|
Report Date : |
02.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
SEA-TRADE SPECIALISED COMMODITIES (PTY)LTD |
|
|
|
|
Formerly Known As : |
SEARICE TRADING AND SHIPPING |
|
|
|
|
Registered Office : |
Building No 1, Glass House Office Park, 309 Umhlanga
Rocks Drive, Umhlanga Ridge, 4319 |
|
|
|
|
Country : |
South Africa |
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|
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Date of Incorporation : |
25.01.2010 |
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Com. Reg. No.: |
M2010/001060/07 |
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|
|
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Legal Form : |
Private Company |
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Line of Business : |
Not Available |
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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 |
|
Status : |
Moderate |
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|
|
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Payment Behaviour : |
Unknown |
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|
|
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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 – September 30th, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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 |
SEA-TRADE SPECIALISED COMMODITIES (PTY)LTD |
|
Country |
SOUTH AFRICA |
|
Enquiry Terms |
30 Days |
|
Account Review |
Recommended Every 6 Months |
|
Subject Contact Person |
MICHAEL HIGH-Director |
|
Assessment |
This is a new business. On investigation we made contact with MICHAEL HIGH the director who declined to assist with any information on the subject. MR HIGH requested to know the name of the principal enquirer before he can divulge any information regarding the subject. Please see the available information on the subject below. |
|
Registered Name |
SEA-TRADE SPECIALISED COMMODITIES (PTY)LTD |
|
Trading as/ Division Name |
None |
|
Previous Name |
SEARICE TRADING AND SHIPPING |
|
Date of Name Change |
2013-01-07 |
|
Registration Number |
M2010/001060/07 |
|
Registration Date |
2010/01/25 |
|
Date Commenced Trading |
2010-01-25 |
|
Age of Business |
3 Years 10 Months |
|
History of Business |
The business was established in 2010 |
|
History of Principals |
There are 4 active directors within the subject |
|
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 |
Unavailable |
|
Industry/ Customers |
Unavailable |
|
Export |
Declined |
|
Import |
Declined |
|
Major Industry Code / SICC |
9000 |
|
Definition of Code |
Other activities not adequately defined. |
|
Head Office Physical Address |
BUILDING NO 1, GLASS HOUSE OFFICE PARK, 309 UMHLANGA ROCKS DRIVE, UMHLANGA RIDGE, 4319 |
|
Head Office Postal Address |
P O BOX 337, UMHLANGA, 4320 |
|
Current Tel Number |
Unavailable |
|
Cell Number |
0832653784 |
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Current Fax Number |
Unavailable |
|
Current Email Address |
|
|
Web Site Address |
Unavailable |
|
Company Registered Name |
KPMG INC |
|
Trading Name |
KPMG |
|
Registration Number |
1999/021543/21 |
|
Physical Address |
KPMG House, Norvic Drive,GREENACRES, PORT ELIZABETH, 6045 |
|
Postal Address |
P O BOX 1662,PORT ELIZABETH, 6000 |
|
Contact Person |
DULCE |
|
Contact Number |
0413951500 |
|
Email |
|
|
Judgements Against Subject |
No found on file |
|
Judgements Against Principals |
No found on file |
|
Subject Verified as Client |
Yes |
|
Practice Number |
04846622 |
|
VAT Number |
4530188665 |
|
Tax Number |
9559555843 |
|
BEE Status |
Level 2 |
|
Financial Year End |
June |
|
No of years in Business |
Unknown |
|
Website |
Previous Auditors Information - No Information on Record
|
Vat Number |
4350255677 |
|
Status |
ACTIVE |
|
Vat Liable Date |
2010/05/01 |
|
Tax Number |
9591422168 |
|
Financial Year End |
December |
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 |
Director |
STEVEN BRESKY |
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|
|
|||
|
1 |
Director |
DAVID MICHAEL DANNOV |
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|
|
|||
|
1 |
Director |
MICHAEL HIGH |
|
|
|
|||
|
1 |
Director |
ROBERT STEER |
|
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
Business Rescue - 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 |
4 |
|
Average Age of Active Principals |
54 |
|
Active
Principals Principal - 1 of 4 MICHAEL HIGH |
|
|
Surname |
HIGH |
|
First Name |
MICHAEL |
|
Other Names |
JOHN |
|
Marital Status |
|
|
ID Number |
6005175046088 |
|
Verified ID Number |
Yes |
|
Current Age |
Unknown |
|
Designation |
DIRECTOR |
|
Status |
Active |
|
Appointment Date |
2010/01/25 |
|
Physical Address (at time of Appointment) |
17 BALGOWNIE CRESCENT, DURBAN NORTH, 4051 |
|
Postal Address |
P O BOX 337, UMHLANGA, 4320 |
|
Current Tel Number |
0315644115 |
|
Cell number |
0832653784 |
|
Shareholding/Membership |
0.00 |
Principal's Adverse -
No information on record
Business Information
for MICHAEL HIGH
Principal Current Business
Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
EUROGERM SOUTH
AFRICA (PTY)LTD |
K2012/142823/07 |
In Business |
1 Years 1 Months |
0 |
No |
|
|
INTERAFRICA GRAINS (PTY)LTD |
2000/030358/07 |
In Business |
13 Years 1 Months |
0 |
No |
|
|
JURA INVESTMENTS (PTY)LTD |
M1997/011971/07 |
In Business |
16 Years 4 Months |
0 |
No |
|
|
SEA-TRADE SPECIALISED COMMODITIES (PTY)LTD |
M2010/001060/07 |
In Business |
3 Years 3 Months |
0 |
No |
|
|
SEABOARD OVERSEAS TRADING AND SHIPPING (PTY)LTD |
M1996/000056/07 |
In Business |
17 Years 5 Months |
0 |
No |
|
Principal Deeds Information Property
Interests for MICHAEL HIGH
|
Title Deed No. |
ST4493/2011 |
Erf/Site No. |
12244 |
|
Deeds Office |
CAPE TOWN |
Physical Address |
|
|
Property Type |
Sectional Title |
Extent / Size |
30.0SQM |
|
Purchase Date |
2010/11/29 |
Purchase price |
|
|
% Ownership |
0.00 |
Bond Holder |
FIRSTRAND BANK LTD |
|
Bond Number |
SB19642011 |
Bond Amount |
|
|
Comment |
|
||
|
Property Interests for
MICHAEL HIGH |
|||
|
Title Deed No. |
ST4493/2011 |
Erf/Site No. |
12244 |
|
Deeds Office |
CAPE TOWN |
Physical Address |
|
|
Property Type |
Sectional Title |
Extent / Size |
116.0SQM |
|
Purchase Date |
2010/11/29 |
Purchase price |
|
|
% Ownership |
0.00 |
Bond Holder |
FIRSTRAND BANK LTD |
|
Bond Number |
SB19642011 |
Bond Amount |
|
|
Comment |
|
||
|
Property Interests for
MICHAEL HIGH |
|||
|
Title Deed No. |
T17864/2011 |
Erf/Site No. |
|
|
Deeds Office |
PIETERMARITZBURG |
Physical Address |
76 FAIRWAY BEACHWOOD DURBAN NORTH |
|
Property Type |
Freehold |
Extent / Size |
1012.0SQM |
|
Purchase Date |
2011/03/03 |
Purchase price |
|
|
% Ownership |
0.00 |
Bond Holder |
STANDARD BANK OF SOUTH AFRICA L |
|
Bond Number |
B137992011 |
Bond Amount |
|
Principal - 2 of 4
DAVID
DANNOV
|
Surname |
DANNOV |
|
First Name |
DAVID |
|
Other Names |
MICHAEL |
|
ID Number |
6106280000000 |
|
Verified ID Number |
No |
|
Current Age |
52 Years 5 Months |
|
Designation |
PRESIDENT OF THE SEABOARD |
|
Status |
Active |
|
Appointment Date |
2010/01/25 |
|
Physical Address (at time of Appointment) |
6000 SUNRISE DRIVE, FAIRWAY, KANSAS 66205, USA, 0000 |
|
Postal Address |
9000 WEST, 67TH STREET MERRIAM, KANSAS 66202, USA, 0000 |
|
Shareholding/Membership |
0.00 |
Principal's Adverse -
No information on record
Business Information
for DAVID DANNOV
Principal Current
Business Interests
|
Company Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
GLORIDGE BAKERY
(PTY)LTD |
M2007/011001/07 |
In Business |
6 Years 6 Months |
0 |
No |
|
|
SEA-TRADE SPECIALISED COMMODITIES (PTY)LTD |
M2010/001060/07 |
In Business |
3 Years 3 Months |
0 |
No |
|
|
SEABOARD OVERSEAS TRADING AND SHIPPING (PTY)LTD |
M1996/000056/07 |
In Business |
17 Years 5 Months |
0 |
No |
|
Principal Previous Business Interests
Average Age of Previous Business 13 Years
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
SEABOARD OVERSEAS LIMITED INCORPORATED IN NASSAU,BAHAMAS |
M2000/004329/10 |
Deregistration Final |
13 Years 1 Months |
0 |
No |
|
Principal - 3 of 4
ROBERT STEER
|
Surname |
STEER |
|
First Name |
ROBERT |
|
Other Names |
NONE |
|
ID Number |
5908280000000 |
|
Verified ID Number |
No |
|
Current Age |
54 Years 3 Months |
|
Designation |
SENIOR VICE PRESIDENT AND CFO |
|
Status |
Active |
|
Appointment Date |
2010/01/25 |
|
Physical Address (at time of Appointment) |
7624 OAKVIEW LANE, LENEXA, KANSAS 66216, USA, 0000 |
|
Postal Address |
9000 WEST, 67TH STREET MERRIAM, KANSAS 66202, USA, 0000 |
|
Shareholding/Membership |
0.00 |
Principal's Adverse -
No information on record
Business Information
for ROBERT STEER
Principal Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
SEA-TRADE SPECIALISED COMMODITIES (PTY)LTD |
M2010/001060/07 |
In Business |
3 Years 3 Months |
0 |
No |
|
|
SEABOARD OVERSEAS TRADING AND SHIPPING (PTY)LTD |
M1996/000056/07 |
In Business |
17 Years 5 Months |
0 |
No |
|
Principal Previous Business Interests
Average Age of Previous Business 13 Years
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
SEABOARD OVERSEAS LIMITED INCORPORATED IN NASSAU,BAHAMAS |
M2000/004329/10 |
Deregistration Final |
13 Years 1 Months |
0 |
No |
|
Principal - 4 of 4
STEVEN BRESKY
|
Surname |
BRESKY |
|
First Name |
STEVEN |
|
Other Names |
NONE |
|
ID Number |
5304020000000 |
|
Verified ID Number |
No |
|
Current Age |
60 Years 7 Months |
|
Designation |
CHAIRMAN,PRESIDENT&CEO OF SEABOARD |
|
Status |
Active |
|
Appointment Date |
2010/01/25 |
|
Physical Address (at time of Appointment) |
3817 WEST, 65TH STREET MISSION HILLS, KANSAS 66208, USA, 0000 |
|
Postal Address |
9000 WEST, 67TH STREET MERRIAM, KANSAS 66202, USA, 0000 |
|
Shareholding/Membership |
0.00 |
Principal's Adverse -
No information on record
Business Information for STEVEN BRESKY
Principal Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
SEA-TRADE SPECIALISED COMMODITIES (PTY)LTD |
M2010/001060/07 |
In Business |
3 Years 3 Months |
0 |
No |
|
Principal Previous Business Interests
Average Age of Previous Business 13 Years
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
SEABOARD OVERSEAS LIMITED INCORPORATED IN NASSAU,BAHAMAS |
M2000/004329/10 |
Deregistration Final |
13 Years 1 Months |
0 |
No |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.39 |
|
UK Pound |
1 |
Rs.102.06 |
|
Euro |
1 |
Rs.84.98 |
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.