|
Report Date : |
09.08.2014 |
IDENTIFICATION DETAILS
|
Name : |
ISIKHWAMA MANUFACTURING CC |
|
|
|
|
Registered Office : |
6
Platinum Road, Milnerton,Western Cape, 7441 P O Box 38043, Pinelands, 7430 |
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Country : |
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Date of Incorporation : |
15.06.2005 |
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Com. Reg. No.: |
B2005/069296/23 |
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|
|
|
Legal Form : |
Private Company |
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|
|
|
Line of Business : |
Manufacture of packing material |
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|
|
|
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 |
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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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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 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 16th largest in the world. Even though the country's modern infrastructure supports 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, albeit slowly with 2014 growth projected at about 2%. Unemployment, poverty, and inequality - among the highest in the world - remain a challenge. Official unemployment is at nearly 25% of the work force, and runs significantly higher among black youth. Eskom, the state-run power company, has built two new power stations and installed new power demand management programs to improve power grid reliability. Construction delays at two additional plants, however, mean South Africa is operating on a razor thin margin; economists judge that growth cannot exceed 3% until those plants come on line. 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 |
ISIKHWAMA MANUFACTURING CC |
|
Country |
SOUTH
AFRICA |
|
Subject Contact
Person |
ALTON -
CEO |
|
Assessment |
On
investigation contact was made with ALTON the CEO of the business who
declined to provide any information. The subject declined on the basis of the
principal enquirer to be revealed before any information is divulged. Pease
see the available information obtained from CIPC on the subject below. |
|
Registered
Name |
ISIKHWAMA
MANUFACTURING CC |
|
Trading
as/ Division Name |
Unavailable |
|
Previous
Name |
Unavailable |
|
Date of
Name Change |
Jul 28
2009 12:00AM |
|
Registration
Number |
B2005/069296/23 |
|
Registration
Date |
2005/06/15 |
|
Date
Commenced Trading |
2005-06-15 |
|
Age of
Business |
9 Years
2 Months |
|
History of
Business |
The
business is in operation for the past 9 Years and 2 Months. |
|
History
of Principals |
There
are 4 active members within the business. |
|
Shareholders/Members/Partners
of subject and % holding |
10% - JASMEEN
MAUREEN JURIES 15.10% - MARGIETA MARIA LEEUWSCHUT 37.45%o - ALTON STUART THOMSON 37.45%o - TREVOR HAYWOOD POTHECARY |
|
Authorised
Share Capital |
|
|
Issued
Share Capital/Members Contribution |
|
|
Status |
In
Business |
|
Operations
Assessment |
The
subjects main operation is packaging materials. |
|
Industry/
Customers |
|
|
Export |
|
|
Export
Countries |
|
|
Import |
|
|
Import
Countries |
|
|
Major
Industry Code / SICC |
32323 |
|
Definition
of Code |
MANUFACTURE
OF PACKING MATERIAL |
|
Head Office
Physical Address |
6
PLATINUM ROAD, MILNERTON,WESTERN CAPE, 7441 |
|
Head
Office Postal Address |
P O BOX
38043, PINELANDS, 7430 |
|
Current
Tel Number |
0215527118 |
|
Cell
Number |
Unavailable |
|
Current
Fax Number |
Unavailable |
|
Current Email
Address |
|
|
Web Site
Address |
Unavailable |
|
Comments |
|
|
Company
Registered Name |
RONALD
ANTHONY FRITH |
|
Trading
Name |
RONALD
ANTHONY FRITH |
|
Registration
Number |
Unavailable |
|
Physical
Address |
Unavailable |
|
Postal
Address |
P O BOX
42, HOWARD PLACE, 7450 |
|
Contact
Person |
Unavailable |
|
Contact
Number |
Unavailable |
|
Email |
Unavailable |
|
Principals |
|
|
Judgements
Against Subject |
Unavailable |
|
Judgements
Against Principals |
Unavailable |
|
Subject
Verified as Client |
|
|
Practice
Number |
00149281 |
|
VAT
Number |
Unavailable |
|
Tax
Number |
Unavailable |
|
BEE
Status |
Unavailable |
|
Financial
Year End |
Unavailable |
|
No of
years in Business |
9 Years
2 Months |
|
Website |
Unavailable |
|
Comment |
|
Previous Auditors Information - No Information on Record
|
Vat
Number |
4450238821 |
|
Status |
ACTIVE |
|
Vat Liable
Date |
2007/05/01 |
|
Tax
Number |
9779808147 |
|
Tax
Clearance Expire Date |
|
|
Financial
Year End |
December |
|
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
|
Level |
Position |
Name |
Comment |
|
|
|||
|
1
CEO ALTON STUART THOMSON |
|||
|
|
|||
|
2 |
Member |
JASMEEN
MAUREEN JURIES |
|
|
|
|||
|
2 |
Member |
MARGIETA
MARIA LEEUWSCHUT |
|
|
|
|||
|
Holding |
Company |
Sub |
Comment |
|
10% -
JASMEEN MAUREEN JURIES |
ISIKHWAMA
MANUFACTURING CC |
|
|
|
15.10% -
MARGIETA MARIA LEEUWSCHUT |
ISIKHWAMA
MANUFACTURING CC |
|
|
|
37.45% -
ALTON STUART THOMSON |
ISIKHWAMA
MANUFACTURING CC |
|
|
|
37.45% -
TREVOR HAYWOOD POTHECARY |
ISIKHWAMA
MANUFACTURING CC |
|
|
Key Deals - No Information on Record
Trade References Information - No Information on Record
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
|
Number
of Principals |
4 |
|
Average Age
of Active Principals |
45 |
|
Active Principals Principal - 1 of 4 JASMEEN JURIES |
|
|
Surname |
JURIES |
|
First
Name |
JASMEEN |
|
Other
Names |
None |
|
Marital
Status |
|
|
ID
Number |
8505040112088 |
|
Verified
ID Number |
Yes |
|
Current
Age |
29 Years
3 Months |
|
Designation |
MEMBER |
|
Status |
Active |
|
Appointment
Date |
2009/09/07 |
|
Physical
Address (at time of Appointment) |
27
VERLORE VLEI CRESCENT, LEIDEN, DELFT, 7100 |
|
Postal
Address |
27
VERLORE VLEI CRESCENT, LEIDEN, DELFT, 7100 |
|
Current Tel
Number |
|
|
Cell
number |
0847468851 |
|
Shareholding/Membership |
10.00 |
Business Information for JASMEEN JURIES Principal Current
Business Interests
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
ISIKHWAMA MANUFACTURING CC |
B2005/069296/23 |
In
Business |
9 Years
9 Months |
0 |
No |
|
Principal - 2 of 4 MAGRIETA LEEUWSCHUT
|
Surname |
LEEUWSCHUT |
|
First
Name |
MAGRIETA |
|
Other
Names |
None |
|
Marital
Status |
|
|
ID
Number |
6802010174087 |
|
Verified
ID Number |
Yes |
|
Current
Age |
46 Years
6 Months |
|
Designation |
MEMBER |
|
Status |
Active |
|
Appointment
Date |
2009/09/07 |
|
Physical
Address (at time of Appointment) |
76 EMARIE
STREET, KALKFONTUIN, KUILS RIVER, 7580 |
|
Postal
Address |
76
ELMARIE STREET, KALKFONTEIN, KUILS RIVER, 7580 |
|
Current
Tel Number |
0215527118 |
|
Cell
number |
0788749316 |
|
Shareholding/Membership |
15.10 |
Business Information for MAGRIETA LEEUWSCHUT Principal Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
ISIKHWAMA MANUFACTURING CC |
B2005/069296/23 |
In
Business |
9 Years 9
Months |
0 |
No |
|
Principal - 3 of 4 ALTON THOMSON
|
Surname |
THOMSON |
|
First
Name |
ALTON |
|
Other
Names |
None |
|
Marital
Status |
|
|
ID
Number |
5812055066081 |
|
Verified
ID Number |
Yes |
|
Current
Age |
55 Years
8 Months |
|
Designation |
CEO |
|
Status |
Active |
|
Appointment
Date |
2009/07/28 |
|
Physical
Address (at time of Appointment) |
NO . 40
CAERNAVO CRESCENT, PARKLANDS, 7441 |
|
Postal
Address |
P O BOX
620, MILNERTON, 7435 |
|
Current
Tel Number |
0215527118 |
|
Cell
number |
0822875907 |
|
Shareholding/Membership |
37.45 |
Business Information for ALTON THOMSON Principal Current
Business Interests
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
ISIKHWAMA MANUFACTURING CC |
B2005/069296/23 |
In
Business |
9 Years
9 Months |
0 |
No |
|
Principal - 4 of 4 TREVOR POTHECARY
|
Surname |
POTHECARY |
|
First
Name |
TREVOR |
|
Other
Names |
None |
|
Marital
Status |
|
|
ID
Number |
6512235188008 |
|
Verified
ID Number |
Yes |
|
Current
Age |
48 Years
8 Months |
|
Designation |
MEMBER |
|
Status |
Active |
|
Appointment
Date |
2007/07/06 |
|
Physical
Address (at time of Appointment) |
20
VISAGIE ROAD, BLAAUWBERGRANT, 7441 |
|
Postal
Address |
P O BOX
620, MILNERTON, 7435 |
|
Current
Tel Number |
0215522330 |
|
Cell
number |
0833109999 |
|
Shareholding/Membership |
37.45 |
Business Information for TREVOR POTHECARY
Principal Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
CHEMCONNECT
CC |
2007/196461/23 |
Deregistration
Final |
7 Years
7 Months |
0 |
No |
|
|
INDY OIL
CC |
B1994/027615/23 |
Deregistration
Final |
20 Years
8 Months |
0 |
No |
|
|
INDY OIL GAUTENG (PTY)LTD |
2006/022577/07 |
Deregistration
Final |
8 Years
8 Months |
0 |
No |
|
|
INDY OIL
SA (PTY)LTD |
M1999/016319/07 |
In
Business |
15 Years
3 Months |
1 |
No |
|
|
ISIKHWAMA MANUFACTURING CC |
B2005/069296/23 |
In
Business |
9 Years
9 Months |
0 |
No |
|
|
JAZZ
SPIRIT 135 CC |
B2006/146901/23 |
In
Business |
8 Years
8 Months |
0 |
No |
|
Principal Previous Business Interests
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
H C FUEL
SOLUTIONS (PTY)LTD |
M1998/013147/07 |
Deregistration
Final |
16 Years
4 Months |
0 |
No |
|
|
THE OIL
CONNECTION CC |
B1996/004403/23 |
Deregistration
Final |
18 Years
6 Months |
0 |
No |
|
Principal Deeds Information Property
Interests for TREVOR POTHECARY
|
Title
Deed No. |
T53884/1995 |
Erf/Site
No. |
14799 |
|
Deeds
Office |
CAPE
TOWN |
Physical
Address |
1
SCEPTRE MILNERTON |
|
Property
Type |
F |
Extent /
Size |
780.00000000 |
|
Purchase
Date |
1995/05/16 |
Purchase
price |
R
98000.00 |
|
%
Ownership |
0.00 |
Bond
Holder |
N B S
BOLAND BANK |
|
Bond
Number |
B241601998 |
Bond
Amount |
R
200000.00 |
|
Comment |
|
||
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.56 |
|
|
1 |
Rs.103.50 |
|
Euro |
1 |
Rs.82.41 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
NIS |
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.