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Report Date : |
10.12.2013 |
IDENTIFICATION DETAILS
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Name : |
ASA BRAKE AND CLUTCH CC |
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Registered Office : |
157 Rietfontein Roadprimrose Germiston Gauteng1401 |
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Country : |
South Africa |
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Date of Incorporation : |
27.08.2008 |
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Com. Reg. No.: |
B2008/184818/23 |
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Legal Form : |
Private Company |
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Line of Business : |
Not Available |
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No. of Employees : |
Not
Available |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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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 30th, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
South Africa |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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 |
ASA BRAKE AND CLUTCH CC |
|
Country |
South Africa |
|
Account Review |
Recommended Every 6 Months |
|
Subject Contact Person |
LILY KRUGER- FINANCIAL MANAGER |
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Assessment |
This is a well-established business. On investigation we made contact with LILY KRUGER the financial Manager who only assisted with basic information on the subject as she has no idea who, overseas would be wanting the information. We were unable to contact the member. Please see the available information on the subject below. |
|
Registered Name |
ASA BRAKE AND CLUTCH CC |
|
Trading as/ Division Name |
BRAKEFORCE GAUTENG |
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Registration Number |
B2008/184818/23 |
|
Registration Date |
2008/08/27 |
|
Date Commenced Trading |
2008-08-27 |
|
Age of Business |
5 Years 4 Months |
|
History of Business |
The subject was established in 2008 |
|
History of Principals |
There is 1 principle within the subject |
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Shareholders/Members/Partners of subject and % holding |
100% - ANDRE MARVIS BOTHA |
|
Authorised Share Capital |
R 0.00 |
|
Issued Share Capital/Members Contribution |
R 0.00 |
|
Status |
In Business |
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Head Office Physical Address |
157 Rietfontein RoadPrimrose Germiston GAUTENG1401 |
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Head Office Postal Address |
157 Rietfontein RoadPrimrose Germiston GAUTENG1401 |
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Current Tel Number |
0118225419 |
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Current Fax Number |
0118224189 |
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Current Email Address |
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Company Registered Name |
CHARTER FINANCIAL AND AUDITING INC |
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Registration Number |
1992/002371/23 |
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Physical Address |
25 Plantation Road GardensJohannesburg2192 |
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Postal Address |
P O BOX 89438 LYNDHURST 2106 |
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Contact Person |
J SEGEL |
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Contact Number |
0114830911 |
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Email |
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Principals |
2 |
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Practice Number |
936170E |
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VAT Number |
Unavailable |
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Tax Number |
9584347844 |
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BEE Status |
Unavailable |
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Financial Year End |
February |
|
No of years in Business |
4 Years 10 Months |
|
Website |
Unavailable |
Previous Auditors Information - No Information on Record
|
Vat Number |
4720251588 |
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Status |
ACTIVE |
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Vat Liable Date |
2008/11/01 |
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Tax Number |
9252469177 |
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Financial Year End |
February |
Black Economic Empowerment Information - No Information on Record
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
Organisation Chart
|
Level |
Position |
Name |
Comment |
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|||
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1 |
Member |
ANDRE MARIUS BOTHA |
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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 - No information on record
Business Rescue - No Information on Record
Default Listing - No information on record
Notarial Bonds - No information on record
Bank Information - No Information on Record
Bank Code History - No Information on Record
Previous Bank Account Information - No Information on Record
Deeds Information - No information on record
|
Number of Principals |
1 |
|
Average Age of Active Principals |
57 |
Active Principals
Principal - 1 of 1 ANDRE BOTHA
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Surname |
BOTHA |
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First Name |
ANDRE |
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Other Names |
MARIUS |
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Marital Status |
Married |
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ID Number |
5601315051086 |
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Verified ID Number |
Yes |
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Current Age |
57 Years 11 Months |
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Status |
Active |
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Appointment Date |
2008/10/13 |
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Physical Address (at time of Appointment) |
57 HIGHCLIFF WAY NORTHCLIFF JOHANNESBURG 2195 |
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Postal Address |
57 HIGHCHIFF WAY NORTHCLIFF JOHANNESBURG 2008 |
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Current Tel Number |
0119082084 |
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Cell number |
0825253111 |
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Shareholding/Membership |
100.00 |
Adverse
Information for ANDRE BOTHA Principal Judgement
|
Number of Judgements |
1 |
|
Principal Debt
Review |
|
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Debt review |
No Information on Record |
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Other |
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Default data |
No Information on Record |
Business Information for ANDRE BOTHA
Principal Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
AMBOT FUEL AGENCIES CC |
B1998/070801/23 |
In Business |
15 Years 3 Months |
0 |
No |
|
|
AMBOT VEHICLE SERVICE CC |
B1998/070935/23 |
In Business |
15 Years 3 Months |
0 |
No |
|
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ASA BRAKE AND CLUTCH CC |
B2008/184818/23 |
In Business |
5 Years 5 Months |
0 |
No |
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BRAKEFORCE (PTY)LTD |
M2009/013840/07 |
In Business |
4 Years 4 Months |
0 |
No |
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BRAKEFORCE PROPERTIES (PTY)LTD |
M1996/016892/07 |
In Business |
17 Years 5 Months |
0 |
No |
|
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LINK2TELECARE CC |
B2010/097967/23 |
In Business |
3 Years 3 Months |
0 |
No |
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|
VAALDEV PROPERTY AND DEVELOPMENT CC |
2003/094577/23 |
In Business |
10 Years 10 Months |
0 |
No |
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WONDERFUEL |
5601315051003 |
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Unknown |
0 |
No |
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Principal Previous Business Interests
Average Age of Previous Business 15 Years
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|||
|
EXALON 18 CC |
B2002/088802/23 |
Voluntary Liquidation |
11 Years 11 Months |
0 |
Yes |
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|||
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FORCE FUEL CC |
B1995/016234/23 |
Voluntary Liquidation |
18 Years 6 Months |
0 |
Yes |
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|||
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GBMA RENOVATIONS CC |
2007/038499/23 |
Voluntary Liquidation |
6 Years 6 Months |
0 |
Yes |
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|||
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JENBOT AGENCIES CC |
B1998/067401/23 |
Voluntary Liquidation |
15 Years 3 Months |
0 |
Yes |
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|||
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LUKBOT AGENCIES CC |
B1998/067404/23 |
In Business |
15 Years 3 Months |
0 |
No |
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|||
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MONEYMINE 80 (PTY)LTD |
M2000/019587/07 |
Voluntary Liquidation |
13 Years 1 Months |
0 |
Yes |
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|||
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NANINI 423 CC |
B2005/024649/23 |
Deregistration Process |
8 Years 8 Months |
0 |
No |
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|||
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ROBVIN (PTY)LTD |
M1983/002587/07 |
In Business |
30 Years 6 Months |
0 |
No |
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|||
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SARBOT AGENCIES CC |
B1998/067405/23 |
Voluntary Liquidation |
15 Years 3 Months |
0 |
Yes |
|
|||
|
STATUFARMS CC |
B1991/026280/23 |
Voluntary Liquidation |
22 Years 10 Months |
0 |
Yes |
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|||
Principal Deeds
Information
Property Interests for ANDRE BOTHA
|
Title Deed No. |
T120226/2007 |
Erf/Site No. |
|
|
Deeds Office |
PRETORIA |
Physical Address |
508 FRANGIPANI DORINGKRUIN KLERKSDORP |
|
Property Type |
Freehold |
Extent / Size |
2009.0SQM |
|
Purchase Date |
2007/02/09 |
Purchase price |
|
|
% Ownership |
0.00 |
Bond Holder |
ABSA BANK LTD |
|
Bond Number |
B1457252007 |
Bond Amount |
|
Property Interests for ANDRE BOTHA
|
Title Deed No. |
T120227/2007 |
Erf/Site No. |
|
|
Deeds Office |
PRETORIA |
Physical Address |
18 FRANGIPANI DORINGKRUIN KLERKSDORP |
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Property Type |
Freehold |
Extent / Size |
2037.0SQM |
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Purchase Date |
2007/02/09 |
Purchase price |
|
|
% Ownership |
0.00 |
Bond Holder |
ABSA BANK LTD |
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Bond Number |
B1457262007 |
Bond Amount |
|
Property Interests for ANDRE BOTHA
|
Title Deed No. |
T36842/2010 |
Erf/Site No. |
|
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Deeds Office |
JOHANNESBURG |
Physical Address |
NORTHCLIFF RANDBURG |
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Property Type |
Freehold |
Extent / Size |
866.0SQM |
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Purchase Date |
2010/07/29 |
Purchase price |
|
|
% Ownership |
0.00 |
Bond Holder |
A B S A BANK LTD |
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Bond Number |
B277972010 |
Bond Amount |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.79 |
|
UK Pound |
1 |
Rs.100.01 |
|
Euro |
1 |
Rs.83.82 |
INFORMATION DETAILS
|
Report
Prepared by : |
MNL |
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 |
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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 |
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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.