|
Report Date : |
05.07.2012 |
IDENTIFICATION DETAILS
|
Name : |
TIMBER AND BORDS EXPRESS CC |
|
|
|
|
Registered Office : |
Parkmore Sandton 2196 |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
13.04.2007 |
|
|
|
|
Com. Reg. No.: |
2007/073332/23 |
|
|
|
|
Legal Form : |
Close Corporation |
|
|
|
|
Line of Business : |
Manufacture of Veneer Sheets; Manufacture of Plywood, Laminboard,
Particle Board and Other Panels and Boards |
|
|
|
|
No. of Employees : |
70-80 - Made up
of both waged and salaried |
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 |
TIMBER
AND BORDS EXPRESS (PTY) LTD |
|
Country |
SOUTH
AFRICA |
|
Subject Contact person |
ROB MILNE - Manager |
|
Assessment |
On
investigation we made contact with ROB MILNE the manager for the subject who assisted
with the information. The
company has been in operation since 1993, converting to a Close Corporation
in 2007. A
bank code could not be obtained as the banking details were not made
available as the subject considers the banking information to be confidential. The
trade references provided are unable to provide references as it is against
their company’s policy Please
see the information obtained below |
|
Registered Name |
TIMBER AND BORDS EXPRESS
CC |
|
Trading as/ Division Name |
WOODCENTRE |
|
Previous Name |
None |
|
Date of Name Change |
None |
|
Registration Number |
2007/073332/23 |
|
Registration Date |
13/04/2007 |
|
Date Commenced Trading |
1993 |
|
Age of Business |
19 Years |
|
History of Business |
The company was
registered in 1993 under the name TIMBER AND BORDS EXPRESS (PTY) LTD,
converting from a Private Company registration number (1993/007848/07) to a
Close Corporation in April 2007. |
|
History of Principals |
The members have
extensive experience in the wood merchant industry |
|
Shareholders and % holding |
60 % - PB DOWLING 30 % - C PEPPER 10 % - M HANNIGAN |
|
Members Contribution |
R60 R30 R10 |
|
Status |
In Business |
|
Operations Assessment |
Operates as a wood
merchant |
|
Industry/ Customers |
Construction Industry |
|
Export |
Unknown |
|
Major Industry Code / SICC |
32210 |
|
Definition of Code |
Manufacture Of Veneer
Sheets; Manufacture Of Plywood, Laminboard, Particle Board And Other Panels
And Boards |
|
Head Office Physical Address |
33-41 Fifteenth Street Eastgate Gardens
Commercial Park (off Marlboro Drive) Parkmore SANDTON 2196 |
|
Head Office Postal Address |
PO Box 103 Bergvlei SANDTON 2012 |
|
Current Tel Number |
011 2622662 |
|
Cell number |
083 2529854 |
|
Current Fax Number |
011 2622658 |
|
Current Email Address |
|
|
Web Site Address |
None |
|
Company Registered Name |
DRYSDALE AND ASSOCIATES |
|
Trading Name |
DRYSDALE |
|
Registration Number |
None |
|
Physical Address |
22 CHARLEMAGNE MALAN AVENUE MORNING HILL 2007 |
|
Postal Address |
22 CHARLEMAGNE MALAN AVENUE MORNING HILL 2007 |
|
Contact Number |
011 4766915 |
|
Email |
Unknown |
|
Principals |
Unknown |
|
Judgements Against Subject |
No information found on
file |
|
Judgements Against Principals |
No information found on
file |
|
Subject Verified as Client |
Yes |
|
Profession Number |
901737 |
|
VAT Number |
Unknown |
|
Tax Number |
Unknown |
|
BEE Status |
Unknown |
|
Financial Year End |
28th February |
|
Years With Auditors |
Unknown |
|
Website |
None |
|
Company Name |
Phone Number |
Time with previous auditors |
|
CARLOS PEREIRA AND ASSOCIATES INCORPORATED |
Unknown |
Unknown |
|
DRYSDALE AND PEREIRA |
Unknown |
Unknown |
|
Vat Number |
4950141707 |
|
Status |
Active |
|
Vat Liable Date |
01/03/1994 |
|
Tax Number |
9597619841 |
|
Tax Clearance Expire Date |
Unknown |
|
Financial Year End |
February |
|
Status |
Not Active |
|
Type of ISO Grade |
None |
|
Registered |
Yes |
|
Compliance Certified |
Yes |
Subsidiaries
|
Subsidiary Company |
None |
|
Number of
Employees |
70-80 - Made up
of both waged and salaried employees. |
Company Fleet |
No of vehicles: |
Owned/ Leased |
Value |
Outstanding Balance |
|
Fleet Operations |
|
|
|
|
|
The Fleet is made up of |
5 Vehicles |
|||
|
1. Light
Delivery Vehicles |
5 |
|
|
|
|
Offices |
|
Head Office Owned/ Rented |
Rented |
|
Rental Company |
EPPENDORF
PROPERTIES CC |
|
Owned by |
Members of the concern |
|
Value |
Confidential |
|
Bond |
Confidential |
|
Bank |
Confidential |
|
Lease Agreement |
None |
|
Lease Expire Date |
None |
|
Type of Premises |
Factory and Administration Office |
|
Branches Names |
Country |
Province |
|
None |
|
|
|
Level |
Position |
Name |
|
1 |
Managing Member |
PB DOWLING |
|
2 |
Member |
C PEPPER |
|
3 |
Member |
M HANNIGAN |
Note: One level up and
all levels down
|
Holding |
Company |
Sub |
|
60 % |
TIMBER AND BORDS
EXPRESS CC |
Unavailable |
|
30 % |
TIMBER AND BORDS
EXPRESS CC |
Unavailable |
|
10 % |
TIMBER AND BORDS
EXPRESS CC |
Unavailable |
|
Company |
Value |
Contact |
|
None |
|
|
|
Trade Reference nr |
Supplier |
Contact |
|
1 |
PG BISON |
011
9141500 |
|
2 |
SONAE NOVOBORD |
011 2361400 |
Trade References Detail
|
Nr |
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
|
1 |
Do |
Not |
Give |
Trade |
References |
|
|
|
2 |
Do |
Not |
Give |
Trade |
References |
|
|
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 |
Confidential |
|
Branch |
Confidential |
|
Bank Account Number |
Confidential |
|
Type of Account |
Cheque Account |
|
Account Name |
TIMBER AND BORDS EXPRESS CC t/a WOODCENTRE |
|
Overdraft Facilities |
Yes, the subject enjoys an overdraft facility which is secured by
personal guarantee by the members |
|
Date Opened |
Unknown |
|
Bank Code |
Unknown |
|
Bank Comment |
|
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 |
|
|
|
|
|
Property Interests for 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 Estimates
|
CURRENT ASSETS |
Confidential |
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 |
47 |
Active Principals
Principal 1 of 3: PETER BROUGHILL-DOWLING
|
Surname |
BROUGHILL-DOWLING |
|
First Name |
PETER |
|
Other Names |
None |
|
Marital Status |
Married |
|
ID Number |
5803145066009 |
|
Verified ID Number |
Yes |
|
Current Age |
54 |
|
Designation |
Member |
|
Status |
Active |
|
Appointment Date |
13/04/2007 |
|
Physical Address (at time of Appointment) |
27 Tonquani Estate Hiskett Road MAGALIESIG 2055 |
|
Postal Address |
P.O Box 2012 BERGVLEI 2012 |
|
Current Tel Number |
011 2622662 |
|
Cell number |
083 2529854 |
|
Current Fax Number |
011 2622658 |
|
Current Email Address |
|
|
Shareholding |
60% |
Adverse Information for: PETER
BROUGHILL-DOWLING
Judgement
|
Number of
Judgements |
None |
Debt
Review
|
Debt review |
None |
Other
|
Default data |
None |
Business
Information for: PETER BROUGHILL-DOWLING
Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
ORION TIMBERS AND BORDS CC |
1995/007686/23 |
In Business |
17 Years 5 Months |
0 |
No |
|
EXPS BORDS AND TIMBER CC |
2000/060080/23 |
In Business |
11 Years 9 Months |
0 |
No |
|
FUNKY TOWN INVESTMENTS NUMBER 7 CC |
2002/104750/23 |
In Business |
9 Years 7 Months |
0 |
No |
|
GEGE TRADING CC |
2003/091818/23 |
Deregistration Process |
8 Years 9 Months |
0 |
No |
|
KWIKCORP 3 CC |
2004/033650/23 |
In Business |
8 Years 3 Months |
1 |
No |
|
TIMBER AND BORDS EXPRESS CC |
2007/073332/23 |
In Business |
5 Years 3 Months |
0 |
No |
|
BRAVE MODE TRADING 1042 CC |
2007/188085/23 |
In Business |
4 Years 10 Months |
0 |
No |
|
DAM HOLIDAYS CC |
2008/190466/23 |
In Business |
3 Years 10 Months |
0 |
No |
|
BUNDLEWAY TRADE AND INVEST 1009 CC |
B2009/087056/23 |
In Business |
3 Years 2 Months |
0 |
No |
|
TREND MANIA 1043 CC |
B2009/088386/23 |
In Business |
3 Years 2 Months |
0 |
No |
|
CHANSON TRADING 1103 CC |
B2009/100866/23 |
In Business |
3 Years 2 Months |
0 |
No |
|
NATIONAL BOARD DISTRIBUTORS (PTY)LTD |
M2008/016172/07 |
In Business |
4 Years |
0 |
No |
Previous
Business Interests
|
Average Age of
Previous Business Interests |
9 Years 6 Months |
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
P DOWLING INVESTMENTS CC |
1999/066288/23 |
Deregistration Final |
12 Years 8 Months |
0 |
No |
|
WOODCENTRE F I F (PTY)LTD |
2002/009560/07 |
Deregistration Final |
10 Years 3 Months |
0 |
No |
|
JAZZ SPIRIT 1014 CC |
2002/075689/23 |
In Business |
9 Years 10 Months |
0 |
No |
|
WAVELENGTHS 1224 CC |
2002/086535/23 |
In Business |
9 Years 9 Months |
0 |
No |
|
EPPENDORF PROPERTIES CC |
B2007/071232/23 |
In Business |
5 Years 3 Months |
0 |
No |
Property
Interests for: PETER BROUGHILL-DOWLING
|
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
2 of 3: CHRISTOPHER PEPPER
|
Surname |
PEPPER |
|
First Name |
CHRISTOPHER |
|
Other Names |
None |
|
Marital Status |
Married |
|
ID Number |
6703315052087 |
|
Verified ID Number |
Yes |
|
Current Age |
45 |
|
Designation |
Member |
|
Status |
Active |
|
Appointment Date |
13/04/2007 |
|
Physical Address (at time of Appointment) |
79 LACHLAN
ROAD GLENFERNES MIDRAND 1685 |
|
Postal Address |
P.O Box 2012 BERGVLEI 2012 |
|
Current Tel Number |
011 2622662 |
|
Cell number |
083 2529854 |
|
Current Fax Number |
011 2622658 |
|
Current Email Address |
|
|
Shareholding |
30% |
Adverse
Information for CHRISTOPHER PEPPER
Judgement
|
Number of
Judgements |
None |
Debt
Review
|
Debt review |
None |
Other
|
Default data |
None |
Business
Information for CHRISTOPHER PEPPER
Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
ORION TIMBERS AND BORDS CC |
1995/007686/23 |
In Business |
17 Years 5 Months |
0 |
No |
|
EXPS BORDS AND TIMBER CC |
2000/060080/23 |
In Business |
11 Years 9 Months |
0 |
No |
|
KWIKCORP 3 CC |
2004/033650/23 |
In Business |
8 Years 3 Months |
0 |
No |
|
TIMBER AND BORDS EXPRESS CC |
2007/073332/23 |
In Business |
5 Years 3 Months |
0 |
No |
|
GEGE TRADING CC |
2003/091818/23 |
Deregistration Process |
8 Years 9 Months |
0 |
No |
|
EPPENDORF PROPERTIES CC |
B2007/071232/23 |
In Business |
5 Years 3 Months |
0 |
No |
|
TREND MANIA 1043 CC |
B2009/088386/23 |
In Business |
3 Years 2 Months |
0 |
No |
|
CHANSON TRADING 1103 CC |
B2009/100866/23 |
In Business |
3 Years 2 Months |
0 |
No |
|
NATIONAL BOARD DISTRIBUTORS (PTY)LTD |
M2008/016172/07 |
In Business |
4 Years |
0 |
No |
Previous
Business Interests
|
Average Age of
Previous Business Interests |
13 Years |
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
P DOWLING INVESTMENTS CC |
1999/066288/23 |
Deregistration Final |
12 Years 8 Months |
0 |
No |
|
WOODCENTRE F I F (PTY)LTD |
2002/009560/07 |
Deregistration Final |
10 Years 3 Months |
0 |
No |
|
GREYHAIR INVESTMENTS CC |
1996/032383/23 |
Deregistration Final |
16 Years |
0 |
No |
Property
Interests for CHRISTOPHER PEPPER
|
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 3 of 3: MARK HANNIGAN
|
Surname |
HANNIGAN |
|
First Name |
MARK |
|
Other Names |
None |
|
Marital Status |
Unmarried |
|
ID Number |
6810115122083 |
|
Verified ID Number |
Yes |
|
Current Age |
44 |
|
Designation |
Member |
|
Status |
Active |
|
Appointment Date |
13/04/2007 |
|
Physical Address (at time of Appointment) |
6 Spreeu Street RANDPARK RIDGE 2156 |
|
Postal Address |
P.O Box103 BERGVLEI 2012 |
|
Current Tel Number |
011 2622662 |
|
Cell number |
078 1200692 |
|
Current Fax Number |
011 2622658 |
|
Current Email Address |
|
|
Shareholding |
10% |
Adverse Information for MARK HANNIGAN
Judgement
|
Number of
Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Business Information for MARK HANNIGAN
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
ORION TIMBERS AND
BORDS CC |
1995/007686/23 |
In Business |
17 Years 5 Months |
0 |
No |
|
GEGE TRADING CC |
2003/091818/23 |
Deregistration Process |
8 Years 9 Months |
0 |
No |
|
TIMBER AND BORDS
EXPRESS CC |
2007/073332/23 |
In Business |
5 Years 3 Months |
0 |
No |
|
BRAVE MODE
TRADING 1042 CC |
2007/188085/23 |
In Business |
4 Years 10 Months |
0 |
No |
|
DAM HOLIDAYS CC |
2008/190466/23 |
In Business |
3 Years 10 Months |
0 |
No |
|
TIMBER AND BORDS
EXPRESS CC |
2007/073332/23 |
In Business |
5 Years 3 Months |
0 |
No |
|
TREND MANIA 1043 CC |
2009/088386/23 |
In Business |
3 Years 2 Months |
0 |
No |
Previous Business Interests
|
Average Age of
Previous Business Interests |
None |
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
P DOWLING
INVESTMENTS CC |
1999/066288/23 |
Deregistration Final |
12 Years 8 Months |
0 |
No |
|
WOODCENTRE F I F
(PTY)LTD |
2002/009560/07 |
Deregistration Final |
10 Years 3 Months |
0 |
No |
|
GREYHAIR INVESTMENTS CC |
1996/032383/23 |
Deregistration Final |
16 Years |
0 |
No |
|
EXPS BORDS AND TIMBER CC |
2000/0060080/23 |
In Business |
10 Years 3
Months |
0 |
No |
Property Interests for MARK HANNIGAN
|
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.54.55 |
|
|
1 |
Rs.85.48 |
|
Euro |
1 |
Rs.68.70 |
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.