MIRA INFORM REPORT

 

 

Report Date :

25.06.2014

 

IDENTIFICATION DETAILS

 

Name :

RECLAMATION HOLDINGS (PTY)LTD

 

 

Formerly Known As :

THE RECLAMATION GROUP

 

 

Registered Office :

Reclam Building, 263 Oxford Road, Illovo, Johannesburg, 2196

 

 

Country :

South Africa

 

 

Date of Incorporation :

13.12.2005

 

 

Com. Reg. No.:

M2005/043852/07

 

 

Legal Form :

Private Company

 

 

Line of Business :

·         Engaged in producing recycled ferrous and non-ferrous metal products.

·         Subject also produces recycled paper, cardboard and plastic products, aluminium ingots and pellets, as well as copper sulphate products.  

·         Manufacturer of primary non-ferrous metal 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

Moderate Low Risk

 

B1

Moderate Risk

 

B2

Moderate 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

RECLAMATION HOLDINGS (PTY) LTD

Country

South Africa

Subject Contact Person

BRIAN BASSON - Financial Manager

Assessment

On investigation contact was made with BRIAN BASSON the financial manager and who declined to assist with the required information.

 

The subject requested the name of the principal enquirer to be revealed before divulging any information.

 

Please see the available information on the subject obtained below.

 

 

Company information

 

Registered Name

RECLAMATION HOLDINGS (PTY)LTD

Trading as/ Division Name

RECLAMATION HOLDINGS

Previous Name

THE RECLAMATION GROUP

Date of Name Change

None

Registration Number

M2005/043852/07

Registration Date

2005/12/13

Date Commenced Trading

2005-12-13

Age of Business

8 Years 6 Months

History of Business

The company is in operation for the past 8 Years 6 Months.

History of Principals

There are 8 active directors : HARRY DEAN KASSEL, DARSHAN DAYA, QUINTON MORGAN DICKS, CHAD LEANARD SMART, GRAHAM PAUL WOLF, JEMEMY MARK JOFFE, MICHAEL HENRY GREEF, DAVID KASSEL

Shareholders/Members/Partners of subject and % holding

Unavailable

Authorised Share Capital

R 200000.00

Issued Share Capital/Members Contribution

R 100.00

Status

In Business

Operations Assessment

The company main operation is produce recycled ferrous and non-ferrous metal products.

 

Subject also produces recycled paper, cardboard and plastic products, aluminium ingots and pellets, as well as copper sulphate products.  

Industry/ Customers

The steel and metal industry, mining companies

Export

None

Import

None

Major Industry Code / SICC

35202

Definition of Code

Manufacturer of primary non-ferrous metal products

Head Office Physical Address

RECLAM BUILDING, 263 OXFORD ROAD, ILLOVO, JOHANNESBURG, 2196

Head Office Postal Address

POSTNET SUITE 114, PRIVATE BAG X1, MELROSE ARCH, 2076

Current Tel Number

0118806410

Cell Number

Unavailable

Current Fax Number

0118806222

Current Email Address

info@reclam.co.za

Web Site Address

www.reclam.co.za

 

 

Auditors information

 

Company Registered Name

KPMG INCORPORATED

Trading Name

KPMG

Registration Number

M1999/021543/21

Physical Address

85 EMPIRE ROAD, PARKTOWN, JOHANNESBURG, 2193

Postal Address

PRIVATE BAG X9, PARKVIEW, 2122

Contact Person

DANIEL

Contact Number

0116477111

Email

Unavailable

Principals

191

Judgements Against Subject

None On Record

Judgements Against Principals

None On Record

Subject Verified as Client

Yes

Practice Number

900133

VAT Number

4530188665

Tax Number

9559555843

BEE Status

Unavailable

Financial Year End

August

No of years in Business

14 Years 9 Months

Website

www.kpmg.com

 

Previous Auditors Information - No Information on Record

 

 

Tax information

 

Vat Number

4090254832

Status

ACTIVE

Vat Liable Date

2010/01/01

Tax Number

9539745159

Financial Year End

June

Black Economic Empowerment

 

Status

Yes

BEE Certificate Available

No

 

ISO Information - No Information on Record

 

Work Mans Information - No Information on Record

 

Company Structure

 

Subsidiaries Information - No Information on Record

 

Employees Information - No Information on Record

 

Company Fleet

Company Fleet

No of vehicles:

Owned/Leased

Value

Outstanding Balance

Fleet Operations

--

---

---

---

The Fleet is made up of

300

Cars

300

Owned

 

 

 

Offices Information - No Information on Record

 

Branch Information - No Information on Record

 

 

Management Overview

Organisation Chart

Level

Position

Name

1

Director

HARRY DEAN KASSEL

1

Director

DARSHAN DAYA

1

Director

QUINTON MORGAN DICKS

1

Director

CHAD LEANARD SMART

1

Director

GRAHAM PAUL WOLF

1

Director

JEMEMY MARK JOFFE

1

Director

MICHAEL HENRY GREEF

1

Director

DAVID KASSEL

 

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

 

Adverse Information on Subject

 

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

 

 

Principals

 

Number of Principals

8

Average Age of Active Principals

56

 

Active Principals Principal - 1 of 8 HARRY KASSEL

 

Surname

KASSEL

First Name

HARRY

Other Names

None

Marital Status

 

ID Number

8207265232085

Verified ID Number

Yes

Current Age

31 Years 11 Months

Designation

DIRECTOR

Status

Active

Appointment Date

2011/09/20

Physical Address (at time of Appointment)

NO 7, 5TH AVENUE, INANDA, 2196

Postal Address

P O BOX 225, HIGHLANDS NORTH, 2037

Current Tel Number

0118806410

Cell number

0833016610

Shareholding/Membership

0.00

 


Principal's Adverse - No information on record

 

Business Information for HARRY KASSEL

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

AMIREC (PTY)LTD

K2012/032841/07

In Business

2 Years 2 Months

0

No

 

ECHO CANYON TRADING 58 (PTY)LTD

M2007/010104/07

In Business

7 Years 7 Months

0

No

 

EMERALD PANTHER INVESTMENTS 100 (PTY)LTD

K2012/043148/07

In Business

2 Years 2 Months

0

No

 

FIREFLY

INVESTMENTS 257 (PTY)LTD

K2012/028836/07

In Business

2 Years 2 Months

0

No

 

HEEVER RUBBER AND TYRE (PTY)LTD

M2000/007179/07

In Business

14 Years 2 Months

0

No

 

RECLAMATION

HOLDINGS

(PTY)LTD

M2005/043852/07

In Business

9 Years 9 Months

0

No

 

THE NEW RECLAMATION GROUP (PTY)LTD

M2005/041029/07

In Business

9 Years 9 Months

0

No

 

THE RECLAMATION GROUP (PTY)LTD

M1998/021577/07

In Business

16 Years 4 Months

0

No

 

 

Principal Previous Business Interests

 

Average Age of Previous Business                                                        12 Years

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

AMHAPPY 117 INVESTMENT HOLDINGS CC

B2004/051900/23

Deregistration Final

10 Years 10 Months

0

No

 

MAXITRADE 21 GENERAL TRADING (PTY)LTD

M2003/023278/07

Deregistration Final

11 Years 11 Months

0

No

 

MUREC CRUSHING AND MILLING (PTY)LTD

M2000/010591/07

In Business

14 Years 2 Months

0

No

 

NATIONAL SCRAP METAL (CAPE TOWN) (PTY)LTD

M1998/019293/07

In Business

16 Years 4 Months

0

No

 

 

 

Principal Deeds Information

 

Property Interests for HARRY KASSEL

 

Title Deed No.

T30046/2010

Erf/Site No.

2

Deeds Office

PRETORIA

Physical Address

72 5TH INANDA SANDTON

Property Type

E

Extent / Size

 

Purchase Date

2009/08/11

Purchase price

R 3650000.00

% Ownership

0.00

Bond Holder

 

Bond Number

I-21872007AT

Bond Amount

R 0.00

 

Principal - 2 of 8 DARSHAN DAYA

 

Surname

DAYA

First Name

DARSHAN

Other Names

None

Marital Status

 

ID Number

7801145042085

Verified ID Number

Yes

Current Age

36 Years 5 Months

Designation

DIRECTOR

Status

Active

Appointment Date

2008/08/01

Physical Address (at time of Appointment)

58 ROSSWELL STREET, BLUE VALLEY GOLF ESTATE, MIDRAND, 1685

Postal Address

P O BOX 2801, HALFWAY HOUSE, 1685

Current Tel Number

0113013000

Cell number

0823070080

Shareholding/Membership

0.00

 

Principal's Adverse - No information on record

 

Business Information for DARSHAN DAYA

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

CAPITALWORKS EQUITY PARTNERS (PTY)LTD

M2006/038989/07

In Business

8 Years 8 Months

0

No

 

CAPITALWORKS INVESTMENT MANAGEMENT (PTY)LTD

M2007/019707/07

In Business

7 Years 7 Months

0

No

 

CAPITALWORKS INVESTMENT MANAGEMENT ADVISOR (PTY)LTD

M2007/032710/07

In Business

7 Years 7 Months

0

No

 

CAPITALWORKS INVESTMENT MANAGEMENT GP (PTY)LTD

M2007/032717/07

In Business

7 Years 7 Months

0

No

 

CAPITALWORKS INVESTMENT PARTNERS (PTY)LTD

M2006/016962/07

In Business

8 Years 8 Months

0

No

 

CAPITALWORKS PRIVATE EQUITY ADVISOR (PTY)LTD

M2007/006582/07

In Business

7 Years 7 Months

0

No

 

CAPITALWORKS PRIVATE EQUITY GP (PTY)LTD

M2007/006614/07

In Business

7 Years 7 Months

0

No

 

CAPITALWORKS PRIVATE EQUITY GP II (PTY)LTD

K2012/165410/07

In Business

2 Years 2 Months

0

No

 

CAPITALWORKS PRIVATE EQUITY SP GP (PTY)LTD

M2008/014014/07

In Business

6 Years 6 Months

0

No

 

CAPITALWORKS REAL ESTATE PARTNERS (PTY)LTD

M2007/019431/07

In Business

7 Years 7 Months

0

No

 

CAPITALWORKS RESTRUCTURING PARTNERS (PTY)LTD

M2007/019692/07

In Business

7 Years 7 Months

0

No

 

CAPITALWORKS RESTRUCTURING PARTNERS ADVISOR (PTY)LTD

M2008/009890/07

In Business

6 Years 6 Months

0

No

 

LEXSHELL 834 INVESTMENTS (PTY)LTD

M2010/014985/07

In Business

4 Years 4 Months

0

No

 

RECLAMATION

HOLDINGS

(PTY)LTD

M2005/043852/07

In Business

9 Years 9 Months

0

No

 

SOUTH AFRICAN ENTERPRISE DEVELOPMENT (PTY)LTD

K2012/126976/07

In Business

2 Years 2 Months

0

No

 

THE NEW RECLAMATION GROUP (PTY)LTD

M2005/041029/07

In Business

9 Years 9 Months

0

No

 

THE SCIENTIFIC GROUP (PTY)LTD

M2010/017082/07

In Business

4 Years 4 Months

0

No

 

TUNDRAPHASE (PTY)LTD

K2011/117715/07

In Business

3 Years 3 Months

0

No

 

WALDOLEX (PTY)LTD

M2011/009663/07

In Business

3 Years 3 Months

0

No

 

 

Principal Previous Business Interests

 

Average Age of Previous Business                                                                    10 Years

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

CAPITAU HOLDINGS LTD

M2006/030178/06

In Business

8 Years 8 Months

0

No

 

DURO PRESSINGS (PTY)LTD

M2011/010030/07

Voluntary Liquidation

3 Years 3 Months

0

Yes

 

KELLY GROUP (S A) (PTY)LTD

1999/026249/07

In Business

15 Years 3 Months

0

No

 

KELLY GROUP LTD

M1999/026249/06

In Business

15 Years 3 Months

0

No

 

LOGOPT LTD

M1995/012378/06

Deregistration Final

19 Years 7 Months

0

No

 

MUST HAVE

INVESTMENTS

(PTY)LTD

M2001/012772/07

Voluntary Liquidation

13 Years 1 Months

0

Yes

 

NET1 MOBILE SOLUTIONS (PTY)LTD

M2006/009851/07

In Business

8 Years 8 Months

0

No

 

QUICK LEAP INVESTMENTS 417 (PTY)LTD

M2005/016635/07

Deregistration Final

9 Years 9 Months

0

No

 

VELA BUILDING SOLUTIONS (PTY)LTD

M2006/003257/07

In Business

8 Years 8 Months

0

No

 

WALDOCORP (PTY)LTD

M2011/009539/07

In Business

3 Years 3 Months

0

No

 

 


 

Principal Deeds Information

 

Property Interests for DARSHAN DAYA

Title Deed No.

ST126758/2002

Erf/Site No.

529,RE

Deeds Office

PRETORIA

Physical Address

138 CARMEN SANDOWN SANDTON

Property Type

U

Extent / Size

 

Purchase Date

2002/08/28

Purchase price

R 390000.00

% Ownership

0.00

Bond Holder

INVESTEC BANK LTD

Bond Number

SB883432002

Bond Amount

R 390000.00

 

Property Interests for DARSHAN DAYA

Title Deed No.

T6759/2011

Erf/Site No.

4

Deeds Office

PRETORIA

Physical Address

SUNSET ACRES SANDTON

Property Type

E

Extent / Size

 

Purchase Date

2010/10/27

Purchase price

R 4800000.00

% Ownership

0.00

Bond Holder

INVESTEC BANK LTD

Bond Number

B49212011

Bond Amount

R3310000.00

 

Principal - 3 of 8 QUINTON DICKS

Surname

Dicks

First Name

Quinton

Other Names

None

ID Number

6409285157084

Verified ID Number

Yes

Current Age

49 Years 9 Months

Designation

Director

Status

Active

Appointment Date

2008/08/01

Physical Address (at time of Appointment)

115 A ATHOL ROAD, ATHOL, 2196

Postal Address

115 A ATHOL ROAD, ATHOL, 2196

Current Tel Number

0112171573

Cell number

0823899813

Shareholding/Membership

0.00

 

Principal's Adverse - No information on record

 

Business Information for QUINTON DICKS

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

CONSOL GLASS (PTY)LTD

M2006/034503/07

In Business

8 Years 8 Months

0

No

 

CONSOL HOLDINGS (PTY)LTD

M2005/034965/07

In Business

9 Years 9 Months

0

No

 

CONSOL HOLDINGS LTD

M2005/034965/06

In Business

9 Years 9 Months

0

No

 

LIBERTY STAR CONSUMER HOLDINGS (PTY)LTD

M2005/019820/07

In Business

9 Years 9 Months

0

No

 

PRIMEDIA

HOLDINGS

(PTY)LTD

K2013/218170/07

In Business

1 Years 1 Months

0

No

 

RECLAMATION

HOLDINGS

(PTY)LTD

M2005/043852/07

In Business

9 Years 9 Months

0

No

 

RTT HOLDINGS (PTY)LTD

M2007/003495/07

In Business

7 Years 7 Months

0

No

 

 

Principal Previous Business Interests

 

Average Age of Previous Business                                                        12 Years

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

AFG HOLDINGS SOUTH AFRICA (PTY)LTD

M2000/029404/07

Deregistration Final

14 Years 2 Months

0

No

 

BRAIT ADVISORY SERVICES LTD

M1995/005372/06

Dissolved

19 Years 7 Months

0

No

 

BRAIT WORLDWIDE FOUNDER (PTY)LTD

M2001/012770/07

Deregistration Final

13 Years 1 Months

0

No

 

BRAIT WORLDWIDE LIQUIDITY (PTY)LTD

M2002/007642/07

In Business

 

0

No

 

BRAIT WORLDWIDE MANAGER (PTY)LTD

M2001/025989/07

In Business

13 Years 1 Months

0

No

 

BRAIT WORLDWIDE TRUSTEE(PTY)LTD

M2001/015166/07

Deregistration Process

13 Years 1 Months

0

No

 

METIER ADVISORY (PTY)LTD

M2005/005233/07

In Business

9 Years 9 Months

0

No

 

PAUL BOTHA INC

M1998/002350/21

In Business

16 Years 4 Months

0

No

 

RABIN VAN DEN BERG AND PELKOWITZ ADVISORY SERVICES (PTY)LTD

M1999/017244/07

Dissolved

15 Years 3 Months

0

No

 

REPATRIATE

INVESTMENTS

(PTY)LTD

M1999/004572/07

Voluntary Liquidation

15 Years 3 Months

0

Yes

 

RTT GROUP (PTY)LTD

M2007/003421/07

In Business

7 Years 7 Months

2

No

 

TRIPTERA

INVESTMENTS

(PTY)LTD

M1999/015694/07

In Business

15 Years 3 Months

0

No

 

 

Principal Deeds Information

 

Property Interests for QUINTON DICKS

 

Title Deed No.

T15880/2013

Erf/Site No.

121

Deeds Office

PIETERMARITZBURG

Physical Address

HAYFIELDS

Property Type

E

Extent / Size

2086.0SQM

Purchase Date

 

Purchase price

R 0.00

% Ownership

0.00

Bond Holder

 

Bond Number

K13942013S

Bond Amount

R 0.00

 

Principal - 4 of 8 CHAD SMART

 

Surname

SMART

First Name

CHAD

Other Names

LEONARD

ID Number

7210255080085

Verified ID Number

Yes

Current Age

41 Years 8 Months

Designation

DIRECTOR

Status

Active

Appointment Date

2008/08/01

Physical Address (at time of Appointment)

9 STRATTON ROAD, BEACONSFIELD, BUCKINGHAMSHIRE, UNITED KINGDOM HP9 1HR, 0000

Postal Address

PO BOX 781258, SANDTON, 2146

Current Tel Number

0113013003

Cell number

0823070077

Shareholding/Membership

0.00

 

Principal's Adverse - No information on record

 

Business Information for CHAD SMART

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

CAPITALWORKS REAL ESTATE PARTNERS (PTY)LTD

M2007/019431/07

In Business

7 Years 7 Months

0

No

 

CAPITALWORKS ADVISORY SERVICES (PTY)LTD

M2006/016979/07

In Business

8 Years 8 Months

0

No

 

CAPITALWORKS EQUITY PARTNERS (PTY)LTD

M2006/038989/07

In Business

8 Years 8 Months

0

No

 

CAPITALWORKS INVESTMENT MANAGEMENT (PTY)LTD

M2007/019707/07

In Business

7 Years 7 Months

0

No

 

CAPITALWORKS INVESTMENT MANAGEMENT ADVISOR (PTY)LTD

M2007/032710/07

In Business

7 Years 7 Months

0

No

 

CAPITALWORKS INVESTMENT MANAGEMENT GP (PTY)LTD

M2007/032717/07

In Business

7 Years 7 Months

0

No

 

CAPITALWORKS INVESTMENT PARTNERS (PTY)LTD

M2006/016962/07

In Business

8 Years 8 Months

0

No

 

CAPITALWORKS PRIVATE EQUITY ADVISOR (PTY)LTD

M2007/006582/07

In Business

7 Years 7 Months

0

No

 

CAPITALWORKS PRIVATE EQUITY GP (PTY)LTD

M2007/006614/07

In Business

7 Years 7 Months

0

No

 

CAPITALWORKS PRIVATE EQUITY SP GP (PTY)LTD

M2008/014014/07

In Business

6 Years 6 Months

0

No

 

CAPITALWORKS RESTRUCTURING PARTNERS (PTY)LTD

M2007/019692/07

In Business

7 Years 7 Months

0

No

 

CAPITALWORKS RESTRUCTURING PARTNERS ADVISOR (PTY)LTD

M2008/009890/07

In Business

6 Years 6 Months

0

No

 

CAPITALWORKS

SERVICES

(PTY)LTD

M2007/026667/07

In Business

7 Years 7 Months

0

No

 

CWRE PROPERTIES (PTY)LTD

M2007/026911/07

In Business

7 Years 7 Months

0

No

 

LEXSHELL 834 INVESTMENTS (PTY)LTD

M2010/014985/07

In Business

4 Years 4 Months

0

No

 

MUCH ASPHALT (PTY)LTD

M2011/010666/07

In Business

3 Years 3 Months

0

No

 

RECLAMATION

HOLDINGS

(PTY)LTD

M2005/043852/07

In Business

9 Years 9 Months

0

No

 

ROSOND (PTY)LTD

M2011/008355/07

Deregistration Process

3 Years 3 Months

0

No

 

ROSOND

HOLDINGS

(PTY)LTD

M2011/009457/07

In Business

3 Years 3 Months

0

No

 

THE NEW RECLAMATION GROUP (PTY)LTD

M2005/041029/07

In Business

9 Years 9 Months

0

No

 

THE SCIENTIFIC GROUP (PTY)LTD

M2010/017082/07

In Business

4 Years 4 Months

0

No

 

THINKMONEY (PTY)LTD

M2004/029728/07

In Business

10 Years 10 Months

0

No

 

VENTURECAPITAL WORKS (PTY)LTD

M2007/034780/07

In Business

7 Years 7 Months

0

No

 

VENTURECAPITAL WORKS ADVISOR (PTY)LTD

M2007/032248/07

In Business

7 Years 7 Months

0

No

 

WALDOCORP (PTY)LTD

M2011/009539/07

In Business

3 Years 3 Months

0

No

 

 

Principal Previous Business Interests

 

Average Age of Previous Business                                                        12 Years

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

AQUA INFORMATION STATION (PTY)LTD

M1998/014759/07

Deregistration Final

16 Years 4 Months

0

No

ARISTIS CONSULTING (PTY)LTD

M2002/004068/07

Deregistration Final

 

1

No

BASE TWO DIGITAL (PTY)LTD

M2002/021072/07

In Business

 

0

No

BRAIT CAPITAL PARTNERS TRUSTEES (PTY)LTD

M1998/010776/07

Voluntary Liquidation

16 Years 4 Months

0

Yes

BRAIT IV TEAM PARTNERSHIP GP (PTY)LTD

M2004/031306/07

In Business

10 Years 10 Months

0

No

BRAIT PRIVATE EQUITY GP IV (PTY)LTD

M2004/031310/07

In Business

10 Years 10 Months

0

No

CAPENSIS INVESTMENTS 51 (PTY)LTD

M1999/018396/07

Deregistration Final

15 Years 3 Months

0

No

EAGLEQUEST TRADING 8 (PTY)LTD

M2002/023216/07

In Business

 

0

No

FASTPULSE TRADING 426 (PTY)LTD

M2002/021098/07

In Business

 

0

No

HEEVER RUBBER AND TYRE (PTY)LTD

M2000/007179/07

In Business

14 Years 2 Months

0

No

HEEVER RUBBER INTERNATIONAL (PTY)LTD

M2003/014335/07

Deregistration Final

11 Years 11 Months

0

No

I-CORP CC

B1998/009991/23

Deregistration Final

16 Years 4 Months

0

No

INTERNET EXPRESS (PTY)LTD

M1998/006356/07

In Business

16 Years 4 Months

0

No

JAMANZI SOLUTIONS (PTY)LTD

M1999/005816/07

Deregistration Final

15 Years 3 Months

0

No

MIELIE MARKETING CC

B1998/001337/23

Deregistration Final

16 Years 4 Months

0

No

NET1 APPLIED TECHNOLOGIES SOUTH AFRICA LTD

2002/031446/06

In Business

 

0

No

PRIME CURE HEALTH (PTY)LTD

M1997/017429/07

In Business

17 Years 5 Months

0

No

PRIME CURE HOLDINGS (PTY)LTD

M2004/018598/07

In Business

10 Years 10 Months

0

No

QUANTUM LEAP INVESTMENTS 70 (PTY)LTD

M1999/019429/07

Deregistration Final

15 Years 3 Months

0

No

QUANTUM LEAP INVESTMENTS 73 (PTY)LTD

M1999/019491/07

Deregistration Final

15 Years 3 Months

0

No

ROOIBERG PLATINUM MINING (PTY)LTD

M1996/011323/07

Deregistration Final

18 Years 6 Months

0

No

SMART AND KINROSS CC

B1995/026557/23

Deregistration Final

19 Years 7 Months

0

No

SOUTH AFRICAN INTERNATIONAL BETTING NETWORK (PTY)LTD

M1995/009319/07

Deregistration Final

19 Years 7 Months

0

No

THE RECLAMATION GROUP (PTY)LTD

M1998/021577/07

In Business

16 Years 4 Months

0

No

WINDDOWN HOLDINGS (PTY)LTD

M1998/022803/07

Voluntary Liquidation

16 Years 4 Months

0

Yes

 

Principal - 5 of 8 GRAHAM WOLF

 

Surname

WOLF

First Name

GRAHAM

Other Names

None

ID Number

6904185158083

Verified ID Number

Yes

Current Age

45 Years 2 Months

Designation

DIRECTOR

Status

Active

Appointment Date

2006/09/12

Physical Address (at time of Appointment)

3 SUN VILLAS, VICKIE AVE, BENMORE, SANDTON, 2196

Postal Address

POSTNET SUITE 114, PRIVATE BAG X1, MELROSE NORTH, 2076

Shareholding/Membership

0.00

 

Principal's Adverse - No information on record

 

Business Information for GRAHAM WOLF

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

FORWARD

PROPERTIES

(PTY)LTD

M1998/016835/07

In Business

16 Years 4 Months

0

No

 

MAXSHELL128

INVESTMENTS

(PTY)LTD

M2007/001713/07

In Business

7 Years 7 Months

0

No

 

RECLAMATION

HOLDINGS

(PTY)LTD

M2005/043852/07

In Business

9 Years 9 Months

0

No

 

THE NEW RECLAMATION GROUP (PTY)LTD

M2005/041029/07

In Business

9 Years 9 Months

0

No

 

 

Principal Previous Business Interests

 

Average Age of Previous Business                                                                    13 Years

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

BONREC PROCESSING AND RECYCLING SERVICES (PTY)LTD

M2000/028054/07

In Business

14 Years 2 Months

0

No

 

FALCON ALUMINIUM ALLOYS (PTY)LTD

M2004/015017/07

In Business

10 Years 10 Months

0

No

 

FLAMING SILVER TRADING 163 (PTY)LTD

M2004/014635/07

In Business

10 Years 10 Months

0

No

 

HEEVER RUBBER AND TYRE (PTY)LTD

M2000/007179/07

In Business

14 Years 2 Months

0

No

 

HEEVER RUBBER INTERNATIONAL (PTY)LTD

M2003/014335/07

Deregistration Final

11 Years 11 Months

0

No

 

MAXITRADE 21 GENERAL TRADING (PTY)LTD

M2003/023278/07

Deregistration Final

11 Years 11 Months

0

No

 

NALEDI METALS (PTY)LTD

M1997/001528/07

In Business

17 Years 5 Months

0

No

 

RECLAM CHEMICALS (PTY)LTD

M2003/009453/07

In Business

11 Years 11 Months

0

No

 

RECLAMATION PROPERTY HOLDINGS (PTY)LTD

M1998/018164/07

In Business

16 Years 4 Months

0

No

 

THE RECLAMATION GROUP (PTY)LTD

M1998/021577/07

In Business

16 Years 4 Months

0

No

 

 

Principal Deeds Information

 

Property Interests for GRAHAM WOLF

 

Title Deed No.

T34671/2011

Erf/Site No.

1405

Deeds Office

PRETORIA

Physical Address

 

Property Type

E

Extent / Size

 

Purchase Date

2011/02/27

Purchase price

R 8500000.00

% Ownership

0.00

Bond Holder

 

Bond Number

 

Bond Amount

R 0.00

 

Principal - 6 of 8 JEREMY JOFFE

 

Surname

JOFFE

First Name

JEREMY

Other Names

MARK

ID Number

5909215006088

Verified ID Number

Yes

Current Age

54 Years 9 Months

Designation

DIRECTOR

Status

Active

Appointment Date

2006/05/18

Physical Address (at time of Appointment)

17 WINGFIELD AVENUE, BIRDHAVEN, JOHANNESBURG, 2196

Postal Address

POSTNET SUITE 114, PRIVATEBAG X1, PRIVATEBAG X1, MELROSE ARCH, 2076

Current Tel Number

0118806410

Cell number

0834621391

Shareholding/Membership

0.00

Principal's Adverse - No information on record

 

Business Information for JEREMY JOFFE

 

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

ECHO CANYON TRADING 58 (PTY)LTD

M2007/010104/07

In Business

7 Years 7 Months

0

No

 

EMERALD PANTHER INVESTMENTS 126 (PTY)LTD

K2012/209581/07

In Business

2 Years 2 Months

0

No

 

FALCON ALUMINIUM ALLOYS (PTY)LTD

M2004/015017/07

In Business

10 Years 10 Months

0

No

 

FERROFRAG (PTY)LTD

M1997/001323/07

In Business

17 Years 5 Months

0

No

 

FLAMING SILVER TRADING 163 (PTY)LTD

M2004/014635/07

In Business

10 Years 10 Months

0

No

 

HEEVER RUBBER AND TYRE (PTY)LTD

M2000/007179/07

In Business

14 Years 2 Months

0

No

 

MATUBA

RECLAMATION AND

RECYCLING

COMPANY

(PTY)LTD

M2000/009157/07

In Business

14 Years 2 Months

0

No

 

MAXSHELL128

INVESTMENTS

(PTY)LTD

M2007/001713/07

In Business

7 Years 7 Months

0

No

 

MUREC CRUSHING AND MILLING (PTY)LTD

M2000/010591/07

In Business

14 Years 2 Months

0

No

 

NATIONAL SCRAP METAL(CAPE TOWN) (PTY)LTD

M1998/019293/07

In Business

16 Years 4 Months

0

No

 

RECLAM

CHEMICALS

(PTY)LTD

M2003/009453/07

In Business

11 Years 11 Months

0

No

 

RECLAMATION

HOLDINGS

(PTY)LTD

M2005/043852/07

In Business

9 Years 9 Months

0

No

 

RECLAMATION PROPERTY HOLDINGS (PTY)LTD

M1998/018164/07

In Business

16 Years 4 Months

0

No

 

RED PEN 5

INVESTMENTS

(PTY)LTD

M2005/044379/07

In Business

9 Years 9 Months

0

No

 

THE NEW RECLAMATION GROUP (PTY)LTD

M2005/041029/07

In Business

9 Years 9 Months

0

No

 

WINDFALL 92

PROPERTIES

(PTY)LTD

K2012/042066/07

In Business

2 Years 2 Months

0

No

 

Z SCRAP (PTY)LTD

M2001/012338/07

In Business

13 Years 1 Months

0

No

 

 

Principal Previous Business Interests

 

Average Age of Previous Business                                                                                13 Years

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

ALL GLASS SOWETO (PTY)LTD

M1996/017476/07

Deregistration Final

18 Years 6 Months

0

No

 

CHARACTER CLOTHING CC

B1990/036726/23

Deregistration Process

 

0

No

 

CHICKS HOLDINGS (PTY)LTD

M1997/020480/07

In Business

17 Years 5 Months

0

No

 

JMG INDUSTRIES CC

B1999/070976/23

Deregistration Final

15 Years 3 Months

0

No

 

OLYMPUS

INTERNATIONAL CC

B1991/028544/23

Deregistration Final

23 Years 11 Months

0

No

 

RECLAM INVEST 101 (PTY)LTD

M2008/001713/07

Deregistration Final

6 Years 6 Months

0

No

 

THE RECLAMATION GROUP (PTY)LTD

M1998/021577/07

In Business

16 Years 4 Months

0

No

 

 


Principal Deeds Information

 

Property Interests for JEREMY JOFFE

Title Deed No.

ST25186/2008

Erf/Site No.

12577,0

Deeds Office

PIETERMARITZBURG

Physical Address

 

Property Type

U

Extent / Size

 

Purchase Date

2007/11/16

Purchase price

R 267000.00

% Ownership

0.00

Bond Holder

 

Bond Number

 

Bond Amount

R 0.00

 

Property Interests for JEREMY JOFFE

 

Title Deed No.

T97709/2008

Erf/Site No.

10

Deeds Office

PRETORIA

Physical Address

19 WINGFIELD BIRDHAVEN JOHANNESBURG

Property Type

E

Extent / Size

 

Purchase Date

2008/08/13

Purchase price

R 4500000.00

% Ownership

0.00

Bond Holder

 

Bond Number

 

Bond Amount

R 0.00

 

Property Interests for JEREMY JOFFE

Title Deed No.

ST25187/2008

Erf/Site No.

12577,0

Deeds Office

PIETERMARITZBURG

Physical Address

 

Property Type

U

Extent / Size

 

Purchase Date

2007/11/16

Purchase price

R 266000.00

% Ownership

0.00

Bond Holder

 

Bond Number

 

Bond Amount

R 0.00

 

Property Interests for JEREMY JOFFE

Title Deed No.

ST25188/2008

Erf/Site No.

12577,0

Deeds Office

PIETERMARITZBURG

Physical Address

 

Property Type

U

Extent / Size

 

Purchase Date

2007/11/16

Purchase price

R 267000.00

% Ownership

0.00

Bond Holder

 

Bond Number

 

Bond Amount

R 0.00

 

Principal - 7 of 8 MICHAEL GREEFF

 

Surname

GREEFF

First Name

MICHAEL

Other Names

None

Marital Status

 

ID Number

6611245117088

Verified ID Number

Yes

Current Age

47 Years 7 Months

Designation

DIRECTOR

Status

Active

Appointment Date

2005/12/13

Physical Address (at time of Appointment)

107 MOOLOOLAH DRIVE, MINYAMA, QUEENSLAND, AUSTRALIA, 4575

Postal Address

107 MOOLOOLAH DRIVE, MINYAMA QLD, 4575, AUSTRALIA,

Current Tel Number

0118806410

Cell number

0836320220

Shareholding/Membership

0.00

 

Principal's Adverse - No information on record

 

Business Information for MICHAEL GREEFF

 

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

FIREFLY

INVESTMENTS 27 (PTY)LTD

M2004/019653/07

In Business

10 Years 10 Months

0

No

 

MIKE GREEFF AND ASSOCIATES

6611245117088

 

Unknown

0

No

 

MIKE GREEFF PROPERTIES CC

B1989/023969/23

Deregistration Process

25 Years 1 Months

0

No

 

RECLAMATION

HOLDINGS

(PTY)LTD

M2005/043852/07

In Business

9 Years 9 Months

0

No

 

THE NEW RECLAMATION GROUP (PTY)LTD

M2005/041029/07

In Business

9 Years 9 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

BONREC PROCESSING AND RECYCLING SERVICES (PTY)LTD

M2000/028054/07

In Business

14 Years 2 Months

0

No

 

BOXCON AFRICA (PTY)LTD

M2001/001190/07

In Business

13 Years 1 Months

0

No

 

ECHO CANYON TRADING 58 (PTY)LTD

M2007/010104/07

In Business

7 Years 7 Months

0

No

 

FALCON ALUMINIUM ALLOYS (PTY)LTD

M2004/015017/07

In Business

10 Years 10 Months

0

No

 

FLAMING SILVER TRADING 163 (PTY)LTD

M2004/014635/07

In Business

10 Years 10 Months

0

No

 

FORWARD

PROPERTIES

(PTY)LTD

M1998/016835/07

In Business

16 Years 4 Months

0

No

 

GREYSTONE

INVESTMENTS

(PTY)LTD

M2003/009450/07

Deregistration Final

11 Years 11 Months

0

No

 

HEEVER RUBBER AND TYRE (PTY)LTD

M2000/007179/07

In Business

14 Years 2 Months

0

No

 

HEEVER RUBBER INTERNATIONAL (PTY)LTD

M2003/014335/07

Deregistration Final

11 Years 11 Months

0

No

 

LEXUS METALS (PTY)LTD

M1993/007943/07

Deregistration Final

21 Years 9 Months

0

No

 

MATUBA

RECLAMATION AND RECYCLING COMPANY (PTY)LTD

M2000/009157/07

In Business

14 Years 2 Months

0

No

 

MAXITRADE 21 GENERAL TRADING (PTY)LTD

M2003/023278/07

Deregistration Final

11 Years 11 Months

0

No

 

MAXSHELL128

INVESTMENTS

(PTY)LTD

M2007/001713/07

In Business

7 Years 7 Months

0

No

 

MUREC CRUSHING AND MILLING (PTY)LTD

M2000/010591/07

In Business

14 Years 2 Months

0

No

 

NALEDI METALS (PTY)LTD

M1997/001528/07

In Business

17 Years 5 Months

0

No

 

NATIONAL METAL

PROPERTIES

(PTY)LTD

M1951/003624/07

In Business

63 Years 3 Months

0

No

 

NATIONAL SCRAP METAL (CAPE TOWN) (PTY)LTD

M1998/019293/07

In Business

16 Years 4 Months

0

No

 

RECLAM CHEMICALS (PTY)LTD

M2003/009453/07

In Business

11 Years 11 Months

0

No

 

RECLAMATION PROPERTY HOLDINGS (PTY)LTD

M1998/018164/07

In Business

16 Years 4 Months

0

No

 

RED PEN 5

INVESTMENTS

(PTY)LTD

M2005/044379/07

In Business

9 Years 9 Months

0

No

 

THE RECLAMATION GROUP (PTY)LTD

M1998/021577/07

In Business

16 Years 4 Months

0

No

 

THE SOUTH AFRICAN RUBBER RECYCLING ASSOCIATION

M2000/016390/08

Deregistration Process

14 Years 2 Months

0

No

 

THERMAL HOMES CC

B1994/031666/23

Deregistration Process

20 Years 8 Months

0

No

 

VALLERY ROAD AGENCY CC

B1991/005278/23

Deregistration Final

23 Years 11 Months

0

No

 

ZULULAND WASTE COLLECTORS CC

B1993/000370/23

Deregistration Process

21 Years 9 Months

0

No

 

 

Principal Deeds Information

 

Property Interests for MICHAEL GREEFF

 

Title Deed No.

T38696/2007

Erf/Site No.

224

Deeds Office

PIETERMARITZBURG

Physical Address

22 DIAGONAL SUNWICH PORT

Property Type

F

Extent / Size

297.00000000

Purchase Date

 

Purchase price

R 0.00

% Ownership

0.00

Bond Holder

 

Bond Number

 

Bond Amount

R 0.00

 

Property Interests for MICHAEL GREEFF

 

Title Deed No.

T8085/2006

Erf/Site No.

223

Deeds Office

PIETERMARITZBURG

Physical Address

21 MONTGOMERY SUNWICH PORT

Property Type

F

Extent / Size

297.00000000

Purchase Date

 

Purchase price

R 0.00

% Ownership

0.00

Bond Holder

 

Bond Number

 

Bond Amount

R 0.00

 

Principal - 8 of 8 DAVID KASSEL

 

Surname

KASSEL

First Name

DAVID

Other Names

None

ID Number

4803305033089

Verified ID Number

Yes

Current Age

66 Years 3 Months

Designation

DIRECTOR

Status

Active

Appointment Date

2005/12/13

Physical Address (at time of Appointment)

205 SAVILLE ROAD, MORNINGSIDE MANOR, 0000

Postal Address

POSTNET SUITE 114, PRIVATE BAG 1, MELROSE ARCH, JOHANNESBURG, 2076

Current Tel Number

0118806410

Cell number

0832544002

Shareholding/Membership

0.00

 

Principal's Adverse - No information on record

 

Business Information for DAVID KASSEL

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

BIG PUMP MINING AND EXPLORATION (PTY)LTD

M2007/025877/07

In Business

7 Years 7 Months

0

No

 

DOUGLAS BARLOW INVESTMENTS CC

B1986/015625/23

Deregistration Process

28 Years 4 Months

0

No

 

FORWARD

PROPERTIES

(PTY)LTD

M1998/016835/07

In Business

16 Years 4 Months

0

No

 

HEEVER RUBBER AND TYRE (PTY)LTD

M2000/007179/07

In Business

14 Years 2 Months

0

No

 

LENKAS

PROPERTIES CAPE (PTY)LTD

M1988/000690/07

In Business

26 Years 2 Months

0

No

 

MAXSHELL128

INVESTMENTS

(PTY)LTD

M2007/001713/07

In Business

7 Years 7 Months

0

No

 

MRX 61 INVESTMENT HOLDINGS (PTY)LTD

M2005/038808/07

In Business

9 Years 9 Months

0

No

 

MUREC CRUSHING AND MILLING (PTY)LTD

M2000/010591/07

In Business

14 Years 2 Months

0

No

 

NALEDI METALS (PTY)LTD

M1997/001528/07

In Business

17 Years 5 Months

0

No

 

NATIONAL SCRAP METAL(CAPE TOWN) (PTY)LTD

M1998/019293/07

In Business

16 Years 4 Months

0

No

 

RECLAMATION

HOLDINGS

(PTY)LTD

M2005/043852/07

In Business

9 Years 9 Months

0

No

 

RECLAMATION PROPERTY HOLDINGS (PTY)LTD

M1998/018164/07

In Business

16 Years 4 Months

0

No

 

RED PEN 5

INVESTMENTS

(PTY)LTD

M2005/044379/07

In Business

9 Years 9 Months

0

No

 

THE NEW RECLAMATION GROUP (PTY)LTD

M2005/041029/07

In Business

9 Years 9 Months

0

No

 

TILGAR

PROPERTIES CC

B1996/016736/23

Unknown Data

18 Years 6 Months

0

No

 

 

Principal Previous Business Interests

 

Average Age of Previous Business                                                               22 Years

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

ALRODE SCRAP METAL CC

B1996/000369/23

Deregistration Final

18 Years 6 Months

1

No

 

BOIZ METAL AGENTS (PTY)LTD

M1986/003752/07

Deregistration Final

28 Years 4 Months

0

No

 

BONREC PROCESSING AND RECYCLING SERVICES (PTY)LTD

M2000/028054/07

In Business

14 Years 2 Months

0

No

 

BOXCON AFRICA (PTY)LTD

M2001/001190/07

In Business

13 Years 1 Months

0

No

 

BULLION HOLDINGS (PTY)LTD

M1987/001067/07

Deregistration Final

27 Years 3 Months

0

No

 

FRANJO DIAMOND CUTTING WORKS CC

B1992/024995/23

In Business

22 Years 10 Months

0

No

 

GREYSTONE

INVESTMENTS

(PTY)LTD

M2003/009450/07

Deregistration Final

11 Years 11 Months

0

No

 

HEEVER RUBBER INTERNATIONAL (PTY)LTD

M2003/014335/07

Deregistration Final

11 Years 11 Months

0

No

 

LENCA FERROUS

PROCESSORS

(PTY)LTD

M1982/007516/07

Deregistration Final

32 Years 8 Months

0

No

 

LENKAS METALS (PTY)LTD

M1998/013081/07

Deregistration Final

16 Years 4 Months

0

No

 

LENKAS PRECIOUS METAL RECOVERIES (PTY)LTD

M1986/003653/07

Deregistration Final

28 Years 4 Months

0

No

 

LEXUS METALS (PTY)LTD

M1993/007943/07

Deregistration Final

21 Years 9 Months

0

No

 

MATUBA

RECLAMATION AND RECYCLING COMPANY (PTY)LTD

M2000/009157/07

In Business

14 Years 2 Months

0

No

 

NATIONAL METAL

PROPERTIES

(PTY)LTD

M1951/003624/07

In Business

63 Years 3 Months

0

No

 

POWERMET (PTY)LTD

M1984/001862/07

In Business

30 Years 6 Months

0

No

 

ROGOFF MINING CC

B1987/028883/23

Deregistration Final

27 Years 3 Months

0

No

 

THE RECLAMATION GROUP (PTY)LTD

M1998/021577/07

In Business

16 Years 4 Months

0

No

 

THE SOUTH AFRICAN RUBBER RECYCLING ASSOCIATION

M2000/016390/08

Deregistration Process

14 Years 2 Months

0

No

 

TILLGAR PROPERTIES (PTY)LTD

M1998/018471/07

Deregistration Final

16 Years 4 Months

0

No

 

TSWANA METALS (PTY)LTD

M1983/070083/07

Deregistration Final

31 Years 7 Months

0

No

 

UMZINTO PROPERTY HOLDINGS CC

B1989/021354/23

Deregistration Final

25 Years 1 Months

0

No

 

ZALESKA

EXPLORATION

(PTY)LTD

M1987/005593/07

Deregistration Process

27 Years 3 Months

0

No

 

 

Principal Deeds Information

 

Property Interests for DAVID KASSEL

Title Deed No.

T127874/2003

Erf/Site No.

90

Deeds Office

PRETORIA

Physical Address

70 4TH INANDA SANDTON

Property Type

E

Extent / Size

 

Purchase Date

2003/07/17

Purchase price

R 4800000.00

% Ownership

0.00

Bond Holder

 

Bond Number

 

Bond Amount

R 0.00

 

Property Interests for DAVID KASSEL

Title Deed No.

T36851/2006

Erf/Site No.

312

Deeds Office

PRETORIA

Physical Address

DITSOBOTLA RURAL

Property Type

F

Extent / Size

 

Purchase Date

 

Purchase price

R 0.00

% Ownership

0.00

Bond Holder

 

Bond Number

K2161988S

Bond Amount

R 0.00

 

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.60.11

UK Pound

1

Rs.102.32

Euro

1

Rs.81.75

 

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

MNL

 

 

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

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NB

                                       New Business

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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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.