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Report Date : |
07.08.2014 |
IDENTIFICATION DETAILS
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Name : |
AMCHEM (PTY)LTD |
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Registered Office : |
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Country : |
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Date of Incorporation : |
31.08.2005 |
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Com. Reg. No.: |
M2005/031394/07 |
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Legal Form : |
Private Company |
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Line of Business : |
Retail trade in pharmaceutical and medical goods, cosmetic and toilet
articles |
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No. of Employees |
10 |
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 |
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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 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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 and a stock exchange that is the 16th largest in
the world. Even though the country's modern infrastructure supports a
relatively efficient distribution of goods to major urban centers throughout
the region, unstable electricity supplies retard growth. The global financial
crisis reduced commodity prices and world demand. GDP fell nearly 2% in 2009
but has recovered since then, albeit slowly with 2014 growth projected at about
2%. Unemployment, poverty, and inequality - among the highest in the world -
remain a challenge. Official unemployment is at nearly 25% of the work force,
and runs significantly higher among black youth. Eskom, the state-run power
company, has built two new power stations and installed new power demand
management programs to improve power grid reliability. Construction delays at
two additional plants, however, mean South Africa is operating on a razor thin
margin; economists judge that growth cannot exceed 3% until those plants come
on line. 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 |
AMCHEM (PTY)LTD |
|
Country |
South Africa |
|
Subject Contact Person |
BRONWYN SIEBRITS - HEAD OF ACCOUNTS |
|
Assessment |
This is an established business. On
investigation contact was made with BRONWYN SIEBRITS the company's head of accounts.
The subject is meeting commitments timeously with suppliers. we are awailting
2 further trade references. No further suppliers were made available to
obtain additional trade references. We obtained a bank code C for R1000000
over a period of 30 Days. Please see the available information on the subject
below. |
|
Registered Name |
AMCHEM (PTY)LTD |
|
Trading as/ Division Name |
None |
|
Previous Name |
None |
|
Date of Name Change |
Jan 12 2006 12:00AM |
|
Registration Number |
M2005/031394/07 |
|
Registration Date |
2005/08/31 |
|
Date Commenced Trading |
2005-08-31 |
|
Age of Business |
9 Years |
|
History of Business |
The subject commenced trading as a new
business in 2005 |
|
History of Principals |
The is 1 active principal within the
business. |
|
Shareholders/Members/Partners of subject
and % holding |
100% - ROUNCIVELL MARK |
|
Status |
In Business |
|
Operations Assessment |
The subject main operation is to buy and
sell for cosmetics |
|
Major Industry Code / SICC |
62310 |
|
Definition of Code |
Retail trade in pharmaceutical and medical
goods, cosmetic and toilet articles |
|
Head Office Physical Address |
1 CLOVER STREET, STAND 2744 SOUTHDONNES
ESTATES, CENTURION, 0169 |
|
Head Office Postal Address |
P O BOX 66349, HIGHVELD, 0169 |
|
Current Tel Number |
0126867083 |
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Cell Number |
Unavailable |
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Current Fax Number |
Unavailable |
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Current Email Address |
|
|
Web Site Address |
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Company Registered Name |
DNL ASSOCIATES INC |
|
Trading Name |
NONE |
|
Registration Number |
K2013/186618/21 |
|
Physical Address |
280 BROOKS STREET, BROOKLYN, 0181 |
|
Postal Address |
P O BOX 2523, BROOKLYN SQUARE, 0075 |
|
Contact Person |
JOHANNES HENDRIK COETZER |
|
Contact Number |
0123640180 |
|
Email |
|
|
Principals |
2 |
|
Subject Verified as Client |
Yes |
|
Practice Number |
902003 |
|
Financial Year End |
February |
|
No of years in Business |
6 Years 5 Months |
|
Website |
Previous Auditors Information - No
Information on Record
|
Vat Number |
4450225851 |
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Status |
ACTIVE |
|
Vat Liable Date |
2006/02/01 |
|
Tax Number |
9696893149 |
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Tax Clearance Expire Date |
|
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Financial Year End |
February |
|
Comment |
|
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Black Economic Empowerment |
|
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Status |
Yes |
|
Score |
8.00 |
|
Expire Date |
Oct 28 2014 |
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BEE Certificate Available |
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Comment |
|
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ISO Information - No Information on Record |
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Workman's compensation |
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Registered |
Yes |
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Compliance Certified |
Yes |
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Comment |
|
Subsidiaries Information - No Information on
Record
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Number of Employees |
10 |
|||
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1. Salaried employees |
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2. Waged employees |
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3. Permanent employees |
10 |
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4. Casual employees |
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5. Contracted employees |
10 |
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Comment |
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Company Fleet |
||||
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Company Fleet |
No of vehicles: |
Ownerd/Leased |
Value |
Outstanding Balance |
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Fleet Operations |
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The Fleet is made up of |
4 |
|||
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Comment |
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Cars |
3 |
Owned |
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Light delivery Vehicles |
1 |
Leased |
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Offices |
Offices |
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Head Office Owned/ Rented |
Owned |
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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 |
Warehouse with Office Blocks |
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Comment |
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Branch Information |
||
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Branches Names |
Country |
Province |
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Branch Detail Information |
||
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Branches 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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Comment |
The subject does not have any other branches,
only warehouses in Durban, Capetown and Johannesburg |
|
Organisation Chart
|
Level |
Position |
Name |
Comment |
1 DIRECTOR MARK ROUNCIVELL
1 HEAD
OF ACCOUNTS BRONWYN SIEBRITS
Company Structure
(Ownership)
|
Holding |
Company |
Sub |
Comment |
|
100% -
ROUNCIVELL MARK |
AMCHEM (PTY) LTD |
NONE |
|
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 |
AKHULU MOTION |
0119221600 |
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|
|
|
2 |
SASOL WAX |
0169604693 |
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|
Awaiting trade reference |
|
3 |
ENGEN CHEMICALS |
0114803016 |
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Awaiting trade reference |
|
4 |
BITSOOD SOLUTIONS |
0112019200 |
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|
The supplier declined to assist with a
trade refence |
Trade References Detail
|
Nr |
Age of Acc |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
|
1 |
5 Years |
R1000000 |
30 Days |
R 500000 |
30 Day |
Average account |
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2 |
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3 |
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4 |
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Judgements - No information on record
BusinessRescue - No Information on Record
Default Listing - No information on record
Notarial Bonds - No information on record
|
Bank |
STANDARD BANK |
|
Branch |
CENTURION |
|
Brach Code |
051001 |
|
Bank Account Number |
411405381 |
|
Type of Account |
CURRENT |
|
Account Name |
AMCHEM (PTY) LTD |
|
Overdraft Facilities |
YES |
|
Bank Code |
C FOR R1000000 |
|
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
|
CURRENT ASSETS |
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|
Stock |
|
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Debtors |
|
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FIXED ASSETS |
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|
Plant, Equipment, Vehicles |
|
|
Property |
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CURRENT LIABILITIES |
|
|
Creditors |
|
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Loans/ From? |
|
|
Loan Details |
|
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LONG TERM LIABILITIES |
|
|
Morgage Bonds |
|
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Previous Year Turnover |
R 50000000.00 |
|
Estimated Current Year Turnover |
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Current Turnover per month |
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Current Turnover per annum |
R 52000000.00 |
|
Comment |
|
|
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 |
|
Number of Principals |
1 |
|
Average Age of Active Principals |
43 |
|
Active Principals Principal - 1 of 1 MARK
ROUNCIVELL |
|
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Surname |
ROUNCIVELL |
|
First Name |
MARK |
|
Other Names |
|
|
Marital Status |
|
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ID Number |
7105045321080 |
|
Verified ID Number |
No |
|
Current Age |
43 Years 3 Months |
|
Designation |
BUSINESSMAN |
|
Status |
Active |
|
Appointment Date |
2007/01/10 |
|
Physical Address (at time of Appointment) |
27A WALDORF DRIVE, CENTURION GOLF ESTATE,
CENTURION, 0157 |
|
Postal Address |
P O BOX 7118, PRETORIA, 0001 |
|
Current Tel Number |
0126867083 |
|
Cell number |
|
|
Shareholding/Membership |
0.00 |
Principal's Adverse - No information on
record
Business Information for MARK ROUNCIVELL
Principal Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
AMCHEM (PTY)LTD |
M2005/031394/07 |
In Business |
9 Years 9 Months |
0 |
No |
|
|
AMCHEM EXPORT (PTY)LTD |
M2009/023893/07 |
In Business |
5 Years 5 Months |
0 |
No |
|
|
LEOCHEM MARKETING (PTY)LTD |
M1983/009881/07 |
Deregistration Final |
31 Years 7 Months |
0 |
No |
|
|
VIKO TRADING 101 CC |
2006/035719/23 |
Deregistration Final |
8 Years 8 Months |
0 |
No |
|
Principal's Previous Business Interests - No
information on record
Principal's Deeds Information - No
information on record
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.34 |
|
UK Pound |
1 |
Rs.103.44 |
|
Euro |
1 |
Rs.81.96 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUM |
|
|
|
|
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.