|
Report Date : |
01.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
HARKUS STAINLESS STEEL CC |
|
|
|
|
Registered Office : |
20
Canada Road, Congella, Durban, 4001 |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
30.01.2004 |
|
|
|
|
Com. Reg. No.: |
B2004/008869/23 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Subject
is engaged in the supply of primary steel and allied products. |
|
|
|
|
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 – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
South Africa |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately 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 |
HARKUS
STAINLESS STEEL CC |
|
Country |
South
Africa |
|
Subject
Contact Person |
ADRIAN
CHETTY - Manager |
|
Assessment |
This is
an established business. On investigation contact was made with ADRIAN CHETTY
the manager who declined to assist unless the principal enquirer was made
available. Please see the available information obtained below. |
|
Registered
Name |
HARKUS
STAINLESS STEEL CC |
|
Trading
as/ Division Name |
HARKUS
STAINLESS STEEL |
|
Previous
Name |
Unavailable |
|
Date of
Name Change |
Unavailable |
|
Registration
Number |
B2004/008869/23 |
|
Registration
Date |
2004/01/30 |
|
Date
Commenced Trading |
2004-01-30 |
|
Age of
Business |
10 Years
5 Months |
|
History of
Business |
The
business is in operation for the past 10 Years 5 Months. |
|
History
of Principals |
There is
1 active member of the business. |
|
Shareholders/Members/Partners
of subject and % holding |
100% -
LLOYD PETERSEN CHETTY |
|
Authorised
Share Capital |
R 0.00 |
|
Issued
Share Capital/Members Contribution |
R 0.00 |
|
Status |
In
Business |
|
Operations
Assessment |
The
businesses main operation is to supply primary steel and allied products. |
|
Industry/
Customers |
The commercial
and architectural sectors |
|
Export |
Declined |
|
Export
Countries |
|
|
Import |
Declined |
|
Import
Countries |
|
|
Major
Industry Code / SICC |
35101 |
|
Definition
of Code |
Basic
iron and steel industries, except steel pipe and tube mills |
|
Head
Office Physical Address |
20
CANADA ROAD, CONGELLA, DURBAN, 4001 |
|
Head
Office Postal Address |
20
CANADA ROAD, CONGELLA, DURBAN, 4001 |
|
Current
Tel Number |
0313051846 |
|
Cell
Number |
Unavailable |
|
Current
Fax Number |
0313071679 |
|
Current Email
Address |
Unavailable |
|
Web Site
Address |
|
|
Comments |
|
|
Company
Registered Name |
WILLIAM
IDM |
|
Trading
Name |
Unavailable |
|
Registration
Number |
Unavailable |
|
Physical
Address |
Unavailable |
|
Postal
Address |
P O BOX
50714, MUSGRAVE ROAD, 4062 |
|
Contact
Person |
Unavailable |
|
Contact
Number |
Unavailable |
|
Email |
Unavailable |
|
Principals |
|
|
Judgements
Against Subject |
Unavailable |
|
Judgements
Against Principals |
Unavailable |
|
Subject
Verified as Client |
|
|
Practice
Number |
00024331 |
|
VAT
Number |
Unavailable |
|
Tax
Number |
Unavailable |
|
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 |
4630210740 |
|
Status |
ACTIVE |
|
Vat
Liable Date |
2004/03/01 |
|
Tax
Number |
9970483146 |
|
Tax
Clearance Expire Date |
|
|
Financial
Year End |
February |
|
Comment |
|
Black
Economic Empowerment
|
|
|
Status |
Yes |
|
Score |
8.00 |
|
Expire
Date |
|
|
BEE
Certificate Available |
No |
|
Comment |
|
ISO Status
|
|
|
Type of
ISO Grade |
9001-9002 |
|
ISO
Certificate |
No |
|
ISO
Certificate Available |
No |
|
Certified
by an Accredited Agent |
Yes |
|
Comment |
|
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
Organisation
Chart
|
Level |
Position |
Name |
Comment |
|
1 |
Owner |
LLOYD
PETERSEN CHETTY |
|
Company structure
(ownership)
Note: One
level up and all levels down
|
Holding |
Company |
Sub |
Comment |
|
100% -
LLOYD PETERSEN CHETTY |
HARKUS
STAINLESS STEEL CC |
|
|
Key Deals
- No Information on Record
Trade
References Information - No Information on Record
Judgements
- No information on record
BusinessRescue
- 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 |
60 |
|
Active
Principals Principal
- 1 of 1 LLOYD CHEIIY |
|
|
Surname |
CHETTY |
|
First
Name |
LLOYD |
|
Other Names |
PETERSON |
|
Marital
Status |
|
|
ID
Number |
5402205052080 |
|
Verified
ID Number |
Yes |
|
Current
Age |
60 Years
4 Months |
|
Designation |
Member |
|
Status |
Active |
|
Appointment
Date |
2004/01/30 |
|
Physical
Address (at time of Appointment) |
76 ADDISON
DRIVE, LA LUCIA, 4051 |
|
Postal
Address |
76
ADDISON PLACE, LA LUCIA, 4051 |
|
Current
Tel Number |
0313075135 |
|
Cell
number |
0832811340 |
|
Shareholding/Membership |
100 % |
Principal's
Adverse - No information on record
Business
Information for LLOYD CHETTY
Principal
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
HARKUS
STAINLESS STEEL CC |
B2004/008869/23 |
In
Business |
10 Years
10 Months |
0 |
No |
|
Principal
Previous Business Interests
Average Age of Previous Business 15
Years
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
CANADA
CLOTHING CONTRACTORS CC |
B1997/066962/23 |
In
Business |
17 Years
5 Months |
0 |
No |
|
|
LLOYD
WELDING SERVICES CC |
B1997/037447/23 |
Deregistration
Final |
17 Years
5 Months |
0 |
No |
|
|
WILBAT
PROJECTS 705 (PTY)LTD |
M2003/016600/07 |
Deregistration
Final |
11 Years
11 Months |
0 |
No |
|
Principal
Deeds Information
|
Property Interests for LLOYD
CHETTY |
|||
|
Title
Deed No. |
T15837/2004 |
Erf/Site
No. |
763 |
|
Deeds
Office |
PIETERMARITZBURG |
Physical
Address |
19 RIDGE
LA LUCIA |
|
Property
Type |
F |
Extent /
Size |
1454.00000000 |
|
Purchase
Date |
2004/01/27 |
Purchase
price |
R1600000.00 |
|
%
Ownership |
0.00 |
Bond
Holder |
ABSA
BANK LTD |
|
Bond
Number |
B139052004 |
Bond
Amount |
R1300000.00 |
|
Comment |
|
||
|
Property Interests for LLOYD
CHETTY |
|||
|
Title Deed
No. |
T13281/2009 |
Erf/Site
No. |
85 |
|
Deeds
Office |
PIETERMARITZBURG |
Physical
Address |
20
HIGHWOOD SILVERGLEN CHATSWORTH |
|
Property
Type |
E |
Extent /
Size |
|
|
Purchase
Date |
2009/01/26 |
Purchase
price |
R
575000.00 |
|
%
Ownership |
0.00 |
Bond
Holder |
1997-13271961T |
|
Bond
Number |
I-101601997LG-259 |
Bond
Amount |
R 0.00 |
|
Comment |
|
||
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.09 |
|
|
1 |
Rs.102.33 |
|
Euro |
1 |
Rs.82.01 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NNA |
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.