|
Report Date : |
12.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
BEIER SAFETY FOOTWEAR (PTY) LTD |
|
|
|
|
Registered Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
05.06.1996 |
|
|
|
|
Com. Reg. No.: |
1996/007058/07 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Manufacture Footwear |
|
|
|
|
No. of Employees : |
228 |
RATING & COMMENTS
|
MIRAs 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 |
BEIER
SAFETY FOOTWEAR (PTY) LTD |
|
Country |
SOUTH
AFRICA |
|
Requested Credit Limit |
US
$ 15 00 000.00 |
|
Enquiry Terms |
D/A |
|
Account Review |
6
MONTHS |
|
Subject Contact person |
VANILLA
PILLAY-031 7100547-031 7100400 |
|
Assessment |
Total
Credit Limit Exposure: R 260 000 This
is well established company We
still await for Bank Code of R 1 500 000 The
subjects is meeting its commitment
timeously with the suppliers |
|
Registered Name |
BEIER SAFETY FOOTWEAR (PTY) LTD |
|
Trading as/ Division Name |
BEIER SAFETY FOOTWEAR |
|
Previous Name |
None |
|
Date of Name Change |
None |
|
Registration Number |
1996/007058/07 |
|
Registration Date |
1996-06-05 |
|
Date Commenced Trading |
1996-06-05 |
|
Age of Business |
15 Years 11 Months |
|
History of Business |
Beier Safety Footwear (Pty) Ltd is part of Beier Industries (Pty) Ltd
and is the leading supplier of Safety Footwear in Southern Africa, producing
a wide range of safety boots and shoes. |
|
History of Principals |
None |
|
Shareholders/Members/Partners of subject
and % holding |
26% ALDABRI 29 (PTY) LTD 37% BEIER INDUSTRIES (PTY) LTD 37% LEMAITE SECURITY (FRANCE) |
|
Authorised Share Capital |
R 1000 |
|
Issued Share Capital/Members Contribution |
50 000 |
|
Status |
This Business is Active |
|
Operations Assessment |
Manufacture Safety Footwear |
|
Industry/ Customers |
·
Mining ·
Automotive ·
Transport (Accredited
suppliers to Transnet) ·
Light and heavy
industry ·
Security ·
Correctional services ·
Para military ·
Police |
|
Export |
No |
|
Major Industry Code / SICC |
Manufacture Footwear |
|
Definition of Code |
3170 |
|
Head Office Physical Address |
40 Gillitts Road Pinetown 3600 |
|
Head Office Postal Address |
PO Box 121 PINETOWN 3600 |
|
Current Tel Number |
031 7100400/0538 |
|
Cell number |
083 2722996 |
|
Current Fax Number |
031 7002607 |
|
Current Email Address |
draulstone@beierf.co.za |
|
Web Site Address |
|
Company Registered Name |
MARWICK AMD COMPANY INC |
|
Trading Name |
None |
|
Registration Number |
M1999/016183 |
|
Physical Address |
Unavailable |
|
Postal Address |
PO Box 1470 HILLCREST 3650 |
|
Contact Person |
LINDY FONSTEIN |
|
Contact Number |
031 7656764 |
|
Email |
Unavailable |
|
Principals |
3 |
|
Judgements Against Subject |
None |
|
Judgements Against Principals |
None |
|
Subject Verified as Client |
Yes |
|
SAICA number |
Unavailable |
|
VAT Number |
4660186349 |
|
Tax Number |
9071324207 |
|
BEE Status |
No |
|
Financial Year End |
February |
|
Years With Auditors |
14 Years |
|
Website |
Unavailable |
|
Company Name |
Phone Number |
Time with previous auditors |
|
DELOITTE AND
TOUCHE |
Unavailable |
14 Years |
|
Vat Number |
4460162326 |
|
Status |
Active |
|
Vat Liable Date |
1997-01-01 |
|
Tax Number |
9158307208 |
|
Tax Clearance Expire Date |
Unavailable |
|
Financial Year End |
December |
|
Status |
Yes |
|
Score |
Level 4 |
|
Expire Date |
|
|
BEE Certificate Available |
Yes |
|
Type of ISO Grade |
Quality / Standard |
|
ISO Certificate |
9001 |
|
ISO Certificate Available |
Yes |
|
Certified by an Accredited Agent |
Unavailable |
|
Registered |
Yes |
|
Compliance Certified |
0100439-1105 |
Subsidiaries
|
Subsidiary Company |
None |
|
Shareholding |
|
|
Registration Number |
|
|
Import / Export |
|
|
Number of
Employees |
228 |
|
1. Salaried
employees |
44 |
|
2. Waged
employees |
184 |
|
3. Permanent
employees |
|
|
4. Casual
employees |
|
|
5. Contracted
employees |
|
Company Fleet |
No of vehicles: |
Owned/ Leased |
Value |
Outstanding Balance |
|
Fleet Operations |
4 |
|
|
None |
|
The Fleet is made up of |
|
|||
|
1. Cars |
|
|
|
|
|
2. Light
Delivery Vehicles |
2 |
|
|
|
|
3. Trailers |
|
|
|
|
|
4. Busses |
|
|
|
|
|
5. Trucks |
|
|
|
|
|
6. Fork
Lifts |
2 |
|
|
|
|
7. Other |
|
|
|
|
|
Offices |
Offices/Warehouse |
Head Office Owned/ Rented |
|
|
Rental Company |
Rent |
|
Owned by |
HANS BURGER |
|
Value |
|
|
Bond |
|
|
Bank |
|
|
Lease Agreement |
|
|
Lease Expire Date |
5 Years |
|
Type of Premises |
Offices/Warehouse |
|
Branches Names |
Country |
Province |
|
None |
|
|
Branches Owned/ Rented |
None |
|
Rental Company |
|
|
Owned |
|
|
Value |
|
|
Bank |
|
|
Bond |
|
|
Lease Agreement |
|
|
Lease Expire Date |
|
|
Type of Premises |
|
|
Level |
Position |
Name |
|
Unavaialble |
|
|
Note:One level up and
all levels down
|
Holding |
Company |
Sub |
|
26% ALDABRI 29 (PTY) LTD 37% BEIER INDUSTRIES (PTY) LTD 37% LEMAITE SECURITY (FRANCE) |
BEIER SAFETY
FOOTWEAR (PTY) LTD |
None |
|
Company |
Value |
Contact |
|
None |
|
|
|
Trade Reference nr |
Supplier |
Contact |
|
1 |
TUFTEX |
031 7052211 |
|
2 |
NATIONAL BRADING |
036 4317069 |
|
3 |
CARROSALE
PACKAGING |
031 9109400 |
|
4 |
MENDELSON FROST |
031 2088171 |
Trade References
Detail
|
Nr |
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
|
1 |
Do |
Not |
Give |
Trade |
Reference |
|
|
|
2 |
5 Years |
R 260 000 |
R 140 000 |
60 Days |
R 128 000 |
60 Days |
Very Good |
|
3 |
Do |
Not |
Give |
Trade |
Reference |
|
|
|
4 |
Do |
Not |
Give |
Trade |
Reference |
|
|
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 |
COASTAL INLAND |
|
Bank Account Number |
1005056609 |
|
Type of Account |
CURRENT |
|
Account Name |
BEIER SAFETY FOOTWEAR (PTY) LTD |
|
Overdraft Facilities |
Yes |
|
Bank Code |
Still Await a Bank Code Of R 1
500 000.00 |
|
Bank Comment |
Still Await a Bank Code Of R 1 500 000.00 |
Bank Codes History
|
Date requested |
Bank Code |
Enquiry Amount |
Number of RDs |
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 |
4 |
|
Average Age of Active Principals |
59 |
Active Principals
Principal 1 of 4:NADEEM RAHMAN
|
Surname |
RAHMAN |
|
First Name |
NADEEM |
|
Other Names |
None |
|
Marital Status |
None |
|
ID Number |
5711250000000 |
|
Verified ID Number |
Yes |
|
Current Age |
55 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2009-11-17 |
|
Physical Address (at time of Appointment) |
Rahman Villa 63 Cantoment KANPUR,208004 INDIA 0000 |
|
Postal Address |
Rahman Villa 63 Cantoment KANPUR,208004 INDIA 0000 |
|
Current Tel Number |
031 7100400 |
|
Cell number |
Unavailable |
|
Current Fax Number |
031 7002607 |
|
Current Email Address |
|
|
Shareholding |
(if the principal owns shares) |
Adverse
Information for: NADEEM RAHMAN
Judgement
|
Number of
Judgements |
None |
Debt
Review
|
Debt review |
None |
Other
|
Default data |
None |
Business Information for :NADEEM RAHMAN
Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
BEIER SAFETY (PTY) LTD |
1996/007058/07 |
In Business |
15 Years 11 Months |
0 |
No |
Previous
Business Interests
|
Average Age of
Previous Business Interests |
None |
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
None |
|
|
|
|
|
Property
Interestsfor: NADEEM RAHMAN
|
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 4: DAVID RAULSTONE
|
Surname |
RAULSTONE |
|
First Name |
DAVID |
|
Other Names |
None |
|
Marital Status |
Married |
|
ID Number |
4901225076087 |
|
Verified ID Number |
Yes |
|
Current Age |
63 |
|
Designation |
Financial Manager |
|
Status |
Active |
|
Appointment Date |
2007-06-19 |
|
Physical Address (at time of Appointment) |
37 Peace Road KLOOF 3610 |
|
Postal Address |
PO Box 596 PIETERMAITZBURG 3200 |
|
Current Tel Number |
0317100400 |
|
Cell number |
083 2722996 |
|
Current Fax Number |
031 7102607 |
|
Current Email Address |
|
|
Shareholding |
(if the principal owns shares) |
Adverse
Information for: DAVID RAULSTONE
Judgement
|
Number of
Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Business Information
for :DAVID RAULSTONE
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
BEIER SAFETY (PTY) LTD |
1996/007058/07 |
In Business |
15 Years 11 Months |
0 |
No |
Previous Business Interests
|
Average Age of
Previous Business Interests |
None |
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
EAST COAST CORRUGATED CC |
1995/021108/23 |
In Business |
17 Years |
0 |
No |
|
RENOLD CROFTS (PTY) LTD |
M1967/001462/07 |
In Business |
45 Year 3 Months |
0 |
No |
Deeds Information
Property Interestsfor: DAVID RAULSTONE
|
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 4: SIBUSISO MAZIYA
|
Surname |
MAZIYA |
|
First Name |
SIBUSISO |
|
Other Names |
None |
|
Marital Status |
Married |
|
ID Number |
6707195687086 |
|
Verified ID Number |
Yes |
|
Current Age |
45 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
031 5724319 |
|
Physical Address (at time of Appointment) |
20 Victoria Park, 79 Collard Road UMGENI ARK DURBAN 4001 |
|
Postal Address |
PO Box 1391 DURBAN 4000 |
|
Current Tel Number |
031 5724319 |
|
Cell number |
082 4405901 |
|
Current Fax Number |
031 7002607 |
|
Current Email Address |
|
|
Shareholding |
(if the principal owns shares) |
Adverse
Information for: SIBUSISO MAZIYA
Judgement
|
Number of
Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Business
Information for: SIBUSISO MAZIYA
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
BEIER INDUSTRIES (PTY) LTD |
1947/027242/07 |
In Business |
64 Years 7 Months |
0 |
No |
|
BEIER SAFETY (PTY) LTD |
1996/007058/07 |
In Business |
15 Years 11 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: SIBUSISO MAZIYA
|
Title Deed No. |
T50953/2007 |
Erf/Site No. |
|
|
Deeds Office |
PIETERMARITBURG |
Physical Address |
567 STRPHEN
DLAMINI ESSENWOOD BEREA |
|
Property Type |
Freehold / Ervin |
Extent / Size |
2979.0SQM |
|
Purchase Date |
2007-06-06 |
Purchase price |
R 6 250 000.00 |
|
% Ownership |
0.0000 |
Bond Holder |
ABSA BANK LTD |
|
Bond Number |
B608292007 |
Bond Amount |
R 6 250 000.00 |
Principal 4 of 4: HERMANN BEIER
|
Surname |
BEIER |
|
First Name |
HERMANN |
|
Other Names |
None |
|
Marital Status |
Married |
|
ID Number |
3610025030084 |
|
Verified ID Number |
Yes |
|
Current Age |
76 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
1996-07-031 |
|
Physical Address (at time of Appointment) |
3 Virginia Boulevard AUGUSTA COUNTRY ESTATE ASHLEY DRIVE HILLCREST 3626 |
|
Postal Address |
PO Box 121 PINETOWN 3600 |
|
Current Tel Number |
031 7671655 |
|
Cell number |
Unavailable |
|
Current Fax Number |
031 7002607 |
|
Current Email Address |
|
|
Shareholding |
(if the principal owns shares) |
Adverse
Information for :HERMANN BEIER
Judgement
|
Number of
Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Business
Information for: HERMANN BEIER
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
BEIER INDUSTRIES (PTY) LTD |
1947/027242/07 |
In Business |
64 Years 7 Months |
0 |
No |
|
BEIER SAFETY (PTY) LTD |
1996/007058/07 |
In Business |
15 Years 11 Months |
0 |
No |
Previous Business Interests
|
Average Age of
Previous Business Interests |
None |
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
None |
|
|
|
|
|
Property Interestsfor: HERMANN BEIER
|
Title Deed No. |
T16133 |
Erf/Site No. |
|
|
Deeds Office |
PIETERMARITZBURG |
Physical Address |
3 VIRGINIA
EVERTON GILLITTS |
|
Property Type |
Freehold/Ervin |
Extent / Size |
1247.0SQM |
|
Purchase Date |
2002-12-13 |
Purchase price |
R 1 800 000.00 |
|
% Ownership |
0.0000 |
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
R 0.00 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.64 |
|
|
1 |
Rs.86.42 |
|
Euro |
1 |
Rs.69.28 |
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 SCs 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.