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Report Date : |
07.04.2012 |
IDENTIFICATION DETAILS
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Name : |
MOTOR ELECTRODIESEL SA (PTY) LTD |
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Registered Office : |
Gunners Circle, Epping 1, |
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Country : |
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Date of Incorporation : |
23.06.2004 |
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Com. Reg. No.: |
M2004/017453/07 |
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Legal Form : |
Private Limited |
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Line of Business : |
Manufacturing of vehicle parts |
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No. of Employees : |
Not Available |
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 : |
No complaints |
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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 30, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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 |
MOTOR
ELECTRODIESEL SA (PTY) LTD |
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Country |
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Requested Credit Limit |
US
$ 15 000 000 |
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Enquiry Terms |
D/A |
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Account Review |
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Subject Contact person |
KHALED-FINANCIAL
MANAGER 0215054000 |
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Assessment |
R.
KHALED who requested the name of the principal enquirer as well as the reason
of the enquiry before he assists with the information regarding the subject. We
have obtained the information on the subject’s auditors. Please
see the available information on the subject below. At
present we cannot recommend credit dealings. |
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Registered Name |
MOTOR ELECTRODIESEL SA (PTY)LTD |
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Trading as/ Division Name |
MED |
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Previous Name |
None |
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Date of Name Change |
None |
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Registration Number |
M2004/017453/07 |
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Registration Date |
2004/06/23 |
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Date Commenced Trading |
2004/06/23 |
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Age of Business |
8 Years |
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History of Business |
Unavailable |
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History of Principals |
Unavailable |
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Shareholders and % holding |
Unavailable |
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Authorised Share Capital |
1000 |
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Issued Share Capital |
120 |
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Status |
In Business |
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Operations Assessment |
Manufacturing of vehicle parts |
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Industry/ Customers |
Unavailable |
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Export |
Unavailable |
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Major Industry Code / SICC |
35630 |
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Definition of Code |
Manufacture
of bearings, gears, gearing and driving elements |
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Head Office Physical Address |
Gunners Circle Epping 1 |
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Head Office Postal Address |
Eppingdust 7475 |
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Current Tel Number |
021 505 4000 |
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Cell number |
Unavailable |
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Current Fax Number |
021 534 7098 |
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Current Email Address |
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Web Site Address |
None |
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Company Registered Name |
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Trading Name |
Grant Thornton |
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Registration Number |
2010/016204/21 |
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Physical Address |
6th Floor Foreshore 8001 |
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Postal Address |
8000 |
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Contact Person |
David L Smith |
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Contact Number |
021 4178763 |
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Email |
David.smith@za.gt.com |
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Principals |
16 |
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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 |
925438E |
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VAT Number |
4950256596 |
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Tax Number |
9151210185 |
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BEE Status |
Level 4 |
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Financial Year End |
31 December |
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Years With Auditors |
6 |
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Website |
www.gt.co.za |
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Company Name |
Phone Number |
Time with previous auditors |
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M D
accountants And Auditors Incorporated |
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Unknown |
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Vat Number |
4910214404 |
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Status |
Active |
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Vat Liable Date |
2004/10/01 |
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Tax Number |
9146754156 |
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Tax Clearance Expire Date |
Unavailable |
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Financial Year End |
Unavailable |
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Status |
Unavailable |
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Score |
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Expire Date |
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BEE Certificate Available |
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Type of ISO Grade |
Unavailable |
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ISO Certificate |
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ISO Certificate Available |
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Certified by an Accredited
Agent |
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Registered |
Unavailable |
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Compliance Certified |
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Subsidiaries
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Subsidiary Company |
Unavailable |
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Shareholding |
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Registration Number |
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Import / Export |
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Subsidiary Company |
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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 |
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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 |
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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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Level |
Position |
Name |
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Unavailable |
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Note: One level up and all levels down
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Holding |
Company |
Sub |
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Unavailable |
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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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3 |
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4 |
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5 |
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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 |
Unavailable |
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2 |
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3 |
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4 |
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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 |
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 |
Yes/No |
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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
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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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Previous Bank Accounts
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Banker |
Branch Code |
Account Holder |
Account number |
Date opened |
Years with bank |
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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 |
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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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 |
2 |
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Average Age of Active Principals |
53 |
Active Principals
Principal
1 of 1: LAMEES ISMAIL
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Surname |
ISMAIL |
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First Name |
LAMEES |
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Other Names |
None |
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Marital Status |
Unknown |
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ID Number |
6601150174083 |
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Verified ID Number |
Yes |
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Current Age |
46 |
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Designation |
BusinessWoman |
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Status |
Active |
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Appointment Date |
2005/02/01 |
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Physical Address (at time of
Appointment) |
Crawford 7764 |
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Postal Address |
Crawford 7764 |
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Current Tel Number |
0215347065/0215054000 |
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Cell number |
0722276053 |
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Current Fax Number |
None |
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Current Email Address |
Unknown |
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Shareholding |
Unknown |
Adverse Information for LAMEES
ISMAIL
Judgement
|
Number
of /Judgements |
None |
Debt
Review
|
Debt
review |
None |
Other
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Default
data |
None |
Business Information for LAMEES
ISMAIL
Current
Business Interests
|
Company
Name |
Registration
No |
Status |
Age of Business |
Judgements |
Liquidation |
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MED
WORKSHOP CC |
1991/030027/23 |
In
Business |
20
Years 5 Months |
0 |
No |
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AUTO
MAGNETO (PTY)LTD |
K2011/134169/07 |
In
Business |
5
Months |
0 |
No |
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MOTOR
ELECTRODIESEL(SA)(PTY)LTD |
M2004/017453/07 |
In
Business |
7
Years 10 Months |
0 |
No |
Previous
Business Interests
|
Average
Age of Previous Business Interests |
None |
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Company
Name |
Registration
No |
Status |
Age of Business |
Judgements |
Liquidation |
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None |
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Deeds Information
Property
Interestsfor LAMEES ISMAIL
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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
2of 2:BENJAMIN FEINSTEIN
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Surname |
FEINSTEIN |
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First Name |
BENJAMIN |
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Other Names |
None |
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Marital Status |
Unknown |
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ID Number |
5210295021000 |
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Verified ID Number |
No |
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Current Age |
60 |
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Designation |
Businessman |
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Status |
Active |
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Appointment Date |
2004/07/02 |
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Physical Address (at time of
Appointment) |
402 Mouille Point 8001 |
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Postal Address |
EPPINDUST 7475 |
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Current Tel Number |
Unavailable |
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Cell number |
Unavailable |
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Current Fax Number |
Unavailable |
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Current Email Address |
Unavailable |
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Shareholding |
Unavailable |
Adverse Information for BENJAMIN
FEINSTEIN
Judgement
|
Number
of Judgements |
None |
Debt
Review
|
Debt
review |
None |
Other
|
Default
data |
None |
Business Information for BENJAMIN
FEINSTEIN
Current
Business Interests
|
Company
Name |
Registration
No |
Status |
Age of Business |
Judgements |
Liquidation |
|
HALGRAY
(PTY)LTD |
1971`/013391/07 |
Deregistration
process |
40
Years 5 Months |
0 |
No |
|
PROSAND
THREE CC |
1991/014252/23 |
In
Business |
20
Years 10 Months |
0 |
No |
|
MED
WORKSHOP |
1991/030027/23 |
In
Business |
20
Years 5 Months |
0 |
No |
|
GOLDEN
SPADE DEVELOPMENTS (PTY)LTD |
1995/007390/07 |
Deregistration
process |
16
Years 9 Months |
0 |
No |
|
FUSION
PLACEMENTS (PTY)LTD |
2003/006528/07 |
In
Business |
9
Years 1 Months |
0 |
No |
Previous
Business Interests
|
Average
Age of Previous Business Interests |
50 years |
|
Company
Name |
Registration
No |
Status |
Age of Business |
Judgements |
Liquidation |
|
EDDIES
HOLDINGS (PTY)LTD |
1937/009036/07 |
DEREGISTRATION FINAL |
75
Years 3 Months |
0 |
No |
|
CHARIOT
LAND LTD |
1947/027737/07 |
IN
LIQUIDATION |
64
Years 4 Months |
0 |
Yes |
|
MARJON
MANUFACTURING (PTY)LTD |
1961/000039/07 |
DEREGISTRATION FINAL |
50
Years 10 Months |
0 |
No |
|
AUTO
PARTS DISTRIBUTORS (PTY)LTD |
1967/011353/07 |
In
Business |
44
Years 6 Months |
1 |
No |
|
AUTOZONE
(PTY)LTD |
1967/006038/07 |
In
Business |
43 Years |
0 |
No |
Deeds Information
Property
Interests for BENJAMIN FEINSTEIN
|
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.51.04 |
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|
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 |
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-- |
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.