|
Report Date : |
28.07.2012 |
IDENTIFICATION DETAILS
|
Name : |
UNICHEM SERVICES (PTY) LTD |
|
|
|
|
Registered Office : |
Unichem House
27 Island Circle Riverhorse Valley Business Estate Durban 4017 |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
03.09.1997 |
|
|
|
|
Com. Reg. No.: |
1997/014779/07 |
|
|
|
|
Legal Form : |
Private company |
|
|
|
|
Line of Business : |
servicing and supplying
Mobil Chemical's synthetic base stocks, esters and Mobilad range of additives
to local and multi-national lube oil marketers and blenders |
|
|
|
|
No. of Employees : |
Not
Available |
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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
South Africa |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
|
Subject
Name |
UNICHEM
SERVICES (PTY) LTD |
|
Country |
South
Africa |
|
Subject
Contact Person |
PRIYA-ACCOUNTANT |
|
Assessment |
This
is a well-established and well -connected business. On investigation we have made
contact with the subject and we were referred to the Accountant Mrs Priya who
requested that we send her the questionnaire. We followed up on the
questionnaire and Priya stated that she requires more time to complete the
questionnaire. We still await further information on the subject. |
|
Registered
Name |
UNICHEM
SERVICES (PTY)LTD |
|
Trading
as/ Division Name |
UNICHEM
SERVICES |
|
Previous
Name |
|
|
Date
of Name Change |
|
|
Registration
Number |
1997/014779/07 |
|
Registration
Date |
1997/09/03 |
|
Date
Commenced Trading |
1997-09-03 |
|
Age
of Business |
14
Years 10 Months |
|
History
of Business |
UNICHEM
SERVICES LTD was established in 1997 in Durban, South Africa. They began by servicing
and supplying Mobil Chemical's synthetic base stocks, esters and Mobilad
range of additives to local and multi-national lube oil marketers and
blenders. By 2001, Unichem Services had captured 50% of the synthetic base
oil market, making its presence and reputation well known in the region. Now,
with a growing customer base and pioneering service, we have made our
presence felt in the marketing and distribution of specialty and fine
chemicals, Group I, Group II & Group III base oils and synthetic base
oils through our three principal divisions; Petroleum Chemicals, Consumer
Care (Personal care, Cosmetics and Home care) and Industrial Chemicals. |
|
History
of Principals |
There
are 3 active principals within the subject. |
|
Shareholders/Members/Partners
of subject and % holding |
|
|
Authorised
Share Capital |
R
0.00 |
|
Issued
Share Capital/Members Contribution |
R
0.00 |
|
Status |
In
Business |
|
Operations
Assessment |
|
|
Industry/
Customers |
|
|
Export |
|
|
Major
Industry Code / SICC |
9000 |
|
Definition
of Code |
Other
activities not adequately defined. |
|
Head
Office Physical Address |
Unichem
House 27 Island Circle Riverhorse Valley Business Estate DURBAN 4017 |
|
Head
Office Postal Address |
P.O.
Box 4205 Riverhorse Valley East 4017 |
|
Current
Tel Number |
0315346000 |
|
Cell
Number |
|
|
Current
Fax Number |
0315346020 |
|
Current
Email Address |
|
|
Web
Site Address |
|
|
Comments |
|
|
Company
Registered Name |
AITKEN
LAMBERT ELSWORTH INC |
|
Trading
Name |
AITKEN
LAMBERT ELSWORTH |
|
Registration
Number |
M1998/017027/21 |
|
Physical
Address |
8TH
FLOOR 135 MUSGRAVE ROAD DURBAN 4001 |
|
Postal
Address |
P
O BOX 50309 MUSGRAVE 4062 |
|
Contact
Person |
|
|
Contact
Number |
0312027601 |
|
Email |
|
|
Principals |
4 |
|
Judgements
Against Subject |
|
|
Judgements
Against Principals |
|
|
Subject
Verified as Client |
Yes |
|
Practice
Number |
934038E |
|
VAT
Number |
|
|
Tax
Number |
9015286207 |
|
BEE
Status |
|
|
Financial
Year End |
February |
|
No
of years in Business |
11 |
|
Website |
|
|
Comment |
|
Previous
Auditors
|
Company Name |
Phone Number |
Time with previous auditors |
Comment |
|
PRICEEWATERHOUSECOOPERS |
|
14 |
|
|
C P G INC |
|
14 |
|
Tax information
|
Vat
Number |
4240171415 |
|
Status |
ACTIVE |
|
Vat
Liable Date |
1997/11/27 |
|
Tax
Number |
9217150201 |
|
Tax
Clearance Expire Date |
|
|
Financial
Year End |
February |
|
Comment |
|
Black Economic Empowerment Information - No Information on Record
ISO Information - No Information on Record
Work Mans Information - No Information on Record
Subsidiaries Information - No Information on Record
Employees Information - No Information on Record
Company Fleet Information - No Information on Record
Offices Information - No Information on Record
Branch Information - No Information on Record
Organisational Chart - No Information on Record
Company Structure Information - No Information on Record
Note: One level up and all levels down
Key Deals - No Information on Record Trade References
Information - No Information on Record
Judgements - No information on record
Business Rescue - No Information on Record
Default Listing - No information on record
Notarial Bonds - No information on record
Bank Information - No Information on Record
Bank Code History - No Information on Record
Previous Bank Account Information - No Information on Record
Deeds Information - No information on record
Principals
|
Number
of Principals |
3 |
|
Average
Age of Active Principals |
49 |
Active Principals Principal - 1 of 3 SAMER AKRAM
|
Surname |
AKRAM |
|
First
Name |
SAMER |
|
Other
Names |
|
|
Marital
Status |
|
|
ID
Number |
7609050000000 |
|
Verified
ID Number |
No |
|
Current
Age |
36 |
|
Designation |
DIRECTOR |
|
Status |
Active |
|
Appointment
Date |
2007/11/29 |
|
Physical
Address (at time of Appointment) |
86
WARWICK GARDENS, LONDON, W14 8PR, 0000 |
|
Postal
Address |
P
O BOX 4205, RIVERHORSE VALLEY EAST, 4017 |
|
Current
Tel Number |
|
|
Cell
number |
|
|
Shareholding/Membership |
0.0000 |
Principal’s
adverse – no information on
record
Business Information for SAMER AKRAM
Principal Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
BAGA PROPERTIES
(PTY)LTD |
1997/007813/07 |
In Business |
15
Years 2 Months |
0 |
No |
|
|
UNICHEM SERVICES (PTY)LTD |
1997/014779/07 |
In Business |
14
Years 10 Months |
0 |
No |
|
|
SLEEPTIME INVESTMENTS (PTY)LTD |
2009/017879/07 |
In Business |
2
Years 10 Months |
0 |
No |
|
Principal Previous Business Interests
Average Age of Previous Business 35
Years
|
Company Name |
Registration No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
COSI CONSUMER
(PTY)LTD |
1977/002251/07 |
In
Liquidation |
35
Years |
0 |
Yes |
|
Principal Deeds Information
Property
Interests for SAMER AKRAM
|
Title
Deed No. |
|
Erf/Site
No. |
|
|
Deeds
Office |
|
Physical
Address |
|
|
Property
Type |
|
Extent
/ Size |
|
|
Purchase
Date |
|
Purchase
price |
|
|
%
Ownership |
|
Bond
Holder |
|
|
Bond
Number |
|
Bond
Amount |
|
|
Comment |
|
||
Principal - 2 of 3
SURESENA CHETTY
|
Surname |
CHETTY |
|
First
Name |
SURESENA |
|
Other
Names |
|
|
Marital
Status |
|
|
ID
Number |
6904245148082 |
|
Verified
ID Number |
Yes |
|
Current
Age |
43 |
|
Designation |
DIRECTOR-BUSINESS
DEVELOPMENT |
|
Status |
Active |
|
Appointment
Date |
2002/12/02 |
|
Physical
Address (at time of Appointment) |
38
MAZE ROAD, GLENWOOD DURBAN, 4001 |
|
Postal
Address |
P
O BOX 2289, MT EDGECOMBE, 4300 |
|
Current
Tel Number |
0112825367 |
|
Cell
number |
0828799859 |
|
Shareholding/Membership |
0.0000 |
Principal’s adverse
– no information on record
Business Information for SURESENA CHETTY
Principal Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
UNICHEM SERVICES (PTY)LTD |
1997/014779/07 |
In Business |
14 Years 10
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 |
|
POLTECH KWAZULU
NATAL CC |
1996/058311/23 |
Deregistration
Final |
15 Years 8 Months |
0 |
No |
|
Principal Deeds Information
Property
Interests for SURESENA CHETTY
|
Title
Deed No. |
T20360/2002 |
Erf/Site
No. |
|
|
Deeds
Office |
PIETERMARITZBURG |
Physical
Address |
38
MAZE BULWER BEREA |
|
Property
Type |
Freehold
/ Ervin |
Extent
/ Size |
623.0SQM |
|
Purchase
Date |
2001/12/10 |
Purchase
price |
|
|
%
Ownership |
0.00 |
Bond
Holder |
FIRSTRAND
BANK LTD |
|
Bond
Number |
B130892002 |
Bond
Amount |
|
|
Comment |
|
||
Principal - 3 of 3
SAEED AKRAM
|
Surname |
AKRAM |
|
First
Name |
SAEED |
|
Other
Names |
|
|
Marital
Status |
|
|
ID
Number |
4312100000000 |
|
Verified
ID Number |
No |
|
Current
Age |
69 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment
Date |
1997/11/21 |
|
Physical
Address (at time of Appointment) |
86
WARWICK GARDENS, LONDON, W14 8PR, 0000 |
|
Postal
Address |
SUITE
1, 83 EARLS COURT ROAD, KENSINGTON, LONDON, 0000 |
|
Current
Tel Number |
|
|
Cell
number |
|
|
Shareholding/Membership |
0.0000 |
Principal’s
adverse – no information on
record
Business Information for SAEED AKRAM
Principal Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
BAGA PROPERTIES
(PTY)LTD |
1997/007813/07 |
In Business |
15
Years 2 Months |
0 |
No |
|
|
UNICHEM SERVICES (PTY)LTD |
1997/014779/07 |
In Business |
14
Years 10 Months |
0 |
No |
|
|
SLEEPTIME INVESTMENTS (PTY)LTD |
2009/017879/07 |
In Business |
2
Years 10 Months |
0 |
No |
|
Principal Previous Business Interests
Average Age of Previous Business 35
Years
|
Company Name |
Registration No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
COSI CONSUMER
(PTY)LTD |
1977/002251/07 |
In
Liquidation |
35
Years |
0 |
Yes |
|
Principal Deeds Information
Property
Interests for SAEED AKRAM
|
Title
Deed No. |
|
Erf/Site
No. |
|
|
Deeds
Office |
|
Physical
Address |
|
|
Property
Type |
|
Extent
/ Size |
|
|
Purchase
Date |
|
Purchase
price |
|
|
%
Ownership |
|
Bond
Holder |
|
|
Bond
Number |
|
Bond
Amount |
|
|
Comment |
|
||
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.41 |
|
UK Pound |
1 |
Rs.86.93 |
|
Euro |
1 |
Rs.68.10 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.