|
Report Date : |
19.04.2012 |
IDENTIFICATION DETAILS
|
Name : |
CUSTOM COLOUR (PTY) LTD |
|
|
|
|
Formerly Known As : |
PERFOMANCE COLOUR SYSTEM |
|
|
|
|
Registered Office : |
Cnr Kroonhof and |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
17.07.1969 |
|
|
|
|
Com. Reg. No.: |
M1969/010925/07 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Manufacture of plastics
in primary form and of synthetic rubber |
|
|
|
|
No. of Employees : |
140 |
RATING & COMMENTS
|
MIRAs 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 March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
South Africa |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
|
Subject Name |
CUSTOM
COLOUR (PTY) LTD |
|
Country |
SOUTH
AFRICA |
|
Requested Credit Limit |
US
$ 1 500 000 |
|
Enquiry Terms |
30
DAYS/ 60 DAYS |
|
Account Review |
6
MONTHS |
|
Subject Contact person |
MR
JAN HALBARTH-011 9612700 |
|
Assessment |
Total
Credit Limit Exposure: R 3 500 000 On
the investigation we established this is a large company We were unable to obtain bank code because the
subject declined to provide us with the bank account number. The subject is
meeting commitments with suppliers. It is suggested
dealings be well spread and secured and the lack of financial data be borne
in mind. |
|
Registered Name |
CUSTOM COLOUR (PTY) LTD |
|
Trading as/ Division Name |
PERFOMANCE MASTERBATCH |
|
Previous Name |
PERFOMANCE COLOUR SYSTEM |
|
Date of Name Change |
Unavailable |
|
Registration Number |
M1969/010925/07 |
|
Registration Date |
1969-07-17 |
|
Date Commenced Trading |
1969-07-17 |
|
Age of Business |
42 Years 9 Months |
|
History of Business |
Performance Colour Systems has expertise that contributes to over 30
years of excellence within the plastics sector. Their Masterbatch plant is
equipped with state of the art production lines that cater for resins across
the plastic segments. |
|
History of Principals |
None |
|
Shareholders/Members/Partners of subject
and % holding |
28% CHAD FRANCIS 51% INDIRECT SHAREHOLDERS- silent/ outside owners 6% GLENN ROPPA 15% RICCARDO DI BLASIO |
|
Authorised Share Capital |
R 1000 |
|
Issued Share Capital/Members Contribution |
R 100 |
|
Status |
This Business is Active |
|
Operations Assessment |
Manufactures of plastics, inks,
colourants, liquid dispersions, master batches, dry powder pigments, seed conditioning
and organic crop protection products for the agriculture industry as well as
security and micro tracing initiatives for a range of industries. |
|
Industry/ Customers |
Retailers, SAPPMA |
|
Export |
INDIA, MALAWI,CONGO |
|
Major Industry Code / SICC |
3343 |
|
Definition of Code |
Manufacture of plastics
in primary form and of synthetic rubber |
|
Head Office Physical Address |
Cnr Kroonhof and Essex Street MEADOWDALE EXT1 1730 |
|
Head Office Postal Address |
PO Box 984 EDENVALE 1734 |
|
Current Tel Number |
011 9612700 |
|
Cell number |
Unavailable |
|
Current Fax Number |
011 9612799 |
|
Current Email Address |
|
|
Web Site Address |
|
Company Registered Name |
RICHARDS DE VOS |
|
Trading Name |
None |
|
Registration Number |
5909145013089 |
|
Physical Address |
CLEARVIEW OFFICE PARK Block C, Unit11 Wilheminia Avenue ConstatiaKloof FLORIDA |
|
Postal Address |
PO Box 6910 WESTGATE 1734 |
|
Contact Person |
LIND DE VOS |
|
Contact Number |
011 3724600 |
|
Email |
Unavailable |
|
Principals |
Unavailable |
|
Judgements Against Subject |
None |
|
Judgements Against Principals |
None |
|
Subject Verified as Client |
Yes |
|
SAICA number |
Unavailable |
|
VAT Number |
4450115011 |
|
Tax Number |
Unavailable |
|
BEE Status |
Unavailable |
|
Financial Year End |
Unavailable |
|
Years With Auditors |
Unavailable |
|
Website |
None |
|
Company Name |
Phone Number |
Time with previous auditors |
|
PRICE WATEROUSE
COOPERS |
|
13 Years |
|
Vat Number |
4600219671 |
|
Status |
Active |
|
Vat Liable Date |
2005-04-01 |
|
Tax Number |
9207004848 |
|
Tax Clearance Expire Date |
Unavailable |
|
Financial Year End |
February |
|
Status |
Yes |
|
Score |
Level 4 |
|
Expire Date |
Unavailable |
|
BEE Certificate Available |
Yes |
|
Type of ISO Grade |
No |
|
Registered |
Yes |
|
Compliance Certified |
Yes |
Subsidiaries
|
Subsidiary Company |
None |
|
Shareholding |
|
|
Registration Number |
|
|
Import / Export |
|
|
Number of
Employees |
140 |
|
1. Salaried
employees |
140 |
|
2. Waged
employees |
|
|
3. Permanent
employees |
|
|
4. Casual
employees |
|
|
5. Contracted
employees |
|
Company Fleet |
No of vehicles: |
Owned/ Leased |
Value |
Outstanding Balance |
|
Fleet Operations |
8 |
Owned |
|
|
|
The Fleet is made up of |
|
|||
|
1. Cars |
|
|
|
|
|
2. Light
Delivery Vehicles |
4 |
|
|
|
|
3. Trailers |
|
|
|
|
|
4. Busses |
|
|
|
|
|
5. Trucks |
4 |
|
|
|
|
6. Fork
Lifts |
|
|
|
|
|
7. Other |
|
|
|
|
|
Offices |
Offices |
Head Office Owned/ Rented |
Owned |
|
Rental Company |
|
|
Owned by |
CUSTOM COLOUR (PTY) LTD |
|
Value |
|
|
Bond |
|
|
Bank |
|
|
Lease Agreement |
|
|
Lease Expire Date |
|
|
Type of Premises |
Offices |
|
Branches Names |
Country |
Province |
|
CAPE TOWN |
SOUTH AFRICA |
EASTERN CAPE |
|
DURBAN |
SOUTH AFRICA |
KWAZULU NATAL |
Branches Owned/ Rented |
Unavailable |
|
Rental Company |
|
|
Owned |
|
|
Level |
Position |
Name |
|
1 |
DIRECTOR |
CHAD FRANCIS |
|
1 |
DIRECTOR |
RICCARDO DI
BLASIO |
|
1 |
DIRECTOR |
GLENN ROPPA |
Note: One level up and
all levels down
|
Holding |
Company |
Sub |
|
51% |
INDIRECT
SHAREHOLDERS |
None |
|
28% |
CHAD FRANCIS |
None |
|
15% |
RICCARDO DI
BLASIO |
None |
|
6% |
GLENN ROPPA |
None |
|
Company |
Value |
Contact |
|
Deemed Confidential |
|
|
|
Trade Reference nr |
Supplier |
Contact |
|
1 |
SASOL |
011 7901111 |
|
2 |
CHEMI PAUL |
011 3724600 |
|
3 |
BASS |
011 2032400 |
|
4 |
VALVES |
011 8740732 |
Trade References
Detail
|
Nr |
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
|
1 |
Do |
Not |
Give |
Trade |
Reference |
|
|
|
2 |
10 Years |
Open Account |
R 1 000 000 |
30 Days |
R 1 000 000.00 |
30 Days |
Good |
|
3 |
Do |
Not |
Give |
Trade |
Reference |
|
|
|
4 |
14 Years |
R 2 500 000 |
R 560 000 |
60 Days |
R 560 000.00 |
60 Days |
Good |
Judgements
|
Judgements |
None |
|
Possible
Judgements |
None |
|
Civil Court |
None |
|
RDs |
None |
Business Rescue
|
Date registered |
Business rescue practitioner |
Contact Information |
Details |
|
None |
|
|
|
Default Listings
|
Date |
Details |
|
None |
|
Notarial Bonds
|
Date |
Details |
|
None |
|
|
Bank |
STANDARD BANK |
|
Branch |
EDENVALE |
|
Bank Account Number |
Deemed Confidential |
|
Type of Account |
CURRENT |
|
Account Name |
CUSTOM COLOUR (PTY) LTD |
|
Overdraft Facilities |
No |
Bank Codes History
|
Date requested |
Bank Code |
Enquiry Amount |
Number of RDs |
RD amount |
RD Date |
Bank Comments |
Years with bank |
|
None |
|
|
|
|
|
|
|
Previous Bank
Accounts
|
Banker |
Branch Code |
Account Holder |
Account number |
Date opened |
Years with bank |
|
None |
|
|
|
|
|
Property Interestsfor Company
|
Title Deed No. |
None |
Erf/Site No. |
|
|
Deeds Office |
|
Physical Address |
|
|
Property Type |
|
Extent / Size |
|
|
Purchase Date |
|
Purchase price |
|
|
% Ownership |
|
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
|
Financial
Estimates
|
CURRENT ASSETS |
Deemed Confidential |
|
Current Turnover per annum |
|
Please note the
following:
|
Turnover and assets less than R 1,000,000.00 |
The subject falls within the National Credit Act |
|
Turnover and assets less than R 2,000,000.00 |
The subject falls within the Consumer Protection Act |
Principals
|
Number of Principals |
3 |
|
Average Age of Active Principals |
62 |
Principal 1 of 3: ALFRED MC CREADIE
|
Surname |
MC CREADIE |
|
First Name |
ALFRED |
|
Other Names |
None |
|
Marital Status |
Married |
|
ID Number |
4810175096088 |
|
Verified ID Number |
Yes |
|
Current Age |
64 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2007-03-01 |
|
Physical Address (at time of Appointment) |
PO Box 3405 EDENVALE 1609 |
|
Postal Address |
PO Box 3405 EDENVALE 1609 |
|
Current Tel Number |
011 3724600 |
|
Cell number |
082 3300078 |
|
Current Fax Number |
011 961 2700 |
|
Current Email Address |
Unavailable |
|
Shareholding |
(if the principal owns shares) |
Adverse
Information for: ALFRED MC CREADIE
Judgement
|
Number of
Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Business
Information for: ALFRED MC CREADIE
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
HI-TECH INKS (PTY) LTD |
1989/007131/07 |
In Business |
22 Years 4 Months |
0 |
No |
|
LIQUID COLOURS (PTY) LTD |
1992/005516/07 |
In Business |
19 Years 7 Months |
0 |
No |
|
HI-TECH INKS CAPE (PTY) LTD |
1998/019845/07 |
In Business |
13 Years 6 Months |
0 |
No |
|
UNIT 107 COZUMEL INVESTMENTS (PTY)M LTD |
1999/024935/07 |
In Business |
12 Years 6 Months |
0 |
No |
|
HI-TECH INKS GAUTENG (PTY) LTD |
1999/023794/07 |
In Business |
12 Years 6 Months |
0 |
No |
|
KANNAR CC |
2000/000632/23 |
In Business |
12 Years 3 Months |
0 |
No |
|
POLYMER COLOUR SYSTEM (PTY) LTD |
2002/000885/07 |
In Business |
10 Years 3 Months |
0 |
No |
|
STAND 28 FOUNDER HILL (PTY) LTD |
2007/009032/07 |
In Business |
5 Years 1 Months |
0 |
No |
Previous Business Interests
|
Average Age of
Previous Business Interests |
13 Years |
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
MC CREADIE FAMILY INVETMENT CC |
1991/028816/23 |
Dissolved |
20 Years 6 Months |
0 |
No |
|
TOLLCHEM (PTY) LTD |
1997/001063/07 |
Deregistration Final |
15 Years 3 Months |
0 |
No |
|
ELIIXIR CONCEPT-VILLAGE VIEW (PTY) LTD |
2007/009034/07 |
In Business |
5 Years 1 Months |
0 |
No |
|
CHEMIPOL SOLUTIONS (PTY) LTD |
M1999/002078/07 |
In Business |
13 Years 2 Months |
0 |
No |
Property Interestsfor: ALFRED MC CREADIE
|
Title Deed No. |
None |
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 3: CHAD FRANCIS
|
Surname |
FRANCIS |
|
First Name |
CHAD |
|
Other Names |
None |
|
Marital Status |
Married |
|
ID Number |
6403025074089 |
|
Verified ID Number |
Yes |
|
Current Age |
48 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2007-03-01 |
|
Physical Address (at time of Appointment) |
17 Santa Monica Boulevard CETURION 0157 |
|
Postal Address |
PO Box 2685 EDNVALE 1610 |
|
Current Tel Number |
011 9612700 |
|
Cell number |
083 6292731 |
|
Current Fax Number |
011 961 2700 |
|
Current Email Address |
Unavailable |
|
Shareholding |
28% |
Adverse
Information for: CHAD FRANCIS
Judgement
|
Number of
Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Business
Information for: CHAD FRANCIS
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
G P J REPAIRS CC |
1996/041447/23 |
In Business |
15 Years 8 Months |
0 |
No |
|
POLYMER COLOUR SYSTEMS (PTY) LTD |
2002/000885/07 |
In Business |
10 Years 3 Months |
0 |
No |
|
WAVELENGTHS 1348 CC |
2003/084635/23 |
In Business |
8 Years 6 Months |
0 |
No |
|
SPEED BIRD INVESTMENT HOLDINGS (PTY) LTD |
M2000/015557/07 |
In Business |
11 Years 9 Months |
0 |
No |
Previous Business Interests
|
Average Age of
Previous Business Interests |
22 Years |
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
JD DE JONG INVESTMENTS (PTY) LTD |
1978/001317/07 |
Voluntary Liquidation |
34 Years |
0 |
No |
|
GPJ SERVICES CC |
1994/042613/23 |
Deregistration Final |
17 Years 4 Months |
0 |
No |
|
BAHIT IL BAHIR CC |
1997/015176/23 |
Deregistration Final |
15 Years 1 Months |
0 |
No |
Property Interestsfor: CHAD FRANCIS
|
Title Deed No. |
ST130537/2006 |
Erf/Site No. |
26.53 |
|
Deeds Office |
PRETORIA |
Physical Address |
|
|
Property Type |
Sectional Title/ Unit |
Extent / Size |
11.0SQM |
|
Purchase Date |
2005-10-09 |
Purchase price |
R 888 975.00 |
|
% Ownership |
0.0000 |
Bond Holder |
FIRSTRAND BANK
LTD |
|
Bond Number |
SB1645252006 |
Bond Amount |
R 900 000.00 |
Principal 3 of 3: ALLAN PETERS
|
Surname |
PETERS |
|
First Name |
ALLAN |
|
Other Names |
None |
|
Marital Status |
Married |
|
ID Number |
4402265072086 |
|
Verified ID Number |
Yes |
|
Current Age |
68 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2007-03-23 |
|
Physical Address (at time of Appointment) |
369 Emerald Corner EMERALD ESTATE GREENSTONE HILL 2065 |
|
Postal Address |
PO Box 2685 EDENVALE 1609 |
|
Current Tel Number |
011 3724600 |
|
Cell number |
0832660602 |
|
Current Fax Number |
011 961 2700 |
|
Current Email Address |
Unavailable |
|
Shareholding |
(if the principal owns shares) |
Adverse
Information for: ALLAN PETERS
Judgement
|
Number of
Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Business
Information for: ALLAN PETERS
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
G P J REPAIRS CC |
1996/041447/23 |
In Business |
15 Years 8 Months |
0 |
No |
|
POLYMER COLOUR SYSTEMS (PTY) LTD |
2002/000885/07 |
In Business |
10 Years 3 Months |
0 |
No |
|
WAVELENGTHS 1348 CC |
2003/084635/23 |
In Business |
8 Years 6 Months |
0 |
No |
|
SPEED BIRD INVESTMENT HOLDINGS (PTY) LTD |
M2000/015557/07 |
In Business |
11 Years 9 Months |
0 |
No |
Previous Business Interests
|
Average Age of
Previous Business Interests |
15 Years |
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
TOLLCHEM (PTY) LTD |
1997/001063/07 |
Deregistration Final |
15 Years 3 Months |
0 |
No |
Property Interestsfor: ALLAN PETERS
|
Title Deed No. |
T36433/2005 |
Erf/Site No. |
|
|
Deeds Office |
PRETORIA |
Physical Address |
EMERALD ESTATE
JOHANNESBURG |
|
Property Type |
Freehold / Ervin |
Extent / Size |
640.0SQM |
|
Purchase Date |
2003-10-01 |
Purchase price |
R 229 000.00 |
|
% Ownership |
0.000 |
Bond Holder |
ABSA BANK LTD |
|
Bond Number |
B398582005 |
Bond Amount |
R 580 000.00 |
|
Title Deed No. |
T96021/2002 |
Erf/Site No. |
|
|
Deeds Office |
PRETORIA |
Physical Address |
|
|
Property Type |
Farms |
Extent / Size |
1.21H |
|
Purchase Date |
2002-05-20 |
Purchase price |
R 250 000 |
|
% Ownership |
0.0000 |
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
R 0.00 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.89 |
|
|
1 |
Rs.83.18 |
|
Euro |
1 |
Rs.68.06 |
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 SCs 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.