|
Report Date : |
10.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
CONSULATION SUPPLIES (PTY)LTD |
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Registered Office : |
Unit 1 Montague Square 28 Montague Drivemontague Gardes Cape Town |
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Country : |
South Africa |
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Date of Incorporation : |
30.07.2007 |
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Com. Reg. No.: |
M2007/021360/07 |
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Legal Form : |
Private Company |
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Line of Business : |
· manufacturer and distributor of insulating material, copper and electro mechanicals for motor, magnets, and transformers. Manufacturer
of primary non-ferrous metal products, excluding precious metals |
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No. of Employees : |
25 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
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 |
|
Low |
A2 |
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Moderate |
B1 |
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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 |
CONSULATION SUPPLIES (PTY)LTD |
|
Country |
South Africa |
|
Enquiry Terms |
Unavailable |
|
Subject Contact Person |
PATRIC FERREIRA (FINANCIAL DIRECTOR) |
|
Assessment |
This is an established business. On investigation contact was made with PATRIC FERREIRA the Financial Director. He declined financial information but assisted with basic details. We are awaiting further trade references and banking details . Please see the available information on the subject below. |
|
Registered Name |
CONSULATION SUPPLIES (PTY)LTD |
|
Trading as/ Division Name |
None |
|
Previous Name |
None |
|
Date of Name Change |
N/A |
|
Registration Number |
M2007/021360/07 |
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Registration Date |
2007/07/30 |
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Date Commenced Trading |
2007-07-30 |
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Age of Business |
6 Years 5 Months |
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History of Business |
The subject was established in 2007 |
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History of Principals |
There are 3 principles within the subject |
|
Shareholders/Members/Partners of subject and % holding |
33.333% - TREVOR WATSON 33.333%- AUBREY KEARNEY33.333% - PATRICK FERREIRA |
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Authorised Share Capital |
R1000.00 |
|
Issued Share Capital/Members Contribution |
R 100.00 |
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Status |
In Business |
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Operations Assessment |
The subject main operation is to manufacture and distribute insulating material, copper and electro mechanicals for motor, magnets, and transformers.. |
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Industry/ Customers |
The subject main customers are Private companies |
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Import |
Yes |
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Import Countries |
India |
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Major Industry Code / SICC |
5202 |
|
Definition of Code |
Manufacture
of primary non-ferrous metal products, excluding precious metals |
|
Head Office Physical Address |
Unit
1 Montague Square 28 Montague DriveMontague Gardes CAPE TOWN |
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Head Office Postal Address |
P O BOX 6697
JOHANNESBURG 2000 |
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Current Tel Number |
0215554562 |
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Current Fax Number |
0215554583 |
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Current Email Address |
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Web Site Address |
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Company Registered Name |
MAZARS |
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Physical Address |
5 St Davids PlaceMoore Rowland HouseParktownJOHANNESBURG2193 |
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Postal Address |
P O BOX 6697JOHANNESBURG2000 |
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Contact Person |
Ronnie Buch |
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Contact Number |
0115474000 |
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Email |
|
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Subject Verified as Client |
Yes |
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Practice Number |
900222 |
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VAT Number |
4060121318 |
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Tax Number |
Unavailable |
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BEE Status |
Unavailable |
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Financial Year End |
Unavailable |
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Website |
Previous Auditors Information - No Information on Record
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Vat Number |
4870241264 |
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Status |
ACTIVE |
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Vat Liable Date |
2007/11/01 |
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Tax Number |
9271476179 |
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Financial Year End |
February |
Black Economic Empowerment
|
|
|
Status |
Yes |
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Score |
8.00 |
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BEE Certificate Available |
No |
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Comment |
The subject current BEE Certificate has expired, the new one is in
process. |
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ISO Information -
No Information on Record |
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Workman's compensation
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Registered |
Yes |
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Compliance Certified |
Yes |
Subsidiaries
Information - No Information on Record
Employees
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Number of Employees |
25 |
|||
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1. Salaried employees |
25 |
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2. Waged employees |
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|||
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3. Permanent employees |
25 |
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Company Fleet |
||||
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Company Fleet |
No of vehicles: |
Owned/Leased |
Value |
Outstanding Balance |
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Fleet Operations |
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The Fleet is made up of |
2 |
|||
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Comment |
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|||
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Light delivery Vehicles |
2 |
Leased |
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Offices |
Offices |
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Head Office Owned/ Rented |
Leased |
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Owned by |
Trevor Watson |
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Type of Premises |
Offices and Warehouse |
|
|
Branch
Information |
||
|
Branches Names |
Country |
Province |
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CONSULATION
SUPPLIERS PTY LTD |
South Africa |
Free State |
|
Branch Detail
Information |
||
|
Branches Owned/ Rented |
Leased |
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Rental Company |
Unavailable |
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Owned by |
Unavailable |
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Type of Premises |
Office Blocks with Warehouse |
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Organisation Chart
|
Level |
Position |
Name |
Comment |
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|||
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1 |
CEO |
TREVOR WATSON |
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2 |
Managing Director |
AUBREY KEARNEY |
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|||
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3 |
Commercial Director |
PATRICK FERREIRA |
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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 |
3 |
|
Average Age of Active Principals |
47 |
Active Principals
Principal - 1 of 3
PATRICK FERREIRA
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Surname |
FERREIRA |
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First Name |
PATRICK |
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Other Names |
|
|
Marital Status |
|
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ID Number |
6010015140000 |
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Verified ID Number |
Yes |
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Current Age |
53 Years 11 Months |
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Designation |
BUSINESS EXECUTIVE |
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Status |
Active |
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Appointment Date |
2008/12/01 |
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Physical Address (at time of Appointment) |
13 BLUE WATERS JENNY LANE BLOUBERGSANDS 7441 |
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Postal Address |
P O BOX 60792 TABLEVIEW 7439 |
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Current Tel Number |
0215554562 |
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Cell number |
0832660624 |
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Shareholding/Membership |
33.333% |
Principal's Adverse -
No information on record
Business Information
for PATRICK FERREIRA
Principal Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
CONSULATION SUPPLIES (PTY)LTD |
M2007/021360/07 |
In Business |
6 Years 6 Months |
0 |
No |
|
|
DE GRENDEL SERVICE STATION CC |
B1997/034453/23 |
In Business |
16 Years 4 Months |
0 |
No |
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Principal Previous Business Interests
Average Age of Previous Business 13 Years
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
FERBROS SERVICE STATION MONTAGUE GARDENS(CAPE) CC |
B1989/040395/23 |
Deregistration Final |
|
0 |
No |
|
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GOTTHARD INVESTMENTS CC |
B1985/008171/23 |
Dissolved |
28 Years 4 Months |
0 |
No |
|
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HOSTPROPS1011 CC |
B1999/019355/23 |
Deregistration Final |
14 Years 2 Months |
0 |
No |
|
|
MCMILLAN''S LODGE N1 CAPE TOWN UNIT 99 CC |
B1997/056738/23 |
In Business |
16 Years 4 Months |
0 |
No |
|
|
SUMMERLANE TRADING 120 CC |
B2006/143437/23 |
In Business |
7 Years 7 Months |
0 |
No |
|
Principal - 2 of 3
AUBREY KEARNEY
|
Surname |
KEARNEY |
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First Name |
AUBREY |
|
Other Names |
|
|
Marital Status |
|
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ID Number |
7311135234080 |
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Verified ID Number |
Yes |
|
Current Age |
40 Years 1 Months |
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Designation |
BUSINESS EXECUTIVE |
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Status |
Active |
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Appointment Date |
2008/12/01 |
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Physical Address (at time of Appointment) |
36 DIAZ STREET BOTHASIG CAPE TOWN 7441 |
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Postal Address |
36 DIAZ STREET BOTHASIG CAPE TOWN 7441 |
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Current Tel Number |
0215554583 |
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Cell number |
0829044676 |
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Shareholding/Membership |
33.333% |
Principal's Adverse -
No information on record
Business Information
for AUBREY KEARNEY
Principal Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
CONSULATION SUPPLIES (PTY)LTD |
M2007/021360/07 |
In Business |
6 Years 6 Months |
0 |
No |
|
Principal Deeds
Information
Property Interests
for AUBREY KEARNEY
|
Title Deed No. |
T54973/2004 |
Erf/Site No. |
|
|
Deeds Office |
CAPE TOWN |
Physical Address |
36 DIAZ BOTHASIG MILNERTON |
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Property Type |
Freehold |
Extent / Size |
634.0SQM |
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Purchase Date |
2004/03/09 |
Purchase price |
|
|
% Ownership |
0.00 |
Bond Holder |
A B S A BANK LTD |
|
Bond Number |
B438012004 |
Bond Amount |
|
Principal - 3 of 3
TREVOR WATSON
|
Surname |
WATSON |
|
First Name |
TREVOR |
|
ID Number |
6305105128000 |
|
Verified ID Number |
Yes |
|
Current Age |
50 Years 7 Months |
|
Designation |
BUSINESS EXECUTIVE |
|
Status |
Active |
|
Appointment Date |
2007/07/30 |
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Physical Address (at time of Appointment) |
P O BOX 780 EDENVALE 1610 |
|
Postal Address |
PO BOX 780 EDENVALE 1610 |
|
Current Tel Number |
0116092070 |
|
Cell number |
0836060500 |
|
Shareholding/Membership |
33.333% |
Principal's Adverse -
No information on record
Business Information for
TREVOR WATSON
Principal Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
C AND C HARD CHROME (PTY)LTD |
M1984/011493/07 |
Deregistration Process |
29 Years 5 Months |
0 |
No |
|
|
C AND C HIGH VELOCITY SPRAYERS (PTY)LTD |
M1996/012433/07 |
Deregistration Process |
17 Years 5 Months |
0 |
No |
|
|
CHRISTICOLA HOLDINGS (PTY)LTD |
M2008/022860/07 |
In Business |
5 Years 5 Months |
0 |
No |
|
|
COILMECH (PTY)LTD |
M1963/001758/07 |
In Business |
50 Years 2 Months |
0 |
No |
|
|
COLOUR CHROME PLATING (PTY)LTD |
M1956/001180/07 |
In Business |
57 Years 9 Months |
0 |
No |
|
|
CONSULATION SUPPLIES (PTY)LTD |
M2007/021360/07 |
In Business |
6 Years 6 Months |
0 |
No |
|
|
E E T (S A) (PTY)LTD |
M1966/010859/07 |
In Business |
47 Years 11 Months |
0 |
No |
|
|
E E T MAGNETS PERSONNEL CC |
B1998/054965/23 |
In Business |
15 Years 3 Months |
0 |
No |
|
|
E E T PERSONNEL CC |
B1998/037642/23 |
In Business |
15 Years 3 Months |
0 |
No |
|
|
EDISON ELECTROPLATING WORKS (PTY)LTD |
M1974/003210/07 |
In Business |
39 Years 3 Months |
0 |
No |
|
|
EDISON GROUP (PTY)LTD |
M1948/032256/07 |
In Business |
65 Years 5 Months |
0 |
No |
|
|
GROUND BAR INDUSTRIES (PTY)LTD |
M1984/007619/07 |
In Business |
29 Years 5 Months |
0 |
No |
|
|
KEY WORLD TECHNOLOGIES (PTY)LTD |
M2008/029454/07 |
In Business |
5 Years 5 Months |
0 |
No |
|
|
ROTOMECH SERVICES (PTY)LTD |
M1999/025467/07 |
In Business |
14 Years 2 Months |
0 |
No |
|
|
S A HARD CHROME COMPANY (PTY)LTD |
M1965/006033/07 |
In Business |
0 |
0 |
No |
|
|
S A INDUCTION HARDENING (PTY)LTD |
M1988/006681/07 |
In Business |
25 Years 1 Months |
0 |
No |
|
|
VITHIWE PERSONNEL (PTY)LTD |
M2010/022056/07 |
In Business |
3 Years 3 Months |
0 |
No |
|
|
WESSELS AND WATSON STEEL (PTY)LTD |
M2008/000484/07 |
In Business |
5 Years 5 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 |
|
GLADIATOR LOCK COMPANY (PTY)LTD |
M1990/006344/07 |
In Business |
23 Years 11 Months |
0 |
No |
|
|
HOISTING AND
HANDLING CONTROLS (PTY)LTD |
M2002/019883/07 |
In Business |
11 Years 11 Months |
0 |
No |
|
|
RAINBOW LOCKS (PTY)LTD |
M1964/004124/07 |
Deregistration Final |
49 Years 1 Months |
0 |
No |
|
|
TRAVELJOY CC |
B1999/045478/23 |
Deregistration Final |
14 Years 2 Months |
0 |
No |
|
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 |
|
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.