|
Report Date : |
20.08.2012 |
IDENTIFICATION DETAILS
|
Correct Name : |
LOUIS DREYFUS COMMODITIES AFRICA (PTY) LTD |
|
|
|
|
Formerly Known As : |
LOUIS
DREYFUS AFRICA |
|
|
|
|
Registered Office : |
Sinosteel
Plaza - 10th Floor 159 Rivonia Road, Morningside, Sandton |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
14.03.1996 |
|
|
|
|
Com. Reg. No.: |
M1996/003173/07 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Subject
is engaged in the agriculture of Oilseeds, Grains, Rice, Citrus, Cotton,
Coffee, Maize, Metals, Milk, Fertilizers, Sugar and Ethanol |
|
|
|
|
No. of Employees : |
40 employees |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
Payment Behaviour : |
Unknown |
|
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 |
|
Subject
Name |
LOUISE
DREYFUS COMMODITIES AFRICA |
|
Country |
South
Africa |
|
Subject
Contact Person |
Mrs.
E Vemaak |
|
Assessment |
This
is a well-established and well -connected business. On investigation contact was
made with MRS E VERMAAK.A payment profile could not be established as the
trade references revealed no credit limits. lt
is recommended that dealings be on a secured basis only. |
|
Registered
Name |
LOUIS
DREYFUS COMMODITIES AFRICA (PTY)LTD |
|
Trading
as/ Division Name |
LOUIS
DREYFUS |
|
Previous
Name |
LOUIS
DREYFUS AFRICA |
|
Date
of Name Change |
Jan
11 2007 12:00AM |
|
Registration
Number |
M1996/003173/07 |
|
Registration
Date |
1996/03/14 |
|
Age
of Business |
16
Years 5 Months |
|
History
of Business |
LOUIS
DREYFUS COMMODITIES AFRICA (PTY) LTD was registered in 1996 and underwent a
name change from LOUIS DREYFUS AFRICA (PTY)LTD in January 2007ln 2011 LOUIS DREYFUS
COMMODITIES AFRICA (PTY)LTD acquired SCPA-SIVEX International. in December
2011, Louis Dreyfus Commodities and the Willowton Group has signed a
partnership agreement to build the largest oilseed crushing plant in South
Africa to be operational by 2014 |
|
Shareholders/Members/Partners
of subject and % holding |
LOUIS
DREYFUS COMMODITIES -DUBAI |
|
Authorised
Share Capital |
R0.00 |
|
Issued
Share Capital/Members Contribution |
R0.00 |
|
Status |
In
Business |
|
Operations
Assessment |
The business is involved
in the agriculture of Oilseeds, Grains, Rice, Citrus, Cotton, Coffee, Maize,
Metals, Milk, Fertilizers, Sugar and Ethanol |
|
Major
Industry Code / SICC |
9000 |
|
Definition
of Code |
Other
activities not adequately defined. |
|
Head
Office Physical Address |
Sinosteel Plaza - 10th Floor 159 Rivonia Road,
Morningside, Sandton |
|
Head
Office Postal Address |
P
O BOX 784658, SANDTON, 2146 |
|
Current
Tel Number |
011
217 5300 |
|
Current
Fax Number |
011
784 6454 |
|
Current
Email Address |
|
|
Web
Site Address |
|
|
Comments |
There 55 offices across the
country 1ST FLOOR, WEST WING, 62 WIERDA ROAD EAST, SANDTON, 2196
was the previous address of the concern, the current address is as stated
above |
|
Company
Registered Name |
DELOITTE
AND TOUCHE ACTUARIES AND CONSULTANTS |
|||
|
Trading
Name |
DELLOITTE
AND TOUCHE |
|||
|
Registration
Number |
1999/007618/07 |
|||
|
Physical
Address |
Deloitte
Place, The Woodlands, 20 Woodlands Drive, Woodmead, Sandton, SOUTH AFRICA |
|||
|
Postal
Address |
PRIVATE
BAG X6, GALLO AAANOR, 2052 |
|||
|
Contact
Number |
011
806-5000 |
|||
|
Subject
Verified as Client |
Yes |
|||
|
Practice
Number |
902276 |
|||
|
VAT
Number |
4220121935 |
|||
|
Tax
Number |
Unknown |
|||
|
BEE
Status |
Unknown |
|||
|
Financial
Year End |
Unknown |
|||
|
No
of years in Business |
Unknown |
|||
|
Previous Auditors |
||||
|
Company Name |
Phone Number |
Time with previous auditors |
Comment |
|
|
ERNST AND YOUNG |
|
16 |
|
|
|
ERNST
& YOUNG REGISTERED ADUITORS INC. |
|
6 |
|
|
Tax information
|
Vat
Number |
4030158671 |
|
Status |
ACTIVE |
|
Vat
Liable Date |
|
|
Tax
Number |
9568039847 |
|
Tax
Clearance Expire Date |
|
|
Financial
Year End |
December |
|
Comment |
|
|
Black Economic Empowerment |
|
|
Status |
No |
|
Score |
|
|
Expire
Date |
|
|
BEE
Certificate Available |
|
|
Comment |
The
business is non BEE Compliant |
|
|
|
|
ISO Information -
No Information on Record |
|
|
Workman's compensation |
|
|
Registered |
Yes |
|
Compliance
Certified |
Yes |
|
Comment |
|
Subsidiaries Information - No Information on Record
|
Employees |
||||
|
Number
of Employees |
40 |
|||
|
1.
Salaried employees |
40 |
|||
|
Company Fleet |
||||
|
Company
Fleet |
No
of vehicles: |
Owned/Leased |
Value |
Outstanding
Balance |
|
Fleet
Operations |
|
|
|
|
|
The
Fleet is made up of |
|
|||
|
Comment |
The breakdown and amount of vehicles were
not made available |
|||
|
Trucks |
|
|
|
|
Offices
Information - No Information on Record
Branch
Information
|
Branches Names |
Country |
Province |
|
LOUIS DREYFUS COMMODITIES AFRICA |
South Africa |
FREE STATE |
|
Louis Dreyfus Commodities Africa |
South Africa |
KWA ZULU NATAL |
|
LOUIS DREYFUS COMMODITIES AFRICA |
South Africa |
MPUMALANGA |
|
LOUIS DREYFUS COMMODITIES AFRICA |
South Africa |
FREE STATE |
|
Branch Detail
Information |
||
|
Branches
Owned/ Rented |
|
|
|
Rental
Company |
|
|
|
Owned
by |
|
|
|
Value |
|
|
|
Bond |
|
|
|
Bank |
|
|
|
Lease
Agreement |
|
|
|
Lease
Expire Date |
|
|
|
Type
of Premises |
|
|
|
Comment |
Further Information
on the reported branch34 LOUBSER STREET. BETHLEHEM, FREE STATE Telephone: 058
303 9600Fax: 058 303 9600 |
|
|
Branches
Owned/ Rented |
|
|
Rental
Company |
|
|
Owned
by |
|
|
Value |
|
|
Bond |
|
|
Bank |
|
|
Lease
Agreement |
|
|
Lease
Expire Date |
|
|
Type
of Premises |
|
|
Comment |
SUITE 3,
ARMSTRONG HOUSE, 94 ARMSTRONG AVENUE, LA LUCIA, KWAZULU NATAL Telephone: 031
566 7007Fax: 031 566 4507 |
|
Branches
Owned/ Rented |
|
|
Rental
Company |
|
|
Owned
by |
|
|
Value |
|
|
Bond |
|
|
Bank |
|
|
Lease
Agreement |
|
|
Lease
Expire Date |
|
|
Type
of Premises |
|
|
Comment |
Further
details on the reported branch l 3 ALWYN VAN ZYL STREET, . ERMELO017 811 4901 |
|
Branches
Owned/ Rented |
|
|
Rental
Company |
|
|
Owned
by |
|
|
Value |
|
|
Bond |
|
|
Bank |
|
|
Lease
Agreement |
|
|
Lease
Expire Date |
|
|
Type
of Premises |
|
|
Comment |
Telephone Number
056 515 4740Fax: 056 515 4730 Physical address
28 PRESIDENT AVENUE, . BOTHAVILLE |
Organisation
Chart
|
Level |
Position |
Name |
Comment |
Company
Structure Information - No Information on Record
Note:
One level up and all levels down
Key Deals
- No Information on Record
|
Trade Reference nr |
Supplier |
Contact |
Surety Value |
Notarial Bonds |
Comment |
|
1 |
FREIGHT IMPACT
SERVICES |
031
332 0192 |
R0.00 |
0 |
The company does
not supply Trade References |
|
2 |
ISLAND
VIEW SHIPPING |
035
7979402 |
R0.00 |
0 |
|
Trade
References Detail
|
Nr |
Age of Acc |
Credit
Limit |
Max
Credit |
Terms |
Average
Purchases |
Terms Taken |
Comment |
|
1 |
|
|
|
|
|
|
|
|
2 |
3
Years |
|
|
30 days |
|
30
days |
All figures are
considered confidential |
Adverse Information on
Subject
Judgements - No information on record
BusinessRescue - No Information on Record
Default Listing - No information on record
Notarial Bonds - No information on record
|
Bank |
|
|
Branch |
|
|
Brach
Code |
|
|
Bank
Account Number |
|
|
Type
of Account |
|
|
Account
Name |
|
|
Overdraft
Facilities |
|
|
Bank
Code |
|
|
Bank
Comment |
|
Bank Code
History - No Information on Record
Previous
Bank Account Information - No Information on Record
Deeds Information
- No information on record
Financial
Estimates
|
CURRENT
ASSETS |
|
|
Stock |
|
|
Debtors |
|
|
FIXED
ASSETS |
|
|
Plant,
Equipment, Vehicles |
|
|
Property |
|
|
CURRENT
LIABILITIES |
|
|
Creditors |
|
|
Loans/
From? |
|
|
Loan
Details |
|
|
LONG
TERM LIABILITIES |
|
|
Mortgage
Bonds |
|
|
Previous
Year Turnover |
|
|
Estimated
Current Year Turnover |
|
|
Current
Turnover per month |
|
|
Current
Turnover per annum |
|
|
Comment |
The
turnover for the previous financial year was in excess of R500 000 000 |
|
Please note the following: |
|
|
Turnover and
assets less than R 1,000,000.00 |
The
subject falls within the National Credit Act |
|
Turnover and assets
less than R 2,000,000.00 |
The
subject falls within the Consumer Protection Act |
Principals
|
Number
of Principals |
6 |
|
Average
Age of Active Principals |
46 |
|
Active
Principals Principal - 1of 6 THOMAS YVES COUTEAUDIER |
|
|
Surname |
COUTEAUDIER |
|
First
Name |
THOMAS
YVES |
|
ID
Number |
11AT31106 |
|
Verified
ID Number |
No |
|
Current
Age |
38 |
|
Designation |
SOUTHERN
AFRICA GENERAL MANAGER |
|
Status |
Active |
|
Appointment
Date |
2011/07/01 |
|
Physical
Address (at time of Appointment) |
16,
RUE DU COMMANDANT, RIVIERE 58000, NEVERS, FRANCE, 00000 |
|
Postal
Address |
10TH
FLOOR, SINOSTEEL PLAZA, 159 RIVONIA ROAD, 159 RIVONIA ROAD, MORNINGSIDE, 0001 |
|
Shareholding/Membership |
0.0000 |
Principal's
Adverse - No information on record
Business
Information for THOMAS YVES COUTEAUDIER
Principal
Current Business Interests
|
Company
Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
LOUIS
DREYFUS COMMODITIES AFRICA (PTY)LTD |
M1996/003173/07 |
In Business |
16 Years 5 Months |
0 |
No |
|
Principal's
Previous Business Interests - No information on record
Principal's
Deeds Information - No information on record
|
Principal
- 2of 6 FREDERIC
PHILIPPE MARRET |
|
|
Surname |
MARRET |
|
First
Name |
FREDERIC
PHILIPPE |
|
ID
Number |
05AE32070 |
|
Verified
ID Number |
No |
|
Current
Age |
51 |
|
Designation |
BUSINESSMAN |
|
Status |
Active |
|
Appointment
Date |
2009/04/14 |
|
Physical
Address (at time of Appointment) |
AL
SALWAN SRVC APT SHAMS 1, JUME-IRAH BEACH ROAD, DUBAI, 0000 |
|
Postal
Address |
P
O BOX 50673, DUBAI, UAE, 0000 |
|
Shareholding/Membership |
0.0000 |
Principal's
Adverse - No information on record
Business Information
for FREDERIC PHILIPPE MARRET
Principal
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
LOUIS
DREYFUS COMMODITIES AFRICA (PTY)LTD |
M1996/003173/07 |
In Business |
16 Years 5 Months |
0 |
No |
|
Principal's
Previous Business Interests - No information on record
Principal's
Deeds Information - No information on record
|
Principal
- 3of 6 CESAR SOARES |
|
|
Surname |
SOARES |
|
First
Name |
CESAR |
|
ID
Number |
7405295190080 |
|
Verified
ID Number |
Yes |
|
Current
Age |
38 |
|
Designation |
BUSINESSMAN |
|
Status |
Active |
|
Appointment
Date |
2009/04/14 |
|
Physical
Address (at time of Appointment) |
1C
COLLEGE AVENUE, BRYANSTON, 2191 |
|
Postal
Address |
P
0 BOX 784658, SANDTON, 2146 |
|
Current
Tel Number |
0113175300 |
|
Cell
number |
0832803197 |
|
Shareholding/Membership |
0.0000 |
Principal's
Adverse - No information on record
Business
Information for CESAR SOARES
Principal Current
Business Interests
|
Company
Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
LOUIS
DREYFUS COMMODITIES AFRICA (PTY)LTD |
M1996/003173/07 |
In Business |
16 Years 5 Months |
0 |
No |
|
Principal's
Previous Business Interests - No information on record
Principal's
Deeds Information - No information on record
|
Principal
- 4of 6 FREDERIC PHILIPPE MARRET |
|
|
Surname |
MARRET |
|
First
Name |
FREDERIC
PHILIPPE |
|
ID
Number |
6111180000000 |
|
Verified
ID Number |
No |
|
Current
Age |
51 |
|
Status |
Active |
|
Appointment
Date |
2009/04/14 |
|
Physical
Address (at time of Appointment) |
AL
SALWAN SRVC APT SHAMS 1, JUME-IRAH BEACH ROAD, DUBAI, 0000 |
|
Postal
Address |
P
O BOX 50673, DUBAI, UAE, 0000 |
|
Shareholding/Membership |
0.0000 |
Principal's
Adverse - No information on record
Business
Information for FREDERIC PHILIPPE MARRET
Principal
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
LOUIS
DREYFUS COMMODITIES AFRICA (PTY)LTD |
M1996/003173/07 |
In Business |
16 Years 5 Months |
0 |
No |
|
Principal's
Previous Business Interests - No information on record
Principal's
Deeds Information - No information on record
|
Principal
- 5of 6 GERMAN DARIO VALENTINI |
|
|
Surname |
VALENTINI |
|
First
Name |
GERMAN
DARIO |
|
ID
Number |
640312 |
|
Verified
ID Number |
No |
|
Current
Age |
49 |
|
Designation |
CHIEF
FINANCIAL OFFICER |
|
Status |
Active |
|
Appointment
Date |
2006/12/15 |
|
Physical
Address (at time of Appointment) |
21
LITTLE FILLAN, BRUNUS ROAD, RIVERCLUB, SANDTON, 2149 |
|
Postal
Address |
PO
BOX 784658, SANDTON, 2146 |
|
Shareholding/Membership |
0.0000 |
Principal's
Adverse - No information on record
Business
Information for GERMAN DARIO VALENTINI
Principal
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
LOUIS
DREYFUS COMMODITIES AFRICA (PTY)LTD |
M1996/003173/07 |
In Business |
16 Years 5 Months |
0 |
No |
|
Principal's
Previous Business Interests - No information on record
Principal's
Deeds Information - No information on record
|
Principal
– 6 of 6 FABIAN ALEJANDRO DE PAUL |
|
|
Surname |
DE
PAUL |
|
First
Name |
FABIAN
ALEJANDRO |
|
ID
Number |
16412832N |
|
Verified
ID Number |
No |
|
Current
Age |
49 |
|
Designation |
DIRECTOR |
|
Status |
Active |
|
Appointment
Date |
2006/12/15 |
|
Physical
Address (at time of Appointment) |
CARLOS
PELLEGRINI 1277, BUENOS AIRES, ARGENTINIA, 0000 |
|
Postal
Address |
OLGA
COSSETTINI 240, BUENOS AIRES, ARGENTINA, 0000 |
|
Shareholding/Membership |
0.0000 |
Principal's
Adverse - No information on record
Business
Information for FABIAN ALEJANDRO DE PAUL
Principal
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
LOUIS
DREYFUS COMMODITIES AFRICA (PTY)LTD |
M1996/003173/07 |
In Business |
16 Years 5 Months |
0 |
No |
|
Principal's
Previous Business Interests - No information on record
Principal's
Deeds Information - No information on record
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.70 |
|
UK Pound |
1 |
Rs.87.55 |
|
Euro |
1 |
Rs.68.85 |
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.