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Report Date : |
09.04.2014 |
IDENTIFICATION DETAILS
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Name : |
NATIONAL FAIRCHILD FOOD PRODUCTS (PTY)LTD |
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Registered Office : |
35 Fredman Drive, Unit 903a,
Sandhurst, 2196 |
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Country : |
South Africa |
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Date of Incorporation : |
20.07.2007 |
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Com. Reg. No.: |
M2007/020546/07 |
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Legal Form : |
Private Company |
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Line of Business : |
Engaged in manufacturing soft drinks & production of mineral
waters |
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No. of Employees |
01 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 – december 01, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
South Africa |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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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, unstable electricity supplies retard growth. 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,
the state-run power company, 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 |
NATIONAL FAIRCHILD FOOD PRODUCTS (PTY)LTD |
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Country |
South Africa |
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Subject Contact Person |
WAYNE ALLEN GORDON - Director |
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Assessment |
This is an established business. On investigation contact was made with WAYNE ALLEN GORDON the director. The subject is meeting commitments with the suppliers. Please see the available information on the subject below. |
|
Registered Name |
NATIONAL FAIRCHILD FOOD PRODUCTS (PTY)LTD |
|
Trading as/ Division Name |
NATIONAL FOOD COMPANY |
|
Previous Name |
None |
|
Date of Name Change |
None |
|
Registration Number |
M2007/020546/07 |
|
Registration Date |
2007/07/20 |
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Date Commenced Trading |
2007-07-20 |
|
Age of Business |
6 Years 9 Months |
|
History of Business |
The subject commenced trading as a new
company in 2007. |
|
History of Principals |
There is 1 active principal within the company. |
|
Shareholders/Members/Partners of subject and % holding |
90 % - WAYNE ALLEN GORDON, 10 % - UNKNOWN |
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Status |
In Business |
|
Operations Assessment |
The subjects main operation is to
manufacture soft drinks |
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Industry/ Customers |
Wholesalers and distributers |
|
Export |
Yes |
|
Export Countries |
Ethiopia |
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Import |
Yes |
|
Import Countries |
China,India |
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Major Industry Code / SICC |
30530 |
|
Definition of Code |
Manufacture of soft drinks; production of
mineral waters |
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Head Office Physical Address |
35 FREDMAN DRIVE, UNIT 903A, SANDHURST, 2196 |
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Head Office Postal Address |
P O BOX 131358, BRYANSTON, 2191 |
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Current Tel Number |
0112782401 |
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Cell Number |
0824017095 |
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Current Fax Number |
0865518761 |
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Current Email Address |
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Web Site Address |
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Comments |
The subject declined to disclose the 10% shareholder, as he/she has requested to stay annonymous. |
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Company Registered Name |
K P A AUDIT GROUP |
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Trading Name |
None |
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Registration Number |
Unavailable |
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Physical Address |
16 NORTH ROAD, DUNKELD WEST EXT, 2196 |
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Postal Address |
PO BOX 413857, CRAIGHALL, 2024 |
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Contact Person |
KEVIN JONES |
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Contact Number |
0114470415 |
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Email |
|
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Judgements Against Subject |
Unavailable |
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Judgements Against Principals |
Unavailable |
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Subject Verified as Client |
Yes |
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Practice Number |
903654 |
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VAT Number |
4160198091 |
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Tax Number |
Unavailable |
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BEE Status |
Unavailable |
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Financial Year End |
Unavailable |
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No of years in Business |
Unavailable |
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Website |
Previous Auditors Information - No Information on Record
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Vat Number |
4840234738 |
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Status |
ACTIVE |
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Tax Number |
9279471164 |
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Financial Year End |
February |
Black Economic
Empowerment Information - No Information on Record
ISO Information - No
Information on Record
|
Registered |
Yes |
|
Compliance Certified |
Yes |
Subsidiaries
Information - No Information on Record
Employees
|
Number of Employees |
1 |
|
1. Salaried employees |
1 |
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2. Waged employees |
-- |
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3. Permanent employees |
1 |
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Company Fleet |
||||
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Company Fleet |
No of vehicles: |
Owned/Leased |
Value |
Outstanding Balance |
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Fleet Operations |
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The Fleet is made up of |
2 |
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Comment |
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|||
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Cars |
2 |
Owned |
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Offices
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Offices |
Offices |
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Head Office Owned/ Rented |
Owned |
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Rental Company |
N/A |
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Owned by |
Unavailable |
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Lease Agreement |
N/A |
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Lease Expire Date |
N/A |
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Type of Premises |
Factory with office blocks |
Branch Information -
No Information on Record
Organisation Chart
|
Level |
Position |
Name |
Comment |
1 DIRECTOR
WAYNE ALLEN GORDON
Company Structure
(Ownership)
Note:
One level up and all levels down
|
Holding |
Company |
Sub |
Comment |
|
90 % - WAYNE
ALLEN GORDON |
NATIONAL FAIRCHILD FOOD PRODUCTS (PTY)LTD |
None |
|
|
10 % - Unknown |
NATIONAL FAIRCHILD FOOD PRODUCTS (PTY)LTD |
None |
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Key Deals - No
Information on Record
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Trade Reference nr |
Supplier |
Contact |
Surety Value |
Notarial Bonds |
Comment |
|
1 |
BARGIAN CHEMICALS |
0117080007 |
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2 |
FIRST LITHO PRINT |
0119661000 |
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3 |
SMITH |
0119002772 |
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4 |
CKP CHEMICHALS |
0114946700 |
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Nr |
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
|
1 |
3 Years |
R 850000.00 |
R 850000 |
30 Days |
R 350000 |
30 Days |
Good account |
|
2 |
4 Years |
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|
30 Days |
R150000 |
30 Days |
Good account.
The subject has an open account with the supplier. |
|
3 |
2 Years |
R1000000.00 |
R1000000 |
30 Days |
R 350000 |
30 Days |
Good account |
|
4 |
6 Years |
R 700000.00 |
R 700000 |
30 Days |
R 400000 |
30 Days |
Good account |
Judgements - No
information on record
Business Rescue - No
Information on Record
Default Listing - No
information on record
Notarial Bonds -
No information on record
|
Bank |
FIRST NATIONAL BANK |
|
Branch |
SANDTON |
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Brach Code |
250655 |
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Bank Account Number |
62358878480 |
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Type of Account |
CURRENT |
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Account Name |
NATIONAL FAIRCHILD FOOD PRODUCTS (PTY)LTD |
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Overdraft Facilities |
YES |
|
Bank Code |
C - For R 150 000 |
|
Bank Comment |
The subjects 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
|
Previous Year Turnover |
R 50000000.00 |
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Estimated Current Year Turnover |
R 75000000.00 |
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Current Turnover per month |
R 6250000.00 |
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Current Turnover per annum |
R 75000000.00 |
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Comment |
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Please note the following: |
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Turnover and assets less than R 1,000,000.00 |
The subject falls within the National Credit Act |
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Turnover and assets less than R 2,000,000.00 |
The subject falls within the Consumer Protection Act |
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Number of Principals |
1 |
|
Average Age of Active Principals |
0 |
|
Active
Principals Principal - 1 of 1 WAYNE GORDON |
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Surname |
GORDON |
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First Name |
WAYNE |
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Other Names |
ALLEN |
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Marital Status |
|
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ID Number |
5506135835080 |
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Verified ID Number |
Yes |
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Current Age |
Unknown |
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Designation |
Director |
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Status |
Active |
|
Appointment Date |
2007/07/20 |
|
Physical Address (at time of Appointment) |
UNIT 30 COLERETTO BOMPAS ROAD, DUNKELD, JOHANNESBURG, 2196 |
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Postal Address |
P O BOX 131358, BRYANSTON, 2074 |
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Current Tel Number |
0118809149 |
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Cell number |
0824017095 |
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Shareholding/Membership |
90 % |
Principal's
Adverse - No information on record
Business Information
for WAYNE GORDON
Principal Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
ORE AND METAL COMPANY LTD |
M1930/002363/06 |
In Business |
83 Years 11 Months |
0 |
No |
|
|
HANNOX210CC |
B2006/077047/23 |
Conversion CO/CC or CC/CO |
8 Years 8 Months |
0 |
No |
|
|
NATIONAL FAIRCHILD FOOD PRODUCTS (PTY)LTD |
M2007/020546/07 |
In Business |
7 Years 7 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 |
|
UNIT 63 SANTANA CC |
B1999/029756/23 |
Deregistration Final |
14 Years 2 Months |
0 |
No |
|
|
CHARPROP 75 CC |
B2000/016480/23 |
Dissolved |
14 Years 2 Months |
0 |
No |
|
|
NAHLA HOLDINGS (PTY)LTD |
M1998/016410/07 |
Deregistration Final |
16 Years 4 Months |
0 |
No |
|
|
PORTION 3-4 SIX SEVEN NINE BOND STREET CC |
B1993/021295/23 |
Deregistration Final |
21 Years 9 Months |
0 |
No |
|
Principal's Deeds
Information - No information on record
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.95 |
|
UK Pound |
1 |
Rs.99.36 |
|
Euro |
1 |
Rs.82.15 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
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|
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 |
|
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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 |
-- |
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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.