MIRA INFORM REPORT

 

 

Report Date :

20.06.2012

 

IDENTIFICATION DETAILS

 

Name :

LANDPAK (PTY) LTD

 

 

Registered Office :

35 Piet Rautenbach Street Industrial Area Brits 0251

 

 

Country :

South Africa

 

 

Date of Incorporation :

24.11.1983

 

 

Com. Reg. No.:

M1983/070287/07

 

 

Legal Form :

Private Company

 

 

Line of Business :

Not Available

 

 

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 :

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 – March 31st, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

South Africa

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 


Summary

 

Subject Name

LANDPAK (PTY) LTD

Country

SOUTH AFRICA

Requested Credit Limit

US $ 150 00 000.00

Enquiry Terms

D/A

Account Review

6 MONTHS

Subject Contact person

BASHIR -0122500120

 

Assessment

 

 

 

 

On investigation we made contact with the BASHIR who requested a questionnaire be sent through.

We still await the information and will forward when received, hopefully by next week.

Please see the available information for the subject below.

 

 

 

 

 

 

 

 

 

 

 

 

 

Company Information

 

Registered Name

LANDPAK (PTY) LTD

Trading as/ Division Name

None

Previous Name

None

Date of Name Change

None

Registration Number

M1983/070287/07

Registration Date

1983-11-24

Date Commenced Trading

1983-11-24

Age of Business

28 Years 7 Months

History of Business

Unavailable

History of Principals

Unavailable

Shareholders/Members/Partners of subject and  % holding

Unavailable

Authorised Share Capital

R 1000

Issued Share Capital/Members Contribution

R 100

Status

This Business is Active

Operations Assessment

Unavailable

Industry/ Customers

Unavailable

Export

Unavailable

Major Industry Code / SICC

Unavailable

Definition of Code

Unavailable

Head Office Physical Address

 

 

35 Piet Rautenbach Street

Industrial Area

BRITS

0251

Head Office Postal Address

 

 

 

PO Box 1135

BRITS

0250

Current Tel Number

012 2500120

Cell number

082 7717793

Current Fax Number

012 2500109

Current Email Address

bashir@ibb.co.za

Web Site Address

www.internationalgroup.co.za

 

 

Auditors Information

 

Company Registered Name

FAITZ CHARTERED ACCOUNTANTS INCORPORATED

Trading Name

Unavailable

Registration Number

Unavailable

Physical Address

Unavailable

Postal Address

Unavailable

Contact Person

Unavailable

Contact Number

Unavailable

Email

Unavailable

Principals

Unavailable

Judgements Against Subject

Unavailable

Judgements Against Principals

Unavailable

Subject Verified as Client

Unavailable

SAICA number

Unavailable

VAT Number

Unavailable

Tax Number

Unavailable

BEE Status

Unavailable

Financial Year End

Unavailable

Years With Auditors

Unavailable

Website

Unavailable

 

 

Previous Auditors

 

Company Name

Phone Number

Time with previous auditors

SABOOR GANI AND COMPANY

 

Unknown

 

 

Tax Information

 

Vat Number

4190150443

Status

Active

Vat Liable Date

Unavailable

Tax Number

Unavailable

Tax Clearance Expire Date

Unavailable

Financial Year End

Unavailable

 

 

Black Economic Empowerment

 

Status

Unavailable

Score

 

Expire Date

 

BEE Certificate Available

Yes/No

 

 

ISO Status

 

Type of ISO Grade

Unavailable

ISO Certificate

Yes/No

ISO Certificate Available

Yes/No

Certified by an Accredited Agent

Yes/No

 

 

Workman’s compensation

 

Registered

Unavailable

Compliance Certified

Yes/No

 

 

Company Structure

Subsidiaries

 

Subsidiary Company

Unavailable

Shareholding

 

Registration Number

 

Import / Export

 

 

 

Number of Employees

Unavailable

1.       Salaried employees

 

2.       Waged employees

 

3.       Permanent employees

 

4.       Casual employees

 

5.       Contracted employees

 

 



Company Fleet

No of vehicles:

Owned/ Leased

Value

Outstanding Balance

Fleet Operations

Unavailable

 

 

 

The Fleet is made up of

 

1.       Cars

 

 

 

 

 

 

Branches Names

Country

Province

Unavailable

 

 

 


Branches Owned/ Rented

Unavailable

 

Management Overview

Organisation chart

Level

Position

Name

Unavailable

 

 

 

Company Structure (Ownership)

Note: One level up and all levels down

Holding

Company

Sub

Unavailable

 

 

 

           

Trade References

Key deals signed within the past 12 months.

 

Company

Value

Contact

Unavailable

 

 

 

Trade Reference nr

Supplier

Contact

Surety Value

Notarial Bonds

1

Unavailable

 

 

 

        2 

 

 

 

 

 

Trade References Detail

Nr

Age of Acc

Credit Limit

Max Credit

Terms

Average Purchases

Terms Taken

Comment

1

Unavailable

 

 

 

 

 

 

 

 

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

Unavailable

Date Opened

 

Bank Code

C

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 RD’s

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.

Unavailable

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

Unavailable

 

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

1

Average Age of Active Principals

60

 

 

Active Principals

 

Principal 1 of 1: MAHOMMED TAYOB

Surname

MAHOMMED

First Name

TAYOB

Other Names

None

Marital Status

Married

ID Number

5212295110080

Verified ID Number

Yes

Current Age

60

Designation

Director

Status

Active

Appointment Date

1983-11-24

Physical Address (at time of Appointment)

32 Willow Crescent

BRITS

0250

Postal Address

PO Box 943

HOUGHTON

2041

Current Tel Number

012 2500120

Cell number

082 7717793

Current Fax Number

012 2500109

Current Email Address

bashir@ibb.co.za

Shareholding

(if the principal owns shares)

 

Adverse Information for: MAHOMMED TAYOB

Judgement

Number of Judgements

None

 

Debt Review

Debt review

None

 

Other

Default data

None

 

Business Information for: MAHOMMED TAYOB

 

Current Business Interests

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

LANDPARK PROPERTY HOLDING (PTY) LTD

1983/070288/07

In Business

28 Years

7 Months

0

No

LANDPAK (PTY) LTD

M1983/070287/07

In Business

28 Years

7 Months

0

No

 

Previous Business Interests

Average Age of Previous Business Interests

None

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

POLYSTAR TAPE AND FABRIC (PTY) LTD

M2001/016646/07

In Business

10 Years

11 Months

0

No

 

 

Deeds Information

Property Interestsfor: MAHOMMED TAYOB

 

Title Deed No.

T41879/1999

Erf/Site No.

 

Deeds Office

PRETORIA

Physical Address

MADIBENG RURAL

Property Type

Farms

Extent / Size

R 21 500 000.00

Purchase Date

1998-10-12

Purchase price

 

% Ownership

0.0000

Bond Holder

 

Bond Number

B138391988

Bond Amount

R 100 000.00

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.56.01

UK Pound

1

Rs.87.85

Euro

1

Rs.70.54

 

 

INFORMATION DETAILS

 

Report Prepared by :

PRL

 

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.