MIRA INFORM REPORT

 

 

Report Date :

03.01.2015

 

IDENTIFICATION DETAILS

 

Name :

MUSTEK LTD

 

 

Registered Office :

322 - 15th Street, Randjespark, Midrand, 1685

 

 

Country :

South Africa

 

 

Financials (as on) :

2014

 

 

Date of Incorporation :

28.04.1987

 

 

Com. Reg. No.:

M1987/070161/06

 

 

Legal Form :

Private Company

 

 

Line of Business :

·         Engaged as assembler and distributor of Personal Computers and Complementary ICT Products in South Africa

·         Provision of comprehensive ICT Service Solutions

·         Subject product ranges includes Desktops, notebooks and tablets, ICT peripherals, POS systems, Enterprise Infrastructure, Networking, Microsoft Volume Licences, Components, Mobility, Laptops, Peripherals and Printers

 

 

No of Employees :

1020

 

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 – September 30, 2014

 

Country Name

Previous Rating

(30.06.2014)

Current Rating

(30.09.2014)

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

MUSTEK LTD

Country

South Africa

Subject Contact Person

ZAMA - Receptionist

Assessment

On investigation contact was made with ZAMA the Receptionist who advised that Mr. CORNELIUS COETZEE (Financial Director) is currently on leave and will return on the 5th of January 2015.

 

Please note that no information has been confirmed. Please see the available information on the subject below.

 

 

Company information

 

Registered Name

MUSTEK LTD

Trading as/ Division Name

None

Previous Name

None

Date of Name Change

None

Registration Number                                                                

M1987/070161/06

Registration Date

1987/04/28

Date Commenced Trading

1987-04-28

Age of Business

27 Years 8 Months

History of Business

The subject commenced trading as a new company in 1987.

History of Principals

There are currently 7 active directors within the company.

Shareholders/Members/Partners of subject and % holding

Unknown

Status

In Business

Operations Assessment

MUSTEK LTD is the largest assembler and distributor of personal computers and complementary ICT products in South Africa.

 

Engaged as Provision of comprehensive ICT Service Solutions

 

It is the operational business division of the Mustek Group Limited. They distribute on behalf of MECER, POSIFLEX, MICROSOFT, MINIFLEX, DELTA, D-LINK, SAMSUNG, APC, ACER, eBEAM, EPSON, B-TECH, FUJITSU, N-COMPUTING, NEC, TRANSCEND, HUAWEI, LENOVO, TOSHIBA, CANON, ASUS, INTEL, AUDIOMOTION, CORSAIR, COOLER MASTER, EVERKI, GIGABYTE, HISENSERICOH, PNY, nVIDIA, PHILLIPS, TOMTOM, SONY, SEAGATE, MST, RCT and BRANDREX.

Product Description

Desktops, notebooks and tablets, ICT peripherals, POS systems, Enterprise Infrastructure, Networking, Microsoft Volume Licences, Components, Mobility, Laptops, Peripherals and Printers

Industry/ Customers

The information and communication technologies (ICT) industries

Export

Unknown

Import

Unknown

Major Industry Code / SICC

86900

Definition of Code

Other computer related activities

Head Office Physical Address

322 - 15TH STREET, RANDJESPARK, MIDRAND, 1685

Head Office Postal Address

PO BOX 1638, PARKLANDS, BRAYANSTON, 2121

Current Tel Number

0112371000

Current Fax Number

0113145020

Current Email Address

ltd@mustek.co.za

Web Site Address

www.mustek.co.za

 

 

Auditors information

 

Company Registered Name

DELOITTE AND TOUCHE ACTUARIES AND CONSULTANTS (PTY)LTD

Trading Name

DELOITTE AND TOUCHE

Registration Number

M1999/007618/07

Physical Address

DELOITTE PLACE, BUILDING 3,WOODLANDS OFFICE PARK, 20 WOODLANDS DRIVE, WOODMEAD,GAUTENG, 2052

Postal Address

PRIVATE BAG X6, GALLO MANOR, 2052

Contact Person

Unavailable

Email

Unavailable

Principals

2

Judgements Against Subject

None On Record

Judgements Against Principals

None On Record

Subject Verified as Client

No

Practice Number

904899E

VAT Number

4460189394

Tax Number

9645059644

BEE Status

Unavailable

Financial Year End

May

No of years in Business

18 Years 4 Months

Website

www.deloitte.com

 

Previous Auditors Information - No Information on Record

 

 

Tax information

 

Vat Number

4620105041

Status

ACTIVE

Tax Number

9550081716

Financial Year End

June

 

Black Economic Empowerment

 

Status

Yes

Score

2.00

Expire Date

Aug 26 2015

BEE Certificate Available

Yes

 

ISO Status

 

Type of ISO Grade

9001

ISO Certificate

Yes

ISO Certificate Available

No

 

Type of ISO Grade

14001:2004

ISO Certificate

Yes

ISO Certificate Available

Yes

Certified by an Accredited Agent

Yes

 

Type of ISO Grade

20000-1:2001

ISO Certificate

Yes

ISO Certificate Available

Yes

Certified by an Accredited Agent

Yes

 

 

Workman's compensation

 

Registered

Yes

Compliance Certified

Yes

 


Company Structure

 

Subsidiaries Information - No Information on Record

 

Employees

Number of Employees

1020

Comment

A further employee breakdown was not made available

 

Company Fleet Information - No Information on Record

 

Offices Information - No Information on Record

 

Branch Information

 

Branches Names

Country

Province

Mustek Kimberley

South Africa

Northern Cape

Mustek Cape Town

South Africa

Western Cape

Mustek Mahikeng

South Africa

North West

Mustek Nelspruit

South Africa

Mpumalanga

Mustek Durban

South Africa

KwaZulu Natal

Mustek Polokwane

South Africa

Limpopo

Mustek Bloemfontein

South Africa

Free State

Mustek Port Elizabeth

South Africa

Eastern Cape

Mustek East London

South Africa

Eastern Cape

 

 

Management Overview

 

Organisation Chart

Level                            Position                                                Name

1                                  Chief Executive Officer              David Chih-Hsing Kan

2                                  Managing Director                     Hein Engelbrecht

3                                  Financial Director                      Cornelius Jacobus Coetzee

4                                  Non-Executive Director              Mdu Gama

4                                  Non-Executive Director              Ralph Patmore

4                                  Non-Executive Director              Doctor Deenadayalen Konar

4                                  Non Executive Director              Thembisa Dingaan

 

Company Structure Information - No Information on Record

Note: One level up and all levels down

 

Key Deals - No Information on Record

 

Trade References Information - No Information on Record

 

Adverse Information on Subject

 

Judgements - No information on record

 

Business Rescue - No Information on Record

 

Default Listing - No information on record

 

Notarial Bonds - No information on record

 

Bank Information - No Information on Record

 

Bank Code History - No Information on Record

 

Previous Bank Account Information - No Information on Record

 

 

Deeds Information

 

Property Interests for Company MUSTEK LTD

 

Title Deed No.

T6469/2003

Erf/Site No.

13694

Deeds Office

KING WILLIAMS TOWN

Physical Address

22 BELGRAVE 0513-0120-000 EAST LONDON

Property Type

Freehold

Extent / Size

 

Purchase Date

2003/07/11

Purchase price

R 650000.00

% Ownership

0.00

Bond Holder

 

Bond Number

 

Bond Amount

R 0.00

 

Financial Estimates

 

CURRENT ASSETS

R 2701180000.00

CURRENT LIABILITIES

R1717154000.00

Current Turnover per month

R 397010250.00

Current Turnover per annum

R 4764123000.00

 

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

 


Principals

 

Number of Principals

6

Average Age of Active Principals

50

 

Active Principals Active Principal - 1 of 7 HEIN ENGELBRECHT

Surname

ENGELBRECHT

First Name

HEIN

Marital Status

Married

ID Number

6902025011082

Verified ID Number

Yes

Current Age

45 Years

Designation

Managing Director

Status

Active

Appointment Date

2012/09/03

Physical Address (at time of Appointment)

37 CRESCENT ROAD, WATERKLOOF RIDGE, 0181

Postal Address

PO BOX 11576, PRETORIA, GAUTENG

Current Tel Number

0123472248

Cell number

0827747477

Shareholding/Membership

0.00

 

Principal’s Adverse – No Information On Record

 

Active Principal - 2 of 7 CORNELIUS COETZEE

Surname

COETZEE

First Name

CORNELIUS

Other Names

JACOBUS

Marital Status

Married

ID Number

7506275028081

Verified ID Number

Yes

Current Age

39 years

Designation

Financial directors

Status

Active

Appointment Date

2008/07/16

Physical Address (at time of Appointment)

ERF 722, Cornwall Hill ESt Irene 0157

Postal Address

495 Richard St, Hatfield, 83

Current Tel Number

0112371000

Cell number

0832535248

Shareholding/Membership

0.00

 

Principal’s Adverse – No Information On Record

 

Active Principal - 3 of 7 RALPH PATMORE

 

Surname

PATMORE

First Name

Ralph

Other Names

Bruce

Marital Status

Married

ID Number

5204285110089

Verified ID Number

Yes

Current Age

62 Years 8 Months

Designation

Non- Executive Directors

Status

Active

Appointment Date

2009/10/16

Physical Address (at time of Appointment)

1172 Aspen Drive, Dainfern, Gauteng, 2055

Postal Address

P O Box 3348, Dainfern, gauteng, 2055

Current Tel Number

0114216331

Cell number

0824676800

Shareholding/Membership

0.00

 

Principal’s Adverse – No Information On Record

 

Business Information for RALPH PATMORE

 

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

A B E

CONSTRUCTION CHEMICALS LTD

1982/005383/06

In Business

32 Years 8 Months

0

No

ACCENTUATE LTD

M2004/029691/06

In Business

10 Years 10 Months

0

No

APTOPHASE (PTY)LTD

M2010/009852/07

Deregistration Process

4 Years 4 Months

0

No

ARB HOLDINGS LTD

M1986/002975/06

In Business

28 Years 4 Months

0

No

CALGRO M3 HOLDINGS LTD

M2005/027663/06

In Business

9 Years 9 Months

1

No

DELTA ROOFING CC

M1994/025170/23

Dissolved

20 Years 8 Months

0

No

EP CAPITAL FINANCE CC

B2006/139637/23

In Business

8 Years 8 Months

0

No

ERBACON INVESTMENT HOLDINGS LTD

M2007/014490/06

In Business

7 Years 7 Months

1

No

EVERITE

IRRIGATION

(PTY)LTD

M1905/035622/07

Unknown Data

65 Years 5 Months

0

No

MOMA MARKETING CC

B2004/031813/23

In Business

10 Years 10 Months

0

No

MUSTEK LTD

M1987/070161/06

In Business

27 Years 3 Months

0

No

PSV HOLDINGS LTD

M1998/004365/06

In Business

16 Years 4 Months

0

No

RALPH PATMORE AND ASSOCIATES

5204285110089

 

Unknown

0

No

SENTULA MINING LTD

M1992/001973/06

In Business

22 Years 10 Months

0

No

SUMMERTIME ENTERPRISES (PTY)LTD

K2013/070150/07

In Business

1 Years 1 Months

0

No

THE STRATEGY SHOP (PTY)LTD

M2011/007926/07

In Business

3 Years 3 Months

0

No

ZELPY 1977 (PTY)LTD

M2003/013119/07

In Business

11 Years 11 Months

0

No

 

Principal Previous Business Interests

 

Average Age of Previous Business                                                                    24 Years

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

A B E CONSTRUCTION CHEMICALS (PTY)LTD

M1982/005383/07

In Business

32 Years 8 Months

0

No

BYM BUILDING SUPPLIES (PTY)LTD

M1995/003883/07

In Business

19 Years 7 Months

0

No

CAMPWELL HARDWARE (PTY)LTD

M2006/016431/07

In Business

8 Years 8 Months

0

No

CMG HOLDINGS (PTY)LTD

M1999/004206/07

In Business

15 Years 3 Months

0

No

D AND A TIMBERS (PTY)LTD

M1998/025853/07

In Business

16 Years 4 Months

0

No

D AND A TRUSS COMPANY (PTY)LTD

M2002/019276/07

In Business

 

0

No

D P I HOLDINGS (PTY)LTD

M1987/006531/07

In Business

27 Years 3 Months

0

No

DURO BRICK COMPANY (PTY)LTD

M1929/001280/07

In Business

85 Years 1 Months

0

No

EVERITE (PTY)LTD

M1941/014582/07

In Business

73 Years 1 Months

0

No

ILIAD AFRICA

INVESTMENTS

(PTY)LTD

M1999/010559/07

In Business

15 Years 3 Months

0

No

ILIAD AFRICA LTD

M1997/011938/06

In Business

17 Years 5 Months

0

No

ILIAD AFRICA TRADING (PTY)LTD

M1997/010059/07

In Business

17 Years 5 Months

1

No

UNITED METAL

PROCESSORS

(PTY)LTD

M1988/006069/07

In Business

26 Years 2 Months

0

No

UNITED STEEL AND PIPE SUPPLIES (PTY)LTD

M1994/003538/07

In Business

20 Years 8 Months

0

No

UNITED TUBE (PTY)LTD

M1997/013442/07

In Business

17 Years 5 Months

0

No

WILLIAM TELL HOLDINGS LTD

M2004/030045/06

Deregistration Process

10 Years 10 Months

0

No

 

Principal Deeds Information

 

Property Interests for RALPH PATMORE

 

Title Deed No.

ST30611/2003

Erf/Site No.

866

Deeds Office

PRETORIA

Physical Address

DOUGLASDALE SANDTON

Property Type

U

Extent / Size

 

Purchase Date

2003/01/14

Purchase price

R 440000.00

% Ownership

0.00

Bond Holder

STANDARD BANK OF SOUTH AFRICA L

Bond Number

B72662002

Bond Amount

R16500000.00

 

Active Principal - 4 of 7 THEMBISA DINGAAN

 

Surname

DINGAAN

First Name

THEMBISA

Marital Status

Married

ID Number

7304070483085

Verified ID Number

Yes

Current Age

41 Years 8 Months

Designation

Non-Executive Director

Status

Active

Appointment Date

2009/02/06

Physical Address (at time of Appointment)

3 BURLEIGH CRESCENT, DURBAN NORTH, KWA-ZULU NATAL, 4036

Postal Address

3 BURLEIGH CRESCENT, DURBAN NORTH, KWA-ZULU NATAL, 4051

Current Tel Number

0112802203

Cell number

0784569577

Shareholding/Membership

0.00

 

Principal’s Adverse – No Information On Record

 

Business Information for THEMBISA DINGAAN

 

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

ABSA BANK LTD

M1986/004794/06

In Business

28 Years 4 Months

12

No

ADAPTIT HOLDINGS LTD

M1998/017276/06

In Business

16 Years 4 Months

1

No

AFRIPACK (PTY)LTD

M1933/004294/07

In Business

81 Years 9 Months

0

No

AFRIPACK CONSUMER FLEXIBLES (PTY)LTD

M2008/016495/07

In Business

6 Years 6 Months

0

No

AFRIPACK HOLDINGS (PTY)LTD

K2012/176572/07

In Business

2 Years 2 Months

0

No

ALCORUS (PTY)LTD

M2005/020859/07

Deregistration Final

9 Years 9 Months

0

No

ALLORCA (PTY)LTD

M2003/031985/07

In Business

11 Years 11 Months

0

No

BORZOV

INVESTMENTS

(PTY)LTD

M2003/027255/07

Deregistration Final

11 Years 11 Months

0

No

BROADCAPE

INVESTMENTS

(PTY)LTD

M1999/026859/07

Deregistration Process

15 Years 3 Months

0

No

CARDIAC MOBILE (PTY)LTD

M2010/007283/07

Deregistration Process

4 Years 4 Months

0

No

CENTRIC

CONSORTIUM

(PTY)LTD

M2006/000664/07

In Business

8 Years 8 Months

0

No

IDENTITY CORPORATE ADVISORS (PTY)LTD

2006/006281/07

Deregistration Final

8 Years 8 Months

0

No

IMPERIAL HOLDINGS LTD

M1946/021048/06

In Business

68 Years 8 Months

1

No

MUSTEK LTD

M1987/070161/06

In Business

27 Years 3 Months

0

No

PERSONIFY (PTY)LTD

M2003/027556/07

Deregistration Final

11 Years 11 Months

0

No

RIVALO

INVESTMENTS

(PTY)LTD

M2004/029671/07

In Business

10 Years 10 Months

0

No

SKWEYIYA INVESTMENT HOLDINGS (PTY)LTD

M1998/010435/07

In Business

16 Years 4 Months

1

No

SKWEYIYA

INVESTMENTS

(PTY)LTD

M1998/010111/07

In Business

16 Years 4 Months

0

No

SUMITOMO RUBBER SOUTH AFRICA (PTY)LTD

M1997/021619/07

In Business

17 Years 5 Months

0

No

TERMICO (PTY)LTD

M2006/025307/07

In Business

8 Years 8 Months

0

No

THESHKA (PTY)LTD

M2011/004840/07

Deregistration Process

3 Years 3 Months

0

No

UKHAMBA HOLDINGS (PTY)LTD

M1998/017702/07

In Business

16 Years 4 Months

0

No

ZEIGLER

INVESTMENTS

(PTY)LTD

M2003/027490/07

Deregistration Process

11 Years 11 Months

0

No

 

Principal Previous Business Interests

 

Average Age of Previous Business        10 Years

 

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

 

AFRICAN FOOTPRINT INVESTMENT HOLDINGS (PTY)LTD

M2004/017111/07

Deregistration Process

10 Years 10 Months

0

No

 

AGITO CAPITAL (PTY)LTD

M2004/009777/07

Deregistration Final

10 Years 10 Months

0

No

 

AGITO GROUP (PTY)LTD

M2002/025386/07

Deregistration Final

 

0

No

 

AKINA ENERGY RESOURCES (PTY)LTD

M2007/007601/07

Deregistration Final

7 Years 7 Months

0

No

 

AMALINDA PRIVATE HOSPITAL (PTY)LTD

K2011/126235/07

In Business

3 Years 3 Months

0

No

 

CIPLA MEDPRO SOUTH AFRICA LTD

M2002/018027/06

In Business

 

0

No

 

EXPORT CREDIT INSURANCE CORPORATION OF SOUTH AFRICA

M2001/013128/30

In Business

13 Years 1 Months

0

No

 

EXPORT CREDIT INSURANCE CORPORATION OF SOUTH AFRICA LTD

M2001/013128/06

In Business

13 Years 1 Months

0

No

 

FORTUNE BEVERAGES LTD

M1986/002814/06

In Business

28 Years 4 Months

0

No

 

IMBALIE BEAUTY LTD

M2003/025374/06

In Business

11 Years 11 Months

0

No

 

MINSKI (PTY)LTD

M2006/006668/07

In Business

8 Years 8 Months

0

No

 

NOZALA

INVESTMENTS

(PTY)LTD

M1996/004733/07

In Business

18 Years 6 Months

0

No

 

OLD MUTUAL GLOBAL INDEX TRACKERS (PTY)LTD

M2000/028675/07

In Business

14 Years 2 Months

0

No

 

ONE STONE CAPITAL (PTY)LTD

M2000/008789/07

In Business

14 Years 2 Months

0

No

PIKITUP

JOHANNESBURG (PTY)LTD

M2000/029899/07

In Business

14 Years 2 Months

0

No

ROYAL BAFOKENG RESOURCES HOLDINGS (PTY)LTD

M2002/015191/07

In Business

 

0

No

SWEET SENSATION 67 (PTY)LTD

M2005/040970/07

In Business

9 Years 9 Months

0

No

WORKLESS DATA NO 54 (PTY)LTD

M1997/000687/07

In Business

17 Years 5 Months

0

No

 

Principal Deeds Information

 

Property Interests for THEMBISA DINGAAN

 

Title Deed No.

T35057/2009

Erf/Site No.

1437

Deeds Office

PIETERMARITZBURG

Physical Address

 

Property Type

E

Extent / Size

 

Purchase Date

2009/07/05

Purchase price

R 3700000.00

% Ownership

0.00

Bond Holder

NEDBANK LTD

Bond Number

B178042009

Bond Amount

R 2960000.00

Active Principal - 5 of 7 DEENADAYALEN KONAR

 

Surname

KONAR

First Name

DEENADAYALEN

Marital Status

Single

ID Number

5402195036085

Verified ID Number

Yes

Current Age

60 Years 10 Months

Designation

Non-Executive Director

Status

Active

Appointment Date

2003/11/25

Physical Address (at time of Appointment)

7 CLIFTON HILLS, 59 HIGHCLIFF WAY, NORTHCLIFF EXT 12, GAUTENG, 2195

Postal Address

7 CLIFTON HILLS, 59 HIGHCLIFF WAY, NORTHCLIFF EXT 12, GAUTENG, 2195

Current Tel Number

0118806374

Cell number

0825543920

Shareholding/Membership

0.00

 

Principal’s Adverse – No Information On Record

 

Business Information for DEENADAYALEN KONAR

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

SENIORS FINANCE (PTY)LTD

M2005/039721/07

In Business

9 Years 9 Months

0

No

SENIORS'' FINANCE SECURITY SPV (PTY)LTD

M2007/019770/07

In Business

7 Years 7 Months

0

No

SUPERFLEX LTD

M1995/010767/06

In Business

19 Years 7 Months

2

No

ALEXANDER

FORBES

EMPOWERMENT

HOLDINGS

(PTY)LTD

M2003/017667/07

In Business

11 Years 11 Months

0

No

ALEXANDER FORBES FIDUCIARY SERVICES LTD

M1920/002057/06

In Business

94 Years 10 Months

0

No

ALEXANDER FORBES FINANCIAL SERVICES (PTY)LTD

M1969/018487/07

In Business

45 Years 9 Months

2

No

ALEXANDER

FORBES FINANCIAL

SERVICES

HOLDINGS

(PTY)LTD

M1995/012732/07

In Business

19 Years 7 Months

0

No

ALEXANDER

FORBES

INDIVIDUAL CLIENT

ADMINISTRATION

(PTY)LTD

M2007/015632/07

In Business

7 Years 7 Months

0

No

ALEXANDER FORBES INSURANCE COMPANY LTD

M1976/001547/06

In Business

38 Years 2 Months

0

No

ALEXANDER FORBES INVESTMENTS (PTY)LTD

M1997/003924/07

Deregistration Final

17 Years 5 Months

0

No

ALEXANDER FORBES LIFE LTD

M1997/022561/06

In Business

17 Years 5 Months

0

No

CREDIT SUISSE SECURITIES (JOHANNESBURG) (PTY)LTD

M2010/000377/07

In Business

4 Years 4 Months

0

No

GUARDRISK HOLDINGS LTD

M1999/018080/06

Deregistered -Merger

15 Years 3 Months

0

No

GUARDRISK INSURANCE COMPANY LTD

M1992/001639/06

In Business

22 Years 10 Months

1

No

GUARDRISK LIFE LTD

M1999/013922/06

In Business

15 Years 3 Months

0

No

INVESTMENT SOLUTIONS HOLDINGS LTD

M1997/022540/06

In Business

17 Years 5 Months

0

No

INVESTMENT SOLUTIONS INTERNATIONAL (PTY)LTD

M1999/009202/07

In Business

15 Years 3 Months

0

No

INVESTMENT SOLUTIONS LTD

M1997/000595/06

In Business

17 Years 5 Months

0

No

INVESTMENT

SOLUTIONS

TRANSITION MANAGEMENT

SERVICES

(PTY)LTD

M2000/026510/07

In Business

14 Years 2 Months

0

No

INVESTMENT

SOLUTIONS

TRUSTEE

COMPANY

(PTY)LTD

M2000/027207/07

In Business

14 Years 2 Months

0

No

LONMIN PUBLIC LIMITED COMPANY

M1969/000015/10

In Business

45 Years 9 Months

0

No

MOMENTUM ABILITY LTD

M1999/005364/06

In Business

15 Years 3 Months

0

No

MOMENTUM ALTERNATIVE INSURANCE LTD

M2001/027786/06

In Business

13 Years 1 Months

0

No

MOMENTUM STRUCTURED INSURANCE LTD

M1991/005238/06

In Business

23 Years 11 Months

0

No

OLD MUTUAL INVESTMENT GROUP HOLDINGS (PTY)LTD

M2008/026974/07

In Business

6 Years 6 Months

0

No

 

Principal Previous Business Interests

 

Average Age of Previous Business                                                        14 Years

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

AFRICAN BRICK CENTRE LTD

M1999/006214/06

In Business

15 Years 3 Months

0

No

ALEXANDER FORBES RISK AND INSURANCE SERVICES (PTY)LTD

M1985/002410/07

In Business

29 Years 5 Months

0

No

BEIGE HOLDINGS LTD

M1997/006871/06

In Business

17 Years 5 Months

0

No

CMS CAPITAL (PTY)LTD

M1998/021205/07

In Business

16 Years 4 Months

0

No

COLLECTION AND FINANCIAL SERVICES (PTY)LTD

M1999/012519/07

In Business

15 Years 3 Months

0

No

CREDIT MANAGEMENT SOLUTIONS (PTY)LTD

M2000/015860/07

Deregistration Process

14 Years 2 Months

0

No

CRESOL (PTY)LTD

M1999/006698/07

Deregistration Final

15 Years 3 Months

0

No

MACSTEEL HOLDINGS (PTY)LTD

M1966/011321/07

In Business

 

0

No

MAKALANI HOLDINGS LTD

M2005/000726/06

In Business

9 Years 9 Months

0

No

MUTUAL AND FEDERAL INSURANCE COMPANY LTD

M1970/006619/06

In Business

44 Years 8 Months

2

No

OLD MUTUAL EMERGING MARKETS LTD

M1998/012277/06

In Business

16 Years 4 Months

0

No

OLD MUTUAL INVESTMENT GROUP (PTY)LTD

M1993/003023/07

In Business

21 Years 9 Months

0

No

OLD MUTUAL LIFE ASSURANCE COMPANY (SOUTH AFRICA) LTD

M1999/004643/06

In Business

15 Years 3 Months

2

No

OLD MUTUAL LIFE HOLDINGS (SOUTH AFRICA) (PTY)LTD

M1998/012277/07

In Business

16 Years 4 Months

0

No

PARETO LTD

M1998/000118/06

In Business

16 Years 4 Months

1

No

PINNACLE POINT GROUP LTD

M2000/000059/06

In Liquidation

14 Years 2 Months

0

Yes

SENTECH

M1990/001791/30

In Business

 

0

No

SENTECH LTD

M1990/001791/06

In Business

 

1

No

SOUTH AFRICAN AIRWAYS

M1997/022444/30

In Business

17 Years 5 Months

0

No

SOUTH AFRICAN AIRWAYS (PTY)LTD

M1997/022444/07

In Business

17 Years 5 Months

1

No

SOUTH AFRICAN RESERVE BANK CAPTIVE INSURANCE COMPANY (RF) LTD

M2000/027085/06

In Business

14 Years 2 Months

0

No

SUN INTERNATIONAL (SOUTH AFRICA) LTD

M1977/071333/06

In Business

37 Years 1 Months

0

No

TRANSACTION CAPITAL (PTY)LTD

M2002/031730/07

In Business

 

0

No

TRANSACTION CAPITAL LTD

M2002/031730/06

In Business

 

0

No

YAKANI GROUP (PTY)LTD

M1998/012147/07

In Business

16 Years 4 Months

0

No

 

Principal Deeds Information

 

Property Interests for DEENADAYALEN KONAR

 

Title Deed No.

T30151/2005

Erf/Site No.

451

Deeds Office

PRETORIA

Physical Address

58 3RD HYDE PARK SANDTON

Property Type

E

Extent / Size

 

Purchase Date

2004/12/03

Purchase price

R 3400000.00

% Ownership

0.00

Bond Holder

FIRSTRAND BANK LTD

Bond Number

B336862005

Bond Amount

R 2000000.00

 

Active Principal - 6 of 7 MDUDUZI GAMA

 

Surname

GAMA

First Name

MDUDUZI

Other Names

EDWARD

Marital Status

Married

ID Number

6906015422084

Verified ID Number

Yes

Current Age

45 Years 6 Months

Designation

Non-Executive Director

Status

Active

Appointment Date

2002/08/15

Physical Address (at time of Appointment)

22 SITA AVENUE, HELDERKRUIN, 1724

Postal Address

P O BOX 12506, CLUBVIEW, 0014

Current Tel Number

0117684702

Cell number

0725080008

Shareholding/Membership

0.00

 


 

Principal’s Adverse – No Information On Record

 

Business Information for MDUDUZI GAMA

 

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

BOKAMOSO TECHNOLOGY CONSULTING (PTY)LTD

M1999/022582/07

Deregistration Final

15 Years 3 Months

0

No

CALGRO M3 HOLDINGS LTD

M2005/027663/06

In Business

9 Years 9 Months

1

No

CONTIPRINT CC

B1996/007633/23

In Business

18 Years 6 Months

0

No

KAYLOI LTD

M2000/012043/06

Deregistration Final

14 Years 2 Months

0

No

KWAMASHU

COMMUNITY

VILLAGE

M1998/002360/08

Deregistration Process

16 Years 4 Months

0

No

MAJESTIC WARRIOR INVESTMENTS 13 (PTY)LTD

M2003/011432/07

Deregistration Process

11 Years 11 Months

0

No

MDUGAMA

INVESTMENTS

(PTY)LTD

M2003/015436/07

In Business

11 Years 11 Months

0

No

MUSTEK LTD

M1987/070161/06

In Business

27 Years 3 Months

0

No

NANO INVESTMENT

HOLDINGS

(PTY)LTD

M1997/005811/07

Deregistration Final

17 Years 5 Months

0

No

RESULTANT FINANCE (PTY)LTD

M2002/020588/07

In Business

0

0

No

SAFEWAY TRADE AND INVEST 1013 CC

B2008/116358/23

In Business

6 Years 6 Months

0

No

XPEDIA

INNOVATIONS

(PTY)LTD

M2005/040216/07

Deregistration Process

9 Years 9 Months

0

No

 


Principal Previous Business Interests

 

Average Age of Previous Business                                                                    15 Years

 

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

COMZTEK HOLDINGS (PTY)LTD

M1997/015230/07

In Business

17 Years 5 Months

0

No

 

MEEG ASSET FINANCE (PTY)LTD

M1998/023887/07

Deregistration Process

16 Years 4 Months

0

No

 

TOTAL SERVICE

 

 

 

 

 

 

SOLUTIONS

M2001/024655/07

Deregistration

13 Years 1

1

No

 

SOUTHERN AFRICA

 

 

Process

Months

 

 

 

 

 

(PTY)LTD

 

 

 

 

 

 

 

Principal Deeds Information

 

Property Interests for MDUDUZI GAMA

 

Title Deed No.

T64218/1999

Erf/Site No.

0

Deeds Office

JOHANNESBURG

Physical Address

22 SITA HELDERKRUIN ROODEPOORT

Property Type

E

Extent / Size

 

Purchase Date

1999/08/20

Purchase price

R 450000.00

% Ownership

0.00

Bond Holder

STANDARD BANK OF SOUTH AFRICA L

Bond Number

B314241999

Bond Amount

R 450000.00

 

Active Principal - 7 of 7 DAVID KAN

 

Surname

KAN

First Name

DAVID

Other Names

CHIH-HSING

Marital Status

Married

ID Number

5907025826182

Verified ID Number

Yes

Current Age

55 Years 10 Months

Designation

Chief Executive Officer

Status

Active

Appointment Date

1990/04/26

Physical Address (at time of Appointment)

6 OAK DRIVE, OAKTREE VILLAGE, KYALAMI ESTATES, MIDRAND, 1685

Postal Address

P O BOX 1685, PARKLANDS, 2121

Current Tel Number

0117022350

Cell number

0826116040

Shareholding/Membership

0.00

 

Principal’s Adverse – No Information On Record

 

Business Information for DAVID KAN

 

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

BALLENA TRADING 29 (PTY)LTD

M2009/003297/07

In Business

5 Years 5 Months

0

No

BROBUSMAC

INVESTMENTS

(PTY)LTD

M1990/000991/07

In Business

0

0

No

DIGITAL SURVEILLANCE SYSTEMS (PTY)LTD

M2007/013543/07

In Business

7 Years 7 Months

0

No

FIRST CAMPUS COMPUTER TRAINING (PTY)LTD

M1997/005134/07

Deregistration Process

17 Years 5 Months

0

No

KHAULEZA IT

SOLUTIONS

(PTY)LTD

M2000/003076/07

In Business

14 Years 2 Months

0

No

LITHATEK

INVESTMENTS

(PTY)LTD

M1997/016699/07

In Business

17 Years 5 Months

0

No

MAKESHIFT 1000 (PTY)LTD

M1998/003657/07

In Business

16 Years 4 Months

0

No

MECER INTER-ED (PTY)LTD

M1990/002858/07

In Business

0

0

No

MUSTEK CAPITAL (PTY)LTD

M1999/023936/07

Deregistration Process

15 Years 3 Months

0

No

MUSTEK ELECTRONICS (JOHANNESBURG) (PTY)LTD

M1997/006973/07

AR Final Deregistration

17 Years 5 Months

0

No

MUSTEK HOUSE SHARE BLOCK COMPANY (PTY)LTD

M2000/000001/07

Deregistration Final

14 Years 2 Months

0

No

MUSTEK

INVESTMENTS

(PTY)LTD

M1995/000637/07

In Business

19 Years 7 Months

0

No

PREMITO SHARE BLOCK COMPANY (PTY)LTD

M2003/028767/07

In Business

11 Years 11 Months

0

No

PREWORX (PTY)LTD

M1997/002295/07

In Business

17 Years 5 Months

0

No

PWS INVESTMENTS (PTY)LTD

M2002/018365/07

In Business

0

0

No

QUICKSTEP 94 (PTY)LTD

M1999/009163/07

In Business

15 Years 3 Months

0

No

QUICKSTEP 95 (PTY)LTD

M1999/009438/07

Deregistration Process

15 Years 3 Months

0

No

RECTRON (PTY)LTD

M1995/003772/07

In Business

19 Years 7 Months

0

No

RECTRON HOLDINGS LTD

M1998/015355/06

In Business

16 Years 4 Months

0

No

SECURE ELECTRONIC COMMERCE (PTY)LTD

M1999/009153/07

In Business

15 Years 3 Months

0

No

SIZWE AFRICA IT GROUP (PTY)LTD

M2000/020258/07

In Business

14 Years 2 Months

0

No

THIRD PARTY

MANAGEMENT

(PTY)LTD

M1992/005216/07

Deregistration Final

22 Years 10 Months

0

No

TRADESELECT 38 (PTY)LTD

M1995/007076/07

In Business

19 Years 7 Months

0

No

ZALOSERVE (PTY)LTD

K2012/179283/07

In Business

2 Years 2 Months

0

No

ZATOPHASE (PTY)LTD

K2013/156746/07

In Business

1 Years 1 Months

0

No

 

Principal Previous Business Interests

 

Average Age of Previous Business                                                                                11 Years

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

AUDIOMOTION ELECTRONICS SOUTH AFRICA (PTY)LTD

M2003/012527/07

In Business

11 Years 11 Months

1

No

BASTIAN FINANCIAL SERVICES (PTY)LTD

M1998/007488/07

Deregistration Process

16 Years 4 Months

2

No

COLUMBUS

TECHNOLOGIES

(PTY)LTD

M2002/021179/07

In Business

 

0

No

COMZTEK (PTY)LTD

M2004/002266/07

In Business

10 Years 10 Months

0

No

COMZTEK HOLDINGS (PTY)LTD

M1997/015230/07

In Business

17 Years 5 Months

0

No

GUMA SUPPORT (PTY)LTD

M2002/002176/07

In Business

 

0

No

KNOPPIES TRADING AND UNDERWRITING (PTY)LTD

M1997/018677/07

Voluntary Liquidation

17 Years 5 Months

0

Yes

LITHA HEALTH CARE

INVESTMENTS

(PTY)LTD

M1997/019128/07

In Business

17 Years 5 Months

0

No

 


FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.63.29

UK Pound

1

Rs.98.39

Euro

1

Rs.76.31

 

INFORMATION DETAILS

 

Analysis Done by :

SUB

 

 

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.