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MIRA INFORM REPORT
|
Report Date : |
29.09.2011 |
IDENTIFICATION DETAILS
|
Name : |
NCP ALCOHOLS (PTY) LTD |
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Registered Office : |
121 Sea Cow Lake Road, Durban, Kwazulu Natal |
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Country : |
South Africa |
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Date of Incorporation : |
06.06.2000 |
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Com. Reg. No.: |
2000/011040/07 |
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|
|
Legal Form : |
Private Company |
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|
|
Line of Business : |
produces neutral potable ethanol products from
sugar-cane molasses |
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 |
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|
|
|
Payment
Behaviour : |
Unknown |
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|
|
Litigation : |
---- |
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 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
South Africa |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Assessment:
This is an established company.
On contacting the financial director, he stated he would not assist with
any information unless he knows exactly who is enquiring.
Detailed information is deemed confidential and will only be divulged to
relevant parties.
Please advise should we be able to mention the clients name.
However please see available information below.
Company Information
|
Registered
Name |
NCP ALCOHOLS (PTY) LTD |
|
Registration
Number |
2000/011040/07 |
|
Registration
Date |
2000-06-06 |
|
History of
Business |
The subject was originally established in 1868 as UMGENI DISTILLERIES LTD.
In 1944 UMGENI DISTILLERIES LTD was acquired by NATIONAL CHEMICAL PRODUCTS
(NCP).In February 2001 NCP ALCOHOLS operations were purchased from NCP by
ALCO FINANCE S.A. and now trades as a separate company. |
|
Shareholders of
subject and % holding |
100% ALCO FINANCE S.A. in Belgium |
|
Authorised Share
Capital |
R1 000 ordinary R1 shares. |
|
Issued Share
Capital/Members Contribution |
R1 |
|
Age of Company |
11 years 3 months |
|
Status |
Active |
|
Operations
Assessment |
The subject produces neutral potable
ethanol products from sugar-cane molasses. |
|
Industry/
Customers |
Beverage, cosmetic, pharmaceutical
industries. |
|
Head Office
Physical Address |
121 Sea Cow Lake Road DURBAN KwaZulu Natal |
|
Head Office Postal
Address |
P O Box 2204 DURBAN 4000 |
|
Current Tel
Number Cell number |
031 560 1111 082 4597251 |
|
Current Fax
Number |
031 579 1541 |
Auditors Information
|
Company
Registered Name |
MAZARS |
|
Previous Name |
Formerly MAZARS MOORES ROWLAND |
|
Practice number |
900222 |
Previous Auditors
|
Company Name/ Tel |
Time With Previous Auditors |
|
PRICEWATERHOUSECOOPERS INC |
|
|
DELOITTE AND TOUCHE |
|
Tax Information
|
Vat Number |
4110191436 |
|
Status |
Active |
|
Vat Liable Date |
2001-02-01 |
|
Tax Number |
9061128147 |
|
Financial Year
End |
December |
Black Economic
Empowerment
|
Status |
Yes |
|
Score |
Level 5 |
|
Expire Date |
30 November 2010 |
|
BEE Certificate
Available |
Yes |
ISO Status
|
Type of ISO
Grade |
ISO 9000 ISO 14001 |
|
ISO Certificate |
Yes |
|
ISO Certificate
Available |
No |
|
Certified by
anAccredited Agent |
Yes |
Workman’s
compensation
|
Registered |
Yes/No |
|
Compliance
Certified |
Yes/No |
Company Structure
|
Branches |
Unavailable |
|
Branches Names |
Country |
Province |
|
Unavailable |
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Subsidiary
Company |
Unavailable |
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Shareholding |
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Registration
Number |
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Import / Export |
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Number of
Employees |
Unavailable |
|
1.
Salaried
employees |
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2.
Waged
employees |
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3.
Permanent
employees |
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4.
Casual
employees |
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5.
Contracted
employees |
|
Company Fleet |
No of vehicles: |
Owned/ Leased |
Value |
Outstanding
Balance |
|
Fleet Operations |
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The Fleet is
made up of |
Unavailable |
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1.
Cars |
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2.
Light
Delivery Vehicles |
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3.
Trailers |
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4.
Busses |
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5.
Trucks |
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6.
Fork
Lifts |
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7.
Other |
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Head
OfficeOwned/ Rented |
Unavailable |
|
Rental Company |
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Owned by |
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|
Value |
|
|
Bond |
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|
Bank |
|
|
Lease Agreement |
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|
Lease Expire
Date |
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|
Type of Premises |
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Trade References
|
Supplier |
Contact |
|
Unavailable |
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Trade References
|
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
|
Unavailable |
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Adverse
Information on Subject
|
Judgements |
No information on record |
|
Possible
Judgements |
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|
Civil Court |
|
|
RDs |
|
Default Data
|
Date |
Details |
|
None |
|
Notarial Bonds
|
Date |
Details |
|
None |
|
Deeds Information
|
Property Interest |
|||
|
Title Deed No. |
T24609/2001 |
Erf/Site No. |
|
|
Deeds Office |
PIETERMARITZBURG |
Physical Address |
BRIARDENE DURBAN NORTH |
|
Property Type |
Freehold/Ervin |
Extent / Size |
1.9103H |
|
Purchase Date |
2001-03-09 |
Purchase price |
R21354700 |
|
% Ownership |
0.0000 |
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
R0 |
|
Property Interest |
|||
|
Title Deed No. |
T24609/2001 |
Erf/Site No. |
|
|
Deeds Office |
PIETERMARITZBURG |
Physical Address |
BRIARDENE DURBAN NORTH |
|
Property Type |
Freehold/Ervin |
Extent / Size |
165.0SQM |
|
Purchase Date |
2001-03-09 |
Purchase price |
R21354700 |
|
% Ownership |
0.0000 |
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
R0 |
|
Property Interest |
|||
|
Title Deed No. |
T24609/2001 |
Erf/Site No. |
|
|
Deeds Office |
PIETERMARITZBURG |
Physical Address |
BRIARDENE DURBAN NORTH |
|
Property Type |
Freehold/Ervin |
Extent / Size |
1506.0SQM |
|
Purchase Date |
2001-03-09 |
Purchase price |
R21354700 |
|
% Ownership |
0.0000 |
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
R0 |
|
Property Interest |
|||
|
Title Deed No. |
T24609/2001 |
Erf/Site No. |
|
|
Deeds Office |
PIETERMARITZBURG |
Physical Address |
BRIARDENE DURBAN NORTH |
|
Property Type |
Freehold/Ervin |
Extent / Size |
1528.0SQM |
|
Purchase Date |
2001-03-09 |
Purchase price |
R21354700 |
|
% Ownership |
0.0000 |
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
R0 |
|
Property Interest |
|||
|
Title Deed No. |
T24609/2001 |
Erf/Site No. |
|
|
Deeds Office |
PIETERMARITZBURG |
Physical Address |
117 SEA COW LAKE BRIARDENE DURBAN NORTH |
|
Property Type |
Freehold/Ervin |
Extent / Size |
6.481H |
|
Purchase Date |
2001-03-09 |
Purchase price |
R21354700 |
|
% Ownership |
0.0000 |
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
R0 |
|
Property Interest |
|||
|
Title Deed No. |
T24609/2001 |
Erf/Site No. |
|
|
Deeds Office |
PIETERMARITZBURG |
Physical Address |
UMGENI BUSINESS PARK DURBAN |
|
Property Type |
Freehold/Ervin |
Extent / Size |
1598.0SQM |
|
Purchase Date |
2001-03-09 |
Purchase price |
R21354700 |
|
% Ownership |
0.0000 |
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
R0 |
Bank Information
|
Bank |
Unavailable |
|
Branch |
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|
Bank Account
Number |
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|
Type of Account |
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|
Branch Code |
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|
Account Name |
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Overdraft
Facilities |
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|
Date Opened |
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|
Bank Code |
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Bank Comment |
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Bank CodesHistory
|
Date requested |
Bank Code |
Enquiry Amount |
Number of RD’s |
RD amount |
RD Date |
Bank Comments |
|
None |
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|
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Previous Bank
Accounts
|
Banker |
Branch Code |
Account Holder |
Account number |
Date opened |
Years with bank |
|
None |
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|
|
Financial Information
Financial
Estimates
|
CURRENT ASSETS |
Unavailable |
|
Stock |
|
|
Debtors |
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|
Cash on Hand |
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FIXED ASSETS |
|
|
Plant,
Equipment, Vehicles |
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|
Property |
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CURRENT
LIABILITIES |
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|
Creditors |
|
|
Loans/ From? |
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LONG TERM
LIABILITIES |
|
|
Morgage Bonds |
|
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ANNUAL / MONTHLY
Turnover |
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|
Previous Year
Turnover |
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Estimated
Current Year Turnover |
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Principals
|
Number of
Principals |
5 |
|
Average Age of
Active Principals |
59 |
Active Principals
Principal 1 of 5
|
Surname |
NORTON- AMOR |
|
First Names |
MARK |
|
Marital Status |
|
|
ID Number |
572295157080 |
|
Verified ID
Number |
Yes |
|
Current Age |
54 |
|
Designation |
Chartered Accountant |
|
Status |
Active |
|
Appointment Date |
Not on Record |
|
Address (at time of
Appointment) |
4 Irex Ridge 9 Underwood Road UMGENI PARK 4051 |
Adverse
Information on Principal
Judgement
|
Number of
Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Business Information on
Principal
Current Business Interests
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
KWA-ZULU NATAL
KIDNEY ASSOCIATION |
1977/002650/08 |
In Business |
0 |
No |
|
UMFOLOZI SUGAR MILL
(PTY) LTD |
2008/012011/07 |
In Business |
0 |
No |
Previous Business
Interests
|
Average Age of
Previous Business Interests |
None |
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
None |
|
|
|
|
Deeds Information
Property Interests of
Principle
|
Title Deed No. |
None |
Erf/Site No. |
|
|
Deeds Office |
|
Physical Address |
|
|
Property Type |
|
Extent / Size |
|
|
Purchase Date |
|
Purchase price |
|
|
% Ownership |
|
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
|
Principal 2 of 5
|
Surname |
NOWAK |
|
First Names |
WILL-HARTMUT |
|
Marital Status |
|
|
ID Number |
3907085006107 |
|
Verified ID
Number |
Yes |
|
Current Age |
72 |
|
Designation |
Executive |
|
Status |
Active |
|
Appointment Date |
Not on Record |
|
Address (at time of
Appointment) |
1 Nautica 300 Kloof Road CAMPS BAY 8001 |
Adverse
Information on Principal
Judgement
|
Number of
Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Business
Information on Principal
Current Business
Interests
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
MARNO
INTERNATIONAL (PTY) LTD |
2002/003494/07 |
In Business |
0 |
No |
Previous Business Interests
|
Average Age of
Previous Business Interests |
39 years |
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
UNIVERSAL SUPPLY
SERVICES (PTY) LTD |
1946/020730/07 |
In Liquidation |
0 |
Yes |
|
USS PROPERTY CC |
1997/065037/23 |
In Business |
0 |
No |
Deeds Information
Property Interests
of Principle
|
Property Interest |
|||
|
Title Deed No. |
None |
Erf/Site No. |
|
|
Deeds Office |
|
Physical Address |
|
|
Property Type |
|
Extent / Size |
|
|
Purchase Date |
|
Purchase price |
|
|
% Ownership |
|
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
|
Principal 3 of 5
|
Surname |
STARLING |
|
First Names |
PETER |
|
Marital Status |
|
|
ID Number |
6007185043089 |
|
Verified ID
Number |
Yes |
|
Current Age |
51 |
|
Designation |
Managing Director |
|
Status |
Active |
|
Appointment Date |
Not on Record |
|
Address (at time of
Appointment) |
1 Thirlmere Crescent DURBAN NORTH 4051 |
Adverse
Information on Principal
Judgement
|
Number of Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Business
Information on Principal
Current Business
Interests
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
UMFOLOZI SUGAR
MILL (PTY) LTD |
2008/012011/07 |
In Business |
0 |
No |
|
ALCET (PTY) LTD |
2005/017378/07 |
In Business |
0 |
No |
|
NCP BIOFUEL
DISTRIBUTORS (PTY) LTD |
2006/017976/07 |
In Business |
0 |
No |
Previous Business
Interests
|
Average Age of
Previous Business Interests |
None |
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
None |
|
|
|
|
Deeds Information
Property Interests
of Principle
|
Property Interest |
|||
|
Title Deed No. |
None |
Erf/Site No. |
|
|
Deeds Office |
|
Physical Address |
|
|
Property Type |
|
Extent / Size |
|
|
Purchase Date |
|
Purchase price |
|
|
% Ownership |
|
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
|
Principal 4 of 5
|
Surname |
PEERS DE NIEUWBURGH |
|
First Names |
CHARLES ALBERT |
|
Marital Status |
|
|
ID Number/ Birth
Date |
5411115 |
|
Verified ID
Number |
No |
|
Current Age |
57 |
|
Designation |
Managing Director |
|
Status |
Active |
|
Appointment Date |
Not on Record |
|
Address (at time of
Appointment) |
Breidels 1 OOSTKAMP Belgium |
Adverse
Information on Principal
Judgement
|
Number of
Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Business
Information on Principal
Current Business
Interests
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
None |
|
|
|
|
Previous Business
Interests
|
Average Age of
Previous Business Interests |
None |
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
None |
|
|
|
|
Deeds Information
Property Interests
of Principle
|
Property Interest |
|||
|
Title Deed No. |
None |
Erf/Site No. |
|
|
Deeds Office |
|
Physical Address |
|
|
Property Type |
|
Extent / Size |
|
|
Purchase Date |
|
Purchase price |
|
|
% Ownership |
|
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
|
Principal 5 of 5
|
Surname |
MEEUS |
|
First Names |
BERNARD |
|
Marital Status |
|
|
ID Number/ Birth
Date |
540220 |
|
Verified ID
Number |
No |
|
Current Age |
57 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
Not on Record |
|
Address (at time
of Appointment) |
Clos Du Bocage 9 1332 Genval BELGIUM |
Adverse
Information on Principal
Judgement
|
Number of
Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Business
Information on Principal
Current Business
Interests
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
None |
|
|
|
|
|
Average Age of Previous
Business Interests |
None |
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
None |
|
|
|
|
Deeds Information
Property Interests
of Principle
|
Property Interest |
|||
|
Title Deed No. |
None |
Erf/Site No. |
|
|
Deeds Office |
|
Physical Address |
|
|
Property Type |
|
Extent / Size |
|
|
Purchase Date |
|
Purchase price |
|
|
% Ownership |
|
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.48.91 |
|
UK Pound |
1 |
Rs.76.53 |
|
Euro |
1 |
Rs.66.43 |
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.