|
Report Date : |
18.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
LINDE
AND WIEMANN RSA (PTY) LTD |
|
|
|
|
Formerly Known As : |
FOREST DAWN PROPERTIES |
|
|
|
|
Registered Office : |
20 Bennett Street, Neave Toenship, Port Elizabeth, 6014 P O Box 4297, Korsten, 6014 |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
05.12.2007 |
|
|
|
|
Com. Reg. No.: |
M2007/034741/07 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Manufacture of and/or repair of structural metal products and components including doors, windows and doors |
|
|
|
|
No. of Employees |
240 |
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 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
South Africa |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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, unstable electricity supplies retard growth. 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. Eskom, the state-run power company, 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 |
LINDE
AND WIEMANN RSA (PTY)LTD |
|
Country |
South
Africa |
|
Account
Review |
Recommended
Every 6 Months |
|
Subject
Contact Person |
GERRY
BROOKS - Financial Manager |
|
Assessment |
This
is an established business. On investigation contact was made with GERRY
BROOKS the financial manager who declined to assist with the company
breakdown. MR. BROOKS has mentioned he does not feel comfortable disclosing
any information. Please see the available information on the subject below. |
|
Registered
Name |
LINDE
AND WIEMANN RSA (PTY)LTD |
|
Trading
as/ Division Name |
None |
|
Previous
Name |
FOREST
DAWN PROPERTIES |
|
Date
of Name Change |
2013-07-31 |
|
Registration
Number |
M2007/034741/07 |
|
Registration
Date |
2007/12/05 |
|
Date
Commenced Trading |
2007-12-05 |
|
Age
of Business |
6
Years 4 Months |
|
History
of Business |
The
subject commenced trading as a new company in 2007. |
|
History
of Principals |
There
are 3 active principals within the company |
|
Shareholders/Members/Partners
of subject and % holding |
Unavailable |
|
Authorised
Share Capital |
|
|
Issued
Share Capital/Members Contribution |
|
|
Status |
In
Business |
|
Operations
Assessment |
The
subjects main operation is to set frames, front ends, profile rolling, dash
carriers, rocker assemblies, and structural components |
|
Industry/
Customers |
Unavailable |
|
Export |
Unknown |
|
Export
Countries |
|
|
Import |
Unknown |
|
Import
Countries |
|
|
Major
Industry Code / SICC |
35419 |
|
Definition
of Code |
MANUFACTURE
OF AND/OR REPAIR OF STRUCTURAL METAL PRODUCTS AND COMPONENTS INCLUDING DOORS,WINDOWS
AND DOORS |
|
Head
Office Physical Address |
20
BENNETT STREET, NEAVE TOENSHIP, PORT ELIZABETH, 6014 |
|
Head
Office Postal Address |
P
O BOX 4297, KORSTEN, 6014 |
|
Current
Tel Number |
0414086111 |
|
Cell
Number |
Unavailable |
|
Current
Fax Number |
0414086103 |
|
Current
Email Address |
|
|
Web
Site Address |
|
|
Comments |
|
|
Company
Registered Name |
GRANT
THARNTON CAPE INC |
|
Trading
Name |
None |
|
Registration
Number |
2001/017825/21 |
|
Physical
Address |
GRANT
THORTON PORT ELIZABERTH, 125 CAPE ROAD, MOUNT CROIX, PORT ELIZABETH, 6001 |
|
Postal
Address |
P
O BOX 63814, GREENACRES, 6057 |
|
Contact
Person |
KAREN
SIMON |
|
Contact
Number |
0413743222 |
|
Email |
|
|
Principals |
8 |
|
Judgements
Against Subject |
Unavailable |
|
Judgements
Against Principals |
Unavailable |
|
Subject
Verified as Client |
Yes |
|
Practice
Number |
985438E |
|
VAT
Number |
4640210664 |
|
Tax
Number |
9910045146 |
|
BEE
Status |
Unavailable |
|
Financial
Year End |
February |
|
No
of years in Business |
12
Years 8 Months |
|
Website |
|
|
Comment |
|
Previous Auditors Information - No Information on Record
|
Vat
Number |
4070246212 |
|
Status |
ACTIVE |
|
Vat
Liable Date |
2008/03/01 |
|
Tax
Number |
9428151162 |
|
Tax
Clearance Expire Date |
|
|
Financial
Year End |
December |
|
Comment |
|
|
Black
Economic Empowerment |
|
|
Status |
Yes |
|
Score |
8.00 |
|
Expire
Date |
|
|
BEE
Certificate Available |
No |
|
Comment |
|
ISO Information - No Information on Record
Work Mans Information - No Information on Record
Subsidiaries Information - No Information on Record
|
Employees |
|
|
Number
of Employees |
240 |
|
1.
Salaried employees |
240 |
|
2.
Waged employees |
|
|
3.
Permanent employees |
240 |
|
4.
Casual employees |
|
|
5.
Contracted employees |
|
|
Comment |
|
Company Fleet Information - No Information on Record
Offices Information - No Information on Record
Branch Information - No Information on Record
Organisational Ohart - No In formation 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
Judgements - No information on record
BusinessRescue - No Information on Record
Default Listing - No information on record
Notarial Bonds - No information on record
|
Bank |
ABSA |
|
Branch |
UNIVERSAL |
|
Brach
Code |
632005 |
|
Bank
Account Number |
4076328452 |
|
Type
of Account |
CURRENT
ACCOUNT |
|
Account
Name |
LINDE
AND WIEMANN RSA |
|
Overdraft
Facilities |
The
company does not require an overdraft facility as favorable credit balances
are maintatined |
|
Bank
Code |
C
for R100 000 over 30 days |
|
Bank
Comment |
Good
for the amount quoted, if strictly in the way of business. |
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 |
47 |
|
Active Principals Principal - 1 of 3 OLIVER DIEZ |
|
|
Surname |
DIEZ |
|
First
Name |
OLIVER |
|
Other
Names |
|
|
Marital
Status |
|
|
ID
Number |
355137263 |
|
Verified
ID Number |
No |
|
Current
Age |
46
Years |
|
Designation |
DIRECTOR |
|
Status |
Active |
|
Appointment
Date |
2013/04/04 |
|
Physical
Address (at time of Appointment) |
CAM
DE LA GEGANTA, 91, 5A, 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 |
|
|
Cell
number |
|
|
Shareholding/Membership |
0.00 |
Business Information for OLIVER DIEZ
Principal Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
ORE
AND METAL COMPANY LTD |
M1930/002363/06 |
In
Business |
83
Years 11 Months |
0 |
No |
|
|
VIKING COMMUNICATIONS
CC |
B1998/072535/23 |
In
Business |
15
Years 3 Months |
0 |
No |
|
|
LINDE
AND WIEMANN RSA (PTY)LTD |
M2007/034741/07 |
In
Business |
7
Years 7 Months |
0 |
No |
|
Principal Previous Business Interests
|
Company
Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
COATIQUE
(PTY)LTD |
M1999/026316/07 |
Dissolved |
14
Years 2 Months |
0 |
No |
|
|
TENSHARE
CC |
B1998/017879/23 |
Deregistration
Final |
15
Years 3 Months |
0 |
No |
|
Principal - 2 of 3 ULRICH SCHOOF
|
Surname |
SCHOOF |
|
First
Name |
ULRICH |
|
Other
Names |
|
|
Marital
Status |
|
|
ID
Number |
427445865 |
|
Verified
ID Number |
No |
|
Current
Age |
47
Years 11 Months |
|
Designation |
DIRECTOR |
|
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 STRAE 4-12, INDUSTRIE STRAE 4-12, 35683
DILLENBURG, 0000 |
|
Current
Tel Number |
|
|
Cell
number |
|
|
Shareholding/Membership |
0.00 |
Business Information for ULRICH SCHOOF Principal Current
Business Interests
|
Company
Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
ORE
AND METAL COMPANY LTD |
M1930/002363/06 |
In
Business |
83
Years 11 Months |
0 |
No |
|
|
LINDE
AND WIEMANN RSA (PTY)LTD |
M2007/034741/07 |
In
Business |
7
Years 7 Months |
0 |
No |
|
Principal Deeds Information Property
Interests for ULRICH SCHOOF
|
Title
Deed No. |
ST41643/2008 |
Erf/Site
No. |
797,0 |
|
Deeds
Office |
PRETORIA |
Physical
Address |
338
MAIN FERNDALE RANDBURG |
|
Property
Type |
Sectional
Title |
Extent
/ Size |
53.0SQM |
|
Purchase
Date |
2007/07/17 |
Purchase
price |
|
|
%
Ownership |
0.00 |
Bond
Holder |
STANDARD
BANK OF SOUTH AFRICA L |
|
Bond
Number |
SB436112008 |
Bond
Amount |
|
|
Comment |
|
||
Property Interests for ULRICH SCHOOF
|
Title
Deed No. |
T77390/2012 |
Erf/Site
No. |
|
|
Deeds
Office |
PRETORIA |
Physical
Address |
NORTH
RIDING RANDBURG |
|
Property
Type |
Freehold |
Extent
/ Size |
443.0SQM |
|
Purchase
Date |
2012/07/31 |
Purchase
price |
|
|
%
Ownership |
0.00 |
Bond
Holder |
FIRSTRAND
BANK LTD |
|
Bond
Number |
B463402012 |
Bond
Amount |
|
|
Comment |
|
||
Principal - 3 of 3 JOHAN STEYN
|
Surname |
STEYN |
|
First
Name |
JOHAN |
|
Other
Names |
|
|
Marital
Status |
|
|
ID
Number |
6711255118081 |
|
Verified
ID Number |
Yes |
|
Current
Age |
46
Years 5 Months |
|
Designation |
DIRECTOR |
|
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 |
0.00 |
Business Information for JOHAN STEYN
Principal Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
MINERAIS HOLDINGS (PTY)LTD |
M1999/006521/07 |
In
Business |
14
Years 2 Months |
0 |
No |
|
|
ORE
AND METAL COMPANY LTD |
M1930/002363/06 |
In
Business |
83
Years 11 Months |
0 |
No |
|
|
WONDERSTONE
1937 LTD |
M1937/009964/06 |
In
Business |
76
Years 4 Months |
0 |
No |
|
|
WONDERSTONE
LTD |
M1935/006371/06 |
In
Business |
78
Years 6 Months |
0 |
No |
|
|
XERTECH
(PTY)LTD |
M2001/006462/07 |
In
Business |
0 |
0 |
No |
|
|
ZEERUST
CHROME MINES LTD |
M1962/001355/06 |
In
Business |
51
Years 3 Months |
0 |
No |
|
|
AFRICAN
MINING AND TRUST COMPANY LTD |
M1931/003633/06 |
In
Business |
82
Years 10 Months |
0 |
No |
|
|
GROUP
LINE PROJECTS (PTY)LTD |
M1991/000798/07 |
In
Business |
22
Years 10 Months |
0 |
No |
|
|
ICERMAX
(PTY)LTD |
K2012/089070/07 |
In
Business |
1
Years 1 Months |
0 |
No |
|
|
LINDE
AND WIEMANN RSA (PTY)LTD |
M2007/034741/07 |
In
Business |
7
Years 7 Months |
0 |
No |
|
|
SOUTH
AFRICAN AUTOMOTIVE BENCHMARKING CLUB |
K2012/185830/08 |
In
Business |
2
Years 2 Months |
0 |
No |
|
Principal Previous Business Interests
|
Company
Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
RICHGROVE
UNIT 42 INVESTMENTS CC |
B1996/052692/23 |
Deregistration
Final |
17
Years 5 Months |
0 |
No |
|
|
RICHGROVE
UNIT 79 INVESTMENTS CC |
B1996/052654/23 |
Deregistration
Final |
17
Years 5 Months |
0 |
No |
|
|
RUSTENBURG
MINERALS DEVELOPMENT COMPANY (PTY)LTD |
M1968/002462/07 |
In
Business |
45
Years 9 Months |
0 |
No |
|
|
ANDULUCIA
TRADING 151 (PTY)LTD |
M2006/025846/07 |
In
Business |
8
Years 8 Months |
0 |
No |
|
|
DAS
GLOBAL LOGISTICS (PTY)LTD |
M2010/013247/07 |
In
Business |
4
Years 4 Months |
0 |
No |
|
|
DEE
DOUBLE JAY CC |
B1993/004516/23 |
Deregistration
Final |
21
Years 9 Months |
0 |
No |
|
|
DELTA
BLUE TRADING 829 CC |
B2008/057093/23 |
Deregistration
Process |
6
Years 6 Months |
0 |
No |
|
|
PREMIER
FUND INVESTMENTS (PTY)LTD |
K2011/108566/07 |
In
Business |
3
Years 3 Months |
0 |
No |
|
|
PULLMAFLEX
SOUTHERN AFRICA (PTY)LTD |
M1978/004435/07 |
In
Business |
|
0 |
No |
|
Principal Deeds Information Property
Interests for JOHAN STEYN
|
Title
Deed No. |
T38389/2008 |
Erf/Site
No. |
|
|
Deeds
Office |
CAPE
TOWN |
Physical
Address |
LOVEMORE
HEIGHTS PORT ELIZABETH |
|
Property
Type |
Freehold |
Extent
/ Size |
825.0SQM |
|
Purchase
Date |
2008/02/17 |
Purchase
price |
|
|
%
Ownership |
0.00 |
Bond
Holder |
FIRSTRAND
BANK LTD |
|
Bond
Number |
B369542008 |
Bond
Amount |
|
|
Title
Deed No. |
ST37395/2003 |
Erf/Site
No. |
3119,0 |
|
Deeds
Office |
PRETORIA |
Physical
Address |
15
BANTRY BRYANSTON SANDTON |
|
Property
Type |
Sectional
Title |
Extent
/ Size |
97.0SQM |
|
Purchase
Date |
2003/01/13 |
Purchase
price |
|
|
%
Ownership |
0.00 |
Bond
Holder |
NEDBANK
LTD |
|
Bond
Number |
SB247602003 |
Bond
Amount |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.38 |
|
|
1 |
Rs.101.63 |
|
Euro |
1 |
Rs.83.57 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
NIS |
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.