|
Report Date : |
01.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
DK CHEM CC |
|
|
|
|
Registered Office : |
1
Lawrence Drive, Westville, 3630, PO Box 571, Kloof, 3640 |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
29.03.2001 |
|
|
|
|
Com. Reg. No.: |
B2001/020179/23 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Manufacture
of basic chemicals, except fertilizers & nitrogen compounds |
|
|
|
|
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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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 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 |
DK CHEM CC |
|
Country |
South
Africa |
|
Subject
Contact Person |
|
|
Registered
Name |
DK CHEM CC |
|
Trading
as/ Division Name |
DK
CHEMICALS |
|
Previous
Name |
None |
|
Date
of Name Change |
None |
|
Registration
Number |
B2001/020179/23 |
|
Registration
Date |
2001/03/29 |
|
Date
Commenced Trading |
2001-03-29 |
|
Age
of Business |
13
Years 6 Months |
|
History
of Business |
The
subject commenced trading as new business in 2001 |
|
History
of Principals |
There
is 1 active member within the business |
|
Shareholders/Members/Partners
of subject and % holding |
100
% - KWANG SOON PAK |
|
Authorised
Share Capital |
|
|
Issued
Share Capital/Members Contribution |
|
|
Status |
In
Business |
|
Operations
Assessment |
The
subject supplies and manufactures industrial chemicals using raw chemicals,
such as caustic soda and hydrogen peroxide |
|
Industry/
Customers |
The
chemical industry |
|
Export |
None |
|
Export
Countries |
|
|
Import |
None |
|
Import
Countries |
|
|
Major
Industry Code / SICC |
33410 |
|
Definition
of Code |
Manufacture
of basic chemicals, except fertilizers & nitrogen compounds |
|
Head
Office Physical Address |
1
LAWRENCE DRIVE, WESTVILLE, 3630 |
|
Head
Office Postal Address |
PO
BOX 571, KLOOF, 3640 |
|
Current
Tel Number |
0314643606 |
|
Cell
Number |
|
|
Current
Fax Number |
0866162803 |
|
Current
Email Address |
|
|
Web
Site Address |
|
|
Comments |
|
|
Company
Registered Name |
WARD
HARVEY ASSOCIATES |
|
Trading
Name |
None |
|
Registration
Number |
None |
|
Physical
Address |
1
LAURANCE DRIVE, BEREA WEST, WESTVILLE, 3629 |
|
Postal
Address |
P
O BOX 571, KLOOF, 3640 |
|
Contact
Person |
BRYCE
DAVID HARVEY |
|
Contact
Number |
0312660166 |
|
Email |
|
|
Principals |
|
|
Judgements
Against Subject |
|
|
Judgements
Against Principals |
|
|
Subject
Verified as Client |
Yes |
|
Practice
Number |
5752 |
|
VAT
Number |
Unavailable |
|
Tax
Number |
Unavailable |
|
BEE
Status |
Unavailable |
|
Financial
Year End |
Unavailable |
|
No
of years in Business |
Unknown |
|
Website |
Unavailable |
|
Comment |
Bryce
David Harvey is the name of the auditor who works at ward harvey associates |
Previous
Auditors Information - No Information on Record
|
Vat
Number |
4420197990 |
|
Status |
ACTIVE |
|
Vat
Liable Date |
2002/04/01 |
|
Tax
Number |
9218222140 |
|
Tax
Clearance Expire Date |
|
|
Financial
Year End |
February |
|
Comment |
|
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
|
Level |
Position |
Name |
Comment |
|
1 |
DIRECTOR
|
KWANG
SOON PAK |
|
Company
Structure (Ownership)
Note: One level up and all levels
down
|
Holding |
Company |
Sub |
Comment |
|
100%
- KWANG SOON PAK |
DK
CHEMICALS |
NONE |
|
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 |
1 |
|
Average
Age of Active Principals |
46 |
|
Active Principals Active Principal -
1 of 1 KWANG PAK |
|
|
Surname |
PAK |
|
First
Name |
KWANG |
|
Other
Names |
SOON |
|
Marital
Status |
|
|
ID
Number |
6808060000000 |
|
Verified
ID Number |
No |
|
Current
Age |
46
Years 1 Months |
|
Designation |
DIRECTOR |
|
Status |
Active |
|
Appointment
Date |
2002/01/14 |
|
Physical
Address (at time of Appointment) |
C/O
29 MONTE CARLO ROAD, WESTMEAD, KZN, 3608 |
|
Postal
Address |
P
O BOX 15279, WESTMEAD, 3608 |
|
Current
Tel Number |
|
|
Cell
number |
|
|
Shareholding/Membership |
100
% |
Principal's Adverse -
No information on record
Business
Information for KWANG PAK
Principal
Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
DK
CHEM CC |
B2001/020179/23 |
In
Business |
13
Years 1 Months |
0 |
No |
|
Principal's Previous
Business Interests - No information on record
Principal's Deeds
Information - No information on record
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.61 |
|
|
1 |
Rs.100.28 |
|
Euro |
1 |
Rs.78.21 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
SMN |
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.