MIRA INFORM REPORT

 

 

Report Date :

06.06.2013

 

IDENTIFICATION DETAILS

 

Name :

AFRIPACK (PTY)LTD

 

 

Formerly Known As :

PAPER SACKS (SA) PTY)LTD

 

 

Registered Office :

75 Richards Carte Road, MOBENI, Durban

 

 

Country :

South Africa

 

 

Date of Incorporation :

16.01.1933

 

 

Com. Reg. No.:

M1933/004294/07

 

 

Legal Form :

Private Company

 

 

Line of Business :

The company operates as a packaging supplier of a product range which includes extrusion coating, shrink and stretch sleeves, pouches and a variety of other flexible packaging products

 

 

No. of Employees :

1000

 

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 – 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


Summary

 

Subject Name

AFRIPACK (PTY) LTD

Country

South Africa

Account Review

Recommended Every 6 Months

Subject Contact Person

LYNELA - Accountant

Assessment

This is a well-established business. On investigation contact was made with LYNELA the accountant of the business. The company has been operating for 80 Years and 4 Months. No adverse information was revealed. LYNELA stated that AFRIPACK (PTY) LTD purchases from it's subsidiary, AFRIPACK CONSUMER FLEXIBLES (PTY) LTD. The physical address provided belongs to a branch of AFRIPACK (PTY) LTD. Please see the information obtained below.

 

 

Company Information

 

Registered Name

AFRIPACK (PTY)LTD

Trading as/ Division Name

AFRIPACK

Previous Name

PAPER SACKS (SA) PTY)LTD

Date of Name Change

Oct  4 1983 12:00AM

Registration Number

M1933/004294/07

Registration Date

1933/01/16

Date Commenced Trading

1933-01-16

Age of Business

80 Years 4 Months

History of Business

AFRIPACK (PTY) LTD underwent a name change from PAPER SACKS (SA) PTY) LTD to the current name in 1933. AFRIPACK (PTY)LTD has the following divisions: AFRIPACK SACKS, AFRIPACK COATINGS, AFRIPACK R2R

History of Principals

There are currently seven active directors within the business.

Shareholders/Members/Partners of subject and % holding

50 % - NOZALA INVESTMENTS (PTY) LTD, 25 % -MANAGEMENT, 25 % - PPC LTD

Authorised Share Capital

R 0.00

Issued Share Capital/Members Contribution

R 0.00

Status

In Business

Operations Assessment

The company operates as a packaging supplier of a product range which includes extrusion coating, shrink and stretch sleeves, pouches and a variety of other flexible packaging products

Industry/ Customers

Packaging industry

Export

 

Export Countries

 

Import

 

Import Countries

 

Major Industry Code / SICC

88950

Definition of Code

Packaging activities

Head Office Physical Address

75 Richards Carte Road, MOBENI, Durban

Head Office Postal Address

P O Box 12242, JACOBS, 4026

Current Tel Number

0314521300

Cell Number

Undisclosed

Current Fax Number

0314629420

Current Email Address

info@afripack.co.za

Web Site Address

www.afripac k.co .za

Comments

The following physical address belongs to a division of AFRIPACK COATINGS : 8 Red Street, Isithebe, 4490

 

 

Auditors Information

 

Company Registered Name

DELOITTE AND TOUCHE ACTUARIES AND CONSULTANTS (PTY)LTD

Trading Name

DELOITTE AND TOUCHE

Registration Number

M1999/007618/07

Physical Address

27 Somerset Road, Cape Quarter, Green Point, CAPE TOWN, WESTERN CAPE, 8005

Postal Address

P O BOX 578, CAPE TOWN, 8000

Contact Person

J MICHALETOS

Contact Number

0214275300

Email

jmichaletos@deloitte.co.za

Principals

241

Judgements Against Subject

No information found on file

Judgements Against Principals

No information found on file

Subject Verified as Client

Yes

Practice Number

902276

VAT Number

4460189394

Tax Number

9645059644

BEE Status

Level 2

Financial Year End

May

No of years in Business

21

Website

www.deloitte.com/za

Comment

 

 

Previous Auditors Information - No Information on Record

 

 

Tax Information

 

Vat Number

4530102419

Status

ACTIVE

Vat Liable Date

 

Tax Number

9775015713

Tax Clearance Expire Date

 

Financial Year End

September

Comment

 

Black Economic Empowerment

Status

Yes

Score

5.00

Expire Date

Feb 22 2013

BEE Certificate Available

Yes

Comment

 

ISO Status

Type of ISO Grade

2004-14001

ISO Certificate

Yes

ISO Certificate Available

No

Certified by an Accredited Agent

Yes

Comment

 

 

Type of ISO Grade

2007-18001

ISO Certificate

Yes

ISO Certificate Available

No

Certified by an Accredited Agent

Yes

Comment

 

 

Type of ISO Grade

2008-9001

ISO Certificate

Yes

ISO Certificate Available

No

Certified by an Accredited Agent

Yes

Comment

 

 

Workman's compensation

 

Registered

Yes

Compliance Certified

Yes

Comment

 

 

 

Company Structure

 

Subsidiaries

 

Subsidiary Company

AFRIPACK CONSUMER FLEXIBLES (PTY) LTD

Shareholding

100%

Registration Number

2008/016495/07

Import / Export

Both Export and Import

Comment

 

Employees

Number of Employees

1000

1. Salaried employees

 

2. Waged employees

 

3. Permanent employees

 

4. Casual employees

 

5. Contracted employees

 

Comment

The staff breakdown was not made available

Company Fleet

Company Fleet

No of vehicles:

Ownerd/Leased

Value

Outstanding Balance

Fleet Operations

 

 

 

 

The Fleet is made up of

 

Comment

Further details were not made available

Light delivery Vehicles

Owned

 

Offices

 

Offices

Offices

Head Office Owned/ Rented

Owned

Rental Company

N/A

Owned by

LANDPACK (PTY)LTD

Value

 

Bond

 

Bank

Unavailable

Lease Agreement

N/A

Lease Expire Date

N/A

Type of Premises

Offices and warehousing units

Comment

 

Branch Information

Branches Names

Country

Province

AFRIPACK DURBAN

South Africa

KWA ZULU NATAL

AFRIPACK CAPE TOWN

South Africa

EASTERN CAPE

AFRIPACK JOHANNESBURG

South Africa

GAUTENG

Branch Detail Information

Branches Owned/ Rented

 

Rental Company

Undisclosed

Owned by

Undisclosed

Value

 

Bond

 

Bank

Undisclosed

Lease Agreement

Undisclosed

Lease Expire Date

Undisclosed

Type of Premises

Undisclosed

Comment

 

 

Branches Owned/ Rented

 

Rental Company

Undisclosed

Owned by

Undisclosed

Value

 

Bond

 

Bank

Undisclosed

Lease Agreement

Undisclosed

Lease Expire Date

Undisclosed

Type of Premises

Undisclosed

Comment

 

 

Branches Owned/ Rented

 

Rental Company

Undisclosed

Owned by

Undisclosed

Value

 

Bond

 

Bank

Undisclosed

Lease Agreement

Undisclosed

Lease Expire Date

Undisclosed

Type of Premises

Undisclosed

Comment

 

 

Management Overview

 

Organisation Chart

 

Level     |           Position            |                                   Name                                        | Comment

~1        I           DIRECTOR                    I           THEMBISA DINGAAN

~1        I           DIRECTOR                    I           MARK FLOYD

~1        I           DIRECTOR                    I           PANIC RAMMOPO

~1        I CHIEF EXECUTIVE OFFICER   I           SALUKAZI HLONGWANE

~1        I           DIRECTOR                    I           JAMES HYND

~1        I           DIRECTOR                    I           PETER ESTERHUYSEN

~1        I           DIRECTOR                    I           ARNOLD VERMAAK                  I

 

Company Structure (Ownership)

 

Note: One level up and all levels down

 

Holding

Company

Sub

Comment

50 % - NOZALA INVESTMENTS (PTY) LTD

AFRIPACK (PTY) LTD

 

 

25 % -  PPC LTD

AFRIPACK (PTY) LTD

 

 

25 % - MANAGEMENT

AFRIPACK (PTY) LTD

 

Key deals signed within the past 12 months.

 

Company

Value

Contact

Comment

ASTRAPAK AND AFRIPACK JOINT

VENTURE

 

Undisclosed

The Joint Venture between ASTRAPAK AND AFRIPACK was announced on the 16th April 2013

 

 

Trade References

 

Trade Reference nr

Supplier

Contact

Surety Value

Notarial Bonds

Comment

1

AFRIPACK CONSUMER

FLEXIBLES (PTY) LTD

031 4521300

 

 

AFRIPAK (PTY)LTD

purchases raw material from its subsidiary, AFRIPACK CONSUMER FLEXIBLES (PTY) LTD. Futher details were declined

 

Trade References Detail

 

Nr

Age of Acc

Credit Limit

Max Credit

Terms

Average Purchases

Terms Taken

Comment

1

 

 

 

 

 

 

 

 

Adverse Information on Subject

 

Judgements

 

Judgements

None

Possible Judgements

None

Civil Court

Nil

RDs

Nil

Comment

No Information on Record

 

Business Rescue

 

Date registered

Business rescue practitioner

Contact Information

Details

Comment

 

NO INFORMATION FOUND ON FILE

No Information on Record

No Information on Record

No Information on Record

 

Default Listings

 

Date

Details

Comment

 

NO INFORMATION FOUND ON FILE

No Information on Record

Notarial Bonds

Date

Details

Comment

 

NO INFORMATION FOUND ON FILE

No Information on Record

 

 

Bank Information

 

Bank

NEDBANK

Branch

BUSINESS KZN

Brach Code

198765

Bank Account Number

1648133304

Type of Account

CURRENT

Account Name

AFRIPACK (PTY)LTD

Overdraft Facilities

Undisclosed

Bank Code

C - For R 500 000

Bank Comment

Good for the amount quoted, if strictly in the way of business

 

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

7

Average Age of Active Principals

50

Active Principals Principal - 1of 7 THEMBISA DINGAAN

Surname

DINGAAN

First Name

THEMBISA

Other Names

NONE

Marital Status

Married

ID Number

7304070483085

Verified ID Number

Yes

Current Age

40

Designation

DIRECTOR

Status

Active

Appointment Date

2012/06/04

Physical Address (at time of Appointment)

3 BURLEIGH CRESCENT, DURBAN NORTH, DURBAN, KWAZULU NATAL, 4036

Postal Address

3 BURLEIGH CRESCENT, DURBAN NORTH, DURBAN NORTH, DURBAN, 4036

Current Tel Number

0112802203

Cell number

0784569577

Shareholding/Membership

0.0000

 

Principal's Adverse - No information on record

 

Business Information forTHEMBISA DINGAAN Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

BLACK MANCO (PTY)LTD

K2011/126235/07

In Business

1 Years 7 Months

0

No

 

AFRIPACK HOLDINGS (PTY)LTD

K2012/176572/07

In Business

8 /Months

0

No

 

AFRIPACK (PTY)LTD

M1933/004294/07

In Business

80 Years 4 Months

0

No

 

IMPERIAL HOLDINGS LTD

M1946/021048/06

In Business

67 Years 2 Months

0

No

 

MUSTEK LTD

M1987/070161/06

In Business

26 Years 1 Months

0

No

 

APOLLO TYRES SOUTH AFRICA (PTY)LTD

M1997/021619/07

In Business

15 Years 5 Months

0

No

 

SKWEYIYA

INVESTMENTS

(PTY)LTD

M1998/010111/07

In Business

15 Years

0

No

 

SKWEYIYA INVESTMENT HOLDINGS (PTY)LTD

M1998/010435/07

In Business

14 Years 11 Months

0

No

 

ADAPTIT HOLDINGS LTD

M1998/017276/06

In Business

14 Years 8 Months

0

No

 

UKHAMBA HOLDINGS (PTY)LTD

M1998/017702/07

In Business

14 Years 8 Months

0

No

 

BROADCAPE

INVESTMENTS

(PTY)LTD

M1999/026859/07

In Business

13 Years 5 Months

0

No

 

ZEIGLER

INVESTMENTS

(PTY)LTD

M2003/027490/07

In Business

9 Years 7 Months

0

No

 

ALLORCA (PTY)LTD

M2003/031985/07

In Business

9 Years 5 Months

0

No

 

RIVALO

INVESTMENTS

(PTY)LTD

M2004/029671/07

In Business

8 Years 7 Months

0

No

 

SWEET SENSATION 67 (PTY)LTD

M2005/040970/07

In Business

7 Years 6 Months

0

No

 

CENTRIC

CONSORTIUM

(PTY)LTD

M2006/000664/07

In Business

7 Years 4 Months

0

No

 

TERMICO (PTY)LTD

M2006/025307/07

In Business

6 Years 9 Months

0

No

 

CARDIAC MOBILE (PTY)LTD

M2010/007283/07

In Business

3 Years 1 Months

0

No

 

THESHKA (PTY)LTD

M2011/004840/07

In Business

2 Years 3 Months

0

No

 

 

Principal Previous Business Interest

Average Age of Previous Business           10 Years

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

AFRICAN FOOTPRINT INVESTMENT HOLDINGS (PTY)LTD

2004/017111/07

In Business

8 Years 11 Months

0

No

 

IDENTITY CORPORATE ADVISORS (PTY)LTD

2006/006281/07

Deregistration Final

7 Years 2 Months

0

No

 

FORTUNE BEVERAGES LTD

M1986/002814/06

Voluntary Liquidation

26 Years 10 Months

0

Yes

 

NOZALA INVESTMENTS (PTY)LTD

M1996/004733/07

In Business

17 Years 1 Months

0

No

 

KNOWLEDGE FACTORY (PTY)LTD

M1997/000687/07

In Business

16 Years 4 Months

0

No

 

ONE STONE CAPITAL (PTY)LTD

M2000/008789/07

In Business

13 Years

0

No

 

OLD MUTUAL GLOBAL INDEX TRACKERS (PTY)LTD

M2000/028675/07

In Business

12 Years 6 Months

0

No

 

PIKITUP

JOHANNESBURG (PTY)LTD

M2000/029899/07

In Business

12 Years 6 Months

0

No

 

EXPORT CREDIT INSURANCE CORPORATION OF SOUTH AFRICA LTD

M2001/013128/06

In Business

11 Years 11 Months

0

No

 

ROYAL BAFOKENG RESOURCES HOLDINGS (PTY)LTD

M2002/015191/07

In Business

10 Years 11 Months

0

No

 

CIPLA MEDPRO SOUTH AFRICA LTD

M2002/018027/06

In Business

10 Years 10 Months

0

No

 

AGITO GROUP (PTY)LTD

M2002/025386/07

Deregistration Final

10 Years 7 Months

0

No

 

SKINWELL HOLDINGS LTD

M2003/025374/06

In Business

9 Years 7 Months

0

No

 

BORZOV INVESTMENTS (PTY)LTD

M2003/027255/07

Deregistration Final

9 Years 7 Months

0

No

 

PERSONIFY (PTY)LTD

M2003/027556/07

Deregistration Final

9 Years 6 Months

0

No

 

AGITO CAPITAL (PTY)LTD

M2004/009777/07

Deregistration Final

9 Years 1 Months

0

No

 

ALCORUS (PTY)LTD

M2005/020859/07

Deregistration Final

7 Years 11 Months

0

No

 

 

MINSKI (PTY)LTD

M2006/006668/07

In Business

7 Years 2 Months

0

No

 

AKINA ENERGY RESOURCES (PTY)LTD

M2007/007601/07

Deregistration Final

6 Years 2 Months

0

No

 

 

Principal's Adverse - No information on record

 

Principal's Deeds Information - No information on record

Principal - 2of 7 MARK FLOYD

 

Surname

FLOYD

First Name

MARK

Other Names

NONE

Marital Status

Married

ID Number

6105195139085

Verified ID Number

Yes

Current Age

52

Designation

DIRECTOR

Status

Active

Appointment Date

2011/06/21

Physical Address (at time of Appointment)

12 WAEVERS POND DRIVE, THE BEACH ESTATE, SIMBALI BALLITO, KWA-ZULU NATAL, 4418

Postal Address

PO BOX 42, ZIMBALI, BALLITO, KWA-ZULU NATAL, 4418

Current Tel Number

0118026158

Cell number

0824984648

Shareholding/Membership

0.0000

 

Business Information forMARK FLOYD

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

APPOINT WISELY TRADE AND INVEST (PTY)LTD

K2011/146463/07

In Business

1 Years 5 Months

0

No

 

AFRIPACK HOLDINGS (PTY)LTD

K2012/176572/07

In Business

8 Months

0

No

 

AFRIPACK (PTY)LTD

M1933/004294/07

In Business

80 Years 4 Months

0

No

 

AFRIPACK CONSUMER FLEXIBLES (PTY)LTD

M2008/016495/07

In Business

4 Years 10 Months

0

No

 

UCINGO

ADMINISTRATION 321 (PTY)LTD

M2009/010610/07

In Business

3 Years 11 Months

0

No

 

MARK FLOYD CONSULTING SERVICES (PTY)LTD

M2010/024673/07

In Business

2 Years 5 Months

0

No

 

 

Principal's Deeds Information - No information on record

 

Average Age of Previous Business           6 Years

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

FONESURE ADMINISTRATION CC

B2008/259321/23

Deregistration Final

4 Years 5 Months

0

No

 

WILLIS SOUTH AFRICA (PTY)LTD

M1997/020469/07

In Business

15 Years 6 Months

0

No

 

STRATEGIC TRANSFER SOLUTIONS (PTY)LTD

M2008/012031/07

In Business

5 Years

0

No

 

JOYSPRING TRADE AND INVEST 23 (PTY)LTD

M2010/018664/07

In Business

2 Years 8 Months

0

No

 

 

Principal - 3of 7

PANIC RAMMOPO

 

Surname

RAMMOPO

First Name

PANIC

Other Names

NONE

Marital Status

Married

ID Number

6801245797084

Verified ID Number

Yes

Current Age

45

Designation

DIRECTOR

Status

Active

Appointment Date

2005/04/11

Physical Address (at time of Appointment)

STAND 223, 43 GOSFORTH CRESCENT, KYALAMI ESTATE, 1684

Postal Address

223 GOSFORTH CRESCENT, KYALAMI ESTATE, MIDRAND, GAUTENG, 1684

Current Tel Number

0114035588

Cell number

0836692578

Shareholding/Membership

0.0000

 

Principal's Adverse - No information on record

 

Business Information forPANIC RAMMOPO Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

ERF 223 KYALAMI CC

B1996/027233/23

In Business

16 Years 11 Months

0

No

 

AFRIPACK HOLDINGS (PTY)LTD

K2012/176572/07

In Business

8 Months

0

No

 

AFRIPACK (PTY)LTD

M1933/004294/07

In Business

80 Years 4 Months

0

No

 

AEROMARITIME INTERNATIONAL MANAGEMENT SERVICES (PTY)LTD

M1978/001788/07

In Business

35 Years

0

No

 

WOODLANDS DAIRY (PTY)LTD

M1988/002068/07

In Business

25 Years 1 Months

0

No

 

NOZALA

INVESTMENTS

(PTY)LTD

M1996/004733/07

In Business

17 Years 1 Months

0

No

 

NOZALA

RESOURCES

(PTY)LTD

M2001/011849/07

In Business

12 Years

0

No

 

NOZALA PACKAGING HOLDINGS (PTY)LTD

M2003/026003/07

In Business

9 Years 7 Months

0

No

 

NOZALA COAL (PTY)LTD

M2004/012963/07

In Business

9 Years

0

No

 

NOZALA MINING SERVICES (PTY)LTD

M2004/016527/07

In Business

8 Years 11 Months

0

No

 

NOZALA DIAMONDS (PTY)LTD

M2004/024645/07

In Business

8 Years 9 Months

0

No

 

NOZALA MCC (PTY)LTD

M2004/035093/07

In Business

8 Years 5 Months

0

No

 

NEWSHELF 782 (PTY)LTD

M2005/013067/07

In Business

8 Years 1 Months

0

No

 

WHEATFIELDS INVESTMENTS NO 216 (PTY)LTD

M2005/030637/07

In Business

7 Years 9 Months

0

No

 

KUTTING

MPUMULANGA

(PTY)LTD

M2007/006900/07

In Business

6 Years 2 Months

0

No

 

 

TRANSCEND CORPORATE ADVISORS (PTY)LTD

M2008/002096/07

In Business

5 Years 4 Months

0

No

 

MOODY BLUE TRADE AND INVEST 157 (PTY)LTD

M2008/006630/07

In Business

5 Years 2 Months

0

No

 

VIA RAIL LEASING (PTY)LTD

M2008/006763/07

In Business

5 Years 2 Months

0

No

 

AFRIPACK CONSUMER FLEXIBLES (PTY)LTD

M2008/016495/07

In Business

4 Years 10 Months

0

No

 

MASAKHANE BROAD BASED

INVESTMENTS (PTY)LTD

M2008/025801/07

In Business

4 Years 7 Months

0

No

 

REJEM-NOZALA (PTY)LTD

M2009/010660/07

In Business

3 Years 11 Months

0

No

 

NULANE

INVESTMENTS 244 (PTY)LTD

M2009/018353/07

In Business

3 Years 8 Months

0

No

 

DIGITAL VISION TECHNOLOGIES (PTY)LTD

M2009/020870/07

In Business

3 Years 7 Months

0

No

 

NOZALA HEALTH

PARTNERS

(PTY)LTD

M2011/004861/07

In Business

2 Years 3 Months

0

No

 

ACAPULCO TRADE AND INVEST 164 (PTY)LTD

M2011/005873/07

In Business

2 Years 2 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

THABI INVESTMENTS CC

B2001/032011/23

Deregistration Final

12 Years

0

No

 

SYNERGY PORT OPERATIONS (PTY)LTD

K2011/131265/07

In Business

1 Years 6 Months

0

No

 

SYNERGY WORLDWIDE LOGISTICS (PTY)LTD

M1996/002406/07

In Business

17 Years 3 Months

0

No

 

TSEBO OUTSOURCING GROUP (PTY)LTD

M1996/008862/07

In Business

16 Years 10 Months

1

No

 

BYE BYE PROTECTION SERVICES (PTY)LTD

M1996/009044/07

Voluntary Liquidation

16 Years 10 Months

0

Yes

 

KENSANI CONSORTIUM (PTY)LTD

M1996/016629/07

In Business

16 Years 6 Months

0

No

 

 

LESEDING

INVESTMENTS

(PTY)LTD

M1997/001380/07

Deregistration Final

16 Years 3 Months

0

No

 

SCHRADER SOUTH AFRICA (PTY)LTD

M1997/003949/07

In Business

16 Years 2 Months

0

No

 

HIGHLAND HOUSE SA (PTY)LTD

M1998/003351/07

Deregistration Final

15 Years 3 Months

0

No

 

HIGHLAND PRINT SA (PTY)LTD

M1998/003352/07

Deregistration Final

15 Years 3 Months

0

No

 

HIGHLAND PRINT HOLDINGS (PTY)LTD

M1998/007411/07

Dissolved

15 Years 1 Months

0

No

 

NOZFEDINVESTMENTS (PTY)LTD

M1998/017947/07

Deregistration Final

14 Years 8 Months

0

No

 

NOZALA TELECOMS (PTY)LTD

M1999/008537/07

Deregistration Final

14 Years 1 Months

0

No

 

FPT PORT LEASING (PTY)LTD

M1999/013086/07

In Business

13 Years 11 Months

0

No

 

BLOOD SWEAT TEARS AND JOY OUTSOURCING (PTY)LTD

M1999/028018/07

In Business

13 Years 5 Months

0

No

 

FEDICS STRATEGIC

INVESTMENTS

(PTY)LTD

M1999/028127/07

Voluntary Liquidation

13 Years 5 Months

0

Yes

 

FEDERAL FORENSIC SERVICES (PTY)LTD

M2000/022867/07

Deregistration Final

12 Years 8 Months

0

No

 

ETLEIMU PROTECTION SERVICES (PTY)LTD

M2000/030323/07

Deregistration Final

12 Years 5 Months

0

No

 

OMNIPACT SA INVESTMENTS 76 (PTY)LTD

M2001/025228/07

In Business

11 Years 7 Months

0

No

 

NOZWENI (PTY)LTD

M2002/005343/07

In Business

11 Years 2 Months

0

No

 

NOZALA CONNEXION (PTY)LTD

M2002/029199/07

In Business

10 Years 6 Months

0

No

 

THEMBEKA MINING HOLDINGS (PTY)LTD

M2004/016530/07

In Business

8 Years 11 Months

0

No

 

PRECRETE HOLDINGS (PTY)LTD

M2004/016915/07

In Business

8 Years 11 Months

0

No

 

ARE-EMENG HOLDING (PTY)LTD

M2004/027030/07

Deregistration Final

8 Years 8 Months

0

No

 

NOZALA FRUIT TERMINAL SERVICES (PTY)LTD

M2005/006461/07

Deregistration Final

8 Years 3 Months

0

No

 

 

Principal's Deeds Information - No information on record

 

Principal - 4of 7 SALUKAZI HLONGWANE

 

Surname

HLONGWANE

First Name

SALUKAZI

Other Names

NONE

Marital Status

Married

ID Number

5008120768088

Verified ID Number

Yes

Current Age

63

Designation

CHIEF EXECUTIVE OFFICER

Status

Active

Appointment Date

2004/08/19

Physical Address (at time of Appointment)

1407 COLLINGHAM CLOSE, DAINFERN ESTATE, HIGHGATE EXT 10, 2055

Postal Address

P O BOX 3340, DAINFERN, 2055

Current Tel Number

0114635588

Cell number

0832667049

Shareholding/Membership

0.0000

 

Principal's Adverse - No information on record

 

Business Information forSALUKAZI HLONGWANE Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

ERF 1407 DAINFERN PROPERTIES CC

B1999/002345/23

In Business

14 Years 4 Months

0

No

 

AFRIPACK (PTY)LTD

M1933/004294/07

In Business

80 Years 4 Months

0

No

 

NOZALA

INVESTMENTS

(PTY)LTD

M1996/004733/07

In Business

17 Years 1 Months

0

No

 

KYOCERA MITA SOUTH AFRICA (PTY)LTD

M1997/016249/07

In Business

15 Years 8 Months

0

No

 

HITEC RUBBER (PTY)LTD

M1999/016489/07

In Business

13 Years 10 Months

0

No

 

EXXARO

RESOURCES LTD

M2000/011076/06

In Business

12 Years 11 Months

0

No

 

WOODLANDS DAIRY

LOGISTICS

(PTY)LTD

M2001/001957/07

In Business

12 Years 4 Months

0

No

 

NOZALA

RESOURCES

(PTY)LTD

M2001/011849/07

In Business

12 Years

0

No

 

NOZALA CAPITAL

MANAGEMENT

(PTY)LTD

M2001/014256/07

In Business

11 Years 10 Months

0

No

 

NEWMILLEN 122

INVESTMENTS

(PTY)LTD

M2001/028063/07

In Business

11 Years 6 Months

0

No

 

NOZWENI (PTY)LTD

M2002/005343/07

In Business

11 Years 2 Months

0

No

 

NEXUS CONNEXION (SA) (PTY)LTD

M2002/006172/07

In Business

11 Years 2 Months

0

No

 

NOZALA PACKAGING HOLDINGS (PTY)LTD

M2003/026003/07

In Business

9 Years 7 Months

0

No

 

NOZALA COAL (PTY)LTD

M2004/012963/07

In Business

9 Years

0

No

 

GEA NILENCA (PTY)LTD

M2004/013359/07

In Business

9 Years

0

No

 

NOZALA MINING SERVICES (PTY)LTD

M2004/016527/07

In Business

8 Years 11 Months

0

No

 

NOZALA DIAMONDS (PTY)LTD

M2004/024645/07

In Business

8 Years 9 Months

0

No

 

 

NOZALA MCC (PTY)LTD

M2004/035093/07

In Business

8 Years 5 Months

0

No

 

GIDANI (PTY)LTD

M2005/007741/07

In Business

8 Years 2 Months

0

No

 

NEWSHELF 782 (PTY)LTD

M2005/013067/07

In Business

8 Years 1 Months

0

No

 

NOZALUTHANDO INVESTMENT HOLDINGS (PTY)LTD

M2005/020975/07

In Business

7 Years 11 Months

0

No

 

MAIN STREET 333 (PTY)LTD

M2005/025692/07

In Business

7 Years 10 Months

0

No

 

MORNING TIDE INVESTMENTS 168 (PTY)LTD

M2005/030141/07

In Business

7 Years 9 Months

0

No

 

QUICK LEAP INVESTMENTS 483 (PTY)LTD

M2005/030332/07

In Business

7 Years 9 Months

0

No

 

DREAM WORLD INVESTMENTS 481 (PTY)LTD

M2005/037931/07

In Business

7 Years 7 Months

0

No

 

 

Principal Previous Business Interest

Average Age of Previous Business           15 Years

 

INTERACTIVE TUTOR (PTY)LTD

M1999/027454/07

In Business

13 Years 5 Months

0

No

 

BLOOD SWEAT TEARS AND JOY OUTSOURCING (PTY)LTD

M1999/028018/07

In Business

13 Years 5 Months

0

No

 

FEDICS STRATEGIC

INVESTMENTS

(PTY)LTD

M1999/028127/07

Voluntary Liquidation

13 Years 5 Months

0

Yes

 

DRUMMONDSIDE

INVESTMENTS

(PTY)LTD

M2001/011858/07

Deregistration Final

12 Years

0

No

 

VUYA FOUNDATION

M2001/028759/08

In Business

11 Years 6 Months

0

No

 

TSOGO SUN GAMING (PTY)LTD

M2002/006402/07

In Business

11 Years 2 Months

0

No

 

TSHWANE PRIVATE HOSPITALS (PTY)LTD

M2002/012543/07

Deregistration Process

11 Years

0

No

 

NOZALA CONNEXION (PTY)LTD

M2002/029199/07

In Business

10 Years 6 Months

0

No

 

UMTHUNZI TELECOMS

CONSORTIUM

(PTY)LTD

M2003/018816/07

Deregistration Final

9 Years 9 Months

0

No

 

THEMBEKA MINING HOLDINGS (PTY)LTD

M2004/016530/07

In Business

8 Years 11 Months

0

No

 

PRECRETE HOLDINGS (PTY)LTD

M2004/016915/07

In Business

8 Years 11 Months

0

No

 

NOZALA FRUIT TERMINAL SERVICES (PTY)LTD

M2005/006461/07

Deregistration Final

8 Years 3 Months

0

No

 

SPECIAL OLYMPICS SOUTH AFRICA

M2005/017529/08

In Business

8 Years

0

No

 

WHEATFIELDS INVESTMENTS NO 216 (PTY)LTD

M2005/030637/07

In Business

7 Years 9 Months

0

No

 

 

Principal's Deeds Information - No information on record

 

Principal - 5of 7 JAMES HYND

 

Surname

HYND

First Name

JAMES

Other Names

NONE

Marital Status

Married

ID Number

7208055003083

Verified ID Number

Yes

Current Age

41

Designation

DIRECTOR

Status

Active

Appointment Date

2004/05/01

Physical Address (at time of Appointment)

8 BRIDELIA CLOSE, SIMBITHI ECO ESTATE, BALLITO, KWAZULU-NATAL, 4420

Postal Address

PO BOX 1016, SIMBITHI, 4390

Current Tel Number

0314521304

Cell number

0832338133

Shareholding/Membership

0.0000

 

Principal's Adverse - No information on record

 

Business Information forJAMES HYND

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

AFRIPACK HOLDINGS (PTY)LTD

K2012/176572/07

In Business

8 Months

0

No

 

AFRIPACK (PTY)LTD

M1933/004294/07

In Business

80 Years 4 Months

0

No

 

FLEXOSACK (PTY)LTD

M1973/007027/07

In Business

39 Years 11 Months

0

No

 

ELDERBERRY INVESTMENTS 110 (PTY)LTD

M2007/015704/07

In Business

6 Years

0

No

 

BLOCKBUSTER TRADING 9 (PTY)LTD

M2007/019579/07

In Business

5 Years 10 Months

0

No

 

AFRIPACK CONSUMER FLEXIBLES (PTY)LTD

M2008/016495/07

In Business

4 Years 10 Months

0

No

 

GREENASH TRADING AND INVESTMENTS 21 (PTY)LTD

M2009/002351/07

In Business

4 Years 3 Months

0

No

 

DILPACK SA (PTY)LTD

M2010/022716/07

In Business

2 Years 6 Months

0

No

 

 

Principal Previous Business Interest

Average Age of Previous Business           22 Years

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

J AND J ACCOUNTING SERVICES CC

B1997/001573/23

Deregistration Final

16 Years 4 Months

0

No

 

KOHLER FLEXIBLE PACKAGING (PINETOWN) (PTY)LTD

M1972/008770/07

Deregistration Final

40 Years 9 Months

0

No

 

KOHLER DIGIFLEX (PTY)LTD

M2001/007824/07

Deregistration Final

12 Years 1 Months

0

No

 

 

Principal - 6of 7 PETER ESTERHUYSEN

 

Surname

ESTERHUYSEN

First Name

PETER

Other Names

NONE

Marital Status

Married

ID Number

5605285149002

Verified ID Number

Yes

Current Age

57

Designation

DIRECTOR

Status

Active

Appointment Date

2003/12/01

Physical Address (at time of

25 COLLINS STREET, WINDSOR GLEN, RANDBURG, 2194

Appointment)

 

Postal Address

P O BOX  787416, SANDTON, 2146

Current Tel Number

0114624270

Cell number

0835774954

Shareholding/Membership

0.0000

 

Principal's Adverse - No information on record

 

Business Information forPETER ESTERHUYSEN

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

AFRIPACK HOLDINGS (PTY)LTD

K2012/176572/07

In Business

8 Months

0

No

 

AFRIPACK (PTY)LTD

M1933/004294/07

In Business

80 Years 4 Months

0

No

 

PPC CEMENT (PTY)LTD

M1949/034534/07

In Business

63 Years 9 Months

0

No

 

VARSRIVIER MARMER (PTY)LTD

M1965/007336/07

In Business

47 Years 9 Months

0

No

 

SLURRYLINK LEASING (PTY)LTD

M1992/007142/07

In Business

20 Years 5 Months

0

No

 

PROPERTY-CATS (PTY)LTD

M1997/002794/07

In Business

16 Years 3 Months

0

No

 

AFRIPACK CONSUMER FLEXIBLES (PTY)LTD

M2008/016495/07

In Business

4 Years 10 Months

0

No

 

 

Principal Previous Business Interest

Average Age of Previous Business           27 Years

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

PPC AGGREGATE QUARRIES (PTY)LTD

M1969/009568/07

In Business

43 Years 11 Months

0

No

 

AKZO NOBEL POWDER COATINGS SOUTH AFRICA (PTY)LTD

M1970/000500/07

In Business

43 Years 4 Months

0

No

 

SUB TWENTY-SIX HAZELMERE (PTY)LTD

M1970/010493/07

Dissolved

42 Years 9 Months

0

No

 

GANSVLEY PROPERTIES LTD

M1972/004003/06

Deregistration Final

41 Years 1 Months

0

No

 

FLEXOSACK (PTY)LTD

M1973/007027/07

In Business

39 Years 11 Months

0

No

 

HOME NEEDS (PTY)LTD

M1973/016524/07

Deregistration Final

39 Years 5 Months

0

No

 

ASH RESOURCES (PTY)LTD

M1975/000746/07

In Business

38 Years 2 Months

0

No

 

PLASCON-EVANS PAINTS (TRANSKEI) (PTY)LTD

M1977/060092/07

Deregistration Final

35 Years 6 Months

0

No

 

PLASTIQUIP (PTY)LTD

M1982/005231/07

Deregistration Final

31 Years

0

No

 

 

LIQUITRONICS (PTY)LTD

M1982/009021/07

Deregistration Final

30 Years 8 Months

0

No

 

SUPERTRAP HOLDINGS AND INVESTMENTS (PTY)LTD

M1983/002549/07

Deregistration Final

30 Years 2 Months

0

No

 

MEWA

MANUFACTURING COMPANY (1989) (PTY)LTD

M1986/002027/07

Dissolved

27 Years

0

No

 

SUPREME CASTOR (PTY)LTD

M1987/000302/07

Deregistration Final

26 Years 4 Months

0

No

 

REDUC INDUSTRIES LTD

M1987/000962/06

Deregistration Final

26 Years 2 Months

0

No

 

SUPREME INDUSTRIAL HOLDINGS LTD

M1987/003373/06

Deregistration Final

25 Years 10 Months

0

No

 

MEWA (TVL) (PTY)LTD

M1988/000510/07

Deregistration Final

25 Years 3 Months

0

No

 

PPC MARKETING (PTY)LTD

M1989/001036/07

Deregistration Final

24 Years 3 Months

0

No

 

INTERNATIONAL COLOUR CORPORATION (PTY)LTD

M1991/002191/07

In Business

22 Years 1 Months

0

No

 

RTA LEASING (PTY)LTD

M1993/007810/07

Voluntary Liquidation

19 Years 5 Months

0

Yes

 

DARTPROPS14 (PTY)LTD

M1995/007721/07

Deregistration Final

17 Years 10 Months

0

No

 

RTA FINANCE (PTY)LTD

M1995/010432/07

Voluntary Liquidation

17 Years 8 Months

0

Yes

 

PPC SALDANHA (PTY)LTD

M1996/010720/07

Dissolved

16 Years 9 Months

0

No

 

PPC SLAG (PTY)LTD

M1997/017992/07

Dissolved

15 Years 7 Months

0

No

 

LONGRIDGE COLOURANT (PTY)LTD

M1998/007068/07

Deregistration Final

15 Years 1 Months

0

No

 

NOZALA PACKAGING HOLDINGS (PTY)LTD

M2003/026003/07

In Business

9 Years 7 Months

0

No

 

 

Principal's Deeds Information - No information on record

 

Principal - 7of 7 ARNOLD VERMAAK

 

Surname

VERMAAK

First Name

ARNOLD

Other Names

NONE

Marital Status

Married

ID Number

5910085007081

Verified ID Number

Yes

Current Age

54

Designation

DIRECTOR

Status

Active

Appointment Date

1995/09/01

Physical Address (at time of

19 MEADOW LANE, KLOOF, KWAZULU-NATAL, 4001

Appointment)

 

Postal Address

PO BOX 12242, JACOBS, 4026

Current Tel Number

0314521300

Cell number

0836578967

Shareholding/Membership

0.0000

 

Principal's Adverse - No information on record

 

Business Information forARNOLD VERMAAK Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

AFRIPACK HOLDINGS (PTY)LTD

K2012/176572/07

In Business

8 Months

0

No

 

AFRIPACK (PTY)LTD

M1933/004294/07

In Business

80 Years 4 Months

0

No

 

FLEXOSACK (PTY)LTD

M1973/007027/07

In Business

39 Years 11 Months

0

No

 

PACKAGING COUNCIL OF SOUTH AFRICA

M1985/001427/08

In Business

28 Years 2 Months

0

No

 

AFRIPACK CONSUMER FLEXIBLES (PTY)LTD

M2008/016495/07

In Business

4 Years 10 Months

0

No

 

GREENASH TRADING AND INVESTMENTS 21 (PTY)LTD

M2009/002351/07

In Business

4 Years 3 Months

0

No

 

DILPACK SA (PTY)LTD

M2010/022716/07

In Business

2 Years 6 Months

0

No

 

THE MATTHEW WILLMAN VISUAL ARTS FOUNDATION

M2011/011761/08

In Business

1 Years 11 Months

0

No

 

 

Principal's Deeds Information - No information on record

 

 

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.56.42

UK Pound

1

Rs.86.54

Euro

1

Rs.73.86

 

 

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.