|
Report Date : |
24.07.2012 |
IDENTIFICATION DETAILS
|
Name : |
SOLIDFEEL
ACCESS FLOORING (PTY) LTD |
|
|
|
|
Registered Office : |
6 Crompton
Road Germiston South 1401, |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
27.08.2003 |
|
|
|
|
Com. Reg. No.: |
2003/020826/07 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Manufacture
of refractory ceramic products |
|
|
|
|
No. of Employees : |
08 |
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 – September 30, 2011
|
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 |
SOLIDFEEL
ACCESS FLOORING (PTY) LTD |
|
Country |
SOUTH
AFRICA |
|
Enquiry
Terms |
30 DAYS |
|
Account
Review |
6 MONTHS |
|
Subject
Contact Person |
JACOBUS
BOSHOFF-0118734582 |
|
Assessment |
This is a
well-established business. The main suppliers to the subject do not give
trade references. We were unable to obtain the bank code as bank details were
not given. Please see available information below. |
|
Registered
Name |
SOLIDFEEL
ACCESS FLOORING (PTY) LTD |
|
Trading
as/ Division Name |
None |
|
Previous
Name |
None |
|
Date of
Name Change |
None |
|
Registration
Number |
2003/020826/07 |
|
Registration
Date |
2003/08/27 |
|
Date
Commenced Trading |
27-08-2003 |
|
Age of Business |
8 Years
11 Months |
|
History
of Business |
Solidfeel
Access Flooring (Pty) Ltd is a manufacturer of raised flooring within
theRepublic of South Africa. Most raw materials are supplied by South African
companies. Solidfeel finished products are of South African origin. |
|
History
of Principals |
|
|
Shareholders/Members/Partners
of subject and % holding |
35%
JACOBUS BOSHOFF65% ANDRE LAMMERS |
|
Authorised
Share Capital |
R1000.00 |
|
Issued Share
Capital/Members Contribution |
R 100.00 |
|
Status |
Active |
|
Operations
Assessment |
Manufacture
flooring |
|
Industry/
Customers |
public,
private |
|
Export |
Export |
|
Major
Industry Code / SICC |
34220 |
|
Definition
of Code |
Manufacture
of refractory ceramic products |
|
Head
Office Physical Address |
6
Crompton Road GERMISTON SOUTH 1401 |
|
Head
Office Postal Address |
PO Box
10645 ELSBURG 1407 |
|
Current
Tel Number |
0118734582 |
|
Cell
Number |
0828871683 |
|
Current
Fax Number |
0866066025 |
|
Current
Email Address |
|
|
Web Site
Address |
|
|
Comments |
We where
informed the company will be moving from the current address in the near
future. |
|
Company
Registered Name |
LDP
INCORPORATED |
|
Trading
Name |
None |
|
Registration
Number |
M1999/003286/07 |
|
Physical
Address |
DE WATERKANT10 Helderberg treet
STELLENBOSCH7600 |
|
Postal
Address |
PO Box
920STELLENBOSCH7599 |
|
Contact
Person |
FRANCIAS
JOUBERT |
|
Contact
Number |
0218885600 |
|
Email |
|
|
Principals |
2 |
|
Judgements
Against Subject |
None |
|
Judgements
Against Principals |
None |
|
Subject
Verified as Client |
Yes |
|
Practice
Number |
944270 |
|
VAT
Number |
4080203138 |
|
Tax
Number |
9121058029 |
|
BEE
Status |
Level 2 |
|
Financial
Year End |
April |
|
No of
years in Business |
5 Years |
|
Website |
|
|
Comment |
|
|
Company
Name |
Phone
Number |
Time
with previous auditors |
Comment |
|
PRICE
WATERHOUSE COOPERS INCORPORATED |
|
Unknown |
|
|
LOUIBSER
DU PLESSIS INCORPORATED |
|
7 |
|
|
BDO
SPENCER STEWARD(JOHANNESBURG) INCORP |
|
Unknown |
|
Previous Auditors Information - No
Information on Record
Tax Information
|
Vat
Number |
4630210138 |
|
Status |
ACTIVE |
|
Vat Liable
Date |
2004/01/13 |
|
Tax
Number |
9530369157 |
|
Tax
Clearance Expire Date |
|
|
Financial
Year End |
February |
|
Comment |
|
|
Black
Economic Empowerment |
|
|
Status |
No |
|
Score |
|
|
Expire
Date |
|
|
BEE
Certificate Available |
|
|
Comment |
|
|
ISO
Status |
|
|
Type of
ISO Grade |
None |
|
ISO
Certificate |
|
|
ISO
Certificate Available |
|
|
Certified
by an Accredited Agent |
|
|
Comment |
|
|
Workman's
compensation |
|
|
Registered |
Yes |
|
Compliance
Certified |
Yes |
|
Comment |
|
Company Structure
Subsidiaries
|
Subsidiary
Company |
None |
|||||
|
Shareholding |
|
|||||
|
Registration
Number |
|
|||||
|
Import /
Export |
|
|||||
|
Comment |
|
|||||
|
Employees |
||||||
|
Number
of Employees |
8 |
|||||
|
1.
Salaried employees |
8 |
|||||
|
2. Waged
employees |
|
|||||
|
3.
Permanent employees |
|
|||||
|
4.
Casual employees |
|
|||||
|
5.
Contracted employees |
|
|||||
|
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 |
Owned |
|
|
||
Company
Fleet Information - No Information on Record
Offices
|
Offices |
Offices |
|
|
Head
Office Owned/ Rented |
Leased |
|
|
Rental
Company |
MAGCHEF
PROPERTIES |
|
|
Owned by |
|
|
|
Value |
|
|
|
Bond |
|
|
|
Bank |
|
|
|
Lease
Agreement |
Expired |
|
|
Lease
Expire Date |
|
|
|
Type of
Premises |
|
|
|
Comment |
The business
will be moving premises. The details of the new premises was not forthcoming. |
|
|
Branch Information |
||
|
Branches
Names |
Country |
Province |
|
None |
|
|
|
Branch Detail Information |
||
|
Branches
Owned/ Rented |
|
|
|
Rental
Company |
|
|
|
Owned by |
|
|
|
Value |
|
|
|
Bond |
|
|
|
Bank |
|
|
|
Lease
Agreement |
|
|
|
Lease
Expire Date |
|
|
|
Type of
Premises |
|
|
|
Comment |
|
|
Organisation Chart
|
Level |
Position |
Name |
Comment |
|
1 |
DIRECTOR |
JACOBUS
BOSHOFF |
|
|
1 |
DIRECTOR |
ANDRE
LAMMERS |
|
Key deals signed within the past 12 months
Company
Structure (Ownership)
Note:
One level up and all levels down
|
Holding |
Company |
Sub |
Comment |
|
35 % JACOBUS BOSHOFF |
SOLIDFEEL ACCESS FLOORING
(PTY) LTD |
None |
|
|
65% ANDRE LAMMERS |
SOLIDFEEL ACCESS FLOORING
(PTY) LTD |
None |
|
|
Company |
Value |
Contact |
Comment |
|
None |
|
|
|
Trade
References
|
Trade
Reference nr |
Supplier |
Contact |
Surety
Value |
Notarial
Bonds |
Comment |
|
1 |
AFROX |
0112555095 |
|
|
|
|
2 |
ROBOR |
0119711600 |
|
|
|
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 - 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 |
HELDERBERG |
|
Brach
Code |
|
|
Bank
Account Number |
DEEMED
CONFIDENTIAL |
|
Type of
Account |
CURRENT |
|
Account
Name |
SOLIDFEEL
ACCESS FLOORING (PTY) LTD |
|
Overdraft
Facilities |
|
|
Bank
Code |
|
|
Bank
Comment |
|
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 |
R
5000000.00 |
|
Stock |
R
5000000.00 |
|
Debtors |
|
|
FIXED
ASSETS |
R10000000.00 |
|
Plant,
Equipment, Vehicles |
|
|
Property |
|
|
CURRENT LIABILITIES |
R
5000000.00 |
|
Creditors |
|
|
Loans/
From? |
|
|
Loan
Details |
|
|
LONG
TERM LIABILITIES |
|
|
Morgage
Bonds |
|
|
Previous
Year Turnover |
|
|
Estimated
Current Year Turnover |
|
|
Current
Turnover per month |
R1000000.00 |
|
Current Turnover
per annum |
R12000000.00 |
|
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 |
45 |
|
Active Principals Principal - 1 of 2 JACOBUS BOSHOFF |
|
|
Surname |
BOSHOFF |
|
First
Name |
JACOBUS |
|
Other
Names |
|
|
Marital
Status |
Married |
|
ID
Number |
7903155013087 |
|
Verified
ID Number |
Yes |
|
Current
Age |
33 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment
Date |
2005/07/11 |
|
Physical
Address (at time of Appointment) |
18 WATERFRONT
DRIVE, GLEN MARAIS, KEMPTON PARK, 1619 |
|
Postal
Address |
P.O.BOX
10645, ELSBURG, 1407 |
|
Current
Tel Number |
0118734582 |
|
Cell
number |
0828871683 |
|
Shareholding/Membership |
0.0000 |
Principal Previous Business Interests
Average Age of Previous Business
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
AAJ
ACCESS FLOORING CAPE TOWN CC |
2006/029288/23 |
Deregistration
Final |
6 Years 5 Months |
0 |
No |
|
|
AAJ ACCESS
FLOORING CC |
B2006/024862/23 |
In Business |
6 Years 5 Months |
0 |
No |
|
|
GIGA PROJECTS
AND PROJECT MANAGEMENT (PTY)LTD |
M2006/015625/07 |
In Business |
6 Years 2 Months |
0 |
No |
|
Principal Deeds Information Property Interests for JACOBUS BOSHOFF
|
Title
Deed No. |
T106031/2007 |
Erf/Site
No. |
|
|
Deeds
Office |
PRETORIA |
Physical
Address |
15
LORETHA VAN RIEBEECKPARK KEMPTON PARK |
|
Property
Type |
Freehold
/ Ervin |
Extent /
Size |
1488.0SQM |
|
Purchase
Date |
2006/09/30 |
Purchase
price |
|
|
%
Ownership |
0.00 |
Bond
Holder |
FIRSTRAND
BANK LTD |
|
Bond
Number |
B1299842007 |
Bond
Amount |
|
|
Comment |
|
||
Property
Interests for JACOBUS BOSHOFF
|
Title
Deed No. |
ST108854/2004 |
Erf/Site
No. |
2940,0 |
|
Deeds
Office |
PRETORIA |
Physical
Address |
ECO-PARK
ESTATE CENTURION |
|
Property
Type |
Sectional
Title / Unit |
Extent /
Size |
114.0SQM |
|
Purchase
Date |
2004/06/17 |
Purchase
price |
|
|
%
Ownership |
0.00 |
Bond
Holder |
ABSA
BANK LTD |
|
Bond
Number |
SB950392004 |
Bond
Amount |
|
|
Comment |
|
||
Principal - 2 of 2 ANDRE LAMMERS
|
Surname |
LAMMERS |
|
First
Name |
ANDRE |
|
Other
Names |
|
|
Marital
Status |
Married |
|
ID
Number |
5406305117081 |
|
Verified
ID Number |
Yes |
|
Current
Age |
58 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment
Date |
2004/01/14 |
|
Physical
Address (at time of Appointment) |
50
DUMMER STREET, SOMERSET, SOUTH AFRICA, 7130 |
|
Postal
Address |
P O BOX
3671, SOMERSET WEST, 7130 |
|
Current
Tel Number |
0218758677 |
|
Cell number |
0828074828 |
|
Shareholding/Membership |
0.0000 |
Business Information for ANDRE LAMMERS Principal Current
Business Interests
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
SOLIDFEEL
ACCESS FLOORING (PTY)LTD |
2003/020826/07 |
In
Business |
8 Years
11 Months |
0 |
No |
|
|
QLOKSA
CAPE CC |
2004/029974/23 |
Conversion
CO/CC or CC/CO |
8 Years
4 Months |
0 |
No |
|
|
LB
HOLDINGS (PTY)LTD |
2005/043892/07 |
In
Business |
6 Years 7
Months |
0 |
No |
|
|
TUNTEX
CARPETS SA (PTY)LTD |
2008/007621/07 |
In
Business |
4 Years
4 Months |
0 |
No |
|
|
GREENS
GOLF HOUSE (PTY)LTD |
2010/015563/07 |
In
Business |
2 Years |
0 |
No |
|
Principal Previous Business Interests
Average Age of Previous Business
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
PETER BATES
HOLDINGS (PTY)LTD |
1973/004063/07 |
In Business |
39 Years 4
Months |
0 |
No |
|
|
PETER BATES FLOORING
(PTY)LTD |
1973/004089/07 |
In Business |
39 Years 4
Months |
0 |
No |
|
|
59 TRUMP STREET PROPERTIES (PTY)LTD |
1981/001894/07 |
In Business |
31 Years 5
Months |
0 |
No |
|
|
PARADISO DEVELOPMENT (PTY)LTD |
2001/005889/07 |
In Business |
11 Years
4 Months |
0 |
No |
|
|
IKAGENG FLOORING 2001 (PTY)LTD |
2001/015995/07 |
Deregistration
Final |
11 Years |
0 |
No |
|
|
CREATIVE FLOORING INTERNATIONAL (PTY)LTD |
2003/028148/07 |
Deregistration
Process |
8 Years 8
Months |
0 |
No |
|
|
AAJ ACCESS
FLOORING CAPE TOWN CC |
2006/029288/23 |
Deregistration
Final |
6 Years 5
Months |
0 |
No |
|
|
EXECUTIVE-COMMERCIAL
FLOORING (PTY)LTD |
2007/018469/07 |
In Business |
5 Years |
0 |
No |
|
|
GROVE 114 CC |
B1998/065982/23 |
In Business |
13 Years
8 Months |
0 |
No |
|
|
AAJ
ACCESS FLOORING CC |
B2006/024862/23 |
In Business |
6 Years 5
Months |
0 |
No |
|
|
PETER BATES
CAPE (PTY)LTD |
M1982/009713/07 |
In Business |
29 Years
9 Months |
0 |
No |
|
|
CREATIVE
FLOORING (PTY)LTD |
M1993/007341/07 |
Deregistration
Final |
18 Years
7 Months |
0 |
No |
|
|
GIGA PROJECTS
AND PROJECT MANAGEMENT (PTY)LTD |
M2006/015625/07 |
In Business |
6 Years
2 Months |
0 |
No |
|
Principal Deeds Information Property Interests for ANDRE LAMMERS
|
Title Deed
No. |
|
Erf/Site
No. |
|
|
Deeds
Office |
|
Physical
Address |
|
|
Property
Type |
|
Extent /
Size |
|
|
Purchase
Date |
|
Purchase
price |
|
|
%
Ownership |
|
Bond
Holder |
|
|
Bond
Number |
|
Bond
Amount |
|
|
Comment |
|
||
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.76 |
|
|
1 |
Rs.86.80 |
|
Euro |
1 |
Rs.67.43 |
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.