MIRA INFORM REPORT
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Report Date : |
17.08.2011 |
IDENTIFICATION DETAILS
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Name : |
CAPE CONFECTIONS CC |
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Registered Office : |
Plot 22936, Danieldale, Nthombeni Way, Noordhoek 7985 |
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Country : |
South Africa |
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Date of Incorporation : |
07.08.1986 |
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Com. Reg. No.: |
1986/014276/23 |
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Legal Form : |
Closed Corporation |
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Line of Business : |
Supplier of ingredients used in the manufacture of international
brands of food. |
RATING & COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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Status : |
Undetermined |
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Payment
Behaviour : |
---- |
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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 – March 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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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 |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Assessment:
Contact was made with the subject and an email questionnaire was forwarded
for the owner to complete.
It was later stated that he is not willing to assist with any
information whatsoever.
We therefore cannot recommend credit dealings.
Please note that there is a judgment on the name of the owner.
Please see the available information attached.
Company Information
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Registered
Name |
CAPE CONFECTIONS CC |
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Trading
as/ Division Name |
CAPE FOOD INGREDIENTS |
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Previous Name |
None |
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Date of Name
Change |
N/A |
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Registration
Number |
1986/014276/23 |
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Registration
Date |
1986-08-07 |
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Age of Company |
25 years |
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Status |
In Business |
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Operations
Assessment |
Supplier of ingredients used in the
manufacture of international brands of food. |
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Major Industry
Code / SICC |
61221 Wholesale Retail |
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Definition of
Code |
Wholesale trade in foodstuffs/ |
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Head Office
Physical Address |
Plot 22936 Danieldale, Nthombeni Way NOORDHOEK 7985 |
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Head Office
Postal Address |
Box 617 |
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Current Tel
Number |
021 7891885 |
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Current Fax
Number |
021 7891233 |
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Web Site Address |
Auditors Information
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Company
Registered Name |
STALLEY CHARTERED ACCOUNTANTS |
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Contact Number |
Unable to obtain |
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SAICA number |
903072 |
Previous Auditors
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Company Name/ Tel |
Time With Previous Auditors |
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FRIEDBURG MILLER GRUFT AND COMPANY |
Unknown |
Tax Information
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Vat Number |
None on record |
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Tax Number |
9130311039 |
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Financial Year
End |
February |
Black Economic
Empowerment
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Status |
Unknown |
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Score |
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Expire Date |
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BEE Certificate
Available |
Yes/No |
ISO Status
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Type of ISO
Grade |
Unknown |
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ISO Certificate |
Yes/No |
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ISO Certificate
Available |
Yes/No |
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Certified by anAccredited
Agent |
Yes/No |
Workman’s
compensation
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Registered |
Unknown |
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Compliance
Certified |
Yes/No |
Company Structure
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Branches |
Declined |
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Subsidiary
Company |
Declined |
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Shareholding |
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Registration
Number |
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Import / Export |
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Number of
Employees |
Declined |
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1.
Salaried
employees |
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2.
Waged
employees |
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3.
Permanent
employees |
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4.
Casual
employees |
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5.
Contracted
employees |
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Company Fleet |
No of vehicles: |
Owned/ Leased |
Value |
Outstanding
Balance |
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Fleet Operations |
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The Fleet is
made up of |
Declined |
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1.
Cars |
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2.
Light
Delivery Vehicles |
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3.
Trailers |
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4.
Busses |
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5.
Trucks |
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6.
Fork
Lifts |
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7.
Other |
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Head
OfficeOwned/ Rented |
Declined |
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Rental Company |
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Owned by |
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Value |
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Bond |
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Bank |
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Lease Agreement |
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Lease Expire
Date |
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Type of Premises |
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Trade References
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Supplier |
Contact |
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Declined |
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Adverse
Information on Subject
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Judgements |
None |
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Possible Judgements |
None |
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Civil Court |
None |
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RDs |
None |
Default Data
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Date |
Details |
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None |
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Notarial Bonds
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Date |
Details |
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None |
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Deeds Information
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Property Interest |
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Property Type: |
None on record |
Stand Number: |
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Street Number: |
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Street Name: |
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Municipal Suburb: |
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Municipal City: |
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Township Name: |
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Province: |
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Deeds Office: |
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Transfer ID: |
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Title Deed Number: |
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Purchase Date: |
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Transfer Date: |
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Erf Size: |
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Sold Price: |
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Bank Information
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Bank |
Declined |
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Branch |
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Bank Account
Number |
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Type of Account |
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Branch Code |
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Account Name |
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Overdraft
Facilities |
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Date Opened |
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Bank Code |
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Bank Comment |
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Bank CodesHistory
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Date requested |
Bank Code |
Enquiry Amount |
Number of RD’s |
RD amount |
RD Date |
Bank Comments |
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None |
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Previous Bank
Accounts
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Banker |
Branch Code |
Account Holder |
Account number |
Date opened |
Years with bank |
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None |
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Financial Information
Financial
Estimates
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CURRENT ASSETS |
Declined |
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Stock |
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Debtors |
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Cash on Hand |
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FIXED ASSETS |
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Plant,
Equipment, Vehicles |
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Property |
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CURRENT
LIABILITIES |
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Creditors |
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Loans/ From? |
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LONG TERM
LIABILITIES |
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Morgage
Bonds |
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ANNUAL
/ MONTHLY Turnover |
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Previous
Year Turnover |
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Estimated
Current Year Turnover |
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Principals
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Number of
Principals |
1 |
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Average
Age of Active Principals |
54 |
Active Principals
Principal 1 of 1
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Surname |
LANTON |
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First Names |
BRIAN |
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Marital Status |
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ID Number |
5711035772182 |
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Verified ID
Number |
Yes |
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Current Age |
54 |
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Designation |
Member |
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Status |
Active |
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Appointment Date |
1986-08-07 |
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Address (at time of
Appointment) |
Plot 30 936 Nthombeni Way NOORDHOEK 7979 |
Adverse
Information on Principal
Judgement
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Number of
Judgements |
1 |
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Case Number |
887/2008 |
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Amount |
R48 971.00 |
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Reason |
Income Tax |
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Court Name |
GEORGE MAGISTRATES COURT |
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Judgement Type |
Judgement |
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Judgement Date |
2008-06-12 |
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Plaintiff (Multiple) |
SARS |
Debt Review
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Debt review |
None |
Other
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Default data |
None |
Business Information on
Principal
Current Business Interests
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Company
Name |
Registration No |
Status |
Judgements |
Liquidation |
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S
A PECTIN (PTY) LTD |
1989/001098/23 |
In Business |
0 |
No |
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SOYA
BEVERAGE INDUTRIES (PTY) LTD |
1991/004169/07 |
Deregistration
Process |
0 |
No |
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NUTRAPRIME
FOODS (PTY) LTD |
1992/000757/07 |
Deregistration
Process |
|
No |
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SUNPECTIN
(PTY) LTD |
1993/002249/07 |
Deregistration
Process |
0 |
No |
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A-JOY
POWDERED FOODS (PTY) LTD |
1995/004886/07 |
Deregistration
Process |
0 |
No |
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BIO-COMMODITIES
(PTY) LTD |
1995/010218/07 |
Deregistration
Final |
0 |
No |
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MARTIQ
1194 CC |
2004/004982/23 |
Deregistration
Process |
0 |
No |
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TINAS
TRADITIONAL BEVERAGES CC |
2004/070921/23 |
In Business |
0 |
No |
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CHAMPS
BEVERAGES KZN CC |
2009/124741/23 |
In Business |
0 |
No |
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CHAMPS
BEVERAGES GAUTENG CC |
2009/124742/23 |
In Business |
0 |
No |
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DELITE
FOODS CC |
2009/136786/23 |
In Business |
0 |
No |
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INTERCONTINENTAL
BEVERAGES CC |
2009/145683/23 |
In Business |
0 |
No |
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S
AND B BOTTLERS CC |
2010/156082/23 |
In Business |
0 |
No |
Previous Business
Interests
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Average Age of
Previous Business Interests |
None |
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Company Name |
Registration No |
Status |
Judgements |
Liquidation |
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None on record |
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Deeds Information
Property Interests of
Principle
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Property Interest |
|||
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Title Deed No. |
T68477/2001 |
Erf/Site No. |
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Deeds Office |
CAPE TOWN |
Physical Address |
NOORDHOEK NOORDHOEK |
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Property Type |
Farms |
Extent / Size |
1.9072H |
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Purchase Date |
2000-11-15 |
Purchase price |
700000.0000 |
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% Ownership |
0.0000 |
Bond Holder |
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Bond Number |
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Bond Amount |
0.0000 |
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Property Interest |
|||
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Title Deed No. |
T68478/2001 |
Erf/Site No. |
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Deeds Office |
CAPE TOWN |
Physical Address |
NOORDHOEK NOORDHOEK |
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Property Type |
Farms |
Extent / Size |
1.4106H |
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Purchase Date |
1992-03-18 |
Purchase price |
1400000.0000 |
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% Ownership |
0.0000 |
Bond Holder |
ABSA BANK LTD |
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Bond Number |
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Bond Amount |
800000.0000 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.25 |
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UK Pound |
1 |
Rs.73.88 |
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Euro |
1 |
Rs.65.06 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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---- |
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.