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Report Date : |
26.04.2012 |
IDENTIFICATION DETAILS
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Name : |
BRAGAN CHEMICALS (PTY) LTD |
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Registered Office : |
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Country : |
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Date of Incorporation : |
27.05.2010 |
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Com. Reg. No.: |
M2010/010724/07 |
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Legal Form : |
Private Company |
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Line of Business : |
Imports a range of ingredients used in Pharmaceutical, food, beverage,
bakery, dairy and cosmetic industries, industrial and the agricultural market |
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No. of Employees : |
24 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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) |
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South Africa |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
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Subject Name |
BRAGAN CHEMICALS |
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Country |
SOUTH AFRICA |
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Enquiry Terms |
30 DAYS |
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Account Review |
6 MONTHS |
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Subject Contact person |
JULIE VIVIEN LANE–0117080007 |
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Assessment |
On investigation we made contact with JULIE LANE who assisted with the information for the subject. This appears to be a well established business having credit dealings exceeding R 1 000 000 over a 30 day basis with good reviews from trade references. The subject has over 40 years of experience in the chemical distribution industry and an extensive knowledge of their product. A bank code C was obtained for an amount of R 1 500 000 over a period of 30 Days. Please see the available information on the subject below. |
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Registered Name |
BRAGAN CHEMICALS (PTY) LTD |
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Trading as/ Division Name |
None |
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Previous Name |
None |
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Date of Name Change |
None |
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Registration Number |
M2010/010724/07 |
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Registration Date |
2010-05-27 |
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Date Commenced Trading |
2010-05-07 |
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Age of Business |
1 Years 11 Months |
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History of Business |
The company was registered as BRAGAN CHEMICALS CC in 2007 and it change as BRAGAN CHEMICALS (PTY) LTD 2010. The subject has over 40 years of experience in the chemical distribution industry. |
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History of Principals |
The Company in owned by married couple |
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Shareholders/Members/Partners of subject
and % holding |
50% CRAIG TAYLOR 50% JULIE VIVIEN LANE |
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Authorised Share Capital |
R 1000 |
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Issued Share Capital/Members Contribution |
R 100 |
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Status |
This Business is Active |
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Operations Assessment |
Imports a range of ingredients used in
Pharmaceutical, food, beverage, bakery, dairy and cosmetic industries, industrial
and the agricultural market |
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Industry/ Customers |
Albany bakery, Tiger Brand |
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Export |
China, India |
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Major Industry Code / SICC |
3049 |
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Definition of Code |
Manufacture of other food products
n.e.c |
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Head Office Physical Address |
3 Bernie Street Unit 3 KYA SANDS 2055 |
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Head Office Postal Address |
PO Box 3241 DYSAN 2055 |
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Current Tel Number |
011 7080007 |
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Cell number |
083 3766042 |
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Current Fax Number |
086 2358280 |
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Current Email Address |
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Web Site Address |
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Company Registered Name |
HORWATH LEVETON BONER Partnership |
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Trading Name |
Unavailable |
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Registration Number |
Unavailable |
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Physical Address |
3 Sandown Valley Crescent Sandown SANDTON |
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Postal Address |
Po Box 652550 BENMORE 2010 |
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Contact Person |
MARK WATSON |
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Contact Number |
011 2178000 |
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Email |
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Principals |
Unavailable |
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Judgements Against Subject |
Unavailable |
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Judgements Against Principals |
Unavailable |
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Subject Verified as Client |
Yes |
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SAICA number |
Unavailable |
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VAT Number |
Unavailable |
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Tax Number |
Unavailable |
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BEE Status |
Unavailable |
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Financial Year End |
Unavailable |
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Years With Auditors |
Unavailable |
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Website |
Previous Auditors
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Company Name |
Phone Number |
Time with previous auditors |
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None |
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Vat Number |
4260240710 |
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Status |
Active |
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Vat Liable Date |
2007-08-21 |
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Tax Number |
9555919159 |
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Tax Clearance Expire Date |
Unavailable |
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Financial Year End |
June |
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Status |
None Compliant |
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Score |
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Expire Date |
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BEE Certificate Available |
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Type of ISO Grade |
None |
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ISO Certificate |
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ISO Certificate Available |
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Certified by an Accredited Agent |
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Registered |
Yes |
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Compliance Certified |
Yes |
Subsidiaries
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Subsidiary Company |
None |
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Shareholding |
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Registration Number |
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Import / Export |
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Number of
Employees |
24 |
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1. Salaried
employees |
24 |
Company Fleet |
No of vehicles: |
Owned/ Leased |
Value |
Outstanding Balance |
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Fleet Operations |
8 |
Owned |
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The Fleet is made up of |
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1. Cars |
2 |
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2. Light
Delivery Vehicles |
3 |
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3. Trucks |
3 |
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Offices |
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Head Office Owned/ Rented |
Rent |
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Rental Company |
DIAY PROPS (PTY) LTD |
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Lease Agreement |
Deemed Confidential |
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Lease Expire Date |
Unavailable |
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Type of Premises |
Office / Warehouse |
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Branches Names |
Country |
Province |
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None |
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Branches Owned/ Rented |
None |
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Rental Company |
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Owned |
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Value |
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Bank |
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Bond |
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Lease Agreement |
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Lease Expire Date |
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Type of Premises |
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Organisation chart
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Level |
Position |
Name |
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1 |
DIRECTOR |
CRAIG TAYLOR |
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1 |
DIRECTOR |
JULIE VIVIEN LANE |
Company Structure
(Ownership)
Note: One level up and
all levels down
|
Holding |
Company |
Sub |
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50% CRAIG TAYLOR |
BRAGAN CHEMICALS
(PTY) LTD |
None |
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50% JULIE VIVIEN LANE |
BRAGAN CHEMICALS
(PTY) LTD |
None |
Key deals signed within the past 12 months.
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Company |
Value |
Contact |
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Deemed Confidential |
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Trade Reference nr |
Supplier |
Contact |
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1 |
CLOVER SA |
011 6293300 |
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2 |
LADIESMITH CHEESE |
021 9751114 –
028 5511613 |
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3 |
NS CHEMICALS |
011 3926010 –
011 3926005 |
Trade References
Detail
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Nr |
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
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1 |
Do |
Not |
Give |
Trade |
References |
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2 |
3 Years |
R
1 000 000 |
R 1 200 000 |
30 Days |
R
1 200 000 |
30 Days |
Very Good Payers
– Always make payments earlier or on time |
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3 |
Unable |
To |
Obtain |
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Judgements
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Judgements |
None |
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Possible
Judgements |
None |
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Civil Court |
None |
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RDs |
None |
Business Rescue
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Date registered |
Business rescue practitioner |
Contact Information |
Details |
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None |
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Default Listings
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Date |
Details |
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None |
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Notarial Bonds
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Date |
Details |
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None |
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Bank |
NEDBANK |
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Branch |
BUSINESS BANK WESTRAND |
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Bank Account Number |
1286087449 |
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Type of Account |
CURRENT |
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Account Name |
BRAGAN CHEMICALS (PTY) LTD |
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Overdraft Facilities |
Yes |
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Bank Code |
C |
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Bank Comment |
The subject’s bankers consider them good for all business normal
engagements |
Bank Codes History
|
Date requested |
Bank Code |
Enquiry Amount |
Number of RD’s |
RD amount |
RD Date |
Bank Comments |
Years with bank |
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None |
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Previous Bank
Accounts
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Banker |
Branch Code |
Account Holder |
Account number |
Date opened |
Years with bank |
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None |
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Property Interestsfor Company
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Title Deed No. |
None |
Erf/Site No. |
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Deeds Office |
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Physical Address |
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Property Type |
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Extent / Size |
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Purchase Date |
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Purchase price |
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% Ownership |
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Bond Holder |
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Bond Number |
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Bond Amount |
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Financial Information
Financial
Estimates
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CURRENT ASSETS |
Deemed Confidential |
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Stock |
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Debtors |
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FIXED ASSETS |
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Plant, Equipment, Vehicles |
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Property |
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CURRENT LIABILITIES |
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Creditors |
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Loans/ From? |
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LONG TERM LIABILITIES |
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Morgage Bonds |
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Previous Year Turnover |
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Estimated Current Year Turnover |
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Current Turnover per month |
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Current Turnover per annum |
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Please note the
following:
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Turnover and assets less than R 1,000,000.00 |
The subject falls within the National Credit Act |
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Turnover and assets less than R 2,000,000.00 |
The subject falls within the Consumer Protection Act |
Principals
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Number of Principals |
2 |
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Average Age of Active Principals |
43 |
Active Principals
Principal 1 of 2: CRAIG TAYLOR
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Surname |
TAYLOR |
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First Name |
CRAIG |
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Other Names |
None |
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Marital Status |
Married |
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ID Number |
6503035029088 |
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Verified ID Number |
Yes |
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Current Age |
47 |
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Designation |
Director |
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Status |
Active |
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Appointment Date |
011 7080007 |
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Physical Address (at time of Appointment) |
921 Wexford Drive Woodlands DAINFERN 2055 |
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Postal Address |
PO Box 3241 DAINFERN 2055 |
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Current Tel Number |
011 7080007 |
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Cell number |
083 3766042 |
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Current Fax Number |
086 2358280 |
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Current Email Address |
|
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Shareholding |
50% |
Adverse
Information for: CRAIG TAYLOR
Judgement
|
Number of
Judgements |
None |
Debt
Review
|
Debt review |
None |
Other
|
Default data |
None |
Business Information for: CRAIG TAYLOR
Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
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BRAGAN CHEMICALS (PTY) LTD |
M2010/010724/07 |
In Business |
1 Years 11 Months |
0 |
No |
Previous
Business Interests
|
Average Age of
Previous Business Interests |
18 Years |
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
CJ PETROW CHEMICALS (PTY) LTD |
1988/007366/07 |
Deregistration Final |
23 Years 4 Months |
0 |
No |
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RAVEN CHEMICAL CORPORATION CC |
1991/029472/23 |
Deregistration Final |
20 Years 5 Months |
0 |
No |
|
ERF 921 DAINFERN CC |
1995/039262/23 |
Deregistration Final |
16 Years 7 Months |
0 |
No |
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ERF 3330 SUNWARD PARK EXTENSION 10 CC |
1996/047323/23 |
Deregistration Final |
15 Years 7 Months |
0 |
No |
|
STAND 3358 KINGFISHER PLACE CC |
1997/050283/23 |
Deregistration Final |
14 Years 7 Months |
0 |
No |
Deeds Information
Property
Interestsfor: CRAIG TAYLOR
|
Title Deed No. |
ST36391/2000 |
Erf/Site No. |
133.0 |
|
Deeds Office |
PIETERMARITZBURG |
Physical Address |
33 OCEAN SHAKAS
ROCK DOLPHIN
COAST/BALLITO |
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Property Type |
Sectional Title / Unit |
Extent / Size |
172.0SQM |
|
Purchase Date |
2000-05-13 |
Purchase price |
R 560 000.00 |
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% Ownership |
0.0000 |
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
R0.00 |
|
Title Deed No. |
T93142/2007 |
Erf/Site No. |
|
|
Deeds Office |
PRETORIA |
Physical Address |
5546 THE STABLE
BLAIR TAHOLL GOLF ESTATE
CENTURION |
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Property Type |
Freehold / Ervin |
Extent / Size |
4399.0SQM |
|
Purchase Date |
2007-05-07 |
Purchase price |
R 3 600 000 |
|
% Ownership |
0.0000 |
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
R0.00 |
|
Title Deed No. |
T51659/2010 |
Erf/Site No. |
|
|
Deeds Office |
PRETORIA |
Physical Address |
921 WEXFORD
DAINFERN MIDRAND |
|
Property Type |
Freehold / Ervin |
Extent / Size |
1136.0SQM |
|
Purchase Date |
2010-03-11 |
Purchase price |
R 2 050 000.00 |
|
% Ownership |
0.0000 |
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
R0.00 |
Principal 2 of 2: JULIE VIVIEN LANE
|
Surname |
LANE |
|
First Name |
VIVIEN |
|
Other Names |
JULIE |
|
Marital Status |
Married |
|
ID Number |
7204210012085 |
|
Verified ID Number |
No |
|
Current Age |
40 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
Unavailable |
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Physical Address (at time of Appointment) |
921 Wexford Drive WOODLANDS 2055 |
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Postal Address |
PO Box 3241 DAINFERN 2055 |
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Current Tel Number |
011 7080007 |
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Cell number |
Unavailable |
|
Current Fax Number |
086 2358280 |
|
Current Email Address |
|
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Shareholding |
50% |
Adverse
Information for: JULIE VIVIEN LANE
Judgement
|
Number of
Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Business
Information for: JULIE VIVIEN LANE
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
BRAGAN CHEMICALS (PTY) LTD |
M2010/010724/07 |
In Business |
1 Years 11 Months |
0 |
No |
Previous Business Interests
|
Average Age of
Previous Business Interests |
16 Years |
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
ERF 921 DAINFERN CC |
1995/039262/23 |
Deregistration Final |
16 Years 7 Months |
0 |
No |
|
ERF 3330 SUNWARD PARK EXTENSION 10 CC |
1996/047323/23 |
Deregistration Final |
15 Years 7 Months |
0 |
No |
Deeds Information
Property Interestsfor: JULIE VIVIEN LANE
|
Title Deed No. |
None |
Erf/Site No. |
|
|
Deeds Office |
|
Physical Address |
|
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Property Type |
|
Extent / Size |
|
|
Purchase Date |
|
Purchase price |
|
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% Ownership |
|
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.49 |
|
UK Pound |
1 |
Rs.84.66 |
|
Euro |
1 |
Rs.69.25 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.