|
Report Date : |
03.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
EXIM INTERNATIONAL (PTY)LTD |
|
|
|
|
Formerly Known As : |
EXIM INTERNATIONAL CC |
|
|
|
|
Registered Office : |
P
O Box 277, Maitland, Cape Town, 1404 |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
04.10.2001 |
|
|
|
|
Com. Reg. No.: |
M2001/023754/07 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Manufacture
of prepared and preserved meat, saugae & by-products |
|
|
|
|
No. of Employees : |
400 |
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 : |
No Complaints |
|
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 |
EXIM
INTERNATIONAL (PTY)LTD |
|
Country |
South
Africa |
|
Subject
Contact Person |
PANELLE
- FINANCIAL MANAGER |
|
Assessment |
This
is a well-established family business. On investigation contact was made with
the financial manager, PANELLE who assisted with the information. The
business has been in operation since 1985 under the previous name of the
business. No adverse information was revealed during the investigation. All
commitments are met timeously with suppliers, since the business imports most
of it's products further trade references were not made available. A bank
code R was obtained as the incorrect banking details were provided, we await
further details. The financial information was declined as this information
is considered to be confidential. Please see the information obtained below. |
|
Registered
Name |
EXIM
INTERNATIONAL (PTY)LTD |
|
Trading
as/ Division Name |
None |
|
Previous
Name |
EXIM
INTERNATIONAL CC [B1985/009446/23] |
|
Date
of Name Change |
Dec
18 2002 12:00AM |
|
Registration
Number |
M2001/023754/07 |
|
Registration
Date |
2001/10/04 |
|
Date
Commenced Trading |
2001-10-04 |
|
Age
of Business |
11
Years 7 Months |
|
History
of Business |
EXIM
INTERNATIONAL (PTY)LTD was registered in October 2001 and underwent a
conversion from EXIM INTERNATIONAL CC [B1985/009446/23] to the current name
in December 2002 |
|
History
of Principals |
There
are currently 4 active directors within the business. |
|
Shareholders/Members/Partners
of subject and % holding |
40
% - BRYAN NEILL, 10 % - PAUL DAVID NEILL, 25 % -GARY DENNIS NEILL, 25 % -
BRUCE ANTHONY NEILL |
|
Authorised
Share Capital |
R1000.00 |
|
Issued
Share Capital/Members Contribution |
R
100.00 |
|
Status |
In
Business |
|
Operations
Assessment |
The
company operates as a manufacturer, importer and distributor of a full range
of butchery and meat processing requisites, including equipment, castings,
spice and ingredients and packaging. |
|
Industry/
Customers |
FMCG
Industry |
|
Export |
Yes |
|
Export
Countries |
Germany,Namibia,Zimbabwe |
|
Import |
|
|
Import
Countries |
Brazil,China |
|
Major
Industry Code / SICC |
30112 |
|
Definition
of Code |
Manufacture
of prepared and preserved meat, saugae & by-products |
|
Head
Office Physical Address |
323
VOORTREKKER ROAD, MAITLAND, CAPE TOWN, 7405 |
|
Head
Office Postal Address |
P
O BOX 277, MAITLAND, CAPE TOWN, 1404 |
|
Current
Tel Number |
0215114009 |
|
Cell
Number |
0824904676 |
|
Current
Fax Number |
0215117514 |
|
Current
Email Address |
|
|
Web
Site Address |
|
|
Comments |
|
|
Company
Registered Name |
GRANT
THORNTON PS ADVISORY (PTY)LTD |
|
Trading
Name |
GRANT
THORNTON |
|
Registration
Number |
M2000/011066/07 |
|
Physical
Address |
137
Daisy St, JOHANNESBURG, 2196 |
|
Postal
Address |
PRIVATE
BAG 28, BENMORE, 2010 |
|
Contact
Person |
|
|
Contact
Number |
0113224500 |
|
Email |
Unavailable |
|
Principals |
5 |
|
Judgements
Against Subject |
No
information found on file |
|
Judgements
Against Principals |
No
information found on file |
|
Subject
Verified as Client |
Yes |
|
Practice
Number |
925438E |
|
VAT
Number |
4520189756 |
|
Tax
Number |
9419068144 |
|
BEE
Status |
Level
2 |
|
Financial
Year End |
February |
|
No
of years in Business |
11 |
|
Website |
|
|
Comment |
|
Previous
Auditors
|
Company
Name |
Phone
Number |
Time
with previous auditors |
Comment |
|
M
D ACCOUNTANTS AND AUDITORS INCORPORATED |
|
Unknown |
|
|
Vat
Number |
4650204789 |
|
Status |
ACTIVE |
|
Vat
Liable Date |
2002/09/01 |
|
Tax
Number |
9249375149 |
|
Tax
Clearance Expire Date |
|
|
Financial
Year End |
February |
|
Comment |
|
|
Black
Economic Empowerment |
|
|
Status |
No |
|
Score |
|
|
Expire
Date |
|
|
BEE
Certificate Available |
No |
|
Comment |
|
|
ISO
Status |
|
|
Type
of ISO Grade |
There
is no ISO certification |
|
ISO
Certificate |
No |
|
ISO
Certificate Available |
No |
|
Certified
by an Accredited Agent |
No |
|
Comment |
|
|
Workman's
compensation |
|
|
Registered |
Yes |
|
Compliance
Certified |
Yes |
|
Comment |
|
Subsidiaries
Information - No Information on Record
|
Employees |
|
|
Number
of Employees |
400 |
|
1.
Salaried employees |
|
|
2.
Waged employees |
|
|
3.
Permanent employees |
|
|
4.
Casual employees |
|
|
5.
Contracted employees |
|
|
Comment |
The
employee breakdown mainly consists of salaried employees. A further breakdown
was not made available. |
|
Company
Fleet |
|
|
Company
Fleet |
No
of vehicles:
Ownerd/Leased
Value
Outstanding Balance |
|
Comment |
The
total amount of LDV's were not made available |
|
Light
delivery Vehicles |
Owned |
|
Offices |
Offices |
|
Head
Office Owned/ Rented |
Leased |
|
Rental
Company |
|
|
Owned
by |
|
|
Value |
|
|
Bond |
|
|
Bank |
|
|
Lease
Agreement |
|
|
Lease
Expire Date |
|
|
Type
of Premises |
Office
and Factory |
|
Comment |
The
premises are leased from an directors associate company. |
Branch
Information - No Information on Record
|
Level |
Position |
Name |
Comment |
1 Director BRYAN
NEILL
2 Director PAUL
DAVID NEILL
3 Director GARY
DENNIS NEILL
Company
Structure (Ownership)
Note:
One level up and all levels down
|
Holding |
Company |
Sub |
Comment |
|
40
% - BRYAN NEILL |
EXIM
INTERNATIONAL (PTY) LTD |
|
|
|
10
% - PAUL NEILL |
EXIM
INTERNATIONAL (PTY) LTD |
|
|
|
25
% - GARY NEILL |
EXIM
INTERNATIONAL (PTY) LTD |
|
|
|
25
% - BRUCE NEILL |
EXIM
INTERNATIONAL (PTY) LTD |
||
Key
Deals - No Information on Record
|
Trade
Reference nr |
Supplier |
Contact |
Surety
Value |
Notarial
Bonds |
Comment |
|
1 |
CIBA |
0215293829 |
|
|
|
|
2 |
NEEDAN
OIL |
0110632548 |
|
|
|
|
Nr |
Age
of Acc |
Credit
Limit |
Max
Credit |
Terms |
Average
Purchases |
Terms
Taken |
Comment |
|
1 |
1994 |
R
2000000.00 |
R
300000 |
30
DAYS |
R
300000 |
30
DAYS |
2.5%
settlement discount , no surety,good account |
|
2 |
|
|
|
|
|
|
Against
company policy to provide trade references |
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 |
NEDBANK |
|
Branch |
BUSINESS
SOUTH PENINSULA |
|
Brach
Code |
198765 |
|
Bank
Account Number |
1073283329 |
|
Type
of Account |
Cheque
account |
|
Account
Name |
EXIM
INTERNATIONAL (PTY)LTD |
|
Overdraft
Facilities |
DECLINED |
|
Bank
Code |
R |
|
Bank
Comment |
The
subject's bankers were unable to provide a bank code as the name and account number
is incorrect. |
Bank
Code History - No Information on Record
Previous
Bank Account Information - No Information on Record
Deeds
Information - No information on record
Principals
|
Number
of Principals |
3 |
|
Average
Age of Active Principals |
49 |
|
Active
Principals Principal - 1of 3 BRUCE NEILL |
|
|
Surname |
NEILL |
|
First
Name |
BRUCE |
|
Other
Names |
NONE |
|
Marital
Status |
Married |
|
ID
Number |
6101235735081 |
|
Verified
ID Number |
Yes |
|
Current
Age |
52 |
|
Designation |
BUSINESSMAN |
|
Status |
Active |
|
Appointment
Date |
2002/08/31 |
|
Physical
Address (at time of Appointment) |
6
TANYA ROAD, CONSTANTIA, 7800 |
|
Postal
Address |
P
O BOX 476, RONDEBOSCH, 7701 |
|
Current
Tel Number |
0217943091 |
|
Cell
number |
0824904683 |
|
Shareholding/Membership |
0.0000 |
Business
Information forBRUCE NEILL
Principal
Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
EXIM
REEF CC |
B1990/009645/23 |
In
Business |
23
Years 2 Months |
0 |
No |
|
|
NATURAL
HERBS AND SPICES CC |
B1994/029528/23 |
In
Business |
18
Years 8 Months |
0 |
No |
|
|
KAROO
CASINGS CC |
B1995/013013/23 |
In
Business |
18
Years 2 Months |
0 |
No |
|
|
EXIMPROP
INVESTMENTS CC |
B2011/058839/23 |
In
Business |
2
Years 1 Months |
0 |
No |
|
|
EXIM
SPICES (PTY)LTD |
M2000/025537/07 |
In
Business |
12
Years 7 Months |
0 |
No |
|
|
EXIM INTERNATIONAL
(PTY)LTD |
M2001/023754/07 |
In
Business |
11
Years 7 Months |
0 |
No |
|
Average
Age of Previous Business 18 Years
|
Company
Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
QUICKVEST
7 (PTY)LTD |
M1998/008544/07 |
Dissolved |
15
Years |
0 |
No |
|
|
EXIM
CASINGS CC |
B1992/010273/23 |
Deregistration
Final |
21
Years 1 Months |
0 |
No |
|
Principal's
Deeds Information - No information on record
Principal
Previous Business Interests
Principal's
Adverse - No information on record
Principal
- 2of 3
PAUL
NEILL
|
Surname |
NEILL |
|
First
Name |
PAUL |
|
Other
Names |
NONE |
|
Marital
Status |
Married |
|
ID
Number |
6809305661082 |
|
Verified
ID Number |
Yes |
|
Current
Age |
45 |
|
Designation |
BUSINESSMAN |
|
Status |
Active |
|
Appointment
Date |
2002/08/31 |
|
Physical
Address (at time of |
4
OLVIE CLOSE, CONSTANTIA, 7800 |
|
Appointment) |
|
|
Postal
Address |
P
O BOX 476, RONDEBOSCH, 7701 |
|
Current
Tel Number |
0215114009 |
|
Cell
number |
0824904676 |
|
Shareholding/Membership |
0.0000 |
Business
Information forPAUL NEILL
Principal
Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
EXIM
REEF CC |
B1990/009645/23 |
In
Business |
23
Years 2 Months |
0 |
No |
|
|
NATURAL
HERBS AND SPICES CC |
B1994/029528/23 |
In
Business |
18
Years 8 Months |
0 |
No |
|
|
KAROO
CASINGS CC |
B1995/013013/23 |
In
Business |
18
Years 2 Months |
0 |
No |
|
|
EXIMPROP
INVESTMENTS CC |
B2011/058839/23 |
In
Business |
2
Years 1 Months |
0 |
No |
|
|
EXIM
SPICES (PTY)LTD |
M2000/025537/07 |
In
Business |
12
Years 7 Months |
0 |
No |
|
|
EXIM INTERNATIONAL
(PTY)LTD |
M2001/023754/07 |
In
Business |
11
Years 7 Months |
0 |
No |
|
Average
Age of Previous Business 15 Years
|
Company
Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
QUICKVEST
7 (PTY)LTD |
M1998/008544/07 |
Dissolved |
15
Years |
0 |
No |
|
Principal's
Deeds Information - No information on record
Principal
Previous Business Interest
Principal's
Adverse - No information on record
Principal
- 3of 3 GARY NEILL
|
Surname |
NEILL |
|
First
Name |
GARY |
|
Other
Names |
NONE |
|
Marital
Status |
Married |
|
ID
Number |
6206255951086 |
|
Verified
ID Number |
Yes |
|
Current
Age |
51 |
|
Designation |
BUSINESSMAN |
|
Status |
Active |
|
Appointment
Date |
2002/08/31 |
|
Physical
Address (at time of |
14
AVENUE LOMBARDI, CONSTANTIA, 7800 |
|
Appointment) |
|
|
Postal
Address |
P
O BOX 476, RONDEBOSCH, 7701 |
|
Current
Tel Number |
0215104740 |
|
Cell
number |
0824904682 |
|
Shareholding/Membership |
0.0000 |
Business
Information forGARY NEILL
Principal
Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
EXIM
REEF CC |
B1990/009645/23 |
In
Business |
23
Years 2 Months |
0 |
No |
|
|
NATURAL
HERBS AND SPICES CC |
B1994/029528/23 |
In
Business |
18
Years 8 Months |
0 |
No |
|
|
KAROO
CASINGS CC |
B1995/013013/23 |
In
Business |
18
Years 2 Months |
0 |
No |
|
|
EXIMPROP
INVESTMENTS CC |
B2011/058839/23 |
In
Business |
2
Years 1 Months |
0 |
No |
|
|
EXIM
SPICES (PTY)LTD |
M2000/025537/07 |
In
Business |
12
Years 7 Months |
0 |
No |
|
|
EXIM INTERNATIONAL
(PTY)LTD |
M2001/023754/07 |
In
Business |
11
Years 7 Months |
0 |
No |
|
Average
Age of Previous Business 18 Years
|
Company
Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
EXIM
CASINGS CC |
B1992/010273/23 |
Deregistration
Final |
21
Years 1 Months |
0 |
No |
|
|
QUICKVEST
7 (PTY)LTD |
M1998/008544/07 |
Dissolved |
15
Years |
0 |
No |
|
Principal's
Deeds Information - No information on record
Principal
Previous Business Interest
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.49 |
|
|
1 |
Rs.86.01 |
|
Euro |
1 |
Rs.73.68 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.