|
Report Date : |
05.10.2012 |
IDENTIFICATION DETAILS
|
Name : |
WARREN CHEM SPECIALITIES (PTY)LTD |
|
|
|
|
|
|
Formerly Known As : |
WARREN
CHEM SPECIALITIES CC |
|
|
|
|
|
|
Registered Office : |
11
Mansell Road, Killarney Gardens, Milnerton, 7441 |
|
|
|
|
|
|
Country : |
|
|
|
|
|
|
|
Date of Incorporation : |
25.04.2000 |
|
|
|
|
|
|
Com. Reg. No.: |
M2000/008419/07 |
|
|
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
|
|
Line of Business : |
Wholesale
trade in agricultural raw materials and livestock |
|
|
|
|
|
|
No. of Employees : |
50 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No Complaints |
|
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
|
South Africa |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
SOUTH AFRICA - ECONOMIC OVERVIEW
south Africa is a
middle-income, emerging market with an abundant supply of natural resources;
well-developed financial, legal, communications, energy, and transport sectors;
a stock exchange that is the 18th largest in the world; and modern
infrastructure supporting a relatively efficient distribution of goods to major
urban centers throughout the region. Growth was robust from 2004 to 2007 as
South Africa reaped the benefits of macroeconomic stability and a global
commodities boom but began to slow in the second half of 2007 due to an
electricity crisis and the subsequent global financial crisis' impact on
commodity prices and demand. GDP fell nearly 2% in 2009 but recovered in
2010-11. Unemployment remains high and outdated infrastructure has constrained
growth. State power supplier Eskom encountered problems with aging plants and
meeting electricity demand necessitating "load-shedding" cuts in 2007
and 2008 to residents and businesses in the major cities. Daunting economic
problems remain from the apartheid era - especially poverty, lack of economic
empowerment among the disadvantaged groups, and a shortage of public
transportation. South Africa''s economic policy is fiscally conservative
focusing on controlling inflation and attaining a budget surplus. The current
government largely follows these prudent policies but must contend with the
impact of the global crisis and is facing growing pressure from special
interest groups to use state-owned enterprises to deliver basic services to
low-income areas and to increase job growth.
Source : CIA
|
Subject
Name |
WARREN
CHEM SPECIALITIES (PTY)LTD |
|
Country |
SOUTH
AFRICA |
|
Subject
Contact Person |
PAUL
- Sales |
|
Assessment |
This
is a well-established and well -connected business. On investigation contact
was made with PAUL who assisted with the information. The business has been
in operation for over 24 years. The highest credit exposure is ten million
over 45 days. A bank code could not be obtained as the account number was not
made available. No adverse information was revealed. The physical address
provided by yourselves is that of the business's branch in Edenvale,
Johannesburg. Please see the information obtained below. |
|
Registered
Name |
WARREN
CHEM SPECIALITIES (PTY)LTD |
|
Trading
as/ Division Name |
WARREN
CHEM |
|
Previous
Name |
WARREN
CHEM SPECIALITIES CC |
|
Date
of Name Change |
APRIL
2000 |
|
Registration
Number |
M2000/008419/07 |
|
Registration
Date |
2000/04/25 |
|
Date
Commenced Trading |
1991 |
|
Age
of Business |
12
Years 6 Months |
|
History
of Business |
WARREN
CHEM SPECIALITIES CC was registered in 1991 and later converted to a Private
Company in April 2000 |
|
History
of Principals |
Unavailable |
|
Shareholders/Members/Partners
of subject and % holding |
Unavailable |
|
Authorised
Share Capital |
R0.00 |
|
Issued
Share Capital/Members Contribution |
R0.00 |
|
Status |
In
Business |
|
Operations
Assessment |
The company is involved in the
supply of raw material to various sectors |
|
Industry/
Customers |
Pharmaceutical,Food
and Beverage ,Chemical sector |
|
Export |
Yes |
|
Export
Countries |
Zimbabwe |
|
Import |
Yes |
|
Import
Countries |
American
Samoa,China,Germany,India |
|
Major
Industry Code / SICC |
61210 |
|
Definition
of Code |
Wholesale
trade in agricultural raw materials and livestock |
|
Head
Office Physical Address |
11
Mansell Road, Killarney Gardens, Milnerton, 7441 |
|
Head
Office Postal Address |
PO
Box 36846, Chempet, Cape Town, 7442 |
|
Current
Tel Number |
0215561920 |
|
Cell
Number |
|
|
Current
Fax Number |
0215561905 |
|
Current
Email Address |
i
nf o@warre nc he met. co. za |
|
Web
Site Address |
|
|
Comments |
|
|
Company
Registered Name |
CECIL
KILPIN EN KIE GR(SA) |
|
Trading
Name |
CECIL
KILPIN |
|
Registration
Number |
Sole
Proprietor |
|
Physical
Address |
Medical
Centre, Hill Street, Vredenburg, 7380 |
|
Postal
Address |
POSBUS12,
VREDENBURG, 7380 |
|
Contact
Person |
JOHAN
VOS |
|
Contact
Number |
022
7132295 |
|
Email |
|
|
Principals |
1 |
|
Judgements
Against Subject |
No
information on file |
|
Judgements
Against Principals |
No
information on file |
|
Subject
Verified as Client |
Yes |
|
Practice
Number |
|
|
VAT
Number |
4710109572 |
|
Tax
Number |
|
|
BEE
Status |
None |
|
Financial
Year End |
|
|
No
of years in Business |
20 |
|
Website |
|
|
Comment |
|
Previous Auditors
|
Company Name |
Phone Number |
Time with
previous auditors |
Comment |
|
CECIL KILPIN AND
COMPANY |
|
Unknown |
|
|
Vat
Number |
4740102209 |
|
Status |
ACTIVE |
|
Vat
Liable Date |
1991/09/30 |
|
Tax
Number |
9885006149 |
|
Tax
Clearance Expire Date |
|
|
Financial
Year End |
February |
|
Comment |
|
|
Black
Economic Empowerment |
|
|
Status |
Yes |
|
Score |
1.00 |
|
Expire
Date |
|
|
BEE
Certificate Available |
Yes |
|
Comment |
|
|
ISO Status |
|
|
Type
of ISO Grade |
ISO
9001:2008 |
|
ISO
Certificate |
Yes |
|
ISO
Certificate Available |
Yes |
|
Certified
by an Accredited Agent |
Yes |
|
Comment |
|
|
Workman's
compensation |
|
|
Registered |
Yes |
|
Compliance
Certified |
Yes |
|
Comment |
|
Subsidiaries
Information - No Information on Record
Employees
|
Employees |
||||
|
Number
of Employees |
50 |
|||
|
1.
Salaried employees |
50 |
|||
|
2.
Waged employees |
0 |
|||
|
3.
Permanent employees |
|
|||
|
4.
Casual employees |
|
|||
|
5.
Contracted employees |
|
|||
|
Comment |
|
|||
|
Company
Fleet |
||||
|
Company
Fleet |
No
of vehicles: |
Ownerd/Leased |
Value |
Outstanding
Balance |
|
Fleet
Operations |
|
|
|
|
|
The
Fleet is made up of |
|
|||
|
Comment |
Further details were not made available |
|||
|
Light
delivery Vehicles |
|
Owned |
|
|
|
Offices |
Offices |
|
Head
Office Owned/ Rented |
Owned |
|
Rental
Company |
|
|
Lease
Expire Date |
|
|
Type
of Premises |
Office
building |
|
Comment |
|
Branch Information
|
Branches Names |
Country |
Province |
|
Warren Chem Specialities
(Pty)Ltd-Edenvale |
South Africa |
GAUTENG |
|
Branch
Detail Information |
||
|
Lease
Expire Date |
|
|
|
Type
of Premises |
|
|
|
Comment |
34 Brunton Circle
Founders Hill,Edenvale, Gauteng, 1645011 396 3733011 396 3734info@warrenchem.co.za |
|
Organisation Chart
|
Level |
Position |
Name |
Comment |
|
|
|||
|
1 |
ROGER WARREN |
AAANAGING
DIRECTOR |
|
|
|
|||
|
2 |
DIRECTOR |
ANDRE COLLINS |
|
|
|
|||
|
3 |
CEO |
BARBARA COLLINS |
|
Company Structure Information - No Information on
Record
Note:
One level up and all levels down
Key Deals - No Information on Record
|
Trade Reference
nr |
Supplier |
Contact |
Surety Value |
Notarial
Bonds |
Comment |
|
1 |
SKYLINE FREIGHT |
011 396 2030 |
|
|
|
|
2 |
Protea Chemicals |
021 550 8111 |
|
|
|
Trade References Detail
|
Nr |
Age
of Acc |
Credit
Limit |
Max
Credit |
Terms |
Average
Purchases |
Terms
Taken |
Comment |
|
1 |
2002 |
R10000000.00 |
R 5200000 |
45
DAYS |
R 2000000 |
45 DAYS |
EXCELLENT ACCOUNT |
|
2 |
10 Years |
R10000.00 |
R 20000 |
30
days |
R10000 |
30 days |
The subject is allowed to exceed
their credit limit |
Judgements
|
Judgements |
NONE |
|
Possible
Judgements |
NONE |
|
Civil
Court |
NONE |
|
RDs |
NONE |
|
Comment |
No
Information on Record |
Business Rescue
|
Date registered |
Business rescue
practitioner |
Contact
Information |
Details |
Comment |
|
|
NONE |
No Information on
Record |
No Information on Record |
No Information on
Record |
|
Date |
Details |
Comment |
|
|
NONE |
No Information on
Record |
|
Notarial
Bonds |
||
|
Date |
Details |
Comment |
|
|
NONE |
No Information on
Record |
|
Bank |
ABSA
BANK |
|
Branch |
UNDISCLOSED |
|
Brach
Code |
UNDISCLOSED |
|
Bank
Account Number |
UNDISCLOSED |
|
Type
of Account |
UNDISCLOSED |
|
Account
Name |
WARREN
CHEM SPECIALITIES (PTY)LTD |
|
Overdraft
Facilities |
UNDISCLOSED |
|
Bank
Code |
P |
|
Bank
Comment |
A
Bank code could not be obtained as the subject declined to provide a bank
account number |
Bank Code History -
No Information on Record
Previous Bank Account
Informat ion - No Information on Record
Deeds Information -
No information on record
Financial Estimates
|
Current
Turnover per annum |
|
|
Comment |
All
financial information was not made available |
|
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 |
5 |
|
Average
Age of Active Principals |
58 |
|
Active
Principals Principal - 1of 5 ROGER WARREN |
|
|
Surname |
WARREN |
|
First
Name |
ROGER |
|
Other
Names |
NONE |
|
Marital
Status |
Married |
|
ID
Number |
5411095149088 |
|
Verified
ID Number |
Yes |
|
Current
Age |
58 |
|
Designation |
MANAGING
DIRECTOR |
|
Status |
Active |
|
Appointment
Date |
2000/04/25 |
|
Physical
Address (at time of Appointment) |
5
VALMAR ROAD, EVERSDAL, DURBANVILLE, 7550 |
|
Postal
Address |
PO
BOX 36846, CHEMPET, 7441 |
|
Current
Tel Number |
0215561920 |
|
Cell
number |
0828855616 |
|
Shareholding/Membership |
0.0000 |
Principal's Adverse -
No information on record
Business Information
forR OGER WARREN
Principal Current
Business Interests
|
Company
Name |
Registration No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
WARREN CHEM PHARMACEUTICALS (PTY) LTD |
M1995/010251/07 |
In Business |
17
Years 5 Months |
0 |
No |
|
|
WARREN
CHEM SPECIALITIES (PTY) LTD |
M2000/008419/07 |
In Business |
0 |
0 |
No |
|
Principal's Deeds
Information - No information on record
|
Principal
- 2of 5 ELSABE WARREN |
|
|
Surname |
WARREN |
|
First
Name |
ELSABE |
|
Other
Names |
NONE |
|
Marital
Status |
Married |
|
ID
Number |
5712080035087 |
|
Verified
ID Number |
Yes |
|
Current
Age |
55 |
|
Designation |
DIRECTOR |
|
Status |
Active |
|
Appointment
Date |
2000/04/25 |
|
Physical
Address (at time of Appointment) |
5
VALMAR ROAD, EVERSDAL, DURBANVILLE, 7550 |
|
Postal
Address |
PO
BOX 36846, CHEMPET, 7441 |
|
Current
Tel Number |
0215561920 |
|
Cell
number |
|
|
Shareholding/Membership |
0.0000 |
Principal's Adverse -
No information on record
Business Information
forE LSABE WARREN
Principal Current
Business Interests
|
Company
Name |
Registration No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
WARREN CHEM PHARMACEUTICALS (PTY) LTD |
M1995/010251/07 |
In Business |
17
Years 5 Months |
0 |
No |
|
|
WARREN
CHEM SPECIALITIES (PTY) LTD |
M2000/008419/07 |
In Business |
0 |
0 |
No |
|
Principal's Deeds
Information - No information on record
|
Principal
- 3of 5 ANDRE COLLINS |
|
|
Surname |
COLLINS |
|
First
Name |
ANDRE |
|
Other
Names |
NONE |
|
Marital
Status |
Married |
|
ID
Number |
4808095063089 |
|
Verified
ID Number |
Yes |
|
Current
Age |
64 |
|
Designation |
DIRECTOR |
|
Status |
Active |
|
Appointment
Date |
2000/04/25 |
|
Physical
Address (at time of Appointment) |
72
BAY BEACH AVENUE, SUNSET LINKS, MILNERTON, 7441 |
|
Postal
Address |
PO
BOX 36846, CHEMPET, 7441 |
|
Current
Tel Number |
0215561920 |
|
Cell
number |
0832875870 |
|
Shareholding/Membership |
0.0000 |
Principal's Adverse -
No information on record
Business Information
forA NDRE COLLINS
Principal Current
Business Interests
|
Company
Name |
Registration No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
LIJENI
WINES CC |
B2001/036754/23 |
In Business |
11
Years 11 Months |
0 |
No |
|
|
WARREN
CHEM PHARMACEUTICALS (PTY) LTD |
M1995/010251/07 |
In Business |
17
Years 5 Months |
0 |
No |
|
|
WARREN
CHEM SPECIALITIES (PTY) LTD |
M2000/008419/07 |
In Business |
0 |
0 |
No |
|
|
DORINGBAAI
HOOGTES EIENDOMSBELEGGI NGS (PTY)LTD |
M2005/007102/07 |
In Business |
7
Years 7 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 |
|
BEAR CHEMICALS CC |
B1991/008939/23 |
Deregistration
Final |
21
Years 9 Months |
0 |
No |
|
|
SHOREBIRD TRADING
3 CC |
B2003/098119/23 |
Deregistration
Final |
9 Years 9 Months |
0 |
No |
|
Principal's Deeds
Information - No information on record
Principal - 4of 5
BARBARA COLLINS
|
Surname |
COLLINS |
|
First
Name |
BARBARA |
|
Other
Names |
NONE |
|
Marital
Status |
Married |
|
ID
Number |
5408110120086 |
|
Verified
ID Number |
Yes |
|
Current
Age |
58 |
|
Designation |
DIRECTOR |
|
Status |
Active |
|
Appointment
Date |
2000/04/25 |
|
Physical
Address (at time of Appointment) |
72
BAY BEACH AVENUE, SUNSET LINKS, MILNERTON, 7441 |
|
Postal
Address |
PO
BOX 36846, CHEMPET, 7441 |
|
Current
Tel Number |
|
|
Cell
number |
0832279295 |
|
Shareholding/Membership |
0.0000 |
Principal's Adverse -
No information on record
Business Information
forB ARBARA COLLINS
Principal Current
Business Interests
|
Company
Name |
Registration No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
LIJENI
WINES CC |
B2001/036754/23 |
In Business |
11
Years 11 Months |
0 |
No |
|
|
WARREN
CHEM PHARMACEUTICALS (PTY) LTD |
M1995/010251/07 |
In Business |
17
Years 5 Months |
0 |
No |
|
|
WARREN
CHEM SPECIALITIES (PTY) LTD |
M2000/008419/07 |
In Business |
0 |
0 |
No |
|
Principal Previous
Business Interests
Average Age of Previous Business 21 Years
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
BEAR CHEMICALS CC |
B1991/008939/23 |
Deregistration
Final |
21 Years
9 Months |
0 |
No |
|
Principal's Deeds
Information - No information on record
|
Principal
- 5of 5 EDWARD SPARG |
|
|
Surname |
SPARG |
|
First
Name |
EDWARD |
|
Other
Names |
CLAUDE |
|
Marital
Status |
|
|
ID
Number |
3910395131002 |
|
Verified
ID Number |
No |
|
Current
Age |
Unknown |
|
Designation |
|
|
Status |
Deceased |
|
Appointment
Date |
|
|
Physical
Address (at time of Appointment) |
VYGEBOOMSTRAAT
102, SONSTRAAL, DURBANVILLE, 7550 |
|
Postal
Address |
VYGEBOOMSTRAAT
102, SONSTRAAL, DURBANVILLE, 7550 |
|
Current
Tel Number |
|
|
Cell
number |
|
|
Shareholding/Membership |
|
Principal's Adverse -
No information on record
Business Information
forE DWARD SPARG
Principal Current
Business Interests
|
Company
Name |
Registration No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
WARREN CHEM SPECIALITIES (PTY) LTD |
M2000/008419/07 |
In Business |
0 |
0 |
No |
|
Principal's Deeds
Information - No information on record
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.97 |
|
|
1 |
Rs.83.67 |
|
Euro |
1 |
Rs.67.19 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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.