MIRA INFORM REPORT

 

 

Report Date :

04.12.2012

 

IDENTIFICATION DETAILS

 

Name :

I T B MANUFACTURING (PTY) LTD

 

 

Registered Office :

1 Orange Street, Isithebe, Kwa-Zulu Natal

 

 

Country :

South Africa

 

 

Date of Incorporation :

30.09.1983

 

 

Com. Reg. No.:

M1983/010608/07

 

 

Legal Form :

Private Company

 

 

Line of Business :

Manufacturer of plastics in primary form and of synthetic rubber

 

 

No. of Employees :

300 employees

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory  

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 – June 30th, 2012

 

Country Name

Previous Rating

(31.03.2012)

Current Rating

(30.06.2012)

South Africa

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

South Africa - ECONOMIC OVERVIEW

 

south Africa is a middle-income, emerging market with an abundant supply of natural resources; well-developed financial, legal, communications, energy, and transport sectors; a stock exchange that is the 18th largest in the world; and modern infrastructure supporting a relatively efficient distribution of goods to major urban centers throughout the region. Growth was robust from 2004 to 2007 as South Africa reaped the benefits of macroeconomic stability and a global commodities boom but began to slow in the second half of 2007 due to an electricity crisis and the subsequent global financial crisis' impact on commodity prices and demand. GDP fell nearly 2% in 2009 but recovered in 2010-11. Unemployment remains high and outdated infrastructure has constrained growth. State power supplier Eskom encountered problems with aging plants and meeting electricity demand necessitating "load-shedding" cuts in 2007 and 2008 to residents and businesses in the major cities. Daunting economic problems remain from the apartheid era - especially poverty, lack of economic empowerment among the disadvantaged groups, and a shortage of public transportation. South Africa''s economic policy is fiscally conservative focusing on controlling inflation and attaining a budget surplus. The current government largely follows these prudent policies but must contend with the impact of the global crisis and is facing growing pressure from special interest groups to use state-owned enterprises to deliver basic services to low-income areas and to increase job growth.

 

 

Source : CIA

 

 


 

Subject Name

I T B MANUFACTURING (PTY)LTD

Country

South Africa

Subject Contact Person

EVA MOODLEY - FINANCIAL MANAGER

Assessment

This is an established business. On investigation we made contact with the subject and we were referred to the financial Manager EVA MOODLEY who assisted with most of the information for the subject.

 

MRS. MOODLEY however declined to assist with financial information due to it being confidential.

 

The subject is meeting commitments timeously with it's suppliers.

 

We obtained a bank code C for an amount of R 3 000 000 over a period of 30 days.

 

Please see the available information for the subject below.

 

 

Company infomration

 

Registered Name

I T B MANUFACTURING (PTY)LTD

Trading as/ Division Name

I T B MANUFACTURING

Registration Number

M1983/010608/07

Registration Date

1983/09/30

Date Commenced Trading

1983-09-30

Age of Business

29 Years 2 Months

History of Business

The subject started as a new business in 1983

History of Principals

There are currently 8 active directors within the subject.

Authorised Share Capital

R0.00

Issued Share Capital/Members Contribution

R0.00

Status

In Business

Operations Assessment

Manufacture of:Boutique/Retail Bags, Form, Fill & Seal, Security Bags, Carrier Bags, Vest-Type Carriers (VTC),

Industry/ Customers

SASOL, EDGARS, FOOD INDUSTRY

Export

Yes

Major Industry Code / SICC

33430

Definition of Code

Manufacture of plastics in primary form and of synthetic rubber

Head Office Physical Address

1 Orange Street, isithebe, KWA-ZULU NATAL

Head Office Postal Address

P O BOX 120, MANDINI, 4090

Current Tel Number

0324592590

Current Fax Number

0324593063

Current Email Address

eva@itbplastics.com

 


 

Auditors information

 

Company Registered Name

MOORES STEPHENS CJL

Registration Number

1999/011543/21

Physical Address

5th Floor The spinnaker, Albert Terrace, DURBAN

Postal Address

P 0 BOX 11800, AAARINE PARADE, 4056

Contact Person

NIRAKSHA SOOKRAJ

Contact Number

0313328622

Email

nsookraj@dbn.mooresstephens.co.za

Principals

3

Subject Verified as Client

Yes

Practice Number

925624E

VAT Number

413019028

Tax Number

9075279209

BEE Status

Level 2

Financial Year End

December

No of years in Business

5

Website

www.mooresstephens.co.za


Previous Auditors

Company Name

Phone Number

Time with previous auditors

Comment

C J LOUW

 

29

 

MOORE STEPHENS CJL INCORPORATED

 

Unknown

 

 

 

Tax information

 

Vat Number

4340103235

Status

ACTIVE

Vat Liable Date

1991/09/30

Tax Number

9140091209

Financial Year End

February

Black Economic Empowerment

Status

Yes

Score

3.00

Expire Date

Dec  8 2012

BEE Certificate Available

No

ISO Status

Type of ISO Grade

ISO 9001:2008

Workman's compensation

Registered

Yes

Compliance Certified

Yes

 

 

Company Structure

 

Subsidiaries Information - No Information on Record

 

Employees

Number of Employees

300

1. Salaried employees

300

2. Waged employees

 

3. Permanent employees

300

Company Fleet

Company Fleet

No of vehicles:

Owned/Leased

Value

Outstanding Balance

Fleet Operations

 

 

 

 

The Fleet is made up of

10

Comment

 

Cars

3

Owned

R 400000.00

 

Light delivery Vehicles

6

Owned

R 350000.00

 

Trucks

1

Owned

 

 

 

 

Offices

 

Offices

Offices

Head Office Owned/ Rented

Leased

Rental Company

ICHALA DEVELOPMENT CORPORATION

Lease Agreement

3 Years

Type of Premises

Factory and offices

Comment

 

 

Branch Information

Branches Names

Country

Province

ITB AAANUFACTURING (PTY)LTD

South Africa

Durban

ITB AAANUFACTURING (PTY)LTD

South Africa

Johannesburg

ITB AAANUFACTURING (PTY)LTD

South Africa

Western Cape

 

Branch Detail Information

Branches Owned/ Rented

Leased

Lease Agreement

3 Years

Type of Premises

OFFICES AND WAREHOUSES

Branches Owned/ Rented

Leased

Lease Agreement

3 YEARS

Type of Premises

OFFICES AND FACTORY

 

Branches Owned/ Rented

Leased

Lease Agreement

3 Years

Type of Premises

offices and warehouse's

 

 

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

 

Trade Reference nr

Supplier

Contact

Surety Value

Notarial Bonds

Comment

1

FUN CHEMICALS

0215905100

 

 

 

2

FUN COURIERS

0317927500

 

 

 

3

TV TRANSPORT

0325514260

 

 

 

Trade References Detail

 

Nr

Age of Acc

Credit Limit

Max Credit

Terms

Average Purchases

Terms Taken

Comment

1

5 Years

R 2700000.00

R2100000

30 Days

R1500000

30 Days

Very Good account

2

8 Years

R1300000.00

R 600000

30 Days

R 550000

30 Days

Very Good account

3

25 Years

R1000000.00

R 2100000

30 Days

R 900000

30 Days

Very Good

 

Adverse Information on Subject

Judgements - No information on record

 

Business Rescue - No Information on Record

 

Default Listing - No information on record

 

Notarial Bonds - No information on record

 

 


Bank information

 

Bank

FIRST NATIONAL BANK

Branch

MUSGRAVE ROAD DBN

Bank Account Number

6227631635

Type of Account

Cheque

Account Name

ITB AAANUFACTURING (PTY)LTD

Overdraft Facilities

Yes

Bank Code

C for R 3 000 000

Bank Comment

The subject's bankers consider them good for all business normal engagements.

 

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

8

Average Age of Active Principals

59

 

Active Principals Principal - 1of 8 GREGORY ELS

Surname

ELS

First Name

GREGORY

Other Names

None

Marital Status

Married

ID Number

6611255107086

Verified ID Number

Yes

Current Age

113

Designation

BUSINESSMAN

Status

Active

Appointment Date

2012/06/25

Physical Address (at time of Appointment)

33 WATERBUEK CRESCENT, RIVER CLUB ESTATE, 0000

Postal Address

35 WATERBUCK CRESCENT, RIVERCLUB ESTATES, 15 COLLERAINE DRIVE, RIVERCLUB, 2149

Current Tel Number

0119948600

Cell number

0833076952

Shareholding/Membership

0.0000

 


 

Adverse information for GREGORY ELS

 

Principal Judgement

 

Number of Judgements

0

Principal Debt Review

Debt review

No Information on Record

Other

Default data

No Information on Record

 

Business Information for GREGORY ELS

 

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

CLIDET NO 847 (PTY) LTD

M2008/015885/07

In Business

4 Years 4 Months

0

No

 

AAANDLA GANTSHO INVESTMENT (PTY) LTD

M2008/011740/07

In Business

4 Years 4 Months

0

No

 

PERIODIC VEHICLE TESTING CENTRE (PTY) LTD

M2008/001072/07

In Business

4 Years 4 Months

0

No

 

PRAXLEY CONSORTIUM 11 (PTY) LTD

M2007/018330/07

In Business

5 Years 5 Months

0

No

 

PRAXLEY CONSORTIUM 3 (PTY) LTD

M2007/007573/07

In Business

5 Years 5 Months

0

No

 

LEREKO MEDIA (PTY) LTD

M2007/000047/07

In Business

5 Years 5 Months

0

No

 

PRAXLEY

CONSORTIUM FIVE (PTY) LTD

M2006/023786/07

In Business

6 Years 6 Months

0

No

 

PRAXLEY CONSORTIUM 2 (PTY) LTD

M2006/020321 /07

In Business

6 Years 6 Months

0

No

 

GREMON INVESTMENTS (PTY) LTD

M2006/020019/07

In Business

6 Years 6 Months

0

No

 

ITB GRAVURE (PTY) LTD

M2006/011751/07

In Business

6 Years 6 Months

0

No

 

MDOKWA INVESTMENTS (PTY) LTD

M2006/006577/07

In Business

6 Years 6 Months

0

No

 

CLIDET NO 595 (PTY) LTD

M2005/024859/07

In Business

7 Years 7 Months

0

No

 

PRAXLEY CONSORTIUM (PTY) LTD

M2005/013148/07

In Business

7 Years 7 Months

0

No

 

CLIDET NO 566 (PTY) LTD

M2005/010353/07

In Business

7 Years 7 Months

0

No

 

POLYPAK INVESTMENTS (PTY) LTD

M2004/032567/07

In Business

8 Years 8 Months

0

No

 

CHERRY CREEK TRADING 204 (PTY) LTD

M2003/016131/07

In Business

9 Years 9 Months

0

No

 

PRAXLEY CORPORATE SOLUTIONS (PTY) LTD

M2003/000042/07

In Business

9 Years 9 Months

0

No

 

MONHLA HLAHLA INVESTMENTS (PTY) LTD

M2002/032145/07

In Business

10 Years 10 Months

0

No

 

NATCO SA INTERNATIONAL TRANSPORTS (PTY) LTD

M1996/008913/07

In Business

16 Years 4 Months

0

No

 

GRAVURE CYLINDERS (PTY) LTD

M1985/003678/07

In Business

27 Years 3 Months

0

No

 

ITB

MANUFACTURING (PTY) LTD

M1983/010608/07

In Business

29 Years 5 Months

0

No

 

G M R INVESTMENT PROJECTS (PTY) LTD

2008/004994/07

In Business

4 Years 4 Months

0

No

 

GMR ENERGY SA (PTY) LTD

2008/004749/07

In Business

4 Years 4 Months

0

No

 

PRINTROLLERS SOLUTIONS (PTY) LTD

2008/003383/07

In Business

4 Years 4 Months

0

No

 

GENDARME SA

(PTY) LTD

2004/019384/07

In Business

8 Years 8 Months

0

No

 

 


Principal Previous Business Interests

 

Average Age of Previous Business                                                                                   7 Years

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

PRAXLEY CONSORTIUM SIX (PTY) LTD

2007/027152/07

In Business

5 Years 5 Months

0

No

 

CLIDET NO 787 (PTY) LTD

2007/027543/07

In Business

5 Years 5 Months

0

No

 

SPES MACHINES (PTY) LTD

M1970/008545/07

Deregistration Final

42 Years 6 Months

2

No

 

INVESTMENT FACILITY COMPANY ONE HUNDRED AND TWENTY NINE (PTY) LTD

M1993/002812/07

Deregistration Final

19 Years 7 Months

0

No

 

 

MOKAIKAI PORTION 37 (PTY) LTD

M2001/022522/07

In Business

11 Years 11 Months

0

No

 

KOPANO ODM CONSORTIUM (PTY) LTD

M2005/029287/07

Deregistration Final

7 Years 7 Months

0

No

 

TREMPAK TRADING (PTY) LTD

M2006/006167/07

In Business

6 Years 6 Months

0

No

 

DIDGET PRINTING (PTY) LTD

M2006/011421/07

In Business

6 Years 6 Months

0

No

 

CLIDET NO 701 (PTY) LTD

M2006/037582/07

Deregistration Final

6 Years 6 Months

0

No

 

EXCELLENCE FORWARDING 1 (PTY) LTD

M2008/001021/07

In Business

4 Years 4 Months

0

No

 

LEREKO NOZALA INVESTMENTS (PTY) LTD

M2008/011424/07

Deregistration Final

4 Years 4 Months

0

No

 

LEREKO NOZALA CONSORTIUM (PTY) LTD

M2008/015400/07

Deregistration Final

4 Years 4 Months

0

No

 

CLIDET NO 848 (PTY) LTD

M2008/015912/07

In Business

4 Years 4 Months

0

No

 

MICHEL MORAND CONSULTING (PTY) LTD

M2008/023805/07

In Business

4 Years 4 Months

0

No

 

INTERCARE HOSPITAL HOLDINGS (PTY)LTD

M2008/023829/07

In Business

4 Years 4 Months

0

No

 

GPA APPOINTMENTS 1 (PTY) LTD

M2008/024018/07

In Business

4 Years 4 Months

0

No

 

CLIDET NO 881 (PTY) LTD

M2008/024062/07

In Business

4 Years 4 Months

0

No

 

LEREKO STRATEGIC INVESTMENTS (PTY) LTD

M2008/026816/07

In Business

4 Years 4 Months

0

No

 

MENTAL WELLBEING INTERVENTIONS (PTY) LTD

M2009/003861 /07

In Business

3 Years 3 Months

0

No

 

WCW CONSTRUCTION (PTY) LTD

M2009/006467/07

In Business

3 Years 3 Months

0

No

 

CLIDET NO 954 (PTY) LTD

M2009/007938/07

In Business

3 Years 3 Months

0

No

 

Principal's Deeds Information - No information on record

 

Principal - 2of 8

 

MABEL SESI BAL MABEL SESI BALOYI

 

Surname

MABEL SESI BALOYI

First Name

MABEL SESI BAL

Other Names

None

Marital Status

Single

ID Number

6304071000087

Verified ID Number

Yes

Current Age

49

Designation

BUSINESSPERSON

Status

Active

Appointment Date

2012/06/25

Physical Address (at time of Appointment)

41 MANDAVILLE ROAD, BRYANSTON, SANDTON, 2146

Postal Address

P O BOX 782859, SANDTON, SANDTON, 2146

Current Tel Number

0116762660

Cell number

0823741042

Shareholding/Membership

0.0000

Number of Judgements

1

 


Adverse Information for MABEL SESI BAL MABEL SESI BALOYI

 

Principal Judgement

 

Number of Judgements

1

 

Principal Debt Review

Debt review

No Information on Record

Other

Default data

No Information on Record

 

Business Information for MABEL SESI BAL MABEL SESI BALOYI

 

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

M BALOYI

6304071000087

 

Unknown

0

No

 

ITB

AAANUFACTURING (PTY) LTD

M1983/010608/07

In Business

29 Years 5 Months

0

No

 

TUELO WOMEN INVESTMENT COMPANY (PTY) LTD

M2003/012642/07

In Business

9 Years 9 Months

0

No

 

PRAXLEY

CONSORTIUM FIVE (PTY) LTD

M2006/023786/07

In Business

6 Years 6 Months

0

No

 

 

Principal Previous Business Interests

 

Average Age of Previous Business                       9 Years

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

REVENUE SHARED SERVICES CENTRE (PTY) LTD

2004/018692/07

Deregistration Final

8 Years 8 Months

0

No

 

CATWALK INVESTMENTS 363 (PTY) LTD

M1999/010854/07

Deregistration Final

13 Years 1 Months

0

No

 

INSTITUTE FOR

WOMEN"S

DEVELOPMENT

(NISAA)

M2001/015558/08

In Business

11 Years 11 Months

0

No

 

KGWEBO-MATLA INVESTMENTS (PTY) LTD

M2003/019047/07

Deregistration Final

9 Years 9 Months

0

No

 

KABO CAPITAL (PTY) LTD

M2006/014101/07

Deregistration Final

6 Years 6 Months

2

No

 

 

Principal's Deeds Information - No information on record

 

Principal - 3of 8

 

Sankie MTHEMBI-MAHANYELE MINIST

 

Surname

MTHEMBI-MAHANYELE MINIST

First Name

Sankie

Other Names

None

Marital Status

Widowed

ID Number

5103230626084

Verified ID Number

Yes

Current Age

61

Designation

DIRECTOR

Status

Active

Appointment Date

2008/03/28

Physical Address (at time of Appointment)

18 CENTRAL STREET, HOUGHTON, JOHANNESBURG, 2041

Postal Address

PO BOX 15601, HOUGHTON, 2041

Current Tel Number

0119948605

Cell number

0849884444

Shareholding/Membership

0.0000

 

Adverse Information for Sankie MTHEMBI-MAHANYELE MINIST

 

Principal Judgement

 

Number of Judgements

0

Principal Debt Review

Debt review

No Information on Record

Other

Default data

No Information on Record

Business Information for Sankie MTHEMBI-MAHANYELE MINIST

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

SEF (PTY)LTD

1976/001441/07

In Business

0

0

No

 

EQSTRA HOLDINGS (PTY) LTD

1998/011672/07

In Business

14 Years 2 Months

0

No

 

AAANGUVILA (PTY) LTD

K2012/146020/07

In Business

0

0

No

 

S F F ASSOCIATION

M1964/010277/08

In Business

0

0

No

 

ITB

AAANUFACTURING (PTY) LTD

M1983/010608/07

In Business

29 Years 5 Months

0

No

 

DISTRIBUTION AND WAREHOUSING NETWORK LTD

M1984/008265/06

In Business

28 Years 4 Months

0

No

 

EDWIN

CONSTRUCTION (PTY) LTD

M1997/013204/07

In Business

15 Years 3 Months

0

No

 

EQSTRA HOLDINGS LTD

M1998/011672/06

In Business

14 Years 2 Months

0

No

 

CENTRE FOR EDUCATION IN ECONOMICS AND FINANCE AFRICA

M2002/018754/08

In Business

10 Years 10 Months

0

No

 

SIYALUSANA INVESTMENT FILMS (PTY) LTD

M2009/008092/07

In Business

3 Years 3 Months

0

No

 

BABINA HEIGHTS (PTY) LTD

M2009/009602/07

Deregistration Process

3 Years 3 Months

0

No

 

THUSANANG ENERGY SYSTEMS (PTY) LTD

M2009/014206/07

In Business

3 Years 3 Months

0

No

 

OLYMPIC PARK TRADING 141 (PTY) LTD

M2010/003093/07

In Business

2 Years 2 Months

0

No

 

ARCTOTORQUE (PTY) LTD

M2010/007933/07

In Business

2 Years 2 Months

0

No

 

 

Principal Previous Business Interests

 

Average Age of Previous Business                       9 Years

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

AAALUTING INVESTMENTS CC

B1999/053389/23

Deregistration Final

13 Years 1 Months

0

No

 

JOBCO

M1999/013443/08

In Business

13 Years 1 Months

0

No

 

ANSAPART (PTY)LTD

M2009/017695/07

In Business

3 Years 3 Months

0

No

 

 


Principal's Deeds Information - No information on record

 

 

Principal - 4of 8 NOLULAMO GWAGWA

Surname

GWAGWA

First Name

NOLULAMO

Other Names

None

Marital Status

Married

ID Number

5904100711082

Verified ID Number

Yes

Current Age

53

Designation

DIRECTOR

Status

Active

Appointment Date

2008/03/28

Physical Address (at time of Appointment)

213 KLOOF AVENUE, WATERKLOOF, 0218

Postal Address

P O BOX 1050, BEDFORDVIEW, 2008

Current Tel Number

0112680566

Cell number

0726265875

Shareholding/Membership

0.0000

 

Adverse Information for NOLULAMO GWAGWA

 

Principal Judgement

 

Number of Judgements

0

Principal Debt Review

Debt review

No Information on Record

Other

Default data

No Information on Record

Business Information for NOLULAMO GWAGWA

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

MBANE POWER (PTY) LTD

M2005/014192/07

In Business

7 Years 7 Months

1

No

 

AES KHANYA -KWAZULU NATAL (PTY) LTD

M2005/031322/07

In Business

7 Years 7 Months

0

No

 

AVUKA INVESTMENTS (PTY) LTD

M2005/037666/07

In Business

7 Years 7 Months

0

No

 

NEBAVEST 82 (PTY) LTD

M2010/016536/07

In Business

2 Years 2 Months

0

No

 

NEWSHELF 1070 (PTY) LTD

M2010/018678/07

In Business

2 Years 2 Months

0

No

 

LULU GWAGWA DEVELOPMENT CONSULTANTS CC

B2003/090441/23

In Business

9 Years 9 Months

0

No

 

WILD WIND INVESTMENTS 156 CC

B2005/052889/23

In Business

7 Years 7 Months

0

No

 

LEREKO INVESTMENT HOLDINGS (PTY) LTD

K2012/147912/07

In Business

0

0

No

 

MASSMART HOLDINGS LTD

M1940/014066/06

In Business

0

0

No

 

FIRSTRAND LTD

M1966/010753/06

In Business

46 Years 10 Months

0

No

 

SUN

INTERNATIONAL LTD

M1967/007528/06

In Business

45 Years 9 Months

0

No

 

AURECON SOUTH AFRICA (PTY)LTD

M1977/003711/07

In Business

35 Years 11 Months

0

No

 

I T B

MANUFACTURING (PTY) LTD

M1983/010608/07

In Business

29 Years 5 Months

0

No

 

GRAVURE CYLINDERS (PTY) LTD

M1985/003678/07

In Business

27 Years 3 Months

0

No

 

TSEBO HOLDINGS AND OPERATIONS (PTY) LTD

M1996/008862/07

In Business

16 Years 4 Months

1

No

 

NINHAMSHAND (PTY) LTD

M1997/017383/07

In Business

15 Years 3 Months

0

No

 

LERECHABETSE ADVANCED PRODUCTS (PTY) LTD

M1999/013809/07

In Business

13 Years 1 Months

0

No

 

ETHICS INSTITUTE OF SOUTH AFRICA

M1999/020697/08

In Business

13 Years 1 Months

0

No

 

RICHARDS BAY SHIP LOADING (PTY)LTD

M2003/012120/07

In Business

9 Years 9 Months

0

No

 

SOUTH POINT PROPERTY INVESTMENTS (PTY) LTD

M2003/021421/07

In Business

9 Years 9 Months

0

No

 

LEREKO INVESTMENTS (PTY) LTD

M2004/013452/07

In Business

8 Years 8 Months

0

No

 

LARGY

INVESTMENTS (PTY) LTD

M2004/022705/07

In Business

8 Years 8 Months

0

No

 

LEREKO METIER CAPITAL GROWTH FUND MANAGERS (PTY) LTD

M2004/033161/07

In Business

8 Years 8 Months

0

No

 

LGDC PROJECT CONSOLIDATE (PTY) LTD

M2005/003241/07

In Business

7 Years 7 Months

0

No

 

LEREKO METIER INVESTORS (PTY) LTD

M2005/009193/07

In Business

7 Years 7 Months

0

No

 

 

Principal Previous Business Interests

 

Average Age of Previous Business                                               8 Years

 

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

MBOQO CONSULTING CC

2004/055663/23

Deregistration Final

8 Years 8 Months

0

No

 

ROYAL SQUARE INVESTMENTS 138 CC

2004/066411/23

Deregistration Final

8 Years 8 Months

0

No

 

YLG INVESTMENTS CC

2004/078923/23

Deregistration Final

8 Years 8 Months

0

No

 

RIVAS CONSULTING CC

2006/028681/23

Deregistration Final

6 Years 6 Months

0

No

 

GWAGWA TRAINING AND DEVELOPMENT CC

2006/028684/23

Deregistration Final

6 Years 6 Months

0

No

 

 

PRESIDENTIAL AIR CC

B2003/012096/23

Deregistration Final

9 Years 9 Months

1

No

 

GWAGWA MAJIET AND ASSOCIATES CC

B2004/014978/23

Deregistration Final

8 Years 8 Months

0

No

 

BASIC BLUE TRADING 141 CC

B2005/050861/23

Deregistration Final

7 Years 7 Months

0

No

 

AIRPORTS COMPANY SOUTH AFRICA LTD

M1993/004149/06

In Business

19 Years 7 Months

0

No

 

NTSIKA ENTERPRISE PROMOTION AGENCY

M1995/002675/08

Deregistration Final

17 Years 5 Months

0

No

 

JIA PIAZZA PARK (PTY) LTD

M1998/004849/07

In Business

14 Years 2 Months

0

No

 

VOX TELECOM LTD

M1998/016433/06

In Business

14 Years 2 Months

0

No

 

PERFORMANCE BUDGET SYSTEMS (PTY) LTD

M1998/017170/07

In Business

14 Years 2 Months

0

No

 

AMASONDO FLEET SERVICES (PTY)LTD

M2000/015762/07

In Business

 

0

No

 

IKHANDA CAPITAL (PTY) LTD

M2004/012103/07

Deregistration Final

8 Years 8 Months

0

No

 

ENERGY 4 AFRICA (PTY) LTD

M2004/028860/07

Deregistration Final

8 Years 8 Months

0

No

 

NOMVULA MINING (PTY) LTD

M2004/030493/07

Deregistration Final

8 Years 8 Months

0

No

 

LEREKO MOBILITY (PTY) LTD

M2004/034154/07

In Business

8 Years 8 Months

0

No

 

ETA ENERGY (PTY)LTD

M2005/000869/07

In Business

7 Years 7 Months

0

No

 

EMERALD SKY TRADING 266 (PTY) LTD

M2005/015242/07

Deregistration Final

7 Years 7 Months

0

No

 

KHULULEKA CORPORATE SERVICES (PTY) LTD

M2005/017271/07

Deregistration Final

7 Years 7 Months

0

No

 

FIREFLY INVESTMENTS 63 (PTY)LTD

M2005/021274/07

Deregistration Final

7 Years 7 Months

0

No

 

DINOKANA INVESTMENTS (PTY) LTD

M2005/030003/07

In Business

7 Years 7 Months

0

No

 

SAPPI PROPERTY COMPANY (PTY)LTD

M2005/038295/07

In Business

7 Years 7 Months

0

No

 

LEREKO METIER SUSTAINABLE CAPITAL TRUSTEES (PTY)LTD

M2011/009106/07

In Business

1 Years 1 Months

0

No

 

 

Principal's Deeds Information - No information on record

 

Principal - 5of 8 TREVOR DAVIES

 

Surname

DAVIES

First Name

TREVOR

Other Names

None

Marital Status

Married

ID Number

6404035041084

Verified ID Number

Yes

Current Age

48

Designation

OPERATIONS DIRECTOR

Status

Active

Appointment Date

2007/06/11

Physical Address (at time of Appointment)

FAIRVIEW FARM, BISHOPSTOWE, 3252

Postal Address

P O BOX 120, ISITHEBE, 4490

Current Tel Number

0324592590

Cell number

0820824588

Shareholding/Membership

0.0000

Number of Judgements

0

 

Adverse Information for TREVOR DAVIES

 

Principal Judgement

 

Number of Judgements

0

Principal Debt Review

Debt review

No Information on Record

Other

Default data

No Information on Record

 

Business Information for TREVOR DAVIES

 

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

FAIRVIEW FARM

6404035041084

 

Unknown

0

No

 

PLASLOPE (PTY) LTD

M1981/004836/07

In Business

31 Years 7 Months

0

No

 

ITB

MANUFACTURING (PTY) LTD

M1983/010608/07

In Business

29 Years 5 Months

0

No

 

MOLAKAI INVESTMENTS (PTY) LTD

M1997/011772/07

In Business

15 Years 3 Months

0

No

 

MONOSPEC (PTY) LTD

M2007/018854/07

In Business

5 Years 5 Months

0

No

 

NO PROBLEM MANUFACTURING (PTY) LTD

M2008/026726/07

In Business

4 Years 4 Months

0

No

 

 

Principal Previous Business Interests

 

Average Age of Previous Business                       16 Years

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

CITY PARKING SHARE BLOCK (PTY)LTD

M1993/007601/07

Deregistration Final

19 Years 7 Months

0

No

 

SOMTA TOOLS (PTY) LTD

M1999/000030/07

In Business

13 Years 1 Months

0

No

 

Principal's Deeds Information - No information on record

 

Principal - 6of 8 MICHAEL BANKS

 

Surname

BANKS

First Name

MICHAEL

Other Names

None

Marital Status

Married

ID Number

6108015067080

Verified ID Number

Yes

Current Age

51

Designation

FINANCIAL DIRECTOR

Status

Active

Appointment Date

2007/06/11

Physical Address (at time of Appointment)

502A COSTA DO SOL, 25 PARK AVENUE, UMHLANGA ROCKS, 4320

Postal Address

P O BOX 120, MANDENI, 4491

Current Tel Number

0312675281

Cell number

0736282058

Shareholding/Membership

0.0000

Number of Judgements

0

 

 

Adverse Information for MICHAEL BANKS

 

Principal Judgement

 

Number of Judgements

0

 

Principal Debt Review

Debt review

No Information on Record

Other

Default data

No Information on Record

 

Business Information for          MICHAEL BANKS

 

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

CLIDET NO 787 (PTY) LTD

2007/027543/07

In Business

5 Years 5 Months

0

No

 

Ml BANKS CA SA

6108015067007

 

Unknown

0

No

 

BLUFF CAR HIRE CC

B1989/016730/23

In Business

23 Years 11 Months

0

No

 

PLASLOPE (PTY) LTD

M1981/004836/07

In Business

31 Years 7 Months

0

No

 

ITB

MANUFACTURING (PTY) LTD

M1983/010608/07

In Business

29 Years 5 Months

0

No

 

MOLAKAI INVESTMENTS (PTY) LTD

M1997/011772/07

In Business

15 Years 3 Months

0

No

 

MONOSPEC (PTY) LTD

M2007/018854/07

In Business

5 Years 5 Months

0

No

 

NO PROBLEM MANUFACTURING (PTY) LTD

M2008/026726/07

In Business

4 Years 4 Months

0

No

 

 

Principal Previous Business Interests

 

Average Age of Previous Business                                                      27 Years

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

BLOXWICH SOUTH AFRICA (PTY)LTD

M1968/004009/07

Deregistration Final

44 Years 8 Months

0

No

 

BLOXWICH

INDUSTRIES (PTY)LTD

M1971/013004/07

Deregistration Final

41 Years 5 Months

0

No

 

I B MANAGEMENT (PTY) LTD

M1993/000057/07

Deregistration Final

19 Years 7 Months

0

No

 

BLOXWICH FORGINGS (PTY) LTD

M1993/003535/07

In Liquidation

19 Years 7 Months

0

Yes

 

BLOXWICH TOOL AND DIE (PTY)LTD

M1998/024894/07

Deregistration Final

14 Years 2 Months

0

No

 

 

Principal's Deeds Information - No information on record

 

Principal - 7of 8 MICHELENE MICHELENE LOCKE

 

Surname

MICHELENE LOCKE

First Name

MICHELENE

Other Names

None

Marital Status

Married

ID Number

6305100193082

Verified ID Number

Yes

Current Age

49

Designation

Director

Status

Active

Appointment Date

1993/01/31

Physical Address (at time of Appointment)

33 WASHINGTON DRIVE, LA LUCIA GARDENS, LA LUCIA, 4051

Postal Address

P O BOX 120, MANDENI, 3600

Current Tel Number

0315793941

Cell number

0836533000

Shareholding/Membership

0.0000

 

Adverse Information for MICHELENE MICHELENE LOCKE

 

Principal Judgment

Number of Judgements                           0

 

Principal Debt Review

Debt review                                            No Information on Record

 

Other

Default data                                           No Information on Record

 

Business Information for MICHELENE MICHELENE LOCKE

 

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

ISITHEBE CONTRACTING SERVICES CC

B2001/004049/23

In Business

11 Years 11 Months

0

No

 

ITB

AAANUFACTURING (PTY) LTD

M1983/010608/07

In Business

29 Years 5 Months

0

No

 

MONOSPEC (PTY) LTD

M2007/018854/07

In Business

5 Years 5 Months

0

No

 

 

Principal - 8of 8 TIMOTHY STEWART

 

Surname

STEWART

First Name

TIMOTHY

Other Names

None

Marital Status

Married

ID Number

5910095094087

Verified ID Number

Yes

Current Age

53

Designation

Director

Status

Active

Appointment Date

1986/07/02

Physical Address (at time of Appointment)

49 MONTGOMERY DRIVE, MOUNT EDTGECOMBE, 4300

Postal Address

P O BOX 120, MANDENI, 4491

Current Tel Number

0315793941

Cell number

0836261388

Shareholding/Membership

0.0000

Number of Judgements

0

 


Adverse Information for TIMOTHY STEWART

 

Principal Judgment

Number of Judgements                                                   0

 

Principal Debt Review

Debt review

No Information on Record

Other

Default data

No Information on Record

 

Business Information for TIMOTHY STEWART

 

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

THE PLASTICS FEDERATION OF SOUTH AFRICA

M1979/006067/08

In Business

33 Years 9 Months

0

No

 

PLASLOPE (PTY) LTD

M1981/004836/07

In Business

31 Years 7 Months

0

No

 

ITB

AAANUFACTURING (PTY) LTD

M1983/010608/07

In Business

29 Years 5 Months

0

No

 

MOLAKAI INVESTMENTS (PTY) LTD

M1997/011772/07

In Business

15 Years 3 Months

0

No

 

MONOSPEC (PTY) LTD

M2007/018854/07

In Business

5 Years 5 Months

0

No

 

NO PROBLEM MANUFACTURING (PTY) LTD

M2008/026726/07

In Business

4 Years 4 Months

0

No

 

 

Principal's Deeds Information - No information on record

 

Principal Previous Business Interests

 

Average Age of Previous Business                                   18 Years

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

NO PROBLEM MARKETING CC

B1989/024847/23

Deregistration Final

23 Years 11 Months

0

No

 

ROSATI

MANUFACTURING CC

B1999/022214/23

In Business

13 Years 1 Months

0

No

 


FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.54.56

UK Pound

1

Rs.87.46

Euro

1

Rs.71.08

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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.