|
Report Date : |
05.04.2012 |
IDENTIFICATION DETAILS
|
Name : |
RURAL PUMPS CC |
|
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Registered Office : |
Shop 72 Ceramic Curve, |
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Country : |
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Date of Incorporation : |
19.05.1995 |
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Com. Reg. No.: |
B1995/020101/23 |
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|
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Legal Form : |
Close Corporation |
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Line of Business : |
Repairs pipes |
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|
|
|
No. of Employees : |
32 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Small company |
|
Payment Behaviour : |
No complaints |
|
Litigation : |
Exists |
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 |
RURAL
PUMPS CC |
|
Country |
SOUTH
AFRICA |
|
Requested Credit Limit |
US$150 000
000 |
|
Enquiry Terms |
30
DAYS |
|
Account Review |
6
MONTHS |
|
Subject Contact person |
JERUSHA
NAIDOO-035 7512515 |
|
Assessment |
Total
Credit Limit Exposure: R 100 000 On
the investigation we established this
is a small company The
subject is meeting their commitments with suppliers. A Bank
code could not be obtained because the account details were declined. The
subject has a judgement against its name. We
could not verify details with the Auditor because the contact numbers were
not given to us. There
should be security sought when dealing with the subject. |
|
Registered Name |
RURAL PUMPS CC |
|
Trading as/ Division Name |
None |
|
Previous Name |
None |
|
Date of Name Change |
None |
|
Registration Number |
B1995/020101/23 |
|
Registration Date |
1995-05-19 |
|
Date Commenced Trading |
1995-05-09 |
|
Age of Business |
16 Years 10 Months |
|
History of Business |
Rural Pumps CC is based in Empangeni, Kwa-Zulu Natal and
has been trading since 1995. |
|
History of Principals |
None |
|
Shareholders/Members/Partners of subject and % holding |
25% JOSHUA MADARMUTHOO 75% SAGREN MADARMUTHOO |
|
Authorised
Share Capital |
R 20 000 |
|
Issued Share Capital/Members Contribution |
R 2 000 |
|
Status |
This Business is Active |
|
Operations Assessment |
Repairs pipes |
|
Industry/ Customers |
Municipality |
|
Export |
None |
|
Major Industry Code / SICC |
63209 |
|
Definition of Code |
Other
maintenance and repairs n.e.c. |
|
Head Office Physical Address |
Shop 72 Ceramic Curve RICHARDS BAY 3880 |
|
Head Office Postal Address |
P.O. Box 216 EMPANGENI 3880 |
|
Current Tel Number |
035 7870843 |
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Cell number |
082 4519659 |
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Current Fax Number |
035 7870843 |
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Current Email Address |
|
|
Web Site Address |
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Company Registered Name |
Y S A VAHEED |
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Trading Name |
Unavailable |
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Registration Number |
Unavailable |
|
Physical Address |
Unavailable |
|
Postal Address |
PO Box 16129 BLUFF 4036 |
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Contact Person |
Unavailable |
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Contact Number |
Unavailable |
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Email |
Unavailable |
|
Principals |
Unavailable |
|
Judgements
Against Subject |
Unavailable |
|
Judgements
Against Principals |
Unavailable |
|
Subject Verified as Client |
Unavailable |
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SAICA number |
Unavailable |
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VAT Number |
Unavailable |
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Tax Number |
Unavailable |
|
BEE Status |
Unavailable |
|
Financial Year End |
Unavailable |
|
Years With Auditors |
Unavailable |
|
Website |
Unavailable |
|
Company Name |
Phone Number |
Time with previous auditors |
|
PRICE WATERHOUSE COOPERS INCORPORATED |
|
14 Years |
|
Vat Number |
4300149723 |
|
Status |
Active |
|
Vat Liable Date |
1995-05-19 |
|
Tax Number |
9250449205 |
|
Tax Clearance Expire Date |
Unavailable |
|
Financial Year End |
February |
|
Status |
Yes |
|
Score |
Level 4 |
|
Expire Date |
Unknown |
|
BEE Certificate Available |
Unknown |
|
Type of ISO Grade |
None |
|
ISO Certificate |
|
|
ISO Certificate Available |
|
|
Certified by an Accredited Agent |
|
|
Registered |
Yes |
|
Compliance Certified |
Yes |
Subsidiaries
|
Subsidiary Company |
None |
|
Shareholding |
|
|
Registration Number |
|
|
Import / Export |
|
|
Number
of Employees |
32 |
|
1. Salaried employees |
12 |
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2. Waged employees |
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|
3. Permanent employees |
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|
4. Casual employees |
20 |
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5. Contracted employees |
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Company Fleet |
No of vehicles: |
Owned/ Leased |
Value |
Outstanding Balance |
|
Fleet Operations |
6 |
Owned |
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The Fleet is made up of |
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1. Cars |
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2. Light Delivery Vehicles |
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3. Trailers |
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4. Busses |
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5. Trucks |
6 |
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6. Fork Lifts |
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7. Other |
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Offices |
Offices |
Head Office Owned/ Rented |
Rent |
|
Rental Company |
EXTRA PROPERTIES (PTY) LTD |
|
Owned by |
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|
Value |
|
|
Bond |
|
|
Bank |
|
|
Lease Agreement |
3 Years |
|
Lease Expire Date |
Unavailable |
|
Type of Premises |
Offices |
|
Branches Names |
Country |
Province |
|
None |
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|
Branches Owned/ Rented |
None |
|
Rental Company |
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|
Owned |
|
|
Value |
|
|
Bank |
|
|
Bond |
|
|
Lease Agreement |
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|
Lease Expire Date |
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|
Type of Premises |
|
Organisation chart
|
Level |
Position |
Name |
|
1 |
DIRECTOR |
JOSHUA MADARMUTHOO |
|
1 |
DIRECTOR |
SAGREN
MADARMUTHOO |
Note: One level up and all levels down
|
Holding |
Company |
Sub |
|
75% |
SAGREN
MADARMUTHOO |
None |
|
25% |
JOSHUA
MADARMUTHOO |
None |
|
Company |
Value |
Contact |
|
None |
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Trade Reference nr |
Supplier |
Contact |
|
1 |
JPI |
035
7973312 |
|
2
|
FRANKLIN |
031
7004160 |
|
3 |
NIPS |
035
7870380 |
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4 |
BMG |
035
7891511 |
Trade References Detail
|
Nr |
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
|
1 |
2004 |
R
100 000 |
R 37
000 |
30
Days |
R 37
000 |
30
Days |
Slow |
|
2 |
Do |
Not |
Give |
Trade
|
Reference |
|
|
|
3 |
Do |
Not |
Give |
Trade
|
Reference |
|
|
|
4 |
5 Years |
Confidential |
Confidential |
Confidential |
Confidential |
Confidential |
Good |
Judgements
|
Judgements |
1 |
|
Possible
Judgements |
1 |
|
Civil
Court |
ESHOWE M |
|
RDs |
121/2008 |
Business Rescue
|
Date registered |
Business rescue practitioner |
Contact Information |
Details |
|
None |
|
|
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Default Listings
|
Date |
Details |
|
None |
|
Notarial Bonds
|
Date |
Details |
|
None |
|
|
Bank |
STANDARD BANK |
|
Branch |
EMPANGENI |
|
Bank Account Number |
Declined, Deemed Confidential |
|
Type of Account |
CURRENT |
|
Account Name |
PUPAL PUMP CC |
|
Overdraft Facilities |
YES |
Bank Codes History
|
Date requested |
Bank Code |
Enquiry Amount |
Number of RD’s |
RD amount |
RD Date |
Bank Comments |
Years with bank |
|
None |
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|
|
|
|
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Previous Bank Accounts
|
Banker |
Branch Code |
Account Holder |
Account number |
Date opened |
Years with bank |
|
None |
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|
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Property
Interestsfor Company
|
Title
Deed No. |
None |
Erf/Site No. |
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|
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 |
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Plant, Equipment, Vehicles |
|
|
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 |
|
|
Previous Year Turnover |
|
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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 |
52 |
Active Principals
Principal
1 of 1: JOSHUA MADARMUTHOO
|
Surname |
MADARMUTHOO |
|
First Name |
JOSHUA |
|
Other Names |
None |
|
Marital Status |
Married |
|
ID Number |
8610295138083 |
|
Verified ID Number |
Yes |
|
Current Age |
26 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2008-01-21 |
|
Physical Address (at time of
Appointment) |
28 Elkhorn Crescent,Bracknham RICHARDS BAY 3900 |
|
Postal Address |
PO Box 216 EMPANGENI 3880 |
|
Current Tel Number |
035 7981590 |
|
Cell number |
079 4910151 |
|
Current Fax Number |
035 7870843 |
|
Current Email Address |
None |
|
Shareholding |
25% |
Adverse Information for :JOSHUA
MADARMUTHOO
Judgement
|
Number
of Judgements |
None |
Debt
Review
|
Debt
review |
None |
Other
|
Default
data |
None |
Business Information for :JOSHUA
MADARMUTHOO
Current
Business Interests
|
Company
Name |
Registration
No |
Status |
Age of Business |
Judgements |
Liquidation |
|
J AND M AGRICULTURAL INDUSTRIAL AND
HARDWARE SUPPLIES CC |
B2000/014749/23 |
In
Business |
12
Years |
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: JOSHUA MADARMUTHOO
|
Title
Deed No. |
T29984/2011 |
Erf/Site No. |
|
|
Deeds
Office |
PIETERMARITZBURG |
Physical Address |
55
ELKHORN BRACKENHAM RICHARD |
|
Property
Type |
Freehold / Ervin |
Extent / Size |
301.0SQM |
|
Purchase
Date |
2011-03-28 |
Purchase price |
R
585 000.00 |
|
%
Ownership |
0.0000 |
Bond Holder |
STANDARD
BANK SA |
|
Bond
Number |
B208242011 |
Bond Amount |
R
495 000.00 |
Principal
2 of 2: SAGREN MADARMUTHOO
|
Surname |
MADARMUTHOO |
|
First Name |
SAGREN |
|
Other Names |
None |
|
Marital Status |
Married |
|
ID Number |
6012035170082 |
|
Verified ID Number |
Yes |
|
Current Age |
48 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2008-01-21 |
|
Physical Address (at time of
Appointment) |
28 ELKHORN CRESCENT BRACKINHAM RICHARDS BAY 3900 |
|
Postal Address |
P O BOX 216 EPANGENI 3880 |
|
Current Tel Number |
0357870843 |
|
Cell number |
082 4519659 |
|
Current Fax Number |
035 7870843 |
|
Current Email Address |
None |
|
Shareholding |
75% |
Adverse Information for: SAGREN MADARMUTHOO
Judgement
|
Number
of Judgements |
None |
Debt
Review
|
Debt
review |
None |
Other
|
Default
data |
None |
Business Information for: SAGREN MADARMUTHOO
Current
Business Interests
|
Company
Name |
Registration
No |
Status |
Age of Business |
Judgements |
Liquidation |
|
None |
|
|
|
|
|
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: SAGREN MADARMUTHOO
|
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.51.04 |
|
|
1 |
Rs.81.08 |
|
Euro |
1 |
Rs.67.39 |
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.