|
Report Date : |
05.08.2013 |
IDENTIFICATION DETAILS
|
Name : |
SUNNYFIELD PACKING
COMPANY (PTY)LTD |
|
|
|
|
Registered Office : |
1139 South Coast Road, Mobeni,
4050 |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
30.08.1990 |
|
|
|
|
Com. Reg. No.: |
M1990/005197/07 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Manufacture of Packing
Material |
|
|
|
|
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 |
|
Status : |
Moderate |
|
Payment Behaviour : |
Unknown |
|
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 |
SUNNYFIELD PACKING
COMPANY (PTY) LTD |
|
Country |
South Africa |
|
Account Review |
Recommended Every 3
Months |
|
Subject Contact Person |
ZAIN - FINANCIAL MANAGER |
|
Assessment |
This is an established
business. On investigation contact was made with the financial manager MR.
ZAIN who requested a questionnaire to be sent to him. Numerous follow ups
were made to obtain the information to no avail. There is no adverse
information listed for the business, however there is 1 judgement against one
of the directors of the business. We await further information. Please see
the available information on the subject below. |
|
Registered Name |
SUNNYFIELD PACKING
COMPANY (PTY)LTD |
|
Trading as/ Division Name |
SUNNYFIELD PACKING
COMPANY |
|
Previous Name |
None |
|
Date of Name Change |
None |
|
Registration Number |
M1990/005197/07 |
|
Registration Date |
1990/08/30 |
|
Date Commenced Trading |
1990-08-30 |
|
Age of Business |
22 Years 9 Months |
|
History of Business |
The subject was established as a new business in 1990 and operations commenced immediately. |
|
History of Principals |
There are currently 4
active directors within the business. |
|
Shareholders/Members/Partners
of subject and % holding |
Unavailable |
|
Authorised Share Capital |
R 0.00 |
|
Issued Share Capital/Members
Contribution |
R 0.00 |
|
Status |
In Business |
|
Operations Assessment |
The subject manufactures
packaging products. |
|
Industry/ Customers |
Corporate businesses |
|
Major Industry Code /
SICC |
32323 |
|
Definition of Code |
MANUFACTURE OF PACKING
MATERIAL |
|
Head Office Physical
Address |
1139 South Coast Road,
MOBENI, 4050 |
|
Head Office Postal
Address |
PO Box 4638, DURBAN, 4001 |
|
Current Tel Number |
0312017089 |
|
Current Email Address |
|
Company Registered Name |
SULTAN AND ASSOCIATES |
|
Trading Name |
|
|
Registration Number |
7408155144080 |
|
Physical Address |
2 QUINTET, 380 MUSGRAVE
ROAD, BEREA, 4001 |
|
Postal Address |
POSTNET SUITE 272,
PRIVATE BAG X10, BEREA, 4062 |
|
Contact Person |
MUHAMMAD |
|
Contact Number |
0312082901 |
|
Email |
|
|
Principals |
1 |
|
Judgements Against
Subject |
None On Record |
|
Judgements Against
Principals |
None On Record |
|
Subject Verified as
Client |
Yes |
|
Practice Number |
902153 |
|
VAT Number |
4090235252 |
|
Tax Number |
|
|
BEE Status |
|
|
Financial Year End |
Febraury |
|
No of years in Business |
7 |
Previous Auditors
|
Company Name |
Phone Number |
Time with previous
auditors |
Comment |
|
PRICE WATERHOUSECOOPERS |
|
Unknown |
|
|
PRICE WATERHOUSECOOPERS
INC |
|
10 |
|
|
FARRAR JEEMA |
|
23 |
|
|
Vat Number |
4660119480 |
|
Status |
ACTIVE |
|
Vat Liable Date |
1991/09/30 |
|
Tax Number |
9297311202 |
|
Tax Clearance Expire Date |
|
|
Financial Year End |
June |
|
Comment |
|
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 |
Organisation Chart
Level | Position | Name | Comment
~1 I Director I ASHRAF ISMAIL
~1 I Director I NAUSHAD ISMAIL
~1 I Director I NASEER ISMAIL
~1 I Director I FAROUK ISMAIL
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
Adverse Information on
Subject
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
Principals
|
Number of Principals |
4 |
|
Average Age of Active
Principals |
52 |
|
Active Principals Principal
- 1of 4 ASHRAF ISMAIL |
|
|
Surname |
ISMAIL |
|
First Name |
ASHRAF |
|
Other Names |
ABDOOLA |
|
Marital Status |
Married |
|
ID Number |
6511175209089 |
|
Verified ID Number |
Yes |
|
Current Age |
48 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2010/05/19 |
|
Physical Address (at time
of Appointment) |
25 SWANSMILE ROAD,
YELLOWWOOD PARK, 4004 |
|
Postal Address |
P.O BOX 4638, DURBAN,
4000 |
|
Current Tel Number |
0314622322 |
|
Cell number |
0839378696 |
|
Shareholding/Membership |
0.0000 |
Adverse Information
forASHRAF ISMAIL
Principal Judgement
|
Number of Judgements |
1 |
|
Principal Debt Review |
|
|
Debt review |
No Information on Record |
|
Other |
|
|
Default data |
No Information on Record |
Business Information
forASHRAF ISMAIL
Principal Current Business
Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
||||||
|
FULLOUTPUT 1096 CC |
B2000/015814/23 |
In Business |
13 Years 2 Months |
0 |
No |
|
||||||
|
WILBAT PROJECTS 611 CC |
B2000/030048/23 |
In Business |
12 Years 11 Months |
0 |
No |
|
||||||
|
WILBAT PROJECTS 613 CC |
B2000/034662/23 |
In Business |
12 Years 11 Months |
0 |
No |
|
||||||
|
WILBAT PROJECTS 614 CC |
B2000/035016/23 |
In Business |
12 Years 11 Months |
0 |
No |
|
||||||
|
DELTA BLUE TRADING 267 CC |
B2005/061887/23 |
In Business |
7 Years 11 Months |
0 |
No |
|
||||||
|
HULLEY AND RICE (PTY)LTD |
M1963/001275/07 |
In Business |
50 Years 2 Months |
0 |
No |
|
||||||
|
ONE SEVEN SEVEN SIX
INVESTMENTS (PTY)LTD |
M1983/008979/07 |
Deregistration Process |
29 Years 9 Months |
0 |
No |
|
||||||
|
SUGARBEE SWEETS (PTY)LTD |
M1987/001018/07 |
In Business |
26 Years 2 Months |
0 |
No |
|
||||||
|
SAM AND JACK PROPERTIES (PTY)LTD |
M1989/000494/07 |
In Business |
24 Years 3 Months |
0 |
No |
|
||||||
|
SUNNYFIELD PACKING
COMPANY (PTY)LTD |
M1990/005197/07 |
In Business |
22 Years 9 Months |
0 |
No |
|
||||||
|
SOLVISTA INVESTMENTS (PTY)LTD |
M1994/004858/07 |
In Business |
18 Years 10 Months |
0 |
No |
|
||||||
|
FASIC INVESTMENT
CORPORATION LTD |
M1997/003335/06 |
In Business |
16 Years 2 Months |
0 |
No |
|
||||||
|
BEIGE HOLDINGS LTD |
M1997/006871/06 |
In Business |
16 Years |
0 |
No |
|
||||||
|
ELANDSFONTEIN BEVERAGE
MARKETING (PTY)LTD |
M1997/007978/07 |
In Business |
16 Years |
1 |
No |
|
||||||
|
THE LION MATCH COMPANY (PTY)LTD |
M1998/008912/07 |
In Business |
15 Years |
0 |
No |
|
||||||
|
WILBAT PROJECTS 311
(PTY)LTD |
M1998/016380/07 |
Deregistration Process |
14 Years 9 Months |
0 |
No |
|
||||||
|
CAPITAL TOBACCO AND
DISTRIBUTION (PTY)LTD |
M1999/025087/07 |
In Business |
13 Years 6 Months |
1 |
No |
|
||||||
|
NEWINVEST 158 (PTY)LTD |
M2000/001383/07 |
Deregistration Process |
13 Years 4 Months |
0 |
No |
|
||||||
|
WILBAT PROJECTS 321
(PTY)LTD |
M2000/014454/07 |
In Business |
12 Years 10 Months |
0 |
No |
|
||||||
|
WILBAT PROJECTS 323
(PTY)LTD |
M2000/014846/07 |
In Business |
12 Years 10 Months |
0 |
No |
|
||||||
|
VALOUR TRADING (PTY)LTD |
M2001/004655/07 |
In Business |
12 Years 2 Months |
0 |
No |
|
||||||
|
STAR CHOICE TRADING 6
(PTY)LTD |
M2001/025440/07 |
Deregistration Process |
11 Years 7 Months |
0 |
No |
|
||||||
|
POUND STRETCHER (PTY)LTD |
M2002/012667/07 |
In Business |
11 Years |
0 |
No |
|
||||||
|
GOLDEN FALLS TRADING 183
(PTY)LTD |
M2004/012773/07 |
In Business |
9 Years |
0 |
No |
|
||||||
|
SHARIEF TRADING (PTY)LTD |
M2005/025389/07 |
In Business |
7 Years 10 Months |
0 |
No |
|
||||||
Principal Previous Business
Interests
Principal's Deeds
Information - No information on record
Average Age of Previous
Business 16 Years
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
SOUTHVIEWS INVESTMENTS (PTY)LTD |
M1993/002700/07 |
Deregistration Final |
20 Years |
0 |
No |
|
|
NEWINVEST 167 (PTY)LTD |
M2000/001773/07 |
In Business |
13 Years 3 Months |
0 |
No |
|
Principal - 2of 4
NAUSHAD ISMAIL
|
Surname |
ISMAIL |
|
First Name |
NAUSHAD |
|
Other Names |
ABDOOLA |
|
Marital Status |
Married |
|
ID Number |
6001305144083 |
|
Verified ID Number |
Yes |
|
Current Age |
53 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
1990/08/30 |
|
Physical Address (at time
of |
1 VILLE CASALI, 126
BELLEVILLE ROAD, DURBAN, 4001 |
|
Appointment) |
|
|
Postal Address |
P O BOX 918, DURBAN, 4000 |
|
Current Tel Number |
0313081711 |
|
Cell number |
0827869133 |
|
Shareholding/Membership |
0.0000 |
Adverse Information
forNAUSHAD ISMAIL
Principal Judgement
|
Number of Judgements |
0 |
|
Principal Debt Review |
|
|
Debt review |
No Information on Record |
|
Other |
|
|
Default data |
No Information on Record |
Business Information forNAUSHAD
ISMAIL
Principal Current Business
Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
||||||
|
PLAZA HYPER CC |
B2002/050630/23 |
In Business |
10 Years 10 Months |
0 |
No |
|
||||||
|
HULLEY AND RICE (PTY)LTD |
M1963/001275/07 |
In Business |
50 Years 2 Months |
0 |
No |
|
||||||
|
NATIONAL SHAVING PRODUCTS
(PTY)LTD |
M1964/007757/07 |
In Business |
48 Years 7 Months |
0 |
No |
|
||||||
|
ONE SEVEN SEVEN SIX INVESTMENTS
(PTY)LTD |
M1983/008979/07 |
Deregistration Process |
29 Years 9 Months |
0 |
No |
|
||||||
|
CREST LIFE AND GENERAL
(PTY)LTD |
M1986/001936/07 |
In Business |
27 Years |
0 |
No |
|
||||||
|
SUGARBEE SWEETS (PTY)LTD |
M1987/001018/07 |
In Business |
26 Years 2 Months |
0 |
No |
|
||||||
|
SAM AND JACK PROPERTIES (PTY)LTD |
M1989/000494/07 |
In Business |
24 Years 3 Months |
0 |
No |
|
||||||
|
SUNNYFIELD PACKING
COMPANY (PTY)LTD |
M1990/005197/07 |
In Business |
22 Years 9 Months |
0 |
No |
|
||||||
|
SOLVISTA INVESTMENTS (PTY)LTD |
M1994/004858/07 |
In Business |
18 Years 10 Months |
0 |
No |
|
||||||
|
DISCERN INVESTMENTS (PTY)LTD |
M1995/013739/07 |
In Business |
17 Years 5 Months |
0 |
No |
|
||||||
|
FASIC INVESTMENT
CORPORATION LTD |
M1997/003335/06 |
In Business |
16 Years 2 Months |
0 |
No |
|
||||||
|
BEIGE HOLDINGS LTD |
M1997/006871/06 |
In Business |
16 Years |
0 |
No |
|
||||||
|
ELANDSFONTEIN BEVERAGE
MARKETING (PTY)LTD |
M1997/007978/07 |
In Business |
16 Years |
1 |
No |
|
||||||
|
THE LION MATCH COMPANY (PTY)LTD |
M1998/008912/07 |
In Business |
15 Years |
0 |
No |
|
||||||
|
G10 INVESTMENTS (PTY)LTD |
M1998/009496/07 |
In Business |
15 Years |
0 |
No |
|
||||||
|
WILBAT PROJECTS 311
(PTY)LTD |
M1998/016380/07 |
Deregistration Process |
14 Years 9 Months |
0 |
No |
|
||||||
|
QUO INDUSTRIES (PTY)LTD |
M1999/006666/07 |
In Business |
14 Years 2 Months |
0 |
No |
|
||||||
|
CAPITAL TOBACCO AND
DISTRIBUTION (PTY)LTD |
M1999/025087/07 |
In Business |
13 Years 6 Months |
1 |
No |
|
||||||
|
NEWINVEST 158 (PTY)LTD |
M2000/001383/07 |
Deregistration Process |
13 Years 4 Months |
0 |
No |
|
||||||
|
WILBAT PROJECTS 321
(PTY)LTD |
M2000/014454/07 |
In Business |
12 Years 10 Months |
0 |
No |
|
||||||
|
WILBAT PROJECTS 323 (PTY)LTD |
M2000/014846/07 |
In Business |
12 Years 10 Months |
0 |
No |
|
||||||
|
VALOUR TRADING (PTY)LTD |
M2001/004655/07 |
In Business |
12 Years 2 Months |
0 |
No |
|
||||||
|
STAR CHOICE TRADING 6
(PTY)LTD |
M2001/025440/07 |
Deregistration Process |
11 Years 7 Months |
0 |
No |
|
||||||
|
POUND STRETCHER (PTY)LTD |
M2002/012667/07 |
In Business |
11 Years |
0 |
No |
|
||||||
|
SHARIEF TRADING (PTY)LTD |
M2005/025389/07 |
In Business |
7 Years 10 Months |
0 |
No |
|
||||||
Principal Previous Business
Interests
Average Age of Previous
Business 21 Years
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
20 ALPINE HEATH CC |
B1996/038582/23 |
Deregistration Final |
16 Years 9 Months |
0 |
No |
|
|
K C S A HOLDINGS (PTY)LTD |
M1948/032113/07 |
In Business |
64 Years 5 Months |
0 |
No |
|
|
KIMBERLY-CLARK SOUTHERN
AFRICA (HOLDINGS) (PTY)LTD |
M1969/002685/07 |
In Business |
44 Years 3 Months |
0 |
No |
|
|
SOUTHVIEWS INVESTMENTS (PTY)LTD |
M1993/002700/07 |
Deregistration Final |
20 Years |
0 |
No |
|
|
MEREBANK MEDICAL CLINIC
(PTY)LTD |
M1994/008453/07 |
Deregistration Final |
18 Years 7 Months |
0 |
No |
|
|
SEVERN MARKETING (PTY)LTD |
M1998/016213/07 |
Deregistration Final |
14 Years 9 Months |
0 |
No |
|
|
NEWINVEST 167 (PTY)LTD |
M2000/001773/07 |
In Business |
13 Years 3 Months |
0 |
No |
|
|
KARBOTEK CARBON TECHNOLOGIES (PTY)LTD |
M2001/025939/07 |
In Business |
11 Years 7 Months |
1 |
No |
|
|
GOLDEN FALLS TRADING 183
(PTY)LTD |
M2004/012773/07 |
In Business |
9 Years |
0 |
No |
|
|
ERF 627 AND 628 ESTCOURT
(PTY)LTD |
M2008/015636/07 |
In Business |
4 Years 10 Months |
0 |
No |
|
Principal's Deeds
Information - No information on record
Principal - 3of 4
NASEER ISMAIL
|
Surname |
ISMAIL |
|
First Name |
NASEER |
|
Other Names |
ABDOOLA |
|
Marital Status |
Married |
|
ID Number |
6111025167080 |
|
Verified ID Number |
Yes |
|
Current Age |
52 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
1990/08/30 |
|
Physical Address (at time
of Appointment) |
26 SHOLAPUR ROAD,
MEREBANK, 4052 |
|
Postal Address |
P O BOX 4638, DURBAN,
4000 |
|
Current Tel Number |
0314622332 |
|
Cell number |
0829085786 |
|
Shareholding/Membership |
0.0000 |
Adverse Information
forNASEER ISMAIL
Principal Judgement
Number of Judgements 0
Principal Debt Review
Debt review No Information
on Record
Other
Default data |No Information
on Record
Business Information
forNASEER ISMAIL
Principal Current Business
Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
SUNNYFIELD PACKING
COMPANY (PTY)LTD |
M1990/005197/07 |
In Business |
22 Years 9 Months |
0 |
No |
|
|
STAR CHOICE TRADING 6
(PTY)LTD |
M2001/025440/07 |
Deregistration Process |
11 Years 7 Months |
0 |
No |
|
Principal's Deeds
Information - No information on record
Principal Previous Business
Interests
Principal - 4of 4 FAROUK
ISMAIL
|
Surname |
ISMAIL |
|
First Name |
FAROUK |
|
Other Names |
ABDOOLA |
|
Marital Status |
Married |
|
ID Number |
5501055029088 |
|
Verified ID Number |
Yes |
|
Current Age |
58 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
1990/08/30 |
|
Physical Address (at time
of |
26 SHOLAPUR ROAD,
MEREBANK, 4052 |
|
Appointment) |
|
|
Postal Address |
P O BOX 31388, MEREBANK,
4059 |
|
Current Tel Number |
0319122243 |
|
Cell number |
0829075786 |
|
Shareholding/Membership |
0.0000 |
Adverse Information
forFAROUK ISMAIL Principal Judgement
Number of Judgements 0
Principal Debt Review
Debt review No Information
on Record
Other
Default data No Information on
Record
Business Information
forFAROUK ISMAIL
Principal Current Business
Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
SUNNYFIELD PACKING
COMPANY (PTY)LTD |
M1990/005197/07 |
In Business |
22 Years 9 Months |
0 |
No |
|
|
DISCERN INVESTMENTS (PTY)LTD |
M1995/013739/07 |
In Business |
17 Years 5 Months |
0 |
No |
|
Principal's Deeds
Information - No information on record
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.80 |
|
|
1 |
Rs.91.95 |
|
Euro |
1 |
Rs.80.37 |
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.