|
Report No. : |
306975 |
|
Report Date : |
18.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
HANDY SHOE DYES AND ADHESIVES MANUFACTURING COMPANY (PTY)
LTD |
|
|
|
|
Registered Office : |
27 29 Spring Street, Orphiton, Johannesburg, 2001, P O Box 42109, Fordsburg, 2033 |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
08.01.1962 |
|
|
|
|
Com. Reg. No.: |
M1962/000063/07 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Manufacturers
of Shoe Dyes and Adhesives. |
|
|
|
|
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 : |
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
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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 |
|
Registered Name |
HANDY SHOE DYES AND ADHESIVES MANUFACTURING COMPANY
(PTY)LTD |
|
Trading as/ Division Name |
Unavailable |
|
Previous Name |
Unavailable |
|
Date of Name Change |
Unavailable |
|
Registration Number |
M1962/000063/07 |
|
Registration Date |
1962/01/08 |
|
Date Commenced Trading |
1962 |
|
Age of Business |
53 Years 1 Months |
|
History of Business |
The subject commenced trading as a new company in 1962. |
|
History of Principals |
There are 3 active directors within the business. |
|
Shareholders/Members/Partners of subject and % holding |
Declined |
|
Authorised Share Capital |
|
|
Issued Share Capital/Members Contribution |
|
|
Status |
In Business |
|
Operations Assessment |
Manufacturers of shoe dyes and adhesives. |
|
Industry/ Customers |
Manufacturing |
|
Export |
Unknown |
|
Export Countries |
|
|
Import |
Unknown |
|
Import Countries |
|
|
Major Industry Code / SICC |
33593 |
|
Definition of Code |
Manufacture of adhesives, glues, sizes and adhesive cements |
|
Head Office Physical Address |
27 29 SPRING STREET, ORPHITON, JOHANNESBURG, 2001 |
|
Head Office Postal Address |
P O BOX 42109, FORDSBURG, 2033 |
|
Current Tel Number |
0114931743 |
|
Cell Number |
|
|
Current Fax Number |
0114930352 |
|
Current Email Address |
|
|
Web Site Address |
|
|
Comments |
|
|
Company Registered Name |
JCB (JHB) INCORPORATED |
|
Trading Name |
Unavailable |
|
Registration Number |
Unavailable |
|
Physical Address |
4 SEVENTH AVENUE,PARKTOWN NORTH,2193 |
|
Postal Address |
P O BOX 2152,PARKLANDS,2121 |
|
Contact Person |
Unavailable |
|
Contact Number |
0115371560 |
|
Email |
|
|
Principals |
|
|
Judgements Against Subject |
Unavailable |
|
Judgements Against Principals |
Unavailable |
|
Subject Verified as Client |
|
|
Practice Number |
913952E |
|
VAT Number |
Unavailable |
|
Tax Number |
Unavailable |
|
BEE Status |
Unavailable |
|
Financial Year End |
Unavailable |
|
No of years in Business |
Unknown |
|
Website |
|
|
Comment |
|
Previous Auditors Information - No Information on Record
|
Vat Number |
Unavailable |
|
Status |
|
|
Vat Liable Date |
|
|
Tax Number |
9261077847 |
|
Tax Clearance Expire Date |
|
|
Financial Year End |
February |
|
Comment |
|
|
Status |
|
|
Score |
|
|
Expire Date |
|
|
BEE Certificate Available |
|
|
Comment |
Unavailable |
|
Type of ISO Grade |
Unavailable |
|
ISO Certificate |
|
|
ISO Certificate Available |
|
|
Certified by an Accredited Agent |
|
|
Comment |
Unavailable |
|
Registered |
|
|
Compliance Certified |
|
|
Comment |
Unavailable |
|
Subsidiaries |
|
|
Subsidiary Company |
|
|
Shareholding |
|
|
Registration Number |
|
|
Import / Export |
|
|
Comment |
Unavailable |
|
Employees |
|
|
Number of Employees |
Unavailable |
|
1. Salaried employees |
|
|
2. Waged employees |
|
|
3. Permanent employees |
|
|
4. Casual employees |
|
|
5. Contracted employees |
|
|
Comment |
Unavailable |
Company Fleet
|
Company
Fleet |
No
of vehicles: |
Owned/Leased |
Value |
Outstanding
Balance |
|
Fleet Operations |
|
|
|
|
|
The Fleet is made up of |
|
|||
|
Comment |
Unavailable |
|||
Offices
|
Offices |
Offices |
|
|
Head Office Owned/ Rented |
|
|
|
Rental Company |
|
|
|
Owned by |
|
|
|
Value |
|
|
|
Bond |
|
|
|
Bank |
|
|
|
Lease Agreement |
|
|
|
Lease Expire Date |
|
|
|
Type of Premises |
|
|
|
Comment |
Unavailable |
|
|
Branch Information |
||
|
Branches Names |
Country |
Province |
|
|
|
|
|
Branch Detail Information |
||
|
Branches Owned/ Rented |
|
|
|
Rental Company |
|
|
|
Owned by |
|
|
|
Value |
|
|
|
Bond |
|
|
|
Bank |
|
|
|
Lease Agreement |
|
|
|
Lease Expire Date |
|
|
|
Type of Premises |
|
|
|
Comment |
Unavailable |
|
ORGANISATION
CHART
|
Level |
Position |
Name |
Comment |
|
|
|||
|
1 |
Director |
BHIMBHAI
DALUBHAI MISTRY |
|
|
|
|||
|
1 |
Director |
BHARATKUMAR
MISTY |
|
|
|
|||
|
1 |
Director |
DHIRAJLAL
DALUBHAI MISTRY |
|
Company Structure (Ownership)
Note: One level up and all levels down
|
Holding |
Company |
Sub |
Comment |
|
|
|
|
Unavailable |
Key Deals Signed within the past 12 month
|
Company |
Value |
Contact |
Comment |
|
|
|
|
Unavailable |
Trade Reference 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 |
STANDARD
BANK |
|
Branch |
Unavailable |
|
Brach
Code |
051001 |
|
Bank
Account Number |
Unavailable |
|
Type
of Account |
Unavailable |
|
Account
Name |
HANDY
SHOE DYES AND ADHESIVES MANUFACTURING COMPANY (PTY)LTD |
|
Overdraft
Facilities |
Unavailable |
|
Bank
Code |
Unavailable |
|
Bank
Comment |
Unavailable |
BANK CODE HISTORY - NO INFORMATION ON RECORD
PREVIOUS BANK ACCOUNT INFORMATION - NO INFORMATION ON RECORD
DEEDS INFORMATION - NO INFORMATION ON RECORD
Financial Estimates
|
CURRENT
ASSETS |
|
|
Stock |
|
|
Debtors |
|
|
FIXED
ASSETS |
|
|
Plant,
Equipment, Vehicles |
|
|
Property |
|
|
CURRENT
LIABILITIES |
|
|
Creditors |
|
|
Loans/
From? |
|
|
Loan
Details |
|
|
LONG
TERM LIABILITIES |
|
|
Morgage
Bonds |
|
|
Previous
Year Turnover |
|
|
Estimated
Current Year Turnover |
|
|
Current
Turnover per month |
|
|
Current
Turnover per annum |
|
|
Comment |
Unavailable |
|
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 |
|
Number
of Principals |
3 |
|
Average
Age of Active Principals |
73 |
|
Number
of Inactive Principals |
|
|
ACTIVE PRINCIPALS ACTIVE PRINCIPAL - 1 OF 3 BHIMBHAI DALUBHAI MISTRY |
|
|
Surname |
MISTRY |
|
First
Name |
BHIMBHAI
DALUBHAI |
|
Other
Names |
|
|
Marital
Status |
|
|
ID
Number |
3210085022057 |
|
Verified
ID Number |
No |
|
Current
Age |
82
Years 4 Months |
|
Designation |
|
|
Status |
Active |
|
Appointment
Date |
2006/05/23 |
|
Physical
Address (at time of Appointment) |
37
NEW FOREST ROAD, FOREST TOWN, 2193 |
|
Postal
Address |
P
O BOX 42109, FORDSBURG, 2033 |
|
Current
Tel Number |
|
|
Cell
number |
|
|
Shareholding/Membership |
0.00 |
PRINCIPAL'S ADVERSE - NO INFORMATION ON RECORD
Business
Information for BHIMBHAI DALUBHAI MISTRY
Principal Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
HANDY SHOE DYES AND ADHESIVES MANUFACTURING COMPANY (PTY)LTD |
M1962/000063/07 |
In Business |
53 Years 5 Months |
0 |
No |
|
PRINCIPAL'S PREVIOUS BUSINESS INTERESTS - NO INFORMATION ON RECORD
PRINCIPAL'S DEEDS INFORMATION - NO INFORMATION ON RECORD
ACTIVE PRINCIPAL - 2 OF 3
BHARATKUMAR MISTRY
|
Surname |
MISTRY |
|
First
Name |
BHARATKUMAR |
|
Other
Names |
|
|
Marital
Status |
|
|
ID
Number |
5006035115056 |
|
Verified
ID Number |
Yes |
|
Current
Age |
Unknown |
|
Designation |
Director |
|
Status |
Active |
|
Appointment
Date |
1989/11/10 |
|
Physical
Address (at time of Appointment) |
37
NEW FOREST ROAD, FOREST TOWN, 2193 |
|
Postal
Address |
PO
BOX 42109, FORDSBURG, 2033 |
|
Current
Tel Number |
|
|
Cell
number |
|
|
Shareholding/Membership |
0.00 |
PRINCIPAL'S ADVERSE - NO INFORMATION ON RECORD
Business Information for BHARATKUMAR MISTRY
Principal Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
HANDY FOREST PROPERTY (PTY)LTD |
M2005/039595/07 |
In Business |
10 Years 10 Months |
0 |
No |
|
|
HANDY PROPERTIES (PTY)LTD |
M1985/004221/07 |
In Business |
30 Years 6 Months |
0 |
No |
|
|
HANDY SHOE DYES AND ADHESIVES MANUFACTURING COMPANY (PTY)LTD |
M1962/000063/07 |
In Business |
53 Years 5 Months |
0 |
No |
|
PRINCIPAL'S PREVIOUS BUSINESS INTERESTS - NO INFORMATION ON RECORD
PRINCIPAL'S DEEDS INFORMATION - NO INFORMATION ON RECORD
Active Principal - 3 of 3
DHIRAJLAL MISTRY
|
Surname |
MISTRY |
|
First
Name |
DHIRAJLAL |
|
Other
Names |
|
|
Marital
Status |
|
|
ID
Number |
4205045105054 |
|
Verified
ID Number |
Yes |
|
Current
Age |
72
Years 9 Months |
|
Designation |
Both
Director and Office |
|
Status |
Active |
|
Appointment
Date |
1973/01/05 |
|
Physical
Address (at time of Appointment) |
37
FOREST ROAD, FOREST TOWN, 2193 |
|
Postal
Address |
PO
BOX 42109, FORDSBURG, 2033 |
|
Current
Tel Number |
0114931743 |
|
Cell
number |
|
|
Shareholding/Membership |
0.00 |
PRINCIPAL'S ADVERSE - NO INFORMATION ON RECORD
BUSINESS INFORMATION FOR DHIRAJLAL MISTRY
PRINCIPAL CURRENT BUSINESS INTERESTS
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
HANDY FOREST PROPERTY (PTY)LTD |
M2005/039595/07 |
In Business |
10 Years 10 Months |
0 |
No |
|
|
HANDY PROPERTIES (PTY)LTD |
M1985/004221/07 |
In Business |
30 Years 6 Months |
0 |
No |
|
|
HANDY SHOE DYES AND ADHESIVES MANUFACTURING COMPANY (PTY)LTD |
M1962/000063/07 |
In Business |
53 Years 5 Months |
0 |
No |
|
PRINCIPAL'S
PREVIOUS BUSINESS INTERESTS - NO INFORMATION ON RECORD
PRINCIPAL'S DEEDS
INFORMATION - NO INFORMATION ON RECORD
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.20 |
|
|
1 |
Rs.95.99 |
|
Euro |
1 |
Rs.71.00 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
NIT |
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.