|
Report Date : |
05.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
EVOLUTION INKS PACKAGING AND CHEMICALS CC |
|
|
|
|
Registered Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
07.12.2009 |
|
|
|
|
Com. Reg. No.: |
2009/222859/23 |
|
|
|
|
Legal Form : |
Close Corporation |
|
|
|
|
Line of Business : |
Manufacture of printing INCS and chemicals |
|
|
|
|
No. of Employees : |
10 |
RATING & COMMENTS
|
MIRAs Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No Complaints |
|
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 |
|
Subject Name |
EVOLUTION
INCS PACKAGING AND CHEMICALS CC T/A IPC EVOLUTION |
|
Country |
SOUTH
AFRICA |
|
Requested Credit Limit |
US $ 1,50,00,000.00 |
|
Enquiry Terms |
D/A |
|
Account Review |
Every
6 months |
|
Subject Contact person |
SAM
NAIDU (0843015071) |
|
Assessment |
On investigation we made contact with the subject and we
were referred to MRSAM NAIDU the Head Office Manager MR
SAM NAIDU has assisted us with most
of the information
but declining the financial Information because
it is regarded as
confidential. Your
figure is considered as too high. Westill
awaitthe bank code. Please
see available information below. |
|
Registered Name |
EVOLUTION INKS PACKAGING AND CHEMICALS CC |
|
Trading as/ Division Name |
IPC EVOLUTION |
|
Previous Name |
None |
|
Date of Name Change |
None |
|
Registration Number |
2009/222859/23 |
|
Registration Date |
2009/12/07 |
|
Date Commenced Trading |
2009/12/07 |
|
Age of Business |
2 Years 5 Months |
|
History of Business |
Started as a new business in 2009 |
|
History of Principals |
3 |
|
Shareholders and % holding |
70% IRUNDEVI INDERMAN 10% DALIPCHAND INDERMAN 20%AKSHAY INDERMAN |
|
Authorised Share Capital |
Unavailable |
|
Issued Share Capital |
Unavailable |
|
Status |
In Business |
|
Operations Assessment |
Manufacture of printing incs and
chemicals |
|
Industry/ Customers |
Printing companies |
|
Export |
Yes |
|
Major Industry Code / SICC |
33520 |
|
Definition of Code |
Manufacture
of paints, varnishes and similar coatings, printing ink and mastics |
|
Head Office Physical Address |
68 CAPEFORD CRESCENT PHOENIX 4068 |
|
Head Office Postal Address |
PO Box 56971 Chatsworth 4030 |
|
Current Tel Number |
011 239 0299 |
|
Cell number |
0843015071 |
|
Current Fax Number |
0315078658 |
|
Current Email Address |
|
|
Web Site Address |
None |
|
Company Registered Name |
Y.D MAHARAJ & CO |
|
Trading Name |
Y.D MAHARAJ & CO |
|
Registration Number |
5503165064054 |
|
Physical Address |
161 Mathews Meyiwa Road Durban 4001 |
|
Postal Address |
PO Box 19596 DORMERGTON 4015 |
|
Contact Person |
BARNALD |
|
Contact Number |
0314042298 |
|
Email |
Ydm@mweb.co.za |
|
Principals |
1 |
|
Judgements Against Subject |
None |
|
Judgements Against Principals |
None |
|
Subject Verified as Client |
Yes |
|
SAICA number |
926795E |
|
VAT Number |
4780122018 |
|
Tax Number |
Unavailable |
|
BEE Status |
Level 3 |
|
Financial Year End |
February |
|
Years With Auditors |
2 |
|
Website |
None |
|
Company Name |
Phone Number |
Time with previous auditors |
|
None |
|
|
|
Vat Number |
4070255247 |
|
Status |
Active |
|
Vat Liable Date |
2009/12/07 |
|
Tax Number |
9007393227 |
|
Tax Clearance Expire Date |
Unavailable |
|
Financial Year End |
February |
|
Status |
Yes |
|
Score |
Level 3 |
|
Expire Date |
Unavailable |
|
BEE Certificate Available |
Yes |
|
Type of ISO Grade |
None |
|
ISO Certificate |
|
|
ISO Certificate Available |
|
|
Certified by an Accredited Agent |
|
|
Registered |
Yes |
|
Compliance Certified |
Yes |
Subsidiaries
|
Subsidiary Company |
None |
|
Shareholding |
|
|
Registration Number |
|
|
Import / Export |
|
|
Number of
Employees |
10 |
|
1. Salaried
employees |
5 |
|
2. Waged
employees |
5 |
|
3. Permanent
employees |
8 |
|
4. Casual
employees |
2 |
|
5. Contracted
employees |
|
Company Fleet |
No of vehicles: |
Owned/ Leased |
Value |
Outstanding Balance |
|
Fleet Operations |
|
|
|
|
|
The Fleet is made up of |
|
|||
|
1. Light
Delivery Vehicles |
2 |
Owned |
R 100000-R
180000 |
|
|
Offices |
|
Head Office Owned/ Rented |
Rented |
|
Rental Company |
J P FURNISHERS |
|
Owned by |
|
|
Value |
|
|
Bond |
|
|
Bank |
|
|
Lease Agreement |
|
|
Lease Expire Date |
|
|
Type of Premises |
Factory and offices |
|
Branches Names |
Country |
Province |
|
EVOLUTION INKS
PACKAGING AND CHEMICALS CC |
SOUTH AFRICA |
Johannesburg |
Branches Owned/ Rented |
Rented |
|
Rental Company |
GSI |
|
Level |
Position |
Name |
|
Unavailable |
|
|
Note: One level up and
all levels down
|
Holding |
Company |
Sub |
|
70% IRUNDEVI INDERMAN 10% DALIPCHAND INDERMAN 20%AKSHAY INDERMAN |
EVOLUTION INKS
PACKAGING AND CHEMICALS CC |
None |
|
Company |
Value |
Contact |
|
None |
|
|
|
Trade Reference nr |
Supplier |
Contact |
Surety Value |
Notarial Bonds |
|
1 |
BONIK EVONIK
AFRICA |
011 697 0700 |
|
|
|
2 |
CIVIL KING |
011 823 5341 |
|
|
|
3 |
BSS |
011 203 2400 |
|
|
Trade References Detail
|
Nr |
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
|
1 |
8 Months |
R 25 000 |
R 11 000 |
30 Days |
R 8000 - R 11000 |
30 Days |
Good |
|
2 |
1 Year |
R 30000 |
Unavailable |
30 Days |
R 10000 - R 20000 |
30 Days |
Execellent |
|
3 |
STILL |
AWAITING |
FEEDBACK |
|
|
|
|
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 |
ABSA |
|
Branch |
SANDTON |
|
Bank Account Number |
252585127 |
|
Type of Account |
CURRENT |
|
Account Name |
IPC EVOLUTION CC |
|
Overdraft Facilities |
Unavailable |
|
Bank Code |
(awaiting bank code) |
|
Bank Comment |
|
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 |
|
|
|
|
|
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 Estimates
|
CURRENT ASSETS |
Declined |
|
Stock |
|
|
Debtors |
|
|
FIXED ASSETS |
|
|
Plant, Equipment, Vehicles |
|
|
Property |
|
|
CURRENT LIABILITIES |
|
|
Creditors |
|
|
Loans/ From? |
|
|
LONG TERM LIABILITIES |
|
|
Morgage Bonds |
|
|
Previous Year Turnover |
|
|
Estimated Current Year Turnover |
|
|
Current Turnover per month |
|
|
Current Turnover per annum |
|
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 |
3 |
|
Average Age of Active Principals |
39 |
Active Principals
Principal 1 of 3:IRUNDEVI INDERMAN
|
Surname |
INDERMAN |
|
First Name |
IRUNDEVI |
|
Other Names |
None |
|
Marital Status |
Unavailable |
|
ID Number |
6712290202088 |
|
Verified ID Number |
Yes |
|
Current Age |
45 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
Unavailable |
|
Physical Address (at time of Appointment) |
68 CapefordCresent SUNFORD 4068 |
|
Postal Address |
68 CapefordCresent SUNFORD 4068 |
|
Current Tel Number |
Unavailable |
|
Cell number |
Unavailable |
|
Current Fax Number |
Unavailable |
|
Current Email Address |
Unavailable |
|
Shareholding |
70% |
Adverse Information for : IRUNDEVI INDERMAN
Judgement
|
Number of
Judgements |
None |
Debt
Review
|
Debt review |
None |
Other
|
Default data |
None |
Business
Information for: IRUNDEVI INDERMAN
Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
EVOLUTION INKS
PACKAGING AND CHEMICALS CC |
2009/222859/23 |
In Business |
2 Years 5 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 : IRUNDEVI INDERMAN
|
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 3 :DALIPCHAND INDERMAN
|
Surname |
INDERMAN |
|
First Name |
DALIPCHAND |
|
Other Names |
NONE |
|
Marital Status |
Unavailable |
|
ID Number |
6011285122082 |
|
Verified ID Number |
Yes |
|
Current Age |
52 |
|
Designation |
Unavailable |
|
Status |
Active |
|
Appointment Date |
Unavailable |
|
Physical Address (at time of Appointment) |
68 CapefordCresent SUNFORD 4068 |
|
Postal Address |
68 CapefordCresent SUNFORD 4068 |
|
Current Tel Number |
0315078658 |
|
Cell number |
0843015071 |
|
Current Fax Number |
Unavailable |
|
Current Email Address |
Unavailable |
|
Shareholding |
10% |
Adverse
Information for : DALIPCHAND INDERMAN
Judgement
|
Number of
Judgements |
None |
Debt
Review
|
Debt review |
None |
Other
|
Default data |
None |
Business
Information for : DALIPCHAND INDERMAN
Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
EVOLUTION INKS
PACKAGING AND CHEMICALS CC |
2009/222859/23 |
In Business |
2 Years 5 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 : DALIPCHAND INDERMAN
|
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 of3:AKSHAY INDERMAN
|
Surname |
INDERMAN |
|
First Name |
AKSHAY |
|
Other Names |
None |
|
Marital Status |
Unavailable |
|
ID Number |
9109165192089 |
|
Verified ID Number |
Yes |
|
Current Age |
21 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
None |
|
Physical Address (at time of Appointment) |
68 CapefordCresent Sunford 4068 |
|
Postal Address |
68 CapefordCresent Sunford 4068 |
|
Current Email Address |
Unavailable |
|
Shareholding |
20% |
|
Current Tel Number |
Unavailable |
|
Current Fax Number |
Unavailable |
|
Cell Number |
Unavailable |
|
Email Address |
Unavailable |
Adverse Information for : AKSHAY INDERMAN
Judgement
|
Number of Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Business Information for : AKSHAY INDERMAN
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
EVOLUTION INKS PACKAGING AND CHEMICALS CC |
2009/222859/23 |
In Business |
2 Years 5 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 : AKSHAY INDERMAN
|
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.53.72 |
|
|
1 |
Rs.86.98 |
|
Euro |
1 |
Rs.70.64 |
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 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.