MIRA
INFORM REPORT
|
Report Date : |
19.09.2011 |
IDENTIFICATION DETAILS
|
Name : |
NATAL IRON AND BRASS FOUNDRY CC |
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Registered Office : |
5 Hayworth Road Mkondeni Pietermaritzburg Kwa Zulu Natal |
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Country : |
South Africa |
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Date of Incorporation : |
17.08.1987 |
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Com. Reg. No.: |
1987/018590/23 |
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Legal Form : |
Close Corporation |
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Line of Business : |
The manufacturing, importing and
distribution of ductile iron and cast iron products such as manhole covers,
storm water grating, frames, valve and meter boxes. |
RATING & COMMENTS
|
MIRA’s Rating : |
C |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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Status : |
Undetermined |
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Payment Behaviour : |
Unknown |
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Litigation : |
-- |
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 |
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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
Further to our previous report we have still
had no reply from MR SAMALL KHAJADAR.
We have been leaving messages at the business
and on his cellular number 084 5966573.
It seems as though respondents are reluctant
to assist.
We therefore cannot recommend any dealingswhatsoever.
Company Information
|
Registered
Name |
NATAL IRON AND BRASS FOUNDRY CC |
|
Trading
as |
NIBF |
|
Previous Name |
None |
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Date of Name
Change |
None |
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Registration
Number |
1987/018590/23 |
|
Registration
Date |
17 August 1987 |
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Date Commenced
Trading |
Unavailable |
|
History of
Business |
The subject was originally established by K RAJKUMAR in 1982. K RAJKUMAR passed away in 2008. |
|
History of
Principals |
Unavailable |
|
Members of
subject and % holding |
50% RISHAL RAJKUMAR 50% SAMALL RAJKUMAR |
|
Members
Contribution |
R100.00 |
|
Age of Company |
24 years 1 month |
|
Status |
Active |
|
Operations
Assessment |
The manufacturing, importing and distribution
of ductile iron and cast iron products such as manhole covers, storm water
grating, frames, valve and meter boxes. |
|
Industry/
Customers |
Telecoms, highways, civil engineering,
construction and housing sectors. |
|
Area of
Distribution |
South Africa |
|
Export |
Neighbouring countries |
|
Major Industry
Code / SICC |
35101 MANUFACTURING |
|
Definition of
Code |
Basic iron and steel industries, except
steel pipe and tube mills |
|
Head Office
Physical Address |
5 Hayworth Road Mkondeni PIETERMARITZBURG KwaZulu Natal |
|
Head Office
Postal Address |
P O Box 247 LAXMI 3207 |
|
Current Tel
Number Cell number |
033 386 6572 |
|
Current Fax
Number |
033 386 7001 |
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Current Email
Address |
nibf@mweb.co.za |
|
Web Site Address |
Unavailable |
Auditors Information
|
Company
Registered Name |
LMD AFRICA CHARTERED ACCOUNTANTS INC |
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Postal Address |
P O Box 51062 MUSGRAVE ROAD 4062 |
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Practice number |
940453 |
Previous Auditors
|
Company Name/ Tel |
Time With Previous Auditors |
|
J B CHUNDRA |
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Tax Information
|
Vat Number |
4310105855 |
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Status |
Active |
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Vat Liable Date |
1991-09-30 |
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Tax Number |
9440065218 |
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Tax Clearance
Expire Date |
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Financial Year
End |
February |
Black Economic Empowerment
|
Status |
Level 2 |
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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 |
ISO 9002 |
|
ISO Certificate |
Yes |
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ISO Certificate
Available |
Yes/No |
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Certified by anAccredited
Agent |
Yes/No |
Workman’s compensation
|
Registered |
Yes/No |
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Compliance
Certified |
Yes/No |
Company Structure
|
Branches |
Unavailable |
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Branches Names |
Country |
Province |
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Subsidiary
Company |
Unavailable |
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Shareholding |
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Registration
Number |
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Import / Export |
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Number of
Employees |
Unavailable |
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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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Head
OfficeOwned/ 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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Trade References
|
Supplier |
Contact |
|
Unavailable |
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Trade References
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Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
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Unavailable |
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Adverse Information on Subject
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Judgements |
No information on record |
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Possible
Judgements |
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Civil Court |
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RDs |
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Judgements
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Case Number |
No information on record |
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Amount |
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Reason |
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Court Name |
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Judgement Type |
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Judgement Date |
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Plaintiff (Multiple) |
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Default Data
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Date |
Details |
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No information on record |
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Notarial Bonds
|
Date |
Details |
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No information on record |
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Deeds Information
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Property Interest |
|||
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Property Type: |
No information on record |
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
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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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Branch Code |
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Account Name |
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Overdraft Facilities |
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Date Opened |
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Bank Code |
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Bank Comment |
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Bank CodesHistory
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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 |
Unavailable |
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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
|
Number of
Principals |
2 |
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Average Age of
Active Principals |
33 |
Active Principals
Principal1 of 2
|
Surname |
RAJKUMAR |
|
First Names |
RISHAL |
|
ID Number |
8210065297050 |
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Verified ID
Number |
Yes |
|
Current Age |
29 |
|
Designation |
Member |
|
Status |
Active |
|
Appointment Date |
2007-09-21 |
|
Address (at time
of Appointment) |
34 Woodstock Road PIETERMARITZBURG 3201 |
Adverse Information on Principal
Judgement
|
Number of
Judgements |
No information on record |
Debt Review
|
Debt review |
No information on record |
Other
|
Default data |
No information on record |
Business Information on Principal
Current Business Interests
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
HAYWORTH ROAD PROPERTIES CC |
1991/004051/23 |
In business |
0 |
No |
|
LIGHTING IMAGE CC |
1992/006458/23 |
In business |
0 |
No |
|
CAST IRON INDUSTRIES CC |
1998/008011/23 |
In business |
0 |
No |
Previous Business Interests
|
Average Age of
Previous Business Interests |
None |
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
No information on record |
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Deeds Information
Property Interests of Principle
|
Property Interest |
|||
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Title Deed No. |
No information on record |
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 |
|
Bond Holder |
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|
Bond Number |
|
Bond Amount |
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Principal 2 of 2
|
Surname |
RAJKUMAR |
|
First Names |
SAMALL |
|
ID Number |
7302015102083 |
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Verified ID
Number |
Yes |
|
Current Age |
38 |
|
Designation |
Member |
|
Status |
Active |
|
Appointment Date |
2007-09-21 |
|
Address (at time
of Appointment) |
27 Woodstock Road Mountain Rise PIETERMARITZBURG 3201 |
Adverse Information on Principal
Judgement
|
Number of
Judgements |
No information on record |
Debt Review
|
Debt review |
No information on record |
Other
|
Default data |
No information on record |
Business Information on Principal
Current Business Interests
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
HAYWORTH ROAD PROPERTIES CC |
1991/004051/23 |
In business |
0 |
No |
|
LIGHTING IMAGE CC |
1992/006458/23 |
In business |
0 |
No |
|
CAST IRON INDUSTRIES CC |
1998/008011/23 |
In business |
0 |
No |
Previous Business Interests
|
Average Age of
Previous Business Interests |
None |
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
No information on record |
|
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|
|
Deeds Information
Property Interests of Principle
|
Property Interest |
|||
|
Title Deed No. |
No information on record |
Erf/Site No. |
|
|
Deeds Office |
|
Physical Address |
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Property Type |
|
Extent / Size |
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|
Purchase Date |
|
Purchase price |
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% Ownership |
|
Bond Holder |
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|
Bond Number |
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Bond Amount |
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.47.46 |
|
|
1 |
Rs.74.96 |
|
Euro |
1 |
Rs.65.79 |
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.