|
Report Date : |
30.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
BRUDACO
AUTOMOTIVE (PTY)LTD |
|
|
|
|
Formerly Known As : |
AUTO QUIT (PTY)LTD |
|
|
|
|
Registered Office : |
61 Trump Street, Selby, Johannesburg, 2091 |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
07.07.1975 |
|
|
|
|
Com. Reg. No.: |
M1975/002168/07 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
· Distributor of Car Parts · Wholesalers of Motor Spare Parts · importer and distributor of Quality Guaranteed Auto Parts to the Southern Africa Motor spares Aftermarket Industry. Subject
product ranges includes : · Steering And Suspension Parts · Rubber Mountings And Bushes · Bearings And Bearing Kits · Oil Seals · Thrust Bearings · Hydraulic Repair Kits · Hydraulic Piston Kits · Complete Cylinders · Hydraulic Brake Hose · Control Cables · CV Joints · CV And Steering Rack Boots · Fuel Line And Heater Hose · Radiator Hose · Wheel Hubs · Polyurethane Suspension Bushes |
|
|
|
|
No of Employees : |
210 |
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 – 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 |
BRUDACO AUTOMOTIVE (PTY)LTD |
|
Country |
South Africa |
|
Subject Contact Person |
URSULA - Accountant |
|
Assessment |
This is an established company. On investigation contact was made with URSULA the accountant who assisted with all of the required information. The subject is meeting commitments timeously with suppliers. We are awaiting 2 further trade references. We are awaiting a bank code. Please see the available information on the subject below. |
|
Registered Name |
BRUDACO AUTOMOTIVE (PTY)LTD |
|
Trading as/ Division Name |
PARTQUIP & AIRLINE |
|
Previous Name |
AUTO QUIT (PTY)LTD |
|
Date of Name Change |
2013-10-21 |
|
Registration Number |
M1975/002168/07 |
|
Registration Date |
1975/07/07 |
|
Date Commenced Trading |
1975-07-07 |
|
Age of Business |
38 Years 11 Months |
|
History of Business |
The company was established 38 Years 11 Months ago under the name AUTO QUIT (PTY)LTD. The subject underwent a name change 6 months ago and is now called BRUDACO AUTOMOTIVE (PTY)LTD. |
|
History of Principals |
There are 2 active directors of the company |
|
Shareholders/Members/Partners of subject and % holding |
50 % - CASSIAN D'ARCY COQUELLE, 50 % - CARL ROGERS |
|
Authorised Share Capital |
R 0.00 |
|
Issued Share Capital/Members Contribution |
R 0.00 |
|
Status |
In Business |
|
Operations Assessment |
· The subject operates as a Distributor of Car Parts. · importer and distributor of Quality Guaranteed Auto Parts to the Southern Africa Motor spares Aftermarket Industry. |
|
Industry/ Customers |
Wholesalers of Motor Spare Parts |
|
Export |
Yes |
|
Import |
Yes |
|
Major Industry Code / SICC |
9000 |
|
Definition of Code |
Other activities not adequately defined. |
|
Product Details |
· Steering And Suspension Parts · Rubber Mountings And Bushes · Bearings And Bearing Kits · Oil Seals · Thrust Bearings · Hydraulic Repair Kits · Hydraulic Piston Kits · Complete Cylinders · Hydraulic Brake Hose · Control Cables · CV Joints · CV And Steering Rack Boots · Fuel Line And Heater Hose · Radiator Hose · Wheel Hubs · Polyurethane Suspension Bushes |
|
Head Office Physical Address |
61 TRUMP STREET, SELBY, JOHANNESBURG, 2091 |
|
Head Office Postal Address |
P O BOX 260642, EXCOM, JOHANNESBURG, 2023 |
|
Current Tel Number |
0116347600 |
|
Cell Number |
Unavailable |
|
Current Fax Number |
0114933131 |
|
Current Email Address |
|
|
Web Site Address |
Unavailable |
|
Company Registered Name |
MAZARS MOORES ROWLAND (PTY) LTD |
|
Trading Name |
MAZARS MOORES ROWLAND |
|
Registration Number |
M2005/025794/07 |
|
Physical Address |
30 Bird Street, Central, Port Elizabeth, EASTERN CAPE, 6001 |
|
Postal Address |
P O BOX 285, PORT ELIZABETH, 6000 |
|
Contact Person |
HERSCHER |
|
Contact Number |
0415019700 |
|
Email |
Unavailable |
|
Principals |
1 |
|
Judgements Against Subject |
None On Record |
|
Judgements Against Principals |
None On Record |
|
Subject Verified as Client |
Yes |
|
Practice Number |
908479E |
|
VAT Number |
4860231366 |
|
Tax Number |
9814795143 |
|
BEE Status |
Unavailable |
|
Financial Year End |
August |
|
No of years in Business |
6 Years 9 Months |
Previous Auditors Information - No Information on Record
|
Vat Number |
4720101734 |
|
Status |
ACTIVE |
|
Vat Liable Date |
1991/09/30 |
|
Tax Number |
9800048713 |
|
Financial Year End |
June |
Black Economic Empowerment Information - No Information
on Record
ISO Status
|
Type of ISO Grade |
Unavailable |
|
ISO Certificate |
Yes |
|
ISO Certificate Available |
No |
|
Certified by an Accredited Agent |
Yes |
|
Registered |
Yes |
|
Compliance Certified |
Yes |
Subsidiaries
Information - No Information on Record
Employees
|
Number of Employees |
210 |
|
1. Salaried employees |
210 |
|
2. Waged employees |
0 |
|
3. Permanent employees |
210 |
|
4. Casual employees |
0 |
|
5. Contracted employees |
0 |
|
Company Fleet |
No of vehicles: |
Owned/Leased |
Value |
Outstanding Balance |
|
Fleet Operations |
|
|
|
|
|
The Fleet is made up of |
106 |
|||
|
Other |
102 |
Owned |
|
|
|
Fork Lifts |
4 |
Owned |
|
|
|
Offices |
Offices |
|
Head Office Owned/ Rented |
Owned |
|
Owned by |
BRUDACO AUTOMOTIVE (PTY)LTD |
|
Value |
R18000000.00 |
|
Type of Premises |
Office block & warehouse |
|
Branches Names |
Country |
Province |
|
PARTQUIP |
South Africa |
Durban |
|
AIRLINE |
South Africa |
Cape Town |
|
Type of Premises |
Office block and warehouse |
Organisation Chart
|
Holding |
Company |
Sub |
Comment |
|
50 % - CASSIAN
D'ARCY COQUELLE |
BRUDACO AUTOMOTIVE (PTY)LTD |
None |
|
|
50 % - CARL ROGERS |
BRUDACO AUTOMOTIVE (PTY)LTD |
None |
|
Company Structure
(Ownership)
Note: One level up and all
levels down
|
Level |
Position |
Name |
Comment |
|
1 |
Director |
CASSIAN D'ARCY COQUELLE |
|
|
1 |
Director |
CARL ROGERS |
|
Key Deals - No
Information on Record
|
Trade Reference nr |
Supplier |
Contact |
Surety Value |
Notarial Bonds |
Comment |
|
1 |
ABBE |
0113974070 |
|
|
|
|
2 |
AE SYSTEMS |
0114524534 |
|
|
Awaiting Trade Reference |
|
3 |
CAMERA PRESS |
0113343815 |
|
|
|
|
4 |
EPX |
010207122 |
|
|
Awaiting Trade Reference |
|
Nr |
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
|
1 |
12 Years |
R 5000000.00 |
R 3000000 |
30 Days |
R 500000 |
30 Days |
Excellent account |
|
2 |
|
|
|
|
|
|
|
|
3 |
8 Years |
|
|
30 Days |
R 400000 |
30 Days |
Very good account .The subject has and open account with the supplier.
The max limit was however declined |
|
4 |
|
|
|
|
|
|
|
Judgements - No
information on record
Business Rescue - No
Information on Record
Default Listing - No
information on record
Notarial Bonds - No
information on record
|
Bank |
ABSA |
|
Branch |
SANDTON |
|
Brach Code |
632005 |
|
Bank Account Number |
4053280257 |
|
Type of Account |
CHEQUE |
|
Account Name |
BRUDACO AUTOMOTIVE (PTY)LTD |
|
Overdraft Facilities |
YES |
|
Bank Code |
Awaiting a bank code |
Bank Code History - No Information on Record
Previous Bank Account Information - No Information on
Record
Deeds Information - No information on record
|
Previous Year Turnover |
R 700000000.00 |
|
Estimated Current Year Turnover |
R 660000000.00 |
|
Current Turnover per month |
R 54000000.00 |
|
Current Turnover per annum |
R 648000000.00 |
|
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 |
45 |
Active Principals
Principal - 1 of 2 CASSIAN COQUELLE
|
Surname |
COQUELLE |
|
First Name |
CASSIAN |
|
Other Names |
None |
|
ID Number |
7511285051081 |
|
Verified ID Number |
Yes |
|
Current Age |
38 Years 7 Months |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2012/01/18 |
|
Physical Address (at time of Appointment) |
25 HIGHWICH ROAD, KENNILWORTH, CAPE TOWN, 8000 |
|
Postal Address |
P O BOX 3667, CAPE TOWN, 8000 |
|
Current Tel Number |
0214615218 |
|
Cell number |
0823353751 |
|
Shareholding/Membership |
50 % |
Principal's Adverse -
No information on record
Business Information
for CASSIAN COQUELLE
Principal Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
AUTOQUIP ALBERTON (PTY)LTD |
M1982/003629/07 |
In Business |
32 Years 8 Months |
0 |
No |
|
AUTOQUIP BLOEMFONTEIN (PTY)LTD |
M1981/003783/07 |
In Business |
33 Years 9 Months |
0 |
No |
|
AUTOQUIP BOKSBURG (PTY)LTD |
M2009/006986/07 |
In Business |
5 Years 5 Months |
0 |
No |
|
AUTOQUIP C B D (PTY)LTD |
M2009/006945/07 |
In Business |
5 Years 5 Months |
0 |
No |
|
AUTOQUIP FOURWAYS (PTY)LTD |
M2009/006142/07 |
In Business |
5 Years 5 Months |
0 |
No |
|
AUTOQUIP RETAIL (PTY)LTD |
M1981/006292/07 |
In Business |
33 Years 9 Months |
0 |
No |
|
AUTOQUIP TYGERVALLEY (PTY)LTD |
M1988/003181/07 |
In Business |
26 Years 2 Months |
1 |
No |
|
AUTOQUIP WELKOM (PTY)LTD |
M1989/000942/07 |
In Business |
25 Years 1 Months |
0 |
No |
|
BRUDACO AUTOMOTIVE (PTY)LTD |
M1975/002168/07 |
In Business |
39 Years 3 Months |
0 |
No |
|
PARTQUIP GROUP (PTY)LTD |
M1987/002838/07 |
In Business |
27 Years 3 Months |
0 |
No |
Principal Previous Business Interests
Average Age of Previous Business 15 Years
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
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 CASSIAN COQUELLE
|
Title Deed No. |
T25538/2014 |
Erf/Site No. |
175970 |
|
Deeds Office |
CAPE TOWN |
Physical Address |
CAPE TOWN |
|
Property Type |
E |
Extent / Size |
1982.0SQM |
|
Purchase Date |
2014/02/21 |
Purchase price |
R21000000.00 |
|
% Ownership |
0.00 |
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
R 0.00 |
|
Property Interests for CASSIAN COQUELLE |
|||
|
Title Deed No. |
T106558/2002 |
Erf/Site No. |
164796 |
|
Deeds Office |
CAPE TOWN |
Physical Address |
4 PEFFERS CAPE TOWN |
|
Property Type |
F |
Extent / Size |
95.00000000 |
|
Purchase Date |
2002/07/27 |
Purchase price |
R 369000.00 |
|
% Ownership |
0.00 |
Bond Holder |
NEDCOR BANK LTD |
|
Bond Number |
B729632002 |
Bond Amount |
R 293000.00 |
|
Property Interests for CASSIAN COQUELLE |
|||
|
Title Deed No. |
T2437/2007 |
Erf/Site No. |
55742 |
|
Deeds Office |
CAPE TOWN |
Physical Address |
2 WRAYSBURY CAPE TOWN |
|
Property Type |
F |
Extent / Size |
776.00000000 |
|
Purchase Date |
2006/10/08 |
Purchase price |
R 2600000.00 |
|
% Ownership |
0.00 |
Bond Holder |
INVESTEC BANK LTD |
|
Bond Number |
B30602007 |
Bond Amount |
R 2200000.00 |
|
Property Interests for CASSIAN COQUELLE |
|||
|
Title Deed No. |
T88766/2004 |
Erf/Site No. |
53455 |
|
Deeds Office |
CAPE TOWN |
Physical Address |
19 HEREFORD CAPE TOWN |
|
Property Type |
F |
Extent / Size |
351.00000000 |
|
Purchase Date |
2004/07/04 |
Purchase price |
R 977000.00 |
|
% Ownership |
0.00 |
Bond Holder |
NEDBANK LTD |
|
Bond Number |
B725282004 |
Bond Amount |
R 800000.00 |
Principal - 2 of 2
C ROGERS
|
Surname |
ROGERS |
|
First Name |
C |
|
Other Names |
None |
|
ID Number |
6206235204002 |
|
Verified ID Number |
Yes |
|
Current Age |
52 Years |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
1997/06/24 |
|
Physical Address (at time of Appointment) |
16 PAGODA CRESCENT, FOURWAY GARDENS, FOURWAYS, SANDTON, 2055 |
|
Postal Address |
P O BOX 390, FOURWAYS, 2001 |
|
Current Tel Number |
0116347600 |
|
Cell number |
Unavailable |
|
Shareholding/Membership |
50 % |
Principal's Adverse -
No information on record
Business Information
for C ROGERS
Principal Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
AUTOQUIP ALBERTON (PTY)LTD |
M1982/003629/07 |
In Business |
32 Years 8 Months |
0 |
No |
|
AUTOQUIP BLOEMFONTEIN (PTY)LTD |
M1981/003783/07 |
In Business |
33 Years 9 Months |
0 |
No |
|
AUTOQUIP BOKSBURG (PTY)LTD |
M2009/006986/07 |
In Business |
5 Years 5 Months |
0 |
No |
|
AUTOQUIP C B D (PTY)LTD |
M2009/006945/07 |
In Business |
5 Years 5 Months |
0 |
No |
|
AUTOQUIP FOURWAYS (PTY)LTD |
M2009/006142/07 |
In Business |
5 Years 5 Months |
0 |
No |
|
AUTOQUIP RETAIL (PTY)LTD |
M1981/006292/07 |
In Business |
33 Years 9 Months |
0 |
No |
|
AUTOQUIP TYGERVALLEY (PTY)LTD |
M1988/003181/07 |
In Business |
26 Years 2 Months |
1 |
No |
|
AUTOQUIP WELKOM (PTY)LTD |
M1989/000942/07 |
In Business |
25 Years 1 Months |
0 |
No |
|
BRUDACO AUTOMOTIVE (PTY)LTD |
M1975/002168/07 |
In Business |
39 Years 3 Months |
0 |
No |
|
ERF 288 SABIEPARK CC |
B2005/050747/23 |
In Business |
9 Years 9 Months |
0 |
No |
|
PART CONCEPTS (PTY)LTD |
M1986/002870/07 |
In Business |
28 Years 4 Months |
0 |
No |
|
PARTQUIP GROUP (PTY)LTD |
M1987/002838/07 |
In Business |
27 Years 3 Months |
0 |
No |
Principal Deeds
Information
Property Interests
for C ROGERS
|
Title Deed No. |
T60675/1991 |
Erf/Site No. |
1598 |
|
Deeds Office |
PRETORIA |
Physical Address |
16 PAGODA RANDBURG |
|
Property Type |
F |
Extent / Size |
376700.00000000 |
|
Purchase Date |
1991/06/04 |
Purchase price |
R 85000.00 |
|
% Ownership |
0.00 |
Bond Holder |
NEDCOR BANK LTD |
|
Bond Number |
B39431994 |
Bond Amount |
R 60000.00 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.10 |
|
UK Pound |
1 |
Rs.102.40 |
|
Euro |
1 |
Rs.81.88 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUM |
|
|
|
|
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 |
|
-- |
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.