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Report Date : |
14.05.2012 |
IDENTIFICATION DETAILS
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Name : |
COREQUIP FLEXIBLE PACKAGING SUPPLIERS CC |
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Registered Office : |
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Country : |
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Date of Incorporation : |
14.09.2004 |
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Com. Reg. No.: |
2004/096357/23 |
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Legal Form : |
Closed Corporation |
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Line of Business : |
Packaging
Activities |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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
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Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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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 |
COREQUIP FLEXIBLE PACKAGING SUPPLIERS CC |
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Country |
SOUTH AFRICA |
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Enquiry Terms |
D/A |
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Account Review |
Every 3 Months |
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Subject Contact person |
SHARMINE –Accountant (0861267335) |
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Assessment |
On investigation we made contact with the subject and we were referred to the Accountant SHARMINE. She requested the questionnaire to be sent to her. When we followed up on the questionnaire SHARMINE requested more time to complete the questionnaire as she is busy and could not get to it this week. We still await the questionnaire. Please see available information on the subject below. |
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Registered Name |
COREQUIP FLEXIBLE PACKAGING SUPPLIERS CC |
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Trading as/ Division Name |
COREQUIP FLEXIBLE PACKAGING SUPPLIERS |
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Previous Name |
Unavailable |
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Date of Name Change |
Unavailable |
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Registration Number |
2004/096357/23 |
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Registration Date |
2004/09/14 |
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Date Commenced Trading |
2004/09/14 |
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Age of Business |
7 Years 8 Months |
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History of Business |
COREQUIP FLEXIBLE PACKAGING SUPPLIES CC started in May 1997 dealing in second hand cores and general packaging supplies, quickly grew to be one of the largest independent importers and distributors of flexible packaging material with sales totalling 4000 metric tonnes for 2006. With 2000 square meters of factory space in Gauteng alone COREQUIP can cater for the needs of the largest converters with large enough stock holding for bulk orders, but also COREQUIP can hold stock for the smaller customers to have on call as and when they require. COREQUIP can also import stock directly for customer requirements. |
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History of Principals |
Mr Antonio De Jesus is the owner of the company. |
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Shareholders and % holding |
Unavailable |
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Authorised Share Capital |
Unavailable |
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Issued Share Capital |
Unavailable |
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Status |
In Business |
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Operations Assessment |
Four rewinder/slitter machines allows for COREQUIP to meet even the demand of the smaller end users and offer contract slitting facilities. Slitting widths from 15 mm to 2000 mm can be accommodated. In addition to Polypropylene and Polyester, COREQUIP also stocks pallet wrap and other general packaging supplies. By using world leading suppliers COREQUIP is able to provide a high quality product to its customers. |
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Industry/ Customers |
Major Manufacturing companies. Logistics
Companies. |
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Export |
Unavailable |
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Major Industry Code / SICC |
88950 |
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Definition of Code |
Packaging
activities |
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Head Office Physical Address |
134 Dane Street 2nd Leases FLORIDA HILLS Gauteng |
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Head Office Postal Address |
Postnet suite 152 Private Bag X1 FLORIDA HILLS 1716 |
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Current Tel Number |
011 271 7810 / 0861267335 |
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Cell number |
Unavailable |
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Current Fax Number |
011 271 7811 |
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Current Email Address |
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Web Site Address |
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Company Registered Name |
MS DOWNING CHATTERD ACCOUNTANTS |
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Trading Name |
MS DOWNING CHATTERD ACCOUNTANTS |
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Registration Number |
7111175046083 |
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Physical Address |
Unit 8 Oak Lane Office Park Grippenroad BARTLETT 1518 |
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Postal Address |
PO Box 14984 BARTLETT 1518 |
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Contact Person |
Mark Downing |
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Contact Number |
082 229 3615 |
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Email |
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Principals |
1 |
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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 |
3158111 |
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VAT Number |
4650209101 |
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Tax Number |
Unavailable |
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BEE Status |
None |
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Financial Year End |
February |
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Years With Auditors |
1 |
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Website |
None |
Previous Auditors
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Company Name |
Phone Number |
Time with previous auditors |
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Unavailable |
Unavailable |
Unavailable |
Tax Information
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Vat Number |
4450217221 |
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Status |
Active |
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Vat Liable Date |
2005/03/01 |
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Tax Number |
9565591154 |
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Tax Clearance Expire Date |
Unavailable |
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Financial Year End |
February |
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Status |
Unavailable |
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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 |
Unavailable |
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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 |
Unavailable |
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Compliance Certified |
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Subsidiaries
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Subsidiary Company |
Unavailable |
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Shareholding |
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Registration Number |
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Import / Export |
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Number of
Employees |
Unavailable |
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1. Salaried
employees |
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2. Waged
employees |
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3. Permanent
employees |
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4. Casual
employees |
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5. Contracted
employees |
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Company Fleet |
No of vehicles: |
Owned/ Leased |
Value |
Outstanding Balance |
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Fleet Operations |
Unavailable |
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The Fleet is made up of |
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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 |
Unavailable |
Head Office Owned/ Rented |
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Rental Company |
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Owned by |
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Value |
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Bond |
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Bank |
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Lease Agreement |
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Lease Expire Date |
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Type of Premises |
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Branches Names |
Country |
Province |
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Unavailable |
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Branches Owned/ Rented |
Unavailable |
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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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Unavailable |
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Company Structure
(Ownership)
Note: One level up and
all levels down
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Holding |
Company |
Sub |
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Unavailable |
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Key
deals signed within the past 12 months.
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Company |
Value |
Contact |
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Unavailable |
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Trade Reference nr |
Supplier |
Contact |
Surety Value |
Notarial Bonds |
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1 |
Unavailable |
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2 |
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3 |
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4 |
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5 |
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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 |
Unavailable |
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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 |
Unavailable |
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Branch |
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Bank Account Number |
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Type of Account |
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Account Name |
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Overdraft Facilities |
Yes/No |
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Date Opened |
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Bank Code |
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Bank Comment |
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Bank Codes History
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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 Interestsfor Company
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Title Deed No. |
None |
Erf/Site
No. |
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Deeds Office |
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Physical Address |
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Property Type |
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Extent / Size |
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Purchase Date |
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Purchase price |
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% Ownership |
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Bond Holder |
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Bond Number |
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Bond Amount |
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Financial Estimates
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CURRENT ASSETS |
Unavailable |
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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 |
42 |
Active Principals
Principal 1 of 3: ANTONIO DE JESUS
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Surname |
DE JESUS |
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First Name |
ANTONIO |
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Other Names |
None |
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Marital Status |
Unavailable |
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ID Number |
7002115187089 |
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Verified ID Number |
Yes |
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Current Age |
42 |
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Designation |
None |
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Status |
Active |
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Appointment Date |
2004/09/14 |
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Physical Address (at time of Appointment) |
32 Veronica Street Constantia Kloof 1709 |
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Postal Address |
Postnet Suite 152 Private Bag X1 Florida Hills 1710 |
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Current Tel Number |
0114726703 |
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Cell number |
0798731544 |
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Current Fax Number |
Unavailable |
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Current Email Address |
Unavailable |
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Shareholding |
100% |
Adverse Information for ANTONIO DE JESUS
Judgement
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Number of Judgements |
None |
Debt
Review
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Debt review |
None |
Other
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Default data |
None |
Business
Information forANTONIO DE JESUS
Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
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COREQUIP
FLEXIBLE PACKAGING SUPPLIERS CC |
2004/096357/23 |
In Business |
7 Years 8 Months |
0 |
No |
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COMBINED
FLEXIBLES CC |
2005/098119/23 |
In Business |
6 Years 10
Months |
0 |
No |
Previous
Business Interests
|
Average Age of
Previous Business Interests |
None |
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Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
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INTERNATIONAL
PACKAGING AND LABELLING (PTY)LTD |
1999/017138/07 |
Dissolved |
12 Years 9
Months |
0 |
No |
Deeds
Information
Property
Interestsfor ANTONIO DE JESUS
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Title Deed No. |
T41542/2002 |
Erf/Site No. |
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Deeds Office |
JOHANNESBURG |
Physical Address |
27 Linda
Constantia Kloof Roodepoort |
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Property Type |
Freehold/Ervin |
Extent / Size |
1487.0SQM |
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Purchase Date |
2002/04/21 |
Purchase price |
R 600 000 |
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% Ownership |
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Bond Holder |
Nedcor Bank ltd |
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Bond Number |
B247382002 |
Bond Amount |
R 580 000 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.64 |
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UK Pound |
1 |
Rs.86.42 |
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Euro |
1 |
Rs.69.29 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
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 |
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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 |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.