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Report Date : |
25.06.2013 |
IDENTIFICATION DETAILS
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Name : |
HIGHLOT GENERAL TRADING (PTY)LTD |
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Registered Office : |
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Country : |
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Date of Incorporation : |
12.05.2011 |
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Com. Reg. No.: |
M2011/011142/07 |
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Legal Form : |
Private Company |
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Line of Business : |
Retail trade in hardware, paints and glass |
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No. of Employees : |
100 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com while quoting report number, name and date.
ECGC Country Risk Classification List – March 31st 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
South Africa |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
South Africa ECONOMIC OVERVIEW
South Africa is
a middle-income, emerging market with an abundant supply of natural resources;
well-developed financial, legal, communications, energy, and transport sectors
and a stock exchange that is the 15th largest in the world. Even though the
country possesses modern infrastructure that support a relatively efficient
distribution of goods to major urban centers throughout the region, some
components retard growth. The economy began to slow in the second half of 2007
due to an electricity crisis. State power supplier Eskom encountered problems
with aging plants and meeting electricity demand necessitating
"load-shedding" cuts in 2007 and 2008 to residents and businesses in
the major cities. Subsequently, the global financial crisis reduced commodity
prices and world demand. GDP fell nearly 2% in 2009 but has recovered since
then. Unemployment, poverty, and inequality remain a challenge, with official
unemployment at nearly 25% of the work force. State power supplier Eskom has
built two new power stations and installed new power demand management programs
to improve power grid reliability. South Africa's economic policy has focused
on controlling inflation, however, the country has had significant budget
deficits that restrict its ability to deal with pressing economic problems. The
current government faces growing pressure from special interest groups to use
state-owned enterprises to deliver basic services to low-income areas and to
increase job growth.
|
Source : CIA |
Subject Name |
HIGHLOT GENERAL TRADING (PTY)LTD |
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Country |
South Africa |
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Subject Contact Person |
SHELLY - Financial Manager |
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Assessment |
This is a well-established business. On investigation contact was made with SHELLY the financial manager of the business who assisted with most of the required information. No adverse information was revealed during the investigation. We are awaiting further suppliers to contact for trade references as the current referees declined to assist. We are awaiting a bank code. The financial information was deemed confidential. Please see the information obtained below. |
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Registered Name |
HIGHLOT GENERAL TRADING (PTY)LTD |
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Trading as/ Division Name |
MIDRAND BUILDERS CENTER |
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Previous Name |
None |
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Date of Name Change |
None |
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Registration Number |
M2011/011142/07 |
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Registration Date |
2011/05/12 |
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Date Commenced Trading |
2011-05-12 |
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Age of Business |
2 Years 1 Months |
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History of Business |
The subject was
established as a new business in 2011 and operations commenced immediately. |
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History of Principals |
There are 2 active directors within the business. |
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Shareholders/Members/Partners of subject and % holding |
50 % - GEORGE ALEXANDROU, 50 % - STEPHEN SCHUTZ |
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Authorised Share Capital |
R1000.00 |
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Issued Share Capital/Members Contribution |
R 100.00 |
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Status |
In Business |
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Operations Assessment |
Suppliers of building hardware |
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Industry/ Customers |
The general public and hardware outlets |
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Export |
Unknown |
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Import |
Yes |
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Major Industry Code / SICC |
62340 |
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Definition of Code |
Retail trade in hardware, paints and glass |
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Head Office Physical Address |
CNR CHURCH & OLD PRETORIA ROAD, MIDRAND, 1684 |
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Head Office Postal Address |
P O BOX 4344, HALFWAY HOUSE,
1685 |
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Current Tel Number |
0118050692 |
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Cell Number |
0824505252 |
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Current Fax Number |
0118050693 |
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Current Email Address |
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Web Site Address |
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Company Registered Name |
MCDONALD & ASSOOCIATES |
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Trading Name |
Unavailable |
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Registration Number |
Unavailable |
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Physical Address |
Unavailable |
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Postal Address |
P O BOX 1733, QUEENSTOWN, 5320 |
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Contact Person |
Unavailable |
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Contact Number |
0124240244 |
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Email |
Unavailable |
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Judgements Against Subject |
Unavailable |
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Judgements Against Principals |
Unavailable |
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Subject Verified as Client |
No |
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Practice Number |
903473 |
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VAT Number |
Unavailable |
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Tax Number |
Unavailable |
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BEE Status |
Unavailable |
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Financial Year End |
Unavailable |
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No of years in Business |
Unavailable |
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Website |
Unavailable |
Previous Auditors Information - No Information on Record
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Vat Number |
4520260078 |
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Status |
ACTIVE |
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Vat Liable Date |
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Tax Number |
Unavailable |
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Tax Clearance Expire Date |
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Financial Year End |
Unavailable |
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Status |
No |
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BEE Certificate Available |
No |
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Type of ISO Grade |
The subject is not ISO certified |
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ISO Certificate |
No |
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ISO Certificate Available |
No |
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Certified by an Accredited Agent |
No |
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Registered |
Yes |
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Compliance Certified |
Yes |
Subsidiaries Information - No Information on Record
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Employees |
||||
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Number of Employees |
100 |
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1. Salaried employees |
100 |
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2. Waged employees |
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3. Permanent employees |
100 |
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Company Fleet |
||||
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Company Fleet |
No of vehicles: |
Owned/Leased |
Value |
Outstanding Balance |
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Fleet Operations |
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The Fleet is made up of |
2 |
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Comment |
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Trucks |
2 |
Owned |
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Offices |
Offices |
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Head Office Owned/ Rented |
Leased |
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Rental Company |
FLIP KNOT INVESTMENTS |
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Owned by |
Unavailable |
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Bank |
Unavailable |
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Lease Agreement |
Unavailable |
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Lease Expire Date |
Unavailable |
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Type of Premises |
Offices and Storage Units |
Branch Information - No Information on Record
Organisation Chart
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Level |
Position |
Name |
Comment |
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1 |
Director |
GEORGE ALEXANDROU |
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1 |
Director |
STEPHEN SCHUTZ |
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Company Structure (Ownership)
Note: One level up and
all levels down
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Holding |
Company |
Sub |
Comment |
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50 % - GEORGE ALEXANDROU |
HIGHLOT GENERAL TRADING (PTY) LTD |
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50 % - STEPHEN SCHUTZ |
HIGHLOT GENERAL TRADING (PTY) LTD |
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Key Deals - No Information on Record
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Trade Reference nr |
Supplier |
Contact |
Surety Value |
Notarial Bonds |
Comment |
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1 |
PRO ROOF |
0164505800 |
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2 |
STABILITY |
0113230157 |
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3 |
API AGE |
0118652847 |
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Nr |
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
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1 |
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Against Company
Policy To Provide Trade References |
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2 |
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Against Company
Policy To Provide Trade References |
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3 |
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Declined To
Provide Trade References |
· Judgements - No information on record
Business Rescue - No Information on Record
Default Listing - No information on record
Notarial Bonds - No information on record
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Bank |
STANDARD BANK |
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Branch |
MENLYN |
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Brach Code |
051001 |
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Bank Account Number |
420841474 |
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Type of Account |
Cheque |
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Account Name |
HIGHLOT GENERAL TRADING (PTY) LTD |
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Overdraft Facilities |
Yes |
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Bank Code |
Awaiting Bank Code |
Bank Code History - No Information on Record
Previous Bank Account Information - No Information on Record
Deeds Information - No information on record
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Number of Principals |
2 |
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Average Age of Active Principals |
39 |
Active Principals
Principal - 1of 2 GEORGE ALEXANDROU
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Surname |
ALEXANDROU |
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First Name |
GEORGE |
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Other Names |
None |
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Marital Status |
Single |
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ID Number |
8102185267081 |
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Verified ID Number |
Yes |
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Current Age |
32 Years 4 Months |
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Designation |
DIRECTOR |
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Status |
Active |
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Appointment Date |
2011/05/12 |
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Physical Address (at time of Appointment) |
14 BRUSHWOOD ESTATE, DRYSDALE STREET, SUNDOWNER, 2196 |
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Postal Address |
PO BOX 4344, 1685 |
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Current Tel Number |
0117923231 |
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Cell number |
0824505252 |
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Shareholding/Membership |
50% |
Principal's Adverse - No information on record
Business Information
for GEORGE ALEXANDROU
Principal Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
HIGHLOT GENERAL
TRADING (PTY)LTD |
M2011/011142/07 |
In Business |
2 Years 2 Months |
0 |
No |
|
|
INGOZEST (PTY) LTD |
K2012/111225/07 |
In Business |
1 Years 1 Months |
0 |
No |
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Principal's Deeds
Information - No information on record
Principal - 2of 2
STEPHEN SCHUTZ
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Surname |
SCHUTZ |
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First Name |
STEPHEN |
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Other Names |
None |
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Marital Status |
Single |
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ID Number |
6704195094009 |
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Verified ID Number |
Yes |
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Current Age |
46 Years 2 Months |
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Designation |
CHARTERED ACCOUNTANT |
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Status |
Active |
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Appointment Date |
2011/05/12 |
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Physical Address (at time of Appointment) |
13 PALM PLACE, WATERKLOOF, PRETORIA, Gauteng, 0181 |
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Postal Address |
P O BOX 1602, BROOKLYN SQUARE,
BROOKLYN SQUARE, 0075 |
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Current Tel Number |
0118050692 |
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Cell number |
0833211615 |
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Shareholding/Membership |
50% |
Principal's Adverse - No information on record
Business Information
for STEPHEN SCHUTZ
Principal Current
Business Interests
|
Company Name |
Registration
No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
AKACIA HEALTH CARE (PTY)LTD |
M2002/001567/07 |
In Business |
11 Years 11 Months |
0 |
No |
|
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AKACIA HEALTHCARE INVESTMENTS (PTY) LTD |
M1999/010825/07 |
In Business |
14 Years 2 Months |
0 |
No |
|
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AKACIA MEDICAL DISTRIBUTORS (PTY) LTD |
M1952/001305/07 |
In Business |
61 Years 1 Months |
0 |
No |
|
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AKACIA NATURAL MEDICINES (PTY) LTD |
M2011/007997/07 |
In Business |
2 Years 2 Months |
0 |
No |
|
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BUILDERS BOUTIQUE-CENTUR
ION (PTY)LTD |
K2012/113473/07 |
In Business |
1 Years 1 Months |
0 |
No |
|
|
COMPUPHARM (PTY) LTD |
M1997/007826/07 |
In Business |
16 Years 4 Months |
0 |
No |
|
|
HIGHLOT GENERAL
TRADING (PTY)LTD |
M2011/011142/07 |
In Business |
2 Years 2 Months |
0 |
No |
|
|
INGOZEST (PTY) LTD |
K2012/111225/07 |
In Business |
1 Years 1 Months |
0 |
No |
|
|
QUATROPHARM CC |
B1989/025484/23 |
In Business |
0 |
0 |
No |
|
|
SOFISPAN (PTY)LTD |
K2012/113465/07 |
In Business |
1 Years 1 Months |
0 |
No |
|
Principal Previous Business Interests
Average Age of Previous Business 15 Years
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|||
|
COMPU FARMASEUTIESE PRODUKTE LTD |
M1985/004965/06 |
Deregistration Final |
28 Years 4 Months |
0 |
No |
|
|||
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DUMONT
HEALTHCARE (PTY) LTD |
M1997/003295/07 |
In Business |
16 Years 4 Months |
0 |
No |
|
|||
|
EDL PHARMACEUTICALS (PTY) LTD |
M1995/013989/07 |
Deregistration Final |
18 Years 6 Months |
0 |
No |
|
|||
|
GORDON CUMMING BODY REPAIRS CC |
B1997/059784/23 |
Deregistration Final |
16 Years 4 Months |
0 |
No |
|
|||
|
ILIAD AFRICA TRADING (PTY) LTD |
M1997/010059/07 |
In Business |
16 Years 4 Months |
1 |
No |
|
|||
|
ISHUVA (PTY)LTD |
M1996/004597/07 |
Deregistration Final |
17 Years 5 Months |
0 |
No |
|
|||
|
MEDPRIN PHARMACEUTICALS (PTY) LTD |
M1995/010198/07 |
Deregistration Final |
18 Years 6 Months |
0 |
No |
|
|||
|
PREDICTIVE MED (PTY) LTD |
M2000/004646/07 |
Deregistration Final |
13 Years 1 Months |
0 |
No |
|
|||
|
SCHUTZ AND COMPANY FINANCIAL SERVICES CC |
B1989/022353/23 |
In Business |
|
0 |
No |
|
|||
|
UNIT 96 FAERIE VIEW CC |
B1996/038835/23 |
Deregistration Final |
17 Years 5 Months |
0 |
No |
|
|||
Principal's Deeds Information - No information on record
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.73 |
|
UK Pound |
1 |
Rs.91.82 |
|
Euro |
1 |
Rs.78.23 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
---- |
NB |
New Business |
---- |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this report.
The assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.