|
Report Date : |
17.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
MORGAN
COAT (PTY) LTD |
|
|
|
|
Registered Office : |
Ground
Floor Swartlands Building, 17 Alexander Road, Westmead, Pinetown, 3610 |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
28.02.2011 |
|
|
|
|
Com. Reg. No.: |
M2011/004786/07 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
The
subject manufactures branded labels |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
Status : |
Moderate |
|
Payment Behaviour : |
Unknown |
|
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 |
|
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 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 |
MORGAN COAT (PTY)LTD |
|
Country |
SOUTH AFRICA |
|
Subject Contact Person |
TERRI KILIAN - Financial Manager |
|
Assessment |
This is a newly formed business. On investigation contact
was made with the financial manager MRS. TERRI KILIAN who requested a
questionnaire. Numerous follow ups were made to obtain the information which
proved to be unsuccessful as MRS. KILIAN requested more time to complete the
questionnaire. Please see the available information on the subject below. |
|
Registered Name |
MORGAN COAT (PTY) LTD |
|
Trading as/ Division Name |
MORGANCOAT |
|
Previous Name |
None |
|
Date of Name Change |
None |
|
Registration Number |
M2011/004786/07 |
|
Registration Date |
2011/02/28 |
|
Date Commenced Trading |
2011-02-28 |
|
Age of Business |
2 Years 3 Months |
|
History of Business |
The subject was established as a new business in 2011 and
operations commenced immediately. |
|
History of Principals |
There are currently 4 active directors within the company. |
|
Shareholders/Members/Partners of subject and % holding |
Unavailable |
|
Authorised Share Capital |
R0.00 |
|
Issued Share Capital/Members Contribution |
R0.00 |
|
Status |
In Business |
|
Operations Assessment |
The subject manufactures branded labels |
|
Industry/ Customers |
Corporate businesses |
|
Major Industry Code / SICC |
32391 |
|
Definition of Code |
Manufacture of Stationery made primarily of paper |
|
Head Office Physical Address |
GROUND FLOOR SWARTLANDS BUILDING, 17 ALEXANDER ROAD, WESTMEAD,
PINETOWN, 3610 |
|
Head Office Postal Address |
P O BOX 1591, KLOOF, KWA-ZULU NATAL, 3640 |
|
Current Tel Number |
0860772772 |
|
Current Email Address |
|
Company Registered Name |
HAROLD LEVIN & ASSOCIATES INC |
|
Trading Name |
HAROLD LEVIN & ASSOCIATES |
|
Registration Number |
M1999/022180/21 |
|
Physical Address |
102A CLIFTON PLACE, 19 HURSTGROVE, DURBAN, 4001 |
|
Postal Address |
P 0 BOX 1924, DURBAN, 4000 |
|
Contact Person |
CORNELIUS STEYN |
|
Contact Number |
0312011040 |
|
Email |
|
|
Principals |
2 |
|
Judgements Against Subject |
None On Record |
|
Judgements Against Principals |
None On Record |
|
Subject Verified as Client |
Yes |
|
Practice Number |
963852 |
|
VAT Number |
4530210998 |
|
Tax Number |
9576074646 |
|
BEE Status |
|
|
Financial Year End |
February |
|
No of years in Business |
13 |
|
Website |
|
|
Comment |
|
Previous
Auditors Information - No Information on Record
|
Vat Number |
4800241970 |
|
Status |
ACTIVE |
|
Vat Liable Date |
2007/10/01 |
|
Tax Number |
9135798164 |
|
Tax Clearance Expire Date |
|
|
Financial Year End |
June |
|
Comment |
|
Black Economic Empowerment Information - No Information on
Record
ISO
Information - No Information on Record
Work
Mans Information - No Information on Record
Subsidiaries
Information - No Information on Record
Employees
Information - No Information on Record
Company
Fleet Information - No Information on Record
Offices Information - No Information on Record
Branch Information - No Information on Record
Organisational
Chart - No Information on Record
Company
Structure Information - No Information on Record
Note: One level up and all levels
down
Key
Deals - No Information on Record
Trade
References Information - No Information on Record
BusinessRescue
- No Information on Record
Judgements
- No information on record
Default
Listing - No information on record
Notarial
Bonds - No information on record
Bank information -
No information on
record
Bank
Code history - No information on record
Previous
Bank Account Information - No information on record
Deeds Information - No information on record
|
Number of Principals |
4 |
|
Average Age of Active Principals |
58 |
|
Active Principals Principal - 1of 4 MICHAEL MORGAN |
|
|
Surname |
MORGAN |
|
First Name |
MICHAEL |
|
Other Names |
None |
|
Marital Status |
Married |
|
ID Number |
3509115103084 |
|
Verified ID Number |
Yes |
|
Current Age |
78 |
|
Designation |
DIRECTOR |
|
Status |
Active |
|
Appointment Date |
2011/04/29 |
|
Physical Address (at time of Appointment) |
FIRGROVE F12 ROAD D435 ALVERSTONE, HILLCREST, Kwa-Zulu
Natal, 3610 |
|
Postal Address |
PO BOX 1591, KLOOF, KWA-ZULU NATAL, 3640 |
|
Current Tel Number |
0317004616 |
|
Cell number |
0860772772 |
|
Shareholding/Membership |
0.0000 |
Business
Information forMICHAEL MORGAN Principal Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
MORGAN PAPER COATERS CC |
2006/038175/23 |
In Business |
7 Years 2 Months |
0 |
No |
|
|
MORGAN TECHNICAL SERVICES |
3509115103100 |
|
Unknown |
0 |
No |
|
|
MORGAN AND MOLLER BUILDING SYSTEMS (PTY)LTD |
M1995/000469/07 |
Conversion CO/CC or CC/CO |
18 Years 4 Months |
0 |
No |
|
|
MORGANCOAT (PTY) LTD |
M2011/004786/07 |
In Business |
2 Years 3 Months |
0 |
No |
|
Principal
Previous Business Interests
Principal's
Deeds Information - No information on record
Average Age of Previous Business 23 Years
|
Company Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
MORGAN
TECHNICAL SERVICES (PTY)LTD |
M1990/001344/07 |
Deregistration
Final |
23
Years 2 Months |
0 |
No |
|
Principal
- 2of 4 MICHAEL DELAHUNT
|
Surname |
DELAHUNT |
|
First Name |
MICHAEL |
|
Other Names |
None |
|
Marital Status |
Married |
|
ID Number |
4504265083086 |
|
Verified ID Number |
Yes |
|
Current Age |
68 |
|
Designation |
DIRECTOR |
|
Status |
Active |
|
Appointment Date |
2011/04/29 |
|
Physical Address (at time of Appointment) |
24 ROCHE BONNE AVE, PLETTENBURG BAY, WESTERN CAPE, 6600 |
|
Postal Address |
PO BOX 7115, JOHANNESBURG, Gauteng, 2000 |
|
Current Tel Number |
0116520707 |
|
Cell number |
0825554898 |
|
Shareholding/Membership |
0.0000 |
|
Report Extracted on: 15-05-2013 16:04:32 |
Page 9 of 15 pages |
Business
Information forMICHAEL DELAHUNT Principal Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
DUXBERRY VILLAGE MANAGEMENT CC |
B1991/011209/23 |
In Business |
22 Years |
0 |
No |
|
|
ROBUST FENCING (PTY) LTD |
K2013/000706/07 |
In Business |
4 Months |
0 |
No |
|
|
ROBUST HOUSE AND HOME (PTY) LTD |
K2013/000724/07 |
In Business |
4 Months |
0 |
No |
|
|
ULTRA.SERV (S.A.) (PTY) LTD |
M1957/003164/07 |
In Business |
55 Years 7 Months |
0 |
No |
|
|
GERBER GOLDSCHMIDT GROUP (S A) (PTY) LTD |
M1966/011255/07 |
In Business |
46 Years 6 Months |
0 |
No |
|
|
MORGANCOAT (PTY) LTD |
M2011/004786/07 |
In Business |
2 Years 3 Months |
0 |
No |
|
Principal
Previous Business
Average Age of Previous Business 21 Years
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
||||||
|
NEDTRAVEL (PTY)LTD |
1969/003982/07 |
Dissolved |
44 Years 2 Months |
0 |
No |
|
||||||
|
PROJET MANAGEMENT
CC |
B1989/013305/23 |
Deregistration
Final |
24 Years 1 Months |
0 |
No |
|
||||||
|
DEL
CONSOLIDATED CC |
B1991/000346/23 |
Deregistration
Final |
22 Years 4 Months |
0 |
No |
|
||||||
|
TSUNAMAI INVESTMENTS (PTY) LTD |
M1971/002386/07 |
In Business |
42 Years 3 Months |
0 |
No |
|
||||||
|
PRESTIGE
TRAVEL (PTY) LTD |
M1987/003915/07 |
Deregistration
Final |
25 Years 9 Months |
0 |
No |
|
||||||
|
PADDY'S
PAD 2063 (PTY) LTD |
M1997/014185/07 |
Deregistration
Final |
15 Years 9 Months |
0 |
No |
|
||||||
|
MOTIVATION AFRICA RELATIONSHIP MARKETING (PTY)LTD |
M1997/018746/07 |
Deregistration
Final |
15 Years 6 Months |
0 |
No |
|
||||||
|
PRESTIGE
GROUP HOLDINGS (PTY)LTD |
M1998/008481/07 |
Deregistration
Final |
15 Years |
0 |
No |
|
||||||
|
PRESTIGE
TRAVEL (CAPE) (PTY)LTD |
M1999/007663/07 |
Deregistration
Final |
14 Years 1 Months |
0 |
No |
|
||||||
|
PRESTIGE LIFESTYLE TRAVEL SERVICES (PTY) LTD |
M1999/011069/07 |
Deregistration Final |
14 Years |
0 |
No |
|
||||||
|
BIZ CENTER SYSTEMS (PTY) LTD |
M1999/011125/07 |
Deregistration Process |
14 Years |
0 |
No |
|
||||||
|
LINLEY PLACE HOME OWNERS ASSOCIATION |
M2004/015422/08 |
In Business |
8 Years 11 Months |
0 |
No |
|
||||||
Principal's
Deeds Information - No information on record
|
Principal - 3of 4 PAUL HOWARD |
|
|
Surname |
HOWARD |
|
First Name |
PAUL |
|
Other Names |
None |
|
Marital Status |
Married |
|
ID Number |
5510245041085 |
|
Verified ID Number |
Yes |
|
Current Age |
58 |
|
Designation |
DIRECTOR |
|
Status |
Active |
|
Appointment Date |
2011/04/29 |
|
Physical Address (at time of Appointment) |
72 ECCLESTON CRESCENT, BRYANSTON, JOHANNESBURG, 2021 |
|
Postal Address |
PO BOX 7115, JOHANNESBURG, Gauteng, 2000 |
|
Current Tel Number |
0860772772 |
|
Cell number |
|
|
Shareholding/Membership |
0.0000 |
Business
Information forPAUL HOWARD
Principal
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
MUSIKOR (PTY)LTD |
M1969/010038/07 |
Deregistration Process |
43 Years 11 Months |
0 |
No |
|
|
GERBER GLASS (PTY) LTD |
M1969/015050/07 |
In Business |
43 Years 7 Months |
0 |
No |
|
|
106 16TH ROAD MIDRAND (PTY)LTD |
M1970/016394/07 |
In Business |
42 Years 5 Months |
0 |
No |
|
|
GERBER FASTENING SYSTEMS (PTY)LTD |
M1972/003546/07 |
In Business |
41 Years 2 Months |
0 |
No |
|
|
NEW ADVENTURE INVESTMENTS 30 (PTY) LTD |
M1982/010324/07 |
In Business |
30 Years 6 Months |
0 |
No |
|
|
BOLAND PULP PROPERTY HOLDINGS (PTY) LTD |
M1982/010876/07 |
In Business |
30 Years 6 Months |
0 |
No |
|
|
TEKGLASS (PTY) LTD |
M1986/005044/07 |
In Business |
26 Years 5 Months |
0 |
No |
|
|
GOLDPACK (PTY) LTD |
M1987/000169/07 |
In Business |
26 Years 4 Months |
0 |
No |
|
|
SELNOV INVESTMENTS (PTY) LTD |
M1988/000412/07 |
In Business |
25 Years 4 Months |
0 |
No |
|
|
M H GOLDSCHMIDT (PTY) LTD |
M1988/000973/07 |
In Business |
25 Years 3 Months |
0 |
No |
|
|
GGG HOLDINGS (PTY) LTD |
M1988/007115/07 |
In Business |
24 Years 5 Months |
0 |
No |
|
|
VELTOPAK COATING AND FINISHING (PTY) LTD |
M1988/007117/07 |
In Business |
24 Years 5 Months |
0 |
No |
|
|
SAN JI ELECTRONICS (PTY) LTD |
M1991/002911/07 |
In Business |
21 Years 11 Months |
0 |
No |
|
|
GERBER FRESH (PTY) LTD |
M1991/004314/07 |
In Business |
21 Years 9 Months |
0 |
No |
|
|
SELNOV FINANCE (PTY) LTD |
M1992/007413/07 |
In Business |
20 Years 5 Months |
0 |
No |
|
|
SOUTHERN PRIDE FOODS (PTY)LTD |
M1993/004510/07 |
In Business |
19 Years 9 Months |
0 |
No |
|
|
JAMES RALPH (PTY) LTD |
M1996/006819/07 |
In Business |
17 Years |
0 |
No |
|
|
BOLAND PULP (PTY) LTD |
M1996/010660/07 |
In Business |
16 Years 9 Months |
0 |
No |
|
|
THE CRESCENT PROPERTY INVESTMENT C-G (PTY) LTD |
M1996/013386/07 |
In Business |
16 Years 7 Months |
0 |
No |
|
|
GEOTAB (PTY)LTD |
M1996/017621/07 |
In Business |
16 Years 5 Months |
0 |
No |
|
|
JAMES RALPH TECHNO (PTY)LTD |
M1997/021494/07 |
In Business |
15 Years 5 Months |
0 |
No |
|
|
TUBESTONE AFRICA (PTY)LTD |
M1999/016323/07 |
In Business |
13 Years 10 Months |
0 |
No |
|
|
TUBESTONE (PTY) LTD |
M2000/028590/07 |
In Business |
12 Years 6 Months |
0 |
No |
|
|
SOUTHERN CANNED PRODUCTS (PTY) LTD |
M2001/003911/07 |
In Business |
12 Years 3 Months |
0 |
No |
|
|
BIOTECH REGISTRATIONS (PTY) LTD |
M2001/023484/07 |
Deregistration Process |
11 Years 7 Months |
0 |
No |
|
Principal
Previous Business Interest
Average Age of Previous Business 25 Years
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|||||
|
ULTRA.SERV
(S.A.) (PTY) LTD |
M1957/003164/07 |
In Business |
55 Years 7 Months |
0 |
No |
|
|||||
|
BUFFER INVESTMENTS
(PTY) LTD |
M1967/012895/07 |
In Business |
45 Years 5 Months |
0 |
No |
|
|||||
|
MINERVA (LEASING AND FINANCE) (PTY) LTD |
M1969/008101/07 |
In Business |
44 Years |
0 |
No |
|
|||||
|
ERFIN
NOMINEES (PTY) LTD |
M1971/009887/07 |
Deregistration Final |
41 Years 9 Months |
0 |
No |
|
|||||
|
WALSTRAND AVIATION (PTY) LTD |
M1981/000240/07 |
In Business |
32 Years 4 Months |
0 |
No |
|
|||||
|
BIOTECH
LABORATORIES (PTY) LTD |
M1990/007220/07 |
In Business |
22 Years 5 Months |
0 |
No |
|
|||||
|
PASAHOW (PTY)LTD |
M1991/004719/07 |
Deregistration Process |
21 Years 9 Months |
0 |
No |
|
|||||
|
BORIS
THE BAKER (PTY) LTD |
M1996/001621/07 |
Dissolved |
17 Years 3 Months |
0 |
No |
|
|||||
|
PHARMAPLAN
(PTY) LTD |
M1996/017921/07 |
In Business |
16 Years 5 Months |
0 |
No |
|
|||||
|
EMCOM
AFRICA (PTY) LTD |
M1998/000387/07 |
In Business |
15 Years 4 Months |
0 |
No |
|
|||||
|
ADSANI EXPLORATION (PTY) LTD |
M2000/003775/07 |
In Business |
13 Years 3 Months |
0 |
No |
|
|||||
|
XPROCURE SOFTWARE SA
(PTY)LTD |
M2000/020443/07 |
In Business |
12 Years 9 Months |
0 |
No |
|
|||||
|
TRANS AFRICA INTERNATIONAL TELECOMMUNICATION S (PTY)LTD |
M2002/015376/07 |
In Business |
10 Years 11 Months |
0 |
No |
|
|||||
|
ADCHECK (PTY)LTD |
M2003/023030/07 |
In Business |
9 Years 8 Months |
0 |
No |
|
|||||
Principal's
Deeds Information - No information on record
|
Principal - 4of 4 RICHARD MORGAN |
|
|
Surname |
MORGAN |
|
First Name |
RICHARD |
|
Other Names |
None |
|
Marital Status |
Married |
|
ID Number |
8211235083081 |
|
Verified ID Number |
Yes |
|
Current Age |
31 |
|
Designation |
DIRECTOR |
|
Status |
Active |
|
Appointment Date |
2011/04/29 |
|
Physical Address (at time of Appointment) |
FIRGROVE F12 ROAD D435, ALVERSTONE HILLCREST, Kwa-Zulu
Natal, 3610 |
|
Postal Address |
PO BOX 1591, KLOOF, KWA-ZULU NATAL, 3640 |
|
Current Tel Number |
0317647378 |
|
Cell number |
0860772772 |
|
Shareholding/Membership |
0.0000 |
Business
Information forRICHARD MORGAN Principal Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
MORGAN PAPER COATERS CC |
2006/038175/23 |
In Business |
7 Years 2 Months |
0 |
No |
|
|
MORGANCOAT (PTY) LTD |
M2011/004786/07 |
In Business |
2 Years 3 Months |
0 |
No |
|
Principal's
Deeds Information - No information on record
Principal
Previous Business
Average Age of Previous Business
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
|
|
|
|
|
|
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.77 |
|
|
1 |
Rs.83.31 |
|
Euro |
1 |
Rs.70.46 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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.