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Report No. : |
307236 |
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Report Date : |
16.02.2015 |
IDENTIFICATION DETAILS
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Name : |
MASQUERADE ANTIQUES AND THINGS CC |
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Registered Office : |
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Country : |
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Date of Incorporation : |
29.08.2003 |
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Com. Reg. No.: |
B2003/072928/23 |
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Legal Form : |
Private Company |
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Line of Business : |
· subject offers a selection of Home-Ware, Body & Bath Products, Candles, Fine Linen as well as Kitchenware & Furniture Wholesale
trader of Other Household Goods
Subject product
ranges includes :- ·
Body
and Glass Kitchen Linen Bone / Shell Savon de Marseille ~ French Soap Table Linen Bed Linen Candles ~ Bougie Porcelain Bathroom Linen Kitchen ~ Cuisine Wood Curtains Glassware Décor Cushions Linen ~ Linge Drawstring Bags Lights, Lamps & Lampshades Pewter and Silver Plate Furniture Mirrors Doorknobs Jewellery Paper Products ~ Papeterie |
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No of Employees : |
03 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
South Africa |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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.
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Source
: CIA |
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Subject Name |
MASQUERADE ANTIQUES AND THINGS CC |
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Country |
SOUTH AFRICA |
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Subject Contact Person |
MARTIE HEYNS FOSTER - Member/Owner |
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Assessment |
This is a well-established business. On investigation contact was made with the Owner, MARTIE HEYNS FOSTER who assisted with the required information. The company is meeting its commitments timeously with suppliers. The subject effects a substantial turnover. No adverse information was revealed. The subject is considered as equal to R100 000 over 30 days. Please see the information obtained below. |
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Registered Name |
MASQUERADE ANTIQUES AND THINGS CC |
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Trading as/ Division Name |
MASQUERADE |
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Previous Name |
None |
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Date of Name Change |
None |
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Registration Number |
B2003/072928/23 |
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Registration Date |
2003/08/29 |
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Date Commenced Trading |
2003 |
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Age of Business |
11 Years 6 Months |
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History of Business |
MASQUERADE ANTIQUES AND THINGS CC was registered in 2003. |
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History of Principals |
There is 1 active Member within the business. |
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Shareholders/Members/Partners of subject and % holding |
100% - MARTIE HEYNS FOSTER |
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Issued Share Capital/Members Contribution |
R 100.00 |
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Status |
Active |
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Operations Assessment |
subject offers a selection of Home-Ware, Body & Bath Products, Candles, Fine Linen as well as Kitchenware & Furniture The ranges are designed & developed, imported or hand picked by the owner. |
|
Product Details |
·
Body
and Bath ~ Aromatiques Glass Kitchen Linen Bone / Shell Savon de Marseille ~ French Soap Table Linen Bed Linen Candles ~ Bougie Porcelain Bathroom Linen Kitchen ~ Cuisine Wood Curtains Glassware Décor Cushions Linen ~ Linge Drawstring Bags Lights, Lamps & Lampshades Pewter and Silver Plate Furniture Mirrors Doorknobs Jewellery Paper Products ~ Papeterie |
|
Industry/ Customers |
Retail |
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Export |
None |
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Import |
Yes |
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Major Industry Code / SICC |
61399 |
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Definition of Code |
Wholesale trade in other household goods n.e.c |
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Head Office Physical Address |
NO 1 KRUGER STREET, FRANSCHHOEK, 7690 |
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Head Office Postal Address |
PO BOX 191, FRANSCHHOEK, 7690 |
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Current Tel Number |
0218763944 |
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Cell Number |
0832344082 |
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Current Fax Number |
0218764626 |
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Current Email Address |
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Web Site Address |
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Company Registered Name |
VISSER LOUW PROFFESIONAL ACCOUNTANTS SA CC |
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Trading Name |
VL PROFESSIONAL ACCOUNTANTS |
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Registration Number |
2006/185966/23 |
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Physical Address |
UNIT 32 MEDICAL CENTRE HOUSE II,WELLINGTON PARK,DURBANVILLE, 7550 |
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Postal Address |
P O BOX 4215, DURBANVILLE, 7551 |
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Contact Person |
RYNARDT VISSER |
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Contact Number |
0726273841 |
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Email |
Unavailable |
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Principals |
1 |
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Judgements Against Subject |
None |
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Judgements Against Principals |
None |
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Practice Number |
9169 |
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VAT Number |
4850211543 |
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Tax Number |
9341841154 |
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BEE Status |
Unavailable |
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Financial Year End |
February |
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No of years in Business |
4 Years 10 Months |
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Website |
Unavailable |
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Comment |
Landline: 021 975 0361 |
Previous Auditors Information - No Information on Record
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Vat Number |
4530208562 |
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Status |
ACTIVE |
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Vat Liable Date |
2003/09/01 |
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Tax Number |
9919506148 |
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Financial Year End |
February |
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Status |
No |
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BEE Certificate Available |
No |
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Type of ISO Grade |
No |
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ISO Certificate |
No |
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ISO Certificate Available |
No |
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Certified by an Accredited Agent |
No |
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Registered |
Yes |
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Compliance Certified |
Yes |
Employees
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Number of Employees |
3 |
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1. Salaried employees |
--- |
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2. Waged employees |
--- |
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3. Permanent employees |
--- |
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4. Casual employees |
--- |
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5. Contracted employees |
3 |
Offices
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Offices |
Offices |
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Head Office Owned/ Rented |
Leased |
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Rental Company |
MERLICO 148 CC |
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Lease Agreement |
5 Years |
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Type of Premises |
Shop/Store |
Organisation Chart
|
Level |
Position |
Name |
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1 |
MEMBER |
MARTIE HEYNS FOSTER |
Company Structure
(Ownership)
Note: One level up and all
levels down
|
Holding |
Company |
Sub |
|
100% - MARTIE
HEYNS FOSTER |
MASQUERADE ANTIQUES AND THINGS CC |
None |
Key Deals - No
Information on Record
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Trade Reference nr |
Supplier |
Contact |
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1 |
SUMMIT RIDGE TRADING |
0828230870 |
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2 |
BLEND SA |
0312668532 |
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3 |
KAPULA CANDLES |
083 4103005 |
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4 |
CHARISMA CANDLES |
0832512188 |
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5 |
TAO PRINTERS |
0215106006 |
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Nr |
Age of Acc |
Terms |
Average Purchases |
Terms Taken |
Comment |
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1 |
11 Years |
30 Days |
R 60000 |
30 Days |
There is no
credit limit set in place. This is a very good account. |
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2 |
+1.5 Years |
30 Days |
R 8000 |
30 Days |
There is no credit
limit set in place. This is a very good account. |
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3 |
+10 Years |
30 Days |
R15000 |
30 Days |
There is no
credit limit set in place. This is a very good account. |
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4 |
3 Years |
30 Days |
R100000 |
30 Days |
There is no credit
limit set in place. This is a very good account. |
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There is no credit |
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limit set in place. |
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The average |
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purchases differ |
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5 |
5 Years |
30 Days |
R 20000 |
30 Days |
based on how
many units are sent in per month. The subject pays mostly on a COD basis.
This is a very good account. |
|
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 |
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Branch |
FRANSCHHOEK |
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Brach Code |
198765 |
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Bank Account Number |
1470072963 |
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Type of Account |
CHEQUE |
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Account Name |
MASQUERADE ANTIQUES AND THINGS CC |
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Overdraft Facilities |
Yes - R100 000 |
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Bank Code |
C for R100 000.00 |
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Bank Comment |
The subject's bankers consider them good for all normal business
engagements. |
Bank Code History -
No Information on Record
Previous Bank Account
Information - No Information on Record
Deeds Information -
No information on record
|
Current Turnover per month |
R 416666.67 |
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Current Turnover per annum |
R 5000000.00 |
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Comment |
The figures are estimated. |
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Please note the following: |
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Turnover and assets less than R 1,000,000.00 |
The subject falls within the National Credit Act |
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Turnover and assets less than R 2,000,000.00 |
The subject falls within the Consumer Protection Act |
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Number of Principals |
1 |
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Average Age of Active Principals |
48 |
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Number of Inactive Principals |
|
Active Principals
Active Principal - 1 of 1 MARTI FOSTER
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Surname |
FOSTER |
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First Name |
MARTI |
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Other Names |
HEYNS |
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ID Number |
6709180015083 |
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Verified ID Number |
Yes |
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Current Age |
47 Years 5 Months |
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Designation |
Member |
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Status |
Active |
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Appointment Date |
2003/08/29 |
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Physical Address (at time of Appointment) |
PO BOX 191, FRANSCHHOEK, 7690 |
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Postal Address |
NO 1 KRUGER STREET, FRANCHHOEK, 7690 |
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Current Tel Number |
0218769344 |
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Cell number |
0832344082 |
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Shareholding/Membership |
100% |
Principal's Adverse
- No information on record
Business Information
for MARTI FOSTER
Principal Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
|
MASQUERADE ANTIQUES AND THINGS CC |
B2003/072928/23 |
Deregistration Process |
0 |
|
MASQUERADE ANTIQUES CC |
B2000/049002/23 |
Deregistration Final |
15 Years 3 Months |
|
WATES MEIRING AND BARNARD EASTERN GAUTENG (PTY)LTD |
M2000/000249/07 |
Deregistration Process |
15 Years 3 Months |
Principal's Previous Business Interests - No information on record
Property Interests
for MARTI FOSTER
|
Title Deed No. |
T39972/1995 |
Erf/Site No. |
106 |
|
Deeds Office |
CAPE TOWN |
Physical Address |
FRANSCHHOEK |
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Property Type |
F |
Extent / Size |
1001.00000000 |
|
Purchase Date |
1995/02/20 |
Purchase price |
R 70000.00 |
|
% Ownership |
0.00 |
Bond Holder |
ABSA BANK LTD |
|
Bond Number |
B368501995 |
Bond Amount |
R 63000.00 |
Property Interests
for MARTI FOSTER
|
Title Deed No. |
T48639/2001 |
Erf/Site No. |
1688 |
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Deeds Office |
CAPE TOWN |
Physical Address |
|
|
Property Type |
E |
Extent / Size |
|
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Purchase Date |
2001/01/31 |
Purchase price |
R 60000.00 |
|
% Ownership |
0.00 |
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
R 0.00 |
Property Interests
for MARTI FOSTER
|
Title Deed No. |
T48640/2001 |
Erf/Site No. |
1689 |
|
Deeds Office |
CAPE TOWN |
Physical Address |
|
|
Property Type |
E |
Extent / Size |
|
|
Purchase Date |
2001/01/31 |
Purchase price |
R 60000.00 |
|
% Ownership |
0.00 |
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
R 0.00 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.14 |
|
UK Pound |
1 |
Rs.95.78 |
|
Euro |
1 |
Rs.71.05 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
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|
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Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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>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.