MIRA INFORM REPORT

 

 

Report Date :

18.08.2012

 

IDENTIFICATION DETAILS

 

Name :

FORTIFIED FOODS PRODUCTION AND DEVELOPMENT (PTY) LTD

 

 

Registered Office :

31 Suffert StreetPINETOWN KWAZULU NATAL3610

 

 

Country :

South Africa

 

 

Date of Incorporation :

10.05.1967

 

 

Com. Reg. No.:

M1967/004860/07

 

 

Legal Form :

Private Company

 

 

line of business :

Manufacture of nut foods

 

 

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 :

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 31st, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

South Africa

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Summary

 

Subject Name

FORTIFIED FOODS PRODUCTION AND DEVELOPMENT

Country

South Africa

Subject Contact Person

MICHELL-BOOKKEEPER

Assessment

This is an established business. On investigation we made contact with the bookkeeper MRS MICHELL who requested that we send her the questionnaire. When we followed up on the questionnaire MICHELL stated that she requires more time to complete the questionnaire and she also needs the authorization of the director to release any information. We await further information.Please see the available on the subject information below.

 

Company Information

 

Registered Name

FORTIFIED FOODS PRODUCTION AND DEVELOPMENT (PTY) LTD

Trading as/ Division Name

FORTIFIED FOODS PRODUCTION AND DEVELOPMENT

Previous Name

 

Date of Name Change

 

Registration Number

M1967/004860/07

Registration Date

1967/05/10

Date Commenced Trading

1967-05-10

Age of Business

45 Years 3 Months

History of Business

The subject commenced as a new business in 1967.

History of Principals

There are currently 2 active directors within the company.

Shareholders/Members/Partners of subject and % holding

 

Authorised Share Capital

R0.00

Issued Share Capital/Members Contribution

R0.00

Status

In Business

Operations Assessment

Processing of Salted and Roasted Nuts and seeds

Industry/ Customers

Wholesalers and Retailers

Export

 

Major Industry Code / SICC

30492

Definition of Code

Manufacture of nut foods

Head Office Physical Address

31 Suffert StreetPINETOWN KWAZULU NATAL3610

Head Office Postal Address

P O BOX 1540 NEW GERMANY 3620

Current Tel Number

0317010685

Cell Number

 

Current Fax Number

0317010283

Current Email Address

admin@fortifiedfoods.co.za

Web Site Address

www.fotifiedfoods.co.za

Comments

 

Auditors Information

 

Company Registered Name

Rl KENNEDY & ASSOCIATES

Trading Name

 

Registration Number

6406095028083

Physical Address

2 Wilford Court5 Miller GroveBereaDURBAN

Postal Address

P 0 BOX 20708DURBAN NORTH4016

Contact Person

 

Contact Number

0312407400

Email

nikita@rikennedy.co.za

Principals

1

Judgements Against Subject

 

Judgements Against Principals

 

Subject Verified as Client

Yes

Practice Number

269798N

VAT Number

4730174184

Tax Number

 

BEE Status

 

Financial Year End

February

No of years in Business

7

Website

www.rikennedy.co.za

Comment

 

 

Previous Auditors

 

Company Name

Phone Number

Time with previous auditors

Comment

GRANT THORNTON KESSEL FEINSTEIN

 

15

 

MARK VAN STRAATEN

 

Unknown

 

 

 

Tax Information

 

Vat Number

4860104720

Status

ACTIVE

Vat Liable Date

1991/09/30

Tax Number

9097168208

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

 

Company Structure

 

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

 

 

Management Overview

 

Organisational Chart - No Information on Record

 

Company Structure Information - No Information on Record

 

Note: One level up and all levels down

 

Key Deals - No Information on Record

 

Trade References Information - No Information on Record

 

 

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 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

 

 

 

Principals

 

Number of Principals

2

Average Age of Active Principals

57

 

MEAKER

 

Surname

MEAKER

First Name

ROY

Other Names

 

Marital Status

Married

ID Number

4307055057082

Verified ID Number

Yes

Current Age

69

Designation

ACCOUNTANT

Status

Active

Appointment Date

 

Physical Address (at time of Appointment)

8 NORTHSHORE, 1 OCEAN WAY, UMHLANGA ROCKS, 4319

Postal Address

PO BOX 1540, NEW GERMANY, 3620

Current Tel Number

0317013647

Cell number

 

Shareholding/Membership

0.0000

 

Principal's Adverse - No information on record

 

Business Information for ROY MEAKER

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

AAARINECOTE (PTY) LTD

1960/004078/07

In Business

51 Years 9 Months

0

No

 

DEKRO PAINTS (CAPE) (PTY)LTD

1969/014923/07

In Business

42 Years 10 Months

0

No

 

STEELBANK MERCHANTS (PTY) LTD

1971/000840/07

In Business

41 Years 7 Months

0

No

 

MEAKOP (PTY)LTD

1971/011178/07

In Business

40 Years 11 Months

0

No

 

QUALITY PARK (PTY) LTD

1978/000689/07

In Business

34 Years 6 Months

0

No

 

144 UMBILO ROAD DURBAN (PTY)LTD

1981/006880/07

Conversion CO/CC or CC/CO

31 Years 1 Months

0

No

 

FABMECH ENGINEERING (PTY) LTD

1983/003586/07

In Business

29 Years 4 Months

0

No

 

0 AND A SUPPLIES (PTY) LTD

1988/007313/07

In Business

23 Years 8 Months

0

No

 

JOH-AIRCC

1988/013169/23

In Business

24 Years 3 Months

0

No

 

NEW BY

INVESTMENTS CC

1989/024400/23

Deregistration Process

23 Years 1 Months

0

No

 

FORTIFIED FOODS MARKETING (PTY) LTD

1998/007220/07

In Business

14 Years 4 Months

0

No

 

BANKSTEEL (PTY) LTD

M1964/004308/07

In Business

48 Years 2 Months

0

No

 

DEKRO PAINTS (TRANSVAAL) (PTY) LTD

M1966/005602/07

In Business

46 Years 2 Months

0

No

 

DEKRO PAINTS (NATAL) (PTY)LTD

M1966/006742/07

In Business

46 Years

0

No

 

FORTIFIED FOODS PRODUCTION AND DEVELOPMENT (PTY) LTD

M1967/004860/07

In Business

45 Years 3 Months

0

No

 

CRUISE MARINE COATINGS (PTY) LTD

M1983/002506/07

In Business

29 Years 5 Months

0

No

 

PHINITO PROPERTIES (PTY) LTD

M1991/002699/07

In Business

21 Years 3 Months

0

No

 

DELINPROPS 13 (PTY) LTD

M1996/007360/07

In Business

16 Years 2 Months

0

No

 

DELINPROPS 15 (PTY) LTD

M1996/007361/07

In Business

16 Years 2 Months

0

No

 

DELINPROPS 17 (PTY) LTD

M1996/007364/07

In Business

16 Years 2 Months

0

No

 

DELINPROPS 14 (PTY) LTD

M1996/007365/07

In Business

16 Years 2 Months

0

No

 

DELINPROPS 16 (PTY) LTD

M1996/007371/07

In Business

16 Years 2 Months

0

No

 

DELINPROPS 18 (PTY) LTD

M1996/007485/07

In Business

16 Years 2 Months

0

No

 

LQG INNOVATIONS (PTY) LTD

M2000/018688/07

In Business

12 Years

0

No

 

ROYAL ALBATROSS INVESTMENTS (PTY) LTD

M2005/027462/07

In Business

7 Years

0

No

 

 

Principal Previous Business Interests

 

Average Age of Previous Business 31 Years

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

SENTRALE AKSEPBANK LTD

1955/001742/06

Deregistration Final

57 Years 2 Months

0

No

 

ARMSTRONG (NATAL) (PTY) LTD

1958/000572/07

Deregistration Final

54 Years 6 Months

0

No

 

VAN RIEBEECK VERWE EIENDOMME (PTY)LTD

1963/001427/07

Deregistration Final

49 Years 5 Months

0

No

 

DEKRO DRUMS AND CONTAINERS (PTY)LTD

1970/015324/07

Deregistration Final

41 Years 9 Months

0

No

 

PERFORMANCE PLANTATIONS (PTY) LTD

1973/010567/07

Deregistration Final

39 Years

0

No

 

DRUMTECH (PTY)LTD

1973/014050/07

Deregistration Final

38 Years 9 Months

0

No

 

E L SCHLEBUSCH FAMILY HOLDINGS (PTY) LTD

1976/002242/07

Deregistration Final

36 Years 2 Months

0

No

 

DRUMPAK (PTY)LTD

1979/000106/07

Deregistration Final

33 Years 7 Months

0

No

 

WORLDWIDE TRADING S A (PTY)LTD

1980/011766/07

Deregistration Final

31 Years 8 Months

0

No

 

DEKRO FACTS INSULATION (PTY)LTD

1982/010494/07

Deregistration Final

29 Years 9 Months

0

No

 

KNIGHTSWOOD PROPERTIES SHARE BLOCK (PTY)LTD

1983/004921/07

Deregistration Final

29 Years 3 Months

0

No

 

ROYCOL PARK SHARE BLOCK (PTY)LTD

1983/010192/07

Deregistration Final

28 Years 11 Months

0

No

 

ROYCOL PARK CAPE SHARE BLOCK (PTY) LTD

1985/003045/07

In Business

27 Years 1 Months

0

No

 

SHORTTS RETREAT INVESTMENTS CC

1988/013168/23

Dissolved

24 Years 3 Months

0

No

 

WALTER

MCNAUGHTAN (TVL) CC

1989/006454/23

Deregistration Final

23 Years 6 Months

0

No

 

41 LIVINGSTONE ROAD PINETOWN CC

1989/006455/23

Deregistration Final

23 Years 6 Months

0

No

 

MEDICAL EQUIPMENT AND MAINTENANCE SERVICES CC

1989/006780/23

Deregistration Final

23 Years 6 Months

0

No

 

ROBERT SHAW CC

1989/006886/23

Deregistration Final

23 Years 6 Months

0

No

 

FULL-TIME INVESTMENTS (PTY) LTD

1989/007588/07

Deregistration Final

22 Years 8 Months

0

No

 

MELLINGHAM INVESTMENTS 2 (PTY) LTD

1998/023375/07

Voluntary Liquidation

13 Years 9 Months

0

Yes

 

ALUMNI TRADING 119 (PTY) LTD

2007/030708/07

In Business

4 Years 10 Months

0

No

 

BELL EQUIPMENT GROUP INSURANCE BROKERS (PTY)LTD

M1968/000248/07

Deregistration Final

44 Years 7 Months

0

No

 

MEAKER WORLD (PTY) LTD

M1972/006854/07

In Business

40 Years 2 Months

0

No

 

 

Principal's Deeds Information - No information on record

 

ROY MEAKER

 

Surname

MEAKER

First Name

ROY

Other Names

 

Marital Status

Married

ID Number

6702285034083

Verified ID Number

Yes

Current Age

45

Designation

BUSINESSMAN

Status

Active

Appointment Date

 

Physical Address (at time of Appointment)

5 WATERLOO ROAD, WESTVILLE, 3630

Postal Address

P O BOX 454, NEW GERMANY, 3620

Current Tel Number

 

Cell number

0828819095

Shareholding/Membership

0.0000

 

Principal's Adverse - No information on record

 

Business Information forROY MEAKER

 

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

DRYSDALE GRANT AND COMPANY (PTY) LTD

1946/023488/07

In Business

65 Years 10 Months

0

No

 

DEKRO PAINTS (PTY) LTD

1966/002326/07

In Business

46 Years 5 Months

0

No

 

MEAKOP (PTY)LTD

1971/011178/07

In Business

40 Years 11 Months

0

No

 

QUALITY PARK (PTY) LTD

1978/000689/07

In Business

34 Years 6 Months

0

No

 

FABMECH ENGINEERING (PTY) LTD

1983/003586/07

In Business

29 Years 4 Months

0

No

 

0 AND A SUPPLIES (PTY) LTD

1988/007313/07

In Business

23 Years 8 Months

0

No

 

SHOP TILL U DROP CC

1994/038151/23

In Business

17 Years 9 Months

0

No

 

FORTIFIED FOODS MARKETING (PTY) LTD

1998/007220/07

In Business

14 Years 4 Months

0

No

 

MEAKERWORLD TRADING CC

2004/062815/23

Deregistration Process

8 Years 1 Months

0

No

 

FLYING FALCON PROPERTIES 21 CC

2005/014747/23

In Business

7 Years 6 Months

0

No

 

ALUMNI TRADING 119 (PTY)LTD

2007/030708/07

In Business

4 Years 10 Months

0

No

 

GOURMET HERB AND SPICE CC

B2004/062810/23

In Business

8 Years 1 Months

0

No

 

ALPHA RHODESIAN AND UNION HOLDINGS LTD

M1946/022399/06

In Business

66 Years 1 Months

0

No

 

WALTER MCNAUGHTAN (PTY) LTD

M1957/003779/07

In Business

54 Years 9 Months

0

No

 

FORTIFIED FOODS PRODUCTION AND DEVELOPMENT (PTY) LTD

M1967/004860/07

In Business

45 Years 3 Months

0

No

 

MEAKER WORLD (PTY) LTD

M1972/006854/07

In Business

40 Years 2 Months

0

No

 

DELINPROPS 15 (PTY) LTD

M1996/007361/07

In Business

16 Years 2 Months

0

No

 

LQG INNOVATIONS (PTY) LTD

M2000/018688/07

In Business

12 Years

0

No

 

RAINBOW NATION INVESTMENTS (PTY) LTD

M2005/021226/07

In Business

7 Years 2 Months

0

No

 

THE GOURMET FOOD COMPANY (PTY) LTD

M2005/021234/07

In Business

7 Years 2 Months

0

No

 

ROYAL ALBATROSS INVESTMENTS (PTY) LTD

M2005/027462/07

In Business

7 Years

0

No

 

MEAKER

INVESTMENTS AND STUD COMPANY (PTY) LTD

M2008/014061/07

In Business

4 Years 2 Months

0

No

 

FORTIFIED FOODS (PTY) LTD

M2009/015603/07

In Business

3 Years

0

No

 

 

Principal's Deeds Information - No information on record

 

Average Age of Previous Business 7 Years

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

MELLINGHAM INVESTMENTS 2 (PTY) LTD

1998/023375/07

Voluntary Liquidation

13 Years 9 Months

0

Yes

 

ATTWELLS UKUDLA CC

2010/058648/23

In Business

2 Years 3 Months

0

No

 

 

Principal's Deeds Information - No information on record


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.55.70

UK Pound

1

Rs.87.55

Euro

1

Rs.68.85

 

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.