%20LTD%20-%20149228%2027-Jul-2011_files/image002.jpg){kind=small}
MIRA INFORM REPORT
|
Report Date : |
27.07.2011 |
IDENTIFICATION DETAILS
|
Name : |
CHICKS SCRAP METALS (PTY) LTD |
|
|
|
|
Registered Office : |
27 Sulzer Place, Phoenix Industrial Park, Phoenix, Durban |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
27.11.2007 |
|
|
|
|
Com. Reg. No.: |
2007/033881/07 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Recycling of scrap metals |
RATING & COMMENTS
|
MIRAs Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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 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:
This is an established business.
We have only traced dealings to a maximum of R150 000 over 30 days
at present.
We still await trade references.
Unfortunately there is no bank code as the account number was declined
by respondents.
In view of the absence of a bank code , full payment pattern and full
financials we suggest caution.
Company Information
|
Registered
Name |
CHICKS SCRAP METALS (PTY) LTD |
|
Trading
as/ Division Name |
None |
|
Previous Name |
None |
|
Date of Name
Change |
None |
|
Registration
Number |
2007/033881/07 |
|
Registration
Date |
2007-11-27 |
|
Date Commenced
Trading |
2010 |
|
History of
Business |
The business originated many years ago but
was then closed and sold.. The current shareholders took over the subject in
2007 and recommenced the business in a different company. |
|
History of
Principals |
MR R MC CLELLAND formerly worked for THE
RECLAMATION GROUP. |
|
Shareholders of
subject and % holding |
75% THE MC CLELLAND FAMILY
TRUST 15% L D BEELEN |
|
Authorised Share
Capital |
R100 divided into R1 shares |
|
Issued Share
Capital |
R100 |
|
Age of Company |
3 years 8 months |
|
Status |
In Business |
|
Operations
Assessment |
Recycling of scrap metals and sale
thereof. |
|
Industry/
Customers |
Smelters |
|
Export |
To India and China |
|
Major Industry
Code / SICC |
39510 Manufacturing |
|
Definition of
Code |
Recycling of metal waste and scrap |
|
Head Office
Physical Address |
27 Sulzer Place Phoenix Industrial Park PHOENIX Durban |
|
Head Office
Postal Address |
Postnet Suite 92 Private Bag X0001 BALLITO 4420 |
|
Current Tel
Number |
031 5008100 |
|
Current Fax
Number |
031 5009060 |
|
Current Email Address |
jenny@chicksm.co.za |
|
Web Site Address |
None |
Auditors Information
|
Company
Registered Name |
RUSSEL JAMES AND CO INC |
|
Trading Name |
None |
|
Registration
Number |
1997/003350/21 |
|
Physical Address |
Silverstone Way Douglas Crowe Drive BALLITO North Coast |
|
Postal Address |
P O Box 527 UMHLALI 4420 |
|
Contact Person |
IYESHA GAFFOOR |
|
Contact Number |
032 9463405 |
|
Email |
|
|
Principals |
R JAMES A HOLMES C MARITZ |
|
Judgements
Against Subject |
None |
|
Judgements
Against Principals |
None |
|
Subject Verified
as Client |
Yes |
|
SAICA number |
962422 |
|
VAT Number |
4310224755 |
|
Tax Number |
9220290846 |
|
Financial Year End |
December |
|
Website |
www.russelljames.co.za |
Previous Auditors
|
Company Name/ Tel |
Time With Previous Auditors |
|
D G CHARTERED ACCOUNTANTS |
1 year |
Tax Information
|
Vat Number |
4490254135 |
|
Status |
Active |
|
Vat Liable Date |
Monthly |
|
Tax Number |
9194799160 |
|
Tax Clearance
Expire Date |
February |
|
Financial Year
End |
February |
Black Economic
Empowerment
|
Status |
Yes, in the process of being scored |
|
Score |
|
|
Expire Date |
|
|
BEE Certificate
Available |
Yes/No |
ISO Status
|
Type of ISO
Grade |
No |
|
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
|
Branches |
2 |
|
Branches Names |
Country |
Province |
|
Ottawa |
Durban |
Kwazulu
Natal |
|
Richards
Bay |
Richards
bay |
Kwazulu
Natal |
|
Subsidiary
Company |
None |
|
Shareholding |
|
|
Registration
Number |
|
|
Import / Export |
|
|
Number of
Employees |
97 |
|
1.
Salaried
employees |
26 |
|
2.
Waged
employees |
71 |
|
3.
Permanent
employees |
|
|
4.
Casual
employees |
|
|
5.
Contracted
employees |
|
Company Fleet |
No of vehicles: |
Owned/ Leased |
Value |
Outstanding
Balance |
|
Fleet Operations |
12 |
|
|
|
|
The Fleet is
made up of |
|
|
|
|
|
1.
Cars |
|
|
|
|
|
2.
Light
Delivery Vehicles |
|
|
|
|
|
3.
Trailers |
|
|
|
|
|
4.
Busses |
|
|
|
|
|
5.
Trucks |
12 |
Owned |
Declined |
Declined |
|
6.
Fork
Lifts |
|
|
|
|
|
7.
Other |
|
|
|
|
Head Office
Owned/ Rented |
Leased |
|
Rental Company |
MC CLELLAND PROPERTY INVESTMENTS |
|
Owned by |
|
|
Value |
|
|
Bond |
|
|
Bank |
|
|
Lease Agreement |
Renew every year, group related company |
|
Lease Expire
Date |
|
|
Type of Premises |
|
Branches Owned/
Rented |
Leased |
|
Rental Company |
MC CLELLAND PROPERTY INVESTMENTS |
|
Owned |
|
|
Value |
|
|
Bank |
|
|
Bond |
|
|
Lease Agreement |
Renew every year, group related company |
|
Lease Expire
Date |
|
|
Type of Premises |
|
Trade References
|
Supplier |
Contact |
|
TOYOTA |
031 9495185 |
|
RENWOODS
TRANSPORT |
031 5025022 |
|
SERCO |
031 5081000 |
|
AFROX |
0860 020202 |
|
DUYS ENGINEERING |
031 7131700 |
Trade References
|
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
|
Do |
Not |
Give |
Trade |
References |
|
|
|
2007 |
Open |
R150 000 |
30 days |
R50 000-R150
000 |
30 days |
Good |
|
Awaiting |
further trade |
references |
|
|
|
|
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 |
|||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Property Type: |
None |
Stand Number: |
|
|
Street Number: |
|
Street Name: |
|
|
Municipal Suburb: |
|
Municipal City: |
|
|
Township Name: |
|
Province: |
|
|
Deeds Office: |
|
Transfer ID: |
|
|
Title Deed Number: |
|
Purchase Date: |
|
|
Transfer Date: |
|
Erf Size: |
|
|
Sold Price: |
|
|
|
Bank Information
|
Bank |
ABSA |
|
Branch |
DURBAN NORTH |
|
Bank Account
Number |
Further banking information was declined. |
|
Type of Account |
|
|
Branch Code |
|
|
Account Name |
|
|
Overdraft
Facilities |
|
|
Date Opened |
|
|
Bank Code |
Unable to obtain without bank account number. |
|
Bank Comment |
|
Bank Codes History
|
Date requested |
Bank Code |
Enquiry Amount |
Number of RDs |
RD amount |
RD Date |
Bank Comments |
|
None |
|
|
|
|
|
|
Previous Bank
Accounts
|
Banker |
Branch Code |
Account Holder |
Account number |
Date opened |
Years with bank |
|
None |
|
|
|
|
|
Financial Information
Financial
Estimates
|
CURRENT ASSETS |
|
|
Stock |
|
|
Debtors |
|
|
Cash on Hand |
|
|
FIXED ASSETS |
|
|
Plant,
Equipment, Vehicles |
|
|
Property |
|
|
CURRENT
LIABILITIES |
|
|
Creditors |
|
|
Loans/ From? |
|
|
LONG TERM
LIABILITIES |
|
|
Morgage Bonds |
|
|
ANNUAL Turnover |
R108 000 000 |
|
Previous Year
Turnover |
|
|
Estimated
Current Year Turnover |
|
Principals
|
Number of
Principals |
3 |
|
Average
Age of Active Principals |
40 |
Active Principals
Principal 1 of 3
|
Surname |
TREMBLING |
|
First Names |
TERENCE CHARLES |
|
Marital Status |
Married |
|
ID Number |
5903065044083 |
|
Verified ID
Number |
Yes |
|
Current Age |
52 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2010-04-12 |
|
Address (at time of
Appointment) |
47 Paul Avenue EMPANGENI 3880 |
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 |
|
BUSINESS
TRAINING CENTRE CC |
1991/026407/23 |
In Business |
0 |
No |
|
FIRST
PROPERTY ADMINISTRATORS CC |
1996/037286/23 |
In Business |
0 |
No |
|
GLATZ
AND DOWNING ENTERPRISES CC |
1996/042050/23 |
In Business |
0 |
No |
|
DS
AND T ACCOUNTING ENTERPRISES (PTY) LTD |
1997/001089/07 |
Deregistration Final |
0 |
No |
|
JLT
PROPERTIES CC |
2000/029858/23 |
In Business |
0 |
No |
|
REALITY
DYNAMIX 38 (PTY) LTD |
2004/028644/07 |
In Business |
0 |
No |
|
GOUP
WRECK INTERNATIONAL (PTY) LTD |
2006/026696/07 |
In Business |
0 |
No |
|
PROSPERISENSE
55 CC |
2009/189256/23 |
In Business |
0 |
No |
|
IZAZI
RETAILERS 133 CC |
2010/173235/23 |
In Business |
0 |
No |
Previous Business
Interests
|
Average Age of
Previous Business Interests |
10 years |
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
TRULY WONDERFUL PROPERTY
INVESTMENTS CC |
1995/038991/23 |
In
Business |
0 |
No |
|
CRITICAL
RESOURCE CC |
1997/010566/23 |
In
Business |
0 |
No |
|
EAST SUN
INVESTMENTS CC |
1998/051729/23 |
Deregistration
Final |
0 |
No |
|
P AND P COLOUR
CODING CC |
1998/057377/23 |
Deregistration
Process |
0 |
No |
|
SPECIALIZED
PLANNING SYSTEMS CC |
2001/071964/23 |
In
Business |
0 |
No |
|
JACK CALDEIRA
TRAIDNG CC |
2001/072019/23 |
In
Business |
0 |
No |
|
IZAZI RETAILERS
54 CC |
2002/076100/23 |
Deregistration
Process |
0 |
No |
|
TAMASA TRADING
430 CC |
2002/093566/23 |
In
Business |
0 |
No |
|
BIRCO CARRIERS
(PTY) LTD |
2004/013172/07 |
Deregistration
Process |
0 |
No |
|
CHAMDOR SCRAP
METALS CC |
2005/133701/23 |
In
Business |
0 |
No |
Deeds Information
Property Interests of Principle
|
Property Interest |
|||
|
Title Deed No. |
ST41132/2006 |
Erf/Site No. |
6947.2-3 OTHERS |
|
Deeds Office |
PIETERMARITZBURG |
Physical Address |
215 BULWER BEREA |
|
Property Type |
Sectional Title/ Unit |
Extent / Size |
54.0 SQM |
|
Purchase Date |
2006-05-04 |
Purchase price |
330000.00 |
|
% Ownership |
0.0000 |
Bond Holder |
|
|
Bond Number |
K4471996S |
Bond Amount |
0.0000 |
Principal 2 of 3
|
Surname |
BEELEN |
|
First Names |
LOUIS-DIDIER |
|
Marital Status |
Unmarried |
|
ID Number |
8405245744183 |
|
Verified ID
Number |
Yes |
|
Current Age |
27 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2010-01-11 |
|
Address (at time
of Appointment) |
G55 SABUTI SIMBILHI ECO ESTATE CHAKAS ROCK 4422 |
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 |
|
BELEEN PROPERTY
CC |
1993/009629/23 |
In
Business |
0 |
No |
Previous Business
Interests
|
Average Age of
Previous Business Interests |
10 years |
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
GROUP WRECK INTERNATIONAL
(PTY) LTD |
2006/026696/07 |
In
Business |
0 |
No |
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 |
0.0000 |
Principal 3 of 3
|
Surname |
MC CLELLAND |
|
First Names |
ROBERT |
|
Marital Status |
Married |
|
ID Number |
6905215171087 |
|
Verified ID
Number |
Yes |
|
Current Age |
42 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2007-11-27 |
|
Address (at time of
Appointment) |
G56 SABUTI SIMBITHI ECO ESTATE BALLITO 4420 |
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 |
|
WAYS AND MEANS
PROPERTIES CC |
1988/018476/23 |
In
Business |
0 |
No |
|
ZULULAND WASTE
COLLECTORS CC |
1993/000370/23 |
Deregistration
Final |
0 |
No |
|
MACS MOBILE
VALETS CC |
1996/008317/23 |
Deregistration
Final |
0 |
No |
|
KINGCAT MARINE
CC |
2000/042674/23 |
Conversion |
0 |
No |
|
MCCLELLAND
PROPERTY INVESTMENTS (PTY) LTD |
2006/008875/07 |
In
Business |
0 |
No |
|
SOUTH AFRICAN
RECYCLING EQUIPMENT(PTY) LTD |
2007/016227/07 |
In
Business |
0 |
No |
|
PEREZ PROPERTY AND
INVESTMENTS (PTY) LTD |
2009/015594/07 |
In
Business |
0 |
No |
|
FOREIGN METAL
TRADERS CC |
2009/026817/23 |
In
Business |
0 |
No |
Previous Business
Interests
|
Average Age of
Previous Business Interests |
11 years |
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
BELEEN PROPERTY
CC |
1993/009629/23 |
In
Business |
0 |
No |
|
STANGER SCRAP
METALS AND RECYCLERS CC |
1996/035676/23 |
In
Business |
0 |
No |
|
RECLAMATION
PROPERTY HOLDINGS (PTY) LTD |
1998/018164/07 |
In
Business |
0 |
No |
|
THE RECLAMATION
GROUP (PTY) LTD |
1998/021577/07 |
In
Business |
0 |
No |
|
BLUE DOT
PROPERTIES 1536 CC |
2000/014500/23 |
In
Business |
0 |
No |
|
BONREC
PROCESSING AND RECYCLING SERVICES (PTY) LTD |
2000/028054/07 |
In
Business |
0 |
No |
|
RECLAM CHEMICALS
(PTY) LTD |
2003/009453/07 |
In
Business |
0 |
No |
|
BOATING
EXCELLENCE CC |
2003/051278/23 |
Deregistration
Final |
0 |
No |
|
ZULU LODGE
RICHARDS BAY CC |
2005/084487/23 |
In
Business |
0 |
No |
|
AMANDLA AWETHU
ENGINEERING CC |
2007/111383/23 |
Deregistration
Final |
0 |
No |
Deeds Information
Property Interests
of Principle
|
Property Interest |
|||
|
Title Deed No. |
T26790/2006 |
Erf/Site No. |
|
|
Deeds Office |
PIETERMARITZBURG |
Physical Address |
46 KUDU BALLITO DOLPHIN COAST BALLITO |
|
Property Type |
Freehold/ Ervin |
Extent / Size |
1578.0 SQM |
|
Purchase Date |
2006-03-01 |
Purchase price |
3550000.00 |
|
% Ownership |
0.0000 |
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
0.0000 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.29 |
|
UK Pound |
1 |
Rs.72.37 |
|
Euro |
1 |
Rs.64.17 |
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.