|
Report Date : |
10.03.2014 |
IDENTIFICATION DETAILS
|
Name : |
REBAR MESH AND CONSTRUCTION SUPPLIES (PTY) LTD |
|
|
|
|
Registered Office : |
21
Commercial Business Park, Seller Road, Midrand, 1685 |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
28.08.1995 |
|
|
|
|
Com. Reg. No.: |
M1995/009050/07 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Subject
supplies the South African construction industry with a range of products
such as Automatic Rebar Fixing Tools, Bolt And Nut Protection Caps, Bosch
Scanners For Metal and Rebar Detection, Brecon Electrical Control Systems,
Brecon Frequency Converters, Casing End Seals, Casing Spacers and
Centralisers, Rebar Centraliser, Concrete Rebar Chair Spacers or Concrete
Cover Blocks, Core Drilling Machines, Corner Fillets or Camphers, Corner
Cover Blocks Or Rebar Chair Spacers, Damp Course, Duocon Centralisers,
Eibenstock ETS 225 Drywall Snader, External Vibrators For The Concrete
Compaction Industry, External Vibrators For The Conveyer Industry, Ferrule
Push-On Cones, Fibre Concrete, Fibre Cement, Cover Blocks, Flange Band
Protectors, Flange Insulating Gasket Kits, Flange Protector Grease, Flush
Cutting Saw, Hammer Cushion Pads, Penetration Seals, Insulating Sleeves and
Washers |
|
|
|
|
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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
South Africa |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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, 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. Unemployment, poverty, and inequality remain a challenge, with
official unemployment at nearly 25% of the work force. Eskom, the state-run
power company, 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 |
REBAR
MESH AND CONSTRUCTION SUPPLIES (PTY)LTD |
|
Country |
South
Africa |
|
Subject
Contact Person |
CHRISTA
HEUNS - Administrator |
|
Assessment |
This
is an established business. On investigation we made contact with CHRISTA HEUNS,
the administrator who advised that the Financial Director is currently out of
the Country. He will be available in him in two weeks when he should be able
to assist with the required information. Please see the available information
obtained below. |
|
Registered
Name |
REBAR
MESH AND CONSTRUCTION SUPPLIES (PTY)LTD |
|
Trading
as/ Division Name |
RMCS |
|
Previous
Name |
None |
|
Date
of Name Change |
None |
|
Registration
Number |
M1995/009050/07 |
|
Registration
Date |
1995/08/28 |
|
Date
Commenced Trading |
1995-08-28 |
|
Age
of Business |
18
Years 7 Months |
|
History
of Business |
REBAR
MESH AND CONSTRUCTION SUPPLIES (PTY)LTD was registered in 1995. The company was
initially established to address the need to supply solutions for the rebar
and concrete and precast industry. RMCS expanded into other sectors of the
construction. RMCS together with its international partners supply the South
African construction industry with a range of number one products in its
class. The subjects deals with international partners such as : ADVANCE
PRODUCTS SYSTEMS (APS), BRECON, KRB MACHINERY, DIAMOND IKK, MAX JAPAN,
RADOLID (THIEL GMBH) and RECKLI |
|
History
of Principals |
There
is 1 active member within the company. |
|
Shareholders/Members/Partners
of subject and % holding |
Unavailable |
|
Authorised
Share Capital |
R
0.00 |
|
Issued
Share Capital/Members Contribution |
R
0.00 |
|
Status |
In
Business |
|
Operations
Assessment |
The
subject supplies the South African construction industry with a range of
products such as Automatic Rebar Fixing Tools, Bolt And Nut Protection Caps,
Bosch Scanners For Metal and Rebar Detection, Brecon Electrical Control
Systems, Brecon Frequency Converters, Casing End Seals, Casing Spacers and
Centralisers, Rebar Centraliser, Concrete Rebar Chair Spacers or Concrete
Cover Blocks, Core Drilling Machines, Corner Fillets or Camphers, Corner
Cover Blocks Or Rebar Chair Spacers, Damp Course, Duocon Centralisers,
Eibenstock ETS 225 Drywall Snader, External Vibrators For The Concrete
Compaction Industry, External Vibrators For The Conveyer Industry, Ferrule
Push-On Cones, Fibre Concrete, Fibre Cement, Cover Blocks, Flange Band
Protectors, Flange Insulating Gasket Kits, Flange Protector Grease, Flush
Cutting Saw, Hammer Cushion Pads, Penetration Seals, Insulating Sleeves and
Washers among others |
|
Industry/
Customers |
The
construction industry |
|
Export |
Yes |
|
Export
Countries |
|
|
Import |
Yes |
|
Import
Countries |
|
|
Major
Industry Code / SICC |
50220 |
|
Definition
of Code |
CONSTRUCTION
OF CIVIL ENGINEERING STRUCTURES |
|
Head
Office Physical Address |
21
COMMERCIAL BUSINESS PARK, SELLER ROAD, MIDRAND, 1685 |
|
Head
Office Postal Address |
POSBUS
5780, MEYERSDAL, 1447 |
|
Current
Tel Number |
0113108660 |
|
Cell
Number |
Unavailable |
|
Current
Fax Number |
0865456012 |
|
Current
Email Address |
|
|
Web
Site Address |
|
|
Comments |
|
|
Company
Registered Name |
CLAUDE
BARNESCHARTERED ACCOUNTANTS INC |
|
Trading
Name |
Unavailable |
|
Registration
Number |
1997/006614/21 |
|
Physical
Address |
47
VOORTREKKER ROAD, SOUTH CREST, ALBERTON, 1449 |
|
Postal
Address |
P
O BOX 5780, MEYERSDAL, 1447 |
|
Contact
Person |
Unavailable |
|
Contact
Number |
Unavailable |
|
Email |
Unavailable |
|
Principals |
|
|
Judgements
Against Subject |
Unavailable |
|
Judgements
Against Principals |
Unavailable |
|
Subject
Verified as Client |
|
|
Practice
Number |
00106447 |
|
VAT
Number |
Unavailable |
|
Tax
Number |
9192002815 |
|
BEE
Status |
Unavailable |
|
Financial
Year End |
February |
|
No
of years in Business |
6
Years 3 Months |
|
Website |
Unavailable |
|
Comment |
|
Previous
Auditors Information - No Information on Record
|
Vat
Number |
4240243040 |
|
Status |
ACTIVE |
|
Vat
Liable Date |
2008/01/08 |
|
Tax
Number |
9251927647 |
|
Tax
Clearance Expire Date |
|
|
Financial
Year End |
February |
|
Comment |
|
|
Status |
Yes |
|
Score |
2.00 |
|
Expire
Date |
Aug
142014 |
|
BEE
Certificate Available |
Yes |
|
Comment |
|
ISO
Information - No Information on Record
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
Organisational
Ohart - No In formation on Record
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
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 |
59 |
Active
Principals
Principal
- 1 of 1
LOUIS
AYLWARD
|
Surname |
AYLWARD |
|
First
Name |
LOUIS |
|
Other
Names |
Unavailable |
|
Marital
Status |
|
|
ID
Number |
5510205114088 |
|
Verified
ID Number |
Yes |
|
Current
Age |
58
Years 5 Months |
|
Designation |
Director |
|
Status |
Active |
|
Appointment
Date |
1995/08/28 |
|
Physical
Address (at time of Appointment) |
862
NORTHVIEW COUNTRY ESTATE, KNOPPIES LAAGTE, CENTURION, 0046 |
|
Postal
Address |
P
O BOX 2225, BEDFORDVIEW, 1685 |
|
Current
Tel Number |
0113108660 |
|
Cell
number |
0822652339 |
|
Shareholding/Membership |
0.00 |
Principal's
Adverse - No information on record
Business
Information for LOUIS AYLWARD
Principal
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
AFRICAN
MINING AND TRUST COMPANY LTD |
M1931/003633/06 |
In
Business |
82
Years 10 Months |
0 |
No |
|
|
ASSMANG
LTD |
M1935/007343/06 |
In
Business |
78
Years 6 Months |
0 |
No |
|
|
ORE
AND METAL COMPANY LTD |
M1930/002363/06 |
In
Business |
83
Years 11 Months |
0 |
No |
|
|
RUSTENBURG MINERALS DEVELOPMENT COMPANY (PTY)LTD |
M1968/002462/07 |
In
Business |
45
Years 9 Months |
0 |
No |
|
|
WONDERSTONE
LTD |
M1935/006371/06 |
In
Business |
78
Years 6 Months |
0 |
No |
|
|
ZEERUST
CHROME MINES LTD |
M1962/001355/06 |
In
Business |
51
Years 3 Months |
0 |
No |
|
|
BOTSITSO
CONSTRUCTION SUPPLIES (PTY)LTD |
M1990/000650/07 |
AR
Final Deregistration |
0 |
0 |
No |
|
|
HILLBRIDGE
INVESTMENT FRANCHISE (PTY)LTD |
M1999/015653/07 |
In
Business |
15
Years 3 Months |
0 |
No |
|
|
POUNDPROPS
INVESTMENTS (PTY)LTD |
M1998/016715/07 |
In
Business |
16
Years 4 Months |
0 |
No |
|
|
REBAR
MESH AND CONSTRUCTION SUPPLIES (PTY)LTD |
M1995/009050/07 |
In
Business |
19
Years 7 Months |
0 |
No |
|
|
REPS
ON THE RUN (PTY)LTD |
M2010/020144/07 |
In
Business |
4
Years 4 Months |
0 |
No |
|
|
TEMBISA
TATTERSALLS CC |
B1995/021655/23 |
In
Business |
19
Years 7 Months |
0 |
No |
|
Principal
Previous Business Interests
Average Age of Previous Business 20 Years
|
Company
Name |
Registration No |
Status |
Age
of Business |
Judge ments |
Liquidation |
Comment |
|
EPITHET INVESTMENTS (PTY)LTD |
M2000/005736/07 |
Deregistration
Final |
14 Years 2 Months |
0 |
No |
|
|
ASSORE LTD |
M1950/037394/06 |
In Business |
63
Years 3 Months |
0 |
No |
|
|
MIDNIGHT STORM INVESTMENTS
19 (PTY)LTD |
M2003/024697/07 |
In Business |
10 Years 10 Months |
0 |
No |
|
|
MIDNIGHT STORM INVESTMENTS
36 (PTY)LTD |
M2003/025889/07 |
Deregistration Final |
10 Years 10 Months |
0 |
No |
|
|
AUTORIDGE INVESTMENTS (PTY)LTD |
M2000/020269/07 |
Deregistration Final |
14 Years 2 Months |
0 |
No |
|
|
ERF 1274 SUNWARD PARK EXT
3 CC |
B1999/047575/23 |
Deregistration Final |
15 Years 3 Months |
0 |
No |
|
|
ERF 5482 JEFFREYSBAAI (PTY)LTD |
M1995/010196/07 |
Deregistration Final |
19 Years 7 Months |
0 |
No |
|
|
ERF 5927 JEFFREYSBAAI (PTY)LTD |
M1995/000863/07 |
In Business |
19 Years 7 Months |
0 |
No |
|
|
ERF 71 JEFFREYSBAAI
(PTY)LTD |
M1995/010273/07 |
Deregistration Final |
19 Years 7 Months |
0 |
No |
|
|
INFODB COMPUTERS (PTY)LTD |
M1988/005277/07 |
Deregistration Final |
26 Years 2 Months |
0 |
No |
|
|
SMARTCARD (PTY)LTD |
M1988/000990/07 |
Deregistration Final |
26 Years 2 Months |
0 |
No |
|
|
TEMBI MALL (PTY)LTD |
M1995/000532/07 |
Deregistration Final |
19 Years 7 Months |
0 |
No |
|
|
WOOD EXPRESSIONS (PTY)LTD |
M2000/029607/07 |
Deregistration Final |
14 Years 2 Months |
1 |
No |
|
Principal
Deeds Information
Property Interests for LOUIS
AYLWARD
|
Property Interests for LOUIS
AYLWARD |
|||
|
Title
Deed No. |
T6036/2009 |
Erf/Site
No. |
|
|
Deeds
Office |
PRETORIA |
Physical
Address |
KNOPPIESLAAGTE
385-JR CENTURION |
|
Property
Type |
Farms |
Extent
/ Size |
1.1616H |
|
Purchase
Date |
2009/01/03 |
Purchase
price |
|
|
%
Ownership |
0.00 |
Bond
Holder |
ABSA
BANK LTD |
|
Bond
Number |
B47932009 |
Bond
Amount |
|
|
Comment |
|
||
Property Interests for LOUIS
AYLWARD
|
Title
Deed No. |
T9930/1999 |
Erf/Site
No. |
0 |
|
Deeds
Office |
PRETORIA |
Physical
Address |
118
CENTURION EAST CENTURION GOLF ESTATE CENTURION |
|
Property
Type |
Freehold |
Extent
/ Size |
706.0SQM |
|
Purchase
Date |
1998/11/11 |
Purchase
price |
|
|
%
Ownership |
0.00 |
Bond
Holder |
ABSA
BANK LTD |
|
Bond
Number |
B54851999 |
Bond
Amount |
|
|
Comment |
|
||
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.99 |
|
|
1 |
Rs.102.07 |
|
Euro |
1 |
Rs.84.53 |
INFORMATION DETAILS
|
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.