|
Report Date : |
18.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
ASSA ABLOY HOLDINGS (SA)
LTD |
|
|
|
|
Registered Office : |
176 Progress Road, Technikon,
Roodepoort, 1725 |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
05.07.1948 |
|
|
|
|
Com. Reg. No.: |
M1948/030356/06 |
|
|
|
|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
The subject
is popular for traditional lines such as pin tumbler, lever locks and
architectural ironmongery |
|
|
|
|
No. of Employees : |
Not Available |
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
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 Unemployment remains high and outdated infrastructure has constrained growth.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 |
ASSA
ABLOY (SA) PTY LTD |
|
Country |
South
Africa |
|
Subject
Contact Person |
THOAAAS
GUMEDE - Financial Manager |
|
Assessment |
This is an
established business. On investigation we made contact with the financial
Manager MR. THOMAS GUMEDE who declined to assist with any information on the
subject. MR. GUMEDE requested to know the name of the principal enquirer.
Please see the available information on the subject below. |
|
Registered
Name |
ASSA
ABLOY HOLDINGS (SA) LTD |
|
Trading
as/ Division Name |
ASSA
ABLOY HOLDINGS |
|
Registration
Number |
M1948/030356/06 |
|
Registration
Date |
1948/07/05 |
|
Date Commenced
Trading |
1948-07-05 |
|
Age of
Business |
64 Years
6 Months |
|
History
of Business |
The
subject was established as a new business in 1948. |
|
History
of Principals |
There
are 3 active Directors within the subject. |
|
Authorised
Share Capital |
R0.00 |
|
Issued
Share Capital/Members Contribution |
R0.00 |
|
Status |
In
Business |
|
Operations
Assessment |
The
subject is popular for traditional lines such as pin tumbler, lever locks and
architectural ironmongery. High security products include electric locks and
elecronic keys with audit trail capabilities, hotel safes, magentic locks,
mechanical locks, access control, revolving, sliding and stacking door
sytems, window latches, aluminium products and emergency escape hardware. |
|
Industry/
Customers |
Corporate
companies and hardware stores |
|
Export |
Yes |
|
Import |
None |
|
Major
Industry Code / SICC |
35419 |
|
Definition
of Code |
Other structural
metal products, e.g. metal doors, windows and gates |
|
Head
Office Physical Address |
176
PROGRESS ROAD, TECHNIKON, ROODEPOORT, 1725 |
|
Head
Office Postal Address |
P 0 BOX
146, ROODEPOORT, 1724 |
|
Current
Tel Number |
0117615000 |
|
Current Fax
Number |
0117663389 |
|
Current
Email Address |
|
Company
Registered Name |
PRICE
WATERHOUSECOOPERS INC |
|
Trading
Name |
PWC |
|
Registration
Number |
1998/012055/21 |
|
Physical
Address |
2 EGLIN
ROAD, SUNNINGHILL, 2157 |
|
Postal
Address |
PRIVATE
BAG X36, SUNNINGHILL, 2157 |
|
Contact
Person |
VERA
BOETES |
|
Contact
Number |
0117974000 |
|
Email |
|
|
Principals |
248 |
|
Subject
Verified as Client |
Yes |
|
Practice
Number |
901121E |
|
VAT
Number |
4950174682 |
|
Tax
Number |
9343032844 |
|
Financial
Year End |
June |
|
No of years
in Business |
15 |
|
Website |
Previous
Auditors
|
Company
Name |
Phone
Number |
Time
with previous auditors |
Comment |
|
COOPERS
AND LAYBRAND |
|
15 |
|
Tax Information
- No Information on Record
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
Organisational
Chart - No Information on Record
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
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
CompanyASSA ABLOY (SA) PTY LTD
|
Title Deed No. |
T8151/2008 |
Erf/Site No. |
|
|
Deeds Office |
JOHANNESBURG |
Physical Address |
|
|
Property Type |
Freehold / Ervin |
Extent / Size |
1682.0SQM |
|
Purchase Date |
2007/10/03 |
Purchase price |
|
|
% Ownership |
0.00 |
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
|
|
Comment |
|
||
|
|
|||
|
Title Deed No. |
T40683/2007 |
Erf/Site No. |
|
|
Deeds Office |
JOHANNESBURG |
Physical Address |
9 BOLT TECHNIKON
ROODEPOORT |
|
Property Type |
Freehold / Ervin |
Extent / Size |
1487.0SQM |
|
Purchase Date |
2007/05/29 |
Purchase price |
|
|
% Ownership |
0.00 |
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
|
|
Comment |
|
||
|
Number of Principals |
3 |
|
Average Age of Active
Principals |
51 |
|
Active Principals
Principal - 1of 3 GAVIN VAN STADEN |
|
|
Surname |
VAN STADEN |
|
First Name |
GAVIN |
|
Other Names |
None |
|
Marital Status |
Single |
|
ID Number |
7108145111088 |
|
Verified ID Number |
Yes |
|
Current Age |
42 |
|
Designation |
SALES & MARKETING
DIRECTOR |
|
Status |
Active |
|
Appointment Date |
2007/07/01 |
|
Physical Address (at time
of Appointment) |
14 ABE MEYER STREET,
KINGFISHER PLACE, BOKSBURG, 1459 |
|
Postal Address |
P 0 BOX 19233, SUNWARD
PARK, 1470 |
|
Current Tel Number |
0118964277 |
|
Cell number |
0825606804 |
|
Shareholding/Membership |
|
Business Information forGAVIN
VAN STADEN Principal Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
ASSA ABLOY HOLDINGS (SA)
LTD |
M1948/030356/06 |
In Business |
65 Years 5 Months |
0 |
No |
|
|
ASSA ABLOY (SA) (PTY) LTD |
M1971/008368/07 |
In Business |
42 Years 6 Months |
0 |
No |
|
Previous Business Interests
Average Age of Previous
Business 14 Years
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
ERF 3346 SUNWARD PARK EXT
10 CC |
B1999/048767/23 |
In Business |
14 Years 2 Months |
0 |
No |
|
|
Principal - 2of 3
NICHOLAS ARGO |
|
|
Surname |
ARGO |
|
First Name |
NICHOLAS |
|
Other Names |
None |
|
Marital Status |
Married |
|
ID Number |
5704085068080 |
|
Verified ID Number |
Yes |
|
Current Age |
56 |
|
Designation |
SALES AND MARKETING |
|
Status |
Active |
|
Appointment Date |
1999/12/01 |
|
Physical Address (at time
of Appointment) |
117 COLERAINE DRIVE,
RIVERLCLUB, SANDTON, 2196 |
|
Postal Address |
P O BOX 146, ROODEPOORT,
1725 |
|
Current Tel Number |
0118782300 |
|
Cell number |
0828003684 |
|
Shareholding/Membership |
0.0000 |
Business Information
forNICHOLAS ARGO
Principal Current Business
Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
ASSA ABLOY HOLDINGS (SA)
LTD |
M1948/030356/06 |
In Business |
65 Years 5 Months |
0 |
No |
|
|
YALE SECURITY (SA)
(PTY)LTD |
M1976/002777/07 |
In Business |
37 Years 1 Months |
0 |
No |
|
Principal's Deeds
Information - No information on record
Average Age of Previous
Business 25 Years
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
ZINKAST MANUFACTURING (PTY) LTD |
2000/019556/07 |
In Business |
13 Years 1 Months |
0 |
No |
|
|
ARGO DEVELOPMENTS CC |
B1992/034815/23 |
In Business |
21 Years 9 Months |
0 |
No |
|
|
C ARGO (PTY)LTD |
M1952/000277/07 |
Dissolved |
61 Years 1 Months |
0 |
No |
|
|
ASSA ABLOY (SA) (PTY) LTD |
M1971/008368/07 |
In Business |
42 Years 6 Months |
0 |
No |
|
|
C ARGO (PINETOWN) (PTY)
LTD |
M1977/001791/07 |
Deregistration Final |
|
0 |
No |
|
|
C ARGO (RICHARDS BAY)
(PTY)LTD |
M1981/005408/07 |
Deregistration Final |
32 Years 8 Months |
0 |
No |
|
|
YALE SECURITY INSTALLER
(PTY)LTD |
M2004/029292/07 |
Deregistration Final |
9 Years 9 Months |
0 |
No |
|
Principals
Deeds Information – No Information
Principal - 3of 3 JOHN
MIDDLETON
|
Surname |
MIDDLETON |
|
First Name |
JOHN |
|
Other Names |
None |
|
Marital Status |
Married |
|
ID Number |
5602045028089 |
|
Verified ID Number |
Yes |
|
Current Age |
57 |
|
Designation |
DIRECTOR |
|
Status |
Active |
|
Appointment Date |
1998/01/12 |
|
Physical Address (at time
of Appointment) |
31 ISIPINGO ROAD,
PAULSHOF, 2056 |
|
Postal Address |
P 0 BOX 65, PAULSHOF,
2056 |
|
Current Tel Number |
0116814898 |
|
Cell number |
0832505534 |
|
Shareholding/Membership |
0.0000 |
Business Information forJOHN
MIDDLETON Principal Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
ASSA ABLOY HOLDINGS (SA)
LTD |
M1948/030356/06 |
In Business |
65 Years 5 Months |
0 |
No |
|
|
ASSA ABLOY (SA) (PTY) LTD |
M1971/008368/07 |
In Business |
42 Years 6 Months |
0 |
No |
|
|
TUGGS INVESTMENTS (PTY)
LTD |
M1998/004397/07 |
In Business |
15 Years 3 Months |
0 |
No |
|
|
TIPPINS INVESTMENTS (PTY)
LTD |
M1998/004559/07 |
In Business |
15 Years 3 Months |
0 |
No |
|
Average Age of Previous
Business 31 Years
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
ZINKAST MANUFACTURING (PTY) LTD |
2000/019556/07 |
In Business |
13 Years 1 Months |
0 |
No |
|
|
J T MIDDLETON PROPERTIES
(PTY)LTD |
M1968/011444/07 |
Deregistration Final |
45 Years 9 Months |
0 |
No |
|
|
YALE SECURITY (SA) (PTY)
LTD |
M1976/002777/07 |
In Business |
37 Years 1 Months |
0 |
No |
|
Principal's Deeds Information
- No information on record
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.64 |
|
|
1 |
Rs.87.45 |
|
Euro |
1 |
Rs.72.65 |
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.