%20LTD%20-%20164856%2031-Dec-2011_files/image002.jpg){kind=small}
MIRA INFORM REPORT
|
Report Date : |
31.12.2011 |
IDENTIFICATION DETAILS
|
Name : |
AFRIPAK CONSUMER FLEXIBLES (PTY) LTD |
|
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Registered Office : |
75 Richards Carte Road, Mobeni, Durban |
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Country : |
South Africa |
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Date of Incorporation : |
08.07.2008 |
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Com. Reg. No.: |
2008/016495/07 |
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Legal Form : |
Private Company |
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Line of Business : |
Manufacture of flexible packaging |
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No. of Employees
: |
550 |
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 – September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
South Africa |
a2 |
a2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
Company details
Company Information
|
Registered Name |
AFRIPACK CONSUMER FLEXIBLES (PTY) LTD |
|
Trading as/ Division Name |
-AFRIPACK CONSUMER FLEXIBLES CAPE -AFRIPACK CONSUMER FLEXIBLES KZN -REPRO -DLC |
|
Previous Name |
None |
|
Date of Name Change |
N/A |
|
Registration Number |
2008/016495/07 |
|
Registration Date |
2008-07-08 |
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Date Commenced Trading |
2008 |
|
Age of Business |
3 years 2 months |
|
History of Business |
The subject was formed from assets that were formerly in company in
the Astrapak Group. |
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|
|
|
Shareholders and % holding |
80% AFRIPACK (PTY) LTD 20% GREENASH INVESTMENTS (PTY) LTD |
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Authorised Share Capital |
R1000 |
|
Issued Share Capital |
R1 |
|
Status |
In Business |
|
Operations Assessment |
Manufacture of flexible packaging |
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Industry/ Customers |
Various |
|
Export |
Neighbouring countries |
|
Major Industry Code / SICC |
88950 Financial Business |
|
Definition of Code |
Packaging activities |
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Head Office Physical Address |
75 Richards Carte Road MOBENI Durban |
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Head Office Postal Address |
P O Box 12242 JACOBS 4026 The P O Box number of 286 PAARL 7620 belongs to the Cape Town Branch- 021
8601700 |
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Current Tel Number |
031 4521300 |
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Cell number |
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Current Fax Number |
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Current Email Address |
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|
Web Site Address |
Auditors Information
|
Company Registered Name |
DELOITTES AND TOUCHE Registered Auditors |
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Trading Name |
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|
Registration Number |
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|
Physical Address |
Deloitte Place 2 Pencarrow Crescent Pencarrow Office Park La Lucia Ridge Office Estate LA LUCIA 4051 |
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Postal Address |
PO Box 243 DURBAN 4000 |
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Contact Person |
ERIN SAMSON |
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Contact Number |
084 9101408/ 031 5607000 |
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Email |
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Principals |
|
|
Judgements Against Subject |
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|
Judgements Against Principals |
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Subject Verified as Client |
Yes |
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SAICA number |
IRBA 902276 |
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VAT Number |
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Tax Number |
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BEE Status |
Level 2 |
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Financial Year End |
February |
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Years With Auditors |
Many years |
|
Website |
Previous Auditors
|
Company Name |
Phone Number |
Time with previous auditors |
|
EQUFIN
INCORPORATED |
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Tax Information
|
Vat Number |
4700253281 |
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Status |
Active |
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Vat Liable Date |
Monthly |
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Tax Number |
9606069160 |
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Tax Clearance Expire Date |
February |
|
Financial Year End |
September |
Black Economic Empowerment
|
Status |
Unknown, AFRIPACK (PTY) LTD Yes |
|
Score |
Level 3 |
|
Expire Date |
2010-07-20 |
|
BEE Certificate Available |
Yes |
ISO Status
|
Type of ISO Grade |
Yes |
|
ISO Certificate |
|
|
ISO Certificate Available |
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|
Certified by an Accredited Agent |
|
Workman’s compensation
|
Registered |
Yes |
|
Compliance Certified |
Yes |
Company Structure
Subsidiaries
|
Subsidiary Company |
STANDARD LABELS (MAURITIUS) |
|
Shareholding |
100% AFRIPACK CONSUMER FLEXIBLES (PTY) LTD |
|
Registration Number |
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Import / Export |
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Number of
Employees |
550 |
|
1. Salaried
employees |
500 |
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2. Waged
employees |
50 |
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3. Permanent
employees |
550 |
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4. Casual
employees |
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5. Contracted
employees |
On ocassion |
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 |
9 |
|||
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1. Cars/
Light Delivery |
9 |
Owned |
R950 000 |
Nothing |
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2. Trailers |
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3. Busses |
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4. Trucks |
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5. Fork
Lifts |
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6. Other |
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Offices |
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Head Office Owned/ Rented |
Owned |
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Rental Company |
AFRIPACK (PTY) LTD |
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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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Branches Names |
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Cape Town and a few
in Durban |
Branches Owned/ Rented |
Mostly rented, Cape Town owned by AFRIPACK CONSUMER FLEXIBLES (PTY)
LTD |
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Rental Company |
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Owned |
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Value |
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Bank |
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Bond |
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Lease Agreement |
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Lease Expire Date |
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Type of Premises |
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Management
Overview
Organisation chart
|
Level |
Position |
Name |
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Company Structure (Ownership)
Note: One level up and
all levels down
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Holding |
Company |
Sub |
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Trade References
Key
deals signed within the past 12 months.
|
Company |
Value |
Contact |
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Unavailable |
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Trade Reference nr |
Supplier |
Contact |
Surety Value |
Notarial Bonds |
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1 |
Unavailable |
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2 |
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3 |
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4 |
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5 |
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Trade References
Detail
|
Nr |
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
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1 |
Unavailable |
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2 |
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3 |
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4 |
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Adverse
Information on Subject
Judgements
|
Judgements |
None |
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Possible
Judgements |
None |
|
Civil Court |
None |
|
RDs |
None |
Business Rescue
|
Date registered |
Business rescue practitioner |
Contact Information |
Details |
|
None |
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Default Listings
|
Date |
Details |
|
None |
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Notarial Bonds
|
Date |
Details |
|
None |
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Bank
Information
|
Bank |
NEDBANK |
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Branch |
DURBAN BUSINESS BRANCH |
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Bank Account Number |
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Type of Account |
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Account Name |
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Overdraft Facilities |
Yes/No |
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Date Opened |
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Bank Code |
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Bank Comment |
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Bank Codes History
|
Date requested |
Bank Code |
Enquiry Amount |
Number of RD’s |
RD amount |
RD Date |
Bank Comments |
Years with bank |
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Previous Bank
Accounts
|
Banker |
Branch Code |
Account Holder |
Account number |
Date opened |
Years with bank |
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Deeds Information
|
Property Interest |
|||
|
Title Deed No. |
T8350/2010 |
Erf/Site No. |
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Deeds Office |
CAPE TOWN |
Physical Address |
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|
Property Type |
Freehold/ Ervin |
Extent / Size |
5383.0SQM |
|
Purchase Date |
2009-04-06 |
Purchase price |
R8500000 |
|
% Ownership |
0.0000 |
Bond Holder |
NEDBANK LTD |
|
Bond Number |
B51602010 |
Bond Amount |
R5000000 |
|
Property Interest |
|||
|
Title Deed No. |
T52012/2009 |
Erf/Site No. |
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Deeds Office |
CAPE TOWN |
Physical Address |
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Property Type |
Freehold/Ervin |
Extent / Size |
6142.0SQM |
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Purchase Date |
2009-04-06 |
Purchase price |
R6500000 |
|
% Ownership |
0.0000 |
Bond Holder |
NEDBANK LTD |
|
Bond Number |
B281432009 |
Bond Amount |
R4000000 |
Financial Information
Financial
Estimates
|
CURRENT ASSETS |
Unavailable |
|
Stock |
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Debtors |
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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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Previous Year Turnover |
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Estimated Current Year Turnover |
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Current Turnover per month |
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Current Turnover per annum |
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Please note the
following:
|
Turnover and assets less than R 1,000,000.00 |
The subject falls within the National Credit Act |
|
Turnover and assets less than R 2,000,000.00 |
The subject falls within the Consumer Protection Act |
Principals
|
Number of Principals |
4 |
|
Average Age of Active Principals |
46 |
Active Principals
Principal 1 of 4: PANIC RAMPA RAMMOPO
|
Surname |
RAMMOPO |
|
First Name |
PANIC |
|
Other Names |
RAMPA |
|
Marital Status |
Married |
|
ID Number |
6801245799708 |
|
Verified ID Number |
Yes |
|
Current Age |
43 |
|
Designation |
Businessman |
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Status |
Active |
|
Appointment Date |
2009-07-01 |
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Physical Address (at time of Appointment) |
223 Gosforth Crescent KYALAMI 1684 |
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Postal Address |
|
|
Current Tel Number |
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Cell number |
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Current Fax Number |
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Current Email Address |
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Shareholding |
|
Adverse
Information for PANIC RAMPA RAMMOPO
Judgement
|
Number of
Judgements |
None |
Debt
Review
|
Debt review |
None |
Other
|
Default data |
None |
Business Information for PANIC RAMPA
RAMMOPO
Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
None |
|
|
|
|
|
Previous
Business Interests
|
Average Age of
Previous Business Interests |
7 years |
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
None |
|
|
|
|
|
Deeds Information
Property
Interestsfor PANIC RAMPA RAMMOPO
|
Title Deed No. |
None |
Erf/Site No. |
|
|
Deeds Office |
|
Physical Address |
|
|
Property Type |
|
Extent / Size |
|
|
Purchase Date |
|
Purchase price |
|
|
% Ownership |
|
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
|
Principal
2 of 4: ARNOLD VERMAAK
|
Surname |
VERMAAK |
|
First Name |
ARNOLD |
|
Other Names |
|
|
Marital Status |
Married |
|
ID Number |
5910085007081 |
|
Verified ID Number |
Yes |
|
Current Age |
52 |
|
Designation |
Businessman |
|
Status |
Active |
|
Appointment Date |
2009-07-01 |
|
Physical Address (at time of Appointment) |
7 Fern Road Umhlanga Crescent UMHLANGA ROCKS 4319 |
|
Postal Address |
|
|
Current Tel Number |
|
|
Cell number |
|
|
Current Fax Number |
|
|
Current Email Address |
|
|
Shareholding |
|
Adverse Information for ARNOLD VERMAAK
Judgement
|
Number of
Judgements |
None |
Debt
Review
|
Debt review |
None |
Other
|
Default data |
None |
Business Information for ARNOLD VERMAAK
Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
AFRIPACK (PTY)
LTD |
1933/004294/07 |
In Business |
|
0 |
No |
|
FLEXOSACK (PTY)
LTD |
1973/007027/07 |
In Business |
|
0 |
No |
Previous
Business Interests
|
Average Age of
Previous Business Interests |
None |
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
None |
|
|
|
|
|
Deeds Information
Property
Interestsfor ARNOLD VERMAAK
|
Property Interest |
|||
|
Title Deed No. |
T58944/2006 |
Erf/Site No. |
|
|
Deeds Office |
PIETERMARITZBURG |
Physical Address |
19 MEADOW KLOOF KLOOF |
|
Property Type |
Freehold/ Ervin |
Extent / Size |
3718.0SQM |
|
Purchase Date |
2006-09-27 |
Purchase price |
R2800000 |
|
% Ownership |
0.0000 |
Bond Holder |
STANDARD BANK |
|
Bond Number |
B718142006 |
Bond Amount |
R2300000 |
Principal 3 of 4: MARK FLOYD
|
Surname |
FLOYD |
|
First Name |
MARK |
|
Other Names |
None |
|
Marital Status |
Married |
|
ID Number |
6105195139085 |
|
Verified ID Number |
Yes |
|
Current Age |
50 |
|
Designation |
Businessman |
|
Status |
Active |
|
Appointment Date |
2009-07-01 |
|
Physical Address (at time of Appointment) |
12 Weavers Pond Drive The Beach Estate ZIMBALI |
|
Postal Address |
|
|
Current Email Address |
|
|
Shareholding |
(if the principal owns shares) |
Adverse Information
for MARK FLOYD
Judgement
|
Number of
Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Business
Information for MARK FLOYD
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
STRATEGIC
TRANSFER SOLUTIONS (PTY) LTD |
2008/012031/07 |
In Business |
|
0 |
No |
|
UCINGO
ADMINISTRATION 321 (PTY) LTD |
2009/010610/07 |
In Business |
|
0 |
No |
Previous Business Interests
|
Average Age of
Previous Business Interests |
8 years |
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
WILLIS SOUTH AFRICA (PTY) LTD |
1997/020469/07 |
In Business |
|
0 |
No |
|
FONESURE ADMINISTRATION CC |
2008/25321/23 |
Deregistration
Final |
|
0 |
No |
Deeds Information
Property Interestsfor MARK FLOYD
|
Property Interest |
|||
|
Title Deed No. |
T119916/2004 |
Erf/Site No. |
|
|
Deeds Office |
PRETORIA |
Physical Address |
10 WILLOWWOOD BRYANSTON SANDTON |
|
Property Type |
Freehold/ Ervin |
Extent / Size |
543.0SQM |
|
Purchase Date |
2004-06-12 |
Purchase price |
R1300000 |
|
% Ownership |
0.0000 |
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
R0 |
Principal 4 of 4: JAMES HYND
|
Surname |
HYND |
|
First Name |
JAMES |
|
Other Names |
|
|
Marital Status |
Married |
|
ID Number |
7208055003083 |
|
Verified ID Number |
Yes |
|
Current Age |
39 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2009-01-29 |
|
Physical Address (at time of Appointment) |
8 Bridelia Close Simbithi BALLITO 4399 |
|
Postal Address |
|
|
Current Tel Number |
|
|
Cell number |
|
|
Current Fax Number |
|
|
Current Email Address |
|
|
Shareholding |
|
Adverse
Information forJAMES HYND
Judgement
|
Number of
Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Business
Information for JAMES HYND
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
AFRIPAK (PTY)
LTD |
1933/004294/07 |
In Business |
|
0 |
No |
|
FLEXOSACK (PTY)
LTD |
1973/007027/07 |
In Business |
|
0 |
No |
|
J AND J
ACCOUNTING SERVICES CC |
1997/001573/23 |
Deregistration
Process |
|
0 |
No |
|
ELDERBERRY
INVESTMENTS 110 (PTY) LTD |
2007/015704/07 |
In Business |
|
0 |
No |
|
BLOCKBUSTER
TRADING 9 (PTY) LTD |
2007/019579/07 |
In Business |
|
0 |
No |
|
GREENASH TRADING
AND INVESTMENTS 21 (PTY) LTD |
2009/002351/07 |
In Business |
|
0 |
No |
Previous Business Interests
|
Average
Age of Previous Business Interests |
24 years |
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
KOHLER FLEXIBLE PACKAGING
(PINETOWN) (PTY) LTD |
1972/008770/07 |
Deregistration
Final |
|
0 |
No |
|
KOHLER DIGIFLEX
(PTY) LTD |
2001/007824/07 |
Deregistration
Final |
|
0 |
No |
Deeds Information
Property Interestsfor JAMES HYND
|
Property Interest |
|||
|
Title Deed No. |
T24735/2005 |
Erf/Site No. |
|
|
Deeds Office |
PIETERMARITZBURG |
Physical Address |
|
|
Property Type |
Freehold/ Ervin |
Extent / Size |
2186.0SQM |
|
Purchase Date |
2003-09-29 |
Purchase price |
R541800 |
|
% Ownership |
0.0000 |
Bond Holder |
NEDBANK LTD |
|
Bond Number |
B271952005 |
Bond Amount |
R1900000 |
|
Property Interest |
|||
|
Title Deed No. |
ST26392/2009 |
Erf/Site No. |
166.0 |
|
Deeds Office |
PIETERMARITZBURG |
Physical Address |
|
|
Property Type |
Sectional Title/ Unit |
Extent / Size |
142.0SQM |
|
Purchase Date |
2008-07-11 |
Purchase price |
R1290375 |
|
% Ownership |
0.0000 |
Bond Holder |
NEDBANK LTD |
|
Bond Number |
SB134732009 |
Bond Amount |
R1166500 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.36 |
|
UK Pound |
1 |
Rs.82.51 |
|
Euro |
1 |
Rs.68.99 |
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.