MIRA
INFORM REPORT
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Report Date : |
24.01.2012 |
IDENTIFICATION DETAILS
|
Name : |
KENCHEM TRADING CC |
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Registered Office : |
31 9th Street Parkmore
Johannesburg 2196 |
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Country : |
South Africa |
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Date of Incorporation : |
05.03.1992 |
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Com. Reg. No.: |
1992/006266/23 |
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Legal Form : |
Close Corporation |
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Line of Business : |
Manufacture agricultural chemicals |
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No. of Employees : |
2 |
RATING & COMMENTS
|
MIRAs Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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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 September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
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 |
Assessment
|
Total Credit Limit Exposure: R140 000 Total Suretyship: This is an established business. Commitments are being paid within terms with suppliers. The subject has purchased up to R300 000 over 30 days. In view of the absence of a bank code and financials we cannot recommend credit dealings. |
Your figure is considered as too high
Company Information
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Registered Name |
KENCHEM TRADING CC |
|
Trading as/ Division Name |
None |
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Previous Name |
None |
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Date of Name Change |
N/A |
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Registration Number |
1992/006266/23 |
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Registration Date |
1992-03-05 |
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Date Commenced Trading |
1992-03-05 |
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Age of Business |
19 Years 10 Months |
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History of Business |
Unavailable |
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History of Principals |
Unavailable |
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Shareholders and % holding |
KENNETH FORBES (50%) LYNNETTE FORBES (50%) |
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Authorised Share Capital |
R 50 R 50 |
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Issued Share Capital |
R 50 |
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Status |
In Business |
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Operations Assessment |
Manufacture agricultural chemicals |
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Industry/ Customers |
Agricultural market |
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Export |
Unknown |
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Major Industry Code / SICC |
3351 |
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Definition of Code |
Manufacture of pesticides and
agro-chemical products |
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Head Office Physical Address |
31 9th Street PARKMORE Johannesburg 2196 |
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Head Office Postal Address |
31 9th Street PARKMORE Johannesburg 2196 |
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Current Tel Number |
011 7833719 |
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Cell number |
082 9202357 |
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Current Fax Number |
011 7833719 |
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Current Email Address |
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Web Site Address |
None |
Auditors Information
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Company Registered Name |
VAN DE BEEK AND BOER REKENKUNDIGE DIENSTE CC |
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Trading Name |
None |
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Registration Number |
2002/002341/23 |
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Physical Address |
Unit B3 White Thorn Office Park 606 Kudu Street Allens Nek Roodepoort 1737 |
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Postal Address |
Po Box 1210 Randburg 2125 |
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Contact Person |
JP Van De Beek |
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Contact Number |
011 4757211 |
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Email |
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Principals |
J Van De Beek C Boer |
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Judgements Against Subject |
No Data Available |
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Judgements Against
Principals |
No Data Available |
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Subject Verified as Client |
Yes |
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SAICA number |
19304 / Partner Has a Separate number (C Boer) |
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VAT Number |
489023177 |
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Tax Number |
9107368145 |
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BEE Status |
No |
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Financial Year End |
February |
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Years With Auditors |
7 8 |
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Website |
None |
Previous Auditors
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Company Name |
Phone Number |
Time with previous auditors |
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None |
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Tax Information
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Vat Number |
4070131471 |
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Status |
Active |
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Vat Liable Date |
1992-02-01 |
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Tax Number |
9330175846 |
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Tax Clearance Expire Date |
February |
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Financial Year End |
February |
Black Economic
Empowerment
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Status |
None |
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Score |
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Expire Date |
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BEE Certificate Available |
No |
ISO Status
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Type of ISO Grade |
None |
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ISO Certificate |
No |
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ISO Certificate Available |
No |
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Certified by an Accredited Agent |
No |
Workmans compensation
|
Registered |
None |
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Compliance Certified |
No |
Company Structure
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 |
2 |
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1. Salaried
employees |
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2. Waged
employees |
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3. Permanent
employees |
2 |
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4. Casual
employees |
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5. Contracted
employees |
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Comment : Owner Was Not Comfortable giving out this information
therefore declined to assist
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 |
Declined |
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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 |
Declined |
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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 |
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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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Management Overview
Organisation chart
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Level |
Position |
Name |
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1 |
Owner |
Kenneth Forbes |
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2 |
Co-Owner |
Lynnette Le Forbes |
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Company Structure (Ownership)
Note: One level up and
all levels down
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Holding |
Company |
Sub |
|
KENNETH FORBES (50%) LYNNETTE FORBES (50%) |
KENCHEM TRADING
CC |
None |
Trade References
Key deals signed within the past 12 months.
The Owner deemed
this information to be private, therefore declined to assist
|
Company |
Value |
Contact |
|
Declined |
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Trade Reference nr |
Supplier |
Contact |
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1 |
Kingfisher Freight
Services CC |
011 8234806 |
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2 |
Celtic Freight
Logistics Solutions |
011 3921397 |
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3 |
AEON South
Africa |
011 3291111 |
Trade References
Detail
|
Nr |
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
|
1 |
10 Years |
R 40 000 |
R15 000 |
30 Days |
R 10 000
R 15 000 |
30 days |
Good |
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2 |
Do |
Not |
Give |
References |
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3 |
1 Year 6 Months |
R 100 000 |
R300 000 |
30 Days |
R 30 000 R 300 000 |
30 days |
Very Good |
Adverse Information on Subject
Judgements
|
Judgements |
None |
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Possible Judgements |
None |
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Civil Court |
None |
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RDs |
None |
Judgements
|
Case Number |
No information on record |
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Amount |
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Reason |
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Court Name |
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Judgement Type |
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Judgement Date |
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Plaintiff
(Multiple) |
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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 Information
The owner of the company was reluctant to give out the information, as
he would like more information on the enquiry.
Bank Codes History
|
Date requested |
Bank Code |
Enquiry Amount |
Number of RDs |
RD amount |
RD Date |
Bank Comments |
Years with bank |
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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. |
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
The owner deemed this information to be private, therefore declined to
assist.
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CURRENT ASSETS |
Declined |
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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 |
|
Turnover and assets less than R 2,000,000.00 |
The subject falls within the Consumer Protection Act |
Principals
|
Number of Principals |
2 |
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Average Age of Active Principals |
61 |
Active Principals
Principal 1 of 2: KENNETH FORBES
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Surname |
Forbes |
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First Name |
Kenneth |
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Other Names |
None |
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Marital Status |
Married |
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ID Number |
4909145626188 |
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Verified ID Number |
Yes |
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Current Age |
63 |
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Designation |
Unavailable |
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Status |
Active |
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Appointment Date |
Unavailable |
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Physical Address (at time of Appointment) |
31 9th Street PARKMORE 2196 |
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Postal Address |
31 9th Street PARKMORE 2196 |
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Current Tel Number |
011 7833719 |
|
Cell number |
082 9202357 |
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Current Fax Number |
011 7833719 |
|
Current Email Address |
|
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Shareholding |
50% |
Adverse Information for: KENNETH FORBES
Judgement
|
Number of Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Business
Information for: KENNETH FORBES
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
KENCHEM TRADING CC |
1992/006266/23 |
In Business |
19 Years 10
Months |
0 |
No |
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 Interests for: KENNETH FORBES
|
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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Principal 2 of 2: LYNETTE LE FORBES
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Surname |
Forbes |
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First Name |
Lynette |
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Other Names |
Le |
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Marital Status |
Married |
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ID Number |
5302030741081 |
|
Verified ID Number |
No |
|
Current Age |
59 |
|
Designation |
Unavailable |
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Status |
Active |
|
Appointment Date |
Unavailable |
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Physical Address (at time of Appointment) |
31 9th Street PARKMORE 2196 |
|
Postal Address |
31 9th Street PARKMORE 2196 |
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Current Tel Number |
011 7833719 |
|
Cell number |
Unavailable |
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Current Fax Number |
011 7833719 |
|
Current Email Address |
Unavailable |
|
Shareholding |
50% |
Adverse
Information for: LYNETTE LE FORBES
Judgement
|
Number of Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Business
Information for: LYNETTE LE FORBES
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
KENCHEM TRADING CC |
1992/006266/23 |
In Business |
19 Years 10
Months |
0 |
No |
Previous Business Interests
|
Average Age of
Previous Business Interests |
None |
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
None |
|
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Deeds Information
Property Interests for: LYNETTE LE FORBES
|
Title Deed No. |
None |
Erf/Site No. |
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|
Deeds Office |
|
Physical Address |
|
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Property Type |
|
Extent / Size |
|
|
Purchase Date |
|
Purchase price |
|
|
% Ownership |
|
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.50.24 |
|
|
1 |
Rs.78.13 |
|
Euro |
1 |
Rs.64.79 |
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.