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MIRA
INFORM REPORT
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Report No. : |
491635 |
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Report Date : |
01.03.2018 |
IDENTIFICATION DETAILS
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Name : |
GEZE SOUTH AFRICA |
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Formerly Known As : |
·
BLUE FALCON 72 TRADING (24/11/2009) ·
GEZE DISTRIBUTION (11/02/2015) |
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Registered Office : |
Building
3 1019 Morkels Close Midrand Gauteng1685 |
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Country : |
South Africa |
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Date of Incorporation : |
02.09.2009 |
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Com. Reg. No.: |
2009/017106/07 |
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Legal Form : |
Private Company |
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Line of Business : |
The subject is involved in the wholesale distribution
of hardware used in the manufacturin of doors, windows, smoke and heat
extraction systems as well as automatic door systems. |
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No. of Employees : |
42 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRAs Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but Correct |
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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
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Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
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South Africa |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
SOUTH
AFRICA - ECONOMIC OVERVIEW
South Africa is a middle-income emerging market with an abundant supply of natural resources; well-developed financial, legal, communications, energy, and transport sectors; and a stock exchange that is Africas largest and among the top 20 in the world.
Economic growth has decelerated in recent years, slowing to an estimated 0.7% in 2017. Unemployment, poverty, and inequality - among the highest in the world - remain a challenge. Official unemployment is roughly 27% of the workforce, and runs significantly higher among black youth. 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. 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; in late 2016 they issued a request for bids to revamp South Africas nuclear power generating capabilities. Load shedding and resulting rolling blackouts gripped many parts of South Africa in late 2014 and early 2015 because of electricity supply constraints due to technical problems at some generation units, unavoidable planned maintenance, and an accident at a power station.
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 government faces growing pressure from urban constituencies to improve the delivery of basic services to low-income areas, to increase job growth, and to provide university level-education at affordable prices. Political infighting among South Africas ruling party and the volatility of the rand risks economic growth. International investors are concerned about the countrys long-term economic stability; as of December 2016, most major international credit ratings agencies placed South Africa only one level above junk bond status.
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Source
: CIA |
Executive Summary
The subject has a medium track record. No judgments
recorded against the subject. There are no principal judgments. A comprehensive trade survey could not be
obtained. The subject has an excellent reputation. The subject is considered
equal to its normal business engagements.
COMPANY INFORMATION
OVERVIEW
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History |
GEZE
SOUTH AFRICA (PTY) LTD was established in September 2009 when the details of
a shelf company styled BLUE FALCON 72 TRADING (PTY) LTD were utilised for
trade reference purposes. The subject underwent a name change to GEZE
DISTRIBUTION (PTY) LTD in November 2009 when operations commenced. A further
name change was made in February 2015 to its current name. The subject is not
aware of any business rescue procedures against it. |
STATUTORY INFORMATION
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Registered
Name |
GEZE
SOUTH AFRICA |
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Previous
Names |
BLUE FALCON 72 TRADING (24/11/2009) GEZE DISTRIBUTION (11/02/2015) |
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Registration
Number |
2009/017106/07 |
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Type
Of Company |
Private
Company |
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Registered
Date |
02/09/2009 |
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Date
Commenced Trading |
02/09/2009 |
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Commercial
Status |
In
Business |
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Financial
Year End |
June |
CONTACT DETAILS
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Contact
Number |
+27
11 315 8286 |
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Fax
Number |
+27
11 315 8261 |
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Website |
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Social
Media Presence |
Facebook;
LinkedIn; Twitter; YouTube |
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Registered
Physical Address |
BUILDING
3 1019
MORKELS CLOSE MIDRAND GAUTENG South
Africa 1685 |
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Trading
Physical Address |
1013
Morkels Close MIDRAND Gauteng South
Africa 1685 |
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Postal
Address |
P
O Box 7934 MIDRAND Gauteng South
Africa 1685 |
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TAX INFORMATION
TAX
INFORMATION
Income
Tax Number 9894116152
VAT
INFORMATION
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VAT
Status |
The
subject is registered for VAT (VAT number/s made available) |
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VAT
Number |
4310255585 |
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Status |
Active |
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Registered
Name |
GEZE
SOUTH AFRICA |
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Trading
Name |
GEZE
DISTRIBUTION PTY LTD |
OFFICERS AND PROFESSIONAL SERVICES
LIST OF
OFFICERS AND PROFESSIONAL SERVICES
|
Type |
Name |
Contact
Name |
Contact
Number |
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Auditor |
VAN
WYK COMPTON INC |
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Insurance |
ECONORISK
INSURANCE BROKERS |
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OWNERSHIP STRUCTURE
SHAREHOLDING INFORMATION
CURRENT
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Holding
Company |
Share |
Type |
Comment |
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GEZE
INTERNATIONAL GMBH |
100.00% |
Holding
Company |
Incorporated
in Germany |
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PRINCIPAL INFORMATION
Director
/ Member
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Full
Name ID No. |
Type |
Status |
DOA |
Active
Interests |
Previous
Interests |
Judgments |
Fraud
Listing |
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KEVIN JOEL DIAMOND |
6107125248085 |
Director |
Active |
01/07/2010 |
3 |
1 |
0 |
0 |
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CHRISTIAN
FISCHER |
6606280000000 |
Director |
Resigned |
12/10/2011 |
3 |
4 |
0 |
0 |
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JANET MARY SALMON |
5606180103185 |
Director |
Resigned |
02/09/2009 |
0 |
0 |
0 |
0 |
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MICHAEL
SCHELL |
5912040000000 |
Director |
Resigned |
17/12/2009 |
0 |
2 |
0 |
0 |
ACTIVE
BUSINESS INTERESTS: KEVIN JOEL DIAMOND
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Company
Name |
Registration
No. |
Business
Status |
Principal
Status |
Principal
Type |
Judgments |
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GEZE
HOLDINGS |
2009/016079/07 |
In
Business |
Active |
Director |
0 |
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ENTRAWAY
ENTRANCE TECHNOLOGIES |
2012/166247/07 |
In
Business |
Active |
Director |
1 |
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BRONZE
BOOK INVESTMENTS |
1995/006039/07 |
In
Business |
Active |
Director |
0 |
PREVIOUS
BUSINESS INTERESTS: KEVIN JOEL DIAMOND
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Company
Name |
Registration
No. |
Business
Status |
Principal
Status |
Principal
Type |
Judgments |
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JETMASTER |
1951/001993/07 |
In
Business |
Resigned |
Director |
0 |
Management
No principals found for this principal type.
Officer
No principals found for this principal type
Other
No principals found for this principal type.
GENERAL
COMMENTS
General
Comments Judgement on other business interest
BANK ACCOUNT INFORMATION
BANK
ACCOUNTS
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Account
Reference Number |
Account
Holder |
Account
Number |
Bank
Name |
Branch
Name |
Branch
Code |
Verification
Status |
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ABB162497 |
GEZE
SOUTH AFRICA (PTY) LTD |
Declined |
Standard
Bank (South Africa) |
Midrand |
051001 |
Unverified |
OPERATIONAL ACTIVITIES
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Operational
Activities Status |
The
following information was provided |
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Industry |
Wholesale |
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Major
Industry SIC Code |
466
- Other specialised wholesale |
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NACE
Code |
46,7
- Other specialised wholesale |
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MAJOR OPERATION
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Major Business Activities |
The subject is involved in the wholesale
distribution of hardware used in the manufacturin of doors, windows, smoke
and heat extraction systems as well as automatic door systems. |
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Foreign Trade Activities |
International |
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Agencies Held |
Subject holds no agencies. |
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Franchises Held |
The subject holds no franchises. |
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Major Suppliers |
EUROLOCK TRITON
EXPRESS PENNANT
FREIGHT DCL
SA DISTRIBUTORS (An affiliated company, which undertakes the import
of supplies from the United Kingdom, Italy, Hong Kong and Germany.) |
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Major Customers |
The
construction industry The
hardware retail industry |
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Major Brands |
GEZE |
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Major Contracts |
Subject does not operate on a contract basis. |
EXPORT ACTIVITIES
Subject exports
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Exports To |
To the value of |
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Africa |
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OPERATIONAL FOOTPRINT
Operational
Footprint Status
The
following information was provided
BRANCH
& PREMISES INFORMATION
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Location |
Description/Type |
Size (m2) |
# of Staff |
Rented or Owned |
Lease Expiry Date |
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MIDRAND |
Warehouse Office Showroom |
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Leased |
N/A |
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PINETOWN |
Showroom Office |
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Leased |
N/A |
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TYGER |
Office |
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Leased |
N/A |
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VALLEY |
Showroom |
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EMPLOYEES
Permanent Employees 42
COMPANY
FLEET
Total Vehicles 6
The fleet is made up of:
The breakdown was not made available 6 Owned
FINANCING TERMS
FINANCING TERMS
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Sales Terms |
30 Days |
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Overdraft Facility |
The Subject does not have an overdraft facility |
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Sureties |
The Principals have not signed sureties. |
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Debtors Ceded |
Debtors have not been ceded. |
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Debtors Factored |
Debtors have not been factored. |
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Bonds |
The Subject has no bonds. |
FINANCIAL FIGURES
GENERAL COMMENTS
General
Comments Financial information was
declined.
TRADE REFERENCES
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Trade Reference |
Date |
Trade Score |
Terms Given (Taken) in days |
Monthly Limit Given (Taken) |
Account Opened |
Payment Trend (prev. 3 years) |
Account Insured |
Notes |
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TR180226108 |
26/02/2018 |
N/A |
30 Days (30 Days) |
100,000 (Confidential) |
2018 |
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Yes |
The account is too new to comment on. |
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TR180226107 |
26/02/2018 |
N/A |
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Company policy not to provide trade references |
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TR180226106 |
26/02/2018 |
N/A |
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Company policy not to provide trade references |
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TR180226105 |
26/02/2018 |
N/A |
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Company policy not to provide trade references |
TRADE REFERENCE ANALYTICS
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Number of valid Trade References |
0 |
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Overall Trade Score |
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Average Usage of Terms |
100% |
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Average Monthly Purchase |
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Average Usage of Credit Limit |
0% |
GENERAL COMMENTS
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General Comments |
Further creditors details were not made available
for trade reference purposes as the subject sources most of its supplies from
the affiliated company, DCL SA DISTRIBUTORS. |
COURT NOTICES
No judgments on file in the name of the subject
No liquidation applications on file in the name of the subject
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 65.10 |
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|
1 |
INR 94.44 |
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Euro |
1 |
INR 79.59 |
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ZAR |
1 |
INR 5.48 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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PRI |
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Report Prepared
by : |
TRU |
RATING EXPLANATIONS
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SCs 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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.