%20LTD%20-%20146449%2002-Jul-2011_files/image002.jpg){kind=small}
MIRA
INFORM REPORT
|
Report Date : |
02.07.2011 |
IDENTIFICATION DETAILS
|
Name : |
STOPAK (PTY) LTD |
|
|
|
|
Formerly Known As : |
STOPAK LINER BAGS |
|
|
|
|
Registered Office : |
PO Box 45581 Ottery 7808 |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
24.06.1991 |
|
|
|
|
Com. Reg. No.: |
1991/003267/07 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
-- |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
South Africa |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Assessment
On contacting the company it was established that MR M BURTON was away
and just returned this week.
He currently very busy and was unable to speak to me over the phone.
An email questionnaire was forwarded to him and we await a reply.
However please see basic details obtained below.
Should any further details be available we will incorporate into the report
and resend .
Company Information
|
Registered
Name |
STOPAK (PTY) LTD |
|
Trading
as/ Division Name |
None |
|
Previous Name |
STOPAK LINER BAGS |
|
Date of Name
Change |
1999-07-21 |
|
Registration
Number |
1991/003267/07 |
|
Registration
Date |
1991-06-24 |
|
Date Commenced
Trading |
Not available |
|
History of
Business |
Not available |
|
History of
Principals |
Not available |
|
Shareholders/Members/Partners
of subject and % holding |
M BURTON? |
|
Authorised Share
Capital |
Not available |
|
Issued Share
Capital/Members Contribution |
Not available |
|
Age of Company |
20 years |
|
Status |
In Business |
|
Operations
Assessment |
Not available |
|
Industry/
Customers |
Not available |
|
Major Industry
Code / SICC |
Not available |
|
Definition of Code
|
Not available |
|
Head Office
Physical Address |
Not available |
|
Head Office
Postal Address |
PO Box 45581 OTTERY 7808 |
|
Current Tel
Number |
021 7039393 |
|
Current Fax
Number |
Not available |
|
Current Email
Address |
mervyn@stopak.com |
|
Web Site Address |
Not available |
Tax Information
|
Vat Number |
4470118417 |
|
Status |
Not available |
|
Vat Liable Date |
Not available |
|
Tax Number |
9741124033 |
|
Tax Clearance
Expire Date |
Not available |
|
Financial Year End |
Not available |
Black Economic Empowerment
|
Status |
Not available |
ISO Status
|
Type of ISO
Grade |
Not available |
Workman’s compensation
|
Registered |
Not available |
Company Structure
|
Branches |
Not available |
|
Subsidiary
Companies |
Not available |
|
Number of
Employees |
Not available |
Company Fleet |
Not available |
Head Office
Owned/ Rented |
Not available |
Branches Owned/
Rented |
Not available |
Trade References
|
Supplier |
Contact |
|
Not available |
|
Trade References
|
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
|
Not available |
|
|
|
|
|
|
Adverse Information on Subject
|
Judgements |
None |
|
Possible
Judgements |
None |
|
Civil Court |
None |
|
RDs |
None |
Auditors Information
|
Company
Registered Name |
RSM BETTY AND DICKSON (CAPE TOWN)? |
|
Trading Name |
Auditor info not available or confirmed |
Previous Auditors
|
Company Name/ Tel |
Time With Previous Auditors |
|
R KOHLER AND COMPANY |
Unknown |
|
HAUMANN ROGER AND CO |
20 Years |
Bank Information
|
Bank |
Not available |
Deeds Information
|
Property Interest |
|||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Property Type: |
None |
Stand Number: |
|
|
Street Number: |
|
Street Name: |
|
|
Municipal Suburb: |
|
Municipal City: |
|
|
Township Name: |
|
Province: |
|
|
Deeds Office: |
|
Transfer ID: |
|
|
Title Deed Number: |
|
Purchase Date: |
|
|
Transfer Date: |
|
Erf Size: |
|
|
Sold Price: |
|
|
|
Financial Information
Financial Estimates
|
CURRENT ASSETS |
All financials not available |
Principals
|
Number of
Principals |
3 |
|
Average Age of
Active Principals |
47 |
Active Principals
Principal 1 of 3
|
Surname |
BURTON |
|
First Names |
MERVYN |
|
ID Number |
5806135045081 |
|
Verified ID
Number |
Yes |
|
Current Age |
53 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2008-03-01 |
|
Address
(at time of Appointment) |
2 Chess Road CLAREMONT Cape Town |
Adverse Information on Principal
Judgement
|
Number of
Judgements |
None on record |
Debt
Review
|
Debt review |
None |
Other
|
Default data |
None |
Business Information on Principal
Current
Business Interests
|
Company
Name |
Registration No |
Status |
Judgements |
Liquidation |
|
CIMAS TRUST COMPANY (PTY) LTD |
1962/002264/07 |
Voluntary
Liquidation |
0 |
Yes |
|
W ESTERHUYSEN INVESTMENTS (PTY) LTD |
1966/004967/07 |
In Business |
0 |
No |
|
BLRT
INVESTMENTS LTD |
1998/001901/06 |
In Business |
0 |
No |
|
STOPAK SA (PTY) LTD |
2007/025455/07 |
In Business |
0 |
No |
|
ODVEST 74 (PTY) LTD |
2008/006238/07 |
In Business |
0 |
No |
|
AXITRADE NO 1 (PTY) LTD |
2008/013359/07 |
In Business |
0 |
No |
|
BURVYN IMPORTERS AND TRADERS CC |
2011/047121/23 |
In Business |
0 |
No |
Previous Business Interests
|
Average Age of
Previous Business Interests |
40 years |
|
Company
Name |
Registration No |
Status |
Judgements |
Liquidation |
|
CONCENTRA
LTD |
1937/009528/06 |
Deregistration
Final |
0 |
No |
|
SOUTH
AFRICAN MEDICAL AID CONSULTANTS (PTY) LTD |
1963/004037/07 |
Dissolved |
0 |
No |
|
WOOLTRU
FINANCE (PTY) LTD |
1982/006762/07 |
In Business |
0 |
No |
|
KOMIX
PRODUCTS CC |
1993/032432/23 |
Conversion |
0 |
No |
|
STRIKER
FISHING ENTERPRISES (PTY) LTD |
1997/001629/07 |
In Business |
0 |
No |
|
IGAGASI
FISHING (PTY) LTD |
1997/005515/07 |
In Business |
0 |
No |
|
OCEAN
VIEW AND MASIPHUMELELE FISHING (PTY) LTD |
1998/011485/07 |
In Business |
0 |
No |
|
STOPAK
DESSICANT (PTY) LTD |
a |
In Business |
0 |
No |
|
N0OBIZ
AFIKA 131 (PTY) LTD |
1999/0224544/07 |
In Business |
0 |
No |
|
TOOTHBRUSH
HOLDINGS (PTY) LTD |
2002/016743/07 |
Deregistration
Process |
0 |
No |
|
SOUTH
PRINCESS FISHING (PTY) LTD |
12002/016743/07 |
In Business |
0 |
No |
|
STOPAK
LIQUIDS (PTY) LTD |
2006/003806/07 |
In Business |
0 |
No |
Deeds Information
Property
Interests of Principle
|
Property Interest |
|||
|
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 3
|
Surname |
SHAW |
|
First Names |
CHRISTOPHER |
|
Marital Status |
|
|
ID Number |
6412155114086 |
|
Verified ID
Number |
Yes |
|
Current Age |
47 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2002-07-01 |
|
Address (at time
of Appointment) |
6 Clifton Terrace OBSERVATORY 7924 |
Adverse Information on Principal
Judgement
|
Number of
Judgements |
None on record |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Business Information on Principal
Current Business Interests
|
Company
Name |
Registration No |
Status |
Judgements |
Liquidation |
|
W ESTERHUYSEN INVESTMENTS (PTY) LTD |
1966/004967/07 |
In Business |
0 |
No |
|
STOPAK SA (PTY) LTD |
2007/025455/07 |
In Business |
0 |
No |
|
ODVEST 74 (PTY) LTD |
2008/006238/07 |
In Business |
0 |
No |
|
AXITRADE NO 1 (PTY) LTD |
2008/013359/07 |
In Business |
0 |
No |
|
STOPAK
LIQUIDS (PTY) LTD |
2006/003806/07 |
In Business |
0 |
No |
|
STOPAK
DESSICANT (PTY) LTD |
1999/003334/07 |
In Business |
0 |
No |
|
GLOBALWEAVER SOLUTIONS CC |
2003/025886/03 |
Deregistration
Final |
0 |
No |
|
MIDNIGHT FEAST PROPERTIES 116 (PTY) LTD |
2010/016747/07 |
In Business |
0 |
No |
Previous Business Interests
|
Average Age of
Previous Business Interests |
5 years |
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
CORDSTRAP
SOUTH AFRICA (PTY) LTD |
2006/017364/07 |
In business |
0 |
No |
Deeds Information
Property Interests of Principle
|
Property Interest |
|||
|
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 3 of 3
|
Surname |
PANSEGROW |
|
First Names |
BESTER |
|
Marital Status |
|
|
ID Number |
6806035108087 |
|
Verified ID
Number |
Yes |
|
Current Age |
43 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
1997-09-27 |
|
Address
(at time of Appointment) |
3 Leatitia Road STELLENBOSCH 7600 |
Adverse Information on Principal
Judgement
|
Number of
Judgements |
None on record |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Business Information on Principal
Current Business Interests
|
Company
Name |
Registration No |
Status |
Judgements |
Liquidation |
|
W
ESTERHUYSEN INVESTMENTS (PTY) LTD |
1966/004967/07 |
In Business |
0 |
No |
|
STOPAK
SA (PTY) LTD |
2007/025455/07 |
In Business |
0 |
No |
|
ODVEST
74 (PTY) LTD |
2008/006238/07 |
In Business |
0 |
No |
|
AXITRADE
NO 1 (PTY) LTD |
2008/013359/07 |
In Business |
0 |
No |
|
STOPAK
LIQUIDS (PTY) LTD |
2006/003806/07 |
In Business |
0 |
No |
|
STOPAK
DESSICANT (PTY) LTD |
1999/003334/07 |
In Business |
0 |
No |
|
STOPAK
PROPERTIES (PTY) LTD |
1990/006201/07 |
In Business |
0 |
No |
|
MIDNIGHT
FEAST PROPERTIES 116 (PTY) LTD |
2010/016747/07 |
In Business |
0 |
No |
Previous Business Interests
|
Average Age of
Previous Business Interests |
6 years |
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
CORDSTRAP
SOUTH AFRICA (PTY) LTD |
2006/017364/07 |
In Business |
0 |
No |
|
POWER
PLASTICS (PTY) LTD |
2003/017618/07 |
In Business |
0 |
No |
Deeds Information
Property Interests of Principle
|
Property Interest |
|||
|
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 |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.58 |
|
|
1 |
Rs.71.75 |
|
Euro |
1 |
Rs.64.80 |
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.