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Report Date : |
19.08.2014 |
IDENTIFICATION DETAILS
|
Name : |
GAS ADVERTISING AGENCY CC |
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Registered Office : |
53 Seventh Avenue, Parktown North, |
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Country : |
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Date of Incorporation : |
29.10.2003 |
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Com. Reg. No.: |
B2003/093375/23 |
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Legal Form : |
Close Corporation |
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Line of Business : |
The subject operates as an advertising agency |
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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 |
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Status : |
Moderate |
|
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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
South Africa |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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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
16th largest in the world. Even though the country's modern infrastructure
supports a relatively efficient distribution of goods to major urban centers
throughout the region, unstable electricity supplies retard growth. The global
financial crisis reduced commodity prices and world demand. GDP fell nearly 2%
in 2009 but has recovered since then, albeit slowly with 2014 growth projected
at about 2%. Unemployment, poverty, and inequality - among the highest in the
world - remain a challenge. Official unemployment is at nearly 25% of the work
force, and runs significantly higher among black youth. Eskom, the state-run
power company, has built two new power stations and installed new power demand
management programs to improve power grid reliability. Construction delays at
two additional plants, however, mean South Africa is operating on a razor thin
margin; economists judge that growth cannot exceed 3% until those plants come
on line. 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 |
GAS ADVERTISING AGENCY CC |
|
Country |
SOUTH AFRICA |
|
Subject Contact Person |
RUSSEL LUND - Managing member |
|
Assessment |
This is an established business. On investigation
contact was made with RUSSEL LUND the managing member who requested a
questionniare to sent for completion.We have followed up on the questionnaire
on numerous accasions however MR LUND requested more time to complete the
questionnire.Please see the available information on the subject below. |
|
Registered Name |
GAS ADVERTISING AGENCY CC |
|
Trading as/ Division Name |
GAS ADVERTISING AGENCY |
|
Previous Name |
None |
|
Date of Name Change |
None |
|
Registration Number |
B2003/093375/23 |
|
Registration Date |
2003/10/29 |
|
Date Commenced Trading |
2003-10-29 |
|
Age of Business |
10 Years 10 Months |
|
History of Business |
The business was established in 2003 |
|
History of Principals |
There is 1 active director within the
subject |
|
Shareholders/Members/Partners of subject
and % holding |
100% - RUSSEL LUND |
|
Status |
In Business |
|
Operations Assessment |
The subject operates as an advertising
agency |
|
Industry/ Customers |
Private sector |
|
Export |
None |
|
Import |
None |
|
Major Industry Code / SICC |
88311 |
|
Definition of Code |
Advertising: Activities of advertising
agents |
|
Head Office Physical Address |
53 SEVENTH AVENUE, PARKTOWN NORTH,
JOHANNESBURG, GAUTENG, |
|
Head Office Postal Address |
53 SEVENTH AVENUE, PARKTOWN NORTH,
JOHANNESBURG, GAUTENG, |
|
Current Tel Number |
Unavailable |
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Cell Number |
0836009682 |
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Current Fax Number |
Unavailable |
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Current Email Address |
|
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Web Site Address |
Unavailable |
|
Company Registered Name |
JACK LEON LURIE |
|
Postal Address |
P O BOX 782718, SANDTON, 2146 |
|
Practice Number |
58483 |
|
No of years in Business |
5 Years 1 Months |
Previous Auditors Information - No
Information on Record
|
Vat Number |
4570209470 |
|
Status |
ACTIVE |
|
Vat Liable Date |
2003/11/01 |
|
Tax Number |
9524366151 |
|
Tax Clearance Expire Date |
|
|
Financial Year End |
February |
|
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
Organisation Chart
|
Level |
Position |
Name |
Comment |
1 Member RUSSEL LUND
Company Structure (Ownership)
Note: One level up and all levels down
|
Holding |
Company |
Sub |
Comment |
|
100%-RUSSEL LUND |
GAS ADVERTISING AGENCY CC |
None |
|
Key Deals - No Information on Record
Trade References Information - No
Information on Record
Judgements - No information on record
BusinessRescue - 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 |
1 |
|
Average Age of Active Principals |
41 |
|
Active Principals Principal - 1 of 1
RUSSELL LUND |
|
|
Surname |
LUND |
|
First Name |
RUSSELL |
|
Other Names |
None |
|
Marital Status |
|
|
ID Number |
7312105089082 |
|
Verified ID Number |
Yes |
|
Current Age |
40 Years 8 Months |
|
Designation |
Managing member |
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Status |
Active |
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Appointment Date |
2003/10/29 |
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Physical Address (at time of Appointment) |
53 - 7TH AVENUE, PARKTOWN NORTH, 2193 |
|
Postal Address |
P O BOX 2875, PINEGOWRIE, PINEGOWRIE, 2123 |
|
Current Tel Number |
0117068111 |
|
Cell number |
0836009682 |
|
Shareholding/Membership |
100.00 |
Principal's Adverse - No information on
record
Business Information for RUSSELL LUND
Principal Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
CUZZIMODO INVESTMENTS CC |
B2009/127667/23 |
In Business |
5 Years 5 Months |
0 |
No |
|
|
EASI CELLULAR MANAGEMENT SOLUTIONS
(PTY)LTD |
M2006/032274/07 |
Deregistration Final |
8 Years 8 Months |
0 |
No |
|
|
FREELANCE FACTORY CC |
B2003/093377/23 |
Deregistration Final |
11 Years 11 Months |
0 |
No |
|
|
GAS ADVERTISING AGENCY CC |
B2003/093375/23 |
In Business |
11 Years 11 Months |
0 |
No |
|
|
HELIUM ADVERTISING AGENCY CC |
B2005/000784/23 |
In Business |
9 Years 9 Months |
0 |
No |
|
|
LUND RUG GALLERY (PTY)LTD |
K2011/139735/07 |
Deregistration Process |
3 Years 3 Months |
0 |
No |
|
Principal Deeds Information
|
Company
Name |
Registration
No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
GECKO MOTION (PTY)LTD |
M2001/019202/07 |
Deregistration Final |
13 Years 1 Months |
1 |
No |
|
|
GECKO MOTION EVENTS (PTY)LTD |
M2004/008412/07 |
Deregistration Final |
10 Years 10 Months |
0 |
No |
|
|
H L R PROPERTY CONCEPTS CC |
B1998/051528/23 |
Deregistration Process |
16 Years 4 Months |
0 |
No |
|
|
PC LOCK SYSTEMS (PTY)LTD |
M2002/013992/07 |
Deregistration Final |
|
0 |
No |
|
|
PERPETUAL FILM PRODUCTIONS CC |
B2002/070530/23 |
Deregistration Final |
|
0 |
No |
|
|
SHONGOLOLOCOMMU NICATIONS (PTY)LTD |
M2002/014420/07 |
Deregistration Final |
|
2 |
No |
|
|
WEBSIGHT DYNAMICS CC |
B1996/046120/23 |
Deregistration Final |
18 Years 6 Months |
0 |
No |
|
Average Age of Previous Business 8
Years
Principal Previous
Business Interests
|
Property
Interests for RUSSELL LUND |
|||
|
Title Deed No. |
T5644/2012 |
Erf/Site No. |
733 |
|
Deeds Office |
CAPE TOWN |
Physical Address |
10 BRAESIDE CAPE TOWN |
|
Property Type |
F |
Extent / Size |
295.00000000 |
|
Purchase Date |
|
Purchase price |
R 0.00 |
|
% Ownership |
0.00 |
Bond Holder |
FIRSTRAND BANK LTD |
|
Bond Number |
B180712010 |
Bond Amount |
R 2400000.00 |
|
Comment |
|
||
|
Property
Interests for RUSSELL LUND |
|||
|
Title Deed No. |
T5644/2012 |
Erf/Site No. |
733 |
|
Deeds Office |
CAPE TOWN |
Physical Address |
10 BRAESIDE GREEN POINT CAPE TOWN |
|
Property Type |
E |
Extent / Size |
|
|
Purchase Date |
|
Purchase price |
R 0.00 |
|
% Ownership |
0.00 |
Bond Holder |
FIRSTRAND BANK LTD |
|
Bond Number |
B180712010 |
Bond Amount |
R 2400000.00 |
|
Comment |
|
||
|
Property
Interests for RUSSELL LUND |
|||
|
Title Deed No. |
T9512/1999 |
Erf/Site No. |
262 |
|
Deeds Office |
JOHANNESBURG |
Physical Address |
67 2ND JOHANNESBURG |
|
Property Type |
F |
Extent / Size |
495.00000000 |
|
Purchase Date |
1998/10/02 |
Purchase price |
R 220000.00 |
|
% Ownership |
0.00 |
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
R 0.00 |
|
Comment |
|
||
|
Property
Interests for RUSSELL LUND |
|||
|
Title Deed No. |
T33043/2011 |
Erf/Site No. |
2201 |
|
Deeds Office |
JOHANNESBURG |
Physical Address |
72 10TH PARKHURST RANDBURG |
|
Property Type |
E |
Extent / Size |
|
|
Purchase Date |
2011/06/29 |
Purchase price |
R 3575000.00 |
|
% Ownership |
0.00 |
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
R 0.00 |
|
Comment |
|
||
|
Property
Interests for RUSSELL LUND |
|||
|
Title Deed No. |
T1632/2004 |
Erf/Site No. |
284 |
|
Deeds Office |
JOHANNESBURG |
Physical Address |
53A 7TH PARKTOWN NORTH JOHANNESBURG |
|
Property Type |
E |
Extent / Size |
|
|
Purchase Date |
2003/10/03 |
Purchase price |
R1600000.00 |
|
% Ownership |
0.00 |
Bond Holder |
STANDARD BANK OF SOUTH AFRICA L |
|
Bond Number |
B15142004 |
Bond Amount |
R1200000.00 |
|
Comment |
|
||
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.06 |
|
UK Pound |
1 |
Rs.101.84 |
|
Euro |
1 |
Rs.81.56 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
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.