MIRA INFORM REPORT

 

 

Report Date :

14.01.2013

 

IDENTIFICATION DETAILS

 

Name :

LITHOTECH MANUFACTURING PINETOWN (PTY)LTD

 

 

Registered Office :

48 Gillits Road, Pinetown, Kwazulu Natal, 3610

 

 

Country :

South Africa

 

 

Date of Incorporation :

24.04.1996

 

 

Com. Reg. No.:

M1996/004895/07

 

 

Legal Form :

Private Company

 

 

Line of Business :

Publishing of Books, Brochures, Musical Books and Other Publications

 

 

No. of Employees :

300-400

 

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 :

Good

Payment Behaviour :

Regular

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

(31.03.2011)

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; a stock exchange that is the 18th largest in the world; and modern infrastructure supporting a relatively efficient distribution of goods to major urban centers throughout the region. Growth was robust from 2004 to 2007 as South Africa reaped the benefits of macroeconomic stability and a global commodities boom but began to slow in the second half of 2007 due to an electricity crisis and the subsequent global financial crisis' impact on commodity prices and demand. GDP fell nearly 2% in 2009 but recovered in 2010-11. Unemployment remains high and outdated infrastructure has constrained growth. 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. Daunting economic problems remain from the apartheid era - especially poverty, lack of economic empowerment among the disadvantaged groups, and a shortage of public transportation. South Africa''s economic policy is fiscally conservative focusing on controlling inflation and attaining a budget surplus. The current government largely follows these prudent policies but must contend with the impact of the global crisis and is facing 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


Summary

 

Subject Name

LITHOTECH MANUFACTURING PINETOWN (PTY)LTD

Country

South Africa

Subject Contact Person

NOLUTHANDO - Bookkeeper

Assessment

This is a well-established and well -connected business. On investigation contact was made with NOLUTHANDO the bookkeeper of the subject. The subject has been in operation for over 16 years. A bank code could not be obtained as the account number was declined and considered confidential. The subject is meeting it's commitments timeously with its suppliers, No adverse information was revealed during the investigation. Please see the information obtained below.

 

 

Company information

 

Registered Name

LITHOTECH MANUFACTURING PINETOWN (PTY)LTD

Trading as/ Division Name

None

Previous Name

Unknown

Date of Name Change

Sep  42000 12:00AM

Registration Number

M1996/004895/07

Registration Date

1996/04/24

Date Commenced Trading

April 1996

Age of Business

16 Years 9 Months

History of Business

LITHOTECH MANUFACTURING PINETOWN (PTY)LTD was registred in 1996 and underwent a name change in 2000 to the current name. LITHOTECH MANUFACTURING PINETOWN (PTY)LTD is a subsidiary of BIDVEST GROUP LTD.

History of Principals

There are currenly two active directors within the business.

Shareholders/Members/Partners of subject and % holding

100 % - BIDVEST GROUP LIMITED

Authorised Share Capital

R 0.00

Issued Share Capital/Members Contribution

R 0.00

Status

In Business

Operations Assessment

LITHOTECH MANUFACTURING PINETOWN (PTY)LTD is involved in providing commercial printing services.

Industry/ Customers

Commercial printing.

Export

Yes

Export Countries

 

Import

Yes

Import Countries

 

Major Industry Code / SICC

32410

Definition of Code

PUBLISHING OF BOOKS,BROCHURES,MUSICAL BOOKS AND OTHER PUBLICATIONS

Head Office Physical Address

48 GILLITS ROAD, PINETOWN, KWAZULU NATAL, 3610

Head Office Postal Address

PO Box 404, PINETOWN, 3600

Current Tel Number

0317927000

Cell Number

0723723921 / 0828005706

Current Fax Number

0317004746

Current Email Address

raymondr@lithotech.co.za / noluthandob@lithotech.co.za

Web Site Address

www.lithotech.co.za

Comments

MAJOR SUBSIDIARIES OF BIDVEST GROUP LIMITED UNDER THE BIDVEST PAPERPLUS DIVISION : BIDPAPER PLUS (PTY) LIMITED, BIDPAPER PLUS HOLDINGS LIMITED, BLESSTON PRINTING AND ASSOCIATES (PTY) LIMITED, EMAIL CONNECTION (PTY) LIMITED, EXPRESSED SOLUTIONS (PTY) LIMITED, GLOBE STATIONERY MANUFACTURING COMPANY (PTY) LIMITED, KOLOK (PTY) LIMITED, KOLOK AFRICA (PTY) LIMITED, LITHOTECH AFRIC MAIL CAPE (PTY) LIMITED, LITHOTECH AFRIC MAIL JHB (PTY) LIMITED, LITHOTECH CORPORATE (PTY) LIMITED, LITHOTECH GROUP SERVICES (PTY) LIMITED, LITHOTECH INTERNATIONAL LIMITED, LITHOTECH LABELS (PTY) LIMITED, LITHOTECH MANUFACTURING PINETOWN (PTY) LIMITED, LITHOTECH SALES CAPE (PTY) LIMITED, LITHOTECH SALES JOHANNESBURG (PTY) LIMITED, LITHOTECH SALES PORT ELIZABETH (PTY) LIMITED, LITHOTECH SALES PRETORIA (PTY) LIMITED, LITHOTECH SOLUTIONS (PTY) LIMITED, LUFIL PACKAGING (PTY) LIMITED, MOCOBE PROPERTIES (PTY) LIMITED, OZALID SOUTH AFRICA (PTY) LIMITED, PARAGON BUSINESS COMMUNICATIONS LIMITED, PHAKAMA PRINT (PTY) LIMITED, ROTOLABEL (TVL) (PTY) LIMITED, SILVERAY MANUFACTURERS (PTY) LIMITED, SILVERAY STATMARK COMPANY (PTY) LIMITED, BIDVEST RENTAL AND PRODUCTS, BIDSERV INDUSTRIAL PRODUCTS (PTY) LIMITED, BIDVEST (ZAMBIA) (PTY) LIMITED(28), BOSNANDI LAUNDRY (PTY) LIMITED, CLOCKWORK GIANT CLOTHING (PTY) LIMITED(25), EXECUFLORA (PTY) LIMITED, FIRST GARMENT RENTAL (PTY) LIMITED, GIANT CLOTHING LIMITED(13), HOTEL AMENITIES SUPPLIERS (PTY) LIMITED, INDUSTRO–CLEAN BOTSWANA (PTY) LIMITED(3), MASTERGUARD FABRIC PROTECTION AFRICA (PTY) LIMITED, PUREAU FRESH WATER COMPANY (PTY) LIMITED, ROCHESTER MIDLANDS INDUSTRIES SA (PTY) LIMITED, SILK BY DESIGN (PTY) LIMITED, STEINER ENVIRONMENTAL SOLUTIONS (PTY) LIMITED, STEINER HYGIENE (PTY) LIMITED, STEINER HYGIENE SWAZILAND (PTY) LIMITED(25), UMOJA PROPERTY SOLUTIONS (PTY) LIMITED, G FOX SWAZILAND (PTY) LIMITED(25), BIDVEST SERVICES(I), AFRICAN CONSULTANCY FOR TRANSPORTATION SECURITY (PTY) LIMITED, BIDSERV (PTY) LIMITED, BIDTRACK (PTY) LIMITED, BIDVEST MAGNUM (PTY) LIMITED, BIDVEST MAGNUM MINING SECURITY (PTY) LIMITED, DINATLA PROPERTY SERVICES (PTY) LIMITED, FIRST IN STAFFING SOLUTIONS (PTY) LIMITED, LANGA STATUS PROPERTY SERVICES (PTY) LIMITED, NOMTSALANE PROPERTY SERVICES (PTY) LIMITED, PRESTIGE CLEANING SERVICES (PTY) LIMITED, SETSEBI PROPERTY SERVICES (PTY) LIMITED, TAEMANE CLEANING SERVICES (PTY) LIMITED, TMS GROUP (PTY) LIMITED, TMS GROUP INDUSTRIAL SERVICES (PTY) LIMITED, TOP TURF BOTSWANA (PTY) LIMITED(3), TOP TURF GROUP (PTY) LIMITED, TOP TURF MAURITIUS (PTY) LIMITED(15), TOP TURF SEYCHELLES (PTY) LIMITED(22), TOP TURF LESOTHO (PTY) LIMITED(11), TOP TURF SWAZILAND (PTY) LIMITED(25), TOTAL MANPOWER SOLUTIONS (PTY) LIMITED, TOTAL OUTDOORS (SWAZILAND) (PTY) LIMITED(25), VERICON OUTSOURCING (PTY) LIMITED, VERISERV (PTY) LIMITED

 

 

Auditors information

 

Company Registered Name

DELOITE AND TOUCHE ACTUARIES AND CONSULTANTS (PTY)LTD

Trading Name

DELOITE AND TOUCHE

Registration Number

M1999/007618/07

Physical Address

1st Floor, Brookside, 11 Landsdowne Road, CLAREMONT, 7708

Postal Address

P O BOX 578, CAPE TOWN, 8000

Contact Person

 

Contact Number

0216701500

Email

AIS@deloitte.co.za

Principals

2

Judgements Against Subject

No information on file

Judgements Against Principals

No information on file

Subject Verified as Client

Yes

Practice Number

902276E

VAT Number

4460189394

Tax Number

9645059644

BEE Status

 

Financial Year End

May

No of years in Business

6

Website

www.deloitte.com

Comment

 

Previous Auditors

Company Name                         Phone Number            Time with previous auditors Comment

FIHSER HOFFMAN SITHOLE

17

 

 

Tax information

 

Vat Number

4660211659

Status

ACTIVE

Vat Liable Date

2003/07/01

Tax Number

9814584711

Tax Clearance Expire Date

 

Financial Year End

June

Comment

 

Black Economic Empowerment

Status

Yes

Score

3.00

Expire Date

 

BEE Certificate Available

Yes

Comment

Level 3 contributor

ISO Information - No Information on Record

 

Workman's compensation

 

Registered

Yes

Compliance Certified

Yes

Comment

 

 

Company Structure

 

Subsidiaries Information - No Information on Record

 

Employees

Number of Employees

300-400

1. Salaried employees

 

2. Waged employees

 

3. Permanent employees

 

4. Casual employees

 

5. Contracted employees

 

Comment

 

Company Fleet

Company Fleet

No of vehicles:           Ownerd/Leased          Value                     Outstanding Balance

Fleet Operations

 

The Fleet is made up of

 

Comment

Light delivery Vehicles

 

Offices

Offices

Offices

Head Office Owned/ Rented

Owned

Rental Company

 

Owned by

 

Value

 

Bond

 

Bank

 

Lease Agreement

 

Lease Expire Date

 

Type of Premises

 

Comment

 

Branch Information

Branches Names

Country                        | Province

South Africa GAUTENG

Branch Detail Information

Branches Owned/ Rented

 

Rental Company

 

Owned by

 

Value

 

Bond

 

Bank

 

Lease Agreement

 

Lease Expire Date

 

Type of Premises

 

Comment

Private Bag X 92Bryanston2021   Physical address:  No 20 Georgian Crescent Lithotech HouseHampton Park Bryanston 011 706 0055

 

Management Overview

 

Organisation Chart

 

Level

Position

Name

Comment

 

      1                            I      Chief executive officer      I    Neil Birch

 

      2                           I         Financial Director           I  Colin Adendorff

 

 

Company Structure (Ownership)

 

Note: One level up and all levels down

 

Holding

Company

Sub

Comment

100 % BIDVEST GROUP LIMITED

LITHOTECH MANUFACTURING PINETOWN (PTY) LTD

 

 

 

Key Deals - No Information on Record

 

 

Trade References

 

Trade Reference nr

Supplier

Contact

Surety Value

Notarial Bonds

Comment

1

CONTINENTAL INKS

0317004222

 

 

Against company policy to provide trade references

2

Euro Corrugated

031 9109550

 

 

 

3

BERCO EXPRESS

031 5815800

 

 

 

Trade References Detail

 

Nr

Age of Acc

Credit Limit

Max Credit

Terms

Average Purchases

Terms Taken

Comment

1

 

 

 

 

 

 

It is against company policy to provide trade references.

2

5 Years

R 330000.00

R150000

30 Days

R100000

30 Days

GOOD ACCOUNT

3

5 Years

 

 

30 Days

 

30 Days

Good account, all figures not made available

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

 

Bank

FIRST NATIONAL BANK

Branch

PINETOWN

Brach Code

250655

Bank Account Number

DECLINED

Type of Account

CHEQUE ACCOUNT

Account Name

LITHOTECH MANUFACTURING PINETOWN (PTY)LTD

Overdraft Facilities

DECLINED

Bank Code

P

Bank Comment

A Bank code could not be obtained as the subject declined to provide a bank account number

 

Bank Code History - No Information on Record

 

Previous Bank Account Information - No Information on Record

 

Deeds Information - No information on record

 

 

Financial Information

 

Financial Estimates

 

 

LONG TERM LIABILITIES

 

Comment

FINANCIAL STATEMENTS AS AT 30 JUNE 2012 ATTACHED

 

Please note the following:

Turnover and assets less than R 1,000,000.00

The subject falls within the National Credit Act

Turnover and assets less than R 2,000,000.00

The subject falls within the Consumer Protection Act

 

 

 

Principals

 

Number of Principals

2

Average Age of Active Principals

52

 

Active Principals Principal - 1of 2 NEIL BIRCH

Surname

BIRCH

First Name

NEIL

Other Names

None

Marital Status

Married

ID Number

6008075045002

Verified ID Number

Yes

Current Age

53

Designation

Director

Status

Active

Appointment Date

1996/05/06

Physical Address (at time of Appointment)

19 LENTON GROVE, LONEHILL,

Postal Address

PO BOX 782805, SANDTON, 2146

Current Tel Number

0117066751

Cell number

0723723921

Shareholding/Membership

0.0000

 

Principal's Adverse - No information on record

 

Business Information forNEIL BIRCH

Principal Current Business Interests

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

THE SOUTHERN AFRICAN PRINTING COLLEGE (PTY)LTD

1993/004042/07

In Business

20 Years 8 Months

0

No

 

TENSION ENVELOPE (PTY)LTD

M1982/003708/07

In Business

31 Years 7 Months

0

No

 

MODUS

PROPERTIES

(PTY)LTD

M1983/003281/07

In Business

30 Years 6 Months

0

No

 

MOCOBE

PROPERTIES

(PTY)LTD

M1985/001552/07

In Business

28 Years 4 Months

0

No

 

AFRIC MAIL

ADVERTISING

(PTY)LTD

M1987/005493/07

In Business

26 Years 2 Months

0

No

 

BLESSTON PRINTING AND ASSOCIATES (PTY)LTD

M1989/006946/07

In Business

0

0

No

 

ROTOLABEL (TVL) (PTY)LTD

M1990/002914/07

In Business

23 Years 11 Months

0

No

 

BERGKANT FARMS (PTY)LTD

M1992/006966/07

In Business

21 Years 9 Months

0

No

 

LITHOTECH AFRIC MAIL

JOHANNESBURG (PTY)LTD

M1993/000387/07

In Business

20 Years 8 Months

0

No

 

LITHOTECH SALES

PRETORIA

(PTY)LTD

M1993/002836/07

In Business

20 Years 8 Months

0

No

 

LITHOTECH SALES PORT ELIZABETH (PTY)LTD

M1994/005225/07

In Business

19 Years 7 Months

0

No

 

PARAGON BUSINESS COMMUNICATIONS LTD

M1995/007711/06

In Business

18 Years 6 Months

0

No

 

LITHOTECH GROUP SERVICES (PTY)LTD

M1995/008405/07

In Business

18 Years 6 Months

0

No

 

LITHOTECH SOLUTIONS (PTY)LTD

M1996/001473/07

In Business

17 Years 5 Months

0

No

 

 

LITHOTECH MANUFACTURING PINETOWN (PTY)LTD

M1996/004895/07

In Business

17 Years 5 Months

0

No

 

LITHOTECH SALES CAPE (PTY)LTD

M1996/005833/07

In Business

17 Years 5 Months

0

No

 

LITHOTECH LABELS (PTY)LTD

M1996/006146/07

In Business

17 Years 5 Months

0

No

 

EXPRESSED SOLUTIONS (PTY)LTD

M1996/017714/07

In Business

17 Years 5 Months

0

No

 

LITHOTECH SALES

JOHANNESBURG

(PTY)LTD

M1997/000612/07

In Business

16 Years 4 Months

0

No

 

LITHOTECH

CORPORATE

(PTY)LTD

M1997/002132/07

In Business

16 Years 4 Months

0

No

 

OZALID SOUTH AFRICA (PTY)LTD

M1997/006608/07

In Business

16 Years 4 Months

0

No

 

KOLOK (PTY)LTD

M1997/010970/07

In Business

16 Years 4 Months

0

No

 

PHAKAMA PRINT (PTY)LTD

M1997/013106/07

In Business

16 Years 4 Months

0

No

 

ZINHLE PRINTERS (PTY)LTD

M1999/006926/07

In Business

14 Years 2 Months

0

No

 

EMAIL

CONNECTION (PTY)LTD

M2000/026802/07

In Business

13 Years 1 Months

0

No

 

 

Principal Previous Business Interest

Average Age of Previous Business               20 Years

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

JOHN PEPPER AND ASSOCIATES CC

B1985/005341/23

In Business

28 Years 4 Months

0

No

 

LITHOTECH AFRIC MAIL PINETOWN (PTY)LTD

M1939/012294/07

Deregistration Final

74 Years 2 Months

0

No

 

SILVERAY STATMARK COMPANY (PTY)LTD

M1962/003497/07

In Business

51 Years 3 Months

0

No

 

LITHOTECH MANUFACTURING CAPE (PTY)LTD

M1968/015674/07

Deregistration Final

45 Years 9 Months

1

No

 

I-FUSION HOLDINGS LTD

M1983/013542/06

In Business

30 Years 6 Months

0

No

 

PRINTING INDUSTRIES FEDERATION OF SOUTH AFRICA

M1990/001772/08

In Business

23 Years 11 Months

0

No

 

BIDSHELF 65 (PTY)LTD

M1993/003107/07

Deregistration Process

20 Years 8 Months

0

No

 

LITHOTECH LISTING AND LOGISTICS (PTY)LTD

M1994/000110/07

Deregistration Final

19 Years 7 Months

0

No

 

 

BIDVEST NETWORK SOLUTIONS (PTY)LTD

M1995/008898/07

In Business

18 Years 6 Months

0

No

 

LITHOTECH SALES

KWAZULU-NATAL

(PTY)LTD

M1996/000760/07

Deregistration Final

17 Years 5 Months

0

No

 

LITHOTECH SALES EAST LONDON (PTY)LTD

M1996/005893/07

Deregistration Final

17 Years 5 Months

0

No

 

FORMATT-SIMPLIFORM (PTY)LTD

M1997/000711/07

In Business

16 Years 4 Months

0

No

 

LITHOTECH MANUFACTURING SPARTAN (PTY)LTD

M1997/010897/07

Deregistration Final

16 Years 4 Months

1

No

 

LITHOTECH

COMMUNICATIONS

(PTY)LTD

M1997/013494/07

Deregistration Final

16 Years 4 Months

0

No

 

LITHOTECH SALES SPARTAN (PTY)LTD

M1997/016617/07

Deregistration Final

16 Years 4 Months

0

No

 

LITHOTECH PRINT (PTY)LTD

M1997/016618/07

Deregistration Final

16 Years 4 Months

0

No

 

VISUALNET (PTY)LTD

M1998/004449/07

Deregistration Final

15 Years 3 Months

0

No

 

LITHOTECH

CONSULTING

(PTY)LTD

M1998/005117/07

Deregistration Final

15 Years 3 Months

0

No

 

GAME DYNAMICS (PTY)LTD

M1998/009091/07

Deregistration Final

15 Years 3 Months

0

No

 

LISTING DIRECT (PTY)LTD

M1998/010099/07

Deregistration Final

15 Years 3 Months

0

No

 

LUFIL PACKAGING (PTY)LTD

M2000/020528/07

In Business

13 Years 1 Months

0

No

 

LITHOTECH SALES

BLOEMFONTEIN

(PTY)LTD

M2001/015435/07

Deregistration Final

 

0

No

 

INLAND PRINT AND LABELS (PTY)LTD

M2001/019991/07

Deregistration Final

 

0

No

 

LITHOTECH IMAGING DATA SOLUTIONS (PTY)LTD

M2002/004307/07

Deregistration Final

11 Years 11 Months

0

No

 

BIDSHELF 61 (PTY)LTD

M2002/012176/07

Deregistration Process

11 Years 11 Months

0

No

 

 

Principal's Deeds Information - No information on record

 

Principal - 2of 2 COLIN ADENDORFF

 

Surname

ADENDORFF

First Name

COLIN

Other Names

None

Marital Status

Married

ID Number

6209295074083

Verified ID Number

Yes

Current Age

51

Designation

GROUP FINANCIAL DIRECTOR

Status

Active

Appointment Date

1996/05/06

Physical Address (at time of Appointment)

105A ATHOLL ROAD, ATHOLL, 2196

Postal Address

P O BOX X92, BRYANSTON, 2021

Current Tel Number

0114693663

Cell number

0828005706

Shareholding/Membership

0.0000

 

Principal's Adverse - No information on record

 

Business Information forCOLIN ADENDORFF

 

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

BUSINESS FORMS

PROPERTIES

(PTY)LTD

M1953/000140/07

In Business

0

0

No

 

FEDERAL BUSINESS COMMUNICATIONS (PTY)LTD

M1970/001772/07

In Business

43 Years 7 Months

0

No

 

GLOBE

STATIONERY

MANUFACTURING

COMPANY

(PTY)LTD

M1972/009725/07

In Business

41 Years 5 Months

0

No

 

MODUS

PROPERTIES

(PTY)LTD

M1983/003281/07

In Business

30 Years 6 Months

0

No

 

MOCOBE

PROPERTIES

(PTY)LTD

M1985/001552/07

In Business

28 Years 4 Months

0

No

 

AFRIC MAIL

ADVERTISING

(PTY)LTD

M1987/005493/07

In Business

26 Years 2 Months

0

No

 

BLESSTON PRINTING AND ASSOCIATES (PTY)LTD

M1989/006946/07

In Business

0

0

No

 

ROTOLABEL (TVL) (PTY)LTD

M1990/002914/07

In Business

23 Years 11 Months

0

No

 

LITHOTECH SALES

PRETORIA

(PTY)LTD

M1993/002836/07

In Business

20 Years 8 Months

0

No

 

LITHOTECH SALES PORT ELIZABETH (PTY)LTD

M1994/005225/07

In Business

19 Years 7 Months

0

No

 

LITHOTECH MANUFACTURING PINETOWN (PTY)LTD

M1996/004895/07

In Business

17 Years 5 Months

0

No

 

LITHOTECH LABELS (PTY)LTD

M1996/006146/07

In Business

17 Years 5 Months

0

No

 

EXPRESSED SOLUTIONS (PTY)LTD

M1996/017714/07

In Business

17 Years 5 Months

0

No

 

KOLOK (PTY)LTD

M1997/010970/07

In Business

16 Years 4 Months

0

No

 

PHAKAMA PRINT (PTY)LTD

M1997/013106/07

In Business

16 Years 4 Months

0

No

 

 

Principal Previous Business Interests

Average Age of Previous Business      12 Years

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

PROC CORP 20 CC

B1999/040659/23

Deregistration Final

14 Years 2 Months

0

No

 

MULBERRY CONSULTING CC

B1999/041242/23

Deregistration Final

14 Years 2 Months

0

No

 

CHARPROP 201 CC

B2001/086004/23

Deregistration Final

 

0

No

 

CHARPROP 203 CC

B2001/086011/23

In Business

 

0

No

 

DIAMOND DUO PROPERTIES 77 CC

B2002/028925/23

Deregistration Final

11 Years 11 Months

0

No

 

CHARPROP 245 CC

B2002/037222/23

Deregistration Final

11 Years 11 Months

0

No

 

LITHOTECH SALES EAST LONDON (PTY)LTD

M1996/005893/07

Deregistration Final

17 Years 5 Months

0

No

 

LITHOTECH SALES

JOHANNESBURG

(PTY)LTD

M1997/000612/07

In Business

16 Years 4 Months

0

No

 

FORMATT-SIMPLIFORM (PTY)LTD

M1997/000711/07

In Business

16 Years 4 Months

0

No

 

LITHOTECH CORPORATE (PTY)LTD

M1997/002132/07

In Business

16 Years 4 Months

0

No

 

OZALID SOUTH AFRICA (PTY)LTD

M1997/006608/07

In Business

16 Years 4 Months

0

No

 

LITHOTECH MANUFACTURING SPARTAN (PTY)LTD

M1997/010897/07

Deregistration Final

16 Years 4 Months

1

No

 

LITHOTECH

COMMUNICATIONS

(PTY)LTD

M1997/013494/07

Deregistration Final

16 Years 4 Months

0

No

 

LITHOTECH SALES SPARTAN (PTY)LTD

M1997/016617/07

Deregistration Final

16 Years 4 Months

0

No

 

LITHOTECH PRINT (PTY)LTD

M1997/016618/07

Deregistration Final

16 Years 4 Months

0

No

 

VISUALNET (PTY)LTD

M1998/004449/07

Deregistration Final

15 Years 3 Months

0

No

 

LITHOTECH

CONSULTING

(PTY)LTD

M1998/005117/07

Deregistration Final

15 Years 3 Months

0

No

 

GAME DYNAMICS (PTY)LTD

M1998/009091/07

Deregistration Final

15 Years 3 Months

0

No

 

LISTING DIRECT (PTY)LTD

M1998/010099/07

Deregistration Final

15 Years 3 Months

0

No

 

LUFIL PACKAGING (PTY)LTD

M2000/020528/07

In Business

13 Years 1 Months

0

No

 

 

EMAIL CONNECTION (PTY)LTD

M2000/026802/07

In Business

13 Years 1 Months

0

No

 

LITHOTECH SALES

BLOEMFONTEIN

(PTY)LTD

M2001/015435/07

Deregistration Final

 

0

No

 

INLAND PRINT AND LABELS (PTY)LTD

M2001/019991/07

Deregistration Final

 

0

No

 

LITHOTECH IMAGING DATA SOLUTIONS (PTY)LTD

M2002/004307/07

Deregistration Final

11 Years 11 Months

0

No

 

BIDSHELF 61 (PTY)LTD

M2002/012176/07

Deregistration Process

11 Years 11 Months

0

No

 

Principal's Deeds Information - No information on record


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.54.54

UK Pound

1

Rs.88.05

Euro

1

Rs.72.29

 

 

INFORMATION DETAILS

 

Report Prepared by :

PRL

 

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.