MIRA
INFORM REPORT
|
Report Date : |
22.07.2011 |
IDENTIFICATION DETAILS
|
Name : |
RST AGENCIES TRUST |
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|
|
|
Formerly Known As : |
ROUSANT INTERNATIONAL CC |
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Registered Office : |
84 Beyers Naude Drive Rooseveldt Park Gauteng |
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Country : |
South Africa |
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Year of Establishment : |
2009 |
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Com. Reg. No.: |
IT 3461/2009 |
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Legal Form : |
Trust |
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|
Line of Business : |
Retail Wholesale |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
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|
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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
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
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
On investigation it was established that the
subject is actually RST AGENCIES TRUST, trading as ROUSANT INTERNATIONAL. See
Below.
Dealings have been traced to a figure of
R500 000.
A Bank code revealed that the subject is considered
as equal to R200 000 over 30 days in the normal way of business.
In view of the absence of financial
information it is suggested dealings be secured.
Company Information
|
Registered
Name |
RST AGENCIES TRUST |
|
Trading
as/ Division Name |
ROUSANT INTERNATIONAL |
|
Previous Name |
None |
|
Date of Name
Change |
None |
|
Registration
Number |
IT 3461/2009 |
|
Registration
Date |
2009 |
|
Date Commenced
Trading |
2009 |
|
History of
Business |
The business was registered to take over operations of a previous CC
namely ROUSANT INTERNATIONAL CC That was deregistered in 2010
The original CC had been trading since 1994. |
|
History of
Principals |
MR VILJOEN and MR CREWE-BROWN were both involved in the original CC. |
|
Trustees |
A VILJOEN R CREWE-BROWN B N GAMSU |
|
Age of Trust |
1 year |
|
Status |
In Business |
|
Operations
Assessment |
Procurement agents for the energy sector. |
|
Industry/
Customers |
Eskom and associate companies in Africa. |
|
Export |
Africa |
|
Major Industry
Code / SICC |
62590 Retail Wholesale |
|
Definition of
Code |
Other retail trade not in stores |
|
Head Office
Physical Address |
84 Beyers Naude Drive ROOSEVELDT PARK Gauteng |
|
Head Office
Postal Address |
P O Box 4316 CRESTA 2118 |
|
Current Tel
Number |
011 7821644 |
|
Current Fax
Number |
011 7824828 |
|
Current Email
Address |
|
|
Web Site Address |
www.rousant.co.za |
Auditors Information
We have forwarded a letter to the auditors to assist with detailed
information and await a reply.
|
Company
Registered Name |
ATLANTIC TRUST |
|
Trading Name |
None |
|
Registration
Number |
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|
Physical Address |
|
|
Postal Address |
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|
Contact Person |
BRIAN GAMSU |
|
Contact Number |
021 4235678/ Hester |
|
Email |
|
|
Principals |
|
|
Judgements
Against Subject |
|
|
Judgements
Against Principals |
|
|
Subject Verified
as Client |
Yes |
|
SAICA number |
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|
VAT Number |
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|
Tax Number |
|
|
BEE Status |
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|
Financial Year
End |
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|
Years With
Auditors |
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|
Website |
|
Previous Auditors
|
Company Name/ Tel |
Time With Previous Auditors |
|
NJE RHOLOFF |
Unknown |
Tax Information
|
Vat Number |
4380255978 |
|
Status |
Active |
|
Vat Liable Date |
Unsure |
|
Tax Number |
Not Available |
|
Tax Clearance
Expire Date |
Not available |
|
Financial Year
End |
Not available |
Black Economic Empowerment
|
Status |
None |
|
Score |
|
|
Expire Date |
|
|
BEE Certificate
Available |
Yes/No |
ISO Status
|
Type of ISO
Grade |
None |
|
ISO Certificate |
|
|
ISO Certificate
Available |
|
|
Certified by an
Accredited Agent |
|
Workman’s compensation
|
Registered |
Yes |
|
Compliance
Certified |
Yes |
Company Structure
|
Branches |
None |
|
Subsidiary
Company |
None |
|
Shareholding |
|
|
Registration
Number |
|
|
Import / Export |
|
|
Number of
Employees |
15 |
|
1.
Salaried
employees |
15 |
|
2.
Waged
employees |
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|
3.
Permanent
employees |
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|
4.
Casual
employees |
|
|
5.
Contracted
employees |
|
Company Fleet |
No of vehicles: |
Owned/ Leased |
Value |
Outstanding
Balance |
|
Fleet Operations |
None |
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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 |
Owned |
|
Rental Company |
|
|
Owned by |
The subject RST AGENCIES TRUST |
|
Value |
R2 500 000 |
|
Bond |
Small |
|
Bank |
ABSA |
|
Lease Agreement |
|
|
Lease Expire
Date |
|
|
Type of Premises |
|
Trade References
The subject mainly imports from the far east and only deals locally with
:
|
Supplier |
Contact |
|
SRP SHIPPING |
031 3329900 |
|
EBERHARD MARTIN |
011 2880027 |
|
GEODIS WILSON |
011 3961830 |
Trade References
|
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
|
5 years |
Open |
R700 000 |
7/30 days |
R500 000 -
R700 000 |
7/30 days |
Very Good |
|
2008 |
Declined |
Figures |
30 -2.5% |
Declined |
30-2.5% |
Good |
|
No |
Account |
COD |
|
|
|
|
Adverse Information on Subject
|
Judgements |
None |
|
Possible
Judgements |
None |
|
Civil Court |
None |
|
RDs |
None |
Default Data
|
Date |
Details |
|
None |
|
Notarial Bonds
|
Date |
Details |
|
None |
|
Deeds Information
|
Property Interest |
|||
|
Title Deed No. |
T99890/1997 |
Erf/Site No. |
0 |
|
Deeds Office |
Cape Towns |
Physical Address |
Stellenbosch Rural |
|
Property Type |
Farms |
Extent / Size |
17.4935H |
|
Purchase Date |
1997-09-23 |
Purchase price |
R752 400 |
|
% Ownership |
0.0000 |
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
0 |
Bank Information
|
Bank |
NEDBANK |
|
Branch |
FRANSHOEK |
|
Bank Account
Number |
1670017427 |
|
Type of Account |
Current |
|
Branch Code |
167005 |
|
Account Name |
RST AGENCIES TRUST |
|
Date Opened |
14-04-2010 |
|
Bank Code |
C |
|
Bank Comment |
The subjects bankers consider them as equal to their normal business
engagements and to a figure of R200 000 over 30 days. |
Bank Codes History
|
Date requested |
Bank Code |
Enquiry Amount |
Number of RD’s |
RD amount |
RD Date |
Bank Comments |
|
None |
|
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Previous Bank Accounts
|
Banker |
Branch Code |
Account Holder |
Account number |
Date opened |
Years with bank |
|
None |
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|
Financial Information
Financial Estimates
|
CURRENT ASSETS |
Full financial information was not forthcoming from the subject and
outside authorities could not assist in this respect. |
Principals
|
Number of
Principals |
3 |
|
Average Age of
Active Principals |
55 |
Active Principals
Principal 1 of 3
|
Surname |
VILJOEN |
|
First Names |
AUGUSTUS |
|
Marital Status |
Married |
|
ID Number |
6608185086083 |
|
Verified ID
Number |
Yes |
|
Current Age |
45 |
|
Designation |
Trustee |
|
Status |
Active |
Adverse Information on Principal
Judgement
|
Number of Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Business Information on Principal
Current Business
Interests
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
HIGHWOOD
INVESTMENTS CC |
1990/002635/23 |
In Business |
0 |
No |
|
ANANOVA TRADE CC |
2000/035201/23 |
In Business |
0 |
No |
|
ROSEBANK MEDICAL
SUPPLIES CC |
2000/044616/23 |
Deregistration
Final |
0 |
No |
|
ROUSANT
INTERNATIONAL CC |
1994/016288/23 |
Deregistration
Final |
0 |
No |
Previous Business
Interests
|
Average Age of
Previous Business Interests |
None |
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
None |
|
|
|
|
Deeds Information
Property
Interests of Principle
|
Property Interest |
|||
|
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 3
|
Surname |
CREWE-BROWN |
|
First Names |
ROGER |
|
Marital Status |
Married |
|
ID Number |
4608195133083 |
|
Verified ID
Number |
Yes |
|
Current Age |
65 |
|
Designation |
Trustee |
|
Status |
Active |
Adverse Information on Principal
Judgement
|
Number of
Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Business Information on Principal
Current Business Interests
|
Company
Name |
Registration No |
Status |
Judgements |
Liquidation |
|
HIGHWOOD
INVESTMENTS CC |
1990/002635/23 |
In Business |
0 |
No |
|
ANANOVA
TRADE CC |
2000/035201/23 |
In Business |
0 |
No |
|
ROSEBANK
MEDICAL SUPPLIES CC |
2000/044616/23 |
Deregistration
Final |
0 |
No |
|
ROUSANT
INTERNATIONAL CC |
1994/016288/23 |
Deregistration
Final |
0 |
No |
|
BOUNDARY
PROPERTIES CC |
1989/023408/23 |
In Business |
0 |
No |
|
ENERGY
PROCUREMENT SERVICES (PTY) LTD |
1993/002565/07 |
Deregistration
Final |
0 |
No |
|
POWERCHUTE
SOUTH AFRICA (PTY) LTD |
1993/002928/07 |
Deregistration
Final |
0 |
No |
|
CAPENSIS
INVESTMENTS 428 (PTY) LTD |
2001/017394/07 |
Conversion |
0 |
No |
|
TRISOPLAST
SA CC |
2011/003656/23 |
In Business |
0 |
No |
Previous Business Interests
|
Average Age of
Previous Business Interests |
None |
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
None |
|
|
|
|
Deeds Information
Property Interests of Principle
|
Property Interest |
|||
|
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 3 of 3
Only the following information for Mr Gamsu was available.
|
Surname |
GAMSU |
|
First Names |
BRIAN N |
|
Marital Status |
Unknown |
|
ID Number |
Unknown |
|
Verified ID
Number |
Unknown |
|
Current Age |
Unknown |
|
Designation |
Trustee |
|
Status |
Active |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.43 |
|
|
1 |
Rs.71.89 |
|
Euro |
1 |
Rs.63.41 |
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.