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MIRA INFORM REPORT
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Report No. : |
505829 |
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Report Date : |
07.05.2018 |
IDENTIFICATION DETAILS
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Name : |
THE RST AGENCIES TRUST |
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Registered Office : |
84 Beyers Naude Drive, Roosevelt Park, Johannesburg Gauteng, South Africa 2129 |
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Country : |
South Africa |
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Date of Incorporation : |
20.11.2009 |
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Com. Reg. No.: |
3461/2009 |
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Legal Form : |
In Business |
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Line of Business : |
The subject is involved in the wholesale and importing of equipment and related products utilised in the erection of power lines. The subject also undertakes the administration of the installation of the equipment utilising outsourced contractors |
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No. of Employees : |
16 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
B |
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Credit Rating |
Explanation |
Rating Comments |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but Correct |
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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
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Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
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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 Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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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.
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Source
: CIA |
Executive
Summary
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Executive Summary |
The subject has a medium track record. No judgments recorded against the subject. A comprehensive trade survey could not be obtained. The subject is considered equal to its normal business engagements. The lack of financial information should be borne in mind. |
COMPANY INFORMATION
OVERVIEW
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History |
THE RST AGENCIES TRUST trading as ROUSANT INTERNATIONAL was registered in November 2009 to incorporate the assets and operations of HIGHWOOD INVESTMENTS CC (Registration Certificate Number: 1990/002635/23) into the subject. The subject commenced operations at an unconfirmed date in 2011. |
STATUTORY INFORMATION
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Registered Name |
THE RST AGENCIES TRUST |
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Trading As |
ROUSANT INTERNATIONAL |
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Registration Number |
3461/2009 |
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Type Of Company |
Trust |
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Registered Date |
20/11/2009 |
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Date Commenced Trading |
2011 |
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Commercial Status |
In Business |
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Financial Year End |
February |
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CONTACT DETAILS
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Contact Number |
+27 11 782 1644 |
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Fax Number |
+27 11 782 4828 |
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Website |
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Social Media Presence |
Facebook; LinkedIn |
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Trading Physical Address |
84 Beyers Naude Drive Roosevelt Park Johannesburg Gauteng South Africa 2129 |
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Postal Address |
P O Box 4316 Cresta Randburg Gauteng South Africa 2118 |
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GENERAL COMMENTS
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Comments |
The contact number of +27 83 459 70156 provided by
client is an incorrect cell phone number. The telephone number listed in this
report was obtained from historical information obtained in 2013. Please
note: The requested name came through as ROUSANT INTERNATIONAL, however, it
should be noted that is is the trading name of the subject. |
1 |
TAX INFORMATION
TAX
INFORMATION
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Income Tax Number |
0610116840 |
VAT
INFORMATION
VAT Status The subject is registered for VAT (VAT number/s made available)
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VAT Number |
4380255978 |
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Status |
Active |
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Registered Name |
THE RST AGENCIES TRUST |
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Trading Name |
ROUSANT INTERNATIONAL |
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OFFICERS AND PROFESSIONAL SERVICES
LIST OF OFFICERS AND
PROFESSIONAL SERVICES
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Type |
Name |
Contact Name |
Contact Number |
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Auditor |
Atlantic Trust |
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Insurance |
Mallac Hearle Hamterns |
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OWNERSHIP
STRUCTURE
SHAREHOLDING
INFORMATION
CURRENT
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Shareholder/Member Name |
Share/Interest |
Type |
Comment |
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Rodger Dunbar Crewe-Brown |
50% |
Trustee |
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Augusts Tiberius Viljoen |
50% |
Trustee |
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PRINCIPAL
INFORMATION
Director
/ Member
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Full Name |
ID No. |
Type |
Status |
DOA |
Active Interests |
Previous Interests |
Judgments |
Fraud Listing |
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Augustus |
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Tiberius |
6608185086083 |
Trustee (Other) |
Active |
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5 |
0 |
0 |
0 |
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Viljoen |
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Rodger Dunbar Crewe- Brown |
4608195133083 |
Trustee (Other) |
Active |
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5 |
0 |
0 |
0 |
ACTIVE BUSINESS
INTERESTS: Augustus Tiberius Viljoen
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Company Name |
Registration No. |
Business Status |
Principal Status |
Principal Type |
Judgments |
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Rousant International |
1994/016288/23 |
Deregistration Final |
Active |
Member |
0 |
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Rosebank Medical Supplies |
2000/044616/23 |
AR Final deregistration |
Active |
Member |
0 |
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Ananova Trade |
2000/035201/23 |
AR Deregistration Process |
Active |
Member |
0 |
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Highwood Investments |
1990/002635/23 |
In Business |
Active |
Member |
0 |
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Chillie Child Business
Consulting 116 |
2011/095152/23 |
AR Deregistration Process |
Active |
Member |
0 |
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ACTIVE BUSINESS INTERESTS: Rodger Dunbar Crewe Brown |
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Company Name |
Registration No. |
Business Status |
Principal Status |
Principal Type |
Judgments |
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Capensis Investments 428 |
2001/017394/07 |
Conversion CO/CC or CC/CO |
Active |
Director |
0 |
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Highwood Investments |
1990/002635/23 |
In Business |
Active |
Member |
0 |
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Wild Life Education Conservation |
2008/024165/08 |
AR Deregistration Process |
Active |
Director |
0 |
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Rousant International |
1994/016288/23 |
Deregistration Final |
Active |
Member |
0 |
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Ananova Trade |
2000/035201/23 |
AR Deregistration Process |
Active |
Member |
0 |
Management
No principals found for this principal type.
Officer
No principals found for this principal type.
Other
No principals found for this principal type
GENERAL COMMENTS
General Comments The members represented above are the representatives of the trust.
BANK
ACCOUNT INFORMATION
BANK
ACCOUNTS
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Account Reference Number |
Account Holder |
Account Number |
Bank Name |
Branch Name |
Branch Code |
Verification Status |
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ABB165562 |
THE RST AGENCIES TRUST |
1670017427 |
Nedbank (South Africa) |
Franschoek |
198765 |
Unverified |
OPERATIONAL ACTIVITIES
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Operational Activities
Status |
The following information
was provided |
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Industry |
Wholesale & Importing |
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Major Industry SIC Code |
4659 - Wholesale of other
machinery and equipment |
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Secondary Industry SIC
Code(s) |
Other business support service
activities n.e.c. |
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NACE Code |
46,7 - Other specialised
wholesale |
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MAJOR OPERATION
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Major Business Activities |
The subject is involved in the wholesale and importing of equipment and
related products utilised in the erection of power lines. The subject also
undertakes the administration of the installation of the equipment utilising
outsourced contractors. |
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Foreign Trade Activities |
International |
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Agencies Held |
Subject holds no agencies. |
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Franchises Held |
The subject holds no
franchises. |
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Major Suppliers |
• Eberhardt
Martin • Schneider
Electric • Dhl • Natal
Forest Products |
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Major Customers |
The Power & Energy
Sectors |
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Major Brands |
• Harding • Schneider
Electric • Eberhardt |
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Major Contracts |
Subject operates on a
contract basis, but declined information. |
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EXPORT
ACTIVITIES
Subject exports
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Exports To |
To the value of |
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Africa |
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OPERATIONAL FOOTPRINT
Operational Footprint Status The following information was provided
BRANCH & PREMISES
INFORMATION
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Location |
Description/Type |
Size (m2) |
# of Staff |
Rented or Owned |
Lease Expiry Date |
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Roosevelt Park |
Office |
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16 |
Leased |
N/A |
EMPLOYEES
Permanent
Employees 16
General Comments
General Comments It was advised that the subject does not require warehousing facilities as equipment
is purchased per order and minimal
stock is kept on hand. Fleet information was not made available
FINANCING TERMS
FINANCING TERMS
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Sales Terms |
• 30 Days • COD |
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Overdraft Facility |
The Subject does not have an
overdraft facility |
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Sureties |
The Principals have not signed
sureties. |
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Debtors Ceded |
Debtors have not been ceded. |
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Debtors Factored |
Debtors have not been
factored. |
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Bonds |
The Subject has no bonds. |
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FINANCIAL FIGURES
General Comments
General Comments Financial figures were not made available
TRADE
REFERENCES
TRADE REFERENCES
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Trade Reference |
Date |
Trade Score |
Terms Given (Taken)
in days |
Monthly Limit Given
(Taken) |
Account Opened |
Payment Trend
(prev. 3 years) |
Account Insured |
Notes |
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TR18043084 |
30/04/2018 |
Neutral |
30 & 45 Days (30 & 45 Days) |
3,000,000 (1,000,000) (ZAR) |
2008 |
50% |
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No |
This is a good account. Purchases are made every 3 months
totalling ZAR3,000,000. |
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TR18043083 |
30/04/2018 |
N/A |
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Dormant account |
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TR18043082 |
30/04/2018 |
N/A |
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Company policy not to provide trade references |
TRADE REFERENCE ANALYTICS
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Number of valid Trade
References |
1 |
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Overall Trade Score |
50% |
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Average Usage of Terms |
0% |
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Average Monthly Purchase |
1,000,000 ZAR |
GENERAL COMMENTS
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General Comments |
Further creditor details
were not made available for trade reference purposes. |
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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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 66.77 |
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1 |
INR 90.58 |
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Euro |
1 |
INR 79.97 |
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ZAR |
1 |
INR 5.34 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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PRI |
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Report Prepared
by : |
KET |
RATING EXPLANATIONS
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with moderate
risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on secured
terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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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.