MIRA INFORM REPORT
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Report No. : |
345522 |
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Report Date : |
24.10.2015 |
IDENTIFICATION DETAILS
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Name : |
COLLECT A CAN (PTY) LTD |
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Registered Office : |
5/13 Forssman Close Barbeque Down, Kyalami Midrand 1682 |
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Country : |
South Africa |
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Date of Incorporation : |
09.03.1976 |
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Com. Reg. No.: |
1976/000919/07 |
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Legal Form : |
Private Company (Pty) Ltd |
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Line of Business : |
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No. of Employee : |
1000 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Unknown |
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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 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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 |
COMPANY INFORMATION
OVERVIEW
|
History |
COLLECT A CAN (PTY) LTD was established on the 9th of
March 1976. |
|
Major Operations or Business Sectors |
The subject is involved in the recovery of used cans and
industrial tin plate scraps. |
|
Industry |
Recycling. |
|
SIC Code(s) |
3951(Recycling Of Metal Waste And Scrap N.E.C.) |
STATUTORY
INFORMATION
|
Registered Name |
COLLECT A CAN (PTY) LTD |
|
Registration Number |
1976/000919/07 |
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Type of Company |
Private Company (Pty) Ltd |
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Registration Date |
09/03/1976 |
|
Date Commenced Trading |
09/03/1976 |
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Commercial Status |
In Business |
CONTACT
DETAILS
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Contact Number +27 11 466 2939 |
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|
Email Address |
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Fax Number |
+27 11 466 2926 |
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Website |
|
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Social Media Presence |
Facebook & twitter. |
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Registered Physical Address |
5/13 FORSSMAN CLOSE BARBEQUE DOWN Kyalami Midrand 1682 |
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Trading Physical Address |
5/13 FORSSMAN CLOSE BARBEQUE DOWN Kyalami Midrand 1682 |
|
Postal Address |
P O Box 30500 Kyalami 1684 |
TAX
INFORMATION
Income tax Number 9596001710
VAT Number 4420137103
AUDITORS
INFORMATION
Name Deloitte and touche
INSURANCE BROKER INFORMATION
Insurance Broker Name GLENRAND MIB
OWNERSHIP STRUCTURE %20LTD%20-%20345522%2024-Oct-2015_files/image006.jpg)
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Shareholders/Members |
Share/Interest (%) |
|
50 |
|
|
Nampak Ltd |
50 |
PRINCIPAL
INFORMATION
PRINCIPAL DETAILS
|
Full Name |
ID No. |
Designation |
Status |
Date of Appoint- ment |
Active Interests |
Prev. Interests |
Judg- ments |
Fraud Listing |
|
NEL, WILLEM ADRIAAN |
6507255161083 |
Director |
Active |
25/07/1965 |
0 |
0 |
0 |
0 |
|
PRINSLOO, MICHAEL PIETER |
7107025201084 |
Director |
Active |
09/03/2013 |
0 |
0 |
0 |
0 |
|
HASS, KLAUS ALBERT |
6603255093085 |
Director |
Active |
25/03/1966 |
0 |
0 |
0 |
0 |
|
KIZHAKHEPARAM BIL, SUNIL KUMAR |
Z2265693 |
Director |
Active |
05/05/2010 |
0 |
0 |
0 |
0 |
|
SMUTS, ERIK ELI |
7003305029081 |
Director |
Active |
16/09/2009 |
0 |
0 |
0 |
0 |
|
AITKEN, MICHAEL DOUGLAS |
6909265235081 |
Director |
Active |
01/12/2014 |
0 |
0 |
0 |
0 |
BANK
ACCOUNT VERIFICATION
|
Verified |
Yes |
|
Bank Name |
STANDARD BANK |
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Branch Code |
051001 |
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Account Holder |
COLLECT A CAN (PTY) LTD |
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Account Number |
202729702 |
GENERAL
COMMENTS
Comments The branch name was not provided.
OPERATIONS
MAJOR OPERATIONS
|
Major
Business Activities |
The subject operates as a recovery and recycling
organisation, focused on the steel beverage can industry. Involved in the recovery of all scrap tinplates
generated in the tinplate and can- making processes and recycling of cans. |
|
Foreign Trade Activities |
The subject does not undertake any importing activities,
however, does exports from the East. |
|
Major Suppliers |
The subject is supplied by its shareholders, ARCELORMITTAL AND NAMPAK, also obtaining scrap cans from the public. |
|
Major Brands |
There are no major brands being utilized. |
BRANCH
& PREMISES INFORMATION
Area of Distribution National
|
Location |
Description/Type |
Size (m²) |
# of Staff |
Rented or Owned |
If rented: Lease Expiry Date |
|
Aeroton |
Office |
|
|
Owned |
n/a |
|
Botswana |
Office |
|
|
Owned |
n/a |
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Pretoria |
Office |
|
|
Owned |
n/a |
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Cape-Town |
Office |
|
|
Owned |
n/a |
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Namibia |
Office |
|
|
Owned |
n/a |
EMPLOYEES
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Salaried Employees |
0 |
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Waged Employees |
0 |
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Total Permanent Employees |
0 |
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Casual Employees |
0 |
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Contracted Employees |
0 |
GENERAL
COMMENTS
Comments
The subject has over 1000 employees, however a breakdown was not provided. The subject has over 500 vehicles, however, a breakdown was not provided
FINANCING
TERMS
Sales Terms Unknown,
GENERAL
COMMENTS
Financial terms information not provided.
FINANCIAL
FIGURES
Actual No., 000’ or mio Actual no.
Comments Financial
information not provided.
TRADE
REFERENCES
GENERAL COMMENTS
The subject does not have any references.
ADMIN
DETAILS
INTERVIEWER
|
Researcher |
Inoxico |
|
Contact Tel No. |
+27 10 001 0540 |
|
Email |
INTERVIEWEE
|
Contact Person Kim |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.88 |
|
|
1 |
Rs.99.89 |
|
Euro |
1 |
Rs.72.06 |
INFORMATION DETAILS
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Analysis Done by
: |
KIN |
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|
Report Prepared
by : |
ASH |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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>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 |
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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 |
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-- |
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.