|
Report Date : |
08.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
MAZISTA
CAPE (PTY) LTD |
|
|
|
|
Registered Office : |
26
Marine Drive, Paardend Eiland, Cape Town, Western Cape, 7460 |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
04.07.2003 |
|
|
|
|
Com. Reg. No.: |
M2003/015646/07 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Import
and Distribute Natural Tiles |
|
|
|
|
No. of Employees |
35 |
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 – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
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 |
MAZISTA CAPE (PTY) LTD |
|
Country |
South
Africa |
|
Account
Review |
Recommended
Every 6 months |
|
Subject
Contact Person |
SHAHIEDA
PANDAY - Bookkeeper |
|
Assessment |
This
is an established business. On investigation contact was made with SHAHIEDA
PANDAY the bookkeeper who declined banking and financial information. The subject
is meeting commitments timeously with suppliers. Please see the available
information on the subject below. |
|
Registered
Name |
MAZISTA
CAPE (PTY)LTD |
|
Trading
as/ Division Name |
None |
|
Previous
Name |
None |
|
Date
of Name Change |
None |
|
Registration
Number |
M2003/015646/07 |
|
Registration
Date |
2003/07/04 |
|
Date
Commenced Trading |
2003-07-04 |
|
Age
of Business |
10
Years 10 Months |
|
History
of Business |
The
subject commenced trading as a new company in 2003. |
|
History
of Principals |
There
are 2 active directors within the company. |
|
Shareholders/Members/Partners
of subject and % holding |
Unavailable |
|
Authorised
Share Capital |
R1000.00 |
|
Issued
Share Capital/Members Contribution |
R
100.00 |
|
Status |
In
Business |
|
Operations
Assessment |
The
subjects main operation is to Import and Distribute Natural Tiles such as :
Limestone, Granite, Marble, Porcelain, Quartzite, Sandstone, Slate,
Terracotta, Travertine, Volcanic and Lava Rock, Vinyl, Ceramics |
|
Industry/
Customers |
The
construction industry |
|
Export |
Yes |
|
Export
Countries |
|
|
Import |
Yes |
|
Import
Countries |
|
|
Major
Industry Code / SICC |
61901 |
|
Definition
of Code |
GENERAL
WHOLESALE TRADE |
|
Head
Office Physical Address |
26
Marine Drive, Paardend Eiland, CAPE TOWN, WESTERN CAPE, 7460 |
|
Head
Office Postal Address |
PO
Box 496, Paarend Eiland, CAPE TOWN, 7460 |
|
Current
Tel Number |
0215116640 |
|
Cell
Number |
None |
|
Current
Fax Number |
0866068618 |
|
Current
Email Address |
|
|
Web
Site Address |
|
|
Comments |
|
|
Company
Registered Name |
ANDERSON
ROCHUSSEN VAN BIJL INCORPORATED |
|
Trading
Name |
ARB |
|
Registration
Number |
M1999/016240/21 |
|
Physical
Address |
6
Glenhove Road Ext, Melrose Estate, SANDTON, SOUTH AFRICA |
|
Postal
Address |
PO
Box 87583, HOUGHTON, 2041 |
|
Contact
Person |
LEON |
|
Contact
Number |
0118805966 |
|
Email |
|
|
Principals |
5 |
|
Judgements
Against Subject |
None
on record |
|
Judgements
Against Principals |
None
on record |
|
Subject
Verified as Client |
Yes |
|
Practice
Number |
927716E |
|
VAT
Number |
4030185203 |
|
Tax
Number |
9292444842 |
|
BEE
Status |
Unavailable |
|
Financial
Year End |
August |
|
No
of years in Business |
Unknown |
|
Website |
None |
|
Comment |
|
Previous Auditors Information - No Information on Record
|
Vat
Number |
4880218401 |
|
Status |
ACTIVE |
|
Vat
Liable Date |
2005/01/01 |
|
Tax
Number |
9526316154 |
|
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
Employees
|
Number
of Employees |
35 |
|
1.
Salaried employees |
18 |
|
2.
Waged employees |
17 |
|
3.
Permanent employees |
35 |
|
4.
Casual employees |
|
|
5.
Contracted employees |
|
|
Comment |
|
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 |
2
OCEANS CONSUMABLES |
0216857403 |
|
|
|
|
2 |
ADIAS |
0215303540 |
|
|
|
Trade References Detail
|
Nr |
Age
of Acc |
Credit
Limit |
Max
Credit |
Terms |
Average
Purchases |
Terms
Taken |
Comment |
|
1 |
5
Years |
|
R
1500 |
30
Days |
R
1000 |
30
Days |
Good
account |
|
2 |
7
Years |
|
|
30
Days |
R
2000 |
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 |
STANDARD
BANK |
|
Branch |
Unavailable |
|
Brach
Code |
051001 |
|
Bank
Account Number |
Unavailable |
|
Type
of Account |
Unavailable |
|
Account
Name |
Unavailable |
|
Overdraft
Facilities |
Unavailable |
|
Bank
Code |
Unavailable |
|
Bank
Comment |
Unavailable |
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 |
52 |
|
Active Principals Principal - 1 of 2 RONALD BLAIR |
|
|
Surname |
BLAIR |
|
First
Name |
RONALD |
|
Other
Names |
None |
|
Marital
Status |
|
|
ID
Number |
5405125030003 |
|
Verified
ID Number |
Yes |
|
Current
Age |
60
Years |
|
Designation |
BUSINESSMAN |
|
Status |
Active |
|
Appointment
Date |
|
|
Physical
Address (at time of Appointment) |
NO
3 ALFRED ROAD, RONDEBOSCH, 7700 |
|
Postal
Address |
P
O BOX 333, HONEYDEW, 2194 |
|
Current
Tel Number |
0215116640 |
|
Cell
number |
|
|
Shareholding/Membership |
0.00 |
Principal's Adverse - No information on record
Business Information for RONALD BLAIR
Principal Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
ASPEN
FLOORING (PTY)LTD |
M2010/003231/07 |
In
Business |
4
Years 4 Months |
0 |
No |
|
|
BEAURIVAGE
MINERAL CORPORATION (PTY)LTD |
M2006/000442/07 |
AR
Final Deregistration |
8
Years 8 Months |
0 |
No |
|
|
BRONITA PROPERTIES (PTY)LTD |
M1989/005838/07 |
In
Business |
25
Years 1 Months |
0 |
No |
|
|
COPPER
SLATE (PTY)LTD |
M2006/019595/07 |
In
Business |
8
Years 8 Months |
0 |
No |
|
|
CROSS
CUT CC |
B2002/068943/23 |
In
Business |
0 |
1 |
No |
|
|
MAZISTA
CAPE (PTY)LTD |
M2003/015646/07 |
In
Business |
11
Years 11 Months |
0 |
No |
|
|
MAZISTA
TILES (PTY)LTD |
M2003/020644/07 |
In
Business |
11
Years 11 Months |
0 |
No |
|
|
ONEPROPNORTHRI
DING (PTY)LTD |
M1997/011463/07 |
In
Business |
17
Years 5 Months |
0 |
No |
|
|
OPAL
RUBY HOLDINGS 16 (PTY)LTD |
M2010/017776/07 |
In
Business |
4
Years 4 Months |
0 |
No |
|
Principal Previous Business Interests
|
Company
Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
BAMBOO
ROCK 21 (PTY)LTD |
M2004/011547/07 |
Deregistration
Process |
10
Years 10 Months |
0 |
No |
|
|
CONTINENTAL
STONE (PTY)LTD |
M2006/033453/07 |
In
Business |
8
Years 8 Months |
0 |
No |
|
|
COUNTRY
SLATE (PTY)LTD |
M1995/000860/07 |
In
Business |
19
Years 7 Months |
0 |
No |
|
|
HARRILL
SEA FOODS (PTY)LTD |
M1996/016062/07 |
Deregistration
Final |
18
Years 6 Months |
0 |
No |
|
|
MAZISTA
COTTA CC |
B2002/102741/23 |
Deregistration
Final |
|
1 |
No |
|
|
MAZISTA
TRAVEL SERVICES (PTY)LTD |
M1989/002617/07 |
In
Business |
25
Years 1 Months |
0 |
No |
|
|
MEZIVAT
TILES (PTY)LTD |
M1979/000162/07 |
Deregistration
Final |
35
Years 11 Months |
1 |
No |
|
|
PERFORMANCE
ROOFING (PTY)LTD |
M1998/010202/07 |
Deregistration
Final |
16
Years 4 Months |
0 |
No |
|
|
RIVERBED
STONE (PTY)LTD |
M2004/024085/07 |
Deregistration
Final |
10
Years 10 Months |
0 |
No |
|
|
RIVETPROPS
46 (PTY)LTD |
M1995/009631/07 |
In
Business |
19
Years 7 Months |
1 |
No |
|
|
SANDY
CABIN (PTY)LTD |
M1998/011917/07 |
Deregistration
Final |
16
Years 4 Months |
0 |
No |
|
|
SARINGA
SLATE (PTY)LTD |
M1999/016400/07 |
In
Business |
15
Years 3 Months |
0 |
No |
|
|
STONE
LAND (PTY)LTD |
M1974/000135/07 |
Deregistration
Final |
40
Years 4 Months |
0 |
No |
|
|
THE
SLATE HAVEN CC |
B1991/024331/23 |
Deregistration
Final |
23
Years 11 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 |
|
Principal Deeds Information
|
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 |
|
|
Comment |
|
||
Principal - 2 of 2 MICHAEL TULLY
|
Surname |
TULLY |
|
First
Name |
MICHAEL |
|
Other
Names |
JAMES |
|
Marital
Status |
|
|
ID
Number |
7010175104084 |
|
Verified
ID Number |
Yes |
|
Current
Age |
43
Years 7 Months |
|
Designation |
BUSINESSMAN |
|
Status |
Active |
|
Appointment
Date |
|
|
Physical
Address (at time of Appointment) |
35
PLUMBAGO WAY, SIMBITHI ECO ESTATE, BALLITO, 4420 |
|
Postal
Address |
PO
BOX 333, HONEYDEW, HONEYDEW, 2040 |
|
Current
Tel Number |
0119982600 |
|
Cell
number |
0832264600 |
|
Shareholding/Membership |
0.00 |
Principal's Adverse - No information on record
Business Information for MICHAEL TULLY
Principal Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
AMA
CASA PROPS 118 (PTY)LTD |
M2006/036283/07 |
In
Business |
8
Years 8 Months |
0 |
No |
|
|
BEAURIVAGE
MINERAL CORPORATION (PTY)LTD |
M2006/000442/07 |
AR
Final Deregistration |
8
Years 8 Months |
0 |
No |
|
|
BRONITA PROPERTIES (PTY)LTD |
M1989/005838/07 |
In
Business |
25
Years 1 Months |
0 |
No |
|
|
COPPER
SLATE (PTY)LTD |
M2006/019595/07 |
In
Business |
8
Years 8 Months |
0 |
No |
|
|
CROSS
CUT CC |
B2002/068943/23 |
In
Business |
0 |
1 |
No |
|
|
DURBAN
TILING SERVICES (PTY)LTD |
M2009/008782/07 |
In
Business |
5
Years 5 Months |
0 |
No |
|
|
LETATAPROP
1 (PTY)LTD |
M1949/032615/07 |
In
Business |
65
Years 5 Months |
0 |
No |
|
|
MALLORY
TRADE 43 (PTY)LTD |
M2010/022138/07 |
In
Business |
4
Years 4 Months |
0 |
No |
|
|
MAZISTA
CAPE (PTY)LTD |
M2003/015646/07 |
In
Business |
11
Years 11 Months |
0 |
No |
|
|
MAZISTA
TILES (PTY)LTD |
M2003/020644/07 |
In
Business |
11
Years 11 Months |
0 |
No |
|
|
ONEPROPNORTHRI
DING (PTY)LTD |
M1997/011463/07 |
In
Business |
17
Years 5 Months |
0 |
No |
|
|
OPAL
RUBY HOLDINGS 16 (PTY)LTD |
M2010/017776/07 |
In
Business |
4
Years 4 Months |
0 |
No |
|
|
TILE
PLACE (PTY)LTD |
M2009/009462/07 |
In
Business |
5
Years 5 Months |
0 |
No |
|
Principal Previous Business Interests
|
Company
Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
BRYFAM
CC |
B1999/047724/23 |
In
Business |
15
Years 3 Months |
0 |
No |
|
|
CAVITE
PROPERTIES CC |
B1989/030056/23 |
Deregistration
Final |
25
Years 1 Months |
0 |
No |
|
|
CONTINENTAL
STONE (PTY)LTD |
M2006/033453/07 |
In
Business |
8
Years 8 Months |
0 |
No |
|
|
COUNTRY
SLATE (PTY)LTD |
M1995/000860/07 |
In
Business |
19
Years 7 Months |
0 |
No |
|
|
HARRILL
SEA FOODS (PTY)LTD |
M1996/016062/07 |
Deregistration
Final |
18
Years 6 Months |
0 |
No |
|
|
MAZISTA
COTTA CC |
B2002/102741/23 |
Deregistration
Final |
|
1 |
No |
|
|
MAZISTA
TRAVEL SERVICES (PTY)LTD |
M1989/002617/07 |
In
Business |
25
Years 1 Months |
0 |
No |
|
|
MEZIVAT
TILES (PTY)LTD |
M1979/000162/07 |
Deregistration
Final |
35
Years 11 Months |
1 |
No |
|
|
PERFORMANCE
ROOFING (PTY)LTD |
M1998/010202/07 |
Deregistration
Final |
16
Years 4 Months |
0 |
No |
|
|
RIVERBED
STONE (PTY)LTD |
M2004/024085/07 |
Deregistration
Final |
10
Years 10 Months |
0 |
No |
|
|
RIVETPROPS
46 (PTY)LTD |
M1995/009631/07 |
In
Business |
19
Years 7 Months |
1 |
No |
|
|
SANDY
CABIN (PTY)LTD |
M1998/011917/07 |
Deregistration
Final |
16
Years 4 Months |
0 |
No |
|
|
SARINGA
SLATE (PTY)LTD |
M1999/016400/07 |
In
Business |
15
Years 3 Months |
0 |
No |
|
|
STONE
LAND (PTY)LTD |
M1974/000135/07 |
Deregistration
Final |
40
Years 4 Months |
0 |
No |
|
Principal Deeds Information
|
Property
Interests for MICHAEL TULLY |
|||
|
Title
Deed No. |
T27888/2010 |
Erf/Site
No. |
|
|
Deeds
Office |
PIETERMARITZBURG |
Physical
Address |
|
|
Property
Type |
Freehold |
Extent
/ Size |
1500.0SQM |
|
Purchase
Date |
2010/06/24 |
Purchase
price |
|
|
%
Ownership |
0.00 |
Bond
Holder |
|
|
Bond
Number |
|
Bond
Amount |
|
|
Comment |
|
||
|
Property
Interests for MICHAEL TULLY |
|||
|
Title
Deed No. |
T15768/2012 |
Erf/Site
No. |
|
|
Deeds
Office |
PIETERMARITZBURG |
Physical
Address |
|
|
Property
Type |
Freehold |
Extent
/ Size |
1514.0SQM |
|
Purchase
Date |
2012/02/17 |
Purchase
price |
|
|
%
Ownership |
0.00 |
Bond
Holder |
ABSA
BANK LIMITED |
|
Bond
Number |
B90632012 |
Bond
Amount |
|
|
Comment |
|
||
Property
Interests for MICHAEL TULLY
|
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 |
|
|
Comment |
|
||
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.04 |
|
|
1 |
Rs.101.97 |
|
Euro |
1 |
Rs.83.58 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NIS |
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.