|
Report Date : |
30.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
ERNEST H JOHNSON (PTY)LTD |
|
|
|
|
Registered Office : |
258
Brunei RoadTulisa ParkJohannesburg2197 |
|
|
|
|
Country : |
South Africa |
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|
|
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Date of Incorporation : |
20.02.2003 |
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|
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Com. Reg. No.: |
M2003/004010/07 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Supply
of Mining Equipment |
|
|
|
|
No. of Employees : |
50-90 |
RATING & COMMENTS
|
MIRA’s 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 |
Ernest H Johnson (Pty) Ltd |
|
Country |
South Africa |
|
Subject Contact Person |
Louise |
|
Assessment |
This
is a well-established business. On investigation contact was made with a respondent
at the concern.The respondent declined to provide the banking details, trade
references and company structure information as the identity of the Principal
enquirer was requested. Please see the available information obtained below. |
|
Registered Name |
ERNEST H JOHNSON (PTY)LTD |
|
Trading as/ Division Name |
None |
|
Previous Name |
None |
|
Date of Name Change |
|
|
Registration Number |
M2003/004010/07 |
|
Registration Date |
2003/02/20 |
|
Date Commenced Trading |
2003-02-20 |
|
Age of Business |
9 Years 6 Months |
|
History of Business |
ERNEST
H JOHNSON (PTY)LTD was initially established in 1921, no further details with
regards to name changes or conversions were made available |
|
History of Principals |
Unavailable |
|
Shareholders/Members/Partners of subject and % holding |
Unavailable |
|
Authorised Share Capital |
R1000.00 |
|
Issued Share Capital/Members Contribution |
R 100.00 |
|
Status |
In Business |
|
Operations Assessment |
The
company is involved in importing and exporting tractor spares and mining
equipment as well as the manufacture of railway fasteners for South African
Railways (PROMAT) |
|
Industry/ Customers |
Transport and Mining Sector |
|
Export |
Import, Export |
|
Major Industry Code / SICC |
85291 |
|
Definition of Code |
SUPPLY OF MINING EQUIPMENT |
|
Head Office Physical Address |
258 Brunei RoadTulisa ParkJohannesburg2197 |
|
Head Office Postal Address |
PO Box 7536, Johannesburg, 2000 |
|
Current Tel Number |
011 613 8711/8 |
|
Cell Number |
0723989569 |
|
Current Fax Number |
011 623 1855 |
|
Current Email Address |
|
|
Web Site Address |
|
|
Comments |
The
address below was the auditors previous address 30 JELLICOE AVENUE TAARIQ
CRESCENT ROSEBANK 2196 |
|
Company Registered Name |
KAROLIA JEENA INCORPORATED |
|
Trading Name |
KAROLIA JEENA INC |
|
Registration Number |
2000/007138/21 |
|
Physical Address |
NSI House 2nd Floor 8A Keyes Avenue ROSEBANK |
|
Postal Address |
PRIVATE BAG X2677 SAXONWOLD 2132 |
|
Contact Person |
|
|
Contact Number |
011 537 3700 |
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Email |
|
|
Principals |
3 |
|
Judgements Against Subject |
No information found on file |
|
Judgements Against Principals |
No information found on file |
|
Subject Verified as Client |
Yes |
|
Practice Number |
920037e |
|
VAT Number |
4830188605 |
|
Tax Number |
|
|
BEE Status |
|
|
Financial Year End |
|
|
No of years in Business |
2 |
|
Website |
|
|
Comment |
|
Previous Auditors
|
Company Name |
Phone Number |
Time with previous
auditors |
Comment |
|
AAALHERBE LOURENS |
|
Unknown |
|
|
BDO SPENCER STEWARD
(JHB)INC |
|
Unknown |
|
|
BDO SOUTH AFRICA
INC |
|
2 |
|
|
Vat Number |
4780207843 |
|
Status |
ACTIVE |
|
Vat Liable Date |
2003/06/01 |
|
Tax Number |
9545287154 |
|
Tax Clearance Expire Date |
|
|
Financial Year End |
June |
|
Comment |
|
|
Black Economic Empowerment |
|
|
Status |
No |
|
Score |
|
|
Expire Date |
|
|
BEE Certificate Available |
|
|
Comment |
In the process of becoming BEE Compliant |
|
ISO Status |
|
|
Type of ISO Grade |
|
|
ISO Certificate |
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|
ISO Certificate Available |
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|
Certified by an Accredited Agent |
|
|
Comment |
Some of the products imported are ISO Certified |
|
Workman's compensation |
|
|
Registered |
Yes |
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Compliance Certified |
Yes |
|
Comment |
|
Subsidiaries
Information - No Information on Record
|
Employees |
||||
|
Number of Employees |
50-90 |
|||
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1. Salaried employees |
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|||
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2. Waged employees |
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|||
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3. Permanent employees |
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|||
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4. Casual employees |
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|||
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5. Contracted employees |
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|||
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Comment |
The staff breakdown was not made available |
|||
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Company Fleet |
||||
|
Company Fleet |
No of vehicles: |
Ownerd/Leased |
Value |
Outstanding Balance |
|
Fleet Operations |
|
|
|
|
|
The Fleet is made up of |
|
|||
|
Comment |
Further details were not
made available |
|||
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Trucks |
|
|
|
|
Offices Information -
No Information on Record
Branch Information -
No Information on Record
Organisational Chart - No Information on Record
Company Structure Informatio n - No Information on Record
Note: One level up and all levels down
Key Deals - No Info rmation on Record
Trade References Information - No Information on Record
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 Informat ion - No Information on Record
Deeds Information - No information on record
Financial Estimates
|
CURRENT ASSETS |
|
|
Stock |
|
|
Debtors |
|
|
FIXED ASSETS |
|
|
Plant, Equipment, Vehicles |
|
|
Property |
|
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CURRENT LIABILITIES |
|
|
Creditors |
|
|
Loans/ From? |
|
|
Loan Details |
|
|
LONG TERM LIABILITIES |
|
|
Morgage Bonds |
|
|
Previous Year Turnover |
|
|
Estimated Current Year Turnover |
|
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Current Turnover per month |
|
|
Current Turnover per annum |
R 500000.00 |
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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 |
Principals
|
Number of Principals |
2 |
|
Average Age of Active Principals |
66 |
|
Active
Principals Principal - 1of 2 RAMESH MORAR |
|
|
Surname |
MORAR |
|
First Name |
RAMESH |
|
Other Names |
DAYA |
|
Marital Status |
Married |
|
ID Number |
4610215062052 |
|
Verified ID Number |
Yes |
|
Current Age |
66 |
|
Designation |
ACCOUNTANT |
|
Status |
Active |
|
Appointment Date |
2003/02/20 |
|
Physical Address (at time of Appointment) |
58 NORTH AVENUE, BEZUIDENHOUT VALLEY, 2094 |
|
Postal Address |
P 0 BOX 7536, JHB, 2000 |
|
Current Tel Number |
0116138711 |
|
Cell number |
0723989569 |
|
Shareholding/Membership |
0.0000 |
Principal's Adverse - No information on record
Business Information forR AMESH MORAR
Principal Current Business Interests
|
Company Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
ERNEST H JOHNSON (PTY)LTD |
M2003/004010/07 |
In
Business |
9
Years 9 Months |
0 |
No |
|
|
HARDI
CROP PROTECTION SA (PTY) LTD |
M2003/004510/07 |
In
Business |
9
Years 9 Months |
0 |
No |
|
Principal Previous Business Interests
Average Age of
Previous Business 17 Years
|
Company Name |
Registration No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
JAYMIN
PROPERTIES CC |
B1987/009834/23 |
Deregistration
Final |
25
Years 1 Months |
0 |
No |
|
|
AIRMODE CC |
B1994/002630/23 |
Deregistration
Final |
18
Years 6 Months |
0 |
No |
|
|
BARRY'S HOLDINGS CC |
B1994/002633/23 |
Deregistration
Final |
18
Years 6 Months |
0 |
No |
|
|
RDM
RADIATOR SERVICES CC |
B1997/053077/23 |
In Business |
15
Years 3 Months |
0 |
No |
|
|
SNOWY OWL PROPERTIES 271 (PTY) LTD |
M2003/004544/07 |
Deregistration
Final |
9 Years 9 Months |
0 |
No |
|
Principal's Deeds Information - No information on record
Principal
- 2of 2 Juned PAHAD
|
Surname |
PAHAD |
|
First Name |
Juned |
|
Other Names |
None |
|
Marital Status |
Divorced |
|
ID Number |
4502285075082 |
|
Verified ID Number |
Yes |
|
Current Age |
67 |
|
Designation |
MANAGER |
|
Status |
Active |
|
Appointment Date |
2003/02/20 |
|
Physical Address (at time of Appointment) |
41 4TH AVENUE, MAYFAIR, 2092 |
|
Postal Address |
P 0 BOX 42106, FORDSBURG, 2033 |
|
Current Tel Number |
0116138711 |
|
Cell number |
0825768401 |
|
Shareholding/Membership |
0.0000 |
Principal's Adverse - No information on record
Business Information forJ uned PAHAD
Principal Current Business Interests
|
Company Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
MASJID-ASH-SHIFA A |
M1999/024245/08 |
In
Business |
13 Years 1 Months |
0 |
No |
|
|
ERNEST H JOHNSON (PTY)LTD |
M2003/004010/07 |
In
Business |
9
Years 9 Months |
0 |
No |
|
|
HARDI CROP PROTECTION SA (PTY) LTD |
M2003/004510/07 |
In
Business |
9
Years 9 Months |
0 |
No |
|
Principal Previous Business Interests
Average Age of Previous Business 19 Years
|
Company Name |
Registration No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
JILANI STORES CC |
B1986/006926/23 |
Deregistration
Final |
26
Years 2 Months |
0 |
No |
|
|
Z AND F INVESTMENTS CC |
B1987/009369/23 |
Deregistration
Final |
25
Years 1 Months |
0 |
No |
|
|
F
AND Y COTTAGE BAKERY CC |
B1992/033718/23 |
In Business |
20
Years 8 Months |
0 |
No |
|
|
AIRMODE CC |
B1994/002630/23 |
Deregistration
Final |
18
Years 6 Months |
0 |
No |
|
|
BARRY'S HOLDINGS CC |
B1994/002633/23 |
Deregistration
Final |
18
Years 6 Months |
0 |
No |
|
|
SNOWY OWL PROPERTIES 271 (PTY) LTD |
M2003/004544/07 |
Deregistration
Final |
9 Years 9 Months |
0 |
No |
|
Principal's Deeds Information - No information on record
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.66 |
|
|
1 |
Rs.88.04 |
|
Euro |
1 |
Rs.69.91 |
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
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.