MIRA
INFORM REPORT
|
Report Date : |
18.09.2012 |
IDENTIFICATION DETAILS
|
Name : |
W S LLOYD LIMITED INCORPORATED IN ENGLAND AND
WALES |
|
|
|
|
Registered Office : |
GROUND FLOOR, CLIFTON PLACE, 19 HURST GROVE, 4062 |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
11.08.2004 |
|
|
|
|
Com. Reg. No.: |
2004/022890/10 |
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|
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|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
Company includes the shipment, storage, and
distribution of vegetable oils for industrial and technical use in
manufacturing |
|
|
|
|
No. of Employees : |
7 |
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 |
SOUTH AFRICA - ECONOMIC OVERVIEW
south Africa is a middle-income, emerging market with an abundant supply
of natural resources; well-developed financial, legal, communications, energy,
and transport sectors; a stock exchange that is the 18th largest in the world;
and modern infrastructure supporting a relatively efficient distribution of
goods to major urban centers throughout the region. Growth was robust from 2004
to 2007 as South Africa reaped the benefits of macroeconomic stability and a
global commodities boom but began to slow in the second half of 2007 due to an
electricity crisis and the subsequent global financial crisis' impact on
commodity prices and demand. GDP fell nearly 2% in 2009 but recovered in
2010-11. Unemployment remains high and outdated infrastructure has constrained
growth. State power supplier Eskom encountered problems with aging plants and
meeting electricity demand necessitating "load-shedding" cuts in 2007
and 2008 to residents and businesses in the major cities. Daunting economic
problems remain from the apartheid era - especially poverty, lack of economic
empowerment among the disadvantaged groups, and a shortage of public
transportation. South Africa''s economic policy is fiscally conservative
focusing on controlling inflation and attaining a budget surplus. The current
government largely follows these prudent policies but must contend with the
impact of the global crisis and is facing growing pressure from special
interest groups to use state-owned enterprises to deliver basic services to
low-income areas and to increase job growth.
|
Source
: CIA |
Company name
|
Subject Name |
W S LLOYD LIMITED INCORPORATED IN ENGLAND AND
WALES |
|
Country |
South Africa |
|
Enquiry Terms |
COD |
|
Account Review |
Recommended Every 6 Months |
|
Subject Contact Person |
RAKHA SINGH - 0312020843 |
|
Assessment |
On investigation we established that this is a
large company. The subject is meeting commitments timeously with their
suppliers. A bank code E was obtained for an amount of R 20 000 000 over a
period of 30 days. The subject bankers consider the amount of your enquiry to
be too high. Please see the available information for the subject below. |
Company information
|
Registered Name |
W S LLOYD LIMITED INCORPORATED IN ENGLAND AND
WALES |
|
Trading as/ Division Name |
W S LLOYD |
|
Previous Name |
None |
|
Date of Name Change |
|
|
Registration Number |
2004/022890/10 |
|
Registration Date |
2004/08/11 |
|
Date Commenced Trading |
|
|
Age of Business |
8 Years 1 Months |
|
History of Business |
In 1933 Willy Lloyd founded WSL for the purpose
for trading general produce such as feathers, egg products and vegetable oils
with China. In the early 1960s, in a fast changing world and with expansion
in mind the company began to utilise their large numbers of existing contacts
and wider international links were forged. |
|
History of Principals |
|
|
Shareholders/Members/Partners of subject and %
holding |
Deemed Confidential |
|
Authorised Share Capital |
R1000.00 |
|
Issued Share Capital/Members Contribution |
R 100.00 |
|
Status |
In Business |
|
Operations Assessment |
The core operation of the company includes the shipment,
storage, and distribution of vegetable oils for industrial and technical use
in manufacturing.Castor Oils and their derivatives, Linseed OilsTung (Wood)
OilEdible Oils - sunflower, soya, rape and coconutProcessed Oils and fatty
acid derivatives Putty Oils |
|
Industry/ Customers |
RMS TRADING,NATIONAL DISTRIBUTERS etc. |
|
Export |
Yes |
|
Export Countries |
China |
|
Import |
|
|
Import Countries |
|
|
Major Industry Code / SICC |
22120 |
|
Definition of Code |
Service activities incidental to oil and gas
extraction |
|
Head Office Physical Address |
GROUND FLOOR, CLIFTON PLACE, 19 HURST GROVE, 4062 |
|
Head Office Postal Address |
P 0 BOX 50478, MUSGRAVE, 4062 |
|
Current Tel Number |
0312020843 |
|
Cell Number |
Unavailable |
|
Current Fax Number |
0312027926 |
|
Current Email Address |
|
|
Web Site Address |
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|
Comments |
|
Auditors information
|
Company Registered Name |
GRANT CLINTON ASSOCIATES |
|
Trading Name |
None |
|
Registration Number |
6611185075080 (Sole Proprieter) |
|
Physical Address |
Unit 12,7 Hollywood Park Ridge, Office Park
Estate, La Lucia, 4051 |
|
Postal Address |
P 0 BOX 848, UMHLANGA, 4320 |
|
Contact Person |
GRANT CLINTON |
|
Contact Number |
0315662480 |
|
Email |
|
|
Principals |
1 |
|
Judgements Against Subject |
None |
|
Judgements Against Principals |
None |
|
Subject Verified as Client |
Yes |
|
Practice Number |
900516 |
|
VAT Number |
4430197345 |
|
Tax Number |
|
|
BEE Status |
Level 4 |
|
Financial Year End |
FEBRUARY |
|
No of years in Business |
8 YEARS |
|
Website |
|
|
Comment |
|
Previous
Auditors
|
Company Name |
Phone Number |
Time with previous auditors |
Comment |
|
GRANT CLINTON AND ASSOCIATES |
|
Unknown |
|
Tax information
|
Vat Number |
4660180193 |
|
Status |
ACTIVE |
|
Vat Liable Date |
2004/08/11 |
|
Tax Number |
9184778158 |
|
Tax Clearance Expire Date |
|
|
Financial Year End |
December |
|
Comment |
|
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Black Economic Empowerment |
|
|
Status |
Yes |
|
Score |
5.00 |
|
Expire Date |
|
|
BEE Certificate Available |
Yes |
|
Comment |
|
|
ISO Status |
|
|
Type of ISO Grade |
9002-2008 |
|
ISO Certificate |
Yes |
|
ISO Certificate Available |
Yes |
|
Certified by an Accredited Agent |
Yes |
|
Comment |
|
|
Workman's compensation |
|
|
Registered |
Yes |
|
Compliance Certified |
Yes |
|
Comment |
|
Company structure
|
Subsidiary Company |
PARAGUAY |
|
Shareholding |
Deemed Confidential |
|
Registration Number |
|
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Import / Export |
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Comment |
|
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Subsidiary Company |
RUSSIA |
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Shareholding |
Deemed Confidential |
|
Registration Number |
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Import / Export |
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Comment |
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Employees |
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Number of Employees |
7 |
|
1. Salaried employees |
7 |
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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 |
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Comment |
|
Company Fleet
|
Company Fleet |
No of vehicles: |
Ownerd/Leased |
Value |
Outstanding Balance |
|
Fleet Operations |
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The Fleet is made up of |
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|||
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Comment |
None |
|||
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Offices
|
Offices |
Offices |
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Head Office Owned/ Rented |
Leased |
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Rental Company |
MONTAS PROPERTIES |
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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 |
3 YEARS |
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Lease Expire Date |
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Type of Premises |
OFFICES |
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Comment |
|
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Branch Information |
||
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Branches Names |
Country |
Province |
|
None |
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Branch Detail Information
|
Branches Owned/ Rented |
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|
Rental Company |
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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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Comment |
|
Management Overview
Organisation Chart
|
Level |
Position |
Name |
Comment |
|
1 |
DIRECTOR |
NIGEL GRANVILLE SMITH |
|
|
1 |
DIRECTOR |
MATILDE ALVARRAO |
|
Company Structure (Ownership)
Note: One level up and all levels down
|
Holding |
Company |
Sub |
Comment |
|
Deemed Confidential |
|
|
|
Key deals signed within the past 12 months
|
Company |
Value |
Contact |
Comment |
|
None |
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Trade References
|
Trade Reference nr |
Supplier |
Contact |
Surety Value |
Notarial Bonds |
Comment |
|
1 |
ISLAND VIEW STORAGE |
0314669000 |
|
|
|
|
2 |
STOBEL DELIVERY |
0118273389 |
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|
|
|
3 |
WARDEN |
0315777550 |
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|
|
Trade
References Detail
|
Nr |
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
|
1 |
5 Years |
|
R 50000.00 |
30 Days |
R 20000 |
30 Days |
Credit Limit - Open, Good Account |
|
2 |
2008 |
R 300000.00 |
R150000.00 |
30 Days |
R100000 |
30 Days |
Good |
|
3 |
10 Years |
|
R 200000.00 |
30 Days |
R100000 |
30 Days |
Credit Limit - Open, Good Account |
Adverse Information on Subject
Judgements
|
Judgements |
None |
|
Possible Judgements |
No Information on Record |
|
Civil Court |
No Information on Record |
|
RDs |
No Information on Record |
|
Comment |
No Information on Record |
Business Rescue
|
Date registered |
Business rescue practitioner |
Contact Information |
Details |
Comment |
|
|
No Information on Record |
No Information on Record |
No Information on Record |
None |
Default Listings
|
Date |
Details |
Comment |
|
|
No Information on Record |
None |
|
Notarial Bonds |
||
|
Date |
Details |
Comment |
|
|
No Information on Record |
None |
Bank information
|
Bank |
ABSA |
|
Branch |
LA LUCIA |
|
Brach Code |
|
|
Bank Account Number |
4063808138 |
|
Type of Account |
CURRENT |
|
Account Name |
WS LLOYD LIMITED INCOPORATED IN ENGLAND AND WALES |
|
Overdraft Facilities |
No |
|
Bank Code |
E For R 20 000 000 |
|
Bank Comment |
The subject's bankers consider the amount of your
enquiry to be too high. |
Bank Code History - No Information on Record
Previous Bank Account Information - No Information
on Record
Deeds Information - No information on record
Financial information
Financial Estimates
|
CURRENT ASSETS |
|
|
Stock |
R 6000000.00 |
|
Debtors |
|
|
FIXED ASSETS |
|
|
Plant, Equipment, Vehicles |
|
|
Property |
|
|
CURRENT LIABILITIES |
|
|
Creditors |
|
|
Loans/ From? |
|
|
Loan Details |
|
|
LONG TERM LIABILITIES |
|
|
Morgage Bonds |
|
|
Previous Year Turnover |
|
|
Estimated Current Year Turnover |
|
|
Current Turnover per month |
R 3600000.00 |
|
Current Turnover per annum |
R 43000000.00 |
|
Comment |
|
|
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 |
2 |
|
Average Age of Active Principals |
52 |
|
Active Principals Principal - 1of 2 NIGEL GRANVILLE SMITH |
|
|
Surname |
SMITH |
|
First Name |
NIGEL GRANVILLE |
|
Other Names |
|
|
Marital Status |
|
|
ID Number |
6109100000000 |
|
Verified ID Number |
No |
|
Current Age |
51 |
|
Designation |
DIRECTOR |
|
Status |
Active |
|
Appointment Date |
2004/08/11 |
|
Physical Address (at time of Appointment) |
VALLEY HOUSE, 73 VALLEY ROAD, RICKMANSWORTH,
HERFORDSHIRE WD3 4 BL UK, 0000 |
|
Postal Address |
VALLEY HOUSE, 73 VALLEY ROAD, RICKMANSWORTH,
HERFORDSHIRE WD3 4 BL UK, 0000 |
|
Current Tel Number |
|
|
Cell number |
|
|
Shareholding/Membership |
0.0000 |
Principal's Adverse - No information on record
Business Information forNIGEL GRANVILLE SMITH
Principal Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
W S LLOYD LIMITED INCORPORATED IN ENGLAND AND
WALES |
2004/022890/10 |
In Business |
8 Years 8 Months |
0 |
No |
|
Principal Previous Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
POWA FIX CC |
B1988/000160/23 |
In Business |
|
0 |
No |
|
PRINCIPAL
DEEDS INFORMATION – NO INFORMATION ON RECORD
|
Principal - 2of 2 MATILDE MATILDE C ALVARRAO |
|
|
Surname |
MATILDE C ALVARRAO |
|
First Name |
MATILDE |
|
Other Names |
|
|
Marital Status |
|
|
ID Number |
5907280079089 |
|
Verified ID Number |
Yes |
|
Current Age |
53 |
|
Designation |
DIRECTOR |
|
Status |
Active |
|
Appointment Date |
2004/08/11 |
|
Physical Address (at time of Appointment) |
37 BEARE DRIVE, MANORS, PINETOWN, 3610 |
|
Postal Address |
37 BEARE DRIVE, MANORS, PINETOWN, 3610 |
|
Current Tel Number |
0312020843 |
|
Cell number |
0832595026 |
|
Shareholding/Membership |
0.0000 |
Principal's Adverse - No information on record
Business Information forMATILDE MATILDE C ALVARRAO
Principal Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
W S LLOYD LIMITED INCORPORATED IN ENGLAND AND WALES |
2004/022890/10 |
In Business |
8 Years 8 Months |
0 |
No |
|
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
MASON OILS CC |
B2007/243332/23 |
Deregistration Final |
5 Years 5 Months |
0 |
No |
|
Principal's Deeds Information - No information on
record
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.97 |
|
|
1 |
Rs.87.52 |
|
Euro |
1 |
Rs.70.84 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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.