|
Report Date : |
28.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
SUNNYFIELD
PACKING COMPANY (PTY)LTD |
|
|
|
|
Registered Office : |
1139
South Coast Road, Mobeni, 4050 |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
30.08.1990 |
|
|
|
|
Com. Reg. No.: |
M1990/005197/07 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Manufacture
of Packing Material |
|
|
|
|
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 |
SUNNYFIELD
PACKING COMPANY (PTY) LTD |
|
Country |
South
Africa |
|
Account
Review |
Recommended
Every 3 Months |
|
Subject
Contact Person |
ZAIN
- FINANCIAL MANAGER |
|
Assessment |
This
is an established business. On investigation contact was made with the
financial manager MR. ZAIN who requested a questionnaire to be sent to him.
Numerous follow ups were made to obtain the information to no avail. There is
no adverse information listed for the business, however there is 1 judgement
against one of the directors of the business. We await further information.
Please see the available information on the subject below. |
|
Registered
Name |
SUNNYFIELD
PACKING COMPANY (PTY)LTD |
|
Trading
as/ Division Name |
SUNNYFIELD
PACKING COMPANY |
|
Previous
Name |
None |
|
Date
of Name Change |
None |
|
Registration
Number |
M1990/005197/07 |
|
Registration
Date |
1990/08/30 |
|
Date
Commenced Trading |
1990-08-30 |
|
Age
of Business |
22
Years 9 Months |
|
History
of Business |
The subject was established as a new business in 1990 and operations
commenced immediately. |
|
History
of Principals |
There
are currently 4 active directors within the business. |
|
Shareholders/Members/Partners
of subject and % holding |
Unavailable |
|
Authorised
Share Capital |
R
0.00 |
|
Issued
Share Capital/Members Contribution |
R
0.00 |
|
Status |
In
Business |
|
Operations
Assessment |
The
subject manufactures packaging products. |
|
Industry/
Customers |
Corporate
businesses |
|
Major
Industry Code / SICC |
32323 |
|
Definition
of Code |
MANUFACTURE
OF PACKING MATERIAL |
|
Head
Office Physical Address |
1139
South Coast Road, MOBENI, 4050 |
|
Head
Office Postal Address |
PO
Box 4638, DURBAN, 4001 |
|
Current
Tel Number |
0312017089 |
|
Current
Email Address |
|
Company
Registered Name |
SULTAN
AND ASSOCIATES |
|
Trading
Name |
|
|
Registration
Number |
7408155144080 |
|
Physical
Address |
2
QUINTET, 380 MUSGRAVE ROAD, BEREA, 4001 |
|
Postal
Address |
POSTNET
SUITE 272, PRIVATE BAG X10, BEREA, 4062 |
|
Contact
Person |
MUHAMMAD |
|
Contact
Number |
0312082901 |
|
Email |
|
|
Principals |
1 |
|
Judgements
Against Subject |
None
On Record |
|
Judgements
Against Principals |
None
On Record |
|
Subject
Verified as Client |
Yes |
|
Practice
Number |
902153 |
|
VAT
Number |
4090235252 |
|
Tax
Number |
|
|
BEE
Status |
|
|
Financial
Year End |
Febraury |
|
No
of years in Business |
7 |
Previous
Auditors
|
Company
Name |
Phone
Number |
Time
with previous auditors |
Comment |
|
PRICE
WATERHOUSECOOPERS |
|
Unknown |
|
|
PRICE
WATERHOUSECOOPERS INC |
|
10 |
|
|
FARRAR
JEEMA |
|
23 |
|
|
Vat
Number |
4660119480 |
|
Status |
ACTIVE |
|
Vat
Liable Date |
1991/09/30 |
|
Tax
Number |
9297311202 |
|
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 |
Organisation
Chart
Level | Position | Name | Comment
~1 I Director I ASHRAF ISMAIL
~1 I Director I NAUSHAD ISMAIL
~1 I Director I NASEER ISMAIL
~1 I Director I FAROUK ISMAIL
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
Judgements
- No information on record
BusinessRescue
- 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 - No information on record
Principals
|
Number
of Principals |
4 |
|
Average
Age of Active Principals |
52 |
|
Active
Principals Principal - 1of 4 ASHRAF ISMAIL |
|
|
Surname |
ISMAIL |
|
First
Name |
ASHRAF |
|
Other
Names |
ABDOOLA |
|
Marital
Status |
Married |
|
ID
Number |
6511175209089 |
|
Verified
ID Number |
Yes |
|
Current
Age |
48 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment
Date |
2010/05/19 |
|
Physical
Address (at time of Appointment) |
25
SWANSMILE ROAD, YELLOWWOOD PARK, 4004 |
|
Postal
Address |
P.O
BOX 4638, DURBAN, 4000 |
|
Current
Tel Number |
0314622322 |
|
Cell
number |
0839378696 |
|
Shareholding/Membership |
0.0000 |
Adverse
Information forASHRAF ISMAIL
Principal
Judgement
|
Number
of Judgements |
1 |
|
Principal
Debt Review |
|
|
Debt
review |
No
Information on Record |
|
Other |
|
|
Default
data |
No
Information on Record |
Business
Information forASHRAF ISMAIL
Principal
Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
FULLOUTPUT
1096 CC |
B2000/015814/23 |
In
Business |
13
Years 2 Months |
0 |
No |
|
|
WILBAT
PROJECTS 611 CC |
B2000/030048/23 |
In
Business |
12
Years 11 Months |
0 |
No |
|
|
WILBAT
PROJECTS 613 CC |
B2000/034662/23 |
In
Business |
12
Years 11 Months |
0 |
No |
|
|
WILBAT
PROJECTS 614 CC |
B2000/035016/23 |
In
Business |
12
Years 11 Months |
0 |
No |
|
|
DELTA
BLUE TRADING 267 CC |
B2005/061887/23 |
In
Business |
7
Years 11 Months |
0 |
No |
|
|
HULLEY
AND RICE (PTY)LTD |
M1963/001275/07 |
In
Business |
50
Years 2 Months |
0 |
No |
|
|
ONE
SEVEN SEVEN SIX INVESTMENTS (PTY)LTD |
M1983/008979/07 |
Deregistration
Process |
29
Years 9 Months |
0 |
No |
|
|
SUGARBEE
SWEETS (PTY)LTD |
M1987/001018/07 |
In
Business |
26
Years 2 Months |
0 |
No |
|
|
SAM
AND JACK PROPERTIES (PTY)LTD |
M1989/000494/07 |
In
Business |
24
Years 3 Months |
0 |
No |
|
|
SUNNYFIELD
PACKING COMPANY (PTY)LTD |
M1990/005197/07 |
In
Business |
22
Years 9 Months |
0 |
No |
|
|
SOLVISTA INVESTMENTS (PTY)LTD |
M1994/004858/07 |
In
Business |
18
Years 10 Months |
0 |
No |
|
|
FASIC
INVESTMENT CORPORATION LTD |
M1997/003335/06 |
In
Business |
16
Years 2 Months |
0 |
No |
|
|
BEIGE
HOLDINGS LTD |
M1997/006871/06 |
In
Business |
16
Years |
0 |
No |
|
|
ELANDSFONTEIN
BEVERAGE MARKETING (PTY)LTD |
M1997/007978/07 |
In
Business |
16
Years |
1 |
No |
|
|
THE
LION MATCH COMPANY (PTY)LTD |
M1998/008912/07 |
In
Business |
15
Years |
0 |
No |
|
|
WILBAT
PROJECTS 311 (PTY)LTD |
M1998/016380/07 |
Deregistration
Process |
14
Years 9 Months |
0 |
No |
|
|
CAPITAL
TOBACCO AND DISTRIBUTION (PTY)LTD |
M1999/025087/07 |
In
Business |
13
Years 6 Months |
1 |
No |
|
|
NEWINVEST
158 (PTY)LTD |
M2000/001383/07 |
Deregistration
Process |
13
Years 4 Months |
0 |
No |
|
|
WILBAT
PROJECTS 321 (PTY)LTD |
M2000/014454/07 |
In
Business |
12
Years 10 Months |
0 |
No |
|
|
WILBAT
PROJECTS 323 (PTY)LTD |
M2000/014846/07 |
In
Business |
12
Years 10 Months |
0 |
No |
|
|
VALOUR
TRADING (PTY)LTD |
M2001/004655/07 |
In
Business |
12
Years 2 Months |
0 |
No |
|
|
STAR
CHOICE TRADING 6 (PTY)LTD |
M2001/025440/07 |
Deregistration
Process |
11
Years 7 Months |
0 |
No |
|
|
POUND
STRETCHER (PTY)LTD |
M2002/012667/07 |
In
Business |
11
Years |
0 |
No |
|
|
GOLDEN
FALLS TRADING 183 (PTY)LTD |
M2004/012773/07 |
In
Business |
9
Years |
0 |
No |
|
|
SHARIEF
TRADING (PTY)LTD |
M2005/025389/07 |
In
Business |
7
Years 10 Months |
0 |
No |
|
Principal
Previous Business Interests
Principal's
Deeds Information - No information on record
Average
Age of Previous Business 16 Years
|
Company
Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
SOUTHVIEWS INVESTMENTS (PTY)LTD |
M1993/002700/07 |
Deregistration
Final |
20
Years |
0 |
No |
|
|
NEWINVEST
167 (PTY)LTD |
M2000/001773/07 |
In
Business |
13
Years 3 Months |
0 |
No |
|
Principal
- 2of 4
NAUSHAD
ISMAIL
|
Surname |
ISMAIL |
|
First
Name |
NAUSHAD |
|
Other
Names |
ABDOOLA |
|
Marital
Status |
Married |
|
ID
Number |
6001305144083 |
|
Verified
ID Number |
Yes |
|
Current
Age |
53 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment
Date |
1990/08/30 |
|
Physical
Address (at time of |
1
VILLE CASALI, 126 BELLEVILLE ROAD, DURBAN, 4001 |
|
Appointment) |
|
|
Postal
Address |
P
O BOX 918, DURBAN, 4000 |
|
Current
Tel Number |
0313081711 |
|
Cell
number |
0827869133 |
|
Shareholding/Membership |
0.0000 |
Adverse
Information forNAUSHAD ISMAIL
Principal
Judgement
|
Number
of Judgements |
0 |
|
Principal
Debt Review |
|
|
Debt
review |
No
Information on Record |
|
Other |
|
|
Default
data |
No
Information on Record |
Business
Information forNAUSHAD ISMAIL
Principal
Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
PLAZA
HYPER CC |
B2002/050630/23 |
In
Business |
10
Years 10 Months |
0 |
No |
|
|
HULLEY
AND RICE (PTY)LTD |
M1963/001275/07 |
In
Business |
50
Years 2 Months |
0 |
No |
|
|
NATIONAL
SHAVING PRODUCTS (PTY)LTD |
M1964/007757/07 |
In
Business |
48
Years 7 Months |
0 |
No |
|
|
ONE
SEVEN SEVEN SIX INVESTMENTS (PTY)LTD |
M1983/008979/07 |
Deregistration
Process |
29
Years 9 Months |
0 |
No |
|
|
CREST
LIFE AND GENERAL (PTY)LTD |
M1986/001936/07 |
In
Business |
27
Years |
0 |
No |
|
|
SUGARBEE
SWEETS (PTY)LTD |
M1987/001018/07 |
In
Business |
26
Years 2 Months |
0 |
No |
|
|
SAM
AND JACK PROPERTIES (PTY)LTD |
M1989/000494/07 |
In
Business |
24
Years 3 Months |
0 |
No |
|
|
SUNNYFIELD
PACKING COMPANY (PTY)LTD |
M1990/005197/07 |
In
Business |
22
Years 9 Months |
0 |
No |
|
|
SOLVISTA INVESTMENTS (PTY)LTD |
M1994/004858/07 |
In
Business |
18
Years 10 Months |
0 |
No |
|
|
DISCERN INVESTMENTS (PTY)LTD |
M1995/013739/07 |
In
Business |
17
Years 5 Months |
0 |
No |
|
|
FASIC
INVESTMENT CORPORATION LTD |
M1997/003335/06 |
In
Business |
16
Years 2 Months |
0 |
No |
|
|
BEIGE
HOLDINGS LTD |
M1997/006871/06 |
In
Business |
16
Years |
0 |
No |
|
|
ELANDSFONTEIN
BEVERAGE MARKETING (PTY)LTD |
M1997/007978/07 |
In
Business |
16
Years |
1 |
No |
|
|
THE
LION MATCH COMPANY (PTY)LTD |
M1998/008912/07 |
In
Business |
15
Years |
0 |
No |
|
|
G10
INVESTMENTS (PTY)LTD |
M1998/009496/07 |
In
Business |
15
Years |
0 |
No |
|
|
WILBAT
PROJECTS 311 (PTY)LTD |
M1998/016380/07 |
Deregistration
Process |
14
Years 9 Months |
0 |
No |
|
|
QUO
INDUSTRIES (PTY)LTD |
M1999/006666/07 |
In
Business |
14
Years 2 Months |
0 |
No |
|
|
CAPITAL
TOBACCO AND DISTRIBUTION (PTY)LTD |
M1999/025087/07 |
In
Business |
13
Years 6 Months |
1 |
No |
|
|
NEWINVEST
158 (PTY)LTD |
M2000/001383/07 |
Deregistration
Process |
13
Years 4 Months |
0 |
No |
|
|
WILBAT
PROJECTS 321 (PTY)LTD |
M2000/014454/07 |
In
Business |
12
Years 10 Months |
0 |
No |
|
|
WILBAT
PROJECTS 323 (PTY)LTD |
M2000/014846/07 |
In
Business |
12
Years 10 Months |
0 |
No |
|
|
VALOUR
TRADING (PTY)LTD |
M2001/004655/07 |
In
Business |
12
Years 2 Months |
0 |
No |
|
|
STAR
CHOICE TRADING 6 (PTY)LTD |
M2001/025440/07 |
Deregistration
Process |
11
Years 7 Months |
0 |
No |
|
|
POUND
STRETCHER (PTY)LTD |
M2002/012667/07 |
In
Business |
11
Years |
0 |
No |
|
|
SHARIEF
TRADING (PTY)LTD |
M2005/025389/07 |
In
Business |
7
Years 10 Months |
0 |
No |
|
Principal
Previous Business Interests
Average
Age of Previous Business 21 Years
|
Company
Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
20
ALPINE HEATH CC |
B1996/038582/23 |
Deregistration
Final |
16
Years 9 Months |
0 |
No |
|
|
K
C S A HOLDINGS (PTY)LTD |
M1948/032113/07 |
In
Business |
64
Years 5 Months |
0 |
No |
|
|
KIMBERLY-CLARK
SOUTHERN AFRICA (HOLDINGS) (PTY)LTD |
M1969/002685/07 |
In
Business |
44
Years 3 Months |
0 |
No |
|
|
SOUTHVIEWS INVESTMENTS (PTY)LTD |
M1993/002700/07 |
Deregistration
Final |
20
Years |
0 |
No |
|
|
MEREBANK
MEDICAL CLINIC (PTY)LTD |
M1994/008453/07 |
Deregistration
Final |
18
Years 7 Months |
0 |
No |
|
|
SEVERN
MARKETING (PTY)LTD |
M1998/016213/07 |
Deregistration
Final |
14
Years 9 Months |
0 |
No |
|
|
NEWINVEST
167 (PTY)LTD |
M2000/001773/07 |
In
Business |
13
Years 3 Months |
0 |
No |
|
|
KARBOTEK
CARBON TECHNOLOGIES (PTY)LTD |
M2001/025939/07 |
In
Business |
11
Years 7 Months |
1 |
No |
|
|
GOLDEN
FALLS TRADING 183 (PTY)LTD |
M2004/012773/07 |
In
Business |
9
Years |
0 |
No |
|
|
ERF
627 AND 628 ESTCOURT (PTY)LTD |
M2008/015636/07 |
In
Business |
4
Years 10 Months |
0 |
No |
|
Principal's
Deeds Information - No information on record
Principal
- 3of 4
NASEER
ISMAIL
|
Surname |
ISMAIL |
|
First
Name |
NASEER |
|
Other
Names |
ABDOOLA |
|
Marital
Status |
Married |
|
ID
Number |
6111025167080 |
|
Verified
ID Number |
Yes |
|
Current
Age |
52 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment
Date |
1990/08/30 |
|
Physical
Address (at time of Appointment) |
26
SHOLAPUR ROAD, MEREBANK, 4052 |
|
Postal
Address |
P
O BOX 4638, DURBAN, 4000 |
|
Current
Tel Number |
0314622332 |
|
Cell
number |
0829085786 |
|
Shareholding/Membership |
0.0000 |
Adverse
Information forNASEER ISMAIL
Principal
Judgement
Number
of Judgements 0
Principal
Debt Review
Debt
review No
Information on Record
Other
Default
data |No
Information on Record
Business
Information forNASEER ISMAIL
Principal
Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
SUNNYFIELD
PACKING COMPANY (PTY)LTD |
M1990/005197/07 |
In
Business |
22
Years 9 Months |
0 |
No |
|
|
STAR
CHOICE TRADING 6 (PTY)LTD |
M2001/025440/07 |
Deregistration
Process |
11
Years 7 Months |
0 |
No |
|
Principal's
Deeds Information - No information on record
Principal
Previous Business Interests
Principal
- 4of 4 FAROUK ISMAIL
|
Surname |
ISMAIL |
|
First
Name |
FAROUK |
|
Other
Names |
ABDOOLA |
|
Marital
Status |
Married |
|
ID
Number |
5501055029088 |
|
Verified
ID Number |
Yes |
|
Current
Age |
58 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment
Date |
1990/08/30 |
|
Physical
Address (at time of |
26
SHOLAPUR ROAD, MEREBANK, 4052 |
|
Appointment) |
|
|
Postal
Address |
P
O BOX 31388, MEREBANK, 4059 |
|
Current
Tel Number |
0319122243 |
|
Cell
number |
0829075786 |
|
Shareholding/Membership |
0.0000 |
Adverse
Information forFAROUK ISMAIL Principal Judgement
Number
of Judgements 0
Principal
Debt Review
Debt
review No
Information on Record
Other
Default
data No
Information on Record
Business
Information forFAROUK ISMAIL
Principal
Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
SUNNYFIELD
PACKING COMPANY (PTY)LTD |
M1990/005197/07 |
In
Business |
22
Years 9 Months |
0 |
No |
|
|
DISCERN INVESTMENTS (PTY)LTD |
M1995/013739/07 |
In
Business |
17
Years 5 Months |
0 |
No |
|
Principal's
Deeds Information - No information on record
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.62 |
|
|
1 |
Rs.84.18 |
|
Euro |
1 |
Rs.71.96 |
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.