MIRA INFORM REPORT

 

 

Report Date :

08.12.2012

 

IDENTIFICATION DETAILS

 

Name :

DYECHEM INDUSTRIAL (PTY) LTD

 

 

Registered Office :

Corner Of 5 Chloor & Talc Roads, Chloorkop Ext 1 Gauteng,

 

 

Country :

South Africa

 

 

Date of Incorporation :

09.04.1969

 

 

Reg. No.:

M1969/005327/07

 

 

Legal Form :

Private Limited Company 

 

 

Line of Business :

Manufacture of Food Preparation Products

 

 

No. of Employees :

50

 

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 – June 30th, 2012

 

Country Name

Previous Rating

(31.03.2011)

Current Rating

(30.06.2012)

South Africa

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

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; a stock exchange that is the 18th largest in the world; and modern infrastructure supporting a relatively efficient distribution of goods to major urban centers throughout the region. Growth was robust from 2004 to 2007 as South Africa reaped the benefits of macroeconomic stability and a global commodities boom but began to slow in the second half of 2007 due to an electricity crisis and the subsequent global financial crisis' impact on commodity prices and demand. GDP fell nearly 2% in 2009 but recovered in 2010-11. Unemployment remains high and outdated infrastructure has constrained growth. State power supplier Eskom encountered problems with aging plants and meeting electricity demand necessitating "load-shedding" cuts in 2007 and 2008 to residents and businesses in the major cities. Daunting economic problems remain from the apartheid era - especially poverty, lack of economic empowerment among the disadvantaged groups, and a shortage of public transportation. South Africa''s economic policy is fiscally conservative focusing on controlling inflation and attaining a budget surplus. The current government largely follows these prudent policies but must contend with the impact of the global crisis and is facing 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

DYECHEM INDUSTRIAL (PTY) LTD

Country

South Africa

Subject Contact Person

BERNADETTE - CREDITORS DEPARTMENT

Assessment

This is a well-established family business. On investigation contact was made with the spokesperson, BERNADETTE who is in the creditors department of the subject. The subject is meeting commitments with it's suppliers timeously. A bank code R was obtained for an enquiry amount of R500 000 over 30 days as the spokesperson provided an incorrect account number and was unable to provide us with a cancelled cheque to verify the account number. No adverse information was revealed during the investigation. Please see the available information obtained below.

 

 

 

Company information

 

Registered Name

DYECHEM INDUSTRIAL (PTY)LTD

Trading as/ Division Name

DYECHEM INDUSTRIAL

Previous Name

AZOCHEM (PTY)LTD

Date of Name Change

Aug  3 1984 12:00AM

Registration Number

M1969/005327/07

Registration Date

1969/04/09

Date Commenced Trading

APRIL 1969

Age of Business

43 Years 7 Months

History of Business

DYECHEM INDUSTRIAL (PTY)LTD was registered in April 1969 and underwent a name change from AZOCHEM (PTY)LTD to the current name.

History of Principals

The principals of the concern have extensive experience in the food coloring and fragrance industry

Shareholders/Members/Partners of subject and % holding

The shares are held by the directors, however the share values were not made available.

Authorised Share Capital

R0.00

Issued Share Capital/Members Contribution

R0.00

Status

In Business

Operations Assessment

The company operates as a manufacturer and supplier of Food, Beverage and Chemical colouring and fragrances

Industry/ Customers

Chemical Food and Beverage industries

Export

Yes

Import

Yes

Import Countries

India

Major Industry Code / SICC

30401

Definition of Code

MANUFACTURE OF FOOD PREPARATION PRODUCTS

Head Office Physical Address

Corner of 5 Chloor & Talc Roads, Chloorkop Ext 1 Gauteng, South Africa

Head Office Postal Address

PO Box 30102, Kyalami, 1684

Current Tel Number

0113931045

Cell Number

0824434943

Current Fax Number

0113931173

Current Email Address

bernadetted@dyechem.co.za

Web Site Address

www.dyechem.co.za

 

 

Auditors Report

 

Company Registered Name

VENTER DE JAGER (PRETORIA) INC

Trading Name

VDJ (PRETORIA)

Registration Number

M2000/002135/21

Physical Address

Delyweg 53 Dely Road, Maroelana, 0081, Pretoria

Postal Address

P 0 Box 279,Pretoria, 0001

Contact Person

G VAN DER BERG

Contact Number

0123461043 / 4

Email

info@vdj pretoria. co. za

Principals

2

Judgements Against Subject

No information on file

Judgements Against Principals

No information on file

Subject Verified as Client

Yes

Practice Number

 

VAT Number

4730189190

Tax Number

9236139144

BEE Status

Undisclosed

Financial Year End

April

No of years in Business

12 Years 10 Months

Website

www.vdjpretoria.co.za

 

Previous Auditors

 

Company Name

Phone Number

Time with previous auditors

Comment

HORWATH LEVETONB BONER

 

11

 

HOWARTH LEVETON BONER

 

29

 

LEVY FUNK

 

29

 

 

 

Tax Information

 

Vat Number

4550121349

Status

ACTIVE

Vat Liable Date

1991/09/30

Tax Number

9052208841

Tax Clearance Expire Date

 

Financial Year End

February

Comment

 

Black Economic Empowerment

Status

No

Score

 

Expire Date

 

BEE Certificate Available

No

Comment

In 2009 the company was a level 6 BEE contributor,but has never renewed the license

ISO Status

Type of ISO Grade

None

ISO Certificate

No

ISO Certificate Available

No

Certified by an Accredited Agent

 

Comment

 

Workman's compensation

Registered

Yes

Compliance Certified

Yes

Comment

 

 

 

Company Structure

 

Subsidiaries

 

Subsidiary Company

There are no subsidiaries of the concern

Shareholding

 

Registration Number

 

Import / Export

 

Comment

 

Employees

Number of Employees

50

1. Salaried employees

50

2. Waged employees

0

3. Permanent employees

0

4. Casual employees

0

5. Contracted employees

0

Comment

 

Company Fleet

Company Fleet

No of vehicles:

Ownerd/Leased

Value

Outstanding Balance

Fleet Operations

 

 

 

 

The Fleet is made up of

 

Comment

 

Cars

 

Leased

 

 

 

Offices

 

Offices

Offices

Head Office Owned/ Rented

Leased

Branch Information

Branches Names

Country

Province

There are no branches of the concern

South Africa

 

 

 

Management Overview

 

Organisation Chart

 

Level

Position

Name

Comment

 

1

AAANAGING DIRECTOR

GRAEME PARKER

 

 

2

FINANCIAL DIRECTOR

HESTER MERTZ

 

 

3

Technical Director

PETER FLETCHER

 

 

Company Structure Information - No Information on Record

Note: One level up and all levels down

 

Key Deals - No Information on Record

 

Trade References

 

Trade Reference nr

Supplier

Contact

Surety Value

Notarial Bonds

Comment

1

CHEMICAL AND INDUSTRIAL

0117081494

 

 

 

2

PROTEA CHEMICALS

0118213300

 

 

 

3

CJ PETROW

0114946700

 

 

 

 

Trade References Detail

 

Nr

Age of Acc

Credit Limit

Max Credit

Terms

Average Purchases

Terms Taken

Comment

1

9 YEARS

R 360000.00

R100000

30 DAYS

R 50000

30 DAYS

GOOD ACCOUNT

2

6 Years

 

 

30 Days

 

30 Days

All figures are considered confidential, Good account.

3

5 YEARS

 

 

60 DAYS

 

60 DAYS

ALL FIGURES ARE CONFIDENTIAL , HOWEVER THE SUBJECT IS CONSIDERED GOOD FOR R100 000 OVER 30 DAYS

 

Adverse Information on Subject

 

Judgements

 

Judgements

0

Possible Judgements

0

Civil Court

0

RDs

0

Comment

No Information on Record

Business Rescue

Date registered

Business rescue practitioner

Contact Information

Details

Comment

 

NONE

No Information on Record

No Information on Record

No Information on Record

 

Default Listings

 

Date

Details

Comment

 

There are no defaults listed

No Information on Record

Notarial Bonds - No information on record

 

 

Bank Information

 

Bank

STANDARD BANK

Branch

RIVONIA

Brach Code

051001

Bank Account Number

023035614

Type of Account

CHEQUE ACCOUNT

Account Name

DYECHEM INDUSTRIAL (PTY) LTD

Overdraft Facilities

The concern enjoys an overdraft faciltity of R2.8 million rands secured by guarantee

Bank Code

R

Bank Comment

The subject's bankers were unable to provide a bank code as the name and account number is incorrect

 

Bank Code History - No Information on Record

 

Previous Bank Account Information - No Information on Record

 

Deeds Information - No information on record

 

 

Financial Information

 

Financial Estimates

 

CURRENT ASSETS

 

Stock

 

Debtors

 

FIXED ASSETS

 

Plant, Equipment, Vehicles

 

Property

 

CURRENT LIABILITIES

 

Creditors

 

Loans/ From?

 

Loan Details

 

LONG TERM LIABILITIES

 

Morgage Bonds

 

Previous Year Turnover

 

Estimated Current Year Turnover

 

Current Turnover per month

R 2500000.00

Current Turnover per annum

R 30000000.00

Comment

 

 

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

7

Average Age of Active Principals

64

Active Principals Principal - 1of 7 GRAEME PARKER

Surname

PARKER

First Name

GRAEME

Other Names

None

Marital Status

Married

ID Number

5803165236185

Verified ID Number

Yes

Current Age

54

Designation

MANAGER

Status

Active

Appointment Date

2009/09/17

Physical Address (at time of Appointment)

122 TAMBOTIE ROAD, BLUE HILLS, MIDRAND, 0000

Postal Address

PO BOX 30102, KAYALAMI, 1684

Current Tel Number

0114443940

Cell number

0824434943

Shareholding/Membership

0.0000

 

Business Information forGRAEME PARKER Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

DYECHEM INDUSTRIAL (PTY) LTD

M1969/005327/07

In Business

43 Years 7 Months

0

No

 

A 0 CHEMICALS (PTY) LTD

M1988/002307/07

In Business

0

0

No

 

122TAMBOTI STREET (PTY)LTD

M1993/003675/07

In Business

19 Years 7 Months

0

No

 

 

Principal Previous Business Interest

 

Average Age of Previous Business           19 Years

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

ERF 795 LONEHILL EXT 14 CC

B1990/033160/23

Deregistration Final

22 Years 10 Months

0

No

 

G M P PROJECTS CC

B1991/008692/23

Deregistration Final

21 Years 9 Months

0

No

 

J F T CONSTRUCTION CC

B1997/053596/23

Deregistration Final

15 Years 3 Months

0

No

 

 

Principal's Deeds Information - No information on record

 

Principal - 2of 7 HESTER MERTZ

Surname

MERTZ

First Name

HESTER

Other Names

MAGDALENA

Marital Status

Married

ID Number

7506030014087

Verified ID Number

Yes

Current Age

37

Designation

FINANCIAL DIRECTOR

Status

Active

Appointment Date

2009/04/01

Physical Address (at time of Appointment)

250 NADINE STREET, ROBERTVILLE, JOHANNESBURG, GAUTENG, 1700

Postal Address

P 0 BOX 375, MARAISBURG, JOHANNESBURG, GAUTENG, 0017

Current Tel Number

0119533930

Cell number

0824989691

Shareholding/Membership

0.0000

 

 

Business Information forHESTER MERTZ

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

CONTEGO PHARMACEUTICALS (PTY) LTD

K2012/121126/07

In Business

0

0

No

 

DYECHEM INDUSTRIAL (PTY) LTD

M1969/005327/07

In Business

43 Years 7 Months

0

No

 

AZOCHEM LABORATORIES (PTY) LTD

M1974/002575/07

In Business

38 Years 2 Months

1

No

 

 

Principal Previous Business Interest

 

Average Age of Previous Business          

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

 

 

 

 

 

 

 

 

Principal's Deeds Information - No information on record

 

Principal - 3of 7 JAMES FELLINGHAM

Surname

FELLINGHAM

First Name

JAMES

Other Names

None

Marital Status

Married

ID Number

6305065114081

Verified ID Number

Yes

Current Age

49

Designation

 

Status

Active

Appointment Date

2004/08/12

Physical Address (at time of Appointment)

10 WESTLEYROAD, LONEHILL, JOHANNESBURG, GAUTENG, 2000

Postal Address

P 0 BOX 375, MARAISBURG, JOHANNESBURG, GAUTENG, 1700

Current Tel Number

0114725516

Cell number

0823125659

Shareholding/Membership

0.0000

 

Business Information forJAMES FELLINGHAM Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

CONTEGO PHARMACEUTICALS (PTY) LTD

K2012/121126/07

In Business

0

0

No

 

DYECHEM INDUSTRIAL (PTY) LTD

M1969/005327/07

In Business

43 Years 7 Months

0

No

 

PARTICIPATING LEASING (PTY)LTD

M1971/008331/07

In Business

41 Years 5 Months

0

No

 

AZOCHEM LABORATORIES (PTY) LTD

M1974/002575/07

In Business

38 Years 2 Months

1

No

 

HERONBRIDGE COLLEGE

M2001/014539/08

In Business

11 Years 11 Months

0

No

 

 

Principal Previous Business Interest

 

Average Age of Previous Business           20 years

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

GETUP SECURITIES CC

B2006/158998/23

Deregistration Final

6 Years 6 Months

0

No

 

TOOLWORTH DISTRIBUTION (PTY) LTD

M1977/002110/07

In Business

35 Years 11 Months

0

No

 

           

Principal's Deeds Information - No information on record

 

PETER FLETCHER

 

Surname

FLETCHER

First Name

PETER

Other Names

None

Marital Status

Married

ID Number

6909265230082

Verified ID Number

Yes

Current Age

43

Designation

 

Status

Active

Appointment Date

2004/08/12

Physical Address (at time of Appointment)

18ATANA PLACE, SUNNINGHILL, 2157

Postal Address

P 0 BOX 502, SUNNINGHILL, 2157

Current Tel Number

0113931045

Cell number

0825516722

Shareholding/Membership

0.0000

 

Business Information forPETER FLETCHER Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

COPE GENERAL ENGINEERING CC

B2006/094689/23

In Business

6 Years 6 Months

0

No

 

DYECHEM INDUSTRIAL (PTY) LTD

M1969/005327/07

In Business

43 Years 7 Months

0

No

 

A 0 CHEMICALS (PTY) LTD

M1988/002307/07

In Business

0

0

No

 

Principal Previous Business Interest

 

Average Age of Previous Business          

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

 

 

 

 

 

 

 

 

Principal - 5of 7 GLEN FLETCHER

Surname

FLETCHER

First Name

GLEN

Other Names

None

Marital Status

Married

ID Number

3410085033007

Verified ID Number

Yes

Current Age

78

Designation

Director

Status

Active

Appointment Date

1980/01/15

Physical Address (at time of Appointment)

180 TANA ROAD, SUNNINGHILL PARK, SANDTON, 2157

Postal Address

P 0 BOX 30102, KYALAMI, 1684

Current Tel Number

0114443940

Cell number

0825552510

Shareholding/Membership

0.0000

 

Business Information forGLEN FLETCHER Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

GLENJAY PROPERTIES CC

B1989/030512/23

In Business

23 Years 11 Months

0

No

 

DYECHEM INDUSTRIAL (PTY) LTD

M1969/005327/07

In Business

43 Years 7 Months

0

No

 

A 0 CHEMICALS (PTY) LTD

M1988/002307/07

In Business

0

0

No

 

 

Principal Previous Business Interest

 

Average Age of Previous Business          

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

 

 

 

 

 

 

 

 

Principal - 6of 7 JAMES FELLINGHAM

Surname

FELLINGHAM

First Name

JAMES

Other Names

None

Marital Status

Married

ID Number

3105125064083

Verified ID Number

Yes

Current Age

81

Designation

Director

Status

Active

Appointment Date

1980/01/15

Physical Address (at time of Appointment)

91 ST AUDLEY STREET, BRYANSTON, JOHANNESBURG, GAUTENG, 2000

Postal Address

P 0 BOX 375, MARAISBURG, JOHANNESBURG, GAUTENG, 1700

Current Tel Number

0114725516

Cell number

0834602351

Shareholding/Membership

0.0000

 

Business Information forJAMES FELLINGHAM Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

GLENJAY PROPERTIES CC

B1989/030512/23

In Business

23 Years 11 Months

0

No

 

CONTEGO PHARMACEUTICALS (PTY) LTD

K2012/121126/07

In Business

0

0

No

 

PARTICIPATING LEASING HOLDINGS (PTY) LTD

M1956/003084/07

In Business

56 Years 8 Months

0

No

 

LIBCOR INDUSTRIAL FINANCE (PTY)LTD

M1969/003273/07

In Business

43 Years 7 Months

0

No

 

DYECHEM INDUSTRIAL (PTY) LTD

M1969/005327/07

In Business

43 Years 7 Months

0

No

 

ISOLEX (PTY)LTD

M1970/014778/07

In Business

42 Years 6 Months

0

No

 

PARTICIPATING LEASING (PTY)LTD

M1971/008331/07

In Business

41 Years 5 Months

0

No

 

WIRAX (PTY)LTD

M1972/004845/07

In Business

40 Years 4 Months

1

No

 

AZOCHEM LABORATORIES (PTY) LTD

M1974/002575/07

In Business

38 Years 2 Months

1

No

 

DYECHEM (PTY)LTD

M1977/004128/07

In Business

35 Years 11 Months

0

No

 

LIBCOR INDUSTRIAL MACHINERY (PTY) LTD

M1981/010351/07

In Business

31 Years 7 Months

0

No

 

A 0 CHEMICALS (PTY) LTD

M1988/002307/07

In Business

0

0

No

 

1P S GROUP HOLDINGS (PTY) LTD

M1994/000258/07

Deregistration Process

18 Years 6 Months

0

No

 

DRILLSTAR ENGINEERING SOUTH AFRICA (PTY) LTD

M1997/014064/07

In Business

15 Years 3 Months

0

No

 

 

Principal Previous Business Interest

 

Average Age of Previous Business Years 32

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

FACETS

AROAAATHERAPY AAARKETING CC

B1992/009087/23

In Business

20 Years 8 Months

0

No

 

SPECIALISED INDUSTRIAL FINISHERS (PTY) LTD

M1956/001633/07

Deregistration Final

56 Years 8 Months

0

No

 

TOOLWORTH DISTRIBUTION (PTY) LTD

M1977/002110/07

In Business

35 Years 11 Months

0

No

 

INTERNATIONAL PARKING SYSTEAAS (PTY) LTD

M1994/000270/07

Deregistration Final

18 Years 6 Months

0

No

 

 

Principal's Deeds Information - No information on record

Principal - 7of 7 NVT JOHANNESBURG SECRETARIAL SERV (PTY) LTD

 

Surname

JOHANNESBURG SECRETARIAL SERV (PTY) LTD

First Name

NVT

ID Number

010101

Verified ID Number

No

Current Age

111

Designation

Officer

Status

Active

Physical Address (at time of Appointment)

2ND FLOOR ENTRANCE 3 SANLAM ARENA, 10 CRADOCK AVENUE, ROSEBANK, JOHANNESBURG, 2146

Postal Address

P O BOX 52896, SAXONWOLD, 2132

Shareholding/Membership

0.0000

 

Business Information forNVT JOHANNESBURG SECRETARIAL SERV (PTY) LTD Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

ADREBEX CC

B1996/060006/23

In Business

16 Years 4 Months

0

No

 

AAAVIDAN INVESTMENTS (PTY) LTD

M1955/001790/07

Conversion CO/CC or CC/CO

57 Years 9 Months

0

No

 

JOE GADDIE DIAMONDS (PTY) LTD

M1959/003567/07

Conversion CO/CC or CC/CO

53 Years 5 Months

0

No

 

TANHOLM SAFFER FAMILY HOLDINGS (PTY) LTD

M1967/002907/07

In Business

45 Years 9 Months

0

No

 

TORCAS TOWNSHIP (PTY) LTD

M1967/004383/07

In Business

45 Years 9 Months

1

No

 

GLYNIS FINANCE (PTY) LTD

M1968/006688/07

In Business

44 Years 8 Months

0

No

 

JOSELL INVESTMENTS (PTY) LTD

M1968/010900/07

In Business

44 Years 8 Months

0

No

 

DYECHEM INDUSTRIAL (PTY) LTD

M1969/005327/07

In Business

43 Years 7 Months

0

No

 

TANANNSAF HOLDINGS (PTY) LTD

M1976/001621/07

In Business

0

0

No

 

 

 

Principal Previous Business Interest

 

Average Age of Previous Business Years 31

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

SPECIAL PRICE BAZAAR CC

B1996/041713/23

Deregistration Final

16 Years 4 Months

0

No

 

TROTS OUTFITTERS (PTY) LTD

M1953/001218/07

Conversion CO/CC or CC/CO

59 Years 11 Months

0

No

 

JESSID INVESTMENTS (PTY) LTD

M1972/003395/07

Deregistration Final

40 Years 4 Months

0

No

 

STRENGTH SYSTEMS (PTY) LTD

M1972/009549/07

Deregistration Final

40 Years 4 Months

0

No

 

SYLVIA MILLER INVESTMENTS (PTY) LTD

M1972/012490/07

Deregistration Final

40 Years 4 Months

0

No

 

SAN-D-ESTATES (PTY) LTD

M1973/003780/07

Deregistration Final

39 Years 3 Months

0

No

 

R AND L PROOS (PTY) LTD

M1973/010280/07

Deregistration Final

39 Years 3 Months

0

No

 

REUB-GINGE"S FAMILY NOMINEES (PTY)LTD

M1973/013646/07

Deregistration Final

39 Years 3 Months

0

No

 

THEOHOL (PTY)LTD

M1975/001893/07

Deregistration Final

37 Years 1 Months

0

No

 

PAGADE (PTY)LTD

M1975/002165/07

Deregistration Final

37 Years 1 Months

0

No

 

CORRAMET INDUSTRIES (PTY)LTD

M1977/002925/07

Deregistration Final

35 Years 11 Months

0

No

 

BOGDANA PROPERTY AND INVESTMENTS (PTY) LTD

M1977/004318/07

Dissolved

35 Years 11 Months

0

No

 

GOOLSHA TRADING COMPANY (PTY)LTD

M1978/001082/07

Dissolved

34 Years 10 Months

0

No

 

TIME IMPORT AND EXPORT (PTY)LTD

M1979/002272/07

Deregistration Final

33 Years 9 Months

0

No

 

DEMIDI PROPERTY (PTY) LTD

M1981/001232/07

Deregistration Final

31 Years 7 Months

0

No

 

MR BLOCKAGE (PTY) LTD

M1982/000476/07

Deregistration Final

30 Years 6 Months

0

No

 

INDUSTRIAL VIBRATION MONITORING (PTY) LTD

M1982/005463/07

Deregistration Final

30 Years 6 Months

0

No

 

JOELEN FINANCE (PTY) LTD

M1982/006229/07

Deregistration Final

30 Years 6 Months

0

No

 

DEALE AND HUTH (BLACKHEATH) (PTY) LTD

M1982/006781/07

Dissolved

30 Years 6 Months

0

No

 

LAING FAMILY INVESTMENTS (PTY) LTD

M1982/010738/07

Voluntary Liquidation

30 Years 6 Months

0

Yes

 

ARDEATTY INVESTMENTS (PTY) LTD

M1986/003903/07

In Business

26 Years 2 Months

0

No

 

FILTRA (PTY)LTD

M1986/005012/07

Dissolved

26 Years 2 Months

0

No

 

AJAYTTY INVESTMENTS (PTY) LTD

M1987/000011/07

Deregistration Final

25 Years 1 Months

0

No

 

TERDAN (PTY)LTD

M1988/005901/07

Deregistration Final

 

0

No

 

FLOHEAT (PTY)LTD

M1988/006163/07

Deregistration Final

 

0

No

 

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.54.20

UK Pound

1

Rs.86.99

Euro

1

Rs.70.22

 

 

INFORMATION DETAILS

 

Report Prepared by :

SDA

 

 

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%)

 

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.