|
Report Date : |
25.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
D I Y LOCK WAREHOUSE CC |
|
|
|
|
Registered Office : |
76
Pomona Road, Kempton Park, 1630 |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
19.03.1999 |
|
|
|
|
Com. Reg. No.: |
B1999/015043/23 |
|
|
|
|
Legal Form : |
Close Corporation |
|
|
|
|
Line of Business : |
Importers
of locks and deadbolts. |
|
|
|
|
No. of Employees : |
2 |
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
|
South Africa |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
SOUTH AFRICA - ECONOMIC OVERVIEW
South Africa is a middle-income, emerging market with an
abundant supply of natural resources; well-developed financial, legal,
communications, energy, and transport sectors and a stock exchange that is the
15th largest in the world. Even though the country possesses modern
infrastructure that support a relatively efficient distribution of goods to
major urban centers throughout the region, some components retard growth. The
economy began to slow in the second half of 2007 due to an electicity crisis.
State power supplier Eskom encountered problems with aging plants and meeting
electricity demand necessitating "load-shedding" cuts in 2007 and
2008 to residents and businesses in the major cities. Subsequently, the global
financial crisis reduced commodity prices and world demand. GDP fell nearly 2%
in 2009 but has recovered since then. Unemployment, poverty, and inequality
remain a challenge, with official unemployment at nearly 25% of the work force.
State power supplier Eskom has built two new power stations and installed new
power demand management programs to improve power grid reliability. South
Africa's economic policy has focused on controlling inflation, however, the
country has had significant budget deficits that restrict its ability to deal
with pressing economic problems. The current government faces growing pressure
from special interest groups to use state-owned enterprises to deliver basic
services to low-income areas and to increase job growth.
Source
: CIA
|
Subject
Name |
D I Y
LOCK WAREHOUSE CC |
|
Country |
South
Africa |
|
Account
Review |
Recommended
Every 6 Months |
|
Subject
Contact Person |
QUINTIN
JURRIUS - 0113961239 |
|
Assessment |
This is
a well established business. On investigation contact was made with the
financial manager QUINTIN JURRIUS who assisted with the company information.
The subject does not have any local dealings as such no trade references were
obtained. A bank code could not be
obtained as the subject declined to provide an account number. The financial
information was declined as this is considered to be confidential. Please see
the available information below. |
|
Registered
Name |
D I Y
LOCK WAREHOUSE CC |
|
Trading
as/ Division Name |
None |
|
Previous
Name |
None |
|
Date of
Name Change |
|
|
Registration
Number |
B1999/015043/23 |
|
Registration
Date |
1999/03/19 |
|
Date
Commenced Trading |
1999-03-19 |
|
Age of
Business |
14 Years
1 Months |
|
History
of Business |
The
subject was established as a new business in 1999 and operations commenced
immediately. |
|
History
of Principals |
There is
1 active member within the business. |
|
Shareholders/Members/Partners
of subject and % holding |
100 % -
VIVIENNE ELLEN JURRIUS |
|
Authorised
Share Capital |
R1000.00 |
|
Issued
Share Capital/Members Contribution |
R 100.00 |
|
Status |
In
Business |
|
Operations
Assessment |
Importers
of locks and deadbolts. |
|
Industry/
Customers |
Private
and Public etc. |
|
Export |
|
|
Export
Countries |
|
|
Import |
Yes |
|
Import
Countries |
China,India |
|
Major
Industry Code / SICC |
83120 |
|
Definition
of Code |
Security
dealing activities |
|
Head
Office Physical Address |
76
POMONA ROAD, KEMPTON PARK, 1630 |
|
Head
Office Postal Address |
PO BOX
10880, ASTON MANOR, 1630 |
|
Current
Tel Number |
0113961239 |
|
Cell
Number |
|
|
Current
Fax Number |
|
|
Current Email
Address |
|
|
Web Site
Address |
|
|
Comments |
|
|
Company
Registered Name |
MOORE
STEPHENS FRRS INC. |
|
Trading
Name |
None |
|
Registration
Number |
M2006/018138/21 |
|
Physical
Address |
MOORE STEPHENS
HOUSE, 6 LAKESIDE PLACE, KLEINFONTEIN LAKE, BENONI, 1501 |
|
Postal
Address |
PO BOX
663, BENONI, 1500 |
|
Contact
Person |
ETTIENE
ROSSOUW |
|
Contact
Number |
0114218374 |
|
Email |
|
|
Principals |
5 |
|
Judgements
Against Subject |
None |
|
Judgements
Against Principals |
None |
|
Subject
Verified as Client |
Yes |
|
Practice
Number |
902317 |
|
VAT
Number |
4750228712 |
|
Tax
Number |
9221278162 |
|
BEE
Status |
|
|
Financial
Year End |
December |
|
No of
years in Business |
2 |
|
Website |
|
|
Comment |
|
Previous
Auditors
|
Company
Name |
Phone
Number |
Time
with previous auditors |
Comment |
|
HBLT
CHARTERED ACCOUNTANTS INC |
|
Unknown |
|
|
PF DE
KLERK |
|
14 |
|
|
P . R.
NIVEN & COMPANY |
|
2 |
|
|
NEXIA
HBLT CHARTERED ACCOUNTANTS (EAST RAND ) INC. |
|
Unknown |
|
|
Vat
Number |
4220211652 |
|
Status |
ACTIVE |
|
Vat
Liable Date |
2004/03/01 |
|
Tax
Number |
9561467847 |
|
Tax
Clearance Expire Date |
|
|
Financial
Year End |
July |
|
Comment |
|
Black
Economic Empowerment Information - No Information on Record
ISO
Information - No Information on Record
Workman's
compensation
|
Registered |
No |
|
Compliance
Certified |
No |
|
Comment |
|
Subsidiaries
Information - No Information on Record
|
Employees |
|
|
Number
of Employees |
2 |
|
1.
Salaried employees |
2 |
|
2. Waged
employees |
|
|
3.
Permanent employees |
2 |
|
4.
Casual employees |
|
|
5.
Contracted employees |
|
|
Comment |
|
Company
Fleet Information - No Information on Record
Offices
|
Offices |
Offices |
|
Head
Office Owned/ Rented |
Owned |
|
Rental
Company |
|
|
Owned by |
GREGORY
PETER JURRIUS |
|
Value |
|
|
Bond |
|
|
Bank |
|
|
Lease
Agreement |
|
|
Lease
Expire Date |
|
|
Type of
Premises |
Offices
and Warehouse |
|
Comment |
|
Branch
Information - No Information on Record
Organisation
Chart
|
Level |
Position |
Name |
Comment |
1 Member VIVIENNE
ELLEN JURRIUS
Company
Structure (Ownership)
Note: One
level up and all levels down
|
Holding |
Company |
Sub |
Comment |
|
100 % -
VIVIENNE ELLEN JURRIUS |
DIY LOCK
WAREHOUSE CC |
|
|
Key Deals
- No Information on Record
|
Trade
Reference nr |
Supplier |
Contact |
Surety
Value |
Notarial
Bonds |
Comment |
|
1 |
|
|
|
|
The
subject imports all goods, there are no local suppliers. |
Trade
References Detail
|
Nr |
Age of
Acc |
Credit
Limit |
Max Credit |
Terms |
Average
Purchases |
Terms
Taken |
Comment |
|
|
|
|
|
|
|
|
|
Adverse
Information on Subject
Judgements
- No information on record Business
Rescue -
No Information on Record
Default
Listing - No information on record
Notarial
Bonds - No information on record
|
Bank |
STANDARD
BANK |
|
Branch |
SANDTON |
|
Brach
Code |
051001 |
|
Bank
Account Number |
DEEMED
CONFIDENTIAL |
|
Type of
Account |
CURRENT |
|
Account
Name |
DIY LOCK
WAREHOUSE CC |
|
Overdraft
Facilities |
NO |
|
Bank
Code |
P |
|
Bank
Comment |
A bank
code could not be obtained as the subject declined to provide a bank account
number. |
Bank Code
History - No Information on Record
Previous Bank
Account Information - No Information on Record
Deeds
Information - No information on record
Principals
|
Number
of Principals |
1 |
|
Average
Age of Active Principals |
47 |
|
Active
Principals Principal
- 1of 1 VIVIENNE JURRIUS |
|
|
Surname |
JURRIUS |
|
First
Name |
VIVIENNE |
|
Other
Names |
ELLEN |
|
Marital
Status |
Married |
|
ID
Number |
6610270035082 |
|
Verified
ID Number |
Yes |
|
Current
Age |
47 |
|
Designation |
Member |
|
Status |
Active |
|
Appointment
Date |
1999/03/19 |
|
Physical
Address (at time of Appointment) |
4 ETON
ROAD, ASTON MANOR, KEMPTON PARK, 1619 |
|
Postal
Address |
PO BOX
10880, ASTON MANOR, 1630 |
|
Current
Tel Number |
0113961239 |
|
Cell
number |
0824521298 |
|
Shareholding/Membership |
100 % |
Principal's
Adverse - No information on record
Business
Information forVIVIENNE JURRIUS
Principal
Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
D I Y LOCK
WAREHOUSE CC |
B1999/015043/23 |
In
Business |
14 Years
1 Months |
0 |
No |
|
Principal
Previous Business Interest
Average
Age of Previous Business 7 Years
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
GRANIV
LOCKSMITHS CC |
B1999/050177/23 |
Deregistration
Final |
13 Years
8 Months |
0 |
No |
|
|
IMPELA
METALS (PTY)LTD |
M2010/014134/07 |
Deregistration
Final |
2 Years
9 Months |
0 |
No |
|
Principal's
Deeds Information - No information on record
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.30 |
|
|
1 |
Rs.82.88 |
|
Euro |
1 |
Rs.70.80 |
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.