MIRA INFORM REPORT

 

 

Report Date :

07.12.2012

 

IDENTIFICATION DETAILS

 

Name :

ALFA INTERNATIONAL (PTY)LTD

 

 

Registered Office :

229 South Main Reef Rd, Springs, Gauteng, 1559

 

 

Country :

South Africa

 

 

Date of Incorporation :

28.02.1966

 

 

Com. Reg. No.:

M1966/001605/07

 

 

Legal Form :

Private Company

 

 

Line of Business :

Not Available 

 

 

No. of Employees :

Not Available 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

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 – June 30th, 2012

                                                   

Country Name

Previous Rating

(31.03.2012)

Current Rating

(30.06.2012)

South Africa

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

South Africa - ECONOMIC OVERVIEW

 

south Africa is a middle-income, emerging market with an abundant supply of natural resources; well-developed financial, legal, communications, energy, and transport sectors; a stock exchange that is the 18th largest in the world; and modern infrastructure supporting a relatively efficient distribution of goods to major urban centers throughout the region. Growth was robust from 2004 to 2007 as South Africa reaped the benefits of macroeconomic stability and a global commodities boom but began to slow in the second half of 2007 due to an electricity crisis and the subsequent global financial crisis' impact on commodity prices and demand. GDP fell nearly 2% in 2009 but recovered in 2010-11. Unemployment remains high and outdated infrastructure has constrained growth. State power supplier Eskom encountered problems with aging plants and meeting electricity demand necessitating "load-shedding" cuts in 2007 and 2008 to residents and businesses in the major cities. Daunting economic problems remain from the apartheid era - especially poverty, lack of economic empowerment among the disadvantaged groups, and a shortage of public transportation. South Africa''s economic policy is fiscally conservative focusing on controlling inflation and attaining a budget surplus. The current government largely follows these prudent policies but must contend with the impact of the global crisis and is facing growing pressure from special interest groups to use state-owned enterprises to deliver basic services to low-income areas and to increase job growth.

 

 

Source : CIA

 

 

 

Subject Name

ALFA INTERNATIONAL (PTY)LTD

Country

South Africa

Subject Contact Person

PAUL NET - 0118154200

Assessment

On investigation we made contact with PAUL NET the director who declined to assist with the subject's information.

 

MR. NET requested the name of the principal enquirer and reason for the enquiry before he may assist.

 

The director deems the information sensitive and feels uncomfortable providing any information whatsoever.

 

Please see the available information for the subject below.

 

 

Company Information

 

Registered Name

ALFA INTERNATIONAL (PTY)LTD

Registration Number

M1966/001605/07

Registration Date

1966/02/28

Age of Business

46 Years 9 Months

Status

In Business

Major Industry Code / SICC

9000

Definition of Code

Other activities not adequately defined.

Head Office Physical Address

229 South Main Reef Rd, SPRINGS, GAUTENG, 1559

Head Office Postal Address

P O BOX 190, SPRINGS, 1560

Current Tel Number

0118154200

Current Fax Number

0866042405

 

Auditors Information - N o Information on Record

Previous Auditors

Company Name

Phone Number

Time with previous auditors

Comment

FORDHAM ANDOSHRY

 

Unknown

 

FORDHAM & OSHRY INC.

 

6

 

NOLANDS JHB

 

1

 

 

 

Tax Information

 

Vat Number

4350104958

Status

ACTIVE

Vat Liable Date

1991/09/30

Tax Number

9021042842

Financial Year End

December

 

Black Economic Empowerment Information - No Information on Record

 

ISO Information - No Information on Record

 

Work Mans Information - No Information on Record

 

 

Company Structure

 

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 Information - No Information on Record

Note: One level up and all levels down

 

Key Deals - No Information on Record

 

Trade References Information - No Information on Record

 

 

Adverse Information on Subject

 

Business Rescue - No Information on Record

 

Judgements - 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

 

 

Principals

 

Number of Principals

6

Average Age of Active Principals

64

 

Active Principals Principal - 1of 6 J HOUGHTON

Surname

HOUGHTON

First Name

J

ID Number

5106305108086

Verified ID Number

Yes

Current Age

61

Designation

BUSINESSMAN

Status

Active

Appointment Date

2010/01/01

Physical Address (at time of Appointment)

28 BOEKENHOUT AVENUE, DAL FOUCHE, SPRINGS, 1559

Postal Address

P O BOX 4035, SPRINGS, 1560

Current Tel Number

0118154200

Cell number

0823433282

Shareholding/Membership

0.0000

 

Principal's Adverse - No information on record

 

Business Information for J HOUGHTON

 

Principal Current Business Interests

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

ALFA

INTERNATIONAL (PTY) LTD

M1966/001605/07

In Business

46 Years 10 Months

0

No

 

ALLFRICTION (PTY) LTD

M2008/013796/07

In Business

4 Years 4 Months

0

No

 

 

Principal's Deeds Information - No information on record

 

Principal - 2of 6 PETER NEWBERY

Surname

NEWBERY

First Name

PETER

ID Number

4806035032180

Verified ID Number

Yes

Current Age

64

Designation

EXECUTIVE DIRECTOR

Status

Active

Appointment Date

2008/05/08

Physical Address (at time of Appointment)

1212 EDGEHILL LANE, QUEENSWOOD, 0186

Postal Address

P O BOX 75003, GARDENVIEW, 2047

Current Tel Number

0113652921

Cell number

0797773763

Shareholding/Membership

0.0000

 

Principal's Adverse - No information on record

 

Business Information for PETER NEWBERY

 

Principal Current Business Interests

 

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

ALFA

INTERNATIONAL (PTY) LTD

M1966/001605/07

In Business

46 Years 10 Months

0

No

 

 

Principal Previous Business Interests

 

Average Age of Previous Business                       2 Years

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

PAROW DISTRIBUTORS (PTY) LTD

M2010/015230/07

In Business

2 Years 2 Months

0

No

 

 

Principal - 3of 6 PAUL NEL

Surname

NEL

First Name

PAUL

ID Number

5705145118088

Verified ID Number

Yes

Current Age

55

Designation

BUSINESSMAN

Status

Active

Appointment Date

2008/01/01

Physical Address (at time of Appointment)

UNIT 41 BAKER, ESTATE 7, BAKER ROAD, SPRINGS, 1559

Postal Address

P O BOX 190, SPRINGS, SPRINGS, GAUTENG, 1560

Current Tel Number

0113652900

Cell number

0825782708

Shareholding/Membership

0.0000

 

Principal's Adverse - No information on record

 

Business Information for PAUL NEL

 

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

ALFA

INTERNATIONAL (PTY) LTD

M1966/001605/07

In Business

46 Years 10 Months

0

No

 

CUBENCO PARTS (PTY) LTD

M2005/012174/07

In Business

7 Years 7 Months

0

No

 

LURAAAA PARTS (PTY) LTD

M2005/012207/07

In Business

7 Years 7 Months

0

No

 

GALACTIC PARTS (PTY) LTD

M2005/012246/07

In Business

7 Years 7 Months

0

No

 

ALLFRICTION (PTY) LTD

M2008/013796/07

In Business

4 Years 4 Months

0

No

 

PASOL

DISTRIBUTORS (PTY) LTD

M2009/008816/07

In Business

3 Years 3 Months

0

No

 

PAROW DISTRIBUTORS (PTY) LTD

M2010/015230/07

In Business

2 Years 2 Months

0

No

 

 

Principal Previous Business Interests

 

Average Age of Previous Business                                   11 Years

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

FOWLER STREET PROPERTIES CC

B1997/014719/23

Deregistration Final

15 Years 3 Months

0

No

 

MOUNTAIN PARTS (PTY) LTD

M2005/041556/07

Deregistration Final

7 Years 7 Months

0

No

 

 

Principal's Deeds Information - No information on record

 

Principal - 4of 6 GUIDO WIGELE

 

 

Surname

WIGELE

First Name

GUIDO

ID Number

6310205018085

Verified ID Number

No

Current Age

49

Designation

BUSINESSMAN

Status

Active

Appointment Date

2005/01/03

Physical Address (at time of Appointment)

72 NIGEL ROAD, SELECTION PARK, SPRINGS, 1559

Postal Address

P O BOX 2319, SPRINGS, 1560

Current Tel Number

0113625422

Cell number

0832870658

Shareholding/Membership

0.0000

 

Principal's Adverse - No information on record

 

Business Information for GUIDO WIGELE

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

ALFA

INTERNATIONAL (PTY) LTD

M1966/001605/07

In Business

46 Years 10 Months

0

No

 

INSTRUMATICS (PTY) LTD

M1975/001544/07

In Business

37 Years 1 Months

0

No

 

WIGELE AND TURNER INVESTMENTS (PTY) LTD

M2000/003547/07

In Business

0

0

No

 

 

Principal Previous Business Interests

 

Average Age of Previous Business                       12 Years

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

GUIDO

MANUFACTURING TECHNOLOGY CONSULTANTS CC

B1989/037154/23

Deregistration Final

23 Years 11 Months

0

No

 

PAROW DISTRIBUTORS (PTY) LTD

M2010/015230/07

In Business

2 Years 2 Months

0

No

 

 

Principal's Deeds Information - No information on record

 

Principal - 5of 6 NORMAN TURNER

 

Surname

TURNER

First Name

NORMAN

ID Number

3404305045107

Verified ID Number

Yes

Current Age

78

Designation

Director

Status

Active

Appointment Date

1978/01/09

Physical Address (at time of Appointment)

P O BOX 190, SPRINGS, 1560

Postal Address

P O BOX 190, SPRINGS, 1560

Cell number

0823731612

Shareholding/Membership

0.0000

 

Principal's Adverse - No information on record

 

Business Information for NORMAN TURNER

 

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

HEINRICK'S PROPERTIES SPRINGS (PTY)LTD

M1964/002791/07

In Business

0

0

No

 

ALFA

INTERNATIONAL (PTY) LTD

M1966/001605/07

In Business

46 Years 10 Months

0

No

 

WIREMAID (PTY) LTD

M1967/013074/07

In Business

45 Years 9 Months

0

No

 

JOVER PROPERTIES (PTY) LTD

M1973/015580/07

In Business

39 Years 3 Months

0

No

 

INSTRUMATICS (PTY) LTD

M1975/001544/07

In Business

37 Years 1 Months

0

No

 

VERLOR (PTY)LTD

M1979/003613/07

In Business

33 Years 9 Months

0

No

 

WIGELE AND TURNER INVESTMENTS (PTY) LTD

M2000/003547/07

In Business

0

0

No

 

OLEBER PROPERTIES (PTY) LTD

M2000/017163/07

In Business

0

0

No

 

QUICKVEST 203 (PTY) LTD

M2004/014389/07

In Business

8 Years 8 Months

0

No

 

CUBENCO PARTS (PTY) LTD

M2005/012174/07

In Business

7 Years 7 Months

0

No

 

LURAMA PARTS (PTY) LTD

M2005/012207/07

In Business

7 Years 7 Months

0

No

 

GALACTIC PARTS (PTY) LTD

M2005/012246/07

In Business

7 Years 7 Months

0

No

 

ALLFRICTION (PTY) LTD

M2008/013796/07

In Business

4 Years 4 Months

0

No

 

PASOL

DISTRIBUTORS (PTY) LTD

M2009/008816/07

In Business

3 Years 3 Months

0

No

 

PAROW DISTRIBUTORS (PTY) LTD

M2010/015230/07

In Business

2 Years 2 Months

0

No

 

 

Principal Previous Business Interests

 

Average Age of Previous Business                                                           7 Years

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

MOUNTAIN PARTS

M2005/041556/07

Deregistration

7 Years 7 Months

0

No

 

(PTY) LTD

 

Final

 

 

 

 

Principal's Deeds Information - No information on record

Principal - 6of 6 JOSEF WIGELE

Surname

WIGELE

First Name

JOSEF

ID Number

3008185031101

Verified ID Number

Yes

Current Age

82

Designation

Director

Status

Active

Appointment Date

1966/02/28

Physical Address (at time of Appointment)

42 MAIN ROAD, SPRINGS EXTENSION, 1560

Postal Address

P O BOX 190, SPRINGS, 1560

Shareholding/Membership

0.0000

 

Principal's Adverse - No information on record

 

Business Information for JOSEF WIGELE

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

HEINRICK'S PROPERTIES SPRINGS (PTY)LTD

M1964/002791/07

In Business

0

0

No

 

ALFA

INTERNATIONAL (PTY) LTD

M1966/001605/07

In Business

46 Years 10 Months

0

No

 

WIREMAID (PTY) LTD

M1967/013074/07

In Business

45 Years 9 Months

0

No

 

JOVER PROPERTIES (PTY) LTD

M1973/015580/07

In Business

39 Years 3 Months

0

No

 

INSTRUMATICS (PTY) LTD

M1975/001544/07

In Business

37 Years 1 Months

0

No

 

VERLOR (PTY)LTD

M1979/003613/07

In Business

33 Years 9 Months

0

No

 

WIGELE AND TURNER INVESTMENTS (PTY) LTD

M2000/003547/07

In Business

0

0

No

 

OLEBER PROPERTIES (PTY) LTD

M2000/017163/07

In Business

0

0

No

 

QUICKVEST 203 (PTY) LTD

M2004/014389/07

In Business

8 Years 8 Months

0

No

 

ALLFRICTION (PTY) LTD

M2008/013796/07

In Business

4 Years 4 Months

0

No

 

 

Principal's Deeds Information - No information on record

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.54.47

UK Pound

1

Rs.87.63

Euro

1

Rs.71.12

 

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.