|
Report Date : |
15.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
Express Petroleum CC |
|
|
|
|
Registered Office : |
Cambridge
Goods Yard, Western Avenue, East London, 5200 P O Box 14019, Wesbank, 5218 |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
29.01.2007 |
|
|
|
|
Com. Reg. No.: |
B2007/017511/23 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
The subject operates as a fuel transporter for distribution of petrol and lubrication products. |
|
|
|
|
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 |
|
|
|
|
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 01, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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 Korea over the past four decades has demonstrated incredible growth and global integration to become a high-tech industrialized economy. In the 1960s, GDP per capita was comparable with levels in the poorer countries of Africa and Asia. In 2004, South Korea joined the trillion-dollar club of world economies, and is currently the world's 12th largest economy. Initially, a system of close government and business ties, including directed credit and import restrictions, made this success possible. The government promoted the import of raw materials and technology at the expense of consumer goods, and encouraged savings and investment over consumption. The Asian financial crisis of 1997-98 exposed longstanding weaknesses in South Korea's development model including high debt/equity ratios and massive short-term foreign borrowing. GDP plunged by 6.9% in 1998, and then recovered by 9% in 1999-2000. South Korea adopted numerous economic reforms following the crisis, including greater openness to foreign investment and imports. Growth moderated to about 4% annually between 2003 and 2007. South Korea's export focused economy was hit hard by the 2008 global economic downturn, but quickly rebounded in subsequent years, reaching 6.3% growth in 2010. The US-Korea Free Trade Agreement was ratified by both governments in 2011 and went into effect in March 2012. Throughout 2012 and 2013 the economy experienced sluggish growth because of market slowdowns in the United States, China, and the Eurozone. The administration in 2014 is likely to face the challenge of balancing heavy reliance on exports with developing domestic-oriented sectors, such as services. The South Korean economy's long term challenges include a rapidly aging population, inflexible labor market, dominance of large conglomerates (chaebols), and heavy reliance on exports, which comprise about half of GDP.
|
Source
: CIA |
|
Subject
Name |
EXPRESS
PETROLEUM CC |
|
Country |
South
Africa |
|
Subject
Contact Person |
JULIET
- FINANCIAL MANAGER |
|
Assessment |
On
investigation contact was made with JULIET thefinancial
manager who declined to assist with the required information. The subject
declined on the basis of the principal enquirer be revealed before any
information may be divulged. The subject further requested that the principal
enquirer make contact with the company directly. Please see the available
information obtained below. |
|
Registered
Name |
EXPRESS
PETROLEUM CC |
|
Trading
as/ Division Name |
EXPRESS
PETROLEUM |
|
Previous
Name |
Unavailable |
|
Date
of Name Change |
1996-11-05 |
|
Registration
Number |
B2007/017511/23 |
|
Registration
Date |
2007/01/29 |
|
Date
Commenced Trading |
2007-01-29 |
|
Age
of Business |
7
Years 8 Months |
|
History
of Business |
The
subject is in operation for the past 7 Years and 8 Months. |
|
History
of Principals |
There
are 4 active members within the business. |
|
Shareholders/Members/Partners
of subject and % holding |
13
% - CAREL NOMAWONGA MANZANA, 13 % - MOTE ISHMAEL NCHOLU, 56 % - RUSSELS
RUTTER WELLS, 18 % - ADRIAN JORDAN PRICE THE BRISABEL TRUST/IT2146/9 |
|
Authorised
Share Capital |
-- |
|
Issued
Share Capital/Members Contribution |
-- |
|
Status |
In
Business |
|
Operations
Assessment |
The
subject operates as a fuel transporter for distribution of petrol and
lubrication products. |
|
Industry/
Customers |
The
subject offers their services to major fuel and lubrication companies. |
|
Export |
None |
|
Export
Countries |
-- |
|
Import |
None |
|
Import
Countries |
-- |
|
Major
Industry Code / SICC |
33210 |
|
Definition
of Code |
Petrol,
fuel oils, lubricating oils and greases, primarily from crude oil |
|
Head
Office Physical Address |
CAMBRIDGE GOODS
YARD, WESTERN AVENUE, EAST LONDON, 5200 |
|
Head
Office Postal Address |
P
O BOX 14019, WESBANK, 5218 |
|
Current
Tel Number |
0437263022 |
|
Cell
Number |
Unavailable |
|
Current
Fax Number |
0437263238 |
|
Current
Email Address |
Unavailable |
|
Web
Site Address |
|
|
Comments |
-- |
|
Company Registered Name |
A2A KOPANO INC |
|
Trading Name |
A2A KOPANO |
|
Registration Number |
M1998/014078/21 |
|
Physical Address |
15 GEORGE STORRAR DRIVE,
GROENKLOOF, 0181 |
|
Postal Address |
PO BOX 342, GROENKLOOF, 0027 |
|
Contact Person |
JOHAN |
|
Contact Number |
0878025219 |
|
Email |
|
|
Principals |
25 |
|
Judgements
Against Subject |
None On Record |
|
Judgements
Against Principals |
None On Record |
|
Subject Verified as Client |
Yes |
|
Practice Number |
901944 |
|
VAT Number |
4500226792 |
|
Tax Number |
9824016647 |
|
BEE Status |
Yes |
|
Financial Year End |
February |
|
No of years in Business |
16 Years 2 Months |
|
Website |
|
|
Comment |
-- |
|
Vat
Number |
4070140829 |
|
Status |
ACTIVE |
|
Vat
Liable Date |
1993/12/01 |
|
Tax
Number |
9100390047 |
|
Financial
Year End |
February |
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
Organisation Chart
|
Level |
Position |
Name |
Comment |
|
|
|||
|
1 |
Member |
CAREL
NOMAWONGA MANZANA |
|
|
1 |
Member |
MOTE
ISHMAEL NCHOLU |
|
|
1 |
Member |
RUSSELS
RUTTER WELLS |
|
|
1 |
Member |
ADRIAN
JORDAN PRICE |
|
Company Structure (Ownership)
Note: One level up and all levels
down
|
Holding |
Company |
Sub |
Comment |
|
13% - CAREL
NOMAWONGA MANZANA |
Express
Petroleum CC |
|
|
|
13°% - MOTE ISHMAEL NCHOLU |
Express
Petroleum CC |
|
|
|
56% - RUSSELS
RUTTER WELLS |
Express
Petroleum CC |
|
|
|
18% - ADRIAN
JORDAN PRICE THE BRISABEL TRUST/IT2146/9 |
Express
Petroleum CC |
|
|
Key Deals – No Information on Record
Trade References Information – No Information on Record
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 - 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 |
43 |
|
Active Principals Active
Principal - 1 of 4 CAREN
MANZANA |
|
|
Surname |
MANZANA |
|
First
Name |
CAREN |
|
Other
Names |
|
|
Marital
Status |
|
|
ID
Number |
8409130458081 |
|
Verified
ID Number |
No |
|
Current
Age |
30
Years |
|
Designation |
MEMBER |
|
Status |
Active |
|
Appointment
Date |
2013/03/13 |
|
Physical
Address (at time of Appointment) |
60
MGWALANA STREET, NU 6, MOTHERWELL, 6211 |
|
Postal
Address |
P
O BOX 14019, WEST BANK, EAST LONDON, 5218 |
|
Current
Tel Number |
0414862439 |
|
Cell
number |
0737948620 |
|
Shareholding/Membership |
13% |
Principal's Adverse - No information on record
Business Information for CAREN MANZANA
Principal Current Business Interests
|
Company
Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
EXPRESS PETROLEUM
CC |
B2007/017511/23 |
In Business |
7 Years 7 Months |
0 |
No |
|
Active Principal - 2 of 4
MOTEISHMAEL NCHOLU
|
Surname |
NCHOLU |
|
First
Name |
MOTEISHMAEL |
|
Other
Names |
|
|
Marital
Status |
|
|
ID
Number |
6205175074086 |
|
Verified
ID Number |
Yes |
|
Current
Age |
52
Years 4 Months |
|
Designation |
MEMBER |
|
Status |
Active |
|
Appointment
Date |
2013/03/13 |
|
Physical
Address (at time of Appointment) |
18
MILKWOOD ROAD, BRAELYN, EAST LONDON, 5201 |
|
Postal
Address |
P
O BOX 14019, WEST BANK, EAST LONDON, 5218 |
|
Current
Tel Number |
0437263022 |
|
Cell
number |
0826291016 |
|
Shareholding/Membership |
13% |
Business Information for MOTEISHMAEL NCHOLU
Principal Current Business Interests
|
Company
Name |
Registration No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
EXPRESS
PETROLEUM CC |
B2007/017511/23 |
In
Business |
7
Years 7 Months |
0 |
No |
|
|
M
NCHOLU AND FAMILY TRANSPORT CC |
B2002/014890/23 |
Deregistration
Final |
0 |
0 |
No |
|
|
SIDEPOINT TRADING
139 CC |
B2004/048398/23 |
Deregistration
Final |
10
Years 10 Months |
0 |
No |
|
Active Principal - 3 of 4
RUSSELL WELLS
|
Surname |
WELLS |
|
First
Name |
RUSSELL |
|
Other
Names |
|
|
Marital
Status |
|
|
ID
Number |
7402285297083 |
|
Verified
ID Number |
Yes |
|
Current
Age |
40
Years 7 Months |
|
Designation |
MEMBER |
|
Status |
Active |
|
Appointment
Date |
2010/06/07 |
|
Physical
Address (at time of Appointment) |
8
BOWERS STREET, GONUBIE, EAST LONDON, 5247 |
|
Postal
Address |
P
O BOX 14019, WESTBANK, 5218 |
|
Current
Tel Number |
0437312230 |
|
Cell
number |
0834468622 |
|
Shareholding/Membership |
56% |
Principal's Adverse - No information on record
Business Information for RUSSELL WELLS
Principal Current Business Interests
|
Company
Name |
Registration No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
BLACK GINGER 362
CC |
B2006/102296/23 |
In Business |
8
Years 8 Months |
0 |
No |
|
|
BLUEGRASS
TRADING 1085 CC |
B2010/133815/23 |
In Business |
4
Years 4 Months |
0 |
No |
|
|
BUFFALO
CITY LUBRICANTS AND GAS (PTY)LTD |
K2014/099317/07 |
In Business |
0 |
0 |
No |
|
|
COOL IDEAS 1579
CC |
B2010/090901/23 |
In Business |
4
Years 4 Months |
0 |
No |
|
|
EXPRESS
FUELS CC |
B2010/055354/23 |
In Business |
4
Years 4 Months |
0 |
No |
|
|
EXPRESS
PETROLEUM CC |
B2007/017511/23 |
In Business |
7
Years 7 Months |
0 |
No |
|
|
IMONTI TRANSPORT
CC |
B2007/017522/23 |
In Business |
7
Years 7 Months |
0 |
No |
|
|
RICKSHAW
TRADE AND INVEST 94 (PTY)LTD |
M2011/007719/07 |
In Business |
3
Years 3 Months |
0 |
No |
|
|
SIGNAL
OIL CC |
B1997/036170/23 |
In Business |
17
Years 5 Months |
0 |
No |
|
|
SMALLTRADE 11 CC |
B2001/017125/23 |
In Business |
13
Years 1 Months |
0 |
No |
|
|
SX PETROLEUM LTD |
K2012/133857/06 |
In Business |
2
Years 2 Months |
0 |
No |
|
Principal Previous Business Interests
Average Age of Previous Business 4
Years
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
RIO RIDGE 1387 CC |
B2010/099942/23 |
In Business |
4 Years 4 Months |
0 |
No |
|
Active Principal - 4 of 4
ADRIAN PRICE
|
Surname |
PRICE |
|
First
Name |
ADRIAN |
|
Other
Names |
|
|
Marital
Status |
|
|
ID
Number |
6305175011003 |
|
Verified
ID Number |
Yes |
|
Current
Age |
51
Years 4 Months |
|
Designation |
MEMBER |
|
Status |
Active |
|
Appointment
Date |
2007/01/29 |
|
Physical
Address (at time of Appointment) |
NO1
THE CASTLE, DRAKE ROAD, EAST LONDON, Eastern Cape, 5241 |
|
Postal
Address |
P
O BOX 14019, WESTBANK, 5218 |
|
Current
Tel Number |
0437263022 |
|
Cell
number |
0833102148 |
|
Shareholding/Membership |
18% |
Principal's Adverse - No information on record
Business
Information for ADRIAN PRICE
Principal Current Business Interests
|
Company
Name |
Registration No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
BUFFALO CITY LUBRICANTS
AND GAS (PTY)LTD |
K2014/099317/07 |
In
Business |
0 |
0 |
No |
|
|
CAPSTONE
392 (PTY)LTD |
M2002/014591/07 |
Deregistration
Final |
0 |
0 |
No |
|
|
EXPRESS
FUELS CC |
B2010/055354/23 |
In
Business |
4
Years 4 Months |
0 |
No |
|
|
EXPRESS PETROLEUM
CC |
B2007/017511/23 |
In
Business |
7
Years 7 Months |
0 |
No |
|
|
IMONTI TRANSPORT
CC |
B2007/017522/23 |
In
Business |
7
Years 7 Months |
0 |
No |
|
|
PERCEPTIVE
TRADING 6 CC |
B2005/169196/23 |
In
Business |
9
Years 9 Months |
0 |
No |
|
|
RICKSHAW TRADE
AND INVEST 94 (PTY)LTD |
M2011/007719/07 |
In
Business |
3
Years 3 Months |
0 |
No |
|
|
WHOLETRADE
1077 CC |
B2006/102234/23 |
In
Business |
8
Years 8 Months |
0 |
No |
|
Principal
Previous business interests
Average
Age of Previous Business 13
Years
|
Company Name |
Registration No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
BLACK
GINGER 362 CC |
B2006/102296/23 |
In Business |
8
Years 8 Months |
0 |
No |
|
|
MAYIBUYE PETROLEUM
(PTY)LTD |
M2001/002544/07 |
In Business |
13
Years 1 Months |
0 |
No |
|
|
ROPAX
INVESTMENTS 10 CC |
B1998/029174/23 |
In Business |
16
Years 4 Months |
0 |
No |
|
|
SIGNAL
OIL CC |
B1997/036170/23 |
In Business |
17
Years 5 Months |
0 |
No |
|
|
TRAPCOR
INVESTMENTS CC |
B2003/007497/23 |
In Business |
11
Years 11 Months |
0 |
No |
|
Principal
deeds Information
Property
Interests for ADRIAN PRICE
|
Title
Deed No. |
T4465/1996 |
Erf/Site
No. |
26516 |
|
Deeds
Office |
KING
WILLIAMS TOWN |
Physical
Address |
26
QUANZA EAST LONDON |
|
Property
Type |
F |
Extent
/ Size |
382.00000000 |
|
Purchase
Date |
1996/04/18 |
Purchase
price |
R
256400.00 |
|
%
Ownership |
0.00 |
Bond
Holder |
ABSA
BANK LTD |
|
Bond
Number |
B3623A1996 |
Bond
Amount |
R150000.00 |
|
Comment |
|
||
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.84 |
|
UK Pound |
1 |
Rs.98.73 |
|
Euro |
1 |
Rs.78.64 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
NIT |
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.