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|
%20LTD%20-%20495618%2010-Mar-2018_files/image002.jpg){kind=small}
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%20LTD%20-%20495618%2010-Mar-2018_files/image006.gif)
MIRA
INFORM REPORT
|
Report No. : |
495618 |
|
Report Date : |
10.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
BEARING MAN GROUP (PTY) LTD |
|
|
|
|
Registered Office : |
3 Droste Crescent, Droste Park Ext 7, Johannesburg, Gauteng, South
Africa 2001 |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
30.07.2014 |
|
|
|
|
Com. Reg. No.: |
2014/147732/07 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
The
subject is involved in the import, manufacture and wholesale distribution of
bearings and related engineering consumable products such as hydraulics,
fluid power products, lubrication systems and valves. |
|
|
|
|
No. of Employees : |
2,300 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
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
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
South Africa |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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.
Economic growth has decelerated in recent years, slowing to an estimated 0.7% in 2017. Unemployment, poverty, and inequality - among the highest in the world - remain a challenge. Official unemployment is roughly 27% of the workforce, and runs significantly higher among black youth. 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. Eskom, the state-run power company, is building three new power stations and is installing new power demand management programs to improve power grid reliability but has been plagued with accusations of mismanagement and corruption and faces an increasingly high debt burden.
South Africa's economic policy has focused on controlling inflation while empowering a broader economic base; however, the country faces structural constraints that also limit economic growth, such as skills shortages, declining global competitiveness, and frequent work stoppages due to strike action. The government faces growing pressure from urban constituencies to improve the delivery of basic services to low-income areas, to increase job growth, and to provide university level-education at affordable prices. Political infighting among South Africa’s ruling party and the volatility of the rand risks economic growth. International investors are concerned about the country’s long-term economic stability; in late 2016, most major international credit ratings agencies downgraded South Africa’s international debt to junk bond status.
|
Source : CIA |
Executive Summary
The subject is very well
established. No judgments recorded against the subject. There are no principal
judgments. In view of the standing of the subject, it is considered equal to its normal
business engagements. The lack of confirmed comprehensive information on the
subject should, however, be borne in mind
COMPANY INFORMATION
OVERVIEW
|
History |
BEARING
MAN GROUP (PTY) LTD, trading as BMG, was established in July 2014 and
commenced operations immediately. At an unconfirmed date in 2015 the assets
and operations of the entity GOLDQUEST INTERNATIONAL HYDRAULICS S A (PTY)
LTD, (Registration Certificate Number: 1997/004498/07), were incorporated in
to the subject. Further details were not disclosed. According to the
subject's website operations commenced in 1974. |
|
|
|
|
|
|
STATUTORY INFORMATION |
||
|
|
||
|
Registered Name |
BEARING MAN
GROUP (PTY) LTD |
|
|
Trading As |
BMG |
|
|
Registration Number |
2014/147732/07 |
|
|
Type Of Company |
Private
Company |
|
|
Registered Date |
30/07/2014 |
|
|
Date Commenced Trading |
30/07/2014 |
|
|
Commercial Status |
In
Business |
|
|
Financial Year End |
March |
|
|
|
|
|
|
CONTACT DETAILS |
|
|
|
|
|
|
|
Contact Number |
+27 11
620 7541 |
|
|
Email Address |
|
|
|
Fax Number |
+27 11
922 2112 |
|
|
Website |
|
|
|
Social Media Presence |
Facebook;
LinkedIn; Twitter |
|
|
Registered Physical Address |
3 DROSTE
CRESCENT DROSTE
PARK EXT 7 JOHANNESBURG GAUTENG South
Africa 2001 |
|
|
Trading Physical Address |
3 Droste
Crescent Droste
Park Ext 7 JOHANNESBURG Gauteng South
Africa 2001 |
|
|
Postal Address |
P O Box
33431 Jeppestown JOHANNESBURG
Gauteng South
Africa 2043 |
|
TAX INFORMATION
TAX INFORMATION
Income Tax
Number
9873757158
VAT
INFORMATION
VAT Status
The subject is registered for VAT (VAT number/s made available)
|
VAT Number |
4090266570 |
|
Status |
Active |
|
Registered Name |
BEARING MAN GROUP
(PTY) LTD |
|
Trading Name |
BMG |
OFFICERS AND PROFESSIONAL SERVICES
LIST OF OFFICERS AND PROFESSIONAL SERVICES
|
Type |
Name |
Contact Name |
Contact Number |
|
Auditor |
T
MARRIDAY |
|
|
|
Auditor |
DELOITTE |
|
|
OWNERSHIP STRUCTURE
SHAREHOLDING INFORMATION
CURRENT
|
Holding Company |
Share |
Type |
Comment |
|
INVICTA
HOLDINGS LTD |
100.00% |
Holding
Company |
South
Africa |
PRINCIPAL INFORMATION
Director / Member
|
Full Name
|
ID No.: |
Type |
Status |
DOA |
Active
Interests |
Previous
Interests |
Judgments |
Fraud
Listing |
|
GONOSDONE |
6104275033086 |
Director |
Active |
01/02/2017 |
33 |
8 |
0 |
0 |
|
BAREND
HERMANUS GROENEWALD |
6912115254088 |
Director |
Active |
01/02/2017 |
11 |
36 |
0 |
0 |
|
CRAIG
BARNARD |
6312085080086 |
Director |
Active |
30/07/2014 |
0 |
0 |
0 |
0 |
|
GAVIN
MARK PELSER |
6211185224083 |
Director |
Active |
01/02/2017 |
16 |
3 |
0 |
0 |
|
PAUL
BLAIR MCKINLAY |
6404115848184 |
Director |
Active |
01/02/2017 |
0 |
1 |
0 |
0 |
|
BYRON
NICHLES |
7108185098088 |
Director |
Resigned |
04/05/2015 |
4 |
36 |
0 |
0 |
|
CHARLES
EDWARD WALTERS |
6802275047085 |
Director |
Resigned |
30/07/2014 |
10 |
14 |
0 |
0 |
|
WAYNE ROYDEN TAYLOR |
6304275020089 |
Director |
Resigned |
30/07/2014
13 1 |
25 |
0 |
0 |
|
ACTIVE BUSINESS INTERESTS: ARNOLD GOLDSTONE
|
Company
Name |
Registration
No. |
Business
Status |
Principal
Status |
Principal
Type |
Judgments |
|
HUMULANI
MARKETING |
1998/025570/07 |
In
Business |
Active |
Director |
0 |
|
TRENDY
PROPERTY INVESTMENTS |
1999/003197/07 |
In
Business |
Active |
Director |
0 |
|
SADDLE
PATH PROPS 3 |
2005/016017/07 |
AR Final
deregistration |
Active |
Director |
0 |
|
HUMULANI
INVESTMENTS |
1955/003540/07 |
Dissolved |
Active |
Director |
0 |
|
MAROBLOX |
2014/234380/07 |
In
Business |
Active |
Director |
0 |
|
OCTOBER
WIND TRADING
48 |
2011/003202/07 |
In
Business |
Active |
Director |
0 |
|
SANDALS
PROPERTY NUMBER 4 |
2002/029584/07 |
In
Business |
Active |
Director |
0 |
|
INVICTA
HOLDINGS |
1966/002182/06 |
In
Business |
Active |
Director |
0 |
|
MILK
RIVER VALLEY FARMS |
2015/017172/07 |
In
Business |
Active |
Director |
0 |
|
G NORTH
AND SON |
1920/001040/07 |
Deregistration
Final |
Active |
Director |
0 |
|
INVICTA
IT SOLUTIONS |
2014/111241/07 |
In
Business |
Active |
Director |
0 |
|
INVICTA
PROPERTIES |
2005/022968/07 |
In
Business |
Active |
Director |
0 |
|
ADDKT
PROPERTIES CAPE |
2010/037343/23 |
In
Business |
Active |
Trust |
0 |
|
SOUNDPROPS
1091 |
1999/012270/07 |
Conversion
CO/CC or CC/CO |
Active |
Company
Secretary |
0 |
|
NEW
HEIGHTS 392 |
2000/023943/07 |
In
Business |
Active |
Director |
0 |
|
MAN-DIRK |
1979/007014/07 |
In
Business |
Active |
Director |
0 |
|
HYFLO
SOUTHERN AFRICA |
1980/003394/07 |
In
Business |
Active |
Director |
0 |
|
METFAB DEVELOPMENT
AND MARKETING
COMPANY |
1968/007430/07 |
Dissolved |
Active |
Director |
0 |
|
INVICTA
TREASURY HOLDINGS |
2014/158249/07 |
In
Business |
Active |
Director |
0 |
|
INVICTA
FINANCE |
2014/269492/07 |
In
Business |
Active |
Director |
0 |
|
BANJORITE |
2017/463076/07 |
In
Business |
Active |
Director |
0 |
|
INVICTA
CAPE TOWN |
2017/105405/07 |
In
Business |
Active |
Director |
0 |
|
GOLDEN
BAY PROPERTIES 337 |
2006/055980/23 |
In
Business |
Active |
Representative
Trustee |
0 |
|
TRINITY
AVIATION SERVICES |
2014/169676/07 |
In
Business |
Active |
Director |
0 |
|
INVICTA
FUNDING |
2015/271534/06 |
In
Business |
Active |
Director |
0 |
|
SOUNDPROPS
1091 |
1999/012270/07 |
Conversion
CO/CC or CC/CO |
Active |
Director |
0 |
|
SPRING
LIGHTS 149 |
2002/001474/07 |
In
Business |
Active |
Director |
0 |
|
SOUNDPROPS
1091 |
2007/045523/23 |
In
Business |
Active |
Trust |
0 |
|
DU TOIT
CYCLES |
2000/036299/23 |
AR
Deregistration Process |
Active |
Trust |
0 |
|
TROSTIN |
2014/269717/07 |
In
Business |
Active |
Director |
0 |
|
INVICTA
AFRICA |
2015/285899/07 |
In
Business |
Active |
Director |
0 |
|
INVICTA
SOUTH AFRICA HOLDINGS |
2014/197797/07 |
In
Business |
Active |
Director |
0 |
|
SANTE
SANA DEVELOPMENTS |
1995/008782/07 |
In
Business |
Active |
Director |
0 |
|
|
|
|
|
|
|
|
PREVIOUS BUSINESS INTERESTS: ARNOLD GOLDSTONE |
|||||
|
|
|
|
|
|
|
|
Company
Name |
Registration
No. |
Business
Status |
Principal
Status |
Principal
Type |
Judgments |
|
TILETORIA
CAPE |
2007/002174/07 |
In
Business |
Resigned |
Director |
0 |
|
EQUIPMENT
SPARE PARTS
(AFRICA) |
2007/008097/07 |
In
Business |
Resigned |
Director |
0 |
|
ERF 29
SAMCOR PARK |
1996/017763/07 |
In
Business |
Resigned |
Director |
0 |
|
BEARINGMAN
1955 |
1955/002109/07 |
Voluntary
Liquidation |
Resigned |
Director |
0 |
|
ENGINEPARTS |
1961/001128/07 |
AR Final
deregistration |
Resigned |
Director |
0 |
|
ERF
117746 NOURSE AVENUE |
2012/203652/07 |
In
Business |
Resigned |
Director |
0 |
|
BUILDING
SUPPLY GROUP |
2010/008725/07 |
In
Business |
Resigned |
Director |
0 |
|
OSCILLATING |
|
|
|
|
|
|
SYSTEMS
TECHNOLOGY |
1990/004925/07 |
In
Business |
Resigned |
Director |
0 |
|
(AFRICA) |
|
|
|
|
|
ACTIVE BUSINESS INTERESTS: BAREND HERMANUS
GROENEWALD
|
Company
Name |
Registration
No. |
Business
Status |
Principal
Status |
Principal
Type |
Judgments
|
|
ECREDIT SOLUTIONS |
2000/013597/23 |
AR Final deregistration |
Active |
Member |
0 |
|
LETSAU
BUILDING CONSTRUCTION AND PROJECTS |
2006/187454/23 |
AR Final
deregistration |
Active |
Member |
0 |
|
OSCILLATING
SYSTEMS TECHNOLOGY (AFRICA) |
1990/004925/07 |
In
Business |
Active |
Director |
0 |
|
HANSEN
TRANSMISSIONS SOUTH AFRICA |
2003/026474/07 |
In
Business |
Active |
Director |
0 |
|
LOANLINK
FINANCIAL SERVICES
(SA) |
2003/000090/07 |
AR Final
deregistration |
Active |
Director |
0 |
|
ENGINEERING
SOLUTIONS GROUP EXPORTS |
1991/007064/07 |
In
Business |
Active |
Director |
0 |
|
ERF 29
SAMCOR PARK |
1996/017763/07 |
In
Business |
Active |
Director |
0 |
|
AZR
INVESTMENTS |
2014/206563/07 |
In
Business |
Active |
Director |
0 |
|
OPERATIONAL
MARKETING |
1972/010879/07 |
In
Business |
Active |
Director |
0 |
|
FREE TO
SERVE |
1994/009703/08 |
In
Business |
Active |
Director |
0 |
|
GOLDQUEST
INTERNATIONAL HYDRAULICS S A |
1997/004498/07 |
In
Business |
Active |
Director |
0 |
PREVIOUS BUSINESS INTERESTS: BAREND HERMANUS
GROENEWALD
|
Company
Name |
Registration
No. |
Business
Status |
Principal
Status |
Principal
Type |
Judgments |
|
PROPLINK
PUBLISHING |
2003/007989/07 |
Dissolved |
Resigned |
Company
Secretary |
0 |
|
LEADING
PROSPECT TRADING
126 |
2002/022857/07 |
Deregistration
Final |
Resigned |
Company
Secretary |
0 |
|
WIZARD
FINANCIAL SERVICES (MANAGING) |
2000/004297/07 |
Deregistration
Final |
Resigned |
Company
Secretary |
0 |
|
VASLINK |
2003/017638/07 |
Deregistration
Final |
Resigned |
Company
Secretary |
0 |
|
QUANTRO
HOLDINGS |
2001/027820/07 |
Deregistration
Final |
Resigned |
Director |
0 |
|
LL
PROPERTIES (CENTURION) |
2000/023885/07 |
In
Business |
Resigned |
Company
Secretary |
0 |
|
WEGEZI
POWER HOLDINGS |
2008/022572/07 |
In
Business |
Resigned |
Director |
0 |
|
BRIDGELINK |
2003/007723/07 |
In
Business |
Resigned |
Company
Secretary |
0 |
|
LOANLINK
PROPERTY MANAGEMENT |
2003/017640/07 |
AR Final
deregistration |
Resigned |
Company
Secretary |
0 |
|
OOBALINK |
2003/000246/07 |
In
Business |
Resigned |
Company
Secretary |
0 |
|
QUANTRO
INVESTMENTS |
2002/010119/07 |
Deregistration
Final |
Resigned |
Director |
0 |
|
QUANTRO
CAPITAL |
2002/011041/07 |
Deregistration
Final |
Resigned |
Director |
0 |
|
LL
PROPERTIES (CENTURION) |
2000/023885/07 |
In
Business |
Resigned |
Director |
0 |
|
SIBUYILE
INDUSTRIAL SUPPLIES |
1980/001761/07 |
In
Business |
Resigned |
Director |
1 |
|
QUANTRO
HOME LOANS |
2001/001984/07 |
Deregistration
Final |
Resigned |
Director |
0 |
|
SUNRISE
VIEW HOME OWNERS ASSOCIATION |
1995/002129/08 |
In
Business |
Resigned |
Director |
0 |
|
BRIDGELINK |
2003/007723/07 |
In
Business |
Resigned |
Director |
0 |
|
GRAND
PALACE TRADING 213 |
2003/020943/07 |
Deregistration
Final |
Resigned |
Company
Secretary |
0 |
|
LEADING
PROSPECT TRADING 126 |
2002/022857/07 |
Deregistration
Final |
Resigned |
Director |
0 |
|
GRAND PALACE
TRADING 213 |
2003/020943/07 |
Deregistration
Final |
Resigned |
Director |
0 |
|
LOANLINK
IT |
2004/006991/07 |
Deregistration
Final |
Resigned |
Company
Secretary |
0 |
|
VASLINK |
2003/017638/07 |
Deregistration
Final |
Resigned |
Director |
0 |
|
WIZARD
FINANCIAL SERVICES (MANAGING) |
2000/004297/07 |
Deregistration
Final |
Resigned |
Director |
0 |
|
GENERAL
ELECTRICAL MECHANICAL TOOL AND ENGINEERING MANUFACTURERS |
1981/004570/07 |
In
Business |
Resigned |
Director |
0 |
|
OOBALINK |
2003/000246/07 |
In
Business |
Resigned |
Director |
0 |
|
LOYALTYLINK |
2003/007932/07 |
Deregistration
Final |
Resigned |
Director |
0 |
|
MORTGAGE
SELECT |
2005/005143/07 |
Deregistration
Final |
Resigned |
Company
Secretary |
0 |
|
MAN-DIRK |
1979/007014/07 |
In
Business |
Resigned |
Director |
0 |
|
WEGEZI TRANSFORMERS |
2009/014880/07 |
In
Business |
Resigned |
Director |
0 |
|
QUANTRO
HOME LOANS |
2001/001984/07 |
Deregistration
Final |
Resigned |
Company
Secretary |
0 |
|
BRIDGEWATER
FINANCIAL SERVICES |
2000/022525/07 |
AR
Deregistration Process |
Resigned |
Director |
1 |
|
SWITCHX |
2003/019397/07 |
In
Business |
Resigned |
Director |
0 |
|
LOYALTYLINK |
2003/007932/07 |
Deregistration
Final |
Resigned |
Company
Secretary |
0 |
|
SWITCHX |
2003/019397/07 |
In
Business |
Resigned |
Company
Secretary |
0 |
|
GK-IT
ENVIRONMENTAL SERVICES |
2001/007440/07 |
In
Business |
Resigned |
Director |
0 |
|
SA TOOL |
2010/009152/07 |
In
Business |
Resigned |
Director |
0 |
ACTIVE BUSINESS INTERESTS: GAVIN MARK PELSER
|
Company
Name |
Registration
No. |
Business
Status |
Principal
Status |
Principal
Type |
Judgments |
|
ENGINEERING
SOLUTIONS GROUP EXPORTS |
1991/007064/07 |
In
Business |
Active |
Director |
0 |
|
OSCILLATING
SYSTEMS TECHNOLOGY (AFRICA) |
1990/004925/07 |
In
Business |
Active |
Director |
0 |
|
RUMISET |
2010/022410/07 |
In
Business |
Active |
Director |
0 |
|
INVICTA
HOLDINGS |
1966/002182/06 |
In
Business |
Active |
Director |
0 |
|
PELSER'S
PLACE |
2002/031270/23 |
In
Business |
Active |
Member |
0 |
|
HYFLO
SOUTHERN AFRICA |
1980/003394/07 |
In
Business |
Active |
Director |
0 |
|
OST
HOLDINGS |
2001/024786/07 |
AR Final
deregistration |
Active |
Director |
0 |
|
GOLDQUEST
INTERNATIONAL HYDRAULICS S A |
1997/004498/07 |
In
Business |
Active |
Director |
0 |
|
HANSEN
TRANSMISSIONS SOUTH AFRICA |
2003/026474/07 |
In
Business |
Active |
Director |
0 |
|
MAN-DIRK |
1979/007014/07 |
In
Business |
Active |
Director |
0 |
|
ZEEGESIGHT
GUEST HOUSE |
2008/144847/23 |
AR
Deregistration Process |
Active |
Member |
0 |
|
ERF 29
SAMCOR PARK |
1996/017763/07 |
In
Business |
Active |
Director |
0 |
|
MR
VIBRATOR |
2004/032699/23 |
In
Business |
Active |
Member |
0 |
|
OPERATIONAL
MARKETING |
1972/010879/07 |
In
Business |
Active |
Director |
0 |
|
SCREEN
DOCTOR |
1996/015578/07 |
In
Business |
Active |
Director |
0 |
|
K2015350645
(SOUTH AFRICA) |
2015/350645/07 |
In
Business |
Active |
Director |
0 |
|
|
|
|
|
|
|
|
PREVIOUS BUSINESS INTERESTS: GAVIN MARK PELSER |
|||||
|
|
|
|
|
|
|
|
Company
Name |
Registration
No. |
Business
Status |
Principal
Status |
Principal
Type |
Judgments |
|
WEGEZI
POWER HOLDINGS |
2008/022572/07 |
In
Business |
Resigned |
Director |
0 |
|
GAVTON
MARKETING |
1992/005828/07 |
In
Business |
Resigned |
Director |
0 |
|
WEGEZI TRANSFORMERS |
2009/014880/07 |
In
Business |
Resigned |
Director |
0 |
|
|
|
|
|
|
|
|
PREVIOUS BUSINESS INTERESTS: PAUL BLAIR MCKINLAY |
|||||
|
|
|
|
|
|
|
|
Company
Name |
Registration
No. |
Business
Status |
Principal
Status |
Principal
Type |
Judgments |
|
BEARINGMAN
1955 |
1955/002109/07 |
Voluntary
Liquidation |
Resigned |
Director |
0 |
Management
No principals found for this principal type.
Officer
|
Full
Name |
ID No. |
Type |
Status |
DOA |
Active
Interests |
Previous
Interests |
Judgments |
Fraud
Listing |
|
LIZE DUBERY |
8507240118089 |
Company
Secretary |
Active |
01/01/2018 |
15 |
0 |
0 |
0 |
|
GRACE
MIRIAM CHEMALY |
7209040056087 |
Company
Secretary |
Resigned |
30/07/2014 |
0 |
0 |
0 |
0 |
ACTIVE BUSINESS INTERESTS: LIZE DUBERY
|
Company
Name |
Registration
No. |
Business
Status |
Principal
Status |
Principal
Type |
Judgments |
|
HUMULANI
MARKETING |
1998/025570/07 |
In
Business |
Active |
Company
Secretary |
0 |
|
INVICTA
TREASURY HOLDINGS |
2014/158249/07 |
In
Business |
Active |
Company
Secretary |
0 |
|
GOLDQUEST
INTERNATIONAL HYDRAULICS S A |
1997/004498/07 |
In
Business |
Active |
Company
Secretary |
0 |
|
HANSEN
TRANSMISSIONS SOUTH AFRICA |
2003/026474/07 |
In
Business |
Active |
Company
Secretary |
0 |
|
OPERATIONAL
MARKETING |
1972/010879/07 |
In
Business |
Active |
Company
Secretary |
0 |
|
INVICTA
IT SOLUTIONS |
2014/111241/07 |
In
Business |
Active |
Company
Secretary |
0 |
|
OCTOBER
WIND TRADING
48 |
2011/003202/07 |
In
Business |
Active |
Company
Secretary |
0 |
|
OSCILLATING
SYSTEMS TECHNOLOGY (AFRICA) |
1990/004925/07 |
In
Business |
Active |
Company
Secretary |
0 |
|
INVICTA
PROPERTIES |
2005/022968/07 |
In
Business |
Active |
Company
Secretary |
0 |
|
INVICTA
CAPE TOWN |
2017/105405/07 |
In
Business |
Active |
Company
Secretary |
0 |
|
INVICTA
AFRICA |
2015/285899/07 |
In
Business |
Active |
Company
Secretary |
0 |
|
TRENDY
PROPERTY INVESTMENTS |
1999/003197/07 |
In
Business |
Active |
Company
Secretary |
0 |
|
INVICTA
FUNDING |
2015/271534/06 |
In
Business |
Active |
Company
Secretary |
0 |
|
INVICTA
FINANCE |
2014/269492/07 |
In
Business |
Active |
Company
Secretary |
0 |
|
MAROBLOX |
2014/234380/07 |
In
Business |
Active |
Company
Secretary |
0 |
Other
No
principals found for this principal type
BANK ACCOUNT INFORMATION
BANK ACCOUNT CLIENT REQUESTED DETAILS
|
Account
Reference Number |
Account
Holder |
Account
Number |
Bank
Name |
Branch
Name |
Branch
Code |
Verification
Status |
|
|
ABB134972 |
BEARING
MAN GROUP (PTY) LTD |
1029001134 |
Absa
Bank |
Kingsmead |
211326 |
Verified
by Bank Code |
|
|
|
|
|
|
|
|
|
|
|
BANK ACCOUNTS |
|
|
|
|
|
||
|
|
|
|
|
|
|
||
|
Account
Reference Number |
Account
Holder |
Account
Number |
Bank
Name |
Branch
Name |
Branch
Code |
Verification
Status |
|
|
ABB132124 |
HANSEN TRANSMISSIONS
SA (PTY)
LTD |
1288102011 |
Nedbank
(South Africa) |
Business East
Rand |
198765 |
Verified
by Bank Code |
|
|
ABB111485 |
HUMULANI
MARKETING (PTY) LTD BEARING MAN GROUP DIVISION |
4065427679 |
Absa
Bank |
Kingsmead, Durban |
511326 |
Invalid
by Bank Code |
|
OPERATIONAL ACTIVITIES
|
Operational
Activities Status |
The
following information was provided |
|
|
Industry |
Import,
Manufacturing & Wholesale |
|
|
Major
Industry SIC Code |
2814 -
Manufacture of bearings, gears, gearing and driving elements |
|
|
Secondary
Industry SIC Code(s) |
Other
specialised wholesale |
|
|
NACE
Code |
28,15 -
Manufacture of bearings, gears, gearing and driving elements |
|
|
|
|
|
|
MAJOR OPERATION |
|
|
|
|
|
|
|
Major
Business Activities |
The
subject is involved in the import, manufacture and wholesale distribution of
bearings and related engineering consumable products such as hydraulics,
fluid power products, lubrication systems
and valves. |
|
|
Foreign
Trade Activities |
International |
|
|
Agencies
Held |
Subject
holds no agencies. |
|
|
Franchises
Held |
The
subject holds no franchises. |
|
|
Major
Suppliers |
Subject
declined to provide information. |
|
|
Major
Customers |
• The construction industry • The automotive industry • The agriculture industry |
|
|
Major Brands |
BMG |
|
|
Major
Contracts |
Subject
does not operate on a contract basis. |
|
OPERATIONAL FOOTPRINT
Operational Footprint Status
The
following information was provided
BRANCH & PREMISES INFORMATION
|
Location |
Description/Type |
Size (m2) |
# of
Staff |
Rented or
Owned |
Lease
Expiry Date |
|
DROSTE
PARK |
• Office • Warehouse |
|
|
Leased |
N/A |
EMPLOYEES
|
Permanent
Employees |
2,300 |
|
Salaried
Employees |
2,300 |
|
Contracted
Employees |
50 |
GENERAL COMMENTS
General Comments
There are reportedly 547
vehicles registered in the company name, however, a breakdown was not made
available. Further information was not made available
FINANCING TERMS
FINANCING TERMS
|
Sales
Terms |
• 30 Days • 60 Days |
|
Overdraft
Facility |
The
Subject has an overdraft facility. |
|
Overdraft
Usage |
Regularly |
|
Sureties |
The
Principals have not signed sureties. |
|
Debtors
Ceded |
Debtors
have not been ceded. |
|
Debtors
Factored |
Debtors
have not been factored. |
|
Bonds |
The
Subject has no bonds. |
FINANCIAL FIGURES
GENERAL COMMENTS
General
Comments
Financial
information not made available
TRADE REFERENCES
TRADE REFERENCES
|
Trade Reference |
Date |
Trade Score |
Terms Given (Taken) in days |
Monthly Limit Given (Taken) |
Account Opened |
Payment Trend (prev. 3 years) |
Account Insured |
Notes |
||
|
TR18030834 |
07/03/2018 |
Positive |
120 Days (120 Days) |
10,000,000 (Confidential) |
1998 |
100% |
|
100% |
No |
This is an excellent account. The account was carried over. |
|
TR1803091 |
07/03/2018 |
N/A |
|
|
|
100% |
50% |
|
|
Number rings unanswered |
|
TR1803092 |
07/03/2018 |
N/A |
|
|
|
50% |
|
100% |
|
Number rings unanswered |
|
TR180223126 |
23/02/2018 |
N/A |
|
|
|
|
100% |
|
|
Number rings unanswered |
|
TR180223122 |
23/02/2018 |
N/A |
|
|
|
|
100% |
|
|
Relevant person unavailable |
|
TR180223117 |
23/02/2018 |
N/A |
|
|
|
|
|
|
|
Number rings unanswered |
|
LTR16010517 |
05/01/2016 |
N/A |
|
|
|
|
|
|
|
Number rings unanswered |
|
LTR16010516 |
05/01/2016 |
N/A |
|
|
|
|
|
|
|
Awaiting response |
TRADE REFERENCE ANALYTICS
|
Number
of valid Trade References |
11 |
|
|
Overall
Trade Score |
91% |
|
|
Average
Usage of Terms |
100% |
|
|
Average
Monthly Purchase |
5,116,667
ZAR |
|
|
Average
Usage of Credit Limit |
92% |
|
COURT NOTICES
No judgments on file in the name of the subject
No liquidation applications on file in the name of
the subject
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 65.08 |
|
|
1 |
INR 89.85 |
|
Euro |
1 |
INR 80.16 |
|
ZAR |
1 |
INR 5.50 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
NIY |
|
|
|
|
Report Prepared
by : |
SYL |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.