|
Report Date : |
08.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
PFERD-SOUTH |
|
|
|
|
Registered Office : |
|
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
13.06.1966 |
|
|
|
|
Com. Reg. No.: |
M1966/004800/07 |
|
|
|
|
Legal Form : |
Private Limited |
|
|
|
|
Line of Business : |
Manufacture
of other general purpose machinery. |
|
|
|
|
No. of Employees : |
281 |
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 |
PFERD
SOUTH AFRICA (PTY) LTD |
|
Country |
SOUTH
AFRICA |
|
Enquiry Terms |
D/A |
|
Account Review |
6
MONTHS |
|
Subject Contact person |
JAY
SINGH-011 2304011 |
|
Assessment |
We
have established this a large well
known South African company We
still await a Bank Codefor the amount of
R 2 000 000 The subject is meeting its commitments timeously
with suppliers Due
to the standing of the subject, it would be considered as equal to its normal
business engagements. |
|
Registered Name |
PFERD-SOUTH AFRICA (PTY) LTD |
|
Trading as/ Division Name |
None |
|
Previous Name |
None |
|
Date of Name Change |
None |
|
Registration Number |
M1966/004800/07 |
|
Registration Date |
1966-06-13 |
|
Date Commenced Trading |
1966-06-13 |
|
Age of Business |
45 Years 10 Months |
|
History of Business |
The company started producing files over
200 years ago. Since then, this family owned company has become one of the
leading manufacturers in the tool industry. Innovative ideas and products are
the key to our success. |
|
History of Principals |
Unknown |
|
Shareholders/Members/Partners of
subject and % holding |
12.5% TREVOR KILBURN 14.5% JIM RUGGEBURG 75% RUGGEBURG HOLDINGS (GERMANY) The holding company of Ruggenberg
Holdings namely August Rüggeberg GMBH in Germany develops, produces and
markets tools for surface finishing and cutting materials under the brand
name PFERD (“PFERD” is German for “Horse”) |
|
Authorised Share Capital |
R 1000 |
|
Issued Share Capital/Members
Contribution |
R 100 |
|
Status |
This Business is Active |
|
Operations Assessment |
Manufactures
High Speed Abrasive Grinding & Cut-off Wheels 90mm - 500mm. Conversion of
VSM Coated Abrasive Rolls and Belts.Conversion of Non-woven Abrasive
Materials |
|
Industry/ Customers |
Tiger Wheel and Tyre, Hole AF
etc. |
|
Export |
23 Sub-Sahara
African, 5 Middle East and 2 Far East countries as well as Australia |
|
Major Industry Code / SICC |
3569 |
|
Definition of Code |
Manufacture
of other general purpose machinery. |
|
Head Office Physical Address |
32 Derrick Road KEMPTON PARK 1620 |
|
Head Office Postal Address |
PO Box 588 KEMPTON PARK 1620 |
|
Current Tel Number |
011 234011 |
|
Cell number |
Unavailable |
|
Current Fax Number |
011 3941232 |
|
Current Email Address |
info @
pferd.co.za |
|
Web Site Address |
www.pferd.com |
|
Company Registered Name |
KPMG |
|
Trading Name |
None |
|
Registration Number |
1999/021543/21 |
|
Physical Address |
85 Empire Road Parktown Johannesburg |
|
Postal Address |
Private Bag X9 PARKVIEW 2122 |
|
Contact Person |
Brian |
|
Contact Number |
011 647 6576 |
|
Email |
info@kpmg.co.za |
|
Principals |
Unavailable |
|
Judgements Against Subject |
None |
|
Judgements Against Principals |
None |
|
Subject Verified as Client |
Yes |
|
SAICA number |
04846622 |
|
VAT Number |
4530188665 |
|
Tax Number |
9559555843 |
|
BEE Status |
AAA |
|
Financial Year End |
June |
|
Years With Auditors |
More than 10 years plus |
|
Website |
|
Company Name |
Phone Number |
Time with previous auditors |
|
None |
|
|
|
Vat Number |
4380112989 |
|
Status |
Active |
|
Vat Liable Date |
1991-09-30 |
|
Tax Number |
9470159840 |
|
Tax Clearance Expire Date |
Unavailable |
|
Financial Year End |
December |
|
Status |
Yes |
|
Score |
Level8 |
|
Expire Date |
Unavailable |
|
BEE Certificate Available |
Yes |
|
Type of ISO Grade |
ISO 9001/2008 |
|
ISO Certificate |
|
|
ISO Certificate Available |
|
|
Certified by an Accredited
Agent |
|
|
Registered |
Yes |
|
Compliance Certified |
Yes |
Subsidiaries
|
Subsidiary Company |
Deemed Confidential |
|
Shareholding |
|
|
Registration Number |
|
|
Import / Export |
|
|
Number
of Employees |
281 |
|
1. Salaried employees |
281 |
|
2. Waged employees |
|
|
3. Permanent employees |
|
|
4. Casual employees |
|
|
5. Contracted employees |
|
Company Fleet |
No of vehicles: |
Owned/ Leased |
Value |
Outstanding Balance |
|
Fleet Operations |
None |
|
|
|
|
The Fleet is made up of |
|
|||
|
1. Cars |
|
|
|
|
|
2. Light Delivery Vehicles |
|
|
|
|
|
3. Trailers |
|
|
|
|
|
4. Busses |
|
|
|
|
|
5. Trucks |
|
|
|
|
|
6. Fork Lifts |
|
|
|
|
|
7. Other |
|
|
|
|
|
Offices |
Offices/Warehouse |
Head Office Owned/ Rented |
|
|
Rental Company |
Rent |
|
Owned by |
FLORING SANDING (PTY) LTD |
|
Value |
|
|
Bond |
|
|
Bank |
|
|
Lease Agreement |
Annual |
|
Lease Expire Date |
|
|
Type of Premises |
Offices/Warehouse |
|
Branches Names |
Country |
Province |
|
PRETORIA |
SOUTH
AFRICA |
GAUTENG |
|
CAPE
TOWN |
SOUTH
AFRICA |
WESTERN
CAPE |
|
KWAZULU
NATAL |
SOUTH
AFRICA |
DURBAN |
|
PORT
ELIZABETH |
SOUTH
AFRICA |
EASTERN
CAPE |
Branches Owned/ Rented |
Unavailable |
|
Rental Company |
|
|
Owned |
|
|
Value |
|
|
Bank |
|
|
Bond |
|
|
Lease Agreement |
|
|
Lease Expire Date |
|
|
Type of Premises |
|
|
Level |
Position |
Name |
|
1 |
DIRECTOR |
JIM RUGGEBURG |
|
2 |
DIRECTOR |
TREVOR KILBURN |
Note: One
level up and all levels down
|
Holding |
Company |
Sub |
|
75% |
RUGGEBURG HOLDINGS
(GERMANY) |
None |
|
12.5% |
TREVOR KILBURN |
None |
|
14.5% |
JIM RUGGEBURG |
None |
|
Company |
Value |
Contact |
|
Deemed Confidential |
|
|
|
Trade Reference nr |
Supplier |
Contact |
|
1 |
WESTERN
MINERALEN |
031
4671255 |
|
2
|
IDT
(PTY) LTD |
021
9492800 |
|
3 |
INDUSTRIAL
ABBRESIVE |
021
9301412 |
Trade
References Detail
|
Nr |
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
|
1 |
12 Years |
Open
Account |
R 1
500 000 |
30
Days |
R 1
500 000 |
30
Days |
Very
Good |
|
2 |
12 Years |
R 2
000 000 |
R 2
200 000 |
30
Days |
R 2
200 000 |
30
Days |
Excellent |
|
3 |
10 Years |
Confidential |
Confidential |
30
Days |
Confidential |
30
Days |
Excellent |
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 |
NEDBANK |
|
Branch |
FESTIVAL MALL |
|
Bank Account Number |
1987229126 |
|
Type of Account |
CURRENT |
|
Account Name |
PFERD-SOUTH AFRICA (PTY) LTD |
|
Overdraft Facilities |
No |
|
Bank Code |
|
|
Bank Comment |
Still await a Bank Code |
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 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
Estimates
|
CURRENT ASSETS |
Deemed Confidential |
|
Stock |
|
|
Debtors |
|
|
FIXED ASSETS |
|
|
Plant, Equipment, Vehicles |
|
|
Property |
|
|
CURRENT LIABILITIES |
|
|
Creditors |
|
|
Loans/ From? |
|
|
LONG TERM LIABILITIES |
|
|
Morgage Bonds |
|
|
Previous Year Turnover |
|
|
Estimated Current Year Turnover |
|
|
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 |
5 |
|
Average Age of Active Principals |
62 |
Active
Principals
Principal 1 of 5: JAQUES BURGER
|
Surname |
BURGER |
|
First Name |
JAQUES |
|
Other Names |
None |
|
Marital Status |
Unknown |
|
ID Number |
6812085011080 |
|
Verified ID Number |
Yes |
|
Current Age |
44 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2011-04-01 |
|
Physical Address (at time of
Appointment) |
8 Athlone Drive Three Rivers VEREENIGING 1930 |
|
Postal Address |
PO Box 588 KEMPTON PARK 1620 |
|
Current Tel Number |
011 3933749 |
|
Cell number |
082 7777051 |
|
Current Fax Number |
011 394 1232 |
|
Current Email Address |
info@pferd.co.za |
|
Shareholding |
(if the principal owns shares) |
Adverse
Information for: JAQUES BURGER
Judgement
|
Number
of Judgements |
None |
Debt Review
|
Debt
review |
None |
Other
|
Default
data |
None |
Business Information for:
JAQUES BURGER
Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age of Business |
Judgements |
Liquidation |
|
FLOORING AND SANDING (PTY) LTD |
M1938/010709/07 |
In Business |
74
Years 3
Months |
0 |
No |
Previous Business Interests
|
Average
Age of Previous Business Interests |
23 Years |
|
Company
Name |
Registration
No |
Status |
Age of Business |
Judgements |
Liquidation |
|
VAAL FINANCIAL AND CONSULTING SERVICES
CC |
1988/014283/23 |
Deregistration Final |
23
Years 11
Months |
0 |
No |
Deeds Information
Property Interestsfor: JAQUES BURGER
|
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 5: JIM RUGGEBURG
|
Surname |
RUGGEBURG |
|
First Name |
JIM |
|
Other Names |
None |
|
Marital Status |
Unavailable |
|
ID Number |
7104270000000 |
|
Verified ID Number |
No |
|
Current Age |
41 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2009-01-01 |
|
Physical Address (at time of
Appointment) |
REPPINGHAUSER STRAUSE 26 51709 MARIENHEIDE 0000 |
|
Postal Address |
POSTFACH 1280 51704 MARIENHEIDE GERMANY 0000 |
|
Current Tel Number |
011 3933749 |
|
Cell number |
Unavailable |
|
Current Fax Number |
011 394 1232 |
|
Current Email Address |
info@pferd.co.za |
|
Shareholding |
14.5% |
Adverse
Information for: JIM RUGGEBURG
Judgement
|
Number
of Judgements |
None |
Debt Review
|
Debt
review |
None |
Other
|
Default
data |
None |
Business
Information for: JIM RUGGEBURG
Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age of Business |
Judgements |
Liquidation |
|
FLOORING AND SANDING (PTY) LTD |
M1938/010709/07 |
In
Business |
74
Years 3
Months |
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: JIM RUGGEBURG
|
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 5: JORN BIELENBERG
|
Surname |
BIELENBERG |
|
First Name |
JORN |
|
Other Names |
None |
|
Marital Status |
|
|
ID Number |
6606300000000 |
|
Verified ID Number |
No |
|
Current Age |
46 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2005-01-01 |
|
Physical Address (at time of
Appointment) |
LINGERSTRASSE , D-51709 MARIENHEIDE GERMANY 0000 |
|
Postal Address |
POSTFACH 1280 GERMANY D 51709 MARIENHEIDE 0000 |
|
Current Tel Number |
011 3933749 |
|
Cell number |
Unavailable |
|
Current Fax Number |
011 394 1232 |
|
Current Email Address |
info@pferd.co.za |
|
Shareholding |
(if the principal owns shares) |
Adverse
Information for: JORN BIELENBERG
Judgement
|
Number
of Judgements |
None |
Debt Review
|
Debt
review |
None |
Other
|
Default
data |
None |
Business
Information for: JORN BIELENBERG
Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age of Business |
Judgements |
Liquidation |
|
FLOORING AND SANDING (PTY) LTD |
M1938/010709/07 |
In
Business |
74
Years 3
Months |
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: JORN BIELENBERG
|
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 4 of 5: PAUL ARNO BECKER
|
Surname |
BECKER |
|
First Name |
ARNO |
|
Other Names |
PAUL |
|
Marital Status |
Unavailable |
|
ID Number |
3203245030082 |
|
Verified ID Number |
1999-07-01 |
|
Current Age |
80 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
1999-07-01 |
|
Physical Address (at time of
Appointment) |
192 Maple Road KYALAMI MIDRAND 1685 |
|
Postal Address |
PO BOX 30312 KYALAMI 1684 |
|
Current Tel Number |
011 4681730 |
|
Cell number |
0829408077 |
|
Current Fax Number |
011 3941232 |
|
Current Email Address |
info@pferd.co.za |
|
Shareholding |
(if the principal owns shares) |
Adverse
Information for: PAUL ARNO BECKER
Judgement
|
Number
of Judgements |
None |
Debt Review
|
Debt
review |
None |
Other
|
Default
data |
None |
Business
Information for: PAUL ARNO BECKER
Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age of Business |
Judgements |
Liquidation |
|
FLOORING AND SANDING (PTY) LTD |
M1938/010709/07 |
In
Business |
74
Years 3
Months |
0 |
No |
Previous Business Interests
|
Average
Age of Previous Business Interests |
39 Years |
|
Company
Name |
Registration
No |
Status |
Age of Business |
Judgements |
Liquidation |
|
STUTTKOR (BUTTERWORTH) (PTY) LTD |
1972/007411/07 |
Deregistration Final |
39
Years 9
Months |
0 |
No |
Deeds
Information
Property Interestsfor: PAUL ARNO BECKER
|
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 5 of 5: TREVOR KILBURN
|
Surname |
KILBURN |
|
First Name |
TREVOR |
|
Other Names |
None |
|
Marital Status |
Unavailable |
|
ID Number |
4001235053083 |
|
Verified ID Number |
Yes |
|
Current Age |
72 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
1971-07-01 |
|
Physical Address (at time of
Appointment) |
8 Lightbody Road KLIPPORTJIES 1401 |
|
Postal Address |
PO Box 15531 LAMBTON 1414 |
|
Current Tel Number |
011 8257745 |
|
Cell number |
Unavailable |
|
Current Fax Number |
011 3941232 |
|
Current Email Address |
info@pferd.co.za |
|
Shareholding |
12.5% |
Adverse
Information for: TREVOR KILBURN
Judgement
|
Number
of Judgements |
None |
Debt Review
|
Debt
review |
None |
Other
|
Default
data |
None |
Business
Information for :TREVOR KILBURN
Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age of Business |
Judgements |
Liquidation |
|
PFERD-SOUTH AFRICA (PTY) LTD |
M1966/004800/07 |
In
Business |
45
Years 10
Months |
0 |
No |
Previous Business Interests
|
Average
Age of Previous Business Interests |
16 Years |
|
Company
Name |
Registration
No |
Status |
Age of Business |
Judgements |
Liquidation |
|
MOTORSPORT-SOUTH AFRICA |
1995/005605/08 |
In
Business |
16
Years 10
Months |
0 |
No |
Deeds
Information
Property Interestsfor: TREVOR KILBURN
|
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.53.34 |
|
|
1 |
Rs.86.09 |
|
Euro |
1 |
Rs.69.36 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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.