|
Report Date : |
06.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
GLOBAL
PARTS (PTY)LTD |
|
|
|
|
Registered Office : |
72 Twelfth
Road, Kew, Johannesburg, 2196 |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
23.05.1995 |
|
|
|
|
Com. Reg. No.: |
M1995/004559/07 |
|
|
|
|
Legal Form : |
Private company |
|
|
|
|
Line of Business : |
Manufacture
of other motor vehicle parts and accessories |
|
|
|
|
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 electicity 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 |
GLOBAL PARTS
(PTY)LTD |
|
Country |
South Africa |
|
Account Review |
Recommended Every
3 Months |
|
Subject Contact
Person |
LISA ANN -
0115557600 |
|
Assessment |
On
investigation contact was made with the financial manager LISA ANN who
declined to assist with all the information on the subject as it was stated
that there are no credit dealings in India. Please see the available
information on the subject below. |
|
Registered
Name |
GLOBAL
PARTS (PTY)LTD |
|
Trading
as/ Division Name |
None |
|
Previous
Name |
Undisclosed |
|
Date of
Name Change |
Oct 30
2003 12:00AM |
|
Registration
Number |
M1995/004559/07 |
|
Registration
Date |
1995/05/23 |
|
Date
Commenced Trading |
1995-05-23 |
|
Age of
Business |
17 Years
11 Months |
|
History of
Business |
The
subject was established as a new business in 1995. It underwent a name change
in 2003, further details were not made available. |
|
History of
Principals |
|
|
Shareholders/Members/Partners
of subject and % holding |
100 % -
MICHAEL MILLER |
|
Authorised
Share Capital |
R1000.00 |
|
Issued
Share Capital/Members Contribution |
R 100.00 |
|
Status |
In
Business |
|
Operations
Assessment |
Supplying quality
replacement parts for VW, AUDI, MERCEDES, BMW, OPEL and other leading brands |
|
Industry/
Customers |
Automotive
industry. Audi, Mercedes, BMW |
|
Export |
|
|
Export
Countries |
|
|
Import |
|
|
Import
Countries |
|
|
Major
Industry Code / SICC |
38309 |
|
Definition
of Code |
Manufacture
of other motor vehicle parts and accessories |
|
Head
Office Physical Address |
72 Twelfth
Road, Kew, Johannesburg, 2196 |
|
Head
Office Postal Address |
PO. BOX
39591, Bramley, 2018 |
|
Current
Tel Number |
0115557600 |
|
Cell
Number |
|
|
Current
Fax Number |
0866088343 |
|
Current
Email Address |
|
|
Web Site
Address |
|
|
Comments |
|
Previous Auditors
|
Company
Name |
Phone Number |
Time
with previous auditors |
Comment |
|
EKSTEEN
LOUW & BADENHORST INC |
|
7 |
|
|
JR
HILLIS AND CO |
|
16 |
|
|
HOLLIS
AND MC ALEENON |
|
16 |
|
|
VEXILLLUM
AUDITORS INCORPORATED |
|
4 |
|
Tax
Information
|
Vat Number |
4640103034 |
|
Status |
ACTIVE |
|
Vat Liable
Date |
|
|
Tax Number |
9242096841 |
|
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
Subsidiaries information - No Information on Record
Employee’s information - No Information on Record
Compnay fleet information - No Information on Record
Offices
Information
Branch
Information
Organisation
Chart
|
Level |
Position |
Name |
Comment |
|
|
|||
|
1 |
Director |
MICHAEL
MILLER |
|
Company
Structure (Ownership)
Note: One
level up and all levels down
|
Holding |
Company |
Sub |
Comment |
|
100
% - MICHAEL MILLER |
GLOBAL
PARTS (PTY) LTD |
|
|
Key deals – no information on
Trade references information - no information on
Judgments - no information on records
Business rescue - no information on records
Default listing - no information on records
Notarial bonds - no information on records
Principals
|
Number of
Principals |
1 |
|
Average
Age of Active Principals |
56 |
|
Active
Principals Principal - 1of 1 MICHAEL MILLER |
|
|
Surname |
MILLER |
|
First Name |
MICHAEL |
|
Other
Names |
None |
|
Marital
Status |
Married |
|
ID Number |
5706305053008 |
|
Verified
ID Number |
Yes |
|
Current
Age |
56 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment
Date |
1995/05/23 |
|
Physical
Address (at time of Appointment) |
26 19TH
STREET, PAGEVIEW, JOHANNESBURG, 2001 |
|
Postal
Address |
PO BOX
1441, NORTHCLIFF, 2115 |
|
Current
Tel Number |
0115557600 |
|
Cell
number |
0823555867 |
|
Shareholding/Membership |
100% |
Principal's
Adverse - No information on record
Business
Information forMICHAEL MILLER Principal Current Business Interests
|
Company
Name |
Registration No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
GLOBAL
PARTS DISTRIBUTORS CC |
B1988/007050/23 |
Conversion CO/CC
or CC/CO |
25 Years 1
Months |
0 |
No |
|
|
GLOBAL
PARTS (PTY) LTD |
M1995/004559/07 |
In
Business |
17 Years
11 Months |
0 |
No |
|
|
Company
Name |
Registration
No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
ROCKY
RACCOON CC |
B1989/005889/23 |
Deregistration
Final |
24 Years 2 Months |
0 |
No |
|
|
JESPAR
INVESTMENT CC |
B1989/037842/23 |
In
Business |
23 Years 5 Months |
0 |
No |
|
|
TECNO
TEILE CC |
B1994/025379/23 |
Deregistration
Final |
18 Years 8 Months |
0 |
No |
|
Principal's
Deeds Information - No information on record
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.95 |
|
|
1 |
Rs.83.80 |
|
Euro |
1 |
Rs.70.49 |
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.