MIRA
INFORM REPORT
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Report Date : |
04.08.2011 |
IDENTIFICATION DETAILS
|
Name : |
AUTOMANN TRUCK AND TRAILER COMPONENTS CC |
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Registered Office : |
Unit 14 Hughes Service Industrial park Romeo Street Boksburg Gauteng |
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Country : |
South Africa |
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Date of Incorporation : |
23.12.2008 |
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Com. Reg. No.: |
2008/264338/23 |
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Legal Form : |
Close Corporation |
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Line of Business : |
The importing, exporting and wholesaling
of heavy duty truck and trailer spare parts and components. |
RATING & COMMENTS
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MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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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 |
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 |
Assessment
This is an established business meeting its
payments on time.
Your figure is too high compared to the
monthly creditors.
We have only traced a maximum of R200 000
(USD 20 000) over 30 days as a maximum.
It is suggested larger dealings be spread.
Company Information
|
Registered
Name |
AUTOMANN TRUCK AND TRAILER COMPONENTS CC |
|
Registration
Number |
2008/264338/23 |
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Registration
Date |
23 December 2008 |
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Date Commenced
Trading |
January 2009 |
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History of
Business |
The subject was commenced as a new business in 2009. |
|
History of
Principals |
It was stated that prior to commencing the subject, A JOHN was the
Sales Manager at ANR for 13 years. It was stated that S B S SABHARWAL owns a truck and trailer manufacturing
plant in India. |
|
Members of
subject and % holding |
70% S B S SABHARWAL 30% A JOHN |
|
Members
Contribution |
R100 |
|
Age of Company |
2 years 7 months |
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Status |
Active |
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Operations
Assessment |
The importing, exporting and wholesaling
of heavy duty truck and trailer spare parts and components. |
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Industry/
Customers |
Resellers and manufacturers |
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Area of
distribution |
South Africa |
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Export |
African countries such as Zambia, Zimbabwe,
Malawi, Mozambique, Botswana etc. |
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Major Industry
Code / SICC |
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Definition of
Code |
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Head Office
Physical Address |
Unit 14 Hughes Service Industrial park Romeo Street BOKSBURG Gauteng |
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Head Office
Postal Address |
P O Box 25042 EAST RAND 1462 |
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Current Tel
Number Cell number |
011 826 3424 |
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Current Fax
Number |
086 646 7456 |
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Current Email
Address |
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Web Site Address |
None |
Auditors Information
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Company
Registered Name |
JERRY RAWAT & CO |
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Trading Name |
Sole proprietor |
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Physical Address |
30 Unity Avenue New Modder BENONI Gauteng |
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Postal Address |
P O Box 2384 BENONI 1462 |
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Contact Person |
Fatima Wadia |
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Contact Number |
011 423 2536 |
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Email |
|
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Principals |
1 |
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Subject Verified
as Client |
Yes |
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Financial Year
End |
February |
|
Years With
Auditors |
2009 |
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Website |
Previous Auditors
|
Company Name/ Tel |
Time With Previous Auditors |
|
R LUNGOOMIAH AND COMPANY |
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Tax Information
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Vat Number |
4280253214 |
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Status |
Active |
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Vat Liable Date |
1 July 2009 |
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Tax Number |
9355682163 |
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Financial Year
End |
FEBRUARY |
Black Economic Empowerment
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Status |
Yes |
|
Score |
Level 4 |
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Expire Date |
August 2011 |
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BEE Certificate
Available |
Yes |
ISO Status
|
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
anAccredited Agent |
No |
Workman’s compensation
|
Registered |
Yes |
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Compliance
Certified |
Yes |
Company Structure
|
Branches |
None |
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Subsidiary Company |
None |
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Number of
Employees |
10 total |
|
1.
Salaried
employees |
10 |
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2.
Casual
employees |
Employs casual
workers when required |
Company Fleet |
No of vehicles: |
Owned/ Leased |
Value |
Outstanding
Balance |
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Fleet Operations |
2 |
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The Fleet is
made up of |
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1.
Cars |
1 |
owned |
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2.
Light
Delivery Vehicles |
1 long wheel
base Toyota |
owned |
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It was stated that the combined value of the vehicles is in the region
of R500 000.
Head
OfficeOwned/ Rented |
Leased |
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Rental Company |
SABLE HOLDINGS |
|
Lease Agreement |
3 year lease |
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Lease Expire
Date |
2012 |
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Type of Premises |
The heading premises comprise of administration offices and
warehousing facilities. |
Trade References
The subject imports components from India, China and Dubai
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Supplier |
Contact |
|
CMR AGENCIES |
011 882
3179 |
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AIRTECH |
011 902
6834 |
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ASSOCIATED
TRAILER COMPONENTS |
011 397
6092 |
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METWELD |
011 614
2271 |
Trade References
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Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
|
Oct’09 |
Open |
R50 000 |
30 |
R50 000 Swope cheques |
30 |
Good |
|
1 year |
R200 000 |
R200 000 |
30 2½% |
R60 000 |
30 |
Good |
|
2008 |
Open |
R10 000 |
30 2½% |
R2 000 |
30 |
Good |
Adverse Information on Subject
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Judgements |
No information on record |
Judgements
|
Case Number |
No information on record |
Default Data
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Date |
Details |
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No information on record |
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Notarial Bonds
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Date |
Details |
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No information on record |
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Deeds Information
|
Property Interest |
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Property Type: |
No information on record |
Stand Number: |
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Street Number: |
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Street Name: |
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Municipal Suburb: |
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Municipal City: |
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Township Name: |
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Province: |
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Deeds Office: |
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Transfer ID: |
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Title Deed Number: |
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Purchase Date: |
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Transfer Date: |
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Erf Size: |
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Sold Price: |
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Bank Information
|
Bank |
NEDBANK |
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Branch |
Lakeside Mall |
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Bank Account
Number |
1903552265 |
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Type of Account |
Current |
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Branch Code |
190342 |
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Account Name |
AUTOMANN TRUCK AND TRAILER COMPONENTS CC |
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Overdraft
Facilities |
It was stated that the subject enjoys an unsecured overdraft facility
to an extent of R400 000. The
overdraft facility is mainly utilized for importing purposes. |
|
Date Opened |
01-07-2009 |
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Bank Code |
C |
|
Bank Comment |
The subjects bankers consider them as equal to an amount of
R200 000 over 30 days in the normal way of business. |
Bank CodesHistory
|
Date requested |
Bank Code |
Enquiry Amount |
Number of RD’s |
RD amount |
RD Date |
Bank Comments |
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No information on record |
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Previous Bank Accounts
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Banker |
Branch Code |
Account Holder |
Account number |
Date opened |
Years with bank |
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No information on record |
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Financial Information
Financial Estimates
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CURRENT ASSETS |
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Stock |
R3 600 000 |
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Debtors |
R2 300 000 |
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Cash on Hand |
Nil |
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FIXED ASSETS |
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Plant,
Equipment, Vehicles |
R 750 000 |
|
Property |
Nil |
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CURRENT
LIABILITIES |
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Creditors |
R 2 200 000 |
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Loans from S B S
Sabharwal |
R 2 200 000 |
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LONG TERM
LIABILITIES |
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Morgage Bonds |
Nil |
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ANNUAL Turnover
(2011) |
R20 400 000 |
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Previous Year
Turnover (2010) |
R13 000 000 |
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Estimated
Current Year Turnover (2012) |
R30 000 000 |
Principals
|
Number of Principals |
2 |
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Average Age of
Active Principals |
42 |
Active Principals
Principal 1 of 2
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Surname |
SABHARWAL |
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First Names |
SATVINDER BIR SINGH |
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Date of Birth |
72/01/25 |
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Verified ID
Number |
No |
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Current Age |
39 |
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Designation |
Member |
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Status |
Active |
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Appointment Date |
2009-12-09 |
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Address (at time
of Appointment) |
Unit no 14 Hughes Service Industrial Park Romeo Street BOKSBURG 1459 It was stated that S B S SABHARWAL is resident in India. |
Adverse Information on Principal
Judgement
|
Number of
Judgements |
No information on record |
Debt Review
|
Debt review |
No information on record |
Other
|
Default data |
No information on record |
Business Information on Principal
Current Business Interests
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
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No other business interest on record |
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Previous Business Interests
|
Average Age of
Previous Business Interests |
None |
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Company Name |
Registration No |
Status |
Judgements |
Liquidation |
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No information on record |
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Deeds Information
Property Interests of Principle
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Property Interest |
|||
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Title Deed No. |
No information on record |
Erf/Site No. |
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Deeds Office |
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Physical Address |
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Property Type |
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Extent / Size |
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Purchase Date |
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Purchase price |
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% Ownership |
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Bond Holder |
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Bond Number |
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Bond Amount |
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Principal 2 of 2
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Surname |
JOHN |
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First Names |
ARICK |
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ID Number |
6509145373183 |
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Verified ID
Number |
Yes |
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Current Age |
46 |
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Designation |
Member |
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Status |
Active |
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Appointment Date |
2008-12-23 |
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Address (at time
of Appointment) |
36 A Kanna Street NORTHMEAD Benoni 1500 |
Adverse Information on Principal
Judgement
|
Number of
Judgements |
No information on record |
Debt Review
|
Debt review |
No information on record |
Other
|
Default data |
No information on record |
Business Information on Principal
Current Business Interests
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
SCIENTEL IT CC |
2010/071963/23 |
In business |
0 |
No |
Previous Business Interests
|
Average Age of
Previous Business Interests |
None |
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Company Name |
Registration No |
Status |
Judgements |
Liquidation |
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No information on record |
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Deeds Information
Property Interests of Principle
|
Property Interest |
|||
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Title Deed No. |
No information on record |
Erf/Site No. |
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Deeds Office |
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Physical Address |
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Property Type |
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Extent / Size |
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% Ownership |
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Bond Holder |
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Bond Number |
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Bond Amount |
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.38 |
|
|
1 |
Rs.72.20 |
|
Euro |
1 |
Rs.62.87 |
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 |
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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 |
|
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 |
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-- |
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.