|
Report Date : |
26.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
MELBRO WHOLESALE (PTY)LTD |
|
|
|
|
Formerly Known As : |
MEL-BRO WHOLESALE (PTY)LTD |
|
|
|
|
Registered Office : |
15 - 17 Packer Avenue, Epping Industria 2, 7460 |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
19.10.1999 |
|
|
|
|
Com. Reg. No.: |
M1999/023585/07 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Wholesale trade in household furniture requisites and appliances |
|
|
|
|
No. of Employees : |
600 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
||||
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|||
|
Status : |
Satisfactory |
|
|||
|
Payment Behaviour : |
Regular |
|
|||
|
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
South Africa |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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; a stock exchange that is the 18th largest in the world; and modern infrastructure supporting a relatively efficient distribution of goods to major urban centers throughout the region. Growth was robust from 2004 to 2007 as South Africa reaped the benefits of macroeconomic stability and a global commodities boom but began to slow in the second half of 2007 due to an electricity crisis and the subsequent global financial crisis' impact on commodity prices and demand. GDP fell nearly 2% in 2009 but recovered in 2010-11. Unemployment remains high and outdated infrastructure has constrained growth. 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. Daunting economic problems remain from the apartheid era - especially poverty, lack of economic empowerment among the disadvantaged groups, and a shortage of public transportation. South Africa''s economic policy is fiscally conservative focusing on controlling inflation and attaining a budget surplus. The current government largely follows these prudent policies but must contend with the impact of the global crisis and is facing 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 |
HENECK SACKS (PTY)LTD |
|
Country |
South Africa |
|
Subject Contact Person |
FATIMA - Account |
|
Assessment |
On
investigation contact was made with FATIMA at the concern who confirmed that
HENECK SACKS (PTY)LTD has been deregistered and its operations form a
division of MELBRO WHOLESALE (PTY)LTD, the report of which, should be
consulted. |
|
Subject Name |
MELBRO WHOLESALE (PTY)LTD |
|
Country |
South Africa |
|
Account Review |
Recommended Every 6 Months |
|
Subject Contact Person |
FATIMA - Accounts |
|
Assessment |
This
is a well-established business. On investigation
contact was made with FATIMA in the accounts department. The
subject has been in operation for 13 years and imports majority of their
products. A
bank code C was obtained for an enquiry amount of R100 000 over 30 days. No
adverse information was revealed during the investigation. The
company is meeting its commitments timeously with it's suppliers, the highest
credit limit granted is R1 500 000 over a period of 30 days. Please
see the information obtained below. |
|
Registered Name |
MELBRO WHOLESALE (PTY)LTD |
|
Trading as/ Division Name |
HENECK SACKS |
|
Previous Name |
MEL-BRO WHOLESALE (PTY)LTD |
|
Date of Name Change |
Aug 18 2008 12:00AM |
|
Registration Number |
M1999/023585/07 |
|
Registration Date |
1999/10/19 |
|
Date Commenced Trading |
OCTOBER 2008 |
|
Age of Business |
13 Years 1 Months |
|
History of Business |
MEL-BRO
WHOLESALE (PTY)LTD was registered in October 1999 and underwent a name change
to the current name in August 2008. At an undisclosed date the assets and
operations of HENECK SACKS (PTY)LTD was divisionalized under MELBRO WHOLESALE
(PTY)LTD. The status of HENECK SACKS (PTY)LTD is deregistration final. |
|
History of Principals |
MARTIN
HENECK is the CEO at MELBRO HOLDINGS (PTY) LTD. RICHARD DIMBLEBEE is the
group financial director at MELBRO HOLDINGS. TREVOR HENECK is the stock
controller at MELBRO LOGISTICS. |
|
Shareholders/Members/Partners of subject and % holding |
100 % - MELBRO
HOLDINGS (PTY)LTD Registration number 1972/014138/07. MELBRO HOLDINGS
(PTY)LTD brand is the Crazy Stores located across the country. Other
divisions of MELBRO HOLDINGS (PTY)LTD :
MELBRO TRADING (PTY)LTD (1971/006111/07);
MELBRO PROPERTIES (PTY)LTD (1996/014312/07); MELBRO RETAIL (PTY)LTD (1996/0 |
|
Authorised Share Capital |
R 0.00 |
|
Issued Share Capital/Members Contribution |
R 0.00 |
|
Status |
In Business |
|
Operations Assessment |
The concern operates as a importer and wholesalers of a wide variety
of goods such as toys, glassware, tools and edible foodstuff |
|
Industry/ Customers |
Wholesalers and Retailers |
|
Export |
Yes |
|
Export Countries |
Martinique |
|
Import |
Yes |
|
Import Countries |
China,India |
|
Major Industry Code / SICC |
61391 |
|
Definition of Code |
Wholesale trade in household furniture
requisites and appliances |
|
Head Office Physical Address |
15 - 17 PACKER AVENUE, EPPING INDUSTRIA 2, 7460 |
|
Head Office Postal Address |
P O BOX 36, EPPINDUST, 7475 |
|
Current Tel Number |
0215055500 |
|
Cell Number |
None |
|
Current Fax Number |
0215055600 |
|
Current Email Address |
|
|
Web Site Address |
None |
|
Company Registered Name |
KPMG INC |
|
Trading Name |
KPMG |
|
Registration Number |
M1999/021543/21 |
|
Physical Address |
85 EMPIRE ROAD, PARKTOWN, JOHANNESBURG |
|
Postal Address |
Private Bag X 9, Parkview, Johannesburg, 2122 |
|
Contact Number |
0116477111 |
|
Email |
|
|
Principals |
205 |
|
Judgements Against Subject |
No information on file |
|
Judgements Against Principals |
5 |
|
Subject Verified as Client |
Yes |
|
Practice Number |
900117E |
|
VAT Number |
4530188665 |
|
Tax Number |
9559555843 |
|
BEE Status |
Active |
|
Financial Year End |
August |
|
No of years in Business |
Unknown |
|
Website |
Previous Auditors
|
Company Name |
Phone Number |
Time with previous auditors |
Comment |
|
MOORES ROWOLAND |
|
13 |
|
|
Vat Number |
4590186716 |
|
Status |
ACTIVE |
|
Vat Liable Date |
2000/03/01 |
|
Tax Number |
9375051035 |
|
Financial Year End |
February |
|
Black Economic
Empowerment |
|
|
Status |
Yes |
|
Score |
1.00 |
|
Expire Date |
|
|
BEE Certificate Available |
Yes |
|
Comment |
|
|
ISO Status |
|
|
Type of ISO Grade |
There is no ISO grade |
|
ISO Certificate |
No |
|
Workman's
compensation |
|
|
Registered |
Yes |
|
Compliance Certified |
Yes |
Subsidiaries
|
Subsidiary Company |
None |
|||
|
Employees |
||||
|
Number of Employees |
600 |
|||
|
1. Salaried employees |
600 |
|||
|
Company Fleet |
||||
|
Company Fleet |
No of vehicles: |
Owned/Leased |
Value |
Outstanding Balance |
|
Fleet Operations |
|
|
|
|
|
The Fleet is made up of |
|
|||
|
Comment |
Further details were not made available |
|||
|
Offices |
Offices |
|||
|
Head Office Owned/ Rented |
Leased |
|||
|
Rental Company |
MELBRO PROPERTIES (PTY)LTD |
|||
|
Lease Agreement |
None |
|||
|
Lease Expire Date |
None |
|||
|
Type of Premises |
Office and warehouse |
|||
Branch Information
|
Branches Names |
Country |
Province |
|
HENECK SACKS |
South Africa |
Kwazulu-Natal |
Branch Detail Information
|
Branches Owned/ Rented |
Leased |
|
Rental Company |
Unknown |
|
Lease Agreement |
Annual |
|
Lease Expire Date |
Unknown |
|
Type of Premises |
Office and warehouse |
|
Comment |
Telephone: 031 705 5111 Fax number: 031 705 0160 Email: dnarainsamy@hsacks.co.Za Physical
Address: 31 Lanner Road, Falcon Park, New Germany, 3610 Postal Address: PO
Box 1114, New Germany, 3620 |
Organisation Chart
|
Level |
Position |
Name |
Comment |
|
|
|||
|
1 |
CEO |
MARTIN ISAAC HENECK |
|
|
|
|||
|
2 |
COMPANY SECRETARY |
CRAIG CAMPBELL |
|
|
|
|||
|
3 |
FINANCIAL MANAGER |
RICHARD DIMBLEBEE |
|
|
|
|||
|
4 |
MANAGER |
RAMURTHY PILLAY |
MANAGER for the
HENECK SACK division |
|
|
|||
|
5 |
NATIONAL SALES DIRECTOR |
GARRY STONE |
NATIONAL SALES
DIRECTOR for HENECK SACKS DIVISION |
Company Structure Information - No Information on Record
Note: One level up and
all levels down
Key Deals - No Information on Record
|
Trade Reference nr |
Supplier |
Contact |
Surety Value |
Notarial Bonds |
Comment |
|
1 |
ASSIGN SERVICES |
011 440 0005 |
|
|
|
|
2 |
UTi Sun Couriers |
012 673 2000 |
|
|
|
|
3 |
QD AIR |
0112519300 |
|
|
|
Trade References Detail
|
Nr |
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
|
1 |
8 years |
R1500000.00 |
R1200000 |
30 days |
R 800000 |
30 days |
Excellent account |
|
2 |
|
|
|
|
|
|
Against company
policy to provide trade references |
|
3 |
2 YEARS |
|
R 20000 |
30 DAYS |
R14000 |
30 DAYS |
Good account |
Judgements - No information on record
Business Rescue - No Information on Record
Default Listing - No information on record
Notarial Bonds - No information on record
|
Bank |
ABSA |
|
Branch |
HEERENGRACHT |
|
Brach Code |
632005 |
|
Bank Account Number |
4058941111 |
|
Type of Account |
CHEQUE ACCOUNT |
|
Account Name |
MELBRO WHOLESALE (PTY)LTD |
|
Overdraft Facilities |
The concern enjoys an overdraft facility secured by guarantee |
|
Bank Code |
C |
|
Bank Comment |
The subject's bankers consider them good for all business normal
engagements |
Bank Code History - No Information on Record
Previous Bank Account Information - No Information on Record
Deeds Information - No information on record
|
Comment |
No financial information was forthcoming from the concern |
|
Please note the following: |
|
|
Turnover and assets less than R
1,000,000.00 |
The subject falls within the National Credit Act |
|
Turnover and assets less than R
2,000,000.00 |
The subject falls within the Consumer Protection Act |
|
Number of Principals |
5 |
|
Average Age of Active Principals |
49 |
|
Active
Principals Principal - 1 of 5 MARTIN HENECK |
|
|
Surname |
HENECK |
|
First Name |
MARTIN |
|
Other Names |
ISAAC |
|
ID Number |
5606110000000 |
|
Verified ID Number |
No |
|
Current Age |
56 |
|
Designation |
BUSINESSMAN |
|
Status |
Active |
|
Appointment Date |
2008/12/05 |
|
Physical Address (at time of Appointment) |
13 HIGH CONSTANTIA, 2 GROOT CONSTANTIA ROAD, CONSTANTIA, 7860 |
|
Postal Address |
PO BOX 36, EPPINDUST, 7475 |
|
Shareholding/Membership |
0.0000 |
Principal's Adverse -
No information on record
Business Information
for MARTIN HENECK
Principal Current Business
Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
MELBRO RETAIL (PTY)LTD |
M1996/007147/07 |
In Business |
16 Years 4 Months |
0 |
No |
|
|
MELBRO WHOLESALE (PTY)LTD |
M1999/023585/07 |
In Business |
13 Years 1 Months |
0 |
No |
|
Principal Previous Business Interests
Average Age of Previous Business 5 Years
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
CONSTELLATION EUROPE LIMITED INCORPORATED IN THE UNITED KINGDOM |
M2007/002153/10 |
Deregistration Final |
5 Years 5 Months |
0 |
No |
|
Principal's Deeds Information - No information on record
Principal - 2 of 5
CRAIG CAMPBELL
|
Surname |
CAMPBELL |
|
First Name |
CRAIG |
|
Other Names |
|
|
Marital Status |
Married |
|
ID Number |
7808225117083 |
|
Verified ID Number |
Yes |
|
Current Age |
34 |
|
Designation |
|
|
Status |
Active |
|
Appointment Date |
2006/12/29 |
|
Physical Address (at time of Appointment) |
130 CHURCHILL RD, PLUMSTEAD, 7800 |
|
Postal Address |
PO BOX 36, EPPINDUST, 7475 |
|
Current Tel Number |
0215055675 |
|
Cell number |
0828202612 |
|
Shareholding/Membership |
0.0000 |
Principal's Adverse -
No information on record
Business Information for
CRAIG CAMPBELL
Principal Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
MELBRO TRADING (PTY)LTD |
M1971/006111/07 |
In Business |
41 Years 5 Months |
0 |
No |
|
|
MELBRO HOLDINGS (PTY)LTD |
M1972/014138/07 |
In Business |
40 Years 4 Months |
0 |
No |
|
|
MELBRO RETAIL (PTY)LTD |
M1996/007147/07 |
In Business |
16 Years 4 Months |
0 |
No |
|
|
MELBRO PROPERTIES (PTY)LTD |
M1996/014312/07 |
In Business |
16 Years 4 Months |
0 |
No |
|
|
MELBRO WHOLESALE (PTY)LTD |
M1999/023585/07 |
In Business |
13 Years 1 Months |
0 |
No |
|
|
CAMPBELL HENECK
INC |
M2007/016716/21 |
In Business |
5 Years 5 Months |
0 |
No |
|
Principal Previous Business Interests
Average Age of Previous Business 22 Years
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
THOUGHT BULLET CC |
B2006/144435/23 |
In Business |
6 Years 6 Months |
0 |
No |
|
|
TABLE BAY IMPORT AND EXPORT CO (PTY)LTD |
M1965/010296/07 |
Deregistration Final |
47 Years 11 Months |
0 |
No |
|
|
HENEP (PTY)LTD |
M1970/000661/07 |
Deregistration Final |
42 Years 6 Months |
0 |
No |
|
|
ORBLEM INVESTMENTS (PTY)LTD |
M1997/021175/07 |
Deregistration Final |
15 Years 3 Months |
0 |
No |
|
|
HENECK SACKS (PTY)LTD |
M1999/024503/07 |
Deregistration Final |
13 Years 1 Months |
0 |
No |
|
|
J MELNICK AND CO (PTY)LTD |
M1999/026572/07 |
Deregistration Final |
13 Years 1 Months |
0 |
No |
|
Principal's Deeds Information - No information on record
Principal - 3 of 5
RICHARD DIMBLEBEE
|
Surname |
DIMBLEBEE |
|
First Name |
RICHARD |
|
Other Names |
|
|
Marital Status |
Married |
|
ID Number |
7206305830081 |
|
Verified ID Number |
Yes |
|
Current Age |
40 |
|
Designation |
FINANCIAL MANAGER |
|
Status |
Active |
|
Appointment Date |
2004/11/01 |
|
Physical Address (at time of Appointment) |
3 BELLMONT ROAD, MOWBRAY, 7700 |
|
Postal Address |
PO BOX 36, EPPINDUST, 7475 |
|
Current Tel Number |
0215085500 |
|
Cell number |
0716718861 |
|
Shareholding/Membership |
0.0000 |
Principal's Adverse -
No information on record
Business Information
for RICHARD DIMBLEBEE
Principal Current
Business Interests
|
Company Name |
Registration
No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
MELBRO TRADING (PTY)LTD |
M1971/006111/07 |
In Business |
41 Years 5 Months |
0 |
No |
|
|
MELBRO HOLDINGS (PTY)LTD |
M1972/014138/07 |
In Business |
40 Years 4 Months |
0 |
No |
|
|
MELBRO WHOLESALE (PTY)LTD |
M1999/023585/07 |
In Business |
13 Years 1 Months |
0 |
No |
|
Principal's Deeds
Information - No information on record
Principal - 4 of 5
TREVOR HENECK
|
Surname |
HENECK |
|
First Name |
TREVOR |
|
Other Names |
None |
|
ID Number |
5811220000000 |
|
Verified ID Number |
No |
|
Current Age |
54 |
|
Designation |
MANAGER |
|
Status |
Active |
|
Appointment Date |
2000/03/01 |
|
Physical Address (at time of Appointment) |
11 KRANS STREET, LINKSFIELD, JHB, 2192 |
|
Postal Address |
P O BOX 715, JOHANNESBURG, 2000 |
|
Shareholding/Membership |
0.0000 |
Principal's Adverse -
No information on record
Business Information
for TREVOR HENECK
Principal Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
MELBRO WHOLESALE (PTY)LTD |
M1999/023585/07 |
In Business |
13 Years 1 Months |
0 |
No |
|
Principal's Deeds
Information - No information on record
Principal - 5 of 5
GLEN HENECK
|
Surname |
HENECK |
|
First Name |
GLEN |
|
Other Names |
None |
|
Marital Status |
Married |
|
ID Number |
5707295071083 |
|
Verified ID Number |
Yes |
|
Current Age |
55 |
|
Designation |
LAWYER |
|
Status |
Active |
|
Appointment Date |
2000/03/01 |
|
Physical Address (at time of Appointment) |
30 BLUE CRANE WAY, STEENBERG, 7475 |
|
Postal Address |
PO BOX 36, EPPINDUST, 7475 |
|
Current Tel Number |
0215077700 |
|
Cell number |
0837022459 |
|
Shareholding/Membership |
0.0000 |
Principal's Adverse -
No information on record
Business Information
for GLEN HENECK
Principal Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
MELBRO TRADING (PTY)LTD |
M1971/006111/07 |
In Business |
41 Years 5 Months |
0 |
No |
|
|
MELBRO HOLDINGS (PTY)LTD |
M1972/014138/07 |
In Business |
40 Years 4 Months |
0 |
No |
|
|
MELBRO PROPERTIES (PTY)LTD |
M1996/014312/07 |
In Business |
16 Years 4 Months |
0 |
No |
|
|
MELBRO WHOLESALE (PTY)LTD |
M1999/023585/07 |
In Business |
13 Years 1 Months |
0 |
No |
|
|
CAMPBELL HENECK
INC |
M2007/016716/21 |
In Business |
5 Years 5 Months |
0 |
No |
|
Principal Previous Business Interests
Average Age of Previous Business 19 Years
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
HENEP (PTY)LTD |
M1970/000661/07 |
Deregistration Final |
42 Years 6 Months |
0 |
No |
|
|
T H U M B PROPERTIES (PTY)LTD |
M1974/002256/07 |
Deregistration Final |
38 Years 2 Months |
0 |
No |
|
|
MELKO GARMENT WASHERS (PTY)LTD |
M1988/002339/07 |
Deregistration Final |
|
0 |
No |
|
|
+ |
M1996/007147/07 |
In Business |
16 Years 4 Months |
0 |
No |
|
|
ORBLEM INVESTMENTS (PTY)LTD |
M1997/021175/07 |
Deregistration Final |
15 Years 3 Months |
0 |
No |
|
|
OURCASTLE PROPERTY INVESTMENTS (PTY)LTD |
M1998/013290/07 |
Conversion CO/CC or CC/CO |
14 Years 2 Months |
0 |
No |
|
|
J MELNICK AND CO (PTY)LTD |
M1999/026572/07 |
Deregistration Final |
13 Years 1 Months |
0 |
No |
|
Principal's Deeds Information - No information on record
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.09 |
|
UK Pound |
1 |
Rs.82.47 |
|
Euro |
1 |
Rs.70.49 |
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.