|
Report Date : |
17.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
HORSEMAN''S HAVEN
CC |
|
|
|
|
Registered Office : |
Shop 24 The Leaping Frogshoping Centre, Cnr William Nicol Drive And Mulbarton
Avenue, 2058 |
|
|
|
|
Country : |
South Africa |
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|
|
|
Date of Incorporation : |
05.04.1993 |
|
|
|
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Com. Reg. No.: |
B1993/008639/23 |
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|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
· Manufacturer, retailer and wholesaler of finest quality saddlers & Riding Accessories Manufacturer of other general goods of leather,
substitutes & saddler Subject
product ranges includes : Bits Boots & Bandages Bridles & Tack Gifts, Books & DVDs Halters & Accessories Horse Care (Veterinary) Horse Wear Leather Care Polo Rider Accessories Saddles & Saddle Accessories Stable & Grooming Accessories |
|
|
|
|
No of Employees : |
10 |
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 |
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|
|
|
Payment Behaviour : |
No Complaints |
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|
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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 |
HORSEMAN'S HAVEN CC |
|
Country |
South Africa |
|
Subject Contact Person |
POTHE JOANNOU - Director |
|
Assessment |
This is an established business. On investigation contact was made with POTHE JOANNOU the director who declined to assist with financial information. The subject is meeting commitments timeously with suppliers. Please see the available information on the subject below. |
|
Registered Name |
HORSEMAN''S HAVEN CC |
|
Trading as/ Division Name |
None |
|
Previous Name |
None |
|
Registration Number |
B1993/008639/23 |
|
Registration Date |
1993/04/05 |
|
Date Commenced Trading |
1993-04-05 |
|
Age of Business |
21 Years 1 Months |
|
History of Business |
The subject commenced trading as a new business in 1993 |
|
History of Principals |
There is 1 active principal within the subject |
|
Shareholders/Members/Partners of subject and % holding |
100% - POTHITI JOANNO |
|
Status |
In Business |
|
Operations Assessment |
Manufacturer, retailer and wholesaler of finest quality saddlers & Riding Accessories |
|
Industry/ Customers |
Private companies |
|
Export |
Unknown |
|
Import |
Yes |
|
Import Countries |
Belgium, India |
|
Major Industry Code / SICC |
31629 |
|
Definition of Code |
Manufacture of other general goods of leather, substitutes & saddlery |
|
Product details |
· Bits Boots & Bandages Bridles & Tack Gifts, Books & DVDs Halters & Accessories Horse Care (Veterinary) Horse Wear Leather Care Polo Rider Accessories Saddles & Saddle Accessories Stable & Grooming Accessories |
|
Head Office Physical Address |
SHOP 24 THE LEAPING FROGSHOPING CENTRE, CNR WILLIAM NICOL DRIVE AND MULBARTON AVENUE, 2058 |
|
Head Office Postal Address |
P O BOX 10114, FOURWAYS EAST, 2055 |
|
Current Tel Number |
0114653733 |
|
Cell Number |
Unavailable |
|
Current Fax Number |
0114672592 |
|
Current Email Address |
|
|
Web Site Address |
|
Company Registered Name |
PHD FINANCIAL SERVICES CC |
|
Trading Name |
None |
|
Registration Number |
B2006/050457/23 |
|
Physical Address |
912 ANTON STREET, MORELETAPARK, 0044 |
|
Postal Address |
P O BOX 40450, MORELETA RIDGE, 0044 |
|
Contact Person |
PAUL DENTON |
|
Contact Number |
0825052832 |
|
Email |
|
|
Principals |
1 |
|
Judgements Against Subject |
Unavailable |
|
Judgements Against Principals |
Unavailable |
|
Subject Verified as Client |
Yes |
|
Practice Number |
Unavailable |
|
VAT Number |
Unavailable |
|
Tax Number |
9514730150 |
|
BEE Status |
Unavailable |
|
Financial Year End |
February |
|
No of years in Business |
8 Years 2 Months |
|
Website |
Unavailable |
Previous Auditors Information - No Information on Record
|
Vat Number |
4600103131 |
|
Status |
ACTIVE |
|
Vat Liable Date |
1991/09/30 |
|
Tax Number |
9283068840 |
|
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 |
10 |
|
1. Salaried employees |
10 |
|
2. Waged employees |
--- |
|
3. Permanent employees |
10 |
Company Fleet Information - No Information on Record
|
Offices |
Offices |
|
Head Office Owned/ Rented |
Leased |
|
Rental Company |
GHI |
|
Bank |
Unavailable |
|
Lease Agreement |
Unavailable |
|
Type of Premises |
Shopping complex |
Branch Information - No Information on Record
Organisation Chart
|
Level |
Position |
Name |
Comment |
|
1 |
DIRECTOR |
POTHITI JOANNO |
|
Company Structure (Ownership)
Note:
One level up and all levels down
|
Holding |
Company |
Sub |
Comment |
|
100 % - POTHITI JOANNO |
HORSEMAN'S HAVEN CC |
NONE |
|
Key Deals - No
Information on Record
|
Trade Reference nr |
Supplier |
Contact |
Surety Value |
Notarial Bonds |
Comment |
|
1 |
LARY INTERIORS |
0112680329 |
|
|
|
|
2 |
TECH SHOCK |
0219768044 |
|
|
|
|
3 |
HOUSE AND COUNTRY |
0828550106 |
|
|
|
|
4 |
ALLISONS SADDLERY |
0333429576 |
|
|
|
|
Nr |
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
|
1 |
7 Years |
R100000.00 |
R100000 |
30 Days |
R 50000 |
30 Days |
Excellent account |
|
2 |
15 Years |
|
|
30 Days |
R100000 |
30 Days |
Good account.
The subject has an open account with the suppliers |
|
3 |
7 Years |
R100000.00 |
R100000 |
30 Days |
R 40000 |
30 Days |
Excellent account |
|
4 |
10 Years |
|
|
30 days |
R 50000 |
30 Days |
Good account.
The subject has an open account with the suppliers |
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 |
ROSETENVILLE |
|
Brach Code |
198765 |
|
Bank Account Number |
1915053994 |
|
Type of Account |
CURRENT |
|
Account Name |
HORSEMAN'S HAVEN CC |
|
Overdraft Facilities |
YES |
|
Bank Code |
B - For R 100 000 |
|
Bank Comment |
The subject's bankers consider them good for all 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 |
67 |
Active Principals
Principal - 1 of 1 POTHITI JOANNOU
|
Surname |
JOANNOU |
|
First Name |
POTHITI |
|
Other Names |
Unavailable |
|
ID Number |
4702200138102 |
|
Verified ID Number |
Yes |
|
Current Age |
67 Years 3 Months |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2007/02/28 |
|
Physical Address (at time of Appointment) |
18 PILANSBERG ST, GLENVISTA EXT.5, 2091 |
|
Postal Address |
P O BOX 10114, FOURWAYS, 2055 |
|
Current Tel Number |
0114322917 |
|
Cell number |
0824404369 |
|
Shareholding/Membership |
100 % |
Principal's
Adverse - No information on record
Business Information for POTHITI JOANNOU
Principal Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
HORSEMAN'S HAVE N CC |
B1993/008639/23 |
In Business |
21 Years 9 Months |
0 |
0 |
|
Principal's Previous
Business Interests - No information on record
Principal Deeds
Information
Property Interests
for POTHITI JOANNOU
|
Title Deed No. |
T45130/1989 |
Erf/Site No. |
2947 |
|
Deeds Office |
JOHANNESBURG |
Physical Address |
161 BELLAIRS JOHANNESBURG |
|
Property Type |
F |
Extent / Size |
1256900.00000000 |
|
Purchase Date |
1989/06/17 |
Purchase price |
R 0.00 |
|
% Ownership |
0.00 |
Bond Holder |
|
|
Bond Number |
B511041989 |
Bond Amount |
R 0.00 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.58.86 |
|
UK Pound |
1 |
Rs.98.82 |
|
Euro |
1 |
Rs.80.72 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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.