|
Report Date : |
04.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
SAINT GOBAIN CONSTRUCTION PRODUCTS SA(PTY)LTD |
|
|
|
|
Registered Office : |
77 Ostend Road Dellville Germiston 1401 77 Ostend
Road Dellville Germiston 1401 |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
27.09.1937 |
|
|
|
|
Com. Reg. No.: |
1937/010220/07 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Manufacture of machinery for mining, quarrying and
construction |
|
|
|
|
No. of Employees : |
1500 |
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 : |
-- |
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, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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 and a stock exchange that is the
15th largest in the world. Even though the country possesses modern
infrastructure that support a relatively efficient distribution of goods to
major urban centers throughout the region, some components retard growth. The
economy began to slow in the second half of 2007 due to an electricity crisis.
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. Subsequently, the global
financial crisis reduced commodity prices and world demand. GDP fell nearly 2%
in 2009 but has recovered since then. Unemployment, poverty, and inequality
remain a challenge, with official unemployment at nearly 25% of the work force.
Eskom has built two new power stations and installed new power demand
management programs to improve power grid reliability. South Africa's economic
policy has focused on controlling inflation, however, the country has had
significant budget deficits that restrict its ability to deal with pressing
economic problems. The current government faces 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 |
SAINT GOBAIN
CONSTRUCTION PRODUCTS SA(PTY)LTD |
|
Country |
South
Africa |
|
Enquiry
Terms |
30 Days |
|
Account
Review |
Reccomended
Every 6 Months |
|
Subject
Contact Person |
TINTSWALO
MUSHWANA |
|
Assessment |
This is an
established business. On investigation we made contact with TINTSWALO
MUSHWANA the ACCOUNTS MANAGER, who assisted with basic information and
declined the financial information. The subject is meeting commitments
timeously with suppliers. Over a period of 30 Days. Please see the available
information on the subject below. |
|
Registered Name |
SAINT-GOBAIN CONSTRUCTION
PRODUCTS SOUTH AFRICA (PTY)LTD |
|
Trading as/ Division Name |
SAINT-GOBAIN GYPROC |
|
Previous Name |
None |
|
Date of Name Change |
None |
|
Registration Number |
1937/010220/07 |
|
Registration Date |
1937/09/27 |
|
Date Commenced Trading |
1937-09-27 |
|
Age of Business |
76 Years 2 Months |
|
History of Business |
The subject was
established in 1937 |
|
History of Principals |
There are 3 principles
within the subject |
|
Shareholders/Members/Partners
of subject and % holding |
100%- COMMATONE LTD |
|
Authorised Share Capital |
|
|
Issued Share
Capital/Members Contribution |
|
|
Status |
In Business |
|
Operations Assessment |
The subject main
operation is to manufacture construction products |
|
Industry/ Customers |
Public and private
companies |
|
Export |
|
|
Export Countries |
|
|
Import |
Yes |
|
Import Countries |
China,India |
|
Major Industry Code / SICC |
35740 |
|
Definition of Code |
Manufacture of machinery
for mining, quarrying and construction |
|
Head Office Physical
Address |
77 OSTEND ROAD Dellville
GERMISTON 1401 |
|
Head Office Postal
Address |
P O BOX 700 GERMISTON
1400 |
|
Current Tel Number |
0113455407 |
|
Cell Number |
|
|
Current Fax Number |
0113881462 |
|
Current
Email Address |
|
|
Web Site
Address |
|
|
Comments |
|
|
Company Registered Name |
PRICE WATERHOUSE COOPERS
INCORPORATED |
|
Trading Name |
|
|
Registration Number |
|
|
Physical Address |
2 Eglin
RoadSUNNINGHILL2157 |
|
Postal Address |
Private Bag
X36SUNNINGHILL2157 |
|
Contact Person |
KAREN ROSINGANA |
|
Contact Number |
0117974000 |
|
Email |
|
|
Principals |
|
|
Judgements Against
Subject |
|
|
Judgements Against
Principals |
|
|
Subject Verified as
Client |
|
|
Practice Number |
901121 |
|
VAT Number |
Unavailable |
|
Tax Number |
Unavailable |
|
BEE Status |
Unavailable |
|
Financial Year End |
Unavailable |
|
No of years in Business |
6 Years 11 Months |
|
Website |
Unavailable |
|
Comment |
|
Previous Auditors Information - No
Information on Record
|
Vat Number |
4430103087 |
|
Status |
ACTIVE |
|
Vat Liable Date |
1991/09/30 |
|
Tax Number |
9000065608 |
|
Tax Clearance Expire Date |
|
|
Financial Year End |
December |
|
Comment |
|
|
Status |
Yes |
|
Score |
5.00 |
|
Expire Date |
Nov 30 2013 |
|
BEE Certificate Available |
No |
|
Comment |
The subject new BEE Certificate
is in Process |
|
Type of ISO Grade |
|
|
ISO Certificate |
Yes |
|
ISO Certificate Available |
Yes |
|
Certified by an
Accredited Agent |
|
|
Comment |
|
|
Registered |
Yes |
|
Compliance Certified |
Yes |
|
Comment |
|
Subsidiaries
|
Subsidiary Company |
DONN PRODUCTS (PTY) LTD |
|
Shareholding |
66% |
|
Registration Number |
1971/000193/07 |
|
Import / Export |
YES |
|
Comment |
|
|
Number of Employees |
1500 |
|
1. Salaried employees |
|
|
2. Waged employees |
|
|
3. Permanent employees |
1415 |
|
4. Casual employees |
75 |
|
5. Contracted employees |
10 |
|
Comment |
|
|
Company Fleet |
No of vehicles: |
Ownerd/Leased |
Value |
Outstanding Balance |
|
Fleet Operations |
|
|
|
|
|
The Fleet is made up of |
50 |
|||
|
Comment |
|
|||
|
Cars |
50 |
Owned |
|
|
|
Offices |
Offices |
|
Head Office Owned/ Rented |
Owned |
|
Rental Company |
|
|
Owned by |
COMMATONE LTD |
|
Type of Premises |
Industial Area with
Office blocks |
|
Comment |
|
|
Branches Names |
Country |
Province |
|
|
|
|
|
Comment |
The subject has more than
10 branches nation wide. |
Organisation Chart
Level Position Name Comment
1 Director PETER
HINDLE
1 Director STEPHEN DU TOIT
Note:
One level up and all levels down
|
Holding |
Company |
Sub |
Comment |
|
100%-COMMATONE LTD |
SAINT GOBAIN CONSTRUCTION PRODUCTS
SOUTH AFRICA (PTY) LTD |
66%- DONN PRODUCTS (PTY) LTD |
|
Key Deals - No
Information on Record
|
Trade Reference nr |
Supplier |
Contact |
Surety Value |
Notarial Bonds |
Comment |
|
1 |
OWA |
0117865763 |
|
|
|
|
2 |
PRETORIA BOX |
0123799057 |
|
|
|
|
Nr |
Age of
Acc |
Credit
Limit |
Max
Credit |
Terms |
Average
Purchases |
Terms
Taken |
Comment |
|
1 |
20 Years |
|
|
30 Days |
|
30 Days |
Good account, the
supplier could not divulge the credit limit as they have a privacy procedure
with the subject |
|
2 |
4 Years |
R150000.00 |
R150000 |
30 Days |
R102000 |
30 Days |
Good account |
Judgements - No information
on record
Business Rescue - No
Information on Record
Default Listing - No
information on record
|
Bank |
STANDARD BANK |
|
Branch |
RIVONIA |
|
Brach Code |
051001 |
|
Bank Account Number |
022967435 |
|
Type of Account |
CURRENT |
|
Account Name |
SAINT GOBAIN GYPROC SOUTH
AFRICA (DIVISION OF THE SUBJECT) |
|
Overdraft Facilities |
NONE |
|
Bank Code |
C for R 150000 |
|
Bank Comment |
The subject's bankers consider
them good for all business normal engagements |
Bank Code History - No
Information on Record
Previous Bank Account
Information - No Information on Record
SAINT GOBAIN CONSTRUCTION PRODUCTS
Property Interests for Company
sa(PTY)LTD
|
Title Deed No. |
T138269/2007 |
Erf/Site No. |
|
|
Deeds Office |
PRETORIA |
Physical Address |
WITPOORTJIE 117-IR
BRAKPAN |
|
Property Type |
Small Holding |
Extent / Size |
2.234H |
|
Purchase Date |
2007/07/11 |
Purchase price |
|
|
% Ownership |
0.00 |
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
|
|
Comment |
|
||
|
Number of
Principals |
3 |
|
Average Age of
Active Principals |
48 |
Active Principals
Principal - 1 of 3
SENECA VEERAN AND V
LUTCHMANA FT
|
Surname |
VEERAN AND V
LUTCHMANA FT |
|
First Name |
SENECA |
|
Other Names |
|
|
Marital Status |
|
|
ID Number |
7601220022089 |
|
Verified ID
Number |
Yes |
|
Current Age |
37 Years 10
Months |
|
Designation |
|
|
Status |
Active |
|
Appointment Date |
2012/07/12 |
|
Physical Address
(at time of Appointment) |
77 OSTEND ROAD,
GERMISTON SOUTH, 1401 |
|
Postal Address |
P O BOX
700GERMISTON 1400 |
|
Current Tel
Number |
0115423002 |
|
Cell number |
0832265913 |
|
Shareholding/Membership |
0.00 |
Business Information for
SENECA VEERAN AND V LUTCHMANA FT
Principal Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
COLGATE-PALMOLIVE
(PTY)LTD |
M1929/001620/07 |
In Business |
0 |
0 |
No |
|
|
DONN PRODUCTS (PTY)LTD |
M1969/012456/07 |
In Business |
44 Years 8 Months |
0 |
No |
|
|
DONN SOUTH AFRICA
(PTY)LTD |
M1971/001193/07 |
In Business |
42 Years 6 Months |
0 |
No |
|
|
GYPSUM INDUSTRIES (PTY)LTD |
M1971/011268/07 |
In Business |
42 Years 6 Months |
0 |
No |
|
|
LISKEY (PTY)LTD |
M1980/003644/07 |
In Business |
33 Years 9 Months |
0 |
No |
|
|
SAINT - GOBAIN WEBER
SOUTH AFRICA (PTY)LTD |
M2005/020576/07 |
In Business |
8 Years 8 Months |
0 |
No |
|
|
SAINT-GOBAIN ABRASIVES (PTY)LTD |
M1997/017721/07 |
In Business |
16 Years 4 Months |
0 |
No |
|
|
SAINT-GOBAIN CONSTRUCTION
PRODUCTS SOUTH AFRICA (PTY)LTD |
M1937/010220/07 |
In Business |
76 Years 4 Months |
0 |
No |
|
|
SAINT-GOBAIN MINING (PTY)LTD |
M2007/032896/07 |
In Business |
6 Years 6 Months |
0 |
No |
|
|
SAINT-GOBAIN PIPELINES
SOUTH AFRICA (PTY)LTD |
M1984/011416/07 |
In Business |
29 Years 5 Months |
0 |
No |
|
|
SELCOTRADE 35 (PTY)LTD |
M2005/019924/07 |
In Business |
8 Years 8 Months |
0 |
No |
|
|
SPUNBOND INSULATION (PTY)LTD |
M1998/025799/07 |
In Business |
15 Years 3 Months |
0 |
No |
|
|
SWYS TILE ADHESIVE
CHEMICALS (PTY)LTD |
M2006/009690/07 |
In Business |
7 Years 7 Months |
0 |
No |
|
Principal Deeds
Information
|
Title Deed No. |
T164176/2005 |
Erf/Site No. |
|
|
Deeds Office |
PRETORIA |
Physical Address |
CARLSWALD NORTH ESTATE
MIDRAND |
|
Property Type |
Freehold |
Extent / Size |
1007.0SQM |
|
Purchase Date |
2005/08/10 |
Purchase price |
|
|
% Ownership |
0.00 |
Bond Holder |
FIRSTRAND BANK LTD |
|
Bond Number |
B1881352005 |
Bond Amount |
|
|
Comment |
|
||
Principal - 2 of 3
PETER HINDLE
|
Surname |
HINDLE |
|
First Name |
PETER |
|
Other Names |
|
|
Marital Status |
|
|
ID Number |
5402170000000 |
|
Verified ID Number |
No |
|
Current Age |
59 Years 9 Months |
|
Designation |
DIRECTOR |
|
Status |
Active |
|
Appointment Date |
2009/02/24 |
|
Physical Address (at time
of Appointment) |
WOODSIDE 3 LINDEN GREEN,
THORNTON CLEVELEYS, LANCASHIRE, 1111 |
|
Postal Address |
WOODSIDE 3 LINDEN GREEN,
THORNTON CLEVELEYS, LANCASHIRE, 1111 |
|
Current Tel Number |
0113455407 |
|
Cell number |
|
|
Shareholding/Membership |
0.00 |
Business Information for
PETER HINDLE
Principal Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
SAINT-GOBAIN ABRASIVES (PTY)LTD |
M1997/017721/07 |
In Business |
16 Years 4 Months |
0 |
No |
|
|
SAINT-GOBAIN CONSTRUCTION
PRODUCTS SOUTH AFRICA (PTY)LTD |
M1937/010220/07 |
In Business |
76 Years 4 Months |
0 |
No |
|
|
SAINT-GOBAIN PIPELINES
SOUTH AFRICA (PTY)LTD |
M1984/011416/07 |
In Business |
29 Years 5 Months |
0 |
No |
|
|
Surname |
DU TOIT |
|
First Name |
STEPHEN |
|
Other Names |
|
|
Marital Status |
|
|
ID Number |
6506275012086 |
|
Verified ID
Number |
Yes |
|
Current Age |
48 Years 5
Months |
|
Designation |
DIRECTOR |
|
Status |
Active |
|
Appointment Date |
2001/06/01 |
|
Physical Address
(at time of Appointment) |
9 ROBIN
PLACEROBIN DRIVEFOUR WAYS2055 |
|
Postal Address |
P O BOX
700GERMISTON1400 |
|
Current Tel
Number |
0113455345 |
|
Cell number |
0828083787 |
|
Shareholding/Membership |
0.00 |
Principal Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
DONN PRODUCTS (PTY)LTD |
M1969/012456/07 |
In Business |
44 Years 8 Months |
0 |
No |
|
|
DONN SOUTH AFRICA
(PTY)LTD |
M1971/001193/07 |
In Business |
42 Years 6 Months |
0 |
No |
|
|
GYPSUM INDUSTRIES (PTY)LTD |
M1971/011268/07 |
In Business |
42 Years 6 Months |
0 |
No |
|
|
LISKEY (PTY)LTD |
M1980/003644/07 |
In Business |
33 Years 9 Months |
0 |
No |
|
|
SAINT - GOBAIN WEBER
SOUTH AFRICA (PTY)LTD |
M2005/020576/07 |
In Business |
8 Years 8 Months |
0 |
No |
|
|
SAINT-GOBAIN ABRASIVES (PTY)LTD |
M1997/017721/07 |
In Business |
16 Years 4 Months |
0 |
No |
|
|
SAINT-GOBAIN CONSTRUCTION
PRODUCTS SOUTH AFRICA (PTY)LTD |
M1937/010220/07 |
In Business |
76 Years 4 Months |
0 |
No |
|
|
SAINT-GOBAIN MINING
(PTY)LTD |
M2007/032896/07 |
In Business |
6 Years 6 Months |
0 |
No |
|
|
SELCOTRADE 35 (PTY)LTD |
M2005/019924/07 |
In Business |
8 Years 8 Months |
0 |
No |
|
|
SWYS TILE ADHESIVE
CHEMICALS (PTY)LTD |
M2006/009690/07 |
In Business |
7 Years 7 Months |
0 |
No |
|
|
Company Name |
Registration No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
CEILING
AND PARTITION WAREHOUSE (PTY)LTD |
M1998/023020/07 |
In
Business |
15
Years 3 Months |
0 |
No |
|
|
SAINT-GOBAIN
ISOVER SOUTH AFRICA (PTY)LTD |
M1996/006866/07 |
Deregistration
Process |
17
Years 5 Months |
0 |
No |
|
|
SPUNBOND INSULATION
(PTY)LTD |
M1998/025799/07 |
In
Business |
15
Years 3 Months |
0 |
No |
|
Property Interests for
STEPHEN DU TOIT
|
Title Deed No. |
T107755/2002 |
Erf/Site No. |
|
|
Deeds Office |
PRETORIA |
Physical Address |
89 LACHLAN GLENFERNESS AH
MIDRAND |
|
Property Type |
Small Holding |
Extent / Size |
2.5890H |
|
Purchase Date |
2002/08/02 |
Purchase price |
|
|
% Ownership |
0.00 |
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
|
|
Comment |
|
||
Property Interests for
STEPHEN DU TOIT
|
Title Deed No. |
T91062/2007 |
Erf/Site No. |
|
|
Deeds Office |
CAPE TOWN |
Physical Address |
SEA VISTA ST FRANCIS BAY |
|
Property Type |
Freehold |
Extent / Size |
1039.0SQM |
|
Purchase Date |
2007/07/05 |
Purchase price |
|
|
% Ownership |
0.00 |
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
|
|
Comment |
|
||
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.34 |
|
|
1 |
Rs.102.06 |
|
Euro |
1 |
Rs.84.46 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIS |
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.