MIRA
INFORM REPORT
|
Report Date : |
28.09.2012 |
IDENTIFICATION DETAILS
|
Name : |
MASTERBATCH |
|
|
|
|
Registered Office : |
13 Spanner Road, Spartan, KEMPTON PARK, GAUTENG |
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Country : |
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Date of Incorporation : |
19.01.1998 |
|
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Com. Reg. No.: |
2004/007881/07 |
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|
Legal Form : |
Private Limited |
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Line of Business : |
Manufacture of Basic Chemicals,Except Fertilizers
and Nitrogen Compounds |
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|
No. of Employees : |
Not Available |
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
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 Unemployment remains high and outdated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 |
MASTERBATCH SOUTH AFRICA (PTY)LTD |
|
Country |
South Africa |
|
Enquiry Terms |
COD |
|
Account Review |
|
|
Subject Contact Person |
RYAN BERNBERG - Financial Manager |
|
Assessment |
This is a well-established and well -connected
business. On investigation contact was made with the Financial Manager MR.
RYAN BERNBERG. The business has been in operation for more than 14 years.
Banking information and financial information could not be obtained as the
information is considered confidential. The spokesperson has requested that
an emailed questionaire be forwarded for other information to be completed by
him. This was duly sent and we have received no response to date. We await
further information. Please see the available information obtained below. |
Company
information
|
Registered Name |
MASTERBATCH SOUTH AFRICA(PTY)LTD |
|
Trading as/ Division Name |
MASTERBATCH SA |
|
Previous Name |
MASTERBATCH SOUTH AFRICA CC |
|
Date of Name Change |
|
|
Registration Number |
2004/007881/07 |
|
Registration Date |
1998/01/19 |
|
Date Commenced Trading |
|
|
Age of Business |
14 Years 8 Months |
|
History of Business |
MASTERBATCH SOUTH AFRICA CC (registration number
B1998/002489/23) was registered in January 1998 and underwent a conversion in
2004 to a (PTY)LTD. The company has agencies in Zambia, East London and Port
Elizabeth. |
|
History of Principals |
Unavailable |
|
Shareholders/Members/Partners of subject and %
holding |
Unavailable |
|
Authorised Share Capital |
R0.00 |
|
Issued Share Capital/Members Contribution |
R0.00 |
|
Status |
Active |
|
Operations Assessment |
The company manufactures a wide variety of pigments
and additives such as • Anti-static • Flame retardant* UV/Light Stabilisers*
Processing Aid • Anti-fog* Anti-oxidants* Anti-block* Slip additives •
Biomaster anti-microbial As well as Polymer specific masterbatches |
|
Industry/ Customers |
The Plastic,Automotive,Medical packaging and
equipment, toy manufacturers etc. |
|
Export |
Yes |
|
Export Countries |
|
|
Import |
Yes |
|
Import Countries |
|
|
Major Industry Code / SICC |
33410 |
|
Definition of Code |
MANUFACTURE OF BASIC CHEMICALS,EXCEPT FERTILIZERS
AND NITROGEN COMPOUNDS |
|
Head Office Physical Address |
13 Spanner Road, Spartan, KEMPTON PARK, GAUTENG |
|
Head Office Postal Address |
PO BOX 4541, Atlasville, BOKSBURG, 1465 |
|
Current Tel Number |
0119750222 |
|
Cell Number |
082 8879040 |
|
Current Fax Number |
011 9756252 / 086 5108036 |
|
Current Email Address |
|
|
Web Site Address |
www. masterbatch. co. Za |
|
Comments |
|
Auditors
information
|
Company Registered Name |
BAXTERS CHARTERED ACCOUNTANTS REGISTERED AUDITORS |
|
Trading Name |
BAXTERS |
|
Registration Number |
SOLE PROPRIETORSHIP - 7102045163083 |
|
Physical Address |
79 AStiglingh Road, Rivonia, SANDTON |
|
Postal Address |
P 0 BOX 2035, RIVONIA, 2128 |
|
Contact Person |
|
|
Contact Number |
011 8072121 |
|
Email |
|
|
Principals |
1 |
|
Judgements Against Subject |
No information on file |
|
Judgements Against Principals |
No information on file |
|
Subject Verified as Client |
Yes |
|
Practice Number |
957828 |
|
VAT Number |
4210149839 |
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Tax Number |
None |
|
BEE Status |
None |
|
Financial Year End |
February |
|
No of years in Business |
Unknown |
|
Website |
None |
|
Comment |
THE ADDRESS BELOW IS THE REGISTERED ADDRESS OF
THE AUDITORS. SECOND FLOOR, 345 RIVONIA BOULEVARD, RIVONIA, 2128 |
Previous
Auditors
|
Company Name |
Phone Number |
Time with previous auditors |
Comment |
|
RONALD RIBACK AND COMPANY |
|
14 |
|
Tax
information
|
Vat Number |
4410171799 |
|
Status |
ACTIVE |
|
Vat Liable Date |
1998/02/01 |
|
Tax Number |
9494406847 |
|
Tax Clearance Expire Date |
|
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Financial Year End |
February |
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Comment |
|
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|
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Black Economic Empowerment Information - No
Information on Record |
|
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ISO Status |
|
|
Type of ISO Grade |
ISO 9001; ISO 14 000;ISO
18 000 and ISO 22 000 accreditation |
|
ISO Certificate |
Yes |
|
ISO Certificate Available |
Yes |
|
Certified by an
Accredited Agent |
Yes |
|
Comment |
|
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Workman's compensation |
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Registered |
Yes |
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Compliance Certified |
Yes |
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Comment |
|
Company Structure
Subsidiaries
|
Subsidiary Company |
UNDISCLOSED |
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Shareholding |
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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 |
UNDISCLOSED |
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1. Salaried employees |
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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 |
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Company Fleet |
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Company Fleet |
No of vehicles: |
Ownerd/Leased |
Value |
Outstanding Balance |
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Fleet Operations |
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The Fleet is made up of |
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Comment |
FURTHER DETAILS WERE NOT AAADE AVAILABLE |
|||
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Light delivery Vehicles |
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Offices
|
Offices |
Offices |
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Head Office Owned/ Rented |
Owned |
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Rental Company |
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Owned by |
UNDISCLOSED |
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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 |
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Branch Information |
||
|
Branches Names |
Country |
Province |
|
MASTERBATCH Cape Town Branch |
South Africa |
CAPE TOWN |
|
MASTERBATCH Kwazulu Natal Branch |
South Africa |
Kwazulu Natal |
|
Branch Detail Information |
||
|
Branches Owned/ Rented |
Leased |
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|
Rental Company |
UNDISCLOSED |
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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 |
2 Warbler Close, Unit 1, Marconi Estate, Montague
Gardens, 7441 |
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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 |
Unit 9, Tilt Up Park, 4 Umdoni Crescent, Westmead |
Management Overview
Organisation
Chart
|
Level |
Position |
Name |
Comment |
|
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|||
|
1 |
Managing Director |
Anthony van Niekerk |
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2 |
National Sales Director |
Phil Johnson |
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3 |
Export Sales Director |
Brian Jensen |
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Company Structure Information - No Information on
Record
Note: One level up and all levels down
Key Deals - No Information on Record
Trade References Information - No Information on
Record
Adverse Information on
Subject
Judgements
|
Judgements |
None on file |
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Possible Judgements |
None on file |
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Civil Court |
None on file |
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RDs |
None on file |
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Comment |
No Information on Record |
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Business Rescue |
|||||
|
Date registered |
Business rescue practitioner |
Contact Information |
Details |
Comment |
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|
|
None on file |
No Information on Record |
No Information on Record |
No Information on Record |
|
Default
Listings
|
Date |
Details |
Comment |
|
|
None on file |
No Information on Record |
|
Date |
Details |
Comment |
|
|
None on file |
No Information on Record |
Bank Information – No
Information On Record
Bank Code History –
No Information On Record
Previous Bank Account
Information- No Information On Record
Deeds Information
- No Information On Record
Principals
|
Number of Principals |
3 |
|
Average Age of Active Principals |
49 |
|
Active Principals Principal - 1of 3 BRIAN JENSEN |
|
|
Surname |
JENSEN |
|
First Name |
BRIAN |
|
Other Names |
|
|
Marital Status |
Married |
|
ID Number |
5710155243081 |
|
Verified ID Number |
No |
|
Current Age |
55 |
|
Designation |
BUSINESSMAN |
|
Status |
Active |
|
Appointment Date |
2004/03/19 |
|
Physical Address (at time of Appointment) |
8 SAPPHIRE STREET, FAIRFIELD ESTATE, WITKOPPEN X6
FOURWAYS, Gauteng, 2004 |
|
Postal Address |
P 0 BOX 4541, ATLASVILLE, JOHANNESBURG, Gauteng,
1465 |
|
Current Tel Number |
0119573734 |
|
Cell number |
0828879040 |
|
Shareholding/Membership |
0.0000 |
Business Information
forBRIAN JENSEN
Principal
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
FIRE WINGS PROPERTIES 42 (PTY) LTD |
2004/000143/07 |
In Business |
8 Years 8 Months |
0 |
No |
|
|
GOLDEN RIBBON TRADING 61 (PTY) LTD |
2004/015677/07 |
In Business |
8 Years 8 Months |
0 |
No |
|
|
JENCHEM PROPERTIES CC |
B1991/019322/23 |
In Business |
21 Years 9 Months |
0 |
No |
|
|
AAASTERBATCH SOUTH AFRICA CC |
B1998/002489/23 |
Conversion CO/CC or CC/CO |
14 Years 2 Months |
0 |
No |
|
|
AAASTERBATCH PROPERTIES CC |
B2000/046171/23 |
Conversion CO/CC or CC/CO |
0 |
0 |
No |
|
|
SOUTHERN PALACE INVESTMENTS 25 (PTY) LTD |
M2004/002995/07 |
In Business |
8 Years 8 Months |
0 |
No |
|
|
DONATIES TRADERS (PTY) LTD |
M2004/013408/07 |
In Business |
8 Years 8 Months |
0 |
No |
|
Principal Previous Business
interests
Average Age of Previous Business
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
CHEM-PRINT AGENCIES CC |
B1990/036151/23 |
Deregistration Final |
22 Years 10 Months |
0 |
No |
|
|
MASTERBATCH SA (CAPE) CC |
B2002/023838/23 |
In Business |
10 Years 10 Months |
0 |
No |
|
|
GOUDVELD MAKELAARS (PTY)LTD |
M1996/011135/07 |
In Business |
16 Years 4 Months |
0 |
No |
|
|
TIMBERPLAS (PTY)LTD |
M2000/025951 /07 |
In Business |
|
0 |
No |
|
|
WEST DUNES PROPERTIES 237 (PTY) LTD |
M2004/034408/07 |
In Business |
8 Years 8 Months |
0 |
No |
|
ANTHONY Van Niekerk
|
Surname |
Van Niekerk |
|
First Name |
ANTHONY |
|
Other Names |
None |
|
Marital Status |
Married |
|
ID Number |
7207065223087 |
|
Verified ID Number |
Yes |
|
Current Age |
40 |
|
Designation |
BUSINESSMAN |
|
Status |
Active |
|
Appointment Date |
2004/03/19 |
|
Physical Address (at time of Appointment) |
6 VILJOEN STREET, BEYERSPARK, BOKSBURG, Gauteng,
1459 |
|
Postal Address |
P 0 BOX 4541, ATLASVILLE, Gauteng, 1465 |
|
Current Tel Number |
0119750222 |
|
Cell number |
0827821051 |
|
Shareholding/Membership |
0.0000 |
Business Information for ANTHONY Van Niekerk
Principal Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
FIRE WINGS PROPERTIES 42 (PTY) LTD |
2004/000143/07 |
In Business |
8 Years 8 Months |
0 |
No |
|
|
GOLDEN RIBBON TRADING 61 (PTY) LTD |
2004/015677/07 |
In Business |
8 Years 8 Months |
0 |
No |
|
|
CAPSTONE SOLUTIONS CC |
B1996/016472/23 |
In Business |
16 Years 4 Months |
0 |
No |
|
|
AAASTERBATCH SOUTH AFRICA CC |
B1998/002489/23 |
Conversion CO/CC or CC/CO |
14 Years 2 Months |
0 |
No |
|
|
AAASTERBATCH PROPERTIES CC |
B2000/046171/23 |
Conversion CO/CC or CC/CO |
0 |
0 |
No |
|
|
EURO BLITZ 1100 CC |
B2002/016769/23 |
In Business |
10 Years 10 Months |
0 |
No |
|
|
AAASTERBATCH SA (CAPE) CC |
B2002/023838/23 |
In Business |
10 Years 10 Months |
0 |
No |
|
|
SILVER TUNNEL INVESTMENTS 50 (PTY) LTD |
M2004/002997/07 |
In Business |
8 Years 8 Months |
0 |
No |
|
|
DONATIES TRADERS (PTY) LTD |
M2004/013408/07 |
In Business |
8 Years 8 Months |
0 |
No |
|
|
WEST DUNES PROPERTIES 237 (PTY) LTD |
M2004/034408/07 |
In Business |
8 Years 8 Months |
0 |
No |
|
Principal's Deeds Information - No information on
record
Average Age of Previous Business
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
TIMBERPLAS (PTY)LTD |
M2000/025951/07 |
In Business |
|
0 |
No |
|
|
MAJESTIC SILVER TRADING 130 (PTY) LTD |
M2005/022013/07 |
Deregistration Final |
7 Years 7 Months |
0 |
No |
|
LTD%20-%20194708%2028-Sep-2012_files/image001.gif)
PHILIP JOHNSON
|
Surname |
JOHNSON |
|
First Name |
PHILIP |
|
Other Names |
None |
|
Marital Status |
|
|
ID Number |
5907115239105 |
|
Verified ID Number |
|
|
Current Age |
53 |
|
Designation |
BUSINESSMAN |
|
Status |
Active |
|
Appointment Date |
2004/03/19 |
|
Physical Address (at time of Appointment) |
32 ROETS STREET, BEYERSPARK, BOKSBURG, Gauteng,
1459 |
|
Postal Address |
P 0 BOX 4541, ATLASVILLE, 1460 |
|
Current Tel Number |
|
|
Cell number |
|
|
Shareholding/Membership |
0.0000 |
Business Information forPHILIP JOHNSON
Principal Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
GOLDEN RIBBON TRADING 61 (PTY) LTD |
2004/015677/07 |
In Business |
8 Years 8 Months |
0 |
No |
|
|
CAPSTONE SOLUTIONS CC |
B1996/016472/23 |
In Business |
16 Years 4 Months |
0 |
No |
|
|
AAASTERBATCH SOUTH AFRICA CC |
B1998/002489/23 |
Conversion CO/CC or CC/CO |
14 Years 2 Months |
0 |
No |
|
|
EURO BLITZ 1100 CC |
B2002/016769/23 |
In Business |
10 Years 10 Months |
0 |
No |
|
|
AAASTERBATCH SA (CAPE) CC |
B2002/023838/23 |
In Business |
10 Years 10 Months |
0 |
No |
|
|
SILVER TUNNEL INVESTMENTS 47 (PTY) LTD |
M2004/002968/07 |
In Business |
8 Years 8 Months |
0 |
No |
|
Principal's Deeds Information - No information on
record
Average Age of Previous Business
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
BANBURY CHEMICALS CC |
B1991/017165/23 |
In Business |
21 Years 9 Months |
0 |
No |
|
|
WEST DUNES PROPERTIES 237 (PTY) LTD |
M2004/034408/07 |
In Business |
8 Years 8 Months |
0 |
No |
|
|
MAJESTIC SILVER TRADING 130 (PTY) LTD |
M2005/022013/07 |
Deregistration Final |
7 Years 7 Months |
0 |
No |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.25 |
|
|
1 |
Rs.86.23 |
|
Euro |
1 |
Rs.68.63 |
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.