|
Report Date : |
26.08.2014 |
IDENTIFICATION DETAILS
|
Name : |
SQM
MACBUILD (PTY) LTD |
|
|
|
|
Registered Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
24.03.2009 |
|
|
|
|
Com. Reg. No.: |
M2009/005986/07 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Wholesale
trade in construction materials, hardware, plumbing, heating |
|
|
|
|
No of Employees : |
4 |
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 : |
No Complaints |
|
|
|
|
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 01, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
South Africa |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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 |
SQM MACBUILD
(PTY)LTD |
|
Country |
South
Africa |
|
Subject
Contact Person |
AVRIL
ADAMS - PA to DIRECTOR |
|
Assessment |
This
is an established business. On investigation contact was made with AVRIL
ADAMS the PA to the director. The subject is meeting commitments timeously
with suppliers. We obtained a bank code C for R 120 000 over a period of 30
days. Please see the available information on the subject below. |
|
Registered
Name |
SQM MACBUILD (PTY)LTD |
|
Trading
as/ Division Name |
GREATFORCE INVESTMENTS 192 |
|
Previous
Name |
Unavailable |
|
Date
of Name Change |
2009-12-09 |
|
Registration
Number |
M2009/005986/07 |
|
Registration
Date |
2009/03/24 |
|
Date
Commenced Trading |
2009-03-24 |
|
Age
of Business |
5 Years 5 Months |
|
History
of Business |
The
subject commenced trading as a new company in 2009. |
|
History
of Principals |
There is 1 active director within the
company. |
|
Shareholders/Members/Partners
of subject and % holding |
100 % - ABDUL ALEEM OSMAN |
|
Authorised
Share Capital |
|
|
Issued
Share Capital/Members Contribution |
|
|
Status |
In Business |
|
Operations
Assessment |
The
subjects are wholesalers and distributors of quality building materials. |
|
Industry/
Customers |
The private industry and construction
companies |
|
Export |
None |
|
Export
Countries |
|
|
Import |
None |
|
Import
Countries |
|
|
Major
Industry Code / SICC |
61430 |
|
Definition
of Code |
Wholesale
trade in construction materials, hardware, plumbing, heating |
|
Head
Office Physical Address |
3
GLOSSDERRY ROAD, CLAREMONT, CAPE TOWN, 7702 |
|
Head
Office Postal Address |
PO BOX 46946, GLOSSDERY, 7702 |
|
Current
Tel Number |
0216837140 |
|
Cell
Number |
None |
|
Current
Fax Number |
0216744897 |
|
Current
Email Address |
|
|
Web
Site Address |
None |
|
Comments |
|
|
Company
Registered Name |
VASSEN
BROTHERS ASSOCIATES |
|
Trading
Name |
None |
|
Registration
Number |
4503025080085 |
|
Physical
Address |
60
Sir Lowry Road, Woodstock, Cape Town, 7925 |
|
Postal
Address |
PO
Box 4527, Cape Town, 8000 |
|
Contact
Person |
PRAVIN
KALIDAS VASSEN |
|
Contact
Number |
0214654913 |
|
Email |
|
|
Principals |
1 |
|
Judgements
Against Subject |
Unavailable |
|
Judgements
Against Principals |
Unavailable |
|
Subject
Verified as Client |
Yes |
|
Practice
Number |
900669 |
|
VAT
Number |
4890213327 |
|
Tax
Number |
Unavailable |
|
BEE
Status |
Unavailable |
|
Financial
Year End |
Unavailable |
|
No
of years in Business |
4
Years 11 Months |
|
Website |
Unavailable |
|
Comment |
|
Previous Auditors Information - No Information on Record
|
Vat
Number |
4790255006 |
|
Status |
ACTIVE |
|
Vat
Liable Date |
2010/03/01 |
|
Tax
Number |
9105646179 |
|
Tax
Clearance Expire Date |
|
|
Financial
Year End |
February |
|
Comment |
|
Black Economic Empowerment Information - No Information on Record
ISO Information - No Information on Record
|
Registered |
Yes |
|
Compliance
Certified |
Yes |
|
Comment |
|
Subsidiaries Information - No Information on Record
|
Number
of Employees |
4 |
|||
|
1.
Salaried employees |
4 |
|||
|
2.
Waged employees |
|
|||
|
3.
Permanent employees |
4 |
|||
|
4.
Casual employees |
|
|||
|
5.
Contracted employees |
|
|||
|
Comment |
|
|||
|
Company
Fleet |
||||
|
Company
Fleet |
No
of vehicles: |
Ownerd/Leased |
Value |
Outstanding
Balance |
|
Fleet
Operations |
|
|
|
|
|
The
Fleet is made up of |
2 |
|||
|
Comment |
|
|||
|
Light
delivery Vehicles |
2 |
Owned |
|
|
Offices
|
Offices |
Offices |
|
Head
Office Owned/ Rented |
Leased |
|
Rental
Company |
Unavailable |
|
Owned
by |
|
|
Value |
|
|
Bond |
|
|
Bank |
Unavailable |
|
Lease
Agreement |
Unavailable |
|
Lease
Expire Date |
Unavailable |
|
Type
of Premises |
Warehouse
and an office block |
|
Comment |
|
Branch Information - No Information on Record
Organisation Chart
|
Level |
Position |
Name |
Comment |
|
1 |
DIRECTOR |
ABDUL ALEEM OSMAN |
|
Company Structure (Ownership)
Note: One level up and all levels down
|
Holding |
Company |
Sub |
Comment |
|
100% - ABDUL ALEEM OSMAN |
SQM MACBUILD
(PTY)LTD |
NONE |
|
Key Deals - No Information on Record
|
Trade Reference
nr |
Supplier |
Contact |
Surety Value |
Notarial
Bonds |
Comment |
|
1 |
CTC WORLDWIDE
LOGISTICS |
0214199330 |
|
|
|
|
2 |
CERAMICA LIFE
TILES |
0216837140 |
|
|
|
|
3 |
WETTON MECHANIC |
0217620059 |
|
|
|
Trade References Detail
|
Nr |
Age
of Acc |
Credit Limit |
Max
Credit |
Terms |
Average
Purchases |
Terms
Taken |
Comment |
|
1 |
4 Years |
|
|
30
Days |
|
30 Days |
Good account. The supplier does
not divulge any figures |
|
2 |
5 Years |
R
300000.00 |
R 300000 |
30
Days |
R120000 |
30 Days |
This is a good
account. |
|
3 |
4 Years |
R
250000.00 |
R 250000 |
30
Days |
R100000 |
30 Days |
Good account |
Adverse Information on Subject
Judgements - No information on
record
BusinessRescue - No Information on
Record
Default Listing - No information on
record
Notarial Bonds - No information on
record
|
Bank |
STANDARD
BANK |
|
Branch |
KROMBOOM |
|
Brach
Code |
051001 |
|
Bank
Account Number |
271782870 |
|
Type
of Account |
CURRENT |
|
Account
Name |
SQM
MACBUILD (PTY)LTD |
|
Overdraft
Facilities |
Yes |
|
Bank
Code |
C
- For R 120 000 |
|
Bank
Comment |
The
subject's bankers consider them good for all normal business engagements |
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 |
53 |
|
Active Principals Principal - 1 of 1 ABDUL OSMAN |
|
|
Surname |
OSMAN |
|
First
Name |
ABDUL |
|
Other
Names |
ALEEM |
|
Marital
Status |
|
|
ID
Number |
6110025103020 |
|
Verified
ID Number |
Yes |
|
Current
Age |
52
Years 10 Months |
|
Designation |
BUSINESSMAN |
|
Status |
Active |
|
Appointment
Date |
2009/09/29 |
|
Physical
Address (at time of Appointment) |
CNR
ROBINSON, BISHOPSCOURT VILLAGE, CLAREMONT, WESTERN CAPE, 7700 |
|
Postal
Address |
78
BRIZA ROAD, TABLEVIEW, WESTERN CAPE, 7441 |
|
Current
Tel Number |
0214223267 |
|
Cell
number |
0832576155 |
|
Shareholding/Membership |
100
% |
Business Information for ABDUL OSMAN
Principal Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
CAMPWELL
LOW COST BUILDING SUPPLIES CC |
B1998/016348/23 |
Deregistration
Process |
16
Years 4 Months |
0 |
No |
|
|
CRIMSON
MOON INVESTMENTS 93 CC |
B2005/008695/23 |
Deregistration
Process |
9
Years 9 Months |
0 |
No |
|
|
ENERMIN AFRICA
(PTY)LTD |
M2002/014442/07 |
In
Business |
0 |
0 |
No |
|
|
GH20
MARKETING (SA) (PTY)LTD |
M2005/024487/07 |
Deregistration
Final |
9
Years 9 Months |
0 |
No |
|
|
JUST JASMINE
INVESTMENTS 155 (PTY)LTD |
M2007/033585/07 |
In
Business |
7
Years 7 Months |
0 |
No |
|
|
KRAAISCOTT
EIENDOMME CC |
B1987/005207/23 |
In
Business |
27
Years 3 Months |
0 |
No |
|
|
MAFEKING
CEMENT (PTY)LTD |
M2003/028519/07 |
In
Business |
11
Years 11 Months |
0 |
No |
|
|
NEAR MIRACLE
MARKETING CC |
B1994/033044/23 |
Deregistration
Final |
20
Years 8 Months |
0 |
No |
|
|
NYANGA TIMBERS CC |
B1994/031331/23 |
In
Business |
20
Years 8 Months |
0 |
No |
|
|
ONE
VISION INVESTMENTS 374 (PTY)LTD |
M2009/012722/07 |
Deregistration
Process |
5
Years 5 Months |
0 |
No |
|
|
RICH REWARDS TRADING
136 (PTY)LTD |
M2005/017012/07 |
Deregistration
Final |
9
Years 9 Months |
0 |
No |
|
|
ROYAL SQUARE
INVESTMENTS 152 CC |
B2004/078987/23 |
Re-Instatement
Process |
10
Years 10 Months |
0 |
No |
|
|
SOMAN
(PTY)LTD |
M1980/010696/07 |
Deregistration Final |
34 Years 10
Months |
0 |
No |
|
|
SQM
MACBUILD (PTY)LTD |
M2009/005986/07 |
In
Business |
5
Years 5 Months |
0 |
No |
|
|
TAWAKAL BELEGGINGS (PTY)LTD |
M1966/003285/07 |
Dissolved |
0 |
0 |
No |
|
|
THE
MITCHELLS PLAIN PLAZA LTD |
1997/005512/06 |
In
Business |
17
Years 5 Months |
0 |
No |
|
Principal Previous
Business Interest
|
Average Age of Previous Business |
2 Years |
|
Company Name |
Registration No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
BELHAR
PROPERTY HOLDINGS CC |
B1990/023632/23 |
In
Business |
|
1 |
No |
|
|
COALITION TRADING
5 CC |
B2002/014038/23 |
Deregistration
Process |
|
1 |
No |
|
|
JAMOS
INVESTMENTS CC |
B1990/038627/23 |
Deregistration
Process |
|
0 |
No |
|
|
PRECIOUS
PROSPECT TRADING 155 (PTY)LTD |
M2005/037916/07 |
Deregistration
Final |
9
Years 9 Months |
0 |
No |
|
Principal's
Deeds Information - No information on record
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.43 |
|
UK Pound |
1 |
Rs.100.12 |
|
Euro |
1 |
Rs.79.74 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
SMN |
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.