MIRA
INFORM REPORT
|
Report Date : |
25.01.2012 |
IDENTIFICATION DETAILS
|
Name : |
NATURAL HERBS AND SPICES CC |
|
|
|
|
Registered Office : |
The Pinnacle Fifth Floor Corner Strand/Burg Street Cape Town 8001 |
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|
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|
Country : |
South Africa |
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|
Date of Incorporation : |
14.09.1994 |
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|
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|
Com. Reg. No.: |
B1994/029528/23 |
|
|
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|
Legal Form : |
Close Corporation |
|
|
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|
Line of Business : |
Manufacture of spices, condiments, vinegar, yeast, egg products, soups and other food products |
|
|
|
|
No. of Employees : |
30 |
RATING & COMMENTS
|
MIRAs 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 September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
South Africa |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
|
|
Assessment
This is an established family owned business meeting its obtainable commitment timeously.
In view of the absence of financial information and a full payment trend, we are not in a position to recommend a maximum figure.
A bank code C was obtained for the amount of R200 000 over 30 days.
Company Information
|
Registered Name |
NATURAL HERBS AND SPICES CC |
|
Trading as/ Division Name |
N PRODUCTS |
|
Previous Name |
CAPE ORSTRICH WHOLESALERS |
|
Date of Name Change |
2006-11-22 |
|
Registration Number |
B1994/029528/23 |
|
Registration Date |
1994-09-14 |
|
Date Commenced Trading |
1994-09-14 |
|
Age of Business |
17 Years 4 Months |
|
History of Business |
Trading since 1994 |
|
History of Principals |
None available |
|
Shareholders/Members/Partners of subject and % holding |
25% PAUL NEILL 25% GARY NEILL 25%BRUCE NEILL 25 %MARK NEILL |
|
Authorised Share Capital |
Unavailable |
|
Issued Share Capital/Members Contribution |
R100 |
|
Status |
This Business is Active |
|
Operations Assessment |
Import and manufacture of spices |
|
Industry/ Customers |
Retailers , wholesalers |
|
Export |
AUSTRILIA AND USA |
|
Major Industry Code / SICC |
30499 |
|
Definition of Code |
Manufacture of spices, condiments, vinegar, yeast, egg products, soups and other food products n.e.c. |
|
Head Office Physical Address |
The Pinnacle Fifth Floor Corner Strand/Burg Street CAPE TOWN 8001 |
|
Head Office Postal Address |
PO Box 1550 CAPE TOWN 8000 |
|
Spice Factory |
5 Rusper Road, Maitland 7405, South Africa |
|
Current Tel Number |
021 5114009 |
|
Cell number |
083 3568662 |
|
Current Fax Number |
021 5117514 |
|
Current Email Address |
christ@exim.com |
|
Web Site Address |
www.nproducts.co.za |
Auditors Information
|
Company Registered Name |
GRANT THORNTON |
|
Registration Number |
M2010/016204/21 |
|
Physical Address |
119 Hertog Street Bouloverd 8001 |
|
Postal Address |
PO Box 2275 CAPE TOWN 8000 |
|
Contact Person |
JACKIE BARNARD |
|
Contact Number |
021 4178800 |
|
Email |
|
|
Principals |
16 |
|
Judgements Against Subject |
None |
|
Judgements Against Principals |
None |
|
Subject Verified as Client |
Yes |
|
SAICA number |
925438E |
|
VAT Number |
4950256596 |
|
Tax Number |
9151210185 |
|
BEE Status |
Yes |
|
Financial Year End |
December |
|
Years With Auditors |
Unknown |
|
Website |
www.gt.co.za |
Previous Auditors
|
Company Name |
Phone Number |
Time with previous auditors |
|
GROVES WILDER
AND COMPANY |
|
18 Years |
|
HENRY CHARLES
MONK |
|
18 Years |
Tax Information
|
Vat Number |
4560145254 |
|
Status |
Active |
|
Vat Liable Date |
1994-10-01 |
|
Tax Number |
912064039 |
|
Tax Clearance Expire Date |
31 July 2012 |
|
Financial Year End |
February |
Black Economic Empowerment
|
Status |
No |
|
Score |
|
|
Expire Date |
|
|
BEE Certificate Available |
No |
ISO Status
|
Type of ISO Grade |
No |
|
ISO Certificate |
No |
|
ISO Certificate Available |
No |
|
Certified by an Accredited Agent |
No |
Workmans compensation
|
Registered |
Yes |
|
Compliance Certified |
Yes 0173/0790/0630 |
Company Structure
Subsidiaries
|
Subsidiary Company |
None |
|
Shareholding |
|
|
Registration Number |
|
|
Import / Export |
|
|
Subsidiary Company |
None |
|
Shareholding |
|
|
Registration Number |
|
|
Import / Export |
|
|
Number of
Employees |
30 |
|
1. Salaried
employees |
8 |
|
2. Waged
employees |
2 |
|
3. Permanent
employees |
|
|
4. Casual
employees |
20 |
|
5. Contracted
employees |
|
Company Fleet |
No of vehicles: |
Owned/ Leased |
Value |
Outstanding Balance |
|
Fleet Operations |
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The Fleet is made up of |
None |
|||
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1. Cars |
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2. Light
Delivery Vehicles |
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3. Trailers |
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4. Busses |
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5. Trucks |
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6. Fork
Lifts |
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7. Other |
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Offices |
|
Head Office Owned/ Rented |
Rented |
|
Rental Company |
KAROO CASINGS |
|
Owned by |
|
|
Value |
|
|
Bond |
|
|
Bank |
|
|
Lease Agreement |
Annual |
|
Lease Expire Date |
Every year |
|
Type of Premises |
Factory |
|
Branches Names |
Country |
Province |
|
None |
|
|
Branches Owned/ Rented |
None |
|
Rental Company |
|
|
Owned |
|
|
Value |
|
|
Bank |
|
|
Bond |
|
|
Lease Agreement |
|
|
Lease Expire Date |
|
|
Type of Premises |
|
Management Overview
Organisation chart
|
Level |
Position |
Name |
|
1 |
Member |
PAUL NEILL |
|
1 |
Member |
GARY NEILL |
|
1 |
Member |
BRUCE NEILL |
|
1 |
Member |
MARK NEILL |
Company Structure (Ownership)
Note: One level up and
all levels downNote: One level up
and all levels down
|
Holding |
Company |
Sub |
|
25% PAUL NEILL 25% GARY NEILL 25%BRUCE NEILL 25 %MARK NEILL |
NATURAL HERBS AND SPICES CC |
None |
Trade References
Key deals signed within
the past 12 months.
|
Company |
Contact |
|
None |
|
|
|
|
|
|
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|
Trade Reference nr |
Supplier |
Contact |
|
1 |
CONSOL SPECIALITY |
021 8884000 |
|
2 |
SIGN AND SEAL LABELS |
021 9058640 |
|
3 |
SPECIALISED PLASTIC INDUSTRY |
021 7013521 |
Trade References
Detail
|
Nr |
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
|
1 |
Do |
not |
give |
trade |
reference |
|
|
|
2 |
3 Years |
Open Account |
R 200 000 |
30 Days |
R 200 000 |
30 Days |
Very Good |
|
3 |
Unable |
to |
obtain |
trade |
reference |
|
|
Adverse Information on Subject
Judgements
|
Judgements |
None |
|
Possible
Judgements |
None |
|
Civil Court |
None |
|
RDs |
None |
Business Rescue
|
Date registered |
Business rescue practitioner |
Contact Information |
Details |
|
None |
|
|
|
Default Listings
|
Date |
Details |
|
None |
|
Notarial Bonds
|
Date |
Details |
|
None |
|
Bank Information
|
Bank |
NEDBANK |
|
Branch |
SOUTHERN PINNACLE |
|
Bank Account Number |
1232075582 |
|
Type of Account |
CURRENT |
|
Account Name |
NATURAL HERBS AND SPICES CC |
|
Bank Code |
C for R200 000 |
|
Bank Comment |
The subjects bankers consider them as equal to their normal business
engagements. |
Bank Codes History
|
Date requested |
Bank Code |
Enquiry Amount |
Number of RDs |
RD amount |
RD Date |
Bank Comments |
Years with bank |
|
None |
|
|
|
|
|
|
|
Previous Bank
Accounts
|
Banker |
Branch Code |
Account Holder |
Account number |
Date opened |
Years with bank |
|
None |
|
|
|
|
|
Deeds Information
Property Interestsfor Company
|
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 |
|
Financial Information
Financial
Estimates
|
CURRENT ASSETS |
None |
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 |
4 |
|
Average Age of Active Principals |
48 |
Active Principals
Principal 1 of 4: PAUL NEILL
|
Surname |
NEILL |
|
First Name |
PAUL |
|
Other Names |
None |
|
Marital Status |
Married |
|
ID Number |
6809305661082 |
|
Verified ID Number |
Yes |
|
Current Age |
44 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2002-10-11 |
|
Physical Address (at time of Appointment) |
4 Olive Close CONSTANTIA 7800 |
|
Postal Address |
4 Olive Close CONSTANTIA 7800 |
|
Current Tel Number |
021 5114009 |
|
Cell number |
082 4904676 |
|
Current Fax Number |
Unavailable |
|
Current Email Address |
Unavailable |
|
Shareholding |
25% |
Adverse
Information for: PAUL NEILL
Judgement
|
Number of
Judgements |
None |
Debt
Review
|
Debt review |
None |
Other
|
Default data |
None |
Business Information for: PAUL NEILL
Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
EXIM REEF CC |
1990/009645/23 |
In Business |
21 Years 10 Months |
0 |
No |
|
KAROO CASINGS CC |
1995/013013/23 |
In Business |
16 Years 10 Months |
0 |
No |
|
EXIM SPICES (PTY) LTD |
2000/025537/07 |
In Business |
11 Years 3 Months |
0 |
No |
|
EXIM INTERNATIONAL (PTY) LTD |
2001/023754/07 |
In Business |
10 Years 3 Months |
0 |
No |
|
EXIMPROP INVESTMENT CC |
2011/058839/23 |
In Business |
9 Months |
0 |
No |
Previous
Business Interests
|
Average Age of
Previous Business Interests |
13 Years |
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
QUICKVEST 7 (PTY) LTD |
1998/008544/07 |
Dissolved |
13 Years 8 Months |
0 |
No |
Deeds Information
Property
Interestsfor: PAUL NEILL
|
Title Deed No. |
T95768/2000 |
Erf/Site No. |
|
|
Deeds Office |
CAPE TOWN |
Physical Address |
4 OLIVE
HUIS-IN-BOS SOUTHERN
SURBURBS |
|
Property Type |
Freehold / Ervin |
Extent / Size |
4256.0SQM |
|
Purchase Date |
2000-09-08 |
Purchase price |
R 1 688 000,00 |
|
% Ownership |
0.0000 |
Bond Holder |
NEDCOR BANK LTD |
|
Bond Number |
B621562000 |
Bond Amount |
R 1 200 000,00 |
Principal 2 of 4: GARY NEILL
|
Surname |
NEILL |
|
First Name |
GARY |
|
Other Names |
None |
|
Marital Status |
Married |
|
ID Number |
6206255951086 |
|
Verified ID Number |
Yes |
|
Current Age |
50 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2002-10-11 |
|
Physical Address (at time of Appointment) |
14 Avenue Lombardie CONSTANTIA 7800 |
|
Postal Address |
14 Avenue Lombardie CONSTANTIA 7800 |
|
Current Tel Number |
021 5104740 |
|
Cell number |
082 4904682 |
|
Current Fax Number |
Unavailable |
|
Current Email Address |
Unavailable |
|
Shareholding |
25% |
Adverse
Information for: GARY NEILL
Judgement
|
Number of
Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Business
Information for: GARY NEILL
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
EXIM REEF CC |
1990/009645/23 |
In Business |
21 Years 10 Months |
0 |
No |
|
KAROO CASINGS CC |
1995/013013/23 |
In Business |
16 Years 10 Months |
0 |
No |
|
EXIM SPICES (PTY) LTD |
2000/025537/07 |
In Business |
11 Years 3 Months |
0 |
No |
|
EXIM INTERNATIONAL (PTY) LTD |
2001/023754/07 |
In Business |
10 Years 3 Months |
0 |
No |
|
EXIMPROP INVESTMENT CC |
2011/058839/23 |
In Business |
9 Months |
0 |
No |
Previous Business Interests
|
Average Age of
Previous Business Interests |
16 years |
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
EXIM CASINGS CC |
1992/010273/23 |
Deregistration Final |
19 Years 9 Months |
0 |
No |
|
QUICKVEST 7 (PTY) LTD |
1998/008544/07 |
Dissolved |
13 Years 8 Months |
0 |
No |
Deeds Information
Property Interestsfor: GARY NEILL
|
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 4: BRUCE NEILL
|
Surname |
NEILL |
|
First Name |
BRUCE |
|
Other Names |
None |
|
Marital Status |
Married |
|
ID Number |
6101235735081 |
|
Verified ID Number |
Yes |
|
Current Age |
51 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2002-10-11 |
|
Physical Address (at time of Appointment) |
6 Tanja Road CONSTANTIA 7800 |
|
Postal Address |
6 Tanja Road CONSTANTIA 7800 |
|
Current Tel Number |
021 7943091 |
|
Cell number |
082 4904683 |
|
Current Fax Number |
Unavailable |
|
Current Email Address |
Unavailable |
|
Shareholding |
25% |
Adverse
Information for: BRUCE NEILL
Judgement
|
Number of
Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Business
Information for: BRUCE NEILL
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
EXIM REEF CC |
1990/009645/23 |
In Business |
21 Years 10 Months |
0 |
No |
|
KAROO CASINGS CC |
1995/013013/23 |
In Business |
16 Years 10 Months |
0 |
No |
|
EXIM SPICES (PTY) LTD |
2000/025537/07 |
In Business |
11 Years 3 Months |
0 |
No |
|
EXIM INTERNATIONAL (PTY) LTD |
2001/023754/07 |
In Business |
10 Years 3 Months |
0 |
No |
|
EXIMPROP INVESTMENT CC |
2011/058839/23 |
In Business |
9 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 Interestsfor: BRUCE NEILL
|
Title Deed No. |
T74908/2000 |
Erf/Site No. |
|
|
Deeds Office |
CAPE TOWN |
Physical Address |
6 TANJA
CONTANTIA HEIGHTS SOUTHERN
SURBURBS |
|
Property Type |
Freehold / Ervin |
Extent / Size |
4003.0SQM |
|
Purchase Date |
2000-06-29 |
Purchase price |
R 2 200 000,00 |
|
% Ownership |
0.0000 |
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
R0.00 |
Principal 4 of 4: MARK NEILL
|
Surname |
NEILL |
|
First Name |
MARK |
|
Other Names |
None |
|
Marital Status |
Married |
|
ID Number |
6502255766181 |
|
Verified ID Number |
Yes |
|
Current Age |
47 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
1996-08-13 |
|
Physical Address (at time of Appointment) |
5 Mercury Road KIRSTEN HOFF 7945 |
|
Postal Address |
5 Mercury Road KIRSTEN HOFF 7945 |
|
Current Tel Number |
021 5104740 |
|
Cell number |
082 4906327 |
|
Current Fax Number |
Unavailable |
|
Current Email Address |
Unavailable |
|
Shareholding |
25% |
Adverse
Information for: MARK NEILL
Judgement
|
Number of
Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Business
Information for: MARK NEILL
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
COUNTRY CAPERS CC |
1986/010821/23 |
In Business |
25 Years 7 Months |
0 |
No |
Previous Business Interests
|
Average Age of
Previous Business Interests |
11 years |
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
J L B M INVESTMENTS CC |
1995/052967/23 |
In Business |
16 Years 1 Months |
0 |
No |
|
SALES HIRE CC |
1995/052972/23 |
In Business |
16 Years 1 Months |
0 |
No |
|
MBN PROPETIES CC |
1998/024624/23 |
Deregistration Final |
13 Years 8 Months |
0 |
No |
|
CIBUM CAPERE CAPE CC |
1998/029046/23 |
Deregistration Final |
13 Years 8 Months |
0 |
No |
|
SUREFAM FINANCIAL SERVICES CC |
2003/044370/23 |
Deregistration Final |
8 Years 7 Months |
0 |
No |
|
R R N MINVESTMENT CC |
B1996/031003/23 |
In Business |
15 Years 6 Months |
0 |
No |
Deeds Information
Property Interestsfor: MARK NEILL
|
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 |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.97 |
|
|
1 |
Rs.77.74 |
|
Euro |
1 |
Rs.65.09 |
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 SCs 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.