|
Report Date : |
22.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
MERCURY PLASTICS (PTY) LTD |
|
|
|
|
Registered Office : |
153 Haring
Road, Wadeville, Extension 2, 1422 |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
23.11.1965 |
|
|
|
|
Com. Reg. No.: |
M1965/009802/07 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Manufacturer
of masterbatches and colour pigments within the South African market. |
|
|
|
|
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. 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 |
MERCURY
PLASTICS (PTY)LTD |
|
Country |
South
Africa |
|
Subject
Contact Person |
DAVID
COETZE - Director |
|
Assessment |
This is
a well-established business. On investigation contact was made with DAVID
COETZE the director who declined to assist with any information on the
subject. MR. COETZE stated that he has no dealings within INDIA and has
requested to know the name of the principal enquirer. Please see the
available information on the subject below. |
|
Registered
Name |
MERCURY
PLASTICS (PTY)LTD |
|
Trading
as/ Division Name |
None |
|
Previous
Name |
None |
|
Date of
Name Change |
None |
|
Registration
Number |
M1965/009802/07 |
|
Registration
Date |
1965/11/23 |
|
Date
Commenced Trading |
1965-11-23 |
|
Age of
Business |
48 Years
2 Months |
|
History
of Business |
The
subject commenced trading as a new company in 1965. |
|
History
of Principals |
There
are 3 active directors within the business. |
|
Shareholders/Members/Partners
of subject and % holding |
Unavailable |
|
Authorised
Share Capital |
R 0.00 |
|
Issued Share
Capital/Members Contribution |
R 0.00 |
|
Status |
In
Business |
|
Operations
Assessment |
Manufacturer
of masterbatches and colour pigments within the South African market. |
|
Industry/
Customers |
The
commercial industry. |
|
Export |
Unknown |
|
Export
Countries |
|
|
Import |
Unknown |
|
Import
Countries |
|
|
Major
Industry Code / SICC |
33430 |
|
Definition
of Code |
Manufacture
of plastics in primary form and of synthetic rubber |
|
Head
Office Physical Address |
153 HARING
ROAD, WADEVILLE, EXTENSION 2, 1422 |
|
Head
Office Postal Address |
P.O. Box
14817 WADEVILLE, 1422 |
|
Current
Tel Number |
0118240350 |
|
Cell
Number |
Unavailable |
|
Current
Fax Number |
0118240353 |
|
Current
Email Address |
|
|
Web Site
Address |
|
|
Comments |
|
|
Company Registered
Name |
NWANDA
INC |
|
Trading
Name |
None |
|
Registration
Number |
M2004/003741/21 |
|
Physical
Address |
THE
CHAMBERS, CAMBRIDGE PLACE OFFICE PARK, KIRKBY ROAD, BEDFORD GARDENS, 2007 |
|
Postal
Address |
PO BOX
751767, GARDENVIEW, 2007 |
|
Contact
Person |
Unavailable |
|
Contact
Number |
0116220926 |
|
Email |
|
|
Principals |
3 |
|
Judgements
Against Subject |
None On
Record |
|
Judgements
Against Principals |
None On
Record |
|
Subject Verified
as Client |
Yes |
|
Practice
Number |
952451 |
|
VAT
Number |
4840211405 |
|
Tax
Number |
9626261151 |
|
BEE
Status |
Level 1 |
|
Financial
Year End |
June |
|
No of
years in Business |
5 Years
4 Months |
|
Website |
|
|
Comment |
|
Previous Auditors Information - No Information on Record
|
Vat
Number |
4020102978 |
|
Status |
ACTIVE |
|
Vat
Liable Date |
1991/10/01 |
|
Tax
Number |
9395207849 |
|
Tax Clearance
Expire Date |
|
|
Financial
Year End |
February |
|
Comment |
|
|
Status |
Yes |
|
Score |
|
|
Expire
Date |
|
|
BEE
Certificate Available |
No |
|
Comment |
|
|
Type of
ISO Grade |
9001 |
|
ISO Certificate |
Yes |
|
ISO
Certificate Available |
No |
|
Certified
by an Accredited Agent |
Yes |
|
Comment |
|
|
Registered |
Yes |
|
Compliance
Certified |
Yes |
|
Comment |
|
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 Ohart - 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
Judgements - No information on record
BusinessRescue - 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 |
3 |
|
Average
Age of Active Principals |
43 |
Active Principals
Principal - 1 of 3
DALE CARASTATHIS
|
Surname |
CARASTATHIS |
|
First
Name |
DALE |
|
Other
Names |
None |
|
Marital
Status |
|
|
ID
Number |
8606275146088 |
|
Verified
ID Number |
Yes |
|
Current
Age |
27 Years
7 Months |
|
Designation |
Director |
|
Status |
Active |
|
Appointment
Date |
2010/03/01 |
|
Physical
Address (at time of Appointment) |
16
HENNIE JOUBERT STREET, KINGFISHER PLACE, SUNWARD PARK, BOKSBURG, 1459 |
|
Postal
Address |
PO BOX
14817, WADEVILLE, WADEVILLE, 1422 |
|
Current Tel
Number |
0118240350 |
|
Cell
number |
0832355244 |
|
Shareholding/Membership |
0.00 |
Principal's Adverse
- No information on record
Business Information for DALE CARASTATHIS
Principal Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
MERCURY
PLASTICS (PTY)LTD |
M1965/009802/07 |
In
Business |
49 Years
1 Months |
0 |
No |
|
Principal Deeds Information
Property Interests for DALE CARASTATHIS
|
Title Deed
No. |
T12923/2010 |
Erf/Site
No. |
|
|
Deeds
Office |
JOHANNESBURG |
Physical
Address |
16
UITSPAN SUNWARD PARK BOKSBURG |
|
Property
Type |
Freehold |
Extent /
Size |
975.0SQM |
|
Purchase
Date |
2010/02/25 |
Purchase
price |
|
|
%
Ownership |
0.00 |
Bond
Holder |
CARASTATHIS
JOHN |
|
Bond
Number |
B98032010 |
Bond
Amount |
|
|
Comment |
|
||
Principal - 2 of 3
DAVID COETZE
|
Surname |
COETZE |
|
First
Name |
DAVID |
|
Other
Names |
S |
|
Marital
Status |
|
|
ID
Number |
7405175111081 |
|
Verified
ID Number |
Yes |
|
Current
Age |
39 Years
8 Months |
|
Designation |
Director |
|
Status |
Active |
|
Appointment
Date |
2003/08/01 |
|
Physical
Address (at time of Appointment) |
10
NATHANS CLOSE, 10TH AVENUE, RAVENSWOOD, BOKSBURG, 1459 |
|
Postal Address |
P O BOX
14817, WADEVILLE, 1422 |
|
Current
Tel Number |
0118240350 |
|
Cell
number |
0823295405 |
|
Shareholding/Membership |
0.00 |
Principal's Adverse
- No information on record
Business Information for DAVID COETZE
Principal Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
MERCURY
PLASTICS (PTY)LTD |
M1965/009802/07 |
In
Business |
49 Years
1 Months |
0 |
No |
|
Principal - 3 of 3
JOHN CARASTATHIS
|
Surname |
CARASTATHIS |
|
First
Name |
JOHN |
|
Other
Names |
None |
|
Marital
Status |
|
|
ID
Number |
5201245045181 |
|
Verified
ID Number |
Yes |
|
Current
Age |
62 Years |
|
Designation |
Director |
|
Status |
Active |
|
Appointment
Date |
1989/01/06 |
|
Physical
Address (at time of Appointment) |
5
GESTERNTE RD, SUNWARD PARK, 1470 |
|
Postal
Address |
P O BOX
14817, WADEVILLE, 1422 |
|
Current
Tel Number |
0118240350 |
|
Cell
number |
0832283342 |
|
Shareholding/Membership |
0.00 |
Principal's Adverse
- No information on record
Business Information for JOHN CARASTATHIS
Principal Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
MERCURY PLASTICS
(PTY)LTD |
M1965/009802/07 |
In
Business |
49 Years
1 Months |
0 |
No |
|
|
SHELL
CASE 67 (PTY)LTD |
2004/001524/07 |
In
Business |
10 Years
10 Months |
0 |
No |
|
Principal Previous Business Interests
Average Age of Previous Business 18
Years
|
Company Name |
Registration No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
MERCURY
PLASTICS CAPE (PTY)LTD |
M1997/008611/07 |
Deregistration
Final |
17
Years 5 Months |
0 |
No |
|
|
MISON
PROPERTY HOLDINGS CC |
B1994/016323/23 |
Deregistration
Final |
20 Years 8 Months |
0 |
No |
|
Principal Deeds Information
Property Interests for JOHN CARASTATHIS
|
Title
Deed No. |
T26372/2007 |
Erf/Site
No. |
|
|
Deeds
Office |
JOHANNESBURG |
Physical
Address |
11
UITSPAN SUNWARD PARK BOKSBURG |
|
Property
Type |
Freehold |
Extent /
Size |
825.0SQM |
|
Purchase
Date |
2007/03/02 |
Purchase
price |
|
|
%
Ownership |
0.00 |
Bond
Holder |
NEDBANK
LTD |
|
Bond
Number |
B407052007 |
Bond
Amount |
|
|
Comment |
|
||
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.54 |
|
|
1 |
Rs101.08 |
|
Euro |
1 |
Rs.83.38 |
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.