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MIRA INFORM REPORT
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Report Date : |
05.01.2012 |
IDENTIFICATION DETAILS
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Name : |
MAKHTESHIM-AGAN (PTY) LTD |
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Registered Office : |
21 Viben Road, Brakenfell 7560 |
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Country : |
South Africa |
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Date of Incorporation : |
31.03.1992 |
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Com. Reg. No.: |
M1992/001741/07 |
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Legal Form : |
Private company |
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Line of Business : |
Distribution of branded off-patent crop protection solutions. |
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No. of Employees
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19 |
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RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
US$1 500 000 |
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Status : |
Moderate |
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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 – September 30th, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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South Africa |
a2 |
a2 |
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Risk Category |
ECGC
Classification |
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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 |
Company summary
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Subject Name |
MAKHTESHIM-AGAN (PTY) LTD |
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Country |
SOUTH AFRICA |
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Requested Credit Limit |
US$1 500
000 |
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Enquiry Terms |
D/A |
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Account Review |
RECOMMENDED
EVERY 6 MONTHS |
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Subject Contact person |
MR FERREIRA |
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Assessment |
Total Credit Limit Exposure: Total Suretyship: On investigation contact was made with the financial director who declined to assist with full information. We cannot recommend dealings. Please see details below. |
Company Information
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Registered Name |
MAKHTESHIM-AGAN SOUTH AFRICA (PTY) LTD |
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Trading as/ Division Name |
None |
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Previous Name |
None |
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Date of Name Change |
N/A |
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Registration Number |
M1992/001741/07 |
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Registration Date |
1992-03-31 |
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Date Commenced Trading |
1992-03-31 |
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Age of Business |
19 Years 9 Months |
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History of Business |
The subject was started as a new business in 1992. |
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Shareholders of subject and % holding |
100% MAKHTESHIM AGAN HOLDINGS BV in Holland |
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Authorised Share Capital |
Unknown |
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Issued Share Capital/Members Contribution |
Unknown |
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Status |
This Business is Active |
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Operations Assessment |
Distribution of branded off-patent crop
protection solutions. |
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Industry/ Customers |
Wholesalers |
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Export |
Africa |
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Major Industry Code / SICC |
6190 Wholesale |
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Definition of Code |
Other wholesale trade |
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Head Office Physical Address |
21 Viben Road BRAKENFELL 7560 The subject has a depot in Olifantsfontein Johannesburg 011 3163232 |
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Head Office Postal Address |
PO Box 498 BRAKENFELL 7561 |
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Current Tel Number |
021 9821460 |
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Cell number |
082 9001607 |
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Current Fax Number |
021 9825810 |
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Current Email Address |
org@makhro.com |
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Web Site Address |
www.masa.co.za |
Auditors Information
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Company
Registered Name |
KPMG INC |
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Registration
Number |
1999/021543/21 |
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Physical Address |
Cape Town Office 1 Mediterranean Street FORESHORE Cape Town |
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Postal Address |
Cape Town Office P O Box 4609 CAPE TOWN 8000 |
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Contact Person |
BROWYN |
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Contact Number |
021 408 7000 011 647 6576 |
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Email |
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Principals |
202 |
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Judgements
Against Subject |
None on record |
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Judgements
Against Principals |
None on record |
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Subject Verified
as Client |
Yes |
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SAICA Number |
04846622 |
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Practice Number |
900117 |
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VAT Number |
4530188665 |
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Tax Number |
9559555843 |
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BEE Status |
AAA |
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Financial Year
End |
August |
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Years With
Auditors |
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Website |
Previous Auditors
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Company Name |
Phone Number |
Time with previous auditors |
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ARTHUR ANDERSON |
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Unknown |
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Tax Information
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Vat Number |
4600158358 |
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Status |
Active |
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Vat Liable Date |
Monthly |
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Tax Number |
9543028030 |
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Tax Clearance Expire Date |
December and June |
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Financial Year End |
December |
Black Economic Empowerment
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Status |
No |
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Score |
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Expire Date |
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BEE Certificate Available |
Yes/No |
ISO Status
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Type of ISO Grade |
Yes Several ISO grades |
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ISO Certificate |
Yes/No |
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ISO Certificate Available |
No |
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Certified by an Accredited Agent |
Yes/No |
Workman’s compensation
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Registered |
Not as yet, used outsourced employees |
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Compliance Certified |
No |
Company
Structure
Subsidiaries
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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 |
19 |
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1. Salaried
employees |
19 |
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2. Waged
employees |
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3. Permanent
employees |
19 |
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4. Casual
employees |
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5. Contracted
employees |
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Company Fleet |
No of vehicles: |
Owned/ Leased |
Value |
Outstanding Balance |
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Fleet Operations |
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The Fleet is made up of |
No |
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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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Offices |
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Head Office Owned/ Rented |
Rented |
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Rental Company |
Burger Family trust |
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Owned by |
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Value |
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Bond |
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Bank |
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Lease Agreement |
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Lease Expire Date |
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Type of Premises |
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At this point of the investigation the respondent declined to assist further and stated they have no dealings in India and will not provide any further information.
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Branches Names |
Country |
Province |
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Unavailable |
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Branches Owned/ Rented |
Unavailable |
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Rental Company |
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Owned |
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Value |
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Bank |
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Bond |
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Lease Agreement |
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Lease Expire Date |
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Type of Premises |
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Management Overview
Organisation chart
Company Structure
(Ownership)
Note: One level up and all levels down
Trade
References
Key
deals signed within the past 12 months.
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Company |
Value |
Contact |
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Unavailable |
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Trade Reference nr |
Supplier |
Contact |
Surety Value |
Notarial Bonds |
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1 |
Unavailable |
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2 |
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3 |
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4 |
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5 |
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Trade
References Detail
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Nr |
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
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1 |
Unavailable |
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2 |
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3 |
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4 |
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Adverse
Information on Subject
Judgements
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Judgements |
None |
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Possible
Judgements |
None |
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Civil Court
Records |
None |
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RDs |
None |
Business Rescue
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Date registered |
Business rescue practitioner |
Contact Information |
Details |
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None |
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Default Listings
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Date |
Details |
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None |
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Notarial Bonds
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Date |
Details |
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None |
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Bank
Information
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Bank |
Unavailable |
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Branch |
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Bank Account Number |
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Type of Account |
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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 Codes History
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Date requested |
Bank Code |
Enquiry Amount |
Number of RD’s |
RD amount |
RD Date |
Bank Comments |
Years with bank |
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None |
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Previous Bank
Accounts
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Banker |
Branch Code |
Account Holder |
Account number |
Date opened |
Years with bank |
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None |
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Deeds
Information
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Title Deed No. |
None |
Erf/Site No. |
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Deeds Office |
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Physical Address |
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Property Type |
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Extent / Size |
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Purchase Date |
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Purchase price |
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% Ownership |
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Bond Holder |
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Bond Number |
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Bond Amount |
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Financial Information
Financial
Estimates
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CURRENT ASSETS |
Unavailable |
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Stock |
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Debtors |
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FIXED ASSETS |
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Plant, Equipment, Vehicles |
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Property |
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CURRENT LIABILITIES |
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Creditors |
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Loans/ From? |
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LONG TERM LIABILITIES |
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Morgage Bonds |
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Previous Year Turnover |
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Estimated Current Year Turnover |
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Current Turnover per month |
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Current Turnover per annum |
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Please note the
following:
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Turnover and assets less than R 1,000,000.00 |
The subject falls within the National Credit Act |
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Turnover and assets less than R 2,000,000.00 |
The subject falls within the Consumer Protection Act |
Principals
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Number of Principals |
4 |
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Average Age of Active Principals |
49 |
Active Principals
Principal 1 of 4: RAN MAIDAN
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Surname |
MAIDAN |
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First Name |
RAN |
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Other Names |
None |
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Marital Status |
Unknown |
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ID Number |
10932921 |
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Verified ID Number |
No |
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Current Age |
Unknown |
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Designation |
Director |
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Status |
Active |
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Appointment Date |
2011-01-01 |
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Physical Address
(at time of Appointment) |
22 Leonie Hill Road No 10-02 SINGAPORE 0000 |
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Postal Address |
9 Temasek Boulevard No 16-03A Suntec Tower Two 038989 SINGApore 0000 |
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Current Tel Number |
Unknown |
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Cell number |
Unknown |
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Current Fax Number |
Unknown |
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Current Email
Address |
Unknown |
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Shareholding |
(if the principal owns shares) |
Adverse
Information for: RAN MAIDAN
Judgement
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Number of
Judgements |
None |
Debt
Review
|
Debt review |
None |
Other
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Default data |
None |
Business Information for: RAN MAIDAN
Current
Business Interests
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Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
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None |
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Previous
Business Interests
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Average Age of
Previous Business Interests |
None |
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Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
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None |
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Deeds Information
Property
Interestsfor:RAN MAIDAN
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Title Deed No. |
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Erf/Site No. |
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Deeds Office |
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Physical Address |
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Property Type |
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Extent / Size |
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Purchase Date |
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Purchase price |
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% Ownership |
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Bond Holder |
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Bond Number |
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Bond Amount |
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Principal 2 of 4: YOAV AIZENBERG
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Surname |
AIZENBERG |
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First Name |
YOAV |
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Other Names |
Unknown |
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Marital Status |
Unknown |
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ID Number |
10940506 |
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Verified ID Number |
No |
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Current Age |
Unknown |
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Designation |
Director |
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Status |
Active |
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Appointment Date |
2011-01-01
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Physical Address
(at time of Appointment) |
Hardarim 23 KfarBilub 769765 ISRAEL 0000 |
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Postal Address |
Golan Street Airport City 70151 ISRAEL 0000 |
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Current Tel Number |
Unknown |
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Cell number |
Unknown |
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Current Fax Number |
Unknown |
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Current Email
Address |
Unknown |
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Shareholding |
(if the principal owns shares) |
Adverse
Information for: YOAV AIZENBERG
Judgement
|
Number of
Judgements |
None |
Debt Review
|
Debt review |
None |
Other
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Default data |
None |
Business
Information for YOAV AIZENBERG
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
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None |
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Previous Business Interests
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Average Age of
Previous Business Interests |
None |
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Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
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None |
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Deeds Information
Property Interestsfor: YOAV AIZENBERG
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Title Deed No. |
None |
Erf/Site No. |
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Deeds Office |
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Physical Address |
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Property Type |
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Extent / Size |
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Purchase Date |
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Purchase price |
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% Ownership |
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Bond Holder |
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Bond Number |
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Bond Amount |
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Principal 3 of 4:MICHEAL FERRERIA
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Surname |
FERRERIA |
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First Name |
MICHEAL |
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Other Names |
None |
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Marital Status |
Unknown |
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ID Number |
7004015030088 |
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Verified ID Number |
Yes |
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Current Age |
41 |
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Designation |
Director |
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Status |
Active |
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Appointment Date |
2008-07-24 |
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Physical Address
(at time of Appointment) |
45 Raphael Crescent Stellenberg Durbanville WESTERN CAPE 7550 |
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Postal Address |
PO Box 498 Brackenfell WESTERN CAPE 7561 |
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Current Tel Number |
021 9198475 |
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Cell number |
083 4426872 |
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Current Fax Number |
Unknown |
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Current Email
Address |
Unknown |
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Shareholding |
(if the principal owns shares) |
Adverse
Information for: MICHEAL FERRERIA
Judgement
|
Number of
Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Business
Information for: MICHEAL FERRERIA
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
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MAVERICK TRADING 74 CC |
2001/001672/23 |
In Business |
10 Years 11 Months |
0 |
No |
|
MGF FINANCIAL SERVICES |
B2003/045863/23 |
In Business |
19 Years 9 Months |
0 |
No |
Previous Business Interests
|
Average Age of
Previous Business Interests |
None |
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Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
None |
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Deeds Information
Property Interestsfor:MICHEAL FERRERIA
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Title Deed No. |
T89394 |
Erf/Site No. |
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Deeds Office |
CAPE TOWN |
Physical Address |
45 Rapheal Stellenberg BELLVILLE |
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Property Type |
Freehold / Ervin |
Extent / Size |
981.0SQM |
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Purchase Date |
2003-07-31 |
Purchase price |
R 520.000,00 |
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% Ownership |
0.0000 |
Bond Holder |
ABSA Bank |
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Bond Number |
B554672003 |
Bond Amount |
R 520.000,00 |
Principal 4 of 4: PETRUS BURGER
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Surname |
BURGER |
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First Name |
PETRUS |
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Other Names |
None |
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Marital Status |
Unknown |
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ID Number |
5307065092086 |
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Verified ID Number |
Yes |
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Current Age |
58 |
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Designation |
Director |
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Status |
Active |
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Appointment Date |
1996-06-24 |
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Physical Address
(at time of Appointment) |
3 Witzenberg Street Durbanville WESTERN CAPE 7550 |
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Postal Address |
21 Viben Road Brakenfell WESTERN CAPE 7561 |
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Current Tel Number |
021 9821460 |
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Cell number |
082 5797589 |
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Current Fax Number |
Unknown |
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Current Email
Address |
Unknown |
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Shareholding |
(if the principal owns shares) |
Adverse
Information for : PETRUS BIRGER
Judgement
|
Number of
Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Business
Information for: PETRUS BURGER
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
NELCA BELEGGINGS CC |
1992/033525/23 |
In Business |
19 Years |
0 |
No |
|
MAKHRO-AGRO (SA) (PTY) LTD |
1994/001973/07 |
In Business |
17 Years 9 Months |
0 |
No |
Previous Business Interests
|
Average Age of
Previous Business Interests |
None |
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
None |
|
|
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|
Deeds Information
Property Interestsfor: PETRUS BURGER
|
Title Deed No. |
T70573/2006 |
Erf/Site No. |
|
|
Deeds Office |
CAPE TOWN |
Physical Address |
3 Witzenberg Durbanville
Hills DURBANVILLE |
|
Property Type |
Freehold / Ervin |
Extent / Size |
1239.0SQM |
|
Purchase Date |
2006-05-30 |
Purchase price |
R 1 450 000.00 |
|
% Ownership |
0.0000 |
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
R 0.00 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.14 |
|
UK Pound |
1 |
Rs.83.08 |
|
Euro |
1 |
Rs.69.25 |
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.