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Report Date : |
02.09.2013 |
IDENTIFICATION DETAILS
|
Name : |
AFRICAN LEATHER AND SKINS CC |
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|
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Registered Office : |
13 Louws Avenue, Paarl |
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|
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Country : |
South Africa |
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Date of Incorporation : |
22.01.2008 |
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Com. Reg. No.: |
B2008/012003/23 |
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Legal Form : |
Closed Corporation |
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Line of Business : |
Subject is involved in the supply of quality game skins (Zebra,
Kudu, Springbok, Impala, Blesbok, Hartebeest and Blue Wildebeestand)
upholstery leather (Bovine, Kudu and Oryx) |
|
|
|
|
No. of Employees : |
Not
Available |
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 |
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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 |
AFRICAN LEATHER AND SKINS CC |
|
Country |
SOUTH AFRICA |
|
Subject Contact Person |
IAN OTTO - Managing Member |
|
Assessment |
This is an established business. On investigation contact was made with IAN OTTO, the Managing Member who requested the identity of the principal enquirer be made known as he is paying cash before delivery for goods from India. AFRICAN LEATHER AND SKINS CC has been operating for 5 Years 7 Months. No adverse information was revealed during the investigation. Please see the information obtained below. |
|
Registered Name |
AFRICAN LEATHER AND SKINS CC |
|
Trading as/ Division Name |
None |
|
Previous Name |
None |
|
Date of Name Change |
None |
|
Registration Number |
B2008/012003/23 |
|
Registration Date |
2008/01/22 |
|
Date Commenced Trading |
2008-01 -22 |
|
Age of Business |
5 Years 7 Months |
|
History of Business |
AFRICAN LEATHER AND SKINS CC was
registered in January 2008 and operations commenced immediately. |
|
History of Principals |
There is one active member within the business. |
|
Shareholders/Members/Partners of subject and % holding |
100 % - GERHARDUS VAN DEVENTER |
|
Authorised Share Capital |
R0.00 |
|
Issued Share Capital/Members Contribution |
R0.00 |
|
Status |
In Business |
|
Operations Assessment |
The company is involved in the supply of quality game skins (Zebra, Kudu, Springbok, Impala, Blesbok, Hartebeest and Blue Wildebeestand) upholstery leather (Bovine, Kudu and Oryx) |
|
Industry/ Customers |
Interior designers, Furniture manufacturers and Public |
|
Export |
Unknown |
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Import |
Unknown |
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Major Industry Code / SICC |
31610 |
|
Definition of Code |
Tanning and dressing of leather |
|
Head Office Physical Address |
13 LOUWS AVENUE, PAARL, SOUTH AFRICA |
|
Head Office Postal Address |
P O BOX 30, SWELLENDAM, 6740 |
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Current Tel Number |
0218631936 |
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Cell Number |
0828016172 |
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Current Fax Number |
0218630165 / 0581 |
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Current Email Address |
|
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Web Site Address |
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Company Registered Name |
BOSHOFF VISSER SWEL INC |
|
Trading Name |
None |
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Registration Number |
M2004/033763/21 |
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Physical Address |
29 VELDKORNET STREET, SWELLENDAM, 6740 |
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Postal Address |
P 0 BOX 30, SWELLENDAM, 6740 |
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Contact Person |
Unavailable |
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Contact Number |
0285141102 |
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Email |
|
|
Principals |
2 |
|
Judgements Against Subject |
No Information Found On File |
|
Judgements Against Principals |
No Information Found On File |
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Subject Verified as Client |
Yes |
|
Practice Number |
922250A |
|
VAT Number |
Unavailable |
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Tax Number |
9185910156 |
|
BEE Status |
Unavailable |
|
Financial Year End |
February |
|
No of years in Business |
5 Years 7 Months |
|
Website |
Previous Auditors
|
Company Name |
Phone Number |
Time with previous auditors |
Comment |
|
BOSHOFF VISSER SWELLENDAM INCORPORATED |
|
Unknown |
|
|
Vat Number |
4780208254 |
|
Status |
ACTIVE |
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Vat Liable Date |
2003/11/01 |
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Tax Number |
9015498158 |
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Financial Year End |
February |
Black Economic
Empowerment Information - No Information on Record
ISO Information -
No Information on Record
|
Registered |
Yes |
|
Compliance Certified |
Yes |
|
Comment |
|
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 |
Managing Member |
GERHARDUS VAN DEVENTER |
|
Company Structure (Ownership)
Note: One level up and all
levels down
|
Holding |
Company |
Sub |
Comment |
|
100% - GERHARDUS VAN DEVENTER |
AFRICAN LEATHER AND SKINS CC |
|
|
· Key Deals - No Information on Record
·
Trade References Information - No Information on
Record
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 |
MSUNDUZI |
|
Brach Code |
051001 |
|
Bank Account Number |
061266523 |
|
Type of Account |
CURRENT ACCOUNT |
|
Account Name |
AFRICAN HIDES AND LEATHER CC |
|
Overdraft Facilities |
Undisclosed |
|
Bank Code |
(Awaiting bank code) |
Bank Code History - No Information on Record
Previous Bank Account Information - No Information on Record
Deeds Information - No information on record
|
Number of Principals |
1 |
|
Average Age of Active Principals |
37 |
Active Principals
Principal - 1of 1 GERHARDUS VAN DEVENTER
|
Surname |
VAN DEVENTER |
|
First Name |
GERHARDUS |
|
Other Names |
JOHANNES |
|
Marital Status |
Married |
|
ID Number |
7606265105087 |
|
Verified ID Number |
Yes |
|
Current Age |
37 Years 2 Months |
|
Designation |
Managing Member |
|
Status |
Active |
|
Appointment Date |
2008/01/22 |
|
Physical Address (at time of Appointment) |
62 FOXGLOVE STREET, PAARL, WESTERN CAPE, 7646 |
|
Postal Address |
PO BOX 3593, PAARL, WESTERN CAPE, 7620 |
|
Current Tel Number |
0218721654 |
|
Cell number |
0828015320 |
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Shareholding/Membership |
100% |
Principal's Adverse - No information on record
Business Information
for GERHARDUS VAN DEVENTER
Principal Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
AFRICAN LEATHER AND SKINS CC |
B2008/012003/23 |
In Business |
5 Years 5 Months |
0 |
No |
|
|
CINZACO 138 (PTY) LTD |
M2007/002595/07 |
In Business |
6 Years 6 Months |
0 |
No |
|
|
CRODINIE BOERDERY (PTY) LTD |
M2009/023265/07 |
In Business |
4 Years 4 Months |
0 |
No |
|
|
GROUKOP BELEGGINGS (PTY) LTD |
K2013/119524/07 |
In Business |
0 |
0 |
No |
|
|
INCANDA LEATHER FURNITURE (PTY) LTD |
M2002/023586/07 |
Conversion CO/CC or CC/CO |
11 Years 11 Months |
0 |
No |
|
|
SAFARIFURN (PTY) LTD |
K2011/114492/07 |
In Business |
2 Years 2 Months |
0 |
No |
|
Principal Previous Business Interests
Average Age of Previous Business 9 Years
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
DURHAM BELEGGINGS CC |
B2002/004377/23 |
In Business |
11 Years 11 Months |
0 |
No |
|
|
INCANDA LEATHER FURNITURE CC |
B2000/032949/23 |
In Business |
13 Years 1 Months |
0 |
No |
|
|
STILLHOUSE PROPERTIES 12 (PTY) LTD |
M2008/026747/07 |
In Business |
5 Years 5 Months |
0 |
No |
|
|
THIS IS INFORMATION TECHNOLOGY CC |
B2005/009174/23 |
In Business |
8 Years 8 Months |
0 |
No |
|
Principal's Deeds
Information - No information on record
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.57 |
|
UK Pound |
1 |
Rs.103.34 |
|
Euro |
1 |
Rs.88.16 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.