|
Report Date : |
24.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
SUPRA LATEX (PTY) LTD |
|
|
|
|
Registered Office : |
Block B, MSI Business Park, 68 Rigger Road, Spartan Kempton Park, P.O. Box 178 ISANDO1600 |
|
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Country : |
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|
|
|
Date of Incorporation : |
28.09.2007 |
|
|
|
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Com. Reg. No.: |
2007/027848/07 |
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|
|
|
Legal Form : |
Private Company |
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|
|
|
Line of Business : |
Wholesale of Medical Goods. |
|
|
|
|
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 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
South Africa |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
SOUTH AFRICA - 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 |
SUPRA
LATEX (PTY) LTD |
|
Country |
South
Africa |
|
Subject
Contact Person |
KUMARI
- ACCOUNTANT |
|
Assessment |
This is
an established business. On investigation we made contact with the subject and
we were referred to the accountant Mrs KUMARI who has requested that we send
her the questionnaire. When we followed up on the questionnaire MRS KUMARI
has stated that she requires more time to complete the questionnaire. We
await further information for the subject. The name provided namely
ACCONTASUPRA LATEX (PTY) LTD refers to the accounts department of SUPRA LATEX
(PTY) LTD on which the report was provided on. Please see the available
information for the subject below. |
|
Registered
Name |
SUPRA
LATEX (PTY)LTD |
|
Trading
as/ Division Name |
SUPRA
LATEX |
|
Previous
Name |
|
|
Date
of Name Change |
|
|
Registration
Number |
2007/027848/07 |
|
Registration
Date |
2007/09/28 |
|
Date
Commenced Trading |
2007-09-28 |
|
Age
of Business |
4
Years 11 Months |
|
History
of Business |
The
company was conceived and established to enable modern healthcare to be
available to healthcare sector at affordable price. This unique philosophy
has been the driving force behind the company since its inception in 1985.
Today it has grown into one of the most dynamically versatile manufacturer
and distributor of disposable healthcare products in the region with a wide
array of products. |
|
History
of Principals |
There
are currently 6 Active Directors Within the subject. |
|
Shareholders/Members/Partners
of subject and % holding |
|
|
Authorised
Share Capital |
R
0.00 |
|
Issued
Share Capital/Members Contribution |
R
0.00 |
|
Status |
In
Business |
|
Operations
Assessment |
Wholesale
of medical Goods |
|
Industry/
Customers |
The
Government |
|
Export |
|
|
Export
Countries |
|
|
Import |
|
|
Import
Countries |
|
|
Major
Industry Code / SICC |
61394 |
|
Definition
of Code |
|
|
Head
Office Physical Address |
Block
B, MSI Business Park68 Rigger RoadSpartanKempton Park |
|
Head
Office Postal Address |
P.O.
Box 178ISANDO1600 |
|
Current
Tel Number |
0119753697 |
|
Cell
Number |
0119755609 |
|
Current
Fax Number |
|
|
Current
Email Address |
|
|
Web
Site Address |
|
|
Comments |
|
|
Company
Registered Name |
KPA
AUDIT GROUP |
||||
|
Trading
Name |
|
||||
|
Registration
Number |
|
||||
|
Physical
Address |
North
RdDunkeld West ExtsSandton |
||||
|
Postal
Address |
|
||||
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Contact
Person |
|
||||
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Contact
Number |
0114470415 |
||||
|
Email |
|
||||
|
Principals |
|
||||
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Judgements
Against Subject |
|
||||
|
Judgements
Against Principals |
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||||
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Subject
Verified as Client |
Yes |
||||
|
Practice
Number |
9900399 |
||||
|
VAT
Number |
|
||||
|
Tax
Number |
|
||||
|
BEE
Status |
|
||||
|
Financial
Year End |
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||||
|
No
of years in Business |
|
||||
|
Website |
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||||
|
Comment |
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||||
|
Previous
Auditors |
|||||
|
Company Name |
Phone Number |
Time
with previous auditors |
Comment |
|
|
|
JACK LEON LURIE |
|
|
|
|
|
|
Vat
Number |
4220116349 |
|
Status |
ACTIVE |
|
Vat
Liable Date |
1991/09/30 |
|
Tax
Number |
9589256842 |
|
Tax
Clearance Expire Date |
|
|
Financial
Year End |
February |
|
Comment |
|
Black
Economic Empowerment Information - No Information on Record
ISO
Information - No Information on Record
Work Mans
Information - No Information on Record
Subsidiaries
Information - No Information on Record
Employees
Information - No Information on Record
Company
Fleet Information - No Information on Record
Offices Information
- No Information on Record
Branch
Information - No Information on Record
Organizational
Chart - No In formation on Record
Company
Structure Information - No Information on Record
Note: One
level up and all levels down
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 |
6 |
|
Average
Age of Active Principals |
45 |
|
Active
Principals Active Principal - 1 of 6 VIBHA DESAI |
|
|
Surname |
DESAI |
|
First
Name |
VIBHA |
|
Other
Names |
|
|
Marital
Status |
|
|
ID
Number |
7202020202082 |
|
Verified
ID Number |
|
|
Current
Age |
40 |
|
Designation |
DIRECTOR |
|
Status |
Active |
|
Appointment
Date |
2010/09/15 |
|
Physical
Address (at time of Appointment) |
16
KOORSBOOM STREET, WINCHESTER HILLS, JOHANNESBURG, 2091 |
|
Postal
Address |
P
O BOX 42184, FORDSBURG, 2033 |
|
Current
Tel Number |
0119753697 |
|
Cell
number |
|
|
Shareholding/Membership |
0.0000 |
Principal’s Adverse –
No Information on Record
Business
Information for VIBHA DESAI
Principal's
Current Business Interests - No information on record
Principal's
Previous Business Interests - No information on record
Principal's
Deeds Information - No information on record
Active Principal - 2 of 6
MICHELLE SHERE MICHELLE SHEREEN
KENNETH
|
Surname |
MICHELLE
SHEREEN KENNETH |
|
First
Name |
MICHELLE
SHERE |
|
Other
Names |
|
|
Marital
Status |
Married |
|
ID
Number |
7106101515086 |
|
Verified
ID Number |
Yes |
|
Current
Age |
41 |
|
Designation |
DIRECTOR |
|
Status |
Active |
|
Appointment
Date |
2008/05/14 |
|
Physical
Address (at time of Appointment) |
41
15TH STREET, RIVER CLUB, SANDTON, 2199 |
|
Postal
Address |
P
O BOX 777, KELVIN, Gauteng, 2054 |
|
Current
Tel Number |
0119753694 |
|
Cell
number |
0791409275 |
|
Shareholding/Membership |
0.0000 |
Principal’s Adverse –
No Information on Record
Business
Information for VIBHA DESAI
Principal's
Current Business Interests - No information on record
Principal's
Previous Business Interests - No information on record
Principal's
Deeds Information - No information on record
Active Principal - 3 of 6
SUKETU NAIK
|
Surname |
NAIK |
|
First
Name |
SUKETU |
|
Other
Names |
|
|
Marital
Status |
|
|
ID
Number |
AN213598 |
|
Verified
ID Number |
No |
|
Current
Age |
Unknown |
|
Designation |
VETERINARIAN |
|
Status |
Active |
|
Appointment
Date |
2007/09/29 |
|
Physical
Address (at time of Appointment) |
3
OAKHURST, 2 WESTBROOKE PLACE, STRATHAVON, Gauteng, 2196 |
|
Postal
Address |
P
O BOX 777, KELVIN, Gauteng, 2054 |
|
Current
Tel Number |
|
|
Cell
number |
|
|
Shareholding/Membership |
0.0000 |
Principal’s Adverse –
No Information on Record
Business
Information for VIBHA DESAI Principal's Current Business Interests - No
information on record
Principal's
Previous Business Interests - No information on record
Principal's
Deeds Information - No information on record
Active Principal - 4 of 6
SUKETHU NAIK
|
Surname |
NAIK |
|
First
Name |
SUKETHU |
|
Other
Names |
|
|
Marital
Status |
|
|
ID
Number |
6702170000000 |
|
Verified
ID Number |
No |
|
Current
Age |
45 |
|
Designation |
VETERINARIAN |
|
Status |
Active |
|
Appointment
Date |
2007/09/29 |
|
Physical
Address (at time of Appointment) |
3
OAKHURST 2 WESTBROOKE PLACE, STRATHAVON, 2196 |
|
Postal
Address |
P
O BOX 22, MUTARE, ZIMBABWE, 0000 |
|
Current
Tel Number |
0119753697 |
|
Cell
number |
|
|
Shareholding/Membership |
0.0000 |
Principal’s Adverse –
No Information on Record
Business Information
for VIBHA DESAI Principal's Current Business Interests - No information on
record
Principal's
Previous Business Interests - No information on record
Principal's
Deeds Information - No information on record
Active Principal - 5 of 6
VIRKRAMKUR NAIK
|
Surname |
NAIK |
|
First
Name |
VIRKRAMKUR |
|
Other
Names |
|
|
Marital
Status |
|
|
ID
Number |
6208230000000 |
|
Verified
ID Number |
No |
|
Current
Age |
50 |
|
Designation |
ANESTHETIST |
|
Status |
Active |
|
Appointment
Date |
2007/09/28 |
|
Physical
Address (at time of Appointment) |
NO
3 OAKHURST, 2 WESTBROOK PLACE, SANDOWN, JOHANNESBURG, 2148 |
|
Postal
Address |
P
O BOX 777, KELVIN, Gauteng, 2054 |
|
Current
Tel Number |
0119753697 |
|
Cell
number |
|
|
Shareholding/Membership |
0.0000 |
Principal’s Adverse –
No Information on Record
Business
Information for VIBHA DESAI
Principal's
Current Business Interests - No information on record
Principal's
Previous Business Interests - No information on record
Principal's
Deeds Information - No information on record
Active Principal - 6 of 6
VIKRAMKUMAR NAIK
|
Surname |
NAIK |
|
First
Name |
VIKRAMKUMAR |
|
Other
Names |
|
|
Marital
Status |
|
|
ID
Number |
AN553552 |
|
Verified
ID Number |
No |
|
Current
Age |
50 |
|
Designation |
|
|
Status |
Active |
|
Appointment
Date |
2006/11/28 |
|
Physical
Address (at time of Appointment) |
3
OAKHURST, 2 WESTBROOKE PLACE, STRATHAVON, 2146 |
|
Postal
Address |
P
O BOX 777, KELVIN, 2054 |
|
Current
Tel Number |
0119753697 |
|
Cell
number |
|
|
Shareholding/Membership |
1.0000 |
Principal’s Adverse –
No Information on Record
Business
Information for VIBHA DESAI
Principal's
Current Business Interests - No information on record
Principal's
Previous Business Interests - No information on record
Principal's
Deeds Information - No information on record
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.87 |
|
|
1 |
Rs.99.63 |
|
Euro |
1 |
Rs.78.23 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
TPT |
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.