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Report Date : |
09.07.2012 |
IDENTIFICATION DETAILS
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Name : |
DELTA COLOURS (PTY) LTD |
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Formerly Known As : |
SHELF-LINE 165 |
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Registered Office : |
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Country : |
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Date of Incorporation : |
09.03.2009 |
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Com. Reg. No.: |
M2009/004675/07 |
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Legal Form : |
Private company |
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Line of Business : |
Import and export pigment colours |
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No. of Employees : |
11 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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South Africa |
A2 |
A2 |
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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 |
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Subject Name |
DELTA COLOURS (PTY) LTD |
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Country |
SOUTH AFRICA |
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Subject Contact person |
LINDSEY KARL - 021 8764167 |
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Assessment |
Total Credit Limit Exposure: R 300 000 On investigation we made contact with Financial Manager LINDSEY KARL who assisted with the information. The subject is meeting commitments timeously with their suppliers. This appears to be a well-established company having a credit exposure of R 300 000. A bank code C was obtained for an amount of R 1 500 000 over a period of 30 days. Please see the available information for the subject below. |
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Registered Name |
DELTA COLOURS (PTY) LTD |
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Trading as/ Division Name |
None |
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Previous Name |
SHELF-LINE 165 |
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Date of Name Change |
2009-05-13 |
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Registration Number |
M2009/004675/07 |
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Registration Date |
2009-03-09 |
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Date Commenced Trading |
2009-03-09 |
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Age of Business |
3 Years 4 Months |
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History of Business |
Our Products Delta Colours are dedicated to offering products that meet our customers needs. Delta Colours offer an extremely comprehensive range of colours for all applications. Organic Standard and High Performance organic Pigments for Coatings Plastics and Printing Inks. |
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History of Principals |
None |
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Shareholders/Members/Partners of subject
and % holding |
100% - STEPHANUS LOUW |
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Authorised Share Capital |
R 1000 |
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Issued Share Capital/Members Contribution |
R 120 |
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Status |
This Business is Active |
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Operations Assessment |
Import and export pigment colours |
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Industry/ Customers |
Plascon, Plastics |
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Export |
India |
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Major Industry Code / SICC |
3352 |
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Definition of Code |
Manufacture of paints,
varnishes and similar coatings, printing ink and mastics |
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Head Office Physical Address |
71 Cabriere Street FRANSCHHOEK 7695 |
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Head Office Postal Address |
PO Box 255 FRANSCHHOEK 7690 |
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Current Tel Number |
021 8764167 |
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Cell number |
082 6589701 |
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Current Fax Number |
021 8763201 |
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Current Email Address |
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Web Site Address |
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Company Registered Name |
BOSHOFF VISSER WES-KAAP INC |
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Trading Name |
None |
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Registration Number |
2005/001331/21 |
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Physical Address |
2 High Street GRABOUW 7160 |
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Postal Address |
PO Box 38 GRABOUW 7160 |
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Contact Person |
CHARLENE SIMONS |
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Contact Number |
021 9149604 |
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Email |
Unavailable |
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Principals |
3 |
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Judgements Against Subject |
None |
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Judgements Against Principals |
None |
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Subject Verified as Client |
Yes |
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SAICA number |
Unavailable |
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VAT Number |
Unavailable |
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Tax Number |
9207929150 |
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BEE Status |
Unavailable |
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Financial Year End |
April |
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Years With Auditors |
Unavailable |
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Website |
None |
Previous Auditors
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Company Name |
Phone Number |
Time with previous auditors |
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J DU PLESSIS AND
CO |
Unavailable |
Unknown |
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Vat Number |
475023306 |
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Status |
Active |
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Vat Liable Date |
2009-07-01 |
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Tax Number |
9405656167 |
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Tax Clearance Expire Date |
Unavailable |
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Financial Year End |
February |
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Status |
None |
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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 |
None |
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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 |
Yes |
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Compliance Certified |
Yes |
Subsidiaries
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Subsidiary Company |
None |
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Shareholding |
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Registration Number |
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Import / Export |
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Number of
Employees |
11 |
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1. Salaried
employees |
11 |
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2. Permanent
employees |
11 |
Company Fleet |
No of vehicles: |
Owned/ Leased |
Value |
Outstanding Balance |
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Fleet Operations |
Yes |
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The Fleet is made up of |
2 Vehicles |
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1. Light
Delivery Vehicles |
2 |
1 Leased |
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Offices |
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Head Office Owned/ Rented |
Owned |
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Owned by |
DELTA COLOURS (PTY) LTD |
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Value |
Unavailable |
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Bond |
Unavailable |
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Bank |
Unavailable |
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Type of Premises |
Offices |
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Branches Names |
Country |
Province |
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None |
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Branches Owned/ Rented |
None |
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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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Organisation chart
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Level |
Position |
Name |
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1 |
DIRECTOR |
STEPHANUS LOUW |
Company Structure (Ownership)
Note: One level up and
all levels down
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Holding |
Company |
Sub |
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100% |
STEPHANUS LOUW |
None |
Key
deals signed within the past 12 months.
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Company |
Value |
Contact |
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None |
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Trade Reference nr |
Supplier |
Contact |
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1 |
STABLE
WAREHOUSING |
011 8273389 |
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2 |
DHL |
021 8724717 |
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3 |
C BOARD |
021 4211666 |
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4 |
X DATAS |
011 9767000 |
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 |
Do |
Not |
Give |
Trade |
Reference |
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2 |
Do |
Not |
Give |
Trade |
Reference |
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3 |
2 Years |
R 300 000 |
R 300 000 |
30 Days |
R 300 000 |
30 Days |
Excellent |
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4 |
Do |
Not |
Give |
Trade |
Reference |
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Judgements
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Judgements |
None |
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Possible
Judgements |
None |
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Civil Court |
None |
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RDs |
None |
Business Rescue
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Date registered |
Business rescue practitioner |
Contact Information |
Details |
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None |
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Default Listings
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Date |
Details |
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None |
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Notarial Bonds
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Date |
Details |
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None |
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Bank |
FNB |
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Branch |
PAARL |
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Bank Account Number |
62225809625 |
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Type of Account |
CURRENT |
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Account Name |
DELTA COLOURS (PTY) LTD |
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Overdraft Facilities |
Yes |
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Bank Code |
C for R 1 500 000 |
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Bank Comment |
The subject’s bankers consider them good for all business normal
engagements. |
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
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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
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Title Deed No. |
T69162/2010 |
Erf/Site No. |
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Deeds Office |
CAPE TOWN |
Physical Address |
71 CABRIERE FRANSCHOEK |
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Property Type |
Freehold/Ervin |
Extent / Size |
350.0SQM |
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Purchase Date |
2010-08-17 |
Purchase price |
R 2 500 000.00 |
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% Ownership |
0.0000 |
Bond Holder |
FIRSTRAND BANK LTD |
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Bond Number |
B374402010 |
Bond Amount |
R 2 500 000.00 |
Financial
Estimates
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CURRENT ASSETS |
Deemed Confidential |
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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:
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Turnover and assets less than R 1,000,000.00 |
The subject falls within the National Credit Act |
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Turnover and assets less than R 2,000,000.00 |
The subject falls within the Consumer Protection Act |
Principals
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Number of Principals |
1 |
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Average Age of Active Principals |
48 |
Active Principals
Principal 1 of 1: STEPHANUS LOUW
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Surname |
LOUW |
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First Name |
STEPHANUS |
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Other Names |
None |
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Marital Status |
Married |
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ID Number |
6406125118086 |
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Verified ID Number |
Yes |
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Current Age |
48 |
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Designation |
Director |
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Status |
Active |
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Appointment Date |
2009-04-29 |
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Physical Address (at time of Appointment) |
Domaine Des Anges STELLENBOSCH 7599 |
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Postal Address |
Domaine Des Anges STELLENBOSCH 7599 |
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Current Tel Number |
011 8867238 |
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Cell number |
082 6589701 |
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Current Fax Number |
021 8763201 |
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Current Email Address |
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Shareholding |
100 % |
Adverse Information for: STEPHANUS LOUW
Judgement
|
Number of
Judgements |
None |
Debt
Review
|
Debt review |
None |
Other
|
Default data |
None |
Business Information for: STEPHANUS LOUW
Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
NUBIOLA SOUTH AFRICA (PTY) LTD |
2006/020919/07 |
In Business |
6 Years |
0 |
No |
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SAC LOUW |
6406125118086 |
In Business |
Unknown |
0 |
No |
|
EAT KAROO BUTCHERY CC |
B2010/050797/23 |
In Business |
2 Years 3 Months |
0 |
No |
|
MEAT OF ORIGIN KAROO |
K2010/078056/08 |
In Business |
2 Months |
0 |
No |
Previous
Business Interests
|
Average Age of
Previous Business Interests |
5 Years |
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Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
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SUMMERLANE TRADING 146 CC |
2006/184900/23 |
Deregistration Final |
5 Years 9 Months |
0 |
No |
Deeds Information
Property
Interests for: STEPHANUS LOUW
|
Title Deed No. |
T74199/2005 |
Erf/Site No. |
|
|
Deeds Office |
CAPE TOWN |
Physical Address |
UBUNTU RURAL |
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Property Type |
Farms |
Extent / Size |
1710.6415H |
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Purchase Date |
2005-07-22 |
Purchase price |
R 5 250 000 |
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% Ownership |
0 |
Bond Holder |
REITZ WILLEM
JOHANNES COETZEE |
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Bond Number |
B985242005 |
Bond Amount |
R 3 500 000 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.42 |
|
UK Pound |
1 |
Rs.86.04 |
|
Euro |
1 |
Rs.68.61 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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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 |
|
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NB |
New Business |
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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.