MIRA
INFORM REPORT
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Report Date : |
17th
February, 2007 |
IDENTIFICATION
DETAILS
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Name : |
CSI CLUTCH PTA CC |
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Registered Office : |
Unit 7, New West Centre, 360 Mitchell Street,
Pretoria West, Gauteng |
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Country : |
South
Africa |
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Date of Incorporation : |
20.12.2004 |
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Com. Reg. No.: |
2004/126718/23 |
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Legal Form : |
Limited
Company |
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Line of Business : |
Import, export and manufacture of heavy duty clutch
and brake parts mainly for the agricultural industry. |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Usually
Correct |
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Litigation : |
Clear |
COMPANY NAME
CSI CLUTCH PTA CC
PHYSICAL ADDRESS
Unit 7
New West Centre
360 Mitchell Street
PRETORIA WEST
Gauteng
POSTAL ADDRESS
P O Box 9155
CENTURION
0046
TELEPHONE NUMBER
(012) 327-6529
FAX NUMBER
(012) 327-6530
MEMBERS
100% C H VAN
ROOYEN ID NO: 6401155130002
ASSOCIATE COMPANIES
CSI CLUTCH AND BRAKE SPECIALISTS (PTY) LTD
CSI CLUTCH SOUTH AFRICA (PTY) LTD
CSI CLUTCH BLOEMFONTEIN CC
BANKERS
ABSA BANK, Hatfield, account number 4061892250. The subject is reported to enjoy overdraft
facilities. Utilisation of the
overdraft is stated to fluctuate.
DATE REGISTERED
20 December 2004
Registration Certificate Number 2004/126718/23
VAT NUMBER
4570219321
MAJOR OPERATION
Import, export and manufacture of heavy duty clutch
and brake parts mainly for the agricultural industry.
MAJOR SUPPLIERS
The subject imports supplies and deals locally with:
SCHENKER
P H C VALEO
ALPHA INTERNATIONAL
H D C
MAJOR CUSTOMERS OR BUSINESS
SECTORS
Agricultural industry and clutch and brake industries.
AREA OF DISTRIBUTION AND SELLING
South Africa
EXPORTS
African countries, e.g. Zimbabwe, Botswana and Malawi.
TOTAL EMPLOYEES
4
OTHER PREMISES
None
OWNED OR LEASED
Leased
MEMBERS CONTRIBUTION
R10
Full financial information was not forthcoming from
respondents at the company and outside authorities were unable to assist in
this respect.
AUDITORS
J G ELS
FINANCIAL YEAR END
FEBRUARY
INSURANCE BROKERS
OPTION INSURANCE BROKERS
TRADE REFERENCES
ACCOUNT HIGHEST AVERAGE TERMS PAYMENT EXPERIENCE
OPENED CREDIT CREDIT PATTERN
1. 4 yrs R250
000 R55 000 60 days 62 days Average
c/l
2. 2005 R120
000 R36 000 - 30 days 30 days Good
c/l R80 000 2.5%
3. Do not give trade references
4. Do not give trade references
COMMENTS
This is a
relatively established company meeting one of its commitments slightly over
terms at times. We have not traced
dealings to an extent of US$1 000 000 and would prefer to see a far lesser
amount, spread and fully secured. The
lack of financial information should be borne in mind.
RATING EXPLANATIONS
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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 |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |
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NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
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