MIRA INFORM REPORT

Report Date :

03.08.2012

IDENTIFICATION DETAILS

Name :	J-TECH PLASTICS AND PACKAGING CC

Registered Office :	165 Gigantic Street, Northlands Business Park, New Market Road, Northriding, 2162

Country :	South Africa

Date of Incorporation :	16.05.1990

Com. Reg. No.:	1990/016033/23

Legal Form :	Close Corporation

Line of Business :	Manufacture Of Packing Material

No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

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 31^st, 2012

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

South Africa

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

Company name

Subject Name	J TECH PLASTICS AND PACKAGING
Country	South Africa
Enquiry Terms	COD
Account Review	Every 3 months
Subject Contact Person	Natalie Le Roux
Assessment	This is an established business. On investigation, contact was made with Natalie at the concern.All financial information was not forthcoming. The trade reference revealed that the account is currently legal.If credit dealings are considered it is recommended to be on a fully secured basis

Auditors information

Company Registered Name	WALTER BIELDT AND COMPANY
Trading Name	BIELDT WALTER & CO
Registration Number
Physical Address	John Vorster Dve, Centurion, 0157
Postal Address	PO BOX 66240, HIGHVELD, 0169
Contact Person
Contact Number	012 665 0636
Email	walter@help.co.za
Principals
Judgements Against Subject	No information on file
Judgements Against Principals	No information on file
Subject Verified as Client
Practice Number	950939
VAT Number
Tax Number
BEE Status
Financial Year End
No of years in Business	Unknown
Website
Comment

Previous auditors

Company Name	Phone Number	Time with previous auditors	Comment
MC DONALD BIELDT AND GRAHAM CA(SA)		19

Tax information

Vat Number	4560114334
Status	ACTIVE
Vat Liable Date	1991/09/30
Tax Number	9230614837
Tax Clearance Expire Date
Financial Year End	February
Comment
Black Economic Empowerment
Status	Yes
Score	1.00
Expire Date	Jan 24 2012
BEE Certificate Available	Yes
Comment

ISO Information - No Information on Record
Workman's compensation
Registered	Yes
Compliance Certified	Yes
Comment

Employees

Employees
Number of Employees	Declined
1. Salaried employees
2. Waged employees
3. Permanent employees
4. Casual employees
5. Contracted employees
Comment	The staff breakdown was not made available

Company Fleet	No of vehicles:	Ownerd/Leased	Value	Outstanding Balance
Fleet Operations
The Fleet is made up of
Comment	There are vehicles registered in the name of the business,further details were declined

Branch information

Branches Names	Country	Province


Branch Detail Information
Branches Owned/ Rented
Rental Company
Owned by
Value
Bond
Bank
Lease Agreement
Lease Expire Date
Type of Premises
Comment	There are no reported branches

Branches Owned/ Rented
Rental Company
Owned by
Value
Bond
Bank
Lease Agreement
Lease Expire Date
Type of Premises
Comment	There are no reported branches

Management Overview

Organisation Chart

Level

Position

Name

Comment

Company Structure Information - No Information on Record

Note: One level up and all levels down

Key Deals - No Information on Record

Trade Reference nr	Supplier	Contact	Surety Value	Notarial Bonds	Comment
1	Hi-Tech Inks (Pty) Ltd	011 372 4651	R 0.00	0

Age of Acc

Credit Limit

Max Credit

Terms

Average Purchases

Terms Taken

Comment

The Referee Tanya advised us that the

account is currently in arrears and the

status of the account is legal

Adverse Information on Subject

Judgements - No information on record

BusinessRescue - No Information on Record

Default Listing - No information on record

Notarial Bonds - No information on record

Bank
Branch
Brach Code
Bank Account Number
Type of Account
Account Name
Overdraft Facilities
Bank Code
Bank Comment

Bank Code History - No Information on Record

Previous Bank Account Information - No Information on Record

Deeds Information - No information on record

CURRENT ASSETS
Stock
Debtors
FIXED ASSETS
Plant, Equipment, Vehicles
Property
CURRENT LIABILITIES
Creditors
Loans/ From?
Loan Details
LONG TERM LIABILITIES
Morgage Bonds
Previous Year Turnover
Estimated Current Year Turnover
Current Turnover per month
Current Turnover per annum
Comment	All financial information was declined

Please note the following:
Turnover and assets less than R 1,000,000.00	The subject falls within the National Credit Act
Turnover and assets less than R 2,000,000.00	The subject falls within the Consumer Protection Act

Number of Principals	3
Average Age of Active Principals	46
Active Principals Principal - 1 of 3 BARRY LE ROUX
Surname	LE ROUX
First Name	BARRY
Other Names
Marital Status
ID Number	7812225236083
Verified ID Number	Yes
Current Age	34
Designation
Status	Active
Appointment Date	2002/11/01
Physical Address (at time of Appointment)	415 TECLA BLUFFN STREET, BROADACRESS COUNTRY ESTATE, SYRINGA AVENUE, BROADACRES GAUTENG, 2021
Postal Address	POSTNET1777, PRIVATE BAG X 153, BRYANSTON, 2021
Current Tel Number	0116778677
Cell number	0836778677
Shareholding/Membership	25.0000

Business Information for BARRY LE ROUX Principal Current Business Interests

Company Name	Registration No	Status	Age of Business	Judgements	Liquidation	Comment
J-TECH PLASTICS AND PACKAGING CC	1990/016033/23	In Business	22 Years 2 Months	0	No
TIKTOK DISTRIBUTION CC	B2002/057778/23	In Business	10 Years	0	No
J-TECH PROPERTIES CC	B2002/064832/23	In Business	9 Years 11 Months	0	No

Company Name	Registration No	Status	Age of Business	Judgements	Liquidation	Comment
J-TECH PLASTICS AND PACKAGING CC	1990/016033/23	In Business	22 Years 2 Months	0	No
TIKTOK DISTRIBUTION CC	B2002/057778/23	In Business	10 Years	0	No
J-TECH PROPERTIES CC	B2002/064832/23	In Business	9 Years 11 Months	0	No

Principal Deeds Information

Property Interests for BARRY LE ROUX

Title Deed No.	T92158/2006	Erf/Site No.
Deeds Office	PRETORIA	Physical Address
Property Type	Freehold	Extent / Size	385.0SQM
Purchase Date	2006/03/19	Purchase price
% Ownership	0.00	Bond Holder	FIRSTRAND BANK LTD
Bond Number	B1166852006	Bond Amount
Comment

NATALIE LE ROUX

Surname	LE ROUX
First Name	NATALIE
Other Names
Marital Status
ID Number	6203020206086
Verified ID Number	Yes
Current Age	50
Designation	Invalid Code
Status	Active
Appointment Date	2002/11/01
Physical Address (at time of Appointment)	49 SIBITI ESTATE, NERWE ROAD, FOURWAYS, 2055
Postal Address	POSTNET SUITE 1177, PRIVATE BAG X153, BRYANSTON, 2021
Current Tel Number
Cell number
Shareholding/Membership	37.5000

Company Name	Registration No	Status	Age of Business	Judgements	Liquidation	Comment
COTTON PICKER CC	1987/022403/23	In Business	24 Years 9 Months	0	No
J-TECH PLASTICS AND PACKAGING CC	1990/016033/23	In Business	22 Years 2 Months	0	No
J-TECH PROPERTIES CC	B2002/064832/23	In Business	9 Years 11 Months	0	No

Company Name	Registration No	Status	Age of Business	Judgements	Liquidation	Comment

Principal Deeds Information

Property Interests for NATALIE LE ROUX

Title Deed No.	ST144160/2006	Erf/Site No.	1617,0
Deeds Office	PRETORIA	Physical Address	WITKOPPEN SANDTON
Property Type	Sectional Title	Extent / Size	136.0SQM
Purchase Date	2006/05/19	Purchase price
% Ownership	0.00	Bond Holder	STANDARD BANK OF SOUTH AFRICA L
Bond Number	SB1811562006	Bond Amount
Comment

Surname	LE ROUX
First Name	JOHANNES
Other Names
Marital Status
ID Number	5702235118003
Verified ID Number	Yes
Current Age	55
Designation	Invalid Code
Status	Active
Appointment Date	2002/11/01
Physical Address (at time of Appointment)	6 FINCH STREET, CEDAR LAKES, FOURWAYS, 2055
Postal Address	P O BOX 1298, ISANDO, GAUTENG, 1600
Current Tel Number	0114521728
Cell number	0827899287
Shareholding/Membership	37.5000

Company Name	Registration No	Status	Age of Business	Judgements	Liquidation	Comment
COTTON PICKER CC	1987/022403/23	In Business	24 Years 9 Months	0	No
J-TECH PLASTICS AND PACKAGING CC	1990/016033/23	In Business	22 Years 2 Months	0	No
J-TECH PROPERTIES CC	B2002/064832/23	In Business	9 Years 11 Months	0	No

Title Deed No.		Erf/Site No.
Deeds Office		Physical Address
Property Type		Extent / Size
Purchase Date		Purchase price
% Ownership		Bond Holder
Bond Number		Bond Amount
Comment

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.55.78
UK Pound	1	Rs.86.75
Euro	1	Rs.68.32

INFORMATION DETAILS

Report Prepared by :

SDA

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.

Registered Name	J-TECH PLASTICS AND PACKAGING CC
Trading as/ Division Name	M-TECH PLASTICS
Previous Name	None
Date of Name Change
Registration Number	1990/016033/23
Registration Date	1990/05/16
Date Commenced Trading	1990-05-16
Age of Business	22 Years 2 Months
History of Business	J-TECH PLASTICS AND PACKAGING CC tading as M-TECH PLASTICS was registered in May 1990
History of Principals	BARRY LE ROUX previously worked as an importer and wholesaler of high-end consumer electronics such as APPLE productsJOHANNES LE ROUX has previously co-owned a company styled GENERAL PLASTICS which was involved in buying and selling plastic packaging which was sold in 1989
Shareholders/Members/Partners of subject and % holding	JOHANNES LE ROUX 37.5 %NATALIE LE ROUX 37.5%BARRY LE ROUX 5%
Authorised Share Capital	R 0.00
Issued Share Capital/Members Contribution	R 0.00
Status	In Business
Operations Assessment	The company operates as a supplier of plastic films
Industry/ Customers	Packaging and plastic industry for the industrial and agricultural sector
Export	Export
Major Industry Code / SICC	32323
Definition of Code	MANUFACTURE OF PACKING MATERIAL
Head Office Physical Address	165 GIGANTIC STREET, NORTHLANDS BUSINESS PARK, NEW MARKET ROAD, NORTHRIDING, 2162
Head Office Postal Address	P O BOX 66240, HIGHVELD, 0169
Current Tel Number	011 801 3000 / 011 801 3000
Cell Number	083 6778677
Current Fax Number	086 657 4547
Current Email Address	natalie@mtechplastics.com/barry@mtechplastics.co m
Web Site Address	http://www.mtech.co.za
Comments