|
Report Date : |
07.08.2013 |
IDENTIFICATION DETAILS
|
Name : |
RYKWOUD MARKETING AND
MINING (PTY)LTD |
|
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|
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Registered Office : |
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Country : |
|
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Date of Incorporation : |
04.03.2013 |
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Com. Reg. No.: |
K2013/035807/07 |
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|
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Legal Form : |
Private Company |
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Line of Business : |
Manufacture of machinery for
mining, quarrying and construction |
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No. of Employees : |
1 |
RATING & COMMENTS
|
MIRA’s Rating : |
NB |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
---- |
NB |
New Business |
---- |
|
Status : |
New Business |
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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 – 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 |
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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 |
RYKWOUD
AAARKETING AND MINING (PTY)LTD |
|
Country |
SOUTH
AFRICA |
|
Subject
Contact Person |
EWALD
RYKAART-SALES DIRECTOR |
|
Assessment |
This is
a brand new business. On investigation contact was made with the Sales
Director, EWOUD RYKAART. The company has been operating for 5 months. Due to
the infancy of the company, no trade references or financial information was
made available. The bank account number was also declined. The physical
address provided by yourself: 9 PRIMS STREET INDUSTRIAL BRITS,NORTH WEST
PROVINCE is the previous address of the company. Due to the lack of
information we are unable to recommend any credit dealings. Please see the
information obtained below. |
|
Registered
Name |
RYKWOUD
MARKETING AND MINING (PTY)LTD |
|
Trading
as/ Division Name |
SOLSTECH
MINING |
|
Previous
Name |
None |
|
Date of
Name Change |
None |
|
Registration
Number |
K2013/035807/07 |
|
Registration
Date |
2013/03/04 |
|
Date
Commenced Trading |
2013-03-04 |
|
Age of
Business |
5 Months |
|
History
of Business |
RYKWOUD
MARKETING AND MINING (PTY)LTD trading as SOLSTECH commenced trading as a new
business in March 2013. |
|
History
of Principals |
There
are two active directors within the company. |
|
Shareholders/Members/Partners
of subject and % holding |
60 % -
EWOUD RYKAART, 40 % - HESTER OOSTENDURP |
|
Authorised
Share Capital |
R0.00 |
|
Issued Share
Capital/Members Contribution |
R0.00 |
|
Status |
In
Business |
|
Operations
Assessment |
The
company is involved in the supply of mining consumables. |
|
Industry/
Customers |
The
mining industry |
|
Export |
None |
|
Import |
None |
|
Major Industry
Code / SICC |
35740 |
|
Definition
of Code |
Manufacture
of machinery for mining, quarrying and construction |
|
Head
Office Physical Address |
45 DE
WIT STREET, BRITS, 0250 - 9 PRINS STREET, BRITS, 0250 is the previous address
of the company. |
|
Head
Office Postal Address |
P O Box
823, MOOINOOI, 0325 |
|
Current
Tel Number |
None |
|
Cell
Number |
0825610622 |
|
Current
Fax Number |
None |
|
Current
Email Address |
|
|
Web Site
Address |
www. so
Istec h. co. za |
|
Comments |
|
|
Company
Registered Name |
APS
ACCOUNTING AND PAYROLL SOLUTIONS CC |
|
Trading
Name |
APS
ACCOUNTING |
|
Registration
Number |
2011/044191/23 |
|
Physical
Address |
79
PIENAAR STREET, BRITS, 0250 |
|
Postal
Address |
PO BOX
2104, BRITS, 0250 |
|
Contact
Person |
PETRUS
JOHANNES LOURENS |
|
Contact
Number |
012
2526003 |
|
Email |
|
|
Principals |
1 |
|
Judgements
Against Subject |
None On
Record |
|
Judgements
Against Principals |
1 |
|
Subject
Verified as Client |
Yes |
|
Practice
Number |
Unavailable |
|
VAT
Number |
None |
|
Tax
Number |
9462979163 |
|
BEE
Status |
Unavailable |
|
Financial
Year End |
February |
|
No of
years in Business |
Years 5
Months |
|
Website |
|
|
Comment |
|
Previous auditiors
– No Information on
|
Vat
Number |
The company
is not VAT registered |
|
Status |
INACTIVE |
|
Vat
Liable Date |
|
|
Tax
Number |
The
company is not TAX registered |
|
Tax
Clearance Expire Date |
|
|
Financial
Year End |
Unavailable |
|
Comment |
|
|
Black
Economic Empowerment |
|
|
Status |
No |
|
Score |
|
|
Expire
Date |
|
|
BEE
Certificate Available |
No |
|
Comment |
The
company is not BEE certified |
ISO
Information - No Information on Record
Work Mans
Information - No Information on Record
Subsidiaries
|
Subsidiary
Company |
There
are no reported subsidiary companies |
|||
|
Shareholding |
|
|||
|
Registration
Number |
|
|||
|
Import /
Export |
|
|||
|
Comment |
|
|||
|
Employees |
||||
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Number
of Employees |
1 |
|||
|
1.
Salaried employees |
1 |
|||
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2. Waged
employees |
0 |
|||
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3.
Permanent employees |
1 |
|||
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4.
Casual employees |
0 |
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5.
Contracted employees |
0 |
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Comment |
|
|||
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Company
Fleet |
||||
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Company
Fleet |
No of
vehicles: |
Ownerd/Leased |
Value |
Outstanding
Balance |
|
Fleet
Operations |
|
|
|
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|
The
Fleet is made up of |
0 |
|||
|
Comment |
There
are no vehicles registered in the name of the company |
|||
|
|
0 |
|
|
|
|
Offices |
Offices |
|
Head
Office Owned/ Rented |
Leased |
|
Rental
Company |
Unavailable |
|
Owned by |
N/A |
|
Value |
|
|
Bond |
|
|
Bank |
Unavailable |
|
Lease
Agreement |
Unavailable |
|
Lease
Expire Date |
Unavailable |
|
Type of
Premises |
Office |
|
Comment |
|
Branch
Information
|
Branches
Names |
Country |
Province |
|
There
are no reported branches of the company |
South
Africa |
None |
|
Branch
Detail Information |
||
|
Branches
Owned/ Rented |
|
|
|
Rental
Company |
None |
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|
Owned by |
None |
|
|
Value |
|
|
|
Bond |
|
|
|
Bank |
None |
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|
Lease
Agreement |
None |
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|
Lease
Expire Date |
None |
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|
Type of
Premises |
None |
|
|
Comment |
|
|
Organisation Chart
|
Level |
Position |
Name |
Comment |
|
|
|||
|
1 |
Managing
Director |
EWOUD
RYKAART |
|
|
|
|||
|
1 |
Director |
HESTER
OOSTENDURP |
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Company
Structure (Ownership)
Note: One level up and all levels down
|
Holding |
Company |
Sub |
Comment |
|
60 % - EWOUD RYKAART |
RYKWOUD
MARKETING AND MINING (PTY) LTD |
|
|
|
40 % - HESTER OOSTENDURP |
RYKWOUD MARKETING
AND MINING (PTY) LTD |
|
|
Key Deals
- No Information on Record
Trade
References Information - No Information on Record
Adverse
Information on Subject
|
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
|
Date |
Details |
Comment |
|
|
There is
no information found on file |
No
Information on Record |
|
Bank |
FIRST
NATIONAL BANK |
|
Branch |
RUSTENBURG |
|
Brach
Code |
250655 |
|
Bank
Account Number |
Declined |
|
Type of
Account |
CURRENT |
|
Account
Name |
RYKWOUD AAARKETING
AND MINING (PTY)LTD |
|
Overdraft
Facilities |
The
company does not require overdraft facilities |
|
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
|
Number
of Principals |
2 |
|
Average
Age of Active Principals |
48 |
|
Active
Principals Principal - 1of 2 EWALD RYKAART |
|
|
Surname |
RYKAART |
|
First
Name |
EWALD |
|
Other
Names |
NONE |
|
Marital
Status |
|
|
ID
Number |
5901065088084 |
|
Verified
ID Number |
Yes |
|
Current
Age |
54 Years
7 Months |
|
Designation |
Managing
Director |
|
Status |
Active |
|
Appointment
Date |
2013/03/04 |
|
Physical
Address (at time of Appointment) |
NO 15
SILVERCREEK GORGE, BARNARDSVLEI, 0325 |
|
Postal
Address |
P 0 BOX
1795, MOOINOOI, 0325 |
|
Current
Tel Number |
0122500642 |
|
Cell
number |
0823789842 |
|
Shareholding/Membership |
60% |
Business
Information forEWALD RYKAART Principal Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
RYKWOUD AAARKETING
AND MINING (PTY)LTD |
K2013/035807/07 |
In
Business |
5 Months |
0 |
No |
|
Principal
Previous Business Interest
Principal's
Deeds Information - No information on record
Average
Age of Previous Business 16 Years
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
LARNY
PROMOTIONS CC |
B1989/028561/23 |
Deregistration
Final |
24 Years |
0 |
No |
|
|
PLATINUM
BATTERY TECHNOLOGIES (PTY) LTD |
M2005/024240/07 |
In
Business |
8 Years
8 Months |
0 |
No |
|
|
Principal
- 2of 2 HESTER OOSTENDURP |
|
|
Surname |
OOSTENDURP |
|
First
Name |
HESTER |
|
Other
Names |
JOHANNA
ELIZABETH |
|
Marital
Status |
|
|
ID
Number |
7111150132080 |
|
Verified
ID Number |
Yes |
|
Current
Age |
41 Years
9 Months |
|
Designation |
Director |
|
Status |
Active |
|
Appointment
Date |
2013/03/04 |
|
Physical
Address (at time of Appointment) |
53 NYALA
STREET, MOOINOOI, NORTH WEST PROVINCE, 0325 |
|
Postal
Address |
P O BOX
823, MOOINOOI, 0325 |
|
Current
Tel Number |
Unavailable |
|
Cell number |
Unavailable |
|
Shareholding/Membership |
40% |
Business
Information forHESTER OOSTENDURP Principal Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
BLASTWORX
ENGINEERING (PTY) LTD |
K2012/159848/07 |
In
Business |
1 Years
1 Months |
0 |
No |
|
|
RYKWOUD
AAARKETING AND MINING (PTY)LTD |
K2013/035807/07 |
In
Business |
5 Months |
0 |
No |
|
|
SOLSTECH
(PTY) LTD |
M2008/019111/07 |
In
Business |
5 Years
5 Months |
1 |
No |
|
Principal's
Deeds Information - No information on record
Principal
Previous Business Interest
Average
Age of Previous Business
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
|
|
|
|
|
|
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.53 |
|
|
1 |
Rs.94.37 |
|
Euro |
1 |
Rs.81.58 |
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.