|
Report Date : |
26.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
L C PACKAGING (PTY)LTD |
|
|
|
|
Registered Office : |
7 |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
20.08.1964 |
|
|
|
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Com. Reg. No.: |
M1964/006271/07 |
|
|
|
|
Legal Form : |
Private company |
|
|
|
|
Line of Business : |
Manufacture of travel
goods and ladies' handbags |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
C |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
Status : |
Deregistration |
|
Payment Behaviour : |
--- |
|
Litigation : |
--- |
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 |
L C
PACKAGING (PTY)LTD |
|
Country |
South
Africa |
|
Account
Review |
Recommended
Every 3 Months |
|
Subject
Contact Person |
KESHAN
KUNI - SENIOR ACCOUNTANT |
|
Assessment |
On investigation contact was made
with KESHAN KUNI the senior accountant, who requested a questionnaire. Several
attempts were made for follow up, however Mr Keshan advised that he is very
busy. we will continue to follow up. We are still awaiting to confirm two of
the directors, and one directors deeds information. The name in question LC
PACKAGING FIBC can be broken into the registered name namely : L C PACKAGING
(PTY) LTD and the trading name FIBC. Please see the available information on
the subject below. |
|
Registered
Name |
L C
PACKAGING (PTY)LTD |
|
Trading as/
Division Name |
FIBC |
|
Previous
Name |
None |
|
Date of
Name Change |
1998-08-17 |
|
Registration
Number |
M1964/006271/07 |
|
Registration
Date |
1964/08/20 |
|
Date
Commenced Trading |
1964-08-20 |
|
Age of
Business |
50 Years 1
Months |
|
History of
Business |
The
subject commenced trading as a new company in 2006, historical information
has not been made available as yet. |
|
History of
Principals |
There are
3 active principals within the subject. |
|
Shareholders/Members/Partners
of subject and % holding |
Unavailable |
|
Authorised
Share Capital |
|
|
Issued
Share Capital/Members Contribution |
|
|
Status |
Deregistration
Final |
|
Operations
Assessment |
The
subject supply and manufacture FIBC (bulk bags/big bags/jumbo bags). |
|
Industry/
Customers |
Private
and Manufactures |
|
Export |
|
|
Export
Countries |
|
|
Import |
|
|
Import
Countries |
|
|
Major
Industry Code / SICC |
31621 |
|
Definition
of Code |
Manufacture
of travel goods and ladies' handbags |
|
Head
Office Physical Address |
7 BEDFORD MANOR, KIRBY ROAD,
BEDFORDVIEW, 2008 |
|
Head
Office Postal Address |
PO BOX
752996, GARDEN VIEW, 2047 |
|
Current
Tel Number |
0116154169 |
|
Cell
Number |
0761722425 |
|
Current
Fax Number |
0865463694 |
|
Current
Email Address |
|
|
Web Site
Address |
|
|
Comments |
The status
of the company is in question, however respondents say it is trading. Please
exercise caution in dealings until full information is obtained. The address
given versus the address provided is on in the same. |
|
Company
Registered Name |
FIHSER
HOFFMAN SITHOLE INC |
|
Trading
Name |
NONE |
|
Registration
Number |
2000/0084402/21 |
|
Physical
Address |
15 GIRTON
ROAD, PARKTOWN, 2193 |
|
Postal
Address |
P O BOX
1370, JOHANNESBURG, 2000 |
|
Contact Person |
PETER JOAL
KATZENNELLENBGEN |
|
Contact
Number |
0114802300 |
|
Email |
|
|
Principals |
1 |
|
Judgements
Against Subject |
|
|
Judgements
Against Principals |
|
|
Subject
Verified as Client |
|
|
Practice
Number |
|
|
VAT Number |
|
|
Tax Number |
|
|
BEE Status |
|
|
Financial
Year End |
|
|
No of
years in Business |
19 Years 8
Months |
|
Website |
|
|
Comment |
|
Previous Auditors Information - No Information on
Record
Tax Information - No Information on Record 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
Organisational Ohart - 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 BusinessRescue
–
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 |
3 |
|
Average
Age of Active Principals |
69 |
|
Active Principals Active
Principal - 1 of 3 CYNTHIA CUPP |
|
|
Surname |
CUPP |
|
First Name |
CYNTHIA |
|
Other
Names |
GRACE |
|
Marital
Status |
|
|
ID Number |
3303035042013 |
|
Verified
ID Number |
No |
|
Current
Age |
81 Years 6
Months |
|
Designation |
Director |
|
Status |
Active |
|
Appointment
Date |
1994/09/03 |
|
Physical Address
(at time of Appointment) |
41
WOODLANDS AVE, WEYBRIDGE, 6070 |
|
Postal
Address |
PO BOX
16131, GELVANDALE, 6016 |
|
Current
Tel Number |
0116154169 |
|
Cell
number |
|
|
Shareholding/Membership |
0.00 |
Business Information for CYNTHIA CUPP
Principal Current Business Interests
|
Company
Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
L C PACKAGING (PTY)LTD |
M1964/006271/07 |
Deregistration Final |
50 Years 2 Months |
0 |
No |
|
Principal's Previous Business Interests - No
information on record
Principal's Deeds Information - No information on
record Active
LESTER CUPP
|
Surname |
CUPP |
|
First Name |
LESTER |
|
Other
Names |
ASHLEY |
|
Marital Status |
|
|
ID Number |
6412115239015 |
|
Verified
ID Number |
Yes |
|
Current
Age |
49 Years 9
Months |
|
Designation |
Director |
|
Status |
Active |
|
Appointment
Date |
1994/09/03 |
|
Physical
Address (at time of Appointment) |
11 WEYBRIDGE
DRIVE, WEYBRIDGE, PARIL, 6008 |
|
Postal
Address |
P O BOX
28607, SUNRIDGE PARK, PORT ELIZABETH, 6008 |
|
Current
Tel Number |
0414563003 |
|
Cell
number |
0833251506 |
|
Shareholding/Membership |
0.00 |
Business Information for LESTER CUPP
Principal Current Business Interests
|
Company
Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
INDUNA
FISHING (PTY)LTD |
M2005/005922/07 |
Deregistration Final |
9 Years 9 Months |
0 |
No |
|
|
L C PACKAGING (PTY)LTD |
M1964/006271/07 |
Deregistration Final |
50 Years 2 Months |
0 |
No |
|
|
L C PACKAGING (S A) (PTY)LTD |
M1998/022907/07 |
In
Business |
16 Years 4 Months |
0 |
No |
|
Principal's Previous Business Interests - No
information on record
Principal's Deeds Information - No information on
record
Active Principal - 3 of 3
ERNEST CUPP
|
Surname |
CUPP |
|
First Name |
ERNEST |
|
Other
Names |
|
|
Marital
Status |
|
|
ID Number |
380303504013 |
|
Verified
ID Number |
No |
|
Current
Age |
76 Years 6
Months |
|
Designation |
Director |
|
Status |
Active |
|
Appointment
Date |
1993/10/08 |
|
Physical
Address (at time of Appointment) |
41
WOODLANDS AVE, WEYBRIDGE PARK, 6070 |
|
Postal
Address |
PO BOX
16131, GELVANDALE, 6016 |
|
Current
Tel Number |
|
|
Cell
number |
|
|
Shareholding/Membership |
0.00 |
Business Information for
ERNEST CUPP
Principal Current Business
Interests
|
Company
Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
L C PACKAGING (PTY)LTD |
M1964/006271/07 |
Deregistration Final |
50 Years 2 Months |
0 |
No |
|
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.61.02 |
|
|
1 |
Rs.99.42 |
|
Euro |
1 |
Rs.77.84 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
PDT |
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.