|
Report Date : |
01.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
DEEMSTER (PTY)LTD |
|
|
|
|
Registered Office : |
Farm Utopia, Bethlehem, 9700 |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
27.03.1973 |
|
|
|
|
Com. Reg. No.: |
M1973/003851/07 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Wholesale trade in
foodstuffs |
|
|
|
|
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 |
DEEMSTER
(PTY)LTD |
|
Country |
South
Africa |
|
Subject
Contact Person |
ANDRE -
FINANCIAL MANAGER |
|
Assessment |
This is an
established business. On investigation contact was made with the director MR.
ANDRE who requested that we send him the questionnaire to be completed. On
Following up on the questionnaire MR. ANDRE stated that he will require more
time to complete the questionnaire. We are awaiting further information on
the subject. Please see the available information on the subject below. |
|
Registered
Name |
DEEMSTER
(PTY)LTD |
|
Trading
as/ Division Name |
DEEMSTER |
|
Previous
Name |
None |
|
Date of
Name Change |
None |
|
Registration
Number |
M1973/003851/07 |
|
Registration
Date |
1973/03/27 |
|
Date
Commenced Trading |
1973-03-27 |
|
Age of
Business |
40 Years
2 Months |
|
History
of Business |
The subject
DEEMSTER (PTY) LTD was established in 1973 by the JOUGHIN Family on the farm
Platkop in the Ficksburg district, Free State, RSA. It was a company owned
and run by the family, creating a sense of care and pride in its products, as
can only be acquired through personal involvement in the total process. |
|
History
of Principals |
There is
1 active director within the company. |
|
Shareholders/Members/Partners
of subject and % holding |
Undisclosed |
|
Authorised
Share Capital |
R0.00 |
|
Issued Share
Capital/Members Contribution |
R0.00 |
|
Status |
In
Business |
|
Operations
Assessment |
The
subject wholesales a large selection of canned vegetables to various pickles. |
|
Industry/
Customers |
All
Major Supermarket chains in South Africa. |
|
Major Industry
Code / SICC |
61221 |
|
Definition
of Code |
Wholesale
trade in foodstuffs |
|
Head
Office Physical Address |
FARM
UTOPIA, BETHLEHEM, 9700 |
|
Head
Office Postal Address |
P.O.Box
58, BETHLEHEM, 9700 |
|
Current
Tel Number |
0583037878 |
|
Current Fax
Number |
0583037879 |
|
Current
Email Address |
|
|
Web Site
Address |
|
|
Comments |
|
|
Company
Registered Name |
MARAIS
& CROWTHER CA(SA) INC |
|
Trading
Name |
MARAIS
& CROWTHER CA(SA) |
|
Registration
Number |
M1993/003117/21 |
|
Physical
Address |
32
PRESIDENT BOSHOFF STREET, BETHLEHEM, 9701 |
|
Postal
Address |
PO BOX 221, BETHLEHEM, 9700 |
|
Contact
Person |
KEVIN |
|
Contact
Number |
0514300006 |
|
Email |
Unavailable |
|
Principals |
5 |
|
Judgements
Against Subject |
None On
Record |
|
Judgements
Against Principals |
None On
Record |
|
Subject
Verified as Client |
Yes |
|
Practice
Number |
913391 |
|
VAT
Number |
Unavailable |
|
Tax
Number |
9260123402 |
|
BEE
Status |
Unavailable |
|
Financial
Year End |
December |
|
No of
years in Business |
15 |
|
Website |
Unavailable |
Previous Auditors
|
Company
Name |
Phone
Number |
Time
with previous auditors |
Comment |
|
PRICE
WATER HOUSE COOPERS INGELYF |
|
15 |
|
|
Vat
Number |
4490114149 |
|
Status |
ACTIVE |
|
Vat
Liable Date |
1991/09/30 |
|
Tax
Number |
9175057711 |
|
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
Organisational Chart - No
Information on Record
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
BusinessRescue - No
Information on Record
Judgements - 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
Property Interests for
CompanyDEEMSTER (PTY)LTD
|
Title
Deed No. |
T16711/2008 |
Erf/Site
No. |
|
|
Deeds
Office |
BLOEMFONTEIN |
Physical
Address |
DIHLABENG
RURAL |
|
Property
Type |
Farms |
Extent
/ Size |
145.6154H |
|
Purchase
Date |
2008/08/08 |
Purchase
price |
|
|
%
Ownership |
0.00 |
Bond
Holder |
|
|
Bond
Number |
|
Bond
Amount |
|
|
Comment |
|
||
|
Number
of Principals |
1 |
|
Average
Age of Active Principals |
58 |
|
Active
Principals Principal - 1of 1 FERNANDO LAGE |
|
|
Surname |
LAGE |
|
First
Name |
FERNANDO |
|
Other
Names |
NONE |
|
Marital
Status |
Married |
|
ID Number |
5511215140105 |
|
Verified
ID Number |
Yes |
|
Current
Age |
58 |
|
Designation |
BUSINESSMAN |
|
Status |
Active |
|
Appointment
Date |
2002/03/31 |
|
Physical
Address (at time of Appointment) |
PLATKOP,
FICKSBURG, 9730 |
|
Postal
Address |
PRIVATE BAG
X 026, FICKSBURG, 9730 |
|
Current
Tel Number |
0218733165 |
|
Cell
number |
0828027177 |
|
Shareholding/Membership |
0.0000 |
Business Information
forFERNANDO LAGE Principal Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
FMRD
LAGE |
5511215140105 |
|
Unknown |
0 |
No |
|
|
DEEMSTER (PTY)
LTD |
M1973/003851/07 |
In Business |
40
Years 2 Months |
0 |
No |
|
|
NEW ADVENTURE
INVESTMENTS 30 (PTY) LTD |
M1982/010324/07 |
In Business |
30
Years 6 Months |
0 |
No |
|
|
BOLAND PULP
PROPERTY HOLDINGS (PTY) LTD |
M1982/010876/07 |
In Business |
30
Years 6 Months |
0 |
No |
|
|
BOLAND PULP (PTY)
LTD |
M1996/010660/07 |
In Business |
16
Years 9 Months |
0 |
No |
|
|
THE
CRESCENT PROPERTY INVESTMENT C-G (PTY) LTD |
M1996/013386/07 |
In Business |
16
Years 7 Months |
0 |
No |
|
|
TRIFECTA
TRADING 240 (PTY)LTD |
M2002/016704/07 |
In Business |
10
Years 10 Months |
0 |
No |
|
|
MEADOW
STAR INVESTMENTS 76 (PTY) LTD |
M2002/022535/07 |
In Business |
10
Years 8 Months |
0 |
No |
|
|
BUZZA PROPS 4
(PTY) LTD |
M2002/029689/07 |
In Business |
10
Years 6 Months |
0 |
No |
|
|
G
AND C SHELF 40 (PTY) LTD |
M2003/026171/07 |
In Business |
9
Years 7 Months |
0 |
No |
|
|
FOLLOW THROUGH PROPERTY INVESTMENT
(PTY) LTD |
M2004/001547/07 |
In Business |
9
Years 4 Months |
0 |
No |
|
|
LA CUISINE
DISTRIBUTORS (PTY) LTD |
M2009/014810/07 |
In Business |
3
Years 10 Months |
0 |
No |
|
Principal Previous Business
Interests
Average Age
of Previous Business 18
Years
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|||
|
RIO RIDGE 15 (PTY) LTD |
2004/007438/07 |
In
Business |
9 Years 2 Months |
0 |
No |
|
|||
|
V EN L
VERVOER CC |
B1988/024043/23 |
Deregistration Final |
24 Years 8
Months |
0 |
No |
|
|||
|
OOS
VRYSTAAT VRUGTE CC |
B1989/036761/23 |
Conversion
CO/CC orCC/CO |
23 Years
6 Months |
0 |
No |
|
|||
|
DE HOOP
EIENDOMME CC |
B1990/000622/23 |
Deregistration
Final |
23 Years
4 Months |
0 |
No |
|
|||
|
AAALUTI
PRINT CC |
B1993/015805/23 |
Deregistration
Final |
19 Years
10 Months |
0 |
No |
|
|||
|
INVENTIONS
GALORE CC |
B1994/024425/23 |
Deregistration
Final |
18 Years
9 Months |
0 |
No |
|
|||
|
BOKPOORT
HOLIDAY AND GAME RANCH CC |
B1994/043049/23 |
Deregistration
Final |
18 Years
5 Months |
0 |
No |
|
|||
|
MASAKHANE
DRIVING SCHOOL CC |
B1995/021239/23 |
Deregistration
Final |
18 Years |
0 |
No |
|
|||
|
ROOIHOOGTE
SUID FARM (PTY)LTD |
M1973/000215/07 |
AR Final
Deregistration |
40 Years
4 Months |
0 |
No |
|
|||
|
LA
CUISINE FROZEN FOODS (PTY)LTD |
M1981/006223/07 |
Deregistration
Final |
31 Years
11 Months |
0 |
No |
|
|||
|
LESCHACO
(PTY)LTD |
M1985/003110/07 |
In
Business |
27 Years
10 Months |
0 |
No |
|
|||
|
LAGERSTEIN
(PTY)LTD |
M1988/004709/07 |
Deregistration
Final |
24 Years
9 Months |
0 |
No |
|
|||
|
ZANTHUS
INVESTMENTS (PTY) LTD |
M1991/002839/07 |
Deregistration
Process |
21 Years
11 Months |
0 |
No |
|
|||
|
NALEDI WHOLESALERS
(PTY) LTD |
M1992/001510/07 |
Deregistration
Final |
21 Years
2 Months |
0 |
No |
|
|||
|
BETHLEHEM
ENTERTAINMENT CENTRE (PTY)LTD |
M1992/004960/07 |
Deregistration
Final |
20 Years
9 Months |
0 |
No |
|
|||
|
FREE STATE
PRODUCE PROCESSORS (PTY) LTD |
M1992/004965/07 |
Deregistration
Final |
20 Years
9 Months |
0 |
No |
|
|||
|
NEO
LOGIC LTD |
M1998/016226/06 |
Deregistration
Final |
14 Years
9 Months |
0 |
No |
|
|||
|
BOUNDLESSTRADE
35 (PTY) LTD |
M1998/023632/07 |
Deregistration
Final |
14 Years
6 Months |
0 |
No |
|
|||
|
S A
PRESERVING CO (PTY) LTD |
M2001/027662/07 |
Deregistration
Final |
11 Years
6 Months |
0 |
No |
|
|||
|
BESTFARM
NO 4 (PTY) LTD |
M2002/001806/07 |
Deregistration
Final |
11 Years
4 Months |
0 |
No |
|
|||
|
TRADE
VENDORS (PTY) LTD |
M2002/010724/07 |
Conversion
CO/CC orCC/CO |
11 Years |
0 |
No |
|
|||
|
TRANSFORM
ALL TRADE 8 (PTY)LTD |
M2003/004800/07 |
Deregistration
Final |
10 Years
2 Months |
0 |
No |
|
|||
|
GLACE
PROCESSORS (PTY) LTD |
M2003/007053/07 |
Deregistration
Final |
10 Years
2 Months |
0 |
No |
|
|||
|
UPWARD
SPIRAL 19 (PTY) LTD |
M2004/006732/07 |
Deregistration
Final |
9 Years
2 Months |
0 |
No |
|
|||
|
HENRY
FOODS (PTY) LTD |
M2005/004459/07 |
Deregistration
Final |
8 Years 3
Months |
0 |
No |
|
|||
Principal's Deeds
Information - No information on record
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.49 |
|
|
1 |
Rs.86.81 |
|
Euro |
1 |
Rs.73.68 |
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.