|
Report Date : |
23.08.2014 |
IDENTIFICATION DETAILS
|
Name : |
USSHER INVENTIONS (PTY) LTD |
|
|
|
|
Registered Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
24.04.1929 |
|
|
|
|
Com. Reg. No.: |
M1929/001457/07 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Manufacture
of Building Hardware, Cuttlery, Hand tools and General Hardware |
|
|
|
|
No. of Employees : |
2 |
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 |
|
|
|
|
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 – June 01, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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 16th largest in the world. Even though the
country's modern infrastructure supports 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,
albeit slowly with 2014 growth projected at about 2%. Unemployment, poverty,
and inequality - among the highest in the world - remain a challenge. Official
unemployment is at nearly 25% of the work force, and runs significantly higher
among black youth. Eskom, the state-run power company, has built two new power
stations and installed new power demand management programs to improve power
grid reliability. Construction delays at two additional plants, however, mean
South Africa is operating on a razor thin margin; economists judge that growth
cannot exceed 3% until those plants come on line. 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 |
USSHER
INVENTIONS (PTY) LTD |
|
Country |
South
Africa |
|
Subject
Contact Person |
STEVEN
LINDSAY WALTERS WALLIS - Financial Director |
|
Assessment |
This
is a well-established business. On investigation contact was made with STEVEN
WALLIS the financial director. The subject is meeting commitments timeously with
suppliers. Please see available information on the subject below. |
|
Registered
Name |
USSHER
INVENTIONS (PTY)LTD |
|
Trading
as/ Division Name |
LASHER
TOOLS |
|
Previous
Name |
NONE |
|
Date
of Name Change |
NONE |
|
Registration
Number |
M1929/001457/07 |
|
Registration
Date |
1929/04/24 |
|
Date
Commenced Trading |
1929-04-24 |
|
Age
of Business |
85
Years 4 Months |
|
History
of Business |
The
subject commenced trading as a new company in 1929. |
|
History
of Principals |
There
are 5 active directors within the company. |
|
Shareholders/Members/Partners
of subject and % holding |
100
% - HATTHED AND COMPANY |
|
Authorised
Share Capital |
-- |
|
Issued
Share Capital/Members Contribution |
-- |
|
Status |
In
Business |
|
Operations
Assessment |
The
subject manufacture building hardware, cuttlery, handtools and general
hardware |
|
Industry/
Customers |
The
hardware wholesalers |
|
Export |
None |
|
Export
Countries |
- |
|
Import |
None |
|
Import
Countries |
- |
|
Major
Industry Code / SICC |
61430 |
|
Definition
of Code |
Wholesale
trade in construction materials, hardware, plumbing, heating |
|
Head
Office Physical Address |
3
SIGMA ROAD, INDUSTRIES WEST, GERMISTON, 1401 |
|
Head
Office Postal Address |
P
O BOX 254, GERMISTON, 1400 |
|
Current
Tel Number |
0118251100 |
|
Cell
Number |
Unavailable |
|
Current
Fax Number |
0118735636 |
|
Current
Email Address |
|
|
Web
Site Address |
|
|
Comments |
-- |
|
Company
Registered Name |
PRICEWATERHOUSECOOPERS
INC |
|
Trading
Name |
PWC |
|
Registration
Number |
M1998/012055/21 |
|
Physical
Address |
2
Eglin Road, SUNNINGHILL, 2196 |
|
Postal
Address |
Private
Bag X36, SUNNINGHILL, 2157 |
|
Contact
Person |
PETER-LYNN
POPE |
|
Contact
Number |
0117974000 |
|
Email |
Unavailable |
|
Principals |
-- |
|
Judgements
Against Subject |
Unavailable |
|
Judgements
Against Principals |
Unavailable |
|
Subject
Verified as Client |
-- |
|
Practice
Number |
Unavailable |
|
VAT
Number |
4950174682 |
|
Tax
Number |
9343032844 |
|
BEE
Status |
Unavailable |
|
Financial
Year End |
June |
|
No
of years in Business |
16
Years 2 Months |
|
Website |
Unavailable |
|
Comment |
-- |
|
Vat
Number |
4330103005 |
|
Status |
ACTIVE |
|
Vat
Liable Date |
|
|
Tax
Number |
9750117716 |
|
Tax
Clearance Expire Date |
|
|
Financial
Year End |
June |
|
Comment |
|
|
Status |
Yes |
|
Score |
6.00 |
|
Expire
Date |
Mar
162015 |
|
BEE
Certificate Available |
No |
|
Comment |
|
No Information on Record
|
Registered |
Yes |
|
Compliance
Certified |
Yes |
|
Comment |
-- |
|
Subsidiaries |
||||
|
Subsidiary
Company |
GOLDREEF
TOOLS (PTY) LTD |
|||
|
Shareholding |
100% |
|||
|
Registration
Number |
1975/000392/07 |
|||
|
Import
/ Export |
NONE |
|||
|
Comment |
- |
|||
|
Employees |
||||
|
Number
of Employees |
2 |
|||
|
1.
Salaried employees |
2 |
|||
|
2.
Waged employees |
- |
|||
|
3.
Permanent employees |
2 |
|||
|
4.
Casual employees |
- |
|||
|
5.
Contracted employees |
- |
|||
|
Comment |
- |
|||
|
Company
Fleet |
||||
|
Company
Fleet |
No
of vehicles: |
Ownerd/Leased |
Value |
Outstanding
Balance |
|
Fleet
Operations |
|
|
|
|
|
The
Fleet is made up of |
70 |
|||
|
Comment |
|
|||
|
Cars |
40 |
Owned |
|
|
|
Light
delivery Vehicles |
20 |
Owned |
|
|
|
Trucks |
10 |
Owned |
|
|
|
Offices |
Offices |
|
|
Head
Office Owned/ Rented |
Leased |
|
|
Rental
Company |
PALIS |
|
|
Owned
by |
N/A |
|
|
Lease
Agreement |
N/A |
|
|
Lease
Expire Date |
N/A |
|
|
Type
of Premises |
Warehouse
with officeblocks |
|
|
Comment |
|
|
|
Branch
Information |
||
|
Branches Names |
Country |
Province |
|
|
|
|
|
Branch
Detail Information |
||
|
Branches
Owned/ Rented |
-- |
|
|
Comment |
The
subject only have factories in wadeville and ladysmith |
|
Organization Chart
|
Level |
Position |
Name |
Comment |
|
1 |
Financial Director |
Steven Lindsay Wallis |
-- |
Company Structure (Ownership)
Note: One Level up and all levels down
|
Holding
|
Company
|
Sub
|
Comment |
|
100% Hatted and Company |
Ussher Inventions (Pty) Ltd |
None |
-- |
No Information on Record
|
Trade Reference nr |
Supplier |
Contact |
Surety
Value |
Notarial Bonds |
Comment |
|
1 |
BARNES TUBING |
0119237340 |
-- |
-- |
-- |
|
2 |
SASOL GAS |
0118829124 |
-- |
-- |
-- |
|
3 |
TRIDENT STEEL |
0118617111 |
-- |
-- |
-- |
Trade References Detail
|
Nr |
Age
of Acc |
Credit Limit |
Max Credit |
Terms |
Average
Purchases |
Terms
Taken |
Comment |
|
1 |
7 Years |
R1300000.00 |
R1300000 |
30
Days |
R1000000 |
30 Days |
Good account |
|
2 |
7 Years |
|
|
30
Days |
|
30 Days |
Good account. The supplier did not disclose any
figures. |
|
3 |
5 Years |
R
500000.00 |
R 500000 |
30
Days |
R 40000 |
30 Days |
Good account. |
Judgements - No information on record
Business Rescue - No information on record
Default
Listing - No information on record
Notarial Bonds – No information on record
|
Bank |
STANDARD
BANK |
|
Branch |
GERMISTON |
|
Brach
Code |
051001 |
|
Bank
Account Number |
020575076 |
|
Type
of Account |
CURRENT |
|
Account
Name |
USSHER
INVENTIONS (PTY)LTD |
|
Overdraft
Facilities |
YES |
|
Bank
Code |
C
- For R 1 000 000 |
|
Bank
Comment |
The
subject's bankers consider them good for all normal business engagements. |
Bank Code History - No Information on Record
Previous Bank Account Information - No Information on Record
Deeds Information - No information on record
|
Number
of Principals |
5 |
|
Average
Age of Active Principals |
52 |
Active Principals
Principal - 1 of 5
STEVEN WALLIS
|
Surname |
WALLIS |
|
First
Name |
STEVEN |
|
Other
Names |
LINDSAY
WALTERS |
|
Marital
Status |
|
|
ID
Number |
5902205809082 |
|
Verified
ID Number |
Yes |
|
Current
Age |
55
Years 6 Months |
|
Designation |
DIRECTOR |
|
Status |
Active |
|
Appointment
Date |
2011/04/01 |
|
Physical
Address (at time of Appointment) |
30
KEI ROAD, ARRARMERE, BENONI, 1501 |
|
Postal
Address |
PO
BOX 254, GERMISTON, GERMISTON, 1400 |
|
Current
Tel Number |
0118251100 |
|
Cell
number |
0832860240 |
|
Shareholding/Membership |
0.00 |
Principal’s Adverse – No information on
Business information for Steven Wallis
Principal Current Business interests
|
Company Name |
Registration No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
GOLD
REEF TOOLS (PTY)LTD |
M1975/000392/07 |
In Business |
39 Years 3 Months |
0 |
No |
|
|
HALSTED
AND CO (PTY)LTD |
M1952/001225/07 |
In Business |
62 Years 2 Months |
0 |
No |
|
|
RAYRO INDUSTRIAL SALES
(PTY)LTD |
M1967/004190/07 |
In Business |
47
Years 11 Months |
0 |
No |
|
|
USSHER INVENTIONS (PTY)LTD |
M1929/001457/07 |
In Business |
85 Years 1 Months |
0 |
No |
|
Principal Deeds Information
Property Interests for Steven Wallis
|
Title
Deed No. |
T83660/2003 |
Erf/Site
No. |
5866 |
|
Deeds
Office |
JOHANNESBURG |
Physical
Address |
30
KEI FARRARMERE BENONI |
|
Property
Type |
E |
Extent
/ Size |
-- |
|
Purchase
Date |
2003/10/07 |
Purchase
price |
R
830000.00 |
|
%
Ownership |
0.00 |
Bond
Holder |
A
B S A BANK LTD |
|
Bond
Number |
B598252003 |
Bond
Amount |
R
550000.00 |
|
Comment |
-- |
||
Principal 2 of 5
IAN
KENDAL
|
Surname |
KENDAL |
|
First
Name |
IAN |
|
Other
Names |
ALAN |
|
Marital
Status |
|
|
ID
Number |
6803210000000 |
|
Verified
ID Number |
No |
|
Current
Age |
46
Years 5 Months |
|
Designation |
DIRECTOR |
|
Status |
Active |
|
Appointment
Date |
2006/03/01 |
|
Physical
Address (at time of Appointment) |
27
DONGES STREET, KROONSTAD, 9500 |
|
Postal
Address |
POSBUS
455, KROONSTAD, 9500 |
|
Current
Tel Number |
0118251100 |
|
Cell
number |
0836523655 |
|
Shareholding/Membership |
0.00 |
Principal’s Adverse – No information on
Business information for IAN KENDAL
Principal Current Business interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
JPW METAL AND CIVIL PROJECTS CC |
B2004/095190/23 |
Deregistration Final |
10 Years
10 Months |
0 |
No |
|
|
MORTAR PROPERTIES (PTY)LTD |
M1952/002666/07 |
Deregistration Process |
62 Years 2
Months |
0 |
No |
|
|
USSHER INVENTIONS (PTY)LTD |
M1929/001457/07 |
In
Business |
85 Years 1
Months |
0 |
No |
|
Principal
3 of 5
ANTONIO
ALNO
|
Surname |
ALNO |
|
First
Name |
ANTONIO |
|
Other
Names |
MANUEL
PORTO |
|
Marital
Status |
|
|
ID
Number |
5011065029086 |
|
Verified
ID Number |
Yes |
|
Current
Age |
63
Years 9 Months |
|
Designation |
DIRECTOR |
|
Status |
Active |
|
Appointment
Date |
2003/01/02 |
|
Physical
Address (at time of Appointment) |
4
GREYTEN CRESCENT, SUNWOOD PARK, BOKSBURG, 1459 |
|
Postal
Address |
P
O BX 254, GERMISTON, 1400 |
|
Current
Tel Number |
0118251100 |
|
Cell
number |
0835161949 |
|
Shareholding/Membership |
0.00 |
Principal’s Adverse – No information on records
Business information for ANTONIO ALNO
Principal Current Business interests
|
Company
Name |
Registration No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
DARWO TRADING NO 116 (PTY)LTD |
M2007/010664/07 |
In
Business |
7 Years 7
Months |
0 |
No |
|
|
FIRST EMERGENCY ASSISTANCE |
M1996/014047/08 |
Deregistration
Process |
18 Years 6
Months |
0 |
No |
|
|
GOLD REEF
TOOLS (PTY)LTD |
M1975/000392/07 |
In
Business |
39 Years 3
Months |
0 |
No |
|
|
HALSTED AND CO (PTY)LTD |
M1952/001225/07 |
In
Business |
62 Years 2
Months |
0 |
No |
|
|
HALSTED AND HALSTED INVESTMENTS
(PTY)LTD |
M2006/029540/07 |
In
Business |
8 Years 8
Months |
0 |
No |
|
|
HALSTED INVESTMENTS (PTY)LTD |
M1954/001300/07 |
In
Business |
0 |
0 |
No |
|
|
HALSTEDS AVIATION CORPORATION (PTY)LTD |
M2006/029884/07 |
In
Business |
8 Years 8
Months |
0 |
No |
|
|
KWALI INVESTMENTS
(PTY)LTD |
M1987/005821/07 |
In
Business |
27 Years 3
Months |
0 |
No |
|
|
LASHER PROPERTY (LADYSMITH) (PTY)LTD |
M1971/004071/07 |
In
Business |
43 Years 7
Months |
0 |
No |
|
|
LASHER TOOLS LTD |
M1948/029786/06 |
In
Business |
66 Years 6
Months |
0 |
No |
|
|
P HALSTED AND SON (PTY)LTD |
M2006/034502/07 |
In
Business |
8 Years 8
Months |
2 |
No |
|
|
RAYRO INDUSTRIAL
SALES (PTY)LTD |
M1967/004190/07 |
In
Business |
47 Years
11 Months |
0 |
No |
|
|
SOLID ENGINEERING (PTY)LTD |
M1964/004955/07 |
In
Business |
50 Years 2
Months |
0 |
No |
|
|
SPRINGBOK
TOOLS (PTY)LTD |
M1951/000616/07 |
In
Business |
63 Years 3
Months |
0 |
No |
|
|
TOLOS INVESTMENTS
LTD |
M1994/000521/10 |
In
Business |
20 Years 8
Months |
0 |
No |
|
|
TWENTY TWO
AMESHOFF STREET (PTY)LTD |
M1946/021374/07 |
In
Business |
68 Years 8
Months |
0 |
No |
|
|
USSHER INVENTIONS (PTY)LTD |
M1929/001457/07 |
In
Business |
85 Years 1
Months |
0 |
No |
|
|
VECTO
TRADE 461 (PTY)LTD |
M2007/005060/07 |
Deregistration
Process |
7 Years 7
Months |
0 |
No |
|
|
WHEELBARROW
SALES (PTY)LTD |
M1984/006096/07 |
In
Business |
30 Years 6
Months |
0 |
No |
|
Principal Previous Business Interests
Average age of Previous Business
|
Company Name |
Registration No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
MORTAR PROPERTIES
(PTY)LTD |
M1952/002666/07 |
Deregistration
Process |
62 Years 2 Months |
0 |
No |
|
Principal 4 of 5
CHARLES HALSTEAD
|
Surname |
HALSTEAD |
|
First Name |
CHARLES |
|
Other
Names |
WILLIAM |
|
Marital
Status |
|
|
ID Number |
6503215736080 |
|
Verified
ID Number |
Yes |
|
Current
Age |
49 Years 5
Months |
|
Designation |
DIRECTOR |
|
Status |
Active |
|
Appointment
Date |
2002/07/01 |
|
Physical
Address (at time of Appointment) |
190 WEST
ROAD, MORNINGSIDE, 1428 |
|
Postal
Address |
P O BOX
14013, WADEVILLE, 1422 |
|
Current
Tel Number |
0118251100 |
|
Cell
number |
0832903130 |
|
Shareholding/Membership |
0.00 |
Principal’s Adverse – No information on records
Business information for CHARLES HALSTEAD
Principal Current Business interests
|
Company
Name |
Registration No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
GOLD
REEF TOOLS (PTY)LTD |
M1975/000392/07 |
In Business |
39
Years 3 Months |
0 |
No |
|
|
HALSTED AND CO
(PTY)LTD |
M1952/001225/07 |
In Business |
62
Years 2 Months |
0 |
No |
|
|
HALSTED AND
HALSTED INVESTMENTS (PTY)LTD |
M2006/029540/07 |
In Business |
8
Years 8 Months |
0 |
No |
|
|
HALSTED INVESTMENTS (PTY)LTD |
M1954/001300/07 |
In Business |
0 |
0 |
No |
|
|
KWALI INVESTMENTS
(PTY)LTD |
M1987/005821/07 |
In Business |
27
Years 3 Months |
0 |
No |
|
|
LASHER PROPERTY (LADYSMITH) (PTY)LTD |
M1971/004071/07 |
In Business |
43
Years 7 Months |
0 |
No |
|
|
LASHER TOOLS LTD |
M1948/029786/06 |
In Business |
66
Years 6 Months |
0 |
No |
|
|
P HALSTED AND SON
(PTY)LTD |
M2006/034502/07 |
In Business |
8
Years 8 Months |
2 |
No |
|
|
SOLID ENGINEERING
(PTY)LTD |
M1964/004955/07 |
In Business |
50
Years 2 Months |
0 |
No |
|
|
SPRINGBOK
TOOLS (PTY)LTD |
M1951/000616/07 |
In Business |
63
Years 3 Months |
0 |
No |
|
|
TWENTY
TWO AMESHOFF STREET (PTY)LTD |
M1946/021374/07 |
In Business |
68
Years 8 Months |
0 |
No |
|
|
USSHER INVENTIONS (PTY)LTD |
M1929/001457/07 |
In Business |
85
Years 1 Months |
0 |
No |
|
|
WHEELBARROW
SALES (PTY)LTD |
M1984/006096/07 |
In Business |
30
Years 6 Months |
0 |
No |
|
Principal Previous Business interests
Average age of Previous Business
|
Company Name |
Registration No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
HALSTEDS AVIATION CORPORATION (PTY)LTD |
M2006/029884/07 |
In Business |
8
Years 8 Months |
0 |
No |
|
|
MORTAR
PROPERTIES (PTY)LTD |
M1952/002666/07 |
Deregistration
Process |
62
Years 2 Months |
0 |
No |
|
|
RAYRO
INDUSTRIAL SALES (PTY)LTD |
M1967/004190/07 |
In
Business |
47 Years 11
Months |
0 |
No |
|
Principal Deeds Information
Property Interests for Charles Halsted
|
Title
Deed No. |
T38150/1994 |
Erf/Site
No. |
163 |
|
Deeds
Office |
PIETERMARITZBURG |
Physical
Address |
7
COVE LADYSMITH |
|
Property
Type |
F |
Extent
/ Size |
2539.00000000 |
|
Purchase
Date |
1994/08/21 |
Purchase
price |
R
340.00 |
|
%
Ownership |
0.00 |
Bond
Holder |
-- |
|
Bond
Number |
-- |
Bond
Amount |
R
0.00 |
|
Comment |
-- |
||
Principal
- 5 of 5
PETER
HAMILTON
|
Surname |
HAMILTON |
|
First
Name |
PETER |
|
Other
Names |
CAROL |
|
Marital
Status |
|
|
ID
Number |
6404015134081 |
|
Verified
ID Number |
Yes |
|
Current
Age |
50
Years 4 Months |
|
Designation |
DIRECTOR |
|
Status |
Active |
|
Appointment
Date |
1999/07/01 |
|
Physical
Address (at time of Appointment) |
NO
1 MEGAN STREET, ALPHINE, BENONI, 1501 |
|
Postal
Address |
P
O BOX 1096, KRUGERSDORP, 1740 |
|
Current
Tel Number |
0118251100 |
|
Cell
number |
0834563751 |
|
Shareholding/Membership |
0.00 |
Principal’s Adverse – No information on records
Business information for PETER HAMILTON
Principal Current Business interests
|
Company
Name |
Registration No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
COBRA
BRANDS (PTY)LTD |
M1991/001442/07 |
In
Business |
23
Years 11 Months |
0 |
No |
|
|
COBRA WATERTECH (PTY)LTD |
M2003/027475/07 |
In
Business |
11
Years 11 Months |
0 |
No |
|
|
DAWN WATERTECH
(PTY)LTD |
M1964/003682/07 |
In
Business |
50
Years 2 Months |
0 |
No |
|
|
FIRST EMERGENCY
ASSISTANCE |
M1996/014047/08 |
Deregistration
Process |
18
Years 6 Months |
0 |
No |
|
|
HALSTED INVESTMENTS (PTY)LTD |
M1954/001300/07 |
In
Business |
0 |
0 |
No |
|
|
HAMSTIR HOUSE CC |
B2000/041620/23 |
Deregistration
Final |
14
Years 2 Months |
0 |
No |
|
|
KWALI INVESTMENTS
(PTY)LTD |
M1987/005821/07 |
In
Business |
27
Years 3 Months |
0 |
No |
|
|
LASHER PROPERTY (LADYSMITH) (PTY)LTD |
M1971/004071/07 |
In
Business |
43
Years 7 Months |
0 |
No |
|
|
LASHER TOOLS LTD |
M1948/029786/06 |
In
Business |
66
Years 6 Months |
0 |
No |
|
|
MACCORKINDALE INVESTMENTS (PTY)LTD |
M2003/011484/07 |
In
Business |
11
Years 11 Months |
0 |
No |
|
|
SOLID ENGINEERING
(PTY)LTD |
M1964/004955/07 |
In
Business |
50
Years 2 Months |
0 |
No |
|
|
SPRINGBOK
TOOLS (PTY)LTD |
M1951/000616/07 |
In
Business |
63
Years 3 Months |
0 |
No |
|
|
TWENTY
TWO AMESHOFF STREET (PTY)LTD |
M1946/021374/07 |
In
Business |
68
Years 8 Months |
0 |
No |
|
|
USSHER INVENTIONS (PTY)LTD |
M1929/001457/07 |
In
Business |
85
Years 1 Months |
0 |
No |
|
|
WHEELBARROW
SALES (PTY)LTD |
M1984/006096/07 |
In
Business |
30
Years 6 Months |
0 |
No |
|
Principal Previous business interests
Average Age of Previous Business 57 Years
|
Company Name |
Registration No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
HALSTED AND CO
(PTY)LTD |
M1952/001225/07 |
In
Business |
62
Years 2 Months |
0 |
No |
|
|
MORTAR
PROPERTIES (PTY)LTD |
M1952/002666/07 |
Deregistration
Process |
62
Years 2 Months |
0 |
No |
|
|
RAYRO INDUSTRIAL
SALES (PTY)LTD |
M1967/004190/07 |
In
Business |
47 Years 11
Months |
0 |
No |
|
Principal Deeds Information
|
Property Interests for PETER
HAMILTON |
|||
|
Title
Deed No. |
T17880/2009 |
Erf/Site
No. |
6643 |
|
Deeds
Office |
JOHANNESBURG |
Physical
Address |
1
MEGAN ALPHEN PARK BENONI |
|
Property
Type |
E |
Extent
/ Size |
|
|
Purchase
Date |
2009/05/06 |
Purchase
price |
R2100000.00 |
|
%
Ownership |
0.00 |
Bond
Holder |
|
|
Bond
Number |
|
Bond
Amount |
R
0.00 |
|
Comment |
|
||
|
Property Interests for PETER
HAMILTON |
|||
|
Title
Deed No. |
T35622/2008 |
Erf/Site
No. |
458 |
|
Deeds
Office |
JOHANNESBURG |
Physical
Address |
7
BERTRAM RYNFIELD BENONI |
|
Property
Type |
E |
Extent
/ Size |
|
|
Purchase
Date |
2008/06/01 |
Purchase
price |
R1017500.00 |
|
%
Ownership |
0.00 |
Bond
Holder |
|
|
Bond
Number |
|
Bond
Amount |
R
0.00 |
|
Comment |
|
||
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.44 |
|
|
1 |
Rs.100.24 |
|
Euro |
1 |
Rs.80.35 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NIT |
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.