MIRA INFORM REPORT
|
Report No. : |
352587 |
|
Report Date : |
10.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
AFRICAN OXYGEN LTD |
|
|
|
|
Registered Office : |
Afrox House, 23 Webber Street Selby, Gauteng 2001 |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Financials (as on) : |
2015 |
|
|
|
|
Date of Incorporation : |
18.03.1927 |
|
|
|
|
Com. Reg. No.: |
1927/000089/06 |
|
|
|
|
Legal Form : |
Public Company (Ltd) |
|
|
|
|
Line of Business : |
Subject is manufacture, wholesale and retail of various market gases,
welding products, fluid handling systems and a wide range of specialised high
technology industrial products |
|
|
|
|
No. of Employee : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
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, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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 Africa’s largest and among the top 20 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. Economic growth has decelerated in recent years, slowing to just 1.5% in 2014. Unemployment, poverty, and inequality - among the highest in the world - remain a challenge. Official unemployment is roughly 25% of the work force, and runs significantly higher among black youth. Eskom, the state-run power company, is building three new power stations and is installing new power demand management programs to improve power grid reliability. Load shedding and resulting rolling blackouts gripped many parts of South Africa in late 2014 and early 2015 because of electricity supply constraints that resulted from technical problems at some generation units, unavoidable planned maintenance, and an accident at a power station in Mpumalanga province. The rolling black outs were the worst the country faced since 2008. Construction delays at two additional plants, however, mean South Africa will continue to operate on a razor thin margin; economists judge that growth cannot exceed 3% until electrical supply problems are resolved.
South Africa's economic policy has focused on controlling inflation; however, the country faces structural constraints that also limit economic growth, such as skills shortages, declining global competitiveness and frequent work stoppages due to strike action. The current government faces growing pressure from urban constituencies to improve the delivery of basic services to low-income areas and to increase job growth.
|
Source
: CIA |
comments
This is a well-established and well-connected company quoted on the JSE LTD affecting a large turnover. In View of the standing of the subject, it is considered equal to its normal business engagements.
COMPANY
INFORMATION
OVERVIEW
|
AFRICAN
OXYGEN LTD trading as AFROX was established in March 1972 and was History listed on the JSE as well as the Namibian
Stock Exchange at an unconfirmed date in 1963. |
|
|
Major
Operations or Business Sectors |
The
subject is involved in the manufacturing, wholesale and retail industries. |
|
Industry |
MANUFACTURE,
WHOLESALE & RETAIL |
|
SIC
Code(s) |
3929(Other
Manufacturing N. E. C.) |
STATUTORY
INFORMATION
|
Registered
Name |
AFRICAN OXYGEN LTD |
|
Trading
As |
AFROX |
|
Registration
Number |
1927/000089/06 |
|
Type
of Company |
Public
Company (Ltd) |
|
Registration
Date |
18/03/1927 |
|
Date
Commenced Trading |
03/1927 |
|
Commercial
Status |
In
Business |
CONTACT
DETAILS
|
Contact
Number +27 11 490 0400 |
|
|
|
Email
Address |
|
|
|
Fax
Number |
+27
11 490 0594/ +27 11 493 1580 |
|
|
Website |
|
|
|
Social
Media Presence |
Facebook;
Youtube |
|
|
Registered
Physical Address |
AFROX
HOUSE 23
WEBBER STREET SELBY Gauteng
2001 |
|
|
Trading
Physical Address |
Afrox
House, 23 Webber Street SELBY Gauteng
2001 |
|
|
Postal
Address |
P
O Box 5404 JOHANNESBURG Gauteng
2000 |
|
TAX
INFORMATION
|
Income
Tax Number |
9350042710 |
|
VAT
Number |
4120110541 |
AUDITORS
INFORMATION
|
Name |
KPMG
INC |
|
Contact
Person |
MR
GG STANIER |
|
Contact
Number |
+27
11 647 7111 |
INSURANCE
BROKER INFORMATION
Insurance Broker Name
MARSH
INSURANCE BROKERS
GENERAL
COMMENTS
Comments
Note- it was stated that the following
address: National Hard Goods Warehouse, 4-6 Chloor Street, Alrode, Gauteng
which was provided by our client belongs to Afrox National Warehouse for hard
goods and welding materials.
OWNERSHIP
STRUCTURE
SHAREHOLDING INFORMATION
|
Ultimate
Holding Company Name |
Ultimate
Holding Company Share (%) |
|
LINDE
AG (GERMANY) |
100% |
|
Holding
Company Name |
Holding
Company Share (%) |
|
BOC
HOLDINGS LTD (UK) |
50.47 |
|
Shareholders/Members |
Share/Interest
(%) |
|
AFROX
AFRICAN INVESTMENTS (PTY) LTD |
10 |
|
ABERDEEN
GLOBAL FUND |
8.01 |
|
GOVERNMENT
EMPLOYEES PENSION FUND |
5.55 |
|
STATE
STREET BANK |
3.86 |
|
ALLAN
GRAY INVESTMENT COUNCIL |
2.79 |
|
INVESTEC
ASSET MANAGEMENT (PTY) LTD |
1.47 |
ASSOCIATED
COMPANIES
|
Company
Name |
Relationship |
|
AWCE
(PTY) LTD |
SUBSIDIARY
(100%) |
|
AMALGAMATED
GAS AND WELDING (PTY) LTD |
SUBSIDIARY
(100%) |
|
AFROX
(PTY) LTD |
SUBSIDIARY
(100%) |
|
AFROX
ZAMBIA LTD |
SUBSIDIARY
(70%) |
|
AFROX
LESOTHO (PTY) LTD |
SUBSIDIARY
(100%) |
|
AFROX
MALAWI LTD |
SUBSIDIARY
(79%) |
GENERAL
COMMENTS
Comments
Further shareholding information were not made
available. The subject has approximately 33 subsidiary companies, listed below
are a few.
PRINCIPAL
INFORMATION
PRINCIPAL
DETAILS
|
Full
Name |
ID
No. |
Designation |
Status |
Date
of Appoint- ment |
Active
Interests |
Prev.
Interests |
Judg-
ments |
Fraud
Listing |
|
LILA
QANGULE, NOMFUNDO VUYISWA |
6709290617083 |
|
Active |
22/07/2014 |
11 |
29 |
0 |
0 |
|
GEARING,
RICHARD JOHN NEWTON |
6527089050000 |
|
Active |
23/08/2012 |
1 |
0 |
0 |
0 |
|
STRAUSS,
GUILLEAN JOHANN |
5805315069085 |
|
Active |
25/02/2015 |
5 |
26 |
0 |
0 |
|
THOMPSON,
NICHOLAS ALEXANDER |
5909275159181 |
|
Active |
01/04/2012 |
11 |
4 |
0 |
0 |
PRINCIPAL
DETAILS
|
Full
Name |
ID
No. |
Designation |
Status |
Date
of Appoint- ment |
Active
Interests |
Prev.
Interests |
Judg-
ments |
Fraud
Listing |
|
EULITZ,
BERND HUGO |
C4KHYXXCO |
|
Active |
28/05/2015 |
1 |
0 |
0 |
0 |
|
VENTER,
SCHALK MARTHINUS |
6609145129088 |
|
Active |
18/05/2015 |
3 |
36 |
0 |
0 |
|
WELLS,
CHRISTOPHER FRANK |
4910285163180 |
|
Active |
22/11/2012 |
24 |
12 |
0 |
0 |
|
SINGH,
CHERYL |
7607290098081 |
|
Active |
06/01/2014 |
4 |
7 |
0 |
0 |
|
VON
PLOTHO, MATHIAS |
7201130000000 |
|
Active |
20/05/2011 |
1 |
0 |
0 |
0 |
|
DEVERS,
DORIAN KEVIN THOMAS |
508481829 |
|
Active |
28/05/2015 |
1 |
0 |
0 |
0 |
|
MOKHELE,
KHOTSO DAVID KENNETH |
5509125749080 |
|
Active |
01/12/2005 |
10 |
11 |
0 |
0 |
|
WOODROW,
DYNES MICHAEL |
4710050000000 |
|
Resigned |
20/05/2010 |
0 |
1 |
0 |
0 |
|
KRUGER,
TJAART NICOLAAS |
6001285038081 |
|
Resigned |
01/04/2007 |
0 |
0 |
0 |
0 |
|
LOW,
CARNITA |
7504010169088 |
|
Resigned |
01/10/2010 |
0 |
0 |
0 |
0 |
|
MEDORI,
RENE |
5709230000000 |
|
Resigned |
27/07/2000 |
2 |
3 |
0 |
0 |
|
COTTRELL,
RICHARD GRAY |
3511265016082 |
|
Resigned |
28/09/2000 |
0 |
0 |
0 |
0 |
|
PITYANA,
SIPHO MILA |
5908215813089 |
|
Resigned |
01/12/2005 |
0 |
0 |
0 |
0 |
|
MACNAIR,
LINDSAY ARTHUR |
3810125041086 |
Director |
Resigned |
02/02/1989 |
0 |
0 |
0 |
0 |
|
STUART,
GLORIA JEAN |
5210300000000 |
|
Resigned |
31/07/2000 |
0 |
1 |
0 |
0 |
|
VICE,
ROYDEN THOMAS |
4611305009003 |
Director |
Resigned |
01/01/1993 |
0 |
0 |
0 |
0 |
|
VAN
ZYL, CORNELIS JOHANNES PETRUS GERHARD |
4706115080085 |
|
Resigned |
10/11/2003 |
0 |
0 |
0 |
0 |
|
MALEBYE,
MORONGWE |
7201130383083 |
|
Resigned |
24/12/2007 |
0 |
0 |
0 |
2 |
|
HOGBEN,
RICHARD LINDEN |
4603125128089 |
|
Resigned |
01/11/2001 |
0 |
0 |
0 |
0 |
|
MASEKO,
SIPHO NKOSINATHI |
6809225406089 |
|
Resigned |
22/11/2012 |
0 |
0 |
0 |
0 |
|
NOWICKI,
JURGEN |
6401040000000 |
|
Resigned |
02/04/2007 |
0 |
1 |
0 |
0 |
|
WALSH,
JOHN LAWRENCE |
5508100000000 |
|
Resigned |
02/08/2001 |
0 |
1 |
0 |
0 |
|
LAWRENCE,
DAVID MARTIN |
5104155013084 |
|
Resigned |
01/12/2005 |
0 |
0 |
0 |
0 |
|
MANJINGOLO,
MLAWULI MAYOR |
6804265444082 |
|
Resigned |
16/07/2007 |
0 |
0 |
0 |
0 |
|
BEATTIE,
DONALD FAQUHARSON |
431124 |
Director |
Resigned |
01/07/1996 |
0 |
1 |
0 |
0 |
|
MASTERS,
JERRY KENT |
6012250000000 |
|
Resigned |
01/04/2005 |
0 |
1 |
0 |
0 |
|
MARRIOTT,
JAMES MURRAY |
4206085092004 |
Director |
Resigned |
02/02/1995 |
0 |
0 |
0 |
0 |
|
SANZ,
MARIA ESPERANZA |
6508090659182 |
|
Resigned |
03/07/2007 |
0 |
0 |
0 |
0 |
PRINCIPAL
DETAILS
|
Full
Name |
ID
No. |
Designation |
Status |
Date
of Appoint- ment |
Active
Interests |
Prev.
Interests |
Judg-
ments |
Fraud
Listing |
|
KOTZEE,
FREDERICK THEUNIS |
7202105092089 |
|
Resigned |
01/04/2010 |
0 |
0 |
0 |
0 |
|
FERGUSON,
ALAN MURRAY |
500237209 |
|
Resigned |
03/10/2005 |
0 |
1 |
0 |
0 |
|
HUGGON,
MICHAEL STEWART |
6809220000000 |
|
Resigned |
04/11/2011 |
0 |
1 |
0 |
0 |
|
WATKINS,
ALAN MICHAEL |
6510200000000 |
|
Resigned |
02/04/2007 |
0 |
0 |
0 |
0 |
|
ISAAC,
ANTHONY ERIC |
4111240000000 |
Director |
Resigned |
01/11/1994 |
1 |
2 |
0 |
0 |
|
FLEMMING,
CECIL MICHAEL DOUGLAS |
5702125098083 |
|
Resigned |
01/11/2001 |
0 |
0 |
0 |
0 |
|
VAN
NIEKERK, LOUIS LOURENS |
5001195076081 |
|
Resigned |
24/02/2005 |
0 |
0 |
0 |
0 |
|
MARQUES,
VANESSA |
7703280112089 |
|
Resigned |
01/03/2005 |
0 |
0 |
0 |
0 |
|
KIMBER,
BRETT DIXON |
6012155099087 |
|
Resigned |
01/01/2012 |
0 |
0 |
0 |
0 |
|
SEDGWICK,
GREGORY LEO |
6103150000000 |
|
Resigned |
26/06/2001 |
0 |
2 |
0 |
0 |
|
ROSENKRANZ,
FRANKLIN DANIEL |
450528 |
Director |
Resigned |
18/08/1998 |
0 |
1 |
0 |
0 |
|
WATKINS,
ALAN MICHAEL |
6510210000000 |
|
Resigned |
02/04/2007 |
0 |
1 |
0 |
0 |
|
ADAMS,
MOGAMAD NAZMIE |
6102225164084 |
|
Resigned |
11/05/2007 |
0 |
0 |
0 |
0 |
|
CULLENS,
ALAN JAMES |
6309260000000 |
|
Resigned |
29/04/2005 |
0 |
1 |
0 |
0 |
|
SIBIYA,
GORDON SANDILE |
4604295492081 |
Director |
Resigned |
02/02/1995 |
0 |
0 |
0 |
0 |
|
THOMSON,
NICHOLAS ALEXANDER |
5909275159181 |
|
Resigned |
01/04/2012 |
11 |
4 |
0 |
0 |
|
ROWELL,
MICHAEL GUY |
6110135032085 |
|
Resigned |
31/12/2002 |
0 |
0 |
0 |
0 |
|
OLIVER,
KAREN JACQUELINE |
6312110174086 |
|
Resigned |
28/12/2007 |
0 |
0 |
0 |
0 |
|
MOHAPI,
EDITH QENTSO |
4604210123183 |
Director |
Resigned |
30/01/2001 |
0 |
0 |
0 |
0 |
|
LOUREY,
ROBERT KEVIN |
5703190000000 |
|
Resigned |
27/07/2000 |
0 |
3 |
0 |
0 |
|
RILEY,
DEREK BRIAN |
3008255003006 |
Director |
Resigned |
31/01/2001 |
0 |
0 |
0 |
0 |
|
DEEMING,
NICHOLAS |
5402250000000 |
|
Resigned |
22/06/2001 |
0 |
0 |
0 |
0 |
|
NARAYADOO,
JONATHAN |
5808265106089 |
|
Resigned |
01/12/2009 |
0 |
0 |
0 |
0 |
|
MATTHEE,
IVOR MICHAEL |
5205075071084 |
|
Resigned |
17/01/1994 |
0 |
0 |
0 |
0 |
|
SEEDAT,
AYESHA |
7404010055082 |
|
Resigned |
01/02/2010 |
0 |
0 |
0 |
0 |
|
SHOOK,
DANIEL JAMES |
6705200000000 |
|
Resigned |
29/04/2005 |
0 |
1 |
0 |
0 |
|
STRAUSS,
CONRAD BAREND |
3601175003005 |
Director |
Resigned |
01/02/1996 |
0 |
0 |
0 |
0 |
PRINCIPAL
DETAILS
|
Full
Name |
ID
No. |
Designation |
Status |
Date
of Appoint- ment |
Active
Interests |
Prev.
Interests |
Judg-
ments |
Fraud
Listing |
|
LOUREY,
ROBERT KEVIN |
570319 |
|
Resigned |
26/06/2001 |
0 |
3 |
0 |
0 |
|
FORD,
JAMES ALEXANDER |
4801240000000 |
|
Resigned |
01/04/2005 |
0 |
1 |
0 |
0 |
ACTIVE
BUSINESS INTERESTS
ACTIVE
BUSINESS INTERESTS: CHERYL SINGH
|
Company
Name |
Registration
No. |
Business
Status |
Principle
Status |
Judgments |
|
BOARD
OF REALTORS |
1990/007365/06 |
Deregistration
Final |
Active |
0 |
|
REAL
ESTATE MULTI LISTING SERVICES S A |
1984/009849/06 |
Deregistration
Final |
Active |
0 |
|
ROGOFF
RAND INVESTMENTS |
1948/029305/07 |
Deregistration
Final |
Active |
0 |
ACTIVE
BUSINESS INTERESTS: CHRISTOPHER FRANK WELLS
|
Company
Name |
Registration
No. |
Business
Status |
Principle
Status |
Judgments |
|
BONNY
BIRD FARMS (CISKEI) (PTY) LTD |
1973/097108/10 |
Deregistration
Final |
Active |
0 |
|
BUMPERPROPS
1010 |
1995/051100/23 |
Deregistration
Final |
Active |
0 |
|
CHARIS
TRADING |
2003/064570/23 |
In
Business |
Active |
0 |
|
DEBCHRIS
INVESTMENTS |
1998/054457/23 |
AR
Final deregistration |
Active |
0 |
|
EPOL |
1992/070291/10 |
Deregistration
Final |
Active |
0 |
|
IFS
AFRICA EXPORT |
2005/033914/07 |
In
Business |
Active |
0 |
|
IMBEWU
SPV 5 (RF) |
2011/120721/07 |
In
Business |
Active |
0 |
|
IMBEWU
SPV 6 (RF) |
2011/120715/07 |
In
Business |
Active |
0 |
|
INTERNATIONAL
FACILITIES SERVICES SOUTH AFRICA |
2005/031201/07 |
In
Business |
Active |
0 |
|
MCCARTHY
GROUP |
1936/008191/06 |
Voluntary
Liquidation |
Active |
0 |
|
NEWSHELF
697 |
2002/027157/07 |
AR
Final deregistration |
Active |
0 |
|
OAKBROOK
HOLDINGS |
2009/003338/07 |
In
Business |
Active |
0 |
|
PACIFIC
HEIGHTS INVESTMENTS 191 |
2008/008364/07 |
In
Business |
Active |
0 |
|
PHIL
FOUR EIGHT |
2010/012178/07 |
In
Business |
Active |
0 |
ACTIVE
BUSINESS INTERESTS: CHRISTOPHER FRANK WELLS
|
Company
Name |
Registration
No. |
Business
Status |
Principle
Status |
Judgments |
|
RETAIL
APPAREL GROUP |
1946/021937/06 |
Provisional
Liquidation |
Active |
0 |
|
SITE
SERVICES PROPERTY |
2006/027907/07 |
In
Business |
Active |
0 |
|
SOUTHERN
AFRICAN AIRLINE HOLDINGS |
1991/000325/07 |
Deregistration
Final |
Active |
0 |
|
STRATONE
INVESTMENTS 1001 |
2015/152244/07 |
In
Business |
Active |
0 |
|
STRATONE
INVESTMENTS 1002 |
2015/159252/07 |
In
Business |
Active |
0 |
|
STRATONE
INVESTMENTS 1002 |
2015/159252/07 |
In
Business |
Active |
0 |
|
THE
SPAR GROUP |
1967/001572/06 |
In
Business |
Active |
1 |
|
TP
HENTIQ 6295 |
2010/008908/07 |
AR
Deregistration Process |
Active |
0 |
|
TRANSPOINT
PROPERTIES |
1994/001447/07 |
AR
Final deregistration |
Active |
0 |
ACTIVE
BUSINESS INTERESTS: GUILLEAN JOHANN STRAUSS
|
Company
Name |
Registration
No. |
Business
Status |
Principle
Status |
Judgments |
|
GORDONIA
WINKELS |
1985/009858/23 |
Deregistration
Final |
Active |
0 |
|
HARTEBEES
HUIS BELEGGINGS |
2000/061071/23 |
Deregistration
Final |
Active |
0 |
|
POLYFOS |
1967/000716/07 |
Dissolved |
Active |
0 |
|
SMX
NORTHWEST |
1991/070398/07 |
Dissolved |
Active |
0 |
ACTIVE
BUSINESS INTERESTS: KHOTSO DAVID KENNETH MOKHELE
|
Company
Name |
Registration
No. |
Business
Status |
Principle
Status |
Judgments |
|
821
WENDYWOOD EXTENSION
2 |
1990/008772/23 |
AR
Final deregistration |
Active |
0 |
|
HANS
MERENSKY HOLDINGS |
1949/033497/07 |
In
Business |
Active |
0 |
|
IMPALA
PLATINUM HOLDINGS |
1957/001979/06 |
In
Business |
Active |
0 |
|
KAREBO
ENERGY MANAGEMENT |
1999/000146/07 |
Deregistration
Final |
Active |
0 |
|
KENOSI
INVESTMENT HOLDINGS |
2008/004005/07 |
In
Business |
Active |
0 |
|
MAPITSO
CONSORTIUM INVESTMENTS |
2009/006501/07 |
AR
Final deregistration |
Active |
0 |
|
MAPITSO
FUNDING SPV |
2009/008318/07 |
AR
Final deregistration |
Active |
0 |
|
SAILING
QUEEN INVESTMENTS 127 |
2006/217151/23 |
In
Business |
Active |
0 |
|
TIGER
BRANDS |
1944/017881/06 |
In
Business |
Active |
1 |
ACTIVE
BUSINESS INTERESTS: NICHOLAS ALEXANDER THOMPSON
|
Company
Name |
Registration
No. |
Business
Status |
Principle
Status |
Judgments |
|
AFROX
SAFETY |
1918/005567/07 |
In
Business |
Active |
0 |
|
BARGENEL
INVESTMENTS |
1971/011041/06 |
In
Business |
Active |
0 |
|
CBI-ELECTRIC
ABERDARE ATC TELECOM CABLES |
1967/005978/07 |
In
Business |
Active |
0 |
ACTIVE
BUSINESS INTERESTS: NICHOLAS ALEXANDER THOMPSON
|
Company
Name |
Registration
No. |
Business
Status |
Principle
Status |
Judgments |
|
QUINCE
CAPITAL |
1972/000393/07 |
In
Business |
Active |
0 |
|
REBATONA
INVESTMENT HOLDINGS |
2006/031544/07 |
In
Business |
Active |
0 |
|
REUNERT |
1913/004355/06 |
In
Business |
Active |
0 |
|
REUNERT
EXECUTIVE SERVICES |
1950/037924/07 |
In
Business |
Active |
0 |
|
REUNERT
FINANCE COMPANY |
1981/006913/07 |
In
Business |
Active |
0 |
|
REUNERT
MANAGEMENT SERVICES |
1980/007949/07 |
In
Business |
Active |
0 |
|
STERKSPRUIT
HOLDINGS |
1992/005627/07 |
In
Business |
Active |
0 |
ACTIVE
BUSINESS INTERESTS: NOMFUNDO VUYISWA LILA QANGULE
|
Company
Name |
Registration
No. |
Business
Status |
Principle
Status |
Judgments |
|
BLUE
BEACON INVESTMENTS 183 |
2007/030449/07 |
AR
Final deregistration |
Active |
0 |
|
HANS
MERENSKY HOLDINGS |
1949/033497/07 |
In
Business |
Active |
0 |
|
HANS
MERENSKY HOLDINGS |
1949/033497/07 |
In
Business |
Active |
0 |
|
INYANGA
TRADING 526 |
2007/005428/07 |
AR
Final deregistration |
Active |
0 |
|
REBOSIS
PROPERTY FUND |
2010/003468/06 |
In
Business |
Active |
0 |
|
ROYALE
ENERGY |
2003/011910/07 |
In
Business |
Active |
0 |
|
ROYALE
ENERGY |
2003/011910/06 |
In
Business |
Active |
1 |
|
TURQUOISE
MOON TRADING 551 |
2007/007072/07 |
AR
Final deregistration |
Active |
0 |
|
VIVA
OIL |
1996/013007/07 |
In
Business |
Active |
0 |
|
ZARIA
MINING |
2006/033265/07 |
AR
Deregistration Process |
Active |
0 |
ACTIVE
BUSINESS INTERESTS: SCHALK MARTHINUS VENTER
|
Company
Name |
Registration
No. |
Business
Status |
Principle
Status |
Judgments |
|
AFRICAN
EXPLOSIVES HOLDINGS |
1994/000151/07 |
In
Business |
Active |
0 |
|
DETNET
SOUTH AFRICA |
2004/004862/07 |
In
Business |
Active |
0 |
PREVIOUS
BUSINESS INTERESTS
PREVIOUS
BUSINESS INTERESTS: CHERYL SINGH
|
Company
Name |
Registration
No. |
Business
Status |
Principle
Status |
Judgments |
|
ABSA
SECRETARIAL SERVICES |
1973/014516/07 |
In
Business |
Resigned |
0 |
|
ALEXKOR |
1992/006368/30 |
In
Business |
Resigned |
0 |
|
ARCELORMITTAL
SOUTH AFRICA |
1989/002164/06 |
In
Business |
Resigned |
0 |
|
FALCON
RIDGE CARRIERS AND CONSTRUCTION |
1988/013195/23 |
AR
Final deregistration |
Resigned |
2 |
|
PEBBLE
BED MODULAR REACTOR |
1999/017946/30 |
In
Business |
Resigned |
0 |
|
VANDERBIJL
PARK ESTATE COMPANY |
1944/018305/08 |
In
Business |
Resigned |
0 |
PREVIOUS
BUSINESS INTERESTS: CHERYL SINGH
|
Company
Name |
Registration
No. |
Business
Status |
Principle
Status |
Judgments |
|
VICVA
INVESTMENTS AND TRADING NINE |
2000/011081/07 |
In
Business |
Resigned |
0 |
PREVIOUS
BUSINESS INTERESTS: CHRISTOPHER FRANK WELLS
|
Company
Name |
Registration
No. |
Business
Status |
Principle
Status |
Judgments |
|
ELLERINE
PERSONAL FINANCE |
1999/002317/07 |
Voluntary
Liquidation |
Resigned |
0 |
|
ELLERINE
RETAIL |
1937/010108/06 |
In
Business |
Resigned |
0 |
|
ELLERINE
TRADING |
1990/006377/07 |
Voluntary
Liquidation |
Resigned |
0 |
|
FIRST
READY DEVELOPMENT 430 |
2002/014179/08 |
In
Business |
Resigned |
0 |
|
FNB
RELYANT LOANS |
2001/010031/07 |
Voluntary
Liquidation |
Resigned |
0 |
|
GELLIEHOLD |
1997/020335/06 |
Deregistration
Final |
Resigned |
0 |
|
MCCARTHY |
1991/003245/06 |
In
Business |
Resigned |
2 |
|
RCL
FOODS TREASURY |
1983/002520/07 |
In
Business |
Resigned |
0 |
|
SETHANI
(RF) |
2002/017720/08 |
In
Business |
Resigned |
0 |
|
TRANSNET |
1990/000900/30 |
In
Business |
Resigned |
0 |
|
VESQUE |
1997/020333/06 |
Deregistration
Final |
Resigned |
0 |
|
WORLD
CHANGERS ACADEMY |
2004/024889/08 |
In
Business |
Resigned |
0 |
PREVIOUS
BUSINESS INTERESTS: GUILLEAN JOHANN STRAUSS
|
Company
Name |
Registration
No. |
Business
Status |
Principle
Status |
Judgments |
|
AFRICAN
AMINES |
1993/004577/07 |
In
Business |
Resigned |
0 |
|
CHEMCITY |
1964/004881/07 |
Deregistered
- Merger |
Resigned |
0 |
|
NATIONAL
PETROLEUM REFINERS OF SOUTH AFRICA |
1967/012994/07 |
In
Business |
Resigned |
0 |
|
PRIMA
LANDGOED |
1989/002335/07 |
In
Business |
Resigned |
0 |
|
REPUBLIC
OF MOZAMBIQUE PIPELINE INVESTMENTS COMPANY |
2000/013994/07 |
In
Business |
Resigned |
0 |
|
SASOL
AFRICA |
1997/014694/07 |
In
Business |
Resigned |
0 |
|
SASOL
DYNO NOBEL |
1992/000103/07 |
In
Business |
Resigned |
0 |
|
SASOL
GAS |
1964/006005/07 |
In
Business |
Resigned |
0 |
|
SASOL
GAS HOLDINGS |
2000/013669/07 |
In
Business |
Resigned |
0 |
|
SASOL
GAS HOLDINGS |
2000/013669/07 |
In
Business |
Resigned |
0 |
|
SASOL
HOLDINGS (USA) |
1997/013349/07 |
In
Business |
Resigned |
0 |
|
SASOL
MIDDLE EAST AND INDIA |
1997/013426/07 |
In
Business |
Resigned |
0 |
PREVIOUS
BUSINESS INTERESTS: GUILLEAN JOHANN STRAUSS
|
Company
Name |
Registration
No. |
Business
Status |
Principle
Status |
Judgments |
|
SASOL
MINING INITIATORS |
1997/001425/07 |
Deregistered
- Merger |
Resigned |
0 |
|
SASOL
MINING INITIATORS AFRICA |
2000/008144/07 |
Deregistered
- Merger |
Resigned |
0 |
|
SASOL
NEW ENERGY HOLDINGS |
2009/000331/07 |
In
Business |
Resigned |
0 |
|
SASOL
NITRO |
1963/001165/07 |
Deregistered
- Merger |
Resigned |
0 |
|
SASOL
NITRO (MINERALS) |
1961/000919/07 |
Voluntary
Liquidation |
Resigned |
0 |
|
SASOL
OIL |
1981/007622/07 |
In
Business |
Resigned |
0 |
|
SASOL
PETROLEUM CONGO |
1995/003545/06 |
Deregistration
Final |
Resigned |
0 |
|
SASOL
SOUTH AFRICA |
1968/013914/07 |
In
Business |
Resigned |
0 |
|
SASOL
SYNFUELS HOLDINGS |
2008/010562/07 |
Deregistration
Final |
Resigned |
0 |
|
SASOL
TECHNOLOGY |
1966/000452/07 |
In
Business |
Resigned |
0 |
|
SMI
TECHNOLOGY |
1995/013754/07 |
In
Business |
Resigned |
0 |
|
SPRING
LIGHTS GAS |
2002/000645/07 |
In
Business |
Resigned |
0 |
|
THE
MINERALS AND ENERGY POLICY CENTRE |
1995/001842/08 |
Dissolved |
Resigned |
0 |
|
TOSAS |
1971/011973/07 |
In
Business |
Resigned |
0 |
PREVIOUS
BUSINESS INTERESTS: KHOTSO DAVID KENNETH MOKHELE
|
Company
Name |
Registration
No. |
Business
Status |
Principle
Status |
Judgments |
|
ADCOCK
INGRAM HOLDINGS |
2007/016236/06 |
In
Business |
Resigned |
0 |
|
ARCELORMITTAL
SOUTH AFRICA |
1989/002164/06 |
In
Business |
Resigned |
0 |
|
BATIKI INVESTMENTS |
2003/005506/07 |
AR
Final deregistration |
Resigned |
0 |
|
DENEL |
1992/001337/30 |
In
Business |
Resigned |
0 |
|
GENBEL
SOUTH AFRICA |
1949/032379/07 |
In
Business |
Resigned |
0 |
|
MOSSIE
HOLDINGS |
1997/010704/07 |
AR
Final deregistration |
Resigned |
0 |
|
REACH
AND TEACH |
1995/010559/08 |
AR
Deregistration Process |
Resigned |
0 |
|
SALT
FOUNDATION |
2000/008384/07 |
In
Business |
Resigned |
0 |
|
SPECIALISED
PROTEIN PRODUCTS |
1997/010298/07 |
In
Business |
Resigned |
0 |
|
TOGAY
INVESTMENTS |
2002/012257/07 |
AR
Final deregistration |
Resigned |
0 |
|
WANDILE
BIOSCIENCES |
1997/016433/07 |
AR
Final deregistration |
Resigned |
1 |
PREVIOUS
BUSINESS INTERESTS: NICHOLAS ALEXANDER THOMPSON
|
Company
Name |
Registration
No. |
Business
Status |
Principle
Status |
Judgments |
|
AFRICAN
OXYGEN |
1927/000089/06 |
In
Business |
Resigned |
0 |
|
AFROX |
1968/004202/07 |
In
Business |
Resigned |
0 |
PREVIOUS
BUSINESS INTERESTS: NICHOLAS ALEXANDER THOMPSON
|
Company
Name |
Registration
No. |
Business
Status |
Principle
Status |
Judgments |
|
AFROX
AFRICAN INVESTMENTS |
2005/010736/07 |
In
Business |
Resigned |
0 |
|
AFROX
PROPERTIES |
1969/004555/07 |
In
Business |
Resigned |
0 |
PREVIOUS
BUSINESS INTERESTS: NOMFUNDO VUYISWA LILA QANGULE
|
Company
Name |
Registration
No. |
Business
Status |
Principle
Status |
Judgments |
|
AU-THENTIC
BEVERAGES |
1999/012337/07 |
AR
Deregistration Process |
Resigned |
0 |
|
BRACKEN
MINES |
1959/001126/06 |
Final
Liquidation |
Resigned |
0 |
|
COGENT |
1977/001400/07 |
Dissolved |
Resigned |
0 |
|
CORELAND
PROPERTY DEVELOPMENT COMPANY |
2006/039104/07 |
In
Business |
Resigned |
0 |
|
CORELAND
PROPERTY INVESTMENT COMPANY |
2006/039120/07 |
In
Business |
Resigned |
0 |
|
CORELAND
PROPERTY MANAGEMENT COMPANY |
2006/037874/07 |
In
Business |
Resigned |
0 |
|
CS
COMPUTER SERVICES HOLDINGS |
1996/015131/06 |
In
Business |
Resigned |
0 |
|
EVANDER
GOLD MINES |
1963/006226/06 |
In
Business |
Resigned |
0 |
|
EVANDER
STONE HOLDINGS |
1971/005180/07 |
In
Business |
Resigned |
0 |
|
EVANDER
TOWNSHIP |
1955/003607/06 |
In
Business |
Resigned |
0 |
|
EVANDER
TOWNSHIP DEVELOPMENT |
1899/001642/06 |
In
Business |
Resigned |
0 |
|
FREEGOLD
(HARMONY) |
2001/029602/07 |
In
Business |
Resigned |
0 |
|
HARMONY
GOLD (MANAGEMENT SERVICES) |
1999/004358/07 |
In
Business |
Resigned |
0 |
|
HARMONY
GOLD MINING COMPANY |
1950/038232/06 |
In
Business |
Resigned |
0 |
|
HARMONY
HIV-AIDS COMPANY |
2006/029570/07 |
AR
Final deregistration |
Resigned |
0 |
|
JASCO
ENERGY AND INDUSTRY SOLUTIONS |
1987/001083/07 |
In
Business |
Resigned |
0 |
|
JEANNETTE
GOLD MINES |
1950/039723/06 |
In
Business |
Resigned |
0 |
|
LA
RIVIERA |
1962/002387/07 |
In
Business |
Resigned |
0 |
|
LESLIE
GOLD MINES |
1959/001124/06 |
AR
Deregistration Process |
Resigned |
0 |
|
LIKO'S |
2002/010345/23 |
AR
Deregistration Process |
Resigned |
0 |
|
POTCHEFSTROOM
GOLD AREAS |
1985/004450/06 |
In
Business |
Resigned |
0 |
|
POTCHEFSTROOM
GOLD HOLDINGS |
1985/004909/07 |
In
Business |
Resigned |
0 |
|
QUARRYTOWN |
1980/002597/06 |
In
Business |
Resigned |
0 |
|
RANDFONTEIN
ESTATES |
1889/000251/06 |
In
Business |
Resigned |
0 |
|
SALT
HOLDINGS |
1948/031164/06 |
Final
Liquidation |
Resigned |
0 |
|
THE
KUNANA MINING COMPANY |
1981/070032/07 |
Dissolved |
Resigned |
0 |
PREVIOUS
BUSINESS INTERESTS: NOMFUNDO VUYISWA LILA QANGULE
|
Company
Name |
Registration
No. |
Business
Status |
Principle
Status |
Judgments |
|
THE
RAND MUTUAL ASSURANCE COMPANY |
1899/000876/06 |
In
Business |
Resigned |
0 |
|
VIRGINIA
SALVAGE |
1980/009960/07 |
AR
Deregistration Process |
Resigned |
0 |
|
VIVA
OIL |
1996/013007/07 |
In
Business |
Resigned |
0 |
PREVIOUS
BUSINESS INTERESTS: SCHALK MARTHINUS VENTER
|
Company
Name |
Registration
No. |
Business
Status |
Principle
Status |
Judgments |
|
ACACIA
REAL ESTATE |
1970/000117/07 |
In
Business |
Resigned |
0 |
|
AEL
HOLDCO |
2002/013171/06 |
In
Business |
Resigned |
0 |
|
AEL
MINING SERVICES |
1973/008610/06 |
In
Business |
Resigned |
0 |
|
AKULU
CHEMICALS |
1975/003498/07 |
In
Business |
Resigned |
0 |
|
AKULU-MARCHON |
1980/000046/07 |
In
Business |
Resigned |
0 |
|
APPLIED
AGRICULTURAL PRODUCTS |
1982/007922/07 |
In
Business |
Resigned |
0 |
|
ATLAS
CONSOLIDATED INDUSTRIES |
1972/002107/07 |
In
Business |
Resigned |
0 |
|
CHEMFIT |
1988/001467/07 |
In
Business |
Resigned |
0 |
|
CHEMFIT
FINE CHEMICALS |
1996/015579/07 |
In
Business |
Resigned |
0 |
|
CHEMFIT
PROCESS ADDITIVES |
1995/010381/07 |
In
Business |
Resigned |
0 |
|
CHEMFIT
SPECIALITY CHEMICALS |
1996/015335/07 |
In
Business |
Resigned |
1 |
|
CHEMFIT
TECHNICAL PRODUCTS |
1997/016579/07 |
In
Business |
Resigned |
0 |
|
CHEMICAL
SERVICES |
1967/003338/06 |
In
Business |
Resigned |
0 |
|
CHEMSERVE |
1963/001227/07 |
In
Business |
Resigned |
0 |
|
CHEMSERVE
COLLOIDS |
1964/001683/07 |
Deregistration
Final |
Resigned |
0 |
|
CHEMSERVE
FINE CHEMICALS |
1963/007551/07 |
In
Business |
Resigned |
0 |
|
CHEMSERVE
MINERAL PROCESSORS |
1970/010573/07 |
Deregistration
Final |
Resigned |
0 |
|
CHEMSERVE
POLYMER SCIENCES |
1966/011385/07 |
In
Business |
Resigned |
0 |
|
CHEMSERVE
SPECIALITIES |
1977/000242/07 |
Deregistration
Final |
Resigned |
0 |
|
CHEMSERVE
WATER SCIENCES |
1981/000945/07 |
In
Business |
Resigned |
0 |
|
CHEMURGY
PRODUCTS |
1989/002930/07 |
Deregistration
Final |
Resigned |
0 |
|
CLP
INVESTMENTS NO 20 |
2005/019015/07 |
Deregistration
Final |
Resigned |
0 |
|
CREST
CHEMICALS |
1952/001517/07 |
In
Business |
Resigned |
0 |
|
DUNROSE
INVESTMENTS 148 |
2002/011262/07 |
In
Business |
Resigned |
0 |
|
EFFLUENT
CONTROL |
1986/003870/07 |
In
Business |
Resigned |
0 |
|
ENTITY
INVESTMENTS |
1987/002081/07 |
In
Business |
Resigned |
0 |
PREVIOUS
BUSINESS INTERESTS: SCHALK MARTHINUS VENTER
|
Company
Name |
Registration
No. |
Business
Status |
Principle
Status |
Judgments |
|
GOUWS
AND SCHEEPERS |
1954/003213/07 |
In
Business |
Resigned |
0 |
|
INDUSTRIAL
URETHANES |
1974/003159/07 |
In
Business |
Resigned |
0 |
|
NULANDIS |
1972/013867/07 |
In
Business |
Resigned |
0 |
|
PLASTAMID |
1968/006620/07 |
In
Business |
Resigned |
0 |
|
PLASTAMID
MANUFACTURING |
1965/003001/07 |
In
Business |
Resigned |
0 |
|
RESINKEM |
1973/009008/07 |
In
Business |
Resigned |
0 |
|
S
A SILICONE PRODUCTS |
1969/007697/07 |
Deregistration
Final |
Resigned |
0 |
|
SILICONE
SERVICES |
1984/010799/07 |
Deregistration
Final |
Resigned |
0 |
|
SKYPROPS
22 |
1998/007532/07 |
In
Business |
Resigned |
0 |
|
1971/011576/07 |
In
Business |
Resigned |
0 |
BANK
ACCOUNT VERIFICATION
|
Verified |
Yes |
|
Bank
Name |
FIRST
NATIONAL BANK |
|
Account
Holder |
AFRICAN
OXYGEN LTD |
GENERAL
COMMENTS
Comments
The
subject utilises ABSA Bank as well however, details for both accounts were not
made available
OPERATIONS
MAJOR
OPERATIONS
|
Major Business Activities |
The
subject is involved in the manufacture, wholesale and retail of various
market gases, welding products, fluid handling systems and a wide range of
specialised high technology industrial products. Note-
The gases are used in various applications such as freezing, chilling, food
preparation, in fire extinguishers and water purification, as deodorant and
insecticide propellants and air-conditioning systems. The welding products
are equally popular. Virtually every piece of metal work in Southern Africa
is welded, brazed or cut using electrodes, wires, gas cutting equipment and
machines which the subject manufactures. |
|
Foreign
Trade Activities |
The
subject imports and exports products worldwide however, the exact details
were not made available. |
|
Major
Suppliers |
It
was stated that the subject manufactures their own products and has a small
amount of suppliers oversea's however, they deal locally with: ENGEN
CHEVRON PETROSA SASOL |
|
Major
Customers |
Healthcare
Industries Restaurants Government Industries Engineering Industries
Manufacturing Industries |
|
Major
Brands |
The
subject has approximately 95 brand name products which are owned. Please see
a few of the following brand names listed below: Afroxpac
Afrox Afrolux Gas
& Gear Filmax Nimrod |
Branch information
Area of Distribution National
PREMISES
EMPLOYEES
Not
Available
GENERAL
COMMENTS
Comments
The subject operates in 10 countries within Southern
Africa however, the exact details were not made available.
The manufacturing of the gases & products
takes place in 41 different sites throughout Africa and in addition to this,
the subject runs 5 more sites for its parent company.
The subject has between 3000 & 3500
employees however, the exact breakdown was not made available.
FINANCING
TERMS
|
Sales
Terms |
Progress
payments,30 days,60 days,90 days, |
|
Date
Obtained |
03
December 2015 |
|
Year
End |
February |
GENERAL
COMMENTS
Further details with regards to financing
terms were not made available. Depending on the clients requirements, various
sales terms are offered.
Note- The subjects financial year end was
previously in December however, as of 2015 this has changed to February.
FINANCIAL
FIGURES
Currency ZAR
Actual
numbers, 000' or mio Actual Numbers
INCOME
STATEMENT
|
|
Current
Financial Year (est) |
Previous
Financial Year |
Prior
Financial Year |
|
Turnover/Revenue |
5,834,000,000 |
5,825,000,000 |
|
|
Operating
Profit |
96,000,000 |
324,000,000 |
|
BALANCE
SHEET
Assets
|
|
Current
Financial Year (est) |
Previous
Financial Year |
|
Current
Assets |
2,090,000,000 |
2,213,000,000 |
|
--Inventory/Stock |
634,000,000 |
850,000,000 |
|
--Accounts Receivable/Debtors |
849,000,000 |
906,000,000 |
|
--Cash |
526,000,000 |
380,000,000 |
|
Fixed
Assets/Investments |
3,819,000,000 |
3,794,000,000 |
|
--Property,
Plant and Equipment |
3,166,000,000 |
3,034,000,000 |
|
Total
Assets |
5,909,000,000 |
6,007,000,000 |
Liabilities
|
Current
Liabilities |
1,350,000,000 |
1,198,000,000 |
|
--Accounts
Payable/Creditors |
197,000,000 |
34,000,000 |
|
--Overdraft |
29,000,000 |
26,000,000 |
|
Long
Term Liabilities |
1,512,000,000 |
1,570,000,000 |
|
Equity |
3,047,000,000 |
3,239,000,000 |
|
Total
Liabilities |
5,909,000,000 |
6,007,000,000 |
TRADE
REFERENCES
TRADE
REFERENCE ANALYTICS
|
#
of Trade Refs in the last 3 years |
Overall
Trade Score |
Average
Usage of Terms |
Average Monthly Purchase |
Average
Usage of Credit Limit |
|
14 |
0% |
0% |
|
0% |
TRADE
REFERENCES
|
Trade
Ref # |
Date |
Trade
Score 2
= best 0
= worst |
Terms
Given (Taken) in days |
Monthly
Limit Given (Taken) |
Account
Opened years |
Payment
Trend (prev.
3 years) |
Acc.
Insured |
Notes |
||
|
Ref
5 |
07/01/2014 |
N/A |
see
notes (see notes) |
Declined
() |
|
- |
- |
- |
Unknown |
Declined,
as it is against the company's policy to provide trade references. |
|
Ref
6 |
07/01/2014 |
N/A |
see
notes (see notes) |
Declined
() |
|
- |
- |
- |
Unknown |
Declined,
as it is against the company's policy to provide trade references. |
|
Ref
7 |
07/01/2014 |
N/A |
see
notes (see notes) |
Declined
() |
|
- |
- |
- |
Unknown |
Declined,
as it is against the company's policy to provide trade references. |
|
Ref
10 |
01/09/2013 |
N/A |
see
notes (see notes) |
Declined
() |
|
- |
- |
- |
Unknown |
Declined,
as it is against the company's policy to provide trade references. |
|
Ref
11 |
01/09/2013 |
N/A |
|
Declined
() |
|
- |
- |
- |
Unknown |
Declined,
as it is against the company's policy to provide trade references. |
|
Ref
8 |
01/09/2013 |
N/A |
see
notes (see notes) |
Declined
() |
|
- |
- |
- |
Unknown |
Declined,
as it is against the company's policy to provide trade references. |
|
Ref
9 |
01/09/2013 |
N/A |
Other
(see notes) |
Declined
() |
|
- |
- |
- |
Unknown |
Declined,
as it is against the company's policy to provide trade references. |
|
Trade
Ref # |
Date |
Trade
Score 2
= best 0
= worst |
Terms
Given (Taken) in days |
Monthly
Limit Given (Taken) |
Account
Opened years |
Payment
Trend (prev.
3 years) |
Acc.
Insured |
Notes |
|
|
|
Ref
12 |
01/11/2012 |
N/A |
see
notes (see notes) |
Declined
() |
|
- |
- |
- |
Unknown |
Declined,
as it is against the company's policy to provide trade references. |
|
Ref
13 |
01/11/2012 |
N/A |
see
notes (see notes) |
Declined
() |
|
- |
- |
- |
Unknown |
Declined,
as it is against the company's policy to provide trade references. |
|
Ref
14 |
01/11/2012 |
N/A |
see
notes () |
Declined
() |
|
- |
- |
- |
Unknown |
Declined,
as it is against the company's policy to provide trade references. |
|
Ref
1 |
03/12/2015 |
N/A |
see
notes (see notes) |
Declined
() |
|
- |
- |
- |
Unknown |
Declined,
as it is against the company's policy to provide trade references. |
|
Ref
2 |
03/12/2015 |
N/A |
see
notes (see notes) |
Declined
() |
|
- |
- |
- |
Unknown |
Declined,
as it is against the company's policy to provide trade references. |
|
Ref
3 |
03/12/2015 |
N/A |
see
notes (see commen ts below) |
Declined
() |
|
- |
- |
- |
Unknown |
Declined,
as it is against the company's policy to provide trade references. |
|
Ref
4 |
03/12/2015 |
N/A |
see
notes (see notes) |
Declined
() |
|
- |
- |
- |
Unknown |
Declined,
as it is against the company's policy to provide trade references. |
ADMIN
DETAILS
|
Researcher |
Inoxico |
|
Contact
Tel No. |
+27
10 001 0540 |
|
Email |
INTERVIEWEE
|
Contact
Person |
LUSHREE
NAIDOO/ VUSI |
|
Position |
WAREHOUSE
MANAGER |
|
Company
Tel No. |
+27
11 864 8901 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.75 |
|
|
1 |
Rs.100.29 |
|
Euro |
1 |
Rs.72.89 |
|
ZAR |
1 |
Rs. 4.46 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
ASH |
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.