|
Report Date : |
19.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
JANGER
CC |
|
|
|
|
Registered Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
13.07.1992 |
|
|
|
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Com. Reg. No.: |
1992/018773/23 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Subject
is engaged in Spinning, weaving and finishing of yarns and fabrics |
|
|
|
|
No. of Employees : |
02 |
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 – 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 |
JANGER
CC |
|
Country |
South
Africa |
|
Enquiry
Terms |
30 Days |
|
Account
Review |
Recommended
Every 6 Months |
|
Subject
Contact Person |
REENAY
and MARK BRUCE - Financial Bookeeper & Business Manager |
|
Assessment |
On investigation
contact was made with REENAY, the financial bookkeeper and MARK BRUCE the
business manager of the business who assisted with most of the information.
The subject is meeting commitments timeously with suppliers. We are awaiting
a bank code. It was confirmed that there is only 1 member within the
business, data provided by CIPC however state that there are 2 active
members. Please see the information obtained below |
|
Registered
Name |
JANGER
CC |
|
Trading as/
Division Name |
STALLION
DYE STUFF SA |
|
Previous
Name |
None |
|
Date of
Name Change |
None |
|
Registration
Number |
1992/018773/23 |
|
Registration
Date |
1992/07/13 |
|
Date
Commenced Trading |
1992/07/13 |
|
Age of
Business |
21 Years
7 Months |
|
History
of Business |
The
subject c commenced trading as a new business in 1992. |
|
History
of Principals |
There is
one active member of the business. |
|
Shareholders/Members/Partners
of subject and % holding |
100 % -
SHIRLEY JUNE MACPHERSON |
|
Authorised
Share Capital |
|
|
Issued
Share Capital/Members Contribution |
|
|
Status |
Active |
|
Operations
Assessment |
The
business imports dyes and fabrics |
|
Industry/
Customers |
The
industry the business supplies to are textile mills and retailers |
|
Export |
None |
|
Export
Countries |
|
|
Import |
Yes |
|
Import
Countries |
|
|
Major
Industry Code / SICC |
31110 |
|
Definition
of Code |
Spinning,
weaving and finishing of yarns and fabrics, other |
|
Head
Office Physical Address |
50 KENSINGTON
SQUARE, KENSINGTON DRIVE, DURBAN NORTH, 4051 |
|
Head
Office Postal Address |
P O BOX
3077, PRESTONDALE, 4021 |
|
Current
Tel Number |
0315638569 |
|
Cell
Number |
0837032951 |
|
Current
Fax Number |
0315642424 |
|
Current
Email Address |
|
|
Web Site
Address |
None |
|
Comments |
|
|
Company
Registered Name |
ROSE
WYMM CA |
|
Trading
Name |
ROSE
WYMM CA |
|
Registration
Number |
Unavailable |
|
Physical
Address |
Unavailable |
|
Postal
Address |
Unavailable |
|
Contact
Person |
ROSE
WYMM |
|
Contact
Number |
0114674359 |
|
Email |
|
|
Principals |
|
|
Judgements
Against Subject |
Unavailable |
|
Judgements
Against Principals |
Unavailable |
|
Subject
Verified as Client |
Yes |
|
Practice
Number |
Unavailable |
|
VAT
Number |
Unavailable |
|
Tax
Number |
Unavailable |
|
BEE
Status |
Unavailable |
|
Financial
Year End |
Unavailable |
|
No of
years in Business |
18 Years |
|
Website |
Unavailable |
|
Comment |
|
Previous Auditors Information - No Information on Record
|
Vat
Number |
4220132932 |
|
Status |
ACTIVE |
|
Vat Liable
Date |
1992/07/01 |
|
Tax
Number |
9143253202 |
|
Tax
Clearance Expire Date |
|
|
Financial
Year End |
February |
|
Comment |
|
|
Black
Economic Empowerment |
|
|
Status |
No |
|
Score |
|
|
Expire
Date |
|
|
BEE
Certificate Available |
|
|
Comment |
The subject
is not registered for BEE |
|
|
|
|
ISO Information - No Information on Record |
|
|
Workman's
compensation |
|
|
Registered |
No |
|
Compliance
Certified |
No |
|
Comment |
The
subject is not registered for Workman's compensation |
Subsidiaries Information - No Information on Record
|
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 Information - No Information on Record
|
Offices Information |
No Information on |
Record |
|
|
||
|
Branch Information |
No Information on |
Record |
Company
Structure (Ownership)
Organisation
Chart
|
Holding |
Company |
Sub |
Comment |
|
100 % - SHIRLEY JUNE MACPHERSON |
JANGER CC |
|
|
|
Trade
Reference nr |
Supplier |
Contact |
Surety
Value |
Notarial
Bonds |
Comment |
|
1 |
THE
CLEAR FREIGHT |
0118566600 |
|
|
|
|
2 |
PRO CHEM |
0314642056 |
|
|
|
|
3 |
RUDOLF
CHEMICALS |
0317058961 |
|
|
|
Trade References Detail
|
Nr |
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
|
1 |
16 Years |
|
|
30 Days |
|
30 Days |
This is
a good account. The supplier however declined to provide a credit limit , max
credit and average purchases. |
|
2 |
2 Years |
|
R100000 |
60 Days |
R100000 |
60 Days |
This is
a good account. No credit limit has been set in place |
|
3 |
8 Years |
|
R 40000 |
90 Days |
R 40000 |
90 Days |
This is
a very good |
|
|
|
|
|
|
|
|
account.
The supplier |
|
|
|
|
|
|
|
|
however
declined to |
|
|
|
|
|
|
|
|
comment
on the |
|
|
|
|
|
|
|
|
credit
limit. |
Judgements - No information on record
Business Rescue - No Information on Record
Default Listing - No information on record
Notarial Bonds - No information on record
|
Bank |
NEDBANK |
|
Branch |
DURBAN NORTH |
|
Brach
Code |
198765 |
|
Bank
Account Number |
1352013606 |
|
Type of
Account |
Current |
|
Account
Name |
JANGER
TRADING AS STALLION DYE STUFF SA |
|
Overdraft
Facilities |
Yes |
|
Bank
Code |
Awaiting
Bank Code |
|
Bank
Comment |
|
Bank Code History - No Information on Record
Previous Bank Account Information - No Information on Record
Deeds Information - No information on record
|
CURRENT
ASSETS |
|
|
Stock |
R
800000.00 |
|
Estimated
Current Year Turnover |
|
|
Current
Turnover per month |
R
350000.00 |
|
Current
Turnover per annum |
R
4200000.00 |
|
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 |
2 |
|
Average
Age of Active Principals |
80 |
|
Active Principals Principal - 1of 2 SHIRLEY MACPHERSON |
|
|
Surname |
MACPHERSON |
|
First
Name |
SHIRLEY |
|
Other
Names |
|
|
Marital
Status |
Married |
|
ID
Number |
3403180065107 |
|
Verified
ID Number |
Yes |
|
Current
Age |
79 Years
11 Months |
|
Designation |
Director |
|
Status |
Active |
|
Appointment
Date |
1992/07/13 |
|
Physical
Address (at time of Appointment) |
8
KERRYVALE, ZUNIS CLOSE, MOUNT EDGECOMBE, 4300 |
|
Postal
Address |
P O BOX
3077, PRESTONDALE, 4021 |
|
Current
Tel Number |
0315392793 |
|
Cell
number |
|
|
Shareholding/Membership |
100 % |
Business Information forSHIRLEY MACPHERSON Principal Current Business
Interests
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
JANGER
CC |
B1992/018773/23 |
In
Business |
22 Years
10 Months |
0 |
No |
|
|
AFRICAN
MINING AND TRUST COMPANY LTD |
M1931/003633/06 |
In
Business |
82 Years
10 Months |
0 |
No |
|
|
ASSMANG
LTD |
M1935/007343/06 |
In
Business |
78 Years
6 Months |
0 |
No |
|
|
ASSORE
LTD |
M1950/037394/06 |
In
Business |
63 Years
3 Months |
0 |
No |
|
|
ORE AND
METAL COMPANY LTD |
M1930/002363/06 |
In
Business |
83 Years
11 Months |
0 |
No |
|
|
ORESTEEL INVESTMENTS (PTY)LTD |
M1975/003008/07 |
In
Business |
38 Years
2 Months |
0 |
No |
|
|
THE
SACCO COMMUNITY CENTRE |
M2009/013212/08 |
In Business |
4 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 |
|
Principal Previous Business
|
Title
Deed No. |
T32402/2011 |
Erf/Site
No. |
|
|
Deeds
Office |
PRETORIA |
Physical
Address |
HYDE
PARK SANDTON |
|
Property
Type |
Freehold |
Extent /
Size |
2050.0SQM |
|
Purchase
Date |
2011/03/21 |
Purchase
price |
|
|
%
Ownership |
0.00 |
Bond
Holder |
|
|
Bond
Number |
K28291977S |
Bond
Amount |
|
|
Comment |
|
||
Principal - 2of 2 MARK BRUCE MACPHERSON
|
Surname |
MACPHERSON |
|
First
Name |
MARK
BRUCE |
|
Other
Names |
|
|
Marital
Status |
|
|
ID
Number |
700202 |
|
Verified
ID Number |
No |
|
Current
Age |
Unknown |
|
Designation |
Invalid
Code |
|
Status |
Active |
|
Appointment
Date |
|
|
Physical
Address (at time of |
26
FOREST DRIVE, LA LUCIA, 4051 |
|
Appointment) |
|
|
Postal
Address |
26
FOREST DRIVE, LA LUCIA, 4051 |
|
Current
Tel Number |
|
|
Cell
number |
|
|
Shareholding/Membership |
20.00 |
Business Information forMARK BRUCE MACPHERSON
Principal Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
JANGER
CC |
B1992/018773/23 |
In
Business |
22 Years
10 Months |
0 |
No |
|
|
AFRICAN
MINING AND TRUST COMPANY LTD |
M1931/003633/06 |
In
Business |
82 Years
10 Months |
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 |
|
|
RUSTENBURG MINERALS DEVELOPMENT COMPANY (PTY)LTD |
M1968/002462/07 |
In
Business |
45 Years
9 Months |
0 |
No |
|
|
WONDERSTONE
LTD |
M1935/006371/06 |
In
Business |
78 Years
6 Months |
0 |
No |
|
|
ZEERUST
CHROME MINES LTD |
M1962/001355/06 |
In
Business |
51 Years
3 Months |
0 |
No |
|
Principal Previous Business
|
Company Name |
Registration No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
ASSORE
LTD |
M1950/037394/06 |
In
Business |
63
Years 3 Months |
0 |
No |
|
|
MIDNIGHT
STORM INVESTMENTS 19 (PTY)LTD |
M2003/024697/07 |
In
Business |
10
Years 10 Months |
0 |
No |
|
|
MIDNIGHT
STORM INVESTMENTS 36 (PTY)LTD |
M2003/025889/07 |
Deregistration Final |
10 Years 10 Months |
0 |
No |
|
Property Interests forMARK BRUCE MACPHERSON
|
Title
Deed No. |
T9930/1999 |
Erf/Site
No. |
0 |
|
Deeds Office |
PRETORIA |
Physical
Address |
118
CENTURION EAST CENTURION GOLF ESTATE CENTURION |
|
Property
Type |
Freehold |
Extent /
Size |
706.0SQM |
|
Purchase
Date |
1998/11/11 |
Purchase
price |
|
|
%
Ownership |
0.00 |
Bond
Holder |
ABSA
BANK LTD |
|
Bond Number |
B54851999 |
Bond
Amount |
|
|
Comment |
|
||
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.12 |
|
|
1 |
Rs.103.93 |
|
Euro |
1 |
Rs.85.17 |
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.