|
Report Date : |
29.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
MARSING AND CO
AFRICA (PTY) LTD |
|
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Registered Office : |
Unit |
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Country : |
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Date of Incorporation : |
01.06.1994 |
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Com. Reg. No.: |
1994/003721/07 |
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Legal Form : |
Private Company |
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Line of Business : |
Manufacture of
Pharmaceuticals, Medicinal Chemicals and Botanical Products. |
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|
|
|
No. of Employees : |
15 |
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 |
|
Subject Name |
MARSING
AND CO AFRICA (PTY) LTD |
|
Country |
SOUTH
AFRICA |
|
Subject Contact person |
KATHY
HADLEY – Accountant |
|
Assessment |
On
investigation we made contact with KATHY HADLEY the accountant for the
subject This
is an established business which has been in operation since 1994. The
subject is not a local credit seeker as it imports and exports 100% of its
products A
bank code could not be obtained as the account number is considered
confidential. Please
see the available information for the subject below. |
|
Registered Name |
MARSING AND CO AFRICA
(PTY) LTD |
|
Trading as/ Division Name |
MARSING |
|
Previous Name |
None |
|
Date of Name Change |
None |
|
Registration Number |
1994/003721/07 |
|
Registration Date |
1994-06-01 |
|
Date Commenced Trading |
1994-06-01 |
|
Age of Business |
March |
|
History of Business |
MARSING & CO AFRICA
(PTY) LTD was established in 1994.The Company is a subsidiary of MARSING
& CO A/S, DENMARK, which was founded in 1948 |
|
History of Principals |
Unknown |
|
Shareholders and % holding |
100 % -
MARSING & CO LTD A/S |
|
Authorised Share Capital |
Unknown |
|
Issued Share Capital |
Unknown |
|
Status |
In Business |
|
Operations Assessment |
The company is involved
sourcing, warehousing |
|
Industry/ Customers |
ADCOCK INGRAM HEALTH CARE GLAXO SMITH KLINE SANDOZ-NOVARTIS VARICHEM PHARMACEUTICALS |
|
Export |
Yes ZIMBABWE |
|
Major Industry Code / SICC |
3353 |
|
Definition of Code |
MANUFACTURE OF PHARMACEUTICALS,
MEDICINAL CHEMICALS AND BOTANICAL PRODUCTS. |
|
Head Office Physical Address |
Unit 184 379 Northlands Business
Park RANDBURG |
|
Head Office Postal Address |
PO Box 671 RANDBURG 2125 |
|
Current Tel Number |
011 4626913 |
|
Cell number |
Unknown |
|
Current Fax Number |
011 4622045 / 086 6074328 |
|
Current Email Address |
|
|
Web Site Address |
|
Company Registered Name |
GENESIS CHARTERED ACCOUNTANTS |
|
Trading Name |
None |
|
Registration Number |
None |
|
Physical Address |
8 Sunpark 178 Smit Street FAIRLANDS GAUTENG 2195 |
|
Postal Address |
P.O Box 73503 FAIRLANDS 2030 |
|
Contact Person |
BELINDA |
|
Contact Number |
011
4767840 |
|
Email |
|
|
Principals |
2 |
|
Judgements Against Subject |
No information found |
|
Judgements Against Principals |
No information found |
|
Subject Verified as Client |
Yes |
|
Profession Number |
Unknown |
|
VAT Number |
Unknown |
|
Tax Number |
Unknown |
|
BEE Status |
Unknown |
|
Financial Year End |
March |
|
Years With Auditors |
7 Years |
|
Website |
|
Company Name |
Phone Number |
Time with previous auditors |
|
KPMG INC |
Unavailable |
Unknown |
|
GRANT THORNTON
KESSEL FEINSTEIN |
Unavailable |
14 Years |
|
Vat Number |
4870144393 |
|
Status |
ACTIVE |
|
Vat Liable Date |
1994/07/15 |
|
Tax Number |
9376413846 |
|
Tax Clearance Expire Date |
Unknown |
|
Financial Year End |
March |
|
Status |
Active |
|
Score |
Level 8 |
|
Expire Date |
2011-10-06 |
|
BEE Certificate Available |
Yes – See Attached |
|
Type of ISO Grade |
None |
|
Registered |
Yes |
|
Compliance Certified |
Yes |
Subsidiaries
|
Subsidiary Company |
None |
|
Shareholding |
|
|
Registration Number |
|
|
Import / Export |
|
|
Number of
Employees |
15 |
|
1. Salaried
employees |
15 |
|
2. Permanent
employees |
15 |
Company Fleet |
No of vehicles: |
Owned/ Leased |
Value |
Outstanding Balance |
|
Fleet Operations |
4 |
|
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The Fleet is made up of |
4 Vehicles |
|||
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1. Cars |
2 |
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2. Light
Delivery Vehicles |
2 |
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Offices |
|
Head Office Owned/ Rented |
Rented |
|
Rental Company |
RENNIE PROPERTY |
|
Lease Agreement |
Annual Lease |
|
Lease Expire Date |
Unavailable |
|
Type of Premises |
Offices and Warehouse |
|
Branches Names |
Country |
Province |
|
Port Elizabeth |
South Africa |
Eastern Cape |
Branches Owned/ Rented |
Rented |
|
Rental Company |
Unknown |
|
Level |
Position |
Name |
|
1 |
Managing Director |
ROBERT SPRINGER |
Note: One level up and
all levels down
|
Holding |
Company |
Sub |
|
None |
|
|
Trade References
|
Company |
Value |
Contact |
|
None |
|
|
|
Trade Reference nr |
Supplier |
Contact |
|
1 |
KAPELE FREIGHT |
011 398 4919 |
|
2 |
LOGISTIX SA |
011 9077730 |
Trade References Detail
|
Nr |
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
|
1 |
2007 |
R 3 000 000 |
R
2 000 000 |
30 days |
R 500 000 |
30 days |
Account is
insured with Lombard Insurance |
|
2 |
Awaiting |
fax |
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|
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Adverse Information on Subject
Judgements
|
Judgements |
None |
|
Possible
Judgements |
None |
|
Civil Court |
None |
|
RDs |
None |
Business Rescue
|
Date registered |
Business rescue practitioner |
Contact Information |
Details |
|
None |
|
|
|
Default Listings
|
Date |
Details |
|
None |
|
Notarial Bonds
|
Date |
Details |
|
None |
|
|
Bank |
NEDBANK |
|
Branch |
West Rand |
|
Bank Account Number |
Confidential |
|
Type of Account |
Cheque account |
|
Account Name |
MARSING AND CO. AFRICA
(PTY) LTD |
|
Overdraft Facilities |
Yes, The subject has an
overdraft facility which is not utilized by the concern |
|
Date Opened |
Unavailable |
|
Bank Code |
Unavailable |
|
Bank Comment |
Unavailable |
Bank Codes History
|
Date requested |
Bank Code |
Enquiry Amount |
Number of RD’s |
RD amount |
RD Date |
Bank Comments |
Years with bank |
|
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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|
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Property Interests for Company
|
Title Deed No. |
None |
Erf/Site No. |
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|
Deeds Office |
|
Physical Address |
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|
Property Type |
|
Extent / Size |
|
|
Purchase Date |
|
Purchase price |
|
|
% Ownership |
|
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
|
Financial Estimates
The stock amount
was obtained. Further financials are deemed confidential.
|
CURRENT ASSETS |
|
|
Stock |
R 8 000 000 |
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 |
1 |
|
Average Age of Active Principals |
58 |
Active Principals
Principal 1 of 1: ROBERT SPRINGER
|
Surname |
SPRINGER |
|
First Name |
ROBERT |
|
Other Names |
None |
|
Marital Status |
Married |
|
ID Number |
5404225189108 |
|
Verified ID Number |
Yes |
|
Current Age |
58 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
1994-07-01 |
|
Physical Address (at time of Appointment) |
4 Chatsworth Road Hurlpark SANDTON 2191 |
|
Postal Address |
PO Box 671 RANDBURG 2125 |
|
Current Tel Number |
011 8842655 |
|
Cell number |
082 8211706 |
|
Current Fax Number |
011 4622045 / 086 6074328 |
|
Current Email Address |
|
|
Shareholding |
None |
Adverse Information for: ROBERT SPRINGER
Judgement
|
Number of
Judgements |
None |
Debt
Review
|
Debt review |
None |
Other
|
Default data |
None |
Business
Information for: ROBERT SPRINGER
Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
JUSCROLEX NUTRITION (PTY)LTD |
2009/019257/07 |
In Business |
2 Years 8 Months |
0 |
No |
|
EL GONDOR TRADING 307 (PTY)LTD |
2009/019297/07 |
In Business |
2 Years 8 Months |
0 |
No |
|
MARSING AND CO AFRICA (PTY)LTD |
M1994/003721/07 |
In Business |
18 Years |
0 |
No |
|
GUMSHOE TRADING (PTY)LTD |
M2004/019530/07 |
In Business |
7 Years 11 Months |
0 |
No |
Previous
Business Interests
|
Average Age of
Previous Business Interests |
20 Years |
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
DUCHASS CORONA (PTY)LTD |
1985/000463/07 |
Deregistration Final |
27 Years 5 Months |
0 |
No |
|
MCR SPRINGER INTERNATIONAL TRADE CC |
1992/010504/23 |
Deregistration Final |
20 Years 2 Months |
0 |
No |
|
PETRO PHARMA AFRICA (PTY)LTD |
1993/002095/07 |
Deregistration Final |
19 Years 2 Months |
0 |
No |
|
ALTEILE CC |
1997/041160/23 |
Deregistration Process |
14 Years 11 Months |
0 |
No |
Property
Interests for: ROBERT SPRINGER
|
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.56.92 |
|
|
1 |
Rs.88.91 |
|
Euro |
1 |
Rs.71.25 |
INFORMATION DETAILS
|
Report Prepared
by : |
PRL |
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.