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Report No. : |
316930 |
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Report Date : |
15.04.2015 |
IDENTIFICATION
DETAILS
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Name : |
C AND J SERVICES AUTOMOTIVE CC |
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Registered Office : |
490 Sydney Road, Durban, 4001, P.O. Box 17278, Congella, 4013, Durban |
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Country : |
South Africa |
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Date of
Incorporation : |
25.06.1987 |
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Com. Reg. No.: |
B1987/014559/23 |
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Legal Form : |
Closed Corporation |
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Line of Business : |
The subject operates as a manufacturer and distributor of quality automotive components. |
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No. of Employees : |
Not Available |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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 – December 31, 2014
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Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
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South Africa |
A2 |
A2 |
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Risk Category |
ECGC Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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 Africa’s largest and among the top 20 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, and GDP fell nearly 2% in 2009 but has recovered since then, albeit slowly, with 2014 growth less than 2%. Unemployment, poverty, and inequality - among the highest in the world - remain a challenge. Official unemployment is roughly 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. Load shedding and resulting rolling blackouts gripped many parts of South Africa in late 2014 because of electricity supply constraints that resulted from technical problems at some generation units, unavoidable planned maintenance, and an accident at a power station in Mpumalanga province. The rolling black outs were the worst the country faced since 2008. Construction delays at two additional plants, however, mean South Africa will continue to operate 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 faces structural constraints that also limit economic growth, such as skills shortages, declining global competitiveness and frequent work stoppages. 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.
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Source : CIA |
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Subject Name |
C AND J SERVICES AUTOMOTIVE CC |
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Country |
South Africa |
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Subject Contact Person |
KATHY - FINANCIAL MANAGER |
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Assessment |
On investigation contact was made with KATHY the financial manager of the business who declined to assist with the information. The subject declined on the basis of the principal enquirer be revealed in order for the information to be divulged. This is a well-established business. Please see the available information on the subject below. |
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Registered Name |
C AND J SERVICES AUTOMOTIVE CC |
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Trading as/ Division Name |
C & J BUSINESS CENTRE |
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Previous Name |
None |
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Date of Name Change |
None |
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Registration Number |
B1987/014559/23 |
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Registration Date |
1987/06/25 |
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Date Commenced Trading |
1987-06-25 |
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Age of Business |
27 Years 10 Months |
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History of Business |
The subject commenced trading as a new business in 1987. |
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History of Principals |
There is 1 active member within the business. |
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Shareholders/Members/Partners of subject and % holding |
80% - JOHN JAMES FRYER |
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Authorised Share Capital |
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Issued Share Capital/Members Contribution |
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Status |
In Business |
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Operations Assessment |
The subject operates as a manufacturer and distributor of quality automotive components. |
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Industry/ Customers |
The subject supply's the Motor industry worldwide. |
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Export |
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Export Countries |
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Import |
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Import Countries |
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Major Industry Code / SICC |
38302 |
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Definition of Code |
Activities of specialised automotive engineering workshops. |
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Head Office Physical Address |
490 Sydney Road, Durban, 4001 |
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Head Office Postal Address |
P.O. Box 17278, Congella, 4013, Durban, South Africa |
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Current Tel Number |
0312059365 |
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Cell Number |
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Current Fax Number |
0312058717 |
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Current Email Address |
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Web Site Address |
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Comments |
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Company Registered Name |
RSM BETTY AND DICKSON (DURBAN) MANAGEMENT SERVICES CC |
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Trading Name |
RSM BETTY AND DICKSON (DURBAN |
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Registration Number |
B1986/016653/23 |
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Physical Address |
Block A Surrey Park,6 Barham Road, Westville,3629 |
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Postal Address |
PO Box 2120,Westville,3630 |
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Contact Person |
JOHN |
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Contact Number |
0312669222 |
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Principals |
3 |
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Judgements Against Subject |
None |
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Judgements Against Principals |
None |
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Subject Verified as Client |
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Practice Number |
902950 |
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VAT Number |
4740105210 |
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Tax Number |
9126046201 |
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BEE Status |
Unavailable |
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Financial Year End |
February |
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No of years in Business |
28 Years 7 Months |
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Website |
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Comment |
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Previous Auditors Information - No Information on Record
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Vat Number |
4240105843 |
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Status |
ACTIVE |
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Vat Liable Date |
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Tax Number |
9041545204 |
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Tax Clearance Expire Date |
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Financial Year End |
June |
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Comment |
|
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Black Economic Empowerment Information - No Information on Record |
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ISO Status |
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Type of ISO Grade |
9001 |
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ISO Certificate |
Yes |
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ISO Certificate Available |
No |
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Certified by an Accredited Agent |
Yes |
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Comment |
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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
Organisation Chart
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Level |
Position |
Name |
Comment |
Company Structure
(Ownership)
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Holding |
Company |
Sub |
Comment |
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80% - JOHN JAMES FRYER |
C AND J SERVICES AUTOMOTIVE CC |
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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
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Number of
Principals |
1 |
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Average Age of
Active Principals |
73 |
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Number of Inactive
Principals |
|
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Active Principals Active Principal - 1 of 1 JOHN FRYER |
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Surname |
FRYER |
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First Name |
JOHN |
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Other Names |
JAMES |
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Marital Status |
Married |
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ID Number |
4210045081008 |
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Verified ID Number |
Yes |
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Current Age |
72 Years 6 Months |
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Designation |
MEMBER |
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Status |
Active |
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Appointment Date |
1987/06/25 |
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Physical Address
(at time of Appointment) |
FLAT 1, HERTFORD,
747 MUSGRAVE ROAD, DURBAN, 4001 |
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Postal Address |
PO BOX 17278,
CONGELLA, 4013 |
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Current Tel Number |
0312059365 |
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Cell number |
|
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Shareholding/Membership |
80% |
Principal's Adverse - No information on record
Business Information for JOHN FRYER
Principal Current Business Interests
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Company
Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
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BASFOUR
2164 (PTY)LTD |
M2000/012121/07 |
In
Business |
14
Years 10 Months |
0 |
No |
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BASFOUR
2165 (PTY)LTD |
M2000/012041/07 |
Deregistration
Final |
14
Years 10 Months |
0 |
No |
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BASFOUR
2514 (PTY)LTD |
M2001/022265/07 |
In
Business |
13
Years 7 Months |
0 |
No |
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C
AND J PROPERTIES CC |
B1989/037453/23 |
In
Business |
25
Years 5 Months |
0 |
No |
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C
AND J SERVICES (PTY)LTD |
M2005/018282/07 |
In
Business |
9
Years 11 Months |
0 |
No |
|
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C
AND J SERVICES AUTOMOTIVE CC |
B1987/014559/23 |
In
Business |
27
Years 10 Months |
0 |
No |
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C
AND J SPARES (PTY)LTD |
M2002/004974/07 |
In
Business |
13
Years 1 Months |
0 |
No |
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CALCAIRE PROPERTIES (PTY)LTD |
M1968/005892/07 |
In
Business |
46
Years 11 Months |
0 |
No |
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DERWIL PROPERTIES
1992 (PTY)LTD |
M1992/002858/07 |
In
Business |
22
Years 11 Months |
0 |
No |
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FORDSBURG
PROPERTIES (PTY)LTD |
M1938/011462/07 |
In
Business |
76
Years 9 Months |
0 |
No |
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PRECISE
ENGINEERING INDUSTRIES (PTY)LTD |
M1981/001233/07 |
Deregistration
Final |
34
Years 2 Months |
0 |
No |
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UNIVERSAL
STEEL STRUCTURES (PTY)LTD |
K2012/093205/07 |
In
Business |
2
Years 11 Months |
0 |
No |
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Average Age of
Previous Business - 26 Years
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Company
Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
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H
L J PROPERTY INVESTMENTS CC |
B1988/015387/23 |
In
Business |
26
Years 10 Months |
0 |
No |
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Principal Previous Business Interests
Property Interests for JOHN FRYER
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Title Deed No. |
T34599/1995 |
Erf/Site No. |
196 |
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Deeds Office |
PIETERMARITZBURG |
Physical Address |
7 DICKENS DURBAN |
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Property Type |
F |
Extent / Size |
452.00000000 |
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Purchase Date |
1995/08/14 |
Purchase price |
R 85.00 |
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% Ownership |
0.00 |
Bond Holder |
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Bond Number |
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Bond Amount |
R 0.00 |
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Comment |
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FOREIGN EXCHANGE
RATES
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Currency |
Unit
|
Indian Rupees |
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US Dollar |
1 |
Rs.62.40 |
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UK Pound |
1 |
Rs.92.15 |
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Euro |
1 |
Rs.66.48 |
INFORMATION
DETAILS
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Analysis Done by : |
SUB |
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Report Prepared by
: |
VNT |
RATING
EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not recommended |
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-- |
NB |
New Business |
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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.