|
Report Date : |
27.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
MOODY BLUE TRADE AND INVESTMENT 22 (PTY) LTD |
|
|
|
|
Registered Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
14.09.2005 |
|
|
|
|
Com. Reg. No.: |
2005/032569/07 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
·
wholesaler
and manufacturer of cricket bats Retailers of sporting supplies such as Sportsmans
Warehouse and chain stores such as Game Manufacturer of sports goods |
|
|
|
|
No. of Employees |
20 |
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 – december 01, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
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 |
MOODY BLUE TRADE AND INVESTMENT 22 (PTY) LTD |
|
Country |
South Africa |
|
Subject Contact Person |
MELVIN AUBREY HANSEL - Financial Director |
|
Assessment |
This is an established business. On investigation contact was made with MELVIN AUBREY HANSEL, the financial director, who assisted with the required information. T The subject is meeting commitments timeously with suppliers. We could not obtain a bank code as the account is invalid, yet the subject confirmed that the banking information provided is correct. Please see the available information obtained below. |
|
Registered Name |
MOODY BLUE TRADE AND INVESTMENT 22 (PTY) LTD |
|
Trading as/ Division Name |
BELLINGAHAM AND SMITH |
|
Previous Name |
None |
|
Date of Name Change |
None |
|
Registration Number |
2005/032569/07 |
|
Registration Date |
2005/09/14 |
|
Date Commenced Trading |
2005-09-14 |
|
Age of Business |
8 Years 5 Months |
|
History of Business |
The business commenced trading as a new company in 2005. |
|
History of Principals |
There are 3 active principals within the company. |
|
Shareholders/Members/Partners of subject and % holding |
Unavailable |
|
Authorised Share Capital |
R 0.00 |
|
Issued Share Capital/Members Contribution |
R 0.00 |
|
Status |
Active |
|
Operations Assessment |
The subjects main operation is the wholesale and manufacturing of cricket
bats |
|
Industry/ Customers |
Retailers of sporting supplies such as Sportsmans Warehouse and chain stores such as Game |
|
Export |
Unknown |
|
Import |
Yes |
|
Import Countries |
Australia, India |
|
Major Industry Code / SICC |
39230 |
|
Definition of Code |
Manufacture of sports goods |
|
Head Office Physical Address |
OLD CAPE ROAD, 77NTH THORNHILL, EASTERN CAPE, 6375 |
|
Head Office Postal Address |
POSTNET SUITE 82, PRIVATE BAG X27964, GREENACRES, PORT ELIZABETH, 6057 |
|
Current Tel Number |
0422860925 |
|
Cell Number |
Unavailable |
|
Current Fax Number |
0422860921 |
|
Current Email Address |
|
|
Web Site Address |
|
Company Registered Name |
BRADLEY AND VAN DER MERWE CHARTERED ACCOUNTANTS |
|
Trading Name |
Unavailable |
|
Registration Number |
Unavailable |
|
Physical Address |
30 PICKERING STREET, NEWTOWN PARK, PORT ELIZABETH, 6057 |
|
Postal Address |
POSTNET SUITE 82, PRIVATE BAG X 27964, GREENACRES, 6057 |
|
Contact Person |
MARISCA |
|
Contact Number |
0413956600 |
|
Email |
|
|
Judgements Against Subject |
Unavailable |
|
Judgements Against Principals |
Unavailable |
|
Subject Verified as Client |
Yes |
|
Practice Number |
Unavailable |
|
VAT Number |
Unavailable |
|
Tax Number |
Unavailable |
|
BEE Status |
Unavailable |
|
Financial Year End |
Unavailable |
|
No of years in Business |
Unknown |
|
Website |
Previous Auditors Information - No Information on Record
|
Vat Number |
4510223193 |
|
Status |
ACTIVE |
|
Tax Number |
9366734151 |
|
Financial Year End |
February |
Black Economic
Empowerment Information - No Information on Record
ISO Information - No
Information on Record
|
Registered |
Yes |
|
Compliance Certified |
Yes |
Subsidiaries Information - No Information on Record
|
Employees |
|
|
Number of Employees |
20 |
|
1. Salaried employees |
20 |
|
5. Contracted employees |
20 |
Company Fleet
Information - No Information on Record
Offices Information -
No Information on Record
Branch Information -
No Information on Record
Organisational Ohart
- No In formation on Record
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 |
PEKAY |
0414512211 |
|
|
|
|
2 |
POWER TECH |
0414843424 |
|
|
|
|
3 |
SOUL RIGHT |
0414533826 |
|
|
|
|
Nr |
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
|
1 |
10 Years |
R10000.00 |
R 5000 |
30 Days |
R 5000 |
30 Days |
Good account |
|
2 |
10 Years |
|
|
30 Days |
R10000 |
30 Days |
Good account.
The subject has an open account with the supplier. |
|
3 |
26 Years |
|
|
30 Days |
R 5000 |
30 Days |
Good account.
The subject has an open account with the supplier |
Judgements - No information on record
Business Rescue - No Information on Record
Default Listing - No information on record
Notarial Bonds - No information on record
|
Bank |
NEDBANK |
|
Branch |
UITENAGE |
|
Brach Code |
198765 |
|
Bank Account Number |
1263097693 |
|
Type of Account |
CURRENT |
|
Account Name |
MOODY BLUE TRADE AND INVESTMENT 22 (PTY) LTD |
Bank Code History - No Information on Record
Previous Bank Account Information - No Information on Record
Deeds Information - No information on record
|
Number of Principals |
3 |
|
Average Age of Active Principals |
67 |
Active Principals
Principal - 1 of 3 MICHAEL GRAINGER
|
Surname |
GRAINGER |
|
First Name |
MICHAEL |
|
Other Names |
ANTHONY |
|
Marital Status |
|
|
ID Number |
5607085048087 |
|
Verified ID Number |
Yes |
|
Current Age |
57 YEARS 7 MONTHS |
|
Designation |
BUSINESSMAN |
|
Status |
Active |
|
Appointment Date |
2005/10/05 |
|
Physical Address (at time of Appointment) |
3 GAILE AVENUE, NORTHCLIFF, JOHANNESBURG, 2195 |
|
Postal Address |
P O BOX 730191, FAIRLAND, 2196 |
|
Current Tel Number |
0422860925 |
|
Cell number |
|
|
Shareholding/Membership |
0.00 |
Business Information
for MICHAEL GRAINGER
Principal Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
AFRICAN MINING AND TRUST COMPANY LTD |
M1931/003633/06 |
In Business |
82 Years 10 Months |
0 |
No |
|
|
ASSMANG LTD |
M1935/007343/06 |
In Business |
78 Years 6 Months |
0 |
No |
|
|
ASSORE LTD |
M1950/037394/06 |
In Business |
63 Years 3 Months |
0 |
No |
|
|
ORE AND METAL COMPANY LTD |
M1930/002363/06 |
In Business |
83 Years 11 Months |
0 |
No |
|
|
ORESTEEL INVESTMENTS (PTY)LTD |
M1975/003008/07 |
In Business |
38 Years 2 Months |
0 |
No |
|
|
THE SACCO COMMUNITY CENTRE |
M2009/013212/08 |
In Business |
4 Years 4 Months |
0 |
No |
|
|
WONDERSTONE LTD |
M1935/006371/06 |
In Business |
78 Years 6 Months |
0 |
No |
|
|
XERTECH (PTY)LTD |
M2001/006462/07 |
In Business |
0 |
0 |
No |
|
|
ZEERUST CHROME MINES LTD |
M1962/001355/06 |
In Business |
51 Years 3 Months |
0 |
No |
|
|
BATH BUSINESS CONSULTANTS CC |
B1993/017585/23 |
In Business |
21 Years 9 Months |
0 |
No |
|
|
KNYSNA- SEDGEFIELD HOSPICE |
M1990/003685/08 |
In Business |
0 |
0 |
No |
|
Principal Previous Business Interests
Average Age of Previous Business 22 Years
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
AMALGAMATED REINFORCING (PTY)LTD |
M1971/012697/07 |
Deregistration Final |
43 Years 7 Months |
1 |
No |
|
|
BELLINGHAM AND SMITH (PTY)LTD |
M1998/014085/07 |
Dissolved |
16 Years 4 Months |
0 |
No |
|
|
CAFFIENE INVESTMENTS (PTY)LTD |
M1999/008354/07 |
Deregistration Final |
15 Years 3 Months |
0 |
No |
|
|
D P I HOLDINGS (PTY)LTD |
M1987/006531/07 |
In Business |
27 Years 3 Months |
0 |
No |
|
|
EVERITE (PTY)LTD |
M1941/014582/07 |
In Business |
73 Years 1 Months |
0 |
No |
|
|
PRONTO HOLDINGS (PTY)LTD |
M2008/001752/07 |
In Business |
6 Years 6 Months |
0 |
No |
|
|
ROSHCON |
M1990/006897/30 |
In Business |
|
0 |
No |
|
|
ROSHCON (PTY)LTD |
M1990/006897/07 |
In Business |
|
8 |
No |
|
Principal Deeds
Information
Property Interests for MICHAEL GRAINGER
|
Title Deed No. |
T7277/2012 |
Erf/Site No. |
|
|
Deeds Office |
CAPE TOWN |
Physical Address |
|
|
Property Type |
Freehold |
Extent / Size |
800.0DUM |
|
Purchase Date |
|
Purchase price |
|
|
% Ownership |
0.00 |
Bond Holder |
GP12063-ERVEN-328-501 |
|
Bond Number |
BC596521988 |
Bond Amount |
|
|
Property Interests for MICHAEL GRAINGER |
|||
|
Title Deed No. |
T7277/2012 |
Erf/Site No. |
|
|
Deeds Office |
CAPE TOWN |
Physical Address |
BELVIDERE ESTATE KNYSNA |
|
Property Type |
Freehold |
Extent / Size |
1275.0SQM |
|
Purchase Date |
|
Purchase price |
|
|
% Ownership |
0.00 |
Bond Holder |
FIRSTRAND BANK LTD |
|
Bond Number |
B43782012 |
Bond Amount |
|
|
Property Interests for MICHAEL GRAINGER |
|||
|
Title Deed No. |
T28378/2012 |
Erf/Site No. |
|
|
Deeds Office |
CAPE TOWN |
Physical Address |
KNYSNA LIFESTYLE ESTATE KNYSNA |
|
Property Type |
Freehold |
Extent / Size |
924.0SQM |
|
Purchase Date |
2011/08/23 |
Purchase price |
|
|
% Ownership |
0.00 |
Bond Holder |
LEDEVCO DEVELOPMENT PTY LTD |
|
Bond Number |
B155522012 |
Bond Amount |
|
Property Interests
for MICHAEL GRAINGER
|
Title Deed No. |
T32402/2011 |
Erf/Site No. |
|
|
Deeds Office |
PRETORIA |
Physical Address |
HYDE PARK SANDTON |
|
Property Type |
Freehold |
Extent / Size |
2050.0SQM |
|
Purchase Date |
2011/03/21 |
Purchase price |
|
|
% Ownership |
0.00 |
Bond Holder |
|
|
Bond Number |
K28291977S |
Bond Amount |
|
Principal - 2 of 3
MICHAEL BELLINGHAM
|
Surname |
BELLINGHAM |
|
First Name |
MICHAEL |
|
Other Names |
JOHN |
|
Marital Status |
|
|
ID Number |
4509285188088 |
|
Verified ID Number |
Yes |
|
Current Age |
68 Years 5 Months |
|
Designation |
BUSINESSMAN |
|
Status |
Active |
|
Appointment Date |
1998/07/22 |
|
Physical Address (at time of Appointment) |
5 PETUNIA STREET, BLUE HORIZON BAY, PORT ELIZABETH, 6210 |
|
Postal Address |
PO BOX 77, THORNHILL, 6375 |
|
Current Tel Number |
0422860925 |
|
Cell number |
0825760058 |
|
Shareholding/Membership |
0.00 |
Adverse Information for
MICHAEL BELLINGHAM
Principal Judgement
|
Number of Judgements |
0 |
|
Principal Debt
Review |
|
|
Debt review |
No Information on Record |
|
Other |
|
|
Default data |
No Information on Record |
Business Information
for MICHAEL BELLINGHAM
Principal Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
AFRICAN MINING AND TRUST COMPANY LTD |
M1931/003633/06 |
In Business |
82 Years 10 Months |
0 |
No |
|
|
ASSMANG LTD |
M1935/007343/06 |
In Business |
78 Years 6 Months |
0 |
No |
|
|
ORE AND METAL COMPANY LTD |
M1930/002363/06 |
In Business |
83 Years 11 Months |
0 |
No |
|
|
RUSTENBURG MINERALS DEVELOPMENT COMPANY (PTY)LTD |
M1968/002462/07 |
In Business |
45 Years 9 Months |
0 |
No |
|
|
WONDERSTONE LTD |
M1935/006371/06 |
In Business |
78 Years 6 Months |
0 |
No |
|
|
ZEERUST CHROME MINES LTD |
M1962/001355/06 |
In Business |
51 Years 3 Months |
0 |
No |
|
|
MOODY BLUE TRADE AND INVEST 22 (PTY)LTD |
M2005/032569/07 |
In Business |
9 Years 9 Months |
0 |
No |
|
Principal Previous Business Interests
Average Age of Previous Business 24 Years
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
ASSORE LTD |
M1950/037394/06 |
In Business |
63 Years 3 Months |
0 |
No |
|
|
MIDNIGHT STORM INVESTMENTS 19 (PTY)LTD |
M2003/024697/07 |
In Business |
10 Years 10 Months |
0 |
No |
|
|
MIDNIGHT STORM INVESTMENTS 36 (PTY)LTD |
M2003/025889/07 |
Deregistration Final |
10 Years 10 Months |
0 |
No |
|
|
B AND S CRICKETING AGENCIES CC |
B1991/004268/23 |
Deregistration Final |
23 Years 11 Months |
0 |
No |
|
|
BELLINGHAM AND SMITH (PTY)LTD |
M1998/014085/07 |
Dissolved |
16 Years 4 Months |
0 |
No |
|
Principal Deeds
Information
Property Interests
for MICHAEL BELLINGHAM
|
Title Deed No. |
T9930/1999 |
Erf/Site No. |
0 |
|
Deeds Office |
PRETORIA |
Physical Address |
118 CENTURION EAST CENTURION GOLF ESTATE CENTURION |
|
Property Type |
Freehold |
Extent / Size |
706.0SQM |
|
Purchase Date |
1998/11/11 |
Purchase price |
|
|
% Ownership |
0.00 |
Bond Holder |
ABSA BANK LTD |
|
Bond Number |
B54851999 |
Bond Amount |
|
Principal - 3 of 3
MELVIN HANSEL
|
Surname |
HANSEL |
|
First Name |
MELVIN |
|
Other Names |
AUBREY |
|
ID Number |
5805255043082 |
|
Verified ID Number |
Yes |
|
Current Age |
55 Years 9 Months |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2005/10/25 |
|
Physical Address (at time of Appointment) |
C/O WOODBRIDGE COLLEGE, THORNHILL, 6375 |
|
Postal Address |
C/O WOODBRIDGE COLLEGE, THORNHILL, 6375 |
|
Current Tel Number |
0422860633 |
|
Cell number |
0827794962 |
|
Shareholding/Membership |
0.00 |
Business Information
for MELVIN HANSEL
Principal Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
ASSMANG LTD |
M1935/007343/06 |
In Business |
78 Years 6 Months |
0 |
No |
|
|
ORE AND METAL COMPANY LTD |
M1930/002363/06 |
In Business |
83 Years 11 Months |
0 |
No |
|
|
MORADA PROPERTIES (PTY)LTD |
M2007/024287/07 |
In Business |
7 Years 7 Months |
0 |
No |
|
|
OWEN SMITH ASSOCIATES |
5110145112001 |
|
Unknown |
0 |
No |
|
|
OWEN SMITH INSURANCE BROKERS CC |
B2006/185799/23 |
Deregistration Process |
8 Years 8 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 |
|
B AND S CRICKETING AGENCIES CC |
B1991/004268/23 |
Deregistration Final |
23 Years 11 Months |
0 |
No |
|
|
BELLINGHAM AND SMITH (PTY)LTD |
M1998/014085/07 |
Dissolved |
16 Years 4 Months |
0 |
No |
|
|
OWVANOK FARMS CC |
B1986/019511/23 |
Deregistration Final |
28 Years 4 Months |
0 |
No |
|
Principal
Deeds Information
Property Interests
for MELVIN HANSEL
|
Title Deed No. |
T84500/2007 |
Erf/Site No. |
|
|
Deeds Office |
PRETORIA |
Physical Address |
6 BAILEY MIDSTREAM ESTATE OLIFANTSFONTEIN |
|
Property Type |
Freehold |
Extent / Size |
1050.0SQM |
|
Purchase Date |
2007/01/26 |
Purchase price |
|
|
% Ownership |
0.00 |
Bond Holder |
NEDBANK LTD |
|
Bond Number |
B1052312007 |
Bond Amount |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.94 |
|
UK Pound |
1 |
Rs.103.31 |
|
Euro |
1 |
Rs.85.11 |
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.