MIRA INFORM REPORT

 

 

Report Date :

19.05.2014

 

IDENTIFICATION DETAILS

 

Name :

PLASTAMID (PTY)LTD

 

 

Registered Office :

1st Floor Aeci Place, 24 The Woodlands, Woodlands Drive, Gauteng, 2196

 

 

Country :

South Africa

 

 

Date of Incorporation :

17.06.1968

 

 

Com. Reg. No.:

M1968/006620/07

 

 

Legal Form :

Private Company

 

 

Line of Business :

supplier of Polymer Products

 

 

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 – March 31, 2014

 

Country Name

Previous Rating

(31.12.2013)

Current Rating

(31.03.2014)

South Africa

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low Risk

 

A2

Moderate Low Risk

 

B1

Moderate Risk

 

B2

Moderate High Risk

 

C1

High Risk

 

C2

Very High Risk

 

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

PLASTAMID (PTY)LTD

Country

South Africa

Subject Contact Person

MARK DYTOR - Director

Assessment

This is an established business.

 

On investigation contact was made with MARK DYTOR the director who requested a questionnaire to be sent for completion.

 

We have followed up on the questionnaire on numerous occasions, he however requested more time to complete the questionnaire.

 

Please see the available information on the subject below.

 

 

Company information

 

Registered Name

PLASTAMID (PTY)LTD

Trading as/ Division Name

Unavailable

Previous Name

Unavailable

Date of Name Change

2002-12-20

Registration Number

M1968/006620/07

Registration Date

1968/06/17

Date Commenced Trading

1968-06-17

Age of Business

45 Years 11 Months

History of Business

The subject commenced trading as a new company in 1968. It underwent a name change in 2002 from an undisclosed name to the current name.

History of Principals

There are 3 active directors within the company.

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

The subjects main operation is to supply polymer products

Industry/ Customers

Corporate businesses

Export

Declined

Import

Declined

Major Industry Code / SICC

9000

Definition of Code

Other activities not adequately defined.

Head Office Physical Address

1ST FLOOR AECI PLACE, 24 THE WOODLANDS, WOODLANDS DRIVE, GAUTENG, 2196

Head Office Postal Address

PRIVATE BAG X21, GALLO MANOR, GAUTENG, 2052

Operating Address

Chem Park 200 Bergriver Drive Chloorkop Gauteng, P O Box 12055

Chloorkop, 1624

Current Tel Number

0119221780

Cell Number

Unavailable

Current Fax Number

Unavailable

Current Email Address

andy.gold@chemfit.co.za

Web Site Address

Unavailable

 

 

Auditors information

 

Company Registered Name

KPMG INC

Trading Name

KPMG

Registration Number

1999/021543/21

Physical Address

85 EMPIRE ROAD, PARKTOWN, JOHANNESBURG, 2193

Postal Address

PRIVATE BAG 9, PARKVIEW, 2122

Contact Person

BOTHA

Contact Number

0116477111

Email

Unavailable

Principals

191

Judgements Against Subject

None On Record

Judgements Against Principals

None On Record

Subject Verified as Client

Yes

Practice Number

900133E

VAT Number

4530188665

Tax Number

9559555843

BEE Status

Level 2

Financial Year End

August

No of years in Business

5 Years 10 Months

Website

www.kpmg.com

 

Previous Auditors Information - No Information on Record

 

 

Tax Information

 

Vat Number

4520204670

Status

ACTIVE

Vat Liable Date

2003/01/01

Tax Number

9121104849

Financial Year End

December

 

Black Economic Empowerment Information - No Information on Record

 

ISO Information - No Information on Record

 

Work Mans Information - No Information on Record


Company Structure

 

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

 

 

Management Overview

 

Organisational Chart - No In formation 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

 

 

Adverse Information on Subject

 

Judgements - No information on record

 

Business Rescue - 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


Principals

 

Number of Principals

3

Average Age of Active Principals

45

 

Active Principals Principal - 1 of 3 MARK DYTOR

Surname

DYTOR

First Name

MARK

Other Names

None

ID Number

6107185122089

Verified ID Number

Yes

Current Age

52 Years 10 Months

Designation

Director

Status

Active

Appointment Date

2012/04/16

Physical Address (at time of Appointment)

1476 STAPLEFORD AVENUE, DAINFERN, 2055

Postal Address

PRIVATE BAG X 21, GALLO MANOR, 2052

Current Tel Number

0115484510

Cell number

0832500694

Shareholding/Membership

0.00

 

Principal's Adverse - No information on record

 

Business Information for MARK DYTOR

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

AECI SHELFCO NO 1 (PTY)LTD

M1970/007147/07

In Business

44 Years 8 Months

0

No

 

AEL HOLDCO LTD

M2002/013171/06

In Business

0

0

No

 

AEL MINING SERVICES LTD

M1973/008610/06

In Business

41 Years 5 Months

0

No

 

AKULU CHEMICALS (PTY)LTD

M1975/003498/07

In Business

39 Years 3 Months

0

No

 

CHEMICAL

INITIATIVES

(PTY)LTD

M1992/070361/07

In Business

22 Years 10 Months

0

No

 

CHEMICAL SERVICES LTD

M1967/003338/06

In Business

47 Years 11 Months

0

No

 

CHEMREX (PTY)LTD

M1964/002564/07

In Business

50 Years 2 Months

0

No

 

CHEMSERVE FINE

CHEMICALS

(PTY)LTD

M1963/007551/07

In Business

51 Years 3 Months

0

No

 

CHEMSERVE

WATER AND

ENERGY

SOLUTIONS

(PTY)LTD

M1961/001359/07

In Business

53 Years 5 Months

0

No

 

CHEMSERVE WATER SCIENCES (PTY)LTD

M1981/000945/07

In Business

33 Years 9 Months

0

No

 

DOCKUM

INVESTMENTS

(PTY)LTD

M1999/017218/07

In Business

15 Years 3 Months

0

No

 

DUNROSE INVESTMENTS 148 (PTY)LTD

M2002/011262/07

In Business

0

0

No

 

EXTRACTIVE

TECHNOLOGIES

(PTY)LTD

M2003/019246/07

In Business

11 Years 11 Months

0

No

 

GLENJOHN

PROPERTIES

(PTY)LTD

M1970/000117/07

In Business

44 Years 8 Months

0

No

 

HEARTLAND PROPERTIES (PTY)LTD

M1989/007165/07

In Business

25 Years 1 Months

0

No

 

IMPROCHEM (PTY)LTD

M2005/019505/07

In Business

9 Years 9 Months

0

No

 

NULANDIS (PTY)LTD

M1972/013867/07

In Business

42 Years 6 Months

1

No

 

PLASTAMID (PTY)LTD

M1968/006620/07

In Business

46 Years 10 Months

0

No

 

PLASTAMID

MANUFACTURING

(PTY)LTD

M1965/003001/07

In Business

49 Years 1 Months

0

No

 

SANS FIBRES (PTY)LTD

M1964/003849/07

In Business

50 Years 2 Months

2

No

 

SENMIN

INTERNATIONAL (PTY)LTD

M1958/001760/07

In Business

56 Years 8 Months

0

No

 

SENMIN S A (PTY)LTD

M1969/005686/07

In Business

45 Years 9 Months

0

No

 

SKYPROPS 22 (PTY)LTD

M1998/007532/07

In Business

16 Years 4 Months

0

No

 

SPECIALTY MINERALS SOUTH AFRICA (PTY)LTD

M1996/014430/07

In Business

18 Years 6 Months

0

No

 

UNIVERSAL REFERENCE (PTY)LTD

M1971/011576/07

In Business

43 Years 7 Months

0

No

 

 

Principal Previous Business Interests

 

Average Age of Previous Business                                                                       32 Years

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

A B E CONSTRUCTION CHEMICALS (PTY)LTD

M1982/005383/07

In Business

32 Years 8 Months

0

No

 

AKULU-MARCHON (PTY)LTD

M1980/000046/07

In Business

34 Years 10 Months

0

No

 

APPLIED AGRICULTURAL PRODUCTS (PTY)LTD

M1982/007922/07

In Business

32 Years 8 Months

0

No

 

ATLAS

CONSOLIDATED INDUSTRIES (PTY)LTD

M1972/002107/07

In Business

42 Years 6 Months

0

No

 

C H SMITH (PTY)LTD

M1961/000359/07

In Business

53 Years 5 Months

0

No

 

CHEM SYSTEMS (PTY)LTD

M1958/001699/07

In Business

56 Years 8 Months

0

No

 

CHEMAX HOLDINGS (PTY)LTD

M1968/000024/07

In Business

46 Years 10 Months

0

No

 

CHEMIPHOS S A (PTY)LTD

M1998/014017/07

In Business

16 Years 4 Months

0

No

 

CHEMSERVE COLLOIDS (PTY)LTD

M1964/001683/07

Deregistration Final

50 Years 2 Months

0

No

 

CHEMSERVE MINERAL

PROCESSORS

(PTY)LTD

M1970/010573/07

Deregistration Final

44 Years 8 Months

0

No

 

CHEMSERVE POLYMER SCIENCES (PTY)LTD

M1966/011385/07

In Business

 

0

No

 

CHEMSERVE

SPECIALITIES

(PTY)LTD

M1977/000242/07

Deregistration Final

37 Years 1 Months

0

No

 

CHEMSERVE TRIO (PTY)LTD

M1969/011158/07

In Business

45 Years 9 Months

0

No

 

CHEMURGY PRODUCTS (PTY)LTD

M1989/002930/07

Deregistration Final

25 Years 1 Months

0

No

 

CLP INVESTMENTS NO 20 (PTY)LTD

M2005/019015/07

Deregistration Final

9 Years 9 Months

0

No

 

DUCO SPECIALITY COATINGS (PTY)LTD

M1999/023817/07

In Business

15 Years 3 Months

0

No

 

EFFLUENT CONTROL (PTY)LTD

M1986/003870/07

In Business

28 Years 4 Months

0

No

 

ENTITY INVESTMENTS (PTY)LTD

M1987/002081/07

In Business

27 Years 3 Months

0

No

 

INDUSTRIAL URETHANES (PTY)LTD

M1974/003159/07

In Business

40 Years 4 Months

0

No

 

PACKAGING COATINGS SA (PTY)LTD

M1999/010902/07

Deregistration Final

15 Years 3 Months

0

No

 

RESINKEM (PTY)LTD

M1973/009008/07

In Business

41 Years 5 Months

0

No

 

S A SILICONE PRODUCTS (PTY)LTD

M1969/007697/07

Deregistration Final

45 Years 9 Months

0

No

 

SILICONE SERVICES (PTY)LTD

M1984/010799/07

Deregistration Final

30 Years 6 Months

0

No

 

SIMITRI SPECIALTY CHEMICALS (PTY)LTD

M2005/024978/07

In Business

9 Years 9 Months

0

No

 

TROHALL (PTY)LTD

M1967/011197/07

Deregistration Final

47 Years 11 Months

0

No

 

Principal's Deeds Information - No information on record

 

Principal - 2 of 3 RUSSELL LEIBERUM

 

Surname

LEIBERUM

First Name

RUSSELL

Other Names

None

ID Number

7605135018082

Verified ID Number

Yes

Current Age

38 Years

Designation

Director

Status

Active

Appointment Date

2009/03/18

Physical Address (at time of Appointment)

43 COLEMAN STREET, ELSIES RIVER, 7490

Postal Address

P O BOX 59, ELSIES RIVER, 7480

Current Tel Number

0215212654

Cell number

0834110357

Shareholding/Membership

0.00

 

Principal's Adverse - No information on record

 

Business Information for RUSSELL LEIBERUM

 

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

PLASTAMID (PTY)LTD

M1968/006620/07

In Business

46 Years 10 Months

0

No

 

 

Principal's Deeds Information - No information on record

 

Principal - 3 of 3 GAVIN GERBER

 

Surname

GERBER

First Name

GAVIN

Other Names

None

ID Number

7007115011080

Verified ID Number

Yes

Current Age

43 Years 10 Months

Designation

Director

Status

Active

Appointment Date

2008/09/01

Physical Address (at time of Appointment)

17 WINBURG STREET, ELDORAIGNE X18, CENTURION, 0157

Postal Address

P O BOX 411, BRYANSTON, 2021

Current Tel Number

0114095036

Cell number

0834509738

Shareholding/Membership

0.00

 

Principal's Adverse - No information on record

 

Business Information for GAVIN GERBER

 

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

ATLAS

CONSOLIDATED

INDUSTRIES

(PTY)LTD

M1972/002107/07

In Business

42 Years 6 Months

0

No

LAKE

INTERNATIONAL

TECHNOLOGIES

(PTY)LTD

M1946/023685/07

In Business

68 Years 8 Months

0

No

PLASTAMID (PTY)LTD

M1968/006620/07

In Business

46 Years 10 Months

0

No

PLASTAMID

MANUFACTURING

(PTY)LTD

M1965/003001/07

In Business

49 Years 1 Months

0

No

 

 

Principal Previous Business Interests

 

Average Age of Previous Business                                                           16 Years

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

AKULU-MARCHON (PTY)LTD

M1980/000046/07

In Business

34 Years 10 Months

0

No

CHEMIDEA CC

B1998/071472/23

Deregistration Final

16 Years 4 Months

0

No

SKYPROPS 22 (PTY)LTD

M1998/007532/07

In Business

16 Years 4 Months

0

No

T AND T PRODUCTS CC

B2002/099683/23

Deregistration Final

 

0

No

 

Principal's Deeds Information - No information on record

 


FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.58.86

UK Pound

1

Rs.98.82

Euro

1

Rs.80.72

 

 

INFORMATION DETAILS

 

Analysis Done by :

KAR

 

 

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.