|
Report Date : |
28.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
CURE CHEM |
|
|
|
|
Registered Office : |
126 Serenade Road,
Rustivia, Extension 3, Germiston |
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|
Country : |
South Africa |
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Date of Incorporation : |
31.10.2005 |
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Com. Reg. No.: |
2005/038739/07 |
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|
Legal Form : |
Private Company |
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|
|
|
Line of Business : |
Manufacturer
of coke, refined petroleum products and nuclear fuel; manufacture of
chemicals and chemical products; manufacture of rubber and plastic product |
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|
|
|
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 |
CURE CHEM SOUTH AFRICA |
|
Country |
SOUTH AFRICA |
|
Subject Contact person |
MARTINA VAN RENSBURG - 011 8227378 |
|
Assessment |
On investigation we made contact with the Financial
Manager MRS. MARTINA VAN RENSBURG who declined to assist with any information
for the subject. The subject requested the questionnaire to be
sent. We await further information. Please see the available information for the
subject below. |
|
Registered Name |
CURE CHEM SOUTH AFRICA (PTY) LTD |
|
Trading as/ Division Name |
CURE CHEM |
|
Previous Name |
None |
|
Date of Name Change |
None |
|
Registration Number |
2005/038739/07 |
|
Registration Date |
2005-10-31 |
|
Date Commenced Trading |
2005-10-31 |
|
Age of Business |
6 Years 8 Months |
|
History of Business |
None |
|
History of Principals |
None |
|
Shareholders and % holding |
Unavailable |
|
Authorised Share Capital |
Unavailable |
|
Issued Share Capital |
Unavailable |
|
Status |
In Business |
|
Operations Assessment |
The subject is involved
in the supply of chemicals to various sectors of the economy. |
|
Industry/ Customers |
Mining, Agricultural,
Food and Beverage and Industrial. |
|
Export |
Yes |
|
Major Industry Code / SICC |
3260 |
|
Definition of Code |
MANUFACTURE OF COKE,
REFINED PETROLEUM PRODUCTS AND NUCLEAR FUEL; MANUFACTURE OF CHEMICALS AND
CHEMICAL PRODUCTS; MANUFACTURE OF RUBBER AND PLASTIC PRODUCT |
|
Head Office Physical Address |
126 Serenade Road Rustivia, Extension 3 GERMISTON |
|
Head Office Postal Address |
P O Box 374 EDENVALE 1610 |
|
Current Tel Number |
011 822 7379/011 882 7385 |
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Cell number |
071 3600228 |
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Current Fax Number |
011 822 7387 |
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Current Email Address |
|
|
Web Site Address |
Auditors
Information
|
Company Registered Name |
SOLLY NOOR MOHAMMED |
|
Trading Name |
Unavailable |
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Registration Number |
Unavailable |
|
Physical Address |
Unavailable |
|
Postal Address |
Unavailable |
|
Contact Person |
Unavailable |
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Contact Number |
Unavailable |
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Email |
Unavailable |
|
Principals |
Unavailable |
|
Judgements Against Subject |
Unavailable |
|
Judgements Against Principals |
Unavailable |
|
Subject Verified as Client |
Unavailable |
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Profession Number |
Unavailable |
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VAT Number |
Unavailable |
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Tax Number |
Unavailable |
|
BEE Status |
Unavailable |
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Financial Year End |
Unavailable |
|
Years With Auditors |
Unavailable |
|
Website |
Unavailable |
Previous Auditors
|
Company Name |
Phone Number |
Time with previous auditors |
|
D R VOGT |
Unavailable |
Unknown |
|
Vat Number |
4120199767 |
|
Status |
Active |
|
Vat Liable Date |
2002-09-01 |
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Tax Number |
9404173149 |
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Tax Clearance Expire Date |
Unavailable |
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Financial Year End |
February |
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Status |
Unavailable |
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Score |
|
|
Expire Date |
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BEE Certificate Available |
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Type of ISO Grade |
Unavailable |
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ISO Certificate |
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ISO Certificate Available |
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Certified by an Accredited Agent |
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Registered |
Unavailable |
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Compliance Certified |
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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 |
Unavailable |
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1. Salaried
employees |
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2. Waged
employees |
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3. Permanent
employees |
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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 |
Unavailable |
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The Fleet is made up of |
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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 |
Unavailable |
Head Office Owned/ Rented |
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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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DURBAN |
SOUTH AFRICA |
KWA-ZULU NATAL |
|
MOZAMBIQUE |
MOZAMBIQUE |
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INDIA |
NEW DELHI |
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CHINA |
CHINA |
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Branches Owned/ Rented |
Unavailable |
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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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Organisation chart
|
Level |
Position |
Name |
|
Unavailable |
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Company Structure
(Ownership)
Note: One level up and
all levels down
|
Holding |
Company |
Sub |
|
Unavailable |
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Trade References
Key
deals signed within the past 12 months.
|
Company |
Value |
Contact |
|
Unavailable |
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Trade Reference nr |
Supplier |
Contact |
Surety Value |
Notarial Bonds |
|
1 |
Unavailable |
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Trade References Detail
|
Nr |
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
|
1 |
Unavailable |
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Adverse Information on Subject
Judgements
|
Judgements |
None |
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Possible
Judgements |
None |
|
Civil Court |
None |
|
RDs |
None |
Business Rescue
|
Date registered |
Business rescue practitioner |
Contact Information |
Details |
|
None |
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Default Listings
|
Date |
Details |
|
None |
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Notarial Bonds
|
Date |
Details |
|
None |
|
|
Bank |
NEDBANK LTD |
|
Branch |
Unavailable |
|
Bank Account Number |
Unavailable |
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Type of Account |
Unavailable |
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Account Name |
Unavailable |
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Overdraft Facilities |
Unavailable |
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Date Opened |
Unavailable |
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Bank Code |
Unavailable |
|
Bank Comment |
Unavailable |
Bank Codes History
|
Date requested |
Bank Code |
Enquiry Amount |
Number of RD’s |
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 |
|
None |
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Property Interests for Company
|
Title Deed No. |
None |
Erf/Site No. |
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|
Deeds Office |
|
Physical Address |
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Property Type |
|
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 |
|
Bond Amount |
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Financial Estimates
|
CURRENT ASSETS |
Unavailable |
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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:
|
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 |
50 |
Active Principals
Principal 1 of 3: ANUP CHAND
|
Surname |
CHAND |
|
First Name |
ANUP |
|
Other Names |
None |
|
Marital Status |
Unavailable |
|
Date of Birth |
1952-05-21 |
|
Verified ID Number |
No |
|
Current Age |
60 |
|
Designation |
Business Man |
|
Status |
Active |
|
Appointment Date |
2005-10-31 |
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Physical Address (at time of Appointment) |
9 Lake Grace Margaret Street PRIMROSE |
|
Postal Address |
PO Box 374 EDENVALE 1600 |
|
Current Tel Number |
011 822 737 |
|
Cell number |
Unavailable |
|
Current Fax Number |
011 8227387 |
|
Current Email Address |
|
|
Shareholding |
Unavailable |
Adverse
Information for: ANUP CHAND
Judgement
|
Number of
Judgements |
None |
Debt
Review
|
Debt review |
None |
Other
|
Default data |
None |
Business
Information for: ANUP CHAND
Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
CURE-CHEM SOUTH AFRICA (PTY) LTD |
2005/038739/07 |
In Business |
6 Years 8 Months |
0 |
None |
Previous
Business Interests
|
Average Age of
Previous Business Interests |
None |
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
None |
|
|
|
|
|
Deeds
Information
Property
Interests for: ANUP CHAND
|
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 3: URMIL MAHAJAN
|
Surname |
MAHAJAN |
|
First Name |
URMIL |
|
Other Names |
None |
|
Marital Status |
Unavailable |
|
Date of Birth |
12-02-1959 |
|
Verified ID Number |
No |
|
Current Age |
53 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2005-10-31 |
|
Physical Address (at time of Appointment) |
9 Lake Grace Magaret Street PRIMROSE |
|
Postal Address |
PO Box 374 EDENVALE 1600 |
|
Current Tel Number |
011 822 737 |
|
Cell number |
Unavailable |
|
Current Fax Number |
011 822 7387 |
|
Current Email Address |
infoccsa@curechem.com |
|
Shareholding |
Unavailable |
Adverse
Information for URMIL MAHAJAN
Judgement
|
Number of
Judgements |
None |
Debt
Review
|
Debt review |
None |
Other
|
Default data |
None |
Business
Information for URMIL MAHAJAN
Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|||
|
CURE-CHEM SOUTH AFRICA (PTY) LTD |
2005/038739/07 |
In Business |
6 Years 8 Months |
0 |
None |
|||
Previous
Business Interests
|
Average Age of
Previous Business Interests |
None |
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
None |
|
|
|
|
|
Deeds
Information
Property
Interests for URMIL MAHAJAN
|
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: MANOJ JOSHI
|
Surname |
JOSHI |
|
First Name |
MANOJ |
|
Other Names |
None |
|
Marital Status |
Unavailable |
|
Date of Birth |
1973-08-25 |
|
Verified ID Number |
No |
|
Current Age |
39 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2005-10-31 |
|
Physical Address (at time of Appointment) |
1 Flanders Building 33 Quality Street ISANDO 1600 |
|
Postal Address |
PO BOX 374 EDENVALE 1600 |
|
Current Email Address |
|
|
Shareholding |
Unavailable |
Adverse Information for MANOJ JOSHI
Judgement
|
Number of
Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Business Information for MANOJ JOSHI
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
|||||
|
CURE-CHEM SOUTH AFRICA (PTY) LTD |
2005/038739/07 |
In Business |
6 Years 8 Months |
0 |
None |
||||||
Previous Business Interests
|
Average Age of
Previous Business Interests |
None |
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
None |
|
|
|
|
|
Deeds Information
Property Interests for MANOJ JOSHI
|
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.57.22 |
|
UK Pound |
1 |
Rs.89.42 |
|
Euro |
1 |
Rs.71.46 |
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.