|
Report Date : |
24.08.2013 |
IDENTIFICATION DETAILS
|
Name : |
JOHN
MOFFAT PROLOCK (PTY)LTD |
|
|
|
|
Formerly Known As : |
JOHN
MOFFAT PROLOCK CC |
|
|
|
|
Registered Office : |
16
Kindon Road, Robertsham, Johannesburg, 2091 |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
29.09.1999 |
|
|
|
|
Com. Reg. No.: |
M1999/021887/07 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Manufacture
of Parts and Accessories For Motor Vehicles and Their Engines |
|
|
|
|
No. of Employees : |
120 |
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 |
|
Payment Behaviour : |
Unknown |
|
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.
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 |
JOHN
MOFFAT PROLOCK (PTY)LTD |
|
Country |
SOUTH
AFRICA |
|
Subject
Contact Person |
PETER
HEATHAM - Accountant |
|
Assessment |
This is
an established business. On investigation contact was made with PETER
HEATHAM. The subject was established in 1985. The company has one local supplier
who declined to assist with a reference. The bank account number and
financials were considered confidential as he is not aware of any credit
dealings with suppliers based in India. No adverse information was revealed
during the investigation. Please see the information obtained below. |
|
Registered
Name |
JOHN
MOFFAT PROLOCK (PTY)LTD |
|
Trading
as/ Division Name |
JOHN
MOFFAT PROLOCK |
|
Previous
Name |
JOHN
MOFFAT PROLOCK CC |
|
Date of
Name Change |
1999-09-29 |
|
Registration
Number |
M1999/021887/07 |
|
Registration
Date |
1999/09/29 |
|
Date
Commenced Trading |
18 July
1985 |
|
Age of
Business |
13 Years
11 Months |
|
History
of Business |
JOHN
MOFFAT PROLOCK CC was registered in July 1999 as a close corporation registration
number 1985/007936/23 and later converted to a private company in September
1999. |
|
History
of Principals |
There
are four active directors within the company. |
|
Shareholders/Members/Partners
of subject and % holding |
Unavailable |
|
Authorised
Share Capital |
R 0.00 |
|
Issued
Share Capital/Members Contribution |
R 0.00 |
|
Status |
In
Business |
|
Operations
Assessment |
The
company is involved in the alteration of rubber sheeting into gaskets as well
as sponge and metal into other completed products. |
|
Industry/
Customers |
The
manufacturing and mining industry. |
|
Export |
Unknown |
|
Export
Countries |
|
|
Import |
Unknown |
|
Import
Countries |
|
|
Major
Industry Code / SICC |
3830 |
|
Definition
of Code |
MANUFACTURE
OF PARTS AND ACCESSORIES FOR MOTOR VEHICLES AND THEIR ENGINES |
|
Head
Office Physical Address |
16
KINDON ROAD, ROBERTSHAM, JOHANNESBURG, 2091 |
|
Head
Office Postal Address |
P.O.
BOX 3586, LYNDHURST, 2106 |
|
Current
Tel Number |
0114331870 |
|
Cell
Number |
0824906053 |
|
Current
Fax Number |
0114331453 |
|
Current
Email Address |
|
|
Web Site
Address |
|
|
Comments |
|
|
Company
Registered Name |
ALAN
LEVITAN - 4801105101007 |
|
Trading
Name |
ALAN
LEVITON AND ASSOCIATES |
|
Registration
Number |
SOLE
PROPRIETORSHIP |
|
Physical
Address |
228 ATHOL
STREET, HIGHLANDS NORTH, JOHANNESBURG, GAUTENG |
|
Postal
Address |
P O BOX
89837, LYNDHURST, 2106 |
|
Contact
Person |
Unavailable |
|
Contact
Number |
0117863350 |
|
Email |
Unavailable |
|
Principals |
1 |
|
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 |
963402 |
|
VAT
Number |
4790182572 |
|
Tax
Number |
There is
no information found on file |
|
BEE Status |
Undisclosed |
|
Financial
Year End |
February |
|
No of
years in Business |
4 Years
4 Months |
|
Website |
None |
|
Comment |
|
Previous
Auditors Information - No Information on Record
|
Vat
Number |
4780103018 |
|
Status |
ACTIVE |
|
Vat
Liable Date |
1991/09/30 |
|
Tax
Number |
9315124843 |
|
Tax
Clearance Expire Date |
|
|
Financial
Year End |
February |
|
Comment |
|
|
Black
Economic Empowerment |
|
|
Status |
Yes |
|
Score |
7.00 |
|
Expire
Date |
Jun 25 2014 |
|
BEE
Certificate Available |
Yes |
|
Comment |
|
|
ISO
Status |
|
|
Type of
ISO Grade |
ISO
9001:2000 |
|
ISO
Certificate |
Yes |
|
ISO
Certificate Available |
Yes |
|
Certified
by an Accredited Agent |
Yes |
|
Comment |
|
|
Workman's
compensation |
|
|
Registered |
Yes |
|
Compliance
Certified |
Yes |
|
Comment |
|
Subsidiaries
|
Subsidiary
Company |
There
are no reported subsidiaries |
|||
|
Shareholding |
|
|||
|
Registration
Number |
|
|||
|
Import /
Export |
|
|||
|
Comment |
|
|||
|
Employees |
||||
|
Number
of Employees |
120 |
|||
|
1.
Salaried employees |
120 |
|||
|
2. Waged
employees |
0 |
|||
|
3.
Permanent employees |
120 |
|||
|
4.
Casual employees |
0 |
|||
|
5.
Contracted employees |
0 |
|||
|
Comment |
|
|||
|
Company
Fleet |
||||
|
Company
Fleet |
No of
vehicles: |
Ownerd/Leased |
Value |
Outstanding
Balance |
|
Fleet
Operations |
|
|
|
|
|
The
Fleet is made up of |
|
|||
|
Comment |
|
|||
|
Light
delivery Vehicles |
Owned |
|||
Offices
|
Offices |
Offices |
|
Head
Office Owned/ Rented |
Owned |
|
Rental
Company |
|
|
Owned by |
|
|
Value |
|
|
Bond |
|
|
Bank |
|
|
Lease
Agreement |
None |
|
Lease
Expire Date |
|
|
Type of
Premises |
Office
and a Factory |
|
Comment |
|
Branch
Information - No Information on Record
Management
Overview
Organisation
Chart
|
Level |
Position |
Name |
Comment |
|
|
|||
|
1 |
MANAGING
DIRECTOR |
JOHN
HAARHOFF |
|
|
|
|||
|
2 |
DIRECTOR |
GRAHAM
EDKINS |
|
|
|
|||
|
3 |
DIRECTOR |
PETER NELSON |
|
|
|
|||
|
4 |
DIRECTOR |
ERNEST
EDKINS |
|
Company
Structure Information - No Information on Record
Note: One
level up and all levels down
Key Deals
- No Information on Record
Trade
References
|
Trade
Reference nr |
Supplier |
Contact |
Surety
Value |
Notarial
Bonds |
Comment |
|
1 |
KLINGER
MZANSI |
0118428300 |
|
|
Declined |
Trade
References Detail
|
Nr |
Age of
Acc |
Credit
Limit |
Max
Credit |
Terms |
Average
Purchases |
Terms
Taken |
Comment |
|
1 |
|
|
|
|
|
|
Declined |
Adverse
Information on Subject
Judgements
- No information on record
BusinessRescue
- No Information on Record
Default
Listing - No information on record
Notarial
Bonds - No information on record
|
Bank |
STANDARD
BANK |
|
Branch |
Universal |
|
Brach
Code |
051001 |
|
Bank
Account Number |
Declined |
|
Type of
Account |
Current
Account |
|
Account
Name |
JOHN
MOFFAT PROLOCK (PTY)LTD |
|
Overdraft
Facilities |
Confidential |
|
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 |
4 |
|
Average
Age of Active Principals |
54 |
|
Active
Principals Principal - 1of 4 JOHN HAARHOFF |
|
|
Surname |
HAARHOFF |
|
First
Name |
JOHN |
|
Other
Names |
MICHAEL |
|
Marital
Status |
Married |
|
ID
Number |
7504185023086 |
|
Verified
ID Number |
Yes |
|
Current
Age |
38 Years
4 Months |
|
Designation |
Managing
Director |
|
Status |
Active |
|
Appointment
Date |
2012/11/07 |
|
Physical
Address (at time of Appointment) |
59 19TH
STREET, PARKHURST, 2193 |
|
Postal Address |
P O BOX
5965, CRESTA, CRESTA, 2118 |
|
Current
Tel Number |
0114331870 |
|
Cell
number |
0824693693 |
|
Shareholding/Membership |
0.00 |
Principal's
Adverse - No information on record
Business Information
forJOHN HAARHOFF Principal Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
JOHN
MOFFAT PROLOCK (PTY)LTD |
M1999/021887/07 |
In
Business |
14 Years
2 Months |
0 |
No |
|
Principal
Previous Business Interests
Principal's
Deeds Information - No information on record
Principal
- 2of 4 ERNEST EDKINS
|
Surname |
EDKINS |
|
First
Name |
ERNEST |
|
Other
Names |
PHILIP |
|
Marital
Status |
Divorced |
|
ID
Number |
5603115066082 |
|
Verified
ID Number |
Yes |
|
Current
Age |
56 Years
9 Months |
|
Designation |
Director |
|
Status |
Active |
|
Appointment
Date |
1999/09/29 |
|
Physical
Address (at time of Appointment) |
16
KINDON ROAD, ROBERTSHAM, JOHANNESBURG, 2091 |
|
Postal
Address |
PO BOX
3586,, JOHANNESBURG,, JOHANNESBURG,, 2000 |
|
Current
Tel Number |
0114331870 |
|
Cell
number |
0824906053 |
|
Shareholding/Membership |
0.00 |
Principal's
Adverse - No information on record
Business Information
forERNEST EDKINS
Principal
Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
BPDCINVESTMENTS
CC |
B1996/057316/23 |
Conversion
CO/CC or CC/CO |
17 Years
5 Months |
0 |
No |
|
|
JOHN
MOFFAT PROLOCK (PTY)LTD |
M1999/021887/07 |
In
Business |
14 Years
2 Months |
0 |
No |
|
Principal
Previous Business Interes
Average
Age of Previous Business I 41 Years
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
16
KINDON ROAD PROPERTIES (PTY)LTD |
M1999/022328/07 |
In
Business |
14 Years
2 Months |
0 |
No |
|
|
BRYANSTON
UNITED NURSERY SCHOOL ASSOCIATION |
M1972/000012/08 |
In
Business |
41 Years
5 Months |
0 |
No |
|
|
JOHN
MOFFAT (PTY)LTD |
M1946/021597/07 |
Deregistration
Final |
67 Years
7 Months |
0 |
No |
|
|
VERSATILE
SOLUTIONS (PTY)LTD |
M1970/013756/07 |
Deregistration
Final |
43 Years
7 Months |
0 |
No |
|
Principal's
Deeds Information - No information on record
Principal
- 3of 4
PETER
NELSON
|
Surname |
NELSON |
|
First
Name |
PETER |
|
Other
Names |
NORMAN
TUDHOPE |
|
Marital
Status |
Married |
|
ID
Number |
5206145029003 |
|
Verified
ID Number |
Yes |
|
Current
Age |
61 Years
2 Months |
|
Designation |
Director |
|
Status |
Active |
|
Appointment
Date |
1999/09/29 |
|
Physical
Address (at time of |
227
ASTON STREET, SANDOWN, 2196 |
|
Appointment) |
|
|
Postal
Address |
PO BOX
100, STRATHAVAN, 2031 |
|
Current
Tel Number |
0114331870 |
|
Cell
number |
0786115103 |
|
Shareholding/Membership |
0.00 |
Principal's
Adverse - No information on record
Business
Information forPETER NELSON
Principal
Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
EVA
INDUSTRIES (PTY)LTD |
M1963/000301/07 |
In
Business |
50 Years
2 Months |
0 |
No |
|
|
JOHN
MOFFAT PROLOCK (PTY)LTD |
M1999/021887/07 |
In
Business |
14 Years
2 Months |
0 |
No |
|
|
NATAL
GASKETS (PTY)LTD |
M2009/001300/07 |
In
Business |
4 Years
4 Months |
0 |
No |
|
Principal
Previous Business Interests
Average
Age of Previous Business 24
Years
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
16 KINDON
ROAD PROPERTIES (PTY)LTD |
M1999/022328/07 |
In
Business |
14 Years
2 Months |
0 |
No |
|
|
CAMHOLD
SA (PTY)LTD |
M1998/003615/07 |
Deregistration
Final |
15 Years
3 Months |
0 |
No |
|
|
VERSATILE
SOLUTIONS (PTY)LTD |
M1970/013756/07 |
Deregistration
Final |
43 Years
7 Months |
0 |
No |
|
Principal's
Deeds Information - No information on record
Principal
- 4of 4 GRAHAM EDKINS
|
Surname |
EDKINS |
|
First
Name |
GRAHAM |
|
Other
Names |
VERNON |
|
Marital
Status |
Married |
|
ID
Number |
5201075019009 |
|
Verified
ID Number |
Yes |
|
Current
Age |
61 Years
1 Months |
|
Designation |
Director |
|
Status |
Active |
|
Appointment
Date |
1999/09/29 |
|
Physical
Address (at time of |
46
FRENCH LANE, MORNINGSIDE, SANDTON, 2196 |
|
Appointment) |
|
|
Postal
Address |
P O BOX
228, RIVONIA, 2128 |
|
Current
Tel Number |
0114331870 |
|
Cell
number |
0826007322 |
|
Shareholding/Membership |
0.00 |
Principal's
Adverse - No information on record
Business Information
forGRAHAM EDKINS Principal Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
EVA
INDUSTRIES (PTY)LTD |
M1963/000301/07 |
In
Business |
50 Years
2 Months |
0 |
No |
|
|
JOHN
MOFFAT PROLOCK (PTY)LTD |
M1999/021887/07 |
In
Business |
14 Years
2 Months |
0 |
No |
|
|
NATAL
GASKETS (PTY)LTD |
M2009/001300/07 |
In
Business |
4 Years
4 Months |
0 |
No |
|
|
PASSFIELD
PROPERTIES CC |
B2009/155146/23 |
In
Business |
4 Years
4 Months |
0 |
No |
|
|
VELCAN
TRADING CC |
B2011/074904/23 |
In
Business |
2 Years
2 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 |
|
16
KINDON ROAD PROPERTIES (PTY)LTD |
M1999/022328/07 |
In
Business |
14 Years
2 Months |
0 |
No |
|
Principal's
Deeds Information - No information on record
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.69 |
|
|
1 |
Rs.100.79 |
|
Euro |
1 |
Rs.86.30 |
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.