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MIRA INFORM REPORT
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Report Date : |
19.10.2011 |
IDENTIFICATION DETAILS
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Name : |
PFE EXTRUSION (PTY) LTD |
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Registered Office : |
11 Buckman Boulevard, Hammarsdale, Kwazulu Natal |
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Country : |
South Africa |
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Date of Incorporation : |
18.02.2005 |
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Com. Reg. No.: |
2005/005853/07 |
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Legal Form : |
Private Company |
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Line of Business : |
Producers of polyolefin staple fibres |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment
Behaviour : |
Unknown |
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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) |
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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 |
Company summary
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Subject Name |
PFE
EXTRUSION (PTY) LTD |
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Country |
South Africa |
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Requested Credit Limit |
US$1 500 000 |
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Enquiry Terms |
D/A |
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Account Review |
Every
Six Months |
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Subject Contact person |
Paul Still – Financial Manager |
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Assessment |
Total Credit Limit Exposure: Total Suretyship: On investigation contact was made with respondent’s, however there is a problem with the phone lines. A fax questionnaire was sent and we await a reply. Please see the available information below in the meantime. As soon as details are forthcoming, we will send them. |
Company Information
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Registered Name |
PFE EXTRUSION
(PTY) LTD |
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Trading as/ Division Name |
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Previous Name |
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Date of Name Change |
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Registration Number |
2005/005853/07 |
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Registration Date |
2005-02-18 |
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Date Commenced Trading |
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Age of Business |
6 years 8 months |
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History of Business |
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History of Principals |
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Shareholders |
PFE INTERNATIONAL INC |
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Authorised Share Capital |
1000 |
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Issued Share Capital |
100 |
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Status |
This Business is Active |
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Operations Assessment |
Producers of polyolefin staple fibres |
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Industry/ Customers |
Carpet, technical textile, automotive
artificial hair and outdoor application industries. |
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Export |
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Major Industry Code / SICC |
33600 MANUFACTURING |
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Definition of Code |
Manufacture of man-made fibres |
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Head Office Physical Address |
11 Buckman Boulevard HAMMARSDALE KwaZulu Natal |
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Head Office Postal Address |
P O Box 260 HAMMARSDALE 3700 |
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Current Tel Number |
031 736 8660 / 1 |
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Cell number |
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Current Fax Number |
031 736 1548 / 6 |
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Current Email Address |
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Web Site Address |
Auditors Information
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Company Registered Name |
RSM BETTY & DICKSON (DURBAN) |
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Trading Name |
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Registration Number |
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Physical Address |
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Postal Address |
P O Box 2120 WESTVILLE 3630 |
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Contact Person |
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Contact Number |
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Email |
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Principals |
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Judgements Against Subject |
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Judgements Against Principals |
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Subject Verified as Client |
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Practice number |
902950 |
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VAT Number |
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Tax Number |
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BEE Status |
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Financial Year End |
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Years With Auditors |
5 years |
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Website |
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Previous Auditors
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Company Name |
Phone Number |
Time with previous auditors |
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PRICEWATERHOUSE
COOPERS INC |
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Tax Information
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Vat Number |
4630223263 |
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Status |
Active |
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Vat Liable Date |
2005-12-01 |
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Tax Number |
9153931150 |
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Tax Clearance Expire Date |
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Financial Year End |
DECEMBER |
Adverse Information on Subject
Judgements
|
Judgements |
None |
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Possible
Judgements |
None |
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Civil Court |
None |
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RDs |
None |
Business Rescue
|
Date registered |
Business rescue practitioner |
Contact Information |
Details |
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None |
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Default Listings
|
Date |
Details |
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None |
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Notarial Bonds
|
Date |
Details |
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None |
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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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None |
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Previous
Bank Accounts
|
Banker |
Branch Code |
Account Holder |
Account number |
Date opened |
Years with bank |
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None |
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Deeds Information
Property Interests for PFE EXTRUSION (PTY) LTD
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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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Principals
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Number of Principals |
3 |
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Average Age of Active Principals |
50 years 3 months |
Active Principals
Principal 1 of 3
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Surname |
MAHADEO |
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First Name |
Pravesh |
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Other Names |
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Marital Status |
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ID Number |
6301295077081 |
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Verified ID Number |
Yes |
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Current Age |
48 |
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Designation |
Financial Manager |
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Status |
Active |
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Appointment Date |
2006-08-16 |
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Physical Address (at time of Appointment) |
104 Drakensb3erg Street SHALLCROSS 4093 |
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Postal Address |
P O Box 32214 MOBENI 4060 |
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Current Tel Number |
031 912 1200 – home 031 409 9600 – work |
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Cell number |
083 628 1130 |
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Current Fax Number |
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Current Email Address |
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Shareholding |
(if the principal owns shares) |
Judgement
|
Number of
Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Business
Information for
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
BDC GEOTEXTILES
(PTY) LTD |
1996/007730/07 |
In business |
15 years 4
months |
0 |
No |
|
CADRE PROPERTIES
(PTY) LTD |
1997/018778/07 |
In business |
13 years 11 months |
0 |
No |
|
IDADA TRADING 81
(PTY) LTD |
2005/023053/07 |
In business |
6 years 4 months |
0 |
No |
Previous Business
Interests
|
Average Age of
Previous Business Interests |
11 years 5 months |
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
VAN DYCK CARPETS
(PTY) LTD |
M2000/009013/07 |
In business |
11 years 5
months |
0 |
No |
Deeds
Information
Property
Interests for
|
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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Principal 2 of 3
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Surname |
ZARREBINI |
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First Name |
Mehdy |
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Other Names |
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Marital Status |
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Date of Birth |
12/10/1945 |
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Verified ID Number |
No |
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Country of Residence |
UK |
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Current Age |
66 |
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Designation |
Businessman / director |
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Status |
Active |
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Appointment Date |
2005-08-25 |
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Physical Address (at time of Appointment) |
River court Stammergate lane Linton WETHERBY United Kingdom |
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Postal Address |
P O Box 87 HEATONVILLE Empangeni 3880 |
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Shareholding |
(if the principal owns shares) |
Adverse
Information for
Judgement
|
Number of
Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Business Information for
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
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SOUTH AFRICAN
POLYPROPYLENE YARNS (PTY) LTD |
1994/010667/07 |
In business |
16 ears 10
months |
0 |
No |
|
VDC GEOTEXTILES
(PTY) LTD |
1996/007730/07 |
In business |
15 years 4
months |
0 |
No |
|
PROTEX CARPET
TILES (PTY) LTD |
1996/016952/07 |
In business |
14 years 11
months |
0 |
No |
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VAN DYCK RUGS
(PTY) LTD |
2000/012790/07 |
In business |
11 years 4
months |
0 |
No |
|
IDADA TRADING 81
(PTY) LTD |
2005/023053/07 |
In business |
6 years 4 months |
0 |
No |
|
VAN DYCK CARPETS
(PTY) LTD |
M2000/009013/07 |
In business |
11 years 5
months |
0 |
No |
Previous Business
Interests
|
Average Age of
Previous Business Interests |
16 years 6 months |
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
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SOUTH AFRICAN
FIBRE YARN RUGS (PTY) LTD |
1963/003842/07 |
In business |
48 years 3
months |
0 |
No |
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POLYPROPYLENE
TECHNICAL TAPES (PTY) LTD |
2004/004795/07 |
In business |
7 years 8 months |
0 |
No |
|
LAVONI ESTATE
(PTY) LTD |
2004/007168/07 |
In business |
7 years 7 months |
0 |
No |
|
CADRE
INVESTMENTS (PTY) LTD |
2008/024476/07 |
Deregistration
final |
3 years |
0 |
No |
Deeds Information
Property Interests for
|
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 |
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|
Bond Number |
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Bond Amount |
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Principal
3 of 3
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Surname |
ZARREBINI |
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First Name |
Mehran |
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Other Names |
|
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Marital Status |
|
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ID Number |
7406186033181 |
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Verified ID Number |
Yes |
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Country of Residence |
UK |
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Current Age |
37 |
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Designation |
Director |
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Status |
Active |
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Appointment Date |
2005-08-25 |
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Physical Address (at time of Appointment) |
34 Plantations 47 Shongweni Road HILLCREST 3610 |
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Postal Address |
P O Box 2183 EVERTON 2145 |
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Current Tel Number |
031 765 8109 – home 031 913 3800 – work |
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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 |
(if the principal owns shares) |
Adverse
Information for
Judgement
|
Number of
Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Business Information for
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
VDC GEOTEXTILES (PTY) LTD |
1996/007730/07 |
In business |
15 years 4
months |
0 |
No |
|
CADRE PROPERTIES (PTY) LTD |
1997/018778/07 |
In business |
13 years 11 months |
0 |
No |
|
IDADA TRADING 81 (PTY) LTD |
2005/023053/07 |
In business |
6 years 4 months |
0 |
No |
|
VAN DYCK CARPETS (PTY) LTD |
M2000/009013/07 |
In business |
11 years 5
months |
0 |
No |
Previous Business Interests
|
Average Age of Previous
Business Interests |
None |
Deeds Information
Property Interests for
|
Title Deed No. |
S529629/2010 |
Erf/Site No. |
980.595 |
|
Deeds Office |
PIETERMARTIZBURG |
Physical Address |
|
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Property Type |
Sectional Title / Unit |
Extent / Size |
391.0sqm |
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Purchase Date |
2010-05-26 |
Purchase price |
R3 375 000 |
|
% Ownership |
|
Bond Holder |
Investec Bank
Ltd |
|
Bond Number |
SB191292010 |
Bond Amount |
R1 501 710 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.14 |
|
UK Pound |
1 |
Rs.77.58 |
|
Euro |
1 |
Rs.67.58 |
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.