|
Report Date : |
03.04.2012 |
IDENTIFICATION DETAILS
|
Name : |
SCOT VALVE CC |
|
|
|
|
Registered Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
23.08.2004 |
|
|
|
|
Com. Reg. No.: |
2004/084167/23 |
|
|
|
|
Legal Form : |
Close Corporation |
|
|
|
|
Line of Business : |
Supply steam and water |
|
|
|
|
No. of Employees : |
4 |
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 $ 150 000.00 |
|
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 |
SCOT
VALVE CC |
|
Country |
SOUTH
AFRICA |
|
Requested Credit Limit |
US $
150 000.00 |
|
Enquiry Terms |
30
DAYS |
|
Account Review |
6
MONTHS |
|
Subject Contact person |
ASHLEY
LANDMAN-014 5966266 |
|
Assessment |
Total
Credit Limit Exposure:R 350 000 On
the investigation we have established this is large company. The
subject is meeting commitments timeously with suppliers. A bank
code revealed that the subject would be considered as equal to
R2 000 000 over 30 days. We
could not verify details with the Auditor because the phone is engaged. The
subject is considered as equal to its normal business engagements. |
|
Registered Name |
SCOT VALVE CC |
|
Trading as/ Division Name |
None |
|
Previous Name |
None |
|
Date of Name Change |
None |
|
Registration Number |
2004/084167/23 |
|
Registration Date |
2004-08-23 |
|
Date Commenced Trading |
2004-08-23 |
|
Age of Business |
7 Years 7 Months |
|
History of Business |
None |
|
History of Principals |
None |
|
Shareholders/Members/Partners of subject and % holding |
50% BRIAN DINNES 50% ANDREW DINNES |
|
Authorised Share Capital |
R 1000 |
|
Issued Share Capital/Members Contribution |
R 100 |
|
Status |
This Business is Active |
|
Operations Assessment |
Supply steam and water |
|
Industry/ Customers |
Industry |
|
Export |
China, Portugal |
|
Major Industry Code / SICC |
3543 |
|
Definition of Code |
Manufacture
of steam generators, except central heating hot water boilers |
|
Head Office Physical Address |
81 Van Belkum Street RUSTERNBURG 0300 |
|
Head Office Postal Address |
PO Box 1981 RUSTERNBURG 0300 |
|
Current Tel Number |
014 5967340 |
|
Cell number |
Unavailable |
|
Current Fax Number |
014 5966833 |
|
Current Email Address |
Unavailable |
|
Web Site Address |
Unavailable |
We tried contacting the Auditors but the phone is constantly
engaged.
|
Company Registered Name |
GW RUSHTON |
|
Trading Name |
Unavailable |
|
Registration Number |
Unavailable |
|
Physical Address |
Unavailable |
|
Postal Address |
Unavailable |
|
Contact Person |
GREGG |
|
Contact Number |
011 3274500 |
|
Email |
Unavailable |
|
Principals |
Unavailable |
|
Judgements Against Subject |
Unavailable |
|
Judgements Against Principals |
Unavailable |
|
Subject Verified as Client |
Unavailable |
|
SAICA number |
Unavailable |
|
VAT Number |
Unavailable |
|
Tax Number |
Unavailable |
|
BEE Status |
Unavailable |
|
Financial Year End |
Unavailable |
|
Years With Auditors |
Unavailable |
|
Website |
Unavailable |
|
Company Name |
Phone Number |
Time with previous auditors |
|
None |
|
|
|
Vat Number |
4710216229 |
|
Status |
Active |
|
Vat Liable Date |
2005-01-02 |
|
Tax Number |
0145966833 |
|
Tax Clearance Expire Date |
Unavailable |
|
Financial Year End |
February |
|
Status |
Obtain |
|
Score |
|
|
Expire Date |
|
|
BEE Certificate Available |
|
|
Type of ISO Grade |
None |
|
ISO Certificate |
|
|
ISO Certificate Available |
|
|
Certified by an Accredited Agent |
|
|
Registered |
Yes |
|
Compliance Certified |
Yes |
Subsidiaries
|
Subsidiary Company |
Rolyn Valves CC |
|
Shareholding |
|
|
Registration Number |
B1995/030170/23 |
|
Import / Export |
|
|
Number
of Employees |
4 |
|
1. Salaried employees |
4 |
|
2. Waged employees |
|
|
3. Permanent employees |
|
|
4. Casual employees |
|
|
5. Contracted employees |
|
Company Fleet |
No of vehicles: |
Owned/ Leased |
Value |
Outstanding Balance |
|
Fleet Operations |
1 |
|
|
|
|
The Fleet is made up of |
|
|||
|
1. Cars |
|
|
|
|
|
2. Light Delivery Vehicles |
|
|
|
|
|
3. Trailers |
1 |
|
|
|
|
4. Busses |
|
|
|
|
|
5. Trucks |
|
|
|
|
|
6. Fork Lifts |
|
|
|
|
|
7. Other |
|
|
|
|
|
Offices |
Offices |
Head Office Owned/ Rented |
|
|
Rental Company |
|
|
Owned by |
Owned |
|
Value |
|
|
Bond |
|
|
Bank |
|
|
Lease Agreement |
|
|
Lease Expire Date |
|
|
Type of Premises |
Offices |
|
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 |
DIRECTOR |
ANDREW DINNES |
|
1 |
DIRECTOR |
BRIAN DINNES |
Note: One level up and all levels down
|
Holding |
Company |
Sub |
|
50% |
ANDREW DINNES |
ROLYN VALVES CC |
|
50% |
BRIAN DINNES |
ROLYN VALVES CC |
|
Company |
Value |
Contact |
|
None |
|
|
|
|
|
|
|
Trade Reference nr |
Supplier |
Contact |
|
1 |
SCARGO |
087 7520164 |
|
2
|
MACSTEEL |
011 8215000 |
|
3 |
COMPONENTS UNLIMITED |
013 7525949 |
|
4 |
INCLEDON |
011 3230800 |
Trade References Detail
|
Nr |
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
|
1 |
2010 |
R
200 000 |
R
150 000 |
7
Days |
R
150 000 |
7
Days |
Excellent |
|
2 |
2010 |
Confidential |
Confidential |
30
Days |
Confidential |
30
Days |
Good |
|
3 |
7 Years |
R
150 000 |
R 23
675 |
2.5
Days |
R 23
675 |
2.5
Days |
Good |
|
4 |
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 |
ABSA |
|
Branch |
RUSTERNBURG |
|
Bank Account Number |
4060435764 |
|
Type of Account |
CURRENT |
|
Account Name |
SCOT VALVE CC |
|
Overdraft Facilities |
No |
|
Bank Code |
C for R 2 000 000 |
|
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
Interestsfor 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 |
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 |
2 |
|
Average Age of Active Principals |
53 |
Active Principals
Principal
1 of 2: BRIAN DINNES
|
Surname |
DINNES |
|
First Name |
BRIAN |
|
Other Names |
None |
|
Marital Status |
Married |
|
ID Number |
471005008006 |
|
Verified ID Number |
No |
|
Current Age |
65 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
Unknown |
|
Physical Address (at time of
Appointment) |
Waterkloof District RUSTERNBURG 0300 |
|
Postal Address |
PO Box 1981 RUSTERNBURG 0300 |
|
Current Tel Number |
014 5372396 |
|
Cell number |
082 8066586 |
|
Current Fax Number |
014 5966833 |
|
Current Email Address |
Unavailable |
|
Shareholding |
(if the principal owns shares) |
Adverse Information for:
BRIAN DINNES
Judgement
|
Number
of Judgements |
None |
Debt
Review
|
Debt
review |
None |
Other
|
Default
data |
None |
Business Information for:
BRIAN DINNES
Current
Business Interests
|
Company
Name |
Registration
No |
Status |
Age of Business |
Judgements |
Liquidation |
|
ROLY ENGINEERING |
4710015008006 |
Unknown |
Unknown |
0 |
No |
|
ROLYN VALVES CC |
B1995/030170/23 |
In
Business |
16
Years 8
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
Interestsfor: BRIAN DINNES
|
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 |
|
Principal
2 of 2: ANDREW DINNES
|
Surname |
DINNES |
|
First Name |
ANDREW |
|
Other Names |
None |
|
Marital Status |
Married |
|
ID Number |
7005075052003 |
|
Verified ID Number |
Yes |
|
Current Age |
42 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
Unknown |
|
Physical Address (at time of
Appointment) |
225 Mackenzie Street OLIFANTSNEK 0299 |
|
Postal Address |
PO Box 1981 RUSTERNBURG 2146 |
|
Current Tel Number |
014 5966266 |
|
Cell number |
Unavailable |
|
Current Fax Number |
Unavailable |
|
Current Email Address |
Unavailable |
|
Shareholding |
(if the principal owns shares) |
Adverse Information for: ANDREW DINNES
Judgement
|
Number
of Judgements |
None |
Debt Review
|
Debt
review |
None |
Other
|
Default
data |
None |
Business Information for: ANDREW DINNES
Current
Business Interests
|
Company
Name |
Registration
No |
Status |
Age of Business |
Judgements |
Liquidation |
|
ROLYN VALVES CC |
B1995/030170/23 |
In
Business |
16
Years 8
Months |
0 |
No |
|
SCOT VALVE |
7005075052086 |
In
Business |
Unknown |
0 |
No |
|
SOUTH AFRICAN MILITARY BADGES AND INSUGNIA CC |
2007/084239/23 |
In
Business |
4
Years 11
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
Interestsfor: ANDREW DINNES
|
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.