MIRA INFORM REPORT
|
Report Date : |
25.04.2012 |
IDENTIFICATION DETAILS
|
Name : |
TUBESTONE (PTY) LTD |
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Registered Office : |
Unit 52, MS Freeway Park, |
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Country : |
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Date of Incorporation : |
13.11.2000 |
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Com. Reg. No.: |
2000/028590/07 |
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Legal Form : |
Private Company |
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Line of Business : |
Manufacture of Agricultural tyres,
Industrial tyres, Tubes, Flaps and wheelbarrow tyres |
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No. of Employees
: |
53 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
US $ 1,50,00,000.00 |
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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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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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 |
TUBESTONE (PTY)LTD |
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Country |
SOUTH AFRICA |
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Requested Credit Limit |
US $ 1,50,00,000.00 |
|
Enquiry Terms |
D/A |
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Account Review |
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Subject Contact person |
ACCOUNTANT- JANITA VALA (021 5106 746) |
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Assessment |
On Investigation we have made contact with the subject and we were Referred to the ACCOUNTANT, JANITA VALA. MRS JANITA VALA assisted us with all information accept for financials because the subject regards that information as confidential. The subject is making payments well within the terms , however we are still awaiting the bank code. Please see available information below. |
|
Registered Name |
TUBE STONE PTY LTD |
|
Trading as/ Division Name |
TUBE STONE |
|
Previous Name |
None |
|
Date of Name Change |
None |
|
Registration Number |
2000/028590/07 |
|
Registration Date |
2000/11/13 |
|
Date Commenced Trading |
2000/11/13 |
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Age of Business |
12 Years |
|
History of Business |
Started as a new business in 2000 |
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History of Principals |
3 |
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Shareholders and % holding |
Unavailable |
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Authorised Share Capital |
1000 |
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Issued Share Capital |
100 |
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Status |
In Business |
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Operations Assessment |
Manufacture of: Agricultural tyres Industrial tyres Tubes, Flaps and wheelbarrow tyres |
|
Industry/ Customers |
Manufactures of vehicles Service Stations for Vehicles Farmers |
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Export |
Yes |
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Major Industry Code / SICC |
33711 |
|
Definition of Code |
Manufacture
of tyres and tubes |
|
Head Office Physical Address |
Unit 52 MS Freeway Park Upper Camp Road Maitland 7405 |
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Head Office Postal Address |
PO Box 1751 Halfway House 1685 |
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Current Tel Number |
021 510 6746 |
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Cell number |
082 551 9284 |
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Current Fax Number |
021 510 6772 |
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Current Email Address |
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Web Site Address |
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Company Registered Name |
LOUIBSER DU PLESSIS INCORPORATED |
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Trading Name |
LDP |
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Registration Number |
1994/001617/21 |
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Physical Address |
De Waterkant ID Helderberg Street STELLENBOSCH |
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Postal Address |
PO Box 920 STELLENBOSCH 7599 |
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Contact Person |
PIETER JAN BESTBIER |
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Contact Number |
021 888 5600 |
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Email |
Info@ldp.co.za |
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Principals |
9 |
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Judgements Against Subject |
None |
|
Judgements Against Principals |
None |
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Subject Verified as Client |
Yes |
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SAICA number |
944270 |
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VAT Number |
4570146920 |
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Tax Number |
9250467025 |
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BEE Status |
Level 3 |
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Financial Year End |
February |
|
Years With Auditors |
3 Years |
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Website |
www.ldp.co.za |
Previous Auditors
|
Company Name |
Phone Number |
Time with previous auditors |
|
BASS GORDON
WILLS |
021 405 8500 |
10 |
|
Vat Number |
4080193115 |
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Status |
Active |
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Vat Liable Date |
2001/05/01 |
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Tax Number |
9099178148 |
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Tax Clearance Expire Date |
Have applied |
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Financial Year End |
30 June |
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Status |
In the process of applying |
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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 |
None |
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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 |
Yes |
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Compliance Certified |
Yes |
Subsidiaries
|
Subsidiary Company |
None |
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Number of
Employees |
53 |
|
1. Salaried
employees |
53 |
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2. Permanent
employees |
53 |
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. Light
Delivery Vehicles |
16 |
12 leased 4 owned |
1 359 847 |
1 477 029 |
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2. Fork
Lifts |
2 |
leased |
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29 359 |
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Offices |
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Head Office Owned/ Rented |
Rented |
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Rental Company |
ERIS PROPERTY GROUP |
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Owned by |
Unavailable |
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Value |
Unavailable |
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Bond |
Unavailable |
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Bank |
Unavailable |
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Lease Agreement |
5 YEARS |
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Lease Expire Date |
2016 |
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Type of Premises |
OFFICE BLOCK |
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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 |
|
Organisation chart
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Level |
Position |
Name |
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Unavailable |
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Company Structure
(Ownership)
Note: One level up and
all levels down
|
Holding |
Company |
Sub |
|
Unavailable |
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Key
deals signed within the past 12 months.
|
Company |
Value |
Contact |
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Trentyre |
R 1000 000 |
LEONORA VAN DER WESTHUIZEN |
|
Max T |
R 1000 000 |
BELINDA MOSES |
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Trade Reference nr |
Supplier |
Contact |
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1 |
AIRROAD |
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2 |
KIMBERLEY
EXPRESS |
051 433 1397 |
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3 |
SALVINO DEL BENE |
011 437 3000 |
Trade References Detail
|
Nr |
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
|
1 |
Do |
Not |
Give |
Trade |
References |
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2 |
6 Years |
Open |
R 198000 |
30 Days |
R 150000 - R
200000 |
30 Days |
Excellent |
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3 |
10 Years |
R 15 000 000 |
Unavailable |
45 Days |
R 7 000 000 - R 8 000 000 |
45 Days |
Excellent |
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 |
NEDBANK CORPORATE |
|
Branch |
CAPE TOWN |
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Bank Account Number |
145 201 55246 |
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Type of Account |
CURRENT |
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Account Name |
TUBESTONE |
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Overdraft Facilities |
No |
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Date Opened |
Unavailable |
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Bank Code |
(Awaiting 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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Previous Bank Accounts
|
Banker |
Branch Code |
Account Holder |
Account number |
Date opened |
Years with bank |
|
None |
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Property Interests for 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 |
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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
|
CURRENT ASSETS |
Declined |
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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:
|
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 |
3 |
|
Average Age of Active Principals |
60 |
Active Principals
Principal 1 of 3:PIETER HENDRIK KRUGER
|
Surname |
CLAUDIA KRUGER |
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First Name |
PIETER HENDRIK |
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Other Names |
None |
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Marital Status |
Unavailable |
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ID Number |
6510235048081 |
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Verified ID Number |
No |
|
Current Age |
47 |
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Designation |
Salesman |
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Status |
Active |
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Appointment Date |
2005/03/14 |
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Physical Address (at time of Appointment) |
2 Vygeboom Avenue Corner Durban Road 8 DE Vijgen Estate Durbanville 7550 |
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Postal Address |
PO Box 200 CAPE TOWN 8000 |
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Current Tel Number |
021 5106 746 / 021 9793 153 |
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Cell number |
Unavailable |
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Current Fax Number |
Unavailable |
|
Current Email Address |
Unavailable |
|
Shareholding |
Unavailable |
Adverse Information for : PIETER HENDRIK KRUGER
Judgement
|
Number of
Judgements |
None |
Debt
Review
|
Debt review |
None |
Other
|
Default data |
None |
Business
Information for: PIETER HENDRIK KRUGER
Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
MERLICO TWENTY
THREE (PTY)LTD |
1998/018975/07 |
Conversion CO/CC or CC/CO |
13 Years 7
Months |
0 |
No |
|
TUBESTONE
(PTY)LTD |
2000/028590/07 |
In Business |
11 Years 5
Months |
0 |
No |
Previous
Business Interests
|
Average Age of
Previous Business Interests |
28 Years |
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
PJ WHEELS CC |
1997/008426/23 |
Deregistration
Final |
15 Years 2
Months |
0 |
No |
|
KRUGERSDORP
CASING (KAAPSTAD)(PTY)LTD |
1999/010771/07 |
Dissolved |
12 Years 11
Months |
0 |
No |
Deeds
Information
Property
Interestsfor : PIETER HENDRIK KRUGER
|
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 :PAUL STAVELEY HOWARD
|
Surname |
HOWARD |
|
First Name |
P |
|
Other Names |
None |
|
Marital Status |
Unavailable |
|
ID Number |
5510245041085 |
|
Verified ID Number |
Yes |
|
Current Age |
57 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2001/07/01 |
|
Physical Address (at time of Appointment) |
72 EcclestonCresent Bryanston Gauteng 2021 |
|
Postal Address |
Po Box 7115 Johannessburg Gauteng 2000 |
|
Current Tel Number |
Unavailable |
|
Cell number |
Unavailable |
|
Current Fax Number |
Unavailable |
|
Current Email Address |
Unavailable |
|
Shareholding |
(if the principal owns shares) |
Adverse
Information for PAUL STAVELEY HOWARD
Judgement
|
Number of
Judgements |
None |
Debt
Review
|
Debt review |
None |
Other
|
Default data |
None |
Business
Information for PAUL STAVELEY HOWARD
Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
ERFIN NOMINEES
(PTY)LTD |
1971/009887/07 |
Deregistration
Process |
40 Years 8
Months |
0 |
No |
|
GERBER FASTENING
SYSTEMS (PTY)LTD |
1972/003546/07 |
In Business |
40 Years 1
Months |
0 |
No |
|
NEW ADVENTURE Investments
30 (PTY)LTD |
1982/010324/07 |
In Business |
29 Years 5
Months |
0 |
No |
|
BOLAND PULP
PROPERY HOLDINGS(PTY)LTD |
1982/010876/07 |
In Business |
29 Years 5
Months |
0 |
No |
|
TEKGLASS
(PTY)LTD |
1986/005044/07 |
Deregistration
Process |
25 Years 4
Months |
0 |
No |
Previous
Business Interests
|
Average Age of
Previous Business Interests |
168 Years |
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
ULTRA.SERV (S.A)
(PTY)LTD |
1957/003164/07 |
In Business |
54 Years 6
Months |
0 |
No |
|
BORIS THE BAKER
(PTY)LTD |
1996/001621/07 |
Dissolved |
16 Years 2
Months |
0 |
No |
|
ADSANI
EXPLORATION (PTY)LTD |
2000/003775/07 |
In Business |
12 years 2
Months |
0 |
No |
|
BUFFER
INVESTMENTS (PTY)LTD |
M1967/012895/07 |
In Business |
44 Years 4
Months |
0 |
No |
|
MINERVA (LEASING
AND FINANCE)(PTY)LTD |
M1969/008101/07 |
In Business |
42 Years11
Months |
0 |
No |
Deeds
Information
Property
Interestsfor PAUL STAVELEY HOWARD
|
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 3 of3:ALEXANDER FRIEDMAN
|
Surname |
FRIEDMAN |
|
First Name |
ALEXANDER |
|
Other Names |
None |
|
Marital Status |
Director |
|
ID Number |
3505055046002 |
|
Verified ID Number |
Yes |
|
Current Age |
77 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2001/07/01 |
|
Physical Address (at time of Appointment) |
25 Mountain Road Claremont CAPE TOWN 8000 |
|
Postal Address |
PO Box 23502 Claremont 7735 |
|
Current Email Address |
Unavailable |
|
Shareholding |
(if the principal owns shares) |
|
Current Tel Number |
02114381342 |
|
Cell Number |
0825693206 |
|
Current Fax number |
Unavailable |
Adverse Information forALEXANDER FRIEDMAN
Judgement
|
Number of
Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Business Information for ALEXANDER FRIEDMAN
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
JO-AL FARMING CC |
1987/006432/23 |
In Business |
25 Years 1 Months |
0 |
No |
|
TUBESTONE |
2000/028590/07 |
In Business |
11 Years 5 Months |
0 |
No |
Previous Business Interests
|
Average Age of
Previous Business Interests |
228 Years |
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
HIGHVELD CHEMICALS (PTY)LTD |
1956/002696/07 |
Deregistration
Final |
55 Years 6
Months |
0 |
No |
|
AGRIGOLD (PTY) LTD |
1962/004249/07 |
Deregistration
Final |
49 Years 5
Months |
0 |
No |
|
GERBER GOLDSCHMIDT GROUP (SA) (PTY) LTD |
1966/011255/07 |
In Business |
45 Years 5
Months |
0 |
No |
|
GERBER FASTENING SYSTEMS (PTY)LTD |
1972/003546/07 |
In Business |
40 years 1
Months |
0 |
No |
|
RABER INVESTMENTS (PTY)LTD |
1972/004614/07 |
Deregistration
Final |
39 Years 11
Months |
0 |
No |
Deeds Information
Property Interestsfor ALEXANDER FRIEDMAN
|
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.52.79 |
|
UK Pound |
1 |
Rs.85.17 |
|
Euro |
1 |
Rs.69.53 |
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.