|
Report Date : |
06.09.2013 |
IDENTIFICATION DETAILS
|
Name : |
BRECO (PTY)LTD |
|
|
|
|
Registered Office : |
4 Printers Way, Montague Gardens, Cape Town, 7441 |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
10.03.1995 |
|
|
|
|
Com. Reg. No.: |
M1995/002205/07 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
importer and
exporter of seafood |
|
|
|
|
No. of Employees : |
Not Available |
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) |
|
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 |
BRECO (PTY)LTD |
|
Country |
South Africa |
|
Subject Contact Person |
NEIL PASCALL - Financial Director |
|
Assessment |
This is a well-established family business. On investigation contact was made with NEIL PASCALL who requested the questionnaire to be sent for completion. After numerous follow ups he requested more time to complete the questionnaire. We are still awaiting further information on the company. Please see the available information on the subject below. |
|
Registered Name |
BRECO (PTY)LTD |
|
Trading as/ Division Name |
BRECO |
|
Previous Name |
None |
|
Date of Name Change |
None |
|
Registration Number |
M1995/002205/07 |
|
Registration Date |
1995/03/10 |
|
Date Commenced Trading |
1995-03-10 |
|
Age of Business |
18 Years 6 Months |
|
History of Business |
BRECO (PTY)LTD commenced trading as a new company in 1995. |
|
History of Principals |
There is currently 4 active directors within the company. |
|
Shareholders/Members/Partners of subject and % holding |
Unavailable |
|
Authorised Share Capital |
R0.00 |
|
Issued Share Capital/Members Contribution |
R0.00 |
|
Status |
In Business |
|
Operations Assessment |
The subject imports and exports seafood |
|
Industry/ Customers |
All local major wholesalers and international markets. |
|
Export |
Yes |
|
Import |
Yes |
|
Major Industry Code / SICC |
87147 |
|
Definition of Code |
ELECTRONICS IMPORTATION AND PRODUCT INTEGRATION OF PRE-MANUFACTURED ELECTRONICS IT AND TELECOMMUNICATIONS EQUIPMENT |
|
Head Office Physical Address |
4 Printers Way, Montague Gardens, CAPE TOWN, 7441 |
|
Head Office Postal Address |
P O BOX 36637, CHEMPET, MILNERTON, 7442 |
|
Current Tel Number |
0215518700 |
|
Cell Number |
Unavailable |
|
Current Fax Number |
0215518668 |
|
Current Email Address |
|
|
Web Site Address |
Auditors
Information - No Information on Record
Previous Auditors
|
Company Name |
Phone Number |
Time with previous auditors |
Comment |
|
CECIL KILPIN AND COMPANY |
|
Unknown |
|
|
Vat Number |
4790154308 |
|
Status |
ACTIVE |
|
Vat Liable Date |
1995/12/01 |
|
Tax Number |
9061002037 |
|
Financial Year End |
March |
|
Status |
Yes |
ISO Information -
No Information on Record
|
Registered |
Yes |
|
Compliance Certified |
Yes |
Subsidiaries
|
Subsidiary Company |
BRECO CAPE TOWN |
|
Shareholding |
Unknown |
|
Registration Number |
1996/009856/07 |
|
Import / Export |
None |
Company Fleet
Information - No Information on Record
Employees
Information - No Information on Record
Offices Information - No
Information on Record
Branch Information - No
Information on Record
Organisation Chart
|
Level |
Position |
Name |
Comment |
|
|
|||
|
1 |
Managing Director |
ETIENNE BRAUN |
|
|
|
|||
|
2 |
Financial Director |
NEIL PASCALL |
|
|
|
|||
|
3 |
Sales Director |
ROBERTO AGODTINELLI |
|
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
Judgements - No
information on record
Business Rescue - 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
|
Number of Principals |
4 |
|
Average Age of Active Principals |
46 |
Active Principals
Principal - 1of 4 A BOONZAAIER
|
Surname |
BOONZAAIER |
|
First Name |
A |
|
Other Names |
None |
|
Marital Status |
|
|
ID Number |
6506255004004 |
|
Verified ID Number |
Yes |
|
Current Age |
48 Years 3 Months |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2003/01/31 |
|
Physical Address (at time of Appointment) |
4 JANET LCOSE, CONSTANTIA, 7806 |
|
Postal Address |
PO BOX 36637, CHEMPET, 7441 |
|
Current Tel Number |
0215518700 |
|
Cell number |
0827863545 |
|
Shareholding/Membership |
0% |
Principal's Adverse -
No information on record
Business Information for A BOONZAAIER
Principal Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
16 TURN BERRY ROAD DIEP RIVER (PTY) LTD |
M2004/023672/07 |
In Business |
9 Years 9 Months |
0 |
No |
|
|
22 KENDAL TERRACES DIEP RIVER (PTY)LTD |
2006/005977/07 |
In Business |
7 Years 7 Months |
0 |
No |
|
|
23 KENDAL TERRACES DIEP RIVER (PTY)LTD |
M2006/006035/07 |
In Business |
7 Years 7 Months |
0 |
No |
|
|
9 TURNBERRY DIEP RIVER (PTY)LTD |
M2004/022728/07 |
In Business |
9 Years 9 Months |
0 |
No |
|
|
BRECO (PTY)LTD |
M1995/002205/07 |
In Business |
18 Years 6 Months |
0 |
No |
|
|
BRECO CAPE TOWN
(PTY) LTD |
M1996/009856/07 |
In Business |
17 Years 5 Months |
0 |
No |
|
|
BRECO HOLDINGS (PTY) LTD |
M1996/008679/07 |
In Business |
17 Years 5 Months |
0 |
No |
|
|
HORIZON BAY 701 (PTY) LTD |
M2004/022727/07 |
In Business |
9 Years 9 Months |
0 |
No |
|
|
HORIZON BAY 703 (PTY) LTD |
M2004/022845/07 |
In Business |
9 Years 9 Months |
0 |
No |
|
|
KNIGHTBRIDGE PROPERTY (PTY) LTD |
2004/023667/07 |
In Business |
9 Years 9 Months |
0 |
No |
|
|
NC COMPUTERS |
6506255004004 |
|
Unknown |
0 |
No |
|
|
NEW NATION FISHING (PTY)LTD |
M1996/007000/07 |
In Business |
17 Years 5 Months |
0 |
No |
|
|
ORIBEL PROPERTIES 33 (PTY) LTD |
M2009/002419/07 |
In Business |
4 Years 4 Months |
0 |
No |
|
|
REN HOLDINGS (PTY) LTD |
M1999/016329/07 |
In Business |
14 Years 2 Months |
0 |
No |
|
Principal Previous Business Interests
Average Age of Previous Business 8 Years
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
BA-TLHAPING
FISHING ENTERPRISES CC |
B1998/023269/23 |
Deregistration Final |
15 Years 3 Months |
0 |
No |
|
|
FUTURE INDEFINITE INVESTMENTS 112 (PTY) LTD |
M2002/010222/07 |
Deregistration Final |
11 Years 11 Months |
0 |
No |
|
|
TRESSO TRADING 282 (PTY) LTD |
M2001/015475/07 |
In Business |
|
0 |
No |
|
|
WEST DUNES PROPERTIES 153 (PTY) LTD |
M2004/022353/07 |
In Business |
9 Years 9 Months |
0 |
No |
|
Principal's Deeds Information - No information on record
Principal - 2of 4
ROBERTO AGOSTINELLI
|
Surname |
AGOSTINELLI |
|
First Name |
ROBERTO |
|
Other Names |
None |
|
Marital Status |
|
|
ID Number |
6511175133081 |
|
Verified ID Number |
Yes |
|
Current Age |
47 Years 10 Months |
|
Designation |
Sales Director |
|
Status |
Active |
|
Appointment Date |
2003/01/31 |
|
Physical Address (at time of Appointment) |
45 PRIMULA STREET, DURBANVILLE, 7550 |
|
Postal Address |
P O BOX 36637, CHEMPET, 7442 |
|
Current Tel Number |
0215518700 |
|
Cell number |
0825796455 |
|
Shareholding/Membership |
0% |
Principal's Adverse -
No information on record
Business Information
for ROBERTO AGOSTINELLI
Principal Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
16 TURN BERRY ROAD DIEP RIVER (PTY) LTD |
M2004/023672/07 |
In Business |
9 Years 9 Months |
0 |
No |
|
|
22 KENDAL TERRACES DIEP RIVER (PTY)LTD |
2006/005977/07 |
In Business |
7 Years 7 Months |
0 |
No |
|
|
23 KENDAL TERRACES DIEP RIVER (PTY)LTD |
M2006/006035/07 |
In Business |
7 Years 7 Months |
0 |
No |
|
|
9 TURNBERRY DIEP RIVER (PTY)LTD |
M2004/022728/07 |
In Business |
9 Years 9 Months |
0 |
No |
|
|
BRECO (PTY)LTD |
M1995/002205/07 |
In Business |
18 Years 6 Months |
0 |
No |
|
|
BRECO CAPE TOWN
(PTY) LTD |
M1996/009856/07 |
In Business |
17 Years 5 Months |
0 |
No |
|
|
BRECO HOLDINGS (PTY) LTD |
M1996/008679/07 |
In Business |
17 Years 5 Months |
0 |
No |
|
|
HORIZON BAY 701 (PTY) LTD |
M2004/022727/07 |
In Business |
9 Years 9 Months |
0 |
No |
|
|
HORIZON BAY 703 (PTY) LTD |
M2004/022845/07 |
In Business |
9 Years 9 Months |
0 |
No |
|
|
KNIGHTBRIDGE PROPERTY (PTY) LTD |
2004/023667/07 |
In Business |
9 Years 9 Months |
0 |
No |
|
|
NEW NATION FISHING (PTY)LTD |
M1996/007000/07 |
In Business |
17 Years 5 Months |
0 |
No |
|
|
ORIBEL PROPERTIES 33 (PTY) LTD |
M2009/002419/07 |
In Business |
4 Years 4 Months |
0 |
No |
|
|
REN HOLDINGS (PTY) LTD |
M1999/016329/07 |
In Business |
14 Years 2 Months |
0 |
No |
|
Principal Previous Business Interests
Average Age of Previous Business 6 Years
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
FUTURE INDEFINITE INVESTMENTS 112 (PTY) LTD |
M2002/010222/07 |
Deregistration Final |
11 Years 11 Months |
0 |
No |
|
|
TRESSO TRADING 282 (PTY) LTD |
M2001/015475/07 |
In Business |
|
0 |
No |
|
|
WEST DUNES PROPERTIES 153 (PTY) LTD |
M2004/022353/07 |
In Business |
9 Years 9 Months |
0 |
No |
|
Principal's Deeds
Information - No information on record
|
Principal - 3of
4 ETIENNE BRAUN |
|
|
Surname |
BRAUN |
|
First Name |
ETIENNE |
|
Other Names |
None |
|
Marital Status |
|
|
ID Number |
6407145131083 |
|
Verified ID Number |
Yes |
|
Current Age |
49 Years 2 Months |
|
Designation |
Managing Director |
|
Status |
Active |
|
Appointment Date |
2003/01/31 |
|
Physical Address (at time of Appointment) |
17 THE AVENUE, SILVERHURST, CONSTANTIA, 7806 |
|
Postal Address |
17 THE AVENUE, SILVERHURST, SILVERHURST, CONSTANTIA, 7806 |
|
Current Tel Number |
0215518700 |
|
Cell number |
0825863379 |
|
Shareholding/Membership |
0% |
Principal's Adverse -
No information on record
Business Information
for ETIENNE BRAUN
Principal Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
22 KENDAL TERRACES DIEP RIVER (PTY)LTD |
2006/005977/07 |
In Business |
7 Years 7 Months |
0 |
No |
|
|
23 KENDAL TERRACES DIEP RIVER (PTY)LTD |
M2006/006035/07 |
In Business |
7 Years 7 Months |
0 |
No |
|
|
BRECO (PTY)LTD |
M1995/002205/07 |
In Business |
18 Years 6 Months |
0 |
No |
|
|
BRECO CAPE TOWN
(PTY) LTD |
M1996/009856/07 |
In Business |
17 Years 5 Months |
0 |
No |
|
|
BRECO HOLDINGS (PTY) LTD |
M1996/008679/07 |
In Business |
17 Years 5 Months |
0 |
No |
|
|
FOOD ON THE GO HOLDINGS (PTY) LTD |
K2012/092883/07 |
In Business |
1 Years 1 Months |
0 |
No |
|
|
HORIZON BAY 701 (PTY) LTD |
M2004/022727/07 |
In Business |
9 Years 9 Months |
0 |
No |
|
|
HORIZON BAY 703 (PTY) LTD |
M2004/022845/07 |
In Business |
9 Years 9 Months |
0 |
No |
|
|
NEW NATION FISHING (PTY)LTD |
M1996/007000/07 |
In Business |
17 Years 5 Months |
0 |
No |
|
|
ORIBEL PROPERTIES 33 (PTY) LTD |
M2009/002419/07 |
In Business |
4 Years 4 Months |
0 |
No |
|
|
RAPIPROP 186 (PTY) LTD |
M2006/005266/07 |
In Business |
7 Years 7 Months |
0 |
No |
|
|
REN HOLDINGS (PTY) LTD |
M1999/016329/07 |
In Business |
14 Years 2 Months |
0 |
No |
|
|
WESTERN PROVINCE REGIONAL RACING ASSOCIATION |
M2002/002381/08 |
In Business |
11 Years 11 Months |
0 |
No |
|
Principal Previous Business Interests
Average Age of
Previous Business 13
Years
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
||
|
16 TURN BERRY ROAD DIEP RIVER (PTY)LTD |
M2004/023672/07 |
In Business |
9 Years 9 Months |
0 |
No |
|
||
|
9 TURNBERRY DIEP RIVER (PTY)LTD |
M2004/022728/07 |
In Business |
9 Years 9 Months |
0 |
No |
|
||
|
BAY SEAFOODS CC |
B1990/007013/23 |
Dissolved |
23 Years 11 Months |
0 |
No |
|
||
|
FUTURE INDEFINITE INVESTMENTS 112 (PTY) LTD |
M2002/010222/07 |
Deregistration Final |
11 Years 11 Months |
0 |
No |
|
||
|
HOTLINE FISHING CC |
B2000/027262/23 |
In Business |
13 Years 1 Months |
0 |
No |
|
||
|
KNIGHTBRIDGE PROPERTY (PTY)LTD |
2004/023667/07 |
In Business |
9 Years 9 Months |
0 |
No |
|
||
|
PLANET PIZZA CC |
B1987/003348/23 |
Deregistration Final |
26 Years 2 Months |
0 |
No |
|
||
|
SILVERHURST ESTATE HOME OWNERS ASSOCIATION |
M1991/001082/08 |
In Business |
22 Years 10 Months |
0 |
No |
|
||
|
TRAWL TRADE (PTY) LTD |
M1997/012303/07 |
Deregistration Final |
16 Years 4 Months |
0 |
No |
|
||
|
TRESSO TRADING 282 (PTY) LTD |
M2001/015475/07 |
In Business |
|
0 |
No |
|
||
|
WEST DUNES PROPERTIES 153 (PTY) LTD |
M2004/022353/07 |
In Business |
9 Years 9 Months |
0 |
No |
|
||
Principal's Deeds Information - No information on record
Principal - 4of 4 NEIL PASCALL
|
Surname |
PASCALL |
|
First Name |
NEIL |
|
Other Names |
None |
|
Marital Status |
|
|
ID Number |
7301055051085 |
|
Verified ID Number |
Yes |
|
Current Age |
40 Years 8 Months |
|
Designation |
Financial Director |
|
Status |
Active |
|
Appointment Date |
1998/07/21 |
|
Physical Address (at time of Appointment) |
14 BRIDEKIRK WAY, EDGEMEAD, 7442 |
|
Postal Address |
PO BOX 36637, CHEMPET, 7441 |
|
Current Tel Number |
0215518700 |
|
Cell number |
0832818215 |
|
Shareholding/Membership |
0% |
Principal's Adverse -
No information on record
Business Information
for NEIL PASCALL
Principal Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
16 TURN BERRY ROAD DIEP RIVER (PTY) LTD |
M2004/023672/07 |
In Business |
9 Years 9 Months |
0 |
No |
|
|
22 KENDAL TERRACES DIEP RIVER (PTY)LTD |
2006/005977/07 |
In Business |
7 Years 7 Months |
0 |
No |
|
|
23 KENDAL TERRACES DIEP RIVER (PTY)LTD |
M2006/006035/07 |
In Business |
7 Years 7 Months |
0 |
No |
|
|
9 TURNBERRY DIEP RIVER (PTY)LTD |
M2004/022728/07 |
In Business |
9 Years 9 Months |
0 |
No |
|
|
BRECO (PTY)LTD |
M1995/002205/07 |
In Business |
18 Years 6 Months |
0 |
No |
|
|
BRECO (S A) PROPERTY MANAGEMENT (PTY) LTD |
M1995/010409/07 |
In Business |
18 Years 6 Months |
0 |
No |
|
|
BRECO CAPE TOWN
(PTY) LTD |
M1996/009856/07 |
In Business |
17 Years 5 Months |
0 |
No |
|
|
BRECO HOLDINGS (PTY) LTD |
M1996/008679/07 |
In Business |
17 Years 5 Months |
0 |
No |
|
|
HORIZON BAY 701 (PTY) LTD |
M2004/022727/07 |
In Business |
9 Years 9 Months |
0 |
No |
|
|
HORIZON BAY 703 (PTY) LTD |
M2004/022845/07 |
In Business |
9 Years 9 Months |
0 |
No |
|
|
KNIGHTBRIDGE PROPERTY (PTY) LTD |
2004/023667/07 |
In Business |
9 Years 9 Months |
0 |
No |
|
|
NEW NATION FISHING (PTY)LTD |
M1996/007000/07 |
In Business |
17 Years 5 Months |
0 |
No |
|
|
ORIBEL PROPERTIES 33 (PTY) LTD |
M2009/002419/07 |
In Business |
4 Years 4 Months |
0 |
No |
|
|
PASCALL PROPERTIES CC |
B2001/044297/23 |
In Business |
0 |
0 |
No |
|
|
REN HOLDINGS (PTY) LTD |
M1999/016329/07 |
In Business |
14 Years 2 Months |
0 |
No |
|
|
SIMPLY SEAFOOD CC |
B2000/068964/23 |
In Business |
13 Years 1 Months |
0 |
No |
|
|
TRESSO TRADING 282 (PTY)LTD |
M2001/015475/07 |
In Business |
0 |
0 |
No |
|
Principal Previous Business Interests
Average Age of
Previous Business 12
Years
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
FUTURE INDEFINITE INVESTMENTS 112 (PTY) LTD |
M2002/010222/07 |
Deregistration Final |
11 Years 11 Months |
0 |
No |
|
|
SANDY POINT FISHING (PTY) LTD |
M1995/010406/07 |
Deregistration Final |
18 Years 6 Months |
4 |
No |
|
|
WEST DUNES PROPERTIES 153 (PTY) LTD |
M2004/022353/07 |
In Business |
9 Years 9 Months |
0 |
No |
|
Principal's Deeds
Information - No information on record
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.04 |
|
UK Pound |
1 |
Rs.103.11 |
|
Euro |
1 |
Rs.86.99 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.