|
Report Date : |
31.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
SUPAPACKERS
FISH PROCESSORS (PTY)LTD |
|
|
|
|
Formerly Known As : |
SUPAPACKERS
FISH PROCESSORS CC |
|
|
|
|
Registered Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
24.06.2009 |
|
|
|
|
Com. Reg. No.: |
M2009/012426/07 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
|
|
|
|
|
No. of Employees : |
14 |
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 : |
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) |
|
|
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
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 |
SUPAPACKERS
FISH PROCESSORS (PTY)LTD |
|
Country |
South
Africa |
|
Subject
Contact Person |
RUDOLF
- Financial Manager |
|
Assessment |
This
is an established business. On investigation contact was made with the
financial manager MR. RUDOLF who assisted with all of the required
information. The subject is meeting commitments timeously with suppliers. We
obtained a bank code C for an amount of R 350 000 over a period of 30 days.
Please see the available information on the subject below. |
|
Registered
Name |
SUPAPACKERS
FISH PROCESSORS (PTY)LTD |
|
Trading
as/ Division Name |
SUPAPACKERS
FISH PROCESSORS |
|
Previous
Name |
SUPAPACKERS
FISH PROCESSORS CC |
|
Date
of Name Change |
Unavailable |
|
Registration
Number |
M2009/012426/07 |
|
Registration
Date |
2009/06/24 |
|
Date
Commenced Trading |
2002-07-16 |
|
Age
of Business |
10
Years 9 Months |
|
History
of Business |
SUPAPACKERS
FISH PROCESSORS (PTY)LTD was registered in 2002 as a Close Corporation and later
converted to a Private company in 2009. |
|
History
of Principals |
There
are 2 active directors within the company. |
|
Shareholders/Members/Partners
of subject and % holding |
37.5
% - PACCALUSE TRUST, 37.5 % - RABBI TRUST, 25 % - GESFIGASA S.A |
|
Authorised
Share Capital |
R0.00 |
|
Issued
Share Capital/Members Contribution |
R0.00 |
|
Status |
In
Business |
|
Operations
Assessment |
The
company is involved in the importing, processing, wholesaling and exporting
of frozen fish & shellfish from South Africa, Namibia and other
countries. |
|
Industry/
Customers |
Supermarkets
and all major food retailers |
|
Export |
Yes |
|
Import |
Yes |
|
Major
Industry Code / SICC |
61221 |
|
Definition
of Code |
Wholesale
trade in foodstuffs |
|
Head
Office Physical Address |
169
Neil Hare Road, ATLANTIS, WESTERN CAPE |
|
Head
Office Postal Address |
P
O BOX 1577, DASSENBERG, 7350 |
|
Current
Tel Number |
0215774777 |
|
Cell
Number |
0846166600 |
|
Current
Fax Number |
0215774999 |
|
Current
Email Address |
|
|
Web
Site Address |
|
Company
Registered Name |
C2M
CHARTERED ACCOUNTANTS INC |
||||
|
Trading
Name |
C2M
CHARTERED ACCOUNTANTS |
||||
|
Registration
Number |
M2007/009036/21 |
||||
|
Physical
Address |
2nd
Floor, Tygerforum B, 53 Willie van Schoor Drive, Tygervalley, BELVILLE, 7530 |
||||
|
Postal
Address |
PO
Box 3347, Tygervalley, CAPE TOWN, 7536 |
||||
|
Contact
Person |
ELIZABETH |
||||
|
Contact
Number |
0219140281 |
||||
|
Email |
|||||
|
Principals |
4 |
||||
|
Judgements
Against Subject |
No
information found on file |
||||
|
Judgements
Against Principals |
No
information found on file |
||||
|
Subject
Verified as Client |
Yes |
||||
|
Practice
Number |
958662 |
||||
|
VAT
Number |
4670243932 |
||||
|
Tax
Number |
9370031164 |
||||
|
BEE
Status |
Level
3 |
||||
|
Financial
Year End |
February |
||||
|
No
of years in Business |
6
Years |
||||
|
Website |
|||||
|
Comment |
|
||||
|
Previous
Auditors |
|||||
|
Company
Name |
Phone
Number |
Time
with previous auditors |
Comment |
|
|
|
AAALHERBE
LOURENS |
|
Unknown |
|
|
|
|
ANDREW
ZURNAMER |
|
Unknown |
|
|
|
|
Vat
Number |
4500202637 |
|
Status |
ACTIVE |
|
Vat
Liable Date |
|
|
Tax
Number |
9433311140 |
|
Tax
Clearance Expire Date |
2013/11/01 |
|
Financial
Year End |
APRIL |
|
Comment |
|
Black
Economic Empowerment Information - No Information on Record
ISO
Information - No Information on Record
Workman's
Compensation
|
Registered |
Yes |
|
Compliance
Certified |
Yes |
|
Comment |
|
Subsidiaries
|
Subsidiary
Company |
ATLANTIS
SEAFOOD PRO DUCTS (PTY) LTD |
|||
|
Shareholding |
100% |
|||
|
Registration
Number |
2010/021773/07 |
|||
|
Import
/ Export |
No |
|||
|
Comment |
|
|||
|
|
||||
|
Subsidiary
Company |
IMPERIAL
CROWN TRADING 436 (PTY)LTD |
|||
|
Shareholding |
100% |
|||
|
Registration
Number |
2010/021773/07 |
|||
|
Import
/ Export |
No |
|||
|
Comment |
|
|||
|
Employees |
||||
|
Number
of Employees |
14 |
|||
|
1.
Salaried employees |
14 |
|||
|
2.
Waged employees |
|
|||
|
3.
Permanent employees |
14 |
|||
|
4.
Casual employees |
|
|||
|
5.
Contracted employees |
|
|||
|
Comment |
|
|||
|
Company
Fleet |
||||
|
Company
Fleet |
No
of vehicles: |
Ownerd/Leased |
Value |
Outstanding
Balance |
|
Fleet
Operations |
|
|
|
|
|
The
Fleet is made up of |
16 |
|||
|
Comment |
|
|||
|
Cars |
5 |
Owned |
|
|
|
Light
delivery Vehicles |
5 |
Owned |
R
200000.00 |
|
|
Trailers |
1 |
Owned |
R150000.00 |
|
|
Fork
Lifts |
5 |
Owned |
|
|
|
Offices |
Offices |
|
Head
Office Owned/ Rented |
Owned |
|
Rental
Company |
|
|
Owned
by |
SUPAPACKERS
FISH PROCESSORS(PTY)LTD |
|
Value |
R15000000.00 |
|
Bond |
R
400000.00 |
|
Bank |
FIRST
NATIONAL BANK |
|
Lease
Agreement |
|
|
Lease
Expire Date |
|
|
Type
of Premises |
Industrial |
|
Comment |
|
Branch
Information - No Information on Record
Organisation
Chart
|
Level |
Position |
Name |
Comment |
|
|
|||
|
1 |
Director |
LUIS
FIGUEIREDO |
|
|
|
|||
|
1 |
Director |
SERGIO
FIGUEIREDO |
|
Company
Structure (Ownership)
Note: One level up and all levels down
|
Holding |
Company |
Sub |
Comment |
|
37.5
%
- RABBI
TRUST |
SUPAPACKERS
FISH PROCESSORS (PTY) LTD |
|
|
|
37.5
%
- PACCALUSE
TRUST |
SUPAPACKERS
FISH PROCESSORS (PTY) LTD |
|
|
|
25
%
- GRESFIGASA
S.A |
SUPAPACKERS
FISH PROCESSORS (PTY) LTD |
|
|
Key Deals -
No Information on Record
|
Trade
Reference nr |
Supplier |
Contact |
Surety
Value |
Notarial
Bonds |
Comment |
|
1 |
COMMERCIAL
COLD STORAGE |
0214466560 |
|
|
|
|
2 |
V
AND A COLD STORE |
0214024242 |
|
|
|
|
3 |
CROSSBERTH
COLD STORE |
0214481623 |
|
|
|
Trade
References Detail
|
Nr |
Age
of Acc |
Credit
Limit |
Max
Credit |
Terms |
Average
Purchases |
Terms
Taken |
Comment |
|
1 |
10
Years |
|
R
200000 |
30
Days |
R100000 |
30
Days |
Good
Account. No credit limit has been set in place. |
|
2 |
7
Years |
|
R
80000 |
30
Days |
R
60000 |
30
Days |
Very
Good Account. No credit limit has been set in place. |
|
3 |
5
Years |
R
200000.00 |
R
300000 |
30
Days |
R
200000 |
30
Days |
Excellent
Account |
Judgements -
No information on record
Default
Listing - No information on record
Notarial
Bonds - No information on record
|
Bank |
FIRST
NATIONAL BANK |
|
Branch |
TYGERBERG |
|
Brach
Code |
250655 |
|
Bank
Account Number |
62046364486 |
|
Type
of Account |
CHEQUE |
|
Account
Name |
SUPAPACKERS
FISH PROCESSORS(PTY)LTD |
|
Overdraft
Facilities |
YES |
|
Bank
Code |
C
- For R 350 000 |
|
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
Property
Interests for CompanySUPAPACKERS FISH PROCESSORS (PTY)LTD
|
Title
Deed No. |
T60274/2008 |
Erf/Site
No. |
|
|
Deeds
Office |
CAPE
TOWN |
Physical
Address |
ATLANTIS
INDUSTRIAL ATLANTIS |
|
Property
Type |
Farms |
Extent
/ Size |
4.484SQM |
|
Purchase
Date |
2008/05/16 |
Purchase
price |
|
|
%
Ownership |
0.00 |
Bond
Holder |
FIRSTRAND
BANK LTD |
|
Bond
Number |
B565042008 |
Bond
Amount |
|
|
Comment |
|
||
Financial
Estimates
|
CURRENT
ASSETS |
|
|
Stock |
R
22000000.00 |
|
Debtors |
R
25000000.00 |
|
FIXED
ASSETS |
R
20000000.00 |
|
Plant,
Equipment, Vehicles |
|
|
Property |
|
|
CURRENT
LIABILITIES |
|
|
Creditors |
R15000000.00 |
|
Loans/
From? |
R11000000.00 |
|
Loan
Details |
|
|
LONG
TERM LIABILITIES |
|
|
Morgage
Bonds |
R
400000.00 |
|
Previous
Year Turnover |
R150000000.00 |
|
Estimated
Current Year Turnover |
R150000000.00 |
|
Current
Turnover per month |
R17000000.00 |
|
Current
Turnover per annum |
R
204000000.00 |
|
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 |
2 |
|
Average
Age of Active Principals |
41 |
|
Active
Principals Principal - 1of 2 SERGIO FIGUEIREDO |
|
|
Surname |
FIGUEIREDO |
|
First
Name |
SERGIO |
|
Other
Names |
NUNU
DE BRITO |
|
Marital
Status |
Single |
|
ID
Number |
7308055575088 |
|
Verified
ID Number |
No |
|
Current
Age |
40 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment
Date |
2009/06/24 |
|
Physical
Address (at time of Appointment) |
2
KLIPPERS STREET, WELGEMOED, 7530 |
|
Postal
Address |
2
KLIPKERS STREET, WELGEMOED, 7530 |
|
Current
Tel Number |
0215774777 |
|
Cell
number |
Unavailable |
|
Shareholding/Membership |
0.0000 |
Business
Information forSERGIO FIGUEIREDO Principal Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
SILVER
STREAMS SEAFOOD CC |
2005/120010/23 |
In
Business |
7
Years 8 Months |
0 |
No |
|
|
SUPAPACKERS
FISH PROCESSORS CC |
B2002/054319/23 |
Conversion
CO/CC or CC/CO |
10
Years 9 Months |
0 |
No |
|
|
ATLANTIS
SEAFOOD PRODUCTS (PTY) LTD |
M2010/018540/07 |
In
Business |
2
Years 7 Months |
0 |
No |
|
|
SILVER
STREAMS SEAFOOD (PTY)LTD |
M2010/024361/07 |
In
Business |
2
Years 4 Months |
0 |
No |
|
Principal
Previous Business Interests
Principal's
Deeds Information - No information on record
Average
Age of Previous Business
10
Years
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
BIG SKY TRADING 155
CC |
B2002/048567/23 |
Deregistration
Final |
10 Years 9 Months |
0 |
No |
|
|
Principal
- 2of 2 LUIS FIGUEIREDO |
|
|
Surname |
FIGUEIREDO |
|
First
Name |
LUIS |
|
Other
Names |
DE
BRITTO |
|
Marital
Status |
Married |
|
ID
Number |
7102185383087 |
|
Verified
ID Number |
Yes |
|
Current
Age |
42 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment
Date |
2009/06/24 |
|
Physical
Address (at time of Appointment) |
PORTION
5 TWISTFONTEIN FARM, MELKBOSSTRAND, 7441 |
|
Postal
Address |
PO
BOX 599, MELKBOSSTRAND, 7437 |
|
Current
Tel Number |
0215774999 |
|
Cell
number |
0846166600 |
|
Shareholding/Membership |
0.0000 |
Business
Information forLUIS FIGUEIREDO Principal Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
SILVER
STREAMS SEAFOOD CC |
2005/120010/23 |
In
Business |
7
Years 8 Months |
0 |
No |
|
|
SUPAPACKERS
FISH PROCESSORS CC |
B2002/054319/23 |
Conversion
CO/CC or CC/CO |
10
Years 9 Months |
0 |
No |
|
|
WEST
COAST VAN REENEN INVESTMENTS (PTY) LTD |
M2002/004873/07 |
Conversion
CO/CC or CC/CO |
11
Years 1 Months |
0 |
No |
|
|
SUPAPACKERS
HOLDINGS (PTY) LTD |
M2010/009574/07 |
In
Business |
2
Years 11 Months |
0 |
No |
|
|
ATLANTIS
SEAFOOD PRODUCTS (PTY) LTD |
M2010/018540/07 |
In
Business |
2
Years 7 Months |
0 |
No |
|
|
IMPERIAL
CROWN TRADING 436 (PTY) LTD |
M2010/021773/07 |
In
Business |
2
Years 6 Months |
0 |
No |
|
|
SILVER
STREAMS SEAFOOD (PTY)LTD |
M2010/024361/07 |
In
Business |
2
Years 4 Months |
0 |
No |
|
Principal's
Deeds Information - No information on record
Principal Previous Business Interest
Average
Age of Previous Business
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
|
|
|
|
|
|
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.46 |
|
|
1 |
Rs.98.99 |
|
Euro |
1 |
Rs.84.72 |
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.