|
Report Date : |
03.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
SIKA SOUTH AFRICA (PTY) LTD |
|
|
|
|
Formerly Known As : |
RFK
INDUSTRIES |
|
|
|
|
Registered Office : |
Nine
Hocking Place, Westmead, Pinetown, P O Box 15408, Westmead, 3608 |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
31.08.1988 |
|
|
|
|
Com. Reg. No.: |
M1988/004964/07 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Subject
is engaged in the Civil construction and marine automotive transportation. |
|
|
|
|
No. of Employees : |
179 |
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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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 |
SIKA
SOUTH AFRICA (PTY)LTD |
|
Country |
South
Africa |
|
Subject
Contact Person |
IAN - Financial
Manager |
|
Assessment |
This is
a well-established and well -connected business. On investigation contact was
made with IAN, the financial manger of the business who assisted with most of
the information. The subject is meeting commitments timeously with suppliers.
We are awaiting a bank code. Please see the information obtained below. |
|
Registered
Name |
SIKA
SOUTH AFRICA (PTY)LTD |
|
Trading
as/ Division Name |
SIKA |
|
Previous
Name |
RFK
INDUSTRIES |
|
Date of
Name Change |
Unavailable |
|
Registration
Number |
M1988/004964/07 |
|
Registration
Date |
1988/08/31 |
|
Date
Commenced Trading |
1988-08-31 |
|
Age of
Business |
25 Years
5 Months |
|
History
of Business |
The
subject commenced trading as a new company in 1988. |
|
History
of Principals |
There
are 3 active directors within the company. |
|
Shareholders/Members/Partners
of subject and % holding |
100 % -
CKAG SWITZERLAND |
|
Authorised
Share Capital |
R 0.00 |
|
Issued
Share Capital/Members Contribution |
R 0.00 |
|
Status |
In
Business |
|
Operations
Assessment |
Civil
construction and marine automotive transportation. |
|
Industry/
Customers |
Provide services
to specialized industries such as the construction and automotive industry. |
|
Export |
Unknown |
|
Import |
Unknown |
|
Major
Industry Code / SICC |
50220 |
|
Definition
of Code |
CONSTRUCTION
OF CIVIL ENGINEERING STRUCTURES |
|
Head Office
Physical Address |
NINE
HOCKING PLACE, WESTMEAD, PINETOWN, 3608 |
|
Head
Office Postal Address |
P O BOX
15408, WESTMEAD, 3608 |
|
Current
Tel Number |
0317926500 |
|
Cell
Number |
0824909101 |
|
Current
Fax Number |
0317001760 |
|
Current
Email Address |
|
|
Web Site
Address |
|
|
Comments |
|
|
Company
Registered Name |
ERNST AND
YOUNG (PTY)LTD |
|
Trading
Name |
EY |
|
Registration
Number |
1998/014077/07 |
|
Physical
Address |
52
CORLETT DRIVE, WANDERERS OFFICE PARK, ILLOVO, 2196 |
|
Postal
Address |
P O BOX
2322, JOHANNESBURG, 2000 |
|
Contact
Person |
MERISHA |
|
Contact
Number |
0115768000 |
|
Email |
Unavailable |
|
Principals |
69 |
|
Judgements
Against Subject |
Unavailable |
|
Judgements
Against Principals |
Unavailable |
|
Subject
Verified as Client |
Yes |
|
Practice
Number |
908215E |
|
VAT
Number |
Unavailable |
|
Tax
Number |
9471356841 |
|
BEE
Status |
Unavailable |
|
Financial
Year End |
March |
|
No of
years in Business |
17 Years
5 Months |
|
Website |
Unavailable |
|
Comment |
|
Previous Auditors Information - No Information on Record
|
Vat
Number |
4500102613 |
|
Status |
ACTIVE |
|
Vat
Liable Date |
1991/09/30 |
|
Tax
Number |
9274193201 |
|
Tax
Clearance Expire Date |
2014/02/01 |
|
Financial
Year End |
December |
|
Comment |
|
|
Status |
Yes |
|
Score |
6.00 |
|
Expire
Date |
Oct 30
2014 |
|
BEE
Certificate Available |
Yes |
|
Comment |
|
|
Type of
ISO Grade |
Yes |
|
ISO
Certificate |
Yes |
|
ISO
Certificate Available |
No |
|
Certified
by an Accredited Agent |
Yes |
|
Comment |
|
|
Registered |
Yes |
|
Compliance
Certified |
Yes |
|
Comment |
|
Subsidiaries
|
Subsidiary
Company |
None |
|
Shareholding |
None |
|
Registration
Number |
None |
|
Import /
Export |
None |
|
Comment |
|
Employees
|
Number
of Employees |
179 |
|
1.
Salaried employees |
137 |
|
2. Waged
employees |
42 |
|
3.
Permanent employees |
137 |
|
4.
Casual employees |
None |
|
5.
Contracted employees |
42 |
|
Comment |
|
Company Fleet
|
Company
Fleet |
No of vehicles: |
Ownerd/Leased |
Value |
Outstanding
Balance |
|
Fleet
Operations |
|
|
|
|
|
The
Fleet is made up of |
33 |
|||
|
Comment |
There
are 33 total vehicles , 32 of them are leased and 1 of them are owned by the
business. |
|||
|
Cars |
33 |
Leased |
|
|
Offices
|
Offices |
Offices |
|
Head
Office Owned/ Rented |
Owned |
|
Rental
Company |
Unavailable |
|
Owned by |
SIKA
SOUTH AFRICA |
|
Value |
R
50000000.00 |
|
Bond |
|
|
Bank |
|
|
Lease
Agreement |
Unavailable |
|
Lease
Expire Date |
|
|
Type of
Premises |
Office
Block, Factory , Warehouse |
|
Comment |
|
Branch Information
|
Branches
Names |
Country |
Province |
|
SIKA
SOUTH AFRICA |
South
Africa |
Gauteng |
Branch Detail Information
|
Branches
Owned/ Rented |
Owned |
|
Rental
Company |
Unavailable |
|
Owned by |
SIKA
SOUTH AFRICA |
|
Lease
Agreement |
Unavailable |
|
Type of
Premises |
Factory
, warehouse |
|
Comment |
|
Organisation Chart
|
Level |
Position |
Name |
Comment |
|
|
|||
|
1 |
Director |
JEAN
MARIE PAULDE MARTRES |
|
|
|
|||
|
1 |
Director |
HUBERT
GUY PERRIN DE BRICHAMBAUT |
|
|
|
|
|
|
|
1 |
Director |
PAUL
CHRISTOPHER ADAMS |
|
Company Structure (Ownership)
Note: One
level up and all levels down
|
Holding |
Company |
Sub |
Comment |
|
100 % -
CKAG SWITZERLAND |
SIKA
SOUTH AFRICA (PTY) LTD |
|
|
|
Trade
Reference nr |
Supplier |
Contact |
Surety
Value |
Notarial
Bonds |
Comment |
|
1 |
SERVO
CHEM |
0315737800 |
|
|
Contact Person
: VENICE |
|
2 |
REVERTEX |
0314808100 |
|
|
Contact
Person : TRISHNA |
|
3 |
IDWALA |
0315793355 |
|
|
Contact
Person : JESSICA |
Trade References Detail
|
Nr |
Age of
Acc |
Terms |
Average
Purchases |
Terms
Taken |
Comment |
|
1 |
10 Years |
30 Days |
R100000 |
30 Days |
This is
an excellent account |
|
2 |
|
|
|
|
Declined
to provide a trade reference |
|
3 |
|
|
|
|
Declined
to provide a trade reference |
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 |
Briadene |
|
Brach
Code |
051001 |
|
Bank
Account Number |
250744031 |
|
Type of
Account |
Current
Cheque Account |
|
Account
Name |
SIKA
SOUTH AFRICA |
|
Overdraft
Facilities |
None |
|
Bank
Code |
Awaiting
Bank Code |
|
Bank
Comment |
|
Bank Code History - No Information on Record
Previous Bank Account Information - No Information on Record
Property Interests for Company SIKA SOUTH AFRICA (PTY) LTD
|
Title
Deed No. |
T42406/2012 |
Erf/Site
No. |
|
|
Deeds
Office |
JOHANNESBURG |
Physical
Address |
4 SKIETLOOD
ISANDO KEMPTON PARK |
|
Property
Type |
Freehold |
Extent /
Size |
7736.0SQM |
|
Purchase
Date |
2012/02/27 |
Purchase
price |
|
|
%
Ownership |
0.00 |
Bond
Holder |
|
|
Bond
Number |
|
Bond
Amount |
|
|
Comment |
|
||
|
|
|||
|
Title
Deed No. |
T11159/1999 |
Erf/Site
No. |
0 |
|
Deeds
Office |
PIETERMARITZBURG |
Physical
Address |
9
HOCKING ALEXANDER PARK PINETOWN |
|
Property
Type |
Freehold |
Extent /
Size |
1.9511SQM |
|
Purchase
Date |
1998/12/23 |
Purchase
price |
|
|
%
Ownership |
0.00 |
Bond Holder |
|
|
Bond
Number |
|
Bond
Amount |
|
|
Comment |
|
||
|
Title
Deed No. |
T11159/1999 |
Erf/Site
No. |
0 |
|
Deeds
Office |
PIETERMARITZBURG |
Physical
Address |
9
HOCKING ALEXANDER PARK PINETOWN |
|
Property
Type |
Freehold |
Extent /
Size |
1.9511SQM |
|
Purchase
Date |
1998/12/23 |
Purchase
price |
|
|
%
Ownership |
0.00 |
Bond
Holder |
|
|
Bond
Number |
|
Bond
Amount |
|
|
Comment |
|
||
|
|
|||
|
Title
Deed No. |
T11159/1999 |
Erf/Site
No. |
0 |
|
Deeds
Office |
PIETERMARITZBURG |
Physical
Address |
30
ALEXANDER ALEXANDER PARK PINETOWN |
|
Property
Type |
Freehold |
Extent /
Size |
9166.0SQM |
|
Purchase
Date |
1998/12/23 |
Purchase
price |
|
|
%
Ownership |
0.00 |
Bond
Holder |
|
|
Bond
Number |
|
Bond
Amount |
|
|
Comment |
|
||
|
|
|||
|
Title
Deed No. |
T11159/1999 |
Erf/Site
No. |
0 |
|
Deeds
Office |
PIETERMARITZBURG |
Physical
Address |
30
ALEXANDER ALEXANDER PARK PINETOWN |
|
Property
Type |
Freehold |
Extent /
Size |
9166.0SQM |
|
Purchase
Date |
1998/12/23 |
Purchase
price |
|
|
%
Ownership |
0.00 |
Bond
Holder |
|
|
Bond
Number |
|
Bond
Amount |
|
|
Comment |
|
||
Financial Estimates
|
CURRENT
ASSETS |
|
|
Stock |
R
60000000.00 |
|
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 |
5 |
|
Average
Age of Active Principals |
51 |
Active Principals
Principal - 1 of 5
JEAN MARIE DE MARTRES
|
Surname |
DE
MARTRES |
|
First
Name |
JEAN
MARIE |
|
Other
Names |
PAUL |
|
Marital
Status |
|
|
ID
Number |
6605160000000 |
|
Verified
ID Number |
No |
|
Current
Age |
47 Years
8 Months |
|
Designation |
Director |
|
Status |
Active |
|
Appointment
Date |
2013/01/01 |
|
Physical
Address (at time of Appointment) |
13 RUE
MAGENTA, 78000, VERSAILLES, FRANCE, 0000 |
|
Postal
Address |
84 RUE
EDOUARD VAILLANT, BP 104 93351, LA BOURGET CEDEX, FRANCE, 0000 |
|
Current
Tel Number |
Unavailable |
|
Cell
number |
Unavailable |
|
Shareholding/Membership |
0.00 |
Principal's Adverse - No information on record
Business Information for JEAN MARIE DE MARTRES
Principal Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
SIKA
SOUTH AFRICA (PTY)LTD |
M1988/004964/07 |
In
Business |
26 Years
2 Months |
0 |
No |
|
Principal - 2 of 5
HUBERT PERRIN DE BRICHAMBAUT
|
Surname |
PERRIN
DE BRICHAMBAUT |
|
First
Name |
HUBERT |
|
Other
Names |
GUY |
|
Marital
Status |
|
|
ID
Number |
5702040000000 |
|
Verified
ID Number |
No |
|
Current
Age |
56 Years
11 Months |
|
Designation |
Director |
|
Status |
Active |
|
Appointment
Date |
2013/01/01 |
|
Physical
Address (at time of Appointment) |
2 SQUARE
LA BRUYERE, 75009, PARIS, FRANCE, 0000 |
|
Postal
Address |
84 RUE EDOUARD
VAILLANT, BP 104-93351, LA BOURGET CEDEX, FRANCE, 0000 |
|
Current
Tel Number |
Unavailable |
|
Cell
number |
Unavailable |
|
Shareholding/Membership |
0.00 |
Principal's Adverse - No information on record
Business Information for HUBERT PERRIN DE BRICHAMBAUT
Principal Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
SIKA
SOUTH AFRICA (PTY)LTD |
M1988/004964/07 |
In Business |
26 Years
2 Months |
0 |
No |
|
Principal Previous Business Interests
Average
Age of Previous Business 21
Years
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
JOHANNESBURG
WATER MANAGEMENT (PTY)LTD |
M2000/012891/07 |
Deregistration
Final |
14 Years
2 Months |
0 |
No |
|
|
WASTEMAN
GROUP (PTY)LTD |
M1994/005252/07 |
Deregistration
Final |
20 Years
8 Months |
0 |
No |
|
|
WATER
AND SANITATION SERVICES SOUTH AFRICA (PTY)LTD |
M1983/000881/07 |
In
Business |
31 Years
7 Months |
0 |
No |
|
Principal - 3 of 5
PAUL ADAMS
|
Surname |
ADAMS |
|
First
Name |
PAUL |
|
Other
Names |
CHRISTOPHER |
|
Marital
Status |
|
|
ID
Number |
6502175142081 |
|
Verified
ID Number |
Yes |
|
Current
Age |
48 Years
11 Months |
|
Designation |
Managing
Director |
|
Status |
Active |
|
Appointment
Date |
2010/03/01 |
|
Physical
Address (at time of Appointment) |
25 KLOOF
FALLS ROAD, KLOOF, 3610 |
|
Postal
Address |
P O BOX
15408, WESTMEAD, 3608 |
|
Current Tel
Number |
0219336361 |
|
Cell
number |
0832746386 |
|
Shareholding/Membership |
0.00 |
Principal's Adverse - No information on record
Business Information for PAUL ADAMS
Principal Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
SIKA
SOUTH AFRICA (PTY)LTD |
M1988/004964/07 |
In
Business |
26 Years
2 Months |
0 |
No |
|
Principal Deeds Information
Property Interests for PAUL ADAMS
|
Title
Deed No. |
T1835/2004 |
Erf/Site
No. |
|
|
Deeds
Office |
PIETERMARITZBURG |
Physical
Address |
23 KLOOF
FALLS KLOOF KLOOF |
|
Property
Type |
Freehold |
Extent /
Size |
4132.0SQM |
|
Purchase
Date |
2003/10/11 |
Purchase
price |
|
|
%
Ownership |
0.00 |
Bond
Holder |
STANDARD
BANK OF SOUTH AFRICA L |
|
Bond
Number |
B15382004 |
Bond
Amount |
|
|
Comment |
|
||
Principal - 4 of 5
JUAN IZQUIERDO
|
Surname |
IZQUIERDO |
|
First
Name |
JUAN |
|
Other
Names |
DE DIOS |
|
Marital
Status |
|
|
ID
Number |
580502 |
|
Verified
ID Number |
No |
|
Current
Age |
57 Years
11 Months |
|
Designation |
Director |
|
Status |
Resigned |
|
Appointment
Date |
2006/10/16 |
|
Physical
Address (at time of Appointment) |
C/
ROSALIA DE GASTRO 75, 28035, MADRID, 0000 |
|
Postal
Address |
P.O. BOX
202, 28108, ALCOBENDAS, MADRID, 0000 |
|
Current
Tel Number |
|
|
Cell
number |
|
|
Shareholding/Membership |
0.00 |
Principal's Adverse - No information on record
Business Information for JUAN IZQUIERDO
Principal Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
SIKA
SOUTH AFRICA (PTY)LTD |
M1988/004964/07 |
In
Business |
26 Years
2 Months |
0 |
No |
|
Principal - 5 of 5
GERHARDUS SMIT
|
Surname |
SMIT |
|
First
Name |
GERHARDUS |
|
Other
Names |
|
|
Marital
Status |
|
|
ID
Number |
7005015069083 |
|
Verified
ID Number |
Yes |
|
Current
Age |
43 Years 8 Months |
|
Designation |
Director |
|
Status |
Resigned |
|
Appointment
Date |
2002/03/25 |
|
Physical
Address (at time of Appointment) |
45 EDWARD DRIVE, GILLITS, 3610 |
|
Postal
Address |
P.O.BOX 15498, WETSMEAD, 3608 |
|
Current
Tel Number |
0317926502 |
|
Cell
number |
0824449198 |
|
Shareholding/Membership |
0.00 |
Principal's Adverse - No information on record
Business Information for GERHARDUS SMIT
Principal Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
SIKA SOUTH
AFRICA (PTY)LTD |
M1988/004964/07 |
In
Business |
26 Years
2 Months |
0 |
No |
|
Principal Deeds Information
Property Interests for GERHARDUS SMIT
|
Title
Deed No. |
T19898/2001 |
Erf/Site
No. |
|
|
Deeds
Office |
PIETERMARITZBURG |
Physical
Address |
45
EDWARD CHELMSFORDVILLE GILLITTS |
|
Property
Type |
Freehold |
Extent /
Size |
1881.0SQM |
|
Purchase
Date |
2001/02/21 |
Purchase
price |
|
|
%
Ownership |
0.00 |
Bond
Holder |
INVESTEC
BANK LTD |
|
Bond
Number |
B121412001 |
Bond
Amount |
|
|
Comment |
|
||
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.48 |
|
|
1 |
Rs.102.95 |
|
Euro |
1 |
Rs.84.60 |
INFORMATION DETAILS
|
Report Prepared
by : |
NNA |
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.