MIRA INFORM REPORT
|
Report Date : |
06.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
NATIONAL BRANDS LIMITED |
|
|
|
|
Registered Office : |
PO Box 5159, Rivonia, 2128 |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Year of Establishment : |
1851 |
|
|
|
|
Legal Form : |
Private Subsidiary Company |
|
|
|
|
Line of Business : |
|
|
|
|
|
No. of Employees : |
2,227 |
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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
South Africa |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company name & address
National Brands Limited
PO Box 5159
Rivonia, 2128
South Africa
Tel: 27-117077000
Fax: 27 (11) 707 7799
Synthesis
Employees: 2,227
Company Type: Private
Subsidiary
Corporate Family: 17
Companies
Ultimate Parent: AVI
Ltd.
Incorporation Date: 1851
Financials in: USD
(Millions)
Reporting Currency: US
Dollar
Annual Sales: 450.0
Total Assets: NA
Business Description
Chips & Snacks Mfr & Distr
Industry
Industry Food Processing
ANZSIC 2006: 1173 - Biscuit
Manufacturing (Factory based)
NACE 2002: 1582 - Manufacture
of rusks and biscuits; manufacture of preserved pastry goods and cakes
NAICS 2002: 311821 - Cookie
and Cracker Manufacturing
UK SIC 2003: 1582 - Manufacture
of rusks and biscuits; manufacture of preserved pastry goods and cakes
US SIC 1987: 2052 - Cookies and
Crackers
Key Executives
|
Name |
Title |
|
Simon L. Crutchley |
CEO |
|
A. Vermeulen |
Group Financial Director |
|
Roger Coppin |
Managing Director Ciro Beverage Solutions |
|
P. Peacock |
Group Secretary |
|
Eric Stockenstrom |
Managing Director-Grocery Division |
1 - Profit & Loss Item Exchange Rate: USD 1 = USD 1
2 - Balance Sheet Item Exchange Rate: USD 1 = USD 1
Corporate Overview
Location
PO Box 5159
Rivonia, 2128
South Africa
Tel: 27-117077000
Fax: 27 (11) 707 7799
Web: www.natbrands.co.za
Sales USD(mil): 450.0
Assets USD(mil): NA
Employees: 2,227
Industry: Food
Processing
Incorporation Date: 1851
Company Type: Private
Subsidiary
Quoted Status: Not
Quoted
CEO : Simon
L. Crutchley
Contents
Industry Codes
Business Description
Brand/Trade Names
Financial Data
Industry Codes
ANZSIC 2006 Codes:
1852 - Cosmetic and Toiletry Preparation Manufacturing
1171 - Bread Manufacturing (Factory based)
1173 - Biscuit Manufacturing (Factory based)
1199 - Other Food Product Manufacturing Not Elsewhere Classified
3720 - Pharmaceutical and Toiletry Goods Wholesaling
NACE 2002 Codes:
1581 - Manufacture of bread; manufacture of fresh pastry goods and
cakes
1586 - Processing of tea and coffee
1582 - Manufacture of rusks and biscuits; manufacture of preserved
pastry goods and cakes
2452 - Manufacture of perfumes and toilet preparations
5146 - Wholesale of pharmaceutical goods
NAICS 2002 Codes:
325620 - Toilet Preparation Manufacturing
311821 - Cookie and Cracker Manufacturing
424210 - Drugs and Druggists' Sundries Merchant Wholesalers
311812 - Commercial Bakeries
311920 - Coffee and Tea Manufacturing
US SIC 1987:
2052 - Cookies and Crackers
2844 - Perfumes, Cosmetics, and Other Toilet Preparations
2095 - Roasted Coffee
5122 - Drugs, Drug Proprietaries, and Druggists' Sundries
2051 - Bread and Other Bakery Products, Except Cookies and
Crackers
UK SIC 2003:
5146 - Wholesale of pharmaceutical goods
1581 - Manufacture of bread; manufacture of fresh pastry goods and
cakes
1582 - Manufacture of rusks and biscuits; manufacture of preserved
pastry goods and cakes
15862 - Production of coffee and coffee substitutes
2452 - Manufacture of perfumes and toilet preparations
Business
Description
Manufacture, market, distribution and sale of branded fast moving
consumer products
More Business
Descriptions
· Chips & Snacks Mfr & Distr
Consumer
Non-Durable - Diversified
|
|||||||||||||||||||||||||||||||||
|
|
|
Corporate
Family |
Corporate
Structure News: |
|
|
AVI Ltd. |
|
National Brands Limited |
|
|
|
|
|
Company
Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
|
|
Parent |
Johannesburg |
South Africa |
Food Processing |
1,097.2 |
9,743 |
|
|
|
Subsidiary |
Cape Town |
South Africa |
Food Processing |
225.4 |
4,476 |
|
|
|
Subsidiary |
Cape Town, Western Cape |
South Africa |
Miscellaneous Financial Services |
2,123.2 |
|
|
|
|
Subsidiary |
Buenos Aires |
Argentina |
Food Processing |
75.0 |
|
|
|
|
Subsidiary |
Rivonia |
South Africa |
Food Processing |
450.0 |
2,227 |
|
|
|
Subsidiary |
Johannesburg, Gauteng |
South Africa |
Food Processing |
826.8 |
|
|
|
|
Subsidiary |
Sandton City |
South Africa |
Crops |
|
1,000 |
|
|
|
Subsidiary |
Saxonwold |
South Africa |
Food Processing |
|
678 |
|
|
|
Subsidiary |
Cape Town |
South Africa |
Personal and Household Products |
127.1 |
440 |
|
|
|
Subsidiary |
Sandton |
South Africa |
Retail (Apparel) |
74.3 |
429 |
|
|
|
Subsidiary |
Bryanston |
South Africa |
Footwear |
22.5 |
70 |
|
|
|
Subsidiary |
Johannesburg |
South Africa |
Investment Services |
922.4 |
30 |
|
|
|
Subsidiary |
Johannesburg, Gauteng |
South Africa |
Food Processing |
879.9 |
|
|
|
|
Subsidiary |
Epping |
South Africa |
Food Processing |
|
|
|
|
|
Subsidiary |
Johannesburg, Gauteng |
South Africa |
Apparel and Accessories |
|
6 |
|
|
|
Subsidiary |
Johannesburg |
South Africa |
Footwear |
|
|
|
|
|
Subsidiary |
Cape Town |
South Africa |
Personal and Household Products |
|
|
|
Executive report
|
Executives |
|
|
|
|
|||
|
CEO |
Chief Executive Officer |
|
|||
|
Managing Director-Grocery Division |
Division Head Executive |
|
|||
|
Group Financial Director |
Division Head Executive |
|
|||
|
Managing Director Ciro Beverage Solutions |
Managing Director |
|
|||
|
Managing Director-Snackworx |
Managing Director |
|
|||
|
Managing Director-Out of Home |
Managing Director |
|
|||
|
Managing Director-Entyce |
Managing Director |
|
|||
|
Group Secretary |
Company Secretary |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.08 |
|
UK Pound |
1 |
Rs.87.03 |
|
Euro |
1 |
Rs.68.36 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.