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Report Date : |
28.12.2012 |
IDENTIFICATION DETAILS
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Name : |
BLUE ATLANTIC TRADING (PTY)LTD |
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Registered Office : |
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Country : |
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Date of Incorporation : |
13.03.1995 |
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Com. Reg. No.: |
M1995/002218/07 |
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Legal Form : |
Private Limited |
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Line of Business : |
Wholesale and retail markets |
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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 : |
Clears |
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 |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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 |
BLUE ATLANTIC TRADING (PTY)LTD |
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Country |
SOUTH AFRICA |
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Enquiry Terms |
D/A |
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Account Review |
Every 6 Months |
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Subject Contact person |
TERENCE COTTLE - DIRECTOR |
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Assessment |
On investigation we made contact with the subject and we were
referred to the Director MR. TERENCE COTTLE. MR. COTTLE requested that we send him a questionnaire. MR. COTTLE requested more time to complete the questionnaire. We still await further information on the subject. Please see available information on the subject below. |
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Company
Registered Name |
DELOITE AND TOUCHE |
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Trading
Name |
DELOITE AND TOUCHE |
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Registration
Number |
Unavailable |
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Physical
Address |
1ST Floor
The Square Cape quarter ext 27 Somerset Road GREENPOINT |
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Postal
Address |
PO Box 578 CAPE TOWN 8000 |
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Contact
Person |
MARK HOLMES |
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Contact
Number |
021 4275300 |
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Email |
Unavailable |
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Principals |
250 Partners
Countrywide |
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Judgements
Against Subject |
Unavailable |
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Judgements
Against Principals |
Unavailable |
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Subject
Verified as Client |
Yes |
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SAICA
number |
904899E |
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VAT
Number |
Unavailable |
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Tax
Number |
Unavailable |
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BEE
Status |
Level 2 |
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Financial
Year End |
May |
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Years
With Auditors |
1 |
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Website |
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Company Name |
Phone Number |
Time with previous auditors |
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JOSMAN AND SIDEL |
Unavailable |
16 Years |
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Vat
Number |
4770213777 |
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Status |
Active |
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Vat
Liable Date |
2004-09-20 |
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Tax
Number |
9740988036 |
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Tax
Clearance Expire Date |
Unavailable |
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Financial
Year End |
September |
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Status |
Unavailable |
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Score |
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Expire
Date |
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BEE
Certificate Available |
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Type
of ISO Grade |
Unavailable |
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ISO
Certificate |
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ISO
Certificate Available |
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Certified
by an Accredited Agent |
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Registered |
Unavailable |
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Compliance
Certified |
Unavailable |
Subsidiaries
|
Subsidiary Company |
Unavailable |
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Shareholding |
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Registration Number |
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Import / Export |
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Number of Employees |
Unavailable |
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Company Fleet |
No of vehicles: |
Owned/ Leased |
Value |
Outstanding Balance |
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Fleet Operations |
Unavailable |
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The Fleet is made up of |
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Offices |
Unavailable |
Head Office Owned/ Rented |
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Rental Company |
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Owned by |
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Value |
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Bond |
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Bank |
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Lease Agreement |
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Lease Expire Date |
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Type of Premises |
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Branches Names |
Country |
Province |
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Unavailable |
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Branches Owned/ Rented |
Unavailable |
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Rental Company |
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Owned |
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Value |
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Bank |
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Bond |
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Lease Agreement |
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Lease Expire Date |
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Type of Premises |
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Level |
Position |
Name |
|
Unavailable |
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Note: One level up and all levels down
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Holding |
Company |
Sub |
|
Unavailable |
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Company |
Value |
Contact |
|
Unavailable |
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Trade Reference nr |
Supplier |
Contact |
Surety Value |
Notarial Bonds |
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1 |
Unavailable |
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2 |
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3 |
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4 |
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5 |
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Trade References Detail
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Nr |
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
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1 |
Unavailable |
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2 |
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3 |
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4 |
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Judgements
|
Judgements |
None |
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Possible Judgements |
None |
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Civil Court |
None |
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RDs |
None |
Business Rescue
|
Date registered |
Business rescue practitioner |
Contact Information |
Details |
|
None |
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Default Listings
|
Date |
Details |
|
None |
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Notarial Bonds
|
Date |
Details |
|
None |
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Bank |
Unavailable |
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Branch |
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Bank Account Number |
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Type of Account |
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Account Name |
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Overdraft Facilities |
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Date Opened |
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Bank Code |
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Bank Comment |
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Bank Codes History
|
Date requested |
Bank Code |
Enquiry Amount |
Number of RD’s |
RD amount |
RD Date |
Bank Comments |
Years with bank |
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None |
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Previous Bank Accounts
|
Banker |
Branch Code |
Account Holder |
Account number |
Date opened |
Years with bank |
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None |
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Property Interests for Company
|
Title Deed No. |
None |
Erf/Site No. |
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Deeds Office |
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Physical Address |
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Property Type |
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Extent / Size |
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Purchase Date |
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Purchase price |
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% Ownership |
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Bond Holder |
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Bond Number |
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Bond Amount |
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Financial Estimates
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CURRENT ASSETS |
Unavailable |
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Stock |
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Debtors |
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FIXED ASSETS |
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Plant, Equipment, Vehicles |
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Property |
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CURRENT LIABILITIES |
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Creditors |
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Loans/ From? |
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LONG TERM LIABILITIES |
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Morgage Bonds |
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Previous Year Turnover |
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Estimated Current Year Turnover |
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Current Turnover per month |
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Current Turnover per annum |
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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 |
Principals
|
Number of Principals |
5 |
|
Average Age of Active Principals |
44 |
Active Principals
Principal 1 of 5: SIMONE
CHANTEL MARAIS
|
Surname |
MARAIS |
|
First Name |
SIMONE |
|
Other Names |
CHANTEL |
|
Marital Status |
Unavailable |
|
ID Number |
7208240146086 |
|
Verified ID Number |
No |
|
Current Age |
40 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2011-07-04 |
|
Physical Address (at time of Appointment) |
9th Floor
Oceana House 25 Jan Smuts Streets FORESHORE |
|
Postal Address |
PO Box 7206 Rogge Bay CAPE TOWN |
|
Current Tel Number |
021 6901400 |
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Cell number |
Unavailable |
|
Current Fax Number |
021 6901410 |
|
Current Email Address |
|
|
Shareholding |
Unavailable |
Adverse Information for:
SIMONE CHANTEL MARAIS
Judgement
|
Number of Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Business Information for:
SIMONE CHANTEL MARAIS
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
FROBISHER TRADING 75 CC |
2011/072490/23 |
In Business |
1 Years 2 Months |
0 |
No |
|
OCEANA GROUP LTD |
M1939/001730/06 |
In Business |
73 Years |
0 |
No |
|
OCEANA LOBSTER LTD |
M1944/018288/06 |
In Business |
67 Years 7 Months |
0 |
No |
|
COMMERCIAL COLD STORAGE GROUP LTD |
M1946/021714/06 |
In Business |
66 Years 2 Months |
0 |
No |
|
OCEANA BRANDS LTD |
M1946/022718/06 |
In Business |
65 Years 11 Months |
0 |
No |
|
Average Age of Previous Business Interests |
54 Years |
Previous Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
CHEVRON SOUTH AFRICA (PTY)LTD |
M1911/001154/07 |
In Business |
101 Years 2 Months |
0 |
No |
|
CHEVRON AFRICA – PAKISTAN
SERVICES (PTY)LTD |
M2004/019993/07 |
In Business |
8 Years |
0 |
No |
Deeds Information
Property Interests for: SIMONE
CHANTEL MARAIS
|
Title Deed No. |
None |
Erf/Site No. |
|
|
Deeds Office |
|
Physical Address |
|
|
Property Type |
|
Extent / Size |
|
|
Purchase Date |
|
Purchase price |
|
|
% Ownership |
|
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
|
Principal 2 of 5: TERENCE COTTLE
|
Surname |
COTTLE |
|
First Name |
TERENCE |
|
Other Names |
None |
|
Marital Status |
Unavailable |
|
ID Number |
6809285136089 |
|
Verified ID Number |
Yes |
|
Current Age |
44 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2011-01-25 |
|
Physical Address (at time of Appointment) |
3 Watsoniast TYGERDAL 7460 |
|
Postal Address |
PO Box 42891 OTTERY 7808 |
|
Current Tel Number |
021 6901400 |
|
Cell number |
082 4189698 |
|
Current Fax Number |
021 6901410 |
|
Current Email Address |
|
|
Shareholding |
Unavailable |
Adverse Information for: TERENCE COTTLE
Judgement
|
Number of Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Business Information for: TERENCE COTTLE
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
BLUE ATLANTIC TRADING (PTY)LTD |
M1995/002218/07 |
In Business |
17 Years 4 Months |
0 |
No |
Previous Business Interests
|
Average Age of Previous Business Interests |
None |
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
None |
|
|
|
|
|
Deeds Information
Property Interests for: TERENCE COTTLE
|
Title Deed No. |
None |
Erf/Site No. |
|
|
Deeds Office |
|
Physical Address |
|
|
Property Type |
|
Extent / Size |
|
|
Purchase Date |
|
Purchase price |
|
|
% Ownership |
|
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
|
Principal 3 of 5: RODNEY NICOL
|
Surname |
NICOL |
|
First Name |
RODNEY |
|
Other Names |
None |
|
Marital Status |
Unavailable |
|
ID Number |
5505085003088 |
|
Verified ID Number |
Yes |
|
Current Age |
57 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2005-04-18 |
|
Physical Address (at time of Appointment) |
15 Constantia Road CONSTANTIA |
|
Postal Address |
PO Box 42891 OTTERY 7808 |
|
Current Tel Number |
0217947165 |
|
Cell number |
0825533559 |
|
Current Fax Number |
021 6901410 |
|
Current Email Address |
|
|
Shareholding |
Unavailable |
Adverse Information for:
RODNEY NICOL
Judgement
|
Number of Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Business Information for:
RODNEY NICOL
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
LAMBERTS BAY FOODS (PTY)LTD |
1995/004296/07 |
Deregistration
Process |
17 Years 2 Months |
0 |
No |
|
OCEANA SPV (PTY)LTD |
2006/001050/07 |
In Business |
6 Years 6 Months |
0 |
No |
|
OCEANA GROUP LTD |
M1939/001730/06 |
In Business |
73 Years |
0 |
No |
|
COMMERCIAL COLD
STORAGE GROUP LTD |
M1946/021714/06 |
In Business |
66 Years 2 Months |
0 |
No |
|
COMMERCIAL COLD
STORAGE (PTY)LTD |
M1971/008523/07 |
In Business |
41 Years |
0 |
No |
Previous Business Interests
|
Average Age of Previous Business Interests |
71 Years |
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
NORTH BAY FISHING COMPANY LTD |
1913/001273/06 |
Deregistration
Process |
99 Years 6 Months |
0 |
No |
|
NAMAQUA FISHING
COMPANY LTD |
1925/002776/06 |
Deregistration
Process |
87 Years |
0 |
No |
|
COAST TRADING COMPANY (PTY)LTD |
1949/035011/07 |
Deregistration
Process |
62 Years 9 Months |
0 |
No |
|
SANDY POINT CANNING COMPANY LTD |
1952/000879/06 |
Deregistration Final |
60 Years 4 Months |
0 |
No |
|
SUNGLADE HOLDINGS (PTY)LTD |
1963/002910/07 |
Deregistration Final |
49 Years 1 Months |
0 |
No |
Deeds Information
Property Interests for: RODNEY
NICOL
|
Title Deed No. |
None |
Erf/Site No. |
|
|
Deeds Office |
|
Physical Address |
|
|
Property Type |
|
Extent / Size |
|
|
Purchase Date |
|
Purchase price |
|
|
% Ownership |
|
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
|
Principal 4 of 5: PATRICK
BURTON
|
Surname |
BURTON |
|
First Name |
PATRICK |
|
Other Names |
None |
|
Marital Status |
Unavailable |
|
ID Number |
5212185143084 |
|
Verified ID Number |
Yes |
|
Current Age |
60 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2004-07-07 |
|
Physical Address (at time of Appointment) |
1 Riverton Road RONDEBOSCH |
|
Postal Address |
PO Box 32020 OTTERY 7808 |
|
Current Tel Number |
021 6919952 |
|
Cell number |
0832311429 |
|
Current Fax Number |
021 6901410 |
|
Current Email Address |
|
|
Shareholding |
Unavailable |
Adverse Information for:
PATRICK BURTON
Judgement
|
Number of Judgements |
None |
Debt Review
|
Debt review |
None |
|
Default data |
None |
Business Information for:
PATRICK BURTON
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
SNOEK WHOLESALERS (PTY)LTD |
1964/008906/07 |
In Business |
47 Years 8 Months |
0 |
No |
|
GOURMET FISH PRODUCTS |
1968/001448/07 |
In Business |
44 Years 5 Months |
0 |
No |
|
SANBOURNE INVESTMENTS
CC |
1990/019766/23 |
In Business |
22 Years 1 Months |
0 |
No |
|
TALHADO FISHING ENTERPRISES (PTY)LTD |
1992/005077/07 |
In Business |
19 Years 10 Months |
0 |
No |
|
RGS FISHING CC |
1995/002787/23 |
In Business |
17 Years 6 Months |
0 |
No |
Previous Business Interests
|
Average Age of Previous Business Interests |
36 Years |
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
JOHNNIC HOLDINGS LTD |
1889/000429/06 |
In Business |
122 Years 10 Months |
0 |
No |
|
SOUTH CAPE OYSTERS (PTY)LTD |
1995/002582/07 |
In Business |
17 Years 4 Months |
0 |
No |
|
SINIB INVESTMENTS
HOLDING (PTY)LTD |
1996/003342/07 |
Deregistration Final |
16 Years 4 Months |
0 |
No |
|
CHAMPAGNE OYSTER BAR
CC |
1997/001278/23 |
Deregistration Final |
15 Years 6 Months |
0 |
No |
|
SAGITTARIUS FISHERIES (PTY)LTD |
1999/026265/07 |
In Business |
12 Years 8 Months |
0 |
No |
Deeds Information
Property Interests for:
PATRICK BURTON
|
Title Deed No. |
T76316/2003 |
Erf/Site No. |
|
|
Deeds Office |
CAPE TOWN |
Physical Address |
3 ST JULIAN SUNNYSIDE
ATHLONE |
|
Property Type |
Freehold / Ervin |
Extent / Size |
385.0SQM |
|
Purchase Date |
2003-06-23 |
Purchase price |
R 164 000 |
|
% Ownership |
|
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
|
|
Title Deed No. |
T42332/2001 |
Erf/Site No. |
|
|
Deeds Office |
CAPE TOWN |
Physical Address |
11A RIVERTON
RONDEBOSCH SOUTHERN SUBURBS |
|
Property Type |
Freehold / Ervin |
Extent / Size |
750.0SQM |
|
Purchase Date |
2001-03-15 |
Purchase price |
R 470 000 |
|
% Ownership |
|
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
|
Principal 5 of 5: BERNARD ZIVE
|
Surname |
ZIVE |
|
First Name |
BERNARD |
|
Other Names |
None |
|
Marital Status |
Married |
|
ID Number |
5001125029002 |
|
Verified ID Number |
Yes |
|
Current Age |
62 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
1995-03-15 |
|
Physical Address (at time of Appointment) |
8L The Breakers 100 Bay Road MOUILLE POINT |
|
Postal Address |
Landsdowne Road PHILIPPI 7780 |
|
Current Tel Number |
021 4919950 |
|
Cell number |
083 2796234 |
|
Current Fax Number |
021 6901410 |
|
Current Email Address |
|
|
Shareholding |
Unavailable |
Adverse Information for:
BERNARD ZIVE
Judgement
|
Number of Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Business Information for:
BERNARD ZIVE
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
SNOEK WHOLESALERS (PTY)LTD |
1964/008906/07 |
In Business |
47 Years 8 Months |
0 |
No |
|
RALBERSTAN INV
(PTY)LTD |
1966/009158/07 |
In Business |
45 Years 9 Months |
0 |
No |
|
GOURMET FISH PRODUCTS (PTY)LTD |
1968/001448/07 |
In Business |
44 Years 5 Months |
0 |
No |
|
SOUTH CAPE OYSTERS CC |
1985/007029/23 |
Deregistration
Process |
27 Years 1 Months |
0 |
No |
|
WILLOW SPRINGS
POULTRY (PTY)LTD |
1990/006008/07 |
In Business |
21 Years 9 Months |
0 |
No |
Previous Business Interests
|
Average Age of Previous Business Interests |
12 Years |
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
SOUTH CAPE OYSTERS (PTY)LTD |
1995/002582/07 |
In Business |
17 Years 4 Months |
0 |
No |
|
GEORGE QINGA AND ASSOCIATES CC |
1997/003514/23 |
Deregistration Final |
15 Years 6 Months |
0 |
No |
|
HILDALON PROPERTY INVESTMENTS (PTY)LTD |
1997/009273/07 |
Deregistration Final |
15 Years 1 Months |
0 |
No |
|
ROBBERG SEA FREEZE (PTY)LTD |
M1997/004814/07 |
In Business |
15 Years 3 Months |
0 |
No |
Deeds Information
Property Interests for:
BERNARD ZIVE
|
Title Deed No. |
T13323/2009 |
Erf/Site No. |
|
|
Deeds Office |
CAPE TOWN |
Physical Address |
9 LE SUEUR FRESNAYE
CAPE TOWN |
|
Property Type |
Freehold / Ervin |
Extent / Size |
892.0SQM |
|
Purchase Date |
2008-09-12 |
Purchase price |
R 5 700 000 |
|
% Ownership |
|
Bond Holder |
INVESTEC BANK LTD |
|
Bond Number |
B84292009 |
Bond Amount |
R 5 700 000 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.84 |
|
|
1 |
Rs.88.54 |
|
Euro |
1 |
Rs.72.63 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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.