|
Report Date : |
10.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
R
E M PAPERS CC |
|
|
|
|
Registered Office : |
15a Hillside Crescent,
Cowies Hill, PINETOWN, 3610 |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
01.12.1992 |
|
|
|
|
Com. Reg. No.: |
1992/032494/23 |
|
|
|
|
Legal Form : |
Closed Corporation |
|
|
|
|
Line of Business : |
Sweets & Chocolate
Distributors, Tobacco and Tea Producers. |
|
|
|
|
No. of Employees : |
Not Available |
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 : |
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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
South Africa |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
|
Subject Name |
R E M PAPER |
|
Country |
South Africa |
|
Subject Contact
Person |
TANYA REDDY -
Director |
|
Assessment |
On
investigation we made contact with TANYA REDDY who declined to assist with
the information at present. MS. REDDY requested that we contact the subject
later in the week as she will not be at the office until Friday 10-08-2012.
This appears to be a well connected company in the packaging industry. We
await further information for the subject. Please see the available
information for the subject below. |
|
Registered
Name |
R E M
PAPERS CC |
|
Trading
as/ Division Name |
REM
PAPERS |
|
Previous
Name |
None |
|
Date of
Name Change |
None |
|
Registration
Number |
1992/032494/23 |
|
Registration
Date |
1992/12/01 |
|
Date
Commenced Trading |
1992-12-01 |
|
Age of
Business |
19 Years
8 Months |
|
History
of Business |
The subject
was established as a new business in 1992 |
|
History
of Principals |
The
combined experience of management totals over 50 years |
|
Shareholders/Members/Partners
of subject and % holding |
5 % -
TANYA REDDY, 95 % - MICHEAL MC HARRY |
|
Authorised
Share Capital |
R 0.00 |
|
Issued
Share Capital/Members Contribution |
R 0.00 |
|
Status |
In
Business |
|
Operations
Assessment |
Flexible
Packaging, Pressure Sensitive & Speciality Product Packaging, Paper Making,
Polymers, Commerce, Printing, Marketing, Foil Production. |
|
Industry/
Customers |
Sweets
& Chocolate Distributors, Tobacco and Tea Producers. |
|
Export |
Export |
|
Major
Industry Code / SICC |
88950 |
|
Definition
of Code |
Packaging
activities |
|
Head
Office Physical Address |
15a
Hillside Crescent, Cowies Hill, PINETOWN, 3610 |
|
Head
Office Postal Address |
PO Box
1123, WESTVILLE, 3630 |
|
Current
Tel Number |
0317092911 |
|
Current
Fax Number |
0317092990 |
|
Current
Email Address |
|
|
Web Site
Address |
|
Company
Registered Name |
COOMBS
AND MOON CHARTERED ACCOUNTANTS |
|
Trading
Name |
COOMBS
AND MOON |
|
Registration
Number |
4702255096007 |
|
Physical
Address |
29
Maryvale Road, Dawncliff, WESTVILLE, 3629 |
|
Postal
Address |
P
O BOX 509, WESTVILLE, 3630 |
|
Contact
Person |
MALCOLM
COOMBS |
|
Contact
Number |
0312667230 |
|
Email |
|
|
Principals |
1 |
|
Judgements
Against Subject |
None
On Record |
|
Judgements
Against Principals |
None
On record |
|
Subject
Verified as Client |
Yes |
|
Practice
Number |
927252E |
|
VAT
Number |
4920105840 |
|
No
of years in Business |
7 |
|
Website |
www.coombsandmoon.co.za
- Site under construction. |
Previous Auditors
|
Company
Name |
Phone
Number |
Time
with previous auditors |
Comment |
|
RSM
HILLS HOWARD |
|
Unknown |
|
|
HILLS
HOWARD AND COMPANY |
|
18 |
|
|
Vat Number |
4170138848 |
|
Status |
ACTIVE |
|
Vat Liable Date |
|
|
Tax Number |
9249328205 |
|
Tax Clearance
Expire Date |
|
|
Financial Year
End |
February |
|
Comment |
|
Black
Economic Empowerment Information - No Information on Record
ISO
Information - No Information on Record
Work Mans
Information - No Information on Record
Subsidiaries
Information - No Information on Record
Employees
Information - No Information on Record
Company
Fleet Information - No Information on Record
Offices Information
- No Information on Record Branch Information - No Information on Record
Organisation
Chart
|
Level |
Position |
Name |
Comment |
|
1 |
Managing
Member |
MICHEAL
MC HARRY |
|
|
2 |
Member |
TANYA
REDDY |
|
Key Deals -
No Information on Record
Company
Structure (Ownership)
Note: One level up and all levels down
|
Holding |
Company |
Sub |
Comment |
|
95 % -
MICHEAL MC HARRY |
R E M
PAPERS CC |
Unavailable |
|
|
5 % -
TANYA REDDY |
R E M
PAPERS CC |
Unavailable |
|
Trade
References Information - No Information on Record
Judgements
- No information on record
BusinessRescue
- No Information on Record
Default
Listing - No information on record
Notarial Bonds
- No information on record
Bank
Information - No Information on Record
Bank Code
History - No Information on Record
Previous
Bank Account Information - No Information on Record
Deeds
Information - No information on record
|
Number
of Principals |
2 |
|
Average
Age of Active Principals |
50 |
|
Active
Principals Principal - 1 of 2 TANYA REDDY |
|
|
Surname |
REDDY |
|
First
Name |
TANYA |
|
Other
Names |
None |
|
Marital
Status |
|
|
ID
Number |
7703020235083 |
|
Verified
ID Number |
Yes |
|
Current
Age |
35 |
|
Designation |
Member |
|
Status |
Active |
|
Appointment
Date |
2009/02/23 |
|
Physical
Address (at time of Appointment) |
82
RADFORD GARDENS, HILLARY, KZN, 4094 |
|
Postal
Address |
82
RADFORD GARDENS, HILLARY, KZN, 4094 |
|
Current Tel
Number |
0317092911 |
|
Cell
number |
Unavailable |
|
Shareholding/Membership |
5 % |
Principal's
Current Business Interests - No information on record
Principal's
Previous Business Interests - No information on record
Principal's
Deeds Information - No information on record
Principal
- 2 of 2 MICHAEL MC HARRY
|
Surname |
MC HARRY |
|
First
Name |
MICHAEL |
|
Other
Names |
None |
|
Marital
Status |
|
|
ID
Number |
4701175076008 |
|
Verified
ID Number |
Yes |
|
Current
Age |
65 |
|
Designation |
Member |
|
Status |
Active |
|
Appointment
Date |
1992/12/01 |
|
Physical
Address (at time of Appointment) |
15A
HILLSIDE CRESCENT, COWIES HILL, KZN, 3629 |
|
Postal
Address |
P O BOX
1123, WESTVILLE, KZN, 3630 |
|
Current
Tel Number |
0317092911 |
|
Cell
number |
0824449031 |
|
Shareholding/Membership |
95 % |
Principal's
Current Business Interests - No information on record
Principal's
Previous Business Interests - No information on record
Principal's
Deeds Information - No information on record
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.17 |
|
|
1 |
Rs.86.43 |
|
Euro |
1 |
Rs.68.27 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.