|
Report Date : |
24.09.2012 |
|
|
|
IDENTIFICATION DETAILS
|
Name : |
FELTEX FOAM (PTY) LTD |
|
|
|
|
Registered Office : |
291 Paisley Road, Jacobs, Durban, 4052 |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
22.01.1960 |
|
|
|
|
Com. Reg. No.: |
M1960/000218/07 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Not Available |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
C |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
Status : |
Dormant |
|
Payment Behaviour : |
--- |
|
Litigation : |
--- |
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 |
South Africa - ECONOMIC OVERVIEW
south Africa is a middle-income, emerging market with an abundant supply
of natural resources; well-developed financial, legal, communications, energy,
and transport sectors; a stock exchange that is the 18th largest in the world;
and modern infrastructure supporting a relatively efficient distribution of
goods to major urban centers throughout the region. Growth was robust from 2004
to 2007 as South Africa reaped the benefits of macroeconomic stability and a
global commodities boom but began to slow in the second half of 2007 due to an
electricity crisis and the subsequent global financial crisis' impact on
commodity prices and demand. GDP fell nearly 2% in 2009 but recovered in
2010-11. Unemployment remains high and outdated infrastructure has constrained
growth. State power supplier Eskom encountered problems with aging plants and
meeting electricity demand necessitating "load-shedding" cuts in 2007
and 2008 to residents and businesses in the major cities. Daunting economic
problems remain from the apartheid era - especially poverty, lack of economic
empowerment among the disadvantaged groups, and a shortage of public
transportation. South Africa''s economic policy is fiscally conservative
focusing on controlling inflation and attaining a budget surplus. The current
government largely follows these prudent policies but must contend with the
impact of the global crisis and is facing growing pressure from special
interest groups to use state-owned enterprises to deliver basic services to
low-income areas and to increase job growth.
|
Source : CIA |
|
Subject Name |
FELTEX FOAM (PTY)LTD |
|
Country |
South Africa |
|
Subject Contact Person |
LYNETTE - FINANCE |
|
Assessment |
On investigation contact was made with Lynette. FELTEX
FOAM (PTY)LTD is not operational and the legal status of the company is
dormant. We
were informed that the assets and operations has been divisionalized FELTEX
FOAM CONVERTING under FELTEX HOLDINGS (PTY) LTD. The report for FELTEX
HOLDINGS (PTY) LTD should be considered. |
|
Registered Name |
FELTEX FOAM (PTY)LTD |
|
Date of Name Change |
Dec 5 1974 12:00AM |
|
Registration Number |
M1960/000218/07 |
|
Registration Date |
1960/01/22 |
|
Age of Business |
52 Years 8 Months |
|
History of Business |
FELTEX
FOAM (PTY)LTD was registered in 1960 The company later became dissolved and the
assets and operations became divisionalized under FELTEX HOLDINGS (PTY)LTD. |
|
Status |
Dissolved |
|
Major Industry Code / SICC |
9000 |
|
Definition of Code |
Other activities not adequately defined. |
|
Head Office Physical Address |
291 PAISLEY ROAD, JACOBS, DURBAN, 4052 |
|
Head Office Postal Address |
P 0 BOX 13330, JACOBS, 4026 |
|
Company Registered Name |
DELOITE AND TOUCHE |
|
Postal Address |
P 0 BOX 578, CAPE TOWN, 8000 |
|
No of years in Business |
20 |
Previous Auditors Information -
No Information on Record
Tax Information - No Information on Record
Black Economic Empowerment Information - No Information on Record
ISO Information - No Information on Record
Work Mans Information - No Information on Record
Subsidiaries Information - No Information on Record
Employees Information - No Information on Record
Company Fleet Information - No Information on Record
Offices Information - No Information on Record
Branch Information - No Information on Record
Organisational Chart - No Information on Record
Note: One level up and all levels down
Company Structure Information - No Information on Record
Note: One level up and all levels down
Key Deals - No Information on Record
Trade References Information - No Information on Record
Judgements - No information on record
BusinessRescue - No Information on Record
Default Listing - No information on record
Notarial Bonds - No information on record
Bank Information - No Information on Record
Bank Code History - No Information on Record
Previous Bank Account Information - No Information on Record
Deeds Information - No information on record
|
Number of Principals |
7 |
|
Average Age of Active Principals |
73 |
|
Active
Principals Principal - 1of 7 ROBIN RADFORD |
|
|
Surname |
RADFORD |
|
First Name |
ROBIN |
|
ID Number |
4308065058086 |
|
Verified ID Number |
Yes |
|
Current Age |
69 |
|
Designation |
DIRECTOR |
|
Status |
Active |
|
Appointment Date |
2001/05/18 |
|
Physical Address (at time of Appointment) |
NO 5, 311 CURRIE ROAD, DURBAN, 4001 |
|
Postal Address |
POSNET SUITE 271, PRIVATE BAG X10, MUSGRAVE, 4026 |
|
Current Tel Number |
0319028913 |
|
Cell number |
0834560591 |
|
Shareholding/Membership |
0.0000 |
Principal's Adverse - No information on record
Principal
Previous Business Interests
Average Age of Previous Business 31 years
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
CONSHU LTD |
1962/004827/06 |
In Business |
50 Years 2 Months |
0 |
No |
|
|
CONSHU
HOLDINGS LTD |
1968/006778/06 |
In Business |
44 Years 8 Months |
0 |
No |
|
|
3116 SAN LAMEERCC |
B1986/007085/23 |
In Business |
26 Years 2 Months |
0 |
No |
|
|
311
CURRIE ROAD UNIT 5 CC |
B1998/070036/23 |
Deregistration
Final |
14 Years 2 Months |
0 |
No |
|
|
FELTEX FEHRER (PTY) LTD |
M1947/025764/07 |
In Business |
65 Years 5 Months |
0 |
No |
|
|
CALAN
RETREAD SERVICES (PTY)LTD |
M1949/034462/07 |
Dissolved |
63 Years 3 Months |
0 |
No |
|
|
WAYNE INJECTION MOULDERS LTD |
M1958/004193/06 |
Deregistration
Final |
54 Years 6 Months |
0 |
No |
|
|
FELTEX FOAM (PTY) LTD |
M1960/000218/07 |
Dissolved |
52 Years 4 Months |
0 |
No |
|
|
RIETER FELTEX AUTOMOTIVE (PTY) LTD |
M1967/001707/07 |
Deregistration
Final |
45 Years 9 Months |
0 |
No |
|
|
CONSHU
MANAGEMENT (PTY) LTD |
M1969/001127/07 |
Dissolved |
43 Years 7 Months |
0 |
No |
|
|
EXTRUDED FABRICS S A (PTY)LTD |
M1969/009811/07 |
Dissolved |
43 Years 7 Months |
0 |
No |
|
|
AFANAN PROPERTIES (PTY) LTD |
M1970/006266/07 |
Dissolved |
42 Years 6 Months |
0 |
No |
|
|
WAYNE RESIN (PTY) LTD |
M1970/007825/07 |
Deregistration
Final |
42 Years 6 Months |
0 |
No |
|
|
WAYNE PLASTICS (PTY) LTD |
M1971/006392/07 |
Deregistration
Final |
41 Years 5 Months |
0 |
No |
|
|
WAYNE RUBBER COMPANY (PTY)LTD |
M1974/000845/07 |
Deregistration
Final |
38 Years 2 Months |
0 |
No |
|
|
KAP INTERNATIONAL HOLDINGS LTD |
M1978/000181/06 |
In Business |
34
Years 10 Months |
0 |
No |
|
|
WAYNE MANUFACTURING LTD |
M1981/005338/06 |
Deregistration
Final |
31 Years 7 Months |
0 |
No |
|
|
AUTONEUM FELTEX (PTY) LTD |
M1997/011791/07 |
In
Business |
15 Years 3 Months |
0 |
No |
|
|
SOLUTION SECURITY HOLDINGS (PTY)LTD |
M1997/011797/07 |
Deregistration
Final |
15 Years 3 Months |
0 |
No |
|
|
CASA ROSADA INVESTMENTS (PTY) LTD |
M1999/005381/07 |
Dissolved |
13 Years 1 Months |
0 |
No |
|
|
BULL BRAND FOODS (PTY) LTD |
M2000/007993/07 |
In
Business |
|
0 |
No |
|
|
KAP INVESTMENTS (PTY) LTD |
M2000/007999/07 |
In
Business |
|
0 |
No |
|
|
KOLOSUS LEATHERS (PTY) LTD |
M2000/008002/07 |
Dissolved |
|
0 |
No |
|
|
RIENZO PROPERTIES (PTY) LTD |
M2000/011036/07 |
Voluntary
Liquidation |
|
0 |
Yes |
|
|
TRUCO KZN (PTY)LTD |
M2005/043423/07 |
In
Business |
7 Years 7 Months |
0 |
No |
|
Principal's
Deeds Information - No information on record
|
Principal
- 2of 7 CATHERINE DARAS |
|
|
Surname |
DARAS |
|
First Name |
CATHERINE |
|
ID Number |
6908060119086 |
|
Verified ID Number |
Yes |
|
Current Age |
43 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
1997/09/15 |
|
Physical Address (at time of Appointment) |
7 TATE CRESCENT, LONEHILL, 2158 |
|
Postal Address |
P O BOX 41818, CRAIGHALL, 2024 |
|
Current Tel Number |
0114655894 |
|
Cell number |
0824413143 |
|
Shareholding/Membership |
0.0000 |
|
Principal
- 2of 7 CATHERINE DARAS |
|
|
Surname |
DARAS |
|
First Name |
CATHERINE |
|
ID Number |
6908060119086 |
|
Verified ID Number |
Yes |
|
Current Age |
43 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
1997/09/15 |
|
Physical Address (at time of Appointment) |
7 TATE CRESCENT, LONEHILL, 2158 |
|
Postal Address |
P O BOX 41818, CRAIGHALL, 2024 |
|
Current Tel Number |
0114655894 |
|
Cell number |
0824413143 |
|
Shareholding/Membership |
0.0000 |
Principal's Adverse - No information on record
Business
Information for CATHERINE DARAS
Principal
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
RIVONIA
OPTOMETRISTS |
6908060119086 |
|
Unknown |
0 |
No |
|
|
SUNNINGHILL OPTOMETRISTS |
6908060119086 |
|
Unknown |
0 |
No |
|
|
NICATRIS
INVESTMENTS (PTY) LTD |
M2000/001408/07 |
In
Business |
0 |
0 |
No |
|
Principal's Deeds Information - No information on record
Principal
Previous Business Interests
Average Age of Previous Business 38 years
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
RAFTI
INVESTMENTS CC |
B1992/034518/23 |
In Business |
20 Years 8 Months |
0 |
No |
|
|
GALAXY MINING EQUIPMENT CC |
B2005/121322/23 |
Deregistration
Final |
7 Years 7 Months |
0 |
No |
|
|
NIKI
INVESTMENTS (PTY) LTD |
M1957/001167/07 |
Deregistration
Final |
55 Years 7 Months |
0 |
No |
|
|
ANDRULA INVESTMENTS (PTY) LTD |
M1960/000215/07 |
In Business |
52 Years 4 Months |
0 |
No |
|
|
FELTEX
FOAM (PTY) LTD |
M1960/000218/07 |
Dissolved |
52 Years 4 Months |
0 |
No |
|
|
DAMA
INVESTMENTS (PTY) LTD |
M1965/009115/07 |
Deregistration
Final |
47
Years 11 Months |
0 |
No |
|
|
ANDIKKI HOLDINGS (PTY) LTD |
M1977/000899/07 |
Deregistration
Final |
35
Years 11 Months |
0 |
No |
|
Principal's Deeds Information - No information on record
Principal
- 3of 7 W R H BOWDEN W R H BOWDEN
|
Surname |
W R H BOWDEN |
|
First Name |
W R H BOWDEN |
|
ID Number |
4712235029002 |
|
Verified ID Number |
Yes |
|
Current Age |
65 |
|
Designation |
FINANCIAL DIRECTOR |
|
Status |
Active |
|
Appointment Date |
1997/02/28 |
|
Physical Address (at time of Appointment) |
35 DAWCLIFFE ROAD, WESTVILLE, 3629 |
|
Postal Address |
P 0 BOX 13330, JACOBS, 4026 |
|
Current Tel Number |
0312667510 |
|
Cell number |
0836380860 |
|
Shareholding/Membership |
0.0000 |
Principal's Adverse - No
information on record
Business
Information forW R H BOWDEN W R H BOWDEN Principal Current Business Interests
|
Company Name |
Registration
No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
DAWNCLIFFE
HOLIDAY PROPERTIES CC |
B1992/009218/23 |
In
Business |
20 Years 8 Months |
0 |
No |
|
|
CHAMPAGNE SHARE BLOCK LTD |
M1956/003056/06 |
In
Business |
56 Years 8 Months |
0 |
No |
|
|
BUSISA
INVESTMENTS (PTY) LTD |
M1978/002755/07 |
In
Business |
34 Years 10 Months |
0 |
No |
|
|
BOWDEN
AND COMPANY (PTY) LTD |
M2005/022475/07 |
In
Business |
7 Years 7 Months |
0 |
No |
|
|
CHAMPAGNE SPORTS AND RAQUET ASSOCIATION |
M2005/032053/08 |
In
Business |
7 Years 7 Months |
0 |
No |
|
Principal's Deeds Information - No information on record
Average Age of Previous Business 35 years
|
Company Name |
Registration No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
FELTEX LTD |
1933/016368/06 |
In Business |
79
Years 7 Months |
0 |
No |
|
|
PEARLMAR
HOLIDAY PROPERTIES CC |
B1992/010591/23 |
Deregistration
Final |
20
Years 8 Months |
0 |
No |
|
|
FELTEX (PTY)LTD |
M1933/016368/07 |
Dissolved |
79
Years 7 Months |
0 |
No |
|
|
FELTEX
HOLDINGS (PTY) LTD |
M1957/001891/07 |
In Business |
55
Years 7 Months |
0 |
No |
|
|
FELTEX
FOAM (PTY) LTD |
M1960/000218/07 |
Dissolved |
52
Years 4 Months |
0 |
No |
|
|
RIETER
FELTEX AUTOMOTIVE (PTY) LTD |
M1967/001707/07 |
Deregistration
Final |
45
Years 9 Months |
0 |
No |
|
|
AUTONEUM FELTEX (PTY) LTD |
M1997/011791/07 |
In Business |
15
Years 3 Months |
0 |
No |
|
|
RIENZO
PROPERTIES (PTY) LTD |
M2000/011036/07 |
Voluntary Liquidation |
|
0 |
Yes |
|
|
FUTURIS
FELTEX (PTY) LTD |
M2005/002768/07 |
In Business |
7 Years 7 Months |
0 |
No |
|
|
FELTEX TEXTILE
FELTS (PTY) LTD |
M2005/007092/07 |
In Business |
7 Years 7 Months |
0 |
No |
|
Principal's Deeds Information - No information on record
Principal
- 4of 7
WILLIAM
ROBERT HORSWILL BOWDEN
|
Surname |
BOWDEN |
|
First Name |
WILLIAM ROBERT HORSWILL |
|
ID Number |
4712230000000 |
|
Verified ID Number |
No |
|
Current Age |
65 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
1995/02/17 |
|
Physical Address (at time of Appointment) |
35 DAWNCLIFFE ROAD, WESTVILLE, 3600 |
|
Postal Address |
P 0 BOX 13330, JACOBS, 4026 |
|
Shareholding/Membership |
0.0000 |
Principal's Adverse - No
information on record
Business
Information for WILLIAM ROBERT HORSWILL BOWDEN
Principal
Current Business Interests
|
Company Name |
Registration
No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
BUSISA INVESTMENTS (PTY) LTD |
M1978/002755/07 |
In
Business |
34 Years 10 Months |
0 |
No |
|
Principal's Adverse - No information on record
Average Age of Previous Business 51
years
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
ISLAND VIEW INDUSTRIALS LTD |
M1905/018149/06 |
Deregistration
Final |
68 Years 8 Months |
0 |
No |
|
|
FELTEX
FEHRER (PTY) LTD |
M1947/025764/07 |
In Business |
65 Years 5 Months |
0 |
No |
|
|
FELTEX
FOAM (PTY) LTD |
M1960/000218/07 |
Dissolved |
52 Years 4 Months |
0 |
No |
|
|
ISLAND VIEW WHOLESALERS (PTY) LTD |
M1965/007203/07 |
Deregistration
Final |
47
Years 11 Months |
0 |
No |
|
|
TIERVLEI INDUSTRIAL PROPERTIES (PTY)LTD |
M1965/009858/07 |
Voluntary Liquidation |
47
Years 11 Months |
0 |
Yes |
|
|
ISLAND VIEW CARTAGE (PTY)LTD |
M1967/005464/07 |
Deregistration
Final |
45 Years 9 Months |
0 |
No |
|
|
EXTRUDED
FABRICS S A (PTY)LTD |
M1969/009811/07 |
Dissolved |
43 Years 7 Months |
0 |
No |
|
|
AFANAN PROPERTIES (PTY) LTD |
M1970/006266/07 |
Dissolved |
42 Years 6 Months |
0 |
No |
|
Principal's Deeds Information - No information on record
Principal
- 5of 7 NICHOLAS KOKORIS
|
Surname |
KOKORIS |
|
First Name |
NICHOLAS |
|
ID Number |
4407025069009 |
|
Verified ID Number |
Yes |
|
Current Age |
68 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
1966/07/10 |
|
Physical Address (at time of Appointment) |
ST JOHNS ROAD, UPPER HOUGHTON, JOHANNESBURG, 2198 |
|
Postal Address |
P O BOX 41818, CRAIGHALL, 2024 |
|
Shareholding/Membership |
0.0000 |
Principal's Adverse - No
information on record
Principal Previous Business Interests
Average Age of Previous Business 47 years
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
NIKI
INVESTMENTS (PTY) LTD |
M1957/001167/07 |
Deregistration
Final |
55 Years 7 Months |
0 |
No |
|
|
FELTEX
FOAM (PTY) LTD |
M1960/000218/07 |
Dissolved |
52 Years 4 Months |
0 |
No |
|
|
ANDIKKI HOLDINGS (PTY) LTD |
M1977/000899/07 |
Deregistration
Final |
35
Years 11 Months |
0 |
No |
|
Principal's Deeds Information - No information on record
|
Principal
- 6of 7 REBECCA KOKORIS |
|
|
Surname |
KOKORIS |
|
First Name |
REBECCA |
|
ID Number |
1407150030001 |
|
Verified ID Number |
Yes |
|
Current Age |
98 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
1961/03/31 |
|
Postal Address |
P 0 BOX 41818, CRAIGHALL, 2024 |
|
Shareholding/Membership |
0.0000 |
Principal's Adverse - No
information on record
Principal Previous Business Interests
Average Age of Previous Business 51 years
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
NIKI INVESTMENTS (PTY) LTD |
M1957/001167/07 |
Deregistration
Final |
55 Years 7 Months |
0 |
No |
|
|
FELTEX FOAM (PTY) LTD |
M1960/000218/07 |
Dissolved |
52 Years 4 Months |
0 |
No |
|
|
DAMA INVESTMENTS (PTY) LTD |
M1965/009115/07 |
Deregistration
Final |
47
Years 11 Months |
0 |
No |
|
Principal's Deeds Information - No information on record
|
Principal
- 7of 7 GEORGE KOKORIS |
|
|
Surname |
KOKORIS |
|
First Name |
GEORGE |
|
ID Number |
0709025032300 |
|
Verified ID Number |
No |
|
Current Age |
105 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
1961/03/31 |
|
Postal Address |
P 0 BOX 41818, CRAIGHALL, 2024 |
|
Shareholding/Membership |
0.0000 |
Principal's Adverse -
No information on record
Principal Previous Business Interests
Average Age of Previous Business 51 years
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
NIKI INVESTMENTS (PTY) LTD |
M1957/001167/07 |
Deregistration
Final |
55 Years 7 Months |
0 |
No |
|
|
FELTEX FOAM (PTY) LTD |
M1960/000218/07 |
Dissolved |
52 Years 4 Months |
0 |
No |
|
|
DAMA INVESTMENTS (PTY) LTD |
M1965/009115/07 |
Deregistration
Final |
47
Years 11 Months |
0 |
No |
|
Principal's Deeds Information - No information on record
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.91 |
|
UK Pound |
1 |
Rs.87.60 |
|
Euro |
1 |
Rs.70.01 |
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.