|
Report Date : |
14.11.2013 |
IDENTIFICATION DETAILS
|
Name : |
ALMANSAL EXPORTERS (PTY)LTD |
|
|
|
|
Registered Office : |
16 Covora RoadJet Park Gauteng1612 |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
19.04.1996 |
|
|
|
|
Com. Reg. No.: |
M1996/004684/07 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Distribution of dried fruits, nuts and snacks. |
|
|
|
|
No. of Employees : |
56 |
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 : |
Slow but Correct |
|
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. 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 |
ALMANSAL EXPORTERS (PTY)LTD |
|
Country |
South Africa |
|
Subject Contact Person |
Hetta Botes |
|
Assessment |
This is an extablished company, meeting payments
with suppliers within terms. Your figure is considered as too high. |
|
Registered Name |
ALMANSAL EXPORTERS (PTY)LTD |
|
Trading as/ Division Name |
ALMANS DRIED FRUIT & NUT (PTY) LTD |
|
Registration Number |
M1996/004684/07 |
|
Registration Date |
1996/04/19 |
|
Age of Business |
17 Years 7 Months |
|
History of Business |
The subject was established in 1996 |
|
Shareholders/Members/Partners of subject
and % holding |
50% MJ Selgado50% MG Selgado |
|
Authorised Share Capital |
R 0.00 |
|
Issued Share Capital/Members Contribution |
R 0.00 |
|
Status |
In Business |
|
Operations Assessment |
Distribution of dried fruits, nuts and
snacks. |
|
Industry/ Customers |
Wholesalers and retailers |
|
Major Industry Code / SICC |
62201 |
|
Definition of Code |
Retail trade in fresh fruit and vegetables |
|
Head Office Physical Address |
16 Covora RoadJet Park Gauteng1612 |
|
Head Office Postal Address |
PO Box 16304Dawoodglen1612 |
|
Current Tel Number |
011 397 4685 |
|
Current Email Address |
|
|
Web Site Address |
|
Company Registered Name |
J C BARNARD AND PARTNERS |
|
Trading Name |
|
|
Registration Number |
1999/022536/23 |
|
Physical Address |
1 Owel Park2nd Owel
DriveThreeriversVereeniging1930 |
|
Postal Address |
P O BOX 265397ThreeriversVereeniging1935 |
|
Contact Person |
Zelda Venter |
|
Contact Number |
0784570953 |
|
Email |
|
|
Principals |
7 |
|
BEE Status |
Yes |
|
Financial Year End |
February |
|
No of years in Business |
15 Years 8 Months |
|
Website |
Previous Auditors Information - No
Information on Record
|
Vat Number |
4070166824 |
|
Status |
ACTIVE |
|
Vat Liable Date |
1997/07/01 |
|
Tax Number |
9453075849 |
|
Tax Clearance Expire Date |
|
|
Financial Year End |
March |
|
Comment |
|
|
Black Economic Empowerment |
|
|
Status |
No |
|
Score |
|
|
Expire Date |
|
|
BEE Certificate Available |
|
|
Comment |
|
|
ISO Status |
|
|
Type of ISO Grade |
NONE |
|
ISO Certificate |
No |
|
ISO Certificate Available |
No |
|
Certified by an Accredited Agent |
No |
|
Comment |
|
|
Workman's compensation |
|
|
Registered |
Yes |
|
Compliance Certified |
Yes |
|
Comment |
|
Subsidiaries
|
Subsidiary Company |
NONE |
|||
|
Shareholding |
|
|||
|
Registration Number |
|
|||
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Import / Export |
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|||
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Comment |
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|||
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Employees |
||||
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Number of Employees |
56 |
|||
|
1. Salaried employees |
8 |
|||
|
2. Waged employees |
48 |
|||
|
3. Permanent employees |
8 |
|||
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4. Casual employees |
|
|||
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5. Contracted employees |
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|||
|
Comment |
|
|||
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Company Fleet |
||||
|
Company Fleet |
No of vehicles: |
Ownerd/Leased |
Value |
Outstanding Balance |
|
Fleet Operations |
|
|
|
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The Fleet is made up of |
8 |
|||
|
Comment |
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|||
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Light delivery Vehicles |
8 |
Owned |
|
|
|
Offices |
Offices |
|
Head Office Owned/ Rented |
Owned |
|
Type of Premises |
Warehouse with Offices |
Branch Information - No Information on
Record
Organisation Chart
|
Level |
Position |
Name |
Comment |
|
|
|||
|
1 |
Director |
MJ Salgado |
|
|
|
|||
|
1 |
Director |
MG Salgado |
|
Company Structure Information - No
Information on Record
Note: One level
up and all levels down
Key Deals - No Information on Record
|
Trade Reference nr |
Supplier |
Contact |
Surety Value |
Notarial Bonds |
Comment |
|
1 |
Energy Oil |
0118653214 |
|
|
|
|
2 |
Canon Hygiene SA (PTY) LTD |
0114226148 |
|
|
|
|
3 |
Hopscotch |
0117931244 |
|
|
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Trade References Detail
|
Nr |
Age of Acc |
Terms |
Average Purchases |
Terms Taken |
Comment |
|
1 |
7 Months |
Cash on Delivery |
R 4000 |
Cash on Delivery |
This is a Good account... |
|
2 |
2 Years |
30 Days |
R10500 |
30 Days |
This is an excellent account |
|
3 |
5 Years |
30 Days |
R 96000 |
30 Days |
This is an Excellent account |
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 |
Edenvale |
|
Brach Code |
198765 |
|
Bank Account Number |
1910209732 |
|
Type of Account |
Cheque |
|
Account Name |
ALMANSAL EXPORTERS (PTY) LTD |
|
Overdraft Facilities |
NONE |
|
Bank Code |
C For R 130 000 |
|
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
|
Number of Principals |
2 |
|
Average Age of Active Principals |
59 |
|
Active Principals Principal - 1 of 2 M
SALGADO |
|
|
Surname |
SALGADO |
|
First Name |
M |
|
Other Names |
J |
|
Marital Status |
|
|
ID Number |
6509225103088 |
|
Verified ID Number |
Yes |
|
Current Age |
48 Years 2 Months |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
1996/04/19 |
|
Physical Address (at time of Appointment) |
NO 3 PALESA CLOSE, BEDFORDVIEW, 2007 |
|
Postal Address |
P.O. BOX 16443, EDENVALE, EDENVALE, 1610 |
|
Current Tel Number |
0113974685 |
|
Cell number |
0827745655 |
|
Shareholding/Membership |
|
Business Information for M SALGADO
Principal Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
ALMAN''S DRIED FRUIT AND NUTS (PTY)LTD |
M2005/022319/07 |
In Business |
8 Years 8 Months |
0 |
No |
|
|
ALMANSAL EXPORTERS (PTY)LTD |
M1996/004684/07 |
In Business |
17 Years 5 Months |
0 |
No |
|
|
DELTA BLUE TRADING 728 CC |
B2006/173526/23 |
In Business |
7 Years 7 Months |
0 |
No |
|
|
GABY''S EARTH FOODS (PTY)LTD |
M2005/023577/07 |
In Business |
8 Years 8 Months |
0 |
No |
|
|
MANSAL INVESTMENTS (PTY)LTD |
M1996/005058/07 |
In Business |
17 Years 5 Months |
0 |
No |
|
|
MANSAL RENTALS (PTY)LTD |
M2008/010588/07 |
In Business |
5 Years 5 Months |
0 |
No |
|
|
SILVER CORE INVESTMENTS 115 (PTY)LTD |
M2003/025532/07 |
In Business |
10 Years 10 Months |
0 |
No |
|
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 |
|
ANTSAL INVESTMENTS (PTY)LTD |
M1996/004708/07 |
Deregistration Final |
17 Years 5 Months |
2 |
No |
|
|
BUZZY''S THE SWEET COMPANY (PTY)LTD |
M2005/016276/07 |
Deregistration Process |
8 Years 8 Months |
0 |
No |
|
|
LYNDELL MINI SUPERMARKET CC |
B1994/011985/23 |
Deregistration Final |
19 Years 7 Months |
0 |
No |
|
|
SALGADO FRUITERERS AND PROPERTY INVESTMENTS CC |
B1991/025285/23 |
Conversion CO/CC or CC/CO |
22 Years 10 Months |
0 |
No |
|
Principal Previous
Business Interests
Principal - 2 of 2 MANUAL SALGADO
|
Surname |
SALGADO |
|
First Name |
MANUAL |
|
Other Names |
G |
|
Marital Status |
|
|
ID Number |
4311175034104 |
|
Verified ID Number |
Yes |
|
Current Age |
70 Years |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
1996/04/19 |
|
Physical Address (at time of Appointment) |
65 OXFORD STREET, FERNDALE, 2194 |
|
Postal Address |
P O BOX 84149, GREENSIDE, 20341 |
|
Current Tel Number |
0117878963 |
|
Cell number |
0845008341 |
|
Shareholding/Membership |
|
Business Information for MANUAL SALGADO
Principal Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
ALMAN''S DRIED FRUIT AND NUTS (PTY)LTD |
M2005/022319/07 |
In Business |
8 Years 8 Months |
0 |
No |
|
|
ALMANSAL EXPORTERS (PTY)LTD |
M1996/004684/07 |
In Business |
17 Years 5 Months |
0 |
No |
|
|
GABY''S EARTH FOODS (PTY)LTD |
M2005/023577/07 |
In Business |
8 Years 8 Months |
0 |
No |
|
|
MANSAL INVESTMENTS (PTY)LTD |
M1996/005058/07 |
In Business |
17 Years 5 Months |
0 |
No |
|
|
MANSAL RENTALS (PTY)LTD |
M2008/010588/07 |
In Business |
5 Years 5 Months |
0 |
No |
|
Principal Previous
Business Interests
Average Age of Previous Business 16 Years
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
ANTSAL INVESTMENTS (PTY)LTD |
M1996/004708/07 |
Deregistration Final |
17 Years 5 Months |
2 |
No |
|
|
BUZZY''S THE SWEET COMPANY
(PTY)LTD |
M2005/016276/07 |
Deregistration Process |
8 Years 8 Months |
0 |
No |
|
|
SALGO''S MOTORS CC |
B1993/007259/23 |
Deregistration Final |
20 Years 8 Months |
0 |
No |
|
|
UNIT 24 JUNIPER HILL PORT 2 OF
ERF 1168 DOWERGLEN CC |
B1996/021436/23 |
Deregistration Final |
17 Years 5 Months |
0 |
No |
|
|
UNIT 27 JUNIPER HILL PORT 5 OF
ERF 1168 DOWERGLEN EXT 4 CC |
B1996/020489/23 |
Deregistration Final |
17 Years 5 Months |
0 |
No |
|
|
UNIT 32 JUNIPER HILL PORT 10 OF
ERF 1168 DOWERGLEN EXT 4 CC |
B1996/021458/23 |
Conversion CO/CC or CC/CO |
17 Years 5 Months |
0 |
No |
|
|
UNIT 35 JUNIPER HILL PORT 13 OF
ERF 1168 DOWERGLEN CC |
B1996/020491/23 |
Deregistration Final |
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.63.59 |
|
|
1 |
Rs.101.56 |
|
Euro |
1 |
Rs.85.15 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.