|
Report Date : |
02.08.2013 |
IDENTIFICATION DETAILS
|
Name : |
RUWAG
(PTY) LTD |
|
|
|
|
Formerly Known As : |
FUELECTRIC
(ALBERTON) (PTY) LTD |
|
|
|
|
Registered Office : |
21 Prop
Street, Selby, Johannesburg |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
08.05.2012 |
|
|
|
|
Com. Reg. No.: |
M1982/009887/07 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Wholesale
trade in construction materials, hardware, plumbing and heating equipment and
supplies |
|
|
|
|
No. of Employees : |
No Complaints |
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 – March, 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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 electricity 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 |
RUWAG
(PTY) LTD |
|
Country |
South
Africa |
|
Subject
Contact Person |
HESTER
- Accountant |
|
Assessment |
This
is a well-established business. On investigation contact was made with
HESTER, the accountant of the company. The company has been operating for 30
Years 9 Months. According to HESTER, the company underwent a name change from
FUELECTRIC (ALBERTON) (PTY) LTD to RUWAG (PTY) LTD. All financial
information, trade references, company structure information was declined as
the identity of the principal enquirer was requested. No further details were
made available. Please see the information obtained below. |
|
Registered
Name |
RUWAG
(PTY)LTD |
|
Trading
as/ Division Name |
RUWAG
TOOLS |
|
Previous
Name |
FUELECTRIC
(ALBERTON) (PTY) LTD |
|
Date
of Name Change |
2012-05-08 |
|
Registration
Number |
M1982/009887/07 |
|
Registration
Date |
1982/10/26 |
|
Date
Commenced Trading |
1982-10-26 |
|
Age
of Business |
30
Years 9 Months |
|
History
of Business |
RUWAG
(PTY)LTD trading as RUWAG TOOLS was registered in 1982 and underwent a name
change from FUELECTRIC (ALBERTON) (PTY) LTD to the current name.No further
details were made available. |
|
History
of Principals |
There
are 2 active directors within the company. |
|
Shareholders/Members/Partners
of subject and % holding |
Unavailable |
|
Authorised
Share Capital |
R0.00 |
|
Issued
Share Capital/Members Contribution |
R0.00 |
|
Status |
In
Business |
|
Operations
Assessment |
The
company is involved in the retail of power tools. |
|
Industry/
Customers |
The
construction industry |
|
Export |
None |
|
Import |
Yes |
|
Import
Countries |
India |
|
Major
Industry Code / SICC |
61430 |
|
Definition
of Code |
Wholesale
trade in construction materials, hardware, plumbing and heating equipment and
supplies |
|
Head
Office Physical Address |
21
PROP STREET, SELBY, JOHANNESBURG |
|
Head
Office Postal Address |
P
0 BOX 38021, BOOYSENS, 2016 |
|
Current
Tel Number |
0114980800 |
|
Cell
Number |
0836563303 |
|
Current
Fax Number |
0114980900 |
|
Current
Email Address |
|
|
Web
Site Address |
|
Company
Registered Name |
CONNAUGHTON
MILLER SMITH INC |
|
Trading
Name |
None |
|
Registration
Number |
M1996/018149/21 |
|
Physical
Address |
40
SENATOR MARKS AVE, VEREENIGING, 1939 |
|
Postal
Address |
P
0 BOX 319, VEREENIGING, 1930 |
|
Contact
Person |
Unavailable |
|
Contact
Number |
0164551807 |
|
Email |
|
|
Principals |
4 |
|
Judgements
Against Subject |
There
is no information found on file |
|
Judgements
Against Principals |
There
is no information found on file |
|
Subject
Verified as Client |
Yes |
|
Practice
Number |
901040E |
|
VAT
Number |
4840164166 |
|
Tax
Number |
9081006687 |
|
BEE
Status |
Unavailable |
|
Financial
Year End |
February |
|
No
of years in Business |
2
Years 8 Months |
|
Website |
|
|
Comment |
|
Previous
Auditors
|
Company
Name |
Phone
Number |
Time
with previous auditors |
Comment |
|
CONNAUGHTON
MILLER AND SMITH |
|
30
Years 4 Months |
|
|
Vat
Number |
4790107454 |
|
Status |
ACTIVE |
|
Vat
Liable Date |
1991/09/30 |
|
Tax
Number |
9130120687 |
|
Tax
Clearance Expire Date |
|
|
Financial
Year End |
June |
|
Comment |
|
|
|
|
|
Vat
Number |
4870212638 |
|
Status |
DEREGISTERED |
|
Vat
Liable Date |
2004/07/01 |
|
Tax
Number |
9130120687 |
|
Tax
Clearance Expire Date |
|
|
Financial
Year End |
June |
|
Comment |
|
|
Black
Economic Empowerment |
|
|
Status |
No |
|
Score |
|
|
Expire
Date |
|
|
BEE
Certificate Available |
No |
|
Comment |
|
ISO
Information - No Information on Record
Work
Mans Information - No Information on Record
Subsidiaries
Information - No Information on Record
Employees
Information - No Information on Record
Company
Fleet Information - No Information on Record
Offices
Information - No Information on
Record
Branch
Information - No Information on
Record
Organisational
Chart - No Information on Record
Company
Structure Information - No Information on Record
Note: One level up and all levels down
Key Deals -
No Information on Record
Trade
References Information - No Information on Record
Judgements
|
Judgements |
None |
|
Possible
Judgements |
None |
|
Civil
Court |
0 |
|
RDs |
0 |
|
Comment |
No
Information on Record |
Business
Rescue
|
Date
registered |
Business
rescue practitioner |
Contact
Information |
Details |
Comment |
|
|
There
is no information found on file |
No
Information on Record |
No
Information on Record |
No
Information on Record |
Default
Listings
|
Date |
Details |
Comment |
|
|
There
is no information found on file |
No
Information on Record |
Notarial
Bonds - No information on record
|
Bank |
STANDARD
BANK |
|
Branch |
DECLINED |
|
Brach
Code |
051001 |
|
Bank
Account Number |
DECLINED |
|
Type
of Account |
DECLINED |
|
Account
Name |
DECLINED |
|
Overdraft
Facilities |
DECLINED |
|
Bank
Code |
|
|
Bank
Comment |
|
Bank Code
History - No Information on Record
Previous
Bank Account Information - No Information on Record
Deeds
Information - No information on record
|
Number
of Principals |
3 |
|
Average
Age of Active Principals |
59 |
|
Active
Principals Principal - 1of 2 WOLFGANG VON EY |
|
|
Surname |
VON
EY |
|
First
Name |
WOLFGANG |
|
Other
Names |
|
|
Marital
Status |
|
|
ID
Number |
6901045432088 |
|
Verified
ID Number |
Yes |
|
Current
Age |
44
Years 6 Months |
|
Designation |
BUSINESSMN |
|
Status |
Active |
|
Appointment
Date |
2003/03/01 |
|
Physical
Address (at time of Appointment) |
116
ILKLEY ROAD, ATHOLL, SANDTON, 2196 |
|
Postal
Address |
P
0 BOX 319, VEREENIGING, 1930 |
|
Current
Tel Number |
0164402100 |
|
Cell
number |
0825534818 |
|
Shareholding/Membership |
0.00 |
Business
Information forWOLFGANG VON EY Principal Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
D
E MANAGEMENT SERVICES CC |
B2008/180542/23 |
In
Business |
5
Years 5 Months |
0 |
No |
|
|
DESAMARK
(PTY) LTD |
M1989/001630/07 |
In
Business |
0 |
0 |
No |
|
|
DIESEL-ELECTRIC
(0 F S) (PTY)LTD |
M1956/002758/07 |
In
Business |
57
Years 9 Months |
0 |
No |
|
|
DIESEL-ELECTRIC
(VAAL-OFS) (PTY) LTD |
M1982/001834/07 |
In
Business |
31
Years 7 Months |
1 |
No |
|
|
E-CAR
(PTY)LTD |
M2004/006504/07 |
In
Business |
9
Years 9 Months |
0 |
No |
|
|
KILOTON
HYDRAULICS PNEUMATICS TOOLS AND ABRASIVES (PTY) LTD |
M2001/000836/07 |
In
Business |
0 |
0 |
No |
|
|
KILOTON
HYDRAULICS PNEUMATICS TOOLS AND ABRASIVES-BLOEMF ONTEIN (PTY)LTD |
M2000/026496/07 |
In
Business |
13
Years 1 Months |
0 |
No |
|
|
KILOTON
TOOLS CC |
B2002/033768/23 |
In
Business |
11
Years 11 Months |
0 |
No |
|
|
MACS
AUTOMOTIVE AIRCON AND REFRIGERATION (PTY) LTD |
M1983/005948/07 |
In
Business |
30
Years 6 Months |
0 |
No |
|
|
RUWAG
(PTY)LTD |
M1982/009887/07 |
In
Business |
31
Years 7 Months |
0 |
No |
|
|
SIPPE
ESTATES (PTY) LTD |
M2000/004770/07 |
In
Business |
13
Years 1 Months |
0 |
No |
|
|
SIPPE MANAGEMENT
CONSULTANTS (PTY) LTD |
M1999/000520/07 |
In
Business |
14
Years 2 Months |
0 |
No |
|
|
SUPERIOR
AUTO ELECTRO AND DIESEL (PTY)LTD |
M1990/000724/07 |
In
Business |
23
Years 11 Months |
0 |
No |
|
|
THE
JE SUIS PREST HOUSE CC |
B1995/010269/23 |
Conversion
CO/CC or CC/CO |
18
Years 6 Months |
0 |
No |
|
Principal
Previous Business Interests
Average
Age of Previous Business 14
Years
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
SIX HAVEN INVESTMENTS (PTY) LTD |
M1999/000651/07 |
In Business |
14 Years 2 Months |
0 |
No |
|
Principal's
Deeds Information - No information on reco
|
Principal
- 2of 2 WOLFGANG VON EY |
|
|
Surname |
VON
EY |
|
First
Name |
WOLFGANG |
|
Other
Names |
|
|
Marital
Status |
|
|
ID
Number |
3507155065189 |
|
Verified
ID Number |
Yes |
|
Current
Age |
78
Years |
|
Designation |
Director |
|
Status |
Active |
|
Appointment
Date |
1983/02/05 |
|
Physical
Address (at time of Appointment) |
53
SUMMERVIEW ESTATE, 1 FISH EAGLE DRIVE, THREE RIVERS EAST, 1941 |
|
Postal
Address |
P
O BOX 773, VEREENIGING, VEREENIGING, 1930 |
|
Current
Tel Number |
0164402104 |
|
Cell
number |
0825597348 |
|
Shareholding/Membership |
0.00 |
Business
Information forWOLFGANG VON EY Principal Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
D
E MANAGEMENT SERVICES CC |
B2008/180542/23 |
In
Business |
5
Years 5 Months |
0 |
No |
|
|
DIESEL-ELECTRIC
(0 F S) (PTY)LTD |
M1956/002758/07 |
In
Business |
57
Years 9 Months |
0 |
No |
|
|
DIESEL-ELECTRIC
(VAAL-OFS) (PTY) LTD |
M1982/001834/07 |
In
Business |
31
Years 7 Months |
1 |
No |
|
|
FUELECTRIC
MANAGEMENT COMPANY (PTY) LTD |
M1970/006080/07 |
In
Business |
43
Years 7 Months |
0 |
No |
|
|
GOLDEN
HARVEST MILLS (PTY)LTD |
M1998/008805/07 |
In
Business |
15
Years 3 Months |
0 |
No |
|
|
KILOTON
HYDRAULICS PNEUMATICS TOOLS AND ABRASIVES (PTY) LTD |
M2001/000836/07 |
In
Business |
0 |
0 |
No |
|
|
KILOTON
HYDRAULICS PNEUMATICS TOOLS AND ABRASIVES-BLOEMF ONTEIN (PTY)LTD |
M2000/026496/07 |
In
Business |
13
Years 1 Months |
0 |
No |
|
|
KILOTON
TOOLS CC |
B2002/033768/23 |
In
Business |
11
Years 11 Months |
0 |
No |
|
|
MACS
AUTOMOTIVE AIRCON AND REFRIGERATION (PTY) LTD |
M1983/005948/07 |
In
Business |
30
Years 6 Months |
0 |
No |
|
|
RUWAG
(PTY)LTD |
M1982/009887/07 |
In
Business |
31
Years 7 Months |
0 |
No |
|
|
VD
RYST INVESTMENTS CC |
B1990/023354/23 |
In
Business |
23
Years 11 Months |
0 |
No |
|
|
VESA
HOLDINGS (PTY) LTD |
M1981/010772/07 |
In
Business |
32
Years 8 Months |
0 |
No |
|
Principal
Previous Business Interest
Average
Age of Previous Business 16
Years
|
Company Name |
Registration No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
DESAMARK
(PTY)LTD |
M1989/001630/07 |
In Business |
|
0 |
No |
|
|
E-CAR
(PTY)LTD |
M2004/006504/07 |
In
Business |
9
Years 9 Months |
0 |
No |
|
|
TAAAADAS
(PTY)LTD |
M1973/015194/07 |
Deregistration
Final |
40
Years 4 Months |
0 |
No |
|
Principal's
Deeds Information - No information on record
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.74 |
|
|
1 |
Rs.92.05 |
|
Euro |
1 |
Rs.80.60 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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.