MIRA INFORM REPORT

 

 

Report Date :

09.05.2014

 

IDENTIFICATION DETAILS

 

Name :

PERFORMANCE COLOUR SYSTEMS (PTY)LTD

 

 

Formerly Known As :

CUSTOM COLOUR (PTY) LTD

 

 

Registered Office :

Cnr Kroonhof And Essex Street, Meadowdale Ext 1, 1730

 

 

Country :

South Africa

 

 

Date of Incorporation :

17.07.1969

 

 

Com. Reg. No.:

M1969/010925/07

 

 

Legal Form :

Private Company

 

 

Line of Business :

·         Manufacturer of plastics, inks, colourants, liquid dispersions, master batches, dry powder pigments, seed conditioning and organic crop protection products for the agriculture industry as well as security and micro tracing initiatives for a range of industries.

Manufacturer of plastics in primary form and of synthetic rubber

 

 

No of Employees :

140

 

 

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

PERFORMANCE COLOUR SYSTEMS (PTY)LTD

Country

South Africa

Subject Contact Person

JAN HALBARTH - Financial Manager

Assessment

This is an established business.

 

On investigation contact was made with JAN HALBARTH the financial manager who declined banking and financial information.

 

The subject is meeting commitments timeously with suppliers.

 

Please see the available information on the subject below.

 

 

Company information

 

Registered Name

PERFORMANCE COLOUR SYSTEMS (PTY)LTD

Trading as/ Division Name

PERFORMANCE COLOUR SYSTEMS

Previous Name

CUSTOM COLOUR(PTY) LTD

Date of Name Change

2012-08-20

Registration Number

M1969/010925/07

Registration Date

1969/07/17

Date Commenced Trading

1969-07-17

Age of Business

44 Years 10 Months

History of Business

Performance Colour Systems has expertise that contributes to over 30 years of excellence within the plastics sector. Their Masterbatch plant is equipped with state of the art production lines that cater for resins across the plastic segments.

History of Principals

There are 9 active directors within the company.

Shareholders/Members/Partners of subject and % holding

51 % - INDIRECT SHAREHOLDERS, 28 % - CHAD FRANCIS, 6 % - GLENN ROPPA, 15 % - RICCARDO DI BLASIO

Authorised Share Capital

R 0.00

Issued Share Capital/Members Contribution

R 0.00

Status

In Business

Operations Assessment

Manufactures of plastics, inks, colourants, liquid dispersions, master batches, dry powder pigments, seed conditioning and organic crop protection products for the agriculture industry as well as security and micro tracing initiatives for a range of industries.

Industry/ Customers

All major retailers

Export

Yes

Import

Yes

Import Countries

 

Major Industry Code / SICC

33430

Definition of Code

Manufacture of plastics in primary form and of synthetic rubber

Head Office Physical Address

Cnr Kroonhof and Essex Street, MEADOWDALE EXT1, 1730

Head Office Postal Address

PO Box 984, EDENVALE, 1734

Current Tel Number

0119612700

Cell Number

None

Current Fax Number

0119612799

Current Email Address

chad.francis@coloursystems.co.za

Web Site Address

www.customcolour.co.za

 

 

Auditors information

 

Company Registered Name

RICHARDS DE VOS

Trading Name

None

Registration Number

5909145013089

Physical Address

CLEARVIEW OFFICE PARK, Block C, Unit11, Wilheminia Avenue, ConstatiaKloof, FLORIDA

Postal Address

PO Box 6910, WESTGATE, 1734

Contact Person

LIND DE VOS

Contact Number

0113724600

Email

Unavailable

Principals

1

Judgements Against Subject

None On Record

Judgements Against Principals

None On Record

Subject Verified as Client

Yes

Practice Number

914584

VAT Number

4450115011

Tax Number

Unavailable

BEE Status

Unavailable

Financial Year End

Unavailable

No of years in Business

7 Years 2 Months

Website

Unavailable

 

Previous Auditors Information - No Information on Record

 

 

Tax information

 

Vat Number

4600219671

Status

ACTIVE

Vat Liable Date

2005/04/01

Tax Number

9207004848

Financial Year End

February

 

Black Economic Empowerment

 

Status

Yes

Score

4.00

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

140

1. Salaried employees

140

2. Waged employees

--

3. Permanent employees

140

 

Company Fleet Information - No Information on Record

 

Offices Information - No Information on Record

 

Branch Information - No Information on Record

 

 

Management Overview

 

Organisational Chart - No Information on Record


 

Company Structure (Ownership)

 

Note: One level up and all levels down

 

Holding

Company

Sub

Comment

51 % - INDIRECT SHAREHOLDERS

PERFOMANCE COLOUR SYSTEM (PTY) LTD

Unavailable

 

28 % - CHAD FRANCIS

PERFOMANCE COLOUR SYSTEM (PTY) LTD

Unavailable

 

6 % - GLENN ROPPA

PERFOMANCE COLOUR SYSTEM (PTY) LTD

Unavailable

 

15 % - RICCARDO DI BLASIO

PERFOMANCE COLOUR SYSTEM (PTY) LTD

Unavailable

 

 

Key Deals - No Information on Record

 

Trade References

 

Trade Reference nr

Supplier

Contact

Surety Value

Notarial Bonds

Comment

1

SASOL

0117901111

 

 

 

2

CHEMI PAUL

0113724600

 

 

 

3

BASS

0112032400

 

 

The subject declined to assist with a trade reference

4

VALVES

0118740732

 

 

 

 

 

Trade References Detail

 

Nr

Age of Acc

Credit Limit

Max Credit

Terms

Average Purchases

Terms Taken

Comment

1

15 Years

 

R 400000

30 Days

R 400000

30 Days

This is a good account. The subject has an open account with the supplier.

2

11 Years

 

 

30 Days

R 200000

30 Days

This is a good account. The subject has an open account with the supplier.

3

 

 

 

 

 

 

 

4

15 Years

R 2500000.00

R 560000

60 Days

R 560000

60 Days

This is a good 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

STANDARD BANK

Branch

EDENVALE

Brach Code

051001

Bank Account Number

Unavailable

Type of Account

Unavailable

Account Name

PERFOMANCE COLOUR SYSTEM (PTY)LTD

Bank Code

Unavailable

Bank Comment

Unavailable

 

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

9

Average Age of Active Principals

57

 

Active Principals Principal - 1 of 9 RICCARDO DI- BLASIO

Surname

DI- BLASIO

First Name

RICCARDO

ID Number

7202265095088

Verified ID Number

Yes

Current Age

42 Years 3 Months

Designation

DIRECTOR

Status

Active

Appointment Date

2011/07/26

Physical Address (at time of Appointment)

3 DUNVEGAN ESTATES, CNR. LEN OATES & GLODOWER AVANEU, DUNVEGAN, 1609

Postal Address

P O BOX 984, EDENVALE, 1610

Current Tel Number

0219282800

Cell number

0845175145

Shareholding/Membership

0.00

 

Principal's Adverse - No information on record

 

Business Information for RICCARDO DI- BLASIO

 

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

PERFORMANCE COLOUR SYSTEMS (PTY)LTD

M1969/010925/07

In Business

45 Years 9 Months

0

No

 

POLYMER COLOUR SYSTEMS (PTY)LTD

M2002/000885/07

In Business

0

0

No

 

WAVELENGTHS 1348 CC

B2003/084635/23

In Business

11 Years 11 Months

0

No

 

VIKING

COMMUNICATIONS CC

B1998/072535/23

In Business

15 Years 3 Months

0

No

 

 

Principal Previous Business Interests

 

Average Age of Previous Business                                                                                   15 Years

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

KARIC CONSULTANTS CC

B1996/029095/23

In Business

18 Years 6 Months

0

No

 

COATIQUE (PTY)LTD

M1999/026316/07

Dissolved

14 Years 2 Months

0

No

 

TENSHARE CC

B1998/017879/23

Deregistration Final

15 Years 3 Months

0

No

 

 


 

Principal Deeds Information

 

Property Interests for RICCARDO DI- BLASIO

 

Title Deed No.

T75068/2005

Erf/Site No.

 

Deeds Office

JOHANNESBURG

Physical Address

22C WALD DUNVEGAN EDENVALE

Property Type

Freehold

Extent / Size

704.0SQM

Purchase Date

2005/09/06

Purchase price

 

% Ownership

0.00

Bond Holder

FIRSTRAND BANK LTD

Bond Number

B1004282005

Bond Amount

 

 

Principal - 2 of 9 LYLE PETERS

 

Surname

PETERS

First Name

LYLE

ID Number

7701025183084

Verified ID Number

Yes

Current Age

37 Years 4 Months

Designation

DIRECTOR

Status

Active

Appointment Date

2011/07/26

Physical Address (at time of Appointment)

UNIT 52, SPLICE RIVIERA, 4 MAIN ROAD, KILLARNEY, 2193

Postal Address

PRIVATE BAG X 4000, BEDFORDVIEW, 2008

Current Tel Number

0114540302

Cell number

0823315356

Shareholding/Membership

0.00

 

Principal's Adverse - No information on record

 

Business Information for LYLE PETERS

 

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

ALGLAN

PROPERTIES

(PTY)LTD

M1988/000713/07

In Business

26 Years 2 Months

0

No

 

CHEMIPOL

SOLUTIONS

(PTY)LTD

M1999/002078/07

In Business

15 Years 3 Months

0

No

 

DARYN AND LYLE INVESTMENTS CC

B2008/127705/23

In Business

6 Years 6 Months

0

No

 

ELIXIR CONCEPTS (PTY)LTD

M2006/020275/07

In Business

8 Years 8 Months

0

No

 

ELIXIR CONCEPTS -BAKER STREET (PTY)LTD

M2007/009205/07

In Business

7 Years 7 Months

0

No

 

ELIXIR CONCEPTS -EAST RAND MALL (PTY)LTD

M2008/012828/07

In Business

6 Years 6 Months

0

No

 

ELIXIR CONCEPTS -GREENSTONE MALL (PTY)LTD

M2007/011911/07

In Business

7 Years 7 Months

0

No

 

ELIXIR CONCEPTS -MONTE CASINO (PTY)LTD

M2007/009476/07

In Business

7 Years 7 Months

0

No

 

FURSALVUS

TECHNOLOGIES

(PTY)LTD

M2005/024319/07

In Business

9 Years 9 Months

0

No

 

KANNAR CC

B2000/000632/23

In Business

14 Years 2 Months

0

No

 

LIQUID COLOURS (PTY)LTD

M1992/005516/07

In Business

22 Years 10 Months

0

No

 

PERFORMANCE COLOUR SYSTEMS (PTY)LTD

M1969/010925/07

In Business

45 Years 9 Months

0

No

 

POLYMER COLOUR SYSTEMS (PTY)LTD

M2002/000885/07

In Business

0

0

No

 

SPEED BIRD INVESTMENT HOLDINGS (PTY)LTD

M2000/015557/07

In Business

14 Years 2 Months

0

No

 

STAND 17 FOUNDERS HILL (PTY)LTD

M1995/007504/07

In Business

19 Years 7 Months

0

No

 

STAND 18 FOUNDERS HILL (PTY)LTD

M1995/007520/07

In Business

19 Years 7 Months

0

No

 

STAND 79

 

 

 

 

 

 

FOUNDERS HILL

M1995/007503/07

In Business

19 Years 7 Months

0

No

 

(PTY)LTD

 

 

 

 

 

 

 


 

Principal Previous Business Interests

 

Average Age of Previous Business                                                                 12 Years

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

ELIXIR CONCEPTS -VILLAGE VIEW (PTY)LTD

M2007/009034/07

In Business

7 Years 7 Months

0

No

 

LUSITANA WINE AND OLIVE OIL (PTY)LTD

M1996/015522/07

Deregistration Process

18 Years 6 Months

0

No

 

 

 

Principal Deeds Information

 

Property Interests for LYLE PETERS

Title Deed No.

ST60530/2006

Erf/Site No.

28,0

Deeds Office

JOHANNESBURG

Physical Address

13 RIVIERA RIVIERA JOHANNESBURG

Property Type

Sectional Title

Extent / Size

106.0SQM

Purchase Date

2005/09/30

Purchase price

 

% Ownership

0.00

Bond Holder

FIRSTRAND BANK LTD

Bond Number

SB849742006

Bond Amount

 

 

Property Interests for LYLE PETERS

Title Deed No.

ST41643/2008

Erf/Site No.

797,0

Deeds Office

PRETORIA

Physical Address

338 MAIN FERNDALE RANDBURG

Property Type

Sectional Title

Extent / Size

53.0SQM

Purchase Date

2007/07/17

Purchase price

 

% Ownership

0.00

Bond Holder

STANDARD BANK OF SOUTH AFRICA L

Bond Number

SB436112008

Bond Amount

 

 

Property Interests for LYLE PETERS

Title Deed No.

T77390/2012

Erf/Site No.

 

Deeds Office

PRETORIA

Physical Address

NORTH RIDING RANDBURG

Property Type

Freehold

Extent / Size

443.0SQM

Purchase Date

2012/07/31

Purchase price

 

% Ownership

0.00

Bond Holder

FIRSTRAND BANK LTD

Bond Number

B463402012

Bond Amount

 

 


Principal - 3 of 9 G ROPPA

 

Surname

ROPPA

First Name

G

Other Names

Unavailable

ID Number

6402015058086

Verified ID Number

Yes

Current Age

50 Years 3 Months

Designation

DIRECTOR

Status

Active

Appointment Date

2011/07/26

Physical Address (at time of Appointment)

25 SYCAMORE CLOSE, UNIT NO .1, DOWERGLEN EXT 3, 1609

Postal Address

P O BOX 984, EDENVALE, 1610

Current Tel Number

0113724600

Cell number

0824168352

Shareholding/Membership

0.00

 

Principal's Adverse - No information on record

 

Business Information for G ROPPA

 

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

LUANSHA PROPERTY CC

B1999/056022/23

In Business

15 Years 3 Months

0

No

 

PERFORMANCE COLOUR SYSTEMS (PTY)LTD

M1969/010925/07

In Business

45 Years 9 Months

0

No

 

POLYMER COLOUR SYSTEMS (PTY)LTD

M2002/000885/07

In Business

0

0

No

 

 

Principal Previous Business Interests

 

Average Age of Previous Business                                               17 Years

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

RICHGROVE UNIT 42 INVESTMENTS CC

B1996/052692/23

Deregistration Final

17 Years 5 Months

0

No

 

RICHGROVE UNIT 79 INVESTMENTS CC

B1996/052654/23

Deregistration Final

17 Years 5 Months

0

No

 

 


 

Principal Deeds Information Property Interests for G ROPPA

 

 

Title Deed No.

ST37395/2003

Erf/Site No.

3119,0

Deeds Office

PRETORIA

Physical Address

15 BANTRY BRYANSTON SANDTON

Property Type

Sectional Title

Extent / Size

97.0SQM

Purchase Date

2003/01/13

Purchase price

 

% Ownership

0.00

Bond Holder

NEDBANK LTD

Bond Number

SB247602003

Bond Amount

 

 

 

Principal - 4 of 9 CHAD FRANCIS

 

Surname

FRANCIS

First Name

CHAD

ID Number

6403025074089

Verified ID Number

Yes

Current Age

50 Years 2 Months

Designation

DIRECTOR

Status

Active

Appointment Date

2007/03/01

Physical Address (at time of Appointment)

17 SANTA MONICA BOULEVARD, CENTURION GOLF ESTATE, JOHN VOSTER DRIVE, CENTURION, 0046

Postal Address

P O BOX 66015, HIGHVELD EXTENSION 7, 0169

Current Tel Number

0119612700

Cell number

0789752238

Shareholding/Membership

0.00

 

Principal's Adverse - No information on record

 

Business Information for CHAD FRANCIS

 

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

CHEMIPOL

SOLUTIONS

(PTY)LTD

M1999/002078/07

In Business

15 Years 3 Months

0

No

 

G P J REPAIRS CC

B1996/041447/23

In Business

18 Years 6 Months

0

No

 

PERFORMANCE COLOUR SYSTEMS (PTY)LTD

M1969/010925/07

In Business

45 Years 9 Months

0

No

 

POLYMER COLOUR SYSTEMS (PTY)LTD

M2002/000885/07

In Business

0

0

No

 

SPEED BIRD INVESTMENT HOLDINGS (PTY)LTD

M2000/015557/07

In Business

14 Years 2 Months

0

No

 

WAVELENGTHS 1348 CC

B2003/084635/23

In Business

11 Years 11 Months

0

No

 

 

Principal Previous Business Interests

 

Average Age of Previous Business                                                           10 Years

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

BAHIT IL BAHIR CC

B1997/015176/23

Deregistration Final

17 Years 5 Months

0

No

 

GPJ SERVICES CC

B1994/042613/23

Deregistration Final

20 Years 8 Months

0

No

 

J D DE JONG

INVESTMENTS

(PTY)LTD

M1978/001317/07

Voluntary Liquidation

 

0

Yes

 

TIGRUS PROPERTY MANAGEMENT CC

B2004/020278/23

Deregistration Final

9 Years 9 Months

0

No

 

UNIWORKS CONSTRUCTION CC

B2006/018028/23

Deregistration Process

7 Years 7 Months

0

No

 

 

Principal Deeds Information

 

Property Interests for CHAD FRANCIS

Title Deed No.

T114876/2001

Erf/Site No.

 

Deeds Office

PRETORIA

Physical Address

49 VILLAGE IRENE CENTURION

Property Type

Freehold

Extent / Size

701.0SQM

Purchase Date

2001/05/22

Purchase price

 

% Ownership

0.00

Bond Holder

SAAMBOU BANK LTD

Bond Number

B764842001

Bond Amount

 

 

Property Interests for CHAD FRANCIS

Title Deed No.

ST130537/2006

Erf/Site No.

26,53

Deeds Office

PRETORIA

Physical Address

 

Property Type

Sectional Title

Extent / Size

103.0SQM

Purchase Date

2005/10/09

Purchase price

 

% Ownership

0.00

Bond Holder

FIRSTRAND BANK LTD

Bond Number

SB1645252006

Bond Amount

 

 


 

Property Interests for CHAD FRANCIS

Title Deed No.

ST130537/2006

Erf/Site No.

26,53

Deeds Office

PRETORIA

Physical Address

 

Property Type

Sectional Title

Extent / Size

11.0SQM

Purchase Date

2005/10/09

Purchase price

 

% Ownership

0.00

Bond Holder

FIRSTRAND BANK LTD

Bond Number

SB1645252006

Bond Amount

 

 

Principal - 5 of 9 PHILLIPPE LAGESSE

 

Surname

LAGESSE

First Name

PHILLIPPE

ID Number

4811295174102

Verified ID Number

Yes

Current Age

65 Years 6 Months

Designation

DIRECTOR

Status

Active

Appointment Date

2007/03/01

Physical Address (at time of Appointment)

P O BOX 804, KEMPTON PARK, 1620

Postal Address

P O BOX 804, KEMPTON PARK, 1620

Current Tel Number

0119612700

Cell number

0837036392

Shareholding/Membership

0.00

 

Principal's Adverse - No information on record

 

Business Information for PHILLIPPE LAGESSE

 

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

PERFORMANCE COLOUR SYSTEMS (PTY)LTD

M1969/010925/07

In Business

45 Years 9 Months

0

No

 

POLYMER COLOUR SYSTEMS (PTY)LTD

M2002/000885/07

In Business

0

0

No

 

 


Principal Previous Business Interests

 

Average Age of Previous Business                                                           22 Years

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

BECHARD LAGESSE IMPORTERS AND EXPORTERS (PTY)LTD

M1983/008770/07

Deregistration Final

31 Years 7 Months

0

No

 

ERF 5491 BRYANSTON EXT 85 CC

B1999/022286/23

Deregistration Final

15 Years 3 Months

0

No

 

MOKAIKAI SITE 43 CC

B2001/029223/23

In Business

13 Years 1 Months

0

No

 

TIATRID AGENCIES CC

B1987/012135/23

Deregistration Final

27 Years 3 Months

0

No

 

VACUTRONICS CC

B1986/021576/23

Conversion CO/CC or CC/CO

28 Years 4 Months

0

No

 

 

Principal Deeds Information

 

Property Interests for PHILLIPPE LAGESSE

 

Title Deed No.

T32402/2011

Erf/Site No.

 

Deeds Office

PRETORIA

Physical Address

HYDE PARK SANDTON

Property Type

Freehold

Extent / Size

2050.0SQM

Purchase Date

2011/03/21

Purchase price

 

% Ownership

0.00

Bond Holder

 

Bond Number

K28291977S

Bond Amount

 

 

Principal - 6 of 9 ALFRED MC CREADIE

 

Surname

MC CREADIE

First Name

ALFRED

ID Number

4810175096088

Verified ID Number

Yes

Current Age

65 Years 7 Months

Designation

DIRECTOR

Status

Active

Appointment Date

2007/03/01

Physical Address (at time of Appointment)

107 KLOOF ROAD, BEDFORDVIEW, 2001

Postal Address

P.O. BOX 2685, EDENVALE, 1609

Current Tel Number

0113724600

Cell number

0823300078

Shareholding/Membership

0.00

 

Principal's Adverse - No information on record

 

Business Information for ALFRED MC CREADIE

 

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

ALGLAN

PROPERTIES

(PTY)LTD

M1988/000713/07

In Business

26 Years 2 Months

0

No

 

FURSALVUS

TECHNOLOGIES

(PTY)LTD

M2005/024319/07

In Business

9 Years 9 Months

0

No

 

HI-TECH INKS (PTY)LTD

M1989/007131/07

In Business

25 Years 1 Months

0

No

 

KANNAR CC

B2000/000632/23

In Business

14 Years 2 Months

0

No

 

KANNAR EARTH SCIENCE (PTY)LTD

M2005/029268/07

In Business

9 Years 9 Months

0

No

 

LIQUID COLOURS (PTY)LTD

M1992/005516/07

In Business

22 Years 10 Months

0

No

 

PERFORMANCE COLOUR SYSTEMS (PTY)LTD

M1969/010925/07

In Business

45 Years 9 Months

0

No

 

POLYMER COLOUR SYSTEMS (PTY)LTD

M2002/000885/07

In Business

0

0

No

 

SPEED BIRD INVESTMENT HOLDINGS (PTY)LTD

M2000/015557/07

In Business

14 Years 2 Months

0

No

 

STAND 17 FOUNDERS HILL (PTY)LTD

M1995/007504/07

In Business

19 Years 7 Months

0

No

 

STAND 18 FOUNDERS HILL (PTY)LTD

M1995/007520/07

In Business

19 Years 7 Months

0

No

 

STAND 28 FOUNDERS HILL (PTY)LTD

M2007/009032/07

In Business

7 Years 7 Months

0

No

 

STAND 79 FOUNDERS HILL (PTY)LTD

M1995/007503/07

In Business

19 Years 7 Months

0

No

 

 

Principal Previous Business Interests

 

Average Age of Previous Business                                                                 12 Years

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

CHEMIPOL SOLUTIONS (PTY)LTD

M1999/002078/07

In Business

15 Years 3 Months

0

No

 

CHEMIPOL TRADING (NATAL) (PTY)LTD

M1999/002082/07

Deregistration Process

15 Years 3 Months

0

No

 

ELIXIR CONCEPTS (PTY)LTD

M2006/020275/07

In Business

8 Years 8 Months

0

No

 

ELIXIR CONCEPTS -BAKER STREET (PTY)LTD

M2007/009205/07

In Business

7 Years 7 Months

0

No

 

ELIXIR CONCEPTS -EAST RAND MALL (PTY)LTD

M2008/012828/07

In Business

6 Years 6 Months

0

No

 

ELIXIR CONCEPTS -GREENSTONE MALL (PTY)LTD

M2007/011911/07

In Business

7 Years 7 Months

0

No

 

ELIXIR CONCEPTS -MONTE CASINO (PTY)LTD

M2007/009476/07

In Business

7 Years 7 Months

0

No

 

ELIXIR CONCEPTS -VILLAGE VIEW (PTY)LTD

M2007/009034/07

In Business

7 Years 7 Months

0

No

 

HI-TECH INKS CAPE (PTY)LTD

M1998/019845/07

Deregistration Final

16 Years 4 Months

0

No

 

HI-TECH INKS DURBAN (PTY)LTD

M1999/015084/07

Deregistration Final

15 Years 3 Months

0

No

 

HI-TECH INKS GAUTENG (PTY)LTD

M1999/023794/07

Deregistration Final

15 Years 3 Months

0

No

 

LUSITANA WINE AND OLIVE OIL (PTY)LTD

M1996/015522/07

Deregistration Process

18 Years 6 Months

0

No

 

MC CREADIE FAMILY INVESTMENTS CC

B1991/028816/23

Dissolved

23 Years 11 Months

0

No

 

TOLLCHEM (PTY)LTD

M1997/001063/07

Deregistration Final

17 Years 5 Months

0

No

 

TOPAZ ADHESIVES AND COATINGS (PTY)LTD

M1999/025909/07

Deregistration Process

15 Years 3 Months

0

No

 

UNIT 107 COZUMEL

INVESTMENTS

(PTY)LTD

M1999/024935/07

In Business

15 Years 3 Months

0

No

 

MIDNIGHT STORM INVESTMENTS 19 (PTY)LTD

M2003/024697/07

In Business

10 Years 10 Months

0

No

 

MIDNIGHT STORM INVESTMENTS 36 (PTY)LTD

M2003/025889/07

Deregistration Final

10 Years 10 Months

0

No

 

 

Principal Deeds Information

 

Property Interests for ALFRED MC CREADIE

 

Title Deed No.

T9930/1999

Erf/Site No.

0

Deeds Office

PRETORIA

Physical Address

118 CENTURION EAST CENTURION GOLF ESTATE CENTURION

Property Type

Freehold

Extent / Size

706.0SQM

Purchase Date

1998/11/11

Purchase price

 

% Ownership

0.00

Bond Holder

ABSA BANK LTD

Bond Number

B54851999

Bond Amount

 

 

Principal - 7 of 9 GRAHAM GEORGE

 

Surname

GEORGE

First Name

GRAHAM

Other Names

PALMER

ID Number

5009055118018

Verified ID Number

Yes

Current Age

63 Years 8 Months

Designation

DIRECTOR

Status

Active

Appointment Date

2007/03/01

Physical Address (at time of Appointment)

22 LIEBENBERG STR, CONSTANAI KLOOF, 0000

Postal Address

PO BOX 3405, EDENVALE, 1610

Current Tel Number

0314650601

Cell number

0844400020

Shareholding/Membership

0.00

 


Principal's Adverse - No information on record

 

Business Information for GRAHAM GEORGE

 

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

CHEMIPOL

SOLUTIONS

(PTY)LTD

M1999/002078/07

In Business

15 Years 3 Months

0

No

 

HI-TECH INKS (PTY)LTD

M1989/007131/07

In Business

25 Years 1 Months

0

No

 

HI-TECH INKS

HOLDINGS

(PTY)LTD

M2010/005116/07

In Business

4 Years 4 Months

0

No

 

JICAMA 318 (PTY)LTD

2010/005131/07

In Business

4 Years 4 Months

0

No

 

KANNAR CC

B2000/000632/23

In Business

14 Years 2 Months

0

No

 

METALVUOTO PACK SOUTH AFRICA (PTY)LTD

M1997/006389/07

In Business

17 Years 5 Months

0

No

 

PERFORMANCE COLOUR SYSTEMS (PTY)LTD

M1969/010925/07

In Business

45 Years 9 Months

0

No

 

POLYMER COLOUR SYSTEMS (PTY)LTD

M2002/000885/07

In Business

0

0

No

 

STAND 28 FOUNDERS HILL (PTY)LTD

M2007/009032/07

In Business

7 Years 7 Months

0

No

 

TOPAZ INKS (PTY)LTD

M1984/004550/07

Conversion CO/CC or CC/CO

30 Years 6 Months

0

No

 

UNIT 107 COZUMEL INVESTMENTS (PTY)LTD

M1999/024935/07

In Business

15 Years 3 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

C P S CHEMICALS (PTY)LTD

M1993/002289/07

In Business

21 Years 9 Months

0

No

 

HI-TECH INKS CAPE (PTY)LTD

M1998/019845/07

Deregistration Final

16 Years 4 Months

0

No

 

HI-TECH INKS DURBAN (PTY)LTD

M1999/015084/07

Deregistration Final

15 Years 3 Months

0

No

 

HI-TECH INKS GAUTENG (PTY)LTD

M1999/023794/07

Deregistration Final

15 Years 3 Months

0

No

 

KANNAR EARTH SCIENCE (PTY)LTD

M2005/029268/07

In Business

9 Years 9 Months

0

No

 

LIQUID COLOURS (PTY)LTD

M1992/005516/07

In Business

22 Years 10 Months

0

No

 

LUSITANA WINE AND OLIVE OIL (PTY)LTD

M1996/015522/07

Deregistration Process

18 Years 6 Months

0

No

 

PPM CHEMICALS (PTY)LTD

M2000/001109/07

Deregistration Final

14 Years 2 Months

0

No

 

SPEED BIRD INVESTMENT HOLDINGS (PTY)LTD

M2000/015557/07

In Business

14 Years 2 Months

0

No

 

STAND 17 FOUNDERS HILL (PTY)LTD

M1995/007504/07

In Business

19 Years 7 Months

0

No

 

STAND 18 FOUNDERS HILL (PTY)LTD

M1995/007520/07

In Business

19 Years 7 Months

0

No

 

STAND 79 FOUNDERS HILL (PTY)LTD

M1995/007503/07

In Business

19 Years 7 Months

0

No

 

TOPAZ ADHESIVES AND COATINGS (PTY)LTD

M1999/025909/07

Deregistration Process

15 Years 3 Months

0

No

 

 

Principal Deeds Information

 

Property Interests for GRAHAM GEORGE

 

Title Deed No.

T84500/2007

Erf/Site No.

 

Deeds Office

PRETORIA

Physical Address

6 BAILEY MIDSTREAM ESTATE OLIFANTSFONTEIN

Property Type

Freehold

Extent / Size

1050.0SQM

Purchase Date

2007/01/26

Purchase price

 

% Ownership

0.00

Bond Holder

NEDBANK LTD

Bond Number

B1052312007

Bond Amount

 

 

Principal - 8 of 9 ALLAN PETERS

 

Surname

PETERS

First Name

ALLAN

ID Number

4402265072086

Verified ID Number

Yes

Current Age

70 Years 3 Months

Designation

DIRECTOR

Status

Active

Appointment Date

2007/03/01

Physical Address (at time of Appointment)

STAND 369 EMERALD CORNER, EMERALD ESTATE, GREENSTONE HILL, MODDERFONTEIN, 2065

Postal Address

P O BOX 2685, EDENVALE, 1609

Shareholding/Membership

0.00

 

Principal's Adverse - No information on record

 

Business Information for ALLAN PETERS

 

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

ALGLAN

PROPERTIES

(PTY)LTD

M1988/000713/07

In Business

26 Years 2 Months

0

No

 

CHEMIPOL

SOLUTIONS

(PTY)LTD

M1999/002078/07

In Business

15 Years 3 Months

0

No

 

FURSALVUS

TECHNOLOGIES

(PTY)LTD

M2005/024319/07

In Business

9 Years 9 Months

0

No

 

HI-TECH INKS (PTY)LTD

M1989/007131/07

In Business

25 Years 1 Months

0

No

 

KANNAR CC

B2000/000632/23

In Business

14 Years 2 Months

0

No

 

KANNAR EARTH SCIENCE (PTY)LTD

M2005/029268/07

In Business

9 Years 9 Months

0

No

 

LIQUID COLOURS (PTY)LTD

M1992/005516/07

In Business

22 Years 10 Months

0

No

 

PERFORMANCE COLOUR SYSTEMS (PTY)LTD

M1969/010925/07

In Business

45 Years 9 Months

0

No

 

POLYMER COLOUR SYSTEMS (PTY)LTD

M2002/000885/07

In Business

0

0

No

 

ROYAL PALM

HOMEOWNERS

ASSOCIATION

M1996/011968/08

Deregistration Process

18 Years 6 Months

0

No

 

SPEED BIRD INVESTMENT HOLDINGS (PTY)LTD

M2000/015557/07

In Business

14 Years 2 Months

0

No

 

STAND 17 FOUNDERS HILL (PTY)LTD

M1995/007504/07

In Business

19 Years 7 Months

0

No

 

STAND 18 FOUNDERS HILL (PTY)LTD

M1995/007520/07

In Business

19 Years 7 Months

0

No

 

STAND 28 FOUNDERS HILL (PTY)LTD

M2007/009032/07

In Business

7 Years 7 Months

0

No

 

STAND 79 FOUNDERS HILL (PTY)LTD

M1995/007503/07

In Business

19 Years 7 Months

0

No

 

 

Principal Previous Business Interests

 

Average Age of Previous Business                                                           15 Years

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

CHEMIPOL TRADING (NATAL) (PTY)LTD

M1999/002082/07

Deregistration Process

15 Years 3 Months

0

No

 

HI-TECH INKS CAPE (PTY)LTD

M1998/019845/07

Deregistration Final

16 Years 4 Months

0

No

 

HI-TECH INKS DURBAN (PTY)LTD

M1999/015084/07

Deregistration Final

15 Years 3 Months

0

No

 

HI-TECH INKS GAUTENG (PTY)LTD

M1999/023794/07

Deregistration Final

15 Years 3 Months

0

No

 

KANNAR BIO -

TECHNOLOGIES

(PTY)LTD

M2007/019978/07

Deregistration Final

7 Years 7 Months

0

No

 

LUSITANA WINE AND OLIVE OIL (PTY)LTD

M1996/015522/07

Deregistration Process

18 Years 6 Months

0

No

 

TOLLCHEM (PTY)LTD

M1997/001063/07

Deregistration Final

17 Years 5 Months

0

No

 

TOPAZ ADHESIVES AND COATINGS (PTY)LTD

M1999/025909/07

Deregistration Process

15 Years 3 Months

0

No

 

UNIT 107 COZUMEL

INVESTMENTS

(PTY)LTD

M1999/024935/07

In Business

15 Years 3 Months

0

No

 

WATERFORD ESTATE

HOMEOWNERS

ASSOCIATION

M1996/005224/08

In Business

17 Years 5 Months

0

No

 

 

Principal Deeds Information

 

Property Interests for ALLAN PETERS

Title Deed No.

T96021/2002

Erf/Site No.

 

Deeds Office

PRETORIA

Physical Address

 

Property Type

Farms

Extent / Size

1.21H

Purchase Date

2002/05/20

Purchase price

 

% Ownership

0.00

Bond Holder

 

Bond Number

 

Bond Amount

 

 

Property Interests for ALLAN PETERS

Title Deed No.

T36433/2005

Erf/Site No.

 

Deeds Office

PRETORIA

Physical Address

EMERALD ESTATE JOHANNESBURG

Property Type

Freehold

Extent / Size

640.0SQM

Purchase Date

2003/10/01

Purchase price

 

% Ownership

0.00

Bond Holder

ABSA BANK LTD

Bond Number

B398582005

Bond Amount

 

 

Principal - 9 of 9 GLENN PETERS

 

Surname

PETERS

First Name

GLENN

ID Number

4509105081000

Verified ID Number

Yes

Current Age

68 Years 8 Months

Designation

DIRECTOR

Status

Active

Appointment Date

2007/03/01

Physical Address (at time of Appointment)

24 CANTERBURG CRESCENT, GALLO MANOR, SANDTON, 2052

Postal Address

P O BOX 3405, EDENVALE, 1610

Current Tel Number

0112734600

Cell number

0835567249

Shareholding/Membership

0.00

 


 

Principal's Adverse - No information on record

 

Business Information for GLENN PETERS

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

PERFORMANCE COLOUR SYSTEMS (PTY)LTD

M1969/010925/07

In Business

45 Years 9 Months

0

No

 

POLYMER COLOUR SYSTEMS (PTY)LTD

M2002/000885/07

In Business

0

0

No

 

 

Principal Previous Business Interests

 

Average Age of Previous Business                                                                       16 Years

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

C P S CHEMICALS (PTY)LTD

M1993/002289/07

In Business

21 Years 9 Months

0

No

 

CHEMIPOL SOLUTIONS (PTY)LTD

M1999/002078/07

In Business

15 Years 3 Months

0

No

 

CHEMIPOL TRADING (NATAL) (PTY)LTD

M1999/002082/07

Deregistration Process

15 Years 3 Months

0

No

 

HI-TECH INKS (PTY)LTD

M1989/007131/07

In Business

25 Years 1 Months

0

No

 

HI-TECH INKS CAPE (PTY)LTD

M1998/019845/07

Deregistration Final

16 Years 4 Months

0

No

 

HI-TECH INKS DURBAN (PTY)LTD

M1999/015084/07

Deregistration Final

15 Years 3 Months

0

No

 

HI-TECH INKS GAUTENG (PTY)LTD

M1999/023794/07

Deregistration Final

15 Years 3 Months

0

No

 

JANBARCO EIENDOMME CC

B1995/038434/23

In Business

19 Years 7 Months

0

No

 

KANNAR CC

B2000/000632/23

In Business

14 Years 2 Months

0

No

 

KANNAR EARTH SCIENCE (PTY)LTD

M2005/029268/07

In Business

9 Years 9 Months

0

No

 

LEBOLOBOLO GAME FARM CC

B1996/049428/23

In Business

18 Years 6 Months

0

No

 

LIQUID COLOURS (PTY)LTD

M1992/005516/07

In Business

22 Years 10 Months

0

No

 

LUSITANA WINE AND OLIVE OIL (PTY)LTD

M1996/015522/07

Deregistration Process

18 Years 6 Months

0

No

 

SPEED BIRD INVESTMENT HOLDINGS (PTY)LTD

M2000/015557/07

In Business

14 Years 2 Months

0

No

 

STAND 17 FOUNDERS HILL (PTY)LTD

M1995/007504/07

In Business

19 Years 7 Months

0

No

 

STAND 18 FOUNDERS HILL (PTY)LTD

M1995/007520/07

In Business

19 Years 7 Months

0

No

 

STAND 28 FOUNDERS HILL (PTY)LTD

M2007/009032/07

In Business

7 Years 7 Months

0

No

 

STAND 79 FOUNDERS HILL (PTY)LTD

M1995/007503/07

In Business

19 Years 7 Months

0

No

 

TOLLCHEM (PTY)LTD

M1997/001063/07

Deregistration Final

17 Years 5 Months

0

No

 

TOPAZ ADHESIVES AND COATINGS (PTY)LTD

M1999/025909/07

Deregistration Process

15 Years 3 Months

0

No

 

UNIT 107 COZUMEL

INVESTMENTS

(PTY)LTD

M1999/024935/07

In Business

15 Years 3 Months

0

No

 

 

 


FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.59.99

UK Pound

1

Rs.101.75

Euro

1

Rs.83.48

 

 

INFORMATION DETAILS

 

Analysis Done by :

RAS

 

 

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.