|
Report Date : |
02.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
SAFE-TOP
(PTY) LTD |
|
|
|
|
Registered Office : |
Unit 9
Pride Park, 1 Canal Road, Landsdown,Cape Town, |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
20.12.1989 |
|
|
|
|
Com. Reg. No.: |
M1989/007554/07 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Retail
trade in hardware, paints and glass |
|
|
|
|
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; 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 Unemployment remains high and outdated infrastructure has constrained growth.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 |
SAFE-TOP
(PTY)LTD |
|
Country |
South
Africa |
|
Subject
Contact Person |
BELINDA
- 0214108500 |
|
Assessment |
On
investigation conatct was made with the Financial Manager who requested a questionnaire
for completion. Numerous follow up mails and telephone calls were made to
obtain the company information. We were informed that the director is not
available, as a result the information cannot be supplied at present. We are
awaiting further information. Please see the available information below. |
|
Registered
Name |
SAFE-TOP
(PTY)LTD |
|
Trading
as/ Division Name |
None |
|
Previous
Name |
None |
|
Date
of Name Change |
None |
|
Registration
Number |
M1989/007554/07 |
|
Registration
Date |
1989/12/20 |
|
Date
Commenced Trading |
1989-12-20 |
|
Age
of Business |
23
Years 4 Months |
|
History
of Business |
The
subject was established as a new business in 1989 and operations commenced
immediately. |
|
History
of Principals |
There
are 2 directors within the business. |
|
Authorised
Share Capital |
R1000.00 |
|
Issued
Share Capital/Members Contribution |
R
100.00 |
|
Status |
In
Business |
|
Operations
Assessment |
The
subject is a leading supplier of Prepacked Fasteners and Hardware. |
|
Industry/
Customers |
The
hardware industry |
|
Major
Industry Code / SICC |
62340 |
|
Definition
of Code |
Retail
trade in hardware, paints and glass |
|
Head
Office Physical Address |
UNIT
9 PRIDE PARK, 1 CANAL ROAD, LANDSDOWN,CAPE TOWN, |
|
Head
Office Postal Address |
P
0 BOX 3311, CAPE TOWN, 8000 |
|
Current
Tel Number |
0217973520 |
|
Current
Fax Number |
0217616212 |
|
Current
Email Address |
|
|
Web
Site Address |
None |
|
Company
Registered Name |
GREENWOODS
CHARTERED ACCOUNTANT |
|
Trading
Name |
GREENWOODS |
|
Registration
Number |
|
|
Physical
Address |
24th
Floor, ABSA Centre, 2 Riebeeck Street, CAPE TOWN, 8001 |
|
Postal
Address |
PO
Box 3311, CAPE TOWN, 8000 |
|
Contact
Person |
CARL |
|
Contact
Number |
0214108500 |
|
Email |
mai
l@g ree nwoo ds. co. za |
|
Judgements
Against Subject |
None |
|
Judgements
Against Principals |
None |
|
Subject
Verified as Client |
Yes |
|
Practice
Number |
933171E |
|
VAT
Number |
4900119449 |
|
BEE
Status |
Level
2 |
|
Financial
Year End |
April |
|
No
of years in Business |
7 |
|
Website |
Previous
Auditors Information - No Information on Record
|
Vat
Number |
4680106871 |
|
Status |
ACTIVE |
|
Vat
Liable Date |
1991/09/30 |
|
Tax
Number |
9710310039 |
|
Financial
Year End |
February |
Black
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
Organisation
Chart
|
Level |
Position |
Name |
Comment |
|
|
|||
|
1 |
Director |
STEPHEN
AAARSHALL |
|
|
|
|||
|
1 |
Director |
JOHN
AAARSHALL |
|
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
BusinessRescue
- No Information on Record
Judgements
- 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
|
Number of
Principals |
3 |
|
Average
Age of Active Principals |
67 |
|
Active
Principals Principal - 1of 2 STEPHEN MARSHALL |
|
|
Surname |
MARSHALL |
|
First Name |
STEPHEN |
|
Other
Names |
None |
|
Marital
Status |
Married |
|
ID Number |
6410175176002 |
|
Verified
ID Number |
Yes |
|
Current
Age |
49 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment
Date |
1989/12/20 |
|
Physical
Address (at time of Appointment) |
LASSWADE,
LASSWADE ROAD, CONSTANTIA, 7806 |
|
Postal
Address |
LASSWADE,
LASSWADE ROAD, CONSTANTIA, 7806 |
|
Current
Tel Number |
0217943530 |
|
Cell
number |
|
|
Shareholding/Membership |
0.0000 |
Business
Information forSTEPHEN MARSHALL Principal Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
JOHN
AAARSHALL BUILDERS (PTY)LTD |
M1979/005245/07 |
Conversion
CO/CC or CC/CO |
33 Years 7
Months |
0 |
No |
|
|
SAFE-TOP
(PTY) LTD |
M1989/007554/07 |
In
Business |
23 Years 4
Months |
0 |
No |
|
|
MEADOWRIDGE
SHOPPING CENTRE (PTY) LTD |
M1992/002094/07 |
Conversion
CO/CC or CC/CO |
21 Years |
0 |
No |
|
|
CYGNET
INVESTMENTS (PTY) LTD |
M1998/006975/07 |
Conversion
CO/CC or CC/CO |
15 Years |
0 |
No |
|
Principal's
Deeds Information - No information on record
Principal
Previous Business Interests
Average Age
of Previous Business 10
Years
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
LEAFTON
TRADING AND INVESTMENTS (PTY) LTD |
M2007/013673/07 |
Deregistration
Final |
5 Years 11
Months |
0 |
No |
|
|
KABAKA
INVESTMENTS (PTY) LTD |
M1996/005652/07 |
In
Business |
16 Years
11 Months |
0 |
No |
|
JOHN
MARSHALL
|
Surname |
MARSHALL |
|
First Name |
JOHN |
|
Other
Names |
DEREK
CHARLES |
|
Marital
Status |
Married |
|
ID Number |
3704215066188 |
|
Verified
ID Number |
Yes |
|
Current
Age |
76 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment
Date |
1989/12/20 |
|
Physical
Address (at time of Appointment) |
LASSWADE
FARM, LASSWADE ROAD, CONSTANTIA, WESTERN CAPE, 7800 |
|
Postal
Address |
PO BOX 62,
CONSTANTIA, WESTERN CAPE, 7848 |
|
Current
Tel Number |
0214108500 |
|
Cell
number |
|
|
Shareholding/Membership |
0.0000 |
Business
Information forJOHN MARSHALL Principal Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
JOHN
YOUNGAAAN (PTY) LTD |
K2012/096952/07 |
In
Business |
10 Months |
0 |
No |
|
|
JOHN
AAARSHALL BUILDERS (PTY)LTD |
M1979/005245/07 |
Conversion
CO/CC or CC/CO |
33 Years 7
Months |
0 |
No |
|
|
JOHN
AAARSHALL INVESTMENTS (PTY) LTD |
M1985/004324/07 |
Conversion
CO/CC or CC/CO |
27 Years 7
Months |
0 |
No |
|
|
SAFE-TOP
(PTY) LTD |
M1989/007554/07 |
In
Business |
23 Years 4
Months |
0 |
No |
|
|
MEADOWRIDGE
SHOPPING CENTRE (PTY) LTD |
M1992/002094/07 |
Conversion
CO/CC or CC/CO |
21 Years |
0 |
No |
|
|
CYGNET
INVESTMENTS (PTY) LTD |
M1998/006975/07 |
Conversion
CO/CC or CC/CO |
15 Years |
0 |
No |
|
Principal's
Deeds Information - No information on record
Principal
Previous Business Interests
Average Age of
Previous Business 18
Years
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
KRONENDAL
ESTATES (PTY) LTD |
M1981/012311/07 |
Deregistration
Final |
31 Years 4
Months |
0 |
No |
|
|
LEAFTON
TRADING AND INVESTMENTS (PTY) LTD |
M2007/013673/07 |
Deregistration
Final |
5 Years 11
Months |
0 |
No |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.22 |
|
|
1 |
Rs.84.00 |
|
Euro |
1 |
Rs.70.98 |
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.