|
|
|
%20LTD%20-%20492787%2006-Mar-2018_files/image007.jpg){kind=small}
%20LTD%20-%20492787%2006-Mar-2018_files/image008.jpg)
%20LTD%20-%20492787%2006-Mar-2018_files/image010.gif)
MIRA INFORM REPORT
|
Report No. : |
492787 |
|
Report Date : |
06.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
WIZARD COLLECTIVE (PTY)
LTD |
|
|
|
|
Formerly Known As : |
SHAULA INVESTMENTS |
|
|
|
|
Registered Office : |
41 Avalon
Street, Westlake Ext 11, Johannesburg, Gauteng, South
Africa 1609 |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
26.08.2011 |
|
|
|
|
Com. Reg. No.: |
2011/107689/07 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
The subject is involved in
the importing and wholesale supplier of corporate clothing, head wear, bags
and promotional products. |
|
|
|
|
No. of Employees : |
300 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
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
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
South Africa |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
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 Africa’s 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 but has been plagued with accusations of mismanagement and corruption and faces an increasingly high debt burden.
South Africa's economic policy has focused on controlling inflation while empowering a broader economic base; 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 Africa’s ruling party and the volatility of the rand risks economic growth. International investors are concerned about the country’s long-term economic stability; in late 2016, most major international credit ratings agencies downgraded South Africa’s international debt to junk bond status.
|
Source : CIA |
Executive
Summary
The subject has a medium
track record. No judgments recorded against the subject. There are no principal
judgments. Accounts are paid on due date. The subject is considered equal to
its normal business engagements
COMPANY
INFORMATION
OVERVIEW
History
WIZARD COLLECTIVE (PTY) LTD
was established in August 2011 when the assets and operations of the company
WIZARD PROMOTIONS (PTY) LTD, (Registration Certificate Number: 2007/033357/07),
were taken over and incorporated into a shelf entity styled SHAULA INVESTMENTS
(PTY) LTD for registration purposes. The subject remained dormant due to the
set up phase of business, until active operations commenced on 1 September
2012. The latter company is stated to be dormant. In October 2015 the subject
changed its name to the current name
STATUTORY
INFORMATION
|
Registered
Name |
WIZARD
COLLECTIVE (PTY) LTD |
|
Previous
Names |
SHAULA
INVESTMENTS (01/06/2016) |
|
Registration
Number |
2011/107689/07 |
|
Type Of
Company |
Private
Company |
|
Registered
Date |
26/08/2011 |
|
Date
Commenced Trading |
01/09/2012 |
|
Commercial
Status |
In
Business |
|
Financial
Year End |
December |
CONTACT
DETAILS
|
Contact
Number |
+27 11
663 8000 |
|
Email
Address |
|
|
Fax
Number |
+27 11
608 4677 |
|
Website |
|
|
Social
Media Presence |
The
subject does not have a social media presence. |
|
Registered
Physical Address |
41
AVALON STREET WESTLAKE
EXT 11 JOHANNESBURG GAUTENG South
Africa 1609 |
|
Trading
Physical Address |
41
Avalon Road Westlake
Ext 11 JOHANNESBURG Gauteng South
Africa 1609 |
|
Postal
Address |
Postnet Suite
1; Private Bag X10020 Edenvale Gauteng South
Africa 1610 |
TAX
INFORMATION
TAX INFORMATION
Income Tax
Number 9034076225
VAT
INFORMATION
VAT Status The subject is registered for VAT (VAT number/s made available)
|
VAT
Number |
4310260767 |
|
Status |
Active |
|
Registered
Name |
SHAULA
INVESTMENTS PTYLTD |
|
Trading
Name |
WIZARD
CLOTHING |
OFFICERS
AND PROFESSIONAL SERVICES
LIST OF OFFICERS AND PROFESSIONAL SERVICES
|
Type |
Name |
Contact
Name |
Contact
Number |
|
|
Insurance |
SASFIN INSURANCE
BROKERS |
|
+27118097500 |
|
|
Auditor |
GRANT
THORNTON |
|
+27105907200 |
|
OWNERSHIP STRUCTURE
SHAREHOLDING
INFORMATION
CURRENT
|
Holding
Company |
Share |
Type |
Comment |
|
|
AMROD
CORPORATE SOLUTIONS (PTY) LTD |
100.00% |
Holding Company |
|
|
PRINCIPAL
INFORMATION
Director / Member
|
Full
Name |
ID No. |
Type |
Status |
DOA |
Active
Interests |
Previous
Interests Judgments |
Fraud
Listing |
|
|
GAVRIEL
TSVI BRICKER |
8105265029081 |
Director |
Active |
23/02/2016 |
2 |
1 |
0 |
0 |
|
JADE
AVON HAMBURGER |
7109035052085 |
Director |
Active |
01/09/2012 |
5 |
3 |
0 |
0 |
|
JONATHAN HERSH GOLDBERG |
6705145118087 |
Director |
Active |
23/02/2016 |
5 |
7 |
0 |
0 |
|
MARK MATISONN |
7503055021089 |
Active |
Director |
15/03/2012 |
30 |
13 |
0 |
0 |
|
MARTIN HOWARD SACKS |
7002075038082 |
Director |
Active |
15/03/2012 |
0 |
0 |
0 |
0 |
|
WAYNE
DAVID BLOCH |
7411025127087 |
Director |
Active |
01/09/2012 |
1 |
3 |
0 |
0 |
|
DEIDRE HEATHER MEURS |
6704300042083 |
Director |
Resigned |
26/08/2011 |
0 |
0 |
0 |
0 |
|
GRANT
REID |
6609135029082 |
Director |
Resigned |
01/09/2012 |
6 |
1 |
0 |
0 |
ACTIVE BUSINESS INTERESTS: GAVRIEL TSVI BRICKER
|
Company
Name |
Registration
No. |
Business
Status |
Principal
Status |
Principal
Type |
Judgments |
|
G
CUBED GAMING |
2006/120658/23 |
AR
Final deregistration |
Active |
Member |
0 |
|
CQS
MINING SOLUTIONS |
2014/106252/07 |
AR
Deregistration Process |
Active |
Director |
0 |
PREVIOUS BUSINESS INTERESTS: GAVRIEL TSVI BRICKER
|
Company
Name |
Registration
No. |
Business
Status |
Principal
Status |
Principal
Type |
Judgments |
|
TOUCHSIDES
S.A. |
2007/007727/07 |
In
Business |
Resigned |
Director |
0 |
ACTIVE BUSINESS INTERESTS: JADE AVON HAMBURGER
|
Company
Name JET
GREEN CONSULTING |
Registration
No. 2006/146733/23 |
Business
Status Deregistration
Final |
Principal
Status Active |
Principal
Type Member |
Judgments
0 |
|
PROMOTIONAL
PRODUCT PROFESSIONALS
OF SOUTH AFRICA |
2014/022378/08 |
AR
Deregistration Process |
Active |
Director |
0 |
|
APPLEMINT
PROPERTIES 102 |
2010/015449/07 |
In
Business |
Active |
Director |
0 |
|
AQUA
ONLINE HOLDINGS |
1971/005628/06 |
Dissolved |
Active |
Director |
0 |
|
CWIC
ALLIANCE |
1999/009318/07 |
Deregistration
Final |
Active |
Director |
0 |
|
|
|
|
|
|
|
|
PREVIOUS BUSINE SS INTERESTS: JADE AVON HAMBURGER |
|||||
|
|
|||||
|
Company
Name |
Registration
No. |
Business
Status |
Principal
Status |
Principal
Type |
Judgments |
|
ABSEC
FIXED INVESTMENTS |
1991/002975/06 |
Deregistration
Final |
Resigned |
Director |
0 |
|
ABBEY
TRADING |
1987/003148/06 |
Deregistration
Final |
Resigned |
Director |
0 |
|
AQUAGS |
1999/010972/07 |
In
Business |
Resigned |
Director |
0 |
|
|
|
|
|
|
|
|
ACTIVE BUSINESS INTERESTS: JONATHAN HERSH GOLDBERG |
|||||
|
|
|
|
|
|
|
|
Company
Name |
Registration
No. |
Business
Status |
Principal
Status |
Principal
Type |
Judgments |
|
SPYGLASS
RESOURCE EQUITY FUND |
2006/039127/07 |
AR
Final deregistration |
Active |
Director |
0 |
|
GOLDKATZ
INTERNATIONAL |
1995/028467/23 |
AR
Deregistration Process |
Active |
Member |
0 |
|
GOLDMARK
ADVERTISING |
2000/005397/07 |
AR
Final deregistration |
Active |
Director |
0 |
|
KROK
PROPERTY FUND |
2005/001286/07 |
AR
Final deregistration |
Active |
Director |
0 |
|
HOLBAY
INTERNATIONAL |
1999/017835/07 |
AR
Deregistration Process |
Active |
Director |
0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
PREVIOUS BUSINE SS INTERESTS: JO NATHAN HERSH GOLDBERG |
|||||
|
|
|||||
|
Company
Name |
Registration
No. |
Business
Status |
Principal
Status |
Principal
Type |
Judgments |
|
SPYGLASS
CAPITAL |
2003/014386/07 |
AR
Final deregistration |
Resigned |
Director |
0 |
|
SUNWOOD
TRADING AND INVESTMENTS |
1998/014002/07 |
In
Business |
Resigned |
Director |
0 |
|
WEBCOM
COMMUNICATIONS |
2007/006750/07 |
Voluntary
Liquidation |
Resigned |
Director |
0 |
|
KROK
CAPITAL |
2006/026358/07 |
AR
Final deregistration |
Resigned |
Director |
0 |
|
SPYGLASS
RETURNS |
2004/019044/07 |
AR
Final deregistration |
Resigned |
Director |
0 |
|
ANDULELA INVESTMENT HOLDINGS |
1950/037061/06 |
In
Business |
Resigned |
Director |
0 |
|
KNR
FLATROCK |
2006/011268/07 |
In
Business |
Resigned |
Director |
0 |
ACTIVE BUSINESS INTERESTS: MARK MATISONN
|
Company
Name TUCANA
HOLDINGS |
Registration
No. 2016/335754/07 |
Business
Status In
Business |
Principal
Status Active |
Principal
Type Director |
Judgments
0 |
|
CORI
MANCO (RF) |
2015/297458/07 |
In
Business |
Active |
Director |
0 |
|
WESTBROOKE
CAPITAL PARTNERS |
1999/015993/07 |
In
Business |
Active |
Director |
0 |
|
TECSA |
2010/024885/07 |
In
Business |
Active |
Director |
0 |
|
CUTBASE
INVESTMENTS |
2016/497290/07 |
In
Business |
Active |
Director |
0 |
|
F
AND H MACHINE TOOLS |
2007/003092/07 |
In
Business |
Active |
Director |
0 |
|
GENERATOR
LOGIC HOLDINGS |
2013/059960/07 |
In
Business |
Active |
Director |
0 |
|
RETAIL
VENTURES |
2003/029956/07 |
In
Business |
Active |
Director |
0 |
|
WESTBROOKE
ALTERNATIVE RENTAL INCOME ASSETS |
2014/209997/06 |
In
Business |
Active |
Director |
0 |
|
WESTBROOKE
INVESTMENTS |
2004/001258/07 |
In
Business |
Active |
Director |
0 |
|
THE
POOL TEAM |
2014/177501/07 |
In
Business |
Active |
Director |
0 |
|
JADEWICK
INVESTMENTS (RF) |
2007/003345/07 |
In
Business |
Active |
Director |
0 |
|
CORICRAFT
GROUP |
2005/014198/07 |
In
Business |
Active |
Director |
0 |
|
WESTBROOKE
ALTERNATIVE ASSET MANAGEMENT |
2009/020622/07 |
In
Business |
Active |
Director |
0 |
|
HOLGRE
INVESTMENT HOLDINGS |
1996/000797/07 |
Deregistration
Final |
Active |
Director |
1 |
|
ZORDOME
INVESTMENTS |
2016/320134/07 |
In
Business |
Active |
Director |
0 |
|
CALMRAY
INVESTMENTS |
2012/018868/07 |
In
Business |
Active |
Director |
0 |
|
VALLEYLIGHT
INVESTMENTS |
2007/011512/07 |
In
Business |
Active |
Director |
0 |
|
THE
POOL TEAM |
2014/276067/07 |
In
Business |
Active |
Director |
0 |
|
FORGE
GROUP |
2011/114736/07 |
In
Business |
Active |
Director |
0 |
|
ANAFIELD
INVESTMENTS |
2012/209693/07 |
In
Business |
Active |
Director |
0 |
|
REFLEX
PROPERTY PARTNERS |
2005/033912/07 |
Voluntary
Liquidation |
Active |
Director |
0 |
|
ASCET
TRADING |
1972/007467/07 |
Deregistration
Final |
Active |
Director |
0 |
|
WESTBEAM
TRADING |
2005/017152/07 |
In
Business |
Active |
Director |
0 |
|
ALLIED
PUTZIGER |
2006/010630/07 |
In
Business |
Active |
Alternate
Director |
0 |
|
FALCONVILLE
INVESTMENTS |
2007/027879/07 |
In
Business |
Active |
Director |
0 |
|
MARBERRY
INVESTMENTS |
2006/005759/07 |
In
Business |
Active |
Director |
0 |
|
FURNITURE
VENTURES |
2005/014203/07 |
Deregistration
Final |
Active |
Director |
0 |
|
STAND
160 PECANWOOD |
1999/027093/07 |
Deregistration
Final |
Active |
Director |
0 |
|
REFLEX
INVESTMENTS |
2004/001277/07 |
In
Business |
Active |
Director |
0 |
PREVIOUS BUSINESS INTERESTS: MARK MATISONN
|
Company
Name |
Registration
No. |
Business
Status |
Principal
Status |
Principal
Type |
Judgments |
|
ALLIED
PUTZIGER |
2006/010630/07 |
In
Business |
Resigned |
Director |
0 |
|
WESTBROOKE
CAPITAL HOSPITALITY |
2015/128313/06 |
In
Business |
Resigned |
Director |
0 |
|
BUILDMAX
BRICKS AND
BLOCKS |
2007/003566/07 |
AR
Deregistration Process |
Resigned |
Director |
0 |
|
OPTENHORST
DEVELOPMENTS |
2007/022665/07 |
In
Business |
Resigned |
Director |
3 |
|
COLUMBIA
DBL |
2000/008582/07 |
AR
Deregistration Process |
Resigned |
Director |
2 |
|
BUILDMAX |
1995/012209/06 |
In
Business |
Resigned |
Director |
0 |
|
VENTUREWEB |
1999/006313/07 |
In
Business |
Resigned |
Director |
0 |
|
VINPAYNE
INVESTMENTS |
2017/149526/07 |
In
Business |
Resigned |
Director |
0 |
|
SIFCO
INTERNATIONAL FASHION
COMPANY |
2004/004471/07 |
Business
Rescue |
Resigned |
Director |
0 |
|
LORINGWOOD
INVESTMENTS |
2005/029807/07 |
In
Business |
Resigned |
Director |
0 |
|
STUTTAFORDS
STORES |
1998/002696/07 |
In
Business |
Resigned |
Director |
0 |
|
INCOLABS |
2004/019947/07 |
In
Business |
Resigned |
Director |
0 |
|
AMERBASE
INVESTMENTS |
2016/497319/07 |
In
Business |
Resigned |
Director |
0 |
|
|
|
|
|
|
|
|
ACTIVE BUSINESS INTERESTS: WAYNE DAVID BLOCH |
|
|
|
||
|
|
|
|
|
||
|
Company
Name |
Registration
No. |
Business
Status |
Principal
Status |
Principal
Type |
Judgments |
|
WIZZARD
PROMOTIONS |
2007/033357/07 |
In
Business |
Active |
Director |
0 |
|
|
|
|
|
|
|
|
PREVIOUS BUSINESS INTERESTS: WAYNE DAVID BLOCH |
|
|
|
||
|
|
|
|
|
||
|
Company
Name |
Registration
No. |
Business
Status |
Principal
Status |
Principal
Type |
Judgments |
|
LOUIS
SMIEDT |
2000/026729/07 |
Deregistration
Final |
Resigned |
Director |
0 |
|
GOLDENMARC |
2000/026730/07 |
Deregistration
Final |
Resigned |
Director |
0 |
|
HYPERTRADE |
2000/026732/07 |
Deregistration
Final |
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 |
Judgment
on other business interests. The respondent advised that the directors MARTIN |
|
HOWARD
SACKS, MARK MATISONN and JADE AVON HAMBURGER have all resigned. |
|
|
However,
this is not yet reflected on CIPC records. |
BANK ACCOUNT
INFORMATION
BANK ACCOUNT CLIENT REQUESTED DETAILS
|
Account
Reference Number |
Account
Holder |
Account
Number |
Bank
Name |
Branch
Name |
Branch
Code |
Verification
Status |
|
ABB144416 |
WIZARD
COLLECTIVE (PTY) LTD |
4079209966 |
ABSA
BANK |
CORPORATE |
632005 |
Verified
by Bank Code |
|
BANK ACCOUNTS |
|
|
|
|
|
|
|
Account
Reference Number |
Account
Holder |
Account
Number |
Bank
Name |
Branch
Name |
Branch
Code |
Verification
Status |
|
ABB141244 |
WIZARD
COLLECTIVE (PTY)LTD |
4079209966 |
Absa
Bank |
CORPORATE |
632005 |
Verified
by Bank Code |
OPERATIONAL
ACTIVITIES
|
Operational
Activities Status |
The
following information was provided |
|
Industry |
Importing
& Wholesale |
|
Major
Industry SIC Code |
46410
- Wholesale of clothing accessories such as gloves, ties and braces (for
wholesale of jewellery and leather goods, see 4649) |
|
Secondary
Industry SIC Code(s) |
Wholesale
of textiles, clothing and footwear |
|
NACE
Code |
46,42
- Wholesale of clothing and footwear |
|
|
|
|
MAJOR OPERATION |
|
|
|
|
|
Major
Business Activities |
The
subject is involved in the importing and wholesale supplier of corporate
clothing, head wear, bags and promotional products. |
|
Foreign
Trade Activities |
International |
|
Agencies
Held |
ALTITUDE
(Unconfirmed) |
|
Franchises
Held |
The
subject holds no franchises. |
|
Major
Suppliers |
• AFRICAN LOGISTICS SERVICES • BSK PRINT • BIDSERVE INDUSTRIAL • FAST AND FURIOUS |
|
Major
Customers |
• The retail industry • The education industry • Businesses |
|
Major
Brands |
• HOLBAY • FLEXFIT • BIRDI • MOLESKIN • DRIMAC • SA RUGBY • ALTITUDE |
|
Major
Contracts |
Subject
does not operate on a contract basis. |
IMPORT ACTIVITIES
Subject imports.
|
Imports
From |
To
the value of |
|
|
• China • India |
|
|
EXPORT ACTIVITIES
Subject exports
|
Exports
To |
To
the value of |
|
|
•
Zimbabwe |
|
|
|
•
Namibia |
|
|
|
•
Zambia |
|
|
|
•
Botswana |
|
|
|
•
Malawi |
|
|
|
•
Lesotho |
|
|
|
•
Mozambique |
|
|
|
•
Swaziland |
|
|
OPERATIONAL FOOTPRINT
Operational Footprint
Status The following information was provided
BRANCH & PREMISES
INFORMATION
|
Location |
Description/Type |
Size
(m2) # of Staff |
Rented
or Owned |
Lease
Expiry Date |
|
|
|
EDENVALE |
Office |
|
|
|
N/A |
|
|
EAST
LONDON |
Showroom |
|
|
|
N/A |
|
|
NELSPRUIT |
Showroom |
|
|
|
N/A |
|
|
BLOEMFONTEIN |
Showroom |
|
|
|
N/A |
|
|
CAPE
TOWN |
Showroom |
|
|
|
N/A |
|
|
PRETORIA |
Office |
|
5 |
Leased |
N/A |
|
EMPLOYEES
|
Permanent
Employees |
300 |
|
|
|
Salaried
Employees |
300 |
|
|
|
|
|
|
|
|
COMPANY FLEET |
|
|
|
|
|
|
|
|
|
Total
Vehicles |
|
||
|
7 |
|||
|
The
fleet is made up of: Light
Delivery Vehicles |
|
||
|
7 |
Owned |
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FINANCING TERMS |
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FINANCING TERMS |
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Sales
Terms |
• 60 Days • 30 Days • COD |
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Overdraft
Facility |
The
Subject has an overdraft facility. |
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Overdraft
Usage |
Regularly |
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Sureties |
The
Principals have not signed sureties. |
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Debtors
Ceded |
Debtors
have been ceded. |
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Debtors
Factored |
Debtors
have not been factored. |
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Bonds |
The
Subject has no bonds. |
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FINANCIAL FIGURES |
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GENERAL COMMENTS |
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General
Comments |
Financial
information was not made available. |
! |
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TRADE REFERENCES
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) |
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Account Insured |
Notes |
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TR180221198 |
21/02/2018 |
Positive |
30 Days (30 Days) |
Confidential (Confidential) |
2012 |
100% |
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Yes |
This is a very good account. Secured by signed sureties. |
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TR180221195 |
21/02/2018 |
Positive |
30 Days (30 Days) |
1,500,000 (150,000) (ZAR) |
2017 |
100% |
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Unknown |
This is an excellent account. Monthly purchases vary between
ZAR100,000 and ZAR200,000. |
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TR180221194 |
21/02/2018 |
Neutral |
30 Days (30 Days) |
Open Account (50,000) (ZAR) |
2015 |
50% |
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No |
This is a good account. Monthly purchases may extend up to ZAR100,000. |
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TR180221193 |
21/02/2018 |
N/A |
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50% |
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Awaiting response |
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TR170630139 |
30/06/2017 |
Neutral |
30 Days (30 Days) |
50,000 (110,000) (ZAR) |
2016 |
50% |
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No |
This is a good account. |
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TR170630138 |
30/06/2017 |
Neutral |
30 Days (30 Days) |
20,000 (12,500) (ZAR) |
2009 |
50% |
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No |
This is a good account. |
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TR170621127 |
21/06/2017 |
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 |
6 |
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Overall
Trade Score |
67% |
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Average
Usage of Terms |
100% |
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Average
Monthly Purchase |
80,625
ZAR |
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Average
Usage of Credit Limit |
98% |
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 65.05 |
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1 |
INR 89.70 |
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Euro |
1 |
INR 80.03 |
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ZAR |
1 |
INR 5.53 |
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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NIS |
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Report Prepared
by : |
SYL |
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
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 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.