|
Report Date : |
13.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
DYSTAR BOEHME AFRICA (PTY) LTD |
|
|
|
|
Registered Office : |
27
Sheffield Road, Willowton, Pietermaritzburg, 3201, Po Box 1845,
Pietermaritzburg, 3200 |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
03.05.1973 |
|
|
|
|
Com. Reg. No.: |
M1973/005366/07 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Manufacture of Automotive Textile Goods. |
|
|
|
|
No of Employees : |
40 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
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 – 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 |
DYSTAR BOEHME AFRICA (PTY)LTD |
|
Country |
South Africa |
|
Subject Contact Person |
SHERMIN NAIDOO - ACCOUNTANT |
|
Assessment |
This is an established business. On investigation contact was
made with SHERMIN NAIDOO the accountant who assisted with the information.
The subject is meeting commitments timeously with their suppliers. No further
suppliers were made available to obtain additional trade references. We
obtained a bank code C for R 100 000 over a period of 30 days. The company is
reported to own a second property that is being confirmed at present. Please
see the available information on the subject below. |
|
Registered Name |
DYSTAR BOEHME AFRICA (PTY)LTD |
|
Trading as/ Division Name |
DYSTAR BOEHME AFRICA |
|
Previous Name |
BOEHME AFRICA (PTY)LTD |
|
Date of Name Change |
2007-02-14 |
|
Registration Number |
M1973/005366/07 |
|
Registration Date |
1973/05/03 |
|
Date Commenced Trading |
1973-05-03 |
|
Age of Business |
41 Years 5 Months |
|
History of Business |
The subject was established in 1973-05-03 and underwent a
name change in 2007-02-14 from BOEHME AFRICA (PTY)LTD to DYSTAR BOEHME AFRICA
(PTY)LTD. |
|
History of Principals |
There are 4 active directors within the company. The CEO is
MR. S KENNEDY |
|
Shareholders/Members/Partners of subject and % holding |
100 % - DYSTAR SINGAPORE HOLDINGS |
|
Authorised Share Capital |
|
|
Issued Share Capital/Members Contribution |
|
|
Status |
In Business |
|
Operations Assessment |
The subject operates has a leading provider of : colors and
effect chemicals for the textile industry, colors and chemicals for the
leather industry, color communications services, environmental solutions and advice,
textile and ecology testing services. The holding company, namely, DYSTAR
SINGAPORE HOLDINGS based in Singapore has estimated sales of over $ 820
million per annum, including business activities with agencies in 50
different countries. |
|
Industry/ Customers |
The subject offers their services to the leather markets,
automotive, textile markets among other key markets. |
|
Export |
Yes |
|
Export Countries |
|
|
Import |
Yes |
|
Import Countries |
|
|
Major Industry Code / SICC |
31213 |
|
Definition of Code |
Manufacture of automotive textile goods. |
|
Head Office Physical Address |
27
Sheffield Road, Willowton, Pietermaritzburg, 3201 |
|
Head Office Postal Address |
Po
Box 1845, Pietermaritzburg, 3200 |
|
Current Tel Number |
0333908100 |
|
Cell Number |
0823222318 |
|
Current Fax Number |
0333902318 |
|
Current Email Address |
|
|
Web Site Address |
|
Company Registered Name |
KPMG INC |
|
Trading Name |
KPMG |
|
Registration Number |
1999/021543/21 |
|
Physical Address |
Kingsmead Office Park, 20 Kingsmead Boulevard, Kingsmead
Office Park, DURBAN, 4001 |
|
Postal Address |
PO Box 1496, DURBAN, 4000 |
|
Contact Person |
FAROUK KARREEM |
|
Contact Number |
0313276000 |
|
Email |
|
|
Principals |
191 |
|
Judgements Against Subject |
None On Record |
|
Judgements Against Principals |
None On Record |
|
Subject Verified as Client |
Yes |
|
Practice Number |
904791E |
|
VAT Number |
4530188665 |
|
Tax Number |
9559555843 |
|
BEE Status |
Yes |
|
Financial Year End |
August |
|
No of years in Business |
15 Years 1 Months |
|
Website |
|
|
Comment |
|
Previous Auditors Information - No
Information on Record
|
Vat Number |
4060101682 |
|
Status |
ACTIVE |
|
Vat Liable Date |
1991/09/30 |
|
Tax Number |
9060103216 |
|
Tax Clearance Expire Date |
|
|
Financial Year End |
December |
|
Comment |
|
|
Black Economic Empowerment |
|
|
Status |
Yes |
|
Score |
5.00 |
|
Expire Date |
Aug 31 2015 |
|
BEE Certificate Available |
No |
|
Comment |
|
|
ISO
Status |
|
|
Type of ISO Grade |
9001:14000 |
|
ISO Certificate |
Yes |
|
ISO Certificate Available |
No |
|
Certified by an Accredited Agent |
Yes |
|
Comment |
|
|
Workman's compensation |
|
|
Registered |
Yes |
|
Compliance Certified |
Yes |
|
Comment |
|
Company
Structure
Subsidiaries Information - No Information on Record
Employees
|
Number of Employees |
40 |
|||
|
1. Salaried employees |
40 |
|||
|
2. Waged employees |
0 |
|||
|
3. Permanent employees |
40 |
|||
|
4. Casual employees |
0 |
|||
|
5. Contracted employees |
0 |
|||
|
Comment |
DYSTAR SINGAPORE HOLDINGS has approximately 2200 employees
globally. |
|||
|
Company Fleet |
||||
|
Company Fleet |
No of vehicles: |
Owned/Leased |
Value |
Outstanding Balance |
|
Fleet Operations |
|
|
|
|
|
The Fleet is made up of |
1 |
|||
|
Comment |
|
|||
|
Light delivery Vehicles |
1 |
Owned |
|
|
|
Offices |
Offices |
|
Head Office Owned/
Rented |
Owned |
|
Rental Company |
|
|
Owned by |
DYSTAR BOEHME
AFRICA (PTY)LTD |
|
Value |
|
|
Bond |
|
|
Bank |
|
|
Lease Agreement |
|
|
Lease Expire Date |
|
|
Type of Premises |
Office and
warehouse |
|
Comment |
|
Branch Information - No Information on Record
Organization Chart
|
Level |
Position |
Name |
|
1 |
Director |
RONALD CLANCY |
|
1 |
Director |
KADLETZ KLAUS WALTER |
|
1 |
Director |
SURESHKUMAR
SAVAJIBHAI GONDALIA |
|
1 |
Director |
SHANKRBHAI RUGHNATHBHAI PATEL |
Company structure (ownership)
Note: one level up and all levels
down
|
Holding |
Company |
|
100% - DYSTAR SINGAPORE HOLDINGS |
DYSTAR BOEHME AFRICA (PTY) LTD |
Key Deals – No Information on Record
Trade References
|
Trade
Reference nr |
Supplier |
Contact |
Comment |
|
1 |
LESCHACO |
0113972369 |
|
|
2 |
BIDVEST |
0313023821 |
The supplier declined
to provide a trade reference. |
|
3 |
ENVEST TRANSPORT |
0333869957 |
|
|
4 |
PROTEA CHEMICALS |
0314618841 |
The supplier
declined to provide a trade reference. |
Trade References
Details
|
Nr |
Age of Acc |
Terms |
Average Purchases |
Terms Taken |
Comment |
|
1 |
3 Months |
30 Days |
R1200000 |
30 Days |
This
is a good account. |
|
2 |
|
|
|
|
|
|
3 |
10 Years |
30 Days |
R100000 |
30 Days |
This is an
excellent account. The subject has an open account with the supplier. |
Judgements - No information on record
Business Rescue - No Information on Record
Default Listing - No information on record
Notarial Bonds - No information on record
|
Bank |
STANDARD BANK |
|
Branch |
PIETERMARITZBURG |
|
Brach Code |
051001 |
|
Bank Account Number |
250378000 |
|
Type of Account |
CHEQUE |
|
Account Name |
DYSTAR BOEHME AFRICA (PTY)LTD |
|
Overdraft Facilities |
YES |
|
Bank Code |
C - For R 100 000 |
|
Bank Comment |
The subject's bankers consider them good for all normal
business engagements |
Bank Code History - No Information on Record
Previous Bank Account Information - No Information on Record
Deeds Information
Property
Interests for Company DYSTAR BOEHME AFRICA (PTY)LTD
|
Title Deed No. |
T6651/1989 |
Erf/Site No. |
1918 |
|
Deeds Office |
PIETERMARITZBURG |
Physical Address |
25 SHEFFIELD 1656-0540-000 PIETERMARITZBURG |
|
Property Type |
Farms |
Extent / Size |
|
|
Purchase Date |
|
Purchase price |
R 0.00 |
|
% Ownership |
0.00 |
Bond Holder |
FINDEVCO PTY LTD |
|
Bond Number |
B130001993 |
Bond Amount |
R 0.00 |
Financial Estimates
|
Previous Year Turnover |
R140000000.00 |
|
Estimated Current Year Turnover |
R145000000.00 |
|
Current Turnover per month |
R13500000.00 |
|
Current Turnover per annum |
R162000000.00 |
|
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 |
6 |
|
Average
Age of Active Principals |
52 |
|
Active Principals Active Principal - 1 of 6 RONALD CLANCY |
|
|
Surname |
CLANCY |
|
First
Name |
RONALD |
|
Other
Names |
STEWART |
|
Marital
Status |
Married |
|
ID
Number |
7212015122082 |
|
Verified
ID Number |
Yes |
|
Current
Age |
41
Years 10 Months |
|
Designation |
DIRECTOR |
|
Status |
Active |
|
Appointment
Date |
2011/03/01 |
|
Physical
Address (at time of Appointment) |
5
JUNO PLACE, WESTVILLE, KWAZULU-NATAL, 3629 |
|
Postal
Address |
P
O BOX 1845, PIETERMARITZBURG, KWAZULU-NATAL, 3200 |
|
Current
Tel Number |
0119215326 |
|
Cell
number |
0832319627 |
|
Shareholding/Membership |
0.00 |
Principal’s Adverse – No Information on Record
Business
Information for RONALD CLANCY
Principal
Current Business Interests
|
Company
Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
DYSTAR BOEHME AFRICA (PTY)LTD |
M1973/005366/07 |
In Business |
41 Years 5 Months |
0 |
No |
|
DYSTAR SOUTH AFRICA (PTY)LTD |
M1994/010900/07 |
Deregistration
Final |
20 Years 8 Months |
0 |
No |
Principal's Previous Business Interests - No information on
record
Principal Deed Information
|
Property Interests for RONALD CLANCY |
|||
|
Title Deed No. |
T38975/2002 |
Erf/Site No. |
183 |
|
Deeds Office |
PRETORIA |
Physical Address |
20 LECHWE KEMPTON PARK |
|
Property Type |
F |
Extent / Size |
1492.00000000 |
|
Purchase Date |
2001/08/29 |
Purchase price |
R 267000.00 |
|
% Ownership |
0.00 |
Bond Holder |
STANDARD BANK OF SOUTH AFRICA LTD |
|
Bond Number |
B290902002 |
Bond Amount |
R 267000.00 |
|
Comment |
|
||
|
Property Interests for RONALD CLANCY |
|||
|
Title Deed No. |
T17842/2006 |
Erf/Site No. |
2681 |
|
Deeds Office |
PIETERMARITZBURG |
Physical Address |
5 JUNO CHILTERN HILLS WESTVILLE |
|
Property Type |
E |
Extent / Size |
|
|
Purchase Date |
2005/11/08 |
Purchase price |
R1330000.00 |
|
% Ownership |
0.00 |
Bond Holder |
STANDARD BANK OF SOUTH AFRICA L |
|
Bond Number |
B229522006 |
Bond Amount |
R1330000.00 |
|
Comment |
|
||
Active Principal – 2 of 6
KADLETZ WALTER
|
Surname |
WALTER |
|
First Name |
KADLETZ |
|
Other Names |
KLAUS |
|
Marital Status |
|
|
ID Number |
6905190000000 |
|
Verified ID Number |
No |
|
Current Age |
45 Years 5 Months |
|
Designation |
DIRECTOR |
|
Status |
Active |
|
Appointment Date |
2011/03/01 |
|
Physical Address (at time of Appointment) |
DYSTAR KIMYA, MECIDIYE MAHALLESI, CENAP SAHABETTIN SOK NO
24, ISTANBUL ,TURKEY, 0000 |
|
Postal Address |
DYSTAR KIMYA, MECIDIYE MAHALLESI, CENAP SAHABETTIN SOK NO
24, ISTANBUL ,TURKEY, 0000 |
|
Current Tel Number |
0333908100 |
|
Cell number |
|
|
Shareholding/Membership |
0.00 |
Principals Adverse – No Information on Record
Business
Information for KADLETZ WALTER
Principal
Current Business Interests
|
Company
Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
DYSTAR BOEHME AFRICA (PTY)LTD |
M1973/005366/07 |
In Business |
41 Years 5 Months |
0 |
No |
|
DYSTAR SOUTH AFRICA (PTY)LTD |
M1994/010900/07 |
Deregistration
Final |
20 Years 8 Months |
0 |
No |
Principal's Previous Business Interests - No information on
record
Active
Principal - 3 of 6
SURESHKUMAR
GONDALIA
|
Surname |
GONDALIA |
|
First Name |
SURESHKUMAR |
|
Other Names |
SAVAJIBHAI |
|
Marital Status |
|
|
ID Number |
7603290000000 |
|
Verified ID Number |
No |
|
Current Age |
38 Years 7 Months |
|
Designation |
DIRECTOR |
|
Status |
Active |
|
Appointment Date |
2010/03/24 |
|
Physical Address (at time of Appointment) |
B-7 RUCHI APARTMENT, NEHRU PARK LAD SOCIETY ROAD, VASTRAPUR,
AHMEDEBAD 380015, GUJARAT, INDIA, 0000 |
|
Postal Address |
B-7 RUCHI APARTMENT, NEHRU PARK LAD SOCIETY ROAD,
VASTRAPUR, AHMEDEBAD 380015, GUJARAT, INDIA, 0000 |
|
Current Tel Number |
0333908100 |
|
Cell number |
|
|
Shareholding/Membership |
0.00 |
Principals Adverse – No Information on Record
Business Information for SURESHKUMAR
GONDALIA
Principal Current
Business Interests
|
Company
Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
DYSTAR BOEHME AFRICA (PTY)LTD |
M1973/005366/07 |
In Business |
41 Years 5 Months |
0 |
No |
|
DYSTAR SOUTH AFRICA (PTY)LTD |
M1994/010900/07 |
Deregistration
Final |
20 Years 8 Months |
0 |
No |
Principal's Previous Business Interests - No information on
record
Active Principal - 4
of 6
SHANKRBHAI PATEL
|
Surname |
PATEL |
|
First Name |
SHANKRBHAI |
|
Other Names |
RUGHNATHBHAI |
|
Marital Status |
|
|
ID Number |
4906010000000 |
|
Verified ID Number |
No |
|
Current Age |
65 Years 4 Months |
|
Designation |
DIRECTOR |
|
Status |
Active |
|
Appointment Date |
2010/02/04 |
|
Physical Address (at time of Appointment) |
41 SHREENATH PARK SOCIETY, MANEKBAUG SOCIETY AMBAEADI,
AHMEDEBAD 380015, GUJARAT, INDIA,0000 |
|
Postal Address |
41 SHREENATH PARK SOCIETY, MANEKBAUG SOCIETY AMBAEADI,
AHMEDEBAD 380015, GUJARAT,INDIA,0000 |
|
Current Tel Number |
0333908100 |
|
Cell number |
|
|
Shareholding/Membership |
0.00 |
Principals Adverse – No Information on Record
Business
Information for SHANKRBHAI PATEL
Principal
Current Business Interests
|
Company
Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
DYSTAR BOEHME AFRICA (PTY)LTD |
M1973/005366/07 |
In Business |
41 Years 5 Months |
0 |
No |
|
DYSTAR SOUTH AFRICA (PTY)LTD |
M1994/010900/07 |
Deregistration
Final |
20 Years 8 Months |
0 |
No |
Principal's Previous Business Interests - No information on
record
Active Principal - 5 of 6
IAN DOWNIE
|
Surname |
DOWNIE |
|
First Name |
IAN |
|
Other Names |
|
|
Marital Status |
|
|
ID Number |
490128 |
|
Verified ID Number |
No |
|
Current Age |
65 Years 9 Months |
|
Designation |
DIRECTOR |
|
Status |
Resigned |
|
Appointment Date |
2006/10/19 |
|
Physical Address (at time of Appointment) |
BEECH HILL, EASTON, WINCHESTER HAMPSHIRE, UNITED KINGDOM,
SO21 1ED |
|
Postal Address |
BEECH HILL, EASTON, WINCHESTER HAMPSHIRE, UNITED KINGDOM,
SO21 1ED |
|
Current Tel Number |
|
|
Cell number |
|
|
Shareholding/Membership |
0.00 |
Principals Adverse – No Information on Record
Business Information for IAN DOWNIE
Principal Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
|
DYSTAR
BOEHME AFRICA (PTY)LTD |
M1973/005366/07 |
In Business |
41
Years 5 Months |
0 |
No |
Active
Principal - 6 of 6
EVA
KALAWSKI
|
Surname |
KALAWSKI |
|
First Name |
EVA |
|
Other Names |
|
|
Marital Status |
|
|
ID Number |
550523 |
|
Verified ID Number |
No |
|
Current Age |
59 Years 5 Months |
|
Designation |
DIRECTOR |
|
Status |
Resigned |
|
Appointment Date |
2006/10/19 |
|
Physical Address (at time of Appointment) |
2013 CANAL STREET, VENICE, CALIFORNIA, UNITED STATES OF
AMERICA,90291 |
|
Postal Address |
2013 CANAL STREET, VENICE, CALIFORNIA, UNITED STATES OF
AMERICA, 90291 |
|
Current Tel Number |
|
|
Cell number |
|
|
Shareholding/Membership |
0.00 |
Principals Adverse – No Information on Record
Business Information
for EVA KALAWSKI
Principal Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
|
DYSTAR
BOEHME AFRICA (PTY)LTD |
M1973/005366/07 |
In Business |
41
Years 5 Months |
0 |
No |
Principal's Previous Business Interests - No information on record
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.16 |
|
|
1 |
Rs.98.62 |
|
Euro |
1 |
Rs.77.67 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
TPT |
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.