MIRA INFORM REPORT
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Report Date : |
29.09.2011 |
IDENTIFICATION DETAILS
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Correct Name : |
JANGER CC |
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Registered Office : |
15 Trema Road, Prestondale, Umhlanga, Kwazulu Natal |
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Country : |
South Africa |
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Date of Incorporation : |
13.07.1992 |
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Com. Reg. No.: |
1992/018773/23 |
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Legal Form : |
Closed Corporation |
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Line of Business : |
Importers and distributors of dyes, dyestuffs and commodities |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
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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 |
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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 family business.
The subject is meeting its commitments timeously.
There are no adverse comments on record for the subject or principals.
The bankers consider them good for all business normal engagements up to
an amount of R100 000.
Your figure is regarded as too high.
It is suggested that dealings be secured when dealing with the subject.
Company Information
|
Registered
Name |
JANGER CC |
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Trading
as/ Division Name |
STALLION DYESTUFFS SA |
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Registration
Number |
1992/018773/23 |
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Registration
Date |
1992-07-13 |
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History
of Business |
The subject was commenced as a new business. |
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Membersof
subject and % holding |
80% MRS. S J MACPHERSON 20% M B MACPHERSON –son |
|
Members
Contribution |
R100 |
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Age of Company |
19 years 2 months |
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Status |
Active |
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Operations
Assessment |
Importers and distributors of dyes,
dyestuffs and commodities |
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Industry/
Customers |
Textile manufacturing industry |
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Area of
Distribution |
South Africa |
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Export |
Occasionally Zimbabwe and on a once off
basis to Turkey. |
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Major Industry
Code / SICC |
61909 WHOLESALE
RETAIL |
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Definition of
Code |
Other wholesale trade n.e.c. |
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Head Office
Physical Address |
15 Trema Road PRESTONDALE Umhlanga KwaZulu Natal |
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Previous
Physical Address |
The subject is no longer situated at the premises: Unit 53, Enforce Park 43 Sea Cow Lake Road BRAIRDENE KwaZulu Natal. |
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Head Office
Postal Address |
P O Box 3077 PRESTONDALE 4320 |
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Current Tel
Number Cell number |
031 563 8569 / 0843 083 703 2951 |
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Current Fax
Number |
031 564 2424 |
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Current Email
Address |
Auditors Information
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Company
Registered Name |
ROSE WYNN ACCOUNTING CC |
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Registration
Number |
1987/012731/23 |
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Physical Address |
12 Chateau D’Vieux 28 FountainRoad BEVERLEY 2192 |
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Postal Address |
P O Box 2230 WITKOPPEN 2068 |
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Contact Person |
Rose Wynn |
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Contact Number |
011 467 4359 |
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Email |
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Principals |
1 |
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Judgements
Against Subject |
None on record |
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Judgements
Against Principals |
None on record |
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Subject Verified
as Client |
Yes |
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Practice number |
262139 |
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Tax Number |
9125202201 |
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BEE Status |
Non-compliant |
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Financial Year
End |
February |
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Years With
Auditors |
19 years 2 months |
Previous Auditors
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Company Name/ Tel |
Time With Previous Auditors |
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None |
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Tax Information
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Vat Number |
4220132932 |
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Status |
Active |
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Vat Liable Date |
1992-07-01 |
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Tax Number |
9143253202 |
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Financial Year
End |
February |
Black Economic
Empowerment
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Status |
Non-compliant |
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Score |
Not applicable |
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Expire Date |
Not applicable |
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BEE Certificate
Available |
Not applicable |
ISO Status
|
Type of ISO
Grade |
None |
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ISO Certificate |
Not applicable |
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ISO Certificate
Available |
Not applicable |
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Certified by
anAccredited Agent |
Not applicable |
Workman’s
compensation
|
Registered |
No |
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Compliance
Certified |
Not applicable |
Company Structure
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Branches |
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 |
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1.
Permanent
employees |
1 admin and 1
sales representative |
Company Fleet |
No of vehicles: |
Owned/ Leased |
Book Value |
Outstanding
Balance |
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Fleet Operations |
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The Fleet is
made up of |
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1.
Cars |
2 |
owned |
R170 000 |
Nil |
Head OfficeOwned |
The heading premises are owned in the personal capacity of MRS. R M
MACPHERSON. |
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Municipal Value |
R2 200 000 |
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Bond |
Outstanding amount of R300 000 |
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Bank |
First National Bank |
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Type of Premises |
It was stated that the offices are at the residential premises of the
members. |
Trade References
The subject imports
from India
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Supplier |
Contact |
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1)
CLEAR
FREIGHT |
031 263
2970 |
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2)
C J
PETROW |
031 902
3939 |
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3)
CIM |
031 700
8617 |
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4)
PROCHEM |
084 7703333 |
Trade References
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Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
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2) 3 years |
Open |
R5 000+- |
30 |
R5 000+- |
30 |
Good |
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3) 5 years |
R15 000 |
R2 500 |
30 |
R500 |
30 |
Good |
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4) 2 years |
Open |
R100 000 |
30 |
R50 000 |
30 |
Good |
Adverse
Information on Subject
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Judgements |
No information on record |
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Possible
Judgements |
None |
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Civil Court |
None |
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RDs |
None |
Default Data
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Date |
Details |
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No information on record |
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Notarial Bonds
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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 |
NEDBANK |
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Branch |
Durban North |
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Bank Account
Number |
1352013606 |
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Type of Account |
Cheque |
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Branch Code |
135226 |
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Account Name |
JANGER CC t/a Stallion Dyestuffs SA |
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Overdraft Facilities |
It was stated that the subject enjoys an overdraft facility to an
extent of R200 000, partially secured by the personal guarantee of the
members. The respondent stated that
the overdraft facility is purely utilized for letter of credit facilities,
when importing. |
|
Bank Code |
C |
|
Bank Comment |
The subject’s bankers consider them good for all business normal
engagements |
Bank CodesHistory
|
Date requested |
Bank Code |
Enquiry Amount |
Number of RD’s |
RD amount |
RD Date |
Bank Comments |
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None on record |
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Previous Bank
Accounts
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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 |
R200 000 |
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Debtors |
R150 000 |
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Cash on Hand |
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FIXED ASSETS |
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Plant,
Equipment, Vehicles |
R170 000 |
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Property |
Nil |
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CURRENT
LIABILITIES |
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Creditors |
R300 000 (local) R100 000 (foreign – sporadic every 3 months) |
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LONG TERM
LIABILITIES |
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Morgage Bonds |
Nil |
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ANNUAL Turnover |
R1 800 000 |
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Previous Year
Turnover |
R2 000 000 |
Principals
|
Number of
Principals |
2 |
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Average Age of
Active Principals |
59 |
Active Principals
Principal 1 of 2
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Surname |
MACPHERSON |
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First Names |
SHIRLEY, J |
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Marital Status |
Widow |
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ID Number |
3403180065107 |
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Verified ID
Number |
Yes |
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Current Age |
77 years |
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Designation |
80% member |
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Status |
Active |
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Appointment Date |
1992-07-13 |
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Address (at time of
Appointment) |
8 Kerryvale Zunis Close MOUNT EDGECOMBE 4300 |
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
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Company Name |
Registration No |
Status |
Judgements |
Liquidation |
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No additional business interests |
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Previous Business
Interests
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Average Age of
Previous Business Interests |
None |
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Company Name |
Registration No |
Status |
Judgements |
Liquidation |
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None on record |
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Deeds Information
Property Interests of
Principle
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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 |
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Bond Holder |
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Bond Number |
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Bond Amount |
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Principal 2 of 2
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Surname |
MACPHERSON |
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First Names |
MARK BRUCE |
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Marital Status |
Married ante nuptial contact |
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Date of Birth |
1970-02-02 |
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Verified ID
Number |
No |
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Current Age |
41 |
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Designation |
20% member |
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Status |
Active |
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Appointment Date |
None on record |
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Address (at time
of Appointment) |
26 Forest Drive LA LUCIA 4051 |
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
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Company Name |
Registration No |
Status |
Judgements |
Liquidation |
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No additional business interests |
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Previous Business
Interests
|
Average Age of
Previous Business Interests |
None |
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Company Name |
Registration No |
Status |
Judgements |
Liquidation |
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No additional business interests |
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Deeds Information
Property Interests
of Principle
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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 |
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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.48.91 |
|
UK Pound |
1 |
Rs.76.53 |
|
Euro |
1 |
Rs.66.43 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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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 |
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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.