MIRA
INFORM REPORT
|
Report Date : |
21.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
ILIAD |
|
|
|
|
Formerly Known As : |
NEWSHELF 249 (PTY) LTD |
|
|
|
|
Registered Office : |
Block |
|
|
|
|
Country : |
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|
|
|
|
Financials (as on) : |
2010 |
|
|
|
|
Date of Incorporation : |
27.06.1997 |
|
|
|
|
Com. Reg. No.: |
M1997/010059/07 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Importing, distribution and retailing of
general and specialized building materials and related products. |
|
|
|
|
No. of Employees : |
4 500 |
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 : |
Good |
|
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 |
Summary
|
Subject Name |
ILIAD
AFRICA TRADING (PTY)LTD |
|
Country |
SOUTH
AFRICA |
|
Requested Credit Limit |
US$ 1,50,00,000.00 |
|
Enquiry Terms |
D/A |
|
Account Review |
Every
Six Months |
|
Subject Contact person |
FINANCIAL
DIRECTOR-STEPHEN ‘0 CONOR
(011 847 7300) |
|
Assessment |
On
investigation we made contact with the subject and we were referred to the
financial Director Mr STEPHEN ‘O CONOR. He declined to assist with any
information regarding the subject due to him not having any dealings with
INDIA. The
subject seems tobe a well- established Business. Pleasesee attachedfinancials
on the business. With regards to the given address: 1ST Floor,
East Block, Pineslopes Office Park, CNR Straight And Witkoppen Roads Lonehill
Gauteng. The subject has moved from those premises. Please
see available , historical, information on the subject below from 2011. |
Company Information
|
Registered Name |
ILIAD AFRICA TRADING (PTY)LTD |
|
Trading as/ Division Name |
GENERAL BUILDING
MATERIALS DIVISION BENONI BUILDING
SUPPLIES BUILDERS MARKET CAMPWELL HARDWARE D & A TIMBERS D & A HARDWARE
& BUILD DOH F & F BUILDING
SUPPLIES FERREIRAS HARDWARE
& BUILDWARE LOWVELD BUILDING
SUPPLIES RIETPAN HARDWARE RUSTENBURG BUILDING
MATERIAL SUNCOL USM BULDING SUPPLIES SPECIALISED BUILDING
MATERIALS DIVISION B-ONE HIRE BOARDS consisting of CITIWOOD CHIPBASE TOPFORM SDT CERAMICS consisting of FERREIRAS DÉCOR WORLD TILE DEPOT NORTHRIDING TILE DEPOT CAPE TOWN CASH & CARRY
consisting of NATIONAL TILE TRADERS TILE & DÉCOR MART
ALBERTON IRONMONGERY consisting
of SAFLOK SA BILDWARE NATAL BILDWARE DÉCOR BUCHEL HARDWARE BUCHEL MENLYN BUCHEL DISIGNA BUCHEL HARDWARE &
TOOLS BUCHEL TOOLS W & B HARDWARE AND
DESIGN HARDWARE Q LITE THORPE TIMBERS
including TPS CAPE TOWN WHOLESALE consisting
of CACHET INTERNATIONAL KNOB & KNOCKER |
|
Previous Name |
NEWSHELF 249 (PTY) LTD |
|
Date of Name Change |
1997/06/27 |
|
Registration Number |
M1997/010059/07 |
|
Registration Date |
1997/06/27 |
|
Date Commenced Trading |
1997/06/27 |
|
Age of Business |
15 Years |
|
History of Business |
Started as a new business in 1997 |
|
History of Principals |
5-Active Directors |
|
Shareholders and % holding |
100% ILIAD AFRICA LTD – listed on the JSE Registration Certificate Number: 1997/011938/06 |
|
Authorised Share Capital |
Unavailable |
|
Issued Share Capital |
Unavailable |
|
Status |
In Business |
|
Operations Assessment |
Importing, distribution and
retailing of general and specialized building materials and related products. |
|
Industry/ Customers |
General public, contractors and civil engineering industry |
|
Export |
Unavailable |
|
Major Industry Code / SICC |
61430 |
|
Definition of Code |
Wholesale trade in construction materials, hardware, plumbing, heating. |
|
Head Office Physical Address |
Block 7 Thornhill Office Park Bekker Street MIDRAND Gauteng |
|
Head Office Postal Address |
Postnet Suite 566 Private Bag X29 GALLO MANOR 2052 |
|
Current Tel Number |
011 847 7300 |
|
Cell number |
None |
|
Current Fax Number |
011 847 7500 |
|
Current Email Address |
|
|
Web Site Address |
Auditors Information
|
Company Registered Name |
DELOITTE |
|
Trading Name |
DELOITTE |
|
Registration Number |
Partnership |
|
Physical Address |
Deloitte The Woodlands 21 Woodlands Drive WOODMEAD Sandton |
|
Postal Address |
Private Bag X6 GALLO MANOR 2059 |
|
Contact Person |
Martin Bierman |
|
Contact Number |
011 806 5000 |
|
Email |
|
|
Principals |
Unavailable |
|
Judgements Against Subject |
None |
|
Judgements Against Principals |
None |
|
Subject Verified as Client |
Yes |
|
SAICA number |
902276 |
|
VAT Number |
4220121935 |
|
Tax Number |
Unavailable |
|
BEE Status |
Level 2 |
|
Financial Year End |
May |
|
Years With Auditors |
2 Years |
|
Website |
Previous Auditors
|
Company Name |
Phone Number |
Time with previous auditors |
|
GRANT THORNTON |
Unavailable |
14 Years |
Tax Information
|
Vat Number |
4020174639 |
|
Status |
Active |
|
Vat Liable Date |
Unavailable |
|
Tax Number |
9088004719 |
|
Tax Clearance Expire Date |
Unavailable |
|
Financial Year End |
December |
Black Economic Empowerment
|
Status |
Yes |
|
Score |
Level 6 |
|
Expire Date |
9 March 2012 |
|
BEE Certificate Available |
Yes |
ISO Status
|
Type of ISO Grade |
None |
Workman’s compensation
|
Registered |
Yes |
|
Compliance Certified |
Yes |
Company Structure
Subsidiaries
|
Subsidiary Company |
United Metal Processors (PTY) LTD |
|
Shareholding |
80% |
|
Registration Number |
1988/006069/07 |
|
Import / Export |
Unavailable |
|
Number of
Employees |
4 500 TOTAL |
Company Fleet |
No of vehicles: |
Owned/ Leased |
Value |
Outstanding Balance |
|
Fleet Operations |
None |
|
|
|
|
The Fleet is made up of |
|
|||
|
1. Cars |
|
|
|
|
|
Offices |
Leased |
Head Office Owned/ Rented |
REDEFINE |
|
Lease Agreement |
5 Years Lease Agreement |
|
Lease Expire Date |
2016 |
|
Type of Premises |
|
Branches Names |
Country |
Province |
|
103 branches countrywide GENERAL BUILDING MATERIALS DIVISION 70 branches SPECIALISED BUILDING MATERIALS DIVISION 33 branches |
SOUTH AFRICA |
|
Branches Owned/ Rented |
All branch premises are leased from various third parties and have
different lease agreements. |
Management
Overview
Organisation chart
|
Level |
Position |
Name |
|
Unavailable |
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|
|
|
|
|
|
|
|
|
|
|
|
Company Structure (Ownership)
Note: One level up and
all levels down
|
Holding |
Company |
Sub |
|
Unavailable |
|
|
|
|
|
|
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 |
|
|
|
Trade References Detail
|
Nr |
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
|
1 |
Unavailable |
|
|
|
|
|
|
|
2 |
|
|
|
|
|
|
|
Adverse Information on Subject
Judgements
|
Judgements |
1 |
|
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 |
The respondent stated that the subject banks with NEDBANK and FIRST
NATIONAL BANK |
|
Branch |
|
|
Bank Account Number |
|
|
Type of Account |
|
|
Account Name |
|
|
Overdraft Facilities |
Yes/No |
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
Please see financials attached
|
CURRENT ASSETS |
Unavailable |
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 |
5 |
|
Average Age of Active Principals |
44 |
Active Principals
Principal 1 of 5: EUGENE BENEKE
|
Surname |
BENEKE |
|
First Name |
EUGENE |
|
Other Names |
None |
|
Marital Status |
Unavailable |
|
ID Number |
6705315135085 |
|
Verified ID Number |
Yes |
|
Current Age |
45 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2008/11/01 |
|
Physical Address (at time of Appointment) |
83 Jollify Ring Road MOOIKLOOF 0059 |
|
Postal Address |
PO Box 2572 HONEYDEW 2040 |
|
Current Tel Number |
0124672891 |
|
Cell number |
Unavailable |
|
Current Fax Number |
Unavailable |
|
Current Email Address |
Unavailable |
|
Shareholding |
Unavailable |
Adverse
Information for :EUGENE BENEKE
Judgement
|
Number of
Judgements |
None |
Debt
Review
|
Debt review |
None |
Other
|
Default data |
None |
Business
Information for:EUGENE BENEKE
Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
KRUGER BENEKE EN WAGNER CC |
1994/037734/23 |
In Business |
17 Years 7 Months |
0 |
No |
|
D AND A TIMBERS (PTY)LTD |
1998/025853/07 |
In Business |
13 Years 6 Months |
0 |
No |
|
NAKA SANGA PRIVATE NATURE RESERVE LANDOWNERS ASSOCIATION |
2000/018790/08 |
In Business |
11 Years 10 Months |
0 |
No |
|
UNITED METAL PROCESSORS (PTY)LTD |
M1988/006069/07 |
In Business |
23 Years 8 Months |
0 |
No |
|
UNITED STEEL AND PIPE SUPPLIES (PTY)LTD |
M1994/003538/07 |
In Business |
18 Years 1 Months |
0 |
No |
Previous
Business Interests
|
Average Age of
Previous Business Interests |
33 Years |
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
NATIONAL CHAMBER OF MILLING |
1936/008920/08 |
In Business |
75 Years 6 Months |
0 |
No |
|
EBSWANO (PTY)LTD |
1981/010087/07 |
Deregistration Final |
30 Years 8 Years |
0 |
No |
|
DENVER CONSTRUCTION (PTY)LTD |
1989/003186/07 |
Deregistration Final |
23 Years |
0 |
No |
|
GOLDEN LODGE DEVELOPMENT (PTY)LTD |
1990/001650/07 |
Deregistration Final |
22 Years 3 Months |
0 |
No |
|
PLOT 221 NORTHRIDING DEVELOPMENT (PTY)LTD |
1994/008712/07 |
Deregistration Final |
17 Years 8 Months |
0 |
No |
Deeds Information
Property
Interestsfor :EUGENE BENEKE
|
Title Deed No. |
T25693/2009 |
Erf/Site No. |
|
|
Deeds Office |
PRETORIA |
Physical Address |
83 JOLLIFY RING MOOIKLOOF CITY OF TSHWANE RURAL |
|
Property Type |
Farms |
Extent / Size |
1.797H |
|
Purchase Date |
2009-02-12 |
Purchase price |
R 4 700 000 |
|
% Ownership |
|
Bond Holder |
ABSA
BANK LTD |
|
Bond Number |
B196022009 |
Bond Amount |
R 5 000 000 |
|
Title Deed No. |
ST53237/2004 |
Erf/Site No. |
1026 |
|
Deeds Office |
PIETERMARITZBURG |
Physical Address |
BEACHBLACK ROCK PORT EDWARD |
|
Property Type |
Sectional Title / Unit |
Extent / Size |
131.0SQM |
|
Purchase Date |
2004-06-28 |
Purchase price |
R 530 000 |
|
% Ownership |
|
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
|
Principal 2 of 5: MARCO VAN NIEKERK
|
Surname |
VAN NIEKERK |
|
First Name |
MARCO |
|
Other Names |
None |
|
Marital Status |
Unavailable |
|
ID Number |
7712135033085 |
|
Verified ID Number |
Yes |
|
Current Age |
35 |
|
Designation |
Businessman |
|
Status |
Active |
|
Appointment Date |
2008/01/23 |
|
Physical Address (at time of Appointment) |
5 Fountain Village 456 Sussex Street Lynnwood PRETORIA 0081 |
|
Postal Address |
Postnet Suite 296 The Willows 0001 |
|
Current Tel Number |
0114080408 |
|
Cell number |
0745808422 |
|
Current Fax Number |
Unavailable |
|
Current Email Address |
Unavailable |
|
Shareholding |
Unavailable |
Adverse Information for MARCO VAN NIEKERK
Judgement
|
Number of
Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Business Information for MARCO VAN NIEKERK
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
CARGO HANDLING INDUSTRIES CC |
2006/136454/23 |
In Business |
5 Years 10 Months |
0 |
No |
|
STEYL INDUSTRIES (PTY)LTD |
2009/002341/07 |
In Business |
3 Years 4 Months |
0 |
No |
|
AZURASOLVE INVESTMENTS (PTY)LTD |
2009/022769/07 |
In Business |
2 Years 7 Months |
0 |
No |
|
ILIAD AFRICA TRADING (PTY)LTD |
M1997/010059/07 |
In Business |
15 Years |
1 |
No |
Previous Business Interests
|
Average Age of Previous
Business Interests |
10 Years |
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
L B W MARKETING CC |
2002/005685/23 |
Deregistration Final |
10 Years 5 Months |
0 |
No |
|
AUSTROFLAMM SOUTH AFRICA (PTY)LTD |
2003/019915/07 |
In Business |
8 Years 10 Months |
0 |
No |
|
MARHIL BELEGGINGS CC |
2007/157449/23 |
Deregistration Final |
4 Years 10 Months |
0 |
No |
|
UNITED METAL PROCESSORS (PTY)LTD |
M1988/006069/07 |
In Business |
23 Years 8 Months |
0 |
No |
|
MORGAN CARGO (PTY)LTD |
M2003/008869/07 |
In Business |
9 Years 2 Months |
0 |
No |
Deeds Information
Property Interestsfor MARCO VAN NIEKERK
|
Title Deed No. |
ST55761/2011 |
Erf/Site No. |
19,11 |
|
Deeds Office |
PRETORIA |
Physical Address |
214 LUNNON HILLCREST PRETORIA |
|
Property Type |
Sectional Title / Unit |
Extent / Size |
24.0SQM |
|
Purchase Date |
2011-03-01 |
Purchase price |
R 490 000 |
|
% Ownership |
|
Bond Holder |
FIRSTRAND BANK LTD |
|
Bond Number |
SB361232011 |
Bond Amount |
R 490 000 |
Principal 3 of 5: ANDRIES STRYDOM
|
Surname |
STRYDOM |
|
First Name |
ANDRIES |
|
Other Names |
None |
|
Marital Status |
Unavailable |
|
ID Number |
7202175083083 |
|
Verified ID Number |
Yes |
|
Current Age |
40 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2008/01/23 |
|
Physical Address (at time of Appointment) |
1 Brentford Cresent MIDSTREAM ESTATE 1692 |
|
Postal Address |
PO Box 433 MIDSTREAM 1692 |
|
Current Tel Number |
0123476807 |
|
Cell number |
0836304298 |
|
Current Fax Number |
Unavailable |
|
Current Email Address |
Unavailable |
|
Shareholding |
Unavailable |
Adverse Information for :ANDRIES STRYDOM
Judgement
|
Number of
Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Business Information for :ANDRIES STRYDOM
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
EENHEID 11 CHESAPEAKE BAY MARGATE CC |
1995/047329/23 |
In Business |
16 Years 7 Months |
0 |
No |
|
GERDAU TRADING (PTY)LTD |
2008/007968/07 |
In Business |
4 Years 3 Months |
0 |
No |
|
STRINGFELLOW INVESTMENTS 706 CC |
B2002/079703/23 |
In Business |
9 Years 9 Months |
0 |
No |
|
ILIAD AFRICA TRADING (PTY)LTD |
M1997/010059/07 |
In Business |
15 Years |
1 |
No |
|
TIGER STRIPES INVESTMENTS 43 (PTY)LTD |
M2002/009277/07 |
In Business |
10 Years 2 Months |
0 |
No |
Previous Business Interests
|
Average Age of
Previous Business Interests |
9 Years |
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
TAKUZA EIENDOMME (PTY)LTD |
1999/016794/07 |
In Business |
12 Years 10 Months |
3 |
No |
|
CAMPWELL HARDWARE (PTY)LTD |
M2006/016431/07 |
In Business |
6 Years 1 Months |
0 |
No |
Deeds Information
Property Interestsfor :ANDRIES STRYDOM
|
Title Deed No. |
ST70489/2004 |
Erf/Site No. |
5900 |
|
Deeds Office |
PRETORIA |
Physical Address |
32A MARK MIDDELBURG MIDDELBURG |
|
Property Type |
Sectional Title / Unit |
Extent / Size |
72.0SQM |
|
Purchase Date |
2004-01-20 |
Purchase price |
R 198 000 |
|
% Ownership |
|
Bond Holder |
NEDBANK LTD |
|
Bond Number |
SB569672004 |
Bond Amount |
R 19 800 |
Principal 4 of 5: JOSE MENDES
|
Surname |
MENDES |
|
First Name |
JOSE |
|
Other Names |
None |
|
Marital Status |
Unavailable |
|
ID Number |
6005215108088 |
|
Verified ID Number |
Yes |
|
Current Age |
52 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2004/08/05 |
|
Physical Address (at time of Appointment) |
7 Almeria Crescent Dainfern Ridge 2191 |
|
Postal Address |
Po Box 2572 Honeydew 2040 |
|
Current Tel Number |
011 467 2890 |
|
Cell number |
083 6283 642 |
|
Current Fax Number |
Unavailable |
|
Current Email Address |
Unavailable |
|
Shareholding |
Unavailable |
Adverse Information for JOSE MENDES
Judgement
|
Number of
Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Business Information for JOSE MENDES
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
NORTH AND COUNTRY PROPERTY BROKERS CC |
1990/019587/23 |
In Business |
22 Years |
0 |
No |
|
D AND A TIMBERS (PTY)LTD |
1998/025853/07 |
In Business |
13 Years 6 Months |
0 |
No |
|
ILIAD AFRICA TRADING (PTY)LTD |
M1997/010059/07 |
In Business |
15 Years |
0 |
No |
|
ILIAD AFRICA LTD |
M1997/011938/06 |
In Business |
14 Years 11 Months |
0 |
No |
Previous Business Interests
|
Average Age of Previous
Business Interests |
17 Years |
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
PORTION 125 ZEVENFONTEIN PROPERTIES CC |
1994/040141/23 |
Deregistration Final |
17 Years 7 Months |
0 |
No |
|
UNITED METAL PROCESSORS (PTY)LTD |
M1988/006069/07 |
In Business |
23 Years 8 Months |
0 |
No |
|
UNITED STEEL AND PIPE SUPPLIES (PTY)LTD |
M1994/003538/07 |
In Business |
18 Years 1 Months |
0 |
No |
|
BYM BUILDING SUPPLIES (PTY)LTD |
M1995/003883/07 |
In Business |
17 Years 1 Months |
0 |
No |
|
UNITED TUBE (PTY)LTD |
M1997/013442/07 |
In Business |
14 Years 10 Months |
0 |
No |
Deeds Information
Property Interestsfor JOSE MENDES
|
Title Deed No. |
T99568/2008 |
Erf/Site No. |
|
|
Deeds Office |
PRETORIA |
Physical Address |
DAINFERN VALLEY MIDRAND |
|
Property Type |
Freehold / Ervin |
Extent / Size |
1493.0SQM |
|
Purchase Date |
2008-04-26 |
Purchase price |
R 4 200 000 |
|
% Ownership |
|
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
|
Principal 5 of 5: NIEL GOOSEN
|
Surname |
GOOSEN |
|
First Name |
NIEL |
|
Other Names |
None |
|
Marital Status |
Unavailable |
|
ID Number |
6402125050007 |
|
Verified ID Number |
Yes |
|
Current Age |
48 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
1998/06/02 |
|
Physical Address (at time of Appointment) |
34A Baard Road Raslouw Agricultural Holdings CENTURION 0157 |
|
Postal Address |
PO Box 55159 WIERDRA PARK 0149 |
|
Current Tel Number |
0114672891 |
|
Cell number |
0825771782 |
|
Current Fax Number |
Unavailable |
|
Current Email Address |
Unavailable |
|
Shareholding |
Unavailable |
Adverse Information for :NIEL GOOSEN
Judgement
|
Number of
Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Business Information for :NIEL GOOSEN
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
D AND A TIMBERS (PTY)LTD |
1998/025853/07 |
In Business |
13 Years 6 Months |
0 |
No |
|
ILIAD AFRICA TRADING (PTY)LTD |
M1997/010059/07 |
In Business |
15 Years |
1 |
No |
|
NEICHRIST COMPUTING AND FINANCIAL SERVICES (PTY)LTD |
M2001/004328/07 |
In Business |
11 Years 4 Months |
0 |
No |
Previous Business Interests
|
Average Age of
Previous Business Interests |
13 Years |
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
THEORIUS PROPERTY AND FARMING (PTY)LTD |
1994/008329/07 |
In Business |
17 Years 8 Months |
0 |
No |
|
THE KINGDOM BOARDROOM |
2006/019205/08 |
Deregistration Final |
6 Years |
0 |
No |
|
CALSHELF INVESTMENTS 144 (PTY)LTD |
2006/031893/07 |
In Business |
5 Years 8 Months |
0 |
No |
|
UNITED METAL PROCESSORS (PTY)LTD |
M1988/006069/07 |
In Business |
23 Years 8 Months |
0 |
No |
|
UNITED STEEL AND PIPE SUPPLIES (PTY)LTD |
M1994/003538/07 |
In Business |
18 Years 1 Months |
0 |
No |
Deeds Information
Property Interestsfor :NIEL GOOSEN
|
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 |
|
STATEMENTS OF CASH FLOWS
For the year ended 31 December 2010
|
|
|
GROUP |
COMPANY |
|||
|
R000 |
Notes |
2010 |
2009 |
2010 |
Restated |
|
|
2009 |
||||||
|
Cash flows from
operating activities |
|
210
551 |
142
875 |
26
799 |
67
321 |
|
|
Profit before
taxation |
|
64 124 |
95
510 |
27
413 |
66
513 |
|
|
Adjustments: |
|
|
51
317 |
64
509 |
(27 959) |
(67 704) |
|
Depreciation |
|
|
37
918 |
36
815 |
|
|
|
Loss /(profit)
on disposal of property, plant and equipment |
|
|
453 |
(1 032) |
|
|
|
Investment
income |
|
|
(18 086) |
(22 388) |
(27 959) |
(67 704) |
|
Finance
charges |
|
|
31
032 |
51
114 |
|
|
|
Operating profit
/(loss) before working capital changes |
|
115
441 |
160
019 |
(546) |
(1 191) |
|
|
Working capital
changes during the year |
|
|
124
176 |
35
096 |
(614) |
808 |
|
(Increase)
/decrease in inventories |
|
|
(50 198) |
169
982 |
|
|
|
Decrease
/(increase) in trade and other receivables |
|
|
26
078 |
69 108 |
(14) |
297 |
|
Increase
/(decrease) in trade and other payables |
|
|
148
296 |
(203 994) |
(600) |
511 |
|
Cash flows from
operations |
|
239
617 |
195
115 |
(1 160) |
(383) |
|
|
Investment
income |
|
18
086 |
22
388 |
27
959 |
67
704 |
|
|
Finance
charges |
|
(31 032) |
(51 114) |
|
|
|
|
Taxation
paid |
25.1 |
(16 120) |
(23 514) |
|
|
|
|
Cash flows from
investing activities |
|
(48 246) |
(49 269) |
2
015 |
(22 006) |
|
|
Purchase of businesses |
25.2 |
(11 982) |
(15 000) |
2
015 |
|
|
|
Repayments by
/(advances to) subsidiaries |
|
(39 716) |
|
(22 006) |
||
|
Additions to
property, plant and equipment |
|
(37 845) |
|
|
||
|
Proceeds on disposal
of property, plant and equipment |
25.3 |
3
452 |
3
576 |
|
|
|
|
Cash flows from
financing activities |
|
(32 686) |
(78 334) |
(27 644) |
(71 873) |
|
|
Decrease in
short-term borrowings |
|
(2 719) |
(224) |
|
|
|
|
Dividends to
owners of the parent |
|
(27 644) |
(71 873) |
(27 644) |
(71 873) |
|
|
Decrease in
long-term borrowings |
|
(2 323) |
(6 237) |
|
|
|
|
|
|
|
|
|
|
|
|
Net increase
/(decrease) in cash and cash equivalents for the year |
|
129
619 |
15
272 |
1
170 |
(26 558) |
|
|
Cash and cash
equivalents at the beginning of the year |
|
(3 883) |
(19 698) |
20
485 |
47
043 |
|
|
Cash and cash
equivalents acquired |
25.2 |
5
147 |
543 |
|
|
|
|
Cash and cash
equivalents at end of the year |
8 |
130
883 |
(3 883) |
21
655 |
20
485 |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.86 |
|
|
1 |
Rs.87.93 |
|
Euro |
1 |
Rs.70.88 |
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.