MIRA INFORM REPORT

 

 

Report Date :

12.05.2012

 

IDENTIFICATION DETAILS

 

Name :

GHT PRODUCTS (PTY) LTD

 

 

Registered Office :

4 Blenheim Road Die Boord Stellenbosch 7600

 

 

Country :

South Africa

 

 

Date of Incorporation :

16.10.2008

 

 

Com. Reg. No.:

M2008/024445/07

 

 

Legal Form :

Private Company

 

 

Line of Business :

Not Available

 

 

No. of Employees :

Not Available

 

RATING & COMMENTS

 

MIRA’s Rating :

C

 

RATING

STATUS

PROPOSED CREDIT LINE

<10

C

Absolute credit risk exists. Caution needed to be exercised

Credit not recommended

 

Status :

Undetermined

Payment Behaviour :

--

Litigation :

--

 

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

 


Summery

 

Subject Name

GHT PRODUCTS (PTY) LTD

Country

SOUTH AFRICA

Requested Credit Limit

MAX

Enquiry Terms

D/A

Account Review

 

Subject Contact person

 

 

 

 

Assessment

 

 

 

 

On investigation contact was made with the subject and respondents were unable to assist with information.

It was stated the correct person to assist would be in as of next week.

Further investigations will be made next week and as soon as any information is available it will be forwarded.

Please see available details below.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Company Information

 

Registered Name

GHT PRODUCTS (PTY) LTD

Trading as/ Division Name

 

Previous Name

None

Date of Name Change

None

Registration Number

M2008/024445/07

Registration Date

2008-10-16

Date Commenced Trading

 

Age of Business

3 years 7 months

History of Business

 

History of Principals

 

Shareholders and  % holding

 

Authorised Share Capital

R1000

Issued Share Capital

R100

Status

In Business

Operations Assessment

 

Industry/ Customers

 

Export

 

Major Industry Code / SICC

 

Definition of Code

 

Head Office Physical Address

 

 

4 Blenheim Road

Die Boord

STELLENBOSCH

7600

Head Office Postal Address

 

 

 

Current Tel Number

 

Cell number

082 820 0332

Current Fax Number

086 520 11110

Current Email Address

 

Web Site Address

 

 

 

Auditors Information

 

Company Registered Name

LSG INTEGRATED

Subject Verified as Client

 

SAICA number

955361

 

 

Previous Auditors

 

Company Name

Phone Number

Time with previous auditors

None

 

 

 

 

Tax Information

 

Vat Number

Unavailable

Status

 

Vat Liable Date

 

Tax Number

919154117

Tax Clearance Expire Date

 

Financial Year End

February

 

 


Black Economic Empowerment

 

Status

Yes/No

Score

 

Expire Date

 

BEE Certificate Available

Yes/No

 

 

ISO Status

 

Type of ISO Grade

 

ISO Certificate

Yes/No

ISO Certificate Available

Yes/No

Certified by an Accredited Agent

Yes/No

 

 

Workman’s compensation

 

Registered

Yes/No

Compliance Certified

Yes/No

 

 

Company Structure

Subsidiaries

 

Subsidiary Company

Unavailable

Shareholding

 

Registration Number

 

Import / Export

 

 

Subsidiary Company

Unavailable

Shareholding

 

Registration Number

 

Import / Export

 

 

Number of Employees

Unavailable

1.       Salaried employees

 

2.       Waged employees

 

3.       Permanent employees

 

4.       Casual employees

 

5.       Contracted employees

 

 



Company Fleet

No of vehicles:

Owned/ Leased

Value

Outstanding Balance

Fleet Operations

 

 

 

 

The Fleet is made up of

Unavailable

1.       Cars

 

 

 

 

2.       Light Delivery Vehicles

 

 

 

 

3.       Trailers

 

 

 

 

4.       Busses

 

 

 

 

5.       Trucks

 

 

 

 

6.       Fork Lifts

 

 

 

 

7.       Other

 

 

 

 

 

Offices

Unavailable


Head Office Owned/ Rented

 

Rental Company

 

Owned by

 

Value

 

Bond

 

Bank

 

Lease Agreement

 

Lease Expire Date

 

Type of Premises

 

 

Branches Names

Country

Province

Unavailable

 

 

 


Branches Owned/ Rented

Unavailable

Rental Company

 

Owned

 

Value

 

Bank

 

Bond

 

Lease Agreement

 

Lease Expire Date

 

Type of Premises

 

 

Management Overview

Organisation chart

 

Level

Position

Name

Unavailable

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

        2 

 

 

 

 

3

 

 

 

 

 

Trade References Detail

Nr

Age of Acc

Credit Limit

Max Credit

Terms

Average Purchases

Terms Taken

Comment

1

Unavailable

 

 

 

 

 

 

2

 

 

 

 

 

 

 

3

 

 

 

 

 

 

 

 

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 Information

 

Bank

Investec Private Bank Ltd

Branch

 

Bank Account Number

 

Type of Account

 

Account Name

 

Overdraft Facilities

Yes/No

Date Opened

 

Bank Code

 

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

 

 

 

 

 

 

 

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

CURRENT ASSETS

Unavailable

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

2

Average Age of Active Principals

62

 

Active Principals

Principal 1 of 2:AMELIA VAN NIEKERK

Surname

VAN NIEKERK

First Name

AMELIA

Other Names

None

Marital Status

 

ID Number

5609300046086

Verified ID Number

Yes

Current Age

56

Designation

Financial Advisor

Status

Active

Appointment Date

2011-11-22

Physical Address (at time of Appointment)

4 Blenhein Road

Die Boord

STELLENBOSCH

WesternCape

Postal Address

PO Box1492

STELLENBOSCH

7599

Current Tel Number

0218872183

Cell number

0828200332

Current Fax Number

 

Current Email Address

 

Shareholding

 

 

 

Adverse Information for AMELIA VAN NIEKERK

 

Judgement

Number of Judgements

None

 

Debt Review

Debt review

None

 

Other

Default data

None

 

Business Information forAMELIA VAN NIEKERK

 

Current Business Interests

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

FINFOCUS FINANCIAL PLANNERS (PTY) LTD

M2003/00326/07

In Business

9 years 3 months

0

No

BRASHVILLE PROPERTIES 42 (PTY) LTD

M2006/022513/07

In Business

5 years10 month

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 AMELIA VAN NIEKERK

 

Title Deed No.

ST9401/2011

Erf/Site No.

4613

Deeds Office

CAPE TOWN

Physical Address

6 RUE MONTPELLIER PEARL MARINA SOMERSET WEST

Property Type

Sectional Title/ Unit

Extent / Size

19.0SQM

Purchase Date

2011-05-03

Purchase price

R1047500.00

% Ownership

0.00

Bond Holder

STANDARD BANK

Bond Number

SB40112011

Bond Amount

R900000.00

 

Title Deed No.

ST9401/2011

Erf/Site No.

4613

Deeds Office

CAPE TOWN

Physical Address

6 RUE MONTPELLIER PEARL MARINA SOMERSET WEST

Property Type

Sectional Title/ Unit

Extent / Size

104.0SQM

Purchase Date

2011-05-03

Purchase price

R1047500.00

% Ownership

0.00

Bond Holder

STANDARD BANK

Bond Number

SB40112011

Bond Amount

R900000.00

 

Principal 2 of 2: GERHARD VAN NIEKERK

Surname

VAN NIEKERK

First Name

GERHARD

Other Names

None

Marital Status

 

ID Number

4309295047089

Verified ID Number

Yes

Current Age

69

Designation

Retired Businessman

Status

Active

Appointment Date

2011-11-22

Physical Address (at time of Appointment)

3 Rowan Street

Mostersdrif

STELLENBOSCH

Western Cape

Postal Address

3 Rowan Street

Mostersdrif

STELLENBOSCH

Western Cape

Current Tel Number

0218829816

Cell number

0824618423

Current Fax Number

 

Current Email Address

 

Shareholding

 

 


Adverse Information for GERHARD VAN NIEKERK

Judgement

Number of Judgements

None

 

Debt Review

Debt review

None

 

Other

Default data

None

 

Business Information for GERARD VAN NIEKERK

Current Business Interests

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

FINFOCUS FINANCIAL PLANNERS (PTY) LTD

M2003/00326/07

In Business

9 years 3 months

0

No

OLD MUTUAL LIFE HOLDINGS (SOUTH AFRICA) (PTY) LTD

M1988/012277/06

In Business

13 years

0

No

OLD MUTUAL LIFE ASSURANCE COMPANY (SOUTH AFRICA) LTD

M2003/003226/07

In Business

9 years 3 months

0

No

 

Previous Business Interests

Average Age of Previous Business Interests

16 years

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

ASHTREE INVESTMENTS LTD

1984/002604/06

Dissolved

28 years 2 months

0

No

FAIRBAIRN INVESTMENT HOLDINGS S A (PTY) LTD

1986/000086/07

Dissolved

26 years 4 months

0

No

TAAIBOSCHPAN LANDGOED CC

1990/005237/23

In Business

22 years 3 months

0

No

THE INVESTMENT DEVELOPMENT UNIT (PTY) LTD

1993/003765/07

Deregistration Final

18 years 10 months

0

No

PEOPLES MORGAGAE LTD

1994/000929/06

In Business

18 years 3 months

1

No

 

 

 

 

 

Deeds Information

 

Property Interestsfor GERARD VAN NIEKERK

 

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.53.64

UK Pound

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 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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.