|
Report No. : |
308480 |
|
Report Date : |
21.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
COMBINED
STAINLESS STEEL DISTRIBUTORS (PTY) LTD |
|
|
|
|
Formerly Known As : |
COMBINED
STAINLESS STEEL |
|
|
|
|
Registered Office : |
8
Main Reef Road, Primrose, Germiston, 1401, P.O. Box 752698, Gardenview, 2047 |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
10.02.1997 |
|
|
|
|
Com. Reg. No.: |
M1997/001774/07 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Subject
supply stainless steel, ball valves, fittings and long products. |
|
|
|
|
No. of Employee : |
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 |
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|
|
|
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 – 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 |
|
Subject
Name |
COMBINED STAINLESS STEEL DISTRIBUTORS (PTY)
LTD |
|
Country |
South
Africa |
|
Subject
Contact Person |
QUEEN
KEKANA - FINANCIAL MANAGER |
|
Assessment |
This is a well-established
business. On investigation contact was made with QUEEN KEKANA the financial
manager who requested a questionnaire to be sent, then she forwarded it on to
management. It was decided by the directors that they will not divulge any of
the information. Please note there is reported to be a possible judgement
against the subject.. Please see information obtained below. |
|
Registered
Name |
COMBINED
STAINLESS STEEL DISTRIBUTORS (PTY)LTD |
|
Trading
as/ Division Name |
COMBINED
STAINLESS STEEL |
|
Previous
Name |
None |
|
Date of
Name Change |
None |
|
Registration
Number |
M1997/001774/07 |
|
Registration
Date |
1997/02/10 |
|
Date
Commenced Trading |
1997-02-10 |
|
Age of
Business |
18 Years |
|
History of
Business |
The subject
commenced trading as a new company in 1997 |
|
History of
Principals |
There are
3 active principals within the subject |
|
Shareholders/Members/Partners
of subject and % holding |
Unavailable |
|
Authorised
Share Capital |
|
|
Issued Share
Capital/Members Contribution |
|
|
Status |
In
Business |
|
Operations
Assessment |
The
subject supply stainless steel, ball valves, fittings and long products |
|
Industry/
Customers |
Engineering
industry and small companies |
|
Export |
|
|
Export Countries |
|
|
Import |
|
|
Import
Countries |
|
|
Major
Industry Code / SICC |
35101 |
|
Definition
of Code |
Basic iron
and steel industries, except steel pipe and tube mills |
|
Head
Office Physical Address |
8 MAIN
REEF ROAD, PRIMROSE, GERMISTON, 1401 |
|
Head
Office Postal Address |
P.O. BOX
752698, GARDENVIEW, 2047 |
|
Current
Tel Number |
0114375917 |
|
Cell
Number |
0827812403 |
|
Current
Fax Number |
0114375916 |
|
Current
Email Address |
|
|
Web Site
Address |
Unavailable |
|
Comments |
|
|
Company
Registered Name |
BDO SOUTH
AFRICA INC |
|
Trading
Name |
|
|
Registration
Number |
M1995/002310/21 |
|
Physical
Address |
22 WELLINGTON
ROAD, PARKTOWN, JOHANNESBURG, GAUTENG, 2193 |
|
Postal
Address |
22
WELLINGTON ROAD, PARKTOWN, JOHANNESBURG, GAUTENG, 2193 |
|
Contact
Person |
|
|
Contact
Number |
|
|
Email |
|
|
Principals |
37 |
|
Judgements
Against Subject |
|
|
Judgements
Against Principals |
|
|
Subject
Verified as Client |
|
|
Practice
Number |
905526E |
|
VAT Number |
4910148685 |
|
Tax Number |
9040488844 |
|
BEE Status |
|
|
Financial
Year End |
|
|
No of
years in Business |
5 Years 1
Months |
|
Website |
|
|
Comment |
|
PREVIOUS AUDITORS
INFORMATION - NO INFORMATION ON RECORD
|
Vat Number |
|
|
Status |
|
|
Vat Liable
Date |
|
|
Tax Number |
9188273842 |
|
Tax
Clearance Expire Date |
|
|
Financial
Year End |
June |
|
Comment |
|
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
ORGANISATION CHART
|
Level |
Position |
Name |
Comment |
|
|
|||
|
1 |
DIRECTOR |
INGRID
DOBRAUTZ REIBER |
|
|
|
|||
|
1 |
DIRECTOR |
SEAN
FRANCOIS STEWART |
|
|
|
|||
|
1 |
DIRECTOR |
KNUD JAKOB
THIES |
|
|
|
|||
|
2 |
FINANCIAL
MANAGER |
QUEEN
KEKANA |
|
COMPANY STRUCTURE
INFORMATION - NO INFORMATION ON RECORD
NOTE: ONE LEVEL UP
AND ALL LEVELS DOWN
KEY DEALS - NO
INFORMATION ON RECORD
TRADE REFERENCES
INFORMATION - NO INFORMATION ON RECORD
Judgements
|
Judgements |
No
Information on Record |
|
Possible
Judgements |
1 |
|
Civil
Court |
No
Information on Record |
|
RDs |
No
Information on Record |
|
Comment |
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 |
3 |
|
Average Age
of Active Principals |
61 |
|
Number of
Inactive Principals |
|
|
Active
Principals Active
Principal - 1 of 3 INGRID
DOBRAUTZ |
|
|
Surname |
DOBRAUTZ |
|
First Name |
INGRID |
|
Other
Names |
REIBER |
|
Marital
Status |
|
|
ID Number |
5404030680184 |
|
Verified
ID Number |
No |
|
Current
Age |
60 Years
10 Months |
|
Designation |
DIRECTOR |
|
Status |
Active |
|
Appointment
Date |
2005/12/12 |
|
Physical
Address (at time of Appointment) |
7 MONTAGU,
PRITCHARD STREET, NORTHRIDING, 2194 |
|
Postal
Address |
P O BOX
569, FOURWAYS, 2055 |
|
Current
Tel Number |
0114375917 |
|
Cell
number |
|
|
Shareholding/Membership |
0.00 |
PRINCIPAL'S ADVERSE -
NO INFORMATION ON RECORD
PRINCIPAL CURRENT BUSINESS INTERESTS
|
Company
Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
COMBINED STAINLESS STEEL
DISTRIBUTORS (PTY)LTD |
M1997/001774/07 |
In Business |
18 Years 6 Months |
0 |
No |
|
PRINCIPAL PREVIOUS BUSINESS INTERESTS
Average Age of Previous Business 22 Years
|
Company
Name |
Registration No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
SEPP-SFLY-IN
SAFARIS CC |
B1993/022871/23 |
AR Final
Deregistration |
22 Years 10 Months |
0 |
No |
|
PRINCIPAL DEEDS INFORMATION
Property Interests for INGRID DOBRAUTZ
|
Title Deed
No. |
T7531/2011 |
Erf/Site
No. |
4234 |
|
Deeds
Office |
JOHANNESBURG |
Physical
Address |
RANDPARKRIF
RANDBURG |
|
Property
Type |
E |
Extent /
Size |
|
|
Purchase
Date |
|
Purchase
price |
R 0.00 |
|
%
Ownership |
0.00 |
Bond
Holder |
|
|
Bond
Number |
|
Bond
Amount |
R 0.00 |
|
Comment |
|
||
|
Property Interests for INGRID DOBRAUTZ |
|||
|
Title Deed
No. |
ST26290/2008 |
Erf/Site
No. |
179 |
|
Deeds
Office |
PRETORIA |
Physical
Address |
NOORDHANG
RANDBURG |
|
Property
Type |
U |
Extent /
Size |
|
|
Purchase
Date |
2007/12/20 |
Purchase
price |
R
980000.00 |
|
%
Ownership |
0.00 |
Bond
Holder |
NEDBANK
LTD |
|
Bond
Number |
SB268702008 |
Bond
Amount |
R1058400.00 |
|
Comment |
|
||
Active Principal - 2 of 3
SEAN STEWART
|
Surname |
STEWART |
|
First Name |
SEAN |
|
Other
Names |
FRANCOIS |
|
Marital
Status |
Married |
|
ID Number |
6003275020087 |
|
Verified
ID Number |
Yes |
|
Current
Age |
54 Years
11 Months |
|
Designation |
DIRECTOR |
|
Status |
Active |
|
Appointment
Date |
2005/12/12 |
|
Physical
Address (at time of Appointment) |
9 DEYSEL
STREET, STRUBENVALE, SPRINGS, 1559 |
|
Postal
Address |
PO BOX
10066, STRUBENVALE, 1570 |
|
Current
Tel Number |
0117929308 |
|
Cell
number |
0836445302 |
|
Shareholding/Membership |
0.00 |
PRINCIPAL'S ADVERSE -
NO INFORMATION ON RECORD
PRINCIPAL CURRENT BUSINESS INTERESTS
|
Company
Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
ALUMINIUM FEDERATION OF SOUTH AFRICA |
M1981/005632/08 |
In Business |
34 Years 10 Months |
0 |
No |
|
|
COMBINED STAINLESS STEEL
DISTRIBUTORS (PTY)LTD |
M1997/001774/07 |
In Business |
18 Years 6 Months |
0 |
No |
|
|
FOUNDRY LUBRICATION TECHNOLOGY CC |
B1996/045112/23 |
AR Final Deregistration |
19 Years 7 Months |
0 |
No |
|
|
SPRINGS GOLF AND SPORTS FACILITY LTD |
M1999/006527/06 |
Deregistration Final |
16 Years 4 Months |
0 |
No |
|
PRINCIPAL PREVIOUS BUSINESS
INTERESTS
Average Age of
Previous Business 21
Years
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
EXCHANGE RECYCLERS
(PTY)LTD |
M1994/003145/07 |
In Business |
21 Years 9 Months |
0 |
No |
|
Principal Deeds
Information Property Interests for SEAN STEWART
|
Title Deed
No. |
ST37486/2008 |
Erf/Site
No. |
336,0 |
|
Deeds
Office |
JOHANNESBURG |
Physical
Address |
6 KROKODIL
PETERSFIELD SPRINGS |
|
Property
Type |
U |
Extent /
Size |
|
|
Purchase
Date |
2007/09/18 |
Purchase
price |
R
650000.00 |
|
%
Ownership |
0.00 |
Bond
Holder |
6 ACT9586 |
|
Bond
Number |
SBC480731992-SEC24 |
Bond
Amount |
R 0.00 |
|
Comment |
|
||
Active Principal - 3 of 3
KNUD THIES
|
Surname |
THIES |
|
First Name |
KNUD |
|
Other
Names |
JAKOB |
|
Marital
Status |
|
|
ID Number |
4706265058105 |
|
Verified
ID Number |
Yes |
|
Current
Age |
67 Years 8
Months |
|
Designation |
|
|
Status |
Active |
|
Appointment
Date |
2005/12/12 |
|
Physical
Address (at time of Appointment) |
425 VALE
AVENUE, FERNDALE, RANDBURG, 2194 |
|
Postal
Address |
P O BOX
13630, WITFIELD, 1467 |
|
Current
Tel Number |
0117877573 |
|
Cell
number |
|
|
Shareholding/Membership |
0.00 |
PRINCIPAL'S ADVERSE - NO INFORMATION ON RECORD
PRINCIPAL CURRENT BUSINESS INTERESTS
|
Company
Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
ARCONA PROPERTY INVESTMENTS CC |
B1989/012101/23 |
In Business |
26 Years 2 Months |
0 |
No |
|
|
ARCONA PROPERTY INVESTMENTS NO 2
(PTY)LTD |
M1999/025493/07 |
In Business |
16 Years 4 Months |
0 |
No |
|
|
COMBINED STAINLESS STEEL
DISTRIBUTORS (PTY)LTD |
M1997/001774/07 |
In Business |
18 Years 6 Months |
0 |
No |
|
|
MOREFLOW ENGINEERING CC |
B1987/008024/23 |
Deregistration Final |
28 Years 4 Months |
0 |
No |
|
|
REMOTRONIC CONTROLS (PTY)LTD |
M1972/006764/07 |
In Business |
43 Years 7 Months |
0 |
No |
|
PRINCIPAL PREVIOUS
BUSINESS INTERESTS
Average Age of Previous
Business 17
Years
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
ARCONA INTERNATIONAL (PTY)LTD |
M1998/024377/07 |
In Business |
17 Years 5 Months |
0 |
No |
|
Principal Deeds Information
Property Interests for KNUD THIES
|
Title Deed
No. |
|
Erf/Site
No. |
|
|
Deeds
Office |
|
Physical
Address |
|
|
Property
Type |
|
Extent /
Size |
|
|
Purchase
Date |
|
Purchase
price |
|
|
%
Ownership |
|
Bond
Holder |
|
|
Bond
Number |
|
Bond
Amount |
|
|
Comment |
|
||
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.25 |
|
|
1 |
Rs.96.01 |
|
Euro |
1 |
Rs.70.72 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
ANK |
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.