|
Report Date : |
14.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
PROTHERM SYSTEMS (PTY)LTD |
|
|
|
|
Registered Office : |
Unit 4 Vintech Park 4th Street, Wynberg, Johannesburg, 2090 |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
07.04.1968 |
|
|
|
|
Com. Reg. No.: |
M1968/007524/07 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Subject
specialises in all types of heat exchangers, industrial dryers, evaporators,
gas scrubbing and odour control plant. Subject also
designed systems such as bulk chemical storage and transport systems, batch
reaction systems and sulphur burning and absorption processes can be supplied |
|
|
|
|
No. of Employees : |
Not
Available |
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 : |
Unknown |
|
|
|
|
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. State power supplier 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 |
PROTHERM SYSTEMS (PTY)LTD |
|
Country |
South Africa |
|
Subject Contact Person |
Unavailable |
|
Assessment |
On investigation attempts to contact the subject proved unsuccessful as the company is closed for the festive period. Further investigations will commence in January 2014. Please see the available information on the subject below. |
|
Registered Name |
PROTHERM SYSTEMS (PTY)LTD |
|
Trading as/ Division Name |
PROTHERM SYSTEMS |
|
Previous Name |
Unavailable |
|
Date of Name Change |
1968-07-04 |
|
Registration Number |
M1968/007524/07 |
|
Registration Date |
1968/04/07 |
|
Date Commenced Trading |
1968-04-07 |
|
Age of Business |
45 Years 8 Months |
|
History of Business |
The subject commenced trading as a new company in 1968. |
|
History of Principals |
There are currently 3 active directors within the business and a trust involved in the business. |
|
Shareholders/Members/Partners of subject and % holding |
Unavailable |
|
Authorised Share Capital |
R0.00 |
|
Issued Share Capital/Members Contribution |
R0.00 |
|
Status |
In Business |
|
Operations Assessment |
Subject
specialises in all types of heat exchangers, industrial dryers, evaporators,
gas scrubbing and odour control plant. Subject also designed systems such as bulk chemical storage and transport systems, batch reaction systems and sulphur burning and absorption processes can be supplied |
|
Industry/ Customers |
Major suppliers to corporate businesses. |
|
Export |
Unknown |
|
Import |
Unknown |
|
Major Industry Code / SICC |
61430 |
|
Definition of Code |
WHOLESALE TRADE IN CONSTRUCTION MATERIAL,HARDWARE,PLUMBING AND HEATING EQUIPMENT |
|
Head Office Physical Address |
UNIT 4 VINTECH PARK 4TH STREET, WYNBERG,
JOHANNESBURG, 2090 |
|
Head Office Postal Address |
P O BOX 1109, BRAMLEY, 2019 |
|
Current Tel Number |
0117860652 |
|
Cell Number |
Unavailable |
|
Current Fax Number |
0117861301 |
|
Current Email Address |
|
|
Web Site Address |
|
Company Registered Name |
GZ&CO. |
|
Trading Name |
Unavailable |
|
Registration Number |
Unavailable |
|
Physical Address |
Unavailable |
|
Postal Address |
PO BOX 2019, PARKLANDS, 2121 |
|
Contact Person |
Unavailable |
|
Contact Number |
Unavailable |
|
Email |
Unavailable |
|
Judgements Against Subject |
Unavailable |
|
Judgements Against Principals |
Unavailable |
|
Subject Verified as Client |
No |
|
Practice Number |
932877E |
|
VAT Number |
Unavailable |
|
Tax Number |
Unavailable |
|
BEE Status |
Unavailable |
|
Financial Year End |
Unavailable |
|
No of years in Business |
Unavailable |
|
Website |
Unavailable |
Previous Auditors Information - No Information on Record
|
Vat Number |
4660110562 |
|
Status |
ACTIVE |
|
Vat Liable Date |
1991/09/30 |
|
Tax Number |
9487254840 |
|
Financial Year End |
February |
Black Economic Empowerment Information - No Information on Record
ISO Information - No Information on Record
Work Mans Information - No Information on Record
Subsidiaries Information - No Information on Record
Employees Information - No Information on Record
Company Fleet Information - No Information on Record
Offices Information - No Information on Record
Branch Information - No Information on Record
Organisational Chart - No Information on Record
Company Structure Information - No Information on Record
Note: One level up and all levels down
Key Deals - No Information on Record
Trade References Information - No Information on Record
Business Rescue - No Information on Record
Judgements - No information on record
Default Listing - No information on record
Notarial Bonds - No information on record
Bank Information - No Information on Record
Bank Code History - No Information on Record
Previous Bank Account Information - No Information on Record
Deeds Information - No information on record
|
Number of Principals |
4 |
|
Average Age of Active Principals |
55 |
Active Principals
Principal - 1of 4 MICHELLE KASIPERSADH
|
Surname |
KASIPERSADH |
|
First Name |
MICHELLE |
|
ID Number |
7704090028085 |
|
Verified ID Number |
Yes |
|
Current Age |
36 Years 8 Months |
|
Designation |
MANAGER |
|
Status |
Active |
|
Appointment Date |
2011/03/17 |
|
Physical Address (at time of Appointment) |
46 FORTRESS DUKE, ELANDS ROCK, ELANDS PARK ALBERTON, Gauteng, 2090 |
|
Postal Address |
P 0 BOX 1109, BRAMLEY, Gauteng, 2018 |
|
Current Tel Number |
0116351016 |
|
Cell number |
0825693962 |
|
Shareholding/Membership |
0.00 |
Principal's Adverse -
No information on record
Business Information
for MICHELLE KASIPERSADH
Principal Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
PROTHERM SYSTEMS (PTY)LTD |
M1968/007524/07 |
In Business |
45 Years 9 Months |
0 |
No |
|
Principal Previous Business Interests
Average Age of Previous Business 5 Years
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
AFRICA BOUND TRANSPORTERS CC |
B2008/153032/23 |
Deregistration Final |
5 Years 5 Months |
0 |
No |
|
|
DENFAM TRUCKING SOLUTIONS CC |
B2007/180021/23 |
Deregistration Final |
6 Years 6 Months |
0 |
No |
|
Principal Deeds Information
Property Interests for MICHELLE KASIPERSADH
|
Title Deed No. |
ST31197/2005 |
Erf/Site No. |
743,0 |
|
Deeds Office |
JOHANNESBURG |
Physical Address |
ELANDSPARK JOHANNESBURG SOUTH |
|
Property Type |
Sectional Title |
Extent / Size |
68.0SQM |
|
Purchase Date |
2004/11/30 |
Purchase price |
|
|
% Ownership |
0.00 |
Bond Holder |
SOUTH AFRICAN HOME LOANS GUARAN |
|
Bond Number |
SB410932005 |
Bond Amount |
|
Property Interests
for MICHELLE KASIPERSADH
|
Title Deed No. |
T97582/2012 |
Erf/Site No. |
|
|
Deeds Office |
PRETORIA |
Physical Address |
WITPOORT 406-JR MIDRAND |
|
Property Type |
Freehold |
Extent / Size |
435.0SQM |
|
Purchase Date |
2012/02/07 |
Purchase price |
|
|
% Ownership |
0.00 |
Bond Holder |
FIRSTRAND BANK LTD |
|
Bond Number |
B589352012 |
Bond Amount |
|
Principal - 2of 4
GRUZZET SECRETARIAL AND TRUST COMPANY (PTY) LTD
|
Surname |
GRUZZET SECRETARIAL AND TRUST COMPANY (PTY) LTD |
|
ID Number |
M1966010918 |
|
Verified ID Number |
No |
|
Current Age |
Unknown |
|
Status |
Active |
|
Appointment Date |
2005/07/31 |
|
Physical Address (at time of Appointment) |
2ND FLOOR, 3 STURDEE AVENUE, ROSEBANK, JOHANNESBURG, 2196 |
|
Postal Address |
P O BOX 2019, PARKLANDS, SOUTH AFRICA, Mpumalanga, 2121 |
|
Shareholding/Membership |
0.00 |
Principal's Adverse -
No information on record
Business Information
for GRUZZET SECRETARIAL AND TRUST COMPANY (PTY) LTD
Principal Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
5 WESSELS ROAD PROPERTIES (PTY) LTD |
M2005/016023/07 |
In Business |
8 Years 8 Months |
0 |
No |
|
|
BIG SIX DEVELOPERS (PTY) LTD |
M1995/005920/07 |
In Business |
18 Years 6 Months |
0 |
No |
|
|
CONTROL GEAR SYSTEMS (PTY)LTD |
M1998/011488/07 |
In Business |
15 Years 3 Months |
0 |
No |
|
|
MEANDER TRADE 23 (PTY)LTD |
M2005/018615/07 |
In Business |
8 Years 8 Months |
0 |
No |
|
|
PROTHERM SYSTEMS (PTY)LTD |
M1968/007524/07 |
In Business |
45 Years 9 Months |
0 |
No |
|
|
REGENCY TRAVEL (PTY) LTD |
M1980/004824/07 |
In Business |
33 Years 9 Months |
0 |
No |
|
|
SCIENCE EDUCATION PROJECT |
M1983/000362/08 |
Deregistration Process |
30 Years 6 Months |
0 |
No |
|
Principal Previous Business Interests
Average Age of Previous Business 20 Years
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|||
|
AMERICAN SHOWROOM PROPERTIES (PTY)LTD |
M1999/009587/07 |
In Business |
14 Years 2 Months |
0 |
No |
|
|||
|
AMGA AIR (PTY)LTD |
M2005/032719/07 |
Deregistration Final |
8 Years 8 Months |
0 |
No |
|
|||
|
BARTEAM (PTY)LTD |
M1999/014104/07 |
In Business |
14 Years 2 Months |
1 |
No |
|
|||
|
C PLAN TELEVISION AND RADIO (PTY)LTD |
M1972/006032/07 |
Deregistration Final |
41 Years 5 Months |
0 |
No |
|
|||
|
DC CHANNEL INVESTMENTS (PTY) LTD |
M2005/032592/07 |
In Business |
8 Years 8 Months |
0 |
No |
|
|||
|
ELGIN MANOR (PTY) LTD |
M1995/005600/07 |
Voluntary Liquidation |
18 Years 6 Months |
0 |
Yes |
|
|||
|
F I X WINES AND SPIRITS (PTY)LTD |
M2005/033812/07 |
Deregistration Final |
8 Years 8 Months |
0 |
No |
|
|||
|
FROGGY POND INVESTMENTS (PTY) LTD |
M2001/017462/07 |
In Business |
|
0 |
No |
|
|||
|
GODFREY PLACE (PTY) LTD |
M1957/001705/07 |
In Business |
56 Years 8 Months |
0 |
No |
|
|||
|
GOLDEN STAR INVESTMENT HOLDINGS (PTY)LTD |
M2005/024921/07 |
Deregistration Final |
8 Years 8 Months |
0 |
No |
|
|||
|
INDIZA CAPITAL (PTY) LTD |
M1999/000808/07 |
Deregistration Final |
14 Years 2 Months |
0 |
No |
|
|||
|
INDIZA INFRASTRUCTURE SOLUTIONS (PTY)LTD |
M2005/009545/07 |
Deregistration Final |
8 Years 8 Months |
2 |
No |
|
|||
|
JOHANNESBURG
BOLT AND NUT COMPANY (PTY) LTD |
M1964/005957/07 |
Deregistration Final |
49 Years 1 Months |
0 |
No |
|
|||
|
KINGS CHAMBERS (PTY) LTD |
M1961/900048/07 |
Deregistration Final |
52 Years 4 Months |
0 |
No |
|
|||
|
MADINGO INVESTMENTS (PTY) LTD |
M1979/004689/07 |
Deregistration Final |
34 Years 10 Months |
0 |
No |
|
|||
|
MARBLE GOLD 213 (PTY) LTD |
M2004/033181/07 |
In Business |
9 Years 9 Months |
0 |
No |
|
|||
|
MARUAPULA CAPITAL (PTY) LTD |
M1998/018394/07 |
Deregistration Final |
15 Years 3 Months |
0 |
No |
|
|||
|
READAM HOLDINGS (PTY) LTD |
M2000/017754/07 |
In Business |
13 Years 1 Months |
0 |
No |
|
|||
|
RIVERBEND TRADE AND INVEST 29 (PTY) LTD |
M2005/018342/07 |
Deregistration Final |
8 Years 8 Months |
0 |
No |
|
|||
|
SHERWOOD LODGE (PTY) LTD |
M1995/005583/07 |
Voluntary Liquidation |
18 Years 6 Months |
0 |
Yes |
|
|||
|
SIX SISTERS (PTY)LTD |
M1969/008856/07 |
Deregistration Final |
44 Years 8 Months |
0 |
No |
|
|||
|
SPECIALISED RISK SOLUTIONS (PTY)LTD |
M2005/029069/07 |
In Business |
8 Years 8 Months |
0 |
No |
|
|||
|
STONESOUP TRADING (PTY) LTD |
M1999/010803/07 |
In Business |
14 Years 2 Months |
0 |
No |
|
|||
|
WAG THE DOG PUBLISHERS (PTY)LTD |
M2002/015681/07 |
In Business |
11 Years 11 Months |
0 |
No |
|
|||
|
YOUNGMERE (PTY)LTD |
M1968/006803/07 |
Deregistration Final |
45 Years 9 Months |
0 |
No |
|
|||
Principal - 3of 4 JONATHAN PEIRSON
|
Surname |
PEIRSON |
|
First Name |
JONATHAN |
|
ID Number |
5111285060109 |
|
Verified ID Number |
Yes |
|
Current Age |
62 Years 1 Months |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
1987/09/21 |
|
Physical Address (at time of Appointment) |
23 FARADAY STREET, SUNNINGHILL, SANDTON, 2157 |
|
Postal Address |
P 0 BOX 1109, BRAMLEY, 2018 |
|
Current Tel Number |
|
|
Cell number |
0828555949 |
|
Shareholding/Membership |
0.00 |
Principal's Adverse -
No information on record
Business Information
for JONATHAN PEIRSON
Principal Current
Business Interests
|
Company Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
ARCTOGUARD INVESTMENTS (PTY) LTD |
M2010/006827/07 |
In Business |
3 Years 3 Months |
0 |
No |
|
|
PROTHERM EQUIPMENT (PTY) LTD |
M1970/002744/07 |
In Business |
43 Years 7 Months |
0 |
No |
|
|
PROTHERM SYSTEMS (PTY)LTD |
M1968/007524/07 |
In Business |
45 Years 9 Months |
0 |
No |
|
Principal Previous Business Interests
Average Age of Previous Business 0 Years
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
PROFILE MINING AND ENGINEERING SUPPLIES CC |
B1989/001403/23 |
Deregistration Final |
|
0 |
No |
|
Principal Deeds Information
Property Interests
forJONATHAN PEIRSON
|
Title Deed No. |
T123946/1996 |
Erf/Site No. |
0 |
|
Deeds Office |
PRETORIA |
Physical Address |
23 FARADAY SUNNINGHILL SANDTON |
|
Property Type |
Freehold |
Extent / Size |
1291SQM |
|
Purchase Date |
1996/09/26 |
Purchase price |
|
|
% Ownership |
0.00 |
Bond Holder |
STANDARD BANK |
|
Bond Number |
B1115471996 |
Bond Amount |
|
|
Comment |
|
||
Principal - 4of 4
LAWRENCE FIENBERG
|
Surname |
FIENBERG |
|
First Name |
LAWRENCE |
|
ID Number |
4507185055084 |
|
Verified ID Number |
Yes |
|
Current Age |
68 Years 5 Months |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
1985/08/15 |
|
Physical Address (at time of Appointment) |
9 MASITONTO AVE, GALLO MANOR, SANDTON, 2052 |
|
Postal Address |
P O BOX 1109, BRAMLEY, 2018 |
|
Current Tel Number |
0117860652 |
|
Cell number |
0823715687 |
|
Shareholding/Membership |
0.00 |
Principal's Adverse -
No information on record
Business Information
for LAWRENCE FIENBERG
Principal Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
ARCTOGUARD INVESTMENTS (PTY) LTD |
M2010/006827/07 |
In Business |
3 Years 3 Months |
0 |
No |
|
|
ELFIEN INVESTMENTS (PTY) LTD |
M2002/001740/07 |
In Business |
11 Years 11 Months |
0 |
No |
|
|
FIENBERG
INVESTMENTS AND FINANCE COMPANY (PTY) LTD |
M1971/014105/07 |
In Business |
42 Years 6 Months |
0 |
No |
|
|
PROTHERM SYSTEMS (PTY)LTD |
M1968/007524/07 |
In Business |
45 Years 9 Months |
0 |
No |
|
|
RIDGESIDE INVESTMENTS (PTY) LTD |
M2002/020533/07 |
In Business |
11 Years 11 Months |
0 |
No |
|
Principal Previous Business Interests
Average Age of Previous Business 5 Years
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
PROFILE MINING AND ENGINEERING SUPPLIES CC |
B1989/001403/23 |
Deregistration Final |
|
0 |
No |
|
|
PROTHERM
PROJECTS (PTY) LTD |
M2002/005259/07 |
Deregistration Final |
11 Years 11 Months |
0 |
No |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.52 |
|
UK Pound |
1 |
Rs.101.48 |
|
Euro |
1 |
Rs.84.11 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.