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MIRA INFORM REPORT
|
Report Date : |
21.07.2011 |
IDENTIFICATION DETAILS
|
Name : |
AFRIPLEX (PTY) LTD |
|
|
|
|
Registered Office : |
10 De Vreugde Crescent, Paarl, Western
Cape |
|
|
|
|
Country : |
South Africa |
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|
|
|
Date of Incorporation : |
27.07.2001 |
|
|
|
|
Com. Reg. No.: |
2001/016535/07 |
|
|
|
|
Legal Form : |
Private Company |
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|
|
|
Line of Business : |
The manufacturing and distribution of nutriceutical and pharmaceutical
products |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
Payment
Behaviour : |
No Complaints |
|
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:
This is an
established company.
Commitments are
being paid within terms.
A bank code revealed
that the subject is considered equal to their normal business engagements.
The subject is considered equal to an amount
of R500 000 as a maximum
Company Information
|
Registered
Name |
AFRIPLEX (PTY) LTD |
||
|
Registration
Number |
2001/016535/07 |
||
|
Registration
Date |
27 July 2001 |
||
|
Date Commenced
Trading |
27 July 2001 |
||
|
History
of Business |
The subject was commenced as a new
business. |
||
|
History
of Principals |
Not available |
||
|
Shareholders
of subject and % holding |
83% AQUA TRUST in which D J C NEL is a
trustee. 10% DIE DONNIE MALHERBE TRUST in which G F
MALHERBE is a trustee. 7% RIAAN VAN BREDA TRUST in which R VAN
BREDA is a trustee. |
||
|
Authorised
Share Capital |
R1 000 divided into 1 000
ordinary R1 shares |
||
|
Issued
Share Capital |
R100 |
||
|
Age
of Company |
10 years |
||
|
Status |
Active |
||
|
Operations
Assessment |
The manufacturing
and distribution of nutriceutical and pharmaceutical products |
||
|
Industry/
Customers |
Food, beverage,
pharmaceutical and healthcare industries. |
||
|
Insurance
Brokers |
FIN BROKERS -
Paarl |
||
|
Major
Industry Code / SICC |
|
||
|
Definition
of Code |
Manufacture of pharmaceuticals, medicinal
chemical & botanical products |
||
|
Head
Office Physical Address |
10 de Vreugde Crescent PAARL Western Cape |
||
|
Head
Office Postal Address |
P O Box 3186 PAARL 7620 |
||
|
Current
Tel Number Cell
number |
021 872
4976 |
||
|
Current
Fax Number |
021 872
4930 |
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|
Current
Email Address |
|||
|
Web Site Address |
Auditors Information
|
Company
Registered Name |
DE VILLIERS BROODRYK (PAARL) INC |
|
Registration
Number |
2001/003908/21 |
|
Physical Address |
10 Van Der Lingen Street PAARL Western Cape |
|
Postal Address |
P O Box 10 PAARL 7620 |
|
Contact Person |
Niel De Villiers |
|
Contact Number |
021 872 3172 |
|
Email |
|
|
Principals |
3 |
|
Judgements
Against Subject |
None |
|
Judgements
Against Principals |
None |
|
Subject Verified
as Client |
Yes |
|
Practice number |
900672 |
|
VAT Number |
4410194924 |
|
Tax Number |
9004445145 |
|
Financial Year
End |
June |
|
Years With
Auditors |
10 years |
|
Website |
Previous Auditors
|
Company Name/ Tel |
Time With Previous Auditors |
|
R W IRISH-ALLIOTT INC |
Unknown |
Tax Information
|
Vat Number |
4380196867 |
|
Status |
Active |
|
Vat Liable Date |
1 February 2002 |
|
Tax Number |
9921043148 |
|
Tax Clearance
Expire Date |
September 2012 |
|
Financial Year
End |
SEPTEMBER |
Black Economic Empowerment
|
Status |
Yes |
|
Score |
Level 4 |
|
Expire Date |
May 2012 |
|
BEE Certificate
Available |
Yes |
ISO Status
|
Type of ISO
Grade |
No |
|
ISO Certificate |
No |
|
ISO Certificate
Available |
No |
|
Certified by an
Accredited Agent |
No |
The subject is
members of IUFOST, SAAFI and IFEAT
Workman’s
compensation
|
Registered |
Yes |
|
Compliance
Certified |
Yes |
Company Structure
|
Branches |
None |
|
Subsidiary
Company |
None |
|
Shareholding |
|
|
Registration
Number |
|
|
Import / Export |
|
|
Number of
Employees |
70 total |
|
1.
Salaried
employees |
|
|
2.
Waged
employees |
|
|
3.
Permanent
employees |
60 |
|
4.
Casual
employees |
|
|
5.
Contracted
employees |
10 |
Company Fleet |
|
|
Fleet Operations |
3 total |
|
The Fleet is
made up of |
|
|
1.
Cars |
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|
2.
Light
Delivery Vehicles |
3 |
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3.
Trailers |
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4.
Busses |
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5.
Trucks |
|
|
6.
Fork
Lifts |
|
|
7.
Other |
|
Head Office
Owned/ Rented |
Owned |
|
Rental Company |
|
|
Owned by |
TECHNO PROPERTIES (PTY) LTD |
|
Value |
R15 000 000 |
|
Bank |
|
|
Bond |
Free of bond |
|
Lease Agreement |
3 year lease agreement with the associate company. |
|
Lease Expire
Date |
2015 |
|
Type of Premises |
The heading premises comprise of administration offices, laboratories,
warehousing and manufacturing facilities. |
Trade References
The subject imports raw materials from Europe and India
|
Supplier |
Contact |
|
JONEN FREIHT |
011 396
1113 |
|
BOWLER PLASTICS |
021 704
2223 |
|
MAXI STAR |
011 474
5474 |
|
CHEMPIER |
Unable to obtain
a correct number |
|
ORLEY FOODS |
021 526
6400 |
Trade References
|
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
|
April 2009 |
R300 000 |
R230 000 |
30 |
R170 000 |
30+ |
Good |
|
Jan 2009 |
R40 000 |
R100 000 |
30 |
R100 000 |
30 |
Good |
|
July 2009 |
R200 000 |
R200 000 Per invoice |
7 |
R170 000 Sporadic
purchases |
7 From date of invoice |
Good |
Adverse
Information on Subject
|
Judgements |
No information on record |
|
Possible
Judgements |
|
|
Civil Court |
|
|
RDs |
|
Judgements
|
Case Number |
No information on record |
|
Amount |
|
|
Reason |
|
|
Court Name |
|
|
Judgement Type |
|
|
Judgement Date |
|
|
Plaintiff
(Multiple) |
|
Default Data
|
Date |
Details |
|
No information on record |
|
Notarial Bonds
|
Date |
Details |
|
No information on record |
|
Deeds Information
|
Property Interest |
|||
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Property Type: |
No information 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: |
|
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
|
Bank |
STANDARD BANK |
|
Branch |
Lady Grey Street PAARL |
|
Bank Account Number |
072171995 |
|
Type of account |
Current |
|
Branch Code |
050210 |
|
Account Name |
AFRIPLEX (PTY) LTD |
|
Date Opened |
26 January 2002 |
|
Bank Code |
C |
|
Bank Comment |
The subject’s bankers consider them good for all business normal
engagements |
Bank Codes History
|
Date requested |
Bank Code |
Enquiry Amount |
Number of RD’s |
RD amount |
RD Date |
Bank Comments |
|
No information on record |
|
|
|
|
|
|
Previous Bank
Accounts
|
Banker |
Branch Code |
Account Holder |
Account number |
Date opened |
Years with bank |
|
No information on record |
|
|
|
|
|
Financial Information
Financial
Estimates
|
CURRENT ASSETS |
The Financial Director declined to assist with any financial
information whatsoever. |
|
Stock |
|
|
Debtors |
|
|
Cash on Hand |
|
|
FIXED ASSETS |
|
|
Plant,
Equipment, Vehicles |
|
|
Property |
|
|
CURRENT
LIABILITIES |
|
|
Creditors
|
|
|
Loans/
From? |
|
|
LONG
TERM LIABILITIES |
|
|
Morgage
Bonds |
|
|
ANNUAL
/ MONTHLY Turnover |
|
|
Previous
Year Turnover |
|
|
Estimated
Current Year Turnover |
|
Principals
|
Number
of Principals |
3 |
|
Average Age of
Active Principals |
51 |
Active Principals
Principal 1 of 3
|
Surname |
MALHERBE |
|
First Names |
GIDEON, F |
|
Marital Status |
Married |
|
ID Number |
6504215179008 |
|
Verified ID
Number |
Yes |
|
Current Age |
46 |
|
Designation |
Businessman / director |
|
Status |
Active |
|
Appointment Date |
1 November 2003 |
|
Address (at time of
Appointment) |
GLS 11 Electron Street Techno Park STELLENBOSCH 7600 |
Adverse
Information on Principal
Judgement
|
Number of
Judgements |
No information on record |
Debt Review
|
Debt review |
No information on record |
Other
|
Default data |
No Information on record |
Business Information on
Principal
Current Business Interests
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
AFRIPLEX
FLAVOURS AND FRAGRANCES (PTY) LTD |
1980/000752/07 |
In business |
0 |
No |
|
PROPBEL FORTY
NINE (PTY) LTD |
2002/029779/07 |
In business |
0 |
No |
|
N A L D
INVESTMENTS CC |
2003/105040/23 |
Deregistration
process |
0 |
No |
|
HEBRON BOEGOE
BOERDERY (PTY) LTD |
2005/015302/07 |
In business |
0 |
No |
Previous Business Interests
|
Average Age of Previous
Business Interests |
10 years 2 months |
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
PURIS NATURAL
AROMA CHEMICALS (PTY) LTD |
2001/010785/07 |
In business |
0 |
No |
Deeds Information
Property Interests of Principle
|
Property Interest |
|||
|
Title Deed No. |
No information on record |
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 |
VAN BREDA |
|
First Names |
RIAAN |
|
Marital Status |
Married |
|
ID Number |
5607285010085 |
|
Verified ID
Number |
Yes |
|
Current Age |
55 |
|
Designation |
Businessman / director |
|
Status |
Active |
|
Appointment Date |
6 August 2001 |
|
Address (at time of
Appointment) |
9 Cumming Street WELLINGTON 7655 |
Adverse
Information on Principal
Judgement
|
Number of
Judgements |
No information on record |
Debt Review
|
Debt review |
No information on record |
Other
|
Default data |
No information on record |
Business
Information on Principal
Current Business
Interests
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
AFRIPLEX FALVOURS
AND FRAGRANCES (PTY) LTD |
1980/000752/07 |
In business |
0 |
No |
|
KING PIE
(BRACKENFELL) (PTY) LTD |
1994/002481/07 |
Deregistration
final |
0 |
No |
|
ENFIN
AGRICULTURAL (PTY) LTD |
1999/007381/07 |
In business |
0 |
No |
Previous Business Interests
|
Average Age of
Previous Business Interests |
13 years 3 months |
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
ALDOMAR
ENGINEERING SOLUTIONS CC |
1998/022930/23 |
Deregistration
final |
0 |
No |
Deeds Information
Property Interests
of Principle
|
Property Interest |
|||
|
Title Deed No. |
No information on record |
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 |
NEL |
|
First Names |
DANIEL, J, C |
|
Marital Status |
Married |
|
ID Number |
5803195044088 |
|
Verified ID
Number |
Yes |
|
Current Age |
53 |
|
Designation |
Businessman / director |
|
Status |
Active |
|
Appointment Date |
6 August 2001 |
|
Address (at time of
Appointment) |
No. 19 First Avenue WELLINGTON 7655 |
Adverse
Information on Principal
Judgement
|
Number of
Judgements |
No information on record |
Debt Review
|
Debt review |
No information on record |
Other
|
Default data |
No information on record |
Business
Information on Principal
Current Business
Interests
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
AFRIPLEX
FLAVOURS AND FRAGRANCES (PTY) LTD |
1980/000752/07 |
In business |
0 |
No |
|
D
P TRANSPORT CC |
1991/022950/23 |
Conversion CO/CC
or CC/CO |
0 |
No |
|
TECHNO
PROPERTIES (PTY) LTD |
1993/005355/07 |
In business |
0 |
No |
|
BOLAND
PLASTIEK PRODUKTE (PTY) LTD |
1996/000894/07 |
In business |
0 |
No |
|
PLIOSAUR
PROJECTS (PTY) LTD |
1998/011895/07 |
Deregistration
final |
0 |
No |
|
MMDN
INVESTMENTS (PTY) LTD |
1999/006925/07 |
In business |
0 |
No |
|
ENFIN AGRICULTURAL
(PTY) LTD |
1999/007381/07 |
In business |
0 |
No |
|
LANDHOLD
PROPERTIES (PTY) LTD |
1999/007845/07 |
In business |
0 |
No |
|
BALLOT TRADERS
(PTY) LTD |
1999/011877/07 |
Deregistration
final |
0 |
No |
|
ENVIGORATION
(PTY) LTD |
1999/017332/07 |
In business |
0 |
No |
|
THE GREEN TEA
COMPANY (PTY) LTD |
2004/015629/07 |
Deregistration
process |
0 |
No |
|
AFRIBOSBUCHU
(PTY) LTD |
2004/020056/07 |
Deregistration
process |
0 |
No |
|
AP-EP PHARMA
(PTY) LTD |
2004/020174/07 |
In business |
0 |
No |
|
WELVISI |
2004/031513/08 |
In business |
0 |
No |
|
ZITLAND
INVESTMENTS (PTY) LTD |
2005/010065/07 |
In business |
0 |
No |
|
HEBRON BOEGOE
BOERDERY (PTY) LTD |
2005/015302/07 |
In business |
0 |
No |
Previous Business
Interests
|
Average Age of
Previous Business Interests |
14 years 6 months |
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
WIER ENVIG (PTY)
LTD |
1990/000147/07 |
In business |
0 |
No |
|
WEIR TECHNA AFRICA
(PTY) LTD |
1990/005715/07 |
In business |
0 |
No |
|
TRIBAL FOODS CC |
1990/025504/23 |
In business |
0 |
No |
|
ENVIG PROCESS
SYSTEMS (PTY0 LTD |
1997/003844/07 |
In business |
0 |
No |
|
MEMBRATEK (PTY)
LTD |
1997/017077/07 |
In business |
0 |
No |
|
MALUTSA (PTY)
LTD |
1997/020397/07 |
In business |
0 |
No |
|
DORMELL
PROPERTIES 263 (PTY) LTD |
2003/022230/07 |
In business |
0 |
No |
|
HOODIA
DISTRIBUTORS SOUTH AFRICA (PTY) LTD |
2005/040065/07 |
In business |
0 |
No |
Deeds
Information
Property
Interests of Principle
|
Property Interest |
|||
|
Title Deed No. |
No information on record |
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.44.46 |
|
UK Pound |
1 |
Rs.71.67 |
|
Euro |
1 |
Rs.62.94 |
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.