|
Report Date : |
10.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
25AM (PTY) LTD |
|
|
|
|
Formerly Known As : |
ACCELERATION
MEDIA (PTY) LTD |
|
|
|
|
Registered Office : |
7TH Floor,
9 Jamieson Street, Cape Town, 8001 P O Box 862, Cape Town, 8000 |
|
|
|
|
Country : |
South
Africa |
|
|
|
|
Date of Incorporation : |
16.03.2006 |
|
|
|
|
Com. Reg. No.: |
M2006/007927/07 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Subjects
main operation is digital ingagement agency, involved with online marketing |
|
|
|
|
No. of Employees : |
33 |
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 |
25AM (PTY)LTD |
|
Country |
South
Africa |
|
Subject
Contact Person |
BIANCA
BRAUM - Financial Director |
|
Assessment |
This
is an established business. On investigation contact was made with BIANCA BRAUM
the financial director. The subject is meeting commitments timeously with
suppliers. We obtained a bank code C for R 200 000 over a period of 30 days.
Please see the available information on the subject below. |
|
Registered
Name |
25AM (PTY) LTD |
|
Trading
as/ Division Name |
None |
|
Previous
Name |
Acceleration
Media (PTY) LTD |
|
Date
of Name Change |
2013-11-27 |
|
Registration
Number |
M2006/007927/07 |
|
Registration
Date |
2006/03/16 |
|
Date
Commenced Trading |
2006-03-16 |
|
Age
of Business |
8
Years 2 Months |
|
History
of Business |
The
subject commenced trading as a new company in 2006. It underwent a name
change in 2013 from ACCELERATION MEDIA (PTY) LTD to the current. |
|
History
of Principals |
There
are 4 active directors within the company. |
|
Shareholders/Members/Partners
of subject and % holding |
50
% - LAGARDERE, 50 % - AMOPHOUS MEDIA |
|
Authorised
Share Capital |
|
|
Issued
Share Capital/Members Contribution |
|
|
Status |
In
Business |
|
Operations
Assessment |
The
subjects main operation is digital ingagement agency, involved with online
marketing |
|
Industry/
Customers |
The
financial and tourism industries |
|
Export |
Unknown |
|
Export
Countries |
|
|
Import |
Unknown |
|
Import
Countries |
|
|
Major
Industry Code / SICC |
32490 |
|
Definition
of Code |
|
|
Head
Office Physical Address |
7TH
FLOOR, 9 JAMIESON STREET, CAPE TOWN, 8001 |
|
Head
Office Postal Address |
P
O BOX 862, CAPE TOWN, 8000 |
|
Current
Tel Number |
0214873160 |
|
Cell
Number |
0827305199 |
|
Current
Fax Number |
0214873161 |
|
Current
Email Address |
|
|
Web
Site Address |
|
|
Comments |
It
was advised that the address provided below is for the subjects secretarial
Company, therefore the subject uses its head office address namely :1
WATERFRONT MEWS, CENTURY BOULEVARD, CAPE TOWN, 8000 |
|
Company
Registered Name |
PRICEWATERHOUSECOPERS
INC |
|
Trading
Name |
None |
|
Registration
Number |
1998/012055/21 |
|
Physical
Address |
1
WATERHOUSE PLACE, CENTURY CITY, 7441 |
|
Postal
Address |
PRIVATE
BAG X36, SUNNINGHILL, 2157 |
|
Contact
Person |
ANITA
STEMMET |
|
Contact
Number |
0215292098 |
|
Email |
|
|
Principals |
288 |
|
Judgements
Against Subject |
|
|
Judgements
Against Principals |
|
|
Subject
Verified as Client |
Yes |
|
Practice
Number |
906670 |
|
VAT
Number |
4950174682 |
|
Tax
Number |
9343032844 |
|
BEE
Status |
Unavailable |
|
Financial
Year End |
June |
|
No
of years in Business |
6
Years |
|
Website |
Unavailable |
|
Comment |
|
Previous Auditors Information - No Information on Record
|
Vat
Number |
4760227456 |
|
Status |
ACTIVE |
|
Vat
Liable Date |
2006/04/01 |
|
Tax
Number |
9263179161 |
|
Tax
Clearance Expire Date |
|
|
Financial
Year End |
June |
|
Comment |
|
|
Black
Economic Empowerment |
|
|
Status |
Yes |
|
Score |
2.00 |
|
Expire
Date |
Dec
16 2014 |
|
BEE
Certificate Available |
|
|
Comment |
|
|
|
|
|
ISO Information - No Information on Record |
|
|
Workman's
compensation |
|
|
Registered |
Yes |
|
Compliance
Certified |
Yes |
|
Comment |
|
Subsidiaries Information - No Information on Record
|
Employees |
|
|
Number
of Employees |
33 |
|
1.
Salaried employees |
|
|
2.
Waged employees |
|
|
3.
Permanent employees |
31 |
|
4.
Casual employees |
2 |
|
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
|
Holding |
Company |
Sub |
Comment |
|
50%
-LAGARDERE |
25AM
(PTY) LTD |
NONE |
|
Key Deals - No Information on Record
|
Trade
Reference nr |
Supplier |
Contact |
Surety
Value |
Notarial
Bonds |
Comment |
|
1 |
SPACE
STATION |
0214688001 |
|
|
|
|
2 |
PRI
MEDIA |
0214866900 |
|
|
|
|
3 |
APURIMAX
MEDIA |
0214103300 |
|
|
|
Trade References Detail
|
Nr |
Age
of Acc |
Credit
Limit |
Max
Credit |
Terms |
Average
Purchases |
Terms
Taken |
Comment |
|
1 |
8
Years |
R1000000.00 |
R1000000 |
45
Days |
|
45
Days |
Good
account. the supplier declined to assist
with the average purchases |
|
2 |
4
Years |
R
350000.00 |
R
350000 |
45
Days |
R
200000 |
45
Days |
Good
account |
|
3 |
6
Years |
|
|
45
Days |
R100000 |
45
Days |
Good
account. the subject has an open account with the suppliers |
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 |
THIAULT
SQUARE |
|
Brach
Code |
051001 |
|
Bank
Account Number |
072803134 |
|
Type
of Account |
CURRENT |
|
Account
Name |
25AM
(PTY) LTD |
|
Overdraft
Facilities |
|
|
Bank
Code |
C
FOR 200000 |
|
Bank
Comment |
The
subject's bankers consider them good for all business normal engagements |
Bank Code History - No Information on Record
Previous Bank Account Information - No Information on Record
Deeds Information - No information on record
|
CURRENT
ASSETS |
|
|
Stock |
|
|
Debtors |
|
|
FIXED
ASSETS |
|
|
Plant,
Equipment, Vehicles |
|
|
Property |
|
|
CURRENT
LIABILITIES |
|
|
Creditors |
|
|
Loans/
From? |
|
|
Loan
Details |
|
|
LONG
TERM LIABILITIES |
|
|
Morgage
Bonds |
|
|
Previous
Year Turnover |
|
|
Estimated
Current Year Turnover |
|
|
Current
Turnover per month |
R
3750000.00 |
|
Current
Turnover per annum |
R
45000000.00 |
|
Comment |
|
|
Please
note the following: |
|
|
Turnover
and assets less than R 1,000,000.00 |
The
subject falls within the National Credit Act |
|
Turnover
and assets less than R 2,000,000.00 |
The
subject falls within the Consumer Protection Act |
|
Number
of Principals |
4 |
|
Average
Age of Active Principals |
50 |
|
Active Principals Principal - 1 of 4 DANIEL GALINSKI |
|
|
Surname |
GALINSKI |
|
First
Name |
DANIEL |
|
Other
Names |
SIMON
BORIS |
|
Marital
Status |
|
|
ID
Number |
6909220000000 |
|
Verified
ID Number |
No |
|
Current
Age |
44
Years 8 Months |
|
Designation |
BUSINESSMAN |
|
Status |
Active |
|
Appointment
Date |
2012/03/30 |
|
Physical
Address (at time of Appointment) |
62
RUE VIOLET, 75015 PARIS, FRANCE, 0000 |
|
Postal
Address |
62
RUE VIOLET, 75015 PARIS, FRANCE, 0000 |
|
Current
Tel Number |
|
|
Cell
number |
|
|
Shareholding/Membership |
0.00 |
Business Information for DANIEL GALINSKI Principal Current
Business Interests
|
Company
Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
|
25
AM (PTY)LTD |
M2006/007927/07 |
In
Business |
8
Years 8 Months |
0 |
No |
Principal Previous Business Interests
|
Company
Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
|
UNIT
63 SANTANA CC |
B1999/029756/23 |
Deregistration
Final |
14
Years 2 Months |
0 |
No |
Principal - 2 of 4 MARC MENASE
|
Surname |
MENASE |
|
First
Name |
MARC |
|
Other
Names |
ARTHUR |
|
Marital
Status |
|
|
ID
Number |
8207270000000 |
|
Verified
ID Number |
No |
|
Current
Age |
31
Years 10 Months |
|
Designation |
BUSINESSMAN |
|
Status |
Active |
|
Appointment
Date |
2010/04/01 |
|
Physical
Address (at time of Appointment) |
112
RUE DE RICHELEIU, 75002, PARIS, FRANCE, 0000 |
|
Postal
Address |
LAGARDERE
ACTIVE, 25 ACTIVE RUE FRANCOIS 1ER, 75008, PARIS, 0000 |
|
Current
Tel Number |
|
|
Cell
number |
|
|
Shareholding/Membership |
0.00 |
Business Information for MARC MENASE
Principal Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
|
25
AM (PTY)LTD |
M2006/007927/07 |
In
Business |
8
Years 8 Months |
0 |
No |
|
VIKING COMMUNICATIONS
CC |
B1998/072535/23 |
In
Business |
15
Years 3 Months |
0 |
No |
Principal Previous Business Interests
|
Company
Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
|
COATIQUE
(PTY)LTD |
M1999/026316/07 |
Dissolved |
14
Years 2 Months |
0 |
No |
|
TENSHARE
CC |
B1998/017879/23 |
Deregistration
Final |
15
Years 3 Months |
0 |
No |
Principal - 3 of 4 MERVYN
VAN ZYL
|
Surname |
VAN
ZYL |
|
First
Name |
MERVYN |
|
Other
Names |
ROY |
|
Marital
Status |
|
|
ID
Number |
6311265181086 |
|
Verified
ID Number |
Yes |
|
Current
Age |
50
Years 6 Months |
|
Designation |
CHARTERED
MANAGEMENT ACCOUNTANT |
|
Status |
Active |
|
Appointment
Date |
2010/04/01 |
|
Physical
Address (at time of Appointment) |
4
HAZEL ROAD, ILLOVO BOULEVARD, ILLOVO, 2196 |
|
Postal
Address |
PO
BOX 724, NORTHLANDS, GAUTENG, 2116 |
|
Current
Tel Number |
0115370606 |
|
Cell
number |
0824175506 |
|
Shareholding/Membership |
0.00 |
Business Information for MERVYN VAN ZYL
Principal Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
25
AM (PTY)LTD |
M2006/007927/07 |
In
Business |
8
Years 8 Months |
0 |
No |
|
|
CENTRAL
MEDIA GROUP (PTY)LTD |
M1996/008441/07 |
In
Business |
18
Years 6 Months |
0 |
No |
|
|
EAST
COAST RADIO (PTY)LTD |
M1996/008147/07 |
In
Business |
18
Years 6 Months |
0 |
No |
|
|
GLOO
DIGITAL DESIGN (PTY)LTD |
M1998/000017/07 |
In
Business |
16
Years 4 Months |
0 |
No |
|
|
HEINEMANN HIGHER
AND FURTHER EDUCATION (PTY)LTD |
M1983/010456/07 |
Deregistration
Process |
31
Years 7 Months |
0 |
No |
|
|
IMFUNDO INVESTMENTS (PTY)LTD |
M2004/021093/07 |
In
Business |
10
Years 10 Months |
0 |
No |
|
|
JACARANDA
FM (PTY)LTD |
M1995/009190/07 |
In
Business |
19
Years 7 Months |
0 |
No |
|
|
JACARANDA
FM COMMUNITY TRUST |
M2011/002274/08 |
In
Business |
3
Years 3 Months |
0 |
No |
|
|
JUTA
AND COMPANY LTD |
M1919/001812/06 |
In
Business |
95
Years 11 Months |
0 |
No |
|
|
JUTA INVESTMENTS
(PTY)LTD |
M1980/000161/07 |
In
Business |
34
Years 10 Months |
0 |
No |
|
|
JUTA
PROPERTY (PTY)LTD |
M2009/009110/07 |
In
Business |
5
Years 5 Months |
0 |
No |
|
|
KAGISO BROADCASTING
(PTY)LTD |
M1996/014875/07 |
In
Business |
18
Years 6 Months |
0 |
No |
|
|
KAGISO
ITV SOUTH AFRICA (PTY)LTD |
M2010/001631/07 |
In
Business |
4
Years 4 Months |
0 |
No |
|
|
KAGISO
MEDIA INVESTMENTS (PTY)LTD |
M1997/008587/07 |
In
Business |
17
Years 5 Months |
0 |
No |
|
|
KAGISO
MEDIA LTD |
M1957/000036/06 |
In
Business |
57
Years 9 Months |
0 |
No |
|
|
KAGISO
NEW MEDIA (PTY)LTD |
M2000/006920/07 |
In
Business |
14
Years 2 Months |
0 |
No |
|
|
KNOWLEDGE FACTORY (PTY)LTD |
M2010/020642/07 |
In
Business |
4
Years 4 Months |
0 |
No |
|
|
MOBIL
ALLIANCE MEDIA AND TECHNOLOGY (PTY)LTD |
M2007/032003/07 |
In
Business |
7
Years 7 Months |
0 |
No |
|
|
WINDFALL
2 PROPERTIES (PTY)LTD |
M2007/022599/07 |
In
Business |
7
Years 7 Months |
0 |
No |
|
Principal Previous Business Interests
|
Company
Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
AERIOS
(PTY)LTD |
M1998/024353/07 |
In
Business |
16
Years 4 Months |
0 |
No |
|
|
HEINEMANN
PUBLISHERS (PTY)LTD |
M1952/000461/07 |
In
Business |
62
Years 2 Months |
0 |
No |
|
|
KAGISO
MEDIA HOLDINGS (PTY)LTD |
M2003/000815/07 |
Deregistration
Final |
11
Years 11 Months |
0 |
No |
|
|
LEXISNEXIS
(PTY)LTD |
M1991/005175/07 |
In
Business |
23
Years 11 Months |
0 |
No |
|
|
LEXISNEXIS
RISK MANAGEMENT (PTY)LTD |
M1990/004046/07 |
In
Business |
|
0 |
No |
|
|
LITTLE
SWIFT INVESTMENTS 36 (PTY)LTD |
M2003/025396/07 |
Deregistration
Final |
11
Years 11 Months |
0 |
No |
|
|
MEDIAMARK
(PTY)LTD |
M1996/004747/07 |
In
Business |
18
Years 6 Months |
0 |
No |
|
|
NALEDI
MEDIA INVESTMENT HOLDINGS (PTY)LTD |
M1996/009897/07 |
Deregistration
Final |
18
Years 6 Months |
0 |
No |
|
|
REED
ELSEVIER SOUTH AFRICA (PTY)LTD |
M1996/017116/07 |
In
Business |
18
Years 6 Months |
0 |
No |
|
|
SPORT
ON MW (PTY)LTD |
M2007/004170/07 |
Deregistration
Final |
7
Years 7 Months |
0 |
No |
|
Principal Deeds Information Property
Interests for MERVYN VAN ZYL
|
Title
Deed No. |
ST41643/2008 |
Erf/Site
No. |
797,0 |
|
Deeds
Office |
PRETORIA |
Physical
Address |
338
MAIN FERNDALE RANDBURG |
|
Property
Type |
Sectional
Title |
Extent
/ Size |
53.0SQM |
|
Purchase
Date |
2007/07/17 |
Purchase
price |
|
|
%
Ownership |
0.00 |
Bond
Holder |
STANDARD
BANK OF SOUTH AFRICA L |
|
Bond
Number |
SB436112008 |
Bond
Amount |
|
|
Comment |
|
||
|
Title
Deed No. |
T77390/2012 |
Erf/Site
No. |
|
|
Deeds
Office |
PRETORIA |
Physical
Address |
NORTH
RIDING RANDBURG |
|
Property
Type |
Freehold |
Extent
/ Size |
443.0SQM |
|
Purchase
Date |
2012/07/31 |
Purchase
price |
|
|
%
Ownership |
0.00 |
Bond
Holder |
FIRSTRAND
BANK LTD |
|
Bond
Number |
B463402012 |
Bond
Amount |
|
|
Comment |
|
||
ANDREW MANDERSTAM
|
Surname |
MANDERSTAM |
|
First
Name |
ANDREW |
|
Other
Names |
STEPHEN |
|
Marital
Status |
|
|
ID
Number |
4612090000000 |
|
Verified
ID Number |
No |
|
Current
Age |
71
Years 5 Months |
|
Designation |
BUSINESSMAN |
|
Status |
Active |
|
Appointment
Date |
2008/02/01 |
|
Physical
Address (at time of Appointment) |
28
BOULEVARD MAILLOT, 02200 NEUILLY, 0000 |
|
Postal
Address |
EUROPE
1 COMMUNICATION, 25 RUE FRANCOIS 1, 75008 PARIS, FRANCE, 0000 |
|
Current
Tel Number |
|
|
Cell
number |
|
|
Shareholding/Membership |
0.00 |
Business Information for ANDREW MANDERSTAM
Principal Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
|
25
AM (PTY)LTD |
M2006/007927/07 |
In
Business |
8
Years 8 Months |
0 |
No |
|
JACARANDA
FM (PTY)LTD |
M1995/009190/07 |
In
Business |
19
Years 7 Months |
0 |
No |
|
MEDIAMARK
(PTY)LTD |
M1996/004747/07 |
In
Business |
18
Years 6 Months |
0 |
No |
|
TSHWANE98
POINT 9 (PTY)LTD |
M2009/008203/07 |
In
Business |
5
Years 5 Months |
0 |
No |
Principal Previous Business Interests
|
Company
Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
|
RICHGROVE
UNIT 42 INVESTMENTS CC |
B1996/052692/23 |
Deregistration
Final |
17
Years 5 Months |
0 |
No |
|
RICHGROVE
UNIT 79 INVESTMENTS CC |
B1996/052654/23 |
Deregistration
Final |
17
Years 5 Months |
0 |
No |
Principal Deeds Information Property
Interests for ANDREW MANDERSTAM
|
Title
Deed No. |
ST37395/2003 |
Erf/Site
No. |
3119,0 |
|
Deeds
Office |
PRETORIA |
Physical
Address |
15
BANTRY BRYANSTON SANDTON |
|
Property
Type |
Sectional
Title |
Extent
/ Size |
97.0SQM |
|
Purchase
Date |
2003/01/13 |
Purchase
price |
|
|
%
Ownership |
0.00 |
Bond
Holder |
NEDBANK
LTD |
|
Bond
Number |
SB247602003 |
Bond
Amount |
|
|
Comment |
|
||
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.05 |
|
|
1 |
Rs.101.65 |
|
Euro |
1 |
Rs.83.07 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
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.