MIRA
INFORM REPORT
|
Report Date : |
29.09.2011 |
IDENTIFICATION DETAILS
|
Name : |
HANNITAN LEATHER CC |
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Registered Office : |
51 Bell Road New Era Springs 1559 |
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Country : |
South Africa |
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Date of Incorporation : |
26.07.1996 |
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Com. Reg. No.: |
1996/036174/23 |
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Legal Form : |
Close Corporation |
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Line of Business : |
Wholesalers of leather. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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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 |
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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 meeting its
commitments with suppliers timeously.
We have traced dealings up to a maximum of
R3 000 000.
A bank code revealed a C for
R5 000 000 over 30 days.
It is suggested dealings be spread, and larger
credit dealings secured.
Company Information
|
Registered
Name |
HANNITAN LEATHER CC |
|
Trading
as/ Division Name |
None |
|
Previous Name |
None |
|
Date of Name
Change |
N/A |
|
Registration
Number |
1996/036174/23 |
|
Registration
Date |
1996-07-26 |
|
Date Commenced
Trading |
Originally in 1724, and has always been in the HANNI family. The CC
commenced in 1996. |
|
Members of
subject and % holding |
100% R C HANNI |
|
Members
Contribution |
R100 |
|
Age of Company |
15 years 2 months |
|
Status |
In Business |
|
Operations
Assessment |
Wholesalers of leather. |
|
Industry/
Customers |
Furniture manufacturers. |
|
Export |
On occasion into Africa |
|
Major Industry
Code / SIC |
31629 Manufacturing |
|
Definition of
Code |
Manufacture of other general goods of
leather and substitutes and saddlery. |
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Head Office
Physical Address |
51 Bell Road New Era SPRINGS 1559 |
|
Head Office
Postal Address |
P O Box 3820 Springs 1560 |
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Current Tel
Number |
011 8172150 |
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Current Fax
Number |
011 8175259 |
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Current Email
Address |
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|
Web Site Address |
Auditors Information
|
Company
Registered Name |
E K THOMA (Registered chartered accountant0 |
|
Physical Address |
19 Primula Street Visagie Park NIGEL Gauteng |
|
Postal Address |
P O Box 1500 NIGEL 1490 |
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Contact Person |
MR THOMA |
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Contact Number |
083 2398068 |
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Email |
|
|
Principals |
MR E K THOMA |
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Subject Verified
as Client |
Yes |
|
CIS number |
3002160 |
|
Financial Year
End |
February |
|
Years With
Auditors |
15 years |
|
Website |
None |
Previous Auditors
|
Company Name/ Tel |
Time With Previous Auditors |
|
None |
|
Tax Information
|
Vat Number |
4000116600 |
|
Status |
Active |
|
Vat Liable Date |
Monthly |
|
Tax Number |
9088001855 |
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Tax Clearance
Expire Date |
February |
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Financial Year
End |
February |
Black Economic Empowerment
|
Status |
None- busy getting rated at present |
|
Score |
|
|
Expire Date |
|
|
BEE Certificate
Available |
Yes/No |
ISO Status
|
Type of ISO
Grade |
None |
|
ISO Certificate |
Yes |
|
ISO Certificate
Available |
Yes/No |
|
Certified by
anAccredited Agent |
Yes/No |
Workman’s compensation
|
Registered |
Yes |
|
Compliance
Certified |
Yes |
Company Structure
|
Branches |
None |
|
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 |
90 |
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1.
Salaried
employees |
20 |
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2.
Waged
employees |
70 |
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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 |
|
Fleet Operations |
|
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The Fleet is
made up of |
Only a few |
Not available |
Not Available |
Not available |
Head
OfficeOwned/ Rented |
Owned |
|
Rental Company |
|
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Owned by |
DOGMAN CC (associate company) |
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Value |
R10 000 000 |
|
Bond |
|
|
Bank |
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|
Lease Agreement |
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Lease Expire
Date |
|
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Type of Premises |
Office and factory |
Trade References
|
Supplier |
Contact |
|
1)
MENDELSON AND FROST |
011 4442250 |
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2)
CALRIANT |
072 5049369 |
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3)
LOCHHEAD WHITE AND WOMERSLY |
011 9234200 |
Trade References
|
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
|
1)10 years |
R1 500 000 |
Declined |
30 days |
Declined |
30 days |
Very Good |
|
2) Old |
None |
R1 000 000 |
30 days |
R1 000 000 |
30 days |
Very Good |
|
3) 12 years |
Unknown |
R3 000 000 |
30 days |
R3 000 000 |
30 days |
Very Good |
Adverse Information on Subject
|
Judgements |
None |
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Possible
Judgements |
None |
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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 |
|||
|
Title Deed No. |
None 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 |
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Bond Holder |
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|
Bond Number |
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Bond Amount |
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Bank Information
|
Bank |
STANDARD BANK |
|
Branch |
NIGEL |
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Bank Account
Number |
021972834 |
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Type of Account |
Current |
|
Branch tel: |
7308328 |
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Account Name |
HANNITAN LEATHER CC |
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Overdraft
Facilities |
Yes R8 000 000, secured by debtors |
|
Bank Code |
C |
|
Bank Comment |
The subjects bankers consider them as equal to their normal business
engagements and to R5 000 000 over 30 days. |
Bank CodesHistory
|
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 |
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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 |
R150 000 000, The busy months are between September and
November. |
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Previous Year
Turnover |
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Estimated
Current Year Turnover |
|
Principals
|
Number of
Principals |
1 |
|
Average Age of Active
Principals |
42 |
Active Principals
Principal 1 of 1
|
Surname |
HANNI |
|
First Names |
RODOLF CHRISTIAN |
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Marital Status |
Married |
|
ID Number |
6906145256089 |
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Verified ID
Number |
Yes |
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Current Age |
42 |
|
Designation |
Member |
|
Status |
Active |
|
Appointment Date |
1996-07-26 |
|
Address (at time
of Appointment) |
3 Tinktinkie Street President Dam SPRINGS 1559 |
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 |
|
CHARTAPROPS 4
(PTY) LTD |
1996/004844/07 |
In Business |
0 |
No |
|
MANDULIA BELEGGINGS
(PTY) LTD |
1997/004388/07 |
In Business |
0 |
No |
|
IMPULUPUDI GAME
LODGE (PTY) LTD |
1997/009802/07 |
In Business |
0 |
No |
|
DOGMAN CC |
1998/019761/23 |
Conversion |
0 |
No |
|
KARONGWE GAME
(PTY) LTD |
1999/004234/07 |
In Business |
0 |
No |
|
EDENI LODGES
(PTY) LTD |
2001/003523/07 |
In Business |
0 |
No |
Previous Business Interests
|
Average Age of
Previous Business Interests |
16 years |
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
SIQALAKABUSHA MEATS
CC |
1995/044815/23 |
Deregistration
Final |
0 |
No |
|
KARONGWE
ECOLOGICAL RESEARCH INSTITUTE |
2001/014616/08 |
In Business |
0 |
No |
|
HIDE ABOUT
TRADING CC |
2004/049991/23 |
In Business |
0 |
No |
Deeds Information
Property Interests of Principle
|
Property Interest |
|||
|
Title Deed No. |
T33934/2000 |
Erf/Site No. |
|
|
Deeds Office |
JOHANNESBURG |
Physical Address |
3 TINKTINKIE PRESIDENTS DAM SPRINGS |
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Property Type |
Freehold/ Ervin |
Extent / Size |
1583.0SQM |
|
Purchase Date |
1999-11-26 |
Purchase price |
R500 000 |
|
% Ownership |
0.0000 |
Bond Holder |
STANDARD BANK OF SOUTH AFRICA |
|
Bond Number |
B192072000 |
Bond Amount |
R340 000 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.48.91 |
|
|
1 |
Rs.76.53 |
|
Euro |
1 |
Rs.66.43 |
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.