|
Report Date : |
20.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
ASSMANG (PTY) LTD |
|
|
|
|
Registered Office : |
15 Frickek
Road Illovo, Boulevard, Johannesburg, 2196, Private Bag X03, Northlands, 2116 |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
02.11.1935 |
|
|
|
|
Com. Reg. No.: |
M1935/007343/07 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Mining of
Non-Ferrous Metal Ores, Except Gold and Uranium |
|
|
|
|
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 : |
-- |
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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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 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 |
ASSMANG (PTY)LTD |
|
Country |
South Africa |
|
Subject Contact Person |
SHARMILA PILLAY -
Administrator |
|
Assessment |
This is a well-established
business. On investigation contact was made with SHARMILA PILLAY who declined
to direct us to the financial director or any of the directors, unless we
reveal the principal inquire, several attempts were made but she still would
not assist. Please see the available information provided below. |
|
Registered
Name |
ASSMANG
(PTY)LTD |
|
Trading
as/ Division Name |
None |
|
Previous
Name |
None |
|
Date
of Name Change |
None |
|
Registration
Number |
M1935/007343/07 |
|
Registration
Date |
1935/11/02 |
|
Date
Commenced Trading |
1935-11-02 |
|
Age
of Business |
78
Years 11 Months |
|
History
of Business |
The
subject commenced trading as a new business in 1935, and was listed in JSE in
1936. |
|
History
of Principals |
There
are 4 active directors within the company. |
|
Shareholders/Members/Partners
of subject and % holding |
50 % - ASSORE
LIMITED, 50 % - AFRICAN RAINBOW MINERALS LTD |
|
Authorised
Share Capital |
|
|
Issued
Share Capital/Members Contribution |
|
|
Status |
In
Business |
|
Operations
Assessment |
The
subjects main operation is to supply high-grade manganese ore reserves. |
|
Industry/
Customers |
The
subjects deals directly with the mining industry |
|
Export |
Declined |
|
Export
Countries |
|
|
Import |
Declined |
|
Import
Countries |
|
|
Major
Industry Code / SICC |
24200 |
|
Definition
of Code |
Mining of
Non-Ferrous Metal Ores, Except Gold and Uranium |
|
Head
Office Physical Address |
15 Frickek
Road Illovo, Boulevard, Johannesburg, 2196 |
|
Head
Office Postal Address |
Private Bag
X03, Northlands, 2116 |
|
Current
Tel Number |
0117706800 |
|
Cell
Number |
|
|
Current
Fax Number |
0112686440 |
|
Current
Email Address |
|
|
Web
Site Address |
|
|
Comments |
according to the
website assmang has 4 directors, however there is nothing on CIPC |
Auditors Information - No
Information on Record
Previous Auditors
Information - No Information on Record
Tax Information - No
Information on Record
Black Economic
Empowerment Information - No Information on Record
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
Organization Chart
|
Level |
Position |
Name |
|
2 |
ADMIN MANAGER |
SHAMILA PILLAY |
Company structure
(ownership)
Note: One level up and all levels down
|
Holding |
Company |
Sub |
|
50% - ASSORE LIMITED |
ASSMANG (PTY) LTD |
NONE |
|
50% - AFRICAN
RAINBOW MINERALS (PTY) LTD |
ASSMANG (PTY) LTD |
NONE |
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
Property Interests for Company ASSMANG (PTY)LTD
|
Title
Deed No. |
T1716/2014 |
Erf/Site
No. |
3076 |
|
Deeds
Office |
VRYBURG |
Physical
Address |
KURUMAN |
|
Property
Type |
Freehold |
Extent
/ Size |
300.0SQM |
|
Purchase
Date |
2013/06/26 |
Purchase
price |
R13133574.00 |
|
%
Ownership |
0.00 |
Bond
Holder |
ASSMANG
LTD |
|
Bond
Number |
VA522013 |
Bond
Amount |
R
0.00 |
|
Comment |
|
||
|
|
|||
|
Title
Deed No. |
T1740/2009 |
Erf/Site
No. |
3112 |
|
Deeds
Office |
VRYBURG |
Physical
Address |
3112 JANSEN
1160-0020-000 KURUMAN |
|
Property
Type |
Freehold |
Extent
/ Size |
|
|
Purchase
Date |
2009/02/11 |
Purchase
price |
R18500.00 |
|
%
Ownership |
0.00 |
Bond
Holder |
|
|
Bond
Number |
|
Bond
Amount |
R
0.00 |
|
Comment |
|
||
|
|
|||
|
Title
Deed No. |
T1760/2009 |
Erf/Site
No. |
3107 |
|
Deeds
Office |
VRYBURG |
Physical
Address |
3107 JANSEN
1160-0020-000 KURUMAN |
|
Property
Type |
Freehold |
Extent
/ Size |
|
|
Purchase
Date |
2009/02/11 |
Purchase
price |
R18500.00 |
|
%
Ownership |
0.00 |
Bond
Holder |
|
|
Bond
Number |
|
Bond
Amount |
R
0.00 |
|
Comment |
|
||
|
Title
Deed No. |
T1761/2009 |
Erf/Site
No. |
3108 |
|
Deeds
Office |
VRYBURG |
Physical
Address |
3108
JANSEN 1160-0020-000 KURUMAN |
|
Property
Type |
Freehold |
Extent
/ Size |
|
|
Purchase
Date |
2009/02/11 |
Purchase
price |
R18500.00 |
|
%
Ownership |
0.00 |
Bond
Holder |
|
|
Bond
Number |
|
Bond
Amount |
R
0.00 |
|
Comment |
|
||
|
|
|||
|
Title
Deed No. |
T1763/2009 |
Erf/Site
No. |
3109 |
|
Deeds
Office |
VRYBURG |
Physical
Address |
3109
JANSEN 1160-0020-000 KURUMAN |
|
Property
Type |
Freehold |
Extent
/ Size |
|
|
Purchase
Date |
2009/02/11 |
Purchase
price |
R18500.00 |
|
%
Ownership |
0.00 |
Bond
Holder |
|
|
Bond
Number |
|
Bond
Amount |
R
0.00 |
|
Comment |
|
||
|
|
|||
|
Title
Deed No. |
T1767/2009 |
Erf/Site
No. |
3093 |
|
Deeds
Office |
VRYBURG |
Physical
Address |
3093
VAN WYK 1160-0020-000 KURUMAN |
|
Property
Type |
Freehold |
Extent
/ Size |
|
|
Purchase
Date |
2009/02/11 |
Purchase
price |
R18500.00 |
|
%
Ownership |
0.00 |
Bond
Holder |
|
|
Bond
Number |
|
Bond
Amount |
R
0.00 |
|
Comment |
|
||
|
Title
Deed No. |
T1772/2009 |
Erf/Site
No. |
3110 |
|
Deeds
Office |
VRYBURG |
Physical
Address |
3110
JANSEN 1160-0020-000 KURUMAN |
|
Property
Type |
Freehold |
Extent
/ Size |
|
|
Purchase
Date |
2009/02/11 |
Purchase
price |
R18500.00 |
|
%
Ownership |
0.00 |
Bond
Holder |
|
|
Bond
Number |
|
Bond
Amount |
R
0.00 |
|
Comment |
|
||
|
Title
Deed No. |
T1774/2009 |
Erf/Site
No. |
3111 |
|
Deeds
Office |
VRYBURG |
Physical
Address |
3111
JANSEN 1160-0020-000 KURUMAN |
|
Property
Type |
Freehold |
Extent
/ Size |
|
|
Purchase
Date |
2009/02/11 |
Purchase
price |
R18500.00 |
|
%
Ownership |
0.00 |
Bond
Holder |
|
|
Bond
Number |
|
Bond
Amount |
R
0.00 |
|
Comment |
|
||
|
Title
Deed No. |
T1785/2009 |
Erf/Site
No. |
3090 |
|
Deeds
Office |
VRYBURG |
Physical
Address |
3090
VAN WYK 1160-0020-000 KURUMAN |
|
Property
Type |
Freehold |
Extent
/ Size |
|
|
Purchase
Date |
2009/02/11 |
Purchase
price |
R18500.00 |
|
%
Ownership |
0.00 |
Bond
Holder |
|
|
Bond
Number |
|
Bond
Amount |
R
0.00 |
|
Comment |
|
||
|
|
|||
|
Title
Deed No. |
T1787/2009 |
Erf/Site
No. |
3084 |
|
Deeds
Office |
VRYBURG |
Physical
Address |
3084
VAN WYK 1160-0020-000 KURUMAN |
|
Property
Type |
Freehold |
Extent
/ Size |
|
|
Purchase
Date |
2009/02/11 |
Purchase
price |
R18500.00 |
|
%
Ownership |
0.00 |
Bond
Holder |
|
|
Bond
Number |
|
Bond
Amount |
R
0.00 |
|
Comment |
|
||
|
|
|||
|
Title
Deed No. |
T1795/2009 |
Erf/Site
No. |
3102 |
|
Deeds
Office |
VRYBURG |
Physical
Address |
3102
JANSEN 1160-0020-000 KURUMAN |
|
Property
Type |
Freehold |
Extent
/ Size |
|
|
Purchase
Date |
2009/02/11 |
Purchase
price |
R18500.00 |
|
%
Ownership |
0.00 |
Bond
Holder |
|
|
Bond
Number |
|
Bond
Amount |
R
0.00 |
|
Comment |
|
||
|
Title
Deed No. |
T1796/2009 |
Erf/Site
No. |
3101 |
|
Deeds
Office |
VRYBURG |
Physical
Address |
3101
JANSEN 1160-0020-000 KURUMAN |
|
Property
Type |
Freehold |
Extent
/ Size |
|
|
Purchase
Date |
2009/02/11 |
Purchase
price |
R18500.00 |
|
%
Ownership |
0.00 |
Bond
Holder |
|
|
Bond
Number |
|
Bond
Amount |
R
0.00 |
|
Comment |
|
||
|
Title
Deed No. |
T1797/2009 |
Erf/Site
No. |
3097 |
|
Deeds
Office |
VRYBURG |
Physical
Address |
3097
JANSEN 1160-0020-000 KURUMAN |
|
Property
Type |
Freehold |
Extent
/ Size |
|
|
Purchase
Date |
2009/02/11 |
Purchase
price |
R18500.00 |
|
%
Ownership |
0.00 |
Bond
Holder |
|
|
Bond
Number |
|
Bond
Amount |
R
0.00 |
|
Comment |
|
||
|
Title
Deed No. |
T1798/2009 |
Erf/Site
No. |
3091 |
|
Deeds
Office |
VRYBURG |
Physical
Address |
3091
VAN WYK 1160-0020-000 KURUMAN |
|
Property
Type |
Freehold |
Extent
/ Size |
|
|
Purchase
Date |
2009/02/11 |
Purchase
price |
R18500.00 |
|
%
Ownership |
0.00 |
Bond
Holder |
|
|
Bond
Number |
|
Bond
Amount |
R
0.00 |
|
Comment |
|
||
|
|
|||
|
Title
Deed No. |
T1799/2009 |
Erf/Site
No. |
3087 |
|
Deeds
Office |
VRYBURG |
Physical
Address |
3087
VAN WYK 1160-0020-000 KURUMAN |
|
Property
Type |
Freehold |
Extent
/ Size |
|
|
Purchase
Date |
2009/02/11 |
Purchase
price |
R18500.00 |
|
%
Ownership |
0.00 |
Bond
Holder |
|
|
Bond
Number |
|
Bond
Amount |
R
0.00 |
|
Comment |
|
||
|
|
|||
|
Title
Deed No. |
T1800/2009 |
Erf/Site
No. |
3082 |
|
Deeds
Office |
VRYBURG |
Physical
Address |
3082
VAN WYK 1160-0020-000 KURUMAN |
|
Property
Type |
Freehold |
Extent
/ Size |
|
|
Purchase
Date |
2009/02/11 |
Purchase
price |
R18500.00 |
|
%
Ownership |
0.00 |
Bond
Holder |
|
|
Bond
Number |
|
Bond
Amount |
R
0.00 |
|
Comment |
|
||
|
Title
Deed No. |
T1806/2009 |
Erf/Site
No. |
3099 |
|
Deeds
Office |
VRYBURG |
Physical
Address |
3099
JANSEN 1160-0020-000 KURUMAN |
|
Property
Type |
Freehold |
Extent
/ Size |
|
|
Purchase
Date |
2009/02/11 |
Purchase
price |
R18500.00 |
|
%
Ownership |
0.00 |
Bond
Holder |
|
|
Bond
Number |
|
Bond
Amount |
R
0.00 |
|
Comment |
|
||
|
Title
Deed No. |
T1807/2009 |
Erf/Site
No. |
3105 |
|
Deeds
Office |
VRYBURG |
Physical
Address |
3105
JANSEN 1160-0020-000 KURUMAN |
|
Property
Type |
Freehold |
Extent
/ Size |
|
|
Purchase
Date |
2009/02/11 |
Purchase
price |
R18500.00 |
|
%
Ownership |
0.00 |
Bond
Holder |
|
|
Bond
Number |
|
Bond
Amount |
R
0.00 |
|
Comment |
|
||
|
|
|||
|
Title
Deed No. |
T1809/2009 |
Erf/Site
No. |
3106 |
|
Deeds
Office |
VRYBURG |
Physical
Address |
3106
JANSEN 1160-0020-000 KURUMAN |
|
Property
Type |
Freehold |
Extent
/ Size |
|
|
Purchase
Date |
2009/02/11 |
Purchase
price |
R18500.00 |
|
%
Ownership |
0.00 |
Bond
Holder |
|
|
Bond
Number |
|
Bond
Amount |
R
0.00 |
|
Comment |
|
||
|
|
|||
|
Title
Deed No. |
T1810/2009 |
Erf/Site
No. |
3096 |
|
Deeds
Office |
VRYBURG |
Physical
Address |
3096
VAN WYK 1160-0020-000 KURUMAN |
|
Property
Type |
Freehold |
Extent
/ Size |
|
|
Purchase
Date |
2009/02/11 |
Purchase
price |
R18500.00 |
|
%
Ownership |
0.00 |
Bond
Holder |
|
|
Bond
Number |
|
Bond
Amount |
R
0.00 |
|
Comment |
|
||
|
Title
Deed No. |
T1838/2009 |
Erf/Site
No. |
3077 |
|
Deeds
Office |
VRYBURG |
Physical
Address |
3077
VAN WYK 1160-0020-000 KURUMAN |
|
Property
Type |
Freehold |
Extent
/ Size |
|
|
Purchase
Date |
2009/02/02 |
Purchase
price |
R18500.00 |
|
%
Ownership |
0.00 |
Bond
Holder |
|
|
Bond
Number |
|
Bond
Amount |
R
0.00 |
|
Comment |
|
||
|
Title
Deed No. |
T1841/2009 |
Erf/Site
No. |
3089 |
|
Deeds
Office |
VRYBURG |
Physical
Address |
3089
VAN WYK 1160-0020-000 KURUMAN |
|
Property
Type |
Freehold |
Extent
/ Size |
|
|
Purchase
Date |
2009/02/11 |
Purchase
price |
R18500.00 |
|
%
Ownership |
0.00 |
Bond
Holder |
|
|
Bond
Number |
|
Bond
Amount |
R
0.00 |
|
Comment |
|
||
|
Title
Deed No. |
T1842/2009 |
Erf/Site
No. |
3094 |
|
Deeds
Office |
VRYBURG |
Physical
Address |
3094
VAN WYK 1160-0020-000 KURUMAN |
|
Property
Type |
Freehold |
Extent
/ Size |
|
|
Purchase
Date |
2009/02/11 |
Purchase
price |
R18500.00 |
|
%
Ownership |
0.00 |
Bond
Holder |
|
|
Bond
Number |
|
Bond
Amount |
R
0.00 |
|
Comment |
|
||
|
|
|||
|
Title
Deed No. |
T1843/2009 |
Erf/Site
No. |
3092 |
|
Deeds
Office |
VRYBURG |
Physical
Address |
3092
VAN WYK 1160-0020-000 KURUMAN |
|
Property
Type |
Freehold |
Extent
/ Size |
|
|
Purchase
Date |
2009/02/11 |
Purchase
price |
R18500.00 |
|
%
Ownership |
0.00 |
Bond
Holder |
|
|
Bond
Number |
|
Bond
Amount |
R
0.00 |
|
Comment |
|
||
|
|
|||
|
Title
Deed No. |
T1845/2009 |
Erf/Site
No. |
3081 |
|
Deeds
Office |
VRYBURG |
Physical
Address |
3081
VAN WYK 1160-0020-000 KURUMAN |
|
Property
Type |
Freehold |
Extent
/ Size |
|
|
Purchase
Date |
2009/02/11 |
Purchase
price |
R18500.00 |
|
%
Ownership |
0.00 |
Bond
Holder |
|
|
Bond
Number |
|
Bond
Amount |
R
0.00 |
|
Comment |
|
||
|
Title
Deed No. |
T18632/2012 |
Erf/Site
No. |
127 |
|
Deeds
Office |
CAPE
TOWN |
Physical
Address |
0304-0000-000
SALDANHA |
|
Property
Type |
Farms |
Extent
/ Size |
|
|
Purchase
Date |
2012/01/30 |
Purchase
price |
R10003500.00 |
|
%
Ownership |
0.00 |
Bond
Holder |
|
|
Bond
Number |
|
Bond
Amount |
R
0.00 |
|
Comment |
|
||
|
Title
Deed No. |
T1889/2009 |
Erf/Site
No. |
3103 |
|
Deeds
Office |
VRYBURG |
Physical
Address |
3103
JANSEN 1160-0020-000 KURUMAN |
|
Property
Type |
Freehold |
Extent
/ Size |
|
|
Purchase
Date |
2009/02/11 |
Purchase
price |
R18500.00 |
|
%
Ownership |
0.00 |
Bond
Holder |
|
|
Bond
Number |
|
Bond
Amount |
R
0.00 |
|
Comment |
|
||
|
Title
Deed No. |
T1890/2009 |
Erf/Site
No. |
3100 |
|
Deeds
Office |
VRYBURG |
Physical
Address |
3100
JANSEN 1160-0020-000 KURUMAN |
|
Property
Type |
Freehold |
Extent
/ Size |
|
|
Purchase
Date |
2009/02/11 |
Purchase
price |
R18500.00 |
|
%
Ownership |
0.00 |
Bond
Holder |
|
|
Bond
Number |
|
Bond
Amount |
R
0.00 |
|
Comment |
|
||
|
|
|||
|
Title
Deed No. |
T1892/2009 |
Erf/Site
No. |
3086 |
|
Deeds
Office |
VRYBURG |
Physical
Address |
3086
VAN WYK 1160-0020-000 KURUMAN |
|
Property
Type |
Freehold |
Extent
/ Size |
|
|
Purchase
Date |
2009/02/11 |
Purchase
price |
R18500.00 |
|
%
Ownership |
0.00 |
Bond
Holder |
|
|
Bond
Number |
|
Bond
Amount |
R
0.00 |
|
Comment |
|
||
|
|
|||
|
Title
Deed No. |
T1893/2009 |
Erf/Site
No. |
3098 |
|
Deeds
Office |
VRYBURG |
Physical
Address |
3098
JANSEN 1160-0020-000 KURUMAN |
|
Property
Type |
Freehold |
Extent
/ Size |
|
|
Purchase
Date |
2009/02/11 |
Purchase
price |
R18500.00 |
|
%
Ownership |
0.00 |
Bond
Holder |
|
|
Bond
Number |
|
Bond
Amount |
R
0.00 |
|
Comment |
|
||
|
Title
Deed No. |
T1894/2009 |
Erf/Site
No. |
3095 |
|
Deeds
Office |
VRYBURG |
Physical
Address |
3095
VAN WYK 1160-0020-000 KURUMAN |
|
Property
Type |
Freehold |
Extent
/ Size |
|
|
Purchase
Date |
2009/02/11 |
Purchase
price |
R18500.00 |
|
%
Ownership |
0.00 |
Bond
Holder |
|
|
Bond
Number |
|
Bond
Amount |
R
0.00 |
|
Comment |
|
||
|
Title
Deed No. |
T1897/2009 |
Erf/Site
No. |
3115 |
|
Deeds
Office |
VRYBURG |
Physical
Address |
3115
JANSEN 1160-0020-000 KURUMAN |
|
Property
Type |
Freehold |
Extent
/ Size |
|
|
Purchase
Date |
2009/02/11 |
Purchase
price |
R18500.00 |
|
%
Ownership |
0.00 |
Bond
Holder |
|
|
Bond
Number |
|
Bond
Amount |
R
0.00 |
|
Comment |
|
||
|
Title
Deed No. |
T1905/2009 |
Erf/Site
No. |
3088 |
|
Deeds
Office |
VRYBURG |
Physical
Address |
KURUMAN |
|
Property
Type |
Freehold |
Extent
/ Size |
|
|
Purchase
Date |
2009/02/11 |
Purchase
price |
R18500.00 |
|
%
Ownership |
0.00 |
Bond
Holder |
|
|
Bond
Number |
|
Bond
Amount |
R
0.00 |
|
Comment |
|
||
|
|
|||
|
Title
Deed No. |
T1906/2009 |
Erf/Site
No. |
3113 |
|
Deeds
Office |
VRYBURG |
Physical
Address |
3113
JANSEN 1160-0020-000 KURUMAN |
|
Property
Type |
Freehold |
Extent
/ Size |
|
|
Purchase
Date |
2009/02/11 |
Purchase
price |
R18500.00 |
|
%
Ownership |
0.00 |
Bond
Holder |
|
|
Bond
Number |
|
Bond
Amount |
R
0.00 |
|
Comment |
|
||
|
|
|||
|
Title
Deed No. |
T1907/2009 |
Erf/Site
No. |
3116 |
|
Deeds
Office |
VRYBURG |
Physical
Address |
3116
JANSEN 1160-0020-000 KURUMAN |
|
Property
Type |
Freehold |
Extent
/ Size |
|
|
Purchase
Date |
2009/02/11 |
Purchase
price |
R18500.00 |
|
%
Ownership |
0.00 |
Bond
Holder |
|
|
Bond
Number |
|
Bond
Amount |
R
0.00 |
|
Comment |
|
||
|
Title
Deed No. |
T1908/2009 |
Erf/Site
No. |
3083 |
|
Deeds
Office |
VRYBURG |
Physical
Address |
3083
VAN WYK 1160-0020-000 KURUMAN |
|
Property
Type |
Freehold |
Extent
/ Size |
|
|
Purchase
Date |
2009/02/11 |
Purchase
price |
R18500.00 |
|
%
Ownership |
0.00 |
Bond
Holder |
|
|
Bond
Number |
|
Bond
Amount |
R
0.00 |
|
Comment |
|
||
|
Title
Deed No. |
T1913/2009 |
Erf/Site
No. |
3085 |
|
Deeds
Office |
VRYBURG |
Physical
Address |
3085
VAN WYK 1160-0020-000 KURUMAN |
|
Property
Type |
Freehold |
Extent
/ Size |
|
|
Purchase
Date |
2009/02/11 |
Purchase
price |
R18500.00 |
|
%
Ownership |
0.00 |
Bond
Holder |
|
|
Bond
Number |
|
Bond
Amount |
R
0.00 |
|
Comment |
|
||
|
Title
Deed No. |
T1947/2009 |
Erf/Site
No. |
3078 |
|
Deeds
Office |
VRYBURG |
Physical
Address |
3078
VAN WYK 1160-0020-000 KURUMAN |
|
Property
Type |
Freehold |
Extent
/ Size |
|
|
Purchase
Date |
2009/02/02 |
Purchase
price |
R18500.00 |
|
%
Ownership |
0.00 |
Bond
Holder |
|
|
Bond
Number |
|
Bond
Amount |
R
0.00 |
|
Comment |
|
||
|
|
|||
|
Title
Deed No. |
T1950/2009 |
Erf/Site
No. |
3079 |
|
Deeds
Office |
VRYBURG |
Physical
Address |
3079
VAN WYK 1160-0020-000 KURUMAN |
|
Property
Type |
Freehold |
Extent
/ Size |
|
|
Purchase
Date |
2009/02/02 |
Purchase
price |
R18500.00 |
|
%
Ownership |
0.00 |
Bond
Holder |
|
|
Bond
Number |
|
Bond
Amount |
R
0.00 |
|
Comment |
|
||
|
|
|||
|
Title
Deed No. |
T1959/2009 |
Erf/Site
No. |
3075 |
|
Deeds
Office |
VRYBURG |
Physical
Address |
3075
VAN WYK 1160-0020-000 KURUMAN |
|
Property
Type |
Freehold |
Extent
/ Size |
|
|
Purchase
Date |
2009/02/02 |
Purchase
price |
R18500.00 |
|
%
Ownership |
0.00 |
Bond
Holder |
|
|
Bond
Number |
|
Bond
Amount |
R
0.00 |
|
Comment |
|
||
|
Title
Deed No. |
T283/2010 |
Erf/Site
No. |
623 |
|
Deeds
Office |
VRYBURG |
Physical
Address |
21
BREE 1160-0050-000 KURUMAN |
|
Property
Type |
Freehold |
Extent
/ Size |
|
|
Purchase
Date |
2009/12/09 |
Purchase
price |
R1100000.00 |
|
%
Ownership |
0.00 |
Bond
Holder |
|
|
Bond
Number |
|
Bond
Amount |
R
0.00 |
|
Comment |
|
||
|
Title
Deed No. |
T3582/2010 |
Erf/Site
No. |
348 |
|
Deeds
Office |
MPUMALANGA |
Physical
Address |
2507-0000-000
ENTOKOZWENI |
|
Property
Type |
Farms |
Extent
/ Size |
|
|
Purchase
Date |
2009/02/24 |
Purchase
price |
R
2200000.00 |
|
%
Ownership |
0.00 |
Bond
Holder |
|
|
Bond
Number |
|
Bond
Amount |
R
0.00 |
|
Comment |
|
||
|
Title
Deed No. |
T4911/2009 |
Erf/Site
No. |
4506 |
|
Deeds
Office |
MPUMALANGA |
Physical
Address |
LYDENBURG |
|
Property
Type |
Freehold |
Extent
/ Size |
|
|
Purchase
Date |
2009/04/30 |
Purchase
price |
R
298762.00 |
|
%
Ownership |
0.00 |
Bond
Holder |
|
|
Bond
Number |
|
Bond
Amount |
R
0.00 |
|
Comment |
|
||
|
|
|||
|
Title
Deed No. |
T5101/2010 |
Erf/Site
No. |
737 |
|
Deeds
Office |
MPUMALANGA |
Physical
Address |
ENTOKOZWENI |
|
Property
Type |
Freehold |
Extent
/ Size |
|
|
Purchase
Date |
2010/01/19 |
Purchase
price |
R1586183.00 |
|
%
Ownership |
0.00 |
Bond
Holder |
|
|
Bond
Number |
|
Bond
Amount |
R
0.00 |
|
Comment |
|
||
|
|
|||
|
Title
Deed No. |
T532/2010 |
Erf/Site
No. |
1179 |
|
Deeds
Office |
VRYBURG |
Physical
Address |
34
MIMOSA 1160-0040-000 KURUMAN |
|
Property
Type |
Freehold |
Extent
/ Size |
|
|
Purchase
Date |
2010/02/17 |
Purchase
price |
R1000000.00 |
|
%
Ownership |
0.00 |
Bond
Holder |
|
|
Bond
Number |
|
Bond
Amount |
R
0.00 |
|
Comment |
|
||
|
Title
Deed No. |
T533/2010 |
Erf/Site
No. |
2144 |
|
Deeds
Office |
VRYBURG |
Physical
Address |
16
BEGONIA 1160-0080-000 KURUMAN |
|
Property
Type |
Freehold |
Extent
/ Size |
|
|
Purchase
Date |
2010/02/10 |
Purchase
price |
R1000000.00 |
|
%
Ownership |
0.00 |
Bond
Holder |
|
|
Bond
Number |
|
Bond
Amount |
R
0.00 |
|
Comment |
|
||
|
Title
Deed No. |
T537/2010 |
Erf/Site
No. |
4720 |
|
Deeds
Office |
VRYBURG |
Physical
Address |
1160-0070-000
KURUMAN |
|
Property
Type |
Freehold |
Extent
/ Size |
|
|
Purchase
Date |
2010/02/17 |
Purchase
price |
R1400000.00 |
|
%
Ownership |
0.00 |
Bond
Holder |
|
|
Bond
Number |
|
Bond
Amount |
R
0.00 |
|
Comment |
|
||
|
Title
Deed No. |
T538/2010 |
Erf/Site
No. |
2190 |
|
Deeds
Office |
VRYBURG |
Physical
Address |
29
HIBISCUS 1160-0080-000 KURUMAN |
|
Property
Type |
Freehold |
Extent
/ Size |
|
|
Purchase
Date |
2010/02/10 |
Purchase
price |
R1250000.00 |
|
%
Ownership |
0.00 |
Bond
Holder |
|
|
Bond
Number |
|
Bond
Amount |
R
0.00 |
|
Comment |
|
||
|
|
|||
|
Title
Deed No. |
T702/2010 |
Erf/Site
No. |
4671 |
|
Deeds
Office |
VRYBURG |
Physical
Address |
KURUMAN |
|
Property
Type |
Freehold |
Extent
/ Size |
|
|
Purchase
Date |
2010/02/10 |
Purchase
price |
R1400000.00 |
|
%
Ownership |
0.00 |
Bond
Holder |
|
|
Bond
Number |
|
Bond
Amount |
R
0.00 |
|
Comment |
|
||
Principals
|
Number of Principals |
0 |
|
Average Age of Active Principals |
0 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.62 |
|
|
1 |
Rs.99.12 |
|
Euro |
1 |
Rs.78.89 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
TPT |
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.