logo

 

MIRA INFORM REPORT

 

 

Report Date :            

22.04.2011

 

IDENTIFICATION DETAILS

 

Name :

OMNIA GROUP (PTY) LTD

 

 

Formerly Known As :

WESTERN BREEZE TRADING 177 (PTY) LTD

 

 

Registered Office :

1st Floor, Omnia House, 13 Sloane Street, Epsom Downs, Bryanston, Gauteng

 

 

Country :

South Africa

 

 

Financials (as on) :

31.03.2010 (Consolidated)

 

 

Date of Incorporation :

10.05.2006

 

 

Com. Reg. No.:

2006/013996/07

 

 

Legal Form :

Proprietary Company

 

 

Line of Business :

Chemical Services Provider

 

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 – December 31, 2010

 

Country Name

Previous Rating

                   (30.09.2010)                  

Current Rating

(31.12.2010)

South Africa

a2

a2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

COMPANY NAME

 

PROTEA POLYMERS (PTY) LTD

 

 

PHYSICAL ADDRESS    

 

13 Sloane Street

Epsom Downs

Bryanston

Gauteng

Telephone Number:                   011 709 8888

Fax Number:                             011 706 4022

 

On investigation it was established that PROTEA POLYMERS (PTY) LTD (Registration Certificate Number:  2004/016581/07) was deregistered after the trading operations and assets were transferred as a sub division under the PROTEA CHEMICALS division of OMNIA GROUP (PTY) LTD (Registration Certificate Number:  2006/013996/07) in April 2006.

 

Please see the report on OMNIA GROUP (PTY) LTD attached.

 

 

 

Note:

(The information contained in this report, other than comment by outside authorities, has been voluntarily supplied by officials of the subject):

 

 

COMPANY NAME

 

OMNIA GROUP (PTY) LTD

 

Formerly WESTERN BREEZE TRADING 177 (PTY) LTD, the name having been changed on 7 May 2007.

 

TRADING DIVISIONS:  

 

MINING DIVISION:

·         BULK MINING (BME)

·         PROTEA MINING CHEMICALS

·         CHEMICALS DIVISION

·         PROTEA CHEMICALS

·         KZN / INLAND / CAPE

·         PROTEA ANIMAL FEEDS

·         PROTEA BULK RESOURCES

·         PROTEA FOOD INGREDIENTS

·         PROTEA POLYMERS

·         PROTEA SPECIALITY CHEMICALS

·         ACOL CHEMICALS

·         OMNIA AGRICULTURAL DIVISION

·         OMNIA FERTILISER

·         OMNIA SPECIALITIES

 

 

PHYSICAL ADDRESS

 

1st Floor, Omnia House

13 Sloane Street

Epsom Downs

BRYANSTON

Gauteng

 

 

POSTAL ADDRESS   

 

P O Box 69888

Bryanston

2021

Telephone Number:       011 709 8888

Fax Number:                 011 706 4022

 

 

SHAREHOLDERS

 

83%      OMNIA GROUP INVESTMENTS LTD

(Registration Certificate Number 1964/003371/06) – which is in turn owned by OMNIA HOLDINGS LIMITED (Registration Certificate Number 1967/003680/0) - listed on the JSE limited

 

10%      SAKHILE INITIATIVE LTD

(Registration Certificate Number 2006/029291/06) – which is 100% owned by the OMNIA employees

 

2%       SAKHILE INITIATIVE 2 LIMITED

(Registration Certificate Number 2009/009274/06) – which is also 100% owned by OMNIA employees and

 

5%       NANOTRON INVESTMENTS (PTY) LTD -

(Registration Certificate Number 2009/009177/07)

 

 

SUBSIDIARIES, JOINT VENTURES AND ASSOCIATE COMPANIES

 

·         OMNIA FERTILIZER LTD – registered in South Africa

·         OMNIA FERTILIZER ZAMBIA LTD

·         OMNIA FERTILIZER ZIMBABWE (PVT) LTD

·         OMNIA SMALL SCALE LTD – resident in Zambia

·         OMNIA SPECIALITY NZ LTD – registered in New Zealand

·         OMNIA SPECIALITIES (AUSTRALIA) (PTY) LTD

·         OMNIA INTERNATIONAL (AUSTRALIA) (PTY) LTD

·         OMNIA FERTILIZER LTD – registered in Malawi

·         OMNIA PRIMAZA LTD – registered in New Zealand

·         OMNIA PROJECTS (PTY) LTD – registered in South Africa

·         BULK MINING EXPLOSIVES (PTY) LTD – registered in South Africa

·         BULK MINING EXPLOSIVES MALI SARL

·         BULK MINING EXPLOSIVES TANZANIA (PTY) LTD

·         BULK MINING EXPLOSIVES NAMIBIA (PTY) LTD

·         BULK MINING EXPLOSIVES BOTSWANA (PTY) LTD

·         BULK MINING EXPLOSIVES ZAMBIA LTD

·         BULK MINING EXPLOSIVES MAURITANIA SARL

·         BULK MINING EXPLOSIVES SENEGAL SARL

·         ZETACHEM (PTY) LTD – registered in South Africa

·         ECOGYPSUM (PTY) LTD – registered in South Africa

·         PROTEA POLYMERS EAST AFRICA LTD – registered in Mauritius

·         ACOL CHEMICAL HOLDINGS (PVT) LTD – registered in Zimabawe

 

DIRECTORS

 

G C BRIMACOMBE                   ID No 6010085066085

D L EGGER                              ID No 4711025044080

N K H FITZ-GIBBON                  ID No 5312245176080

T E GRANT                               ID No 6610115040081

F J HAY                                    ID No 7003235257083

R B HUMPHRIS             ID No 5704265081085

J D MOLLER                             ID No 4808155040084

 

 

BANKERS

 

The subject banks with all major banks in South Africa being FIRST NATIONAL BANK, ABSA BANK, STANDARD BANK and NEDBANK. The respondent stated that the group is managed by a cash management scheme, controlled by the treasury department of the subject.

 

 

DATE REGISTERED

 

10 May 2006

Registration Certificate Number: 2006/013996/07 (confirmed at CIPRO)

 

The subject commenced trading when the assets and operations of established businesses were incorporated into the subject as divisions.

 

 

VAT NUMBER

 

4680233469 (confirmed by SARS)

 

 

MAJOR OPERATION

 

OMNIA is a diversified, specialist chemical services provider with balanced interests in the chemicals, mining and agriculture markets.

 

The chemicals division, branded PROTEA CHEMICALS, is the leading distributor of speciality, functional and effective chemicals in Southern Africa.

 

The mining division is a market leader in mining chemicals, blended bulk explosives formulations for surface mines, as well as manufacturing packaged explosives for underground mines and specialised surface blasting.

 

The agriculture division manufactures and supplies granular, liquid and speciality agricultural fertilisers to individual farms, co-operatives and wholesalers throughout South Africa, Swaziland, Zimbabwe, Zambia, Namibia, Botswana, Tanzania, Malawi, Angola and Madagascar. The division’s speciality fertilizer offering, which includes highly specialised ancillary services, is also developing in other international markets such as Australia and New Zealand.

 

 

MAJOR SUPPLIERS

 

The PROTEA CHEMICALS division deals locally with:

 

·         NCP

·         DHL

·         SASOL POLYMERS

·         SASOL SOLVENTS

·         STURROCK SHIPPING

·         GATEWAY FREIGHT

·         SNF FLOERGER S.A

 

The FERTILISER division deals locally with:

 

·         SASOL NITRO

·         YARA S A

·         FOSKOR

 

The BME division deals locally with:

 

·         AFRICAN EXPLOSIVES

·         SASOL DYNO

·         CENTRE ENGINEERING

·         LUBRIZOL

·         ZIMALCO

 

 

MAJOR CUSTOMERS OR BUSINESS SECTORS

 

FERTILISERS:

Farmers, co-operative wholesalers

 

MINING DIVISION:

Open pit and quarrying industry

 

 

CHEMICAL DIVISION

 

Animal feed manufacturing companies, food and beverage manufacturing companies, health, personal and home care manufacturing companies, metal treatment companies, pulp and paper processing companies, polymer processing companies, rubber textile, water, waste and effluent treatment companies.

 

AREA OF DISTRIBUTION AND SELLING

 

South Africa

 

 

EXPORTS

 

Botswana, Mozambique, Zambia, Tanzania, Zimbabwe, Malawi, Kenya, Angola, Mali, Mauritius, Namibia, Australia, New Zealand, and France.

 

 

TOTAL EMPLOYEES

 

Approximately 2 388 permanent employees

 

 

OTHER PREMISES

 

The subject has branches in Sasolburg, Rustenburg, Delmas, Danielsrus, Wesselsbron, Hectorspruit, Wadeville, Durban and Cape Town.

 

 

OWNED OR LEASED

 

It was stated that the heading premises are reported to be leased, while some of the other branch premises are owned and others are leased.

 

 

AUTHORISED SHARE CAPITAL

 

R1 000 divided into 1 000 ordinary shares of R1 each

 

 

ISSUED SHARE CAPITAL

 

R100

 

Please see the balance sheet, income and cash flow statements on the holding company for the year ended 31 March 2010 attached.

AUDITORS

 

PRICEWATERHOUSECOOPERS, Johannesburg

Tel no:  011 797 4000

 

 

YEAR END

 

MARCH

 

 

INSURANCE BROKERS

 

ALEXANDER FORBES

 

 

TRADE REFERENCES – AUGUST 2007

 

                  PERIOD       HIGHEST      AVERAGE      TERMS    PAYMENT    EXPERIENCE

                                      CREDIT         CREDIT                          PATTERN

 

1.                20 years       declined        declined          60 days    60 days        Excellent

 

2.                Do not give trade references

 

3.                20 years       declined        R2 000 000 -    30 days    30 days        Very good

                                                           R3 000 000

 

 

TRADE REFERENCES – NOVEMBER 2007

FERTILISER DIVISION

 

                  PERIOD       HIGHEST      AVERAGE      TERMS    PAYMENT    EXPERIENCE

                                      CREDIT         CREDIT                          PATTERN

 

1.                Old acc        declined        declined          30 days    30 days        Very good

 

2.                Old acc        open             R4 000 000-     30 days    30 days        Good

                                                           R8 000 000

 

3.     Do not give trade references

TRADE REFERENCES – JUNE 2008

PROTEA CHEMICALS

 

                  PERIOD       HIGHEST      AVERAGE  TERMS        PAYMENT    EXPERIENCE

                                      CREDIT         CREDIT                          PATTERN

 

1.                21 years      declined        R2 500 000  30 days        30 days        Very Good

 

2.                10 years       declined        declined      60 days        60 days        Very Good

 

3.                Old acc        declined        declined      30 days        30 days        Very Good

 

 

TRADE REFERENCES – MARCH 2009

PROTEA CHEMICALS

 

                  PERIOD       HIGHEST      AVERAGE      TERMS    PAYMENT    EXPERIENCE

                                      CREDIT         CREDIT                          PATTERN

 

1.                20 years      R3 000 000    R2 500 000 -    30 days    30 days        Very Good

                                                           R3 000 000

 

2.                Do not give trade references

 

3.                10 years       declined        declined          30 days    30 days        Good

 

4.                Do not give trade references

 

 

TRADE REFERENCES – APRIL 2009

 

                  ACCOUNT    HIGHEST      AVERAGE      TERMS    PAYMENT    EXPERIENCE

                  OPENED      CREDIT         CREDIT                          PATTERN

 

1.               2004             R15 000 000   R 2 500 000     30 days    30 days        Good

                                      unsecured      per month

 

2.               Do not give trade references.

 

3.               15 years       unlimited        R    100 000 -  30 days    30 days        Very Good

                                                          R 1 000 000     per month

 

4.a)             +3 years       R5 000 000    ±R1 500 000    30 days    30 days        Excellent

                                      c/l

 

   b)            +3 years       R5 000 000    ±R2 000 000    30 days    30 days        Excellent

                                      c/l

 

   c)            +3 years       R5 000 000    ±R1 500 000    30 days    30 days        Excellent

                                      c/l

5.               Aug 1998      declined        ±R   500 000    30 days    30 days        Good

 

 

TRADE REFERENCES – JUNE 2009

PROTEA CHEMICALS

 

                  ACCOUNT    HIGHEST      AVERAGE      TERMS    PAYMENT    EXPERIENCE

                  OPENED      CREDIT         CREDIT                          PATTERN

 

1.               20 years       R2 000 000    R1 500 000-     30 days    30 days        Very Good

                                                          R2 000 000

 

2.               Do not give trade references.

 

3.               20 years       Confidential   Confidential    60 days    60 days        Excellent

 

4.               Awaiting trade reference.

 

 

TRADE REFERENCES – NOVEMBER 2009

 

                  ACCOUNT    HIGHEST      AVERAGE      TERMS    PAYMENT    EXPERIENCE

                  OPENED      CREDIT         CREDIT                          PATTERN

 

1.               20 years       declined        R2 000 000-     30 days    30 days        Excellent

                                                          R3 000 000

 

2                20+ years     declined        figures            60 days    60 days        Excellent

 

3.               2000             R18 000 000   R3 000 000-     60 days    60 days        Excellent

                                      c/l                 R5 000 000

 

 

TRADE REFERENCES – APRIL  2010

 

                  ACCOUNT    HIGHEST      AVERAGE      TERMS    PAYMENT    EXPERIENCE

                  OPENED      CREDIT         CREDIT                          PATTERN

 

1.               20 years       figures           confidential     60 days    60 days        Excellent

 

2.               Awaiting a fax trade reference

 

3.               4 years         R20 000 000   R7 000 000+   30 days    30 days        Excellent

                                      c/l

 

4.               14 years       R1 000 000    R     20 000    30 days    30 days        Excellent

                                      c/l                 -R1 000 000

 

 

TRADE REFERENCES – JULY 2010

 

                  ACCOUNT    HIGHEST      AVERAGE      TERMS    PAYMENT    EXPERIENCE

                  OPENED      CREDIT         CREDIT                          PATTERN

 

1.         5 years               open               R   800 000-  30 days    20 days        Excellent

                                                             R2 200 000

 

2.         8 years               open             ±R2 000 000    30 days    30 days        Excellent

 

3.         2004                   R500 000         R   318 000   30 days    30 days        Excellent

                                      c/l

 

 

TRADE REFERENCES – NOVEMBER 2010

 

                  ACCOUNT    HIGHEST      AVERAGE      TERMS    PAYMENT    EXPERIENCE

                  OPENED      CREDIT         CREDIT                          PATTERN

 

1.               Old acc        R7 000 000    R5 000 000      30 days    30 days        Excellent

                                                          -R7 000 000

 

2.               Old acc        R117 000 000 R50 000 000    30 days    30 days        Excellent

                                                          -R117 000 000 – seasonal

 

3.               Old acc        R15 000 000   R8 000 000      30 days    30 days        Excellent

                                      c/l                 -R9 000 000

 

 

CURRENT TRADE REFERENCES

 

                  ACCOUNT    HIGHEST      AVERAGE      TERMS    PAYMENT    EXPERIENCE

                  OPENED      CREDIT         CREDIT                          PATTERN

 

1.               20 years       R20 000 000   R18 000 000    30 days    30 days        Very good

                                                          -R20 000 000

 

2.               10 years       R2 000 000    R2 000 000      30/60        30/60 days   Excellent

                                                                                Days

 

3.               10 years       amounts        confidential     60 days    60 days        Excellent

 

COMMENTS

 

This is an established business which incorporated the assets and operations of various other established businesses. The subject is meeting its commitments timeously and is considered equal to its normal business engagements. 


 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.33

UK Pound

1

Rs.72.92

Euro

1

Rs.64.69

 

 

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

 

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.