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Report Date : |
03.07.2012 |
IDENTIFICATION DETAILS
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Name : |
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Registered Office : |
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Country : |
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Date of Incorporation : |
18.01.1990 |
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Com. Reg. No.: |
M1990/000227/07 |
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Legal Form : |
Private Company |
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Line of Business : |
Manufacture
of pharmaceuticals, medicinal chemicals and botanical products |
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No. of Employees : |
74 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
South Africa |
A2 |
A2 |
|
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 |
|
Subject Name |
SAVANNAH
FINE CHEMICALS (PTY) LTD |
|
Country |
SOUTH
AFRICA |
|
Subject Contact person |
KABIR JOGIBHAI - 011 5793200 |
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Assessment |
On
the investigation we made contact with KABIR JOGIBHAI who assisted with the
information on the subject. On
further investigation we have found the subject to be a large company. The
subject is meeting commitments timeously with suppliers. A
bank code C was obtained for an amount of R 5 000 000 over a period of
30 days. The
subject is considered as equal to its normal business engagements. Please
see the available information for the subject t below. |
|
Registered Name |
SAVANNAH FINE CHEMICALS (PTY) LTD |
|
Trading as/ Division Name |
None |
|
Previous Name |
None |
|
Date of Name Change |
None |
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Registration Number |
M1990/000227/07 |
|
Registration Date |
1990-01-18 |
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Date Commenced Trading |
1990-01-18 |
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Age of Business |
22 Years 5 Months |
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History of Business |
None |
|
History of Principals |
None |
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Shareholders/Members/Partners of subject
and % holding |
100% - ROBIN MITCHELL |
|
Authorised Share Capital |
R 1000 |
|
Issued Share Capital/Members Contribution |
R 100 |
|
Status |
This Business is Active |
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Operations Assessment |
Imports and Distribute Fine Chemicals |
|
Industry/ Customers |
CLOVER etc. |
|
Export |
Yes GERMANY INDIA |
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Major Industry Code / SICC |
3353 |
|
Definition of Code |
Manufacture of
pharmaceuticals, medicinal chemicals and botanical products |
|
Head Office Physical Address |
19 Boeing Road West MORNINGHILL BEDFORDVIEW 2008 |
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Head Office Postal Address |
PO Box 75864 GARDENVIEW 2047 |
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Current Tel Number |
011 5793200 |
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Cell number |
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Current Fax Number |
011 5793299 |
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Current Email Address |
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Web Site Address |
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Company Registered Name |
PRICE WATERHOUSE COOPERS INCORPORATED INC |
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Trading Name |
PWC |
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Registration Number |
1998/012055/21 |
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Physical Address |
2 Eglin Road SUNNINGHILL 2157 |
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Postal Address |
Private Bag X36 SUNNINGHILL 2157 |
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Contact Person |
MOAAZA GATHOO |
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Contact Number |
011 7974000 |
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Email |
|
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Principals |
246 |
|
Judgements Against Subject |
None |
|
Judgements Against Principals |
None |
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Subject Verified as Client |
Yes |
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SAICA number |
901121E |
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VAT Number |
4950174682 |
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Tax Number |
9343032844 |
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BEE Status |
Level 2 |
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Financial Year End |
June |
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Years With Auditors |
10 Years |
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Website |
|
Company Name |
Phone Number |
Time with previous auditors |
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ERNEST &
YOUNG |
Unavailable |
22 Years |
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Vat Number |
4660110031 |
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Status |
Active |
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Vat Liable Date |
1990 |
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Tax Number |
9538167843 |
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Tax Clearance Expire Date |
Unavailable |
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Financial Year End |
December |
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Status |
Yes |
|
Score |
Level 4 |
|
Expire Date |
Unavailable |
|
BEE Certificate Available |
Unavailable |
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Type of ISO Grade |
9001-2001 |
|
ISO Certificate |
Yes |
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ISO Certificate Available |
Yes |
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Certified by an Accredited Agent |
Yes |
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Registered |
Yes |
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Compliance Certified |
Unavailable |
Subsidiaries
|
Subsidiary Company |
None |
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Number of
Employees |
74 |
|
1. Salaried
employees |
74 |
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2. Permanent
employees |
74 |
Company Fleet |
No of vehicles: |
Owned/ Leased |
Value |
Outstanding Balance |
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Fleet Operations |
7 |
Owned |
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The Fleet is made up of |
7 Vehicles |
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1. Light
Delivery Vehicles |
2 |
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2. Trucks |
5 |
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Offices |
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Head Office Owned/ Rented |
Owned |
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Owned by |
ROBIN MITCHELL |
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Value |
Unavailable |
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Bond |
Unavailable |
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Bank |
Unavailable |
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Type of Premises |
Offices/Warehouse |
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Branches Names |
Country |
Province |
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CAPE TOWN |
SOUTH AFRICA |
EASTERN CAPE |
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DURBAN |
SOUTH AFRICA |
KWAZULU NATAL |
Branches Owned/ Rented |
Offices |
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Rental Company |
Unavailable |
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Owned |
Unavailable |
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Value |
Unavailable |
|
Bank |
Unavailable |
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Bond |
Unavailable |
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Lease Agreement |
Unavailable |
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Lease Expire Date |
Unavailable |
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Type of Premises |
Offices |
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Level |
Position |
Name |
|
1 |
DIRECTOR |
ROBIN MITCHELL |
Note: One level up and
all levels down
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Holding |
Company |
Sub |
|
100% |
ROBIN MITCHELL |
None |
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Company |
Value |
Contact |
|
None |
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Trade Reference nr |
Supplier |
Contact |
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1 |
3M SA |
011 8062000 |
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2 |
INGRAM HEALTH CARE |
011 4946225 |
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3 |
CLOVER SA |
031 7193111 |
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4 |
LOREAL MANUFATORY |
011 3375300 |
Trade References
Detail
|
Nr |
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
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1 |
COD |
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2 |
COD |
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3 |
COD |
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4 |
COD |
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Judgements
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Judgements |
None |
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Possible
Judgements |
None |
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Civil Court |
None |
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RDs |
None |
Business Rescue
|
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 |
ABSA |
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Branch |
EASTGATE |
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Bank Account Number |
4071224590 |
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Type of Account |
CURRENT |
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Account Name |
SAVANNAH FINE CHEMICALS (PTY) LTD |
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Overdraft Facilities |
Yes |
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Bank Code |
C for R 5 000 000 |
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Bank Comment |
The subject’s bankers consider them as equal to their normal business
engagements. |
Bank Codes History
|
Date requested |
Bank Code |
Enquiry Amount |
Number of RD’s |
RD amount |
RD Date |
Bank Comments |
Years with bank |
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None |
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Previous Bank
Accounts
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Banker |
Branch Code |
Account Holder |
Account number |
Date opened |
Years with bank |
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None |
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Property Interests for Company
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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
Estimates
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CURRENT ASSETS |
R 150 000 000 |
|
FIXED ASSETS |
R 4 000 000 |
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CURRENT LIABILITIES |
R 62 000 000 |
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Loans/ From? |
0 |
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LONG TERM LIABILITIES |
0 |
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Estimated Current Year Turnover |
R 300 000 000 |
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Current Turnover per month |
R 25 000 000 |
|
Current Turnover per annum |
R 300 000 000 |
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 |
1 |
|
Average Age of Active Principals |
66 |
Active Principals
Principal 1 of 1: ROBIN MITCHELL
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Surname |
MITCHELL |
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First Name |
ROBIN |
|
Other Names |
None |
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Marital Status |
Married |
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ID Number |
4610215044001 |
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Verified ID Number |
Yes |
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Current Age |
66 |
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Designation |
Director |
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Status |
Active |
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Appointment Date |
1990-01-18 |
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Physical Address (at time of Appointment) |
280 Bryston Drive BRYANSTON SANDTON 2021 |
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Postal Address |
PO Box 83536 SOUTH HILLS 2136 |
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Current Tel Number |
011 7065027 |
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Cell number |
Unavailable |
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Current Fax Number |
011 5793299 |
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Current Email Address |
|
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Shareholding |
100% |
Adverse Information for: ROBIN MITCHELL
Judgement
|
Number of
Judgements |
None |
Debt
Review
|
Debt review |
None |
Other
|
Default data |
None |
Business Information for: ROBIN MITCHELL
Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
19 KLOOF ROAD BEDFORDVIEW (PTY) LTD |
1992/000231/07 |
In Business |
20 Years 5 Months |
0 |
No |
|
GRAYSTON TRAVEL 9PTY) LTD |
1995/009134/07 |
In Business |
16 Years 9 Months |
0 |
No |
|
MORNINGHILL OFFICE PARK (PTY) LTD |
2005/037894/07 |
In Business |
6 Years 8 Months |
0 |
No |
Previous
Business Interests
|
Average Age of
Previous Business Interests |
27 Years |
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
SAVANNAH ENGINEERING (PTY) LTD |
1981/004955/07 |
In Liquidation |
31 Years 1 Months |
0 |
Yes |
|
SAVANNAH ENGINEERING (NATAL) (PTY) LTD |
1985/009314/07 |
Voluntary Liquidation |
27 Years 1 Months |
0 |
Yes |
|
AIR SAVANNAH (PTY) LTD |
1987/060056/07 |
Deregistration Final |
25 Years 3 Months |
0 |
No |
Property
Interests for: ROBIN MITCHELL
|
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 |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.83 |
|
UK Pound |
1 |
Rs.87.41 |
|
Euro |
1 |
Rs.70.43 |
INFORMATION DETAILS
|
Report Prepared by
: |
PRL |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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>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.