|
Report Date : |
28.08.2014 |
IDENTIFICATION DETAILS
|
Name : |
TEL-SCREW PRODUCTS (PTY) LTD |
|
|
|
|
Registered Office : |
25, |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
11.02.1999 |
|
|
|
|
Com. Reg. No.: |
M1999/002944/07 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
The
subject manufactures special bolts and nuts to customer specification. |
|
|
|
|
No of Employees : |
154 |
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 |
TEL-SCREW
PRODUCTS (PTY)LTD |
|
Country |
South
Africa |
|
Requested
Credit Limit |
R
20000.00 |
|
Enquiry
Terms |
30
Days |
|
Account
Review |
Recommended
every 6 Months |
|
Subject
Contact Person |
CECILIA
SMIT - Financial Manager |
|
Assessment |
This
is an established business. On investigation contact was made with CECILIA
SMIT the financial manager. The subject is meeting commitments timeously with
suppliers. We obtained a bank code C for R 20 000 over a period of 30 days.
Please see the available information on the subject below. |
|
Registered
Name |
TEL-SCREW
PRODUCTS (PTY)LTD |
|
Trading
as/ Division Name |
None |
|
Previous
Name |
None |
|
Date
of Name Change |
None |
|
Registration
Number |
M1999/002944/07 |
|
Registration
Date |
1999/02/11 |
|
Date
Commenced Trading |
1999-02-11 |
|
Age
of Business |
15
Years 6 Months |
|
History
of Business |
The
subject commenced trading as a new company in 1999. |
|
History
of Principals |
There
is 1 active director within the company. |
|
Shareholders/Members/Partners
of subject and % holding |
60
% - BOLT BUSINESS TRUST, 40 % - TRAM TRUST |
|
Authorised
Share Capital |
|
|
Issued
Share Capital/Members Contribution |
|
|
Status |
In
Business |
|
Operations
Assessment |
The
subject manufactures special bolts and nuts to customer specification. |
|
Industry/
Customers |
Major
wholesalers |
|
Export |
None |
|
Export
Countries |
|
|
Import |
None |
|
Import
Countries |
|
|
Major
Industry Code / SICC |
85291 |
|
Definition
of Code |
|
|
Head
Office Physical Address |
25
LORNA ROAD, BOKSBURG NORTH, 1459 |
|
Head
Office Postal Address |
P
O BOX 714, BENONI, 1500 |
|
Current
Tel Number |
0119179710 |
|
Cell
Number |
0866213580 |
|
Current
Fax Number |
0866358676 |
|
Current
Email Address |
|
|
Web
Site Address |
|
|
Comments |
|
|
Company
Registered Name |
NKONKI
EAST GAUTENG INC |
|
Trading
Name |
None |
|
Registration
Number |
M1997/015263/21 |
|
Physical
Address |
DVM
Office Park, 1st Floor, 16 Kingfisher Crescent, MEYERSDAL, Gauteng |
|
Postal
Address |
PO
Box 1363, ALBERTON, 1450 |
|
Contact
Person |
SUNETTE
PRINSLOO |
|
Contact
Number |
0118671400 |
|
Email |
|
|
Principals |
3 |
|
Judgements
Against Subject |
None
On Record |
|
Judgements
Against Principals |
None
On Record |
|
Subject
Verified as Client |
Yes |
|
Practice
Number |
952893 |
|
VAT
Number |
4040180434 |
|
Tax
Number |
9199014839 |
|
BEE
Status |
Unavaialble |
|
Financial
Year End |
December |
|
No
of years in Business |
14
Years 9 Months |
|
Website |
|
|
Comment |
|
Previous
Auditors Information - No Information on Record
|
Vat
Number |
4420105019 |
|
Status |
ACTIVE |
|
Vat
Liable Date |
1991/09/30 |
|
Tax
Number |
9710002818 |
|
Tax
Clearance Expire Date |
|
|
Financial
Year End |
December |
|
Comment |
|
|
Black
Economic Empowerment |
|
|
Status |
Yes |
|
Score |
6.00 |
|
Expire
Date |
Aug
11 2015 |
|
BEE
Certificate Available |
No |
|
Comment |
|
|
|
|
|
ISO
Information - No Information on Record |
|
|
Workman's
compensation |
|
|
Registered |
Yes |
|
Compliance
Certified |
Yes |
|
Comment |
|
Company
Structure
Subsidiaries
Information - No Information on Record
Employees
|
Number
of Employees |
154 |
|||
|
1.
Salaried employees |
154 |
|||
|
2.
Waged employees |
|
|||
|
3.
Permanent employees |
154 |
|||
|
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 |
12 |
|||
|
Comment |
|
|||
|
Cars |
1 |
Owned |
|
|
|
Light
delivery Vehicles |
4 |
Owned |
|
|
|
Trucks |
4 |
Owned |
|
|
|
Fork
Lifts |
3 |
Owned |
|
|
Offices
|
Offices |
Offices |
|
Head
Office Owned/ Rented |
Leased |
|
Rental
Company |
CHARSAINVESTMENT |
|
Owned
by |
N/A |
|
Value |
|
|
Bond |
|
|
Bank |
N/A |
|
Lease
Agreement |
Unavailable |
|
Lease
Expire Date |
Unavailable |
|
Type
of Premises |
Factory
with office blocks |
|
Comment |
|
Branch
Information - No Information on Record
Management
Overview
Organization Chat
|
Level |
Position |
Name |
|
1 |
Director |
Ronald Frank Taleng |
|
1 |
Financial Manager |
Cecilia Smit |
Company structure
(ownership)
Note: one level up
and all levels down
|
Holding |
Company |
Sub |
|
60 % - BOLT BUSINESS TRUST |
TEL-SCREW
PRODUCTS (PTY)LTD |
NONE |
|
40 % - TRAM TRUST |
TEL-SCREW PRODUCTS
(PTY)LTD |
NONE |
Key Deals – No
Information on Record
|
Trade Reference
Nr |
Supplier |
Contact |
Surety Value |
Notarial
Bonds |
|
|
1 |
A AND G FASTNERS |
0114938690 |
|
|
|
|
2 |
INDUSTRIAL
SUPPLIERS |
0114251890 |
|
|
|
|
3 |
PCD SUPPLIERS |
0118613071 |
|
|
|
Trade References
Details
|
Nr |
Age
of Acc |
Max
Credit |
Terms |
Average
Purchases |
Terms
Taken |
Comment |
|
1 |
5 Years |
|
30
Days |
|
30 Days |
Good account. The supplier does not
disclose any figures |
|
2 |
2 Months |
|
30
Days |
R 2000 |
30 Days |
The supplier is a new account. The
subject could not rate them at present |
|
3 |
10 Years |
R 5000 |
30
Days |
R 5000 |
30 Days |
Good account. The credit limit was
not provided |
Judgments
- 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 |
BOKSBURG |
|
Brach
Code |
051001 |
|
Bank
Account Number |
220948372 |
|
Type
of Account |
CURRENT |
|
Account
Name |
TEL-SCREW
PRODUCTS (PTY)LTD |
|
Overdraft
Facilities |
YES |
|
Bank
Code |
C
- FOR R 20 000 |
|
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
FINANCIAL ESTIMATES
|
CURRENT ASSETS |
|
|
Stock |
|
|
Debtors |
|
|
FIXED
ASSETS |
|
|
Plant,
Equipment, Vehicles |
|
|
Property |
|
|
CURRENT
LIABILITIES |
|
|
Creditors |
|
|
Loans/
From? |
|
|
Loan
Details |
|
|
LONG
TERM LIABILITIES |
|
|
Morgage
Bonds |
|
|
Previous
Year Turnover |
R
63000000.00 |
|
Estimated
Current Year Turnover |
|
|
Current
Turnover per month |
|
|
Current
Turnover per annum |
|
|
Comment |
|
|
Please note the following: |
|
|
Turnover and
assets less than R 1,000,000.00 |
The subject falls within the National
Credit Act |
|
Turnover and
assets less than R 2,000,000.00 |
The subject falls within the Consumer
Protection Act |
|
Number
of Principals |
1 |
|
Average
Age of Active Principals |
59 |
|
Active Principals Principal - 1 of
1 RONALD TELENG |
|
|
Surname |
TELENG |
|
First
Name |
RONALD |
|
Other
Names |
FRANK |
|
Marital
Status |
|
|
ID
Number |
5506025109084 |
|
Verified
ID Number |
Yes |
|
Current
Age |
59
Years 2 Months |
|
Designation |
Director |
|
Status |
Active |
|
Appointment
Date |
1999/02/11 |
|
Physical
Address (at time of Appointment) |
5
JAY ROAD, AIRLEADS, BENONI, 1501 |
|
Postal
Address |
5
JAY ROAD, FAIRLEADS, BENONI, 1501 |
|
Current
Tel Number |
0118921338 |
|
Cell
number |
0733882046 |
|
Shareholding/Membership |
0.00 |
Principal's
Adverse - No information on record
Business
Information for RONALD TELENG
Principal
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgments |
Liquidation |
|
AFRICAN OVERHEAD LINE HARDWARE FITTINGS (PTY)LTD |
M2011/007830/07 |
In
Business |
3
Years 3 Months |
0 |
No |
|
CHARSAR
INVESTMENTS CC |
B2009/038238/23 |
In
Business |
5
Years 5 Months |
0 |
No |
|
CLIPS AND CURLS
CC |
B2009/031987/23 |
In
Business |
5
Years 5 Months |
0 |
No |
|
ELSKAMART
(PTY)LTD |
K2013/170797/07 |
In
Business |
1
Years 1 Months |
0 |
No |
|
ERVEN
2 3 AND 4 MUSWELLDALE TOWNSHIP CC |
B2009/035864/23 |
In
Business |
5
Years 5 Months |
0 |
No |
|
FAIRLEADS
PLOT WATCH |
K2014/017708/08 |
In
Business |
0 |
0 |
No |
|
GRENORICK ENGINEERING (PTY)LTD |
1972/002158/07 |
Conversion
CO/CC or CC/CO |
42
Years 6 Months |
0 |
No |
|
GRENORICK
ENGINEERING CC |
B2009/039512/23 |
Deregistration
Process |
5
Years 5 Months |
0 |
No |
|
INNER
LITE CC |
B2011/065393/23 |
In
Business |
3
Years 3 Months |
0 |
No |
|
MIDVAAL THREADING (PTY)LTD |
M2008/006203/07 |
In
Business |
6
Years 6 Months |
0 |
No |
|
RIVERSIDE
PARK TRADING 27 (PTY)LTD |
M2006/016426/07 |
In
Business |
8
Years 8 Months |
0 |
No |
|
RR7
INVESTMENTS (PTY)LTD |
M1998/015647/07 |
Deregistration
Process |
16
Years 4 Months |
0 |
No |
|
STAR FOCUS 105 CC |
B2009/031989/23 |
In
Business |
5
Years 5 Months |
0 |
No |
|
TEL-SCREW PRODUCTS (PTY)LTD |
M1999/002944/07 |
In
Business |
15
Years 3 Months |
0 |
No |
|
TELVIL ENGINEERING
CC |
B2009/031991/23 |
In
Business |
5
Years 5 Months |
0 |
No |
Principal's
Previous Business Interests - No information on record
Principal's
Deeds Information - No information on record
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.47 |
|
|
1 |
Rs.100.15 |
|
Euro |
1 |
Rs.79.65 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
TPT |
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.