MIRA INFORM REPORT
|
Report Date : |
21.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
DENVER
AGRICULTURAL TRACTOR SPARES (PTY) LTD |
|
|
|
|
Registered Office : |
2 CYPRESS
DRIVE, GLEN ANIL, DURBAN NORTH, 4051 |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
14.05.1987 |
|
|
|
|
Com. Reg. No.: |
1993/000328/07 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Manufacture
Of Parts And Accessories For Motor Vehicles And Their Engines |
|
|
|
|
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 Unemployment remains high and outdated infrastructure has constrained growth.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 |
Company
name
|
Subject Name |
DENVER
AGRICULTURAL TRACTOR SPARES (PTY) LTD |
|
Country |
South Africa |
|
Enquiry Terms |
COD |
|
Account Review |
Recommended Every
6 Months |
|
Subject Contact
Person |
ELAINE CADMIN -
0315692825 |
|
Assessment |
On investigation
contact was made with ELAINE CADMIN the accountant of the company, who
declined to assist with any information. MRS. CADMIN requested the name of
the principal enquirer before she may divulge any information on the subject.
Please see the available information below. |
Company information
|
Registered
Name |
DENVER
AGRICULTURAL TRACTOR SPARES (PTY) LTD |
|
Trading
as/ Division Name |
|
|
Previous
Name |
DENVER
AGRICULTURAL TRACTOR SPARES CC |
|
Date of
Name Change |
Jan 25
1993 12:00AM |
|
Registration
Number |
1993/000328/07 |
|
Registration
Date |
1987/05/14 |
|
Date
Commenced Trading |
1987-05-14 |
|
Age of
Business |
25 Years
10 /Months |
|
History of
Business |
Denver
Agricultural is backed by an extensive worldwide network of quality suppliers
which provides the company with the potential to supply almost anything and
everything related to agricultural equipment and parts. |
|
History of
Principals |
Unavailable |
|
Shareholders/Members/Partners
of subject and % holding |
Unavailable |
|
Authorised
Share Capital |
R1000.00 |
|
Issued
Share Capital/Members Contribution |
R 100.00 |
|
Status |
Conversion
CO/CC or CC/CO |
|
Operations
Assessment |
Distributors
Perkins Engines, Ford Tractors etc. |
|
Industry/
Customers |
MASSEY
FERGUSON, FORD and FIAT |
|
Export |
|
|
Export
Countries |
|
|
Import |
|
|
Import
Countries |
|
|
Major
Industry Code / SICC |
3830 |
|
Definition
of Code |
MANUFACTURE
OF PARTS AND ACCESSORIES FOR MOTOR VEHICLES AND THEIR ENGINES |
|
Head
Office Physical Address |
2 CYPRESS
DRIVE, GLEN ANIL, DURBAN NORTH, 4051 |
|
Head
Office Postal Address |
P.O. BOX
22585, GLEN ASHLEY, 4022 |
|
Current
Tel Number |
0315692825 |
|
Cell Number |
Unavailable |
|
Current
Fax Number |
0315692497 |
|
Current
Email Address |
|
|
Web Site
Address |
|
|
Comments |
|
Auditors information
|
Company
Registered Name |
R. I.
KENNEDY & ASSOCIATES |
|
Trading
Name |
R. I.
KENNEDY & ASSOCIATES |
|
Registration
Number |
2011/148057/21 |
|
Physical
Address |
2 WILFORD
COURT, 5 MILLER GROVE, BEREA, DURBAN, 4001 |
|
Postal
Address |
P O BOX
20708, DURBAN NORTH, 4016 |
|
Contact
Person |
0312073573 |
|
Contact
Number |
ROBERT
KENNEDY |
|
Email |
|
|
Principals |
1 |
|
Judgements
Against Subject |
NONE |
|
Judgements
Against Principals |
NONE |
|
Subject
Verified as Client |
Yes |
|
Practice
Number |
269798N |
|
VAT Number |
Unavailable |
|
Tax Number |
Unavailable |
|
BEE Status |
Unavailable |
|
Financial
Year End |
February |
|
No of
years in Business |
6 |
|
Website |
|
|
Comment |
|
Previous auditors
|
Company Name |
Phone
Number |
Time with previous auditors |
Comment |
|
LIEBENBERG FRASER INCORPORATED |
|
Unknown |
|
|
BRESLER AND ASSOCIATES |
|
21 |
|
Tax information
|
Vat Number |
4800134498 |
|
Status |
ACTIVE |
|
Vat Liable
Date |
1992/11/01 |
|
Tax Number |
9067162207 |
|
Tax
Clearance Expire Date |
|
|
Financial
Year End |
February |
|
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
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 |
DIRECTOR |
| JAKE CADMAN |
|
|
|
|||
|
1 |
DIRECTOR |
| ELAINE CADMAN |
|
|
|
|||
|
1 |
DIRECTOR |
| ROBERT CADMAN |
|
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
Principal
|
Number of
Principals |
3 |
|
Average
Age of Active Principals |
48 |
|
Active
Principals Principal
- 1of 3 JAKE
CADMAN |
|
|
Surname |
CADMAN |
|
First Name |
JAKE |
|
Other
Names |
|
|
Marital
Status |
|
|
ID Number |
7203155818183 |
|
Verified
ID Number |
Yes |
|
Current
Age |
41 |
|
Designation |
DIRECTOR |
|
Status |
Active |
|
Appointment
Date |
1999/03/25 |
|
Physical
Address (at time of Appointment) |
40 TIPUANA
DRIVE, GLEN HILLS, 4022 |
|
Postal
Address |
P O BOX
22585, GLEN ASHLEY, DURBAN, 4022 |
|
Current
Tel Number |
0315693022 |
|
Cell
number |
0843536527 |
|
Shareholding/Membership |
0.0000 |
Business
Information forJAKE CADMAN
Principal
Current Business Interests
|
Company
Name |
Registration No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
DENVER
AGRICULTURAL TRACTOR SPARES CC |
B1987/011200/23 |
Conversion
CO/CC or CC/CO |
25 Years
10 Months |
0 |
No |
|
|
AGRI-LINE
CC |
B2005/158300/23 |
In
Business |
7 Years 4
Months |
0 |
No |
|
|
BL TRACTOR PARTS
CC |
B2008/260499/23 |
In
Business |
4 Years 3
Months |
0 |
No |
|
|
VIBRANT
VINYL (PTY)LTD |
K2012/092093/07 |
In
Business |
10 Months |
0 |
No |
|
|
WILL
HOLDINGS (PTY)LTD |
M1992/002389/07 |
In
Business |
20 Years
10 Months |
0 |
No |
|
|
DENVER
AGRICULTURAL TRACTOR SPARES (CAPE) (PTY)LTD |
M1994/002683/07 |
In
Business |
18 Years
11 Months |
0 |
No |
|
Principal's Deeds Information - No information on record
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
ZIMBABWE TRADING
CC |
B2000/046470/23 |
Deregistration
Final |
12 Years 7
Months |
0 |
No |
|
|
MEINZ
ELECTRICAL CC |
B2000/056686/23 |
Deregistration
Final |
12 Years 6
Months |
0 |
No |
|
|
JAKE CADMAN
PROPERTIES (PTY)LTD |
M1986/003689/07 |
Deregistration
Final |
26 Years 6
Months |
0 |
No |
|
|
T S B
EXPORT (PTY)LTD |
M1993/000267/07 |
Conversion
CO/CC or CC/CO |
20 Years 2
Months |
0 |
No |
|
|
WINDTIP
(PTY)LTD |
M1994/002091/07 |
Deregistration
Final |
19 Years |
0 |
No |
|
|
MICHIGAN
EQUIPMENT (PTY)LTD |
M1998/017267/07 |
In
Business |
14 Years 6
Months |
0 |
No |
|
ELAINE
CADMAN
|
Surname |
CADMAN |
|
First Name |
ELAINE |
|
Other
Names |
|
|
Marital
Status |
|
|
ID Number |
7109260060084 |
|
Verified
ID Number |
Yes |
|
Current
Age |
42 |
|
Designation |
DIRECTOR |
|
Status |
Active |
|
Appointment
Date |
1999/03/25 |
|
Physical
Address (at time of Appointment) |
51
MARYLAND AVENUE, GLENASHLEY, 4051 |
|
Postal
Address |
51
MARYLAND AVENUE, GLENASHLEY, GLENASHLEY, DURBAN NORTH, 4051 |
|
Current
Tel Number |
0315692971 |
|
Cell
number |
0843536527 |
|
Shareholding/Membership |
0.0000 |
Business
Information forELAINE CADMAN
Principal
Current Business Interests
|
Company
Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
DENVER
AGRICULTURAL TRACTOR SPARES CC |
B1987/011200/23 |
Conversion
CO/CC or CC/CO |
25 Years 10 Months |
0 |
No |
|
|
WILL
HOLDINGS (PTY)LTD |
M1992/002389/07 |
In
Business |
20 Years 10 Months |
0 |
No |
|
|
DENVER
AGRICULTURAL TRACTOR SPARES (CAPE) (PTY)LTD |
M1994/002683/07 |
In
Business |
18 Years 11 Months |
0 |
No |
|
%20LTD%20-%20214475%2021-Mar-2013_files/image001.gif)
Principal Previous Business Interests
Business
Information forROBERT CADMAN
Principal
Current Business Interests
|
Company
Name |
Registration No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
DENVER
AGRICULTURAL TRACTOR SPARES CC |
B1987/011200/23 |
Conversion
CO/CC or CC/CO |
25 Years
10 Months |
0 |
No |
|
|
AGRI-LINE
CC |
B2005/158300/23 |
In
Business |
7 Years 4
Months |
0 |
No |
|
|
BL TRACTOR PARTS
CC |
B2008/260499/23 |
In
Business |
4 Years 3
Months |
0 |
No |
|
|
VIBRANT
VINYL (PTY)LTD |
K2012/092093/07 |
In
Business |
10 Months |
0 |
No |
|
|
WILL
HOLDINGS (PTY)LTD |
M1992/002389/07 |
In
Business |
20 Years
10 Months |
0 |
No |
|
|
DENVER
AGRICULTURAL TRACTOR SPARES (CAPE) (PTY)LTD |
M1994/002683/07 |
In
Business |
18 Years
11 Months |
0 |
No |
|
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
302
YALDARA CC |
B1994/011183/23 |
Deregistration
Final |
18
Years 11 Months |
0 |
No |
|
|
ZIMBABWE TRADING
CC |
B2000/046470/23 |
Deregistration
Final |
12 Years 7
Months |
0 |
No |
|
|
MEINZ
ELECTRICAL CC |
B2000/056686/23 |
Deregistration
Final |
12 Years 6
Months |
0 |
No |
|
|
SIWASH
TRADING CC |
B2001/045602/23 |
Deregistration
Final |
11 Years 8
Months |
0 |
No |
|
|
JAKE CADMAN
PROPERTIES (PTY)LTD |
M1986/003689/07 |
Deregistration
Final |
26 Years 6
Months |
0 |
No |
|
|
T S B
EXPORT (PTY)LTD |
M1993/000267/07 |
Conversion
CO/CC or CC/CO |
20 Years 2
Months |
0 |
No |
|
|
WINDTIP
(PTY)LTD |
M1994/002091/07 |
Deregistration
Final |
19 Years |
0 |
No |
|
|
JEAN-ANN PROPERTIES
(PTY)LTD |
M1996/000473/07 |
Deregistration
Final |
17 Years 2
Months |
0 |
No |
|
|
MICHIGAN
EQUIPMENT (PTY)LTD |
M1998/017267/07 |
In
Business |
14 Years 6
Months |
0 |
No |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.37 |
|
|
1 |
Rs.82.07 |
|
Euro |
1 |
Rs.70.03 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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.