|
Report Date : |
26.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
|
|
|
|
|
Registered Office : |
21Bennette
Street, Neave townshipport, |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
05.12.2007 |
|
|
|
|
Com. Reg. No.: |
M2007/034741/07 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Specialised automotive engineering workshops. |
|
|
|
|
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 – 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 |
FOREST DAWN
PROPERTIES (PTY)LTD |
|
Country |
South
Africa |
|
Subject
Contact Person |
TERRY
FOGARTY - Financial Manager |
|
Assessment |
This is
an established business. On investigation contact was made with TERRY FOGARTY
the financial manager who requested the questionnaire to be sent to him. On
following up on the questionnaire he required more time to provide. We still await further information on the
business. Please see the available information on the subject below. |
|
Registered
Name |
FOREST
DAWN PROPERTIES (PTY)LTD |
|
Trading
as/ Division Name |
FOREST
DAWN PROPERTIES |
|
Previous
Name |
None |
|
Date of
Name Change |
None |
|
Registration
Number |
M2007/034741/07 |
|
Registration
Date |
2007/12/05 |
|
Date
Commenced Trading |
2007-12-05 |
|
Age of
Business |
5 Years
6 Months |
|
History
of Business |
The
business was established as a new business in 2007 and operations commenced
immediately. |
|
History
of Principals |
There are
currently 3 active directors within the business. |
|
Shareholders/Members/Partners
of subject and % holding |
Unavailable |
|
Authorised
Share Capital |
R1000.00 |
|
Issued
Share Capital/Members Contribution |
R 100.00 |
|
Status |
In
Business |
|
Operations
Assessment |
Manufacture
of metal assembly |
|
Industry/
Customers |
Automotive
Industry |
|
Export |
Unknown |
|
Export
Countries |
|
|
Import |
Yes |
|
Import
Countries |
|
|
Major
Industry Code / SICC |
38302 |
|
Definition
of Code |
Activities
of specialised automotive engineering workshops. |
|
Head
Office Physical Address |
21Bennette
Street, Neave townshipport, PORT ELIZABETH, 6001 |
|
Head
Office Postal Address |
P O BOX
4297, KORSTEN, 6014 |
|
Current
Tel Number |
0414086082 |
|
Cell
Number |
|
|
Current
Fax Number |
0414086103 |
|
Current
Email Address |
|
|
Web Site
Address |
|
|
Comments |
|
|
Company
Registered Name |
GRANT
THORNTON CAPE INC |
|
Trading
Name |
GRANT
THORNTON |
|
Registration
Number |
2010/016204/21 |
|
Physical
Address |
6th
Floor, 119 Hertzog Boulevard, Foreshore, CAPE TOWN |
|
Postal
Address |
P O BOX
63814, GREENACRES, 6057 |
|
Contact
Person |
JACKIE |
|
Contact
Number |
0214178800 |
|
Email |
Unavailable |
|
Principals |
16 |
|
Judgements
Against Subject |
None On
Record |
|
Judgements
Against Principals |
None On
Record |
|
Subject
Verified as Client |
Yes |
|
Practice
Number |
985438E |
|
VAT
Number |
4950256596 |
|
Tax
Number |
9151210185 |
|
BEE
Status |
Level 4 |
|
Financial
Year End |
December |
|
No of
years in Business |
3 Years |
|
Website |
|
|
Comment |
|
Previous Auditors
Information - No Information on Record
Tax
Information
|
Vat
Number |
4070246212 |
|
Status |
ACTIVE |
|
Vat
Liable Date |
2008/03/01 |
|
Tax
Number |
9428151162 |
|
Tax
Clearance Expire Date |
|
|
Financial
Year End |
March |
|
Comment |
|
Black
Economic Empowerment Information - No Information on Record
ISO
Information - No Information on Record
Work Mans
Information - No Information on Record
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
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
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
Deeds
Information - No information on record
Principals
|
Number
of Principals |
3 |
|
Average
Age of Active Principals |
46 |
|
Active
Principals Principal - 1of 3 ULRICH SCHOOF |
|
|
Surname |
SCHOOF |
|
First
Name |
ULRICH |
|
Other
Names |
None |
|
Marital
Status |
|
|
ID
Number |
427445865 |
|
Verified
ID Number |
No |
|
Current
Age |
47 Years
1 Months |
|
Designation |
BUSINESSMAN |
|
Status |
Active |
|
Appointment
Date |
2013/04/04 |
|
Physical
Address (at time of Appointment) |
AM
RASSELBERG 41, 35578 WETZLAR, GERMANY, 0000 |
|
Postal
Address |
LINDE
WIEMANN GMBH KG, INDUSTRIE STRANE 4-12, INDUSTRIE STRANE 4-12, 35683
DILLENBURG, 0000 |
|
Current
Tel Number |
0414086082 |
|
Cell
number |
|
|
Shareholding/Membership |
0.00 |
Principal's
Adverse - No information on record
Business
Information forULRICH SCHOOF Principal Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
FOREST
DAWN PROPERTIES (PTY)LTD |
M2007/034741/07 |
In
Business |
6 Years
6 Months |
0 |
No |
|
Principal
Previous Business Interest
Principal's
Deeds Information - No information on record
Principal
- 2of 3
OLIVER
DIEZ
|
Surname |
DIEZ |
|
First
Name |
OLIVER |
|
Other
Names |
None |
|
Marital
Status |
|
|
ID
Number |
355137263 |
|
Verified
ID Number |
No |
|
Current
Age |
45 Years
2 Months |
|
Designation |
BUSINESSMAN |
|
Status |
Active |
|
Appointment
Date |
2013/04/04 |
|
Physical
Address (at time of Appointment) |
CAM DE
LA GEGANTA, 91, 5 A, 08302 MATAR, SPAIN, 0000 |
|
Postal
Address |
LINDE
& WIEMANN S.A., AV. MILENARI DE CATALUNYA 50, AV. MILENARI DE CATALUNYA
50, 08530 LA GARRIGA, 0000 |
|
Current
Tel Number |
0414086082 |
|
Cell
number |
|
|
Shareholding/Membership |
0.00 |
Principal's
Adverse - No information on record
Business
Information forOLIVER DIEZ
Principal
Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
FOREST
DAWN PROPERTIES (PTY)LTD |
M2007/034741/07 |
In
Business |
6 Years
6 Months |
0 |
No |
|
Principal
Previous Business Interests
Principal's
Deeds Information - No information on record
Principal
- 3of 3
JOHAN STEYN
|
Surname |
STEYN |
|
First
Name |
JOHAN |
|
Other
Names |
Non |
|
Marital
Status |
Married |
|
ID
Number |
6711255118081 |
|
Verified
ID Number |
Yes |
|
Current
Age |
45 Years
7 Months |
|
Designation |
GENERAL MANAGER |
|
Status |
Active |
|
Appointment
Date |
2008/03/03 |
|
Physical
Address (at time of Appointment) |
9 SUNNY BRAE STREET, LOVEMORE HEIGHTS ESTATE, PORT ELIZABETH,
6070 |
|
Postal
Address |
P O BOX
5879, WALMER, PORT ELIZABETH, 6000 |
|
Current
Tel Number |
0414086013 |
|
Cell number |
0825706818 |
|
Shareholding/Membership |
000 |
Principal's
Adverse - No information on record
Business
Information forJOHAN STEYN
Principal
Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
FOREST
DAWN PROPERTIES (PTY)LTD |
M2007/034741/07 |
In
Business |
6 Years
6 Months |
0 |
No |
|
|
PULLMAFLEX
SOUTHERN AFRICA (PTY)LTD |
M1978/004435/07 |
In
Business |
35 Years
11 Months |
0 |
No |
|
|
SOUTH AFRICAN
AUTOMOTIVE BENCHMARKING CLUB |
K2012/185830/08 |
In
Business |
1 Years
1 Months |
0 |
No |
|
Principal's
Deeds Information - No information on record
Principal's
Adverse - No information on record
Principal
Previous Business Interests
Average Age
of Previous Business 7 Years
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
ANDULUCIA
TRADING 151 (PTY)LTD |
M2006/025846/07 |
In
Business |
7 Years
7 Months |
0 |
No |
|
|
DAS GLOBAL
LOGISTICS (PTY)LTD |
M2010/013247/07 |
In
Business |
3 Years
3 Months |
0 |
No |
|
|
DEE
DOUBLE JAY CC |
B1993/004516/23 |
Deregistration
Final |
20 Years
8 Months |
0 |
No |
|
|
DELTA
BLUE TRADING 829 CC |
B2008/057093/23 |
Deregistration
Process |
5 Years
5 Months |
0 |
No |
|
|
PREMIER
FUND INVESTMENTS (PTY)LTD |
K2011/108566/07 |
In
Business |
2 Years
2 Months |
0 |
No |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.70 |
|
|
1 |
Rs.92.25 |
|
Euro |
1 |
Rs.78.38 |
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.