|
Report Date : |
11.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
CHEM-I-PLAST (PTY) LTD |
|
|
|
|
Registered Office : |
Ground Floor,Saffer
Place, Cambridge Office Park, Cnr Kirkby And Oxford Road, Bedford Gardens,
Bedfordview |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
02.07.2003 |
|
|
|
|
Com. Reg. No.: |
M2003/015348/07 |
|
|
|
|
Legal Form : |
Private company |
|
|
|
|
Line of Business : |
The subjects main
operation is trading chemicals and plastics |
|
|
|
|
No. of Employees : |
19 |
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 01, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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 |
CHEM-I-PLAST
(PTY)LTD |
|
Country |
South
Africa |
|
Enquiry
Terms |
COD |
|
Subject
Contact Person |
ROBY JOSE
- Director |
|
Assessment |
On investigation contact was made
with ROBY JOSE the director of the company who assisted with some of the information.
The subject is meeting commitments with their supplier. No further suppliers
were made available to obtain additional trade references. We were unable to
obtain a bank code due to the subject declining to provide any banking
information. Please see the available information on the subject below. |
|
Registered
Name |
CHEM-I-PLAST
(PTY)LTD |
|
Trading
as/ Division Name |
CHEM-I-PLAST |
|
Previous
Name |
None |
|
Date of
Name Change |
None |
|
Registration
Number |
M2003/015348/07 |
|
Registration
Date |
2003/07/02 |
|
Date
Commenced Trading |
2003-07-02 |
|
Age of
Business |
11 Years 2
Months |
|
History of
Business |
The
company is in operation for the past 11 Years and 2 Months. |
|
History of
Principals |
There are 3
active directors within the company. |
|
Shareholders/Members/Partners
of subject and % holding |
100 % -
TEENA SUSAN MARY THOMAS |
|
Authorised
Share Capital |
R1000.00 |
|
Issued
Share Capital/Members Contribution |
R 100.00 |
|
Status |
In
Business |
|
Operations
Assessment |
The
subjects main operation is trading chemicals and plastics. |
|
Industry/
Customers |
The
subject supply's to most chemical and plastic companies. |
|
Export |
None |
|
Export
Countries |
|
|
Import |
Yes |
|
Import
Countries |
|
|
Major
Industry Code / SICC |
33410 |
|
Definition
of Code |
MANUFACTURE
OF BASIC CHEMICALS,EXCEPT FERTILIZERS AND NITROGEN COMPOUNDS |
|
Head
Office Physical Address |
GROUND FLOOR,SAFFER PLACE,
CAMBRIDGE OFFICE PARK, CNR KIRKBY AND OXFORD ROAD, BEDFORD GARDENS,
BEDFORDVIEW |
|
Head
Office Postal Address |
P O BOX
904, BEDFORDVIEW, 2008 |
|
Current
Tel Number |
0116160111 |
|
Cell
Number |
0846085364 |
|
Current
Fax Number |
0114550991 |
|
Current
Email Address |
|
|
Web Site
Address |
|
|
Comments |
|
|
Company Registered Name |
LAMBAT AND POCHEE |
|
Trading Name |
LAMBAT AND POCHEE |
|
Registration Number |
Unavailable |
|
Physical Address |
39 PARK DRIVE, FORDSBURG,
RANDBURG, 2092 |
|
Postal Address |
PO BOX 42126, FORDSBURG,
JOHANNESBURG, 2033 |
|
Contact Person |
SOPHIA |
|
Contact Number |
0118379663 |
|
Email |
|
|
Principals |
|
|
Judgements Against Subject |
Unavailable |
|
Judgements Against Principals |
Unavailable |
|
Subject Verified as Client |
Yes |
|
Practice Number |
943290 |
|
VAT Number |
Unavailable |
|
Tax Number |
Unavailable |
|
BEE Status |
Unavailable |
|
Financial Year End |
Unavailable |
|
No of years in Business |
Unavailable |
|
Website |
Unavailable |
|
Comment |
|
Previous
Auditors Information - No Information on Record
|
Vat Number |
4740208048 |
|
Status |
ACTIVE |
|
Vat Liable
Date |
2003/09/01 |
|
Tax Number |
9482328151 |
|
Tax
Clearance Expire Date |
2015/01/31 |
|
Financial
Year End |
February |
|
Comment |
|
|
Black
Economic Empowerment |
|
|
Status |
Yes |
|
Score |
7.00 |
|
Expire
Date |
|
|
BEE
Certificate Available |
No |
|
Comment |
|
|
ISO
Status |
|
|
Type of
ISO Grade |
Unavailable |
|
ISO
Certificate |
Yes |
|
ISO
Certificate Available |
No |
|
Certified by
an Accredited Agent |
Yes |
|
Comment |
|
|
Workman's
compensation |
|
|
Registered |
Yes |
|
Compliance
Certified |
Yes |
|
Comment |
|
Subsidiaries Information - No
Information on Record
Employees
|
Number of
Employees |
19 |
|||
|
1.
Salaried employees |
19 |
|||
|
2. Waged
employees |
0 |
|||
|
3.
Permanent employees |
19 |
|||
|
4. Casual
employees |
0 |
|||
|
5.
Contracted employees |
0 |
|||
|
Comment |
|
|||
|
Company Fleet |
||||
|
Company
Fleet |
No of
vehicles: |
Owned/Leased |
Value |
Outstanding
Balance |
|
Fleet
Operations |
|
|
|
|
|
The Fleet
is made up of |
6 |
|||
|
Comment |
|
|||
|
Trucks |
3 |
Owned |
|
|
|
Fork Lifts |
3 |
Owned |
|
|
|
Offices |
Offices |
|
|
Head Office
Owned/ Rented |
Leased |
|
|
Rental
Company |
KHOR BROB |
|
|
Owned by |
N/A |
|
|
Value |
|
|
|
Bond |
|
|
|
Bank |
N/A |
|
|
Lease
Agreement |
5 Years |
|
|
Lease
Expire Date |
2016-10-31 |
|
|
Type of
Premises |
Office
block |
|
|
Comment |
|
|
|
Branch Information |
||
|
Branches Names |
Country |
Province |
|
CHEM-I-PLAST (PTY)LTD |
South Africa |
DURBAN |
|
CHEM-I-PLAST (PTY)LTD |
South Africa |
CAPETOWN |
|
CHEM-I-PLAST (PTY)LTD |
South Africa |
JOHANESBURG |
|
Branch Detail Information |
||
|
Branches
Owned/ Rented |
Leased |
|
|
Rental
Company |
|
|
|
Owned by |
|
|
|
Value |
|
|
|
Bond |
|
|
|
Bank |
N/A |
|
|
Lease
Agreement |
5 Years |
|
|
Lease
Expire Date |
N/A |
|
|
Type of
Premises |
Office and
warehouse |
|
|
Comment |
|
|
|
Branches
Owned/ Rented |
Leased |
|
Rental
Company |
|
|
Owned by |
|
|
Value |
|
|
Bond |
|
|
Bank |
N/A |
|
Lease
Agreement |
5 Years |
|
Lease
Expire Date |
Unavailable |
|
Type of
Premises |
Office and
warehouse. |
|
Comment |
|
|
|
|
|
Branches
Owned/ Rented |
Leased |
|
Rental
Company |
|
|
Owned by |
|
|
Value |
|
|
Bond |
|
|
Bank |
N/A |
|
Lease
Agreement |
5 Years |
|
Lease
Expire Date |
Unavailable |
|
Type of
Premises |
Office and
warehouse |
|
Comment |
|
Organisation Chart
|
Level |
Position |
Name |
Comment |
Director ROBY JOSE
Director TEENA SUSAN MARY THOMAS
Company
Structure (Ownership)
Note: One
level up and all levels down
|
Holding |
Company |
Sub |
Comment |
|
100% - TEENA SUSAN MARY THOMAS |
CHEM-I-PLAST (PTY)LTD |
Unavailable |
|
Key
Deals - No Information on Record
|
Trade Reference nr |
Supplier |
Contact |
Surety Value |
Notarial Bonds |
Comment |
|
1 |
ROHLIG |
0114003000 |
|
|
|
Trade References Detail
|
Nr |
Age of Acc |
Credit
Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
|
1 |
9 Years |
R 4000000.00 |
R 2000000 |
30 Days |
R 2000000 |
30 Days |
This is a very good account. |
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 |
40 |
|
Number of
Inactive Principals |
|
|
Active
Principals Active Principal - 1 of 3 ROBY JOSE |
|
|
Surname |
JOSE |
|
First Name |
ROBY |
|
Other
Names |
|
|
Marital
Status |
|
|
ID Number |
7402106358188 |
|
Verified
ID Number |
Yes |
|
Current
Age |
40 Years 7
Months |
|
Designation |
DIRECTOR |
|
Status |
Active |
|
Appointment
Date |
2012/06/05 |
|
Physical
Address (at time of Appointment) |
NO 3
ALBERANTE ESTATE, DE LAREY STREET, ALBERANTE, ALBERTON,2007 |
|
Postal
Address |
P O BOX
904, BEDFORDVIEW, 2008 |
|
Current
Tel Number |
0116160211 |
|
Cell
number |
0843255399 |
|
Shareholding/Membership |
0.00 |
Business Information for ROBY JOSE
Principal Current Business Interests
|
Company
Name |
Registration No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
CHEM-I-PLAST (PTY)LTD |
M2003/015348/07 |
In Business |
11 Years 11 Months |
0 |
No |
|
Principal Previous Business Interests
Average Age
of Previous Business
|
Company Name |
Registration No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
|
|
|
|
|
|
|
Principal
Deeds Information
Property
Interests for ROBY JOSE
|
Title Deed
No. |
ST14871/2009 |
Erf/Site
No. |
291,0 |
|
Deeds
Office |
JOHANNESBURG |
Physical
Address |
5 DE LA
REY ALBERANTE ALBERTON |
|
Property
Type |
U |
Extent /
Size |
|
|
Purchase
Date |
2008/12/07 |
Purchase
price |
R1522800.00 |
|
%
Ownership |
0.00 |
Bond
Holder |
NEDBANK
LTD |
|
Bond
Number |
SB118292009 |
Bond
Amount |
R1375720.00 |
|
Comment |
|
||
Active
Principal - 2 of 3 RONY JOSE
|
Surname |
JOSE |
|
First Name |
RONY |
|
Other
Names |
|
|
Marital
Status |
|
|
ID Number |
7102126201182 |
|
Verified
ID Number |
Yes |
|
Current
Age |
43 Years 7
Months |
|
Designation |
DIRECTOR |
|
Status |
Active |
|
Appointment
Date |
2006/07/10 |
|
Physical Address
(at time of Appointment) |
6 VAN
HEERDEN STREET, RANDHART, ALBERTON, 1457 |
|
Postal
Address |
P O BOX
904, BEDFORDVIEW, 2008 |
|
Current
Tel Number |
0116160111 |
|
Cell
number |
0825708129 |
|
Shareholding/Membership |
0.00 |
Business Information for RONY JOSE
Principal Current Business Interests
|
Company
Name |
Registration No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
CHEM-I-PLAST (PTY)LTD |
M2003/015348/07 |
In
Business |
11 Years
11 Months |
0 |
No |
|
|
SUN STAMPERS SOUTH AFRICA (PTY)LTD |
M2004/035286/07 |
In
Business |
10 Years
10 Months |
0 |
No |
|
|
WORLD
MALAYALEE COUNCIL -JOHANNESBURG |
M2005/025159/08 |
Deregistration
Process |
9 Years 9
Months |
0 |
No |
|
Principal Previous Business Interests
Average Age
of Previous Business
|
Company Name |
Registration No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
|
|
|
|
|
|
|
Principal
Deeds Information
Property Interests
for RONY JOSE
|
Title Deed
No. |
T40102/2009 |
Erf/Site
No. |
696 |
|
Deeds
Office |
JOHANNESBURG |
Physical
Address |
|
|
Property
Type |
E |
Extent /
Size |
|
|
Purchase
Date |
2009/11/10 |
Purchase
price |
R1050000.00 |
|
%
Ownership |
0.00 |
Bond
Holder |
AFROPULSE
132 PTY LTD |
|
Bond
Number |
I-3062009C |
Bond
Amount |
R 0.00 |
|
Comment |
|
||
|
Title Deed
No. |
T3159/2003 |
Erf/Site
No. |
550 |
|
Deeds
Office |
JOHANNESBURG |
Physical
Address |
RANDHART
ALBERTON |
|
Property
Type |
E |
Extent /
Size |
|
|
Purchase
Date |
2002/08/05 |
Purchase
price |
R
490000.00 |
|
%
Ownership |
0.00 |
Bond
Holder |
STANDARD
BANK OF SOUTH AFRICA L |
|
Bond
Number |
B25052003 |
Bond
Amount |
R
490000.00 |
|
Comment |
|
||
TEENA
SUSAN THOMAS
|
Surname |
THOMAS |
|
First Name |
TEENA
SUSAN |
|
Other
Names |
MARY |
|
Marital
Status |
|
|
ID Number |
7605170878184 |
|
Verified
ID Number |
Yes |
|
Current
Age |
38 Years 4
Months |
|
Designation |
DIRECTOR |
|
Status |
Active |
|
Appointment
Date |
2003/07/02 |
|
Physical
Address (at time of Appointment) |
GROUND
FLOOR NORTH WING, 20 SKEEN BOULEVARD, BEDFORDVIEW, 2007 |
|
Postal
Address |
PO BOX
904, BEDFORDVIEW, 2008 |
|
Current
Tel Number |
0119085364 |
|
Cell
number |
0825708129 |
|
Shareholding/Membership |
100% |
Business Information for TEENA SUSAN
THOMAS Principal Current Business Interests
|
Company
Name |
Registration No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
CHEM-I-PLAST (PTY)LTD |
M2003/015348/07 |
In Business |
11 Years 11 Months |
0 |
No |
|
|
Company Name |
Registration No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
SUN
STAMPERS SOUTH AFRICA (PTY)LTD |
M2004/035286/07 |
In Business |
10 Years 10 Months |
0 |
No |
|
Principal
Deeds Information
Property
Interests for
TEENA
SUSAN THOMAS
|
Title Deed
No. |
|
Erf/Site
No. |
|
|
Deeds
Office |
|
Physical
Address |
|
|
Property
Type |
|
Extent /
Size |
|
|
Purchase
Date |
|
Purchase
price |
|
|
% Ownership |
|
Bond
Holder |
|
|
Bond
Number |
|
Bond
Amount |
|
|
Comment |
|
||
Previous
Principals
|
Full Name |
ID Number |
Status |
Status
Date |
|
|
|
In
Business |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.82 |
|
|
1 |
Rs.98.14 |
|
Euro |
1 |
Rs.78.65 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
PDT |
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.