|
Report Date : |
04.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
INDUSTRIAL PAPER AGENCIES
(PTY)LTD |
|
|
|
|
Registered Office : |
33A
Peter Place, Lyme Park, Sandton |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
06.08.1982 |
|
|
|
|
Reg. No.: |
M1982/007353/07 |
|
|
|
|
Legal Form : |
Private Limited |
|
|
|
|
Line of Business : |
Manufacture
of paper |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
|
|
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 Unemployment remains high and outdated infrastructure has constrained growth.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 |
INDUSTRIAL
PAPER AGENCIES (PTY)LTD |
|
Country |
South
Africa |
|
Subject
Contact Person |
WENDY
CEAL - FINANCIAL AAANAGER |
|
Assessment |
On
investigation we made contact with the subject and we were referred to the financial
manager MRS. WENDY CEAL who declined to assist with any information for the
subject. MRS. CEAL stated that the subject does not have any credit dealings
within INDIA and requested that we get her the name of the principal enquirer
before she may divulge any information. Please see the available information
on the subject below. |
|
Registered
Name |
INDUSTRIAL
PAPER AGENCIES (PTY)LTD |
|
Registration
Number |
M1982/007353/07 |
|
Registration
Date |
1982/08/06 |
|
Date Commenced
Trading |
1982-08-06 |
|
Age of
Business |
30 Years
3 Months |
|
History
of Business |
The
subject started out as a new business in 1982 |
|
History
of Principals |
There
are currently 2 active directors within the company. |
|
Authorised
Share Capital |
R0.00 |
|
Issued
Share Capital/Members Contribution |
R0.00 |
|
Status |
In
Business |
|
Operations
Assessment |
Manufacture
of paper |
|
Industry/
Customers |
Corporate
companies |
|
Major
Industry Code / SICC |
32310 |
|
Definition
of Code |
Manufacture
of pulp, paper and paperboard |
|
Head
Office Physical Address |
33A
Peter Place, LYME PARK, SANDTON |
|
Head
Office Postal Address |
98037
SLOAN PARK, SANDTON, 2152 |
|
Current
Tel Number |
0114632256 |
|
Company
Registered Name |
HARRIS
DOWDEN AND FONTEINE |
|
Registration
Number |
PARTNERSHIP |
|
Physical
Address |
7 Pam
Rd, Morningside, Sandton, 2199 |
|
Postal
Address |
PO Box
651129, Benmore, Sandton, 2010 |
|
Contact
Person |
BRAIN
DOWDEN |
|
Contact Number |
0118847373 |
|
Email |
|
|
Principals |
3 |
|
Subject
Verified as Client |
Yes |
|
Practice
Number |
943703 |
|
VAT
Number |
4460135777 |
|
Financial
Year End |
February |
|
No of
years in Business |
19 |
Previous
Auditors Information - No Information on Record
|
Vat
Number |
4250105063 |
|
Status |
ACTIVE |
|
Vat
Liable Date |
1991/09/30 |
|
Tax
Number |
9293093846 |
|
Financial
Year End |
February |
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
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
BusinessRescue
- No Information on Record
Judgements
- 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 |
64 |
|
Active
Principals Principal - 1of 2 JOHN CHAPMAN |
|
|
Surname |
CHAPMAN |
|
First
Name |
JOHN |
|
Other
Names |
None |
|
Marital
Status |
Married |
|
ID
Number |
5504225129002 |
|
Verified
ID Number |
Yes |
|
Current
Age |
57 |
|
Designation |
SALESMAN |
|
Status |
Active |
|
Appointment
Date |
1994/03/01 |
|
Physical
Address (at time of Appointment) |
4 TREK
ROAD, HIGGOVALE, CAPETOWN, 8001 |
|
Postal
Address |
P 0 BOX
98037, SLOANE PARK, 2196 |
|
Current
Tel Number |
0214224652 |
|
Cell
number |
0824534769 |
|
Shareholding/Membership |
0.0000 |
Principal's
Adverse - No information on record
Business
Information forJOHN CHAPMAN
Principal
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
EDGEPRO
NATAL (PTY) LTD |
M2007/004679/07 |
In
Business |
5 Years
5 Months |
0 |
No |
|
|
SOUTHERN
TIDES (PTY) LTD |
M2005/021918/07 |
In
Business |
7 Years
7 Months |
0 |
No |
|
|
MILYVER
SOUTH AFRICA (PTY)LTD |
M1993/006725/07 |
In
Business |
19 Years
7 Months |
0 |
No |
|
|
INDUSTRIAL
PAPER AGENCIES (PTY) LTD |
M1982/007353/07 |
In
Business |
30 Years
6 Months |
0 |
No |
|
|
1 P A
LYME PARK PROPERTIES CC |
B2001/075098/23 |
In
Business |
11 Years
11 Months |
0 |
No |
|
|
1 P A
PROPERTIES CC |
B1995/026444/23 |
In
Business |
17 Years
5 Months |
0 |
No |
|
|
1P A
GLOBAL HOLDINGS (PTY) LTD |
2006/024645/07 |
In
Business |
6 Years
6 Months |
0 |
No |
|
Principal's
Deeds Information - No information on record
Principal
Previous Business Interests
Average
Age of Previous Business 15
Years
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
SALLY
M DESIGNS CC |
B1991/005507/23 |
In
Business |
21
Years 9 Months |
0 |
No |
|
|
KOHLER
PAPER MERCHANTING HOLDINGS LTD |
M1905/000683/06 |
Deregistration
Final |
107 Years 11
Months |
0 |
No |
|
Principal
- 2of 2 JEREMTY DANIELS
|
Surname |
DANIELS |
|
First
Name |
JEREMTY |
|
Other
Names |
None |
|
Marital
Status |
Married |
|
ID
Number |
4003105054100 |
|
Verified
ID Number |
Yes |
|
Current
Age |
72 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment
Date |
1983/07/08 |
|
Physical
Address (at time of Appointment) |
33A -
13TH AVENUE, PARKTOWN NORTH, 2193 |
|
Postal
Address |
P 0 BOX 98037,
SLOANE PARK, 2191 |
|
Current
Tel Number |
0114632256 |
|
Cell
number |
0824534770 |
|
Shareholding/Membership |
0.0000 |
Principal's
Adverse - No information on record
Business Information
forJEREMTY DANIELS Principal Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
EDGEPRO
NATAL (PTY) LTD |
M2007/004679/07 |
In
Business |
5 Years
5 Months |
0 |
No |
|
|
SOUTHERN
TIDES (PTY) LTD |
M2005/021918/07 |
In
Business |
7 Years
7 Months |
0 |
No |
|
|
MILYVER
SOUTH AFRICA (PTY)LTD |
M1993/006725/07 |
In
Business |
19 Years
7 Months |
0 |
No |
|
|
INDUSTRIAL
PAPER AGENCIES (PTY) LTD |
M1982/007353/07 |
In Business |
30 Years
6 Months |
0 |
No |
|
|
1 P A
LYME PARK PROPERTIES CC |
B2001/075098/23 |
In
Business |
11 Years
11 Months |
0 |
No |
|
|
1 P A
PROPERTIES CC |
B1995/026444/23 |
In
Business |
17 Years
5 Months |
0 |
No |
|
|
1P A GLOBAL
HOLDINGS (PTY) LTD |
2006/024645/07 |
In
Business |
6 Years
6 Months |
0 |
No |
|
Principal's
Deeds Information - No information on record
Principal
Previous Business Interests
Average
Age of Previous Business 15
Years
|
Company
Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
CHEEFPROPS 1027 CC |
B1996/037824/23 |
Deregistration
Final |
16 Years 4 Months |
0 |
No |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.56 |
|
|
1 |
Rs.87.45 |
|
Euro |
1 |
Rs.71.08 |
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.