|
Report Date : |
10.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
DICLA FARM AND SEED
(PTY)LTD |
|
|
|
|
Formerly Known As : |
DICLA
FARM AND SEED CC |
|
|
|
|
Registered Office : |
Plot 11,
Van Wyksvlei, Next to R28, MULDERSDRIFT, Krugersdorp, 1747 |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
12.05.1997 |
|
|
|
|
Com. Reg. No.: |
1997/024485/23 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Wholesale
trade in agricultural raw materials and livestock |
|
|
|
|
No. of Employees : |
250 |
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 (31.03.2011) |
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 Unemployment remains high and outdated infrastructure has constrained growth.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
|
Subject
Name |
DICLA
FARM AND SEED CC |
|
Country |
South
Africa |
|
Subject Contact
Person |
MRS.
LINDA ESTERHUYSEN |
|
Assessment |
This is
a well-established and well -connected business. On investigation we made
contact with the Financial Director MRS. LINDA ESTERHUYSEN who assisted us
with all the information required. The subject is meeting commitments
timeously with suppliers. We still Awaiting a bank code for R 2 500 000 over
a period of 30 Days.Please see the available information on the subject
below. |
|
Registered
Name |
DICLA FARM
AND SEED (PTY)LTD |
|
Trading
as/ Division Name |
DICLA
FARM AND SEED |
|
Previous
Name |
DICLA
FARM AND SEED CC |
|
Date of
Name Change |
|
|
Registration
Number |
1997/024485/23 |
|
Registration
Date |
1997/05/12 |
|
Date
Commenced Trading |
1997-05-12 |
|
Age of
Business |
15 Years
7 Months |
|
History
of Business |
The
subject converted from DICLA FARM AND SEED CC to DICLA FARM AND SEED (PTY)LTD
- registration certificate number:
1997/024485/23 in March 2009 and simultaneously incorporated the trading
operations and assets of an associated close corporation namely, TIJBROS
AGRICULTURAL MACHINERY CC (Registration Certificate Number: 1988/002062/23).
The subject was originally established as a sole proprietorship by D TIJSSEN
in 1990. |
|
History of
Principals |
There
are currently 2 Active Directors with the subject. |
|
Shareholders/Members/Partners
of subject and % holding |
70 % -
JOHANNES TIJSSEN, 30 % - LINDA ESTERHUYSEN |
|
Authorised
Share Capital |
R0.00 |
|
Issued
Share Capital/Members Contribution |
R0.00 |
|
Status |
In
Business |
|
Operations
Assessment |
The
building, selling and erecting of tunnels, hydroponic tunnels, green houses,
piggeries, broilers and the supplying of fertilizers, pesticides, spraying equipment,
greenhouse film, shade nets, irrigation equipment and accessories such as
irrigation controllers, water tanks etc. The importing and selling of farm
implements such as tractors, generators and related machinery. The subject
also operates as a vegetable farm. |
|
Industry/
Customers |
Agricultural
industry such as farmers etc. Vegetables are sold to retailers. |
|
Export |
Yes |
|
Export
Countries |
|
|
Import |
|
|
Import
Countries |
|
|
Major
Industry Code / SICC |
61210 |
|
Definition
of Code |
Wholesale
trade in agricultural raw materials and livestock |
|
Head
Office Physical Address |
Plot 11,
Van Wyksvlei, Next to R28, MULDERSDRIFT, Krugersdorp, 1747 |
|
Head
Office Postal Address |
P 0 Box
339, MULDERSDRIFT, 1747 |
|
Current
Tel Number |
0116221371 |
|
Cell
Number |
|
|
Current
Fax Number |
0116621363 |
|
Current
Email Address |
|
|
Web Site
Address |
|
|
Comments |
|
|
Company
Registered Name |
VAN DYK
& ASSOCIATES |
|
Trading
Name |
|
|
Registration
Number |
|
|
Physical
Address |
37 Brown
fischer Dirve, ROBINDALE, GAUTENG |
|
Postal
Address |
PO BOX
1210, RANDBURG, 2125 |
|
Contact Person |
NIC VAN
DYK |
|
Contact
Number |
0827827173 |
|
Email |
|
|
Principals |
1 |
|
Judgements
Against Subject |
|
|
Judgements
Against Principals |
|
|
Subject
Verified as Client |
Yes |
|
Practice
Number |
900237 |
|
VAT
Number |
|
|
Tax
Number |
|
|
BEE
Status |
|
|
Financial
Year End |
|
|
No of
years in Business |
14 |
|
Website |
|
|
Comment |
|
Previous
Auditors Information - No Information on Record
|
Vat Number |
4540171461 |
|
Status |
ACTIVE |
|
Vat
Liable Date |
1998/03/01 |
|
Tax
Number |
9553317844 |
|
Tax
Clearance Expire Date |
|
|
Financial
Year End |
April |
|
Comment |
|
Black Economic Empowerment Information - No Information
on Record
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 |
250 |
|||
|
1.
Salaried employees |
250 |
|||
|
2. Waged
employees |
|
|||
|
3.
Permanent employees |
250 |
|||
|
4.
Casual employees |
|
|||
|
5.
Contracted employees |
|
|||
|
Comment |
|
|||
|
Company
Fleet |
||||
|
Company
Fleet |
No of
vehicles: |
Ownerd/Leased |
Value |
Outstanding
Balance |
|
Fleet
Operations |
|
|
|
|
|
The
Fleet is made up of |
23 |
|||
|
Comment |
|
|||
|
Cars |
10 |
Owned |
|
|
|
Light
delivery Vehicles |
10 |
Owned |
|
|
|
Trucks |
3 |
Owned |
|
|
Office
|
Offices |
Offices |
|
Head
Office Owned/ Rented |
Owned |
|
Rental
Company |
|
|
Owned by |
TIJBROS
AGRICULTURAL AAACHINERY CC |
|
Value |
R10000000.00 |
|
Bond |
|
|
Bank |
|
|
Lease
Agreement |
|
|
Lease
Expire Date |
|
|
Type of
Premises |
Administration
offices, storage, warehousing |
|
Comment |
The
heading premises cover 6.8 hectares, which comprise of administration
offices, storage, warehousing and workshop facilities as well as a small
vegetable farm with 40 tunnels. |
|
Branches
Names |
Country |
Province |
|
|
South
Africa |
|
|
Branch
Detail Information |
||
|
Branches
Owned/ Rented |
Owned |
|
|
Rental
Company |
|
|
|
Owned by |
|
|
|
Value |
|
|
|
Bond |
|
|
|
Bank |
|
|
|
Lease
Agreement |
|
|
|
Lease
Expire Date |
|
|
|
Type of
Premises |
|
|
|
Comment |
The
subject has 3 title deeds covering 70 hectares in the Tarlton district which
is reported to be owned by the associated companies, with a combined market
value in the region of R20 000 000. The subject has approximately 30
dealerships countrywide. |
|
Organisational
Chart - No Information on Record
Company
Structure (Ownership)
Note: One
level up and all levels down
|
Holding |
Company |
Sub |
Comment |
|
30% |
LINDA ESTERHUYSEN |
|
|
|
70% |
JOHANNES
TIJSSEN |
|
|
Key Deals
- No Information on Record
Trade
References
|
Trade
Reference nr |
Supplier |
Contact |
Surety
Value |
Notarial
Bonds |
Comment |
|
1 |
BARLOWORLD |
0118980000 |
|
|
|
|
2 |
CARGOCARE
FREIGHT |
0118224111 |
|
|
|
|
3 |
NORTHGATE
TYRE |
011 660
6360 |
|
|
|
Trade
References Detail
|
Nr |
Age of
Acc |
Credit
Limit |
Max
Credit |
Terms |
Average
Purchases |
Terms
Taken |
Comment |
|
1 |
13 Years |
R
200000.00 |
R100000 |
30 Days |
R 85000 |
30 Days |
Very
good account |
|
2 |
6 Years |
R
2500000.00 |
R
2000000 |
30 Days |
R 800000 |
30 Days |
Good
Account |
|
3 |
3 Years |
|
R100000 |
30 Days |
R 65000 |
30 Days |
Good
account. The subject has no credit limit. |
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 |
ABSA |
|
Branch |
CLEARWATER
AAALL |
|
Brach
Code |
632005 |
|
Bank
Account Number |
4050205682 |
|
Type of
Account |
Cheque |
|
Account
Name |
DICLA
FARM AND SEED (PTY)LTD |
|
Overdraft
Facilities |
Yes |
|
Bank
Code |
Awaiting
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
|
CURRENT
ASSETS |
|
|
Stock |
R
30000000.00 |
|
Debtors |
R
9000000.00 |
|
FIXED
ASSETS |
|
|
Plant,
Equipment, Vehicles |
|
|
Property |
R10000000.00 |
|
CURRENT
LIABILITIES |
|
|
Creditors |
R
2500000.00 |
|
Loans/
From? |
R
8000000.00 |
|
Loan
Details |
|
|
LONG
TERM LIABILITIES |
|
|
Morgage
Bonds |
R
4000000.00 |
|
Previous
Year Turnover |
R
80000000.00 |
|
Estimated
Current Year Turnover |
R120000000.00 |
|
Current
Turnover per month |
|
|
Current
Turnover per annum |
|
|
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 |
3 |
|
Average
Age of Active Principals |
50 |
|
Active Principals
Principal - 1of 4 JOHANNES TIJSSEN |
|
|
Surname |
TIJSSEN |
|
First
Name |
JOHANNES |
|
Other
Names |
None |
|
Marital
Status |
Married |
|
ID
Number |
7806135133083 |
|
Verified
ID Number |
Yes |
|
Current
Age |
34 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment
Date |
2000/07/11 |
|
Physical
Address (at time of Appointment) |
256
BARTLETT ROAD, THORN VALLEY, KRUGERSDORP, 1747 |
|
Postal
Address |
PO BOX
339, MULDERSDRIFT, 1747 |
|
Current
Tel Number |
0119580653 |
|
Cell
number |
0828549414 |
|
Shareholding/Membership |
70% |
Principal's
Adverse - No information on record
Business
Information forJOHANNES TIJSSEN Principal Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
DICLA
FARM AND SEED (PTY)LTD |
M2009/006254/07 |
In
Business |
3 Years
3 Months |
0 |
No |
|
|
JOCLAS
FARMING (PTY) LTD |
K2012/104850/07 |
In
Business |
0 |
0 |
No |
|
|
JOMANDI
GENERATORS CC |
B2005/110523/23 |
In
Business |
7 Years
7 Months |
0 |
No |
|
|
DICLA
FARM AND SEED CC |
1997/024485/23 |
Conversion
CO/CC or CC/CO |
15 Years
3 Months |
0 |
No |
|
Average
Age of Previous Business15 Years
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
DICLA
TRAINING AND FARMING CC |
2007/210871/23 |
In
Business |
5 Years
5 Months |
0 |
No |
|
|
JOMAJOCO
BOERDERY CC |
B1988/014507/23 |
In
Business |
|
0 |
No |
|
|
TIJBROS
AGRICULTURAL MACHINERY CC |
B1998/002062/23 |
In Business |
14 Years
2 Months |
0 |
No |
|
|
KIRD
PROPERTIES (PTY) LTD |
M1971/013438/07 |
In
Business |
41 Years
5 Months |
0 |
No |
|
Principal's
Deeds Information - No information on record
Principal
Previous Business Interests
Principal -
2of 4 DIRK TIJSSEN
|
Surname |
TIJSSEN |
|
First
Name |
DIRK |
|
Other
Names |
|
|
Marital
Status |
|
|
ID
Number |
5311265029187 |
|
Verified
ID Number |
Yes |
|
Current
Age |
59 |
|
Designation |
Invalid
Code |
|
Status |
Resigned |
|
Appointment
Date |
1998/01/20 |
|
Physical
Address (at time of Appointment) |
VALHALLASTRAAT
337, RUIMSIG COUNTRY ESTATE, KRUGERSDORP, 1739 |
|
Postal
Address |
337
VALHALLA STREET, RUIMSIG, COUNTRY ESTATES, KRUGERSDORP, 1739 |
|
Current
Tel Number |
0116622846 |
|
Cell
number |
0828768359 |
|
Shareholding/Membership |
|
Business
Information forDIRK TIJSSEN
Principal
Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
WORLDWIDE
SATTER FLOWERS S A (PTY)LTD |
M2002/026546/07 |
In
Business |
10 Years
10 Months |
0 |
No |
|
|
KIRD
PROPERTIES (PTY) LTD |
M1971/013438/07 |
In
Business |
41 Years
5 Months |
0 |
No |
|
|
ERF 336
RUIMSIG NOORD CC |
B2003/093210/23 |
In
Business |
9 Years 9
Months |
0 |
No |
|
|
TARLTON
NEW HOLLAND AGRICULTURAL MACHINERY CC |
B2002/088666/23 |
In
Business |
10 Years
10 Months |
0 |
No |
|
|
TIJBROS
AGRICULTURAL MACHINERY CC |
B1998/002062/23 |
In
Business |
14 Years
2 Months |
0 |
No |
|
|
DICLA EIENDOMME
CC |
B1990/002056/23 |
In
Business |
22 Years
10 Months |
0 |
No |
|
|
DICLA
FARMS |
5311265029104 |
|
Unknown |
0 |
No |
|
|
DICLA
FARM AND SEED CC |
1997/024485/23 |
Conversion
CO/CC or CC/CO |
15 Years
3 Months |
0 |
No |
|
Principal's
Deeds Information - No information on record
Principal
Previous Business Interests
Average
Age of Previous Business4 Years
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
DICLA TRAINING
AND FARMING CC |
2007/210871/23 |
In
Business |
5 Years
5 Months |
0 |
No |
|
|
JOMAJOCO
BOERDERY CC |
B1988/014507/23 |
In
Business |
|
0 |
No |
|
|
EWW
PUBLISHING CC |
B2005/065215/23 |
Deregistration
Final |
7 Years
7 Months |
0 |
No |
|
|
JOMANDI
GENERATORS CC |
B2005/110523/23 |
In
Business |
7 Years
7 Months |
0 |
No |
|
|
DICLA
FARM AND SEED (PTY) LTD |
M2009/006254/07 |
In
Business |
3 Years
3 Months |
0 |
No |
|
Principal
- 3of 4 CLAZIMA TIJSSON
|
Surname |
TIJSSON |
|
First
Name |
CLAZIMA |
|
Other
Names |
|
|
Marital
Status |
|
|
ID
Number |
541106 |
|
Verified
ID Number |
No |
|
Current
Age |
58 |
|
Designation |
Invalid
Code |
|
Status |
Resigned |
|
Appointment
Date |
1998/01/20 |
|
Physical
Address (at time of Appointment) |
PLOT 4, AANWINS,
ROODEPOORT, 1724 |
|
Postal
Address |
POSBUS
339, MULDERSDRIFT, 1747 |
|
Shareholding/Membership |
|
Business
Information forCLAZIMA TIJSSON Principal Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
DICLA
FARM AND SEED CC |
1997/024485/23 |
Conversion
CO/CC or CC/CO |
15 Years
3 Months |
0 |
No |
|
Principal
Previous Business Interests
|
Principal
- 4of 4 LINDA ESTERHUYSEN |
|
|
Surname |
ESTERHUYSEN |
|
First
Name |
LINDA |
|
Other
Names |
None |
|
Marital
Status |
Single |
|
ID
Number |
7509050007080 |
|
Verified
ID Number |
Yes |
|
Current
Age |
38 |
|
Designation |
Financial |
|
Status |
Active |
|
Appointment
Date |
2012/02/08 |
|
Physical
Address (at time of Appointment) |
16 RIDGE
ROAD, ZWARTKRANS, KRUGERSDORP 1739 |
|
Postal
Address |
P 0 BOX
339, MULDERSDRIF, 1747 |
|
Current
Tel Number |
0116621371 |
|
Cell
number |
0834007243 |
|
Shareholding/Membership |
30% |
Principal's
Deeds Information - No information on record
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.96 |
|
|
1 |
Rs.88.23 |
|
Euro |
1 |
Rs.71.92 |
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.