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Report Date : |
18.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
HELLENIC FOODS CC T/A VEGGOS FOODS |
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Registered Office : |
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Country : |
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Date of Incorporation : |
12.12.2008 |
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Com. Reg. No.: |
2008/259393/23 |
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Legal Form : |
Close Corporation |
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Line of Business : |
Pre-packaging
of food products such as : Sugar Beans, Raisins, Dried Fruit |
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No. of Employees : |
14 |
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 : |
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 – September 30, 2011
|
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 |
HELLENIC
FOODS CC T/A VEGGOS FOODS |
|
Country |
SOUTH
AFRICA |
|
Enquiry Terms |
D/A |
|
Account Review |
Every
3 Months |
|
Subject Contact person |
ERICA
- Bookkeeper |
|
Assessment |
On
investigation we made contact with ERIKA the bookkeeper for the subject who
assisted us with the information. This appears
to be a relatively small business with 11 permanent employees and at times
some casual employees. We
are unable to obtain the auditors information at present as the current
auditor is unavailable. We
have been informed that the auditor may assist with missing information. The
subject has a credit exposure between R 150 000 and R 300 000 on a
30 day basis with reference to their suppliers. We
await a bank code. Please
see the available information for the subject below. |
|
Registered
Name |
HELLENIC FOODS CC |
|
Trading
as/ Division Name |
VEGGOS FOODS |
|
Previous
Name |
None |
|
Date
of Name Change |
None |
|
Registration
Number |
2008/259393/23 |
|
Registration
Date |
2008-12-12 |
|
Date
Commenced Trading |
2008-12-12 |
|
Age of
Business |
3 Years 5 Months |
|
History
of Business |
The subject was first trading as HELLENIC FOODS CC then changed
the name to VEGGOS FOODS CC, now the subject is currently named HELLENIC
FOODS CC T/A VEGGOS FOODS |
|
History
of Principals |
There is currently 1 active
director |
|
Shareholders
and % holding |
100 % - CASILEIOS KATSIKAKIS |
|
Authorised
Share Capital |
Unavailable |
|
Issued
Share Capital |
Unavailable |
|
Status |
Deregistration
Process |
|
Operations
Assessment |
Pre-packaging
of food products such as : Sugar
Beans Raisins Dried
Fruit |
|
Industry/
Customers |
Wholesalers Warehouses Retailers |
|
Export |
None |
|
Major
Industry Code / SICC |
88950 |
|
Definition
of Code |
Packaging
Activities |
|
Head
Office Physical Address |
14 Vuurslag Avenue Unit No. 4 Ext 7 SPARTAN KEMPTON PARK |
|
Head
Office Postal Address |
PO Box 752066 GARDEN VIEW 2047 |
|
Current
Tel Number |
011
0222778 |
|
Cell
number |
072
4737675 |
|
Current
Fax Number |
086
5497187 |
|
Current
Email Address |
|
|
Web
Site Address |
AWAITING FURTHER INFORMATION FROM THE AUDITOR
|
Company
Registered Name |
N. NICOLOAU |
|
Trading
Name |
Unavailable |
|
Profession
Number |
352683 |
|
Physical
Address |
Unavailable |
|
Postal
Address |
PO Box 923 EDENVALE 1610 |
|
Contact
Person |
LAUREN SIM |
|
Contact
Number |
083 6011487 |
|
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 |
4 |
|
Website |
Unavailable |
|
Company Name |
Phone Number |
Time with previous auditors |
|
None |
|
|
|
Vat
Number |
4150252080 |
|
Status |
Active |
|
Vat
Liable Date |
2009-01-02 |
|
Tax
Number |
9998961149 |
|
Tax
Clearance Expire Date |
Unavailable |
|
Financial
Year End |
February |
|
Status |
Awaiting confirmation from auditor |
|
Score |
|
|
Expire
Date |
|
|
BEE
Certificate Available |
|
|
Type
of ISO Grade |
Awaiting confirmation from auditor |
|
ISO
Certificate |
|
|
ISO
Certificate Available |
|
|
Certified
by an Accredited Agent |
|
|
Registered |
Yes |
|
Compliance
Certified |
Yes |
Subsidiaries
|
Subsidiary Company |
None |
|
Shareholding |
|
|
Registration Number |
|
|
Import / Export |
|
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Number of Employees |
14 |
|
1. Salaried employees |
11 |
|
2. Permanent employees |
11 |
|
3. Casual employees |
3 – Occasionally more |
Company Fleet |
No of vehicles: |
Owned/ Leased |
Value |
Outstanding Balance |
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Fleet Operations |
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The Fleet is made up of |
4 Vehicles |
|||
|
1. Cars |
1 |
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2. Trucks |
3 |
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Offices |
|
Head Office Owned/ Leased |
Leased |
|
Rental Company |
RICHSHORE TRADE AND
INVESTMENTS |
|
Lease Agreement |
5 Years |
|
Lease Expire Date |
May 2012 |
|
Type of Premises |
Office Block and Warehouse |
|
Branches Names |
Country |
Province |
|
None |
|
|
|
Level |
Position |
Name |
|
1 |
Director |
VASILEIOS
LATSIKAKIS |
Note: One level up and all levels down
|
Holding |
Company |
Sub |
|
100
% |
HELLENIC
FOODS CC T/A VEGGOS FOODS |
None |
Key deals signed within the past 12
months.
|
Company |
Value |
Contact |
|
Declined |
|
The subject believes this information
to be confidential |
|
Trade Reference nr |
Supplier |
Contact |
|
1 |
CANOLS
FREIGHT |
082 7727250 |
|
2 |
INDEPENDENT
FOOD PROCESSORS |
031 7001911 |
|
3 |
PHOENIX
COMMODITIES |
033 3470533 |
Trade References Detail
|
Nr |
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
|
1 |
1 Years |
Open |
R 300 000 |
30 Days |
R 150 000 |
30 Days |
Very Good account – No
problems experienced with payments |
|
2 |
1 Month |
Cash Account |
Declined |
COD |
Declined |
COD |
Cash account – Cannot provide
an overall rating |
|
3 |
6 Months |
Cash Account |
Declined |
COD |
Declined |
COD |
Cash account – Cannot provide
an overall rating |
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 |
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|
|
Default Listings
|
Date |
Details |
|
None |
|
Notarial Bonds
|
Date |
Details |
|
None |
|
|
Bank |
NEDBANK |
|
Branch |
COMMERCIAL |
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Bank Account Number |
1018363041 |
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Type of Account |
CURRENT |
|
Account Name |
HELLENIC FOODS CC |
|
Overdraft Facilities |
No |
|
Date Opened |
Unavailable |
|
Bank Code |
Awaiting Bank Code |
|
Bank Comment |
|
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 |
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|
|
|
Property Interests for 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
Awaiting further information from auditor
|
CURRENT ASSETS |
Unavailable |
|
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 |
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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 |
45 |
Active Principals
Principal 1 of 1: VASILEIOS
KATSIKAKIS
|
Surname |
KATSIKAKIS |
|
First Name |
VASILEIOS |
|
Other Names |
None |
|
Marital Status |
Divorced |
|
ID Number |
AB4814853 |
|
Verified ID Number |
No |
|
Current Age |
45 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2008-12-12 |
|
Physical Address (at time of Appointment) |
63 Dunrobin Street SYNDENHAM EAST 2192 |
|
Postal Address |
63 Dunrobin Street SYNDENHAM EAST 2192 |
|
Current Tel Number |
011 3926014 |
|
Cell number |
072 4737675 |
|
Current Fax Number |
086 5497187 |
|
Current Email Address |
|
|
Shareholding |
100 % |
Adverse Information for:
VASILEIOS KATSIKAKIS
Judgement
|
Number of Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Business Information for:
VASILEIOS KATSIKAKIS
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
HELLENIC FOODS CC |
2008/259393/23 |
Deregistration Final |
3 Years 5 Months |
0 |
No |
|
VEGGOS FOODS CC |
2010/077495/23 |
In Business |
2 Years |
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 Interests for:
VASILEIOS KATSIKAKIS
|
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.54.38 |
|
|
1 |
Rs.86.57 |
|
Euro |
1 |
Rs.69.30 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.