|
Report Date : |
17.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
LP SPARES
INTERNATIONAL (PTY)LTD |
|
|
|
|
Registered Office : |
55 Edward Rubenstein Drive, Strahavon, 2031 |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
08.09.2000 |
|
|
|
|
Com. Reg. No.: |
M2000/022989/07 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
· Wholesaler of motor vehicle spare parts and tractors Manufacturer of parts and accessories for motor vehicles
as well as their engines |
|
|
|
|
No of Employees : |
01 |
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 |
LP SPARES INTERNATIONAL (PTY)LTD |
|
Country |
South Africa |
|
Subject Contact Person |
DONALD MC DONALD - Business Associates |
|
Assessment |
On investigation contact was made with DONALD MC DONALD, the business associate who declined to assist with the banking details and financial information. We could not obtain a payment pattern on the subject due to the subject only having international suppliers. Please see the available information on the subject below. |
|
Registered Name |
LP SPARES INTERNATIONAL (PTY)LTD |
|
Trading as/ Division Name |
None |
|
Previous Name |
None |
|
Date of Name Change |
None |
|
Registration Number |
M2000/022989/07 |
|
Registration Date |
2000/09/08 |
|
Date Commenced Trading |
2000-09-08 |
|
Age of Business |
13 Years 8 Months |
|
History of Business |
The subject commenced trading as a new company in 2000. |
|
History of Principals |
There are 2 active principals within the company |
|
Shareholders/Members/Partners of subject and % holding |
100 % - TORQUATO PORELLI |
|
Status |
In Business |
|
Operations Assessment |
Wholesaler of motor vehicle spare parts and tractors |
|
Industry/ Customers |
Motor and farming industries |
|
Export |
Yes |
|
Export Countries |
Mozambique |
|
Import |
Yes |
|
Import Countries |
China, India, Italy |
|
Major Industry Code / SICC |
3830 |
|
Definition of Code |
MANUFACTURE OF PARTS AND ACCESSORIES FOR MOTOR VEHICLES AS WELL AS THEIR ENGINES |
|
Head Office Physical Address |
55 EDWARD RUBENSTEIN DRIVE, STRAHAVON, 2031 |
|
Head Office Postal Address |
PO BOX 89, STRATHAVON, 2031 |
|
Current Tel Number |
0118841922 |
|
Cell Number |
Unavailable |
|
Current Fax Number |
0112528243 |
|
Current Email Address |
|
|
Web Site Address |
Under Construction |
|
Company Registered Name |
FTG CONSULTING CC |
|
Trading Name |
None |
|
Registration Number |
2007/147396/23 |
|
Physical Address |
2 EYL AVENUE, MULBARTON, 2059 |
|
Postal Address |
PO BOX 4663, RIVONIA, 2128 |
|
Contact Person |
MICHELLE LOWE |
|
Contact Number |
0114323242 |
|
Email |
|
|
Principals |
1 |
|
Judgements Against Subject |
Unavailable |
|
Judgements Against Principals |
Unavailable |
|
Subject Verified as Client |
Yes |
|
Practice Number |
Unavailable |
|
VAT Number |
Unavailable |
|
Tax Number |
9379104160 |
|
BEE Status |
Unavailable |
|
Financial Year End |
February |
|
No of years in Business |
6 Years 9 Months |
|
Website |
Unavailable |
Previous Auditors Information - No Information on Record
|
Vat Number |
4670193236 |
|
Status |
ACTIVE |
|
Vat Liable Date |
2001/05/01 |
|
Tax Number |
9322139149 |
|
Financial Year End |
February |
Black Economic Empowerment Information - No Information
on Record
ISO Information - No Information on Record
|
Registered |
Yes |
|
Compliance Certified |
Yes |
Subsidiaries Information - No Information on Record
Employees
|
Number of Employees |
1 |
|
1. Salaried employees |
1 |
|
2. Waged employees |
--- |
|
3. Permanent employees |
1 |
Company Fleet
|
Company Fleet |
No of vehicles: |
Owned/Leased |
Value |
Outstanding Balance |
|
Fleet Operations |
|
|
|
|
|
The Fleet is made up of |
3 |
|||
|
Cars |
2 |
Owned |
|
|
|
Light delivery Vehicles |
1 |
Owned |
|
|
|
Offices |
Offices |
|
Head Office Owned/ Rented |
Owned |
|
Type of Premises |
Private Household |
Branch Information - No Information on Record
Organisation Chart
Level Position Name
1 DIRECTOR TORQUATO PORELLI
2 BUSINESS ASSOCIATE
DONALD MC DONALDS
Company Structure
(Ownership)
Note:
One level up and all levels down
|
Holding |
Company |
Sub |
Comment |
|
100 % - TORQUATO
PORELLI |
LP SPARES INTERNATIONAL (PTY)LTD |
None |
|
Key Deals - No
Information on Record
Trade References Information
- No Information on Record
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
|
Number of Principals |
2 |
|
Average Age of Active Principals |
58 |
Active Principals
Principal - 1 of 2 ENRICO PORELLI
|
Surname |
PORELLI |
|
First Name |
ENRICO |
|
ID Number |
7208135942185 |
|
Verified ID Number |
Yes |
|
Current Age |
41 Years 9 Months |
|
Designation |
BUSINESSMAN |
|
Status |
Active |
|
Appointment Date |
2004/08/03 |
|
Physical Address (at time of Appointment) |
10 CAMERON AVENUE, BRYANSTON, 2021 |
|
Postal Address |
P O BOX 50794, RANDJESFONTEIN, 1683 |
|
Current Tel Number |
0118245301 |
|
Cell number |
0826426300 |
|
Shareholding/Membership |
0.00 |
Principal's Adverse -
No information on record
Business Information
for ENRICO PORELLI
Principal Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
CRAFTCOR COMPANY (PTY)LTD |
M1986/003461/07 |
In Business |
28 Years 4 Months |
0 |
No |
|
|
FLEET MANAGEMENT LEASING (PTY)LTD |
M2004/002277/07 |
In Business |
10 Years 10 Months |
0 |
No |
|
|
KERBYN 364 (PTY)LTD |
M2002/002121/07 |
In Business |
0 |
0 |
No |
|
|
LP SPARES INTERNATIONAL (PTY)LTD |
M2000/022989/07 |
In Business |
14 Years 2 Months |
0 |
No |
|
|
MOBILITY INVESTMENT CONSULTING (PTY)LTD |
M2005/042176/07 |
In Business |
9 Years 9 Months |
0 |
No |
|
Principal Previous Business Interests
Average Age of Previous Business 27 Years
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
STELLE RESTAURANT (PTY)LTD |
M1987/002909/07 |
In Business |
27 Years 3 Months |
0 |
No |
|
Principal's Deeds Information - No information on record
Principal - 2 of 2
TORQUATO PORELLI
|
Surname |
PORELLI |
|
First Name |
TORQUATO |
|
ID Number |
4010265117189 |
|
Verified ID Number |
Yes |
|
Current Age |
73 Years 7 Months |
|
Designation |
BUSINESSMAN |
|
Status |
Active |
|
Appointment Date |
2000/10/08 |
|
Physical Address (at time of Appointment) |
55 EDWARDE RUBENSTEIN DRIVE, SANDOWN, SANDTON, 2196 |
|
Postal Address |
P O BOX 89, STRATHAVON 2031, SANDTON,SOUTH, 2196 |
|
Current Tel Number |
0118841922 |
|
Cell number |
0826033831 |
|
Shareholding/Membership |
0.00 |
Principal's Adverse -
No information on record
Business Information
for TORQUATO PORELLI
Principal Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
KELLY NAILS CC |
B2010/088755/23 |
In Business |
4 Years 4 Months |
0 |
No |
|
|
LP SPARES INTERNATIONAL (PTY)LTD |
M2000/022989/07 |
In Business |
14 Years 2 Months |
0 |
No |
|
|
STAND 233 SANDOWN EXTENSION 24 (PTY)LTD |
M1993/001205/07 |
In Business |
21 Years 9 Months |
0 |
No |
|
|
XONIX TRADING (PTY)LTD |
M1999/013347/07 |
In Business |
15 Years 3 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 |
|
GOLDEN DIVIDEND 237 (PTY)LTD |
M2005/034706/07 |
In Business |
9 Years 9 Months |
0 |
No |
|
|
STELLE RESTAURANT (PTY)LTD |
M1987/002909/07 |
In Business |
27 Years 3 Months |
0 |
No |
|
Principal's Deeds
Information - No information on record
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.58.86 |
|
UK Pound |
1 |
Rs.98.82 |
|
Euro |
1 |
Rs.80.72 |
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 |
|
-- |
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.