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Report Date : |
22.05.2012 |
IDENTIFICATION DETAILS
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Name : |
PAARL MEDIA PAARL (PTY) LTD |
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Formerly Known As : |
PAARLSE DRUKPERS |
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Registered Office : |
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Country : |
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Date of Incorporation : |
05.12.1994 |
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Com. Reg. No.: |
1994/010013/07 |
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Legal Form : |
Private Company |
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Line of Business : |
Publishing of books, brochures, musical books and
other publications |
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No. of Employees : |
210 |
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RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
South Africa |
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 |
PAARL MEDIA PAARL (PTY) LTD |
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Country |
SOUTH AFRICA |
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Enquiry Terms |
D/A |
|
Account Review |
Every 6 Months |
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Subject Contact person |
ANDRE SEPTEMBER – Financial Manager |
|
Assessment |
On investigation we made contact with ANDRE SEPTEMBER the financial manager for the subject who assisted with the information. This appears to be a well-established company belonging to the PAARL MEDIA GROUP. We are currently awaiting further information for trade references and financials for the company. We await a bank code. Please see the available information below. |
|
Registered Name |
PAARL MEDIA PAARL (PTY) LTD |
|
Trading as/ Division Name |
None |
|
Previous Name |
PAARLSE DRUKPERS |
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Date of Name Change |
2010-09-08 |
|
Registration Number |
1994/010013/07 |
|
Registration Date |
1994-12-05 |
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Date Commenced Trading |
1994-12-05 |
|
Age of Business |
17 Years 5 Months |
|
History of Business |
The company was established as new company in 1994 |
|
History of Principals |
Werner Lindeque He began his career as a junior graphic designer in
1996 He quickly progressed as a result of his exceptional
leadership qualities and effective management style. |
|
Shareholders and % holding |
84 % - PAARL MEDIA HOLDINGS (PTY) LTD 16 % - KHURIFANI INVESTMENTS |
|
Authorised Share Capital |
1000 ordinary shares divided into R 1 each |
|
Issued Share Capital |
100 at R 1 each |
|
Status |
In Business |
|
Operations Assessment |
Printing of niche market magazines, books,
specialised brochures with high-end finishes and direct mail |
|
Industry/ Customers |
Book Publishing Companies Magazine Industry |
|
Export |
Yes Africa |
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Major Industry Code / SICC |
32410 |
|
Definition of Code |
Publishing of books, brochures, musical books and
other publications |
|
Head Office Physical Address |
15 Jan Van Riebeek Drive PAARL CAPE TOWN 7646 |
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Head Office Postal Address |
PO Box 248 PAARL 7620 |
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Current Tel Number |
021 8703600 |
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Cell number |
083 4129562 |
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Current Fax Number |
021 8703744 |
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Current Email Address |
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Web Site Address |
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Company Registered Name |
PRICEWATERHOUSECOOPERS INC |
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Trading Name |
PWC |
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Registration Number |
1998/012055/21 |
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Physical Address |
2 EGLIN ROAD SUNNINGHILL 2157 |
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Postal Address |
Private Bag X36 SUNNINGHILL 2157 |
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Contact Person |
HUGO ZEEDIE |
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Contact Number |
021 8077100 |
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Email |
|
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Principals |
248 |
|
Judgements Against Subject |
None |
|
Judgements Against Principals |
Unavailable |
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Subject Verified as Client |
Yes |
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SAICA number |
901091E |
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VAT Number |
4950174682 |
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Tax Number |
9343032844 |
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BEE Status |
Unavailable |
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Financial Year End |
June |
|
Years With Auditors |
18 Years |
|
Website |
Previous Auditors
|
Company Name |
Phone Number |
Time with previous auditors |
|
COOPERS AND
LYBRAND |
Unavailable |
18 Years |
|
COOPERS EN
LYBRAND GR (SA) |
Unavailable |
19 Years |
Tax Information
|
Vat Number |
4810109704 |
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Status |
Active |
|
Vat Liable Date |
1991-09-30 |
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Tax Number |
9240004052 |
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Tax Clearance Expire Date |
10 July 2012 |
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Financial Year End |
March |
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Status |
Yes |
|
Score |
Level 4 |
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Expire Date |
6 May 2013 |
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BEE Certificate Available |
Yes |
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Type of ISO Grade |
None |
|
ISO Certificate |
|
|
ISO Certificate Available |
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Certified by an Accredited Agent |
|
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Registered |
Yes |
|
Compliance Certified |
Yes |
Company
Structure
Subsidiaries
|
Subsidiary Company |
None |
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Shareholding |
|
|
Registration Number |
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Import / Export |
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Number of
Employees |
210 |
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1. Salaried
employees |
50 |
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2. Waged
employees |
160 |
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3. Permanent
employees |
210 |
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 |
9 Vehicles |
|||
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1. Cars |
2 |
Owned |
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2. Light
Delivery Vehicles |
3 |
Owned |
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3. Trucks |
4 |
Owned |
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Offices |
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Head Office Owned/ Rented |
Leased |
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Rental Company |
PAARL MEDIA HOLDINGS (PTY) LTD |
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Lease Agreement |
Annual |
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Lease Expire Date |
Annually |
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Type of Premises |
Offices and Factory |
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Branches Names |
Country |
Province |
|
None |
|
|
Branches Owned/ Rented |
None |
|
Level |
Position |
Name |
|
1 |
Director |
TOBIE LOUW |
|
2 |
PLANT MANAGER PRESS MANAGER POST PRESS MANAGER PROCUREMENT MANAGER FINANCIAL MANAGER HR MANAGER SALES MANAGER |
THYS DE JAGER PIETER STEENKAMP KOBUS NELL PIERRE SAMUEL ANDRE SEPTEMBER ANTOINETTE VOSLOO CYNTHIA MORTON |
Company
Structure (Ownership)
Note: One level up and all
levels down
|
Holding |
Company |
Sub |
|
100 % - PAARL MEDIA HOLDINGS (PTY) LTD |
PAARL MEDIA PAARL (PTY) LTD |
None |
Trade References
Key deals signed within the past 12 months.
|
Company |
Value |
Contact |
|
Declined |
|
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AWAITING TRADE
REFERENCES
|
Trade Reference nr |
Supplier |
Contact |
Surety Value |
Notarial Bonds |
|
1 |
Unavailable |
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Trade References Detail
|
Nr |
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
|
1 |
Unavailable |
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Adverse Information on Subject
Judgements
|
Judgements |
None |
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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 |
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Notarial Bonds
|
Date |
Details |
|
None |
|
|
Bank |
STANDARD BANK |
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Branch |
PAARL |
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Bank Account Number |
072198435 |
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Type of Account |
CHEQUE |
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Account Name |
PAARL MEDIA PAARL (PTY) LTD |
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Overdraft Facilities |
Yes – R 30 000 000 |
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Date Opened |
Unavailable |
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Bank Code |
Awaiting Bank code |
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Bank Comment |
|
Bank Codes History
|
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
|
Banker |
Branch Code |
Account Holder |
Account number |
Date opened |
Years with bank |
|
None |
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Property Interests for Company
|
Title Deed No. |
T95796/2001 |
Erf/Site No. |
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|
Deeds Office |
CAPE TOWN |
Physical Address |
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|
Property Type |
Freehold / Ervin |
Extent / Size |
3.9698H |
|
Purchase Date |
2001-09-19 |
Purchase price |
R
11 485 956,00 |
|
% Ownership |
0.0000 |
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
R 0,00 |
Financial Estimates
AWAITING FINANCIAL STATEMENTS
|
CURRENT ASSETS |
Unavailable |
|
Stock |
|
|
Debtors |
|
|
FIXED ASSETS |
|
|
Plant, Equipment, Vehicles |
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|
Property |
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CURRENT LIABILITIES |
|
|
Creditors |
|
|
Loans/ From? |
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LONG TERM LIABILITIES |
|
|
Morgage Bonds |
|
|
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 |
|
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 |
5 |
|
Average Age of Active Principals |
41 |
Active Principals
Principal 1 of 5: TOBIAS LOUW
|
Surname |
LOUW |
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First Name |
TOBIAS |
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Other Names |
Unavailable |
|
Marital Status |
Unavailable |
|
ID Number |
7202245002089 |
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Verified ID Number |
Yes |
|
Current Age |
40 |
|
Designation |
Director |
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Status |
Active |
|
Appointment Date |
2009-08-01 |
|
Physical Address (at time of Appointment) |
24 Olienhout Road PLATTEKLOOF 7500 |
|
Postal Address |
PO Box 248 PAARL 7620 |
|
Current Tel Number |
021 8703600 |
|
Cell number |
083 4129562 |
|
Current Fax Number |
021 8703744 |
|
Current Email Address |
|
|
Shareholding |
0.0000 |
Adverse Information for: TOBIAS LOUW
Judgement
|
Number of
Judgements |
None |
Debt
Review
|
Debt review |
None |
Other
|
Default data |
None |
Business
Information for: TOBIAS LOUW
Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
PAARL MEDIA PAARL (PTY) LTD |
1994/010013/07 |
In Business |
17 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
Interests for: TOBIAS LOUW
|
Title Deed No. |
T78867/2001 |
Erf/Site No. |
|
|
Deeds Office |
CAPE TOWN |
Physical Address |
24 Olienhout PLATTEKLOOF 3 PAROW |
|
Property Type |
Freehold / Ervin |
Extent / Size |
957.0SQM |
|
Purchase Date |
2001-08-25 |
Purchase price |
R
840 000,00 |
|
% Ownership |
0.0000 |
Bond Holder |
SAAMBOU BANK LTD |
|
Bond Number |
B546692001 |
Bond Amount |
R
550 000,00 |
|
Title Deed No. |
T9573/2004 |
Erf/Site No. |
|
|
Deeds Office |
CAPE TOWN |
Physical Address |
Mosselbank PATERNOSTER |
|
Property Type |
Freehold / Ervin |
Extent / Size |
304.0SQM |
|
Purchase Date |
2003-05-09 |
Purchase price |
R
270 000,00 |
|
% Ownership |
0.0000 |
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
R 0,00 |
Principal
2 of 5: EDRICH FIVAZ
|
Surname |
FIVAZ |
|
First Name |
EDRICH |
|
Other Names |
Unavailable |
|
Marital Status |
Unavailable |
|
ID Number |
8007225051082 |
|
Verified ID Number |
Yes |
|
Current Age |
32 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2008-01-21 |
|
Physical Address (at time of Appointment) |
10 Freedom Way Marcoin Beam MONTAGUE GARDENS 7441 |
|
Postal Address |
PO Box 37014 CHEMPET 7442 |
|
Current Tel Number |
021 8703600 |
|
Cell number |
083 4129562 |
|
Current Fax Number |
021 8703744 |
|
Current Email Address |
|
|
Shareholding |
0.0000 |
Adverse
Information for: EDRICH FIVAZ
Judgement
|
Number of
Judgements |
None |
Debt
Review
|
Debt review |
None |
Other
|
Default data |
None |
Business
Information for: EDRICH FIVAZ
Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
PAARL MEDIA PAARL (PTY) LTD |
1994/010013/07 |
In Business |
17 Years 5
Months |
0 |
No |
|
PAARL MEDIA (PTY) LTD |
1994/010014/07 |
In Business |
17 Years 5
Months |
0 |
No |
|
PAARLS LABELS (PTY) LTD |
2006/007232/07 |
In Business |
6 Years 2 Months |
0 |
No |
|
PAARL MEDIA GROUP (PTY) LTD |
M2008/011165/07 |
In Business |
4 Years |
0 |
No |
|
PAARL MEDIA GAUTENG (PTY) LTD |
M2003/021005/07 |
In Business |
8 Years 9 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
Interests for: EDRICH FIVAZ
|
Title Deed No. |
T18780/2009 |
Erf/Site No. |
|
|
Deeds Office |
CAPE TOWN |
Physical Address |
10 Blesbok Durbanville |
|
Property Type |
Freehold / Ervin |
Extent / Size |
991.0SQM |
|
Purchase Date |
2009-01-30 |
Purchase price |
R
1 710 000,00 |
|
% Ownership |
0.0000 |
Bond Holder |
INVESTEC BANK
LTD |
|
Bond Number |
B114442009 |
Bond Amount |
R
1 713 000,00 |
Principal 3 of 5: MANDLA SIBEKO
|
Surname |
SIBEKO |
|
First Name |
MANDLA |
|
Other Names |
Unavailable |
|
Marital Status |
Unavailable |
|
ID Number |
7903275460085 |
|
Verified ID Number |
Yes |
|
Current Age |
33 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2006-03-01 |
|
Physical Address (at time of Appointment) |
16 Bompat Avenue Collereto Apartment 11 DUNKELD WEST 2196 |
|
Postal Address |
PO Box 37014 CHEMPET WESTERN CAPE 7442 |
|
Current Tel Number |
021 8703600 |
|
Cell number |
083 4129562 |
|
Current Fax Number |
021 8703744 |
|
Current Email Address |
|
|
Shareholding |
0.0000 |
Adverse Information for: MANDLA SIBEKO
Judgement
|
Number of
Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Business Information for: MANDLA SIBEKO
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
PAARL MEDIA PAARL (PTY) LTD |
1994/010013/07 |
In Business |
17 Years 5
Months |
0 |
No |
|
NETFLORIST CORPORATE (PTY) LTD |
2006/001994/07 |
In Business |
6 Years |
0 |
No |
|
ICON DISPLAY SOUTH AFRICA (PTY) LTD |
2008/002151/07 |
In Business |
4 Years 4 Months |
0 |
No |
|
AFROPULSE 396 (PTY) LTD |
2008/003703/07 |
In Business |
4 Years 3 Months |
0 |
No |
Previous Business Interests
|
Average Age of
Previous Business Interests |
7 Years 1 Month |
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
BORN FREE MEDIA (PTY) LTD |
2002/031259/07 |
In Business |
9 Years 5 Months |
0 |
No |
|
SIPHATHO CC |
2004/071689/23 |
Deregistration
Final |
7 Years 10
Months |
0 |
No |
|
PAARL LABELS (PTY) LTD |
2006/007232/07 |
In Business |
6 Years 2 Months |
0 |
No |
|
SEED CAPITAL INVESTMENTS (PTY) LTD |
2006/007421/07 |
Deregistration
Final |
6 Years 2 Months |
0 |
No |
|
SEED CAPITAL INVESTMENTS 2 (PTY) LTD |
2006/011866/07 |
Deregistration
Final |
6 Years 1 Month |
0 |
No |
Deeds Information
Property Interests for: MANDLA SIBEKO
|
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 4 of 5: STEPHEN VAN DER WALT
|
Surname |
VAN DER
WALT |
|
First Name |
STEPHEN |
|
Other Names |
None |
|
Marital Status |
Unavailable |
|
ID Number |
6812055048088 |
|
Verified ID Number |
No |
|
Current Age |
44 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2005/04/01 |
|
Physical Address (at time of Appointment) |
16
AGAPANTHUS STREET WELGEDACT 7530 |
|
Postal Address |
P O BOX
248 PAARL Western
Cape 7620 |
|
Current Tel Number |
Unavailable |
|
Cell number |
Unavailable |
|
Current Fax Number |
Unavailable |
|
Current Email Address |
Unavailable |
|
Shareholding |
Unavailable |
Adverse Information for: STEPHEN VAN DER WALT
Judgement
|
Number of
Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Business Information for: STEPHEN VAN DER WALT
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
PAARL MEDIA PAARL (PTY)LTD |
1994/010013/07 |
In Business |
17 Years 5
Months |
0 |
No |
|
UNIT 34878 WELGEDACHT CC |
1996/039808/23 |
In Business |
15 Years 9
Months |
0 |
No |
|
EXTRA DIMENSIONS 1 (PTY)LTD |
2000/017375/07 |
In Business |
11 Years 9
Months |
0 |
No |
|
SKOTAVILLE WEB (PTY)LTD |
2001/012566/07 |
In Business |
10 Years 11
Months |
0 |
No |
|
PAARL LABELS (PTY)LTD |
2006/007232/07 |
In Business |
6 Years 2 Months |
0 |
No |
Previous Business Interests
|
Average Age of Previous
Business Interests |
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
PAARL MEDIA (PTY)LTD |
1994/010014/07 |
In Business |
17 Years 5Months |
0 |
No |
|
C T INTERNATIONAL FINANCE DEVELOPMENT (PTY)LTD |
1995/000395/07 |
In Business |
17 Years 5 Months |
0 |
No |
|
GST FINANCE (PTY)LTD |
1998/011241/07 |
Deregistration Final |
13 Years 1
Months |
0 |
No |
|
EASY CHOICE TWENTY NINE (PTY)LTD |
1999/020666/07 |
Dissolved |
12 Years 8
Months |
0 |
No |
|
HENTIQ 2431 (PTY)LTD |
2000/007285/07 |
Deregistration Final |
12 Years 1
Months |
0 |
No |
Deeds Information
Property Interests for: STEPHEN VAN DER WALT
|
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 5 of 5: LAMBERT RETIEF
|
Surname |
RETIEF |
|
First Name |
LAMBERT |
|
Other Names |
None |
|
Marital Status |
Unavailable |
|
ID Number |
53111125017085 |
|
Verified ID Number |
Yes |
|
Current Age |
60 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2001/03/13 |
|
Physical Address (at time of Appointment) |
272
BOSCHENMEER PAARL 7646 |
|
Postal Address |
425
BOSCHENMEER, PAARL 7646 |
|
Current Tel Number |
0218630111 |
|
Cell number |
0722984292 |
|
Current Fax Number |
Unavailable |
|
Current Email Address |
Unavailable |
|
Shareholding |
Unavailable |
Adverse Information for: LAMBERT RETIEF
Judgement
|
Number of
Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Business Information for: LAMBERT RETIEF
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
NASPERS
LTD |
1925/001431/06 |
In Business |
86 Years 10 Months |
0 |
No |
|
AFRICAN
MUTUAL TRUST COMPANY
LTD |
1949/900302/06 |
In Business |
62 Years 7 Months |
0 |
No |
|
PLANBOU
CC |
1988/000078/23 |
Conversion CO/CC orCC/CO |
24 Years 4 Months |
0 |
No |
|
PAARL
PRINT ADMIN CC |
1993/014746/23 |
In Business |
18 Years 11 Months |
0 |
No |
|
PAARL
POST WEB PRINTERS CC |
1993/015345/23 |
Conversion CO/CC or CC/CO |
18 Years 11 Months |
0 |
No |
Previous Business Interests
|
Average Age of
Previous Business Interests |
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
EIKESTADNUUS (PTY)LTD |
1945/018514/07 |
Deregistration Final |
67 Years 3 Months |
0 |
No |
|
LITHOTECH AFRICMAIL CAPE (PTY)LTD |
1947/027578/07 |
In Business |
64 Years 6
Months |
0 |
No |
|
THE MAILHOUSE-SUMARD SERVICES (PTY)LTD |
1951/003374/07 |
In Business |
60 Years 8
Months |
0 |
No |
|
PAARLKOR AANDELEBLOK (PTY)LTD |
1967/010032/07 |
Dissolved |
44 Years 8
Months |
0 |
No |
|
PAARL MOTORS EIENDOMME(PTY)LTD |
1969/008047/07 |
Dissolved |
43 Years |
0 |
No |
Deeds Information
Property Interests for: LAMBERT RETIEF
|
Title Deed No. |
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.54.68 |
|
UK Pound |
1 |
Rs.86.52 |
|
Euro |
1 |
Rs.69.86 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.