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MIRA INFORM REPORT
|
Report Date : |
14.09.2011 |
IDENTIFICATION DETAILS
|
Name : |
PETROW FOOD INGREDIENTS (PTY) LTD |
|
|
|
|
Formerly Known As : |
C J PETROW FOODS (PTY) LTD |
|
|
|
|
Registered Office : |
68th, 5th Street, Albertville, Gauteng |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
23.05.2000 |
|
|
|
|
Com. Reg. No.: |
2000/009680/07 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Manufacture of spices condiments vinegar yeast & other food
products |
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 : |
Slow |
|
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 a well established company.
The group is locally and internationally connected.
Commitments with suppliers are being met slightly over terms at times
and requires some monitoring.
The subject’s bankers consider them good for all business normal engagements
and for an amount of R1 500 000
over 30 days.
Your figure is considered as too high and should be well spread and
secured.
Company Information
|
Registered
Name |
PETROW FOOD INGREDIENTS (PTY) LTD |
|
Previous Name |
Formerly C J PETROW FOODS (PTY) LTD |
|
Date of Name
Change |
2006-12-01 |
|
Registration
Number |
2000/009680/07 |
|
Registration
Date |
2000-05-23 |
|
Date Commenced
Trading |
2000 |
|
History of
Business |
The subject incorporated the trading operations and assets of two well
established associate companies namely, GEMINI SPICE (PTY) LTD – registration
certificate number: 1984/003113/07 and
CJP TRADING (PTY) LTD – registration certificate number: 1998/021256/07 in January 2007. |
|
Shareholders of
subject and % holding |
100% C J PETROW HOLDINGS (PTY)
LTD – registration certificate number:
1993/004884/07 |
|
Age of Company |
11 years 4 months |
|
Status |
Active |
|
Operations
Assessment |
Importers and suppliers of food
ingredients, whole, ground and blended herbs, spices, paprika powder,
desiccated coconut and cocoa products, soya, edible seeds and catering
products. The subject is involved in spice milling,
blending of light food ingredients and sauce manufacturing. |
|
Industry/
Customers |
Food manufacturing industry such as FREDDY
HIRSH, UNILEVER etc. |
|
Area of
distribution |
South Africa |
|
Export |
On a limited scale to Ghana and Nigeria. |
|
Major Industry
Code / SICC |
30499 MANUFACTURING |
|
Definition of
Code |
Manufacture of spices condiments vinegar
yeast & other food products NEC |
|
Head Office
Physical Address |
68th, 5th Street ALBERTVILLE Gauteng |
|
Head Office
Postal Address |
P O Box 11172 RANDHART 1457 |
|
Current Tel
Number Cell number |
011 613 2702 |
|
Current Fax
Number |
011 613 5362 |
|
Current Email
Address |
|
|
Web Site Address |
Auditors Information
|
Company
Registered Name |
HOWARTH LEVETON BONER |
|
Registration
Number |
Partnership |
|
Physical Address |
3 Sandown Valley Crescent SANDOWN Sandton |
|
Postal Address |
P O Box 652550 BENMORE 2010 |
|
Contact Person |
Mark Watson |
|
Contact Number |
011 217 8000 |
|
Email |
|
|
Principals |
19 |
|
Subject Verified
as Client |
Yes |
|
Practice number |
903787 |
|
VAT Number |
4960120345 |
|
BEE Status |
No |
|
Financial Year
End |
February |
|
Years With
Auditors |
Unknown |
|
Website |
Previous Auditors
|
Company Name/ Tel |
Time With Previous Auditors |
|
GRANT THORNTON KESSEL FEINSTEIN |
Unknown by the respondent |
Tax Information
|
Vat Number |
4400190890 |
|
Status |
Active |
|
Vat Liable Date |
1 October 2000 |
|
Tax Number |
9187107140 |
|
Tax Clearance
Expire Date |
October 2011 |
|
Financial Year
End |
December |
Black Economic
Empowerment
|
Status |
Non-compliant |
|
Score |
|
|
Expire Date |
|
|
BEE Certificate
Available |
No |
ISO Status
|
Type of ISO
Grade |
None |
|
ISO Certificate |
|
|
ISO Certificate Available |
No |
|
Certified by
anAccredited Agent |
No |
Workman’s
compensation
|
Registered |
Yes |
|
Compliance
Certified |
Yes |
Company Structure
|
Branches |
The subject has branches in Durban and Cape Town and a manufacturing facility
in City Deep, Johannesburg. |
|
Branches |
Address |
|
Factory |
16 Endean CITY DEEP Johannesburg Gauteng |
|
Durban |
Palm River
Industrial Park Unit 7 Devon Road PINETOWN KwaZulu Natal |
|
Cape Town |
49A Tredoux
Street Beaconvale PAROW Western Cape |
|
Subsidiary
Company |
None |
|
Associated
Companies Not registered in South Africa |
Country |
|
ALLIED TRADE
S.A. |
Switzerland |
|
C J PETROW
INTERNATIONAL LTD |
UK |
|
PETROSUL
INTERNATIONAL LTD |
Canada |
|
CJP
INTERNATIONAL PTE LTD |
Singapore |
|
Number of
Employees |
102 total
employees |
|
1.
Salaried
employees |
96 |
|
2.
Casual
employees |
6 |
Company Fleet |
No of vehicles: |
|
Fleet Operations |
|
|
The Fleet is
made up of |
|
|
1.
Cars |
7 |
|
2.
Light
Delivery Vehicles |
8 |
It was established that 4 of the vehicles still have vehicle financing facilities with WESBANK.
The total book value of the vehicles is in the region of R3 000 000.
Head
OfficeOwned/ Rented |
The heading premises are owned |
|
Owned by |
C J PETROW HOLDINGS (PTY) LTD |
|
Value |
The value of the property was not forthcoming from the respondent. |
|
Bond |
Free of bond |
|
Type of Premises |
The heading premises comprise of administration offices. |
Branches Owned/
Rented |
The factory premises are reported to be leased from a 3rd
party. |
|
Lease Agreement |
7 year lease agreement |
|
Lease Expire
Date |
2014 |
|
Type of Premises |
Manufacturing facility |
Trade References
The subject imports from India and China
|
Supplier |
Contact |
|
1.
HENNEWAYS
FREIGHT |
011 879
5400 |
|
2.
LAWTON
FREIGHT |
031 785
1809 |
|
3.
ISOTRON |
011 974
8851 |
|
4.
FOODCOM |
011 839
6840 |
|
5.
RIVER
QUEEN TRADING t/a ISO FOODS |
012 940
8665 |
Trade References
|
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
|
1.
Old
acc |
R500 000 |
R802 000 |
60 |
R100 000 – R800 000 |
60 |
Good |
|
2.
10
years |
open |
R60 000 |
30 |
R40 000 |
30 Before terms |
Very good |
|
3.
2007+ |
R200 000 |
R150 000 |
30 |
R120 000 |
37 EFT |
Slow Needs monitoring |
|
4.
Old
acc |
Open |
R150 000 |
7 |
R50 000 |
7 |
Good |
|
5.
Feb’2010 |
Open |
R70 000 |
30 |
R70 000 |
30+ |
Very 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 |
|||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Property Type: |
No information on record |
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: |
|
|
|
Bank Information
|
Bank |
STANDARD BANK |
|
Branch |
Alberton |
|
Bank Account
Number |
020610491 |
|
Type of Account |
Current |
|
Branch Code |
012342 |
|
Account Name |
PETROW FOOD INGREDIENTS (PTY) LTD |
|
Overdraft Facilities |
It was stated that the subject enjoys am overdraft facility to an
extent of R3 000 000, secured by holding company guarantees. Utilisation of the overdraft facility is
stated to be nil as credit balances are normally maintained at the bank. |
|
Date Opened |
2000-10-23 |
|
Bank Code |
C |
|
Bank Comment |
The subject’s bankers consider them good for all business normal
engagements and for an amount of R1 500 000 over 30 days. |
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 |
|
|
Stock |
R38 000 000 |
|
Debtors |
R26 000 000 |
|
Cash on Hand |
|
|
FIXED ASSETS |
|
|
Plant,
Equipment, Vehicles |
R7 000 000 |
|
Property |
Nil |
|
CURRENT
LIABILITIES |
|
|
Creditors |
R14 000 000 – R16 000 000 |
|
Loans from
shareholders |
R66 000 000 |
|
LONG TERM
LIABILITIES |
|
|
Morgage Bonds |
Nil |
|
ANNUAL Turnover
(2011) |
R160 000 000 |
|
Previous Year
Turnover (2010) |
R150 000 000 |
|
Estimated
Turnover for 2012 |
R170 000 000 |
Principals
|
Number of
Principals |
8 |
|
Average Age of
Active Principals |
48 |
Active Principals
Principal 1 of 8
|
Surname |
BHAYAT |
|
First Names |
YOUSOF |
|
Marital Status |
Married |
|
ID Number |
6506145045050 |
|
Verified ID
Number |
Yes |
|
Current Age |
46 |
|
Designation |
Chartered Accountant / director |
|
Status |
Active |
|
Appointment Date |
2009-06-01 |
|
Address (at time of
Appointment) |
3 Chirnside Road GREENSIDE 2195 |
Adverse
Information on Principal
Judgement
|
Number of
Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
Business Information on
Principal
Current Business Interests
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
THE JOHANNESBURG
REPERTORY PLAYERS |
1929/001740/08 |
In business |
0 |
No |
|
C J PETROW
HOLDINGS (PTY) LTD |
1993/004884/07 |
In business |
0 |
No |
|
PETROW AGRI
(PTY) LTD |
1994/002799/07 |
In business |
0 |
No |
|
KODAV (PTY) LTD |
1998/014367/07 |
In business |
0 |
No |
Previous Business Interests
|
Average Age of
Previous Business Interests |
None |
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
No information on record |
|
|
|
|
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 8
|
Surname |
MUDALY |
|
First Names |
NAVINDHRAN, M |
|
Marital Status |
Married |
|
ID Number |
7006075264085 |
|
Verified ID
Number |
Yes |
|
Current Age |
41 |
|
Designation |
Financial Director / director |
|
Status |
Active |
|
Appointment Date |
2009-06-01 |
|
Address (at time of
Appointment) |
96 Abbington Petroy Leslie East Avenue MAGALIESSIG 2191 |
Adverse
Information on Principal
Judgement
|
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 |
|
No additional business interests |
|
|
|
|
Previous Business
Interests
|
Average Age of
Previous Business Interests |
None |
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
No information on record |
|
|
|
|
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 8
|
Surname |
VORSTER |
|
First Names |
RIAAN |
|
Marital Status |
Married |
|
ID Number |
7210245039084 |
|
Verified ID
Number |
No |
|
Current Age |
39 |
|
Designation |
Financial Manager / director |
|
Status |
Active |
|
Appointment Date |
2007-01-01 |
|
Address (at time
of Appointment) |
91 Coen Labuschagne Street RENSBURG 1441 |
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 |
|
GEMINI SPICE
COMPANY (PTY) LTD |
1984/003113/07 |
In business |
0 |
No |
|
THE SPICE POD
(PTY) LTD |
2000/009480/07 |
In business |
0 |
No |
Previous Business
Interests
|
Average Age of
Previous Business Interests |
8 years 6 months |
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
VOSJA
ENTERPRISES CC |
1997/055949/23 |
Deregistration
process |
0 |
No |
|
UPWARD SPIRAL
1060 CC |
2004/055366/23 |
In business |
0 |
No |
|
OUR OWN SPICES
CC |
2006/087389/23 |
Deregistration
final |
0 |
No |
Deeds Information
Property Interests
of Principle
|
Property Interest |
|||
|
Title Deed No. |
T5627/2002 |
Erf/Site No. |
|
|
Deeds Office |
PRETORIA |
Physical Address |
7 Protea West Acres Central MBOMBELA |
|
Property Type |
Freehold / Ervin |
Extent / Size |
1188.0sqm |
|
Purchase Date |
2002-03-01 |
Purchase price |
R325, 000.00 |
|
% Ownership |
|
Bond Holder |
Standard Bank of South Africa Ltd |
|
Bond Number |
B410022002 |
Bond Amount |
R400,000.00 |
|
Property Interest |
|||
|
Title Deed No. |
539201/2004 |
Erf/Site No. |
|
|
Deeds Office |
PRETORIA |
Physical Address |
91C Labuschagne Rensburg HEIDELBERG Gauteng |
|
Property Type |
Freehold / Ervin |
Extent / Size |
1190.0sqm |
|
Purchase Date |
2004-01-09 |
Purchase price |
R430,000.00 |
|
% Ownership |
|
Bond Holder |
Standard Bank of South Africa Ltd |
|
Bond Number |
B369182004 |
Bond Amount |
R430,000.00 |
Principal 4 of 8
|
Surname |
TAYLOR |
|
First Names |
CRAIG, W |
|
Marital Status |
Married |
|
ID Number |
6302275168080 |
|
Verified ID
Number |
Yes |
|
Current Age |
48 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2005-07-23 |
|
Address (at time
of Appointment) |
Plot 43 Largo SPRINGS 1559 |
Adverse Information
on Principal
Judgement
|
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 |
|
No additional business interests |
|
|
|
|
Previous Business
Interests
|
Average Age of
Previous Business Interests |
55 years 2 months |
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
MILLBREX INVESTMENTS
(PTY) LTD |
1905/005322/07 |
Conversion CO/CC
or CC/CO |
0 |
No |
|
TAYMAC
INVESTMENTS (PTY) LTD |
1905/014712/07 |
Conversion CO/CC
or CC/CO |
0 |
No |
|
MAHUBE FOODS
(PTY) LTD |
1994/001587/07 |
In liquidation |
0 |
Yes |
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 5 of 8
|
Surname |
MOE |
|
First Names |
ROLF, G |
|
Marital Status |
Married |
|
ID Number |
5607175053088 |
|
Verified ID
Number |
Yes |
|
Current Age |
55 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2004-03-01 |
|
Address (at time
of Appointment) |
8, 9th Street Parkhurst JOHANNESBURG 2000 |
Adverse
Information on Principal
Judgement
|
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 |
|
GEMINI SPICE
COMPANY (PTY) LTD |
1984/003113/07 |
In business |
0 |
No |
|
THE SPICE POD
(PTY) LTD |
2000/009480/07 |
In business |
0 |
No |
Previous Business
Interests
|
Average Age of
Previous Business Interests |
7 years 2 months |
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
INTERCAS (2004) (PTY)
LTD |
2004/020423/07 |
In business |
0 |
No |
|
UPWARD SPIRAL
1060 CC |
2004/055366/23 |
In business |
0 |
No |
Deeds Information
Property Interests
of Principle
|
Property Interest |
|||
|
Title Deed No. |
56053/2004 |
Erf/Site No. |
|
|
Deeds Office |
JOHANNESBURG |
Physical Address |
8 19th Parkhurst RANDBURG |
|
Property Type |
Freehold / Ervin |
Extent / Size |
495.0sqm |
|
Purchase Date |
2003-11-18 |
Purchase price |
R1,480,000.00 |
|
% Ownership |
|
Bond Holder |
Nedbank Ltd |
|
Bond Number |
B58062004 |
Bond Amount |
R950,000.00 |
Principal 6 of 8
|
Surname |
GINSBERG |
|
First Names |
JACK, M |
|
Marital Status |
Married |
|
ID Number |
4701085047008 |
|
Verified ID
Number |
Yes |
|
Current Age |
64 |
|
Designation |
Financial Director |
|
Status |
Active |
|
Appointment Date |
2002-10-28 |
|
Address (at time
of Appointment) |
25A Talton road FOREST TOWN 2193 |
Adverse
Information on Principal
Judgement
|
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 |
|
SPECTRUM
COMMUNICATIONS (PTY) LTD |
1973/014845/07 |
In business |
0 |
No |
|
CONNOISSEUR
MARKETING (PTY) LTD |
1980/002478/07 |
In business |
0 |
No |
|
AIRCOM
COMMUNICATIONS (PTY) LTD |
1982/007978/07 |
In business |
0 |
No |
|
GEMINI SPICE
COMPANY (PTY) LTD |
1984/003113/07 |
In business |
0 |
No |
|
AUDIO FOCUS (PTY)
LTD |
1989/004706/07 |
In business |
0 |
No |
|
THE PETIL TRUST
(PTY) LTD |
1990/004228/07 |
In business |
0 |
No |
|
TINKERFRI
INVESTMENTS (PTY) LTD |
1990/007558/07 |
In business |
0 |
No |
|
C J PETROW STEEL
(PTY) LTD |
1992/001363/07 |
In business |
0 |
No |
|
C J PETROW
HOLDINGS (PTY) LTD |
1993/004884/07 |
In business |
0 |
No |
|
PETROW AGRI
(PTY) LTD |
1994/002799/07 |
In business |
0 |
No |
|
WILD AND MARR
(PTY) LTD |
1995/000164/07 |
In business |
0 |
No |
|
T O M S SOUND
AND MUSIC (PTY) LTD |
1997/004027/07 |
In business |
0 |
No |
|
TROPI-CUBE
INVESTMENTS (PTY) LTD |
1997/004156/07 |
In business |
0 |
No |
|
DIGITECH
ELECTRONICS (PTY) LTD |
1997/019925/07 |
In business |
0 |
No |
|
TROPI-CUBE
INVESTMENT HOLDINGS (PTY) LTD |
1998/007828/07 |
In business |
0 |
No |
|
KODAV (PTY) LTD |
1998/014367/07 |
In business |
0 |
No |
|
KENCO
ELECTRONICS (PTY) LTD |
1998/017077/07 |
In business |
0 |
No |
|
INTERCAS (PTY)
LTD |
1998/018403/07 |
In business |
0 |
No |
|
CJP TRADING
(PTY) LTD |
1998/021256/07 |
In business |
0 |
No |
|
C J PETROW
GRANITE (PTY) LTD |
1999/018617/07 |
In business |
0 |
No |
|
WILD AND MARR
CAPE (PTY) LTD |
1999/018932/07 |
In business |
0 |
No |
|
CONNOISSEUR
ELECTRONICS (PTY) LTD |
2000/009385/07 |
In business |
0 |
No |
|
THE SPICE POD
(PTY) LTD |
2000/009480/07 |
In business |
0 |
No |
|
TIFERET TRADING
(PTY) LTD |
2000/009680/07 |
In business |
0 |
No |
Previous Business
Interests
|
Average Age of
Previous Business Interests |
27 years 4 months |
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
LYSANDER
INVESTMENTS (PTY) LTD |
1936/008526/07 |
Deregistration
final |
0 |
No |
|
FAMLAT (PTY) LTD |
1971/002064/07 |
Deregistration
process |
0 |
No |
|
CHEMINMARK (PTY)
LTD |
1983/011324/07 |
Deregistration
final |
0 |
No |
|
DIK INVESTMENTS
CC |
1986/019998/23 |
Deregistration
final |
0 |
No |
|
C J PETROW
CHEMICALS (PTY) LTD |
1988/007366/07 |
Deregistration
final |
0 |
No |
|
TATE AND LYLE SOUTH
AFRICA (PTY) LTD |
1989/007094/07 |
In business |
0 |
No |
|
CHEMINMARK
HOLDINGS (PTY) LTD |
1992/005459/07 |
Deregistration
final |
0 |
No |
|
ABSORBETECH
ENVIRONMENTAL (PTY) LTD |
2002/010080/07 |
Conversion CO/CC
or CC/CO |
0 |
No |
|
INTERCAS (2004)
(PTY) LTD |
2004/020423/07 |
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 7 of 8
|
Surname |
SOSNOVIK |
|
First Names |
MICHAEL |
|
Marital Status |
Married |
|
ID Number |
4502185057081 |
|
Verified ID
Number |
Yes |
|
Current Age |
66 |
|
Designation |
Commercial Director |
|
Status |
Active |
|
Appointment Date |
2000-07-27 |
|
Address (at time
of Appointment) |
16 Sunny Road GLENHAZEL 2192 |
Adverse Information
on Principal
Judgement
|
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 |
|
C
J PETROW AND COMPANY (PTY) LTD |
1949/033553/07 |
In business |
0 |
No |
|
CRIZOLIDA
(PTY) LTD |
1967/005055/07 |
In business |
0 |
No |
|
INTERCONTINENTAL
EXPORTS (PTY) LTD |
1972/000512/07 |
In business |
0 |
No |
|
PHOENIX
FLOORING COMPANY (PTY) LTD |
1973/004374/07 |
In business |
0 |
No |
|
SPECTRUM
COMMUNICATIONS (PTY) LTD |
1973/014845/07 |
In business |
0 |
No |
|
CONNOISSEUR
MARKETING (PTY) LTD |
1980/002478/07 |
In business |
0 |
No |
|
AICOM
COMMUNICATIONS (PTY) LTD |
1982/007978/07 |
In business |
0 |
No |
|
GEMINI
SPICE COMPANY (PTY) LTD |
1984/003113/07 |
In business |
0 |
No |
|
AUDIO
FOCUS (PTY) LTD |
1989/004706/07 |
In business |
0 |
No |
|
C
J PETROW HOLDINGS (PTY) LTD |
1993/004884/07 |
In business |
0 |
No |
|
PETROW
AGRI (PTY) LTD |
1994/002799/07 |
In business |
0 |
No |
|
WILD
AND MARR (PTY) LTD |
1995/000164/07 |
In business |
0 |
No |
|
T
O M S SOUND AND MUSIC (PTY) LTD |
1997/004027/07 |
In business |
0 |
No |
|
KODAV
(PTY) LTD |
1998/014367/07 |
In business |
0 |
No |
|
KENCO
ELECTRONICS (PTY) LTD |
1998/017077/07 |
In business |
0 |
No |
|
CJP
TRADING (PTY) LTD |
1998/021256/07 |
In business |
0 |
No |
|
C
J PETROW GRANITE (PTY) L TD |
1999/018617/07 |
In business |
0 |
No |
|
WILD
AND MARR CAPE (PTY) LTD |
1999/018932/07 |
In business |
0 |
No |
|
CONNOISSEUR
ELECTRONICS (PTY) LTD |
2000/009385/07 |
In business |
0 |
No |
|
THE
SPICE POD (PTY) LTD |
2000/009480/07 |
In business |
0 |
No |
|
PETROW
FOOD INGREDIENTS (PTY) LTD |
2000/009680/07 |
In business |
0 |
No |
|
TIFERET
TRADING (PTY) LTD |
2004/013285/07 |
In business |
0 |
No |
Previous Business
Interests
|
Average Age of
Previous Business Interests |
20 years |
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
NEWSHELF 589 INC |
1977/000525/21 |
Deregistration
final |
0 |
No |
|
HUNTCOR LTD |
1984/002301/06 |
Dissolved |
0 |
No |
|
WIN HOLDINGS LTD |
1987/005055/06 |
Deregistration
final |
0 |
No |
|
C J PETROW CHEMICALS
(PTY) LTD |
1988/007366/07 |
Deregistration
final |
0 |
No |
|
TATE AND LYLE
SOUTH AFRICA (PTY) LTD |
1989/007094/07 |
In business |
0 |
No |
|
TROPI-CUBE
INVESTMENTS (PTY) LTD |
1997/004156/07 |
In business |
0 |
No |
|
ABSORBETECH ENVIRONMENTAL
(PTY) LTD |
2002/010080/07 |
Conversion CO/CC
or CC/CO |
0 |
No |
|
INTERCAS (2004)
(PTY) LTD |
2004/020423/07 |
In business |
0 |
No |
Deeds Information
Property Interests
of Principle
|
Property Interest |
|||
|
Title Deed No. |
ST59208/2005 |
Erf/Site No. |
259,261-264 |
|
Deeds Office |
JOHANNESBURG |
Physical Address |
1, 3rd Road KILLARNEY Johannesburg |
|
Property Type |
Sectional Title / Unit |
Extent / Size |
62.0sqm |
|
Purchase Date |
2005-07-22 |
Purchase price |
R335,000.00 |
|
% Ownership |
|
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
R0.00 |
Principal 8 of 8
|
Surname |
NEL Nee DIRKER |
|
First Names |
Wilme |
|
Marital Status |
Married |
|
ID Number |
8201280068087 |
|
Verified ID
Number |
Yes |
|
Current Age |
29 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2010 |
|
Address (at time
of Appointment) |
24 The Roots Wood Road BLACKHEATH 2195 |
Adverse
Information on Principal
Judgement
|
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 |
|
None |
|
|
|
|
Previous
Business Interests
|
Average Age of Previous
Business Interests |
None |
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
None |
|
|
|
|
Deeds
Information
Property
Interests of Principle
|
Property Interest |
|||
|
Title Deed No. |
None 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.47.10 |
|
UK Pound |
1 |
Rs.74.64 |
|
Euro |
1 |
Rs.64.42 |
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.