|
Report Date : |
20.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
LONG RUN LABEL (PTY) LTD |
|
|
|
|
Registered Office : |
Unit No 3, Kings Court, 56 Mineral Crescent, Crown Industria Ext 3,
2091 |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
16.02.2010 |
|
|
|
|
Com. Reg. No.: |
2010/023431/07 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Manufacturer of Labels |
|
|
|
|
No. of Employees : |
74 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 Unemployment remains high and outdated infrastructure has constrained growth.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 |
LONG RUN LABEL (PTY)LTD |
|
Country |
South Africa |
|
Subject Contact Person |
HANNETJ IE MEYER - 0118377767 |
|
Assessment |
On investigation contact was made with HANNETJIE MEYER the financial manager who assisted with the information. This is a well established company. The subject is meeting commitments timeously with it's suppliers. A bank code C was obtained for an amount of R 2 000 000 over a period of 30 days. Please see the available information for the subject below. |
|
Registered Name |
LONG RUN LABEL (PTY) LTD |
|
Trading as/ Division Name |
None |
|
Registration Number |
2010/023431/07 |
|
Registration Date |
2010/02/16 |
|
Age of Business |
2 Years 10 Months |
|
Shareholders/Members/Partners of subject and % holding |
25 % - TERESA ADINOLFI, 75 % - LLEWELLYN
JAMI BARNARD |
|
Authorised Share Capital |
R1000.00 |
|
Issued Share Capital/Members Contribution |
R 100.00 |
|
Status |
Conversion CO/CC or CC/CO |
|
Operations Assessment |
Manufacture Labels |
|
Industry/ Customers |
Client Group, Tiger Label for Paper etc. |
|
Export |
Yes |
|
Export Countries |
India |
|
Major Industry Code / SICC |
32399 |
|
Definition of Code |
Other paper products |
|
Head Office Physical Address |
UNIT NO 3, KINGS COURT, 56 MINERAL CRESCENT, CROWN INDUSTRIA EXT 3,
2091 |
|
Head Office Postal Address |
P 0 BOX 1445, CROWN MINES, 2025 |
|
Current Tel Number |
0118377767 |
|
Cell Number |
Unavailable |
|
Current Fax Number |
0118375339 |
|
Current Email Address |
|
|
Web Site Address |
None |
|
Company Registered Name |
BOAKE INC |
|
Trading Name |
None |
|
Registration Number |
M1994/010237/21 |
|
Physical Address |
10 BRADFORD ROAD, BEDFORDVIEW, 2007 |
|
Postal Address |
P O BOX 751210, GARDENVIEW, 2047 |
|
Contact Person |
ALBERT RICARDI |
|
Contact Number |
0114799299 |
|
Principals |
5 |
|
Judgements Against Subject |
None |
|
Judgements Against Principals |
None |
|
Subject Verified as Client |
Yes |
|
Practice Number |
954276 |
|
VAT Number |
4710146756 |
|
Tax Number |
9085825843 |
|
BEE Status |
None |
|
Financial Year End |
February |
|
No of years in Business |
Unknown |
|
Website |
Previous Auditors
Information - No Information on Record
|
Vat Number |
4900194459 |
|
Status |
ACTIVE |
|
Vat Liable Date |
2001/06/01 |
|
Tax Number |
9721054147 |
|
Tax Clearance Expire Date |
2013/03/29 |
|
Financial Year End |
June |
Black Economic Empowerment
|
Status |
Yes |
|
Score |
4.00 |
|
BEE Certificate Available |
Yes |
ISO Information - No Information on Record
Workman's compensation
|
Registered |
Yes |
|
Compliance Certified |
Yes |
|
Comment |
|
Subsidiaries
Information - No Information on Record
|
Employees |
||||
|
Number of Employees |
74 |
|||
|
1. Salaried employees |
74 |
|||
|
Company Fleet |
||||
|
Company Fleet |
No of vehicles: |
Owned/Leased |
Value |
Outstanding Balance |
|
Fleet Operations |
|
|
|
|
|
The Fleet is made up of |
2 |
|||
|
Comment |
|
|||
|
Light delivery Vehicles |
2 |
Leased |
|
|
|
Offices |
Offices |
|||
|
Head Office Owned/ Rented |
Leased |
|||
|
Rental Company |
BUSINESS PARTNER LTD |
|||
|
Type of Premises |
OFFICES |
|||
Branch Information - No Information on Record
Organisation Chart
|
Level |
Position |
Name |
Comment |
|
|
|||
|
1 |
DIRECTOR |
DALE HILLARY |
|
|
|
|||
|
1 |
DIRECTOR |
YVONNE FINCH |
|
|
|
|||
|
1 |
DIRECTOR |
JAMI LLEWELLYN BARNARD |
|
|
|
|||
|
1 |
DIRECTOR |
TERESA ADINOLFI |
|
Company Structure
(Ownership)
Note: One level up and
all levels down
|
Holding |
Company |
Sub |
Comment |
|
25% - TERESA ADINOLFI |
LONG RUN LABEL (PTY) LTD |
|
|
|
75 % - LLEWELLYN
JAMI BARNARD |
LONG RUN LABEL (PTY) LTD |
|
|
Key Deals - No
Information on Record
|
Trade Reference
nr |
Supplier |
Contact |
Surety
Value |
Notarial Bonds |
Comment |
|
1 |
EASY TAKES |
0119750530 |
|
|
|
|
2 |
HENKEL |
0116172400 |
|
|
|
|
3 |
TIGER LABEL COURT |
0114215503 |
|
|
|
Trade References
Detail
|
Nr |
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
|
1 |
6 Years |
R 2000000.00 |
R1500000 |
30 Days |
R1000000 |
30 Days |
Excellent |
|
2 |
8 Years |
|
|
30 Days |
|
30 Days |
This is an
excellent account - Figures are deemed confidential. |
|
3 |
0 |
|
|
|
|
|
The supplier
does not give trade references. |
Judgements - No information on record
Business Rescue - No Information on Record
Default Listing - No information on record
Notarial Bonds - No information on record
|
Bank |
STANDARD BANK |
|
Branch |
PARKTOWN |
|
Brach Code |
051001 |
|
Bank Account Number |
200457977 |
|
Type of Account |
CURRENT |
|
Account Name |
LONG RUN LABEL (PTY) LTD |
|
Overdraft Facilities |
YES |
|
Bank Code |
C For R 2 000 000 |
|
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
|
Current Turnover per month |
R 66000000.00 |
|
Current Turnover per annum |
R 5500000.00 |
|
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 |
4 |
|
Average Age of Active Principals |
59 |
Active Principals Principal - 1of 4 DALE HILLARY
|
Surname |
HILLARY |
|
First Name |
DALE |
|
Marital Status |
Married |
|
ID Number |
4006055045085 |
|
Verified ID Number |
Yes |
|
Current Age |
72 |
|
Designation |
DIRECTOR |
|
Status |
Active |
|
Appointment Date |
2012/05/29 |
|
Physical Address (at time of Appointment) |
498 WATERFALL HILLS, MAXWELL DRIVE, SUNNINGHILL, 2157 |
|
Postal Address |
498 WATERFALL HILLS, MAXWELL DRIVE, MAXWELL DRIVE, SUNNINGHILL, 2157 |
|
Current Tel Number |
0112348604 |
|
Cell number |
0828001806 |
|
Shareholding/Membership |
0.0000 |
Principal's Adverse -
No information on record
Business Information
for DALE HILLARY
Principal Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
EVEREST BUSINESS SERVICES |
4006055045085 |
|
Unknown |
0 |
No |
|
|
LONG RUN LABEL CC |
B2001/009390/23 |
Conversion CO/CC or CC/CO |
11 Years 11 Months |
0 |
No |
|
|
VILLA MEZZO RESIDENTS ASSOCIATION |
M2000/022471/08 |
In Business |
0 |
0 |
No |
|
|
VOMAK INDUSTRIES (PTY) LTD |
M2005/010688/07 |
In Business |
7 Years 7 Months |
0 |
No |
|
Principal Previous Business Interests
Average Age of Previous Business 24 Years
|
Company
Name |
Registration
No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
CULLINAN
INDUSTRIAL PORCELAIN (PTY)LTD |
M1970/014121/07 |
Voluntary Liquidation |
42 Years 6 Months |
1 |
Yes |
|
|
HUDACO ALLOYS (PTY) LTD |
M1973/008050/07 |
Deregistration Final |
39 Years 3 Months |
0 |
No |
|
|
CORTICS LTD |
M1981/004044/06 |
Deregistration Final |
31 Years 7 Months |
0 |
No |
|
|
TRADEVEST (PTY)LTD |
M1981/005123/07 |
Deregistration Final |
31 Years 7 Months |
0 |
No |
|
|
HUDACO CONSTRUCTION (PTY) LTD |
M1982/060129/07 |
Deregistration Final |
30 Years 6 Months |
0 |
No |
|
|
EVEREST BUSINESS SERVICES (PTY)LTD |
M1996/014617/07 |
Deregistration Final |
16 Years 4 Months |
0 |
No |
|
|
MASS EDUCATION (PTY) LTD |
M1997/009191/07 |
Deregistration Final |
15 Years 3 Months |
0 |
No |
|
|
THE CHANGE PARTNERS (PTY)LTD |
M1998/004912/07 |
In Business |
14 Years 2 Months |
0 |
No |
|
|
MCLAVERTY PROPERTIES (PTY)LTD |
M1999/020759/07 |
Deregistration Final |
13 Years 1 Months |
0 |
No |
|
|
EDUPLUS |
M2000/021203/08 |
Deregistration Final |
|
0 |
No |
|
Principal's Deeds Information - No information on record
Principal - 2of 4
YVONNE FINCH
|
Surname |
FINCH |
|
First Name |
YVONNE |
|
Other Names |
|
|
Marital Status |
Married |
|
ID Number |
4612110126081 |
|
Verified ID Number |
Yes |
|
Current Age |
66 |
|
Designation |
DIRECTOR |
|
Status |
Active |
|
Appointment Date |
2012/05/29 |
|
Physical Address (at time of Appointment) |
11 CENTURY PLACE, CENTURY CITY, WESTERN CAPE, 7446 |
|
Postal Address |
11 CENTURY PLACE, CENTURY CITY, WESTERN CAPE, 7446 |
|
Current Tel Number |
0118377767 |
|
Shareholding/Membership |
0.0000 |
Principal's Adverse -
No information on record
Business Information
for YVONNE FINCH
Principal Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
YVONNE FINCH CONSULTING CC |
2007/212060/23 |
In Business |
5 Years 5 Months |
0 |
No |
|
|
LONG RUN LABEL CC |
B2001/009390/23 |
Conversion CO/CC or CC/CO |
11 Years 11 Months |
0 |
No |
|
|
AAARADADI HANDICRAFT DEVELOPMENT CORPORATION |
M1998/017462/08 |
In Business |
14 Years 2 Months |
0 |
No |
|
|
PETANQUE CONSULTANCY (PTY) LTD |
M2002/004144/07 |
In Business |
10 Years 10 Months |
0 |
No |
|
|
SILVER MOON TRADING 5 (PTY) LTD |
M2003/008301/07 |
In Business |
9 Years 9 Months |
0 |
No |
|
|
SIRDAR SOUTH AFRICA (PTY)LTD |
M2003/021640/07 |
In Business |
9 Years 9 Months |
0 |
No |
|
|
SIRDAR SOUTH AFRICA GROUP (PTY) LTD |
M2008/024163/07 |
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 |
|
EVEOLOGY NETWORK (PTY) LTD |
M1992/001149/07 |
Dissolved |
20 Years 8 Months |
1 |
No |
|
|
HAIR AND FOIL (PTY) LTD |
M1999/012723/07 |
Conversion CO/CC
or CC/CO |
13 Years 1 Months |
0 |
No |
|
Principal's Deeds
Information - No information on record
Principal - 3of 4
LLEWELLYN JAMI LLEWELLYN BARNARD
|
Surname |
LLEWELLYN BARNARD |
|
First Name |
LLEWELLYN JAMI |
|
Marital Status |
Married |
|
ID Number |
5601055179089 |
|
Verified ID Number |
Yes |
|
Current Age |
56 |
|
Designation |
DIRECTOR |
|
Status |
Active |
|
Appointment Date |
2010/12/03 |
|
Physical Address (at time of Appointment) |
7 ASHFORD ROAD, PARKWOOD, 2193 |
|
Postal Address |
7 ASHFORD ROAD, PARKWOOD, 2193 |
|
Current Tel Number |
0118377767 |
|
Cell number |
0825544050 |
|
Shareholding/Membership |
75% |
Principal's Adverse - No information on record
Business Information
for LLEWELLYN JAMI LLEWELLYN BARNARD
Principal Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
LONG RUN LABEL CC |
2001/009390/23 |
In Business |
11 Years 11 Months |
0 |
No |
|
|
JOLLY MON PROMOTIONS CC |
B1988/021171/23 |
In Business |
0 |
0 |
No |
|
|
LONG RUN LABEL CC |
B2001/009390/23 |
Conversion CO/CC or CC/CO |
11 Years 11 Months |
0 |
No |
|
Principal Previous Business Interests
Average Age of Previous Business 20 Years
|
Company
Name |
Registration
No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
DKLP PROPERTIES CC |
B1991/006304/23 |
Deregistration Final |
21 Years 9 Months |
0 |
No |
|
|
FLAG LAND CC |
B1995/012604/23 |
Deregistration Final |
17 Years 5 Months |
0 |
No |
|
|
GAUTENG CRICKET BOARD |
M1977/002554/08 |
In Business |
35 Years 11 Months |
0 |
No |
|
|
GAUTENG CRICKET BOARD |
M2003/015336/08 |
Deregistration Final |
9 Years 9 Months |
0 |
No |
|
Principal's Deeds
Information - No information on record
Principal - 4of 4
TERESA ADINOLFI
|
Surname |
ADINOLFI |
|
First Name |
TERESA |
|
Marital Status |
Married |
|
ID Number |
7001060013084 |
|
Verified ID Number |
Yes |
|
Current Age |
42 |
|
Designation |
BUSINESS EXECUTIVE |
|
Status |
Active |
|
Appointment Date |
2010/12/03 |
|
Physical Address (at time of Appointment) |
UNIT 3 NO 2 HUME ROAD, DUNKELD WEST, 2196 |
|
Postal Address |
P O BOX 1172, HALFWAY HOUSE, 1685 |
|
Current Tel Number |
0118377767 |
|
Shareholding/Membership |
25% |
Principal's Adverse -
No information on record
Business Information
for TERESA ADINOLFI
Principal Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
LONG RUN LABEL CC |
2001/009390/23 |
In Business |
11 Years 11 Months |
0 |
No |
|
|
JOLLY MON PROMOTIONS CC |
B1988/021171/23 |
In Business |
0 |
0 |
No |
|
|
RANDJIES MOTORS CC |
B1995/010870/23 |
In Business |
17 Years 5 Months |
0 |
No |
|
|
LONG RUN LABEL CC |
B2001/009390/23 |
Conversion CO/CC or CC/CO |
11 Years 11 Months |
0 |
No |
|
Principal Previous Business Interests
Average Age of Previous Business 12 Years
|
Company
Name |
Registration
No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
TERSER TRADING CC |
B1997/051127/23 |
Deregistration Final |
15 Years 3 Months |
0 |
No |
|
|
SWITHOMBE CREATIONS CC |
B2002/098718/23 |
Deregistration Final |
10 Years 10 Months |
0 |
No |
|
Principal's Deeds
Information - No information on record
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.74 |
|
UK Pound |
1 |
Rs.89.02 |
|
Euro |
1 |
Rs.72.48 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.