|
Report Date : |
05.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
H AND R SOUTH AFRICA (PTY)LTD |
|
|
|
|
Registered Office : |
113 Trinidad Road, Island View, Bluff, 4052 |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
25.02.2004 |
|
|
|
|
Com. Reg. No.: |
M2004/004800/07 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
subject operates as a Refinery for Base Oils,
Petroleum Jelly, Process Oils and Agricultural spray oils |
|
|
|
|
No. of Employees : |
Not
available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Unknown |
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 (31.03.2012) |
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 Unemployment remains high and outdated infrastructure has constrained growth.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 |
H AND R SOUTH AFRICA (PTY)LTD |
|
|
Country |
South Africa |
|
|
Subject Contact Person |
ANDREW LIPAWSKY - Director |
|
|
Assessment |
On investigation contact was made with the Director MR. ANDREW LIPAWSKY who requested a questionnaire to be sent through. On following up on the questionnaire it was stated that they will require more time to complete the questionnaire. We are awaiting further information on the subject. Please see the available information on the subject below. |
|
|
Registered Name |
H AND R SOUTH AFRICA (PTY)LTD |
|
Trading as/ Division Name |
H AND R SOUTH AFRICA |
|
Previous Name |
None |
|
Registration Number |
M2004/004800/07 |
|
Registration Date |
2004/02/25 |
|
Date Commenced Trading |
2004-02-25 |
|
Age of Business |
9 Years 1 Months |
|
History of Business |
The subject was
established as a new business in 2004 and operations commenced immediately. |
|
History of Principals |
There are 7 active directors within the business. |
|
Shareholders/Members/Partners of subject and % holding |
Unavailable |
|
Authorised Share Capital |
R1000.00 |
|
Issued Share Capital/Members Contribution |
R 100.00 |
|
Status |
In Business |
|
Operations Assessment |
The subject operates as a Refinery for Base Oils, Petroleum Jelly,
Process Oils and Agricultural spray oils. |
|
Industry/ Customers |
The Petrochemical Industry |
|
Major Industry Code / SICC |
33210 |
|
Definition of Code |
Petrol, fuel oils, lubricating oils and greases, primarily from crude
oil |
|
Head Office Physical Address |
113 TRINIDAD ROAD, ISLAND VIEW, BLUFF, 4052 |
|
Head Office Postal Address |
P 0 BOX 21575, BLUFF, 4052 |
|
Current Tel Number |
0314668700 |
|
Current Fax Number |
0314668716 |
|
Current Email Address |
|
Company Registered Name |
PRICE WATERHOUSECOOPERS |
|
Registration Number |
1998/012055/21 |
|
Physical Address |
PwC BuildingZomerlust EstateBerg River BoulevardPaarl7646South Africa |
|
Postal Address |
P 0 BOX 215, PAARL, 7620 |
|
Contact Person |
BOETES |
|
Contact Number |
0218077100 |
|
Principals |
248 |
|
Subject Verified as Client |
Yes |
|
Practice Number |
905178E |
|
VAT Number |
4950174682 |
|
Tax Number |
9343032844 |
|
Financial Year End |
June |
|
No of years in Business |
Unknown |
|
Website |
Previous Auditors
|
Company Name |
Phone Number |
Time with previous auditors |
Comment |
|
GRANT THORNTON |
|
Unknown |
|
|
Vat Number |
4130213079 |
|
Status |
ACTIVE |
|
Vat Liable Date |
2004/04/01 |
|
Tax Number |
9146713152 |
|
Tax Clearance Expire Date |
|
|
Financial Year End |
December |
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
Organisation Chart
|
Level |
Position |
Name |
Comment |
|
|
|||
|
1 |
Director |
THATO TSAUTSE |
|
|
|
|||
|
1 |
Director |
CLIVE WOOD |
|
|
|
|||
|
1 |
Director |
STEPHEN PARKINSON |
|
|
|
|||
|
1 |
Director |
ANDREW LIPAWSKY |
|
|
|
|||
|
1 |
Director |
DEYER NATHA |
|
|
|
|||
|
1 |
Director |
NIELS HANSEN |
|
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
|
Number of Principals |
7 |
|
Average Age of Active Principals |
51 |
|
Active
Principals Principal - 1of 6 DEYAR NATHA |
|
|
Surname |
NATHA |
|
First Name |
DEYAR |
|
Other Names |
None |
|
Marital Status |
Married |
|
ID Number |
4712215091089 |
|
Verified ID Number |
Yes |
|
Current Age |
66 |
|
Designation |
|
|
Status |
Active |
|
Appointment Date |
2006/07/01 |
|
Physical Address (at time of Appointment) |
76 THIRD AVENUE, RONDEBOSCH EAST, 7780 |
|
Postal Address |
P.O. BOX 224, MELROSE ARCH, 2076 |
|
Current Tel Number |
0216898638 |
|
Cell number |
0788012754 |
|
Shareholding/Membership |
0.0000 |
Adverse
Information for DEYAR NATHA
Principal Judgment
|
Number of Judgments |
0 |
|
Principal Debt Review |
|
|
Debt review |
No Information on Record |
|
Other |
|
|
Default data |
No Information on Record |
Business Information
for DEYAR NATHA
Principal Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
HANDR SOUTH AFRICA SALES (PTY) LTD |
M2004/003998/07 |
In Business |
9 Years 1 Months |
0 |
No |
|
|
HANDR SOUTH AFRICA (PTY)LTD |
M2004/004800/07 |
In Business |
9 Years 1 Months |
0 |
No |
|
Principal Previous Business Interests
Average Age of Previous Business 26 Years
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
BENHOVE INVESTMENTS (PTY) LTD |
M2006/030107/07 |
Deregistration Final |
6 Years 6 Months |
0 |
No |
|
|
SHELL AND BP SOUTH AFRICAN PETROLEUM REFINERIES (PTY)LTD |
M1960/000007/07 |
In Business |
53 Years 2 Months |
0 |
No |
|
|
MOSSHOLD (PTY)LTD |
M1988/005318/07 |
Dissolved |
24 Years 6 Months |
0 |
No |
|
|
FNDR PROPERTIES CC |
B1989/035953/23 |
Deregistration Final |
23 Years 4 Months |
0 |
No |
|
|
THE PETROLEUM OIL AND GAS CORPORATION OF SOUTH AFRICA (PTY) LTD |
M1970/008130/07 |
In Business |
42 Years 9 Months |
0 |
No |
|
|
BREON CHEMICALS (PTY) LTD |
M2000/008812/07 |
Deregistration Final |
12 Years 10 Months |
0 |
No |
|
Principal's Deeds Information - No information on record
Principal - 2of 6
NIELS HANSEN
|
Surname |
HANSEN |
|
First Name |
NIELS |
|
Other Names |
HEINZ |
|
Marital Status |
|
|
ID Number |
6509240000000 |
|
Verified ID Number |
No |
|
Current Age |
48 |
|
Designation |
EXEUTIVE |
|
Status |
Active |
|
Appointment Date |
2004/07/01 |
|
Physical Address (at time of Appointment) |
ROTHENBAUMCHAUSSEE 55, 20148 HAMBURG, GERMANY, OOOO |
|
Postal Address |
ROTHENBAUMCHAUSSEE 55, 20148 HAMBURG, GERMANY, OOOO |
|
Current Tel Number |
0314668700 |
|
Cell number |
|
|
Shareholding/Membership |
0.0000 |
Adverse Information for NIELS HANSEN
Principal Judgment
|
Number of Judgments |
0 |
|
Principal Debt
Review |
|
|
Debt review |
No Information on Record |
|
Other |
|
|
Default data |
No Information on Record |
Business Information for NIELS HANSEN
Principal Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
HANDR SOUTH AFRICA SALES (PTY) LTD |
M2004/003998/07 |
In Business |
9 Years 1 Months |
0 |
No |
|
|
HANDR SOUTH AFRICA (PTY)LTD |
M2004/004800/07 |
In Business |
9 Years 1 Months |
0 |
No |
|
Principal's Deeds Information
- No information on record
Principal - 3of 6
THATO TSAUTSE
|
Surname |
TSAUTSE |
|
First Name |
THATO |
|
Other Names |
None |
|
Marital Status |
Divorced |
|
ID Number |
6709130422082 |
|
Verified ID Number |
Yes |
|
Current Age |
46 |
|
Designation |
DIRECTOR |
|
Status |
Active |
|
Appointment Date |
2012/04/01 |
|
Physical Address (at time of Appointment) |
67 RAND ROAD, MANOR GARDENS, DURBAN, 4001 |
|
Postal Address |
67 RAND ROAD, MANOR GARDENS, MANOR GARDENS, DURBAN, 4001 |
|
Current Tel Number |
0312613685 |
|
Cell number |
0834191676 |
|
Shareholding/Membership |
0.0000 |
|
Number of Judgements |
3 |
Adverse Information for THATO TSAUTSE
Principal Judgment
|
Number of Judgments |
3 |
|
Principal Debt
Review |
|
|
Debt review |
No Information on Record |
|
Other |
|
|
Default data |
No Information on Record |
Business Information
for THATO TSAUTSE
Principal Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
SOUTH AFRICAN ASSOCIATION OF SHIP OPERATORS AND AGENTS |
2007/027741 /08 |
In Business |
5 Years 6 Months |
0 |
No |
|
|
HANDR SOUTH AFRICA SALES (PTY) LTD |
M2004/003998/07 |
In Business |
9 Years 1 Months |
0 |
No |
|
|
HANDR SOUTH AFRICA (PTY)LTD |
M2004/004800/07 |
In Business |
9 Years 1 Months |
0 |
No |
|
|
ABRINA 7106 |
M2008/013798/08 |
In Business |
4 Years 9 Months |
0 |
No |
|
|
RANGEWAVE TRADE AND INVEST 20 (PTY)LTD |
M2009/015533/07 |
In Business |
3 Years 7 Months |
0 |
No |
|
Principal Previous Business Interests
Average Age of Previous Business 16 Years
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
FAITH HOUSE TRADING 139 (PTY) LTD |
M2006/028065/07 |
Deregistration Final |
6 Years 6 Months |
1 |
No |
|
|
UMGOGODLA INVESTMENTS (PTY) LTD |
M2006/021511/07 |
Deregistration Final |
6 Years 8 Months |
0 |
No |
|
|
UMVIYO TRADING ENTERPRISE CC |
B2008/166259/23 |
Deregistration Final |
4 Years 7 Months |
0 |
No |
|
|
SHARP MOVE TRADING 152 (PTY)LTD |
M2005/015797/07 |
Deregistration Final |
7 Years 10 Months |
0 |
No |
|
|
EDWARD NATHAN SONNENBERGSINC |
M2006/018200/21 |
In Business |
6 Years 9 Months |
0 |
No |
|
|
SOUTH AFRICAN CHAMBER OF COMMERCE AND
INDUSTRY |
M1945/020230/08 |
In Business |
67 Years 3 Months |
0 |
No |
|
Principal's Deeds
Information - No information on record
Principal - 4of 6 CLIVE WOOD
|
Surname |
WOOD |
|
First Name |
CLIVE |
|
Other Names |
None |
|
Marital Status |
Married |
|
ID Number |
5408165171182 |
|
Verified ID Number |
Yes |
|
Current Age |
59 |
|
Designation |
GENERAL MANAGER |
|
Status |
Active |
|
Appointment Date |
2009/01/28 |
|
Physical Address (at time of Appointment) |
78 GROSVENOR ROAD, GLENMORE, DURBAN, 4001 |
|
Postal Address |
P O BOX 21575, BLUFF, 4036 |
|
Current Tel Number |
0314513004 |
|
Cell number |
0836457601 |
|
Shareholding/Membership |
0.0000 |
Adverse Information for CLIVE WOOD
Principal Judgment
|
Number of Judgments |
0 |
|
Principal Debt
Review |
|
|
Debt review |
No Information on Record |
|
Other |
|
|
Default data |
No Information on Record |
Business Information
for CLIVE WOOD
Principal Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
HANDR SOUTH AFRICA SALES (PTY) LTD |
M2004/003998/07 |
In Business |
9 Years 1 Months |
0 |
No |
|
|
HANDR SOUTH AFRICA (PTY)LTD |
M2004/004800/07 |
In Business |
9 Years 1 Months |
0 |
No |
|
Principal Previous Business Interests
Average Age of Previous Business 49 Years
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
DUSSEK CAMPBELL (PTY) LTD |
M1963/001796/07 |
Deregistration Final |
49 Years 11 Months |
0 |
No |
|
Principal's Deeds
Information - No information on record
Principal - 5of 6
STEPHEN PARKINSON
|
Surname |
PARKINSON |
|
First Name |
STEPHEN |
|
Other Names |
JAMES |
|
Marital Status |
|
|
ID Number |
590104 |
|
Verified ID Number |
No |
|
Current Age |
55 |
|
Designation |
OIL COMPANY EXECUTIVE |
|
Status |
Active |
|
Appointment Date |
2007/07/02 |
|
Physical Address (at time of Appointment) |
32 GLENCOE ROAD, WEYBRIDGE, SURREY, UNITED KINGDOM, KT13 8JY |
|
Postal Address |
32 GLENCOE ROAD, WEYBRIDGE, SURREY, UNITED KINGDOM, KT13 8JY |
|
Current Tel Number |
0314668700 |
|
Cell number |
|
|
Shareholding/Membership |
0.0000 |
Adverse Information
for STEPHEN PARKINSON
Principal Judgment
|
Number of Judgments |
0 |
|
Principal Debt
Review |
|
|
Debt review |
No Information on Record |
|
Other |
|
|
Default data |
No Information on Record |
Business Information
for STEPHEN PARKINSON
Principal Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
HANDR SOUTH AFRICA SALES (PTY) LTD |
M2004/003998/07 |
In Business |
9 Years 1 Months |
0 |
No |
|
|
HANDR SOUTH AFRICA (PTY)LTD |
M2004/004800/07 |
In Business |
9 Years 1 Months |
0 |
No |
|
Principal's Deeds
Information - No information on record
Principal - 6of 6
ANDREW LIPAWSKY
|
Surname |
LIPAWSKY |
|
First Name |
ANDREW |
|
Other Names |
None |
|
Marital Status |
Married |
|
ID Number |
6909215142080 |
|
Verified ID Number |
Yes |
|
Current Age |
44 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2007/03/07 |
|
Physical Address (at time of Appointment) |
40 HOYLAKE DRIVE, DURBAN NORTH, 4051 |
|
Postal Address |
P 0 BOX 21575, BLUFF, 4036 |
|
Current Tel Number |
0314668700 |
|
Cell number |
0836457605 |
|
Shareholding/Membership |
0.0000 |
Adverse
Information for ANDREW LIPAWSKY
Principal Judgment
|
Number of Judgments |
0 |
|
Principal Debt
Review |
|
|
Debt review |
No Information on Record |
|
Other |
|
|
Default data |
No Information on Record |
Business Information
for ANDREW LIPAWSKY
Principal Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
HANDR SOUTH AFRICA SALES (PTY) LTD |
M2004/003998/07 |
In Business |
9 Years 1 Months |
0 |
No |
|
|
HANDR SOUTH AFRICA (PTY)LTD |
M2004/004800/07 |
In Business |
9 Years 1 Months |
0 |
No |
|
Principal's Deeds
Information - No information on record
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.65 |
|
UK Pound |
1 |
Rs.82.41 |
|
Euro |
1 |
Rs.70.08 |
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.