|
Report Date : |
17.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
SUPAPACKERS FISH
PROCESSORS (PTY) LTD |
|
|
|
|
Registered Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
24.06.2006 |
|
|
|
|
Com. Reg. No.: |
M2009/012426/07 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Subject is
engaged in processors and wholesalers
of frozen fish products. |
|
|
|
|
No. of Employees |
20 |
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 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
South Africa |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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 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 |
SUPAPACKERS FISH PROCESSORS (PTY)LTD |
|
Country |
South
Africa |
|
Enquiry
Terms |
COD |
|
Assessment |
This is
an established business. On investigation contact was made with RUDOLF DU
PREEZ the financial manager. The subject is meeting commitments timeously
with suppliers. We are awaiting 1 further trade reference. No further
suppliers were made available. We obtained a bank code C for R 300 000 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 |
None |
|
Previous
Name |
None |
|
Date of
Name Change |
None |
|
Registration
Number |
M2009/012426/07 |
|
Registration
Date |
2009/06/24 |
|
Date
Commenced Trading |
2009-06-24 |
|
Age of
Business |
5 Years
1 Months |
|
History
of Business |
The
subject commenced trading as a new business in 2009 |
|
History
of Principals |
There
are 3 active principals within the subject |
|
Shareholders/Members/Partners
of subject and % holding |
37.5 % -
BAKALUSE TRUST, 37.5 % - RABBI TRUST, 15 % - GESFIGASA |
|
Authorised
Share Capital |
|
|
Issued
Share Capital/Members Contribution |
|
|
Status |
In
Business |
|
Operations
Assessment |
The
subject are processors and wholesalers of frozen fish products. |
|
Industry/
Customers |
Major
wholesalers and retailers |
|
Export |
Yes |
|
Export
Countries |
Mozambique |
|
Import |
Yes |
|
Import
Countries |
India,Namibia |
|
Major
Industry Code / SICC |
3012 |
|
Definition
of Code |
PROCESSING
AND PRESERVING OF FISH AND FISH PRODUCTS |
|
Head
Office Physical Address |
169 NEIL
HARE ROAD, ATLANTIS INDUSTRIAL, ATLANTIS, 7349 |
|
Head
Office Postal Address |
P O BOX
1577, DASSENBERG, ATLANTIS, 7350 |
|
Current
Tel Number |
0215774777 |
|
Cell
Number |
Unavailable |
|
Current
Fax Number |
0215774999 |
|
Current
Email Address |
|
|
Web Site
Address |
|
|
Comments |
|
|
Company
Registered Name |
C2M
CHARTERED ACCOUNTANTS INC |
|
Trading
Name |
None |
|
Registration
Number |
M2007/009036/21 |
|
Physical
Address |
2ND
FLOOR TYGERFORUM, 53 WILLIE VAN SCHOOR AVENUE, TYGERVALLEY, 7530 |
|
Postal
Address |
P O BOX
334, TYGERVALLEY, 7536 |
|
Contact
Person |
MARIEKE |
|
Contact
Number |
0219140261 |
|
Email |
|
|
Principals |
4 |
|
Judgements
Against Subject |
None On
Record |
|
Judgements
Against Principals |
None On
Record |
|
Subject
Verified as Client |
Yes |
|
Practice
Number |
958662 |
|
VAT
Number |
4670243932 |
|
Tax
Number |
9370031164 |
|
BEE
Status |
Unavailable |
|
Financial
Year End |
Unavailable |
|
No of
years in Business |
Unavailable |
|
Website |
Unavailable |
|
Comment |
|
Previous Auditors Information - No Information on Record
|
Vat
Number |
4500202637 |
|
Status |
ACTIVE |
|
Vat
Liable Date |
|
|
Tax
Number |
9433311140 |
|
Tax
Clearance Expire Date |
|
|
Financial
Year End |
April |
|
Comment |
|
|
Black
Economic Empowerment |
|
|
Status |
Yes |
|
Score |
4.00 |
|
Expire
Date |
|
|
BEE
Certificate Available |
No |
|
Comment |
|
|
|
|
|
ISO Information - No Information on Record |
|
|
Workman's
compensation |
|
|
Registered |
Yes |
|
Compliance
Certified |
Yes |
|
Comment |
|
Subsidiaries
|
Subsidiary
Company |
ATLANTIS
SEAFOOD PRODUCTS (PTY)LTD |
|||
|
Shareholding |
100% |
|||
|
Registration
Number |
M2010/018540/07 |
|||
|
Import /
Export |
None |
|||
|
Comment |
|
|||
|
|
||||
|
Subsidiary
Company |
IMPERIAL
CROWN TRADING 436 (PTY)LTD |
|||
|
Shareholding |
100% |
|||
|
Registration
Number |
M2010/021773/07 |
|||
|
Import /
Export |
None |
|||
|
Comment |
|
|||
|
Employees |
||||
|
Number
of Employees |
20 |
|||
|
1.
Salaried employees |
20 |
|||
|
2. Waged
employees |
|
|||
|
3.
Permanent employees |
20 |
|||
|
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 |
15 |
|||
|
Comment |
|
|||
|
Cars |
4 |
Owned |
|
|
|
Light
delivery Vehicles |
4 |
Owned |
|
|
|
Trucks |
1 |
Owned |
|
|
|
Fork
Lifts |
6 |
Owned |
|
|
|
Offices |
|
|
Head
Office Owned/ Rented |
Owned |
|
Rental
Company |
N/A |
|
Owned by |
SUPAPACKERS
FISH PROCESSORS (PTY)LTD |
|
Value |
|
|
Bond |
|
|
Bank |
N/A |
|
Lease
Agreement |
N/A |
|
Lease
Expire Date |
N/A |
|
Type of
Premises |
Warehouse
with office blocks |
|
Comment |
|
Branch Information - No Information on Record
|
Level |
Position |
Name |
Comment |
|
|
|||
|
1 |
FINANCIAL
MANAGER |
RUDOLF
DUPREEZ |
|
|
|
|||
|
1 |
DIRECTOR |
THEODORIS
LOUIS |
|
|
NEETHLING |
|
||
|
Holding |
Company |
Sub |
Comment |
|
15 %-
GESFIGASA |
SUPAPACKERS
FISH PROCESSORS (PTY)LTD |
None |
|
|
37.5 % -
BAKALUSE TRUST |
SUPAPACKERS
FISH PROCESSORS (PTY)LTD |
None |
|
|
37.5 % -
RABBI TRUST |
SUPAPACKERS
FISH PROCESSORS (PTY)LTD |
None |
|
|
1 |
CCS
DUNCAN PACK |
0873507350 |
|
|
|
|
2 |
CROSS
BERTH COLD STONE |
0214481623 |
|
|
|
|
3 |
VIKING
FISHING |
0214194140 |
|
|
Awaiting
trade reference |
Key Deals - No Information on Record
Trade References Detail
|
Nr |
Age of
Acc |
Credit
Limit |
Max
Credit |
Terms |
Average
Purchases |
Terms
Taken |
Comment |
|
1 |
10 Years |
|
|
30 Days |
R 300000 |
30 Days |
This is
a good account. The subject has an open account with the supplier. |
|
2 |
7 Years |
R
300000.00 |
R 300000 |
30 Days |
R100000 |
30 Days |
Excellent
account |
|
3 |
|
|
|
|
|
|
|
Judgements - No information on record
BusinessRescue - No Information on Record
Default Listing - No information on record
Notarial Bonds - No information on record
|
Bank |
ABSA |
|
Branch |
WILLOW
BRIDGE |
|
Brach
Code |
632005 |
|
Bank
Account Number |
62046364486 |
|
Type of
Account |
CURRENT |
|
Account
Name |
SUPAPACKERS
FISH PROCESSORS (PTY)LTD |
|
Overdraft
Facilities |
Yes |
|
Bank
Code |
C - For
R 300 000 |
|
Bank
Comment |
The
subject's bankers consider them good for all business normal engagements |
Bank Codes History
|
Date
requested |
Bank
Code |
Enquiry
Amount |
Number
of RD's |
RD
amount |
RD Date |
Bank
Comments |
Years
with bank |
Comment |
|
2013/10/29 |
C - For
R 350 000 (Good
for the amount
quoted, if strictly in the way of business.) |
0.00 |
|
|
|
The
subject's bankers consider them good for all business normal engagement s. |
0 |
|
Previous Bank Account Information - No Information on Record
Deeds
Information
Property Interests for Company SUPAPACKERS FISH PROCESSORS (PTY)LTD
|
Title
Deed No. |
T60274/2008 |
Erf/Site
No. |
1183 |
|
Deeds
Office |
CAPE
TOWN |
Physical
Address |
0276-0020-000
ATLANTIS |
|
Property
Type |
Farms |
Extent /
Size |
|
|
Purchase
Date |
2008/05/16 |
Purchase
price |
R
3303750.00 |
|
%
Ownership |
0.00 |
Bond
Holder |
FIRSTRAND
BANK LTD |
|
Bond
Number |
B565042008 |
Bond
Amount |
R
4110000.00 |
|
Comment |
|
||
|
CURRENT
ASSETS |
|
|
Stock |
|
|
Debtors |
|
|
FIXED
ASSETS |
|
|
Plant,
Equipment, Vehicles |
|
|
Property |
|
|
CURRENT
LIABILITIES |
|
|
Creditors |
|
|
Loans/
From? |
|
|
Loan
Details |
|
|
LONG
TERM LIABILITIES |
|
|
Morgage
Bonds |
|
|
Previous
Year Turnover |
R
300000000.00 |
|
Estimated
Current Year Turnover |
|
|
Current
Turnover per month |
|
|
Current
Turnover per annum |
R
500000000.00 |
|
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 |
|
Number
of Principals |
3 |
|
Average
Age of Active Principals |
44 |
|
Active Principals Principal - 1 of 3 THEODORIS NEETHLING |
|
|
Surname |
NEETHLING |
|
First
Name |
THEODORIS |
|
Other
Names |
LOUIS |
|
Marital
Status |
|
|
ID
Number |
M0004161 |
|
Verified
ID Number |
No |
|
Current
Age |
48 Years
11 Months |
|
Designation |
BUSINESSMAN |
|
Status |
Active |
|
Appointment
Date |
2013/09/13 |
|
Physical
Address (at time of Appointment) |
1 STREET
NORTH 52, MEERSIG, WALVIS BAY, NAMIBIA, 0000 |
|
Postal
Address |
1 STREET
NORTH 52, MEERSIG, MEERSIG, WALVIS BAY, 0000 |
|
Current
Tel Number |
|
|
Cell
number |
|
|
Shareholding/Membership |
0.00 |
Business Information for THEODORIS NEETHLING
Principal Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
ATLANTIS
SEAFOOD PRODUCTS (PTY)LTD |
M2010/018540/07 |
In
Business |
4 Years
4 Months |
0 |
No |
|
|
IMPERIAL
CROWN TRADING 436 (PTY)LTD |
M2010/021773/07 |
In
Business |
4 Years
4 Months |
0 |
No |
|
|
ORSUM
TRADING (PTY)LTD |
M2009/017861/07 |
In
Business |
5 Years
5 Months |
0 |
No |
|
|
SUPAPACKERS
FISH PROCESSORS (PTY)LTD |
M2009/012426/07 |
In
Business |
5 Years
5 Months |
0 |
No |
|
|
SUPAPACKERS HOLDINGS (PTY)LTD |
M2010/009574/07 |
In
Business |
4 Years
4 Months |
0 |
No |
|
Principal - 2 of 3 SERGIO FIGUEIREDO
|
Surname |
FIGUEIREDO |
|
First
Name |
SERGIO |
|
Other
Names |
NUNU DE
BRITO |
|
Marital
Status |
|
|
ID
Number |
7308055575088 |
|
Verified
ID Number |
No |
|
Current
Age |
40 Years
11 Months |
|
Designation |
|
|
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 |
|
|
Shareholding/Membership |
0.00 |
Business Information for SERGIO FIGUEIREDO Principal Current
Business Interests
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
ATLANTIS
SEAFOOD PRODUCTS (PTY)LTD |
M2010/018540/07 |
In
Business |
4 Years
4 Months |
0 |
No |
|
|
SILVER
STREAMS SEAFOOD (PTY)LTD |
M2010/024361/07 |
In
Business |
4 Years
4 Months |
0 |
No |
|
|
SILVER
STREAMS SEAFOOD CC |
2005/120010/23 |
Conversion
CO/CC or CC/CO |
9 Years
9 Months |
0 |
No |
|
|
SUPAPACKERS
FISH PROCESSORS (PTY)LTD |
M2009/012426/07 |
In
Business |
5 Years
5 Months |
0 |
No |
|
Principal Previous Business Interests
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
BIG SKY
TRADING 155 CC |
B2002/048567/23 |
Deregistration
Final |
|
0 |
No |
|
Principal Deeds Information Property Interests for SERGIO
FIGUEIREDO
|
Title
Deed No. |
T2105/2003 |
Erf/Site
No. |
35528 |
|
Deeds
Office |
CAPE
TOWN |
Physical
Address |
89
KOMMISSARIS BELLVILLE |
|
Property
Type |
F |
Extent /
Size |
2121.00000000 |
|
Purchase
Date |
2002/11/01 |
Purchase
price |
R
550000.00 |
|
%
Ownership |
0.00 |
Bond
Holder |
FIRSTRAND
BANK LTD |
|
Bond
Number |
B13532003 |
Bond
Amount |
R
440000.00 |
|
Comment |
|
||
|
Property
Interests for SERGIO FIGUEIREDO |
|||
|
Title
Deed No. |
T48927/2004 |
Erf/Site
No. |
20504 |
|
Deeds
Office |
CAPE
TOWN |
Physical
Address |
2
KLIPKERS BELLVILLE |
|
Property
Type |
F |
Extent /
Size |
1008.00000000 |
|
Purchase
Date |
2004/03/20 |
Purchase
price |
R1575000.00 |
|
%
Ownership |
0.00 |
Bond
Holder |
FIRSTRAND
BANK LTD |
|
Bond
Number |
B390642004 |
Bond
Amount |
R1000000.00 |
|
Comment |
|
||
Principal - 3 of 3
LUIS FIGUEIREDO
|
Surname |
FIGUEIREDO |
|
First
Name |
LUIS |
|
Other
Names |
DE
BRITTO |
|
Marital
Status |
|
|
ID
Number |
7102185383087 |
|
Verified
ID Number |
Yes |
|
Current
Age |
43 Years
5 Months |
|
Designation |
|
|
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 |
0.00 |
Business Information for LUIS FIGUEIREDO Principal Current
Business Interests
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
ATLANTIS
SEAFOOD PRODUCTS (PTY)LTD |
M2010/018540/07 |
In
Business |
4 Years
4 Months |
0 |
No |
|
|
IMPERIAL
CROWN TRADING 436 (PTY)LTD |
M2010/021773/07 |
In
Business |
4 Years
4 Months |
0 |
No |
|
|
SILVER
STREAMS SEAFOOD (PTY)LTD |
M2010/024361/07 |
In
Business |
4 Years
4 Months |
0 |
No |
|
|
SILVER
STREAMS SEAFOOD CC |
2005/120010/23 |
Conversion
CO/CC or CC/CO |
9 Years
9 Months |
0 |
No |
|
|
SUPAPACKERS
FISH PROCESSORS (PTY)LTD |
M2009/012426/07 |
In
Business |
5 Years
5 Months |
0 |
No |
|
|
SUPAPACKERS HOLDINGS (PTY)LTD |
M2010/009574/07 |
In
Business |
4 Years
4 Months |
0 |
No |
|
|
WEST
COAST VAN REENEN INVESTMENTS
CC |
B2006/142479/23 |
In
Business |
8 Years
8 Months |
0 |
No |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.19 |
|
|
1 |
Rs.103.14 |
|
Euro |
1 |
Rs.81.66 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
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.