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MIRA
INFORM REPORT
|
Report Date : |
01.11.2011 |
IDENTIFICATION DETAILS
|
Name : |
HANDR SOUTH AFRICA (PTY)LTD |
|
|
|
|
Formerly Known As : |
HANDR GLOBAL SPECIAL PRODUCTS (PTY) LTD |
|
|
|
|
Registered Office : |
113 Trinidad Road Bluff Durban Kwazulu
Natal PO Box 21575 Bluff 4036 |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
25.02.2004 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Manufacture petroleum jelly and crop spray
oil as well as the sales and marketing of selected petrochemical products to
the industry. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
South Africa |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Assessment:
On investigation contact was made with the
financial manager who would not assist with information unless he knows who is enquiring.
It was stated that the company deals on a Letter of Credit basis and sees no
need to assist.
Please advise if we can divulge the name of
the client. It would be greatly appreciated.
However please see available information
below.
Company Information
|
Registered
Name |
HANDR SOUTH AFRICA (PTY)LTD |
|
Previous Name |
HANDR GLOBAL SPECIAL PRODUCTS (PTY) LTD |
|
Date of Name
Change |
2007-04-16 |
|
Registration
Number |
2004/004800/07 |
|
Registration
Date |
2004-02-25 |
|
Date Commenced
Trading |
2004-02-25 |
|
Authorised Share
Capital |
1000 |
|
Issued Share
Capital/Members Contribution |
100 |
|
Age of Company |
7 years 7 months |
|
Status |
In Business |
|
Activities |
Manufacture petroleum jelly and crop spray
oil as well as the sales and marketing of selected petrochemical products to
the industry. The company is closed today so this still
needs to be confirmed 100%. |
|
Current Tel
Number Cell number |
031 466 8700 |
|
Current Fax
Number |
031 466 8716 |
|
Address |
113 Trinidad Road Bluff Durban Kwazulu Natal PO Box 21575 Bluff 4036 |
|
Tel No. |
27 0314668700 |
|
Fax No. |
27 031 466 87 16 / 7 |
Auditors Information
|
Company
Registered Name |
GRANT THORNTON |
|
SAICA number |
905690 |
Previous Auditors
|
Company Name/ Tel |
Time With Previous Auditors |
|
None |
|
Tax Information
|
Vat Number |
4130213079 |
|
Status |
Active |
|
Vat Liable Date |
2004-04-01 |
|
Tax Number |
9146713152 |
|
Financial Year
End |
December |
Black Economic Empowerment
|
Status |
Unavailable |
|
Score |
|
|
Expire Date |
|
|
BEE Certificate
Available |
Yes/No |
ISO Status
|
Type of ISO
Grade |
Unavailable |
|
ISO Certificate |
Yes/No |
|
ISO Certificate
Available |
Yes/No |
|
Certified by anAccredited
Agent |
Yes/No |
Workman’s compensation
|
Registered |
Unavailable |
|
Compliance
Certified |
Yes/No |
Company Structure
|
Branches |
Unavailable |
|
Branches Names |
Country |
Province |
|
Unavailable |
|
|
|
Subsidiary
Company |
Unavailable |
|
Shareholding |
|
|
Registration
Number |
|
|
Import / Export |
|
|
Number of
Employees |
Unavailable |
|
1.
Salaried
employees |
|
|
2.
Waged
employees |
|
|
3.
Permanent
employees |
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|
4.
Casual
employees |
|
|
5.
Contracted
employees |
|
Company Fleet |
No of vehicles: |
Owned/ Leased |
Value |
Outstanding
Balance |
|
Fleet Operations |
|
|
|
|
|
The Fleet is
made up of |
Unavailable |
|
|
|
|
1.
Cars |
|
|
|
|
|
2.
Light
Delivery Vehicles |
|
|
|
|
|
3.
Trailers |
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|
|
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4.
Busses |
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|
|
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5.
Trucks |
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|
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6.
Fork
Lifts |
|
|
|
|
|
7.
Other |
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|
|
|
Head
OfficeOwned/ Rented |
Unavailable |
|
Rental Company |
|
|
Owned by |
|
|
Value |
|
|
Bond |
|
|
Bank |
|
|
Lease Agreement |
|
|
Lease Expire
Date |
|
|
Type of Premises |
|
Trade References
|
Supplier |
Contact |
|
Unavailable |
|
Trade References
|
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
|
Unavailable |
|
|
|
|
|
|
Adverse Information on Subject
|
Judgements |
None |
|
Possible
Judgements |
None |
|
Civil Court |
None |
|
RDs |
None |
Default Data
|
Date |
Details |
|
None |
|
Notarial Bonds
|
Date |
Details |
|
None |
|
Deeds Information
|
Property Interest |
|||
|
Title Deed No. |
None on Record |
Erf/Site No. |
|
|
Deeds Office |
|
Physical Address |
|
|
Property Type |
|
Extent / Size |
|
|
Purchase Date |
|
Purchase price |
|
|
% Ownership |
|
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
|
Bank Information
|
Bank |
NEDBANK |
|
Branch |
164826 |
|
Bank Account
Number |
1648141528 |
|
Type of Account |
|
|
Branch Code |
|
|
Account Name |
|
|
Overdraft
Facilities |
|
|
Date Opened |
|
|
Bank Code |
|
|
Bank Comment |
|
Bank CodesHistory
|
Date requested |
Bank Code |
Enquiry Amount |
Number of RD’s |
RD amount |
RD Date |
Bank Comments |
|
None |
|
|
|
|
|
|
Previous Bank Accounts
|
Banker |
Branch Code |
Account Holder |
Account number |
Date opened |
Years with bank |
|
None |
|
|
|
|
|
Financial Information
Financial Estimates
|
CURRENT ASSETS |
Unavailable |
|
Stock |
|
|
Debtors |
|
|
Cash on Hand |
|
|
FIXED ASSETS |
|
|
Plant,
Equipment, Vehicles |
|
|
Property |
|
|
CURRENT LIABILITIES |
|
|
Creditors |
|
|
Loans/ From? |
|
|
LONG TERM
LIABILITIES |
|
|
Morgage Bonds |
|
|
ANNUAL / MONTHLY
Turnover |
|
|
Previous Year
Turnover |
|
|
Estimated
Current Year Turnover |
|
|
Number of
Principals |
5 |
|
Average Age of
Active Principals |
50 |
Active Principals
Principal 1 of 5
|
Surname |
WOOD |
|
First Names |
CLIVE |
|
Marital Status |
|
|
ID Number |
5408165171182 |
|
Verified ID
Number |
Yes |
|
Current Age |
57 |
|
Designation |
General Manager |
|
Status |
Active |
|
Appointment Date |
2009-01-28 |
|
Address (at time
of Appointment) |
78 Grosvenor Road GLENMORE DURBAN 4001 |
Adverse Information on Principal
Judgement
|
Number
of Judgements |
None |
Debt Review
|
Debt
review |
None |
Other
|
Default data |
None |
Business Information on Principal
Current Business Interests
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
DUSSEK CAMPBELL
(PTY)LTD |
1963/001796/07 |
Deregistration
Process |
0 |
No |
|
HANDR SOUTH
AFRICA SALES (PTY)LTD |
2004/003998/07 |
In Business |
0 |
No |
|
HANDR SOUTH
AFRICA (PTY)LTD |
2004/004800/07 |
In Business |
0 |
No |
Previous Business Interests
|
Average Age of
Previous Business Interests |
None |
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
None |
|
|
|
|
Deeds Information
Property Interests of Principle
|
Property Interest |
|||
|
Title Deed No. |
None on Record |
Erf/Site No. |
|
|
Deeds Office |
|
Physical Address |
|
|
Property Type |
|
Extent / Size |
|
|
Purchase Date |
|
Purchase price |
|
|
% Ownership |
|
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
|
Principal 2 of 5
|
Surname |
PARKINSON |
|
First Names |
STEPHEN JAMES |
|
Marital Status |
|
|
ID Number/ Birth
Date |
590104 |
|
Verified ID
Number |
No |
|
Current Age |
53 |
|
Designation |
Oil Company Executive |
|
Status |
Active |
|
Appointment Date |
2007-07-02 |
|
Address (at time
of Appointment) |
32 Glencore Road Weybridge SURREY UNITED KINGDOM KT13 8JY |
Adverse Information on Principal
Judgement
|
Number of
Judgements |
None |
Debt Review
|
Debt
review |
None |
Other
|
Default data |
None |
Business Information on Principal
Current Business Interests
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
HANDR SOUTH
AFRICA SALES (PTY)LTD |
2004/003998/07 |
In Business |
0 |
No |
|
HANDR SOUTH
AFRICA (PTY)LTD |
2004/004800/07 |
In Business |
0 |
No |
Previous Business Interests
|
Average Age of Previous
Business Interests |
None |
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
None |
|
|
|
|
Deeds Information
Property Interests of Principle
|
Property Interest |
|||
|
Title Deed No. |
None on Record |
Erf/Site No. |
|
|
Deeds Office |
|
Physical Address |
|
|
Property Type |
|
Extent / Size |
|
|
Purchase Date |
|
Purchase price |
|
|
% Ownership |
|
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
|
Principal 3 of 5
|
Surname |
LIPAWSKY |
|
First Names |
ANDREW |
|
Marital Status |
|
|
ID Number |
6909215142080 |
|
Verified ID
Number |
Yes |
|
Current Age |
42 |
|
Designation |
|
|
Status |
Active |
|
Appointment Date |
2007-03-07 |
|
Address (at time
of Appointment) |
40 Hoylake Drive DURBAN NORTH 4051 |
Adverse Information on Principal
Judgement
|
Number of
Judgements |
None |
Debt Review
|
Debt
review |
None |
Other
|
Default data |
None |
Business Information on Principal
Current Business Interests
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
HANDR SOUTH
AFRICA SALES (PTY)LTD |
2004/003998/07 |
In Business |
0 |
No |
|
HANDR SOUTH
AFRICA (PTY)LTD |
2004/004800/07 |
In Business |
0 |
No |
Previous Business Interests
|
Average Age of Previous
Business Interests |
None |
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
None |
|
|
|
|
Deeds Information
Property Interests of Principle
|
Property Interest |
|||
|
Title Deed No. |
T20809/2001 |
Erf/Site No. |
|
|
Deeds Office |
CAPE TOWN |
Physical Address |
31 LEEUWENHOF TABLE VIEW, BLOUBEG |
|
Property Type |
FREEHOLD/ERVIN |
Extent / Size |
640.0SQM |
|
Purchase Date |
2001-01-31 |
Purchase price |
R230000 |
|
% Ownership |
0.0000 |
Bond Holder |
SAAMBOU BANK LTD |
|
Bond Number |
B152112001 |
Bond Amount |
R210000 |
|
Property Interest |
|||
|
Title Deed No. |
T60689/2004 |
Erf/Site No. |
|
|
Deeds Office |
PIETERMARITZBURG |
Physical Address |
40 HOYLAKE DURBAN NORTH DURBAN |
|
Property Type |
FREEHOLD/ERVIN |
Extent / Size |
1042.0SQM |
|
Purchase Date |
2004-09-11 |
Purchase price |
R1225000 |
|
% Ownership |
0.0000 |
Bond Holder |
ABSA BANK LTD |
|
Bond Number |
B530872004 |
Bond Amount |
R1100000 |
Principal 4 of 5
|
Surname |
NATHA |
|
First Names |
DEYAR |
|
Marital Status |
|
|
ID Number |
4712215091089 |
|
Verified ID
Number |
Yes |
|
Current Age |
64 |
|
Designation |
|
|
Status |
Active |
|
Appointment Date |
2006-07-01 |
|
Address (at time
of Appointment) |
76 Third Avenue RONDEBOSCH EAST 7780 |
Adverse Information on Principal
Judgement
|
Number
of Judgements |
None |
Debt Review
|
Debt
review |
None |
Other
|
Default
data |
None |
Business Information on Principal
Current Business Interests
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
FNDR PROPERTIES
CC |
1989/035953/23 |
Deregistration
Process |
0 |
No |
|
HANDR SOUTH
AFRICA SALES (PTY)LTD |
2004/003998/07 |
In Business |
0 |
No |
|
HANDR SOUTH
AFRICA (PTY)LTD |
2004/004800/07 |
In Business |
0 |
No |
|
BREON CHEMICALS
(PTY)LTD |
2000/008812/07 |
Deregistration
Process |
0 |
No |
|
BENHOVE
INVESTMENTS (PTY)LTD |
2006/005318/07 |
Deregistration
Process |
0 |
No |
Previous Business Interests
|
Average Age of Previous
Business Interests |
42 years |
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
SHELL AND BP
SOUTH AFRICAN PETROLEUM REFINERIES (PTY)LTD |
1960/000007/07 |
In Business |
0 |
No |
|
THE PETROLEUM OIL
AND GAS CORPORATION PF SOUTH AFRICA (PTY)LTD |
1970/008130/70 |
In Business |
0 |
No |
|
MOSSHOLD
(PTY)LTD |
1988/005318/07 |
Dissolved |
0 |
No |
Deeds Information
Property Interests of Principle
|
Property Interest |
|||
|
Title Deed No. |
None on Record |
Erf/Site No. |
|
|
Deeds Office |
|
Physical Address |
|
|
Property Type |
|
Extent / Size |
|
|
Purchase Date |
|
Purchase price |
|
|
% Ownership |
|
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
|
Principal 5 of 5
|
Surname |
HANSEN |
|
First Names |
NIELS HEINZ |
|
Marital Status |
|
|
ID Number |
6509240000000 |
|
Verified ID
Number |
No |
|
Current Age |
46 |
|
Designation |
Executive |
|
Status |
Active |
|
Appointment Date |
2004-07-01 |
|
Address (at time
of Appointment) |
Rothenbaumchaussee55 20148 HAMBURG GERMANY |
Adverse Information on Principal
Judgement
|
Number of
Judgements |
None |
Debt Review
|
Debt
review |
None |
Other
|
Default
data |
None |
Business Information on Principal
Current Business Interests
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
HANDR SOUTH
AFRICA SALES (PTY)LTD |
2004/003998/07 |
In Business |
0 |
No |
|
HANDR SOUTH
AFRICA (PTY)LTD |
2004/004800/07 |
In Business |
0 |
No |
Previous Business Interests
|
Average Age of
Previous Business Interests |
None |
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
None |
|
|
|
|
Deeds Information
Property Interests of Principle
|
Property Interest |
|||
|
Title Deed No. |
None on Record |
Erf/Site No. |
|
|
Deeds Office |
|
Physical Address |
|
|
Property Type |
|
Extent / Size |
|
|
Purchase Date |
|
Purchase price |
|
|
% Ownership |
|
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.48.87 |
|
|
1 |
Rs.78.11 |
|
Euro |
1 |
Rs.68.36 |
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.