MIRA INFORM REPORT

 

 

Report Date :

01.06.2013

 

IDENTIFICATION DETAILS

 

Name :

SUPAPACKERS FISH PROCESSORS CC

 

 

Registered Office :

169 Neil Hare Road, Atlantis, Western Cape

 

 

Country :

South Africa

 

 

Date of Incorporation :

16.07.2002

 

 

Com. Reg. No.:

B2002/054319/23

 

 

Legal Form :

Closed Corporation

 

 

Line of Business :

subject wholesales fish and other delicacies

 

 

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

SUPAPACKERS FISH PROCESSORS (PTY)LTD

Country

South Africa

Subject Contact Person

RUDOLF - Financial Manager

Assessment

This is an established business.

 

On investigation contact was made with the financial manager MR. RUDOLF who requested a questionnaire to be sent to the company.

 

On following up on the questionnaire MR. RUDOLF stated that he will require more time to provide the required information. We await further information.

 

Please see the available information on the subject below.

 

 

Company Information

 

Registered Name

SUPAPACKERS FISH PROCESSORS CC

Trading as/ Division Name

SUPAPACKERS FISH PROCESSORS

Registration Number

B2002/054319/23

Registration Date

2002/07/16

Date Commenced Trading

2002-07-16

Age of Business

10 Years 9 Months

History of Business

The subject was established as a new business in 2002.

History of Principals

There are 2 active members within the company.

Authorised Share Capital

R0.00

Issued Share Capital/Members Contribution

R0.00

Status

Conversion CO/CC or CC/CO

Operations Assessment

The subject wholesales fish and other delicacies.

Industry/ Customers

Supermarkets and all major food retailers

Major Industry Code / SICC

61221

Definition of Code

Wholesale trade in foodstuffs

Head Office Physical Address

169 Neil Hare Road, ATLANTIS, WESTERN CAPE

Head Office Postal Address

P 0 BOX 1577, DASSENBERG, 7350

Current Tel Number

0215774777

Current Email Address

rudolf@supapackers.co.za

 

Auditors Information

 

Company Registered Name

C2M CHARTERED ACCOUNTANTS

Registration Number

M2007/009036/21

Physical Address

TYGERFORUM B, 53 WILLIE VAN, SCHOOR AVENUE, TYGERVALLEY, 7530

Postal Address

PO 3347, TYGERVALLEY, 7536

Contact Person

ELIZABETH

Contact Number

0219140281

Principals

4

Subject Verified as Client

Yes

Practice Number

958662

VAT Number

4670243932

Tax Number

9370031164

Financial Year End

February

No of years in Business

6

 

Previous Auditors

Company Name

Phone Number

Time with previous auditors

Comment

AAALHERBE LOURENS

 

Unknown

 

ANDREW ZURNAMER

 

Unknown

 

 

·         Black Economic Empowerment Information - No Information on Record

·         Tax Information - No Information on Record

·         ISO Information - No Information on Record

·         Work Mans Information - No Information on Record

 

 

Company Structure

 

·         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

 

 

Management Overview

 

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

 

 

 

 

 

 

Adverse Information on Subject

 

·         Business Rescue - 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

 

Deeds Information

 

Property Interests for Company

 

SUPAPACKERS FISH PROCESSORS (PTY)LTD

Title Deed No.

T60274/2008

Erf/Site No.

 

Deeds Office

CAPE TOWN

Physical Address

ATLANTIS INDUSTRIAL ATLANTIS

Property Type

Farms

Extent / Size

4.484SQM

Purchase Date

2008/05/16

Purchase price

 

% Ownership

0.00

Bond Holder

FIRSTRAND BANK LTD

Bond Number

B565042008

Bond Amount

 

 

Principals

 

Number of Principals

2

Average Age of Active Principals

41

 

Active Principals Principal - 1of 2 SERGIO FIGUEIREDO

Surname

FIGUEIREDO

First Name

SERGIO

Other Names

NUNU DE BRITO

Marital Status

Single

ID Number

7308055575088

Verified ID Number

No

Current Age

40

Designation

Director

Status

Active

Appointment Date

2009/06/24

Physical Address (at time of Appointment)

2 KLIPPERS STREET, WELGEMOED, 7530

Postal Address

2 KLIPKERS STREET, WELGEMOED, 7530

Current Tel Number

0215774777

Cell number

 

Shareholding/Membership

0.0000

 

Principal's Adverse - No information on record

 

Business Information for SERGIO FIGUEIREDO

 

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

SILVER STREAMS SEAFOOD CC

2005/120010/23

In Business

7 Years 8 Months

0

No

 

SUPAPACKERS FISH PROCESSORS CC

B2002/054319/23

Conversion CO/CC or CC/CO

10 Years 9 Months

0

No

 

ATLANTIS SEAFOOD PRODUCTS (PTY) LTD

M2010/018540/07

In Business

2 Years 7 Months

0

No

 

SILVER STREAMS SEAFOOD (PTY)LTD

M2010/024361/07

In Business

2 Years 4 Months

0

No

 

 

Principal Previous Business Interests

 

Average Age of Previous Business                                                           10 Years

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

BIG SKY TRADING 155 CC

B2002/048567/23

Deregistration Final

10 Years 9 Months

0

No

 

 

Principal's Deeds Information - No information on record

 

Principal - 2of 2 LUIS FIGUEIREDO

Surname

FIGUEIREDO

First Name

LUIS

Other Names

DE BRITTO

Marital Status

Married

ID Number

7102185383087

Verified ID Number

Yes

Current Age

42

Designation

Director

Status

Active

Appointment Date

2009/06/24

Physical Address (at time of Appointment)

PORTION 5 TWISTFONTEIN FARM, MELKBOSSTRAND, 7441

Postal Address

PO BOX 599, MELKBOSSTRAND, 7437

Current Tel Number

0215774999

Cell number

0846166600

Shareholding/Membership

0.0000

 

Principal's Adverse - No information on record

 

Business Information for LUIS FIGUEIREDO

 

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

SILVER STREAMS SEAFOOD CC

2005/120010/23

In Business

7 Years 8 Months

0

No

 

SUPAPACKERS FISH PROCESSORS CC

B2002/054319/23

Conversion CO/CC or CC/CO

10 Years 9 Months

0

No

 

WEST COAST VAN REENEN INVESTMENTS (PTY) LTD

M2002/004873/07

Conversion CO/CC or CC/CO

11 Years 1 Months

0

No

 

SUPAPACKERS HOLDINGS (PTY) LTD

M2010/009574/07

In Business

2 Years 11 Months

0

No

 

ATLANTIS SEAFOOD PRODUCTS (PTY) LTD

M2010/018540/07

In Business

2 Years 7 Months

0

No

 

IMPERIAL CROWN TRADING 436 (PTY) LTD

M2010/021773/07

In Business

2 Years 6 Months

0

No

 

SILVER STREAMS SEAFOOD (PTY)LTD

M2010/024361/07

In Business

2 Years 4 Months

0

No

 

 

Principal's Deeds Information - No information on record

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.56.49

UK Pound

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%)

 

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.