|
Report Date : |
27.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
BIOTRACE
TRADING 221 (PTY) LTD |
|
|
|
|
Registered Office : |
61
Willowfield Cresent, |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
20.02.2002 |
|
|
|
|
Com. Reg. No.: |
M2002/003804/07 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Manufacture
of paints, varnishes and coatings, printing ink and mastics |
|
|
|
|
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.
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 |
BIOTRACE
TRADING 221 (PTY)LTD |
|
Country |
South
Africa |
|
Account
Review |
Recommended
Every 6 Months |
|
Subject
Contact Person |
ALVIN
PATHER - Managing Director |
|
Assessment |
This is
an established business. On investigation we made contact with ALVIN PATHER
the managing director who requested a questionnaire to be sent for
completion. MR. PATHER later stated that he will require more time to
complete the questionnaire. Please see the available information on the
subject below. |
|
Registered
Name |
BIOTRACE
TRADING 221 (PTY)LTD |
|
Trading
as/ Division Name |
BIOTRACE
TRADING 221 |
|
Previous
Name |
None |
|
Date of
Name Change |
None |
|
Registration
Number |
M2002/003804/07 |
|
Registration
Date |
2002/02/20 |
|
Date
Commenced Trading |
2002-02-20 |
|
Age of
Business |
11 Years
10 Months |
|
History
of Business |
The
subject commenced trading as a new company in 2002. |
|
History
of Principals |
There is
1 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
subjects main operation is the supply of printing inks. |
|
Industry/
Customers |
All
major corporate businesses |
|
Export |
Unknown |
|
Export
Countries |
|
|
Import |
Unknown |
|
Import
Countries |
|
|
Major
Industry Code / SICC |
33520 |
|
Definition
of Code |
Manufacture
of paints, varnishes and coatings, printing ink and mastics |
|
Head
Office Physical Address |
61
Willowfield Cresent, SPRINGFIELD PARK, DURBAN |
|
Head
Office Postal Address |
P O BOX
40768, REDHILL, 4071 |
|
Current
Tel Number |
0315692356 |
|
Cell
Number |
0834563763 |
|
Current
Fax Number |
Unavailable |
|
Current
Email Address |
|
|
Web Site
Address |
|
|
Comments |
|
|
Company
Registered Name |
CPG CHARTERED ACCOUNTANTS INCORPORATED |
|
Trading
Name |
CPG CHARTERED ACCOUNTANTS |
|
Registration
Number |
M1999/011434/21 |
|
Physical
Address |
RIDGE
63, 8 SINEMBE PARK, DOUGLAS SAUNDERS DRIVE, LA LUCIA RIDGE OFFICE ESTATE,
4051 |
|
Postal
Address |
P O BOX
4002, THE SQUARE, 4021 |
|
Contact
Person |
SELVANATHAN |
|
Contact
Number |
0837771586 |
|
Email |
Unavailable |
|
Principals |
1 |
|
Judgements
Against Subject |
No found
on file |
|
Judgements
Against Principals |
No found
on file |
|
Subject
Verified as Client |
Yes |
|
Practice
Number |
933805 |
|
VAT
Number |
Unavailable |
|
Tax
Number |
9160356201 |
|
BEE
Status |
Unavailable |
|
Financial
Year End |
February |
|
No of
years in Business |
Unavailable |
|
Website |
Unavailable |
|
Comment |
|
Previous Auditors Information - No Information on Record
|
Vat
Number |
4160217149 |
|
Status |
ACTIVE |
|
Vat
Liable Date |
2004/08/01 |
|
Tax
Number |
9354258148 |
|
Tax
Clearance Expire Date |
|
|
Financial
Year End |
February |
|
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 |
Director |
| ALVIN PATHER |
|
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 |
1 |
|
Average
Age of Active Principals |
35 |
|
Active Principals Principal - 1of 1 ALVIN PATHER |
|
|
Surname |
PATHER |
|
First
Name |
ALVIN |
|
Other
Names |
None |
|
Marital
Status |
|
|
ID
Number |
7812025072084 |
|
Verified
ID Number |
Yes |
|
Current
Age |
35 Years |
|
Designation |
Managing
Director |
|
Status |
Active |
|
Appointment
Date |
2002/02/20 |
|
Physical
Address (at time of Appointment) |
5
TUSCANY, 2 PETAL CLOSE, DURBAN, 4001 |
|
Postal
Address |
P O BOX
40769, REDHILL, DURBAN, 4001 |
|
Current
Tel Number |
0116143635 |
|
Cell
number |
0834563763 |
|
Shareholding/Membership |
0.00 |
Principal's Adverse - No information on record
Business Information forALVIN PATHER Principal Current
Business Interests
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
ANZOLINE
(PTY)LTD |
M2011/011642/07 |
Deregistration
Process |
2 Years
2 Months |
0 |
No |
|
|
ANZOTIME
(PTY)LTD |
M2011/011643/07 |
Deregistration
Process |
2 Years
2 Months |
0 |
No |
|
|
APLOZEST
CC |
B2011/016558/23 |
Deregistration
Process |
2 Years
2 Months |
0 |
No |
|
|
BIOTRACE
TRADING 221 (PTY)LTD |
M2002/003804/07 |
In
Business |
11 Years
11 Months |
1 |
No |
|
|
DOUBLE
EAGLE TRADING (PTY)LTD |
K2013/107627/07 |
In
Business |
0 |
0 |
No |
|
|
ENVIRO RESOURCES (PTY)LTD |
K2013/107976/07 |
In
Business |
0 |
0 |
No |
|
|
SPYKER
STREET TRADING (PTY)LTD |
K2013/107629/07 |
In
Business |
0 |
0 |
No |
|
|
SURAROX
CC |
B2010/170682/23 |
Deregistration
Process |
3 Years
3 Months |
0 |
No |
|
Principal Previous Business Interests
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
NEW
AFRICA INKS AND CHEMICALS CC |
B2001/035944/23 |
Deregistration
Final |
|
0 |
No |
|
Principal Deeds Information
Property Interests forALVIN PATHER
|
Title
Deed No. |
ST93717/2008 |
Erf/Site
No. |
891,0 |
|
Deeds
Office |
PRETORIA |
Physical
Address |
59
BOWLING WENDYWOOD SANDTON |
|
Property
Type |
Sectional
Title |
Extent /
Size |
215.0SQM |
|
Purchase
Date |
2008/08/14 |
Purchase
price |
|
|
%
Ownership |
0.00 |
Bond
Holder |
INVESTEC
BANK LTD |
|
Bond
Number |
SB933562008 |
Bond
Amount |
|
|
Comment |
|
||
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.98 |
|
|
1 |
Rs.101.49 |
|
Euro |
1 |
Rs.84.79 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIS |
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.