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MIRA INFORM REPORT
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Report Date : |
25.06.2011 |
IDENTIFICATION DETAILS
|
Name : |
EVERNU PLASTICS (PTY) LTD |
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Registered Office : |
201/202 Lupin House, 101 Stanley Copley Drive, Asherville, Durban |
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Country : |
South Africa |
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Date of Incorporation : |
29.10.2002 |
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Com. Reg. No.: |
2002/026976/07 |
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Legal Form : |
Private Company |
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Line of Business : |
The manufacture of household plasticware |
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 |
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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:
This is an established company
meeting payments on terms.
Suppliers speak highly of the business.
The subject received a bank code C for R500 000.
An amount of USD
1 000 000 is considered too high and should be well spread.
Company Information
|
Registered
Name |
EVERNU PLASTICS (PTY) LTD |
|
Trading
as/ Division Name |
No |
|
Previous Name |
No |
|
Date of Name
Change |
None |
|
Registration
Number |
2002/026976/07 |
|
Registration
Date |
2002-10-29 |
|
Date Commenced
Trading |
2002 |
|
History of
Business |
The subject was formed to take over well established operations of an original
business that had been trading for 20 years. |
|
Head Office
Physical Address |
201/202 Lupin House 101 Stanley Copley Drive ASHERVILLE Durban |
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Head Office
Postal Address |
P O Box 3017 DURBAN 4000 |
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Current Tel
Number |
031 208 1980 |
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Current Fax
Number |
031 208 4641 |
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Shareholders of
subject and % holding |
100% TITANIUM INVESTMENTS LTD (A company in the Sechelles) |
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Authorised Share
Capital |
Nominal |
|
Issued Share
Capital |
Nominal |
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Age of Company |
8 years 8 months |
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Status |
In Business |
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Operations
Assessment |
The manufacture
of household plasticware. |
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Industry/
Customers |
Wholesalers and retailers |
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SICC Code |
33800 Manufacturing |
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Definition |
Manufacturing of plastic products |
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Current Email
Address |
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|
Website Address |
www.evernu.co.za |
Tax Information
|
Vat Number |
4570205759 |
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Vat Liable Date |
Monthly |
|
Status |
Active |
|
Tax Number |
9038988144 |
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Tax Clearance |
Yes |
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Tax Clearance
Expire Date |
Unknown |
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Financial Year
End |
June |
Black Economic Empowerment
|
Status |
Yes |
|
Score |
Level 3 |
|
Expire Date |
June |
|
BEE Certificate
Available |
A new one is being processed at present. |
ISO Status
|
Type of ISO
Grade |
None |
|
ISO Certificate |
|
|
ISO Certificate
Available |
|
|
Certified
by an Accredited Agent |
|
Workman’s compensation
|
Registered |
Yes |
|
Compliance
Certified |
Yes |
Company Structure
|
Branches |
1 |
|
Branches Names |
Country |
Province |
|
Isithebe Factory |
SA |
Kwazulu Natal |
|
Subsidiary
Companies |
None |
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Shareholding |
|
|
Registration
Number |
|
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Import / Export |
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Number of
Employees |
180 |
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1.
Salaried
employees |
30 |
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2.
Waged
employees |
150 |
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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 |
5 |
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Fleet Operations |
All trucks are
outsourced |
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The Fleet is
made up of |
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1.
Cars |
5 |
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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 Office
Owned/Rented |
Rented |
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Rental Company |
Private individual, Mr Hoosen |
|
Lease Agreement |
3 years |
|
Lease Expire
Date |
2012 |
|
Type of Premises |
Office |
Branches Owned/
Rented |
Rented |
|
Rental Company |
Itala Development Corporation |
|
Lease Agreement |
3 years |
|
Lease Expire
Date |
2013 |
|
Type of Premises |
Factory |
Trade References
|
Supplier |
Contact |
|
SASOL POLMERS |
011 790
1111 |
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SHAFT PACKAGING |
031 303 8014 |
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SEC ELECTRICAL |
032 551
4841 |
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SA TOOLS |
032 459
1815 |
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BEARING MAN |
032 459
1777 |
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Age of Acc |
Credit Limit |
Terms |
Average Purchases |
Terms Taken |
Comment |
|
Old |
R100 000 |
30 days - 2.5% |
R100 000 |
30 days -2.5% |
Excellent |
|
Do |
Not |
Give |
Trade |
References |
|
|
10 years |
R8 000 |
30 days - 2.5% |
R7 000 |
30 days - 2.5% |
Excellent |
|
3-4 years |
R20 000 |
30 days |
R1 000- R2 000 |
30 days |
Excellent |
Adverse Information on Subject
|
Judgements |
None |
|
Possible
Judgements |
None |
|
Civil Court |
None |
|
RDs |
None |
Default
Data
|
Date |
Details |
|
None |
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Notarial
Bonds
|
Date |
Details |
|
None |
|
Auditors Information
|
Company
Registered Name |
DESAI JADWAT INCORPORATED |
|
Trading Name |
DJI |
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Registration
Number |
1995/002083/21 |
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Physical Address |
202 Brickfield road OVERPORT Durban |
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Postal Address |
P O Box 4969 DURBAN 4000 |
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Contact Person |
Nazmera |
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Contact Number |
031 207 7707/ 031 204 3111 |
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Email |
dji@dji.co.za |
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Directors/
Members/ Partners |
There are 4 partners |
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Judgements
Against Subject |
None |
|
Judgements
Against Diretors |
None |
|
Subject Verified
as Client |
Yes |
|
SAICA number |
Unknown |
|
VAT Number |
4340151390 |
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Tax Number |
9063513205 |
|
BEE Status |
Compliant |
|
Website |
www.desaijadwat.co.za |
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Financial Year
End |
February |
|
Years With
Auditors |
old |
Previous Auditors
|
Company Name/ Tel |
Time With Previous Auditors |
|
None |
|
Bank Information
|
Bank |
Nedbank |
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Branch |
Business KZN |
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Bank Account
Number |
1648075908 |
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Branch Code |
164826 |
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Type of account |
Current |
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Account Name |
EVERNU PLASTICS (PTY) LTD |
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Date Opened |
14-05-2003 |
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Bank Code |
C |
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Bank Comment |
The subjects bankers consider them good for R500 000 over 30 days
in the normal way of business. |
Deeds Information
|
Property Interests |
|||
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Property Type: |
None |
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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Financial Information
The financial manager declined to provide any financial
information as they are deemed confidential .
Principals
|
Number of
Principals |
4 |
|
Average Age of
Active Principals |
52 |
Active Principals
Principal 1 of 4
|
Surname |
JAKURA |
|
First Names |
M HOMED |
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ID Number |
5101235594083 |
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Current Age |
60 |
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Designation |
Director |
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Status |
Active |
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Appointment Date |
2003-08-01 |
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Address (at time of
Appointment) |
14 Cullingworth Road SHERWOOD 4091 |
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ID Verification |
Yes |
Adverse Information on Principal
Judgements
|
Number of
Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Business Information on Principal
Current Business Interests
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
FAROLLI
INVESTMENTS (PTY) LTD |
2003/014753/07 |
In Business |
0 |
No |
|
NMC HOUSEWARES
(PTY) LTD |
2006/019193/07 |
In Business |
0 |
No |
Previous Business
Interests
|
Average Age of
Previous Business Interests |
None |
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Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
None |
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Deeds Information
Property Interests of
Principle
|
Property Interests |
|||
|
Title Deed No. |
None |
Erf/Site No. |
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Deeds Office |
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Physical Address |
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Property Type |
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Extent / Size |
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Purchase Date |
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Purchase price |
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% Ownership |
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Bond Holder |
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Bond Number |
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Bond Amount |
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Personal Information
Principal 2 of 4
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Surname |
CHHAPRA |
|
First Names |
KAMRAN |
|
ID Number/ Birth
Date |
601231 |
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Current Age |
51 |
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Designation |
Director |
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Status |
Active |
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Appointment Date |
2003-04-10 |
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Address (at time of appointment) |
23 KMHS Block7/8 Tipu Sutan Road KARACHI Pakistan |
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ID Verification |
No |
Adverse Information on Principal
Judgements
|
Number of
Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Business Information of Principal
Current Business Interests
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
None |
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|
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Previous Business
Interests
|
Average Age of
Previous Business Interests |
None |
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Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
None |
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Deeds Information
Property Interests of Principal
|
Property Interests |
|||
|
Title Deed No. |
None |
Erf/Site No. |
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Deeds Office |
|
Physical Address |
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Property Type |
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Extent / Size |
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Purchase Date |
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Purchase price |
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% Ownership |
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Bond Holder |
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Bond Number |
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Bond Amount |
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Personal Information
Principal 3 of 4
|
Surname |
CHHAPRA |
|
First Names |
MUSTAQ |
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ID Number/ Birth
Date |
490907 |
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Current Age |
62 |
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Designation |
Director |
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Status |
Active |
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Appointment Date |
2003-04-10 |
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Address (at time of
appointment) |
23 KMHS Block7/8 Tipu Sutan Road KARACHI Pakistan |
|
ID Verification |
No |
Adverse Information on Principal
Judgements
|
Number of
Judgements |
None |
Debt
Review
|
Debt review |
None |
Other
|
Default data |
None |
Business Information of Principal
Current Business
Interests
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
None |
|
|
|
|
Previous Business
Interests
|
Average Age of
Previous Business Interests |
None |
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
None |
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Deeds Information
Property Interests
of Principal
|
Property Interests |
|||
|
Title Deed No. |
None |
Erf/Site No. |
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Deeds Office |
|
Physical Address |
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Property Type |
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Extent / Size |
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|
Purchase Date |
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Purchase price |
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% Ownership |
|
Bond Holder |
|
|
Bond Number |
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Bond Amount |
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Principal
4 of 4
|
Surname |
SHAZIM |
|
First Names |
MUSTAQ |
|
ID Number/ Birth
Date |
750409 |
|
Current Age |
62 |
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Designation |
Director |
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Status |
Active |
|
Appointment Date |
2003-04-10 |
|
Address (at time
of appointment) |
2ND Avenue 89-90th Street NEW YORK USA |
|
ID Verification |
No |
Adverse Information on Principal
Judgements
|
Number of
Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Business Information of Principal
Current
Business Interests
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
None |
|
|
|
|
Previous
Business Interests
|
Average Age of
Previous Business Interests |
None |
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
None |
|
|
|
|
Deeds Information
Property Interests
of Principal
|
Property Interests |
|||
|
Title Deed No. |
None |
Erf/Site No. |
|
|
Deeds Office |
|
Physical Address |
|
|
Property Type |
|
Extent / Size |
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|
Purchase Date |
|
Purchase price |
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% Ownership |
|
Bond Holder |
|
|
Bond Number |
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Bond Amount |
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……………………
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.94 |
|
UK Pound |
1 |
Rs.71.89 |
|
Euro |
1 |
Rs.64.09 |
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.