|
Report Date : |
02.08.2013 |
IDENTIFICATION DETAILS
|
Name : |
COLPAK
(PTY)LTD |
|
|
|
|
Formerly Known As : |
GEMINI
MOON TRADING PTY LTD |
|
|
|
|
Registered Office : |
71 7th
Avenue, Kensington, Maitland, 7405, Cape Town |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
15.10.2003 |
|
|
|
|
Com. Reg. No.: |
M2002/020008/07 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
The
subject is involved in the manufacturing of sausage casings, shrink sleeving
and laminated packaging. |
|
|
|
|
No. of Employees : |
Not Available |
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, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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 |
COLPAK
(PTY)LTD |
|
Country |
SOUTH
AFRICA |
|
Subject
Contact Person |
JO
VAN GIET - Logistics Manager |
|
Assessment |
On
investigation contact was made with the Logistics Manager, JO VAN GIET who informed
us that the provided contact person ROBERT JONES passed away in November 2012. The company has
been operating for 10 Years 11 Months. One possible judgement was revealed
during the investigation. Bank details, financial information and trade references
were declined as the identity of the principal enquirer was requested. Please
see the available information on the subject below. |
|
Registered
Name |
COLPAK
(PTY)LTD |
|
Trading
as/ Division Name |
COLPAK |
|
Previous
Name |
GEMINI
MOON TRADING PTY LTD |
|
Date
of Name Change |
2003-10-15 |
|
Registration
Number |
M2002/020008/07 |
|
Registration
Date |
2002/08/19 |
|
Date
Commenced Trading |
2002-08-19 |
|
Age
of Business |
10
Years 11 Months |
|
History
of Business |
COLPAK
(PTY)LTD was registered in 2002 and underwent a name change from GEMINI MOON
TRADING (PTY) LTD to the current name in October 2003. |
|
History
of Principals |
There
is one active director within the company |
|
Shareholders/Members/Partners
of subject and % holding |
Unavailable |
|
Authorised
Share Capital |
R1000.00 |
|
Issued
Share Capital/Members Contribution |
R
100.00 |
|
Status |
In
Business |
|
Operations
Assessment |
The
company is involved in the manufacturing of sausage casings, shrink sleeving
and laminated packaging. |
|
Industry/
Customers |
Food
and Beverage industries |
|
Export |
Unknown |
|
Import |
Unknown |
|
Major
Industry Code / SICC |
88950 |
|
Definition
of Code |
Packaging
activities |
|
Head
Office Physical Address |
71
7TH AVENUE, KENSINGTON, MAITLAND, 7405, CAPE TOWN |
|
Head
Office Postal Address |
P
0 BOX 2737, CAPE TOWN, 8000 |
|
Current
Tel Number |
0215938523 |
|
Cell
Number |
None |
|
Current
Fax Number |
0215938523 |
|
Current
Email Address |
|
|
Web
Site Address |
|
Company
Registered Name |
GRANT
THORNTON (JHB) |
|
Trading
Name |
GRANT
THORNTON |
|
Registration
Number |
1994/001166/21 |
|
Physical
Address |
137
DAISY STREET,SANDOWN, 2196 |
|
Postal
Address |
PRIVATE
BAG 28, BENMORE, 2010 |
|
Contact
Person |
Unavailable |
|
Contact
Number |
0113224500 |
|
Email |
|
|
Principals |
|
|
Judgements
Against Subject |
No
information found on file |
|
Judgements
Against Principals |
No
information found on file |
|
Subject
Verified as Client |
Yes |
|
Practice
Number |
925438 |
|
VAT
Number |
4300118389 |
|
Tax
Number |
Unavailable |
|
BEE
Status |
Level
4 |
|
Financial
Year End |
Unavailable |
|
No
of years in Business |
Unknown |
|
Website |
|
|
Comment |
|
Previous
Auditors Information - No Information on Record
|
Vat
Number |
4900209125 |
|
Status |
ACTIVE |
|
Vat
Liable Date |
2003/07/01 |
|
Tax
Number |
9960104140 |
|
Tax
Clearance Expire Date |
|
|
Financial
Year End |
June |
|
Comment |
|
Black
Economic Empowerment Information - No Information on Record
ISO
Information - No Information on Record
Workman's
compensation
|
Registered |
Yes |
|
Compliance
Certified |
Yes |
|
Comment |
|
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
Organisation
Chart
|
Level |
Position |
Name |
Comment |
|
|
|||
|
1 |
GROUP
CHAIRAAAN |
HAROLD
HENRY ZEH |
|
|
|
|||
|
2 |
GROUP
CEO AND AAANAGING DIRECTOR |
TONY
HAUGHTON |
|
|
|
|||
|
3 |
GROUP
FINANCE DIRECTOR |
RUSSELL
SMITH |
|
|
|
|||
|
4 |
FINANCE
DIRECTOR COLPAK |
ANTON
THEUNISSEN |
|
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
|
Judgements |
None |
||||
|
Possible
Judgements |
1 |
||||
|
Civil
Court |
0 |
||||
|
RDs |
0 |
||||
|
Comment |
No
Information on Record |
||||
|
Business
Rescue |
|||||
|
Date
registered |
Business
rescue practitioner |
Contact
Information |
Details |
Comment |
|
|
|
There
is no information found |
There
is no information |
No
Information on |
No
Information on |
|
|
on
file |
found
on file |
Record |
Record |
Default
Listings
|
Date |
Details |
Comment |
|
|
There
is no information found on file |
No
Information on Record |
|
Notarial
Bonds |
||
|
Date |
Details |
Comment |
|
|
There
is no information found on file |
No
Information on Record |
|
Number
of Principals |
1 |
|
Average
Age of Active Principals |
75 |
|
Active
Principals Principal - 1of 1 HAROLD ZEH |
|
|
Surname |
ZEH |
|
First
Name |
HAROLD |
|
Other
Names |
HENRY |
|
Marital
Status |
|
|
ID
Number |
3810065043003 |
|
Verified
ID Number |
No |
|
Current
Age |
74
Years 9 Months |
|
Designation |
GROUP
CHAIRMAN |
|
Status |
Active |
|
Appointment
Date |
2003/09/10 |
|
Physical
Address (at time of Appointment) |
GAYRIDGE,
29 UPPER SIDMOUTH AVENUE, CLAREMONT, 7700 |
|
Postal
Address |
GAYRIDGE,
29 UPPER SIDMOUTH AVENUE, CLAREMONT, 7700 |
|
Current
Tel Number |
0215938523 |
|
Cell
number |
Unavailable |
|
Shareholding/Membership |
0.00 |
Principal's
Adverse - No information on record
Business
Information forHAROLD ZEH
Principal
Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
COLPAK
(PTY)LTD |
M2002/020008/07 |
In
Business |
11
Years 11 Months |
0 |
No |
|
|
COLUMBIT
(PTY) LTD |
M1938/011449/07 |
In
Business |
75
Years 3 Months |
0 |
No |
|
Principal's
Deeds Information - No information on record
Principal
Previous Business Interests
Average
Age of Previous Business 0
Years
|
Company
Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
COLUMBIT
EXPORT MANAGEMENT CO (PTY) LTD |
M1965/004195/07 |
Deregistration
Final |
|
0 |
No |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.74 |
|
|
1 |
Rs.92.05 |
|
Euro |
1 |
Rs.80.60 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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.