|
Report Date : |
17.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
IMPCO
ENGENEERING CC |
|
|
|
|
Registered Office : |
12
Piet Rotenbach Street, Rosland, Pretoria, 0116 |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
12.01.2009 |
|
|
|
|
Com. Reg. No.: |
2009/004304/23 |
|
|
|
|
Legal Form : |
Close Corporation |
|
|
|
|
Line of Business : |
Manufacture
and supplier of high performance drilling tools, Rock Drill Bits, Rock
Drills, Rock Drilling |
|
|
|
|
No. of Employees : |
15 |
RATING & COMMENTS
|
MIRAs Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No Complaints |
|
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 |
IMPCO
ENGINEERING |
|
Country |
South
Africa |
|
Subject
Contact Person |
KOBUS
DUVENAGE |
|
Assessment |
On
investigation we made contact with KOBUS DUVENAGE the owner of the subject
who assisted with the information. This appears to be a well established business
meeting payments timeously with the available supplier with an annual
turnover of over R 12 000 000 for the past year. A bank code could not be
obtained as the subjects banking information is considered confidential.
Please see the financial information for the company attached. We await
further information from the subjects trade references.Please see the
available information for the subject below. |
|
Registered
Name |
IMPCO
ENGENEERING CC |
|
Trading
as/ Division Name |
IMPCO |
|
Previous
Name |
|
|
Date
of Name Change |
|
|
Registration
Number |
2009/004304/23 |
|
Registration
Date |
2009/01/12 |
|
Date
Commenced Trading |
2009-01-12 |
|
Age
of Business |
3
Years 7 Months |
|
History
of Business |
The
subject was established as a new business in 2009 with international
experience. |
|
History
of Principals |
There
is currently 1 active member |
|
Shareholders/Members/Partners
of subject and % holding |
100
% - JACOBUS DUVENAGE |
|
Authorised
Share Capital |
R
10.00 |
|
Issued
Share Capital/Members Contribution |
R
10.00 |
|
Status |
In
Business |
|
Operations
Assessment |
Manufacture
and supplier of high performance drilling tools, Rock Drill Bits, Rock
Drills, Rock Drilling |
|
Industry/
Customers |
Mining
Industry |
|
Export |
|
|
Major
Industry Code / SICC |
35720 |
|
Definition
of Code |
Manufacture
of machine tools |
|
Head
Office Physical Address |
12
Piet Rotenbach Street, ROSLAND, PRETORIA, 0116 |
|
Head
Office Postal Address |
P.O.
BOX 18275, PRETORIA NORTH, 0116 |
|
Current
Tel Number |
0125410932 |
|
Cell
Number |
0827776780 |
|
Current
Fax Number |
0125469632 |
|
Current
Email Address |
|
|
Web Site Address |
|
|
Comments |
The
subject's website is currently under construction |
|
Company
Registered Name |
ROETMAN
FINANCIAL SERVICES |
|
Trading
Name |
H.CLAASSEN |
|
Registration
Number |
|
|
Physical
Address |
|
|
Postal
Address |
MALHERBE
STRAAT 177, CAPITAL PARK, PRETORIA, 0084 |
|
Contact
Person |
DWAYNE |
|
Contact
Number |
0125673521 |
|
Email |
|
|
Principals |
|
|
Judgements
Against Subject |
|
|
Judgements
Against Principals |
|
|
Subject
Verified as Client |
Yes |
|
Practice
Number |
18350 |
|
Financial
Year End |
|
|
No
of years in Business |
2 |
|
Website |
|
|
Comment |
The
auditor Dwayne, declined to assist with information regarding the company as
he believes the report is only for the subject and not on the auditor. |
|
Company Name |
Phone Number |
Time with previous auditors |
Comment |
|
YUSUF & ASSOCIATES |
|
3 |
|
|
YUSUF & ASSOCIATES |
|
3 |
|
|
Vat
Number |
4680252543 |
|
Status |
ACTIVE |
|
Vat
Liable Date |
2009/02/01 |
|
Tax
Number |
9222435183 |
|
Tax
Clearance Expire Date |
|
|
Financial
Year End |
February |
|
Comment |
The
subjects Tax certificate has expired, a new application has been made |
Black
Economic Empowerment Information - No Information on Record
ISO
Information - No Information on Record
Workman's
compensation
|
Registered |
Yes |
|
Compliance
Certified |
Yes |
|
Comment |
|
Subsidiaries
Information - No Information on Record
Employees
|
Number
of Employees |
15 |
|||
|
1.
Salaried employees |
15 |
|||
|
2.
Waged employees |
|
|||
|
3.
Permanent employees |
15 |
|||
|
4.
Casual employees |
|
|||
|
5.
Contracted employees |
|
|||
|
Comment |
|
|||
|
Company
Fleet |
||||
|
Company
Fleet |
No
of vehicles: |
Ownerd/Leased |
Value |
Outstanding
Balance |
|
Fleet
Operations |
|
|
|
|
|
The
Fleet is made up of |
3 |
|||
|
Comment |
|
|||
|
Cars |
1 |
Owned |
|
R
0.00 |
|
Light
delivery Vehicles |
2 |
Owned |
|
R
0.00 |
|
Offices |
Offices |
|
Head
Office Owned/ Rented |
Leased |
|
Rental
Company |
REDEFINED |
|
Lease
Agreement |
5
Years |
|
Lease
Expire Date |
2014 |
|
Type
of Premises |
Offices
, A Factory and Warehouses |
|
Comment |
|
Branch Information - No Information on Record
Management Overview
Organisation Chart
|
Level |
Position |
Name |
Comment |
|
1 |
Managing Member |
JACOBUS DUVENAGE |
|
Company Structure (Ownership)
Note: One level up and all levels down
Holding Company Sub Comment
100 % IMPCO ENGINEERING CC
Key Deals - No Information on Record
|
Trade Reference
nr |
Supplier |
Contact |
Surety Value |
Notarial
Bonds |
Comment |
|
1 |
FACTORIA
ENGINEERING |
0116646040 |
|
|
CONTACT : KEN |
|
2 |
PRO AXIS
ENGINEERING |
0114341500 |
|
|
CONTACT : TONY |
|
3 |
EXCEL CARGO |
0119759100 |
|
|
|
Trade reference
|
Nr |
Age
of Acc |
Credit
Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
|
1 |
|
|
|
|
|
|
Awaiting Trade
Reference |
|
2 |
|
|
|
|
|
|
Awaiting Trade
Reference |
|
3 |
6
MONTH |
R
450000.00 |
R 200000.00 |
30 |
R 300000 |
30 |
GOOD PAYER - MAY HAVE SOME SLOW
MONTHS |
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 |
FNB |
Bank Code
History - No Information on Record
Previous
Bank Account Information - No Information on Record
Deeds
Information - No information on record
|
CURRENT
ASSETS |
R12000000.00 |
|
Stock |
R
7500000.00 |
|
Debtors |
R
4500000.00 |
|
FIXED
ASSETS |
|
|
Plant,
Equipment, Vehicles |
R
3500000.00 |
|
Property |
|
|
CURRENT
LIABILITIES |
R1800000.00 |
|
Creditors |
R1300000.00 |
|
Loans/
From? |
R
500000.00 |
|
Loan
Details |
|
|
LONG
TERM LIABILITIES |
|
|
Morgage
Bonds |
|
|
Previous
Year Turnover |
R12700000.00 |
|
Estimated
Current Year Turnover |
R
21000000.00 |
|
Current
Turnover per month |
R1750000.00 |
|
Current
Turnover per annum |
R
21000000.00 |
|
Comment |
|
|
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 |
|
Number
of Principals |
1 |
|
Average
Age of Active Principals |
45 |
|
Number
of Principals |
1 |
|
Average
Age of Active Principals |
45 |
|
Active
Principals Principal - 1 of 2 JACOBUS DUVENAGE |
|
|
Surname |
DUVENAGE |
|
First
Name |
JACOBUS |
|
Other
Names |
JOHANNES |
|
Marital
Status |
Married |
|
ID
Number |
6709255199085 |
|
Verified
ID Number |
Yes |
|
Current
Age |
45 |
|
Designation |
Sole
Owner |
|
Status |
Active |
|
Appointment
Date |
2009/01/12 |
|
Physical
Address (at time of Appointment) |
750
FERO STREET, DORANDIA, PRETORIA NORTH, 0182 |
|
Postal
Address |
P.O.
BOX 18275, PRETORIA NORTH, 0116 |
|
Current
Tel Number |
0125410932 |
|
Cell
number |
0827776780 |
|
Shareholding/Membership |
100
% |
Principal's Adverse - No information on record
Business
Information for JACOBUS DUVENAGE
Principal
Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
IMPCO ENGENEERING
CC |
2009/004304/23 |
In Business |
3 Years 7 Months |
0 |
No |
|
Principal's
Previous Business Interests - No information on record
Principal's
Deeds Information - No information on record
Principal
- 2 of 2 JACOBUS DUVENAGE
|
Surname |
DUVENAGE |
|
First
Name |
JACOBUS |
|
Other
Names |
|
|
Marital
Status |
|
|
ID
Number |
6709255199085 |
|
Verified
ID Number |
Yes |
|
Current
Age |
45 |
|
Designation |
|
|
Status |
Active |
|
Appointment
Date |
2009/01/12 |
|
Physical
Address (at time of Appointment) |
750
FERO STREET, DORANDIA, PRETORIA NORTH, 0182 |
|
Postal
Address |
P.O.
BOX 18275, PRETORIA NORTH, 0116 |
|
Current
Tel Number |
0125410932 |
|
Cell
number |
0827776780 |
|
Shareholding/Membership |
100.0000 |
Principal's Adverse - No information on record
Business
Information for JACOBUS DUVENAGE
Principal
Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
IMPCO ENGENEERING
CC |
2009/004304/23 |
In Business |
3 Years 7 Months |
0 |
No |
|
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.55.99 |
|
|
1 |
Rs.87.55 |
|
Euro |
1 |
Rs.68.68 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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 SCs 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.