MIRA INFORM REPORT

 

 

Report Date :

20.06.2014

 

IDENTIFICATION DETAILS

 

Name :

LAPA UITGEWERS (PTY)LTD

 

 

Registered Office :

380 Bosman Street Pretoria

 

 

Country :

South Africa

 

 

Date of Incorporation :

24.06.1947

 

 

Com. Reg. No.:

M1947/025852/07

 

 

Legal Form :

Private Company

 

 

Line of Business :

Publishing of Books, Brochures, Musical Books and Other Publications

 

 

No of Employees :

39

 

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

LAPA UITGEWERS (PTY)LTD

Country

South Africa

Subject Contact Person

SYLVIA DE WET-Director

Assessment

This is an established business.

 

On investigation contact was made with SYLVIA DE WET the director who declined to assist with financial information.

 

The subject is meeting commitments timeously with suppliers.

 

Please see the available information on the subject below.

 

 

Company information

 

Registered Name

LAPA UITGEWERS (PTY)LTD

Trading as/ Division Name

LAPA PUBLISHERS

Previous Name

Unavailable

Date of Name Change

Jul 5 2000 12:00AM

Registration Number

M1947/025852/07

Registration Date

1947/06/24

Date Commenced Trading

1947-06-24

Age of Business

67 Years

History of Business

The company was established in 1947

History of Principals

There are 3 directors within the subject

Shareholders/Members/Partners of subject and % holding

Unavailable

Authorised Share Capital

R 0.00

Issued Share Capital/Members Contribution

R 0.00

Status

In Business

Operations Assessment

The subjects main operation is to publish books

Industry/ Customers

All major book stores

Export

Yes

Import

Yes

Major Industry Code / SICC

32410

Definition of Code

Publishing of books, brochures, musical books and other publications

Head Office Physical Address

380 Bosman Street PRETORIA

Head Office Postal Address

PO Box 123PRETORIA0001

Current Tel Number

0124010700

Cell Number

None

Current Fax Number

0123244460

Current Email Address

lapa@lapa.co.za

Web Site Address

www.lapa.co.za

 


Auditors information

 

Company Registered Name

KPMG INCORPORATED

Trading Name

KPMG

Registration Number

1999/021543/21

Physical Address

85 Empire Road PARKTOWN JOHANNESBURG

Postal Address

PRIVATE BAG 9, PARKVIEW, 2122

Contact Person

BOTHA

Contact Number

0116476576

Email

Unavailable

Judgements Against Subject

None

Judgements Against Principals

None

Subject Verified as Client

Yes

Practice Number

900133E

VAT Number

4530188665

Tax Number

9559555843

BEE Status

Level 1

Financial Year End

June

No of years in Business

4 Years 10 Months

Website

www.kpmg.co.za

 

Previous Auditors Information - No Information on Record

 

 

Tax Information

 

Vat Number

4750120562

Status

ACTIVE

Vat Liable Date

1991/09/30

Tax Number

9187477840

Financial Year End

February

 

Black Economic Empowerment

 

Status

Yes

Score

6.00

Expire Date

Jul 15 2015

BEE Certificate Available

No

 

ISO Information - No Information on Record


Workman's compensation

 

Registered

Yes

Compliance Certified

Yes

 

Company Structure

 

Subsidiaries Information - No Information on Record

 

Employees

Number of Employees

39

1. Salaried employees

39

2. Waged employees

----

3. Permanent employees

39

 

Company Fleet

Company Fleet

No of vehicles:

Owned/Leased

Value

Outstanding Balance

Fleet Operations

 

 

 

 

The Fleet is made up of

3

Light delivery Vehicles

3

Owned

 

 

 

 

Offices

 

Offices

Offices

Head Office Owned/ Rented

Leased

Rental Company

ROSRAY

Type of Premises

Offices

 

Branch Information - No Information on Record

 

 

Management Overview

Organisation Chart

Level

Position

Name

Comment

 

1

Director

SYLVIA DE WET

 

 

1

Director

JACOB DANIEL GOUWS

 

 

1

Director

HENDRIKUS BAKKER

 

 


Company Structure Information - No Information on Record

 

Note: One level up and all levels down

 

 

Key Deals - No Information on Record

 

 

Trade References

 

Trade Reference nr

Supplier

Contact

Surety Value

Notarial Bonds

Comment

1

SOUTH AFRICAN POST OFFICE

0123397401

 

 

 

2

INTERNET EXPRESS

0119732867

 

 

 

3

INTERPACK

0333977500

 

 

 

 

Trade References Detail

 

Nr

Age of Acc

Credit Limit

Max Credit

Terms

Average Purchases

Terms Taken

Comment

1

3 Years

R150000.00

R 46000

30 Days

R 20000

30 Days

Good account

2

1 Year

 

R120000

30 Days

R100000

30 Days

Excellent account,the subject has an open credit limit with the supplier

3

15 Years

R1100000.00

R1000000

60 Days

R 500000

60 Days

Excellent account

 

 

Adverse Information on Subject

 

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

 

Bank

ABSA

Branch

JOHANNESBURG

Brach Code

632005

Bank Account Number

040430105

Type of Account

CURRENT

Account Name

LAPA UITGEWERS (PTY)LTD

Overdraft Facilities

None

Bank Code

C For R 100 000

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

 

Deeds Information - No information on record

 

Principals

 

Number of Principals

3

Average Age of Active Principals

33

 

Active Principals Principal - 1 of 3 HENDRIKUS BEKKER

Surname

BEKKER

First Name

HENDRIKUS

Other Names

HENNIE

Marital Status

 

ID Number

5401085019086

Verified ID Number

Yes

Current Age

60 Years 5 Months

Designation

Director

Status

Active

Appointment Date

2014/01/23

Physical Address (at time of Appointment)

BOERNEEFLAAN 29, WILROPARK, ROODEPOORT, 1724

Postal Address

POSBUS 4586, RANDBURG, 2194

Current Tel Number

0117683423

Cell number

0836298651

Shareholding/Membership

0.00

 

Principal's Adverse - No information on record

 

Business Information for HENDRIKUS BEKKER

 

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

ATKV-

BUFFELSPOORT

EIENDOMME

(PTY)LTD

M1969/001638/07

In Business

45 Years 9 Months

0

No

 

ATKV-GOUDINI

EIENDOMME

(PTY)LTD

M1967/011614/07

In Business

47 Years 11 Months

0

No

 

ATKV-TOERKLUB LTD

M1957/001659/06

In Business

57 Years 9 Months

0

No

 

D H VAN DER WALT BELEGGINGS (PTY)LTD

M1977/000230/07

In Business

37 Years 1 Months

0

No

 

DIE AFRIKAANSE TAAL- EN

KULTUURVERENIGI NG

M1962/005157/08

In Business

52 Years 4 Months

0

No

 

LAPA UITGEWERS (PTY)LTD

M1947/025852/07

In Business

67 Years 7 Months

0

No

 

MAJESTIC SILVER TRADING 279 (PTY)LTD

2007/007499/07

In Business

7 Years 7 Months

0

No

 

ROSRAE (PTY)LTD

M1974/002719/07

In Business

40 Years 4 Months

0

No

 

 

Principal Previous Business Interests

 

Average Age of Previous Business                                                        31 Years

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

ATKV-

LEDEVERENIGING

2003/031207/08

Deregistration Final

11 Years 11 Months

0

No

 

D J DE WAAL (PTY)LTD

1962/000006/07

Conversion CO/CC or CC/CO

52 Years 4 Months

0

No

 

 

 

Principal - 2 of 3 SYLVIA DE WET

 

Surname

DE WET

First Name

SYLVIA

Other Names

None

ID Number

7602040054088

Verified ID Number

Yes

Current Age

38 Years 4 Months

Designation

Director

Status

Active

Appointment Date

2011/05/03

Physical Address (at time of Appointment)

Unavailable

Postal Address

P O BOX 123, PRETORIA, Gauteng, 0001

Current Tel Number

0124010700

Cell number

0731692769

Shareholding/Membership

0.00

 

Principal's Adverse - No information on record

 

Business Information for SYLVIA DE WET

 

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

LAPA UITGEWERS (PTY)LTD

M1947/025852/07

In Business

67 Years 7 Months

0

No

 

 

Principal Deeds Information

 

Property Interests for SYLVIA DE WET

 

Title Deed No.

ST56705/2007

Erf/Site No.

4166,0

Deeds Office

PRETORIA

Physical Address

THATCHFIELD CENTURION

Property Type

U

Extent / Size

 

Purchase Date

2007/02/03

Purchase price

R 795000.00

% Ownership

0.00

Bond Holder

ABSA BANK LTD

Bond Number

SB703832007

Bond Amount

R 795000.00

 

Principal - 3 of 3 JAKOB GOUWS

 

Surname

GOUWS

First Name

JAKOB

Other Names

None

ID Number

5404095066089

Verified ID Number

Yes

Current Age

1 Years 2 Months

Designation

Director

Status

Active

Appointment Date

2009/08/27

Physical Address (at time of Appointment)

RAVENSHILL 8, TURLEYWEG, LONEHILL, 2062

Postal Address

P O BOX 4586, RANDBURG, 2125

Current Tel Number

0124010700

Shareholding/Membership

0.00

 

Principal's Adverse - No information on record

 

Business Information for JAKOB GOUWS


Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

ACAMBARO

INVESTMENTS

(PTY)LTD

M2000/018817/07

In Business

14 Years 2 Months

0

No

 

ATKV-

BUFFELSPOORT

EIENDOMME

(PTY)LTD

M1969/001638/07

In Business

45 Years 9 Months

0

No

 

ATKV-GOUDINI

EIENDOMME

(PTY)LTD

M1967/011614/07

In Business

47 Years 11 Months

0

No

 

ATKV-TOERKLUB LTD

M1957/001659/06

In Business

57 Years 9 Months

0

No

 

BUSSTAT CC

1998/054141/23

In Business

16 Years 4 Months

0

No

 

D H VAN DER WALT BELEGGINGS (PTY)LTD

M1977/000230/07

In Business

37 Years 1 Months

0

No

 

DIE AFRIKAANSE TAAL- EN

KULTUURVERENIGI NG

M1962/005157/08

In Business

52 Years 4 Months

0

No

 

DIE

ERFENISSTIGTING

M2002/022710/08

In Business

0

0

No

 

DIE

VOORTREKKERMO

NUMENT EN

NATUURRESERVAA

T

M1993/006713/08

In Business

21 Years 9 Months

0

No

 

LAPA UITGEWERS (PTY)LTD

M1947/025852/07

In Business

67 Years 7 Months

0

No

 

QCK LEZMIN 4357 CC

B2007/099530/23

In Business

7 Years 7 Months

0

No

 

QCK LEZMIN 4448 CC

B2008/051633/23

In Business

6 Years 6 Months

0

No

 

QCK LEZMIN 4449 CC

B2008/051635/23

In Business

6 Years 6 Months

0

No

 

QCK LEZMIN 4450 CC

B2008/051634/23

In Business

6 Years 6 Months

0

No

 

QCK LEZMIN 4451 CC

B2008/051638/23

In Business

6 Years 6 Months

0

No

 

ROSRAE (PTY)LTD

M1974/002719/07

In Business

40 Years 4 Months

0

No

 

SHELF

INVESTMENTS NO 121 CC

B2005/145775/23

In Business

9 Years 9 Months

0

No

 

STATIONERY BROKERS CC

B2002/024261/23

In Business

0

0

No

 

THE PENDORING

ADVERTISING

AWARDS

M2008/023358/08

In Business

6 Years 6 Months

0

No

 

 

Principal Previous Business Interests

 

Average Age of Previous Business                                                                    22 Years

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

AARDKLOP

NASIONALE

KUNSTEFEES

M1998/017140/08

In Business

16 Years 4 Months

0

No

 

ATKV-

LEDEVERENIGING

2003/031207/08

Deregistration Final

11 Years 11 Months

0

No

 

COUNTRY BIRD (PTY)LTD

M1980/011025/07

In Business

34 Years 10 Months

0

No

 

DORMANKO VYFTIEN (PTY)LTD

M2000/015454/07

In Business

14 Years 2 Months

0

No

 

KLEIN KAROO

INTERNATIONAL

(PTY)LTD

M1998/001182/07

Dissolved

16 Years 4 Months

0

No

 

KLEIN KAROO SAAD BEMARKING (PTY)LTD

M2000/002535/07

In Business

14 Years 2 Months

0

No

 

KLEIN KAROO WEIDINGSAAD (PTY)LTD

M2000/004221/07

In Business

14 Years 2 Months

0

No

 

KROON KOELKAMERS (PTY)LTD

M1963/004785/07

Deregistration Process

51 Years 3 Months

0

No

 

LEBOWA MILLING CO (PTY)LTD

M1975/003714/07

Deregistration Final

39 Years 3 Months

0

No

 

MAYFLOWER

WHOLESALERS

(PTY)LTD

M1981/005233/07

Deregistration Final

33 Years 9 Months

0

No

 

MIDDAY CHICKEN (PTY)LTD

M1997/002158/07

Deregistration Final

17 Years 5 Months

0

No

 

MODA EXOTICA WHOLESALE (PTY)LTD

M1998/008891/07

AR Final Deregistration

16 Years 4 Months

0

No

 

MODA LEATHER AND LUGGAGE (PTY)LTD

M1994/006900/07

In Business

20 Years 8 Months

0

No

 

MOSSEL BAY GOLF ESTATE HOME OWNERS ASSOCIATION

M1999/001249/08

In Business

15 Years 3 Months

0

No

 

NUTRI FEEDS (PTY)LTD

M1994/003202/07

In Business

20 Years 8 Months

0

No

 

OTK GENOMINEERDES (PTY)LTD

M1995/004029/07

Deregistration Final

19 Years 7 Months

0

No

 

OUDTSHOORN BROOM AND DUSTER COMPANY (PTY)LTD

M1968/003252/07

Dissolved

46 Years 10 Months

0

No

 

RINGSTADT

PROPERTIES

(PTY)LTD

M1972/006510/07

Dissolved

42 Years 6 Months

0

No

 

SAKAV LTD

M1991/001184/06

Deregistration Final

23 Years 11 Months

0

No

 

SENTRA BELEGGINGS LTD

M1997/000015/06

Dissolved

17 Years 5 Months

0

No

 

SENWES CAPITAL (PTY)LTD

M1993/005647/07

In Business

21 Years 9 Months

0

No

 

SENWES FINANSIELE DIENSTE (PTY)LTD

M1995/010086/07

Deregistration Final

19 Years 7 Months

0

No

 

SENWES LTD

M1997/005336/06

In Business

17 Years 5 Months

2

No

 

SENWESBEL LTD

M1996/017629/06

In Business

18 Years 6 Months

0

No

 

UNIVISION BROKER SERVICES (PTY)LTD

M1997/007249/07

In Business

17 Years 5 Months

0

No

 

 

Principal Deeds Information

 

Property Interests for JAKOB GOUWS

Title Deed No.

ST67812/2009

Erf/Site No.

871,RE&1

Deeds Office

PRETORIA

Physical Address

28 WITKOPPEN LONE HILL SANDTON

Property Type

U

Extent / Size

 

Purchase Date

2009/08/18

Purchase price

R1450000.00

% Ownership

0.00

Bond Holder

ABSA BANK LTD

Bond Number

SB430832009

Bond Amount

R1500000.00

 

Property Interests for JAKOB GOUWS

Title Deed No.

T17964/2002

Erf/Site No.

1076

Deeds Office

PRETORIA

Physical Address

17 OVERBERG WILKOPPIES

Property Type

F

Extent / Size

1050.00000000

Purchase Date

2002/01/03

Purchase price

R 485000.00

% Ownership

0.00

Bond Holder

 

 

Property Interests for JAKOB GOUWS

Title Deed No.

T5730/2004

Erf/Site No.

4972

Deeds Office

CAPE TOWN

Physical Address

DIE VOOR BAY MOSSEL BAY

Property Type

E

Extent / Size

 

Purchase Date

2003/11/16

Purchase price

R 203000.00

% Ownership

0.00

Bond Holder

 

Bond Number

 

Bond Amount

R 0.00

 

Property Interests for JAKOB GOUWS

Title Deed No.

T48145/2004

Erf/Site No.

16486

Deeds Office

CAPE TOWN

Physical Address

MOSSEL BAY GOLF ESTATE MOSSEL BAY

Property Type

E

Extent / Size

 

Purchase Date

2004/04/12

Purchase price

R 400000.00

% Ownership

0.00

Bond Holder

 

Bond Number

 

Bond Amount

R 0.00

 

Property Interests for JAKOB GOUWS

Title Deed No.

T48144/2004

Erf/Site No.

16488

Deeds Office

CAPE TOWN

Physical Address

MOSSEL BAY GOLF ESTATE MOSSEL BAY

Property Type

E

Extent / Size

 

Purchase Date

2004/04/12

Purchase price

R 400000.00

% Ownership

0.00

Bond Holder

 

Bond Number

 

Bond Amount

R 0.00

 

Property Interests for JAKOB GOUWS

Title Deed No.

T3729/2001

Erf/Site No.

457

Deeds Office

CAPE TOWN

Physical Address

8 ROBERTS OUDTSHOORN

Property Type

F

Extent / Size

2141.00000000

Purchase Date

2000/11/16

Purchase price

R 420000.00

% Ownership

0.00

Bond Holder

ABSA BANK LTD

Bond Number

B26342001

Bond Amount

R312000.00

 

Property Interests for JAKOB GOUWS

Title Deed No.

T47708/2006

Erf/Site No.

14693

Deeds Office

CAPE TOWN

Physical Address

OUDTSHOORN OUDTSHOORN

Property Type

E

Extent / Size

 

Purchase Date

2004/03/02

Purchase price

R112000.00

% Ownership

0.00

Bond Holder

 

Bond Number

 

Bond Amount

R 0.00

 

Property Interests for JAKOB GOUWS

Title Deed No.

T47709/2006

Erf/Site No.

14694

Deeds Office

CAPE TOWN

Physical Address

OUDTSHOORN OUDTSHOORN

Property Type

E

Extent / Size

 

Purchase Date

2004/03/02

Purchase price

R113900.00

% Ownership

0.00

Bond Holder

 

Bond Number

 

Bond Amount

R 0.00

 

Property Interests for JAKOB GOUWS

Title Deed No.

T49851/2010

Erf/Site No.

14719

Deeds Office

CAPE TOWN

Physical Address

OUDTSHOORN OUDTSHOORN

Property Type

E

Extent / Size

 

Purchase Date

2010/07/27

Purchase price

R165000.00

% Ownership

0.00

Bond Holder

 

Bond Number

 

Bond Amount

R 0.00

 

Property Interests for JAKOB GOUWS

Title Deed No.

T37971/2006

Erf/Site No.

238

Deeds Office

CAPE TOWN

Physical Address

PRINCE ALBERT PRINCE ALBERT

Property Type

E

Extent / Size

 

Purchase Date

2006/04/10

Purchase price

R 630000.00

% Ownership

0.00

Bond Holder

 

Bond Number

 

Bond Amount

R 0.00

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.60.00

UK Pound

1

Rs.102.05

Euro

1

Rs.81.71

 

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.