MIRA INFORM REPORT

 

 

Report Date :

06.08.2012

 

IDENTIFICATION DETAILS

 

Name :

FUCHS ELECTRONICS (PTY) LTD

 

 

Registered Office :

15 Combrink Street, Alrode, ALBERTON, GAUTENG, 1451

 

 

Country :

South Africa

 

 

Date of Incorporation :

13.12.1963

 

 

Com. Reg. No.:

M1963/007257/07

 

 

Legal Form :

Private Company

 

 

Line of Business :

subject designs and manufactures electronic time, point detonating and proximity fuzes and associated setting devices, utilising the latest digital (microprocessor) and analogue technology

 

 

No. of Employees :

Not Available 

 

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 :

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 – March 31st, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

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

FUCHS ELECTRONICS (PTY) LTD

Country

South Africa

Subject Contact Person

ROBERT ZANOLI - Financial Director

Assessment

On investigation we made contact with MR. ROBERT ZANOLI who declined to assist with any information as he would like to know who the principal enquirer is. This appears to be a well established business dating back to 1963 and is part of the REUNERT GROUP. Please find attached the group financials. Please see the available information for the subject below.

 

 

Company information

 

Registered Name

FUCHS ELECTRONICS (PTY)LTD

Date of Name Change

Dec 5 2008 12:00AM

Registration Number

M1963/007257/07

Registration Date

1963/12/13

Age of Business

48 Years 8 Months

History of Business

The subject was established in 1963 by a South African Doctor of Electronic and Electricals. FUCHS ELECTRONICS (PTY) LTD is a South African based company specialising in electronic fuzes since the early 1970'sFUCHS ELECTRONICS globally respected and recognised for its innovation and excellence as a supplier of electronic fuzes for various types of ordnance.

Shareholders/Members/Partners of subject and % holding

100 % - REUNERT GROUP

Authorised Share Capital

R1000.00

Issued Share Capital/Members Contribution

R 100.00

Status

In Business

Operations Assessment

Specialize in electronic fuses. The subject designs and manufactures electronic time, point detonating and proximity fuzes and associated setting devices, utilising the latest digital (microprocessor) and analogue technology.

Industry/ Customers

Defence Community (Military Artillery)

Export

Export

Major Industry Code / SICC

35790

Definition of Code

Manufacture of other special purpose machinery

Head Office Physical Address

15 Combrink Street, Alrode, ALBERTON, GAUTENG, 1451, SOUTH AFRICA

Head Office Postal Address

P.O. Box 57, ALBERTON, GAUTENG, 1450

Current Tel Number

0113894200

Cell Number

 

Current Fax Number

0113894300

Current Email Address

fuchsadmin@reutech.co.za

Web Site Address

www.fuchs.co.za

 

Auditors Information - No Information on Record Previous

 

Previous Auditors Information - No Information on Record

 

Tax information

Vat Number

4710105349

Status

ACTIVE

Vat Liable Date

1991/09/30

Tax Number

9225158717

Tax Clearance Expire Date

 

Financial Year End

September

Comment

 

 

Black Economic Empowerment Information - No Information on Record

ISO Status

Type of ISO Grade

9001

ISO Certificate

Yes

ISO Certificate Available

No

Certified by an Accredited Agent

Yes

Comment

 

Workman's compensation

Registered

Yes

Compliance Certified

Yes

Comment

 

 

 

Company information

 

Subsidiaries Information - No Information on Record

 

Employees Information - No Information on Record

 

Company Fleet Information - No Information on Record

 

Offices Information - No Information on Record

 

Branch Information - No Information on Record

 

Management Overview

 

Organisational Chart - No Information on Record

 

Company Structure (Ownership)

 

Note: One level up and all levels down

 

Holding

Company

Sub

Comment

100% - REUNERT GROUP

FUCHS ELECTRONICS (PTY) LTD

 

 

 

Key Deals - No Information on Record

 

Trade References Information - No Information on Record

 

 

Adverse Information on Subject

 

Judgements - No information on record

 

BusinessRescue - No Information on Record

 

Default Listing - No information on record

 

Notarial Bonds - No information on record

 

Bank Information - No Information on Record

 

Bank Code History - No Information on Record

 

Previous Bank Account Information - No Information on Record

 

Deeds Information - No information on record

 

 

Financial information

 

CURRENT ASSETS

 

Stock

 

Debtors

 

FIXED ASSETS

 

Plant, Equipment, Vehicles

 

Property

 

CURRENT LIABILITIES

 

Creditors

 

Loans/ From?

 

Loan Details

 

LONG TERM LIABILITIES

 

Morgage Bonds

 

Previous Year Turnover

 

Estimated Current Year Turnover

 

Current Turnover per month

 

Current Turnover per annum

 

Comment

Please see attached financials

 

 

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

6

Average Age of Active Principals

55

Active Principals Principal - 1 of 6 N CAMHEE

Surname

CAMHEE

First Name

N

Other Names

None

Marital Status

 

ID Number

8001040046088

Verified ID Number

No

Current Age

32

Designation

Director

Status

Active

Appointment Date

2011/04/01

Physical Address (at time of Appointment)

19 TITAAN ROAD, WILROPARK, 1724

Postal Address

P O BOX 784391, SANDTON, JOHANNESBURG, Gauteng, 2146

Current Tel Number

0115179000

Cell number

0733674425

Shareholding/Membership

0.0000

 

Principals adverse – no information on record

 

Business Information for N CAMHEE

 

Principal's Current Business Interests - No information on record

 

Principal's Previous Business Interests - No information on record

 

Principal's Deeds Information - No information on record

 

Principal - 2 of 6 GRAHAM FIELD

 

Surname

FIELD

First Name

GRAHAM

Other Names

 

Marital Status

 

ID Number

5110015077003

Verified ID Number

No

Current Age

61

Designation

Director

Status

Active

Appointment Date

1998/02/28

Physical Address (at time of Appointment)

36 WEBB STREET, BRACKENHURST, ALBERTON, 2128

Postal Address

P O BOX 784391, SANDTON, 2146

Current Tel Number

0115179052

Cell number

0836358928

Shareholding/Membership

0.0000

 

Principal's adverse - No information on record

 

Business Information for N CAMHEE

 

Principal's Current Business Interests - No information on record

 

Principal's Previous Business Interests - No information on record

 

Principal's Deeds Information - No information on record

 

Principal - 3 of 6

 

MICHAEL TUCKER

Surname

TUCKER

First Name

MICHAEL

Other Names

 

Marital Status

 

ID Number

6011305013006

Verified ID Number

Yes

Current Age

52

Designation

Director

Status

Active

Appointment Date

1998/01/07

Physical Address (at time of Appointment)

51 THIRD AVENEU, MELVILLE, 2092

Postal Address

P O BOX 57, ALBERTON, 1450

Current Tel Number

0113894270

Cell number

0828074354

Shareholding/Membership

0.0000

 

Principal's adverse - No information on record

 

Business Information for N CAMHEE

 

Principal's Current Business Interests - No information on record

 

Principal's Previous Business Interests - No information on record

 

Principal's Deeds Information - No information on record

 

Principal - 4 of 6  MALCOLM STOCK

Surname

STOCK

First Name

MALCOLM

Other Names

None

Marital Status

 

ID Number

5205275149102

Verified ID Number

Yes

Current Age

60

Designation

Director

Status

Active

Appointment Date

1998/01/07

Physical Address (at time of Appointment)

28 HARLEQUIN STREET, BRAKENHURST, ALBERTON, 1449

Postal Address

P O BOX 57, ALBERTON, 1450

Current Tel Number

0113894238

Cell number

0737675080

Shareholding/Membership

0.0000

 

Principal's adverse - No information on record

 

Business Information for N CAMHEE

 

Principal's Current Business Interests - No information on record

 

Principal's Previous Business Interests - No information on record

 

Principal's Deeds Information - No information on record

 

Principal - 5 of 6 JOHAN BEUKES

Surname

BEUKES

First Name

JOHAN

Other Names

None

Marital Status

 

ID Number

4907275054007

Verified ID Number

Yes

Current Age

63

Designation

Director

Status

Active

Appointment Date

1998/01/07

Physical Address (at time of Appointment)

191 DELPHINIUM STREET, BRACKENHURST, ALBERTON, 1449

Postal Address

P O BOX 57, ALBERTON, 1449

Current Tel Number

0113894201

Cell number

0784574188

Shareholding/Membership

0.0000

 

Principal's adverse - No information on record

 

Business Information for N CAMHEE

 

Principal's Current Business Interests - No information on record

 

Principal's Previous Business Interests - No information on record

 

Principal's Deeds Information - No information on record

 

Principal - 6 of 6  JOHN SIMMONDS

Surname

SIMMONDS

First Name

JOHN

Other Names

None

Marital Status

 

ID Number

4603315120086

Verified ID Number

Yes

Current Age

66

Designation

Director

Status

Active

Appointment Date

1982/08/26

Physical Address (at time of Appointment)

16 HAMMERKOP ROAD, RANDPARK RIDGE, 2156

Postal Address

LINCOLN WOOD OFFICE PARK, 6 WOODLANDS DRIVE, WOODMEAD, 2128

Current Tel Number

0115179000

Cell number

0828087889

Shareholding/Membership

0.0000

 

Principal's adverse - No information on record

 

Business Information for N CAMHEE

 

Principal's Current Business Interests - No information on record

 

Principal's Previous Business Interests - No information on record

 

Principal's Deeds Information - No information on record

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.56.08

UK Pound

1

Rs.87.03

Euro

1

Rs.68.36

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.