MIRA
INFORM REPORT
|
Report Date : |
08.12.2011 |
IDENTIFICATION DETAILS
|
Name : |
BOBCOR TRADING CC |
|
|
|
|
Registered Office : |
42 Rosettenville Road Village Main Johannesburg Gauteng |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
21.06.2001 |
|
|
|
|
Com. Reg. No.: |
B2001/041776/23 |
|
|
|
|
Legal Form : |
Close Corporation |
|
|
|
|
Line of Business : |
The importing and distribution of compressed
air accessories such as paving breakers, chipping hammers etc. |
|
|
|
|
No. of Employees : |
5 |
RATING & COMMENTS
|
MIRAs 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, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
South Africa |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Assessment
Total Credit Limit Exposure:
Total Suretyship:
This is an established close corporation, which converted
from a private company.
The subject imports substantially and small to medium local
commitments are being met on time.
The
subjects bankers consider them good for all business normal engagements and to an amount of R100 000 over 30
days.
Company Information
|
Registered Name |
BOBCOR TRADING CC |
|
Registration Number |
B2001/041776/23 |
|
Registration Date |
21 June 2001 |
|
Age of Business |
10 years 5 months |
|
History of Business |
The subject converted from BOBCOR TRADING (PTY) LTD registration
certificate number: 1987/006187/07 in
June 2001. |
|
Member and
% holding |
100% C A BAKER |
|
Members Contribution |
R100 |
|
Status |
Active |
|
Operations Assessment |
The importing and distribution of
compressed air accessories such as paving breakers, chipping hammers etc. |
|
Industry/ Customers |
Open cast mining industry, construction
and road works |
|
Area of Distribution |
South Africa |
|
Export |
Occasionally to neighbouring countries |
|
Major Industry Code / SICC |
61509 - WHOLESALE TRADE IN MACHINERY, EQUIPMENT AND SUPPLIES |
|
Definition of Code |
Other machinery |
|
Head Office Physical Address |
42 Rosettenville Road Village Main JOHANNESBURG Gauteng |
|
Head Office Postal Address |
P O Box 260828 EXCOM 2023 |
|
Current Tel Number |
011 334 3467 |
|
Current Fax Number |
011 334 4391 / 334 3761 |
|
Cellular Number |
082 469 4611 |
|
Current Email Address |
|
|
Web Site Address |
Auditors Information
|
Company Registered Name |
DUNCAN MILLER trading as D MILLER AND COMPANY |
|
Physical Address |
3 Rossouw Road BEDFORDVIEW Gauteng 2007 |
|
Postal Address |
P O Box 836 BEDFORDVIEW 2008 |
|
Contact Person |
Duncan Miller |
|
Contact Number |
011 455 2827 |
|
Email |
|
|
Subject Verified as Client |
Yes |
|
Profession
number |
919918E |
|
BEE Status |
Exempted |
|
Financial Year End |
February |
|
Years With Auditors |
20 years-+ |
|
Website |
None |
Previous Auditors
|
Company Name |
Phone Number |
Time with previous auditors |
|
No information
on record |
|
|
Tax Information
|
Vat Number |
4780144632 |
|
Status |
Active |
|
Vat Liable Date |
1994-08-19 |
|
Tax Number |
9080483838 |
|
Financial Year End |
August |
Black Economic Empowerment
|
Status |
Exempted as the subjects annual turnover is less than R5 000 000 |
|
Score |
|
|
Expire Date |
|
|
BEE Certificate Available |
Yes/No |
ISO Status
|
Type of ISO Grade |
None |
|
ISO Certificate |
Yes/No |
|
ISO Certificate Available |
Yes/No |
|
Certified by an Accredited Agent |
Yes/No |
Workmans compensation
|
Registered |
Yes |
|
Compliance Certified |
Yes |
Company Structure
Subsidiaries
|
Subsidiary Company |
None |
|
Shareholding |
|
|
Registration Number |
|
|
Import / Export |
|
|
Number of
Employees |
5 |
|
1. Salaried
employees |
√ |
Company Fleet |
No of vehicles: |
|
Fleet Operations |
|
|
The Fleet is made up of |
|
|
1. Cars |
1 |
The vehicle is owned by the subject, book value in the region of
R60 000, fully paid.
|
Offices |
|
Head Office Owned/ Rented |
The head office premises are leased from LOUVIRE. |
|
Lease Agreement |
Annual agreement |
|
Lease Expire Date |
April 2012 |
|
Type of Premises |
The premises comprise of administration offices, warehousing
facilities and a factory. |
Branches Names |
Country |
Province |
|
None |
|
|
It was stated that the Manager has an office at his home.
Trade References
The subject imports from India
|
Trade Reference nr |
Supplier |
Contact |
|
1 |
MICOR |
011 928
3000 |
|
2 |
SCHENKER |
011 971
8400 |
|
3 |
WH SALES |
011 917
5843 |
|
4 |
HOSE CENTRE |
011 452
3874 |
Trade
References Detail
|
Nr |
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
|
1 |
Do |
Not |
Give |
Trade |
References |
|
|
|
2 |
4 yrs |
R50 000 |
R30 000 |
30 |
R5 000 |
25 |
Excellent |
|
3 |
10 yrs |
Open |
R5 000 |
30 |
R5 000 |
30 |
Good |
|
4 |
Few yrs |
|
R5 000 |
C.O.D. |
R5 000 |
C.O.D. |
|
Adverse Information on Subject
Judgements
|
Judgements |
None |
|
Possible
Judgements |
None |
|
Civil Court |
None |
|
RDs |
None |
Business
Rescue
|
Date registered |
Business rescue practitioner |
Contact Information |
Details |
|
None |
|
|
|
Default
Listings
|
Date |
Details |
|
None |
|
Notarial
Bonds
|
Date |
Details |
|
None |
|
Bank Information
|
Bank |
FIRST NATIONAL BANK |
|
Branch |
Bracken City |
|
Bank Account Number |
59410026065 |
|
Type of Account |
Cheque |
|
Account Name |
BOBCOR TRADING CC |
|
Overdraft Facilities |
It was stated that the subject enjoys an overdraft facility. Utilisation of the overdraft facility is stated to be nil as credit balances
are normally maintained at the bank. |
|
Bank Code |
C |
|
Bank Comment |
The subjects bankers consider them good for all business normal
engagements |
Bank
Codes History
|
Date requested |
Bank Code |
Enquiry Amount |
Number of RDs |
RD amount |
RD Date |
Bank Comments |
Years with bank |
|
No information on record |
|
|
|
|
|
|
|
Previous
Bank Accounts
|
Banker |
Branch Code |
Account Holder |
Account number |
Date opened |
Years with bank |
|
No information on record |
|
|
|
|
|
Deeds Information
Property Interestsfor Company
|
Title Deed No. |
None |
Erf/Site No. |
|
|
Deeds Office |
|
Physical Address |
|
|
Property Type |
|
Extent / Size |
|
|
Purchase Date |
|
Purchase price |
|
|
% Ownership |
|
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
|
Financial Information
Financial
Estimates
|
CURRENT ASSETS |
|
|
Stock |
R 500 000 |
|
Debtors |
R1 000 000 |
|
CURRENT LIABILITIES |
|
|
Creditors |
R250 000 local and foreign |
|
Members Loans |
Nil |
|
LONG TERM LIABILITIES |
|
|
Morgage Bonds |
Nil |
|
Estimated Current Year Turnover |
Less than R5 000 000 |
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 |
1 |
|
Average Age of Active Principals |
59 |
Active Principals
Principal 1 of 1:
|
Surname |
BAKER |
|
First Name |
CORAL |
|
Other Names |
ANN |
|
Marital Status |
Married |
|
ID Number |
5203240106083 |
|
Verified ID Number |
Yes |
|
Current Age |
59 |
|
Designation |
Member |
|
Status |
Active |
|
Physical Address (at time of Appointment) |
19 Buffalo Road EMMARENTIA 2195 |
|
Postal Address |
P O Box 26 EXCOM 2023 |
|
Current Tel Number |
011 646 8853 |
|
Current Fax Number |
011 334 3467 |
|
Membership |
100% |
Adverse Information for C A BAKER
Judgement
|
Number
of Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Business Information for C A BAKER
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
No additional business interests |
|
|
|
|
|
Previous Business Interests
|
Average Age of
Previous Business Interests |
None |
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
No information on record |
|
|
|
|
|
Deeds Information
Property Interestsfor C A BAKER
|
Title Deed No. |
None |
Erf/Site No. |
|
|
Deeds Office |
|
Physical Address |
|
|
Property Type |
|
Extent / Size |
|
|
Purchase Date |
|
Purchase price |
|
|
% Ownership |
|
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.45 |
|
|
1 |
Rs.80.38 |
|
Euro |
1 |
Rs.69.12 |
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 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 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.