|
Report Date : |
04.04.2012 |
IDENTIFICATION DETAILS
|
Name : |
W L AND S FASTENER MANUFACTURING CO CC |
|
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Registered Office : |
Unit 4, |
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Country : |
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Date of Incorporation : |
30.01.1989 |
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Com. Reg. No.: |
1989/002305/23 |
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Legal Form : |
Close Corporation |
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Line of Business : |
Not Available |
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|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
Payment Behaviour : |
Unknown |
|
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 |
W L AND
S FASTENER MANUFACTURING CO CC |
|
Country |
SOUTH
AFRICA |
|
Requested Credit Limit |
US$
150 000 |
|
Enquiry Terms |
D/A |
|
Account Review |
|
|
Subject Contact person |
BEVALLEY
ALLEN-011 8821150 |
|
Assessment |
Contact
was made with financial manager Mrs
Beverly Allen and she requested that I shouldemail a questionnaire . A follow
up was made with the financial manager but they will not provide any
information unless they specifically know why this information has been requested, The
available information below was confirmed. |
|
Registered Name |
WL AND S FASTENER MANUFACTURING CO CC |
|
Trading as/ Division Name |
None |
|
Previous Name |
None |
|
Date of Name Change |
None |
|
Registration Number |
1989/002305/23 |
|
Registration Date |
1989-01-30 |
|
Date Commenced Trading |
1989-01-30 |
|
Age of Business |
23 Years 2 Months |
|
History of Business |
None |
|
History of Principals |
3 |
|
Shareholders/Members/Partners of subject and % holding |
48.6% NICHOLAS ALLEN 32.8% BEV ALLEN 18.6% JEFFREY HODSON |
|
Authorised Share Capital |
Unavailable |
|
Issued Share Capital/Members Contribution |
Unavailable |
|
Status |
This Business is Active |
|
Operations Assessment |
Unavailable |
|
Industry/ Customers |
Unavailable |
|
Export |
Unavailable |
|
Major Industry Code / SICC |
Unavailable |
|
Definition of Code |
Unavailable |
|
Head Office Physical Address |
Unit 4, 129 9th Road JOHANNESBURG 2090 |
|
Head Office Postal Address |
PO Box 89063 LYNDHURST 2195 |
|
Current Tel Number |
011 8821150 |
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Cell number |
Unavailable |
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Current Fax Number |
011 8821043 |
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Current Email Address |
wlsbev@telkomsa.net |
|
Web Site Address |
Unavailable |
|
Company Registered Name |
H RUBIN AND ASSOCIATE INC |
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Trading Name |
None |
|
Registration Number |
2008/004185/21 |
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Physical Address |
Cedarwood Office Park Mount Lebanon Rd Woodmead SANDTON 2199 |
|
Postal Address |
PO Box 749 GALLO MANOR 2052 |
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Contact Person |
HARRY RUBIN |
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Contact Number |
011 6564750 |
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Principals |
1 |
|
Judgements Against Subject |
None |
|
Judgements Against Principals |
None |
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Subject Verified as Client |
Yes |
|
SAICA number |
Unavailable |
|
VAT Number |
4030247953 |
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Tax Number |
9309525161 |
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BEE Status |
Unavailable |
|
Financial Year End |
February |
|
Years With Auditors |
3 Years |
|
Website |
www.rwi.co.za |
|
Company Name |
Phone Number |
Time with previous auditors |
|
RUBIN
AND QUIRK INCORPORATED |
|
23 Years |
|
RESIGN
AS PER LETTER KESSEL FEINSTEIN |
|
23 Years |
|
Vat Number |
4700111133 |
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Status |
Active |
|
Vat Liable Date |
1991-09-30 |
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Tax Number |
9644317845 |
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Tax Clearance Expire Date |
Unavailable |
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Financial Year End |
May |
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Status |
Yes/No |
|
Score |
|
|
Expire Date |
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BEE Certificate Available |
Yes/No |
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Type of ISO Grade |
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ISO Certificate |
Yes/No |
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ISO Certificate Available |
Yes/No |
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Certified by an Accredited Agent |
Yes/No |
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Registered |
Yes/No |
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Compliance Certified |
Yes/No |
Subsidiaries
|
Subsidiary Company |
Unavailable |
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Shareholding |
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Registration Number |
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Import / Export |
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Number
of Employees |
Unavailable |
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1. Salaried employees |
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2. Waged employees |
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3. Permanent employees |
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4. Casual employees |
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5. Contracted employees |
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Company Fleet |
No of vehicles: |
Owned/ Leased |
Value |
Outstanding Balance |
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Fleet Operations |
Unavailable |
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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 |
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6. Fork Lifts |
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7. Other |
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Offices |
Unavailable |
Head Office Owned/ Rented |
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Rental Company |
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Owned by |
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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 |
|
Unavailable |
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Branches Owned/ Rented |
Unavailable |
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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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Company |
Value |
Contact |
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Unavailable |
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Trade Reference nr |
Supplier |
Contact |
Surety Value |
Notarial Bonds |
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1 |
Unavailable |
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2
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Trade References Detail
|
Nr |
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
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1 |
Unavailable |
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2 |
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Judgements
|
Judgements |
None |
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Possible
Judgements |
None |
|
Civil
Court |
None |
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RDs |
None |
Business Rescue
|
Date registered |
Business rescue practitioner |
Contact Information |
Details |
|
None |
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Default Listings
|
Date |
Details |
|
None |
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Notarial Bonds
|
Date |
Details |
|
None |
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Bank |
Unavailable |
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Branch |
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Bank Account Number |
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Type of Account |
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Account Name |
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Overdraft Facilities |
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Date Opened |
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Bank Code |
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Bank Comment |
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Bank Codes History
|
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
|
Banker |
Branch Code |
Account Holder |
Account number |
Date opened |
Years with bank |
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None |
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Property
Interestsfor Company
|
Title
Deed No. |
None |
Erf/Site No. |
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Deeds
Office |
|
Physical Address |
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Property
Type |
|
Extent / Size |
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Purchase
Date |
|
Purchase price |
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|
%
Ownership |
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Bond Holder |
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|
Bond
Number |
|
Bond Amount |
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CURRENT ASSETS |
Unavailable |
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Stock |
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Debtors |
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FIXED ASSETS |
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Plant, Equipment, Vehicles |
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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 |
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Previous Year Turnover |
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Estimated Current Year Turnover |
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Current Turnover per month |
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Current Turnover per annum |
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Principals
|
Number of Principals |
3 |
|
Average Age of Active Principals |
58 |
Active Principals
Principal
1 of 3: NICHOLAS ALLEN
|
Surname |
ALLEN |
|
First Name |
NICHOLAS |
|
Other Names |
None |
|
Marital Status |
None |
|
ID Number |
5202125081106 |
|
Verified ID Number |
Yes |
|
Current Age |
60 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2000-09-27 |
|
Physical Address (at time of
Appointment) |
14 Tregoning Street LINKSFIELD 2192 |
|
Postal Address |
PO Box 89063 LYNDHURST 2106 |
|
Current Tel Number |
011 8821150 |
|
Cell number |
082 4481193 |
|
Current Fax Number |
011 8821043 |
|
Current Email Address |
wlsbev@telkomsa.net |
|
Shareholding |
(if the principal owns shares) |
Adverse Information for:
NICHOLAS ALLEN
Judgement
|
Number
of Judgements |
None |
Debt
Review
|
Debt
review |
None |
Other
|
Default
data |
None |
Business Information for:
NICHOLAS ALLEN
Current
Business Interests
|
Company
Name |
Registration
No |
Status |
Age of Business |
Judgements |
Liquidation |
|
NAMELESS INVESTMENTS CC |
1994/034569/23 |
In
Business |
17
Years 2
Months |
0 |
No |
|
WLS DEVELOPMENTS CC |
1998/047547/23 |
In
Business |
13
Years 7
Months |
0 |
No |
Previous
Business Interests
|
Average
Age of Previous Business Interests |
23 Years |
|
Company
Name |
Registration
No |
Status |
Age of Business |
Judgements |
Liquidation |
|
WL AND S FASTENERS (NATAL) CC |
1987/023373/23 |
In
Liquidation |
24
Years 5
Months |
0 |
Yes |
|
WL AND S FASTENERS (NATAL) CC |
1989/001989/23 |
In
Liquidation |
23
Years 2
Months |
0 |
Yes |
Deeds Information
Property
Interestsfor: NICHOLAS ALLEN
|
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 3: BEV ALLEN
|
Surname |
ALLEN |
|
First Name |
BEV |
|
Other Names |
None |
|
Marital Status |
None |
|
ID Number |
6010230042080 |
|
Verified ID Number |
Yes |
|
Current Age |
52 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2000-09-27 |
|
Physical Address (at time of
Appointment) |
PO Box 89063 LYNDHURST 2106 |
|
Postal Address |
PO Box 89063 LYNDHURST 2106 |
|
Current Tel Number |
011 8821150 |
|
Cell number |
082 4481193 |
|
Current Fax Number |
011 8821043 |
|
Current Email Address |
wlsbev@telkomsa.net |
|
Shareholding |
(if the principal owns shares) |
Adverse Information for: BEV ALLEN
Judgement
|
Number
of Judgements |
None |
Debt
Review
|
Debt
review |
None |
Other
|
Default
data |
None |
Business Information for: BEV ALLEN
Current
Business Interests
|
Company
Name |
Registration
No |
Status |
Age of Business |
Judgements |
Liquidation |
|
NAMELESS INVESTMENTS CC |
1994/034569/23 |
In
Business |
17
Years 5
Months |
0 |
No |
Previous
Business Interests
|
Average
Age of Previous Business Interests |
16 Years |
|
Company
Name |
Registration
No |
Status |
Age of Business |
Judgements |
Liquidation |
|
WL AND S FASTENERS (NATAL) CC |
1987/023373/23 |
In
Liquidation |
24
Years 5
Months |
0 |
Yes |
|
WL AND S FASTENERS (NATAL) CC |
1989/001989/23 |
In
Liquidation |
23
Years 2
Months |
0 |
Yes |
|
WLS DEVELOPMENTS CC |
1998/047547/23 |
In
Business |
13
Years 7
Months |
0 |
No |
Deeds Information
Property
Interestsfor: BEV ALLEN
|
Title
Deed No. |
ST143908/2007 |
Erf/Site No. |
1286.0 |
|
Deeds
Office |
PRETORIA |
Physical Address |
LONE
HILL SANDTON |
|
Property
Type |
Sectional Title / Unit |
Extent / Size |
59.0SQM |
|
Purchase
Date |
2007-07-08 |
Purchase price |
R
780 000.00 |
|
%
Ownership |
0.0000 |
Bond Holder |
NEDBANK
LTD |
|
Bond
Number |
SB1725052007 |
Bond Amount |
R
780 000 |
Principal
3 of 3: JEFFREY HODSON
|
Surname |
HOSON |
|
First Name |
JEFFREY |
|
Other Names |
None |
|
Marital Status |
None |
|
ID Number |
4906035120108 |
|
Verified ID Number |
Yes |
|
Current Age |
63 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2000-09-27 |
|
Physical Address (at time of
Appointment) |
248 Molopo Avenue SINOVILLE 0182 |
|
Postal Address |
PO Box 89063 LYNDHURST 2106 |
|
Current Tel Number |
018 5419105 |
|
Cell number |
082 4651493 |
|
Current Fax Number |
011 8821043 |
|
Current Email Address |
wlsbev@telkomsa.net |
|
Shareholding |
(if the principal owns shares) |
Adverse Information for: JEFFREY HODSON
Judgement
|
Number
of Judgements |
None |
Debt
Review
|
Debt
review |
None |
Other
|
Default
data |
None |
Business Information for: JEFFREY HODSON
Current
Business Interests
|
Company
Name |
Registration
No |
Status |
Age of Business |
Judgements |
Liquidation |
|
WL AND S FASTENER MANUFACTURING CO CC |
1989/002305/23 |
In
Business |
23
Years 2
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: JEFFREY HODSON
|
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.50.56 |
|
|
1 |
Rs.81.04 |
|
Euro |
1 |
Rs.67.48 |
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.