MIRA INFORM REPORT

 

 

Report Date :

28.03.2012

 

IDENTIFICATION DETAILS

 

Name :

DEVIA SA (PTY) LTD

 

 

Registered Office :

10 Malherbe Street Franschhoek 7690

 

 

Country :

South Africa

 

 

Date of Incorporation :

26.02.1993

 

 

Com. Reg. No.:

1993/001004/07

 

 

Legal Form :

Private Company

 

 

Line of Business :

Sale and distribution of frozen fish in large quantities.

 

 

No. of Employees :

1

 

 

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 – 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


Summary

 

Subject Name

DEVIA SA (PTY) LTD

Country

SOUTH AFRICA

Requested Credit Limit

$ 150 000

Enquiry Terms

D/A

Account Review

 

Subject Contact person

PAUL VAN NIEKERK – DIRECTOR

 

 

Assessment

 

 

 

 

On investigation we made contact with the director MRPAUL VAN NIEKERK who confirmed the subject’s information.

We have obtained minimal information as MR VAN NIEKERK declined most of the information.

He felt no need to divulge information that may jeopardise his company.

Please see available information on the subject below.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Company Information

 

Registered Name

DEVIA SA (PTY) LTD

Trading as/ Division Name

None

Previous Name

None

Date of Name Change

None

Registration Number

1993/001004/07

 

 

Registration Date

1993/02/26

Date Commenced Trading

1993/02/26

Age of Business

19 years 1 months

History of Business

The subject was established as a new business in 1993.

History of Principals

PAUL VAN NIEKERK is the sole owner of the company.

Shareholders and  % holding

100 % - PAUL VAN NIEKERK

Authorised Share Capital

1 Ordinary Share

Issued Share Capital

R1

Status

In Business

Operations Assessment

Sale and distribution of frozen fish in large quantities.

Specialise in :

Tilapia

Mackerel

Horse Mackerel

Canned Pilchards

Industry/ Customers

Declined – The director found this information to be confidential

Export

Yes

West and central Africa

Major Industry Code / SICC

3012

Definition of Code

Processing and preserving of fish and fish products

Head Office Physical Address

 

 

10 Malherbe Street

FRANSCHHOEK

7690

Head Office Postal Address

Declined

Current Tel Number

021 8763606

Cell number

082 5622255

Current Fax Number

Declined

Current Email Address

paulvn@mweb.co.za

Web Site Address

None

 

 

Auditors Information

 

Auditor Name

INGRID KOTZE

Trading Name

None

Registration Number

Unavailable

Physical Address

10 Lismore avenue

Tokia

CAPE

7945

Postal Address

10 Lismore avenue

Tokia

CAPE

7945

Contact Person

INGRID KOTZE

Contact Number

021 7132087

Email

ingridkotze@googlemail.com

Principals

Unavailable

Judgements Against Subject

Unavailable

Judgements Against Principals

Unavailable

Subject Verified as Client

Yes

PracticeNumber

903525

VAT Number

Not Registered

Tax Number

Unavailable

BEE Status

Non Compliant

Financial Year End

February

Years With Auditors

3

Website

None

 

Previous Auditors

Company Name

Phone Number

Time with previous auditors

PRICEWATERHOUSECOOPERS

Unavailable

14

 

 

Tax Information

 

Vat Number

4560143861

Status

Active

Vat Liable Date

1994/07/11

Tax Number

9220145032

Tax Clearance Expire Date

Unavailable

Financial Year End

February

 

 

Black Economic Empowerment

 

Status

None

Score

 

 

 

ISO Status

 

Type of ISO Grade

None

ISO Certificate

 

 

 

Workman’s compensation

 

Registered

Not Registered

Compliance Certified

 

 

 

Company Structure

Subsidiaries

 

Subsidiary Company

None

 

Number of Employees

1

1.       Salaried employees

1

 



Company Fleet

 

No of vehicles:

Owned/ Leased

Value

Outstanding Balance

DECLINED

 

 

 

 

 

Offices

 


Head Office Owned/ Rented

Rented

Rental Company

Privately Owned – Mr. Van NieKerk would not disclose any further information

 

Branches Names

Country

Province

None

 

 

                       

Management Overview

 

Organisation chart

Level

Position

Name

1

Director – Owner

PAUL VAN NIEKERK

 

Company Structure (Ownership)

Note: One level up and all levels down

Holding

Company

Sub

100 %

PAUL VAN NIEKERK

None

 

 

Trade References

 

Key deals signed within the past 12 months.

The owner has declined this information as he believes this information to be confidential.

Company

Value

Contact

Declined

 

 

 

Trade Reference nr

Supplier

Contact

Surety Value

Notarial Bonds

1

Declined

 

 

 

 

Trade References Detail

Nr

Age of Acc

Credit Limit

Max Credit

Terms

Average Purchases

Terms Taken

Comment

1

Declined

 

 

 

 

 

 

 

 

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

 

The owner has declined this information as he deems this information to be confidential.

Bank

Declined

Branch

 

 

 

Bank Codes History

Date requested

Bank Code

Enquiry Amount

Number of RD’s

RD amount

RD Date

Bank Comments

Years with bank

Declined

 

 

 

 

 

 

 

 

Previous Bank Accounts

Banker

Branch Code

Account Holder

Account number

Date opened

Years with bank

Declined

 

 

 

 

 

 

 

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

The owner has declined this information as he believes this information to be confidential.

CURRENT ASSETS

Declined

Stock

 

Debtors

 

 

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

48

 

Active Principals

Principal 1 of 1: PAUL VAN NIEKERK

Surname

VAN NIEKERK

First Name

PAUL

Other Names

None

Marital Status

Married

ID Number

6409255239086

Verified ID Number

Yes

Current Age

48

Designation

Director

Status

Active

Appointment Date

1995/01/03

Physical Address (at time of Appointment)

10 Malherbe street

FRANSCHOEK

7690

Postal Address

10 Malherbe street

FRANSHOEK

7690

Current Tel Number

0219172119 / 0525622255

Cell number

0825622255

Current Fax Number

None

Current Email Address

paulvn@mweb.co.za

Shareholding

100.0000

 

Adverse Information for PAUL VAN NIEKERK

Judgement

Number of /Judgements

None

 

Debt Review

Debt review

None

 

 

Other

Default data

None

 

Business Information for PAUL VAN NIEKERK

 

Current Business Interests

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

DEVIA (SA) (PTY)LTD

1993/001004/07

In business

19 Years 1 Months

0

No

 

Previous Business Interests

Average Age of Previous Business Interests

8 Years 2 Months

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

TRESSO TRADING 805 (PTY)LTD

2004/001468/07

Deregistration final

8 Years 2 Months

0

No

 

 

Deeds Information

 

Property Interestsfor: PAUL VAN NIEKERK

 

Title Deed No.

T4011/2006

Erf/Site No.

 

Deeds Office

CAPE TOWN

Physical Address

10 Malherbe Franshoek

Property Type

Freehold/Ervin

Extent / Size

1120.0SQM

Purchase Date

2005/08/02

Purchase price

2500000

% Ownership

0

Bond Holder

STANDARD BANK OF SOUTH AFRICA

Bond Number

B54682006

Bond Amount

1000000

 

 

Title Deed No.

T71417/2001

Erf/Site No.

 

Deeds Office

CAPE TOWN

Physical Address

WITZENBERG RURAL

Property Type

FARMS

Extent / Size

3953.8823H

Purchase Date

2001/06/26

Purchase price

250000

% Ownership

0

Bond Holder

CAPE OF GOOD HOPE BANK LTD

Bond Number

B493862001

Bond Amount

125000

 

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.50.91

UK Pound

1

Rs.81.27

Euro

1

Rs.67.98

 

 

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.