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MIRA
INFORM REPORT
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Report Date : |
19.01.2012 |
IDENTIFICATION DETAILS
|
Name : |
CLARIANT SOUTHERN AFRICA (PTY) LTD |
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Formerly Known As : |
CLARIANT SA (PTY) LTD |
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Registered Office : |
1st Floor Parkview House Contantia Park 14thAvenue and
HendrikPotgieter Roads Weltevreden Park Roodepoort 1709 |
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Country : |
South Africa |
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Date of Incorporation : |
22.06.1995 |
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Com. Reg. No.: |
M1995/005692/07 |
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Legal Form : |
Private Company |
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Line of Business : |
manufacturing and
distribution of speciality
chemicals |
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No. of Employees : |
140 |
RATING & COMMENTS
|
MIRAs Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
US$1 500 000 |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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 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 |
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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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Company details
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Subject Name |
CLARIANT SOUTHERN AFRICA (PTY) LTD |
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Country |
SOUTH AFRICA |
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Requested Credit Limit |
US$1 500 000 |
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Enquiry Terms |
D/A |
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Account Review |
Every 6 months |
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Subject Contact person |
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Assessment |
On investigation the Financial Director was reluctant to assist with full information regarding the subject. The trade Reference obtained is for R300 000 over 30 days. Your figure is considered as too high. The lack of information should be borne in mind. |
Company Information
|
Registered Name |
CLARIANT SOUTHERN AFRICA (PTY) LTD |
|
Trading as/ Division Name |
None |
|
Previous Name |
Originally CLARIANT SA (PTY) LTD |
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Date of Name Change |
Over 15 years ago |
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Registration Number |
M1995/005692/07 |
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Registration Date |
1995-06-22 |
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Date Commenced Trading |
1995 |
|
Age of Business |
16 Years 6 Months |
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History of Business |
None |
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History of Principals |
None |
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Shareholders/Members/Partners of subject
and % holding |
100% CLARIANT INTERNATIONAL AG (in Switzerland) Listed on the Swiss
Stock Exchange |
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Authorised Share Capital |
Unknown |
|
Issued Share Capital/Members Contribution |
Unknown |
|
Status |
This Business is Active |
|
Operations Assessment |
Manufature and distribution of speciality
chemicals |
|
Industry/ Customers |
Manufacturing and various industries |
|
Export |
Africa |
|
Major Industry Code / SICC |
33410 Manufacturing |
|
Definition of Code |
Manufacture of chemicals and chemical
products |
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Head Office Physical Address |
1st Floor Parkview House Contantia Park 14 Avenue and HendrikPotgieter Weltevreden Park/ Roodepoort 1709 |
|
Head Office Postal Address |
PO Box 5955 WELTEVREDEN PARK 1715 |
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Current Tel Number |
011 4717220/ 7924970 |
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Cell number |
None |
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Current Fax Number |
011 4729340 |
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Current Email Address |
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|
Web Site Address |
Auditors Information
|
Company Registered Name |
KPMG |
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Trading Name |
KPMG Inc |
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Registration Number |
1999/021543/21 |
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Physical Address |
85 Empire Road Parktown Johannesburg |
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Postal Address |
Private Bag 9 Parkview 2122 |
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Contact Person |
VICTOR SITABULE |
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Contact Number |
011 647 7111 |
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Email |
Unknown |
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Subject Verified as Client |
No |
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SAICA number |
04846622 |
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VAT Number |
4530188665 |
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Tax Number |
9559555843 |
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BEE Status |
AAA |
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Website |
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Financial Year End |
June |
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Years With Auditors |
More than 10 years plus |
Previous Auditors
|
Company Name |
Phone Number |
Time with previous auditors |
|
PRICEWATERHOUSE
COOPERS |
|
Many years |
Tax Information
|
Vat Number |
4330150204 |
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Status |
Active |
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Vat Liable Date |
1995-06-22 |
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Tax Number |
9041725202 |
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Tax Clearance Expire Date |
December and June |
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Financial Year End |
December |
Black Economic Empowerment
|
Status |
Yes |
|
Score |
Level 6 |
|
Expire Date |
September 2012 |
|
BEE Certificate Available |
No |
ISO Status
|
Type of ISO Grade |
Group Status- 196,14.18 |
|
ISO Certificate |
Yes |
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ISO Certificate Available |
No |
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Certified by an Accredited Agent |
Yes |
Workmans compensation
|
Registered |
Yes |
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Compliance Certified |
Yes |
Company Structure
Subsidiaries
|
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 |
140 |
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1. Salaried
employees |
140 |
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2. Waged
employees |
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3. Permanent
employees |
140 |
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4. Casual
employees |
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5. Contracted
employees |
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Company Fleet |
No of vehicles: |
Owned/ Leased |
Value |
Outstanding Balance |
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Fleet Operations |
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The Fleet is made up of |
None |
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1. Cars |
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2. Light
Delivery Vehicles |
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3. Trailers |
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4. Busses |
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5. Trucks |
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6. Fork
Lifts |
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7. Other |
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Offices |
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Head Office Owned/ Rented |
Leased |
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Rental Company |
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Owned by |
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Value |
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Bond |
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Bank |
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Lease Agreement |
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Lease Expire Date |
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Type of Premises |
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Branches Names |
Country |
Province |
|
Chamdor factory |
South Africa |
Gauteng |
|
Strydom park
Factory |
South Africa |
Gauteng |
Branches Owned/ Rented |
Owned |
|
Rental Company |
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Owned |
CLARIANT SOUTHERN AFRICA (PTY) LTD |
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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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Management Overview
Organisation chart
Head of country- RODERICK LLOYD
Company Structure
(Ownership)
Note: One level up and
all levels down
100% OWNED CLARIANT INTERNATIONAL AG (Switzerland)
Trade References
Key
deals signed within the past 12 months.
|
Company |
Value |
Contact |
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None |
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Trade Reference nr |
Supplier |
Contact |
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1 |
DHL |
DNG |
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2 |
PLASTOMARK |
011 7064646 |
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3 |
BASF |
011 2032400 |
Trade References
Detail
|
Nr |
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
|
1 |
Do |
Not |
Give |
Trade |
References |
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2 |
10 years + |
None |
R300 000 |
30 days |
R300 000 |
30 days |
Very Good |
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3 |
Awaiting a fax. |
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Adverse Information on Subject
Judgements
|
Judgements |
None |
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Possible
Judgements |
None |
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Civil Court
Records |
None |
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RDs |
None |
Business Rescue
|
Date registered |
Business rescue practitioner |
Contact Information |
Details |
|
None |
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Default Listings
|
Date |
Details |
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None |
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Notarial Bonds
|
Date |
Details |
|
None |
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Bank Information
|
Bank |
CITIBANK |
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Branch |
SANDTON |
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Bank Account Number |
Declined |
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Type of Account |
Unknown |
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Account Name |
CLARIANT SOUTHERN AFRICA (PTY) LTD |
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Overdraft Facilities |
Yes, unsecured |
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Date Opened |
Unknown |
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Bank Code |
None |
|
Bank Comment |
Need account number for a bank code |
Bank Codes History
|
Date requested |
Bank Code |
Enquiry Amount |
Number of RDs |
RD amount |
RD Date |
Bank Comments |
Years with bank |
|
None |
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Previous Bank
Accounts
|
Banker |
Branch Code |
Account Holder |
Account number |
Date opened |
Years with bank |
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None |
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Deeds Information
Property Interestsfor Company
|
Title Deed No. |
T68315/2002 |
Erf/Site No. |
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|
Deeds Office |
JOHANNESBURG |
Physical Address |
41 VAN ECK
CHAMDOR KRUGERSDORP |
|
Property Type |
Freehold / Ervin |
Extent / Size |
46593.0H |
|
Purchase Date |
2001-12-06 |
Purchase price |
R 2 480 000.00 |
|
% Ownership |
0.0000 |
Bond Holder |
|
|
Bond Number |
K30972002S |
Bond Amount |
R 0.00 |
Financial Information
Financial
Estimates
|
CURRENT ASSETS |
Declined |
|
Stock |
Declined |
|
Debtors |
Declined |
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FIXED ASSETS |
Declined |
|
Plant, Equipment, Vehicles |
Declined |
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Property |
Declined |
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CURRENT LIABILITIES |
Declined |
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Creditors |
Declined |
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Loans/ From? |
Declined |
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LONG TERM LIABILITIES |
Declined |
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Morgage Bonds |
Declined |
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Previous Year Turnover |
Declined |
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Estimated Current Year Turnover |
Declined |
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Current Turnover per month |
Declined |
|
Current Turnover per annum |
Declined |
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 |
55 |
Active Principals
Principal 1 of 3: PETER SCHIESEL
|
Surname |
SCHIESSL |
|
First Name |
PETER |
|
Other Names |
None |
|
ID Number |
60031700000 |
|
Verified ID Number |
No |
|
Current Age |
51 |
|
Designation |
COUNTRY PRESIDENT TURKEY |
|
Status |
Active |
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Appointment Date |
2009-09-01 |
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Physical Address (at time of Appointment) |
LIMAN SOK 18 20 Yesilkoy Istanbul TURKEY 0000 |
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Postal Address |
TahsinTekoglu Cad No 1 3 34295 Sefakov Istanbul TURKEY 0000 |
Adverse Information for : PETER SCHIESEL
Judgement
|
Number of
Judgements |
None |
Debt
Review
|
Debt review |
None |
Other
|
Default data |
None |
Business Information for: PETER SCHIESEL
Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
None |
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Previous
Business Interests
|
Average Age of
Previous Business Interests |
None |
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Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
None |
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Deeds Information
Property
Interestsfor: PETER SCHIESEL
|
Title Deed No. |
None |
Erf/Site No. |
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Deeds Office |
|
Physical Address |
|
|
Property Type |
|
Extent / Size |
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|
Purchase Date |
|
Purchase price |
|
|
% Ownership |
|
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
|
Principal 2 of 3: GLEN POOLE
|
Surname |
POOLE |
|
First Name |
GLEN |
|
ID Number |
5812257287087 |
|
Verified ID Number |
No |
|
Current Age |
53 |
|
Designation |
HR MANAGER |
|
Status |
Active |
|
Appointment Date |
2008-04-01 |
|
Physical Address (at time of Appointment) |
28 Silyma View Ext 1 JATLEHONG GARDEN 1435 |
|
Postal Address |
PO Box 5955 WELTEVREDEN PARK 1715 |
|
Shareholding |
(if the principal owns shares) |
Adverse
Information for: GLEN POOLE
Judgement
|
Number of
Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Business
Information for: GLEN POOLE
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
None |
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Previous Business Interests
|
Average Age of
Previous Business Interests |
None |
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Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
None |
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|
Deeds Information
Property Interestsfor: GLEN
POOLE
|
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 3: RODERICK LLOYD
|
Surname |
LLOYD |
|
First Name |
RODERICK |
|
ID Number |
7801155105080 |
|
Verified ID Number |
Yes |
|
Current Age |
63 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
1997-06-27 |
|
Physical Address (at time of Appointment) |
64 Winston Road KLOOF 3610 |
|
Postal Address |
PO Box 1762 DURBAN 4001 |
|
Current Tel Number |
011 4717220 |
|
Cell number |
082 9020277 |
Adverse
Information for:RODERICK LLOYD
Judgement
|
Number of
Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Business
Information for: RODERICK LLOYD
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
RODERICK LLOYD AND ASSOCIATE CONSULTANTS CC |
1988/018103/23 |
In Business |
23 Years 6 Months |
0 |
No |
Previous Business Interests
|
Average Age of
Previous Business Interests |
None |
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
PLASTIC PIGMENT SUPPLIERS (PTY) LTD |
1973/006933/07 |
Deregistration Final |
38 Years 6 Months |
0 |
No |
|
POLYREM (PTY) LTD |
1983/000556/07 |
Deregistration Final |
28 Years Final |
0 |
No |
Deeds Information
Property Interestsfor: RODERICK
LLOYD
|
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 |
|
Criminal Check
for: RODERICK LLOYD
Criminal Information (This is on request)
|
Case Number |
None |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.50.67 |
|
UK Pound |
1 |
Rs.77.72 |
|
Euro |
1 |
Rs.64.63 |
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.