|
Report Date : |
25.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
ENERGY ENGINEERED
PRODUCTS (PTY)LTD |
|
|
|
|
Formerly Known As : |
ENERGY METALS (PTY)LTD |
|
|
|
|
Registered Office : |
30 Monte Carlo Crescent,
Kyalami Park, Midrand |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
09.03.1992 |
|
|
|
|
Com. Reg. No.: |
M1968/007765/07 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Manufacture of primary
non-ferrous metal products |
|
|
|
|
No. of Employees : |
27 |
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 – March, 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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 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 |
ENERGY
ENGINEERED PRODUCTS (PTY)LTD |
|
Country |
South
Africa |
|
Subject
Contact Person |
GAY -
Accountant |
|
Assessment |
This is
a well-established business. On investigation contact was made with GAY, the
accountant of the company who assisted with most of the required information.
The company has been operating for 45 Years. A bank code R was obtained for
an enquiry amount of R 100 000 over 30 days. The company is meeting
commitments with it's one supplier timeously. No adverse information was
revealed during the investigation. Please see the information obtained below. |
|
Registered
Name |
ENERGY
ENGINEERED PRODUCTS (PTY)LTD |
|
Trading
as/ Division Name |
None |
|
Previous
Name |
ENERGY
METALS (PTY)LTD |
|
Date of
Name Change |
1992-03-09 |
|
Registration
Number |
M1968/007765/07 |
|
Registration
Date |
1968/07/11 |
|
Date
Commenced Trading |
1968-07-11 |
|
Age of
Business |
45 Years |
|
History
of Business |
ENERGY
ENGINEERED PRODUCTS (PTY)LTD was registered in July 1968 and underwent a name
change from ENERGY METALS (PTY)LTD in March 1992 to the current name. |
|
History
of Principals |
There
are 4 active directors within the company. |
|
Shareholders/Members/Partners
of subject and % holding |
The
shareholding structure was not made available. |
|
Authorised
Share Capital |
R0.00 |
|
Issued
Share Capital/Members Contribution |
R0.00 |
|
Status |
In
Business |
|
Operations
Assessment |
The
company is involved in the distribution of stainless steel, specialist
alloys, and valves. The materials stocked include VALVES, PIPE, PIPE
FITTINGS, FLANGES, ROUND BARS, HEAT EXCHANGE TUBES, ANGLE, FLAT BAR, STUDBOLTS
& FASTENERS. |
|
Industry/
Customers |
Engineering,
Mining and Construction |
|
Export |
Yes |
|
Import |
Yes |
|
Import
Countries |
India,
Nigeria |
|
Major
Industry Code / SICC |
35202 |
|
Definition
of Code |
Manufacture
of primary non-ferrous metal products |
|
Head
Office Physical Address |
30 MONTE
CARLO CRESCENT, KYALAMI PARK, MIDRAND |
|
Head
Office Postal Address |
PO BOX
4269, MIDRAND, 1984 |
|
Current
Tel Number |
0114661926 |
|
Cell
Number |
None |
|
Current
Fax Number |
0879852426 |
|
Current
Email Address |
|
|
Web Site
Address |
|
|
Comments |
|
|
Company
Registered Name |
PAPILSKY
HURWITZ FINANCIAL SERVICES |
|
Trading
Name |
PAPILSKY
HURWITZ |
|
Registration
Number |
B2003/103971/23 |
|
Physical
Address |
ALOE
GROVE BUILDING, 196 LOUIS BOTHA AVENUE, ORANGE GROVE, SANDTON, 2192 |
|
Postal
Address |
P 0 BOX
46319, ORANGE GROVE, 2119 |
|
Contact
Person |
Unavailable |
|
Contact
Number |
0117287433 |
|
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 |
917850E |
|
VAT
Number |
4690215274 |
|
Tax
Number |
9453562150 |
|
BEE
Status |
Unavailable |
|
Financial
Year End |
February |
|
No of
years in Business |
6 Years
1 Months |
|
Website |
|
|
Comment |
|
Previous
Auditors Information - No Information on Record
|
Vat
Number |
4240130742 |
|
Status |
ACTIVE |
|
Vat
Liable Date |
1992/03/01 |
|
Tax
Number |
9470032849 |
|
Tax
Clearance Expire Date |
|
|
Financial
Year End |
June |
|
Comment |
|
|
Black
Economic Empowerment |
|
|
Status |
Yes |
|
Score |
5.00 |
|
Expire
Date |
Mar 13
2013 |
|
BEE
Certificate Available |
Yes |
|
Comment |
|
|
ISO
Status |
|
|
Type of
ISO Grade |
ISO
9001:2008 |
|
ISO
Certificate |
Yes |
|
ISO
Certificate Available |
Yes |
|
Certified
by an Accredited Agent |
Yes |
|
Comment |
|
Work Mans
Information - No Information on Record
Subsidiaries
Information - No Information on Record
|
Employees |
||||
|
Number
of Employees |
27 |
|||
|
1.
Salaried employees |
27 |
|||
|
2. Waged
employees |
0 |
|||
|
3.
Permanent employees |
27 |
|||
|
4.
Casual employees |
0 |
|||
|
5.
Contracted employees |
0 |
|||
|
Comment |
|
|||
|
Company
Fleet |
||||
|
Company
Fleet |
No of
vehicles: |
Ownerd/Leased |
Value |
Outstanding
Balance |
|
Fleet
Operations |
|
|
|
|
|
The
Fleet is made up of |
7 |
|||
|
Comment |
|
|||
|
Cars |
5 |
Owned |
|
|
|
Trucks |
2 |
Owned |
|
|
|
Offices |
Offices |
|
|
Head
Office Owned/ Rented |
Leased |
|
|
Rental
Company |
Undisclosed |
|
|
Owned by |
|
|
|
Value |
|
|
|
Bond |
|
|
|
Bank |
|
|
|
Lease
Agreement |
Annual |
|
|
Lease
Expire Date |
|
|
|
Type of
Premises |
Administration
Office and Factory |
|
|
Comment |
|
|
|
Branch
Information |
||
|
Branches
Names |
Country |
Province |
|
There
are no reported branches |
South
Africa |
Gauteng |
|
Branch
Detail Information |
||
|
Branches
Owned/ Rented |
|
|
|
Rental
Company |
None |
|
|
Owned by |
None |
|
|
Value |
|
|
|
Bond |
|
|
|
Bank |
None |
|
|
Lease
Agreement |
None |
|
|
Lease
Expire Date |
None |
|
|
Type of
Premises |
None |
|
|
Comment |
|
|
Organisation
Chart
|
Level |
Position |
Name |
Comment |
|
|
|||
|
1 |
AAANAGING
DIRECTOR |
HUGH
WHITTY |
|
|
|
|||
|
2 |
DIRECTOR
OF SALES AND OPERATIONS |
GRAHAM
WHITTY |
|
|
|
|||
|
3 |
DIRECTOR
OF PROJECTS |
FIONA
JACOBS |
|
Company
Structure Information - No Information on Record
Note: One level up and all levels down
Key Deals
- No Information on Record
|
Trade
Reference nr |
Supplier |
Contact |
Surety
Value |
Notarial
Bonds |
Comment |
|
1 |
STEELMOR
INDUSTRIES |
011 5747
5000 |
|
|
|
|
2 |
BSI
STEEL |
011 861
7600 |
|
|
AGAINST
COMPANY POLICY TO PROVIDE TRADE REFERENCES |
Trade
References Detail
|
Nr |
Age of
Acc |
Credit
Limit |
Max
Credit |
Terms |
Average
Purchases |
Terms
Taken |
Comment |
|
1 |
JUNE
1992 |
R
2400000.00 |
R 200000 |
30 DAYS |
R 40000 |
30 DAYS |
ACCOUNT
COVERED BY CREDIT GUARANTEE INSURANCE. THE COMPANY ENJOYS A 2.5 % SETTLEMENT DISCOUNT. EXCELLENT
ACCOUNT |
|
2 |
|
|
|
|
|
|
AGAINST
COMPANY POLICY TO PROVIDE TRADE REFERENCES |
Judgements
|
Judgements |
None |
|
Possible
Judgements |
None |
|
Civil
Court |
0 |
|
RDs |
0 |
|
Comment |
No
Information on Record |
Business
Rescue
|
Date
registered |
Business
rescue practitioner |
Contact
Information |
Details |
Comment |
|
|
There is
no information found on file |
No
Information on Record |
No
Information on Record |
No
Information on Record |
Default
Listings
|
Date |
Details |
Comment |
|
|
There is
no information found on file |
No
Information on Record |
|
Notarial
Bonds |
||
|
Date |
Details |
Comment |
|
|
There is
no information found on file |
No
Information on Record |
|
Bank |
STANDARD
BANK |
|
Branch |
SANDTON |
|
Brach
Code |
051001 |
|
Bank
Account Number |
02258556 |
|
Type of
Account |
CHEQUE
ACCOUNT |
|
Account
Name |
ENERGY
ENGINEERED PRODUCTS (PTY)LTD |
|
Overdraft
Facilities |
Yes, the
company enjoys an overdraft facility, further details were not made available |
|
Bank
Code |
R |
|
Bank
Comment |
The
subject's bankers were unable to provide a bank code as the name and account
number is incorrect |
Bank Code
History - No Information on Record
Previous
Bank Account Information - No Information on Record
Deeds
Information - No information on record
|
Number
of Principals |
4 |
|
Average
Age of Active Principals |
50 |
|
Active
Principals Principal - 1of 4 ANDREW WHITTY |
|
|
Surname |
WHITTY |
|
First
Name |
ANDREW |
|
Other
Names |
RICHARD
HUGH |
|
Marital
Status |
|
|
ID
Number |
7504245205087 |
|
Verified
ID Number |
Yes |
|
Current
Age |
38 Years
3 Months |
|
Designation |
Director |
|
Status |
Active |
|
Appointment
Date |
2007/01/02 |
|
Physical
Address (at time of Appointment) |
6
AVENUE, LOMBARDIE, CONSTANTIA, CAPE TOWN WESTERN CAPE, 7806 |
|
Postal
Address |
15 ALICE
LANE, SANDTON, 2196 |
|
Current
Tel Number |
0118955338 |
|
Cell
number |
0798774309 |
|
Shareholding/Membership |
0.00 |
Business
Information forANDREW WHITTY Principal Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
COMMISSIONER
STREET NO 1 (RF) (PTY) LTD |
M2007/033844/07 |
In
Business |
6 Years
6 Months |
0 |
No |
|
|
COMMISSIONER
STREET NO 3 (RF) (PTY) LTD |
M2008/006438/07 |
In
Business |
5 Years
5 Months |
0 |
No |
|
|
COMMISSIONER
STREET NO 4 (PTY) LTD |
M2008/006435/07 |
In
Business |
5 Years
5 Months |
0 |
No |
|
|
COMMISSIONER
STREET NO 4 (RF) LTD |
M2008/006435/06 |
In
Business |
5 Years
5 Months |
0 |
No |
|
|
COMMISSIONER
STREET NO 5 (PTY) LTD |
M2008/006360/07 |
In
Business |
5 Years
5 Months |
0 |
No |
|
|
COMMISSIONER
STREET NO 5 (RF) LTD |
M2008/006360/06 |
In
Business |
5 Years
5 Months |
0 |
No |
|
|
ENERGY
ENGINEERED PRODUCTS (PTY) LTD |
M1968/007765/07 |
In
Business |
45 Years
9 Months |
0 |
No |
|
Principal's
Deeds Information - No information on record
Principal
Previous Business Interest
Average
Age of Previous Business
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
|
|
|
|
|
|
|
Principal
- 2of 4 GRAHAM WHITTY
|
Surname |
WHITTY |
|
First
Name |
GRAHAM |
|
Other
Names |
ANTHONY
RADCLIFFE |
|
Marital
Status |
|
|
ID
Number |
7207275067084 |
|
Verified
ID Number |
Yes |
|
Current
Age |
41 Years |
|
Designation |
Director
Of Sales |
|
Status |
Active |
|
Appointment
Date |
2007/01/02 |
|
Physical
Address (at time of Appointment) |
1
CUMBERLAND AVENUE, BRYANSTON, 2191 |
|
Postal
Address |
PO BOX
69307, BRYANSTON, 2021 |
|
Current
Tel Number |
0114661692 |
|
Cell
number |
0826509094 |
|
Shareholding/Membership |
0.00 |
Business
Information forGRAHAM WHITTY Principal Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
ENERGY
ENGINEERED PRODUCTS (PTY) LTD |
M1968/007765/07 |
In
Business |
45 Years
9 Months |
0 |
No |
|
Principal
Previous Business Interest
Principal's
Deeds Information - No information on record
Average
Age of Previous Business
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
|
|
|
|
|
|
|
|
Principal
- 3of 4 FIONA JACOBS |
|
|
Surname |
JACOBS |
|
First
Name |
FIONA |
|
Other
Names |
NONE |
|
Marital
Status |
|
|
ID
Number |
5907100083188 |
|
Verified
ID Number |
Yes |
|
Current
Age |
54 Years |
|
Designation |
Director
Of Projects |
|
Status |
Active |
|
Appointment
Date |
2004/03/01 |
|
Physical
Address (at time of Appointment) |
14 JAMES
ROAD, OLIVEDALE, EXT 2, 2188 |
|
Postal
Address |
P.O. BOX
1282, FOURWAYS, 2055 |
|
Current
Tel Number |
0114622773 |
|
Cell
number |
0823322512 |
|
Shareholding/Membership |
0.00 |
Business
Information forFIONA JACOBS
Principal
Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
ENERGY
ENGINEERED PRODUCTS (PTY) LTD |
M1968/007765/07 |
In
Business |
45 Years
9 Months |
0 |
No |
|
Principal
Previous Business Interest
Average
Age of Previous Business 6 Years
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
FAMILY
SUPPORT PLACEMENTS CC |
B2007/123461/23 |
Deregistration
Final |
6 Years
6 Months |
0 |
No |
|
|
Principal
- 4of 4 HUGH WHITTY |
|
|
Surname |
WHITTY |
|
First
Name |
HUGH |
|
Other
Names |
NONE |
|
Marital
Status |
|
|
ID
Number |
4510120000000 |
|
Verified
ID Number |
|
|
Current
Age |
67 Years
9 Months |
|
Designation |
Managing
Director |
|
Status |
Active |
|
Appointment
Date |
1992/03/01 |
|
Physical
Address (at time of Appointment) |
12 QUEEN
ROAD, BRYANSTON, 2021 |
|
Postal
Address |
P 0 BOX
98423, SLOANE PARK, 2125 |
|
Current
Tel Number |
0114661926 |
|
Cell
number |
Unavailable |
|
Shareholding/Membership |
0.00 |
Business
Information forHUGH WHITTY
Principal
Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
ENERGY
ENGINEERED PRODUCTS (PTY) LTD |
M1968/007765/07 |
In
Business |
45 Years
9 Months |
0 |
No |
|
|
STAFCO
PROPERTY MANAGEMENT (PTY) LTD |
M1981/008358/07 |
In
Business |
32 Years
8 Months |
0 |
No |
|
Principal's
Deeds Information - No information on record
Principal
Previous Business Interest
Average
Age of Previous Business
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
|
|
|
|
|
|
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.44 |
|
|
1 |
Rs.91.24 |
|
Euro |
1 |
Rs.78.43 |
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.