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MIRA INFORM REPORT
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Report Date : |
07.07.2011 |
IDENTIFICATION DETAILS
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Name : |
INDIA STEEL (PTY) LTD |
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Registered Office : |
1 Van Till Road, Alrode, Johannesburg |
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Country : |
South Africa |
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Date of Incorporation : |
26.02.2004 |
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Com. Reg. No.: |
2004/005163/07 |
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Legal Form : |
Private Company |
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Line of Business : |
Scrap Metal Processor |
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 |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 – March 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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South Africa |
a1 |
a1 |
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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 company.
We await detailed information via a
questionnaire that was sent to the subject on Mon 20th June.
We have not, as yet, had any reply.
It has been confirmed that the company received our letter however they
are very busy at present.
It is now the 5th of July and
still no further details have been forwarded.
It seems as though the company is reluctant
to assist.
Please see basic details below.
Company Information
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Registered
Name |
INDIA STEEL (PTY) LTD |
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Trading
as/ Division Name |
Not Forthcoming |
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Previous Name |
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Registration
Number |
2004/005163/07 |
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Registration
Date |
2004/02/26 |
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Date Commenced
Trading |
Not Forthcoming |
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History of
Business |
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Shareholding and
% holding |
Not Forthcoming, was mentioned as being 100% MR S AHUJA. |
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Share capital |
Not Forthcoming |
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Age of Company |
7 years |
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Status |
Active |
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Industry/
Customers |
Unknown |
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Operations
Assessment |
Scrap metal processor, not confirmed |
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Head Office
Physical Address |
1 Van Till Road ALRODE Johannesburg |
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Head Office
Postal Address |
P O Box 4177 RIVONIA 2128 |
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Current Tel
Number |
011 9089440 |
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Current Fax
Number |
011 9089441 |
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Current Email
Address |
info@indiasteel.co.za |
Tax Information
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Vat Number |
4200212092 |
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Vat Liable Date |
Not Forthcoming |
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Status |
Active |
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Tax Number |
9234635150 |
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Tax Clearance |
Not Forthcoming |
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Tax Clearance
Expire Date |
Not Forthcoming |
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Financial Year
End |
February |
Black Economic
Empowerment
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Status |
None compliant |
ISO Status
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Type of ISO
Grade |
None |
Workman’s
compensation
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Registered |
Yes |
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Compliance
Certified |
Yes |
Company Structure
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Branches |
Not Forthcoming |
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Associated
Companies |
Not Forthcoming |
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Shareholding |
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Registration
Number |
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Import / Export |
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Number of
Employees |
Not Forthcoming |
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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 |
Not Forthcoming |
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Fleet Operations |
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The Fleet is
made up of |
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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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Head Office
Owned/ Rented |
Not Forthcoming |
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Rental Company |
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Owned by |
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Lease Agreement |
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Lease Expire
Date |
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Type of Premises |
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Trade
References
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Supplier |
Contact |
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Not Forthcoming |
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Adverse
Information on Subject
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Judgements |
None |
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Possible
Judgements |
None |
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Civil Court
Records |
None |
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RDs |
None |
Default
Data
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Date |
Details |
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None |
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Notarial
Bonds
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Date |
Details |
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None |
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Auditors Information
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Company
Registered Name |
Not Forthcoming |
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Trading Name |
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Physical Address |
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Postal Address |
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Contact Person |
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Contact Number |
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Subject Verified
as Client |
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SAICA number |
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Years With
Auditors |
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Bank Information
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Bank |
Not Forthcoming |
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Branch |
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Bank Account
Number |
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Type of account |
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Branch Code |
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Account Name |
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Date Opened |
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Bank Code |
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Bank Comment |
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Deeds Information
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Property Interest 1 of 1 |
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Property Type: |
None |
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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Financial Information
Financial
Estimates
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CURRENT ASSETS |
Not Forthcoming |
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Stock |
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Debtors |
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Cash on Hand |
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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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ANNUAL / MONTHLY
Turnover |
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Previous Year
Turnover |
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Estimated
Current Year Turnover |
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Principals
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Number of
Principals |
1 |
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Average Age of
Active Principals |
61 |
Active Principals
Principal 1 of 1
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Surname |
AHUJA |
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First Names |
SACHIN |
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Date of Birth |
750209 |
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Current Age |
61 |
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Designation |
Director |
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Status |
Active |
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Appointment Date |
2004-04-01 |
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Address (at time of
Appointment) |
12 Tuscani Lots 43 Van Tonder Avenue EDENVALE 1610 |
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ID Verification |
No |
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Marital Status |
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Adverse
Information on Principal
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Number
of Judgements |
None |
Debt Review
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Debt review |
None |
Other
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Default data |
None |
Business Information on
Principal
Current Business Interests
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Company Name |
Registration No |
Status |
Judgements |
Liquidation |
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None |
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Previous Business
Interests
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Average Age of
Previous Business Interests |
N/A |
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Company Name |
Registration No |
Status |
Judgements |
Liquidation |
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None |
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Deeds Information
Property Interests of
Principle
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Property Interests |
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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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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.38 |
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UK Pound |
1 |
Rs.71.24 |
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Euro |
1 |
Rs.64.16 |
RATING EXPLANATIONS
|
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 |
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