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Report Date : |
12.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
ACTIVE CHEMICALS AND
SOLUTIONS (PTY)LTD |
|
|
|
|
Formerly Known As : |
ACTIVE CHEMICALS(PTY)LTD |
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|
|
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Registered Office : |
Shop 18 Covenant Life
centre, 25 Webb Street, NORTHMEAD, BENONI |
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Country : |
South Africa |
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Date of Incorporation : |
20.12.1989 |
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Com. Reg. No.: |
M1989/007549/07 |
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Legal Form : |
Private Company |
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|
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Line of Business : |
Manufacture of basic
chemicals, except fertilizers and nitrogen compounds |
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|
|
|
No. of Employees : |
7 |
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 |
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|
|
Payment Behaviour : |
No Complaints |
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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 (31.03.2012) |
Current Rating (30.06.2012) |
|
South Africa |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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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 |
ACTIVE
CHEMICALS AND SOLUTIONS (PTY)LTD |
|
Country |
South
Africa |
|
Subject
Contact Person |
TAMRYN -
ACCOUNTS CLERK |
|
Assessment |
This is
an established business. On Investigation we made contact with the Accounts
Clerk TAMRYN who assisted us with most of the information required. TAMRYN
however declined to assist with any financial information, due it being
confidential. The subject is meeting commitments timeously with suppliers. We
obtained a bank code C for R 600 000 over a period of 30 Days. Please see the
available information on the subject below. |
|
Registered
Name |
ACTIVE CHEMICALS
AND SOLUTIONS (PTY)LTD |
|
Trading
as/ Division Name |
ACTIVE
CHEMICALS AND SOLUTIONS |
|
Previous
Name |
ACTIVE
CHEMICALS(PTY)LTD |
|
Date of
Name Change |
2013/09/08 |
|
Registration
Number |
M1989/007549/07 |
|
Registration
Date |
1989/12/20 |
|
Date
Commenced Trading |
1989-12-20 |
|
Age of
Business |
23 Years
1 Months |
|
History
of Business |
The
subject was established as a new business in 1989 and underwent a name change
in 2009. |
|
History
of Principals |
There is
1 active director within the business |
|
Shareholders/Members/Partners
of subject and % holding |
100%-WILLIAM GRIMSLEY |
|
Authorised
Share Capital |
R0.00 |
|
Issued
Share Capital/Members Contribution |
R0.00 |
|
Status |
In
Business |
|
Operations
Assessment |
Supplies
specialty process chemicals and technical services to African industry. The
major products are: Activated Carbons, Flotation reagents, Filter Repacks,
Polyacrylamide, Flocculant powders, Sodium cyanide, Water treatment
chemicals, Liquid Flocculants, Steel grinding balls, Filter aids and
De-colour chemicals. |
|
Industry/
Customers |
Mines
and water treatment authorities |
|
Export |
Yes |
|
Major
Industry Code / SICC |
33410 |
|
Definition
of Code |
Manufacture
of basic chemicals, except fertilizers and nitrogen compounds |
|
Head
Office Physical Address |
Shop 18
Covenant Life centre, 25 Webb Street, NORTHMEAD, BENONI |
|
Head
Office Postal Address |
P 0 BOX
15069, NORTHMEAD, 1518 |
|
Current
Tel Number |
0118499022 |
|
Current
Fax Number |
0866893926 |
|
Current
Email Address |
|
|
Web Site
Address |
www.
activechemicals. co. za |
|
Comments |
|
|
Company
Registered Name |
L G
EDWARDS AND COMPANY |
|
Trading
Name |
L G
EDWARDS AND COMPANY |
|
Registration
Number |
5312300027081 |
|
Physical
Address |
2
Fairbairn Street, Cnr O'Reilly Merry Street, RYNFIELD, BENONI, 1501 |
|
Postal
Address |
PO Box
13024, NORTHMEAD, 1511 |
|
Contact
Person |
ANITA |
|
Contact
Number |
0114256021 |
|
Email |
|
|
Principals |
1 |
|
Subject
Verified as Client |
Yes |
|
Practice
Number |
926094E |
|
VAT
Number |
4960148072 |
|
Financial
Year End |
FEBRUARY |
|
No of
years in Business |
15 |
|
Website |
www.
Igedwards. co. za |
Previous
Auditors
|
Company Name |
Phone Number |
Time with previous auditors |
Comment |
|
PRICE WATERHOUSECOOPERS
INC |
|
15 |
|
|
Vat
Number |
4410107512 |
|
Status |
ACTIVE |
|
Vat
Liable Date |
1991/09/30 |
|
Tax
Number |
9000397845 |
|
Tax
Clearance Expire Date |
|
|
Financial
Year End |
March |
|
Comment |
|
|
Black Economic
Empowerment |
|
|
Status |
Yes |
|
Score |
3.00 |
|
Expire
Date |
Aug 28
2013 |
|
BEE
Certificate Available |
Yes |
|
Comment |
|
|
|
|
|
ISO
Information - No Information on Record |
|
|
Workman's
compensation |
|
|
Registered |
Yes |
|
Compliance
Certified |
Yes |
|
Comment |
|
Subsidiaries
Information - No Information on Record
|
Employees |
|
|
Number
of Employees |
7 |
|
1.
Salaried employees |
7 |
|
2. Waged
employees |
|
|
3.
Permanent employees |
7 |
|
4. Casual
employees |
|
|
5.
Contracted employees |
|
|
Comment |
|
Company
Fleet Information - No Information on Record
Offices
|
Offices |
Offices |
|
Head
Office Owned/ Rented |
Leased |
|
Rental
Company |
COVENANT
LIFE CHURCH |
|
Lease
Agreement |
12
Months |
|
Type of
Premises |
Offices |
Branch
Information - No Information on Record
Organisation Chart
|
Level |
Position |
Name |
Comment |
|
|
|||
|
1 |
Director |
WILLIAM
GRIMSLEY |
|
Company
Structure (Ownership)
Note: One level up and all levels down
|
Holding |
Company |
Sub |
Comment |
|
100% |
WILLIAM
GRIMSLEY |
|
|
Key Deals
- No Information on Record
|
Trade Reference nr |
Supplier |
Contact |
Surety Value |
Notarial Bonds |
Comment |
|
1 |
READY
CARGO |
0118732117 |
|
|
|
|
2 |
MCDONALD
TRANSPORT |
0543388700 |
|
|
|
|
3 |
LACARWO
WAREHOUSING AND LOGISTICS |
0215345561 |
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|
|
Trade
References Detail
|
Nr |
Age of
Acc |
Terms |
Average
Purchases |
Terms
Taken |
Comment |
|
1 |
8 Years |
30 Days |
R 40000 |
30 Days |
Very
Good Account, the subject has no credit limit. |
|
2 |
20 Years |
30 Days |
R100000 |
30 Days |
Very
Good Account |
|
3 |
2011 |
30 Days |
R 20000 |
30 Days |
Very
Good Account |
Adverse Information
on Subject
Judgements – No Information on Record
BusinessRescus – No Information on Record
Default Listing
- – No Information on Record
Notarial
Bonds – No Information on Record
|
Bank |
NEDBANK |
|
Branch |
BUSINESS
BRANCH NORTH RAND |
|
Brach
Code |
198765 |
|
Bank
Account Number |
1469106663 |
|
Type of
Account |
Current |
|
Account
Name |
ACTIVE
CHEMICALS AND SOLUTIONS |
|
Overdraft
Facilities |
Yes |
|
Bank
Code |
C FOR R
600 000 |
|
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
Deeds
Information - No information on record
|
Number
of Principals |
1 |
|
Average
Age of Active Principals |
63 |
|
Active
Principals Principal - 1of 1 WILLIAM D GRIMSLEY |
|
|
Surname |
GRIMSLEY |
|
First
Name |
WILLIAM
D |
|
Other
Names |
None |
|
Marital
Status |
Married |
|
ID
Number |
5012135052082 |
|
Verified
ID Number |
Yes |
|
Current
Age |
63 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment
Date |
|
|
Physical
Address (at time of Appointment) |
25 KOPER
STREET, FARRARMERE, BENONI, 1501 |
|
Postal
Address |
P 0 BOX
15069, FARRARMERE, 1518 |
|
Current
Tel Number |
0118491712 |
|
Cell
number |
0836548003 |
|
Shareholding/Membership |
100% |
Principal's
Adverse - No information on record
Business
Information forWILLIAM D GRIMSLEY Principal Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
ACTIVE
CHEMICALS AND SOLUTIONS (PTY) LTD |
M1989/007549/07 |
In
Business |
0 |
0 |
No |
|
|
ACTIVE
CHEMICALS (PTY) LTD |
M2009/008405/07 |
In
Business |
4 Years
4 Months |
0 |
No |
|
Principal's
Deeds Information - No information on record
Principal
Previous Business Interest
Average Age of Previous Business 19 Years
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
DNL
SECRETARIAL SERVICES (PTY)LTD |
M1993/000316/07 |
Deregistration
Final |
20 Years
8 Months |
0 |
No |
|
|
INTERNATIONAL
CHRISTIAN CHAMBER OF COMMERCE S A |
M1994/002615/08 |
In
Business |
19 Years
7 Months |
0 |
No |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.54 |
|
UK Pound |
1 |
Rs.88.05 |
|
Euro |
1 |
Rs.72.29 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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.