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Report Date : |
04.01.2014 |
IDENTIFICATION DETAILS
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Name : |
WIRE PRODUCTS STAINLESS STEEL (PTY)LTD |
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Formerly Known As : |
WIRE PRODUCTS (PTY) LTD |
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Registered Office : |
Corner Of Snapper And Haring Streets, Wadeville Extension
2, Germiston, 1401 |
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Country : |
South Africa |
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Date of Incorporation : |
10.09.1996 |
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Com. Reg. No.: |
M1996/012262/07 |
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Legal Form : |
Private Company |
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Line of Business : |
Producers of cold drawn stainless steel, round bar and all purpose
wires |
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No. of Employees : |
78 |
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 31st 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
South Africa |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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. State power supplier 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 |
WIRE PRODUCTS STAINLESS STEEL (PTY)LTD |
|
Country |
South Africa |
|
Subject Contact Person |
TANYA PAPADOPOULOS - ACCOUNTS MANAGER |
|
Assessment |
This is an established business. On investigation contact was made with MRS. TANYA PAPADOPOULOS the accounts manager who assisted with most of the required information. MRS PAPADOPOULOS however declined to assist with any financial information as this is considered to be confidential. The subject is meetings commitments timeously with suppliers. Please see the available information on the subject below. |
|
Registered Name |
WIRE PRODUCTS STAINLESS STEEL (PTY)LTD |
|
Trading as/ Division Name |
WPSS |
|
Previous Name |
WIRE PRODUCTS (PTY) LTD |
|
Date of Name Change |
1996-09-10 |
|
Registration Number |
M1996/012262/07 |
|
Registration Date |
1996/09/10 |
|
Date Commenced Trading |
1996-09-10 |
|
Age of Business |
16 Years 9 Months |
|
History of Business |
The company WIRE PRODUCTS (PTY) LTD was initially established in 1987 and operations commenced immediately. It was in 1996 when WIRE PRODUCTS STAINLESS STEEL (PTY)LTD took over the assets and operations of WIRE PRODUCTS (PTY) LTD. A Swiss company by the name of NOVAMITTAL SA purchased the majority shares of the business in November 2005. |
|
History of Principals |
There are currently 3 active directors within the business. |
|
Shareholders/Members/Partners of subject and % holding |
100 % - NOVAMITTAL SA (A company based in Switzerland) |
|
Authorised Share Capital |
R1000.00 |
|
Issued Share Capital/Members Contribution |
R 100.00 |
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Status |
In Business |
|
Operations Assessment |
Producers of cold drawn stainless steel, round bar and all purpose
wires |
|
Industry/ Customers |
Mining, Engineering and the motor industry. |
|
Export |
Yes |
|
Import |
Yes |
|
Import Countries |
Europa Island |
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Major Industry Code / SICC |
35310 |
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Definition of Code |
Casting of iron and steel |
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Head Office Physical Address |
Corner of Snapper and Haring Streets, Wadeville Extension 2, GERMISTON, 1401 |
|
Head Office Postal Address |
P O Box 14882, WADEVILLE, 1422 |
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Current Tel Number |
0118241528 |
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Current Fax Number |
0118243206 |
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Current Email Address |
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Web Site Address |
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Company Registered Name |
A ROTH |
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Registration Number |
5002215012080 |
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Physical Address |
31 THE BRAIDS, EAAARENTIA, 2195 |
|
Postal Address |
P O BOX 85157, EMMARENTIA, 2029 |
|
Contact Person |
ANTHONY |
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Contact Number |
0118838141 / 0824471561 |
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Email |
|
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Principals |
1 |
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Judgements Against Subject |
None On Record |
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Judgements Against Principals |
None On Record |
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Subject Verified as Client |
Yes |
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Practice Number |
222373 |
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VAT Number |
4060204304 |
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Tax Number |
Undisclosed |
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BEE Status |
Undisclosed |
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Financial Year End |
February |
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No of years in Business |
Unknown |
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Website |
None |
Previous Auditors Information - No Information on Record
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Vat Number |
4110163237 |
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Status |
ACTIVE |
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Vat Liable Date |
1997/03/01 |
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Tax Number |
9122005839 |
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Financial Year End |
December |
Black Economic
Empowerment Information - No Information on Record
|
Type of ISO Grade |
9001-2000 |
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ISO Certificate |
Yes |
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ISO Certificate Available |
No |
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Certified by an Accredited Agent |
Yes |
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Registered |
Yes |
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Compliance Certified |
Yes |
Subsidiaries Information - No Information on Record
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Employees |
||||
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Number of Employees |
78 |
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1. Salaried employees |
26 |
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2. Waged employees |
52 |
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Company Fleet |
||||
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Company Fleet |
No of vehicles: |
Owned/Leased |
Value |
Outstanding Balance |
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Fleet Operations |
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The Fleet is made up of |
9 |
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Comment |
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|||
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Cars |
3 |
Leased |
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Trucks |
3 |
Owned |
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Fork Lifts |
3 |
Owned |
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Offices |
Offices |
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Head Office Owned/ Rented |
Leased |
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Rental Company |
WIRE PRODUCTS PROPERTIES (PTY) LTD (group company) |
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Lease Agreement |
Renew every year, no expiry |
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Type of Premises |
3 office blocks, 2 warehouses, large factory |
Branch Information - No Information on Record
Organisational Chart - No Information on Record
Company Structure (Ownership)
Note: One level up and all
levels down
|
Holding |
Company |
Sub |
Comment |
|
100% -
NOVAMITTAL SA |
WIRE PRODUCTS
STAINLESS STEEL (PTY) LTD |
|
|
Key Deals - No Information on Record
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Trade Reference nr |
Supplier |
Contact |
Surety Value |
Notarial Bonds |
Comment |
|
1 |
SANTOVA LOGISTICS |
0313747000 |
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2 |
COMIR INDUSTRIAL SA CC |
0164549744 |
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3 |
PRINTWELL PRESS |
0119143375 |
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Nr |
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
|
1 |
1 Years |
R 3500000.00 |
R 2000000 |
30 Days |
R1500000 |
30 Days |
Very good account |
|
2 |
3 Months |
R15000.00 |
R6000 |
30 Days |
R6000 |
30 Days |
Very good account |
|
3 |
4 Year |
|
R 20000 |
30 Days |
R10000 |
30 Days |
Very good account.
The subject has an open account with the supplier. |
Judgements - No information on record
Business Rescue - No Information on Record
Default Listing - No information on record
Notarial Bonds - No information on record
|
Bank |
FIRST NATIONAL BANK |
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Branch |
DTS JOHANNESBURG |
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Brach Code |
250655 |
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Bank Account Number |
62352880457 |
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Type of Account |
Current |
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Account Name |
WIRE PRODUCTS STAINLESS STEEL (PTY) LTD |
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Overdraft Facilities |
Yes |
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Bank Code |
C FOR R 3 500 000 |
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Bank Comment |
The subject's bankers consider them good for all business normal
engagements |
Bank Code History - No Information on Record
Previous Bank Account Information - No Information on Record
Property Interests for Company WIRE PRODUCTS STAINLESS STEEL (PTY)LTD
|
Title Deed No. |
T47899/2008 |
Erf/Site No. |
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|
Deeds Office |
PRETORIA |
Physical Address |
EAST RAND PTY MINES GERMISTON |
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Property Type |
Farms |
Extent / Size |
2.3788H |
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Purchase Date |
2007/06/14 |
Purchase price |
|
|
% Ownership |
0.00 |
Bond Holder |
VISIC NEVENKA |
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Bond Number |
VA146682008 |
Bond Amount |
|
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Number of Principals |
3 |
|
Average Age of Active Principals |
41 |
Active Principals
Principal - 1of 3 SEAN LAUTENBERG
|
Surname |
LAUTENBERG |
|
First Name |
SEAN |
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Other Names |
None |
|
Marital Status |
Married |
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ID Number |
7407305153082 |
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Verified ID Number |
Yes |
|
Current Age |
38 Years 11 Months |
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Designation |
Director |
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Status |
Active |
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Appointment Date |
2012/05/01 |
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Physical Address (at time of Appointment) |
430B FIREWOOD STREET, THATCHFIELD GARDENS, THE REEDS, CENTURION, 0157 |
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Postal Address |
P O BOX 592, RASLOUW, RASLOUW, 0109 |
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Current Tel Number |
0118247600 |
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Cell number |
0827878244 |
Principal's Adverse -
No information on record
Business Information
for SEAN LAUTENBERG
Principal Current Business
Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
WIRE PRODUCTS STAINLESS STEEL (PTY) LTD |
M1996/012262/07 |
In Business |
17 Years 5 Months |
0 |
No |
|
Principal Previous Business Interests
Average Age of Previous Business 6 Years
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
PROTEGE MARKETING CC |
B2007/023670/23 |
Deregistration Final |
6 Years 6 Months |
0 |
No |
|
Principal's Deeds
Information - No information on record
Principal - 2of 3
LUCACAPSONI
|
Surname |
CAPSONI |
|
First Name |
LUCA |
|
Other Names |
None |
|
Marital Status |
Married |
|
ID Number |
D879585 |
|
Verified ID Number |
No |
|
Current Age |
35 Years 5 Months |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2011/12/01 |
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Physical Address (at time of Appointment) |
VIA FLLI BRONZETTI N 17, COMO (CO), ITALY, 22100 |
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Postal Address |
P O BOX 23, RANCATE (CH), RANCATE (CH), SWITZERLAND, 6862 |
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Current Tel Number |
0118241528 |
|
Shareholding/Membership |
0.00 |
Business Information for LUCA CAPSONI
Principal Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
WIRE PRODUCTS STAINLESS STEEL (PTY) LTD |
M1996/012262/07 |
In Business |
17 Years 5 Months |
0 |
No |
|
Principal's Deeds
Information - No information on record
Principal - 3of 3 EUGENIO
MARZORATI
|
Surname |
MARZORATI |
|
First Name |
EUGENIO |
|
Other Names |
None |
|
Marital Status |
Married |
|
ID Number |
620318 |
|
Verified ID Number |
No |
|
Current Age |
51 Years 3 Months |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2006/05/25 |
|
Physical Address (at time of Appointment) |
CASA BORRI, NOVAZZANO, SWITZERLAND, "0000 |
|
Postal Address |
CASA BORRI, NOVAZZANO, SWITZERLAND, "0000 |
|
Current Tel Number |
0118241528 |
|
Cell number |
|
|
Shareholding/Membership |
|
Principal's Adverse -
No information on record
Business Information
for EUGENIO MARZORATI
Principal Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
WIRE PRODUCTS STAINLESS STEEL (PTY) LTD |
M1996/012262/07 |
In Business |
17 Years 5 Months |
0 |
No |
|
Principal's Deeds
Information - No information on record
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.41 |
|
UK Pound |
1 |
Rs.102.54 |
|
Euro |
1 |
Rs.85.20 |
INFORMATION DETAILS
|
Report Prepared
by : |
NNA |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.