|
Report Date : |
12.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
PROVAL
ACTUATION S A (PTY)LTD |
|
|
|
|
Registered Office : |
Unit 3 Orion
Place, Piet Bekker Street, Jet Park, BOKSBURG |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
19.09.2002 |
|
|
|
|
Reg. No.: |
M2002/023508/07 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Retail
Trade in Non Specialized Stores |
|
|
|
|
No. of Employees : |
20 |
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
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 Unemployment remains high and outdated infrastructure has constrained growth.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 |
PROVAL
ACTUATION SA (PTY)LTD |
|
Country |
South
Africa |
|
Subject
Contact Person |
SAAAANTHA
- FINANCIAL AAANAGER |
|
Assessment |
This
is a well-established business. On investigation contact was made with SAAAANTHA
the FINANCIAL AAANAGER of the subject. The subject is not a credit seeker
locally and imports majority of their goods. The subject is meeting its one
local commitment timeously. Please see the available information for the
subject below. |
|
Registered Name |
PROVAL ACTUATION S A (PTY)LTD |
|
Trading as/ Division Name |
PROVAL ACTUATION |
|
Date of Name Change |
Dec 4 2002 12:00AM |
|
Registration Number |
M2002/023508/07 |
|
Registration Date |
2002/09/19 |
|
Date Commenced Trading |
|
|
Age of Business |
10 Years 3 Months |
|
History of Business |
PROVAL ACTUATION SA (PTY)LTD was registered in September
2002 and operations commenced immediately. |
|
History of Principals |
There are 2 active directors within the subject |
|
Shareholders/Members/Partners of subject and % holding |
The shareholding percentage was not made available. |
|
Authorised Share Capital |
R1000.00 |
|
Issued Share Capital/Members Contribution |
R 100.00 |
|
Status |
In Business |
|
Operations Assessment |
The
concern operates as a supplier to distributors of Valve Automation products
and Control Valves to the Petro-Chemical,mining, Steel mills, Industrial
plants and Marine sector |
|
Industry/ Customers |
Petro-Chemical,mining, Steel mills, Industrial plants and
Marine |
|
Major Industry Code / SICC |
62190 |
|
Definition of Code |
OTHER RETAIL TRADE IN NON SPECIALIZED STORES |
|
Head Office Physical Address |
Unit 3 Orion Place, Piet Bekker Street, Jet Park, BOKSBURG |
|
Head Office Postal Address |
P.O. Box 14998, Bredell, 1623 |
|
Current Tel Number |
0113978850 |
|
Current Fax Number |
0113978873 |
|
Current Email Address |
|
|
Web Site Address |
|
Company Registered Name |
Mbh Financial Services |
|
Trading Name |
None |
|
Registration Number |
None |
|
Physical Address |
482 CLIFF Street, PRETORIA, Gauteng, 0181 |
|
Postal Address |
482 CLIFF Street, PRETORIA, Gauteng, 0181 |
|
Contact Number |
0123471462 |
|
Email |
|
|
Principals |
2 |
|
Judgements Against Subject |
No information on file |
|
Judgements Against Principals |
No information on file |
|
Subject Verified as Client |
|
|
Practice Number |
915440A |
|
No of years in Business |
2 |
Previous Auditor
|
Company Name |
Phone Number |
Time with previous auditors |
Comment |
|
DOUGLAS
DIX -PEEK AND COMPANY |
|
Unknown |
|
|
TANNENBAUM
WATSON ANDCO |
|
9 |
|
|
CHARLENE
ALHO |
|
6 |
|
|
Vat
Number |
4010204636 |
|
Status |
ACTIVE |
|
Vat
Liable Date |
2003/03/01 |
|
Tax
Number |
9196935143 |
|
Tax
Clearance Expire Date |
|
|
Financial
Year End |
February |
|
Comment |
|
|
Black
Economic Empowerment |
|
|
Status |
Yes |
|
Score |
1.00 |
|
Expire
Date |
|
|
BEE
Certificate Available |
Yes |
|
Comment |
|
|
ISO Status |
|
|
Type
of ISO Grade |
|
|
ISO
Certificate |
|
|
ISO
Certificate Available |
|
|
Certified
by an Accredited Agent |
|
|
Comment |
The
products sold are ISO certified |
|
Workman's
compensation |
|
|
Registered |
Yes |
|
Compliance
Certified |
Yes |
|
Comment |
|
Subsidiaries
Information - No Information on Record
|
Employees |
||||
|
Number
of Employees |
20 |
|||
|
1.
Salaried employees |
20 |
|||
|
2.
Waged employees |
0 |
|||
|
3.
Permanent employees |
0 |
|||
|
4.
Casual employees |
0 |
|||
|
5.
Contracted employees |
0 |
|||
|
Comment |
|
|||
|
Company
Fleet |
||||
|
Company
Fleet |
No
of vehicles: |
Ownerd/Leased |
Value |
Outstanding
Balance |
|
Fleet
Operations |
|
|
|
|
|
The
Fleet is made up of |
1 |
|||
|
Comment |
|
|||
|
Light
delivery Vehicles |
1 |
|
|
|
|
Offices |
Offices |
|
Head Office Owned/ Rented |
Leased |
|
Rental Company |
BROLL PROPERTIES |
|
Type of Premises |
OFFICE |
Branch
Information - No Information on Record
Organisation
Chart
|
Level |
Position |
Name |
Comment |
|
|
|||
|
1 |
AAANAGING
DIRECTOR |
RAYMOND
GEYSER |
|
Company
Structure Information - No Information on Record
Note: One level up and all levels
down
Key
Deals - No Information on Record
|
Trade
Reference nr |
Supplier |
Contact |
Surety
Value |
Notarial
Bonds |
Comment |
|
1 |
ALL
PROCUREMENT AND LOGISTICS SA |
0823991031 |
R0.00 |
0 |
|
Trade
References Detail
|
Nr |
Age
of Acc |
Credit
Limit |
Max
Credit |
Terms |
Average |
Terms
Taken |
Comment |
|
|
|
|
|
Purchases |
|
|
|
|
16
YEARS |
|
R
500000 |
30
DAYS |
R
250000 |
30
DAYS |
GOOD
ACCOUNT, |
|
|
|
|
|
|
|
|
THERE
IS NO CREDIT |
|
|
|
|
|
|
|
|
LIMIT
IN PLACE |
Judgements
|
Judgements |
0 |
|
Possible
Judgements |
0 |
|
Civil
Court |
0 |
|
RDs |
0 |
|
Comment |
No
Information on Record |
BusinessRescue
- No Information on Record
Default
Listing - No information on record
Notarial
Bonds - No information on record
|
Bank |
STANDARD BANK |
|
Branch |
GERMISTON |
|
Brach Code |
051001 |
|
Bank Account Number |
020398565 |
|
Type of Account |
CHEQUE ACCOUNT |
|
Account Name |
PROVAL ACTUATION S A (PTY)LTD |
|
Overdraft Facilities |
|
|
Bank Code |
C |
|
Bank Comment |
The subject's bankers consider them good for all business
normal engagements |
Bank
Code History - No Information on Record
Previous
Bank Account Information - No Information on Record
Deeds
Information - No information on record
Financial
Estimates
|
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 |
All
financial information was not made available |
|
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 |
3 |
|
Average
Age of Active Principals |
44 |
|
Active
Principals Principal - 1of 3 M BEATH |
|
|
Surname |
BEATH |
|
First
Name |
M |
|
Other
Names |
|
|
Marital
Status |
Married |
|
ID
Number |
6610010258085 |
|
Verified
ID Number |
Yes |
|
Current
Age |
46 |
|
Designation |
|
|
Status |
Active |
|
Appointment
Date |
2012/03/12 |
|
Physical
Address (at time of Appointment) |
121 BLUEBERRY CIRCLE, CORNWALL ESTATES, STAND
569, IRENE EXTENSION 10, 0062 |
|
Postal
Address |
UNIT
3 ORION PLACE, PIET BEKKER STREET, JET PARK, 1459 |
|
Current
Tel Number |
0118881747 |
|
Cell
number |
0834414323 |
|
Shareholding/Membership |
0.0000 |
Business
Information forM BEATH
Principal
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
GEOMECH
AFRICA (PTY) LTD |
2004/017482/07 |
In Business |
8 Years 8 Months |
0 |
No |
|
|
MBH SECRETARIAL SERVICES CC |
B2005/048373/23 |
In Business |
7 Years 7 Months |
0 |
No |
|
|
GREENWOOD
AAANOR BOUTIQUE HOTEL CC |
B2005/066005/23 |
In Business |
7 Years 7 Months |
0 |
No |
|
|
PROVAL ACTUATION S A (PTY) LTD |
M2002/023508/07 |
In Business |
10 Years 10 Months |
0 |
No |
|
|
DOUBLE RING TRADING 111 (PTY) LTD |
M2004/013517/07 |
Deregistration Process |
8 Years 8 Months |
1 |
No |
|
|
GEO
PILE AFRICA (PTY) LTD |
M2004/024719/07 |
In Business |
8 Years 8 Months |
0 |
No |
|
|
GEOCRUSH
(PTY) LTD |
M2004/024781/07 |
In Business |
8 Years 8 Months |
0 |
No |
|
Principal Previous Business Interest
Average age of Previous Business
8 Years
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
TALK 4 FREE CC |
B2005/157810/23 |
Conversion CO/CC
orCC/CO |
7 Years 7 Months |
0 |
No |
|
|
GENESIS POOLS CC |
B2005/157816/23 |
Deregistration
Final |
7 Years 7 Months |
0 |
No |
|
|
FIRST FACILITIES CC |
B2005/158212/23 |
In Business |
7 Years 7 Months |
0 |
No |
|
|
SIMPLY BUSINESS
TRADING 1 CC |
B2005/158285/23 |
In Business |
7 Years 7 Months |
0 |
No |
|
|
SIMPLY BUSINESS TRADING
2 CC |
B2005/158354/23 |
Deregistration
Final |
7 Years 7 Months |
1 |
No |
|
|
ESBOB (PTY)LTD |
M1963/003028/07 |
Conversion CO/CC
orCC/CO |
49 Years 1 Months |
0 |
No |
|
|
OTLHALIFILE TRADING
5 (PTY)LTD |
M2005/010451/07 |
Deregistration
Final |
7 Years 7 Months |
0 |
No |
|
|
ALL-XPO CARPETS
(PTY) LTD |
M2005/011035/07 |
Deregistration
Final |
7 Years 7 Months |
0 |
No |
|
|
EUROZONE COMMODITY SUPPLIES
(PTY) LTD |
M2005/013512/07 |
Conversion CO/CC
orCC/CO |
7 Years 7 Months |
0 |
No |
|
|
BLACK BOX
ADVERTISING (PTY) LTD |
M2005/015538/07 |
Deregistration
Final |
7 Years 7 Months |
0 |
No |
|
|
OTLHALIFILE TRADING
9 (PTY)LTD |
M2005/015861/07 |
In Business |
7 Years 7 Months |
0 |
No |
|
|
ICHALO (PTY)LTD |
M2005/016308/07 |
Deregistration Final |
7 Years 7 Months |
0 |
No |
|
|
GOLDEN CHANTELLE 31
(PTY) LTD |
M2005/016818/07 |
Deregistration
Final |
7 Years 7 Months |
0 |
No |
|
|
IMPACT SPORT AND
COACHING (PTY)LTD |
M2005/016832/07 |
Deregistration
Final |
7 Years 7 Months |
0 |
No |
|
|
GOLDEN TAU
DEVELOPMENTS (PTY) LTD |
M2005/016865/07 |
In Business |
7 Years 7 Months |
0 |
No |
|
|
JOINT ADVANCED
MANUFACTURING (PTY) LTD |
M2005/017496/07 |
Conversion CO/CC
orCC/CO |
7 Years 7 Months |
0 |
No |
|
|
SHARP MOVE TRADING
168 (PTY)LTD |
M2005/018560/07 |
Deregistration
Final |
7 Years 7 Months |
0 |
No |
|
|
MARKET DEMAND
TRADING 256 (PTY) LTD |
M2005/019671/07 |
In Business |
7 Years 7 Months |
0 |
No |
|
|
KEYSHADE (PTY)LTD |
M2005/020088/07 |
Deregistration
Final |
7 Years 7 Months |
0 |
No |
|
|
AFRIBOARD
ELECTRICAL (PTY)LTD |
M2005/020274/07 |
Conversion CO/CC
orCC/CO |
7 Years 7 Months |
0 |
No |
|
|
RICH REWARDS
TRADING 150 (PTY) LTD |
M2005/020457/07 |
Deregistration
Final |
7 Years 7 Months |
4 |
No |
|
|
AFRICANINDEX CONTACT
INFORMATION (PTY) LTD |
M2005/021304/07 |
Deregistration
Final |
7 Years 7 Months |
0 |
No |
|
|
GLOBAL PACT TRADING
293 (PTY) LTD |
M2005/023566/07 |
Deregistration
Final |
7 Years 7 Months |
0 |
No |
|
|
NATIONAL PRIDE
TRADING 288 (PTY) LTD |
M2005/027892/07 |
Deregistration
Final |
7 Years 7 Months |
2 |
No |
|
|
CARRERA SYSTEMS SA
(PTY) LTD |
M2005/027894/07 |
Deregistration
Final |
7 Years 7 Months |
0 |
No |
|
Principal's Deeds Information - No information on record
BUSHY DLAMINI
|
Surname |
DLAMINI |
|
First Name |
BUSHY |
|
Other Names |
NONE |
|
Marital Status |
Single |
|
ID Number |
8307235426088 |
|
Verified ID Number |
Yes |
|
Current Age |
29 |
|
Designation |
BUSINESSMAN |
|
Status |
Active |
|
Appointment Date |
2011/10/31 |
|
Physical Address
(at time of Appointment) |
474 TENNESSEE ROAD,
FAERIE GLEN, PRETORIA, 0081 |
|
Postal Address |
474 TENNESSEE ROAD,
FAERIE GLEN, PRETORIA, 0081 |
|
Current Tel Number |
0128070151 |
|
Cell number |
0721924674 |
|
Shareholding/Membership |
0.0000 |
Business Information forBUSHY DLAMINI
Principal Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
ALBA FABRICATION
SERVICES CC |
B2008/008933/23 |
In Business |
4 Years 4 Months |
0 |
No |
|
|
PROVAL ACTUATION S A (PTY)
LTD |
M2002/023508/07 |
In Business |
10 Years 10 Months |
0 |
No |
|
|
KGABU MOKGATLA
INVESTMENTS (PTY) LTD |
M2007/016376/07 |
In Business |
5 Years 5 Months |
0 |
No |
|
|
PRECIOUS PROSPECT TRADING
279 (PTY) LTD |
M2008/003645/07 |
In Business |
4 Years 4 Months |
0 |
No |
|
|
RENEWABLE ENERGY
TALENT (PTY) LTD |
M2008/007000/07 |
In Business |
4 Years 4 Months |
0 |
No |
|
Principal
Previous Business Interest
Average
age of Previous Business 7 Years
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
SCRUB TRADING CC |
B2005/009267/23 |
Deregistration
Final |
7 Years 7 Months |
0 |
No |
|
Principal's Deeds Information - No information on record
Previous Business Interest
RAYMOND GEYSER
|
Surname |
GEYSER |
|
First Name |
RAYMOND |
|
Other Names |
|
|
Marital Status |
Married |
|
ID Number |
5311105102087 |
|
Verified ID Number |
Yes |
|
Current Age |
59 |
|
Designation |
BUSINESSMAN |
|
Status |
Active |
|
Appointment Date |
2003/02/04 |
|
Physical Address
(at time of Appointment) |
PLOT 1/460 SHAMROCK
ROAD, BREDELL X2, 1623 |
|
Postal Address |
PO BOX 14998,
BREDELL, 1623 |
|
Current Tel Number |
0113978850 |
|
Cell number |
0834542369 |
|
Shareholding/Membership |
0.0000 |
Business
Information forRAYMOND GEYSER Principal Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
PROVAL
VALVE AUTOAAATION PROJECTS CC |
B2011/032581/23 |
In
Business |
1
Years 1 Months |
0 |
No |
|
|
PROVAL ACTUATION
S A (PTY) LTD |
M2002/023508/07 |
In
Business |
10
Years 10 Months |
0 |
No |
|
Principal Previous
Business Interest
Average age of
Previous Business 33 Years
|
Company
Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
AUTOMAX
SOUTH AFRICA (PTY)LTD |
M1959/001876/07 |
Deregistration
Final |
53
Years 5 Months |
1 |
No |
|
|
ACTUATOR
TECHNICAL SERVICES (PTY) LTD |
M1979/003987/07 |
Conversion
CO/CC orCC/CO |
33
Years 9 Months |
0 |
No |
|
|
PALTECHNOLOGIES
(PTY) LTD |
M1998/001881/07 |
In
Business |
14
Years 2 Months |
0 |
No |
|
Principal's
Deeds Information - No information on record
Previous
Business Interest
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.32 |
|
|
1 |
Rs.87.36 |
|
Euro |
1 |
Rs.70.36 |
INFORMATION DETAILS
|
Report
Prepared by : |
SDA |
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.