|
Report Date : |
24.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
EXIM SPICES (PTY) LTD |
|
|
|
|
Registered Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
06.10.2000 |
|
|
|
|
Com. Reg. No.: |
2000/025537/07 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Blending, Milling, Roasting and Packaging of Dry Spice Recipes |
|
|
|
|
No. of Employees : |
55 |
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 |
|
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 |
EXIM SPICES (PTY) LTD |
|
Country |
SOUTH AFRICA |
|
Subject Contact person |
CHRIS PARNELL – Financial Manager |
|
Assessment |
On investigation we made contact with MR.
CHRIS PARNELL the financial manager for the subject who assisted with the information. This appears to be a well-established
company being part of the EXIM GROUP with the directors having an extensive
background history on the business. The business is
owned by; THE MANOR TRUST, THE ORIEL TRUST and THE ZAC TRUST. A bank code C was
obtained for an amount of R 500 000 over a 30 day period. Please see the
available information for the subject below. |
|
Registered Name |
EXIM SPICES (PTY) LTD |
|
Trading as/ Division Name |
None |
|
Previous Name |
None |
|
Date of Name Change |
None |
|
Registration Number |
2000/025537/07 |
|
Registration Date |
2000-10-06 |
|
Date Commenced Trading |
2000-10-06 |
|
Age of Business |
11 Years 7 Months |
|
History of Business |
The EXIM
GROUP was founded in 1985 by Bryan, Bruce and Gary Neill. EXIM
SPICES commissioned the first Steam Lab in Africa in late 2006. |
|
History of Principals |
The
directors are originally from ZIMBABWE where they were educated. Mr.
BRYAN NEILL established F.NEILL & SONS which developed into a very
successful business. |
|
Shareholders and % holding |
33.33 % - MANOR TRUST 33.33 % - ORIEL TRUST 33.33 % - ZAC TRUST |
|
Authorised Share Capital |
1000 ordinary shares divided into R1 each |
|
Issued Share Capital |
R 100 |
|
Status |
In Business |
|
Operations Assessment |
Blending,
Milling, Roasting and Packaging of Dry Spice Recipes |
|
Industry/ Customers |
Wholesalers and Retail Stores |
|
Export |
Yes ZIMBABWE BOTSWANA ZAMBIA |
|
Major Industry Code / SICC |
88950 |
|
Definition of Code |
Packaging Activities |
|
Head Office Physical Address |
372 Voortrekker Road Maitland CAPE TOWN 7405 |
|
Head Office Postal Address |
PO Box 27705 Rusper Road Maitland CAPE TOWN 8000 |
|
Current Tel Number |
021 5104740 / 021 5114009 |
|
Cell number |
083 3568662 |
|
Current Fax Number |
021 5104745 / 021 5117514 |
|
Current Email Address |
|
|
Web Site Address |
|
Company Registered Name |
GRANT THORNTON CAPE INTERNATIONAL |
|
Trading Name |
GRANT THORNTON |
|
Registration Number |
2010/016204/21 |
|
Physical Address |
6th Floor 119 Hertzog Boulevard Foreshore CAPE TOWN 8000 |
|
Postal Address |
Private Bag 28 BENMORE 2010 |
|
Contact Person |
JACKIE BARNARD |
|
Contact Number |
021 4178800 |
|
Email |
Unavailable |
|
Principals |
16 |
|
Judgements Against Subject |
None |
|
Judgements Against Principals |
None |
|
Subject Verified as Client |
Yes |
|
Profession Number |
925438E |
|
VAT Number |
4950256596 |
|
Tax Number |
9151210185 |
|
BEE Status |
Yes - Level 4 |
|
Financial Year End |
December 31 |
|
Years With Auditors |
10 Years |
|
Website |
Previous Auditors
|
Company Name |
Phone Number |
Time with previous auditors |
|
WILDERLOCKITCH |
Unavailable |
Unknown |
|
MD ACCOUNTANTS
AND AUDITORS INCORPORATED |
Unavailable |
Unknown |
Tax Information
|
Vat Number |
4060201193 |
|
Status |
Active |
|
Vat Liable Date |
2001-03-01 |
|
Tax Number |
9777051146 |
|
Tax Clearance Expire Date |
Unavailable |
|
Financial Year End |
February |
Black Economic
Empowerment
|
Status |
None
Compliant |
|
Score |
|
|
Expire Date |
|
|
BEE Certificate Available |
|
ISO Status
|
Type of ISO Grade |
10330:2006 |
|
ISO Certificate |
Yes |
|
ISO Certificate Available |
Yes |
|
Certified by an Accredited Agent |
Yes – SABS COMMERCIAL |
Workman’s
compensation
|
Registered |
Yes |
|
Compliance Certified |
Yes |
Company
Structure
Subsidiaries
|
Subsidiary Company |
None |
|
Shareholding |
|
|
Registration Number |
|
|
Import / Export |
|
|
Number of
Employees |
55 |
|
1. Salaried
employees |
10 |
|
2. Waged
employees |
45 |
|
3. Permanent
employees |
55 |
Company Fleet |
No of vehicles: |
Owned/ Leased |
Value |
Outstanding Balance |
|
The Fleet is made up of |
2 Vehicles |
|||
|
1. Light
Delivery Vehicles |
1 |
Owned |
|
|
|
2. Trucks |
1 |
Owned |
|
|
|
Offices |
|
Head Office Owned/ Rented |
Owned |
|
Owned by |
Directors
of EXIM |
|
Value |
R
10 000 000 |
|
Bond |
None |
|
Type of Premises |
Administration Office Casing Plant National Package Warehouse National Distribution Node Cash and Carry Retail Outlet |
|
Branches Names |
Country |
Province |
|
None |
|
|
Branches Owned/ Rented |
None |
|
Rental Company |
|
|
Owned |
|
|
Value |
|
|
Bank |
|
|
Bond |
|
|
Lease Agreement |
|
|
Lease Expire Date |
|
|
Type of Premises |
|
Organisation chart
|
Level |
Position |
Name |
|
1 |
Director Director Director |
BRUCE NEILL GARY NEILL |
Company Structure (Ownership)
Note: One level up and all levels down
|
Holding |
Company |
Sub |
|
33.33 % - MANOR TRUST 33.33 % - ORIEL TRUST 33.33 % - ZAC
TRUST |
EXIMSPICES (PTY) LTD |
None |
Trade References
Key
deals signed within the past 12 months.
|
Company |
Value |
Contact |
|
Declined |
|
The subject
deems this information to be confidential |
|
Trade Reference nr |
Supplier |
Contact |
|
1 |
PROTEA FOOD INGREDIENTS |
011 8423600 |
|
2 |
BOWMAN
INGREDIENTS |
021 5052300 |
Trade References
Detail
|
Nr |
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
|
1 |
10 Years + |
Declined |
R 150 000 |
30 Days |
R 100 000 |
30 Days |
Excellent
Account – Always pay on time |
|
2 |
9 Years |
R 50 000 |
R 65 000 + |
30 Days |
R 60 000 |
30 Days |
Very Good Account
– No Problems with payments |
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
|
Bank |
NEDBANK |
|
Branch |
BUSINESS SOUTH PENINSULA |
|
Bank Account Number |
1073283313 |
|
Type of Account |
Cheque |
|
Account Name |
EXIM SPICES (PTY) LTD |
|
Overdraft Facilities |
Yes – R 4 000 000 Linked to EXIM INTERNATIONAL |
|
Date Opened |
Unavailable |
|
Bank Code |
C |
|
Bank Comment |
The subject’s bankers consider them good for all business normal
engagements. |
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 |
|
|
|
|
|
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 Information
Financial
Estimates
|
CURRENT ASSETS |
Declined – The subject deems this information to be confidential |
|
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 |
48 |
Active Principals
Principal 1 of 3: PAUL NEILL
|
Surname |
NEILL |
|
First Name |
PAUL |
|
Other Names |
D |
|
Marital Status |
Married |
|
ID Number |
6809305661082 |
|
Verified ID Number |
Yes |
|
Current Age |
44 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2000-10-06 |
|
Physical Address (at time of Appointment) |
4 Olivie Close CONSTANTIA 7800 |
|
Postal Address |
4 Olivie Close CONSTANTIA 7800 |
|
Current Tel Number |
021 7945592 / 021 5114009 |
|
Cell number |
082 4904676 |
|
Current Fax Number |
021 5104745 / 021 5117514 |
|
Current Email Address |
|
|
Shareholding |
0.0000 |
Adverse
Information for: PAUL NEILL
Judgement
|
Number of
Judgements |
None |
Debt
Review
|
Debt review |
None |
Other
|
Default data |
None |
Business
Information for: PAUL NEILL
Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
EXIM REEF CC |
1990/009645/23 |
In Business |
22 Years 2
Months |
0 |
No |
|
KAROO CASINGS CC |
1995/013013/23 |
In Business |
17 Years 2
Months |
0 |
No |
|
EXIM SPICES (PTY) LTD |
2000/025537/07 |
In Business |
11 Years 7
Months |
0 |
No |
|
EXIM INTERNATIONAL (PTY) LTD |
2001/023754/07 |
In Business |
10 Years 7
Months |
0 |
No |
|
EXIMPROP INVESTMENTS CC |
2011/058839/23 |
In Business |
1 Years 1 Months |
0 |
No |
|
NATURAL HERBS AND SPICES CC |
B1994/029528/23 |
In Business |
17 Years 8
Months |
0 |
No |
Previous
Business Interests
|
Average Age of
Previous Business Interests |
14 Years |
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
QUICKVEST 7 (PTY) LTD |
1998/008544/07 |
Dissolved |
14 Years |
0 |
No |
Deeds
Information
Property
Interests for: PAUL NEILL
|
Title Deed No. |
T95768/2000 |
Erf/Site No. |
|
|
Deeds Office |
CAPE TOWN |
Physical Address |
4 Olive
Huis-In-Bos SOUTHERN SUBURBS |
|
Property Type |
Freehold / Ervin |
Extent / Size |
4256.0SQM |
|
Purchase Date |
2000-09-08 |
Purchase price |
R
1 688 000,00 |
|
% Ownership |
0.0000 |
Bond Holder |
NEDCOR BANK LTD |
|
Bond Number |
B621562000 |
Bond Amount |
R
1 200 000,00 |
Principal
2 of 3: GARY NEILL
|
Surname |
NEILL |
|
First Name |
GARY |
|
Other Names |
D |
|
Marital Status |
Married |
|
ID Number |
6206255951086 |
|
Verified ID Number |
Yes |
|
Current Age |
50 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2000-10-06 |
|
Physical Address (at time of Appointment) |
14 Avenue Lombardie CONSTANTIA 7800 |
|
Postal Address |
14 Avenue Lombardie CONSTANTIA 7800 |
|
Current Tel Number |
021 7945325 / 021 5104740 |
|
Cell number |
082 4904682 |
|
Current Fax Number |
021 5104745 / 021 5117514 |
|
Current Email Address |
|
|
Shareholding |
0.0000 |
Adverse
Information for: GARY NEILL
Judgement
|
Number of
Judgements |
None |
Debt
Review
|
Debt review |
None |
Other
|
Default data |
None |
Business
Information: GARY NEILL
Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
EXIM REEF CC |
1990/009645/23 |
In Business |
22 Years 2
Months |
0 |
No |
|
KAROO CASINGS CC |
1995/013013/23 |
In Business |
17 Years 2
Months |
0 |
No |
|
EXIM SPICES (PTY) LTD |
2000/025537/07 |
In Business |
11 Years 7
Months |
0 |
No |
|
EXIM INTERNATIONAL (PTY) LTD |
2001/023754/07 |
In Business |
10 Years 7
Months |
0 |
No |
|
EXIMPROP INVESTMENTS CC |
2011/058839/23 |
In Business |
1 Year 1 Months |
0 |
No |
|
NATURAL HERBS AND SPICES CC |
B1994/029528/23 |
In Business |
17 Years 8
Months |
0 |
No |
Previous
Business Interests
|
Average Age of
Previous Business Interests |
17 Years |
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
EXIM CASINGS CC |
1992/010273/23 |
Deregistration
Final |
20 Years 1 Month |
0 |
No |
|
QUICKVEST 7 (PTY) LTD |
1998/008544/07 |
Dissolved |
14 Years |
0 |
No |
Deeds
Information
Property
Interests for: GARY NEILL
|
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 of 3: BRUCE NEILL
|
Surname |
NEILL |
|
First Name |
BRUCE |
|
Other Names |
A |
|
Marital Status |
Married |
|
ID Number |
6101235735081 |
|
Verified ID Number |
Yes |
|
Current Age |
51 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2000-10-06 |
|
Physical Address (at time of Appointment) |
6 Tanja Road CONSTANTIA 7800 |
|
Postal Address |
6 Tanja Road CONSTANTIA 7800 |
|
Current Tel Number |
021 7904961 / 021 7943091 |
|
Cell number |
082 4904683 |
|
Current Fax Number |
021 5104745 / 021 5117514 |
|
Current Email Address |
|
|
Shareholding |
0.0000 |
Adverse Information for: BRUCE NEILL
Judgement
|
Number of
Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Business Information for: BRUCE NEILL
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
EXIM REEF CC |
1990/009645/23 |
In Business |
22 Years 2
Months |
0 |
No |
|
KAROO CASINGS CC |
1995/013013/23 |
In Business |
17 Years 2
Months |
0 |
No |
|
EXIM SPICES (PTY) LTD |
2000/025537/07 |
In Business |
11 Years 7
Months |
0 |
No |
|
EXIM INTERNATIONAL (PTY) LTD |
2001/023754/07 |
In Business |
10 Years 7
Months |
0 |
No |
|
EXIMPROP INVESTMENTS CC |
2011/058839/23 |
In Business |
1 Year 1 Month |
0 |
No |
|
NATURAL HERBS AND SPICES CC |
B1994/029528/23 |
In Business |
17 Years 8
Months |
0 |
No |
Previous Business Interests
|
Average Age of
Previous Business Interests |
17 Years |
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
EXIM CASINGS CC |
1992/010273/23 |
Deregistration
Final |
20 Years 1 Month |
0 |
No |
|
QUICKVEST 7 (PTY) LTD |
1998/008544/07 |
Dissolved |
14 Years |
0 |
No |
Deeds Information
Property Interests for: BRUCE NEILL
|
Title Deed No. |
T74908/2000 |
Erf/Site No. |
|
|
Deeds Office |
CAPE TOWN |
Physical Address |
6 Tanja Road CONSTANTIA HEIGHTS SOUTHERN SUBURBS 7800 |
|
Property Type |
Freehold / Ervin |
Extent / Size |
4003.0SQM |
|
Purchase Date |
2000-06-29 |
Purchase price |
R
2 200 000,00 |
|
% Ownership |
0.0000 |
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
R 0,00 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.93 |
|
UK Pound |
1 |
Rs.88.15. |
|
Euro |
1 |
Rs.70.88 |
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.