MIRA INFORM REPORT
|
Report Date : |
20.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
ORE AND
METAL COMPANY LTD |
|
|
|
|
Registered Office : |
Assore
House, 15 Fricker Road, Johannesburg, Gauteng, 2196 |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
15.05.1930 |
|
|
|
|
Com. Reg. No.: |
M1930/002363/06 |
|
|
|
|
Legal Form : |
Limited company |
|
|
|
|
Line of Business : |
The
company is involved in the import and export of mineral concentrates such as
manganese. |
|
|
|
|
No. of Employees : |
Not Available |
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 : |
Satisfactory |
|
Payment Behaviour : |
No complaints |
|
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 Unemployment remains high and outdated infrastructure has constrained growth.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 |
Company
name
|
Subject Name |
ORE AND METAL COMPANY LTD |
|
Country |
South Africa |
|
Subject Contact Person |
UVESH NAIDOO - Finance |
|
Assessment |
On investigation, contact was made
with UVESH NAIDOO in the Finance department who assisted with the information
on the subject. The company has been operating for more than 82 years. The
company is meeting its commitments timeously with it's suppliers. A bank code
could not be obtained as the banking details were declined. No adverse
information was revealed against the company. Please see the information
obtained below. |
Company information
|
Registered Name |
ORE AND METAL COMPANY LTD |
|
Trading as/ Division Name |
None |
|
Previous Name |
None |
|
Date of Name Change |
None |
|
Registration Number |
M1930/002363/06 |
|
Registration Date |
1930/05/15 |
|
Date Commenced Trading |
May 1930 |
|
Age of Business |
82 Years 9 Months |
|
History of Business |
ORE AND METAL COMPANY LTD was
registered in 1930 and operations commenced immediately. |
|
History of Principals |
There are currently 14 active
directors |
|
Shareholders/Members/Partners of
subject and % holding |
100 % - ASSORE LIMITED (ASSORE),
ASSORE LIMITED has shareholding in the following companies : 50 % -ASSMANG
LIMITED, 100 % - WONDERSTONE LIMITED, 100 % AFRICAN MINING AND TRUST COMPANY,
100 % -ZEERUST CHROME MINES |
|
Authorised Share Capital |
R0.00 |
|
Issued Share Capital/Members
Contribution |
R0.00 |
|
Status |
In Business |
|
Operations Assessment |
The company is involved in the
import and export of mineral concentrates such as manganese. |
|
Industry/ Customers |
Mining |
|
Export |
Yes |
|
Export Countries |
|
|
Import |
Yes |
|
Import Countries |
|
|
Major Industry Code / SICC |
24230 |
|
Definition of Code |
Manganese Mining and benificiating. |
|
Head Office Physical Address |
ASSORE HOUSE, 15 FRICKER ROAD,
JOHANNESBURG, Gauteng, 2196 |
|
Head Office Postal Address |
PRIVATE BAG X03, NORTHLANDS,
JOHANNESBURG, Gauteng, 2116 |
|
Current Tel Number |
0117706800 |
|
Cell Number |
Undisclosed |
|
Current Fax Number |
0112686921 |
|
Current Email Address |
|
|
Web Site Address |
|
|
Comments |
|
Auditors information
|
Company Registered Name |
ERNST AND YOUNG SERVICES (PTY)LTD |
|
Trading Name |
ERNST AND YOUNG |
|
Registration Number |
1955/000930/07 |
|
Physical Address |
35 Lower Long Street, Cape Town,
8001 |
|
Postal Address |
P O BOX 656, CAPE TOWN, 8000 |
|
Contact Person |
JAMES NEWLANDS |
|
Contact Number |
0214430200 |
|
Email |
|
|
Principals |
4 |
|
Judgements Against Subject |
No information found on file |
|
Judgements Against Principals |
No information found on file |
|
Subject Verified as Client |
Yes |
|
Practice Number |
918288E |
|
VAT Number |
4870124056 |
|
Tax Number |
9197285845 |
|
BEE Status |
LEVEL 2 |
|
Financial Year End |
June |
|
No of years in Business |
36 |
|
Website |
|
|
Comment |
|
Previous
Auditors Information - No Information on Record
|
Vat Number |
4210103570 |
|
Status |
ACTIVE |
|
Vat Liable Date |
|
|
Tax Number |
9575087714 |
|
Tax Clearance Expire Date |
|
|
Financial Year End |
|
|
Comment |
|
|
Black Economic Empowerment |
|
|
Status |
Yes |
|
Score |
2.00 |
|
Expire Date |
|
|
BEE Certificate Available |
Yes |
|
Comment |
The FRICKER ROAD TRUST is a black
economic empowered entity that controls the majority of the voting rights in
a special purpose. This is a business that owns 11,79% of ASSORES'S issued
ordinary shares. |
|
ISO Status |
|
|
Type of ISO Grade |
None |
|
ISO Certificate |
No |
|
ISO Certificate Available |
No |
|
Certified by an Accredited Agent |
No |
|
Comment |
|
|
Workman's compensation |
|
|
Registered |
Yes |
|
Compliance Certified |
Yes |
|
Comment |
|
Company structure
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
Management Overview
Organisation
Chart
|
Level |
Position |
Name |
Comment |
|
|
|||
|
1 |
SALES AAANAGER |
PATRIZIA TENNENT |
|
|
|
|||
|
2 |
GROUP ACCOUNTANT |
ROSS DAVIES |
|
|
|
|||
|
3 |
Director |
PATRICK SACCO |
|
|
|
|||
|
4 |
CONSULTING METALLURGIST |
BASTIAAN VAN ASWEGEN |
|
|
|
|||
|
5 |
SENIOR SALES MANAGER |
JACOB VENTER |
|
|
|
|||
|
6 |
Director |
CHRISTOPHER CORY |
|
Company
Structure (Ownership)
Note:
One level up and all levels down
|
Holding |
Company |
Sub |
Comment |
|
100%-ASSORE'S LIMITED |
ORE AND METAL COMPANY LTD |
|
|
Key
Deals - No Information on Record
Trade References
|
Trade Reference nr |
Supplier |
Contact |
Surety Value |
Notarial Bonds |
Comment |
|
1 |
BAY STEVEDORES |
0357979141 |
|
|
|
|
2 |
RENNIES SHIPS AGENCY |
0313280400 |
|
|
|
|
3 |
PANARGO SHIPPING (PTY) LTD |
0313352400 |
|
|
|
Trade
References Detail
|
Nr |
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
|
1 |
8 years |
|
R 80000 |
30 days |
R 80000 |
30 days |
Good account |
|
2 |
9 years |
|
R 9500000 |
30 days |
R 5000000 |
30 days |
Good account |
|
3 |
9 Years |
|
|
30 days |
|
30 days |
Figures confidential, considered
good for R100 000 over 30 days. Good account |
Adverse Information on Subject
Judgements
|
Judgements |
None |
||||
|
Possible Judgements |
None |
||||
|
Civil Court |
None |
||||
|
RDs |
None |
||||
|
Comment |
No Information on Record |
||||
|
Business Rescue |
|||||
|
Date registered |
Business rescue practitioner |
Contact Information |
Details |
Comment |
|
|
|
None |
No Information on Record |
No Information on Record |
No Information on Record |
|
Default
Listings
|
Date |
Details |
Comment |
|
|
None |
No Information on Record |
Notarial
Bonds - No information on record
Financial Estimates
|
CURRENT ASSETS |
|
|
Stock |
|
|
Debtors |
|
|
FIXED ASSETS |
|
|
Plant, Equipment, Vehicles |
|
|
Property |
|
|
CURRENT LIABILITIES |
|
|
Creditors |
|
|
Loans/ From? |
|
|
Loan Details |
|
|
LONG TERM LIABILITIES |
|
|
Morgage Bonds |
|
|
Previous Year Turnover |
|
|
Estimated Current Year Turnover |
|
|
Current Turnover per month |
|
|
Current Turnover per annum |
|
|
Comment |
Audited financial statements
attached as at 30 June 2012 |
|
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 |
14 |
|
Average Age of Active Principals |
49 |
|
Active Principals Principal - 1of 13 HERMAN SMITH |
|
|
Surname |
SMITH |
|
First Name |
HERMAN |
|
Other Names |
LUKAS |
|
Marital Status |
|
|
ID Number |
6910095223082 |
|
Verified ID Number |
Yes |
|
Current Age |
44 |
|
Designation |
CONSULTING METALLURGICAL ENGINEER |
|
Status |
Active |
|
Appointment Date |
2012/09/01 |
|
Physical Address (at time of
Appointment) |
229 ZWAFELPOORT 373 JR, ZWAFELPOORT,
PRETORIA, 0036 |
|
Postal Address |
P 0 BOX 2252, ZWAFELPOORT, 0036 |
|
Current Tel Number |
0132307600 |
|
Cell number |
0823734879 |
|
Shareholding/Membership |
0.0000 |
Business
Information forHERMAN SMITH Principal Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
LEOPARD"S BUSH HOME OWNERS
ASSOCIATION |
2003/031091/08 |
In Business |
10 Years 10 Months |
0 |
No |
|
|
ORE AND METAL COMPANY LTD |
M1930/002363/06 |
In Business |
83 Years 11 Months |
0 |
No |
|
|
AFRICAN MINING AND TRUST COMPANY LTD |
M1931/003633/06 |
In Business |
82 Years 10 Months |
0 |
No |
|
Principal
Previous Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Principal - 2of 13 PATRIZIA TELLENT |
|
|
Surname |
TELLENT |
|
First Name |
PATRIZIA |
|
Other Names |
None |
|
Marital Status |
Married |
|
ID Number |
5401060090086 |
|
Verified ID Number |
Yes |
|
Current Age |
59 |
|
Designation |
SALES MANAGER |
|
Status |
Active |
|
Appointment Date |
2012/03/01 |
|
Physical Address (at time of
Appointment) |
12 BRENDA STREET, EDENGLEN, 1609 |
|
Postal Address |
PRIVATE BAG X03, NORTHLANDS, 2116 |
|
Current Tel Number |
0117706800 |
|
Cell number |
0829419708 |
|
Shareholding/Membership |
0.0000 |
Business
Information forPATRIZIA TELLENT Principal Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
VIKING COMMUNICATIONS CC |
B1998/072535/23 |
In Business |
15 Years 3 Months |
0 |
No |
|
|
ORE AND METAL COMPANY LTD |
M1930/002363/06 |
In Business |
83 Years 11 Months |
0 |
No |
|
Principal
Previous Business Interests
Principal's
Deeds Information - No information on record
|
Principal - 3of 13 SAMANTHA MC
FADYEN |
|
|
Surname |
MC FADYEN |
|
First Name |
SAMANTHA |
|
Other Names |
None |
|
Marital Status |
Married |
|
ID Number |
7703090127087 |
|
Verified ID Number |
Yes |
|
Current Age |
36 |
|
Designation |
SALES MANAGER |
|
Status |
Active |
|
Appointment Date |
2012/03/01 |
|
Physical Address (at time of
Appointment) |
63 SANTANA, LINGERET AVENUE, 2157 |
|
Postal Address |
PRIVATE BAG X03, NORTHLANDS, 2116 |
|
Current Tel Number |
0114847212 |
|
Cell number |
0824169032 |
|
Shareholding/Membership |
0.0000 |
Business
Information forSAMANTHA MC FADYEN Principal Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
ORE AND METAL COMPANY LTD |
M1930/002363/06 |
In Business |
83 Years 11 Months |
0 |
No |
|
Principal
Previous Business Interests
Principal's
Deeds Information - No information on record
|
Principal - 4of 13 CARINA CLAASSEN |
|
|
Surname |
CLAASSEN |
|
First Name |
CARINA |
|
Other Names |
None |
|
Marital Status |
Single |
|
ID Number |
7805260015081 |
|
Verified ID Number |
Yes |
|
Current Age |
35 |
|
Designation |
SALES MANAGER |
|
Status |
Active |
|
Appointment Date |
2010/09/01 |
|
Physical Address (at time of
Appointment) |
27 SHARALUMBI, 340 MAIN AVENUE,
FERNDALE, 2195 |
|
Postal Address |
PRIVATE BAG X03, NORTHLANDS, 2116 |
|
Current Tel Number |
0117706913 |
|
Cell number |
0832011939 |
|
Shareholding/Membership |
0.0000 |
Business
Information forCARINA CLAASSEN Principal Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
ORE AND METAL COMPANY LTD |
M1930/002363/06 |
In Business |
83 Years 11 Months |
0 |
No |
|
Principal
Previous Business Interests
|
Principal - 5of 13 ROSS DAVIES |
|
|
Surname |
DAVIES |
|
First Name |
ROSS |
|
Other Names |
None |
|
Marital Status |
Married |
|
ID Number |
7004215257085 |
|
Verified ID Number |
Yes |
|
Current Age |
43 |
|
Designation |
GROUP ACCOUNTANT |
|
Status |
Active |
|
Appointment Date |
2009/10/01 |
|
Physical Address (at time of
Appointment) |
21 FLETCHING AVE, ESSEXWOLD,
BEDFORDVIEW, 2007 |
|
Postal Address |
PRIVATE BAG X 03, NORTHLANDS,
Gauteng, 2116 |
|
Current Tel Number |
0117706815 |
|
Cell number |
0828704330 |
|
Shareholding/Membership |
0.0000 |
Business
Information forROSS DAVIES
Principal
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
ORE AND METAL COMPANY LTD |
M1930/002363/06 |
In Business |
83 Years 11 Months |
0 |
No |
|
|
AFRICAN MINING AND TRUST COMPANY LTD |
M1931/003633/06 |
In Business |
82 Years 10 Months |
0 |
No |
|
|
WONDERSTONE LTD |
M1935/006371/06 |
In Business |
78 Years 6 Months |
0 |
No |
|
|
WONDERSTONE 1937 LTD |
M1937/009964/06 |
In Business |
76 Years 4 Months |
0 |
No |
|
|
ZEERUST CHROME MINES LTD |
M1962/001355/06 |
In Business |
51 Years 3 Months |
0 |
No |
|
|
RUSTENBURG MINERALS DEVELOPMENT
COMPANY (PTY) LTD |
M1968/002462/07 |
In Business |
45 Years 9 Months |
0 |
No |
|
|
GROUP LINE PROJECTS (PTY) LTD |
M1991/000798/07 |
In Business |
22 Years 10 Months |
0 |
No |
|
|
MINERAIS HOLDINGS (PTY) LTD |
M1999/006521/07 |
In Business |
14 Years 2 Months |
0 |
No |
|
|
XERTECH (PTY)LTD |
M2001/006462/07 |
In Business |
0 |
0 |
No |
|
Principal's
Deeds Information - No information on record
Principal Previous Business Interests
Principal
- 6of 13 PATRICK SACCO
|
Surname |
SACCO |
|
First Name |
PATRICK |
|
Other Names |
None |
|
Marital Status |
Married |
|
ID Number |
7802275235085 |
|
Verified ID Number |
Yes |
|
Current Age |
35 |
|
Designation |
|
|
Status |
Active |
|
Appointment Date |
2007/07/01 |
|
Physical Address (at time of
Appointment) |
1 BROADLANDS, 4TH ROAD, HYDE PARK,
2195 |
|
Postal Address |
PRIVATE BAG X03, NORTHLANDS,
JOHANNESBURG, Gauteng, 2116 |
|
Current Tel Number |
0117706800 |
|
Cell number |
0732783741 |
|
Shareholding/Membership |
0.0000 |
Business
Information forPATRICK SACCO
Principal
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
ORE AND METAL COMPANY LTD |
M1930/002363/06 |
In Business |
83 Years 11 Months |
0 |
No |
|
|
AFRICAN MINING AND TRUST COMPANY LTD |
M1931/003633/06 |
In Business |
82 Years 10 Months |
0 |
No |
|
|
WONDERSTONE LTD |
M1935/006371/06 |
In Business |
78 Years 6 Months |
0 |
No |
|
|
ASSMANG LTD |
M1935/007343/06 |
In Business |
78 Years 6 Months |
0 |
No |
|
|
ASSORE LTD |
M1950/037394/06 |
In Business |
63 Years 3 Months |
0 |
No |
|
|
ZEERUST CHROME MINES LTD |
M1962/001355/06 |
In Business |
51 Years 3 Months |
0 |
No |
|
|
ORESTEEL INVESTMENTS (PTY) LTD |
M1975/003008/07 |
In Business |
38 Years 2 Months |
0 |
No |
|
|
XERTECH (PTY)LTD |
M2001/006462/07 |
In Business |
0 |
0 |
No |
|
Principal's
Deeds Information - No information on record
Principal Previous Business Interests
Principal
- 7of 13 CONRAD ELS
|
Surname |
ELS |
|
First Name |
CONRAD |
|
Other Names |
None |
|
Marital Status |
Married |
|
ID Number |
7209095209086 |
|
Verified ID Number |
Yes |
|
Current Age |
41 |
|
Designation |
|
|
Status |
Active |
|
Appointment Date |
2007/07/01 |
|
Physical Address (at time of
Appointment) |
49 VILLAGE DRIVE, VILLAGE VIEW,
CENTURION, Gauteng, 0046 |
|
Postal Address |
PRIVATE BAGX03, NORTHLANDS,
JOHANNESBURG, 2116 |
|
Current Tel Number |
0117706884 |
|
Cell number |
0823311251 |
|
Shareholding/Membership |
0.0000 |
Business
Information forCONRAD ELS
Principal
Current Business Interests
|
Company
Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
ORE AND METAL
COMPANY LTD |
M1930/002363/06 |
In Business |
83 Years 11 Months |
0 |
No |
|
Business
Information forJACOB VENTER
Principal
Current Business Interests
|
Company
Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
ORE AND METAL
COMPANY LTD |
M1930/002363/06 |
In Business |
83 Years 11 Months |
0 |
No |
|
|
ASSMANG
LTD |
M1935/007343/06 |
In Business |
78 Years 6 Months |
0 |
No |
|
Principal Previous Business Interests
Principal's
Deeds Information - No information on record
|
Principal - 10of 13
ALISTAIR MCADAM |
|
|
Surname |
MCADAM |
|
First Name |
ALISTAIR |
|
Other
Names |
None |
|
Marital
Status |
Married |
|
ID Number |
6008305270107 |
|
Verified
ID Number |
Yes |
|
Current
Age |
53 |
|
Designation |
SALES
MANAGER |
|
Status |
Active |
|
Appointment
Date |
2001/01/01 |
|
Physical
Address (at time of Appointment) |
15 BYZANCE
AVENUE, WATERFORD ESTATE, FOURWAYS, Gauteng, 2055 |
|
Postal
Address |
PRIVATE
BAG X03, NORTHLANDS, JOHANNESBURG, Gauteng, 2116 |
|
Current
Tel Number |
0117706885 |
|
Cell
number |
0836539963 |
|
Shareholding/Membership |
0.0000 |
Business
Information forALISTAIR MCADAM Principal Current Business Interests
|
Company
Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
ORE AND METAL
COMPANY LTD |
M1930/002363/06 |
In Business |
83 Years 11 Months |
0 |
No |
|
|
ASSMANG
LTD |
M1935/007343/06 |
In Business |
78 Years 6 Months |
0 |
No |
|
Principal's
Deeds Information - No information on record
|
Principal - 11 of
13 ALASTAIR STALKER |
|
|
Surname |
STALKER |
|
First Name |
ALASTAIR |
|
Other
Names |
None |
|
Marital
Status |
Married |
|
ID Number |
5008105024101 |
|
Verified
ID Number |
Yes |
|
Current
Age |
63 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment
Date |
1998/03/16 |
|
Physical
Address (at time of Appointment) |
9 LENIE
STREET, DISCOVERY EXT 10, DISCOVERY EXT 10, Gauteng, 1710 |
|
Postal
Address |
PRIVATE
BAG X03, NORTHLANDS, JOHANNESBURG, Gauteng, 2116 |
|
Current
Tel Number |
0117706886 |
|
Cell
number |
0828716780 |
|
Shareholding/Membership |
0.0000 |
Business
Information forALASTAIR STALKER Principal Current Business Interests
|
Company
Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
ORE AND METAL
COMPANY LTD |
M1930/002363/06 |
In Business |
83 Years 11 Months |
0 |
No |
|
|
ASSMANG
LTD |
M1935/007343/06 |
In Business |
78 Years 6 Months |
0 |
No |
|
|
ASSORE LTD |
M1950/037394/06 |
In Business |
63 Years 3 Months |
0 |
No |
|
Principal Previous Business Interests
|
Principal - 12of 13
CHRISTOPHER CORY |
|
|
Surname |
CORY |
|
First Name |
CHRISTOPHER |
|
Other
Names |
None |
|
Marital
Status |
Married |
|
ID Number |
5202135045083 |
|
Verified
ID Number |
Yes |
|
Current
Age |
61 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment
Date |
1992/05/04 |
|
Physical
Address (at time of Appointment) |
51 SMITHS
ROAD, DUNKELD, 2196 |
|
Postal
Address |
PRIVATE
BAG X 03, NORTHLANDS, 2116 |
|
Current
Tel Number |
0117706888 |
|
Cell
number |
0832518551 |
|
Shareholding/Membership |
0.0000 |
Business
Information forCHRISTOPHER CORY Principal Current Business Interests
|
Company
Name |
Registration No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
ORE AND METAL
COMPANY LTD |
M1930/002363/06 |
In Business |
83 Years
11 Months |
0 |
No |
|
|
AFRICAN
MINING AND TRUST COMPANY LTD |
M1931/003633/06 |
In Business |
82 Years
10 Months |
0 |
No |
|
|
WONDERSTONE
LTD |
M1935/006371/06 |
In Business |
78 Years 6
Months |
0 |
No |
|
|
ASSMANG
LTD |
M1935/007343/06 |
In Business |
78 Years 6
Months |
0 |
No |
|
|
WONDERSTONE
1937 LTD |
M1937/009964/06 |
In Business |
76 Years 4
Months |
0 |
No |
|
|
ASSORE LTD |
M1950/037394/06 |
In Business |
63 Years 3
Months |
0 |
No |
|
|
GENERAL NOMINEES
(PTY) LTD |
M1951/002960/07 |
In Business |
62 Years 2
Months |
0 |
No |
|
|
CATO RIDGE
DEVELOPMENT COMPANY LTD |
M1956/002268/06 |
In Business |
57 Years 9
Months |
0 |
No |
|
|
ZEERUST
CHROME MINES LTD |
M1962/001355/06 |
In Business |
51 Years 3
Months |
0 |
No |
|
|
RUSTENBURG
MINERALS DEVELOPMENT COMPANY (PTY) LTD |
M1968/002462/07 |
In Business |
45 Years 9
Months |
0 |
No |
|
|
ORESTEEL
INVESTMENTS (PTY) LTD |
M1975/003008/07 |
In Business |
38 Years 2
Months |
0 |
No |
|
|
GROUP LINE
PROJECTS (PTY) LTD |
M1991/000798/07 |
In Business |
22 Years
10 Months |
0 |
No |
|
|
MINERAIS
HOLDINGS (PTY) LTD |
M1999/006521/07 |
In Business |
14 Years 2
Months |
0 |
No |
|
|
ERVEN
40 AND 41 ILLOVO (PTY)LTD |
M1999/025517/07 |
In Business |
14 Years 2
Months |
0 |
No |
|
|
CERAMOX
(PTY)LTD |
M2000/027163/07 |
In Business |
13 Years 1
Months |
0 |
No |
|
|
ERVEN 27 AND 28 ILLOVO (PTY)LTD |
M2001/000388/07 |
In Business |
0 |
0 |
No |
|
|
XERTECH
(PTY)LTD |
M2001/006462/07 |
In Business |
0 |
0 |
No |
|
|
ERF 1263 PARKVIEW
EXTENSION 1 (PTY) LTD |
M2005/024880/07 |
In
Business |
8 Years 8
Months |
0 |
No |
|
|
AAAIN
STREET 350 (PTY) LTD |
M2005/026562/07 |
In
Business |
8 Years 8
Months |
0 |
No |
|
|
AAAIN
STREET 460 (PTY) LTD |
M2006/021404/07 |
In
Business |
7 Years 7
Months |
0 |
No |
|
|
AAAIN
STREET 904 (RF) (PTY)LTD |
M2011
/008937/07 |
In
Business |
2 Years 2
Months |
0 |
No |
|
Principal Previous Business Interests
Principal's
Deeds Information - No information on record
|
Principal - 13of 13
DESMOND SACCO |
|
|
Surname |
SACCO |
|
First Name |
DESMOND |
|
Other
Names |
None |
|
Marital
Status |
Married |
|
ID Number |
4009225057089 |
|
Verified
ID Number |
Yes |
|
Current
Age |
73 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment
Date |
1976/03/22 |
|
Physical
Address (at time of Appointment) |
120 9TH
ROAD, HYDE PARK, Gauteng, 2196 |
|
Postal
Address |
PRIVATE
BAG X03, NORTHLANDS, Gauteng, 2196 |
|
Current
Tel Number |
0117706800 |
|
Cell
number |
0832698399 |
|
Shareholding/Membership |
0.0000 |
Business
Information forDESMOND SACCO Principal Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
D SACCO
ASHMOLEDALES |
4009225057006 |
|
Unknown |
0 |
No |
|
|
ORE AND METAL
COMPANY LTD |
M1930/002363/06 |
In Business |
83 Years
11 Months |
0 |
No |
|
|
AFRICAN
MINING AND TRUST COMPANY LTD |
M1931/003633/06 |
In Business |
82 Years
10 Months |
0 |
No |
|
|
ASSMANG
LTD |
M1935/007343/06 |
In Business |
78 Years 6
Months |
0 |
No |
|
|
WONDERSTONE
1937 LTD |
M1937/009964/06 |
In Business |
76 Years 4
Months |
0 |
No |
|
|
ASSORE LTD |
M1950/037394/06 |
In Business |
63 Years 3
Months |
0 |
No |
|
|
ZEERUST CHROME
MINES LTD |
M1962/001355/06 |
In Business |
51 Years 3
Months |
0 |
No |
|
|
ORESTEEL
INVESTMENTS (PTY) LTD |
M1975/003008/07 |
In Business |
38 Years 2
Months |
0 |
No |
|
|
MINERAIS
HOLDINGS (PTY) LTD |
M1999/006521/07 |
In Business |
14 Years 2
Months |
0 |
No |
|
|
ERVEN 40 AND 41 ILLOVO (PTY)LTD |
M1999/025517/07 |
In Business |
14 Years 2
Months |
0 |
No |
|
|
CERAMOX
(PTY)LTD |
M2000/027163/07 |
In Business |
13 Years 1
Months |
0 |
No |
|
|
ERVEN 27 AND 28 ILLOVO (PTY)LTD |
M2001/000388/07 |
In Business |
0 |
0 |
No |
|
|
XERTECH
(PTY)LTD |
M2001/006462/07 |
In Business |
0 |
0 |
No |
|
|
ERF
1263 PARKVIEW EXTENSION 1 (PTY) LTD |
M2005/024880/07 |
In Business |
8 Years 8
Months |
0 |
No |
|
|
MAIN
STREET 350 (PTY) LTD |
M2005/026562/07 |
In Business |
8 Years 8
Months |
0 |
No |
|
|
MAIN
STREET 460 (PTY) LTD |
M2006/021404/07 |
In Business |
7 Years 7
Months |
0 |
No |
|
|
THE SACCO COMMUNITY CENTRE |
M2009/013212/08 |
In Business |
4 Years 4
Months |
0 |
No |
|
Principal
Previous Business Interests
|
Company
Name |
Registration
No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
LAGERDRAAI
ASBESTOS LTD |
M1905/028741/06 |
Deregistration
Final |
65 Years 5 Months |
0 |
No |
|
|
WONDERSTONE
LTD |
M1935/006371/06 |
In
Business |
78 Years 6 Months |
0 |
No |
|
|
ASSOCIATED
ASBESTOS LTD |
M1938/011745/06 |
Deregistration
Final |
75 Years 3 Months |
0 |
No |
|
|
SOUTH AFRICAN CORUNDUM COMPANY LTD |
M1940/014161/06 |
Deregistration
Final |
73 Years 1 Months |
0 |
No |
|
|
FERALLOYS
LTD |
M1957/000311/06 |
Deregistration
Final |
56 Years 8 Months |
0 |
No |
|
|
RUSTENBURG
MINERALS DEVELOPMENT COMPANY (PTY)LTD |
M1968/002462/07 |
In
Business |
45 Years 9 Months |
0 |
No |
|
|
AMT INVESTMENTS (PTY) LTD |
M1976/000849/07 |
In
Business |
37 Years 1 Months |
0 |
No |
|
|
WRV PROPERTY FOUNDATION |
M1986/003882/08 |
In
Business |
27 Years 3 Months |
0 |
No |
|
|
WILLOWBROOK RETIREMENT VILLAGE |
M1998/002377/08 |
In
Business |
15 Years 3 Months |
0 |
No |
|
Principal's
Deeds Information - No information on record
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.79 |
|
|
1 |
Rs.91.03 |
|
Euro |
1 |
Rs.78.52 |
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.