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Report Date : |
12.07.2014 |
IDENTIFICATION DETAILS
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Name : |
WEBCO (PTY) LTD |
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Formerly Known As : |
BURNS RIVERS AND COMPANY (PTY) LTD |
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Registered Office : |
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Country : |
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Date of Incorporation : |
28.03.1947 |
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Com. Reg. No.: |
1947/025008/07 |
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Legal Form : |
Private Company |
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Line of Business : |
Manufacturers and suppliers of tools, DIY and Mining Supplies Subject product
ranges includes : DIY §
Axes §
Cutting Tools §
Electrical §
Files §
Hammers §
Pliers §
Screwdrivers §
Wrenches, Spanners &
Sockets Cleaning Brushware Mopping Trolleys Cloths Construction §
Building §
Grinding §
Marking §
Measuring §
Safety Gear §
Spirit Levels §
Wrecking Hand Tools §
Drill Bits §
Fasteners §
G-Clamps §
Locks §
Punches §
Rivet Guns §
Ropes §
Tool Boxes Gardening §
Garden Tools §
Rakes & Squeegees §
Garden Appliances §
§
Tap & Hose Connectors §
Digging §
Seedlings Mining |
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No of Employees : |
30 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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
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Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
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South Africa |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderate Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderate High Risk |
C1 |
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High Risk |
C2 |
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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.
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Source : CIA |
WEBCO TOOLS (PTY) LTD
TELEPHONE NUMBER: +27 11 452 5906
On investigation it was established that the subject is a trading name of WEBCO (PTY) LTD, which report should be consulted.
Note:-
(The information contained in this report, other than statutory data and comment by outside authorities, has been voluntarily supplied by Officials of the subject)
WEBCO (PTY) LTD
Formerly: BURNS RIVERS AND COMPANY (PTY) LTD, the name having been changed on 17 February 2006
WEBCO TOOLS
19 Brunton Circle
Founders View South
Modderfontein
Kempton Park
Gauteng
P O Box 3702
Edenvale
1610
TELEPHONE
NUMBER: +27 11 452 5906
FAX NUMBER: +27
11 452 3548
50% C A WEBSTER
50% B A WEBSTER (Wife)
None
C A WEBSTER ID No. 5108305078004
B A WEBSTER ID No. 5507030120009
STANDARD BANK, Commissioner Street Branch, Johannesburg. Further information on banking facilities was not forthcoming from the respondent.
28 March 1947
Registration Certificate Number: 1947/025008/07
The subject commenced trading in 1947 and the current directors and shareholders became involved some years later
4900109549
9100004846
Level 3 contributor
Manufacturers and suppliers of tools, DIY and Mining Supplies
Product details are as follows:
DIY
§
Axes
§
Cutting Tools
§
Electrical
§
Files
§
Hammers
§
Pliers
§
Screwdrivers
§
Wrenches, Spanners & Sockets
Cleaning
Brushware
Mopping Trolleys
Cloths
Construction
§
Building
§
Grinding
§
Marking
§
Measuring
§
Safety Gear
§
Spirit Levels
§
Wrecking
Hand Tools
§
Drill Bits
§
Fasteners
§
G-Clamps
§
Locks
§
Punches
§
Rivet Guns
§
Ropes
§
Tool Boxes
Gardening
§
Garden Tools
§
Rakes & Squeegees
§
Garden Appliances
§
Cutting Garden Tools
§
Tap & Hose
Connectors
§
Digging
§
Seedlings
Mining
The subject imports supplies and deals locally with suppliers.
Previously,
we have divulged the names of the major suppliers in our reports. We have discontinued this practice to
protect our valuable sources of trade information. This has become necessary because we now give
a description of the goods or services to which the trade references
relate. This gives our client the
ability to assess whether the purchases
are vital to the subject’s operation and whether we have only been given their
essential suppliers that must be paid promptly for the subject to maintain its operation.
Hardware stores, retailers and mining industry
South Africa
African Countries and the UK
30
None
The premises are reported to be leased
R1 000 divided into 1 000 ordinary shares of R1 each
R100
The following estimated financial situation was submitted as at 8 July 2014:
STOCK R 6 000 000
DEBTORS R 5 000 000
FIXED ASSETS R 3 000 000
CREDITORS R 1 000 000
TURNOVER per annum R29 000 000
COLLIN SMITH AND COMPANY
JUNE
Unknown
ACCOUNT HIGHEST AVERAGE TERMS PAYMENT EXPERIENCE
OPENED CREDIT CREDIT PATTERN
1. 2005 R
50 000 R 20 000 30 days 30
days Very Good
2.5%
2. Few years Declined Declined 30
days 30 days Very Good
3. Do not give trade references
4. Do not give trade references
(These descriptions relate
respectively by number to the above current trade transactions):
1. Abrasives
2. Shippers
This is an established business meeting its commitments timeously. The subject is considered equal to its normal business engagements.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.60.19 |
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UK Pound |
1 |
Rs.103.15 |
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Euro |
1 |
Rs.81.87 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
MNL |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
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.