|
Report Date : |
11.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
INTERNATIONAL SLAB SALES (AFRICA) (PTY) LTD |
|
|
|
|
Registered Office : |
69
Serenade Road, Elandsfontein, Germiston, 1429, Po Box 14336, Witfield, 1467 |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
13.08.2004 |
|
|
|
|
Com. Reg. No.: |
M2004/022986/07 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
The
subject is wholesalers and suppliers of quarts granite, marble and sintered
porcelain surfaces of kitchens and bathrooms. |
|
|
|
|
No of Employees : |
145 |
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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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 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 |
INTERNATIONAL SLAB SALES (AFRICA) (PTY)LTD |
|
Country |
South Africa |
|
Subject Contact Person |
MARINA DASILVA - FINANCIAL MANAGER |
|
Assessment |
This is an established business. On investigation contact
was made with MARINA DA SILVA the financial manager. The subject is meeting
commitments timeously with suppliers. We are awaiting a bank code for R 6 000
000 over a period of 30 days. Please see the available information on the
subject below. |
|
Registered Name |
INTERNATIONAL SLAB SALES (AFRICA) (PTY)LTD |
|
Trading as/ Division Name |
NONE |
|
Previous Name |
TUNNEY EXT 9 PROPERTIES |
|
Date of Name Change |
2014-04-14 |
|
Registration Number |
M2004/022986/07 |
|
Registration Date |
2004/08/13 |
|
Date Commenced Trading |
2004-08-13 |
|
Age of Business |
10 Years 1 Months |
|
History of Business |
The subject commenced trading as a new company in 2004. |
|
History of Principals |
There are 4 active directors within the company |
|
Shareholders/Members/Partners of subject and % holding |
65
% - THE BLUE RICH TRUST, 35 % - BKC FAMILY TRUST |
|
Authorised Share Capital |
|
|
Issued Share Capital/Members Contribution |
|
|
Status |
In Business |
|
Operations Assessment |
The
subject are wholesalers and suppliers of quarts granite, marble and sintered
porcelain surfaces of kitchens and bathrooms. |
|
Industry/ Customers |
The private sector |
|
Export |
None |
|
Export Countries |
|
|
Import |
None |
|
Import Countries |
|
|
Major Industry Code / SICC |
61391 |
|
Definition of Code |
Wholesale trade in household furniture, requisites and
appliances |
|
Head Office Physical Address |
69
SERENADE ROAD, ELANDSFONTEIN, GERMISTON, 1429 |
|
Head Office Postal Address |
PO BOX 14336, WITFIELD, 1467 |
|
Current Tel Number |
0118221350 |
|
Cell Number |
NONE |
|
Current Fax Number |
0118221701 |
|
Current Email Address |
|
|
Web Site Address |
|
|
Comments |
|
|
Company Registered Name |
UHY HELLMAN (SA) |
|
Trading Name |
None |
|
Registration Number |
Unavailable |
|
Physical Address |
Unavailable |
|
Postal Address |
P O BOX 47163, PARKLANDS, 2121 |
|
Contact Person |
CARLOS |
|
Contact Number |
0114478447 |
|
Email |
Unavailable |
|
Principals |
|
|
Judgements Against Subject |
Unavailable |
|
Judgements Against Principals |
Unavailable |
|
Subject Verified as Client |
|
|
Practice Number |
917576E |
|
VAT Number |
Unavailable |
|
Tax Number |
Unavailable |
|
BEE Status |
Unavailable |
|
Financial Year End |
Unavailable |
|
No of years in Business |
6 Years 11 Months |
|
Website |
Unavailable |
|
Comment |
Was advissed that it is Jewish holiday today, therefore
contact should be made on Monday. |
Previous Auditors Information - No Information on Record
|
Vat Number |
4450166188 |
|
Status |
ACTIVE |
|
Vat Liable Date |
|
|
Tax Number |
9190103201 |
|
Tax Clearance Expire Date |
|
|
Financial Year End |
February |
|
Comment |
|
|
|
|
|
Black
Economic Empowerment Information - No Information on Record |
|
|
ISO
Status |
|
|
Type of ISO Grade |
2000 |
|
ISO Certificate |
Yes |
|
ISO Certificate Available |
No |
|
Certified by an Accredited Agent |
Yes |
|
Comment |
|
Work Mans Information - No Information on Record
Subsidiaries Information - No Information on Record
|
Employees |
|
|
Number of Employees |
145 |
|
1. Salaried employees |
145 |
|
2. Waged employees |
|
|
3. Permanent employees |
145 |
|
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
Management Overview
|
Level |
Position |
Name |
|
1 |
DIRECTOR |
ANDREW DUA |
|
1 |
DIRECTOR |
TREVOR ROBERT INMAN KING |
|
1 |
DIRECTOR |
BRIDGITTE ELIZABETH VAN DER MERWE |
|
1 |
DIRECTOR |
RUDIGER EGGERS |
Company structure (ownership)
Note: One level up and all levels
down
|
Holding |
Company |
Sub |
|
65 % - THE BLUE RICH TRUST |
INTERNATIONAL SLAB SALES
(AFRICA) (PTY) LTD |
None |
|
35 % - BKC FAMILY TRUST |
INTERNATIONAL SLAB SALES
(AFRICA) (PTY) LTD |
None |
Key
Deals - No Information on Record
|
Trade Reference nr |
Supplier |
Contact |
|
1 |
AFRICA NATIONAL
GRONERS |
0119083595 |
|
2 |
EMPERIAL SUPPORT
SERVICES |
0119777100 |
|
3 |
ROSSEL |
0123484195 |
Trade References
Detail
|
Nr |
Age of Acc |
Terms |
Average Purchases |
Terms Taken |
Comment |
|||
|
1 |
10 Years |
30 Days |
R 6000000 |
30 Days |
Good account. The
subject has an open account with the supplier.
The highest purchase value was
not made available. |
|||
|
2 |
5 Years |
30 Days |
R 3000000 |
30 Days |
Good
account |
|||
|
3 |
6 Years |
30 Days |
R100000 |
30 Days |
Good account. The
subject has an open account with the
supplier. The highest purchase value was
not made available. |
|||
Judgements - No information on record
Business Rescue - No Information on Record
Default Listing - No information on record
Notarial Bonds - No information on record
|
Bank |
FIRST NATIONAL BANK |
|
Branch |
DURBAN PORT |
|
Brach Code |
250655 |
|
Bank Account Number |
62081256945 |
|
Type of Account |
CURRENT |
|
Account Name |
INTERNSTIONAL SLAB SALES (PTY) LTD |
|
Overdraft Facilities |
None |
|
Bank Code |
Awaiting a bank code |
|
Bank Comment |
|
Bank Code History - No Information on Record
Previous Bank Account Information - No Information on Record
Deeds Information - No information on record
|
Number
of Principals |
4 |
|
Average
Age of Active Principals |
49 |
|
Active Principals Active Principal - 1 of 4 ANDREW DUA |
|
|
Surname |
DUA |
|
First
Name |
ANDREW |
|
Other
Names |
|
|
Marital
Status |
Married |
|
ID
Number |
8002115033084 |
|
Verified
ID Number |
Yes |
|
Current
Age |
34
Years 7 Months |
|
Designation |
DIRECTOR |
|
Status |
Active |
|
Appointment
Date |
2014/04/14 |
|
Physical
Address (at time of Appointment) |
118
3RD AVENUE NORTH, FONTAINEBLEAU, 2194 |
|
Postal
Address |
P
O BOX 14336, WITFIELD, WITFIELD, 1467 |
|
Current
Tel Number |
0117961800 |
|
Cell
number |
0837778893 |
|
Shareholding/Membership |
0.00 |
Business Information
for ANDREW DUA
Principal Current
Business Interests
|
Company
Name |
Registration No |
Status |
Age
of Business |
Judgements |
Liquidation |
|
INTERNATIONAL
SLAB SALES (AFRICA) (PTY)LTD |
M2004/022986/07 |
In
Business |
10 Years 10 Months |
0 |
No |
|
INTERNATIONAL SLAB SALES (PTY)LTD |
M1996/011537/07 |
In
Business |
18 Years 6 Months |
0 |
No |
|
PILUSA GARDEN SERVICES (PTY)LTD |
M1999/025347/07 |
In
Business |
15 Years 3 Months |
0 |
No |
|
SONKE PLANTSCAPERS
(PTY)LTD |
M1995/004693/07 |
In
Business |
19 Years 7 Months |
0 |
No |
Principal Previous Business Interests
Average age of Previous Business 16 Years
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
NAMKWA HORTICULTURAL SERVICES (PTY)LTD |
M1998/011282/07 |
In Business |
16 Years 4 Months |
0 |
No |
Principal
Deeds Information
Property Interests
for ANDREW DUA
|
Title Deed No. |
T145582/2007 |
Erf/Site No. |
315 |
|
Deeds Office |
PRETORIA |
Physical Address |
16 DOVE FERNDALE RANDBURG |
|
Property Type |
E |
Extent / Size |
|
|
Purchase Date |
2007/07/23 |
Purchase price |
R1300000.00 |
|
% Ownership |
0.00 |
Bond Holder |
SOUTH AFRICAN HOME LOANS GUARAN |
|
Bond Number |
B1748892007 |
Bond Amount |
R1400000.00 |
|
Comment |
|
||
|
Property Interests for ANDREW DUA |
|||
|
Title Deed No. |
T2160/2009 |
Erf/Site No. |
374 |
|
Deeds Office |
PRETORIA |
Physical Address |
118 THIRD NORTH FONTAINEBLEAU RANDBURG |
|
Property Type |
E |
Extent / Size |
|
|
Purchase Date |
2008/09/04 |
Purchase price |
R1650000.00 |
|
% Ownership |
0.00 |
Bond Holder |
INVESTEC BANK LTD |
|
Bond Number |
B13982009 |
Bond Amount |
R1650000.00 |
|
Comment |
|
||
|
Property Interests for ANDREW DUA |
|||
|
Title Deed No. |
ST29161/2014 |
Erf/Site No. |
869 |
|
Deeds Office |
PRETORIA |
Physical Address |
WONDERBOOM SOUTH |
|
Property Type |
U |
Extent / Size |
68.0SQM |
|
Purchase Date |
2014/01/27 |
Purchase price |
R 435000.00 |
|
% Ownership |
0.00 |
Bond Holder |
SOUTH AFRICAN HOME LOANS GUARAN |
|
Bond Number |
SB176812014 |
Bond Amount |
R 380000.00 |
|
Comment |
|
||
|
Property Interests for ANDREW DUA |
|||
|
Title Deed No. |
T8386/2006 |
Erf/Site No. |
154 |
|
Deeds Office |
JOHANNESBURG |
Physical Address |
11 CARRICK KRUGERSDORP |
|
Property Type |
F |
Extent / Size |
1000.00000000 |
|
Purchase Date |
2005/11/04 |
Purchase price |
R 400000.00 |
|
% Ownership |
0.00 |
Bond Holder |
ABSA BANK LTD |
|
Bond Number |
B127982006 |
Bond Amount |
R 430000.00 |
|
Comment |
|
||
|
Property Interests for ANDREW DUA |
|||
|
Title Deed No. |
T8386/2006 |
Erf/Site No. |
154 |
|
Deeds Office |
JOHANNESBURG |
Physical Address |
11 CARRICK KRUGERSDORP |
|
Property Type |
F |
Extent / Size |
1000.00000000 |
|
Purchase Date |
2005/11/04 |
Purchase price |
R 400000.00 |
|
% Ownership |
0.00 |
Bond Holder |
ABSA BANK LTD |
|
Bond Number |
B127982006 |
Bond Amount |
R 430000.00 |
|
Comment |
|
||
Active Principal - 2 of 4 TREVOR KING
|
Surname |
KING |
|
First Name |
TREVOR |
|
Other Names |
|
|
Marital Status |
Married |
|
ID Number |
5309295180087 |
|
Verified ID Number |
Yes |
|
Current Age |
61 Years |
|
Designation |
DIRECTOR |
|
Status |
Active |
|
Appointment Date |
2014/04/14 |
|
Physical Address (at time of Appointment) |
49A PLOVER ROAD, GEORGE, Western Cape, 6530 |
|
Postal Address |
P O BOX 14336, ITFIELD, WITFIELD, 1467 |
|
Current Tel Number |
0118221350 |
|
Cell number |
0837778891 |
|
Shareholding/Membership |
0.00 |
Principal’s Adverse –
No Information on Record
Business Information for TREVOR KING
Principal Current Business Interests
|
Company
Name |
Registration No |
Status |
Age
of Business |
Judgements |
Liquidation |
|
CAESARSTONE (AFRICA) (PTY)LTD |
M1998/019121/07 |
In Business |
16 Years 4 Months |
0 |
No |
|
INTERNATIONAL
SLAB SALES (AFRICA) (PTY)LTD |
M2004/022986/07 |
In Business |
10 Years 10 Months |
0 |
No |
|
INTERNATIONAL SLAB SALES (PTY)LTD |
M1996/011537/07 |
In Business |
18 Years 6 Months |
0 |
No |
|
MAKING SECURITY CC |
B1985/002507/23 |
Deregistration Final |
29 Years 5 Months |
0 |
No |
Principal
Deeds Information
Property Interests
for TREVOR KING
|
Title Deed No. |
T80556/2007 |
Erf/Site No. |
24405 |
|
Deeds Office |
CAPE TOWN |
Physical Address |
KRAAIBOSCH MANOR GEORGE |
|
Property Type |
E |
Extent / Size |
|
|
Purchase Date |
2007/05/28 |
Purchase price |
R 660000.00 |
|
% Ownership |
0.00 |
Bond Holder |
FIRSTRAND BANK LTD |
|
Bond Number |
B945992007 |
Bond Amount |
R1680000.00 |
|
Comment |
|
||
Active Principal – 3
of 4 RUDIGER EDGERS
|
Surname |
EDGERS |
|
First Name |
RUDIGER |
|
Other Names |
|
|
Marital Status |
Married |
|
ID Number |
6012305012006 |
|
Verified ID Number |
Yes |
|
Current Age |
53 Years 9 Months |
|
Designation |
DIRECTOR |
|
Status |
Active |
|
Appointment Date |
2004/11/23 |
|
Physical Address (at time of Appointment) |
ONTBREEK, ONTBREEK, |
|
Postal Address |
P.O.BOX 14336, WITFIELD, 1467 |
|
Current Tel Number |
0118221350 |
|
Cell number |
0837778899 |
|
Shareholding/Membership |
0.00 |
Business
Information for RUDIGER EDGERS
Principal
Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
|
AFRICAN COMMODITY BROKERS |
6012305012006 |
|
Unknown |
0 |
No |
|
BETTA
EXPORTS CC |
B1991/006579/23 |
Deregistration
Final |
23 Years 11 Months |
0 |
No |
|
CAESARSTONE (AFRICA) (PTY)LTD |
M1998/019121/07 |
In Business |
16 Years 4 Months |
0 |
No |
|
FIRST FINANCIAL SERVICES (PTY)LTD |
M1990/007492/07 |
Deregistration
Final |
0 |
0 |
No |
|
G M F S MANAGEMENT SERVICES CC |
B1989/000332/23 |
Deregistration
Final |
25 Years 1 Months |
0 |
No |
|
GRANITE AND MARBLE INDUSTRIES CC |
B2003/013914/23 |
In Business |
11 Years 11 Months |
0 |
No |
|
H
R W AGENCIES CC |
B1990/015674/23 |
Deregistration
Process |
0 |
0 |
No |
|
INTERNATIONAL
SLAB SALES (AFRICA) (PTY)LTD |
M2004/022986/07 |
In Business |
10 Years 10 Months |
0 |
No |
|
INTERNATIONAL SLAB SALES (PTY)LTD |
M1996/011537/07 |
In Business |
18 Years 6 Months |
0 |
No |
|
ISS CONDOMINIUM (PTY)LTD |
M2003/029327/07 |
In Business |
11 Years 11 Months |
0 |
No |
|
KHAMSIN
TRADING (PTY)LTD |
M2006/020533/07 |
Deregistration
Final |
8 Years 8 Months |
0 |
No |
|
WILLERS GRANIET QUARRIES (PTY)LTD |
M2003/017797/07 |
In Business |
11 Years 11 Months |
0 |
No |
|
ZENATO TRADING (PTY)LTD |
M2006/017048/07 |
Deregistration
Final |
8 Years 8 Months |
0 |
No |
Principal Previous Business Interests
Average Age of Previous Business 18 Years
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
GLENGARRY PROPERTIES TIMESHARE SHARE BLOCK LTD |
M1992/002234/06 |
In Business |
22 Years 10 Months |
0 |
No |
|
PROSPERTECH INVESTMENTS (PTY)LTD |
M1999/016575/07 |
In Business |
15 Years 3 Months |
0 |
No |
|
TEKWINI TOMBSTONES CC |
B1995/002405/23 |
In Business |
19 Years 7 Months |
1 |
No |
Active
Principal - 4 of 4
BRIDGITTE
VAN DER MERWE
|
Surname |
VAN DER MERWE |
|
First Name |
BRIDGITTE |
|
Other Names |
|
|
Marital Status |
Married |
|
ID Number |
6505290153081 |
|
Verified ID Number |
Yes |
|
Current Age |
49 Years 4 Months |
|
Designation |
DIRECTOR |
|
Status |
Active |
|
Appointment Date |
2004/11/23 |
|
Physical Address (at time of Appointment) |
56 BASROYD ROAD, BASSONIA, GAUTENG, 2190 |
|
Postal Address |
P O BOX 7444, ROCHDALE PARK, 4034 |
|
Current Tel Number |
0118221350 |
|
Cell number |
|
|
Shareholding/Membership |
0.00 |
Business Information for BRIDGITTE VAN DER MERWE
Principal Current
Business Interests
|
Company
Name |
Registration No |
Status |
Age
of Business |
Judgements |
Liquidation |
|
CAESARSTONE (AFRICA) (PTY)LTD |
M1998/019121/07 |
In Business |
16 Years 4 Months |
0 |
No |
|
INTERNATIONAL
SLAB SALES (AFRICA) (PTY)LTD |
M2004/022986/07 |
In Business |
10 Years 10 Months |
0 |
No |
|
INTERNATIONAL SLAB SALES (PTY)LTD |
M1996/011537/07 |
In Business |
18 Years 6 Months |
0 |
No |
|
ISS CONDOMINIUM (PTY)LTD |
M2003/029327/07 |
In Business |
11 Years 11 Months |
0 |
No |
|
KHAMSIN
TRADING (PTY)LTD |
M2006/020533/07 |
Deregistration
Final |
8 Years 8 Months |
0 |
No |
|
PRIMO
FURNITURE CLASSICS CC |
B1997/054722/23 |
Deregistration
Final |
17 Years 5 Months |
0 |
No |
|
WILLERS GRANIET QUARRIES (PTY)LTD |
M2003/017797/07 |
In Business |
11 Years 11 Months |
0 |
No |
|
ZENATO TRADING (PTY)LTD |
M2006/017048/07 |
Deregistration
Final |
8 Years 8 Months |
0 |
No |
Principal Previous Business Interests
Average Age of Previous Business 15 Years
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
PROSPERTECH INVESTMENTS
(PTY)LTD |
M1999/016575/07 |
In Business |
15 Years 3 Months |
0 |
No |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.16 |
|
|
1 |
Rs.98.62 |
|
Euro |
1 |
Rs.77.67 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
TPT |
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.