MIRA INFORM REPORT
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Report Date : |
05.04.2012 |
IDENTIFICATION DETAILS
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Name : |
R W W ENGINEERING (PTY)LTD |
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Registered Office : |
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Country : |
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Date of Incorporation : |
22.10.1986 |
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Com. Reg. No.: |
1986/004209/07 |
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Legal Form : |
Private Company |
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Line of Business : |
Mining and Electrical companies |
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No. of Employees
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92 |
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RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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Status : |
Moderate |
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Payment
Behaviour : |
Unknown |
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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 – September 30th, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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 |
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Subject Name |
R W W ENGINEERING (PTY)LTD |
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Country |
SOUTH AFRICA |
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Requested Credit Limit |
US $ 1,50,00,000.00 |
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Enquiry Terms |
D/A |
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Account Review |
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Subject Contact person |
AFTAAB SAIB |
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Assessment |
On investigation we made contact with the subject and were referred to the accountant MR AFTAAB SAIB who requested a questionnaire. The below information was provides excluding banking information, financials and trade references which were declined by the subject as they regard it as confidential. Please see available information below. |
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Registered Name |
R W W ENGINEERING (PTY)LTD |
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Trading as/ Division Name |
R W W ENGINEERING |
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Previous Name |
None |
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Date of Name Change |
None |
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Registration Number |
1986/004209/07 |
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Registration Date |
1986/10/22 |
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Date Commenced Trading |
1986/10/22 |
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Age of Business |
25 Years 5 Months |
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History of Business |
Started as new business |
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History of Principals |
Declined |
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Shareholders and % holding |
Declined |
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Authorised Share Capital |
Declined |
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Issued Share Capital |
Declined |
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Status |
In Business |
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Operations Assessment |
RWW ENGINEERINGS manufacturing facility is
used to manufacture a range of products, which are supplied to the customers directly
or utilised in there own turnkey projects, these include:
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Industry/ Customers |
Mining and Electrical companies |
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Export |
Yes |
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Major Industry Code / SICC |
35522 |
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Definition of Code |
General
mechanical engineering on a fee or contract basis |
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Head Office Physical Address |
50 Mount lda Road Robertsham JOHANNESBURG |
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Head Office Postal Address |
PO Box 2042 SOUTHDALE 2135 |
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Current Tel Number |
011 4338003 |
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Cell number |
None |
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Current Fax Number |
011 433 8011 |
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Current Email Address |
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Web Site Address |
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Company Registered Name |
UHY HELLMANN (SA) |
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Trading Name |
UHY HELLMANN |
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Registration Number |
Unknown |
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Physical Address |
1st Floor Sturdee house 9 Sturdee Avenue ROSEBANK |
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Postal Address |
PO BOX 47163 PARKLANDS 2121 |
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Contact Person |
LOUIE RAMPATH |
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Contact Number |
011 4478447 |
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Email |
Info@uhy.co.za |
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Principals |
5 pathners |
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Judgements Against Subject |
None |
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Judgements Against Principals |
None |
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Subject Verified as Client |
Yes |
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SAICA number |
Unknown |
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VAT Number |
4200103028 |
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Tax Number |
Unknown |
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BEE Status |
Yes ,Level 4 |
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Financial Year End |
February |
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Years With Auditors |
5 |
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Website |
Previous Auditors
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Company Name |
Phone Number |
Time with previous auditors |
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R HELLMAN AND
COMPANY |
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26 |
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Vat Number |
45201179878 |
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Status |
Active |
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Vat Liable Date |
Every Month |
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Tax Number |
9492173845 |
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Tax Clearance Expire Date |
April 2012 |
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Financial Year End |
February |
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Status |
In the process of renewing |
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Score |
Unknown |
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Expire Date |
March 2012 |
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BEE Certificate Available |
Unknown |
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Type of ISO Grade |
Unknown |
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ISO Certificate |
Yes |
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ISO Certificate Available |
Yes |
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Certified by an Accredited Agent |
Yes |
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Registered |
Yes |
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Compliance Certified |
Yes |
Subsidiaries
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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 |
92 |
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1. Salaried
employees |
13 |
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2. Waged
employees |
33 |
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3. Permanent
employees |
46 |
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4. Casual
employees |
None |
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5. Contracted
employees |
None |
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 |
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1. Cars |
3 |
Owned |
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2. Light
Delivery Vehicles |
2 |
Owned |
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3. Trailers |
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4. Busses |
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5. Trucks |
1 |
Owned |
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6. Fork
Lifts |
1 |
Owned |
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7. Other |
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Offices |
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Head Office Owned/ Rented |
Owned |
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Rental Company |
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Owned by |
R W W ENGINEERING (PTY) LTD |
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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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Branches Names |
Country |
Province |
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None |
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Branches Owned/ Rented |
None |
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Rental Company |
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Owned |
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Value |
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Bank |
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Bond |
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Lease Agreement |
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Lease Expire Date |
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Type of Premises |
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Organisation chart
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Level |
Position |
Name |
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Declined |
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Company Structure
(Ownership)
Note: One level up and
all levels down
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Holding |
Company |
Sub |
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Declined |
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Key
deals signed within the past 12 months.
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Company |
Value |
Contact |
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Declined |
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Trade Reference nr |
Supplier |
Contact |
Surety Value |
Notarial Bonds |
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1 |
Declined |
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2 |
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3 |
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Trade References
Detail
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Nr |
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
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1 |
Declined |
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2 |
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3 |
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Judgements
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Judgements |
None |
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Possible Judgements |
None |
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Civil Court |
None |
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RDs |
None |
Business Rescue
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Date registered |
Business rescue practitioner |
Contact Information |
Details |
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None |
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Default Listings
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Date |
Details |
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None |
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Notarial Bonds
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Date |
Details |
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None |
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Bank |
ABSA |
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Branch |
Declined |
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Bank Account Number |
Declined |
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Type of Account |
CHEQUE |
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Account Name |
Declined |
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Overdraft Facilities |
Yes/No |
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Date Opened |
Declined |
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Bank Code |
Unable to obtain without an account number |
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Bank Comment |
None |
Bank Codes History
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Date requested |
Bank Code |
Enquiry Amount |
Number of RD’s |
RD amount |
RD Date |
Bank Comments |
Years with bank |
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None |
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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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Property Interestsfor Company
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Title Deed No. |
None |
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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Financial
Estimates
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CURRENT ASSETS |
Declined |
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Stock |
Declined |
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Debtors |
Declined |
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FIXED ASSETS |
Declined |
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Plant, Equipment, Vehicles |
Declined |
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Property |
Declined |
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CURRENT LIABILITIES |
Declined |
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Creditors |
Declined |
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Loans/ From? |
Declined |
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LONG TERM LIABILITIES |
Declined |
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Morgage Bonds |
Declined |
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Previous Year Turnover |
Declined |
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Estimated Current Year Turnover |
Declined |
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Current Turnover per month |
Declined |
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Current Turnover per annum |
Declined |
Please note the
following:
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Turnover and assets less than R 1,000,000.00 |
The subject falls within the National Credit Act |
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Turnover and assets less than R 2,000,000.00 |
The subject falls within the Consumer Protection Act |
Principals
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Number of Principals |
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Average Age of Active Principals |
50 |
Active Principals
Principal 1 of 1: JEREMY WOOD
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Surname |
WOOD |
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First Name |
JEREMY |
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Other Names |
None |
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Marital Status |
Unknown |
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ID Number |
6103255040087 |
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Verified ID Number |
Yes |
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Current Age |
51 |
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Designation |
Director |
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Status |
Active |
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Appointment Date |
Unavailable |
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Physical Address (at time of Appointment) |
334 Capolino Road BUCCLEUCH 2066 |
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Postal Address |
PO Box 1701 Gallo Manor 2052 |
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Current Tel Number |
011 4338003/0118833016 |
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Cell number |
0832668276 |
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Current Fax Number |
011 433 8011 |
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Current Email Address |
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Shareholding |
Unknown |
Adverse Information for : JEREMY WOOD
Judgement
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Number of
/Judgements |
None |
Debt
Review
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Debt review |
None |
Other
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Default data |
None |
Business Information for : JEREMY WOOD
Current
Business Interests
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Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
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RWW ENGINEERING
(PTY)LTD |
1986/004209/07 |
In Business |
25 Years 6 Months |
0 |
No |
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SCOTPORP |
1992/030120/23 |
In Business |
19 Years 5
Months |
0 |
No |
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50 MOUNT IDA
ROAD CC |
1994/000402/23 |
Deregistration
Process |
18 Years 3
Months |
0 |
No |
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TM AUTOMATION
(PTY)LTD |
2000/026396/07 |
In Business |
11 Years 6
Months |
0 |
No |
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PROPALUX 108
(PTY)LTD |
M1997/007793/07 |
In Business |
14 Years 11
Months |
0 |
No |
Previous
Business Interests
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Average Age of
Previous Business Interests |
31 |
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Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
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WERNI ELECTRONICS CC |
1988/030335/23 |
In Business |
23 Years 5
Months |
0 |
No |
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NOKIAN VHANGANA CAPACITORS(PTY)LTD |
2003/022138/07 |
Deregistration
final |
8 Years 7 Months |
0 |
No |
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Deeds Information
Property
Interestsfor : JEREMY WOOD
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Title Deed No. |
None |
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: HOWARD WOOD
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Surname |
WOOD |
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First Name |
HOWARD |
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Other Names |
None |
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Marital Status |
Unknown |
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ID Number |
5606115089087 |
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Verified ID Number |
Yes |
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Current Age |
56 |
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Designation |
Director |
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Status |
Active |
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Appointment Date |
|
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Physical Address (at time of Appointment) |
60 Rothesay Avenue Craighall Park JOHANNESBURG 2196 |
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Postal Address |
PO Box 2042 SOUTHDALE 2135 |
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Current Tel Number |
0114338003 |
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Cell number |
Unavailable |
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Current Fax Number |
011 433 8011 |
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Current Email Address |
|
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Shareholding |
Unknown |
Adverse Information for : HOWARD WOOD
Judgement
|
Number of
Judgements |
None |
Debt
Review
|
Debt review |
None |
Other
|
Default data |
None |
Business Information for : HOWARD WOOD
Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
R W W
ENGINEERING(PTY)LTD |
1986/004209/07 |
In Business |
25 Years 6
Months |
0 |
No |
|
SCOTPORP CC |
1992/030120/23 |
In Business |
19 Years 5
Months |
0 |
No |
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50 MOUNT IDA
ROAD CC |
1994/000402/23 |
Deregistration
process |
18 Years 3
Months |
0 |
No |
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TM
AUTOMATION(PTY)LTD |
2000/026396/07 |
In Business |
11 Years 6
Months |
0 |
No |
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STAND 1974
PARKHURST CC |
2008/184132/23 |
In Business |
3 Years 8 Months |
0 |
No |
Previous
Business Interests
|
Average Age of
Previous Business Interests |
12 years |
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Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
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WERNI
ELECTRONICS CC |
1988/030335/23 |
In Business |
23 Years 5
Months |
0 |
No |
|
ROSE BANK
PHOTOCOLOUR (PTY)LTD |
1994/008467/07 |
Dissolved |
17 Years 6
Months |
0 |
No |
|
GULLWOOD PROP CC |
2007/145807/23 |
Deregistration
Final |
4 Years 9 Months |
0 |
No |
|
LAZERSET CC |
B1988/035538/23 |
Deregistration
Final |
23 Years 4
Months |
0 |
No |
Deeds Information
Property
Interestsfor : HOWARD WOOD
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Title Deed No. |
None |
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.51.05 |
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UK Pound |
1 |
Rs.81.09 |
|
Euro |
1 |
Rs.67.39 |
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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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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 |
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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.