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Report Date : |
12.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
ORIENTAL RUBBER INDUSTRIES (SA)PTY)LTD |
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Registered Office : |
Neutron
20, Uraniaville, KLERKSDORP 2570 |
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Country : |
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Date of Incorporation : |
06.03.2007 |
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Com. Reg. No.: |
2007/007154/07 |
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Legal Form : |
Private Limited |
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Line of Business : |
Manufactures conveyor belts specifically for distribution
and sale |
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No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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 |
ORIENTAL RUBBER INDUSTRIES (SA)PTY)LTD |
|
Country |
SOUTH AFRICA |
|
Requested Credit Limit |
Unavailable |
|
Enquiry Terms |
D/A |
|
Account Review |
Every 3 Months |
|
Subject Contact person |
Mrs ANLIE –The accountant
(018 469 1103) |
|
Assessment |
On investigation we made contact with the
subject and we were referred to the accountant Mrs ANLIE. She requested the questionnaire to be sent
to her. We followed up on the questionnaire and Mrs ANLIE has requested that
we give her more time to complete it as she is busy. We are still awaiting a reply. Please see available information on the
subject below. |
|
Registered
Name |
ORIENTAL
RUBBER INDUSTRIES (SA)(PTY)LTD |
|
Trading
as/ Division Name |
ORIENTAL
RUBBER INDUSTRIES |
|
Previous
Name |
None |
|
Date of
Name Change |
None |
|
Registration
Number |
2007/007154/07 |
|
Registration
Date |
2007/03/06 |
|
Date
Commenced Trading |
2007/03/06 |
|
Age of
Business |
5 Years
2 Months |
|
History
of Business |
Since
its establishment in 1949 ORIENTAL RUBBER INDUSTRIES LIMITED is a leading South
Asian producer with over 56 years experience in the field of industrial
rubber products and is the largest manufacturer of textile reinforced
conveyor belts in India |
|
History
of Principals |
There is
currently 1 active director from the CIPC |
|
Shareholders
and % holding |
Unavailable |
|
Authorised
Share Capital |
1000 |
|
Issued
Share Capital |
100 |
|
Status |
In
Business |
|
Operations
Assessment |
The
subject manufactures conveyor belts specifically for distribution and sale |
|
Industry/
Customers |
Mineral
Mining markets Customer
support network in Africa. The
subject also provides conveyer belts and rubber products to industries such
as : the
Steel Coal Cement Power Fertilizers Mining
Aggregates Quarrying Food
Industries |
|
Export |
Yes As most
of the conveyer belts are manufactured in India the company exports its
products to the mineral mining markets mainly around Africa |
|
Major
Industry Code / SICC |
|
|
Definition
of Code |
|
|
Head
Office Physical Address |
Neutron
20 Uraniaville KLERKSDORP 2570 |
|
Head
Office Postal Address |
PO Box
10952 Klerksdorp 2570 |
|
Current
Tel Number |
018
4691103 |
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Cell
number |
Unavailable |
|
Current
Fax Number |
018
4692182 |
|
Current
Email Address |
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|
Web Site
Address |
|
Company Registered
Name |
CORNELISSEN
REKENMEESTERS - KLERKSDORP CC |
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Trading
Name |
CORNELISSEN
REKENMEESTERS KLERKSDORP |
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Registration
Number |
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|
Physical
Address |
18
METEORROAD URANIAVILLE KLERKSDORP 2570 |
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Postal
Address |
PO BOX
10571 KLERKSDORP 2570 |
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Contact
Person |
ANTON
LOMBARD |
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Contact
Number |
018
4691732 |
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Email |
Unavailable |
|
Principals |
1 |
|
Judgements
Against Subject |
None on
Record |
|
Judgements
Against Principals |
None on
Record |
|
Subject
Verified as Client |
Yes |
|
SAICA
number |
818674 |
|
VAT
Number |
Unavailable |
|
Tax
Number |
Unavailable |
|
BEE
Status |
Unavailable |
|
Financial
Year End |
February |
|
Years
With Auditors |
3 |
|
Website |
Unavailable |
Previous Auditors
|
Company Name |
Phone Number |
Time with previous auditors |
|
A M
COETZEE |
Unavailable |
4 |
|
BOBAT&
ASSOCIATES |
Unavailable |
Unknown |
|
Vat
Number |
4740236221 |
|
Status |
Active |
|
Vat
Liable Date |
2007-04-01 |
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Tax
Number |
9567841151 |
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Tax Clearance
Expire Date |
Unavailable |
|
Financial
Year End |
March |
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Status |
Yes – 50
% Black Owned |
|
Score |
Unavailable |
|
Expire
Date |
Unavailable |
|
BEE
Certificate Available |
None
available |
|
Type of
ISO Grade |
9001:2000 |
|
ISO
Certificate |
Yes |
|
ISO
Certificate Available |
None
available |
|
Certified
by an Accredited Agent |
Yes |
|
Registered |
Unavailable |
|
Compliance
Certified |
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Subsidiaries
|
Subsidiary
Company |
Unavailable |
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Shareholding |
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Registration
Number |
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Import /
Export |
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Number of Employees |
Unavailable |
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Salaried
employees |
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Waged
employees |
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Permanent
employees |
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Casual
employees |
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Contracted
employees |
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Company Fleet |
No of vehicles: |
Owned/ Leased |
Value |
Outstanding Balance |
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Fleet
Operations |
|
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The
Fleet is made up of |
Unavailable |
|||
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Offices |
Unavailable |
Head
Office Owned/ Rented |
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Branches Names |
Country |
Province |
|
Unavailable |
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Branches
Owned/ Rented |
Unavailable |
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Rental
Company |
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Level |
Position |
Name |
|
Unavailable |
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Company Structure (Ownership)
Note: One level up and all levels down
|
Holding |
Company |
Sub |
|
Unavailable |
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Key deals signed within the
past 12 months.
|
Company |
Value |
Contact |
|
Unavailable |
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Trade Reference nr |
Supplier |
Contact |
Surety Value |
Notarial Bonds |
|
1 |
Unavailable |
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Trade References Detail
|
Nr |
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
|
1 |
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Judgements
|
Judgements |
None |
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Possible Judgements |
None |
|
Civil Court |
None |
|
RDs |
None |
Business Rescue
|
Date registered |
Business rescue practitioner |
Contact Information |
Details |
|
None |
|
|
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Default Listings
|
Date |
Details |
|
None |
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Notarial Bonds
|
Date |
Details |
|
None |
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|
Bank |
Unavailable |
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Branch |
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Bank Account Number |
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Type of Account |
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Account Name |
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Overdraft Facilities |
Yes/No |
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Date Opened |
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Bank Code |
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Bank Comment |
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Bank Codes History
|
Date requested |
Bank Code |
Enquiry Amount |
Number of RD’s |
RD amount |
RD Date |
Bank Comments |
Years with bank |
|
None |
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Previous Bank Accounts
|
Banker |
Branch Code |
Account Holder |
Account number |
Date opened |
Years with bank |
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None |
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Property Interests for Company
|
Title Deed No. |
None |
Erf/Site No. |
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|
Deeds Office |
|
Physical Address |
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Property Type |
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Extent / Size |
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|
Purchase Date |
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Purchase price |
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% Ownership |
|
Bond Holder |
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|
Bond Number |
|
Bond Amount |
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Financial Estimates
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CURRENT ASSETS |
Unavailable |
|
Stock |
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|
Debtors |
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FIXED ASSETS |
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|
Plant, Equipment, Vehicles |
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|
Property |
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CURRENT LIABILITIES |
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|
Creditors |
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Loans/ From? |
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LONG TERM LIABILITIES |
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Morgage Bonds |
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Previous Year Turnover |
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Estimated Current Year Turnover |
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Current Turnover per month |
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|
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 |
1 |
|
Average Age of Active Principals |
47 |
Active Principals
Principal 1 of 1: VISHAL VIJEYNAND MAKAR
|
Surname |
MAKAR |
|
First Name |
Vishal
Vijeynand |
|
Other Names |
None |
|
Marital Status |
Unavailable |
|
ID Number |
19650822 |
|
Verified ID Number |
No |
|
Current Age |
47 |
|
Designation |
Business
Person |
|
Status |
Active |
|
Appointment Date |
2007/06/27 |
|
Physical Address (at time of Appointment) |
19
Sonmarg 67/B
Nepean Sea Road Mumbai 400006 INDIA |
|
Postal Address |
Oriental
Rubber Industries LTD Shravany
Gardens 20 Viman
Nagar Pune 411014 INDIA |
|
Current Tel Number |
Unavailable |
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Cell number |
Unavailable |
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Current Fax Number |
Unavailable |
|
Current Email Address |
Unavailable |
|
Shareholding |
Unavailable |
Adverse Information for: VISHAL VIJEYNAND MAKAR
Judgement
|
Number of Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Business Information for: VISHAL VIJEYNAND MAKAR
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
ORIENTAL
RUBBER INDUSTRIES (SA) (PTY)LTD |
2007/007154/07 |
In Business |
5 Years 2 Months |
0 |
No |
Previous Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
None |
|
|
|
|
|
Deeds Information
Property Interests for: VISHAL VIJEYNAND MAKAR
|
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 |
|
|
1 |
Rs.86.42 |
|
Euro |
1 |
Rs.69.28 |
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.