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Report Date : |
25.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
SUPAPACKERS FISH PROCESSORS CC |
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Registered Office : |
169 Neil Hare Road, Atlantis, Western Cape |
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Country : |
South Africa |
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Date of Incorporation : |
16.07.2002 |
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Com. Reg. No.: |
B2002/054319/23 |
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Legal Form : |
Closed Corporation |
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Line of Business : |
subject wholesales fish and other delicacies |
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No. of Employees : |
Not available |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
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 and a stock
exchange that is the 15th largest in the world. Even though the country
possesses modern infrastructure that support a relatively efficient
distribution of goods to major urban centers throughout the region, some
components retard growth. The economy began to slow in the second half of 2007
due to an electricity crisis. 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. Subsequently, the global financial crisis reduced commodity
prices and world demand. GDP fell nearly 2% in 2009 but has recovered since
then. Unemployment, poverty, and inequality remain a challenge, with official
unemployment at nearly 25% of the work force. State power supplier Eskom has
built two new power stations and installed new power demand management programs
to improve power grid reliability. South Africa's economic policy has focused
on controlling inflation, however, the country has had significant budget
deficits that restrict its ability to deal with pressing economic problems. The
current government faces 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 |
SUPAPACKERS FISH PROCESSORS (PTY)LTD |
|
Country |
South Africa |
|
Subject Contact Person |
RUDOLF - Financial Manager |
|
Assessment |
This is an established business. On investigation contact was made with the financial manager MR. RUDOLF who requested a questionnaire to be sent to the company. On following up on the questionnaire MR. RUDOLF stated that he will require more time to provide the required information. We await further information. Please see the available information on the subject below. |
|
Registered Name |
SUPAPACKERS FISH PROCESSORS CC |
|
Trading as/ Division Name |
SUPAPACKERS FISH PROCESSORS |
|
Registration Number |
B2002/054319/23 |
|
Registration Date |
2002/07/16 |
|
Date Commenced Trading |
2002-07-16 |
|
Age of Business |
10 Years 9 Months |
|
History of Business |
The subject was established as a new business in 2002. |
|
History of Principals |
There are 2 active members within the company. |
|
Authorised Share Capital |
R0.00 |
|
Issued Share Capital/Members Contribution |
R0.00 |
|
Status |
Conversion CO/CC or CC/CO |
|
Operations Assessment |
The subject wholesales fish and other delicacies. |
|
Industry/ Customers |
Supermarkets and all major food retailers |
|
Major Industry Code / SICC |
61221 |
|
Definition of Code |
Wholesale trade in foodstuffs |
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Head Office Physical Address |
169 Neil Hare Road, ATLANTIS, WESTERN CAPE |
|
Head Office Postal Address |
P 0 BOX 1577, DASSENBERG, 7350 |
|
Current Tel Number |
0215774777 |
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Current Email Address |
|
Company Registered Name |
C2M CHARTERED ACCOUNTANTS |
|
Registration Number |
M2007/009036/21 |
|
Physical Address |
TYGERFORUM B, 53 WILLIE VAN, SCHOOR AVENUE, TYGERVALLEY, 7530 |
|
Postal Address |
PO 3347, TYGERVALLEY, 7536 |
|
Contact Person |
ELIZABETH |
|
Contact Number |
0219140281 |
|
Principals |
4 |
|
Subject Verified as Client |
Yes |
|
Practice Number |
958662 |
|
VAT Number |
4670243932 |
|
Tax Number |
9370031164 |
|
Financial Year End |
February |
|
No of years in Business |
6 |
Previous Auditors
|
Company Name |
Phone Number |
Time with previous auditors |
Comment |
|
AAALHERBE LOURENS |
|
Unknown |
|
|
ANDREW ZURNAMER |
|
Unknown |
|
· Black Economic Empowerment Information - No Information on Record
Tax
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
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
· Business Rescue - No Information on Record
Judgements
- 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
Property Interests for Company
SUPAPACKERS FISH PROCESSORS (PTY)LTD
|
Title Deed No. |
T60274/2008 |
Erf/Site No. |
|
|
Deeds Office |
CAPE TOWN |
Physical Address |
ATLANTIS INDUSTRIAL ATLANTIS |
|
Property Type |
Farms |
Extent / Size |
4.484SQM |
|
Purchase Date |
2008/05/16 |
Purchase price |
|
|
% Ownership |
0.00 |
Bond Holder |
FIRSTRAND BANK LTD |
|
Bond Number |
B565042008 |
Bond Amount |
|
|
Number of Principals |
2 |
|
Average Age of Active Principals |
41 |
Active Principals
Principal - 1of 2 SERGIO FIGUEIREDO
|
Surname |
FIGUEIREDO |
|
First Name |
SERGIO |
|
Other Names |
NUNU DE BRITO |
|
Marital Status |
Single |
|
ID Number |
7308055575088 |
|
Verified ID Number |
No |
|
Current Age |
40 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2009/06/24 |
|
Physical Address (at time of Appointment) |
2 KLIPPERS STREET, WELGEMOED, 7530 |
|
Postal Address |
2 KLIPKERS STREET, WELGEMOED, 7530 |
|
Current Tel Number |
0215774777 |
|
Cell number |
|
|
Shareholding/Membership |
0.0000 |
Principal's Adverse -
No information on record
Business Information
for SERGIO FIGUEIREDO
Principal Current
Business Interests
|
Company Name |
Registration No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
SILVER STREAMS SEAFOOD CC |
2005/120010/23 |
In Business |
7 Years 8 Months |
0 |
No |
|
|
SUPAPACKERS FISH
PROCESSORS CC |
B2002/054319/23 |
Conversion CO/CC or CC/CO |
10 Years 9 Months |
0 |
No |
|
|
ATLANTIS SEAFOOD PRODUCTS (PTY) LTD |
M2010/018540/07 |
In Business |
2 Years 7 Months |
0 |
No |
|
|
SILVER STREAMS
SEAFOOD (PTY)LTD |
M2010/024361/07 |
In Business |
2 Years 4 Months |
0 |
No |
|
Principal Previous Business Interests
Average Age of Previous Business 10 Years
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
BIG SKY TRADING 155 CC |
B2002/048567/23 |
Deregistration Final |
10 Years 9 Months |
0 |
No |
|
Principal's Deeds
Information - No information on record
Principal - 2of 2
LUIS FIGUEIREDO
|
Surname |
FIGUEIREDO |
|
First Name |
LUIS |
|
Other Names |
DE BRITTO |
|
Marital Status |
Married |
|
ID Number |
7102185383087 |
|
Verified ID Number |
Yes |
|
Current Age |
42 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2009/06/24 |
|
Physical Address (at time of Appointment) |
PORTION 5 TWISTFONTEIN FARM, MELKBOSSTRAND, 7441 |
|
Postal Address |
PO BOX 599, MELKBOSSTRAND, 7437 |
|
Current Tel Number |
0215774999 |
|
Cell number |
0846166600 |
|
Shareholding/Membership |
0.0000 |
Principal's Adverse -
No information on record
Business Information
for LUIS FIGUEIREDO
Principal Current
Business Interests
|
Company Name |
Registration No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
SILVER STREAMS SEAFOOD CC |
2005/120010/23 |
In Business |
7 Years 8 Months |
0 |
No |
|
|
SUPAPACKERS FISH PROCESSORS CC |
B2002/054319/23 |
Conversion CO/CC or CC/CO |
10 Years 9 Months |
0 |
No |
|
|
WEST COAST VAN REENEN INVESTMENTS (PTY) LTD |
M2002/004873/07 |
Conversion CO/CC or CC/CO |
11 Years 1 Months |
0 |
No |
|
|
SUPAPACKERS HOLDINGS (PTY) LTD |
M2010/009574/07 |
In Business |
2 Years 11 Months |
0 |
No |
|
|
ATLANTIS SEAFOOD PRODUCTS (PTY) LTD |
M2010/018540/07 |
In Business |
2 Years 7 Months |
0 |
No |
|
|
IMPERIAL CROWN TRADING 436 (PTY) LTD |
M2010/021773/07 |
In Business |
2 Years 6 Months |
0 |
No |
|
|
SILVER STREAMS SEAFOOD (PTY)LTD |
M2010/024361/07 |
In Business |
2 Years 4 Months |
0 |
No |
|
Principal's Deeds
Information - No information on record
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.30 |
|
UK Pound |
1 |
Rs.82.88 |
|
Euro |
1 |
Rs.70.80 |
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.