MIRA INFORM REPORT
|
Report No. : |
347488 |
|
Report Date : |
06.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
AFRICA AUTOMOTIVE AFTERMARKET SOLUTIONS (PTY) LTD |
|
|
|
|
Formerly Known As : |
MIDAS GROUP |
|
|
|
|
Registered Office : |
2 Gordon Avenue Meadowview Business Estate Linbro Park Gauteng 2090 |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
10.05.2005 |
|
|
|
|
Com. Reg. No.: |
2002/010888/07 |
|
|
|
|
Legal Form : |
Private Company (Pty)
Ltd |
|
|
|
|
Line of Business : |
Subject operates as an importer and distributor of automotive spares and components. |
|
|
|
|
No. of Employee : |
1,000 |
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 : |
Slow but correct |
|
|
|
|
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, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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 Africa’s largest and among the top 20 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. Economic growth has decelerated in recent years,
slowing to just 1.5% in 2014. Unemployment, poverty, and inequality - among the
highest in the world - remain a challenge. Official unemployment is roughly 25%
of the work force, and runs significantly higher among black youth. Eskom, the
state-run power company, is building three new power stations and is installing
new power demand management programs to improve power grid reliability. Load
shedding and resulting rolling blackouts gripped many parts of South Africa in
late 2014 and early 2015 because of electricity supply constraints that
resulted from technical problems at some generation units, unavoidable planned
maintenance, and an accident at a power station in Mpumalanga province. The
rolling black outs were the worst the country faced since 2008. Construction
delays at two additional plants, however, mean South Africa will continue to
operate on a razor thin margin; economists judge that growth cannot exceed 3%
until electrical supply problems are resolved.
South
Africa's economic policy has focused on controlling inflation; however, the
country faces structural constraints that also limit economic growth, such as
skills shortages, declining global competitiveness and frequent work stoppages
due to strike action. The current government faces growing pressure from urban
constituencies to improve the delivery of basic services to low-income areas and
to increase job growth.
|
Source
: CIA |
%20LTD%20-%20347488%2006-Nov-2015_files/image013.gif)
COMPANY INFORMATION
OVERVIEW
|
History |
AFRICA AUTOMOTIVE AFTERMARKET SOLUTIONS (PTY) LTD trading
as PARTS INCORPORATED was established in August 2002 utilising a shelf
entity styled CLIDET 403 (PTY) LTD for registration purposes and at the same
time the name was changed to MIDAS GROUP (PTY) LTD. In July 2015 a further
name change took place and the name was changed to the current name. It was stated that the subject was formed when the assets
an operations of GENUINE PARTS (PTY) LTD (Registartion Certificate number:
1962/005001/07) and MIDAS LTD (Registration Certificate Number:
1968/002260/06 were taken over. Further details were not made available. |
|
Major Operations or
Business Sectors |
The subject operates as an importer and distributor of
automotive spares and components. |
|
Industry |
Wholesale and Retail |
|
SIC Code(s) |
633(Sale Of Motor Vehicle Parts And Accessories) |
STATUTORY INFORMATION
|
Registered Name |
AFRICA AUTOMOTIVE AFTERMARKET SOLUTIONS (PTY) LTD |
|
Trading As |
PARTS INCORPORATED AFRICA |
|
Previous Names |
MIDAS GROUP (2015/07/06); CLIDET NO 403 (2002/08/20); |
|
Registration Number |
2002/010888/07 |
|
Type of Company |
Private Company (Pty) Ltd |
|
Registration Date |
10/05/2002 |
|
Date Commenced
Trading |
01/08/2002 |
|
Commercial Status |
In Business |
%20LTD%20-%20347488%2006-Nov-2015_files/image014.jpg){kind=small}
CONTACT DETAILS
|
Contact Number +27 11 879 6000 |
|
|
Email Address |
|
|
Fax Number |
+27 11 454 0210 |
|
Website |
|
|
Social Media Presence |
None |
|
Registered Physical Address |
2 GORDON AVENUE MEADOWVIEW BUSINESS ESTATE LINBRO PARK GAUTENG 2090 |
|
Trading Physical Address |
2 Gordon Avenue,Meadowview Business Estate Linbro Park JOHANNESBURG Gauteng 2090 |
|
Postal Address |
Private Bag X10028 EDENVALE 1610 |
TAX INFORMATION
|
Income Tax
Number |
9028597145 |
|
VAT Number |
4710201072 |
AUDITORS
INFORMATION
Name DELOITTE & TOUCHE
INSURANCE
BROKER INFORMATION
Insurance Broker Name REGENT INSURANCE BROKERS
%20LTD%20-%20347488%2006-Nov-2015_files/image015.gif)
OWNERSHIP
STRUCTURE
SHAREHOLDING INFORMATION
|
Holding Company Name |
Holding Company Share (%) |
|
IMPERIAL HOLDINGS LTD (Registration Certificate Number:
1946/021048/06) |
75% |
|
Shareholders/Members |
Share/Interest (%) |
|
MAJOR MOVE 101 (PTY) LTD |
15 |
|
MIDAS STAFF TRUST |
10 |
PRINCIPAL INFORMATION PRINCIPAL DETAILS
|
Full Name |
ID No. |
Designation |
Status |
Date of Appoint- ment |
Active Interests |
Prev. Interests |
Judg- ments |
Fraud Listing |
|
ARBEE, OSMAN SULUMAN |
5903295126080 |
|
Active |
27/01/2010 |
21 |
19 |
0 |
0 |
|
SONO, EPHRAIM MATSILEBE |
5506285160082 |
|
Active |
01/01/2004 |
29 |
11 |
0 |
0 |
|
FRANCIS, BERENICE JOY |
7602290148085 |
|
Active |
01/06/2011 |
9 |
1 |
0 |
0 |
|
BARNABAS, DUMISA WONGEKA TEMBEKILE |
8104200413088 |
|
Active |
01/07/2014 |
5 |
0 |
0 |
0 |
|
PONTING, JANSON ELLIOTT |
7601125029080 |
|
Active |
01/10/2011 |
9 |
0 |
0 |
0 |
|
SLATER, THEODORE |
5809305032087 |
|
Active |
04/06/2003 |
5 |
1 |
0 |
0 |
|
PERRIE, MALCOLM JAMES |
5907045042083 |
|
Active |
02/04/2013 |
20 |
8 |
0 |
0 |
|
ODGERS, GORDON LESLIE |
5311125065082 |
|
Active |
14/06/2002 |
10 |
6 |
0 |
0 |
|
VAN DER LINDE, DANIEL MICHAEL |
5606185109088 |
|
Decease d |
27/01/2010 |
0 |
0 |
0 |
0 |
|
LE ROUX, STEFAN |
6309305109083 |
|
Resigned |
26/08/2009 |
0 |
0 |
0 |
0 |
|
HILL, DEREK CHARLES |
5609105028081 |
|
Resigned |
17/07/2002 |
0 |
0 |
0 |
0 |
|
DE SWARDT, JACQUELINE GAYLE |
5702070029083 |
|
Resigned |
17/07/2002 |
0 |
0 |
0 |
0 |
|
NAIDOO, STRINIVAS DHAVADASEN |
6510235083088 |
|
Resigned |
16/03/2005 |
0 |
0 |
0 |
0 |
|
HARRISON, DOUGLAS ROY |
5005155028081 |
|
Resigned |
02/01/2006 |
0 |
0 |
0 |
0 |
|
RANSOME, CHRISTOPHER JOHN |
6212035138085 |
|
Resigned |
17/07/2002 |
0 |
0 |
0 |
0 |
|
VAN DER MERWE, DAVID JOUBERT |
6411035149080 |
|
Resigned |
04/06/2003 |
0 |
0 |
0 |
0 |
|
COOPER, BOYD MCGOWAN FICHARDT |
4207025026003 |
|
Resigned |
04/06/2003 |
0 |
0 |
0 |
0 |
|
FULTON, GARY JAMIESON |
3803135073082 |
|
Resigned |
10/05/2002 |
0 |
0 |
0 |
0 |
|
BELL, JOHANNES NICOLAS |
6203015134087 |
|
Resigned |
27/01/2010 |
0 |
0 |
0 |
0 |
|
BARTIE, KEVIN GEORGE |
6809055113086 |
|
Resigned |
17/07/2002 |
0 |
0 |
0 |
0 |
|
JOHNSON, PAUL ALLAN |
6405030000000 |
|
Resigned |
02/01/2006 |
0 |
1 |
0 |
0 |
|
ESPINOZA, IAN WARREN |
6905295116085 |
|
Resigned |
20/09/2007 |
0 |
0 |
0 |
0 |
ACTIVE BUSINESS INTERESTS: BERENICE JOY
FRANCIS
|
Company Name |
Registration No. |
Business Status |
Principle Status |
Judgments |
|
ELBOW AND ESSIENA |
2005/013435/07 |
In Business |
Active |
0 |
|
LGG INVESTMENT HOLDINGS |
2013/109165/07 |
In Business |
Active |
0 |
|
LIFE GREEN GROUP |
1995/004890/07 |
In Business |
Active |
0 |
|
LIQUIDCAPITAL |
2001/012511/07 |
In Business |
Active |
0 |
|
REGENT INSURANCE COMPANY |
1966/007612/06 |
In Business |
Active |
0 |
|
REGENT LIFE ASSURANCE COMPANY |
1994/001332/06 |
In Business |
Active |
0 |
|
S A INSTANT LAWN |
2007/008626/07 |
In Business |
Active |
0 |
|
UGS INVESTMENT HOLDINGS |
2003/002338/07 |
In Business |
Active |
0 |
ACTIVE BUSINESS INTERESTS: DUMISA WONGEKA
TEMBEKILE BARNABAS
|
Company Name |
Registration No. |
Business Status |
Principle Status |
Judgments |
|
AFINTAPART |
1962/005001/07 |
In Business |
Active |
0 |
|
KING MIDAS |
1979/004058/06 |
In Business |
Active |
0 |
|
MIDAS |
1968/002260/06 |
AR Deregistration Process |
Active |
0 |
|
NATIONAL AUTOMOBILE PARTS ASSOCIATION |
1971/013578/06 |
In Business |
Active |
0 |
ACTIVE BUSINESS INTERESTS: EPHRAIM
MATSILEBE SONO
|
Company Name |
Registration No. |
Business Status |
Principle Status |
Judgments |
|
BALELLA INVESTMENT HOLDINGS |
2008/001722/07 |
AR Final deregistration |
Active |
0 |
|
BZEEK AFRICA TELECOMMUNICATIONS |
2007/001113/07 |
AR Deregistration Process |
Active |
0 |
|
DOUBLE RING TRADING 590 |
2008/011706/07 |
AR Final deregistration |
Active |
0 |
|
EASY HIRE 2009 |
2009/002371/07 |
AR Deregistration Process |
Active |
0 |
|
ENTECH CONSULTANTS |
1995/008337/07 |
Deregistration Final |
Active |
0 |
|
EX - SOCCER PROFESSIONALS |
2006/035488/07 |
AR Final deregistration |
Active |
0 |
|
GOLGLOM INVESTMENTS |
2005/002407/07 |
In Business |
Active |
0 |
ACTIVE BUSINESS INTERESTS: EPHRAIM
MATSILEBE SONO
|
Company Name |
Registration No. |
Business Status |
Principle Status |
Judgments |
|
GREENVALUE FRUIT AND VEG |
2004/022964/07 |
AR Final deregistration |
Active |
0 |
|
ISINDA 154 |
2006/008606/07 |
AR Deregistration Process |
Active |
0 |
|
ISIQONGO INVESTMENTS 2 |
2007/013362/07 |
AR Final deregistration |
Active |
0 |
|
JOMO COSMOS SPORTWEAR |
2003/031483/07 |
AR Final deregistration |
Active |
0 |
|
JOMO GO MOBILE |
2010/013269/07 |
AR Final deregistration |
Active |
0 |
|
JOMO SOCCER SCHOOL |
2012/059084/07 |
AR Deregistration Process |
Active |
0 |
|
JOMO SONO HOTEL INVESTMENTS |
2002/015756/07 |
AR Final deregistration |
Active |
0 |
|
JOMO SONO INVESTMENTS |
2005/022438/07 |
In Business |
Active |
0 |
|
JOMO SONO TECHNOLOGY |
2012/014313/07 |
AR Deregistration Process |
Active |
0 |
|
JSONOCO MINING |
2007/008881/07 |
In Business |
Active |
0 |
|
LITTLE SWIFT INVESTMENTS 357 |
2005/031757/07 |
In Business |
Active |
0 |
|
MARQUIS TRADING |
1997/009789/07 |
AR Final deregistration |
Active |
0 |
|
ONYX SONO TECHNOLOGIES |
2006/152049/23 |
AR Final deregistration |
Active |
0 |
|
PEPPER SHAKE TRADING 5 |
2005/014476/07 |
In Business |
Active |
0 |
|
REBOARD PROPERTIES AND PROJECTS |
2008/007397/23 |
AR Final deregistration |
Active |
0 |
|
RECREATION AFRICA RESTAURANT HOLDINGS |
1993/000337/07 |
In Business |
Active |
0 |
|
SAFESKY AFRICA TECHNOLOGY |
2007/017979/07 |
In Business |
Active |
0 |
|
SALIENT PRESS |
1990/032774/23 |
Deregistration Final |
Active |
0 |
|
SAWUBONA PORTDUNFORD HOTEL |
2009/005901/07 |
In Business |
Active |
0 |
|
SLASH BLADES |
2005/002755/07 |
AR Deregistration Process |
Active |
0 |
|
SUIKERKOP LUGHAWE |
1993/007670/07 |
In Business |
Active |
0 |
ACTIVE BUSINESS INTERESTS: GORDON LESLIE
ODGERS
|
Company Name |
Registration No. |
Business Status |
Principle Status |
Judgments |
|
ABELANA MOTOR SPARES AND ACCESSORIES |
1990/003997/07 |
Voluntary Liquidation |
Active |
0 |
|
BRAMEL BUSINESS SOLUTIONS |
2004/001093/07 |
In Business |
Active |
0 |
|
BRICKFIELD NOMINEES |
2001/019149/07 |
Voluntary Liquidation |
Active |
0 |
|
CBS PROPERTIES |
1987/005043/07 |
Voluntary Liquidation |
Active |
0 |
|
CONSOLIDATED STEEL INDUSTRIES |
2006/031549/07 |
In Business |
Active |
0 |
|
FULLOUTPUT 1167 |
2004/031328/07 |
Final Liquidation |
Active |
0 |
|
K2011103856 |
2011/103856/07 |
In Business |
Active |
0 |
|
KING MIDAS |
1979/004058/06 |
In Business |
Active |
0 |
ACTIVE BUSINESS INTERESTS: GORDON LESLIE
ODGERS
|
Company Name |
Registration No. |
Business Status |
Principle Status |
Judgments |
|
WEBRAM TWENTY ONE |
2003/010856/07 |
AR Final deregistration |
Active |
0 |
ACTIVE BUSINESS INTERESTS: JANSON ELLIOTT
PONTING
|
Company Name |
Registration No. |
Business Status |
Principle Status |
Judgments |
|
AFINTAPART |
1962/005001/07 |
In Business |
Active |
0 |
|
ANGELFISH INVESTMENTS 972 |
2003/058445/23 |
AR Final deregistration |
Active |
0 |
|
DELTA BLUE TRADING 565 |
2006/067352/23 |
AR Final deregistration |
Active |
1 |
|
JAR-INDUSTRIES |
1999/053877/23 |
AR Final deregistration |
Active |
0 |
|
MOTOLEK SOUTH AFRICA |
1962/002327/07 |
AR Deregistration Process |
Active |
0 |
|
NATIONAL AUTOMOBILE PARTS ASSOCIATION |
1971/013578/06 |
In Business |
Active |
0 |
|
SAKHANA INVESTMENTS |
2004/125049/23 |
AR Final deregistration |
Active |
0 |
|
TOREMAR INVESTMENTS 63 |
2000/064270/23 |
AR Final deregistration |
Active |
0 |
ACTIVE BUSINESS INTERESTS: MALCOLM JAMES
PERRIE
|
Company Name |
Registration No. |
Business Status |
Principle Status |
Judgments |
|
BRAY INVESTMENTS |
2001/004213/07 |
In Business |
Active |
0 |
|
FEDERAL-MOGUL ENGINE BEARINGS |
1987/004688/07 |
Deregistration Final |
Active |
0 |
|
FEDERAL-MOGUL FRICTION PRODUCTS |
1999/005049/07 |
Deregistration Final |
Active |
0 |
|
FEDERAL-MOGUL IGNITION |
1963/000903/07 |
Deregistration Final |
Active |
0 |
|
FEDERAL-MOGUL LARGE BEARINGS |
1965/003486/07 |
Deregistration Final |
Active |
0 |
|
FEDERAL-MOGUL PISTONS |
1980/000517/07 |
Deregistration Final |
Active |
0 |
|
FEDERAL-MOGUL SEALING SYSTEMS SOUTH AFRICA |
1999/004777/07 |
Deregistration Final |
Active |
0 |
|
FEDERAL-MOGUL VALVES |
1977/002515/07 |
Deregistration Final |
Active |
0 |
|
FEROBRAKE |
1999/004827/07 |
Deregistration Final |
Active |
0 |
|
FERODO |
1999/004781/07 |
Deregistration Final |
Active |
0 |
|
GLACIER BEARINGS |
1998/021387/07 |
Deregistration Final |
Active |
0 |
|
HERMANUSDOORNS AANDELEBLOK |
1991/006901/06 |
In Business |
Active |
0 |
|
MAGVEST |
1999/000927/07 |
Deregistration Final |
Active |
0 |
|
MALLORCA NO 11 |
1988/020664/23 |
In Business |
Active |
0 |
|
MCA GROUP |
1997/002887/07 |
In Business |
Active |
0 |
|
PROLEAD INVESTMENTS |
1998/021753/07 |
AR Final deregistration |
Active |
0 |
ACTIVE BUSINESS INTERESTS: MALCOLM JAMES
PERRIE
|
Company Name |
Registration No. |
Business Status |
Principle Status |
Judgments |
|
SPLENDIDUM
INVESTMENTS |
2000/005036/07 |
In Business |
Active |
0 |
|
TURBO EXCHANGE |
2006/022981/07 |
In Business |
Active |
0 |
|
VALIDA INVESTMENTS |
1999/013833/07 |
In Business |
Active |
0 |
ACTIVE BUSINESS INTERESTS: OSMAN SULUMAN
ARBEE
|
Company Name |
Registration No. |
Business Status |
Principle Status |
Judgments |
|
CAR HIRE BROKERS |
1998/021881/07 |
In Business |
Active |
0 |
|
CAR HIRE BROKERS |
1983/010228/07 |
Deregistration Final |
Active |
0 |
|
DETONATION MOTORSPORT |
2006/023961/07 |
Deregistration Final |
Active |
0 |
|
DREAM WORLD INVESTMENTS 239 |
2004/024247/07 |
In Business |
Active |
0 |
|
EASTGATE SAFARIS AND TRANSFERS |
1999/009517/07 |
Deregistration Final |
Active |
0 |
|
EURO CON |
1998/010326/07 |
AR Final deregistration |
Active |
0 |
|
GOLD REEF GUIDES |
1971/011135/07 |
AR Final deregistration |
Active |
0 |
|
GROSVENOR TOURS |
1998/020187/07 |
Deregistration Final |
Active |
0 |
|
IMPERIAL CAPITAL |
2003/008195/06 |
In Business |
Active |
0 |
|
IMPERIAL CAR RENTAL |
1939/013135/07 |
In Business |
Active |
0 |
|
IMPERIAL HOLDINGS |
1946/021048/06 |
In Business |
Active |
0 |
|
MBUHLE PROPERTY |
2006/169776/23 |
In Business |
Active |
0 |
|
NATIONWIDE CAR RENTAL |
1995/001752/07 |
Deregistration Final |
Active |
0 |
|
PROTEAM AUTO BODY |
2004/015869/07 |
AR Deregistration Process |
Active |
0 |
|
SAFAIR UKHAMBA |
2004/026452/07 |
Deregistration Final |
Active |
0 |
|
SPRINGBOK ATLAS - CHINA |
1995/007825/07 |
Deregistration Final |
Active |
0 |
|
SWANS RENT A CAR |
1976/001559/07 |
Deregistration Final |
Active |
0 |
|
TEMPEST CAR HIRE |
1967/009051/07 |
AR Final deregistration |
Active |
0 |
|
U DRIVE CAR AND VAN RENTAL |
1971/005836/07 |
Deregistration Final |
Active |
0 |
|
UKHAMBA AUTO EAST |
2003/012105/07 |
Dissolved |
Active |
0 |
ACTIVE BUSINESS INTERESTS: THEODORE SLATER
|
Company Name |
Registration No. |
Business Status |
Principle Status |
Judgments |
|
BLUE DOT PROPERTIES 283 |
1999/021111/07 |
In Business |
Active |
1 |
|
BUILDERS CHOICE |
2013/055906/07 |
In Business |
Active |
0 |
|
FONT INTERNATIONAL TRADERS |
2003/004709/07 |
In Business |
Active |
0 |
|
MAJOR MOVE 101 |
2000/020346/07 |
In Business |
Active |
0 |
PREVIOUS BUSINESS INTERESTS: BERENICE JOY
FRANCIS
|
Company Name |
Registration No. |
Business Status |
Principle Status |
Judgments |
|
|
UKHAMBA GREEN SERVICES |
2004/021571/07 |
In Business |
Resigned |
0 |
|
PREVIOUS BUSINESS INTERESTS: EPHRAIM
MATSILEBE SONO
|
Company Name |
Registration No. |
Business Status |
Principle Status |
Judgments |
|
BRAMEL BUSINESS SOLUTIONS |
2004/001093/07 |
In Business |
Resigned |
0 |
|
BRT PROJECTS AFRICA |
1964/009263/07 |
In Business |
Resigned |
1 |
|
BUSAF TRANSPORT PRODUCTS |
2002/032158/07 |
AR Final deregistration |
Resigned |
1 |
|
CEDAR-RADEX PAINT AND LACQUER INDUSTRIES |
1959/003866/07 |
AR Final deregistration |
Resigned |
0 |
|
IN EXCESS TRADING 181 |
2003/004532/07 |
AR Final deregistration |
Resigned |
0 |
|
INTER- PHARMA PHARMACEUTICALS AFRICA |
2007/008198/07 |
In Business |
Resigned |
0 |
|
INTERACTIVE TRADING 291 |
2002/006082/07 |
In Business |
Resigned |
0 |
|
NALEDI PETROLEUM HOLDINGS |
1996/015399/07 |
In Business |
Resigned |
0 |
|
NALEDI PETROLEUM HOLDINGS |
1996/015399/07 |
In Business |
Resigned |
0 |
|
PINNACLE POINT GROUP |
2000/000059/06 |
Final Liquidation |
Resigned |
0 |
|
UMTHIMBA MINING AND EXPLORATION |
2006/038461/07 |
AR Final deregistration |
Resigned |
0 |
PREVIOUS BUSINESS INTERESTS: GORDON LESLIE
ODGERS
|
Company Name |
Registration No. |
Business Status |
Principle Status |
Judgments |
|
CNG HOLDINGS |
2009/010654/07 |
In Business |
Resigned |
0 |
|
GLENDOWER GOLF ESTATE HOME OWNERS ASSOCIATION |
1998/007585/08 |
In Business |
Resigned |
0 |
|
LOT 16 SOUTHBROOM |
1988/029809/23 |
In Business |
Resigned |
0 |
|
MOTOLEK SOUTH AFRICA |
1962/002327/07 |
AR Deregistration Process |
Resigned |
0 |
|
NATIONAL AUTOMOBILE PARTS ASSOCIATION |
1971/013578/06 |
In Business |
Resigned |
0 |
|
RHINO SURVEILLANCE SOLUTIONS |
1999/010339/07 |
AR Deregistration Process |
Resigned |
0 |
PREVIOUS BUSINESS INTERESTS: MALCOLM JAMES
PERRIE
|
Company Name |
Registration No. |
Business Status |
Principle Status |
Judgments |
|
CIM CHEMICALS |
2006/004070/07 |
In Business |
Resigned |
0 |
|
FEDERAL-MOGUL |
1998/009374/07 |
In Business |
Resigned |
0 |
|
FEDERAL-MOGUL AFTERMARKET SOUTHERN AFRICA |
1987/001513/07 |
In Business |
Resigned |
0 |
|
FEDERAL-MOGUL OF SOUTH AFRICA |
1995/007557/07 |
In Business |
Resigned |
0 |
|
FRACTION FACTORY |
2005/028144/23 |
In Business |
Resigned |
0 |
PREVIOUS BUSINESS INTERESTS: MALCOLM JAMES
PERRIE
|
Company Name |
Registration No. |
Business Status |
Principle Status |
Judgments |
|
HILL STREET PROPERTIES |
1989/015342/23 |
AR Deregistration Process |
Resigned |
0 |
|
THE SMART PRACTISE |
2001/012077/07 |
Dissolved |
Resigned |
0 |
|
YELLOW CREEK TRADING |
1998/021986/07 |
AR Final deregistration |
Resigned |
0 |
PREVIOUS BUSINESS INTERESTS: OSMAN SULUMAN ARBEE
|
Company Name |
Registration No. |
Business Status |
Principle Status |
Judgments |
|
AMALGAMATED AUTOMOBILE DISTRIBUTORS |
1972/002784/07 |
In Business |
Resigned |
0 |
|
AMASONDO FLEET SERVICES |
2000/015762/07 |
In Business |
Resigned |
0 |
|
AUTO PEDIGREE |
1969/005581/07 |
In Business |
Resigned |
0 |
|
DISTRIBUTION AND WAREHOUSING NETWORK |
1984/008265/06 |
In Business |
Resigned |
0 |
|
DURAND AND BOWDEN |
1952/000765/07 |
In Business |
Resigned |
1 |
|
EXECUTIVE CARPORT |
1998/021880/07 |
In Business |
Resigned |
0 |
|
FUELOGIC |
2000/024296/07 |
In Business |
Resigned |
0 |
|
GAGE CAR RENTAL |
2008/026626/07 |
In Business |
Resigned |
0 |
|
GOSCOR CLEANING EQUIPMENT |
1990/006816/07 |
In Business |
Resigned |
0 |
|
IBL ASSET FINANCE AND SERVICES |
1995/012641/06 |
In Business |
Resigned |
2 |
|
IKAHENG HUMAN RESOURCE SERVICES |
1998/012461/07 |
In Business |
Resigned |
0 |
|
MI-NETT DATA MANAGEMENT |
2003/020339/07 |
AR Final deregistration |
Resigned |
0 |
|
PANDAE GREEN SOLUTIONS |
2012/117742/07 |
In Business |
Resigned |
0 |
|
PROTEAM PROPERTIES |
2005/008883/07 |
AR Deregistration Process |
Resigned |
0 |
|
ROYAL ADMINISTRATORS |
1999/002332/07 |
AR Deregistration Process |
Resigned |
0 |
|
SILVERTON TRAVEL |
1992/004483/07 |
In Business |
Resigned |
0 |
|
TOURISM INVESTMENT CORPORATION |
1996/008144/06 |
In Business |
Resigned |
0 |
|
TURBO EXCHANGE |
2006/022981/07 |
In Business |
Resigned |
0 |
|
UKHAMBA HOLDINGS |
1998/017702/07 |
In Business |
Resigned |
0 |
PREVIOUS BUSINESS INTERESTS: THEODORE
SLATER
|
Company Name |
Registration No. |
Business Status |
Principle Status |
Judgments |
|
E R A A MOTORS |
2003/004703/07 |
In Business |
Resigned |
0 |
BBBEE
|
Certificate |
Yes |
|
Certificate Expiry Date |
11 November 2015 |
|
Certificate Valid |
No |
|
Enterprise Size |
Generic R35m+ |
|
BBBEE Level |
Level 3 |
|
Value Add |
No |
GENERAL COMMENTS
Comments See the attached certificate
%20LTD%20-%20347488%2006-Nov-2015_files/image016.gif)
BANK ACCOUNT
VERIFICATION
|
Verified |
No |
|
Bank Name |
STANDARD BANK |
|
Account Holder |
UNCONFIRMED |
|
Account Number |
Unconfirmed |
OPERATIONS
MAJOR OPERATIONS
|
Major Business
Activities |
Importing and distribution of automotive spares and
components. Specialist warehouse distributors and marketing company,
primarily distributing quality automotive products through a network of franchises
in the wholesale and retail parts industry. Products inclide: Body captives Bonnets Boot lids Bumpers Domes Doors Fenders |
|
Foreign Trade Activities |
The subject imports from Japan, China, Hong Kong and Europe
and exports to Southern African countries. The value of the imports per annum is approximately R50
000 000.00 and the exports are approximately R500 000 000 per annum. |
|
Major Suppliers |
CONTROL INSTRUMENTS HELLA Uitenhage OSRAM WILLARD BATTERIES CASTROL GUD FEDERAL MOGUL AFTER MARKET HENNEWAYS TENNACO Port Elizabeth |
|
Major Customers |
Franchises, wholesalers and retailers. |
|
Major Brands |
None |
%20LTD%20-%20347488%2006-Nov-2015_files/image017.gif)
BRANCH &
PREMISES INFORMATION
Area of Distribution South Africa
|
Location |
Description/Type |
Size (m²) |
# of Staff |
Rented or Owned |
If rented: Lease Expiry Date |
|
South Africa |
40 branches |
|
|
Unknown |
n/a |
EMPLOYEES
|
Salaried Employees |
1,000 |
|
Waged Employees |
0 |
|
Total Permanent Employees |
1,000 |
|
Casual Employees |
0 |
|
Contracted Employees |
0 |
FINANCING
TERMS
|
Sales Terms |
Cash,30 days, |
|
Overdraft |
The subject operates with an overdraft facility. Further
details were not made available. |
|
Sureties |
The directors have not signed sureties on behalf of the
company. |
|
Debtors Ceded |
The debtors are not ceded. |
|
Debtors Factored |
The debtors are not factored. |
|
Bonds |
There are no bonds registered against the company. |
|
Date Obtained |
29/10/2015 |
|
Year End |
June |
FINANCIAL
FIGURES
Actual numbers, 000' or mio Actual Numbers
Comment The financial information was declined.
TRADE
REFERENCES
TRADE REFERENCE
ANALYTICS
|
# of Trade Refs in the last 3 years |
Overall Trade Score |
Average Usage of Terms |
Average Monthly
Purchase |
Average Usage of Credit Limit |
|
6 |
100% |
100% |
1,000,000.00 ZAR |
20% |
TRADE REFERENCES
|
Trade Ref # |
Date |
Trade Score 2 = best 0 = worst |
Terms Given (Taken) in days |
Monthly Limit Given (Taken) |
Account Opened years |
Payment Trend (prev. 3 years) |
Acc. Insured |
Notes |
||
|
Ref 1 |
03/11/2015 |
N/A |
see notes (see notes) |
() |
|
- |
- |
- |
Unknown |
There is no record of the account. |
|
Ref 2 |
03/11/2015 |
2 |
30 (30) |
Confident ial () |
22 |
2 |
- |
- |
No |
Excellent account, average purchases are confidential. |
|
Ref 3 |
03/11/2015 |
2 |
30 (30) |
5,000,000 ZAR (1,000,000 ZAR) |
7 |
2 |
- |
- |
No |
Excellent account. |
|
Ref 4 |
03/11/2015 |
N/A |
see notes (see notes) |
() |
|
- |
- |
- |
Unknown |
It is against company policy to provide trade references. |
|
Ref 5 |
03/11/2015 |
N/A |
see notes (see notes) |
() |
|
- |
- |
- |
Unknown |
It is against company policy to provide trade references. |
|
Ref 6 |
03/11/2015 |
N/A |
see notes (see notes) |
() |
|
- |
- |
- |
Unknown |
It is against company policy to provide trade references. |
GENERAL COMMENTS
Comments Further trade references were not made available.
ADMIN
DETAILS
INTERVIEWEE
|
Contact Person Warren
Bul |
|
|
Position |
Financial Manager |
|
Company Tel No. |
+27 11 879 6000 |
|
Email |
|
LEGEND
%20LTD%20-%20347488%2006-Nov-2015_files/image018.gif)
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.67 |
|
|
1 |
Rs.101.02 |
|
Euro |
1 |
Rs.71.35 |
|
ZAR |
1 |
Rs.4.62 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
ANK |
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.