|
Report Date : |
15.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
BRAKEFORCE
(PTY) LTD |
|
|
|
|
Registered Office : |
157
Rietfontein Road, Primrose, Germiston, 1401 P O Box 17174, Randhart, 1457 |
|
|
|
|
Country : |
South
Africa |
|
|
|
|
Date of Incorporation : |
17.09.2009 |
|
|
|
|
Com. Reg. No.: |
2009/013840/07 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Manufacturer,
Panel beater and trade of motor vehicles. |
|
|
|
|
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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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. 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 |
BRAKEFORCE
(PTY)LTD |
|
Country |
South
Africa |
|
Enquiry
Terms |
COD |
|
Account
Review |
Recommended
Every 3 Months |
|
Subject
Contact Person |
LILY
KRUGER - Financial Manager |
|
Assessment |
This is an
established business. On investigation contact was made with LILY KRUGER, the
financial manager who declined to assist with the required information as she
requested the name of the principal enquirer before she may divulge any
information on the company. Please see the available information obtained
below. |
|
Registered
Name |
BRAKEFORCE
(PTY)LTD |
|
Trading
as/ Division Name |
None |
|
Previous
Name |
None |
|
Date of
Name Change |
None |
|
Registration
Number |
2009/013840/07 |
|
Registration
Date |
2009/07/17 |
|
Date
Commenced Trading |
2009-07-17 |
|
Age of
Business |
4 Years
7 Months |
|
History
of Business |
The
subject commenced trading as a new company in 2009. |
|
History
of Principals |
There is
1 active principal 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 subject
operates as a manufacturer, panelbeater and trade of motor vehicles. |
|
Industry/
Customers |
The
automotive industry. |
|
Export |
Unknown |
|
Export
Countries |
|
|
Import |
Unknown |
|
Import
Countries |
|
|
Major
Industry Code / SICC |
63201 |
|
Definition
of Code |
Maintenance
and repair of motor vehicles: General repairs |
|
Head
Office Physical Address |
157
RIETFONTEIN ROAD, PRIMROSE, Germiston, 1401 |
|
Head
Office Postal Address |
P O BOX
17174, RANDHART, 1457 |
|
Current
Tel Number |
0118229680 |
|
Cell
Number |
Unavailable |
|
Current
Fax Number |
0118224189 |
|
Current
Email Address |
|
|
Web Site
Address |
Under
Construction |
|
Comments |
|
|
Company
Registered Name |
LSG
INTEGRATED |
|
Trading
Name |
None |
|
Registration
Number |
2003/074229/23 |
|
Physical
Address |
6 KIKUYU
ROAD, SUNNINGHILL, 2157 |
|
Postal
Address |
P O BOX
457, RIVONIA, 2128 |
|
Contact
Person |
S.P.
SWANEPOEL |
|
Contact
Number |
0112537400 |
|
Email |
|
|
Principals |
|
|
Judgements
Against Subject |
Unavailable |
|
Judgements
Against Principals |
Unavailable |
|
Subject
Verified as Client |
Yes |
|
Practice
Number |
955361 |
|
VAT
Number |
Unavailable |
|
Tax
Number |
9048316153 |
|
BEE
Status |
Unavailable |
|
Financial
Year End |
Unavailable |
|
No of
years in Business |
Unavailable |
|
Website |
Unavailable |
|
Comment |
|
Previous Auditors Information - No Information on Record
|
Vat
Number |
4610253975 |
|
Status |
ACTIVE |
|
Vat
Liable Date |
2009/10/01 |
|
Tax
Number |
9184772177 |
|
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
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
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
Business Rescue - No Information on Record
Default Listing - No information on record
Notarial Bonds - No information on record
Bank Information - No Information on Record
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 |
58 |
|
Active Principals Principal - 1 of 1 ANDRE BOTHA |
|
|
Surname |
BOTHA |
|
First
Name |
ANDRE |
|
Other
Names |
MARIUS |
|
Marital
Status |
|
|
ID
Number |
5601315051086 |
|
Verified
ID Number |
Yes |
|
Current
Age |
58 Years
1 Months |
|
Designation |
BUSINESSMAN |
|
Status |
Active |
|
Appointment
Date |
2009/08/03 |
|
Physical
Address (at time of Appointment) |
57
HIGHCLIFF WAYNORTHCLIFFJOHANNESBURG 2195 |
|
Postal
Address |
57
HIGHCHIFF WAY NORTHCLIFF JOHANNESBURG 2008 |
|
Current
Tel Number |
0119082084 |
|
Cell
number |
0825253111 |
|
Shareholding/Membership |
0.00 |
Adverse Information for ANDRE BOTHA Principal Judgement
|
Number
of Judgements |
1 |
|
Principal Debt Review |
|
|
Debt
review |
No
Information on Record |
|
Other |
|
|
Default
data |
No
Information on Record |
Business Information for ANDRE BOTHA
Principal Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
AMBOT
FUEL AGENCIES CC |
B1998/070801/23 |
In
Business |
16 Years
4 Months |
0 |
No |
|
|
AMBOT
VEHICLE SERVICE CC |
B1998/070935/23 |
In
Business |
16 Years
4 Months |
0 |
No |
|
|
ASA
BRAKE AND CLUTCH CC |
B2008/184818/23 |
Deregistration
Process |
6 Years
6 Months |
0 |
No |
|
|
BRAKEFORCE
(PTY)LTD |
M2009/013840/07 |
In Business |
5 Years
5 Months |
0 |
No |
|
|
BRAKEFORCE PROPERTIES (PTY)LTD |
M1996/016892/07 |
In
Business |
18 Years
6 Months |
0 |
No |
|
|
LINK2TELECARE
CC |
B2010/097967/23 |
In
Business |
4 Years
4 Months |
0 |
No |
|
|
VAALDEV PROPERTY
AND DEVELOPMENT CC |
2003/094577/23 |
In
Business |
11 Years
11 Months |
0 |
No |
|
|
WONDERFUEL |
5601315051003 |
|
Unknown |
0 |
No |
|
|
ASSMANG
LTD |
M1935/007343/06 |
In
Business |
78 Years
6 Months |
0 |
No |
|
|
ORE AND
METAL COMPANY LTD |
M1930/002363/06 |
In
Business |
83 Years
11 Months |
0 |
No |
|
Principal Previous Business Interests
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
EXALON
18 CC |
B2002/088802/23 |
Voluntary
Liquidation |
|
0 |
Yes |
|
|
FORCE
FUEL CC |
B1995/016234/23 |
Voluntary
Liquidation |
19 Years
7 Months |
0 |
Yes |
|
|
GBMA
RENOVATIONS CC |
2007/038499/23 |
Voluntary
Liquidation |
7 Years
7 Months |
0 |
Yes |
|
|
JENBOT
AGENCIES CC |
B1998/067401/23 |
Voluntary
Liquidation |
16 Years
4 Months |
0 |
Yes |
|
|
LUKBOT
AGENCIES CC |
B1998/067404/23 |
In
Business |
16 Years
4 Months |
0 |
No |
|
|
MONEYMINE
80 (PTY)LTD |
M2000/019587/07 |
Voluntary
Liquidation |
14 Years
2 Months |
0 |
Yes |
|
|
NANINI
423 CC |
B2005/024649/23 |
Deregistration
Process |
9 Years
9 Months |
0 |
No |
|
|
ROBVIN
(PTY)LTD |
M1983/002587/07 |
In
Business |
31 Years
7 Months |
0 |
No |
|
|
SARBOT
AGENCIES CC |
B1998/067405/23 |
Voluntary
Liquidation |
16 Years
4 Months |
0 |
Yes |
|
|
STATUFARMS
CC |
B1991/026280/23 |
Voluntary
Liquidation |
23 Years
11 Months |
0 |
Yes |
|
Principal Deeds Information Property
Interests for ANDRE BOTHA
|
Title
Deed No. |
T36842/2010 |
Erf/Site
No. |
|
|
Deeds Office |
JOHANNESBURG |
Physical
Address |
NORTHCLIFF
RANDBURG |
|
Property
Type |
Freehold |
Extent /
Size |
866.0SQM |
|
Purchase
Date |
2010/07/29 |
Purchase
price |
|
|
%
Ownership |
0.00 |
Bond
Holder |
A B S A
BANK LTD |
|
Bond
Number |
B277972010 |
Bond Amount |
|
|
Comment |
|
||
Property Interests for ANDRE BOTHA
|
Title
Deed No. |
T120226/2007 |
Erf/Site
No. |
|
|
Deeds
Office |
PRETORIA |
Physical
Address |
508
FRANGIPANI DORINGKRUIN KLERKSDORP |
|
Property
Type |
Freehold |
Extent /
Size |
2009.0SQM |
|
Purchase
Date |
2007/02/09 |
Purchase
price |
|
|
%
Ownership |
0.00 |
Bond
Holder |
ABSA
BANK LTD |
|
Bond
Number |
B1457252007 |
Bond
Amount |
|
|
Comment |
|
||
|
Title
Deed No. |
T120227/2007 |
Erf/Site
No. |
|
|
Deeds
Office |
PRETORIA |
Physical
Address |
18
FRANGIPANI DORINGKRUIN KLERKSDORP |
|
Property
Type |
Freehold |
Extent /
Size |
2037.0SQM |
|
Purchase
Date |
2007/02/09 |
Purchase
price |
|
|
%
Ownership |
0.00 |
Bond
Holder |
ABSA
BANK LTD |
|
Bond
Number |
B1457262007 |
Bond
Amount |
|
|
Comment |
|
||
|
Title
Deed No. |
T84500/2007 |
Erf/Site
No. |
|
|
Deeds
Office |
PRETORIA |
Physical
Address |
6 BAILEY
MIDSTREAM ESTATE OLIFANTSFONTEIN |
|
Property
Type |
Freehold |
Extent /
Size |
1050.0SQM |
|
Purchase
Date |
2007/01/26 |
Purchase
price |
|
|
%
Ownership |
0.00 |
Bond
Holder |
NEDBANK
LTD |
|
Bond
Number |
B1052312007 |
Bond
Amount |
|
|
Comment |
|
||
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.28 |
|
|
1 |
Rs.103.67 |
|
Euro |
1 |
Rs.85.18 |
INFORMATION DETAILS
|
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.