|
Report Date : |
20.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
ROCK
TOOL SERVICES CC |
|
|
|
|
Registered Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
18.10.1985 |
|
|
|
|
Com. Reg. No.: |
B1985/012266/23 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Manufacture
of Machinery for Mining, Quarrying and Construction |
|
|
|
|
No of Employees : |
84 |
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 – 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 |
ROCK
TOOL SERVICES CC |
|
Country |
South
Africa |
|
Assessment |
On
investigation contact was made with ANIETA VISSER the financial manager who
assisted with information. The subject is meeting commitments timeously with their
suppliers. We obtained a bank code C for R 15 000 000 over a period of 30
days. We are just confirming the Principals' ownership of the properties
T34651/1994 and T23690/2000 and will revert soonest. Please see the available
information on the subject below. |
|
Registered
Name |
ROCK
TOOL SERVICES CC |
|
Trading
as/ Division Name |
ROCK
TOOL SERVICES |
|
Previous
Name |
None |
|
Date
of Name Change |
None |
|
Registration
Number |
B1985/012266/23 |
|
Registration
Date |
1985/10/18 |
|
Date
Commenced Trading |
1985-10-18 |
|
Age
of Business |
28
Years 11 Months |
|
History
of Business |
The
subject was established and began operation in 1985-10-18. |
|
History
of Principals |
There
are 2 active members within the business. |
|
Shareholders/Members/Partners
of subject and % holding |
50 % - PETER
MARCUS NYS, 50 % - RENE EUGENIUS NYS |
|
Authorised
Share Capital |
|
|
Issued
Share Capital/Members Contribution |
R
200.00 |
|
Status |
In
Business |
|
Operations
Assessment |
The
subjects main operation is to manufacture rock drills. The operations further
extend to the repairing of air legs. |
|
Industry/
Customers |
The
subject supplies to the mining industry. |
|
Export |
Yes |
|
Export
Countries |
|
|
Import |
Yes |
|
Import
Countries |
India |
|
Major
Industry Code / SICC |
35740 |
|
Definition
of Code |
Manufacture
of machinery for mining, quarrying and construction |
|
Head
Office Physical Address |
64
RAILWAY STREET, OBERHOLZER, 2490 |
|
Head
Office Postal Address |
PO
BOX 1181, CARLETONVILLE, 2500 |
|
Current
Tel Number |
0187861013 |
|
Cell
Number |
0827835812 |
|
Current
Fax Number |
0187884842 |
|
Current
Email Address |
|
|
Web
Site Address |
None |
|
Comments |
|
|
Company
Registered Name |
JJ
HOLTZHAUSEN CC |
|
Trading
Name |
WEBER
LE ROUX |
|
Registration
Number |
B2002/052084/23 |
|
Physical
Address |
86
OLIVIER STREET, NOORDHEUWEH, KRUGERSDORP |
|
Postal
Address |
PO
BOX 6402, GREENHILLS, 1767 |
|
Contact
Person |
JACOBUS
HOLTZHAUSEN |
|
Contact
Number |
0119545985 |
|
Email |
|
|
Principals |
1 |
|
Judgements
Against Subject |
None
On Record |
|
Judgements
Against Principals |
None
On Record |
|
Subject
Verified as Client |
Yes |
|
Practice
Number |
654761 |
|
VAT
Number |
4010199901 |
|
Tax
Number |
9042618141 |
|
BEE
Status |
Unavailable |
|
Financial
Year End |
February |
|
No
of years in Business |
12
Years 2 Months |
|
Website |
Unavailable |
|
Comment |
|
Previous Auditors Information - No Information on Record
|
Vat
Number |
4850105414 |
|
Status |
ACTIVE |
|
Vat
Liable Date |
1991/09/30 |
|
Tax
Number |
9190122623 |
|
Tax
Clearance Expire Date |
2015/06/04 |
|
Financial
Year End |
February |
|
Comment |
|
|
Black
Economic Empowerment |
|
|
Status |
Yes |
|
Score |
2.00 |
|
Expire
Date |
Apr
72015 |
|
BEE
Certificate Available |
Yes |
|
Comment |
BEE
certificate has been received and will be emailed with the report. |
|
ISO Status |
|
|
Type
of ISO Grade |
|
|
ISO
Certificate |
|
|
ISO
Certificate Available |
|
|
Certified
by an Accredited Agent |
|
|
Comment |
The
subject could not provide any information on the ISO rating |
|
Workman's
compensation |
|
|
Registered |
Yes |
|
Compliance
Certified |
Yes |
|
Comment |
|
Subsidiaries
|
Subsidiary
Company |
|
|
Shareholding |
|
|
Registration
Number |
|
|
Import
/ Export |
|
|
Comment |
There
are no subsidiary companies within the business |
Employees
|
Number
of Employees |
84 |
|||
|
1.
Salaried employees |
68 |
|||
|
2.
Waged employees |
16 |
|||
|
3.
Permanent employees |
68 |
|||
|
4.
Casual employees |
16 |
|||
|
5.
Contracted employees |
0 |
|||
|
Comment |
|
|||
|
Company
Fleet |
||||
|
Company
Fleet |
No
of vehicles: |
Owned/Leased |
Value |
Outstanding
Balance |
|
Fleet
Operations |
|
|
|
|
|
The
Fleet is made up of |
20 |
|||
|
Comment |
|
|||
|
Cars |
4 |
Owned |
R
2075135.00 |
|
|
Light
delivery Vehicles |
13 |
Owned |
R
2397211.00 |
|
|
Trailers |
2 |
Owned |
R
27000.00 |
|
|
Trucks |
1 |
Owned |
R
286691.00 |
|
Offices
|
Offices |
Offices |
|
Head
Office Owned/ Rented |
Owned |
|
Rental
Company |
|
|
Owned
by |
ROCK
TOOL SERVICES CC |
|
Value |
R1500000.00 |
|
Bond |
|
|
Bank |
|
|
Lease
Agreement |
|
|
Lease
Expire Date |
|
|
Type
of Premises |
Declined |
|
Comment |
The
value displayed on the current deeds data received indicates the value of the
property to be R 450 000. Yet after time and upgrades to the property, the
director has given us an updated value of R 1 500 000 |
Brach Information
|
Branches Names |
Country |
Province |
|
STEELPOORT |
South Africa |
MPUMALANGA |
|
Branch
Detail Information |
||
|
Branches
Owned/ Rented |
Leased |
|
|
Rental
Company |
KADOMA
INVESTMENTS |
|
|
Owned
by |
|
|
|
Value |
|
|
|
Bond |
|
|
|
Bank |
|
|
|
Lease
Agreement |
|
|
|
Lease
Expire Date |
|
|
|
Type
of Premises |
Declined |
|
|
Comment |
|
|
Organization Chart
|
Level |
Position |
Name |
Comment |
|
|
|||
|
1 |
MEMBER |
PETER MARCUS NYS |
|
|
|
|||
|
2 |
Financial manager |
A VISSER |
|
|
|
|||
|
2 |
Regional manager |
B REYNEKE |
|
|
|
|||
|
2 |
Regional manager |
D FORD |
|
|
|
|||
|
2 |
Production
manager |
A PIENAAR |
|
|
|
|||
|
2 |
Production
manager |
A NYS |
|
Company Structure
(Ownership)
Note: One level up
and all levels down
|
Holding |
Company |
Sub |
Comment |
|
50% -
PETER MARCUS NYS |
ROCK TOOL SERVICES CC |
|
|
|
50% -
RENE EUGENIUS NYS |
ROCK TOOL SERVICES CC |
|
|
Key deals signed
within the past 12 months.
|
Company |
Value |
Contact |
Comment |
|
SAMANCOR |
R 3500000.00 |
HEIDI VAN EEDEN
-0132307060 |
|
|
AQUARIUS |
R 7200000.00 |
SUE-ANNE ENGELBRECHT -0145364514 |
|
Trade References
|
Trade Reference nr |
Supplier |
Contact |
Surety
Value |
Notarial Bonds |
Comment |
|
1 |
GECOR |
0117635917 |
|
|
|
|
2 |
HULAMIN |
0112060200 |
|
|
|
|
3 |
DELCON |
0118923195 |
|
|
|
Trade References Detail
|
Nr |
Age
of Acc |
Terms |
Average
Purchases |
Terms
Taken |
Comment |
|
1 |
20 Years |
90 Days |
R 985000 |
90 Days |
This is an excellent account. The subject as an
open account with their suppliers. |
|
2 |
16 Years |
30 Days |
R 228709 |
30 Days |
This is a very good account. |
|
3 |
15 Years |
30 Days |
R 44995 |
30 Days |
This is a very good account. The subject as an
open account with their suppliers. |
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 |
CARLETONVILLE |
|
Brach Code |
632005 |
|
Bank
Account Number |
1033760287 |
|
Type of
Account |
CHEQUE |
|
Account
Name |
ROCK TOOL
SERVICES CC |
|
Overdraft
Facilities |
NO |
|
Bank Code |
C FOR -
R15000000 |
|
Bank
Comment |
The
subject's bankers consider them good for all normal business engagements |
Bank Code History - No Information on Record
Previous Bank Account Information - No Information on Record
Property Interests for Company ROCK TOOL SERVICES CC
|
Title Deed
No. |
T34227/1991 |
Erf/Site
No. |
962 |
|
Deeds
Office |
PRETORIA |
Physical
Address |
64 RAILWAY 2334-0200-000
OBERHOLZER |
|
Property
Type |
Farms |
Extent /
Size |
300400.00000000 |
|
Purchase
Date |
1991/04/30 |
Purchase
price |
R
200000.00 |
|
%
Ownership |
0.00 |
Bond
Holder |
BANKORP
LTD |
|
Bond
Number |
B695981992 |
Bond
Amount |
R
450000.00 |
|
Comment |
|
||
Financial Estimates
|
CURRENT
ASSETS |
|
|
Stock |
R
256985.00 |
|
Debtors |
R
7906636.00 |
|
FIXED
ASSETS |
|
|
Plant,
Equipment, Vehicles |
R
905794950.00 |
|
Property |
R1500000.00 |
|
CURRENT
LIABILITIES |
|
|
Creditors |
R
82814944.00 |
|
Loans/
From? |
|
|
Loan
Details |
|
|
LONG TERM
LIABILITIES |
|
|
Morgage
Bonds |
|
|
Previous
Year Turnover |
|
|
Estimated
Current Year Turnover |
R
34900000.00 |
|
Current
Turnover per month |
R
5000000.00 |
|
Current
Turnover per annum |
R
34951375.00 |
|
Comment |
|
|
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 |
PRINCIPALS
|
Number of
Principals |
2 |
|
Average
Age of Active Principals |
58 |
|
Active Principals Active Principal - 1 of 2 PETER NYS |
|
|
Surname |
NYS |
|
First Name |
PETER |
|
Other
Names |
MARCUS |
|
Marital
Status |
|
|
ID Number |
5701285066005 |
|
Verified ID
Number |
Yes |
|
Current
Age |
57 Years 8
Months |
|
Designation |
MEMBER |
|
Status |
Active |
|
Appointment
Date |
|
|
Physical
Address (at time of Appointment) |
WESTON
STREET 12, NOORDHEUWEL EXT 4, MOGALE CITY 1739 |
|
Postal
Address |
P O BOX 1181,
CARLETONVILLE, 2050 |
|
Current
Tel Number |
0149191013 |
|
Cell
number |
0827835812 |
|
Shareholding/Membership |
50% |
Business Information
for PETER NYS
Principal Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
COMPILE PROMOTIONS CC |
B2009/212860/23 |
Deregistration Process |
5 Years 5
Months |
0 |
No |
|
DRC
PROPERTIES (CARLTONVILLE) CC |
B1987/015339/23 |
In
Business |
27 Years 3
Months |
0 |
No |
|
NEYCO MANUFACTURING AND RECONDITIONING CC |
1985/013580/23 |
In
Business |
29 Years 5
Months |
0 |
No |
|
ROCK TOOL
SERVICES CC |
B1985/012266/23 |
Deregistration Process |
29 Years 5
Months |
0 |
No |
|
SABRE
STICH CC |
B1995/032722/23 |
In
Liquidation |
19 Years 7
Months |
0 |
Yes |
|
SEW CARE
CC |
B1996/026283/23 |
In
Business |
18 Years 6
Months |
0 |
No |
|
SILVEX 50
CC |
2003/095169/23 |
Deregistration Process |
11 Years
11 Months |
0 |
No |
Principal Previous Business Interests
Average Age of Previous Business 17 Years
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
COMPILE PROPERTIES CC |
B1987/025554/23 |
In Business |
27 Years 3 Months |
0 |
No |
|
SABRE
SHUBANE TECHNOLOGIES (PTY)LTD |
M2007/025477/07 |
In Business |
7 Years 7 Months |
0 |
No |
Principal Deeds
Information
Property Interests for PETER NYS
|
Title Deed
No. |
T56030/1998 |
Erf/Site
No. |
0 |
|
Deeds
Office |
JOHANNESBURG |
Physical
Address |
12 WESTON NOORDHEUWEL
KRUGERSDORP |
|
Property
Type |
E |
Extent /
Size |
1344 SQM |
|
Purchase
Date |
1998/05/04 |
Purchase
price |
R913000.00 |
|
%
Ownership |
0.00 |
Bond
Holder |
|
|
Bond
Number |
|
Bond
Amount |
R 0.00 |
|
Comment |
|
||
|
Property Interests
for PETER NYS |
|||
|
Title Deed
No. |
T34651/1994 |
Erf/Site
No. |
863 |
|
Deeds
Office |
JOHANNESBURG |
Physical
Address |
75
LINDHOUT KRUGERSDORP |
|
Property
Type |
F |
Extent /
Size |
|
|
Purchase
Date |
1994/02/08 |
Purchase
price |
R
205000.00 |
|
%
Ownership |
0.00 |
Bond
Holder |
ABSA BANK
LTD |
|
Bond
Number |
B398491994 |
Bond
Amount |
R185000.00 |
|
Comment |
|
||
|
Property
Interests for PETER NYS |
|||
|
Title Deed
No. |
T56030/1998 |
Erf/Site
No. |
1065 |
|
Deeds
Office |
JOHANNESBURG |
Physical
Address |
12 WESTON
KRUGERSDORP |
|
Property
Type |
F |
Extent /
Size |
1344.00000000 |
|
Purchase
Date |
1998/03/17 |
Purchase
price |
R 913.00 |
|
%
Ownership |
0.00 |
Bond
Holder |
|
|
Bond
Number |
|
Bond
Amount |
R 0.00 |
|
Comment |
|
||
Active Principal – 2 of 2
RENE NYS
|
Surname |
NYS |
|
First Name |
RENE |
|
Other
Names |
EUGENIUS |
|
Marital
Status |
Married |
|
ID Number |
5407045042001 |
|
Verified
ID Number |
Yes |
|
Current
Age |
60 Years 2
Months |
|
Designation |
MEMBER |
|
Status |
Active |
|
Appointment
Date |
|
|
Physical
Address (at time of Appointment) |
220
OUDEDORP FARM, POTCHEFSTROOM, |
|
Postal
Address |
PO BOX
1181, CARLETONVILLE, |
|
Current
Tel Number |
0182008083 |
|
Cell
number |
0824475078 |
|
Shareholding/Membership |
50% |
Business Information for RENE NYS
Principal Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
DRC
PROPERTIES (CARLTONVILLE) CC |
B1987/015339/23 |
In
Business |
27 Years 3
Months |
0 |
No |
|
NEYCO MANUFACTURING AND RECONDITIONING CC |
1985/013580/23 |
In
Business |
29 Years 5
Months |
0 |
No |
|
RENMAU
FARMS |
5407045042001 |
|
Unknown |
0 |
No |
|
ROCK TOOL
SERVICES CC |
B1985/012266/23 |
Deregistration
Process |
29 Years 5
Months |
0 |
No |
|
SABRE
STICH CC |
B1995/032722/23 |
In
Liquidation |
19 Years 7
Months |
0 |
Yes |
Principal Previous Business
Interests
Average Age of Previous Business 12 Years
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
SABRE
SHUBANE TECHNOLOGIES (PTY)LTD |
M2007/025477/07 |
In Business |
7 Years 7 Months |
0 |
No |
|
SEW CARE CC |
B1996/026283/23 |
In Business |
18 Years 6 Months |
0 |
No |
Principal Deeds
Information
Property Interests for RENE NYS
|
Title Deed
No. |
T23690/2000 |
Erf/Site
No. |
485 |
|
Deeds
Office |
PRETORIA |
Physical
Address |
TLOKWE
CITY COUNCIL RURAL |
|
Property
Type |
F |
Extent /
Size |
|
|
Purchase
Date |
1999/11/15 |
Purchase
price |
R177500.00 |
|
%
Ownership |
0.00 |
Bond
Holder |
|
|
Bond
Number |
|
Bond
Amount |
R 0.00 |
|
Comment |
|
||
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.81 |
|
|
1 |
Rs.100.06 |
|
Euro |
1 |
Rs.78.47 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
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.