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MIRA
INFORM REPORT
|
Report Date : |
23.12.2011 |
IDENTIFICATION DETAILS
|
Name : |
TATA AFRICA PROCESSORS (PTY) LTD |
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|
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|
Formerly Known As : |
LEXSHELL 82 GENERAL TRADING |
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Registered Office : |
39 Ferguson Road Illovo 2196 |
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Country : |
South Africa |
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Date of Incorporation : |
13.02.2008 |
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|
Com. Reg. No.: |
2007/025725/07 |
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Legal Form : |
Private Company |
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|
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Line of Business : |
Steel Processing Company |
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|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRAs Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
Payment Behaviour : |
Unknown |
|
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:
On investigation contact was made with the management
accountant.
He was reluctant to assist unless he knew the identity of the
company enquiring and the reason.
We have forwarded an email questionnaire and should any
further information be available it will be forwarded.
Please see available information below.
Company Information
|
Registered Name |
TATA AFRICA PROCESSORS (PTY) LTD |
|
Trading as/ Division Name |
|
|
Previous Name |
LEXSHELL 82 GENERAL TRADING |
|
Date of Name Change |
2008-02-13 |
|
Registration Number |
2007/025725/07 |
|
Registration Date |
2007-09-10 |
|
Date Commenced Trading |
|
|
Age of Business |
4 Years 3 Months |
|
History of Business |
|
|
History of Principals |
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|
Shareholders/Members/Partners of subject
and % holding |
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|
Authorised Share Capital |
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|
Issued Share Capital/Members Contribution |
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|
Status |
This Business is Active |
|
Operations Assessment |
Steel Processing Company |
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Industry/ Customers |
88-Other business activities |
|
Export |
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Major Industry Code / SICC |
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|
Definition of Code |
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Registered Physical Address |
39 Ferguson Road ILLOVO 2196 |
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Postal Address |
PO Box 55738 NORTHLANDS 2116 |
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Head Office |
29 Lincoln Road, 1501 P O Box 5143 Benoni South 1502, South Africa |
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Current Tel Number |
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Cell number |
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Current Fax Number |
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Current Email Address |
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Web Site Address |
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Auditors Information
|
Company Registered Name |
DELOITTE AND TOUCHE (T KALAN) |
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Trading Name |
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|
Registration Number |
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|
Physical Address |
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Postal Address |
Private Bag X6 GALLO MANOR 2052 |
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Subject Verified as Client |
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|
SAICA number |
926973 |
Previous Auditors
|
Company Name |
Phone Number |
Time with previous auditors |
|
KPMG |
|
3 years |
|
PKF |
|
Unknown |
Tax Information
|
Vat Number |
4350245157 |
|
Status |
Active |
|
Vat Liable Date |
2008-03-01 |
|
Tax Number |
9057106180 |
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Tax Clearance Expire Date |
|
|
Financial Year End |
March |
Black Economic Empowerment
|
Status |
Unavailable |
|
Score |
|
|
Expire Date |
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|
BEE Certificate Available |
Yes/No |
ISO Status
|
Type of ISO Grade |
Unavailable |
|
ISO Certificate |
Yes/No |
|
ISO Certificate Available |
Yes/No |
|
Certified by an Accredited Agent |
Yes/No |
Workmans compensation
|
Registered |
Yes/No |
|
Compliance Certified |
Yes/No |
Company Structure
Subsidiaries
|
Subsidiary Company |
Unavailable |
|
Shareholding |
|
|
Registration Number |
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Import / Export |
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Number of
Employees |
Unavailable |
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1. Salaried
employees |
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2. Waged
employees |
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3. Permanent
employees |
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4. Casual
employees |
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5. Contracted
employees |
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Company Fleet |
No of vehicles: |
Owned/ Leased |
Value |
Outstanding Balance |
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Fleet Operations |
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The Fleet is made up of |
Unavailable |
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1. Cars |
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2. Light
Delivery Vehicles |
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3. Trailers |
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4. Busses |
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5. Trucks |
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6. Fork
Lifts |
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7. Other |
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Offices |
Unavailable |
Head Office Owned/ Rented |
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Rental Company |
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Owned by |
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Value |
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Bond |
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Bank |
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Lease Agreement |
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Lease Expire Date |
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Type of Premises |
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Branches Names |
Country |
Province |
|
Unavailable |
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Branches Owned/ Rented |
Unavailable |
|
Rental Company |
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|
Owned |
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Value |
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|
Bank |
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|
Bond |
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Lease Agreement |
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Lease Expire Date |
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|
Type of Premises |
|
Management
Overview
Company Structure (Ownership)
Note: One level up and
all levels down
Trade References
Key deals signed within the past 12 months.
|
Company |
Value |
Contact |
|
Unavailable |
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Trade Reference nr |
Supplier |
Contact |
Surety Value |
Notarial Bonds |
|
1 |
Unavailable |
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2 |
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3 |
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4 |
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5 |
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Trade
References Detail
|
Nr |
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
|
1 |
Unavailable |
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2 |
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3 |
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4 |
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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 |
Unavailable |
Bank Codes History
|
Date requested |
Bank Code |
Enquiry Amount |
Number of RDs |
RD amount |
RD Date |
Bank Comments |
Years with bank |
|
None |
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|
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Previous Bank
Accounts
|
Banker |
Branch Code |
Account Holder |
Account number |
Date opened |
Years with bank |
|
None |
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|
Deeds Information
Property Interestsfor Company
|
Title Deed No. |
None |
Erf/Site No. |
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|
Deeds Office |
|
Physical Address |
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|
Property Type |
|
Extent / Size |
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|
Purchase Date |
|
Purchase price |
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|
% Ownership |
|
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
|
Financial Information
Financial
Estimates
|
CURRENT ASSETS |
Unavailable |
|
Stock |
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Debtors |
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|
FIXED ASSETS |
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|
Plant, Equipment, Vehicles |
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|
Property |
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CURRENT LIABILITIES |
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Creditors |
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Loans/ From? |
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LONG TERM LIABILITIES |
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Morgage Bonds |
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Previous Year Turnover |
|
|
Estimated Current Year Turnover |
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|
Current Turnover per month |
|
|
Current Turnover per annum |
|
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 |
2 |
|
Average Age of Active Principals |
56 |
Active Principals
Principal 1 of 2: SANJAY PANDJA
|
Surname |
PANDJA |
|
First Name |
SANJAY |
|
Other Names |
|
|
Marital Status |
|
|
ID Number |
6205070000000 |
|
Verified ID Number |
No |
|
Current Age |
49 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2008-02-07 |
|
Physical Address (at time of Appointment) |
12 CarbernetCresent Hurlingham Manor Ext 5 HURLINGHAM 2196 |
|
Postal Address |
PO Box 1627 PARKLANDS 2196 |
|
Current Tel Number |
|
|
Cell number |
|
|
Current Fax Number |
|
|
Current Email Address |
|
|
Shareholding |
(if the principal owns shares) |
Adverse
Information for: SANJAY PANDJA
Judgement
|
Number
of Judgements |
None |
Debt Review
|
Debt
review |
None |
Other
|
Default
data |
None |
Business
Information for: SANJAY PANDJA
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
ACCORDIAN INVESTMENTS (PTY) LTD |
2003/027086/07 |
In Business |
8 Years 2 Months |
0 |
No |
|
TATA AFRICA STEEL PROCESSORS (PTY) LTD |
2007/025725/07 |
In Business |
4 Years 3 Months |
0 |
No |
|
TATA MOTORS (SA) (PTY) LTD |
2007/034689/07 |
In Business |
4 Years |
0 |
No |
Previous
Business Interests
|
Average Age of Previous
Business Interests |
None |
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
TATA STEEL (KZN) (PTY) LTD |
2004/004528/07 |
In Business |
7 Years 10 Months |
0 |
No |
|
GONDWANALAND INVESTMENT (PTY) LTD |
M2006/023172/07 |
In Business |
5 Years 5 Months |
0 |
No |
|
IMPTA TRUCK RENTAL (PTY) LTD |
M2006/023451/07 |
In Business |
5 Years 5 Months |
0 |
No |
Deeds Information
Property
Interestsfor: SANJAY PANDJA
|
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 |
|
Principal 2 of 2: RAMAN DHAWAN
|
Surname |
DHAWAN |
|
First Name |
RAMAN |
|
Other Names |
|
|
Marital Status |
|
|
ID Number |
4811075150181 |
|
Verified ID Number |
Yes |
|
Current Age |
63 |
|
Designation |
Managing Director |
|
Status |
Active |
|
Appointment Date |
2008-02-07 |
|
Physical Address (at time of Appointment) |
28A Third Street Houghton JOHANNESBURG 2196 |
|
Postal Address |
PO Box 1627 PARKLANDS 2196 |
|
Current Tel Number |
011 7283305 |
|
Cell number |
083 2551981 |
|
Current Fax Number |
|
|
Current Email Address |
|
|
Shareholding |
(if the principal owns shares) |
Adverse
Information for: RAMAN DHAWAN
Judgement
|
Number
of Judgements |
None |
Debt Review
|
Debt
review |
None |
Other
|
Default
data |
None |
Business
Information for: RAMAN DHAWAN
Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
|
RAILWAY DEVELOPMENT CONSORTIUM (PTY) LTD |
2002/018075/07 |
In Business |
9 Years 5 Months |
0 |
No |
|
ACCORDING INVESTMENT (PTY) LTD |
2003/027086/07 |
In Business |
8 Years 2 Months |
0 |
No |
|
TATA STEEL (KZN) (PTY) LTD |
2004/004528/07 |
In Business |
7 Years 10 Months |
0 |
No |
|
IHMS HOTELS (SA) (PTY) LTD |
2006/017859/07 |
In Business |
5 Years 6 Months |
0 |
No |
|
GOOD HOPE PALACE HOTELS (PTY) LTD |
2006/029392/07 |
In Business |
5 Years 3 Months |
0 |
No |
|
TATA AFRICA STEEL PROCESSORS (PTY) LTD |
2007/025725/07 |
In Business |
4 Years 3 Months |
0 |
No |
|
TATA CONSULTANCY SERVICES (AFRICA) (PTY) LTD |
2007/030546/07 |
In Business |
4 Years 2 Months |
0 |
No |
|
TATA MOTORS (SA) (PTY) LTD |
2007/034689/07 |
In Business |
4 Years |
0 |
No |
|
EON CONSULTING (PTY) LTD |
M1998/008977/07 |
In Business |
13 Years 7 Months |
0 |
No |
|
KUTLWANO ENGINEERING CONSULTING (PTY) LTD |
M2000/007896/07 |
In Business |
11 Years 8 Months |
0 |
No |
|
CONSILIENCE TECHNOLOGIES (PTY) LTD |
M2000/025428/07 |
In Business |
11 Years 2 Months |
0 |
No |
|
NEOTEL (PTY) LTD |
M2004/004619/07 |
In Business |
7 Years 10 Months |
0 |
No |
Previous Business Interests
|
Average Age of
Previous Business Interests |
5 |
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
|
EHLOBO INDUSTRIAL DEVELOPMENT (PTY) LTD |
2005/008213/07 |
Deregistration Final |
6 Years 9 Months |
0 |
No |
|
|
GONDWANALAND INVESTMENT (PTY) LTD |
M2006/023172/07 |
In Business |
5 Years 5 Months |
0 |
No |
|
|
IMPTA TRUCK RENTAL (PTY) LTD |
M2006/023451/07 |
In Business |
5 Years 5 Months |
0 |
No |
|
Deeds Information
Property Interestsfor: RAMAN DHAWAN
|
Title Deed No. |
ST2943/2006 |
Erf/Site No. |
1629,0 |
|
Deeds Office |
PRETORIA |
Physical Address |
1 WEST ROAD
SOUTH MORNINGSIDE SANDTON |
|
Property Type |
Sectional Title/Unit |
Extent / Size |
109.0SQM |
|
Purchase Date |
2005-09-27 |
Purchase price |
R 1 350 000.00 |
|
% Ownership |
0.0000 |
Bond Holder |
FIRSTRAND BANK
LTD |
|
Bond Number |
SB36982006 |
Bond Amount |
R 1 350 000.00 |
|
Title Deed No. |
ST19527/2006 |
Erf/Site No. |
1592,0 |
|
Deeds Office |
PRETORIA |
Physical Address |
79 GRAYSTON
MORNINGSIDE SANDTON |
|
Property Type |
Sectional Title/Unit |
Extent / Size |
114.0SQM |
|
Purchase Date |
2005-09-27 |
Purchase price |
R 1 060 000.00 |
|
% Ownership |
0.0000 |
Bond Holder |
FIRSTRAND BANK
LTD |
|
Bond Number |
SB256102006 |
Bond Amount |
R 1 060 000.00 |
|
Title Deed No. |
ST19346/2008 |
Erf/Site No. |
575,8 |
|
Deeds Office |
PRETORIA |
Physical Address |
163 5TH
SANDOWN SANDTON |
|
Property Type |
Sectional Title/Unit |
Extent / Size |
79.0SQM |
|
Purchase Date |
2007-12-14 |
Purchase price |
R 3 120 000.00 |
|
% Ownership |
0.0000 |
Bond Holder |
FIRSTRAND BANK
LTD |
|
Bond Number |
SB184462008 |
Bond Amount |
R 3 684 000.00 |
|
Title Deed No. |
ST24110/2008 |
Erf/Site No. |
3,1 |
|
Deeds Office |
PRETORIA |
Physical Address |
86 GRAYSTON
SANDOWN |
|
Property Type |
Sectional Title/Unit |
Extent / Size |
83.0SQM |
|
Purchase Date |
2005-09-14 |
Purchase price |
R 105 049,00 |
|
% Ownership |
0.0000 |
Bond Holder |
FIRSTRAND BANK
LTD |
|
Bond Number |
SB184462008 |
Bond Amount |
R 1 179 424.00 |
|
Title Deed No. |
T7945/2010 |
Erf/Site No. |
|
|
Deeds Office |
PRETORIA |
Physical Address |
MORNING SIDE
SANDTON |
|
Property Type |
Freeholds / Ervin |
Extent / Size |
284.0SQM |
|
Purchase Date |
20089-09-01 |
Purchase price |
R 2 500 000.00 |
|
% Ownership |
0.0000 |
Bond Holder |
FIRSTRAND |
|
Bond Number |
B58812010 |
Bond Amount |
R 2 250 000,00 |
|
Title Deed No. |
ST7838/2010 |
Erf/Site No. |
852 |
|
Deeds Office |
CAPE TOWN |
Physical Address |
8 ALEXANDER SEA
POINT CAPE TOWN |
|
Property Type |
Sectional / Unit |
Extent / Size |
26.0SQM |
|
Purchase Date |
2010-03-23 |
Purchase price |
R 468 000.00 |
|
% Ownership |
0.0000 |
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
0.000 |
|
Title Deed No. |
ST7839/2010 |
Erf/Site No. |
852 |
|
Deeds Office |
CAPE TOWN |
Physical Address |
8 ALEXANDER SEA
POINT CAPE TOWN |
|
Property Type |
Sectional / Unit |
Extent / Size |
26.0SQM |
|
Purchase Date |
2010-03-23 |
Purchase price |
R 468 000.00 |
|
% Ownership |
0.0000 |
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
0.000 |
|
Title Deed No. |
ST3216/2011 |
Erf/Site No. |
1106,0 |
|
Deeds Office |
PRETORIA |
Physical Address |
20 WEST ROAD
SOUTH MORNINGSIDE |
|
Property Type |
Sectional Title / Unit |
Extent / Size |
106.0SQM |
|
Purchase Date |
2010-11-04 |
Purchase price |
R 1 939 900.00 |
|
% Ownership |
0.0000 |
Bond Holder |
ABSA BANK LTD |
|
Bond Number |
B1351192005 |
Bond Amount |
R 12 400 000,00 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.78 |
|
|
1 |
Rs.82.73 |
|
Euro |
1 |
Rs.68.88 |
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.