|
Report Date : |
21.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
DELITE
FOODS CC |
|
|
|
|
Formerly Known As : |
DELITE
FOODS (PTY) LTD |
|
|
|
|
Registered Office : |
Unit
B, 43 Bell Crescent Westlake Business Park Westlake, Cape Town, 7460 |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
18.09.1990 |
|
|
|
|
Com. Reg. No.: |
M1990/005600/07 |
|
|
|
|
Legal Form : |
Close Corporation |
|
|
|
|
Line of Business : |
Retail
Trade In Non-Specialised Stores With Food, Beverages and Tobacco
Predominating |
|
|
|
|
No. of Employees : |
12 |
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 : |
Satisfactory |
|
Payment Behaviour : |
Usually Correct |
|
Litigation : |
-- |
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 Unemployment remains high and outdated infrastructure has constrained growth.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
|
Subject
Name |
DELITE
FOODS CC |
|
Country |
South
Africa |
|
Subject
Contact Person |
ANNELINE
TRIVELLA - 0217891885 |
|
Assessment |
This
is a well-established and well -connected business. On investigation contact
was made with the Financial Manager ANNELINE TRIVELLA who assisted with the
investigation. The subject is meeting it's commitments timeously with
suppliers. A bank code C was obtained for an amount of R 1 500 000 over a
period of 30 days. Please see the available information on the subject below. |
|
Registered
Name |
DELITE
FOODS CC |
|
Previous
Name |
DELITE
FOODS (PTY) LTD |
|
Registration
Number |
M1990/005600/07 |
|
Registration
Date |
1990/09/18 |
|
Date
Commenced Trading |
1990-09-18 |
|
Age
of Business |
22
Years 6 Months |
|
History
of Business |
The
subject was established as a new business in 1990 and operations commenced
immediately. |
|
History
of Principals |
There
is 1 active member within the business. |
|
Shareholders/Members/Partners
of subject and % holding |
100
% - BRIAN LANTON |
|
Authorised
Share Capital |
R
0.00 |
|
Issued
Share Capital/Members Contribution |
R
0.00 |
|
Status |
Conversion
CO/CC or CC/CO |
|
Operations
Assessment |
Food
sector |
|
Industry/
Customers |
Supermarket
Chains, Shops |
|
Import |
Yes |
|
Import
Countries |
China,India |
|
Major
Industry Code / SICC |
62110 |
|
Definition
of Code |
RETAIL
TRADE IN NON-SPECIALISED STORES WITH FOOD,BEVERAGES AND TOBACCO PREDOMINATING |
|
Head
Office Physical Address |
UNIT
B, 43 BELL CRESCENT WESTLAKE BUSINESS PARK WESTLAKE, CAPE TOWN, 7460 |
|
Head
Office Postal Address |
PO
BOX 617, NOORDHOEK, 7979 |
|
Current
Tel Number |
0217891885 |
|
Current
Fax Number |
0866819079 |
|
Current
Email Address |
|
|
Web
Site Address |
|
Company
Registered Name |
KIRKMAN
LAMFEAR INC |
|
Trading
Name |
KIRKMAN
LAMFEAR |
|
Registration
Number |
M2000/024271/21 |
|
Physical
Address |
64
Roeland Square, Roeland Street, Cape Town, 8001 |
|
Postal
Address |
PO
Box 1869, Cape Town, 8000 |
|
Contact
Person |
Andrew
Kirkman |
|
Contact
Number |
0214656023 |
|
Email |
and
rew@ki rkman lanfea r.co.za |
|
Principals |
1 |
|
Judgements
Against Subject |
NONE |
|
Judgements
Against Principals |
NONE |
|
Subject
Verified as Client |
Yes |
|
Practice
Number |
953350 |
|
VAT
Number |
4410190252 |
|
Tax
Number |
9129199148 |
|
BEE
Status |
|
|
Financial
Year End |
February |
|
No
of years in Business |
Unknown |
|
Website |
|
|
Comment |
|
Previous
Auditors
|
Company
Name |
Phone
Number |
Time
with previous auditors |
Comment |
|
FRIEDBERG
MILLER GRUFT INCORPORATED |
|
Unknown |
|
|
STALLEY
ACCOUNTING CC |
|
3 |
|
|
Vat
Number |
4790152625 |
|
Status |
ACTIVE |
|
Vat
Liable Date |
|
|
Tax
Number |
9676692719 |
|
Tax
Clearance Expire Date |
|
|
Financial
Year End |
February |
|
Comment |
|
|
Black
Economic Empowerment |
|
|
Status |
Yes |
|
Score |
5.00 |
|
Expire
Date |
|
|
BEE
Certificate Available |
Yes |
|
Comment |
|
|
|
|
|
ISO
Information - No Information on Record |
|
|
Workman's
compensation |
|
|
Registered |
Yes |
|
Compliance
Certified |
Yes |
|
Comment |
|
Subsidiaries
Information - No Information on Record
Employees
|
Number
of Employees |
12 |
|
1.
Salaried employees |
4 |
|
2.
Waged employees |
8 |
|
3.
Permanent employees |
4 |
|
4.
Casual employees |
8 |
|
5.
Contracted employees |
|
|
Comment |
|
|
Company
Fleet |
|
|
Company
Fleet |
No
of vehicles:
Ownerd/Leased
Value
Outstanding Balance |
|
Fleet
Operations |
|
|
The
Fleet is made up of |
1 |
|
Comment |
|
|
Cars 1 Owned R 50000.00 R 0.00 |
|
Offices
|
Offices |
Offices |
|
Head
Office Owned/ Rented |
Leased |
|
Rental
Company |
Private |
|
Owned
by |
|
|
Value |
|
|
Bond |
|
|
Bank |
|
|
Lease
Agreement |
|
|
Lease
Expire Date |
|
|
Type
of Premises |
Offices
& Warehouse |
|
Comment |
|
Branch
Information - No Information on Record
Organisation
Chart
|
Level |
Position |
Name |
Comment |
|
|
|||
|
1 |
MEMBER |
BRIAN
LANTON |
|
Company
Structure (Ownership)
Note:
One level up and all levels down
|
Holding |
Company |
Sub |
Comment |
|
100%
BRIAN LANTON |
DELITE
FOODS CC |
|
|
Key
deals signed within the past 12 months.
|
Company |
Value |
Contact |
Comment |
|
Pick
n Pay |
R100000.00 |
|
Various
buyers |
|
Shoprite |
R
50000.00 |
|
Various
buyers |
|
Spar |
R
50000.00 |
|
Various
buyers |
Trade
References
|
Trade
Reference nr |
Supplier |
Contact |
Surety
Value |
Notarial
Bonds |
Comment |
|
1 |
Ullmans
Distribution |
011
4742406 |
|
|
|
|
2 |
TechPak |
0215930882 |
|
|
|
Trade
References Detail
|
Nr |
Age
of Acc |
Credit
Limit |
Max
Credit |
Terms |
Average
Purchases |
Terms
Taken |
Comment |
|
1 |
1
YEAR |
R
0.00 |
R
30000 |
30
DAYS |
R
30000 |
30
DAYS |
VERY
GOOD ACCOUNT NO
CREDIT LIMIT-OPEN ACCOUNT |
|
2 |
2004 |
R
20000.00 |
R15000 |
30
DAYS |
R15000 |
30
DAYS |
EXCELLENT |
Adverse
Information on Subject
Judgements
|
Judgements |
1 |
|
Possible
Judgements |
No
Information on Record |
|
Civil
Court |
No
Information on Record |
|
RDs |
No
Information on Record |
|
Comment |
No
Information on Record |
|
|
|
|
BusinessRescue
- No Information on Record |
|
Default
Listing - No information on record
Notarial
Bonds - No information on record
|
Bank |
ABSA |
|
Branch |
Tyger
Valley |
|
Brach
Code |
632005 |
|
Bank
Account Number |
1001486159 |
|
Type
of Account |
CURRENT |
|
Account
Name |
Delite
Foods cc |
|
Overdraft
Facilities |
|
|
Bank
Code |
C
- For R 1 500 000 |
|
Bank
Comment |
The
subject's bankers consider them good for all business normal engagements. |
Bank
Code History - No Information on Record
Previous
Bank Account Information - No Information on Record
Deeds
Information - No information on record
Financial
Estimates
|
CURRENT
ASSETS |
R1814000.00 |
|
Stock |
R
722000.00 |
|
Debtors |
R
926000.00 |
|
FIXED
ASSETS |
R
939000.00 |
|
Plant,
Equipment, Vehicles |
R
9000.00 |
|
Property |
|
|
CURRENT
LIABILITIES |
R1469000.00 |
|
Creditors |
|
|
Loans/
From? |
R4123000.00 |
|
Loan
Details |
3781000 |
|
LONG
TERM LIABILITIES |
|
|
Morgage
Bonds |
|
|
Previous
Year Turnover |
R
3409000.00 |
|
Estimated
Current Year Turnover |
R
3800000.00 |
|
Current
Turnover per month |
R
284083.00 |
|
Current
Turnover per annum |
|
|
Comment |
|
|
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 |
1 |
|
Average
Age of Active Principals |
56 |
|
Active
Principals Principal - 1of 1 BRIAN LANTON |
|
|
Surname |
LANTON |
|
First
Name |
BRIAN |
|
Other
Names |
NONE |
|
Marital
Status |
Single |
|
ID
Number |
5711035772182 |
|
Verified
ID Number |
Yes |
|
Current
Age |
56 |
|
Designation |
MEMBER |
|
Status |
Active |
|
Appointment
Date |
2009/07/14 |
|
Physical
Address (at time of Appointment) |
PLOT
30 936, NTHOMBENI WAY, NOORDHOEK, 7979 |
|
Postal
Address |
P
O BOX 608, NOORDHOEK, 7979 |
|
Current
Tel Number |
0217020721 |
|
Cell
number |
0832702499 |
|
Shareholding/Membership |
100
% |
Adverse
Information forBRIAN LANTON Principal Judgement
Number
of Judgements 1
Principal
Debt Review
Debt
review No Information on Record
Other
Default
data No Information on Record
Business
Information forBRIAN LANTON
Principal
Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
CAPE CONFECTIONS
CC |
B1986/014276/23 |
In
Business |
26
Years 7 Months |
0 |
No |
|
|
MARTIQ
1194 CC |
B2004/004982/23 |
In
Business |
9
Years 2 Months |
0 |
No |
|
|
CHAMPS BEVERAGES
KZN CC |
B2009/124741
/23 |
In
Business |
3
Years 9 Months |
0 |
No |
|
|
CHAMPS
BEVERAGES GAUTENG CC |
B2009/124742/23 |
In
Business |
3
Years 9 Months |
0 |
No |
|
|
INTERCONTINENTA
L BEVERAGES CC |
B2009/145683/23 |
In
Business |
3
Years 8 Months |
0 |
No |
|
|
S
AND B BOTTLERS CC |
B2010/156082/23 |
In
Business |
2
Years 4 Months |
0 |
No |
|
|
DELITE
FOODS (PTY)LTD |
M1990/005600/07 |
Conversion
CO/CC or CC/CO |
22
Years 6 Months |
0 |
No |
|
Principal
Previous Business Interest
Average
Age of Previous Business I 19 Years
|
Company
Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
S
A PECTIN (PTY)LTD |
M1989/001098/07 |
Deregistration
Final |
24
Years 1 Months |
0 |
No |
|
|
SOYA
BEVERAGE INDUSTRIES (PTY)LTD |
M1991/004169/07 |
Deregistration
Final |
21
Years 7 Months |
0 |
No |
|
|
NUTRAPRIME
FOODS (PTY)LTD |
M1992/000757/07 |
Deregistration
Final |
21
Years 1 Months |
0 |
No |
|
|
SUNPECTIN
(PTY)LTD |
M1993/002249/07 |
Deregistration
Final |
19
Years 11 Months |
0 |
No |
|
|
A-JOY
POWDERED FOODS (PTY)LTD |
M1995/004886/07 |
Deregistration
Final |
17
Years 10 Months |
0 |
No |
|
|
BIO-COMMODITIES
(PTY)LTD |
M1995/010218/07 |
Deregistration
Final |
17
Years 6 Months |
0 |
No |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.37 |
|
|
1 |
Rs.82.07 |
|
Euro |
1 |
Rs.70.03 |
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.