MIRA INFORM REPORT
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Report Date : |
30.12.2011 |
IDENTIFICATION DETAILS
|
Name : |
CAST IRON INDUSTRIES CC |
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Registered Office : |
5 Hawkins Avenue, EPPING, Cape Town (not
Confirmed) |
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Country : |
South Africa |
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Date of Incorporation : |
17.02.1998 |
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Com. Reg. No.: |
B1998/008011/23 |
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Legal Form : |
Closed Corporation |
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Line of Business : |
Not Available |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
US$1 500 000 |
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Status : |
Moderate |
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Payment
Behaviour : |
Unknown |
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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 – September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
South Africa |
a2 |
a2 |
|
Risk Category |
ECGC
Classification |
|
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 |
|
Off-credit |
D |
Company details
|
Subject Name |
CAST IRON INDUSTRIES CC |
|
Country |
SOUTH AFRICA |
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Requested Credit Limit |
US$1 500 000 |
|
Enquiry Terms |
D/A |
|
Account Review |
RECOMMENDED EVERY 6 MONTHS |
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Subject Contact person |
MRS S RAJKUMAR |
|
Assessment |
Total Credit Limit Exposure: Total Suretyship: On investigation contact was made with MRS R RAJKUMAR on the home number of 033 3971162.She stated she will not assist with information at present as the company is closed for Christmas and will only be reopening on the 16th January 2012. She was unhappy that the reporter had contacted her at home. Further investigations will therefore be instituted after the 16th if January and as soon as any information is available it will be forwarded. Please see available information below. |
Company
Information
|
Registered Name |
CAST IRON INDUSTRIES CC |
|
Trading as/ Division Name |
CAST IRON MERCHANDISING |
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Previous Name |
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Date of Name Change |
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Registration Number |
B1998/008011/23 |
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Registration Date |
1998-02-17 |
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Date Commenced Trading |
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Age of Business |
13 years 10 months |
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History of Business |
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History of Principals |
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Shareholders and % holding |
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Authorised Share Capital |
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Issued Share Capital |
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Status |
In Business |
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Operations Assessment |
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Industry/ Customers |
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Export |
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Major Industry Code / SICC |
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Definition of Code |
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Head Office Physical Address |
5 Hawkins Avenue EPPING Cape Town (This address has not been confirmed as yet) |
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Head Office Postal Address |
P O Box 930 EPPING Cape Town (This address
has not been confirmed as yet) |
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Current Tel Number |
021 5317686 |
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Cell number |
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Current Fax Number |
021 5311152 |
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Current Email Address |
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Web Site Address |
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Auditors Information
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Company Registered Name |
PRICEWATERHOUSECOOPERS INC |
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Trading Name |
PWC INC |
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Registration Number |
1998/012055/21 |
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Physical Address |
2 Eglin Road SUNNINGHILL 2157 |
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Postal Address |
Private Bag X36 SUNNINGHILL 2157 |
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Contact Person |
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Contact Number |
011 797 4000 |
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Email |
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Principals |
246 |
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Judgements Against Subject |
None |
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Judgements Against Principals |
None |
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Subject Verified as Client |
Yes |
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SAICA number |
4950174682 |
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VAT Number |
9343032844 |
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Tax Number |
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BEE Status |
Level 2 |
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Financial Year End |
June |
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Website |
Previous Auditors
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Company Name |
Phone Number |
Time with previous auditors |
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JASWIN CHUNDRA
AND ASSOCIATES |
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Tax Information
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Vat Number |
4950188948 |
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Status |
Active |
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Vat Liable Date |
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Tax Number |
9951001214 |
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Tax Clearance Expire Date |
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Financial Year End |
February |
Black Economic
Empowerment
|
Status |
Unavailable |
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Score |
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Expire Date |
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BEE Certificate Available |
Yes/No |
ISO Status
|
Type of ISO Grade |
Unavailable |
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ISO Certificate |
Yes/No |
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ISO Certificate Available |
Yes/No |
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Certified by an Accredited Agent |
Yes/No |
Workman’s
compensation
|
Registered |
Unavailable |
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Compliance Certified |
Yes/No |
Company Structure
Subsidiaries
|
Subsidiary Company |
Unavailable |
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Shareholding |
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Registration Number |
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Import / Export |
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Subsidiary Company |
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Shareholding |
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Registration Number |
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Import / Export |
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Number of
Employees |
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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 |
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Head Office Owned/ Rented |
Unavailable |
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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 |
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Unavailable |
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Branches Owned/ Rented |
Unavailable |
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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 |
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Management
Overview
Organisation chart
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Level |
Position |
Name |
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Company Structure (Ownership)
Note: One level up and
all levels down
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Holding |
Company |
Sub |
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Trade References
Key
deals signed within the past 12 months.
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Company |
Value |
Contact |
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Unavailable |
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Trade Reference nr |
Supplier |
Contact |
Surety Value |
Notarial Bonds |
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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
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Nr |
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
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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 |
1 |
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Possible
Judgements |
None |
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Civil Court |
None |
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RDs |
None |
Business Rescue
|
Date registered |
Business rescue practitioner |
Contact Information |
Details |
|
None |
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Default Listings
|
Date |
Details |
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None |
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Notarial
Bonds
|
Date |
Details |
|
None |
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Bank Information
|
Bank |
Unavailable |
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Branch |
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Bank Account Number |
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Type of Account |
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Account Name |
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Overdraft Facilities |
Yes/No |
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Date Opened |
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Bank Code |
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Bank Comment |
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Bank Codes History
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Date requested |
Bank Code |
Enquiry Amount |
Number of RD’s |
RD amount |
RD Date |
Bank Comments |
Years with bank |
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Previous Bank
Accounts
|
Banker |
Branch Code |
Account Holder |
Account number |
Date opened |
Years with bank |
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None |
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Deeds
Information
Property
Interestsfor Company
|
Title Deed No. |
None |
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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Financial Information
Financial
Estimates
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CURRENT ASSETS |
Unavailable |
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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 |
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Estimated Current Year Turnover |
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Current Turnover per month |
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Current Turnover per annum |
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Please note the
following:
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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 |
33 |
Active Principals
Principal 1 of 2: SAMALL RAJKUMAR
|
Surname |
RAJKUMAR |
|
First Name |
SAMALL |
|
Other Names |
None |
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Marital Status |
|
|
ID Number |
7302015102083 |
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Verified ID Number |
Yes |
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Current Age |
38 |
|
Designation |
Member |
|
Status |
Active |
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Appointment Date |
1998-02-17 |
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Physical Address (at time of Appointment) |
27 Woodstock Road Mountain Rise PIETERMARITZBURG 3201 |
|
Postal Address |
P O Box 247 LAXMI 3207 |
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Current Tel Number |
033 3971162 |
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Cell number |
078 0192690 |
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Current Fax Number |
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Current Email Address |
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Shareholding |
50% |
Adverse Information
for SAMALL RAJKUMAR
Judgement
|
Number of
Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Business Information for SAMALL RAJKUMAR
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
HAYWORTH ROAD
PROPERTIES CC |
1991/004051/23 |
In Business |
20 years 10
months |
0 |
No |
|
LIGHTING IMAGE
CC |
1992/006458/23 |
In Business |
19 years 9
months |
0 |
No |
|
NATAL IRON AND BRASS
FOUNDRY CC |
B1987/018590/23 |
In Business |
24 years 4
months |
0 |
No |
Previous Business Interests
|
Average Age of
Previous Business Interests |
None |
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Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
None |
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Deeds Information
Property
Interestsfor SAMALL RAJKUMAR
|
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 |
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Purchase price |
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% Ownership |
|
Bond Holder |
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|
Bond Number |
|
Bond Amount |
|
Principal
2 of 2: RISHAL RAJKUMAR
|
Surname |
RAJKUMAR |
|
First Name |
RISHAL |
|
Other Names |
None |
|
Marital Status |
|
|
ID Number |
8210065297050 |
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Verified ID Number |
Yes |
|
Current Age |
29 |
|
Designation |
Member |
|
Status |
Active |
|
Appointment Date |
1998-02-17 |
|
Physical Address (at time of Appointment) |
27 Woodstock Road Mountain Rise PIETERMARITZBURG 3201 |
|
Postal Address |
P O Box 247 LAXMI 3207 |
|
Current Tel Number |
033 3971162 |
|
Cell number |
0849992775 |
|
Current Fax Number |
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|
Current Email Address |
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Shareholding |
50% |
Adverse Information for RISHAL RAJKUMAR
Judgement
|
Number of
Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Business Information for RISHAL RAJKUMAR
Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|||
|
HAYWORTH ROAD
PROPERTIES CC |
1991/004051/23 |
In Business |
20 years 10
months |
0 |
No |
|||
|
LIGHTING IMAGE
CC |
1992/006458/23 |
In Business |
19 years 9
months |
0 |
No |
|||
|
NATAL IRON AND
BRASS FOUNDRY CC |
B1987/018590/23 |
In Business |
24 years 4
months |
0 |
No |
|||
Previous
Business Interests
|
Average Age of
Previous Business Interests |
None |
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
None |
|
|
|
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|
Deeds Information
Property
Interestsfor RISHAL RAJKUMAR
|
Title Deed No. |
None |
Erf/Site No. |
|
|
Deeds Office |
|
Physical Address |
|
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Property Type |
|
Extent / Size |
|
|
Purchase Date |
|
Purchase price |
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% Ownership |
|
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.36 |
|
UK Pound |
1 |
Rs.82.51 |
|
Euro |
1 |
Rs.68.99 |
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 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.