MIRA
INFORM REPORT
|
Report Date : |
29.07.2011 |
IDENTIFICATION DETAILS
|
Name : |
J A BREMNER CC |
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Registered Office : |
Plot 82 Nootgedaght West Rand |
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Country : |
South Africa |
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Date of Incorporation : |
23.04.2003 |
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Com. Reg. No.: |
2003/031084/23 |
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Legal Form : |
Close Corporation |
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Line of Business : |
Importing and distribution of pumps
generators and garden equipment. |
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
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
South Africa |
A2 |
A2 |
|
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 business that was
formerly a (PTY) LTD company.
The subject is a family company meeting
traceable payments timeously.
The maximum amount traced is R550 000.
The lack of financial data should be borne in
mind when making a credit decision.
We are still awaiting a bank code.
Company Information
|
Registered
Name |
J A BREMNER CC |
|
Trading
as/ Division Name |
KLB ENGINEERING |
|
Previous Name |
None |
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Date of Name
Change |
None |
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Registration
Number |
2003/031084/23 |
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Registration
Date |
2003-04-23 |
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Date Commenced
Trading |
1957 |
|
History of
Business |
The business was previously a PTY LTD company which changed into a CC
in 2003. The company has always been in the BREMNER family. |
|
History of
Principals |
MR F J BREMNER joined the business in 1980. |
|
Members of
subject and % holding |
100% F J BREMNER |
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Members
Contribution |
R20 000 |
|
Age of Company |
8 years 3 months |
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Status |
In Business |
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Operations
Assessment |
Importing and distribution of pumps
generators and garden equipment. |
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Industry/
Customers |
Retailers and Wholesalers. |
|
Export |
To neighbouring countries. |
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Major Industry
Code / SICC |
61430 Wholesale,Retail |
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Definition of
Code |
Wholesale trade in construction materials,
hardware, plumbing and heating. |
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Head Office
Physical Address |
Plot 82 NOOTGEDAGHT West Rand |
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Head Office
Postal Address |
P O Box 1190 NORTHRIDING 2162 |
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Current Tel
Number |
011 6681923/4 |
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Current Fax
Number |
011 6681925 |
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Current Email
Address |
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|
Web Site Address |
None |
Auditors Information
|
Company
Registered Name |
RONFIN FINANCIAL SERVICES CC |
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Trading Name |
None |
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Registration
Number |
2003/029391/23 |
|
Physical Address |
29 Market street JOHANNESBURG Gauteng |
|
Postal Address |
P o Box 1724 SAXONWOLD 2132 |
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Contact Person |
MR FRANCIS |
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Contact Number |
011 4627005 |
|
Principals |
G WILLIAMS L SCHEFFER A CATANIA R FRANCIS Y SASSINE D BISHOP |
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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 |
|
SAICA number |
53487 (accountant: Innes Buchanan) |
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VAT Number |
4820184564 |
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Tax Number |
9450301164 |
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BEE Status |
None |
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Financial Year
End |
February |
|
Years With
Auditors |
15 years |
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Website |
None |
Previous Auditors
|
Company Name/ Tel |
Time With Previous Auditors |
|
KPMG AIKEN AND PEAT |
21 years |
Tax Information
|
Vat Number |
4230120810 |
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Status |
Active |
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Vat Liable Date |
September- Bi monthly |
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Tax Number |
9175984161 |
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Tax Clearance
Expire Date |
June |
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Financial Year
End |
June |
Black Economic Empowerment
|
Status |
None |
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Score |
|
|
Expire Date |
|
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BEE Certificate Available |
Yes/No |
ISO Status
|
Type of ISO
Grade |
None |
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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 |
Yes |
|
Compliance
Certified |
Yes |
Company Structure
|
Branches |
None |
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Branches Names |
Country |
Province |
|
None |
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Subsidiary
Company |
None |
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Shareholding |
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Registration
Number |
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Import / Export |
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Number of
Employees |
25 |
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1.
Salaried
employees |
25 |
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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 |
No Fleet |
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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 |
Rented from the Bremner Family |
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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 |
Renewed every year |
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Lease Expire
Date |
No expiry date |
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Type of Premises |
Offices and storage |
Trade References
|
Supplier |
Contact |
|
SAVINO DEL BENE |
011 4373000 |
|
LONEHILL |
031 7640593 |
Trade References
|
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
|
2004 |
R1 000 000 |
R550 000 |
30 days |
R500 000-R550
000 |
30 days |
Excellent |
|
5 years |
None |
R25 000 |
30 days |
R5 000 -
R15 000 |
30 days |
Very Good |
Adverse Information on Subject
|
Judgements |
None |
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Possible
Judgements |
None |
|
Civil Court |
None |
|
RDs |
None |
Default Data
|
Date |
Details |
|
None |
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Notarial Bonds
|
Date |
Details |
|
None |
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Deeds Information
|
Property Interest |
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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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Bank Information
|
Bank |
FIRST NATIONAL BANK |
|
Branch |
NORTHGATE |
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Bank Account
Number |
62237730149 |
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Type of Account |
Current |
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Account Name |
J A BREMNER CC |
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Overdraft
Facilities |
None |
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Date Opened |
|
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Bank Code |
Awaiting a Bank Code |
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Bank Comment |
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Bank Codes History
|
Date requested |
Bank Code |
Enquiry Amount |
Number of RD’s |
RD amount |
RD Date |
Bank Comments |
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None |
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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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Financial Information
Financial Estimates
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CURRENT ASSETS |
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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 Turnover |
R18 000 000 p/annum |
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Previous Year
Turnover |
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Estimated
Current Year Turnover |
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Principals
|
Number of
Principals |
1 |
|
Average Age of
Active Principals |
58 |
Active Principals
Principal 1 of 1
|
Surname |
BREMNER |
|
First Names |
FREDERICK JAMES |
|
Marital Status |
Married |
|
ID Number |
5307215014006 |
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Verified ID
Number |
Yes |
|
Current Age |
58 |
|
Designation |
Member |
|
Status |
Active |
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Appointment Date |
Unavailable, not on record |
|
Address (at time
of Appointment) |
Plot 82 NOOITGEDAGHT 1739 |
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 |
|
JP AGRI EQUIP
SERVICES CC |
1995/007826/23 |
In Business |
0 |
No |
|
ANDERSON AND
BREMNER AGENCIES CC |
2001/039570/23 |
In Business |
0 |
No |
|
NEW HEIGHTS 294
CC |
2003/029418/23 |
Deregistration
Final |
0 |
No |
|
CAPSTONE 126 CC |
2003/029420/23 |
Deregistration
Final |
0 |
No |
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PLOT 82 NOOITGEDAGHT
PROPERTIES CC |
2003/031963/23 |
In Business |
0 |
No |
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FJ BREMNER |
5307215014006 |
In Business |
0 |
No |
Previous Business Interests
|
Average Age of
Previous Business Interests |
None |
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Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
None |
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Deeds Information
Property Interests of Principle
|
Property Interest |
|||
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Title Deed No. |
ST57798/2005 |
Erf/Site No. |
465,0 |
|
Deeds Office |
JOHANNESBURG |
Physical Address |
23 Elsie RADIOKOP Roodepoort |
|
Property Type |
Sectional Title/ Unit |
Extent / Size |
155.0SQM |
|
Purchase Date |
2004-12-23 |
Purchase price |
670000.00 |
|
% Ownership |
0.0000 |
Bond Holder |
FIRSTRAND BANK LTD |
|
Bond Number |
SB777452005 |
Bond Amount |
665000.00 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.12 |
|
|
1 |
Rs.72.05 |
|
Euro |
1 |
Rs.63.33 |
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.