|
Report Date : |
29.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
WARREN CHEM SPECIALITIES (PTY)LTD |
|
|
|
|
Formerly Known As : |
WARREN CHEM SPECIALITIES CC |
|
|
|
|
Registered Office : |
11 Mansell Road, Killarney Gardens, Milnerton, 7441 |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
25.04.2000 |
|
|
|
|
Com. Reg. No.: |
M2000/008419/07 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Wholesale trade in agricultural raw materials and livestock |
|
|
|
|
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and outdated infrastructure has constrained growth.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 |
WARREN CHEM SPECIALITIES (PTY)LTD |
|
Country |
SOUTH AFRICA |
|
Subject Contact Person |
PAUL - Sales |
|
Assessment |
This is a well-established and well -connected business. On
investigation contact was made with PAUL who assisted with the information.
The business has been in operation for over 24 years. The highest credit
exposure is ten million over 45 days. A bank code could not be obtained as
the account number was not made available. No adverse information was
revealed. The physical address provided by yourselves is that of the
business's branch in Edenvale, Johannesburg. Please see the information
obtained below. |
|
Registered Name |
WARREN CHEM SPECIALITIES (PTY)LTD |
|
Trading as/ Division Name |
WARREN CHEM |
|
Previous Name |
WARREN CHEM SPECIALITIES CC |
|
Date of Name Change |
APRIL 2000 |
|
Registration Number |
M2000/008419/07 |
|
Registration Date |
2000/04/25 |
|
Date Commenced Trading |
1991 |
|
Age of Business |
12 Years 6 Months |
|
History of Business |
WARREN CHEM SPECIALITIES CC was registered in 1991 and
later converted to a Private Company in April 2000 |
|
History of Principals |
Unavailable |
|
Shareholders/Members/Partners of subject and % holding |
Unavailable |
|
Authorised Share Capital |
R0.00 |
|
Issued Share Capital/Members Contribution |
R0.00 |
|
Status |
In Business |
|
Operations Assessment |
The company is
involved in the supply of raw material to various sectors |
|
Industry/ Customers |
Pharmaceutical,Food and Beverage ,Chemical sector |
|
Export |
Yes |
|
Export Countries |
Zimbabwe |
|
Import |
Yes |
|
Import Countries |
American Samoa,China,Germany,India |
|
Major Industry Code / SICC |
61210 |
|
Definition of Code |
Wholesale trade in agricultural raw materials and livestock |
|
Head Office Physical Address |
11 Mansell Road, Killarney Gardens, Milnerton, 7441 |
|
Head Office Postal Address |
PO Box 36846, Chempet, Cape Town, 7442 |
|
Current Tel Number |
0215561920 |
|
Cell Number |
|
|
Current Fax Number |
0215561905 |
|
Current Email Address |
i nf o@warre nc he met. co. za |
|
Web Site Address |
|
|
Comments |
|
|
Company Registered Name |
CECIL KILPIN EN KIE GR(SA) |
|
Trading Name |
CECIL KILPIN |
|
Registration Number |
Sole Proprietor |
|
Physical Address |
Medical Centre, Hill Street, Vredenburg, 7380 |
|
Postal Address |
POSBUS12, VREDENBURG, 7380 |
|
Contact Person |
JOHAN VOS |
|
Contact Number |
022 7132295 |
|
Email |
|
|
Principals |
1 |
|
Judgements Against Subject |
No information on file |
|
Judgements Against Principals |
No information on file |
|
Subject Verified as Client |
Yes |
|
Practice Number |
|
|
VAT Number |
4710109572 |
|
Tax Number |
|
|
BEE Status |
None |
|
Financial Year End |
|
|
No of years in Business |
20 |
|
Website |
|
|
Comment |
|
Previous Auditors
|
Company
Name |
Phone Number |
Time
with previous auditors |
Comment |
|
CECIL
KILPIN AND COMPANY |
|
Unknown |
|
|
Vat Number |
4740102209 |
|
Status |
ACTIVE |
|
Vat Liable Date |
1991/09/30 |
|
Tax Number |
9885006149 |
|
Tax Clearance Expire Date |
|
|
Financial Year End |
February |
|
Comment |
|
|
Black Economic Empowerment |
|
|
Status |
Yes |
|
Score |
1.00 |
|
Expire Date |
|
|
BEE Certificate Available |
Yes |
|
Comment |
|
|
ISO Status |
|
|
Type of ISO Grade |
ISO 9001:2008 |
|
ISO Certificate |
Yes |
|
ISO Certificate Available |
Yes |
|
Certified by an Accredited Agent |
Yes |
|
Comment |
|
|
Workman's compensation |
|
|
Registered |
Yes |
|
Compliance Certified |
Yes |
|
Comment |
|
Subsidiaries
Information - No Information on Record
Employees
|
Employees |
||||
|
Number of Employees |
50 |
|||
|
1. Salaried employees |
50 |
|||
|
2. Waged employees |
0 |
|||
|
3. Permanent employees |
|
|||
|
4. Casual employees |
|
|||
|
5. Contracted employees |
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|||
|
Comment |
|
|||
|
Company Fleet |
||||
|
Company Fleet |
No of vehicles: |
Ownerd/Leased |
Value |
Outstanding Balance |
|
Fleet Operations |
|
|
|
|
|
The Fleet is made up of |
|
|||
|
Comment |
Further details were not
made available |
|||
|
Light delivery Vehicles |
|
Owned |
|
|
|
Offices |
Offices |
|
Head Office Owned/ Rented |
Owned |
|
Rental Company |
|
|
Lease Expire Date |
|
|
Type of Premises |
Office building |
|
Comment |
|
Branch Information
|
Branches Names |
Country |
Province |
|
Warren Chem
Specialities (Pty)Ltd-Edenvale |
South Africa |
GAUTENG |
|
Branch Detail Information |
||
|
Lease Expire Date |
|
|
|
Type of Premises |
|
|
|
Comment |
34
Brunton Circle Founders Hill,Edenvale, Gauteng, 1645011 396 3733011 396 3734info@warrenchem.co.za |
|
Organisation Chart
|
Level |
Position |
Name |
Comment |
|
|
|||
|
1 |
ROGER
WARREN |
AAANAGING
DIRECTOR |
|
|
|
|||
|
2 |
DIRECTOR |
ANDRE
COLLINS |
|
|
|
|||
|
3 |
CEO |
BARBARA
COLLINS |
|
Company Structure Information - No
Information on Record
Note: One level up and all levels down
Key Deals - No Information on Record
|
Trade
Reference nr |
Supplier |
Contact |
Surety Value |
Notarial Bonds |
Comment |
|
1 |
SKYLINE
FREIGHT |
011
396 2030 |
|
|
|
|
2 |
Protea
Chemicals |
021
550 8111 |
|
|
|
Trade References Detail
|
Nr |
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
|
1 |
2002 |
R10000000.00 |
R
5200000 |
45 DAYS |
R
2000000 |
45
DAYS |
EXCELLENT
ACCOUNT |
|
2 |
10
Years |
R10000.00 |
R
20000 |
30 days |
R10000 |
30
days |
The subject is
allowed to exceed their credit limit |
Judgements
|
Judgements |
NONE |
|
Possible Judgements |
NONE |
|
Civil Court |
NONE |
|
RDs |
NONE |
|
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 |
|
Date |
Details |
Comment |
|
|
NONE |
No
Information on Record |
|
Notarial Bonds |
||
|
Date |
Details |
Comment |
|
|
NONE |
No
Information on Record |
|
Bank |
ABSA BANK |
|
Branch |
UNDISCLOSED |
|
Brach Code |
UNDISCLOSED |
|
Bank Account Number |
UNDISCLOSED |
|
Type of Account |
UNDISCLOSED |
|
Account Name |
WARREN CHEM SPECIALITIES (PTY)LTD |
|
Overdraft Facilities |
UNDISCLOSED |
|
Bank Code |
P |
|
Bank Comment |
A Bank code could not be obtained as the subject declined
to provide a bank account number |
Bank Code History -
No Information on Record
Previous Bank Account
Informat ion - No Information on Record
Deeds Information -
No information on record
Financial Estimates
|
Current Turnover per annum |
|
|
Comment |
All financial information was not made available |
|
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 |
5 |
|
Average Age of Active Principals |
58 |
|
Active
Principals Principal - 1of 5 ROGER WARREN |
|
|
Surname |
WARREN |
|
First Name |
ROGER |
|
Other Names |
NONE |
|
Marital Status |
Married |
|
ID Number |
5411095149088 |
|
Verified ID Number |
Yes |
|
Current Age |
58 |
|
Designation |
MANAGING DIRECTOR |
|
Status |
Active |
|
Appointment Date |
2000/04/25 |
|
Physical Address (at time of Appointment) |
5 VALMAR ROAD, EVERSDAL, DURBANVILLE, 7550 |
|
Postal Address |
PO BOX 36846, CHEMPET, 7441 |
|
Current Tel Number |
0215561920 |
|
Cell number |
0828855616 |
|
Shareholding/Membership |
0.0000 |
Principal's Adverse -
No information on record
Business Information
forR OGER WARREN
Principal Current
Business Interests
|
Company Name |
Registration
No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
WARREN CHEM
PHARMACEUTICALS (PTY) LTD |
M1995/010251/07 |
In
Business |
17 Years 5 Months |
0 |
No |
|
|
WARREN CHEM SPECIALITIES (PTY) LTD |
M2000/008419/07 |
In
Business |
0 |
0 |
No |
|
Principal's Deeds
Information - No information on record
|
Principal
- 2of 5 ELSABE WARREN |
|
|
Surname |
WARREN |
|
First Name |
ELSABE |
|
Other Names |
NONE |
|
Marital Status |
Married |
|
ID Number |
5712080035087 |
|
Verified ID Number |
Yes |
|
Current Age |
55 |
|
Designation |
DIRECTOR |
|
Status |
Active |
|
Appointment Date |
2000/04/25 |
|
Physical Address (at time of Appointment) |
5 VALMAR ROAD, EVERSDAL, DURBANVILLE, 7550 |
|
Postal Address |
PO BOX 36846, CHEMPET, 7441 |
|
Current Tel Number |
0215561920 |
|
Cell number |
|
|
Shareholding/Membership |
0.0000 |
Principal's Adverse -
No information on record
Business Information
forE LSABE WARREN
Principal Current
Business Interests
|
Company Name |
Registration
No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
WARREN CHEM
PHARMACEUTICALS (PTY) LTD |
M1995/010251/07 |
In
Business |
17 Years 5 Months |
0 |
No |
|
|
WARREN CHEM SPECIALITIES (PTY) LTD |
M2000/008419/07 |
In
Business |
0 |
0 |
No |
|
Principal's Deeds
Information - No information on record
|
Principal
- 3of 5 ANDRE COLLINS |
|
|
Surname |
COLLINS |
|
First Name |
ANDRE |
|
Other Names |
NONE |
|
Marital Status |
Married |
|
ID Number |
4808095063089 |
|
Verified ID Number |
Yes |
|
Current Age |
64 |
|
Designation |
DIRECTOR |
|
Status |
Active |
|
Appointment Date |
2000/04/25 |
|
Physical Address (at time of Appointment) |
72 BAY BEACH AVENUE, SUNSET LINKS, MILNERTON, 7441 |
|
Postal Address |
PO BOX 36846, CHEMPET, 7441 |
|
Current Tel Number |
0215561920 |
|
Cell number |
0832875870 |
|
Shareholding/Membership |
0.0000 |
Principal's Adverse -
No information on record
Business Information
forA NDRE COLLINS
Principal Current
Business Interests
|
Company Name |
Registration
No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
LIJENI WINES CC |
B2001/036754/23 |
In
Business |
11 Years 11 Months |
0 |
No |
|
|
WARREN CHEM PHARMACEUTICALS (PTY) LTD |
M1995/010251/07 |
In
Business |
17 Years 5 Months |
0 |
No |
|
|
WARREN CHEM SPECIALITIES (PTY) LTD |
M2000/008419/07 |
In
Business |
0 |
0 |
No |
|
|
DORINGBAAI HOOGTES EIENDOMSBELEGGI NGS (PTY)LTD |
M2005/007102/07 |
In
Business |
7 Years 7 Months |
0 |
No |
|
Principal Previous
Business Interests
Average Age of Previous Business 15 Years
|
Company Name |
Registration No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
BEAR CHEMICALS CC |
B1991/008939/23 |
Deregistration
Final |
21 Years 9 Months |
0 |
No |
|
|
SHOREBIRD
TRADING 3 CC |
B2003/098119/23 |
Deregistration
Final |
9
Years 9 Months |
0 |
No |
|
Principal's Deeds Information
- No information on record
Principal - 4of 5
BARBARA COLLINS
|
Surname |
COLLINS |
|
First Name |
BARBARA |
|
Other Names |
NONE |
|
Marital Status |
Married |
|
ID Number |
5408110120086 |
|
Verified ID Number |
Yes |
|
Current Age |
58 |
|
Designation |
DIRECTOR |
|
Status |
Active |
|
Appointment Date |
2000/04/25 |
|
Physical Address (at time of Appointment) |
72 BAY BEACH AVENUE, SUNSET LINKS, MILNERTON, 7441 |
|
Postal Address |
PO BOX 36846, CHEMPET, 7441 |
|
Current Tel Number |
|
|
Cell number |
0832279295 |
|
Shareholding/Membership |
0.0000 |
Principal's Adverse -
No information on record
Business Information
forB ARBARA COLLINS
Principal Current
Business Interests
|
Company Name |
Registration
No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
LIJENI WINES CC |
B2001/036754/23 |
In
Business |
11 Years 11 Months |
0 |
No |
|
|
WARREN CHEM PHARMACEUTICALS (PTY) LTD |
M1995/010251/07 |
In
Business |
17 Years 5 Months |
0 |
No |
|
|
WARREN CHEM SPECIALITIES (PTY) LTD |
M2000/008419/07 |
In
Business |
0 |
0 |
No |
|
Principal Previous
Business Interests
Average Age of Previous Business 21 Years
|
Company
Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
BEAR CHEMICALS CC |
B1991/008939/23 |
Deregistration
Final |
21
Years 9 Months |
0 |
No |
|
Principal's Deeds
Information - No information on record
|
Principal
- 5of 5 EDWARD SPARG |
|
|
Surname |
SPARG |
|
First Name |
EDWARD |
|
Other Names |
CLAUDE |
|
Marital Status |
|
|
ID Number |
3910395131002 |
|
Verified ID Number |
No |
|
Current Age |
Unknown |
|
Designation |
|
|
Status |
Deceased |
|
Appointment Date |
|
|
Physical Address (at time of Appointment) |
VYGEBOOMSTRAAT 102, SONSTRAAL, DURBANVILLE, 7550 |
|
Postal Address |
VYGEBOOMSTRAAT 102, SONSTRAAL, DURBANVILLE, 7550 |
|
Current Tel Number |
|
|
Cell number |
|
|
Shareholding/Membership |
|
Principal's Adverse -
No information on record
Business Information
forE DWARD SPARG
Principal Current
Business Interests
|
Company Name |
Registration
No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
WARREN CHEM SPECIALITIES
(PTY) LTD |
M2000/008419/07 |
In
Business |
0 |
0 |
No |
|
Principal's Deeds
Information - No information on record
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.85 |
|
UK Pound |
1 |
Rs.88.40 |
|
Euro |
1 |
Rs.72.63 |
INFORMATION DETAILS
|
Report
Prepared by : |
PDT |
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.