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MIRA
INFORM REPORT
|
Report Date : |
04.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
DSM
NUTRITIONAL PRODUCTS |
|
|
|
|
Registered Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
22.02.2002 |
|
|
|
|
Com. Reg. No.: |
M2002/004181/07 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Manufacture
of Food Preparation Products |
|
|
|
|
No. of Employees : |
51 |
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, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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 and a stock exchange that is the 15th largest in
the world. Even though the country possesses modern infrastructure that support
a relatively efficient distribution of goods to major urban centers throughout
the region, some components retard growth. The economy began to slow in the
second half of 2007 due to an electricity crisis. 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. Subsequently, the global financial crisis
reduced commodity prices and world demand. GDP fell nearly 2% in 2009 but has
recovered since then. Unemployment, poverty, and inequality remain a challenge,
with official unemployment at nearly 25% of the work force. State power
supplier Eskom has built two new power stations and installed new power demand
management programs to improve power grid reliability. South Africa's economic
policy has focused on controlling inflation, however, the country has had
significant budget deficits that restrict its ability to deal with pressing
economic problems. The current government faces 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
Summary
|
Subject
Name |
DSM
NUTRITIONAL PRODUCTS SOUTH AFRICA (PTY)LTD |
|
Country |
South Africa |
|
Subject
Contact Person |
JAQUELEEN
HENDRIKSZ - Financial Manager |
|
Assessment |
This is
an established business. On investigation contact was made with the financial
manager MRS. JAQUELEEN HENDRIKSZ who assisted with most of the
information. The subject is meetings
commitments timeously with suppliers.
Please see the available information on the subject below. |
Company Information
|
Registered
Name |
DSM
NUTRITIONAL PRODUCTS SOUTH AFRICA (PTY)LTD |
|
Trading
as/ Division Name |
DSM NUTRITIONAL
PRODUCTS SOUTH AFRICA |
|
Previous
Name |
Unavailable |
|
Date of
Name Change |
2003-12-22 |
|
Registration
Number |
M2002/004181/07 |
|
Registration
Date |
2002/02/22 |
|
Date
Commenced Trading |
2002-02-22 |
|
Age of
Business |
11 Years
5 Months |
|
History
of Business |
The
subject was established in February 2002 and operations commenced
immediately. It underwent a name change in December 2003 from an unknown name
to the current name. |
|
History
of Principals |
There are
currently 5 active directors within the business. |
|
Shareholders/Members/Partners
of subject and % holding |
Unavailable |
|
Authorised
Share Capital |
R100000.00 |
|
Issued
Share Capital/Members Contribution |
R 100.00 |
|
Status |
In
Business |
|
Operations
Assessment |
Manufacturers
of multi-vitamins and pre-mixes. |
|
Industry/
Customers |
Fast
moving consumable goods |
|
Export |
Yes |
|
Export
Countries |
|
|
Import |
Yes |
|
Import
Countries |
|
|
Major
Industry Code / SICC |
30401 |
|
Definition
of Code |
MANUFACTURE
OF FOOD PREPARATION PRODUCTS |
|
Head
Office Physical Address |
16
BREWERY STREET, ISANDO, 1600 |
|
Head
Office Postal Address |
P O BOX
129, ISANDO, 1600 |
|
Current
Tel Number |
0113986920 |
|
Cell
Number |
|
|
Current
Fax Number |
0113985808 |
|
Current
Email Address |
|
|
Web Site
Address |
|
|
Comments |
|
Auditors Information
|
Company
Registered Name |
ERNST
& YOUNG REGISTERED ADUITORS INC. |
|
Trading
Name |
ERNST
& YOUNG |
|
Registration
Number |
2005/002308/21 |
|
Physical
Address |
52
Corlett Drive, ILLOVO, GAUTENG |
|
Postal
Address |
PO Box
2322, JOHANNESBURG,2000 |
|
Contact Person |
ROSA |
|
Contact
Number |
0117723000 |
|
Email |
Unavailable |
|
Principals |
25 |
|
Judgements
Against Subject |
None On
Record |
|
Judgements
Against Principals |
None On
Record |
|
Subject
Verified as Client |
Yes |
|
Practice
Number |
918299 |
|
VAT Number |
4280230949 |
|
Tax
Number |
Unavailable |
|
BEE
Status |
Unavailable |
|
Financial
Year End |
June |
|
No of
years in Business |
7 Years |
|
Website |
|
|
Comment |
|
Previous
Auditors
|
Company
Name |
Phone
Number |
Time
with previous auditors |
Comment |
|
ERNST&
YOUNG |
|
Unknown |
|
Tax Information
|
Vat
Number |
4140198666 |
|
Status |
ACTIVE |
|
Vat
Liable Date |
2002/07/01 |
|
Tax
Number |
9940083141 |
|
Tax
Clearance Expire Date |
|
|
Financial
Year End |
December |
|
Comment |
|
|
Black
Economic Empowerment |
|
|
Status |
Yes |
|
Score |
5.00 |
|
Expire
Date |
Feb 25
2014 |
|
BEE
Certificate Available |
No |
|
Comment |
|
|
|
|
|
ISO
Information - No Information on Record |
|
|
Workman's
compensation |
|
|
Registered |
Yes |
|
Compliance
Certified |
Yes |
|
Comment |
|
Company Structure
Subsidiaries
|
Subsidiary
Company |
There
are no reported subsidiaries |
|
Shareholding |
|
|
Registration
Number |
|
|
Import /
Export |
|
|
Comment |
|
|
Employees |
|
|
Number
of Employees |
51 |
|
1.
Salaried employees |
51 |
|
2. Waged
employees |
|
|
3.
Permanent employees |
51 |
|
4.
Casual employees |
|
|
5.
Contracted employees |
|
|
Comment |
|
Company Fleet Information - No Information on Record
Offices
|
Offices |
Offices |
|
Head
Office Owned/ Rented |
Owned |
|
Rental
Company |
|
|
Owned by |
DSM
NUTRITIONAL PRODUCTS SOUTH AFRICA(PTY)LTD |
|
Value |
|
|
Bond |
|
|
Bank |
|
|
Lease
Agreement |
|
|
Lease
Expire Date |
|
|
Type of
Premises |
Offices,
warehouse and plant |
|
Comment |
|
Branch
Information - No Information on Record
Management Overview
Organisational
Chart – No Information on Record
Company Structure
Information - No Information on Record
Note: One
level up and all levels down
Key Deals
- No Information on Record
Trade
References
|
Trade
Reference nr |
Supplier |
Contact |
Surety
Value |
Notarial
Bonds |
Comment |
|
1 |
KIMPURE |
0123491543 |
|
|
|
|
2 |
WARREN
CHEM SPECIALITY |
0215561920 |
|
|
|
|
3 |
PHILAGRO |
0123488808 |
|
|
|
Trade
References Detail
|
Nr |
Age of
Acc |
Credit
Limit |
Max
Credit |
Terms |
Average
Purchases |
Terms
Taken |
Comment |
|
1 |
6 Years |
R
500000.00 |
R150000 |
30 Days |
R100000 |
30 Days |
Good
account |
|
2 |
6 Years |
R1000000.00 |
R1100000 |
30 Days |
R 500000 |
30 Days |
Excellent
account |
|
3 |
8 Years |
R
2000000.00 |
|
30 Days |
R1740000 |
30 Days |
Good Account.
The max limit was unavailable. |
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 Information
|
Bank |
STANDARD
BANK |
|
Branch |
GREENSTONE |
|
Brach
Code |
051001 |
|
Bank
Account Number |
020141211 |
|
Type of
Account |
Current |
|
Account
Name |
DSM
NUTRITIONAL PRODUCTS SOUTH AFRICA(PTY)LTD |
|
Overdraft
Facilities |
Yes |
|
Bank Code |
C - for
R 2 000 000 |
|
Bank
Comment |
The
subject's bankers consider them good for all business normal engagements. |
Bank Code
History - No Information on Record
Previous
Bank Account Information - No Information on Record
Deeds Information
Property
Interests for CompanyDSM NUTRITIONAL PRODUCTS SOUTH AFRICA
(PTY)LTD
|
Title
Deed No. |
T36/2010 |
Erf/Site
No. |
|
|
Deeds
Office |
JOHANNESBURG |
Physical
Address |
11
PURLIN ISANDO KEMPTON PARK |
|
Property
Type |
Freehold |
Extent /
Size |
1.9355H |
|
Purchase
Date |
2008/09/04 |
Purchase
price |
|
|
%
Ownership |
0.00 |
Bond
Holder |
|
|
Bond
Number |
K13992003S |
Bond
Amount |
|
|
Comment |
|
||
|
|
|||
|
Title
Deed No. |
T36/2010 |
Erf/Site
No. |
|
|
Deeds
Office |
JOHANNESBURG |
Physical
Address |
11
PURLIN ISANDO KEMPTON PARK |
|
Property
Type |
Freehold |
Extent /
Size |
6285.0SQM |
|
Purchase
Date |
2008/09/04 |
Purchase
price |
|
|
%
Ownership |
0.00 |
Bond
Holder |
|
|
Bond
Number |
|
Bond
Amount |
|
|
Comment |
|
||
Financial Information
Financial
Estimates
|
CURRENT
ASSETS |
R
4000000.00 |
|
Stock |
|
|
Debtors |
R1700000.00 |
|
FIXED
ASSETS |
R
7000000.00 |
|
Plant,
Equipment, Vehicles |
R
3800000.00 |
|
Property |
|
|
CURRENT
LIABILITIES |
R 3100000.00 |
|
Creditors |
|
|
Loans/
From? |
|
|
Loan
Details |
|
|
LONG
TERM LIABILITIES |
|
|
Morgage
Bonds |
|
|
Previous
Year Turnover |
|
|
Estimated
Current Year Turnover |
|
|
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 |
5 |
|
Average
Age of Active Principals |
41 |
|
|
Active
Principals |
|
|
Principal
- 1of 5 |
|
VRENCKEN
ROGER JOSEPHINA HUBERTUS MARIE |
|
|
Surname |
ROGER JOSEPHINA
HUBERTUS MARIE |
|
First
Name |
VRENCKEN |
|
Other
Names |
None |
|
Marital
Status |
|
|
ID
Number |
7503030000000 |
|
Verified
ID Number |
No |
|
Current
Age |
38 Years
4 Months |
|
Designation |
BUSINESSMAN |
|
Status |
Active |
|
Appointment
Date |
2011/02/01 |
|
Physical
Address (at time of |
KLUNENFELDSTRASSE
22, 4127 BIRSFELDEN, SWITZERLAND, 0000, |
|
Appointment) |
|
|
Postal
Address |
PO BOX
3255, CH4002, BASEL, SWITZERLAND, 0000 |
|
Current
Tel Number |
0113986920 |
|
Cell
number |
|
|
Shareholding/Membership |
0.00 |
Principal's
Adverse - No information on record
Business Information forVRENCKEN ROGER JOSEPHINA HUBERTUS MARIE
Principal Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
DSM
NUTRITIONAL PRODUCTS SOUTH AFRICA (PTY)LTD |
M2002/004181/07 |
In
Business |
11 Years
11 Months |
0 |
No |
|
Principal's
Deeds Information - No information on record
Principal -
2of 5 JOHANNA MATHOKOLA MOKOENENE
|
Surname |
MOKOENENE
|
|
First
Name |
JOHANNA
MATHOKOLA |
|
Other
Names |
None |
|
Marital
Status |
|
|
ID
Number |
7708210000000 |
|
Verified
ID Number |
No |
|
Current
Age |
35 Years
11 Months |
|
Designation |
HR MANAGER
|
|
Status |
Active |
|
Appointment
Date |
2010/02/01 |
|
Physical
Address (at time of Appointment) |
NO 29
TUSCAN PLACE, KOPPIE ROAD, GLEN MARAIS, 1619 |
|
Postal
Address |
PO BOX
2, ISANDO, 1600 |
|
Current
Tel Number |
0113986920 |
|
Cell
number |
|
|
Shareholding/Membership |
0.00 |
Principal's Adverse - No information on record
Business
Information forJOHANNA MATHOKOLA MOKOENENE Principal Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
DSM
NUTRITIONAL PRODUCTS SOUTH AFRICA (PTY)LTD |
M2002/004181/07 |
In
Business |
11 Years
11 Months |
0 |
No |
|
Principal's
Deeds Information - No information on record
Principal
- 3of 5
KIM ROSSAM
|
Surname |
ROSSAM |
|
First
Name |
KIM |
|
Other
Names |
None |
|
Marital
Status |
|
|
ID
Number |
760223013081
|
|
Verified
ID Number |
No |
|
Current
Age |
37 Years
5 Months |
|
Designation |
|
|
Status |
Active |
|
Appointment
Date |
2005/12/01 |
|
Physical
Address (at time of Appointment) |
48
DAFFODIL AVENUE, FARRARMERE 1501 |
|
Postal
Address |
PO BOX
14101, FARRARMERE, 1518 |
|
Current
Tel Number |
0113986920 |
|
Cell
number |
|
|
Shareholding/Membership |
0.00 |
Principal's
Adverse - No information on record
Business
Information forKIM ROSSAM
Principal
Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
DSM NUTRITIONAL
PRODUCTS SOUTH AFRICA (PTY)LTD |
M2002/004181/07 |
In
Business |
11 Years
11 Months |
0 |
No |
|
Principal's
Deeds Information - No information on record
Principal
- 4of 5
PETER
FISHER
|
Surname |
FISHER |
|
First
Name |
PETER |
|
Other
Names |
None |
|
Marital
Status |
|
|
ID
Number |
6604105105087
|
|
Verified
ID Number |
Yes |
|
Current
Age |
47 Years
3 Months |
|
Designation |
SENIOR
ACCOUNT MANAGER |
|
Status |
Active |
|
Appointment
Date |
2005/07/01 |
|
Physical
Address (at time of Appointment) |
33
ASHWOOD AVENUE, CLUBVIEW, 0014 |
|
Postal
Address |
PO BOX
129, ISANDO, 1600 |
|
Current
Tel Number |
0119746921
|
|
Cell
number |
0827728597 |
|
Shareholding/Membership |
0.00 |
Principal's
Adverse - No information on record
Business
Information forPETER FISHER
Principal
Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
DSM NUTRITIONAL
PRODUCTS SOUTH AFRICA (PTY)LTD |
M2002/004181/07 |
In
Business |
11 Years
11 Months |
0 |
No |
|
Principal
Previous Business Interest
Average
Age of Previous Business I 18 Years
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
ANIMAL TECHNOLOGIES
CC |
B1995/047508/23 |
Deregistration
Final |
18 Years
6 Months |
0 |
No |
|
Principal's
Deeds Information - No information on record
Principal
- 5of 5
JOHN PANKHURST
|
Surname |
PANKHURST |
|
First
Name |
JOHN |
|
Other
Names |
None |
|
Marital
Status |
|
|
ID
Number |
6501055012000 |
|
Verified
ID Number |
Yes |
|
Current
Age |
48 Years
6 Months |
|
Designation |
MANAGER-HNH |
|
Status |
Active |
|
Appointment
Date |
2002/04/15 |
|
Physical
Address (at time of Appointment) |
9A
AALWYN CRESCENT, ELDORAIGNE EXT 3, CENTURION, 0157 |
|
Postal
Address |
P O BOX
129, ISANDO, 1600 |
|
Current
Tel Number |
0113986903 |
|
Cell
number |
0825781129 |
|
Shareholding/Membership |
0.00 |
Principal's
Adverse - No information on record
Business
Information forJOHN PANKHURST
Principal
Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
DSM NUTRITIONAL
PRODUCTS SOUTH AFRICA (PTY)LTD |
M2002/004181/07 |
In
Business |
11 Years
11 Months |
0 |
No |
|
|
JR
PANKHURST |
6501055012000 |
|
Unknown |
0 |
No |
|
Principal's
Deeds Information - No information on record
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.10 |
|
|
1 |
Rs.91.07 |
|
Euro |
1 |
Rs.77.95 |
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.