|
Report Date : |
03.04.2012 |
IDENTIFICATION DETAILS
|
Name : |
BARFORD JONES ORTHOMED |
|
|
|
|
Registered Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
09.12.1992 |
|
|
|
|
Com. Reg. No.: |
1992/007190/07 |
|
|
|
|
Legal Form : |
Private Limited |
|
|
|
|
Line of Business : |
Manufacturing orthotic, prosthetic and related components. |
|
|
|
|
No. of Employees : |
56 |
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 |
|
Maximum Credit Limit : |
US$ 150 000 |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No complaints |
|
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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
South Africa |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
|
Subject
Name |
BARFORD JONES ORTHOMED |
|
Country |
SOUTH AFRICA |
|
Requested
Credit Limit |
US$ 150 000 |
|
Enquiry
Terms |
D/A |
|
Account
Review |
EVERY 6 MONTHS |
|
Subject
Contact person |
JACKIE BOTHA-011 6184070 |
|
Assessment |
Total Credit Limit Exposure: R 200 000 The subject is meeting commitments with suppliers within terms. A bank code revealed that the subject would be considered as
equal to R1 500 000 over 30 days. Financial details were declined. |
|
Registered Name |
BARFORD JONES ORTHOMED (PTY)LTD |
|
Trading as/ Division Name |
ORTHOMED |
|
Previous Name |
None |
|
Date of Name Change |
None |
|
Registration Number |
1992/007190/07 |
|
Registration Date |
1992/12/09 |
|
Date Commenced Trading |
1992/12/09 |
|
Age of Business |
19 Years 3 Months |
|
History of Business |
The subject has been importing orthotic, prosthetic
components and related products since 1895. |
|
History of Principals |
None available |
|
Shareholders and %
holding |
85% EDWARD COLEMAN 5% EVAN HUNT 5% THYS LOTTER 5% PAUL CRAGG |
|
Authorised Share Capital |
R 1000 |
|
Issued Share Capital |
R 100 |
|
Status |
In Business |
|
Operations Assessment |
Manufacturing
orthotic, prosthetic and related components. |
|
Industry/ Customers |
Wholesales and export |
|
Export |
Botswana, Zimbabwe |
|
Major Industry Code / SICC |
3741 |
|
Definition of Code |
Manufacture of medical and surgical equipment and
orthopaedic appliances |
|
Head Office Physical Address |
13 B Viljoen Street Lorentz Ville TROYVILLE 2139 |
|
Head Office Postal Address |
PO Box 53712 BENMORE 2010 |
|
Current Tel Number |
011 6184070 |
|
Cell number |
None |
|
Current Fax Number |
011 6184543 |
|
Current Email Address |
orthomed@iafrica.com |
|
Web Site Address |
www.orthomed.co.za |
|
Company Registered Name |
HORWATH LEVETON BONER |
|
Trading Name |
None |
|
Registration Number |
M2006/022646/07 |
|
Physical Address |
3 Sandown Valley Crescent SANDTON 2010 |
|
Postal Address |
PO Box 652550 BENMORE 2010 |
|
Contact Person |
ABRAHAM |
|
Contact Number |
011 217800/ 011 2178015 |
|
Email |
Unavailable |
|
Principals |
14 |
|
Judgements Against Subject |
None |
|
Judgements Against Principals |
None |
|
Subject Verified as Client |
Yes |
|
SAICA number |
Unavailable |
|
VAT Number |
4040236889 |
|
Tax Number |
9663003151 |
|
BEE Status |
None |
|
Financial Year End |
February |
|
Years With Auditors |
10 years |
|
Website |
None |
|
Company Name |
Phone Number |
Time with previous auditors |
|
LEVETON
BONER HORWATH |
|
15 |
|
Vat Number |
4620135808 |
|
Status |
Active |
|
Vat Liable Date |
1993-03-01 |
|
Tax Number |
9060135846 |
|
Tax Clearance Expire Date |
Unavailable |
|
Financial Year End |
June |
|
Status |
Non Complaint |
|
Score |
|
|
Expire Date |
|
|
BEE Certificate Available |
|
|
Type of ISO Grade |
No |
|
ISO Certificate |
|
|
ISO Certificate Available |
|
|
Certified by an Accredited Agent |
|
|
Registered |
Yes |
|
Compliance Certified |
Yes |
Subsidiaries
|
Subsidiary Company |
No |
|
Shareholding |
|
|
Registration Number |
|
|
Import / Export |
|
|
Number
of Employees |
56 |
|
1. Salaried employees |
20 |
|
2. Waged employees |
36 |
|
3. Permanent employees |
|
|
4. Casual employees |
|
|
5. Contracted employees |
|
|
Company Fleet |
No of vehicles: |
Owned/ Leased |
Value |
Outstanding Balance |
|
Fleet Operations |
3 |
|
|
|
|
The Fleet is made up of |
|
|||
|
1. Cars |
|
|
|
|
|
2. Light Delivery Vehicles |
3 |
|
|
0 |
|
3. Trailers |
|
|
|
|
|
4. Busses |
|
|
|
|
|
5. Trucks |
|
|
|
|
|
6. Fork Lifts |
|
|
|
|
|
7. Other |
|
|
|
|
|
Offices |
Office / Factory |
|
Head Office Owned/ Rented |
Leased |
|
Rental Company |
EZT INVESTMENT TRUST |
|
Owned by |
|
|
Value |
|
|
Bond |
|
|
Bank |
|
|
Lease Agreement |
5 Years |
|
Lease Expire Date |
|
|
Type of Premises |
Office / Factory |
|
Branches Names |
Country |
Province |
|
None |
|
|
|
Branches Owned/ Rented |
None |
|
Rental Company |
|
|
Owned |
|
|
Value |
|
|
Bank |
|
|
Bond |
|
|
Lease Agreement |
|
|
Lease Expire Date |
|
|
Type of Premises |
|
|
Level |
Position |
Name |
|
1 |
CEO |
EDWARD COLEMAN |
|
2 |
DIRECTOR |
THYS LOTTER |
|
2 |
DIRECTOR |
PAUL CREGG |
|
2 |
DIRECTOR |
EVAN HUNT |
Note: One
level up and all levels down
|
Holding |
Company |
Sub |
|
85% EDWARD COLEMAN 5% EVAN HUNT 5% THYS LOTTER 5% PAUL CRAGG
|
BARFORD
JONES ORTHOMED (PTY)LTD |
None |
|
Company |
Value |
Contact |
|
UTI |
Confidential |
Confidential |
|
|
|
|
|
Trade Reference nr |
Supplier |
Contact |
|
1 |
UTI (JHB) |
011 9234000 |
|
2
|
EVA INDUSTRY |
031
4685231 |
|
3 |
MENDELSON AND FROST |
011
4442250 |
Trade References Detail
|
Nr |
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
|
1 |
Do |
Not |
Give |
Trade |
Reference |
|
|
|
2 |
15 Years |
R
200 000 |
R 90
000 |
60
Days |
R 90
000 |
60
Days |
Excellent |
|
3 |
Do |
Not |
Give |
Trade |
Reference |
|
|
Judgements
|
Judgements |
None |
|
Possible
Judgements |
None |
|
Civil
Court |
None |
|
RDs |
None |
Business Rescue
|
Date registered |
Business rescue practitioner |
Contact Information |
Details |
|
None |
|
|
|
Default Listings
|
Date |
Details |
|
None |
|
Notarial Bonds
|
Date |
Details |
|
None |
|
|
Bank |
STANDARD BANK |
|
Branch |
ELLISPARK |
|
Bank Account Number |
002247984 |
|
Type of Account |
CURRENT |
|
Account Name |
BARFORD JONES ORTHOMED (PTY) LTD |
|
Overdraft Facilities |
Yes |
|
Bank Code |
C for R1 500 000 |
|
Bank Comment |
The subjects bankers consider them as equal to their
normal business engagements. |
Bank Codes History
|
Date requested |
Bank Code |
Enquiry Amount |
Number of RD’s |
RD amount |
RD Date |
Bank Comments |
Years with bank |
|
None |
|
|
|
|
|
|
|
Previous Bank Accounts
|
Banker |
Branch Code |
Account Holder |
Account number |
Date opened |
Years with bank |
|
None |
|
|
|
|
|
Property
Interests for Company
|
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 |
|
Financial Estimates
|
CURRENT ASSETS |
Deemed confidential |
|
Stock |
|
|
Debtors |
|
|
FIXED ASSETS |
|
|
Plant, Equipment, Vehicles |
|
|
Property |
|
|
CURRENT LIABILITIES |
|
|
Creditors |
|
|
Loans/ From? |
|
|
LONG TERM LIABILITIES |
|
|
Morgage Bonds |
|
|
Previous Year Turnover |
|
|
Estimated Current Year Turnover |
|
|
Current Turnover per month |
|
|
Current Turnover per annum |
|
Please note the following:
|
Turnover and assets less than R
1,000,000.00 |
The subject falls within the National Credit Act |
|
Turnover and assets less than R
2,000,000.00 |
The subject falls within the Consumer Protection Act |
Principals
|
Number of Principals |
4 |
|
Average Age of Active Principals |
52 |
Active Principals
Principal
1 of 4: PAUL CRAGG
|
Surname |
CRAGG |
|
First Name |
PAUL |
|
Other Names |
None |
|
Marital Status |
None |
|
ID Number |
6407245078085 |
|
Verified ID Number |
Yes |
|
Current Age |
48 |
|
Designation |
MEDICAL ORTHOTIST,PROSTHETIST |
|
Status |
Active |
|
Appointment Date |
2007/10/01 |
|
Physical Address (at time of
Appointment) |
499 Jasmyn laan SILVERTON 0184 |
|
Postal Address |
PO Box 53712 TROYVILLE 2139 |
|
Current Tel Number |
011 6184070 |
|
Cell number |
None |
|
Current Fax Number |
011 6184543 |
|
Current Email Address |
orthomed@iafrica.com |
|
Shareholding |
www.orthomed.co.za |
Adverse Information for: PAUL
CRAGG
Judgement
|
Number
of /Judgements |
None |
Debt
Review
|
Debt
review |
None |
Other
|
Default
data |
None |
Business Information for: PAUL
CRAGG
Current
Business Interests
|
Company
Name |
Registration
No |
Status |
Age of Business |
Judgements |
Liquidation |
|
BARFORD JONES ORTHOMED (PYT)LTD |
1992/007190/07 |
In
Business |
19
Years 3 Months |
0 |
No |
Previous
Business Interests
|
Average
Age of Previous Business Interests |
17 Years |
|
Company
Name |
Registration
No |
Status |
Age of Business |
Judgements |
Liquidation |
|
TETRA INDUSTRIES CC |
1995/003502/23 |
Deregistration
final |
17
Years 1 Months |
0 |
No |
Deeds Information
Property
Interests for: PAUL CRAGG
|
Title
Deed No. |
T18470/2001 |
Erf/Site No. |
|
|
Deeds
Office |
PRETORIA |
Physical Address |
449
Jasmyn SILVERTON PRETORIA |
|
Property
Type |
Freehold/Ervin |
Extent / Size |
2024.0QSM |
|
Purchase
Date |
2000/10/27 |
Purchase price |
70000 |
|
%
Ownership |
0.0000 |
Bond Holder |
STANDARD
BANK |
|
Bond
Number |
B139992001 |
Bond Amount |
70000 |
|
Title
Deed No. |
T12109/2006 |
Erf/Site No. |
|
|
Deeds
Office |
PIETERMARITZBURG |
Physical Address |
Douglas
Glenmore Beach Port Edward |
|
Property
Type |
Freehold/Ervin |
Extent / Size |
1358.0QSM |
|
Purchase
Date |
2006/01/04 |
Purchase price |
250000 |
|
%
Ownership |
0.0000 |
Bond Holder |
|
|
Bond
Number |
|
Bond Amount |
0 |
|
Title
Deed No. |
T37022/2011 |
Erf/Site No. |
|
|
Deeds
Office |
PIETERMARITZBURG |
Physical Address |
Spray
Leisure Crest Port Edward |
|
Property
Type |
Freehold/Ervin |
Extent / Size |
1123.0QSM |
|
Purchase
Date |
2011/01/10 |
Purchase price |
120000 |
|
%
Ownership |
0.0000 |
Bond Holder |
SHAW
JOHN |
|
Bond
Number |
B287092002 |
Bond Amount |
280000 |
Principal
2 of 4: THYS LOTTER
|
Surname |
LOTTER |
|
First Name |
THYS |
|
Other Names |
None |
|
Marital Status |
None |
|
ID Number |
5508285114085 |
|
Verified ID Number |
Yes |
|
Current Age |
57 |
|
Designation |
MEDICAL ORTHOTIST PROSTHETIST |
|
Status |
Active |
|
Appointment Date |
2007/10/01 |
|
Physical Address (at time of
Appointment) |
1295 Cunningham Road Waverley 2090 |
|
Postal Address |
1295 Cunningham Road Waverley 2090 |
|
Current Tel Number |
011 6184070 |
|
Cell number |
None |
|
Current Fax Number |
011 6184543 |
|
Current Email Address |
orthomed@iafrica.com |
|
Shareholding |
www.orthomed.co.za |
Adverse Information for: THYS
LOTTER
Judgement
|
Number
of Judgements |
None |
Debt
Review
|
Debt
review |
None |
Other
|
Default
data |
None |
Business Information for: THYS
LOTTER
Current
Business Interests
|
Company
Name |
Registration
No |
Status |
Age of Business |
Judgements |
Liquidation |
|
BARFORD JONES ORTHOMED (PTY)LTD |
1992/007190/07 |
In
Business |
19
Years 3 Months |
0 |
No |
Previous
Business Interests
|
Average
Age of Previous Business Interests |
None |
|
Company
Name |
Registration
No |
Status |
Age of Business |
Judgements |
Liquidation |
|
None |
|
|
|
|
|
Deeds Information
Property
Interests for : THYS LOTTER
|
Title
Deed No. |
T146343/2005 |
Erf/Site No. |
|
|
Deeds
Office |
PRETORIA |
Physical Address |
1295
Cunningham Waverley PRETORIA |
|
Property
Type |
Freehold/Ervin |
Extent / Size |
1178.0SQM |
|
Purchase
Date |
2005/08/31 |
Purchase price |
1190000 |
|
%
Ownership |
0 |
Bond Holder |
ABSA
BANK LTD |
|
Bond
Number |
B1672732005 |
Bond Amount |
809000 |
Principal
3 of 4: EVAN HUNT
|
Surname |
HUNT |
|
First Name |
EVAN |
|
Other Names |
None |
|
Marital Status |
None |
|
ID Number |
7611205121087 |
|
Verified ID Number |
Yes |
|
Current Age |
36 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2007/10/01 |
|
Physical Address (at time of
Appointment) |
10 Braemor 8 Buckingham Road CRAIGHALL 2196 |
|
Postal Address |
PO Box 53712 TROYEVILLE 2139 |
|
Current Email Address |
orthomed@iafrica.com |
|
Shareholding |
(if the principal owns shares) |
Adverse Information for : EVAN HUNT
Judgement
|
Number
of Judgements |
None |
Debt
Review
|
Debt
review |
None |
Other
|
Default
data |
None |
Business Information for: EVAN HUNT
Current
Business Interests
|
Company
Name |
Registration
No |
Status |
Age of Business |
Judgements |
Liquidation |
|
BARFORD JONES ORTHOMED |
1992/007190/07 |
In
Business |
19
Years 3 Months |
0 |
No |
Previous
Business Interests
|
Average
Age of Previous Business Interests |
None |
|
Company
Name |
Registration
No |
Status |
Age of Business |
Judgements |
Liquidation |
|
None |
|
|
|
|
|
Deeds Information
Property
Interests for : EVAN HUNT
|
Title
Deed No. |
T89509/2011 |
Erf/Site No. |
|
|
Deeds
Office |
PRETORIA |
Physical Address |
DOUGLASDALE
SANDTON |
|
Property
Type |
Freehold/Ervin |
Extent / Size |
713.0QSM |
|
Purchase
Date |
2011/06/26 |
Purchase price |
1850000 |
|
%
Ownership |
0.0000 |
Bond Holder |
NEDBANK
LTD |
|
Bond
Number |
B577132011 |
Bond Amount |
1005700 |
Principal
4 of 4 : EDWARD COLEMAN
|
Surname |
COLEMAN |
|
First Name |
EDWARD |
|
Other Names |
None |
|
Marital Status |
None |
|
ID Number |
4212155065003 |
|
Verified ID Number |
Yes |
|
Current Age |
70 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
1993/02/17 |
|
Physical Address (at time of
Appointment) |
649 Cardenia Road Morningside Ext40 SANDTON 2196 |
|
Postal Address |
PO Box 9041 JOHANNESBURG 2000 |
|
Current Tel Number |
0118834373 / 0113373763 |
|
Cell number |
0828927302 |
|
Current Fax Number |
011 6184543 |
|
Current Email Address |
orthomed@iafrica.com |
|
Shareholding |
|
Adverse Information for: EDWARD COLEMAN
Judgement
|
Number
of Judgements |
None |
Debt
Review
|
Debt
review |
None |
Other
|
Default
data |
None |
Business Information for : EDWARD COLEMAN
Current
Business Interests
|
Company
Name |
Registration
No |
Status |
Age of Business |
Judgements |
Liquidation |
|
BARFORD JONES SALES CC |
1988/016758/23 |
Deregistration
final |
23
Years 9 Months |
0 |
No |
|
BARFORD JONES ORTHOMED (PTY)LTD |
1992/007190/07 |
In
Business |
19
Years 3 Months |
0 |
No |
|
ETZ INVESTMENTS CC |
1992/007190/07 |
In
Business |
19
Years 5 Months |
0 |
No |
|
BRENWARD CC |
1999/016378/23 |
Deregistration
process |
13
Years |
0 |
No |
Previous
Business Interests
|
Average
Age of Previous Business Interests |
31 Years |
|
Company
Name |
Registration
No |
Status |
Age of Business |
Judgements |
Liquidation |
|
BARFORD JONES SURGICAL SUPPLY COMPANY (PYT)LTD |
1958/004250/07 |
Deregistration
Final |
53
Years 3 Months |
0 |
No |
|
LUSITANIA CONSTRUCTION (PTY)LTD |
1964/004496/07 |
dissolved |
47
Years 9 Months |
0 |
No |
|
BARFORD JONES INVESTMENT HOLDINGS CC |
1987/010088/23 |
Deregistration
Final |
24
Years 11 months |
0 |
No |
|
D L GIBSON ORTHOTIC AND PROSHETIC CENTRE CC |
1993/016011/23 |
Deregistration
Final |
18
Years 8 months |
0 |
No |
|
WARDVIL MEDICAL CC |
1997/039234/23 |
In
business |
14
Years 8 Months |
0 |
No |
Deeds Information
Property
Interests for: EDWARD COLEMAN
|
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 |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.15 |
|
|
1 |
Rs.81.79 |
|
Euro |
1 |
Rs.68.34 |
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.