MIRA INFORM REPORT

 

 

Report Date :

17.02.2012

 

IDENTIFICATION DETAILS

 

Name :

SOLID DOORS (PTY) LTD

 

 

Registered Office :

4 Coombe Palace Rivonia Sunninghill Park 2196

 

 

Country :

South Africa

 

 

Date of Incorporation :

13.11.1992

 

 

Com. Reg. No.:

1992/070386/07

 

 

Legal Form :

Private Company

 

 

Line of Business :

The subject is a door manufacturer and supplier of a wide range of timber related building supplies.

 

 

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 – September 30, 2011

 

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

South Africa

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 


Summary

 

Subject Name

SOLID DOORS (PTY) LTD

Country

SOUTH AFRICA

Requested Credit Limit

US$1 500 000

Enquiry Terms

D/A

Account Review

EVERY 6 MONTHS

Subject Contact person

MR NEIL CLACK- 011 2341901

 

 

 

Assessment

Total Credit Limit Exposure:

Total Suretyship:

Contact was made with MR NEIL CLACK , the Financial Manger and a shareholder of the company who declined to confirm the company’s information.

We have emailed a questionnaire with no reply and he further asked to know which company in India needs his company’s profile.

Please see the available information below.

 

Company Information

 

Registered Name

SOLID DOORS (PTY) LTD

Trading as/ Division Name

Unavailable

Previous Name

Unavailable

Date of Name Change

Unavailable

Registration Number

1992/070386/07

Registration Date

1992-11-13

Date Commenced Trading

1992-11-13

Age of Business

19 Years 3 Months

History of Business

Unavailable

History of Principals

Unavailable

Shareholders/Members/Partners of subject and  % holding

Unavailable

Authorised Share Capital

Unavailable

Issued Share Capital/Members Contribution

Unavailable

Status

This Business is Active

Operations Assessment

The subject is a door manufacturer and supplier of a wide range of timber related building supplies.

Industry/ Customers

Unavailable

Export

Unavailable

Major Industry Code / SICC

32299 Manufacturing

Definition of Code

Manufacture of other articles of wood

Head Office Physical Address

 

 

4 Coombe Palace

Rivonia

SUNNINGHILL PARK

2196

Head Office Postal Address

 

 

P O Box 2274

RIVNIA

2128

Current Tel Number

011 2341901

Cell number

Unavailable

Current Fax Number

011 2341925

Current Email Address

Unavailable

Web Site Address

Unavailable

 

 

Auditors Information

 

Company Registered Name

PKF SOUTH AFRICA INC INC

Trading Name

PKF (JHB)

Registration Number

2000/021729/21

Physical Address

SUITE 200 X30500

HOUGHTON

2041

Postal Address

Unavailable

Contact Person

Unavailable

Contact Number

Unavailable

Email

Unavailable

Principals

8 principals

Judgements Against Subject

None

Judgements Against Principals

None

Subject Verified as Client

Unavailable

SAICA number

Unavailable

VAT Number

Unavailable

Tax Number

9035236141

BEE Status

Unavailable

Financial Year End

December

Years With Auditors

Unavailable

Website

Unavailable

 

 

Previous Auditors

 

Company Name

Phone Number

Time with previous auditors

None

 

 


Tax Information

 

Vat Number

Unavailable

Status

 

Vat Liable Date

 

Tax Number

 

Tax Clearance Expire Date

 

Financial Year End

June

 

 

Black Economic Empowerment

 

Status

Unavailable

Score

 

Expire Date

 

BEE Certificate Available

Yes/No

 

 

ISO Status

 

Type of ISO Grade

Unavailable

ISO Certificate

Yes/No

ISO Certificate Available

Yes/No

Certified by an Accredited Agent

Yes/No

 

 

Workman’s compensation

 

Registered

Yes/No

Compliance Certified

Yes/No

 

 

Company Structure

Subsidiaries

 

Subsidiary Company

Unavailable

Shareholding

 

Registration Number

 

Import / Export

 

 

Subsidiary Company

Unavailable

Shareholding

 

Registration Number

 

Import / Export

 

 

Number of Employees

Unavailable

1.       Salaried employees

 

2.       Waged employees

 

3.       Permanent employees

 

4.       Casual employees

 

5.       Contracted employees

 

 



Company Fleet

No of vehicles:

Owned/ Leased

Value

Outstanding Balance

Fleet Operations

 

 

 

 

The Fleet is made up of

Unavailable

1.       Cars

 

 

 

 

2.       Light Delivery Vehicles

 

 

 

 

3.       Trailers

 

 

 

 

4.       Busses

 

 

 

 

5.       Trucks

 

 

 

 

6.       Fork Lifts

 

 

 

 

7.       Other

 

 

 

 

 

Offices

Unavailable

 

Branches Names

Country

Province

Unavailable

 

 

 


Branches Owned/ Rented

Unavailable

Rental Company

 

Owned

 

Value

 

 

Management Overview

Organisation chart

 

 

Company Structure (Ownership)

Note: One level up and all levels down

 

 

Trade References

 

Key deals signed within the past 12 months.

 

Company

Value

Contact

Unavailable

 

 

 

Trade Reference nr

Supplier

Contact

Surety Value

Notarial Bonds

1

Unavailable

 

 

 

        2 

 

 

 

 

 

Trade References Detail

Nr

Age of Acc

Credit Limit

Max Credit

Terms

Average Purchases

Terms Taken

Comment

1

Unavailable

 

 

 

 

 

 

2

 

 

 

 

 

 

 

3

 

 

 

 

 

 

 

 

 

Adverse Information on Subject

 

Judgements

Judgements

None

Possible Judgements

None

Civil Court

None

RDs

None

 

Business Rescue

Date registered

Business rescue practitioner

Contact Information

Details

None

 

 

 

 

Default Listings

Date

Details

None

 

 

Notarial Bonds

Date

Details

None

 

 

Bank Information

 

Bank

Unavailable

 

Bank Codes History

Date requested

Bank Code

Enquiry Amount

Number of RD’s

RD amount

RD Date

Bank Comments

Years with bank

None

 

 

 

 

 

 

 

 

Previous Bank Accounts

Banker

Branch Code

Account Holder

Account number

Date opened

Years with bank

None

 

 

 

 

 

 

 

Deeds Information

 

Property Interestsfor Company

Title Deed No.

None

Erf/Site No.

 

Deeds Office

 

Physical Address

 

Property Type

 

Extent / Size

 

Purchase Date

 

Purchase price

 

% Ownership

 

Bond Holder

 

Bond Number

 

Bond Amount

 

 

 

Financial Information

 

Financial Estimates

CURRENT ASSETS

Unavailable

Current Turnover per month

 

Current Turnover per annum

 

 

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

3

Average Age of Active Principals

71

 

 

Active Principals

 

Principal 1 of 3: NEIL CLACK

Surname

CLACK

First Name

NEIL

Other Names

None

Marital Status

Unavailable

ID Number

6001035261082

Verified ID Number

Yes

Current Age

52

Designation

Director

Status

Active

Appointment Date

2001-12-01

Physical Address (at time of Appointment)

12 Csledon Road

WILRO PARK EXT 6

1724

Postal Address

PO Box 2274

RIVONIA

2128

Current Tel Number

011 7685896

Cell number

083 6489360

Current Fax Number

Unavailable

Current Email Address

Unavailable

Shareholding

(if the principal owns shares)

 

Adverse Information for: NEIL CLACK

Judgement

Number of Judgements

None

 

Debt Review

Debt review

None

 

Other

Default data

None

 

Business Information for: NEIL CLACK

 

Current Business Interests

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

ROYALVILLE INVESTMENT (PTY) LTD

1970/002221/07

In Business

42 Years

0

No

 

Previous Business Interests

Average Age of Previous Business Interests

None

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

None

 

 

 

 

 

 

 

Deeds Information

 

Property Interestsfor: NEIL CLACK

Title Deed No.

T40522/2000

Erf/Site No.

 

Deeds Office

JOHANNESBURG

Physical Address

16 STEENBRAS WILRO PARK ROODEPOORT

Property Type

Freehold / Ervin

Extent / Size

1034.SQM

Purchase Date

2000-03-08

Purchase price

R 360 000,00

% Ownership

0.0000

Bond Holder

STANDARD BANK SA LTD

Bond Number

B232302000

Bond Amount

R 330 000,00

 

 

Principal 2of 3:IAN JEFFREY SENIOR

Surname

SENIOR

First Name

IAN

Other Names

JEFFREY

Marital Status

Unavailable

ID Number

4103045025008

Verified ID Number

No

Current Age

71

Designation

Director

Status

Active

Appointment Date

1994-03-15

Physical Address (at time of Appointment)

70-2nd Avenue

Inanda

SANDTON

2196

Postal Address

PO Box 2274

RIVONIA

2128

Current Tel Number

Unavailable

Cell number

Unavailable

Current Fax Number

Unavailable

Current Email Address

Unavailable

Shareholding

(if the principal owns shares)

 

Adverse Information for: IAN JEFFREY SENIOR

Judgement

Number of Judgements

None

 

Debt Review

Debt review

None

 

Other

Default data

None

 

Business Information for: IAN JEFFREY SENIOR

 

Current Business Interests

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

ROYALVILLE INVESTMENT (PTY) LTD

1970/002221/07

In Business

42 Years

0

No

 

Previous Business Interests

Average Age of Previous Business Interests

45 Years

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

SOLID DOORS (ADMINISTRATION) (PTY) LTD

1966/008249/07

Deregistration

Final

45 Years

5 Months

0

No

 

Deeds Information

Property Interestsfor: IAN JEFFREY SENIOR

Title Deed No.

None

Erf/Site No.

 

Deeds Office

 

Physical Address

 

Property Type

 

Extent / Size

 

Purchase Date

 

Purchase price

 

% Ownership

 

Bond Holder

 

Bond Number

 

Bond Amount

 

 

Principal 3of 3:BRIAN BROWN

Surname

BROWN

First Name

BRIAN

Other Names

None

Marital Status

Unavailable

ID Number

4612305080002

Verified ID Number

Yes

Current Age

66

Designation

Director

Status

Active

Appointment Date

1994-03-15

Physical Address (at time of Appointment)

28 Randpark Drive

Randpark Ridge Ext 3

RANDPARK

2194

Postal Address

PO Box 2274

RIVONIA

2128

Current Tel Number

011 2341901

Cell number

083 3260269

Current Fax Number

Unavailable

Current Email Address

Unavailable

Shareholding

(if the principal owns shares)

 

Adverse Information for: BRIAN BROWN

Judgement

Number of Judgements

None

 

Debt Review

Debt review

None

 

Other

Default data

None

 

Business Information for: BRIAN BROWN

 

Current Business Interests

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

ROYALVILLE INVESTMENT (PTY) LTD

1970/002221/07

In Business

42 Years

0

No

 

Previous Business Interests

Average Age of Previous Business Interests

45 Years

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

SOLID DOORS (ADMINISTRATION) (PTY) LTD

1966/008249/07

Deregistration

Final

45 Years

5 Months

0

No

 

 

Deeds Information

 

Property Interestsfor: BRIAN BROWN

Title Deed No.

None

Erf/Site No.

 

Deeds Office

 

Physical Address

 

Property Type

 

Extent / Size

 

Purchase Date

 

Purchase price

 

% Ownership

 

Bond Holder

 

Bond Number

 

Bond Amount

 

 

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.49.25

UK Pound

1

Rs.77.45

Euro

1

Rs.64.89

 

 

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.