|
Report No. : |
312480 |
|
Report Date : |
18.03.2015 |
IDENTIFICATION DETAILS
|
Name : |
ITSHE RESOURCES (PTY)LTD |
|
|
|
|
Registered Office : |
4 Arlington Road, Bryanston, Gauteng, 2021 |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
19.01.2006 |
|
|
|
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Com. Reg. No.: |
M2006/001172/07 |
|
|
|
|
Legal Form : |
Private Company |
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|
|
|
Line of Business : |
· subject operates as a manufacturer of steel · Engaged in Casting of iron and steel |
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|
|
|
No of Employees : |
Not Available [NOTE: We tried to confirm
the number of employees but no one is ready to part any information from the
company management.] |
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 |
|
Subject Name |
ITSHE RESOURCES (PTY)LTD |
|
Country |
South Africa |
|
Subject Contact Person |
JOANNE - DIRECTOR |
|
Assessment |
On investigation contact was made with JOANNE the director of the company
who declined to assist with the information unless the principal enquirer is
revealed. This is a well-established company. We could not obtain a payment pattern as no suppliers were made
available. Please see the available information on the subject below. |
|
Registered Name |
ITSHE RESOURCES (PTY)LTD |
|
Trading as/ Division Name |
ITSHE RESOURCES |
|
Previous Name |
None |
|
Date of Name Change |
None |
|
Registration Number |
M2006/001172/07 |
|
Registration Date |
2006/01/19 |
|
Date Commenced Trading |
2006-01-19 |
|
Age of Business |
9 Years 2 Months |
|
History of Business |
The subject was established in 2006 and has been trading ever since. |
|
History of Principals |
There are 2 active directors within the company |
|
Shareholders/Members/Partners of subject and % holding |
Unavailable |
|
Authorised Share Capital |
R1000.00 |
|
Issued Share Capital/Members Contribution |
R 100.00 |
|
Status |
In Business |
|
Operations Assessment |
The subject operates as a manufacturer of steel. |
|
Industry/ Customers |
The subject supply's to the mining industry. |
|
Major Industry Code / SICC |
35310 |
|
Definition of Code |
Casting of iron and steel |
|
Head Office Physical Address |
4 ARLINGTON ROAD, BRYANSTON, GAUTENG, 2021 |
|
Head Office Postal Address |
4 ARLINGTON ROAD, BRYANSTON, GAUTENG,2021 |
|
Current Tel Number |
0117060322 |
|
Cell Number |
0836751643 |
|
Current Email Address |
|
|
Web Site Address |
None |
|
Company Registered Name |
HORWATH LEVETON BONER TURNSTONE (PTY)LTD |
|
Trading Name |
HORWATH LEVETON BONER |
|
Registration Number |
2013/185851/07 |
|
Physical Address |
3 SANDOWN VALLEY CRESCENT, SANDOWN, 2196 |
|
Postal Address |
P O BOX 652550, BENMORE, 2010 |
|
Contact Person |
MARIA |
|
Contact Number |
0112178000 |
|
Email |
|
|
Principals |
4 |
|
Judgements Against Subject |
None |
|
Judgements Against Principals |
None |
|
Subject Verified as Client |
|
|
Practice Number |
903787 |
|
VAT Number |
Unavailable |
|
Tax Number |
Unavailable |
|
BEE Status |
Yes |
|
Financial Year End |
February |
|
No of years in Business |
9 Years 2 Months |
|
Website |
Previous Auditors Information - No Information on Record
|
Vat Number |
4110231950 |
|
Tax Number |
9037055192 |
|
Financial Year End |
February |
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 |
|
1 |
Director |
GRAHAM EVANS |
|
1 |
Director |
JOANNE ELIZABETH EVANS |
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 - 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 |
2 |
|
Average Age of Active Principals |
53 |
|
Number of Inactive Principals |
|
Active Principals
Active Principal - 1 of 2 GRAHAM EVANS
|
Surname |
EVANS |
|
First Name |
GRAHAM |
|
Marital Status |
Married |
|
ID Number |
6102145040083 |
|
Verified ID Number |
Yes |
|
Current Age |
54 Years 1 Months |
|
Designation |
DIRECTOR |
|
Status |
Active |
|
Appointment Date |
2006/05/15 |
|
Physical Address (at time of Appointment) |
10 GRANITE ROAD, WITKOPPEN EXTENSION 7, GAUTENG, 2068 |
|
Postal Address |
11 ARLINGTON ROAD, BRYANSTON, 2021 |
|
Current Tel Number |
0114637490 |
|
Cell number |
0836751643 |
|
Shareholding/Membership |
0.00 |
Principal's Adverse -
No information on record
Business Information
for GRAHAM EVANS
Principal Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
INDEPENDENT MINERAL DISTRIBUTORS (PTY)LTD |
M1988/000489/07 |
In Business |
27 Years 1 Months |
0 |
No |
|
INTER-METMIN (PTY)LTD |
M1975/000209/07 |
In Business |
40 Years 2 Months |
0 |
No |
|
ITSHE RESOURCES (PTY)LTD |
M2006/001172/07 |
In Business |
9 Years 2 Months |
0 |
No |
|
KABROS (PTY)LTD |
M2005/036471/07 |
In Business |
9 Years 5 Months |
0 |
No |
|
P FACTOR SA CC |
B1998/034437/23 |
AR Final Deregistration |
16 Years 9 Months |
0 |
No |
Principal Previous Business Interests
Average Age of Previous Business 18 Years
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
GREEN WILLOWS PROPERTIES 101 (PTY)LTD |
M2004/035722/07 |
In Business |
10 Years 3 Months |
0 |
No |
|
MADONIC CORPORATION CC |
B1988/015819/23 |
AR Final Deregistration |
26 Years 9 Months |
0 |
No |
Property Interests for GRAHAM EVANS
|
Title Deed No. |
ST12465/2009 |
Erf/Site No. |
166805,0 |
|
Deeds Office |
CAPE TOWN |
Physical Address |
V & A WATERFRONT CAPE TOWN |
|
Property Type |
U |
Extent / Size |
|
|
Purchase Date |
2006/10/14 |
Purchase price |
R 2600000.00 |
|
% Ownership |
0.00 |
Bond Holder |
|
|
Bond Number |
K8862009S |
Bond Amount |
R 0.00 |
Property Interests for GRAHAM EVANS
|
Title Deed No. |
ST12435/2004 |
Erf/Site No. |
243,0 |
|
Deeds Office |
CAPE TOWN |
Physical Address |
1A DISANDT FRESNAYE CAPE TOWN |
|
Property Type |
U |
Extent / Size |
|
|
Purchase Date |
2003/03/27 |
Purchase price |
R1575000.00 |
|
% Ownership |
0.00 |
Bond Holder |
STANDARD BANK OF SOUTH AFRICA L |
|
Bond Number |
SB80632004 |
Bond Amount |
R 375000.00 |
Property Interests for GRAHAM EVANS
|
Title Deed No. |
T71322/2004 |
Erf/Site No. |
1753 |
|
Deeds Office |
PRETORIA |
Physical Address |
6 ARLINGTON BRYANSTON SANDTON |
|
Property Type |
E |
Extent / Size |
|
|
Purchase Date |
2004/02/27 |
Purchase price |
R1900000.00 |
|
% Ownership |
0.00 |
Bond Holder |
STANDARD BANK OF SOUTH AFRICA L |
|
Bond Number |
B577202004 |
Bond Amount |
R1900000.00 |
Active Principal - 2
of 2 JOANNE EVANS
|
Surname |
EVANS |
|
First Name |
JOANNE |
|
Other Names |
ELIZABETH |
|
Marital Status |
Married |
|
ID Number |
6306210110081 |
|
Verified ID Number |
Yes |
|
Current Age |
51 YEARS |
|
Designation |
DIRECTOR |
|
Status |
Active |
|
Appointment Date |
2006/05/15 |
|
Physical Address (at time of Appointment) |
11 ARLINGTON ROAD, BRYANSTON, 2021 |
|
Postal Address |
11 ARLINGTON ROAD, BRYANSTON, 2021 |
|
Current Tel Number |
0117060322 |
|
Cell number |
0836751643 |
|
Shareholding/Membership |
0.00 |
Principal's Adverse
- No information on record
Business Information for JOANNE EVANS
Principal Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
BUNKER HILLS INVESTMENTS 273 (PTY)LTD |
M1999/025743/07 |
AR Final Deregistration |
15 Years 4 Months |
0 |
No |
|
INDEPENDENT MINERAL DISTRIBUTORS (PTY)LTD |
M1988/000489/07 |
In Business |
27 Years 1 Months |
0 |
No |
|
ITSHE RESOURCES (PTY)LTD |
M2006/001172/07 |
In Business |
9 Years 2 Months |
0 |
No |
|
KLIPROTS CREEK CC |
B2007/034985/23 |
Deregistration Final |
8 Years 1 Months |
0 |
No |
Principal Previous Business Interests
Average Age of Previous Business 26 Years
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
MADONIC CORPORATION CC |
B1988/015819/23 |
AR Final Deregistration |
26 Years 9 Months |
0 |
No |
Principal Deeds
Information
Property Interests
for JOANNE EVANS
|
Title Deed No. |
T40171/2014 |
Erf/Site No. |
8324 |
|
Deeds Office |
CAPE TOWN |
Physical Address |
HOUT BAY |
|
Property Type |
E |
Extent / Size |
361.0SQM |
|
Purchase Date |
2014/05/01 |
Purchase price |
R 9550000.00 |
|
% Ownership |
0.00 |
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
R 0.00 |
Property Interests
for JOANNE EVANS
|
Title Deed No. |
T80199/2002 |
Erf/Site No. |
1743 |
|
Deeds Office |
PRETORIA |
Physical Address |
BRYANSTON SANDTON |
|
Property Type |
E |
Extent / Size |
|
|
Purchase Date |
2002/02/08 |
Purchase price |
R1800000.00 |
|
% Ownership |
0.00 |
Bond Holder |
STANDARD BANK OF SOUTH AFRICA L |
|
Bond Number |
B567012002 |
Bond Amount |
R1800000.00 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.69 |
|
UK Pound |
1 |
Rs.92.99 |
|
Euro |
1 |
Rs.66.37 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
MNL |
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.