|
Report Date : |
11.03.2014 |
IDENTIFICATION DETAILS
|
Name : |
SOLID BRASS ARCHITECTURAL HARDWARE (PTY) LTD |
|
|
|
|
Registered Office : |
155
Main Road, Diep River, Western Cape, 7800, P.O. Box 613, Constantia, Western
Cape, 7848 |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
21.08.2012 |
|
|
|
|
Com. Reg. No.: |
K2012/151507/07 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Importer
of ironmongery in brass, stainless steel, black cast-iron, natural and
bronzed aluminium and magnesium aluminium. |
|
|
|
|
No. of Employees : |
24 |
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 – 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 |
SOLID
BRASS ARCHITECTURAL HARDWARE (PTY)LTD |
|
Country |
South
Africa |
|
Subject
Contact Person |
JONATHAN
VAN DER WALT - General Manager |
|
Assessment |
This
is a well-established business. On investigation contact was made with JONATHAN
VAN DER WALT, the general manager who assisted with the required information.
The subject is meeting commitments timeously with it's suppliers. We obtained
a bank code C for R 200 000 over a period of 30 days. Please see the
available information obtained below. |
|
Registered
Name |
SOLID
BRASS ARCHITECTURAL HARDWARE (PTY)LTD |
|
Trading
as/ Division Name |
EURO
BRASS |
|
Previous
Name |
None |
|
Date
of Name Change |
None |
|
Registration
Number |
K2012/151507/07 |
|
Registration
Date |
2012/08/21 |
|
Date
Commenced Trading |
2012-08-21 |
|
Age
of Business |
1
Years 7 Months |
|
History
of Business |
EURO
BRASS was established in 1999 as a security and architectural hardware wholesaler
and distributer to the builder's merchant, ironmongery specialists and to the
retail hardware industries around southern Africa and several Indian Ocean
Islands. The subject underwent a conversion from a CC to a (PTY) LTD in 2012. |
|
History
of Principals |
There
is 1 active director within the company |
|
Shareholders/Members/Partners
of subject and % holding |
100
% - JOHN HENRY FAMILY TRUST |
|
Status |
In
Business |
|
Operations
Assessment |
The
subject is a major importer of ironmongery in brass, stainless steel, black
cast-iron, natural and bronzed aluminium and magnesium aluminium. The product
range includes : Hinges, Locks, Pull Handles , Knobs, Cupboard Handles, Solid
Brass Lever Handles, Stainless Steel Handles, Magnesium Aluminium Handles,
Aluminium Handles, Center Knobs, Door Knockers, Letter Plates, Numerals and
Alphabet, Door Stoppers, Cabin Hooks, Window Fittings, Bolts, Bells and
Bathroom Accessories |
|
Industry/
Customers |
Builder
merchants, Ironmongery specialists, hardware retailers |
|
Export |
None |
|
Import |
Yes |
|
Import
Countries |
China,India,Italy |
|
Major
Industry Code / SICC |
35101 |
|
Definition
of Code |
Basic
iron and steel industries, except steel pipe and tube mills |
|
Head
Office Physical Address |
155
MAIN ROAD, DIEP RIVER, WESTERN CAPE, 7800 |
|
Head
Office Postal Address |
P.O.
BOX 613, CONSTANTIA, WESTERN CAPE, 7848 |
|
Current
Tel Number |
0217123800 |
|
Cell
Number |
0832558406 |
|
Current
Fax Number |
0217152777 |
|
Current
Email Address |
|
|
Web
Site Address |
|
|
Comments |
|
Auditors
Information - No Information on Record
Previous
Auditors Information - No Information on Record
|
Vat
Number |
4160262517 |
|
Status |
ACTIVE |
|
Financial
Year End |
February |
|
Comment |
|
|
Status |
Yes |
|
Score |
4.00 |
|
BEE
Certificate Available |
No |
|
Comment |
|
|
|
|
ISO
Information - No Information on Record
|
Registered |
Yes |
|
Compliance
Certified |
Yes |
|
Comment |
|
Subsidiaries
Information - No Information on Record
|
Employees |
|
|
Number
of Employees |
24 |
|
1.
Salaried employees |
24 |
|
3.
Permanent employees |
24 |
|
Comment |
|
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 Director JOHN
HENRY
Company
Structure (Ownership)
Note: One level up and all levels
down
|
Holding |
Company |
Sub |
Comment |
|
100
% - JOHN HENRY FAMILY TRUST |
SOLID
BRASS ARCHITECTURAL HARDWARE (PTY) LTD |
None |
|
Key
Deals - No Information on Record
|
Trade
Reference nr |
Supplier |
Contact |
Surety
Value |
Notarial
Bonds |
Comment |
|
1 |
TOLL
GLOBAL FORWARDING SA (PTY) LTD |
0215309800 |
|
|
|
|
2 |
BOKFAST |
0215051000 |
|
|
|
Trade
References Detail
|
Nr |
Age
of Acc |
Credit
Limit |
Max
Credit |
Terms |
Average
Purchases |
Terms
Taken |
Comment |
|
1 |
11
Years |
R
600000.00 |
R
600000 |
30
Days |
R
200000 |
30
Days |
Good
account |
|
2 |
10
Years |
R
500000.00 |
|
30
Days |
|
30
Days |
Good
account. The supplier declined to assist
with the maximim limit and the average purchases |
Judgements
- No information on record
BusinessRescue
- No Information on Record
Default
Listing - No information on record
Notarial
Bonds- No Information on Record
|
Bank |
ABSA |
|
Branch |
CLAREMONT |
|
Brach
Code |
632005 |
|
Bank
Account Number |
4080295269 |
|
Type
of Account |
CURRENT
ACCOUNT |
|
Account
Name |
SOLID
BRASS ARCHITECTURAL HARDWARE (PTY)LTD t/a EURO BRASS |
|
Overdraft
Facilities |
YES |
|
Bank
Code |
C
- For R 200 000 |
|
Bank
Comment |
The
subject's bankers consider them good for all business normal engagements |
Bank
Code History - No Information on Record
Previous
Bank Account Information - No Information on Record
Deeds
Information - No information on record
|
Number
of Principals |
2 |
|
Average
Age of Active Principals |
65 |
Active
Principals
Principal
- 1 of 1
JOHN
HENRY
|
Surname |
HENRY |
|
First
Name |
JOHN |
|
Other
Names |
None |
|
Marital
Status |
|
|
ID
Number |
5301095123086 |
|
Verified
ID Number |
Yes |
|
Current
Age |
61
Years 2 Months |
|
Designation |
Director |
|
Status |
Active |
|
Appointment
Date |
2012/08/21 |
|
Physical
Address (at time of Appointment) |
ROSE
COTTAGE, SPAANSCHEMAT RIVER ROAD, CONSTANTIA, WESTERN CAPE, 7806 |
|
Postal
Address |
P.O.
BOX 613, CONSTANTIA, WESTERN CAPE, 7848 |
|
Current
Tel Number |
0217123800 |
|
Cell
number |
0832558406 |
|
Shareholding/Membership |
0.00 |
Principal's
Adverse - No information on record
Business
Information for JOHN HENRY
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 |
|
|
A
T A DISTRIBUTORS
S A CC |
B1988/022539/23 |
In
Business |
26
Years 2 Months |
0 |
No |
|
|
CONSTANTIA
HARDWARE |
5301095123086 |
|
Unknown |
0 |
No |
|
|
EURO
BRASS CC |
B1999/060011/23 |
In
Business |
15
Years 3 Months |
0 |
No |
|
|
GALLEON
PAINTS CC |
B1988/022540/23 |
In
Business |
26
Years 2 Months |
0 |
No |
|
|
J
D L MANUFACTURERS
AND DISTRIBUTORS
CC |
B1997/026944/23 |
In
Business |
17
Years 5 Months |
0 |
No |
|
|
PRIME
PARK C17 (PTY)LTD |
M2001/022561/07 |
In
Business |
13
Years 1 Months |
0 |
No |
|
|
SOLID
BRASS ARCHITECTURAL HARDWARE (PTY)LTD |
K2012/151507/07 |
In
Business |
2
Years 2 Months |
0 |
No |
|
|
SUPER
CABINETS CC |
B1997/044845/23 |
In
Business |
17
Years 5 Months |
0 |
No |
|
Principal
Previous Business Interests
Average
Age of Previous Business 18 Years
|
Company
Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
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 |
|
|
CAPE
BRASSWARE CC |
B1998/055120/23 |
Dissolved |
16
Years 4 Months |
0 |
No |
|
|
JOHN
HENRY MARKETING CC |
B1987/000539/23 |
In
Liquidation |
27
Years 3 Months |
0 |
Yes |
|
|
JOHPED
ENTERPRISES CC |
B1999/068283/23 |
Deregistration
Final |
15
Years 3 Months |
0 |
No |
|
|
LEZMIN
1271 CC |
B2002/003365/23 |
Deregistration
Final |
|
0 |
No |
|
|
MAGNA
GALLEON PAINTS (PTY)LTD |
M1997/013381/07 |
Deregistration
Final |
17
Years 5 Months |
0 |
No |
|
|
NATWOOD
(TRANSVAAL) CC |
B1986/006350/23 |
Deregistration
Final |
28
Years 4 Months |
0 |
No |
|
|
NIGS
BOTTLE STORE CC |
B1991/016272/23 |
Deregistration
Final |
23
Years 11 Months |
0 |
No |
|
|
SIVE'S
HARDWARE AND TIMBER CC |
B1990/022296/23 |
Deregistration
Final |
|
2 |
No |
|
|
STERLING
INDUSTRIES (PTY)LTD |
M1996/016153/07 |
Deregistration
Process |
18
Years 6 Months |
1 |
No |
|
Principal
Deeds Information
|
Property Interests for JOHN
HENRY |
|||
|
Title
Deed No. |
T95972/1999 |
Erf/Site
No. |
0 |
|
Deeds
Office |
CAPE
TOWN |
Physical
Address |
BELLE
CONSTANTIA CONSTANTIA |
|
Property
Type |
Freehold |
Extent
/ Size |
1836.0SQM |
|
Purchase
Date |
1999/05/20 |
Purchase
price |
|
|
%
Ownership |
0.00 |
Bond
Holder |
|
|
Bond
Number |
|
Bond
Amount |
|
|
Comment |
|
||
Property Interests for JOHN HENRY
|
Title
Deed No. |
T18771/2001 |
Erf/Site
No. |
|
|
Deeds
Office |
CAPE
TOWN |
Physical
Address |
333
UNKNOWN MALAGAS MALAGAS |
|
Property
Type |
Freehold |
Extent
/ Size |
3478.0SQM |
|
Purchase
Date |
2000/11/21 |
Purchase
price |
|
|
%
Ownership |
0.00 |
Bond
Holder |
A
B S A BANK LTD |
|
Bond
Number |
B141522001 |
Bond
Amount |
|
|
Comment |
|
||
Property Interests for JOHN HENRY
|
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.61.20 |
|
|
1 |
Rs.102.35 |
|
Euro |
1 |
Rs.84.95 |
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.