|
Report Date : |
19.03.2014 |
|
|
|
|
Tel. No.: |
031 207 6451/208 3909 469 4224 |
|
Fax No.: |
031 207 6455/207 7453 |
IDENTIFICATION DETAILS
|
Name : |
MALLS TILES (PTY)LTD |
|
|
|
|
Registered Office : |
3/9 Garth Road, Mayville, Durban |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
15.09.1978 |
|
|
|
|
Com. Reg. No.: |
M1978/003566/07 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Engaged in importation and distribution of tiles throughout South Africa. |
|
|
|
|
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 – 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 |
MALLS TILES (PTY)LTD |
|
|
Country |
South Africa |
|
|
Subject Contact Person |
RAOOF JANGOT - Financial Manager |
|
|
Assessment |
On investigation contact was made with RAOOF JANGOT, the financial manager of the business who declined to assist with all of the required information. He stated that the company does not have any dealings in India or Asia. He requested the name of the principal enquirer as he considers all company information to be confidential. Please see the available information obtained below from. |
|
|
Registered Name |
MALLS TILES (PTY)LTD |
|
Trading as/ Division Name |
Unavailable |
|
Previous Name |
Unavailable |
|
Date of Name Change |
1981-12-30 |
|
Registration Number |
M1978/003566/07 |
|
Registration Date |
1978/09/15 |
|
Date Commenced Trading |
1978-09-15 |
|
Age of Business |
35 Years 6 Months |
|
History of Business |
According to the information provided by
CIPC, the company is in operation for the past 35 Years 6 Months. |
|
History of Principals |
As per the information provided by CIPC,
there are 2 active principals of the company HASSAN DAWOOD MALL & DAWOOD
MAHOMED MALL. |
|
Shareholders/Members/Partners of subject and % holding |
Unavailable |
|
Authorised Share Capital |
R 0.00 |
|
Issued Share Capital/Members Contribution |
R 0.00 |
|
Status |
In Business |
|
Operations Assessment |
The company's main operation is the importation and distribution of tiles throughout South Africa. |
|
Industry/ Customers |
The construction industry, tile retailers and the general public |
|
Export |
Unknown |
|
Import |
Yes |
|
Major Industry Code / SICC |
50430 |
|
Definition of Code |
Floor Covering |
|
Head Office Physical Address |
3/9 Garth Road, Mayville, DURBAN |
|
Head Office Postal Address |
P O BOX 32511, MOBENI, DURBAN, 4060 |
|
Current Tel Number |
0314694224 |
|
Cell Number |
0314694228 |
|
Current Fax Number |
None |
|
Current Email Address |
|
|
Web Site Address |
|
|
Comments |
The above information was extracted from CIPC, the physical address was taken from the website. |
|
Company Registered Name |
PRICE WATERHOUSE COOPERS INCOPORATED |
|
Trading Name |
PRICE WATERHOUSE COOPERS |
|
Registration Number |
1998/012055/21 |
|
Physical Address |
TWO EGLIN ROAD, SUNNINGHILL, 2157 |
|
Postal Address |
PRIVATE BAG X36, SUNNINGHILL, 2157 |
|
Contact Person |
Unavailable |
|
Contact Number |
0117974000 |
|
Email |
Unavailable |
|
Principals |
288 |
|
Judgements Against Subject |
Unavailable |
|
Judgements Against Principals |
Unavailable |
|
Subject Verified as Client |
Yes |
|
Practice Number |
918253 |
|
VAT Number |
4950174682 |
|
Tax Number |
9343032844 |
|
BEE Status |
Unavailable |
|
Financial Year End |
June |
|
No of years in Business |
15 Years 9 Months |
|
Website |
Previous Auditors Information - No Information on Record
|
Vat Number |
4450103272 |
|
Status |
ACTIVE |
|
Vat Liable Date |
1991/09/30 |
|
Tax Number |
Unavailable |
|
Financial Year End |
February |
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 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 References
Information - No Information on Record
Judgements - No
information on record
Business Rescue - 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 |
2 |
|
Average Age of Active Principals |
57 |
Active Principals
Principal - 1 of 2 HASSAN D MOLL
|
Surname |
MOLL |
|
First Name |
HASSAN D |
|
ID Number |
7204235086080 |
|
Verified ID Number |
Yes |
|
Current Age |
41 Years 11 Months |
|
Designation |
BUSINESSMAN |
|
Status |
Active |
|
Appointment Date |
2007/03/01 |
|
Physical Address (at time of Appointment) |
UNIT 506 PANORAMA, 368 MUSGRAVE ROAD, DURBAN, 4001 |
|
Postal Address |
3RD FLOOR MALLS TOWERS, 3/9 GARTH ROAD, MAYVILLE, DURBAN, 4000 |
|
Current Tel Number |
0314694224 |
|
Cell number |
0836558197 |
|
Shareholding/Membership |
0.00 |
Principal's Adverse -
No information on record
Business Information
for HASSAN D MOLL
Principal Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
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 |
|
|
ERVEN 40 AND 41 ILLOVO (PTY)LTD |
M1999/025517/07 |
In Business |
14 Years 2 Months |
0 |
No |
|
|
MAIN STREET 350 (PTY)LTD |
M2005/026562/07 |
In Business |
8 Years 8 Months |
0 |
No |
|
|
MAIN STREET 460 (PTY)LTD |
M2006/021404/07 |
In Business |
7 Years 7 Months |
0 |
No |
|
|
MINERAIS HOLDINGS (PTY)LTD |
M1999/006521/07 |
In Business |
14 Years 2 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 1937 LTD |
M1937/009964/06 |
In Business |
76 Years 4 Months |
0 |
No |
|
|
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 |
|
|
CERAMOX (PTY)LTD |
M2000/027163/07 |
In Business |
13 Years 1 Months |
0 |
No |
|
|
D SACCO ASHMOLEDALES |
4009225057006 |
|
Unknown |
0 |
No |
|
|
ERF 1263 PARKVIEW EXTENSION 1 (PTY)LTD |
M2005/024880/07 |
In Business |
8 Years 8 Months |
0 |
No |
|
|
ERVEN 27 AND 28 ILLOVO (PTY)LTD |
M2001/000388/07 |
In Business |
0 |
0 |
No |
|
|
LISTURA INVESTMENTS (PTY)LTD |
M2008/019411/07 |
In Business |
6 Years 6 Months |
0 |
No |
|
|
MALLS TILES (PTY)LTD |
M1978/003566/07 |
In Business |
0 |
0 |
No |
|
Principal Previous
Business Interests
Average Age of Previous Business 48
Years
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
ASSOCIATED ASBESTOS LTD |
M1938/011745/06 |
Deregistration Final |
75 Years 3 Months |
0 |
No |
|
|
FERALLOYS LTD |
M1957/000311/06 |
Deregistration Final |
56 Years 8 Months |
0 |
No |
|
|
LAGERDRAAI ASBESTOS LTD |
M1905/028741/06 |
Deregistration Final |
65 Years 5 Months |
0 |
No |
|
|
RUSTENBURG MINERALS DEVELOPMENT COMPANY (PTY)LTD |
M1968/002462/07 |
In Business |
45 Years 9 Months |
0 |
No |
|
|
SOUTH AFRICAN
CORUNDUM COMPANY LTD |
M1940/014161/06 |
Deregistration Final |
73 Years 1 Months |
0 |
No |
|
|
WILLOWBROOK RETIREMENT VILLAGE |
M1998/002377/08 |
In Business |
15 Years 3 Months |
0 |
No |
|
|
WONDERSTONE LTD |
M1935/006371/06 |
In Business |
78 Years 6 Months |
0 |
No |
|
|
WRV PROPERTY FOUNDATION |
M1986/003882/08 |
In Business |
27 Years 3 Months |
0 |
No |
|
|
A M T INVESTMENTS (PTY)LTD |
M1976/000849/07 |
In Business |
37 Years 1 Months |
0 |
No |
|
|
PRETEEN CC |
B2004/091492/23 |
Deregistration Final |
10 Years 10 Months |
0 |
No |
|
Principal Deeds
Information
|
Property Interests for
HASSAN D MOLL |
|||
|
Title Deed No. |
T11286/2010 |
Erf/Site No. |
|
|
Deeds Office |
PRETORIA |
Physical Address |
82 9TH HYDE PARK SANDTON |
|
Property Type |
Freehold |
Extent / Size |
4594.0SQM |
|
Purchase Date |
2009/09/25 |
Purchase price |
|
|
% Ownership |
0.00 |
Bond Holder |
|
|
Property Interests for
HASSAN D MOLL |
|||
|
Title Deed No. |
T11286/2010 |
Erf/Site No. |
|
|
Deeds Office |
PRETORIA |
Physical Address |
40 KILLARNEY HYDE PARK SANDTON |
|
Property Type |
Freehold |
Extent / Size |
3964.0SQM |
|
Purchase Date |
2009/09/25 |
Purchase price |
|
|
% Ownership |
0.00 |
Bond Holder |
|
Property Interests for HASSAN D MOLL
|
Title Deed No. |
T11286/2010 |
Erf/Site No. |
|
|
Deeds Office |
PRETORIA |
Physical Address |
128 9TH HYDE PARK SANDTON |
|
Property Type |
Freehold |
Extent / Size |
5329.0SQM |
|
Purchase Date |
2009/09/25 |
Purchase price |
|
|
% Ownership |
0.00 |
Bond Holder |
|
Principal - 2 of 2
DAWOOD MALL
|
Surname |
MALL |
|
First Name |
DAWOOD |
|
ID Number |
4107175096055 |
|
Verified ID Number |
Yes |
|
Current Age |
72 Years 8 Months |
|
Status |
Active |
|
Appointment Date |
1978/09/15 |
|
Physical Address (at time of Appointment) |
91 SILVERGROVE, 88 MUSGRAVE ROAD, MUSGRAVE, 4092 |
|
Postal Address |
3/9 GARTH ROAD, MAYVILLE, 4091 |
|
Current Tel Number |
0312076451 |
|
Shareholding/Membership |
0.00 |
Principal's
Adverse - No information on record
Business Information
for DAWOOD MALL
Principal Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
LEOPARD''S BUSH HOME OWNERS ASSOCIATION |
M2003/031091/08 |
In Business |
10 Years 10 Months |
0 |
No |
|
|
ORE AND METAL COMPANY LTD |
M1930/002363/06 |
In Business |
83 Years 11 Months |
0 |
No |
|
|
FREEDOM TILES (PTY)LTD |
M1992/004282/07 |
In Business |
22 Years 10 Months |
0 |
No |
|
|
LETS TRADE 1089 CC |
B1998/043052/23 |
In Business |
16 Years 4 Months |
0 |
No |
|
|
LISTURA INVESTMENTS (PTY)LTD |
M2008/019411/07 |
In Business |
6 Years 6 Months |
0 |
No |
|
|
MALLS TILES (PTY)LTD |
M1978/003566/07 |
In Business |
0 |
0 |
No |
|
|
TILE CORPORATION (PTY)LTD |
M2009/012928/07 |
In Business |
5 Years 5 Months |
0 |
No |
|
Principal Previous Business Interests
Average Age of Previous Business 29 Years
|
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 |
|
|
AFRICAN TILE MERCHANTS (PTY)LTD |
M1985/000977/07 |
Deregistration Final |
29 Years 5 Months |
0 |
No |
|
|
ARCHITECTURAL TILES (PTY)LTD |
M2002/025373/07 |
Deregistration Final |
|
0 |
No |
|
|
GARTH ROAD (PTY)LTD |
M1992/004979/07 |
Deregistration Final |
22 Years 10 Months |
0 |
No |
|
|
YALE REAL ESTATE (PTY)LTD |
M1991/001447/07 |
In Business |
23 Years 11 Months |
0 |
No |
|
|
YALE REAL ESTATE LTD |
1991/001447/06 |
In Business |
23 Years 11 Months |
0 |
No |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.95 |
|
UK Pound |
1 |
Rs.101.37 |
|
Euro |
1 |
Rs.84.89 |
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.