|
Report Date : |
27.02.2012 |
IDENTIFICATION DETAILS
|
Name : |
LANXESS (PTY) LTD |
|
|
|
|
Registered Office : |
Building 15, Greenstone Hill Office Park Emerald Boulevard
Modderfotein 2065 |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
27.11.1981 |
|
|
|
|
Com. Reg. No.: |
M1981/011724/07 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Manufacture
of coke, refined petroleum products and nuclear fuel; manufacture of chemical
products; manufacture of rubber and plastic products. |
|
|
|
|
No. of Employees : |
140 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
South Africa |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
|
Subject Name |
LANXESS
(PTY) LTD |
|
Country |
SOUTH
AFRICA |
|
Requested Credit Limit |
R
1 500 000 |
|
Enquiry Terms |
|
|
Account Review |
EVERY
6 MONTHS |
|
Subject Contact person |
MR
PATRICK O’GRADY |
|
Assessment |
This is a well
established company that has a large property portfolio. There is no adverse information on the subject or
the principals. A bank code could notbe obtainedbecause of the
invalid account number given, even though
the company has stated the account numberis correct. The company declined toprovide trade references. |
|
Registered Name |
LANXESS (PTY) LTD |
|
Trading as/ Division Name |
None |
|
Previous Name |
None |
|
Date of Name Change |
None |
|
Registration Number |
M1981/011724/07 |
|
Registration Date |
1981-11-27 |
|
Date Commenced Trading |
1981-11-27 |
|
Age of Business |
30 Years 3 Months |
|
History of Business |
None |
|
History of Principals |
None |
|
Shareholders/Members/Partners of subject
and % holding |
% LANXESS a company in Germany |
|
Authorised Share Capital |
R100 |
|
Issued Share Capital/Members Contribution |
R100 |
|
Status |
This Business is Active |
|
Operations Assessment |
The subject produces a wide range of
products and servicesarefocused on polymers, intermediate products and
specialty chemicals. |
|
Industry/ Customers |
Various |
|
Export |
No |
|
Major Industry Code / SICC |
33100 |
|
Definition of Code |
Manufacture of coke, refined petroleum products and nuclear fuel;
manufacture of chemical products; manufacture of rubber and plastic products. |
|
Head Office Physical Address |
Building 15, Greenstone Hill Office Park Emerald Boulevard MODDERFOTEIN 2065 |
|
Head Office Postal Address |
PO Box 1161 EDENVALE 1610 |
|
Current Tel Number |
011 4574000 |
|
Cell number |
082 6519028 |
|
Current Fax Number |
011 4574090 |
|
Current Email Address |
Unavailable |
|
Web Site Address |
www.lanxess.co.za |
|
Company Registered Name |
PRICEWATERHOUSECOOPERS INC |
|
Trading Name |
PWC INC |
|
Registration Number |
1998/012055/21 |
|
Physical Address |
2 Eglin Road SUNNINGHILL 2157 |
|
Postal Address |
Private Bag X36 SUNNINGHILL 2157 |
|
Contact Person |
Leon Dewit |
|
Contact Number |
011 797 4000 |
|
Email |
Unavailable |
|
Principals |
246 |
|
Judgements Against Subject |
None |
|
Judgements Against Principals |
None |
|
Subject Verified as Client |
Yes |
|
SAICA number |
Unavailable |
|
VAT Number |
4950174682 |
|
Tax Number |
9343032844 |
|
BEE Status |
Level 2 |
|
Financial Year End |
June |
|
Years With Auditors |
14 Years |
|
Website |
www.pwc.com |
|
Company Name |
Phone Number |
Time with previous auditors |
|
ERNEST & YOUNG REGISTERED AUDITORS INC |
|
6 Years |
|
Vat Number |
4430211914 |
|
Status |
Active |
|
Vat Liable Date |
2004-07-01 |
|
Tax Number |
9299029208 |
|
Tax Clearance Expire Date |
Unavailable |
|
Financial Year End |
December |
|
Status |
No |
|
Score |
No |
|
Expire Date |
No |
|
BEE Certificate Available |
No |
|
Type of ISO Grade |
No |
|
ISO Certificate |
No |
|
ISO Certificate Available |
No |
|
Certified by an Accredited Agent |
No |
|
Registered |
No |
|
Compliance Certified |
No |
Subsidiaries
|
Subsidiary Company |
None |
|
Shareholding |
|
|
Registration Number |
|
|
Import / Export |
|
|
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 |
None |
|
|
|
|
The Fleet is made up of |
|
|||
|
1. Cars |
|
|
|
|
|
2. Light
Delivery Vehicles |
|
|
|
|
|
3. Trailers |
|
|
|
|
|
4. Busses |
|
|
|
|
|
5. Trucks |
|
|
|
|
|
6. Fork
Lifts |
|
|
|
|
|
7. Other |
|
|
|
|
|
Offices |
Yes |
Head Office Owned/ Rented |
Rented |
|
Rental Company |
BARROW CONSTRUCTION |
|
Owned by |
|
|
Value |
|
|
Bond |
|
|
Bank |
|
|
Lease Agreement |
Annual |
|
Lease Expire Date |
Unavailable |
|
Type of Premises |
Offices |
|
Branches Names |
Country |
Province |
|
None |
|
|
Branches Owned/ Rented |
None |
|
Rental Company |
|
|
Owned |
|
|
Value |
|
|
Bank |
|
|
Bond |
|
|
Lease Agreement |
|
|
Lease Expire Date |
|
|
Type of Premises |
|
Note: One level up and
all levels down
|
Company |
Value |
Contact |
|
None |
|
|
|
Trade Reference nr |
Supplier |
Contact |
|
1 |
SASOL |
011 441 3111 |
Further trade references were declined bythe company.
Trade References
Detail
|
Nr |
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
|
1 |
Do |
Not |
Give |
Trade |
Reference |
|
|
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 |
CITY BANK |
|
Branch |
SANDTON |
|
Bank Account Number |
200903129 |
|
Type of Account |
CURRENT |
|
Account Name |
|
|
Overdraft Facilities |
|
|
Date Opened |
|
|
Bank Code |
Noneclient insist the account number is correct. |
|
Bank Comment |
The bank stated the account number is invalid therefore could not provide
a bank code. The company insists the account number is correct. |
Bank Codes History
|
Date requested |
Bank Code |
Enquiry Amount |
Number of RD’s |
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. |
T7218/2006 |
Erf/Site No. |
|
|
Deeds Office |
PIETERMARITZBURG |
Physical Address |
57 TOMANGO
MOBENI DURBAN SOUTH |
|
Property Type |
Freehold / Ervin |
Extent / Size |
7414.0SQM |
|
Purchase Date |
2004-07-01 |
Purchase price |
R 2 578 045,00 |
|
% Ownership |
0.0000 |
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
R 0.00 |
|
Title Deed No. |
T7218/2006 |
Erf/Site No. |
|
|
Deeds Office |
PIETERMARITZBURG |
Physical Address |
MOBENI DURBAN
SOUTH |
|
Property Type |
Freehold / Ervin |
Extent / Size |
182.0SQM |
|
Purchase Date |
2004-07-01 |
Purchase price |
R 2 578 045.00 |
|
% Ownership |
0.0000 |
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
R 0.00 |
|
Title Deed No. |
T7218/2006 |
Erf/Site No. |
|
|
Deeds Office |
PIETERMARITZBURG |
Physical Address |
MOBENI DURBAN
SOUTH |
|
Property Type |
Freehold / Ervin |
Extent / Size |
4759.0SQM |
|
Purchase Date |
2004-07-01 |
Purchase price |
R 2 578 045.00 |
|
% Ownership |
0.0000 |
Bond Holder |
|
|
Bond Number |
B3781977 |
Bond Amount |
R 0.00 |
|
Title Deed No. |
T7218/2006 |
Erf/Site No. |
|
|
Deeds Office |
PIETERMARITZBURG |
Physical Address |
MOBENI DURBAN
SOUTH |
|
Property Type |
Freehold / Ervin |
Extent / Size |
582.0SQM |
|
Purchase Date |
2004-07-01 |
Purchase price |
R 2 578 045.00 |
|
% Ownership |
0.0000 |
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
R 0.00 |
|
Title Deed No. |
T7218/2006 |
Erf/Site No. |
|
|
Deeds Office |
PIETERMARITZBURG |
Physical Address |
136 BALLANTRAE MOBENI DURBAN |
|
Property Type |
Freehold / Ervin |
Extent / Size |
2.215SQM |
|
Purchase Date |
2004-07-01 |
Purchase price |
R 2 578 045.00 |
|
% Ownership |
0.0000 |
Bond Holder |
|
|
Bond Number |
B3781977 |
Bond Amount |
R 0.00 |
|
Title Deed No. |
T7218/2006 |
Erf/Site No. |
|
|
Deeds Office |
PIETERMARITZBURG |
Physical Address |
53 TOMANGO
MOBENI DURBAN SOUTH |
|
Property Type |
Freehold / Ervin |
Extent / Size |
645.0SQM |
|
Purchase Date |
2004-07-01 |
Purchase price |
R 2 578 045.00 |
|
% Ownership |
0.0000 |
Bond Holder |
|
|
Bond Number |
B3781977 |
Bond Amount |
R 0.00 |
|
Title Deed No. |
T39390/2005 |
Erf/Site No. |
|
|
Deeds Office |
PIETERMARITZBURG |
Physical Address |
17 ALBARTROS
AVIARY HILL NEWCASTLE |
|
Property Type |
Freehold / Ervin |
Extent / Size |
1599.0SQM |
|
Purchase Date |
2005-05-16 |
Purchase price |
R 950 000.00 |
|
% Ownership |
0.0000 |
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
R 0.00 |
Financial
Information
Financial
Estimates
|
CURRENT ASSETS |
Declined |
|
Stock |
|
|
Debtors |
|
|
FIXED ASSETS |
|
|
Plant, Equipment, Vehicles |
|
|
Property |
|
|
CURRENT LIABILITIES |
|
|
Creditors |
|
|
Loans/ From? |
|
|
LONG TERM LIABILITIES |
|
|
Morgage Bonds |
|
|
Previous Year Turnover |
|
|
Estimated Current Year Turnover |
|
|
Current Turnover per month |
|
|
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 |
4 |
|
Average Age of Active Principals |
51 |
Active
Principals
Principal 1 of 4: KARL-RUDOLF CHRISTOPH
FRIEDRICH GASSEN
|
Surname |
GASSEN |
|
First Name |
KARL-RUDOLF |
|
Other Names |
CHRISTOPHFRIEDRICH |
|
Marital Status |
Married |
|
ID Number |
580130000000 |
|
Verified ID Number |
No |
|
Current Age |
54 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2011-02-01 |
|
Physical Address (at time of Appointment) |
13 Forres Avenue Blue Valley Estate CENTURION 0157 |
|
Postal Address |
PO Box 1161 E4DENVALE 1610 |
|
Current Tel Number |
Unavailable |
|
Cell number |
Unavailable |
|
Current Fax Number |
Unavailable |
|
Current Email Address |
Unavailable |
|
Shareholding |
(if the principal owns shares) |
Adverse
Information for KARL-RUDOLF CHRISTOPH FRIEDRICH GASSEN
Judgement
|
Number of
Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Business
Information for: KARL-RUDOLF CHRISTOPH FRIEDRICH GASSEN
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
BAYER (PTY) LTD |
M1968/011192/07 |
In Business |
43 Years 5 Months |
0 |
No |
|
LANXESS CISA (PTY) LTD |
M1996/014329/07 |
In Business |
15 Years 4 Months |
0 |
No |
Previous Business Interests
|
Average Age of
Previous Business Interests |
None |
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
None |
|
|
|
|
|
Deeds Information
Property Interestsfor: KARL-RUDOLF CHRISTOPH
FRIEDRICH GASSEN
|
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 4: BJOERN HAKAN SKOGUM
|
Surname |
SKOGUM |
|
First Name |
HAKAN |
|
Other Names |
BJOERN |
|
Marital Status |
Married |
|
ID Number |
590704000000 |
|
Verified ID Number |
No |
|
Current Age |
53 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2009-08-01 |
|
Physical Address (at time of Appointment) |
786 Archwood Circle DAINFERN 2055 |
|
Postal Address |
PO Box 143 ISANDO 1600 |
|
Current Tel Number |
Unavailable |
|
Cell number |
Unavailable |
|
Current Fax Number |
Unavailable |
|
Current Email Address |
Unavailable |
|
Shareholding |
(if the principal owns shares) |
Adverse
Information for: BJOERN HAKAN SKOGUM
Judgement
|
Number of
Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Business
Information for: BJOERN HAKAN SKOGUM
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
LANXESS MINING (PTY) LTD |
1987/002807/07 |
In Business |
24 Years 8 Months |
0 |
No |
|
RUSTERNBURG CHROME MINE HOLDINGS (PTY) LTD |
2004/014073/07 |
In Business |
7 Years 9 Months |
0 |
No |
|
BAYER (PTY) LTD |
M1968/0111192 |
In Business |
43 Years 5 Months |
0 |
No |
|
AGREVO SOUTH AFRICA (PTY) LTD |
M1993/006650/07 |
In Business |
18 Years 3 Months |
0 |
No |
Previous Business Interests
|
Average Age of Previous
Business Interests |
None |
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
None |
|
|
|
|
|
Deeds Information
Property Interestsfor: BJOERN HAKAN SKOGUM
|
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 3 of 4: MARKUS ECKERT
|
Surname |
ECKERT |
|
First Name |
MARKUS |
|
Other Names |
None |
|
Marital Status |
Unavailable |
|
ID Number |
7104280000000 |
|
Verified ID Number |
No |
|
Current Age |
41 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2009-08-01 |
|
Physical Address (at time of Appointment) |
12 Friedrich Schmidt Strasse 50931 Colgogne GERMANY 0000 |
|
Postal Address |
Lanxess GMBH Building B106 D-51368 LEVERKUSSEN GERMANY 0000 |
|
Current Tel Number |
Unavailable |
|
Cell number |
Unavailable |
|
Current Fax Number |
Unavailable |
|
Current Email Address |
Unavailable |
|
Shareholding |
(if the principal owns shares) |
Adverse
Information for: MARKUS ECKERT
Judgement
|
Number of
Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Business
Information for: MARKUS ECKERT
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
LANXESS MINING (PTY) LTD |
1987/002807/07 |
In Business |
24 Years 8 Months |
0 |
No |
|
RUSTERNBURG CHROME MINE HOLDINGS (PTY) LTD |
2004/014073/07 |
In Business |
7 Years 9 Months |
0 |
No |
|
LANXESS CISA (PTY) LTD |
M1996/014329/07 |
In Business |
15 Years 4 Months |
0 |
No |
Previous Business Interests
|
Average Age of
Previous Business Interests |
None |
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
None |
|
|
|
|
|
Deeds Information
Property Interestsfor: MARKUS ECKERT
|
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 4 of 4: PATRICK O’GRADY
|
Surname |
O’GRADY |
|
First Name |
PATRICK |
|
Other Names |
None |
|
Marital Status |
Unavailable |
|
ID Number |
5404015071086 |
|
Verified ID Number |
Yes |
|
Current Age |
58 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2004-07-01 |
|
Physical Address (at time of Appointment) |
68 DeneysRietz Road Roodevelt Park JOHANNESBURG 2000 |
|
Postal Address |
PO Box 1161 EDENVALE 1609 |
|
Current Tel Number |
011 4574032 |
|
Cell number |
082 6519028 |
|
Current Fax Number |
Unavailable |
|
Current Email Address |
Unavailable |
|
Shareholding |
(if the principal owns shares) |
Adverse
Information for: PATRICK O”GRADY
Judgement
|
Number of
Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Business
Information for: PATRICK O”GRADY
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
LANXESS MINING (PTY) LTD |
1987/002807/07 |
In Business |
24 Years 8 Months |
0 |
No |
|
RUSTERNBURG CHROMA MINE HOLDINGS (PTY) LTD |
2004/014073/07 |
In Business |
7 Years 9 Months |
0 |
No |
|
DIRLEM (PTY) LTD |
M1981/011724/07 |
In Business |
5 Years 4 Months |
0 |
No |
|
LANXESS CISA (PTY) LTD |
M1996/014329/07 |
In Business |
15 Years 4 Months |
0 |
No |
Previous Business Interests
|
Average Age of
Previous Business Interests |
None |
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
None |
|
|
|
|
|
Deeds Information
Property Interestsfor: PATRICK O”GRADY
|
Title Deed No. |
ST15487/2011 |
Erf/Site No. |
533.0 |
|
Deeds Office |
JOHANNESBURG |
Physical Address |
KLOPPERPARK
GERMISTON |
|
Property Type |
Sectional Title / Unit |
Extent / Size |
200.0SQM |
|
Purchase Date |
2011-01-18 |
Purchase price |
R 950 00.00 |
|
% Ownership |
0.0000 |
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
R 0.00 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.06 |
|
|
1 |
Rs.77.19 |
|
Euro |
1 |
Rs.65.57 |
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.