|
Report Date : |
04.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
HILLSIDE ALUMINIUM LTD |
|
|
|
|
Formerly Known As : |
HILLSIDE
ALUMINIUM (PTY) LTD |
|
|
|
|
Registered Office : |
9 West
Central Arterial, Richards Bay, Kwazulu-Natal, 3900 |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
23.02.2001 |
|
|
|
|
Com. Reg. No.: |
M2001/004091/06 |
|
|
|
|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
Mining Sector |
|
|
|
|
No. of Employees : |
1500 |
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 : |
Good |
|
Payment Behaviour : |
Regular |
|
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
|
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; a stock exchange that is the 18th largest in the world; and modern infrastructure supporting a relatively efficient distribution of goods to major urban centers throughout the region. Growth was robust from 2004 to 2007 as South Africa reaped the benefits of macroeconomic stability and a global commodities boom but began to slow in the second half of 2007 due to an electricity crisis and the subsequent global financial crisis' impact on commodity prices and demand. GDP fell nearly 2% in 2009 but recovered in 2010-11. Unemployment remains high and outdated infrastructure has constrained growth. 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. Daunting economic problems remain from the apartheid era - especially poverty, lack of economic empowerment among the disadvantaged groups, and a shortage of public transportation. South Africa''s economic policy is fiscally conservative focusing on controlling inflation and attaining a budget surplus. The current government largely follows these prudent policies but must contend with the impact of the global crisis and is facing 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 |
HILLSIDE ALUMINIUM LTD |
|
Country |
South Africa |
|
Account Review |
Recommended Every 6
Months |
|
Subject Contact Person |
GWEN NAIDOO -
Superintendent Accountant |
|
Assessment |
This is a well-established and well -connected business. On
investigation contact was made with MS. G NAIDOO, the Superintendent of
Accounting of the subject. The business has been in operation for 12 years.
Only two trade references were made available. A bank code could not be
obtained as the account details were declined. Financial Statements of the
Holding company BHPBiliton are attached. No adverse information was revealed
during the investigation. The contact person supplied by yourselves, THILO
NAIDOO was unable to assist. Please see the information obtained below. |
|
Registered Name |
HILLSIDE ALUMINIUM LTD |
|
Trading as/ Division Name |
HILLSIDE |
|
Previous Name |
HILLSIDE ALUMINIUM (PTY)
LTD |
|
Date of Name Change |
Sep 5 2002 12:00AM |
|
Registration Number |
M2001/004091/06 |
|
Registration Date |
2001/02/23 |
|
Date Commenced Trading |
FEBRUARY 2001 |
|
Age of Business |
11 Years 10 Months |
|
History of Business |
HILLSIDE ALUMINIUM LTD was
previously registered as HILLSIDE ALUMINIUM (PTY) LTD (2001/004091/07) and
underwent a name change in February 2001 to the current name. |
|
History of Principals |
There are 8 active
directors of the concern |
|
Shareholders/Members/Partners
of subject and % holding |
BHP Billiton PLC 100%, HILLSIDE ALUMINIUM LTD,HILLSBAYSIDE and MOZAL
smelters operate as subsidaries of BHP BILLITON PLC. |
|
Authorised Share Capital |
R1000.00 |
|
Issued Share
Capital/Members Contribution |
R 1.00 |
|
Status |
In Business |
|
Operations Assessment |
The concern operates as a smelter and a major producer of primary
aluminium. Metal intended for export purposes are are sold to BHP BILLITON
MARKETING. |
|
Industry/ Customers |
Mining Sector |
|
Export |
Declined |
|
Export Countries |
Martinique |
|
Import |
|
|
Import Countries |
|
|
Major Industry Code /
SICC |
25202 |
|
Definition of Code |
COASTAL MINING OPERATIONS |
|
Head Office Physical
Address |
9 West Central Arterial, Richards Bay,
KWAZULU-NATAL, 3900 |
|
Head Office Postal
Address |
P O BOX 897, RICHARDS
BAY, 3900 |
|
Current Tel Number |
0359088675 / 8111 |
|
Cell Number |
0833023018 |
|
Current Fax Number |
0359088311 / 9546 |
|
Current Email Address |
|
|
Web Site Address |
aluminium.bhpbilliton.co.za |
|
Comments |
|
|
Company Registered Name |
KPMG INC |
|
Trading Name |
None |
|
Registration Number |
M1999/021543/21 |
|
Physical Address |
200 Norvic Drive, Port
Elizabeth, 6001 |
|
Postal Address |
P O BOX 1662, PORT
ELIZABETH, 6000 |
|
Contact Person |
|
|
Contact Number |
0413951500 |
|
Email |
|
|
Principals |
205 |
|
Judgements Against
Subject |
No information on file |
|
Judgements Against
Principals |
6 |
|
Subject Verified as
Client |
Yes |
|
Practice Number |
922234E |
|
VAT Number |
4530188665 |
|
Tax Number |
9559555843 |
|
BEE Status |
Undisclosed |
|
Financial Year End |
August |
|
No of years in Business |
Unknown |
|
Website |
|
|
Comment |
|
|
Company Name |
Phone Number |
Time with previous auditors |
Comment |
|
PHILLIP MULLER AND COMPANY |
|
Unknown |
|
|
DELOITE AND TOUCHE |
|
Unknown |
|
|
Vat Number |
4460199757 |
|
Status |
ACTIVE |
|
Vat Liable Date |
2002/07/01 |
|
Tax Number |
9513131145 |
|
Tax Clearance Expire Date |
|
|
Financial Year End |
June |
|
Comment |
|
|
Black Economic
Empowerment |
|
|
Status |
|
|
Score |
|
|
Expire Date |
|
|
BEE Certificate Available |
|
|
Comment |
On December 2011,BHP Billiton Energy Coal South
Africa (BECSA) has entered into an empowerment transaction with a black-owned
ASSOCIATION led by Pembani Group |
|
ISO
Status |
|
|
Type of ISO Grade |
|
|
ISO Certificate |
Yes |
|
ISO Certificate Available |
Yes |
|
Certified by an
Accredited Agent |
Yes |
|
Comment |
|
|
Workman's compensation |
|
|
Registered |
Yes |
|
Compliance Certified |
Yes |
|
Comment |
|
Subsidiaries
Information - No Information on Record
|
Employees |
|
|
Number of Employees |
1500 |
|
1. Salaried employees |
|
|
2. Waged employees |
|
|
3. Permanent employees |
|
|
4. Casual employees |
|
|
5. Contracted employees |
|
|
Comment |
The staff breakdown was
not made available |
|
Company Fleet |
|
|
Company Fleet |
No of vehicles: Ownerd/Leased Value Outstanding Balance |
|
Fleet Operations |
|
|
The Fleet is made up of |
|
|
Comment |
There are vehicles
registered in the name of the company, further details were not made available |
|
Light delivery Vehicles |
|
Offices
|
Offices |
Offices |
|
Head Office Owned/ Rented |
Owned |
|
Rental Company |
Freehold title |
Branch Information - No Information on Record
Management Overview
Organisation Chart
Level | Position | Name |
Comment
~1 I GTENERAL MANAGER I MARK ELDERTON DAVIS
~~2 I HEAD OF FINANCE I SIMON DUNCOMBE
~~3 I MANAGER - EXTERNAL
AFFAIRS I BHEKUYISE KHUMALO
~~4 I MANAGER CARBON I NICOLE ULLBRICHT
~~5 [OPERATIONS DIRECTOR
HILLSIDE I LUCAS MSIMANGA
ALUMINIUM
~~6 I GENERAL MANAGER HILLSIDE I GUSTAV
GRIESSEL
ALUMINIUM
Company Structure
Information - No Information on Record
Note: One
level up and all levels down
Trade
References
|
Trade Reference nr |
Supplier |
Contact |
Surety Value |
Notarial Bonds |
Comment |
|
1 |
RICHARDSBAY CHEMICALS |
0357511702 |
R 0.00 |
0 |
|
|
2 |
DICKSON MARKETING |
082 8984474 |
R 0.00 |
0 |
|
Trade
References Detail
|
Nr |
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average |
Terms Taken |
Comment |
|
|
|
|
|
Purchases |
|
|
|
|
1 |
5 YEARS |
|
|
30 days |
|
30 days |
Good Account, All figures considered confirdential, however considered good for R100 000 over 30 days |
|
2 |
19 YEARS |
R 6000000.00 |
R 4000000 |
30 DAYS |
R 2000000 |
30 DAYS |
EXCELLENT ACCOUNT |
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
Information - No Information on Record Bank Code History - No Information on
Record
Previous Bank
Account Information - No Information on Record
Property
Interests for CompanyHILLSIDE ALUMINIUM LTD
|
Title Deed No. |
T35456/2003 |
Erf/Site No. |
|
|
Deeds Office |
PIETERMARITZBURG |
Physical Address |
RICHARDS BAY |
|
Property Type |
Freehold / Ervin |
Extent / Size |
140.5932SQM |
|
Purchase Date |
2002/05/22 |
Purchase price |
|
|
% Ownership |
0.00 |
Bond Holder |
|
|
Bond Number |
K23742003S |
Bond Amount |
|
|
Comment |
|
||
|
|
|||
|
Title Deed No. |
T59596/2008 |
Erf/Site No. |
|
|
Deeds Office |
PIETERMARITZBURG |
Physical Address |
RICHARDS BAY |
|
Property Type |
Freehold / Ervin |
Extent / Size |
2.6713H |
|
Purchase Date |
2005/03/18 |
Purchase price |
|
|
% Ownership |
0.00 |
Bond Holder |
|
|
Bond Number |
I-622009LG |
Bond Amount |
|
|
Comment |
|
||
Financial Estimates
|
Comment |
Financial statements as
at 30 June 2012 of holding company attached |
|
Please note the
following: |
|
|
Turnover and assets less than R 1,000,000.00 |
The subject falls within
the National Credit Act |
|
Turnover and assets less than R
2,000,000.00 |
The subject falls within
the Consumer Protection Act |
Principals
|
Number of Principals |
7 |
|
Average Age of Active
Principals |
45 |
|
Active
Principals SIMON DUNCOMBE |
|
|
Surname |
DUNCOMBE |
|
First Name |
SIMON |
|
Other Names |
|
|
Marital Status |
|
|
ID Number |
E4013322 |
|
Verified ID Number |
No |
|
Current Age |
Unknown |
|
Designation |
HEAD OF FINANCE |
|
Status |
Active |
|
Appointment Date |
2011/07/01 |
|
Physical Address (at time
of Appointment) |
1 AUGUSTA AVENUE,
MZINGAZI GOLF ESTATE, MEERENSEE, RICHARDS BAY, 3901 |
|
Postal Address |
P O BOX 897, RICHARDS
BAY, 3900 |
|
Current Tel Number |
0359088651 |
|
Cell number |
0834170056 |
|
Shareholding/Membership |
0.0000 |
Principal's Adverse - No information on record
Business
Information forSIMON DUNCOMBE Principal Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
BILLITON ALUMINIUM SA LTD |
M1967/004817/06 |
In Business |
45 Years 9 Months |
0 |
No |
|
|
HILLSIDE ALUMINIUM LTD |
M2001/004091/06 |
In Business |
11 Years 11 Months |
0 |
No |
|
Principal's Deeds Information - No information on record
BHEKUYISE KHUMALO
|
Surname |
KHUMALO |
|
First
Name |
BHEKUYISE
|
|
Other
Names |
None |
|
Marital
Status |
Married |
|
ID Number |
7311115234084
|
|
Verified
ID Number |
Yes |
|
Current
Age |
39 |
|
Designation
|
MANAGER
- EXTERNAL AFFAIRS |
|
Status |
Active |
|
Appointment
Date |
2010/06/24 |
|
Physical
Address (at time of Appointment) |
269
BEVERLEY ESTATE, BEVERLEY, JOHANNESBURG, GAUTENG, 2082 |
|
Postal
Address |
PO BOX
201, FOURWAYS, NORTH, GAUTENG, 2086 |
|
Current
Tel Number |
0113011800 |
|
Cell No. |
0825705649 |
|
Shareholding
/ Membership |
0.0000 |
Principal's Adverse - No information on record
Business Information forB HEKUYISE KHUMALO
Principal Current Business Interests
|
Company
Name |
Registration No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
SAFIRI TRADING
(PTY)LTD |
K2012/158314/07 |
In Business |
0 |
0 |
No |
|
|
BILLITON ALUMINIUM
SA LTD |
M1967/004817/06 |
In Business |
45
Years 9 Months |
0 |
No |
|
|
HILLSIDE ALUMINIUM LTD |
M2001/004091/06 |
In Business |
11
Years 11 Months |
0 |
No |
|
Principal Previous Business Interests
Average Age of Previous Business 7 Years
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
ZETCHEM
DISTRIBUTION AND TRADING CC |
B2005/135908/23 |
Deregistration
Final |
7 Years 7 Months |
0 |
No |
|
Principal's Deeds Information - No information on record
NICOLE ULLBRICHT
|
Surname |
ULLBRICHT |
|
First Name |
NICOLE |
|
Other Names |
|
|
Marital Status |
Divorced |
|
ID Number |
6904150128087 |
|
Verified ID Number |
Yes |
|
Current Age |
43 |
|
Designation |
MANAGER CARBON |
|
Status |
Active |
|
Appointment Date |
2010/06/24 |
|
Physical Address (at time of Appointment) |
5 LOODSVISLYN, MEERENSEE, RICHARDS BAY, 3900 |
|
Postal Address |
P O BOX 897, RICHARDS BAY, 3900 |
|
Current Tel Number |
0359088456 |
|
Cell number |
0839088456 |
|
Shareholding/Membership |
0.0000 |
Principal's Adverse - No information on record
Business Information forN ICOLE ULLBRICHT
Principal Current Business Interests
|
Company
Name |
Registration No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
BILLITON ALUMINIUM
SA LTD |
M1967/004817/06 |
In Business |
45
Years 9 Months |
0 |
No |
|
|
HILLSIDE ALUMINIUM LTD |
M2001/004091/06 |
In Business |
11
Years 11 Months |
0 |
No |
|
Principal's
Deeds Information - No information on record
MARK DAVIS
|
Surname |
DAVIS |
|
First
Name |
MARK |
|
Other
Names |
ELDERTON |
|
ID
Number |
7301170000000
|
|
Verified
ID Number |
No |
|
Current
Age |
39 |
|
Designation
|
GENERAL
MANAGER |
|
Status |
Active |
|
Appointment
Date |
2010/06/24 |
|
Physical
Address (at time of Appointment) |
4
PONYFISH, MEERENSEE, RICHARDS BAY, 3900 |
|
|
|
|
Postal
Address |
P O BOX
897, RICHARDS BAY, 3900 |
|
Shareholding/Membership |
0.0000 |
Principal's Adverse - No information on record
Business Information forM ARK DAVIS
Principal Current Business Interests
|
Company Name |
Registration
No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
HILLSIDE
ALUMINIUM LTD |
M2001/004091/06 |
In
Business |
11 Years 11
Months |
0 |
No |
|
Principal
Previous Business Interests
Average Age of Previous Business 45 Years
|
Company Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
BILLITON
ALUMINIUM SA LTD |
M1967/004817/06 |
In
Business |
45
Years 9 Months |
0 |
No |
|
Principal's Deeds Information - No information on record
LUCAS MSIMANGA
|
Surname |
MSIMANGA |
|
First Name |
LUCAS |
|
Other Names |
None |
|
Marital Status |
Married |
|
ID Number |
7105106165087 |
|
Verified ID Number |
Yes |
|
Current Age |
41 |
|
Designation |
OPERATIONS DIRECTOR HILLSIDE ALUMINIUM |
|
Status |
Active |
|
Appointment Date |
2006/07/01 |
|
Physical Address (at time of Appointment) |
15 FOUR SEASONS, MAPUTO, 257 |
|
Postal Address |
P O BOX 12352, MAPUTO, 257 |
|
Current Tel Number |
0359088800 |
|
Cell number |
0832724198 |
|
Shareholding/Membership |
0.0000 |
Principal's Adverse - No information on record
Business Information forL UCAS MSIMANGA
Principal Current Business Interests
|
Company Name |
Registration
No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
SAWUBONA
INVESTMENTS CC |
B2010/063143/23 |
In
Business |
2 Years 2 Months |
0 |
No |
|
|
BILLITON ALUMINIUM SA LTD |
M1967/004817/06 |
In
Business |
45 Years 9 Months |
0 |
No |
|
|
HILLSIDE ALUMINIUM LTD |
M2001/004091/06 |
In
Business |
11 Years 11 Months |
0 |
No |
|
Principal Previous Business Interests
Average Age of Previous Business 10 Years
|
Company Name |
Registration No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
MET-MED BUSINESS ENTERPRISE CC |
B2003/104649/23 |
Deregistration Final |
9
Years 9 Months |
0 |
No |
|
|
BUSINESS AGAINST CRIME ZULULAND |
M1998/004610/08 |
In Business |
14 Years 2 Months |
0 |
No |
|
|
DOWNSTREAM ALUMINIUM CENTRE FOR
TECHNOLOGY |
M2005/012145/08 |
In Business |
7
Years 7 Months |
0 |
No |
|
Principal's Deeds Information - No information on record
GUSTAV
GRIESSEL
|
Surname |
GRIESSEL |
|
First Name |
GUSTAV |
|
Other Names |
None |
|
Marital Status |
Married |
|
ID Number |
6406025072086 |
|
Verified ID Number |
Yes |
|
Current Age |
48 |
|
Designation |
GENERAL MANAGER HILLSIDE ALUMINIUM |
|
Status |
Active |
|
Appointment Date |
2006/07/01 |
|
Physical Address (at time of |
3 PARROTFISH, MEERENSEE, RICHARDS BAY, 3901 |
|
Appointment) |
|
|
Postal Address |
P O BOX 907, RICHARDS BAY, RICHARDS BAY, RICHARDS BAY, 3900 |
|
Current Tel Number |
0359088802 |
|
Cell number |
0726370108 |
|
Shareholding/Membership |
0.0000 |
Principal's Adverse - No information on record
Business Information forG USTAV GRIESSEL
Principal Current Business Interests
|
Company Name |
Registration
No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
BILLITON ALUMINIUM SA LTD |
M1967/004817/06 |
In
Business |
45 Years 9 Months |
0 |
No |
|
|
HILLSIDE ALUMINIUM LTD |
M2001/004091/06 |
In
Business |
11 Years 11 Months |
0 |
No |
|
Principal Previous Business Interests
Average Age of Previous Business 15 Years
|
Company Name |
Registration No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
TISAND (PTY)LTD |
M1969/007724/07 |
In Business |
43 Years 7 Months |
0 |
No |
|
|
BHP BILLITON RAW MATERIALS LTD |
M2003/014722/06 |
Deregistration Final |
9
Years 9 Months |
0 |
No |
|
|
RICHARDS BAY TITANIUM (PTY)LTD |
M2008/017523/07 |
In Business |
4
Years 4 Months |
0 |
No |
|
|
RICHARDS
BAY MINING (PTY)LTD |
M2008/017609/07 |
In Business |
4
Years 4 Months |
0 |
No |
|
Principal's Deeds Information - No information on record
HERMAN STEYN
|
Surname |
STEYN |
|
First Name |
HERMAN |
|
Other Names |
None |
|
Marital Status |
Married |
|
ID Number |
5408115078081 |
|
Verified ID Number |
Yes |
|
Current Age |
58 |
|
Designation |
TAX MANAGER |
|
Status |
Active |
|
Appointment Date |
2001/08/01 |
|
Physical Address (at time of Appointment) |
35 CHRISTIAN STREET, BRACKENHURST, 1448 |
|
Postal Address |
PO BOX 61820, MARSHALLTOWN, 2107 |
|
Current Tel Number |
0113762011 |
|
Cell number |
0833023018 |
|
Shareholding/Membership |
0.0000 |
Principal's Adverse - No information on record
Business Information forH ERMAN STEYN
Principal Current Business Interests
|
Company Name |
Registration
No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
DONKERPOORT
IRON LTD |
M1949/033794/06 |
In
Business |
63 Years 3 Months |
0 |
No |
|
|
CONSOLIDATED NOMINEES (PTY)LTD |
M1949/035111/07 |
In
Business |
63 Years 3 Months |
0 |
No |
|
|
BILLITON ALUMINIUM SA LTD |
M1967/004817/06 |
In
Business |
45 Years 9 Months |
0 |
No |
|
|
AFRICAN METALS LTD |
M1970/003899/06 |
In
Business |
42 Years 6 Months |
0 |
No |
|
|
PERING MINE SERVICES HOLDINGS (PTY)LTD |
M1992/006126/07 |
In
Business |
20 Years 8 Months |
0 |
No |
|
|
MAIN STREET 58 (PTY)LTD |
M2001/004027/07 |
In
Business |
11 Years 11 Months |
0 |
No |
|
|
HILLSIDE
ALUMINIUM LTD |
M2001/004091/06 |
In
Business |
11 Years 11 Months |
0 |
No |
|
|
BHP BILLITON RBM HOLDINGS (PTY)LTD |
M2009/019729/07 |
In
Business |
3 Years 3 Months |
0 |
No |
|
|
BLUE FALCON 77 TRADING
(PTY)LTD |
M2009/024232/07 |
In
Business |
3 Years 3 Months |
0 |
No |
|
|
BHP
BILLITON SA FINANCE (PTY)LTD |
M2011/011623/07 |
In
Business |
1 Years 1 Months |
0 |
No |
|
Principal Previous Business Interests
Average Age of Previous Business 34 Years
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
BANIETTOR
MINING (PTY)LTD |
M1932/003763/07 |
In Business |
80 Years 8 Months |
0 |
No |
|
|
PERING
MINE (PTY)LTD |
M1939/013451/07 |
In Business |
73 Years 1 Months |
0 |
No |
|
|
GENERAL MANGANESE PRODUCTS (PTY)LTD |
M1961/000785/07 |
Deregistration Final |
51 Years 3 Months |
0 |
No |
|
|
ALUGEN (PTY)LTD |
M1967/004767/07 |
Deregistration Final |
45 Years 9 Months |
0 |
No |
|
|
GENGRO LTD |
M1967/012651/06 |
In Business |
45 Years 9 Months |
0 |
No |
|
|
AFRICAN METALS (PTY)LTD |
M1970/003899/07 |
In Business |
42 Years 6 Months |
0 |
No |
|
|
ANSA PETROLEUM LTD |
M1970/012659/06 |
Deregistration
Final |
42 Years 6 Months |
0 |
No |
|
|
RICHBAY
MINE HOLDINGS (PTY)LTD |
M1973/015616/07 |
Deregistration
Final |
39 Years 3 Months |
0 |
No |
|
|
RICHBAY
SMELTER HOLDINGS (PTY)LTD |
M1973/015663/07 |
Deregistration
Final |
39 Years 3 Months |
0 |
No |
|
|
FEDSWA PROSPEKTEERDERS
(EDMS) BPK |
M1979/001538/10 |
Deregistration
Final |
33 Years 9 Months |
0 |
No |
|
|
TRANSKEI PIONEER MINING COMPANY (PTY)LTD |
M1981/060135/07 |
Deregistration
Final |
31 Years 7 Months |
0 |
No |
|
|
MINE AND SMELTER INVESTMENTS (PTY)LTD |
M1993/005645/07 |
Deregistration
Final |
19 Years 7 Months |
0 |
No |
|
|
SOUL OF AFRICA GAME LODGES (PTY)LTD |
M1995/012049/07 |
Deregistration
Final |
17 Years 5 Months |
0 |
No |
|
|
BHP BILLITON PROPERTIES
(PTY)LTD |
M1997/001793/07 |
In Business |
15 Years 3 Months |
0 |
No |
|
|
BHP BILLITON
ALUMINIUM PROJECTS (PTY)LTD |
M2000/010975/07 |
Deregistration
Final |
|
0 |
No |
|
|
LIME
TECHNOLOGIES (PTY)LTD |
M2003/008922/07 |
Deregistration
Final |
9 Years 9 Months |
0 |
No |
|
|
BHP
BILLITON RAW MATERIALS LTD |
M2003/014722/06 |
Deregistration
Final |
9 Years 9 Months |
0 |
No |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.42 |
|
|
1 |
Rs.88.29 |
|
Euro |
1 |
Rs.71.49 |
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.