|
Report Date : |
17.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
L AND J CHEMWORKS (PTY) LTD |
|
|
|
|
Registered Office : |
C2 Richjoy Properties, |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
17.07.2012 |
|
|
|
|
Com. Reg. No.: |
2012/126571/07 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Subject is engaged in the
Import of food ingredients |
|
|
|
|
No. of Employees : |
2 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
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 |
L AND J
CHEMWORKS (PTY)LTD |
|
Country |
South
Africa |
|
Subject
Contact Person |
VISHNU -
Business Manager |
|
Assessment |
On
investigation contact was made with VISHNU, the business manager who assisted
with most of the information. The subject is meeting commitments timeously
with suppliers. The bank account number was declined due to this being
confidential. Please see the information obtained below. |
|
Registered
Name |
L AND J
CHEMWORKS (PTY)LTD |
|
Trading
as/ Division Name |
L AND J
CHEMWORKS |
|
Previous
Name |
None |
|
Date of
Name Change |
None |
|
Registration
Number |
2012/126571/07 |
|
Registration
Date |
2012/07/17 |
|
Date
Commenced Trading |
2012-07-17 |
|
Age of
Business |
1 Years
7 Months |
|
History
of Business |
The subject
commenced trading as a new company in 2012. |
|
History
of Principals |
There is
one active director of the business |
|
Shareholders/Members/Partners
of subject and % holding |
100 % -
JOACHIM JACOBUS OBERHOLSTER |
|
Status |
Active |
|
Operations
Assessment |
Import
of food ingredients |
|
Industry/
Customers |
The
subject supplies to local food manufactures |
|
Export |
None |
|
Import |
Yes |
|
Major
Industry Code / SICC |
30401 |
|
Definition
of Code |
MANUFACTURE
OF FOOD PREPARATION PRODUCTS |
|
Head
Office Physical Address |
C2
RICHJOY PROPERTIES, 124 EDWARD STREET, HENNOPSPARK INDUSTRIAL, CENTURION,
GAUTENG, 0157 |
|
Head
Office Postal Address |
POSTNET
SUITE 203, PRIVATE BAG X132, CENTURION, GAUTENG, 0046 |
|
Current
Tel Number |
0126535441
/ 2362 |
|
Cell
Number |
0834078733 |
|
Current
Fax Number |
0126532328 |
|
Current
Email Address |
|
|
Web Site
Address |
None |
|
Comments |
|
|
Company Registered
Name |
GRIESEL
NEL ASSOCIATES |
|
Trading
Name |
Unavailable |
|
Registration
Number |
Unavailable |
|
Physical
Address |
Unavailable |
|
Postal
Address |
Unavailable |
|
Contact
Person |
ELSA
KRIEL |
|
Contact
Number |
0126631261 |
|
Email |
|
|
Principals |
|
|
Judgements
Against Subject |
Unavailable |
|
Judgements
Against Principals |
Unavailable |
|
Subject
Verified as Client |
Yes |
|
Practice
Number |
Unavailable |
|
VAT
Number |
Unavailable |
|
Tax
Number |
Unavailable |
|
BEE
Status |
Unavailable |
|
Financial
Year End |
Unavailable |
|
No of
years in Business |
1 Year 7
Months |
|
Website |
Unavailable |
|
Comment |
|
Previous Auditors Information - No Information on Record
|
Vat
Number |
4070261914 |
|
Status |
ACTIVE |
|
Vat
Liable Date |
2014/02/28 |
|
Tax
Number |
9938228153 |
|
Tax
Clearance Expire Date |
2014/04/24 |
|
Financial
Year End |
February |
|
Comment |
|
|
Status |
Yes |
|
Score |
7.00 |
|
Expire
Date |
Oct 23
2014 |
|
BEE
Certificate Available |
No |
|
Comment |
The
subject could not provide the BEE certificate |
|
|
|
|
ISO Information - No Information on Record |
|
|
Registered |
No |
|
Compliance
Certified |
No |
|
Comment |
|
Subsidiaries Information - No Information on Record
|
Employees |
|
|
Number
of Employees |
2 |
|
1.
Salaried employees |
2 |
|
2. Waged
employees |
|
|
3.
Permanent employees |
2 |
|
4.
Casual employees |
|
|
5.
Contracted employees |
|
|
Comment |
|
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 |
Managing
Director |
JOACHIM
JACOBUS OBERHOLSTER |
|
Company Structure (Ownership)
Note: One
level up and all levels down
|
Holding |
Company |
Sub |
Comment |
|
100 % -
JOACHIM JACOBUS
OBERHOLSTER |
L AND J
CHEMWORKS (PTY) LTD |
|
|
Key Deals - No Information on Record
|
Trade Reference
nr |
Supplier |
Contact |
Surety
Value |
Notarial
Bonds |
Comment |
|
1 |
SPICE
LAND |
0116725513 |
|
|
|
|
2 |
MACCALLUM |
0112348470 |
|
|
|
|
3 |
A &
B FOOD INGREDIENTS |
0113142258 |
|
|
|
Trade References Detail
|
Nr |
Age of
Acc |
Credit
Limit |
Max
Credit |
Terms |
Average
Purchases |
Terms
Taken |
Comment |
|
1 |
1 Year |
|
|
30 Days |
R 50000 |
30 Days |
Excellent
account |
|
2 |
5 Months |
|
|
COD |
R10000 |
COD |
Very
Good Account |
|
3 |
9 Months |
R
25000.00 |
R 20000 |
30 Days |
R15000 |
30 Days |
Excellent
Account |
Judgements - No information on record
BusinessRescue - No Information on Record
Default Listing - No information on record
Notarial Bonds - No information on record
|
Bank |
ABSA |
|
Branch |
Centurion |
|
Brach
Code |
632005 |
|
Bank
Account Number |
Declined |
|
Type of
Account |
Cheque |
|
Account
Name |
L AND J
CHEMWORKS (PTY)LTD |
|
Overdraft
Facilities |
None |
|
Bank
Code |
Unavailable |
|
Bank Comment |
|
Bank Code History - No Information on Record
Previous Bank Account Information - No Information on Record
Deeds Information - No information on record
Financial Estimates
|
CURRENT
ASSETS |
|
|
Stock |
R 500000.00 |
|
Current
Turnover per month |
R1000000.00 |
|
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 |
56 |
Active Principals
Principal - 1 of 1
JAOCHIM OBERHOLSTER
|
Surname |
OBERHOLSTER |
|
First
Name |
JAOCHIM |
|
Other
Names |
Unavailable |
|
ID
Number |
5809045001087 |
|
Verified
ID Number |
Yes |
|
Current
Age |
55 Years
5 Months |
|
Designation |
Director |
|
Status |
Active |
|
Appointment
Date |
2012/07/17 |
|
Physical
Address (at time of Appointment) |
MULDER''S
MILE 40, ELDORAIGNE X3, CENTURION, GAUTENG, 0157 |
|
Postal
Address |
POSTNET
SUITE 203, PRIVATE BAG X132, CENTURION, GAUTENG, 0157 |
|
Current
Tel Number |
0126535441 |
|
Cell
number |
0731973137 |
|
Shareholding/Membership |
100 % |
Principal's Adverse - No information on record
Business Information for JAOCHIM OBERHOLSTER
Principal Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
K-CHEM
CC |
B2007/027044/23 |
In
Business |
7 Years
7 Months |
0 |
No |
|
|
L AND J CHEMWORKS (PTY)LTD |
K2012/126571/07 |
In
Business |
2 Years
2 Months |
0 |
No |
|
|
ROHA DYE
CHEM |
M1996/002179/10 |
In
Business |
18 Years
6 Months |
0 |
No |
|
|
ORE AND METAL
COMPANY LTD |
M1930/002363/06 |
In
Business |
83 Years
11 Months |
0 |
No |
|
|
VIKING COMMUNICATIONS
CC |
B1998/072535/23 |
In
Business |
15 Years
3 Months |
0 |
No |
|
Principal Previous Business Interests
Average
Age of Previous Business 14
Years
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
HENNOPS
FINE CHEMICALS CC |
B1998/046276/23 |
Deregistration
Final |
16 Years
4 Months |
0 |
No |
|
|
ROHA
(SA) (PTY)LTD |
M2000/025515/07 |
In Business |
14 Years
2 Months |
0 |
No |
|
|
COATIQUE
(PTY)LTD |
M1999/026316/07 |
Dissolved |
14 Years
2 Months |
0 |
No |
|
|
TENSHARE
CC |
B1998/017879/23 |
Deregistration
Final |
15 Years
3 Months |
0 |
No |
|
Principal Deeds Information
Property Interests for JAOCHIM OBERHOLSTER
|
Title
Deed No. |
ST168407/2005 |
Erf/Site
No. |
757,1 |
|
Deeds
Office |
PRETORIA |
Physical
Address |
311 THE
HILLSIDE LYNNWOOD PRETORIA |
|
Property
Type |
Sectional
Title |
Extent /
Size |
56.0SQM |
|
Purchase
Date |
2004/10/01 |
Purchase
price |
|
|
%
Ownership |
0.00 |
Bond
Holder |
|
|
Bond
Number |
|
Bond
Amount |
|
|
Comment |
|
||
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.28 |
|
|
1 |
Rs.103.67 |
|
Euro |
1 |
Rs.85.18 |
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.