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Report Date : |
17.07.2013 |
IDENTIFICATION DETAILS
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Name : |
NUTRI PHARMA SOLUTIONS (PTY)LTD |
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Registered Office : |
8 Bell Crescent, Westlake Business Park, Tokai, 7945 |
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Country : |
South Africa |
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Date of Incorporation : |
13.07.2009 |
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Com. Reg. No.: |
M2009/013505/07 |
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Legal Form : |
Private Company |
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Line of Business : |
Manufacturer of coffee, coffee substitutes and tea |
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No. of Employees : |
Not
Available |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
No Complaints |
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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 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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 |
Subject Name |
NUTRI PHARMA SOLUTIONS (PTY)LTD |
|
Country |
South Africa |
|
Subject Contact Person |
RODRIGO SAVOI - Managing Director |
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Assessment |
This is an established business. On investigation contact was made with MR. RODRIGO SAVOI the managing director who assisted with most of the required information, he however declined to assist with the financial information as it is considered to be confidential. The subject is meetings commitments timeously with suppliers. We have obtained a bank code C for R 400 000 over a period of 30 days. Please see the available information on the subject below. |
|
Registered Name |
NUTRI PHARMA SOLUTIONS (PTY)LTD |
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Trading as/ Division Name |
NUTRI PHARMA SOLUTIONS |
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Previous Name |
None |
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Date of Name Change |
None |
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Registration Number |
M2009/013505/07 |
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Registration Date |
2009/07/13 |
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Date Commenced Trading |
2009-07-13 |
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Age of Business |
4 Years |
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History of Business |
NUTRI PHARMA SOLUTIONS (PTY)LTD was established in 2009 and operations commenced immediately. |
|
History of Principals |
There is currently 1 active director within the company. |
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Shareholders/Members/Partners of subject and % holding |
100% - RODRIGO SAVOI |
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Authorised Share Capital |
R1000.00 |
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Issued Share Capital/Members Contribution |
R 10.00 |
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Status |
In Business |
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Operations Assessment |
Manufacture of sweeteners for consumables |
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Industry/ Customers |
DISCHEM, SPAR and CLICKS |
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Export |
None |
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Import |
Yes |
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Major Industry Code / SICC |
30491 |
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Definition of Code |
Manufacture of coffee, coffee substitutes and tea |
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Head Office Physical Address |
8 Bell Crescent, Westlake Business Park, TOKAI, 7945 |
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Head Office Postal Address |
PO Box 30085, TOKAI, CAPE TOWN, 7966 |
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Current Tel Number |
0217021231 |
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Cell Number |
Unavailable |
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Current Fax Number |
0217023268 |
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Current Email Address |
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Web Site Address |
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Company Registered Name |
MAZARS INTERNAL AUDIT SERVICES (PTY)LTD |
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Trading Name |
MAZARS |
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Registration Number |
M2005/025794/07 |
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Physical Address |
MAZARS HOUSE, RIALTO ROAD, GRAND MOORINGS ROAD, CENTURY CITY, 7441 |
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Postal Address |
P 0 BOX 2817, CAPE TOWN, 8000 |
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Contact Person |
CINDY |
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Contact Number |
0218185195 |
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Email |
Unavailable |
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Principals |
1 |
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Judgements Against Subject |
None On Record |
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Judgements Against Principals |
None On Record |
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Subject Verified as Client |
Yes |
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Practice Number |
900222 |
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VAT Number |
4860231366 |
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Tax Number |
9814795143 |
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BEE Status |
Unavailable |
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Financial Year End |
August |
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No of years in Business |
3 Years 3 Months |
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Website |
Previous Auditors
|
Company Name |
Phone Number |
Time with previous auditors |
Comment |
|
MOZARS MOORES ROWLAND |
|
Unknown |
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Vat Number |
4350254183 |
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Status |
ACTIVE |
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Vat Liable Date |
2009/10/29 |
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Tax Number |
9254539175 |
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Tax Clearance Expire Date |
|
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Financial Year End |
February |
Black Economic Empowerment Information - No Information on
Record
ISO Information - No Information on Record
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Registered |
Yes |
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Compliance Certified |
Yes |
· Subsidiaries Information - No Information on Record
Employees Information - No Information on Record
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Company Fleet |
No of vehicles: |
Owned/Leased |
Value |
Outstanding Balance |
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Fleet Operations |
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The Fleet is made up of |
2 |
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Comment |
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Light delivery Vehicles |
1 |
Owned |
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Fork Lifts |
1 |
Owned |
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Offices |
Offices |
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Head Office Owned/ Rented |
Leased |
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Rental Company |
THE SAVOI FAMILY TRUST |
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Owned by |
Not Applicable |
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Lease Agreement |
Unavailable |
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Lease Expire Date |
Unavailable |
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Type of Premises |
Offices and factory |
Branch Information -
No Information on Record
Organisation Chart
|
Level |
Position |
Name |
Comment |
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|||
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1 |
Managing Director |
RODRIGO SAVOI |
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Company Structure (Ownership)
Note: One level up and all
levels down
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Holding |
Company |
Sub |
Comment |
|
100% - RODRIGO SAVOI |
NUTRI PHARMA SOLUTIONS (PTY) LTD |
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Key Deals - No Information
on Record
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Trade Reference nr |
Supplier |
Contact |
Surety Value |
Notarial Bonds |
Comment |
|
1 |
JOY PACK |
0215116605 |
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2 |
KEY PACK |
0413743382 |
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3 |
E H WALTON |
0415821090 |
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Nr |
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
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1 |
6 Years |
|
R100000 |
30 Days |
R 80000 |
30 Days |
Good account. No credit limit has been set in place. |
|
2 |
10 Years |
R 500000.00 |
R 400000 |
30 Days |
R 300000 |
30 Days |
Excellent Account |
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3 |
|
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Awaiting Trade Reference |
· Judgements - No information on record
Business Rescue - No Information on Record
Default Listing - No information on record
Notarial Bonds - No information on record
|
Bank |
FIRST NATIONAL BANK |
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Branch |
CAPE CORPORATE |
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Brach Code |
250655 |
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Bank Account Number |
62239661491 |
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Type of Account |
CURRENT |
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Account Name |
NUTRI PHARMA SOLUTIONS |
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Overdraft Facilities |
Yes |
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Bank Code |
C - For R 400 000 |
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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 -
No information on record
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Number of Principals |
1 |
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Average Age of Active Principals |
32 |
Active Principals
Principal - 1of 1 RODRIGO SAVOI
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Surname |
SAVOI |
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First Name |
RODRIGO |
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Other Names |
None |
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Marital Status |
|
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ID Number |
8102120000000 |
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Verified ID Number |
No |
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Current Age |
32 Years 5 Months |
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Designation |
BUSINESSMAN |
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Status |
Active |
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Appointment Date |
2009/09/15 |
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Physical Address (at time of Appointment) |
10 WAXBILL LANE, STEENBERG ESTATE, WESTERN CAPE, 7945 |
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Postal Address |
P 0 BOX 30085, TOKAI, WESTERN CAPE, 7966 |
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Current Tel Number |
0217021231 |
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Cell number |
Unavailable |
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Shareholding/Membership |
100% |
Principal's Adverse -
No information on record
Business Information
for RODRIGO SAVOI
Principal Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
INTAKA NUTRI (PTY) LTD |
M2004/026404/07 |
In Business |
9 Years 9 Months |
0 |
No |
|
|
INTAKA TECH (PTY) LTD |
M2004/000167/07 |
In Business |
9 Years 9 Months |
0 |
No |
|
|
NUTRI PHARMA SOLUTIONS (PTY) LTD |
M2009/013505/07 |
In Business |
4 Years 4 Months |
0 |
No |
|
Principal Previous Business Interests
Average Age of Previous Business 4 Years
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
ROWMOOR INVESTMENTS 1011 (PTY) LTD |
M2011/005419/07 |
Deregistration Final |
2 Years 2 Months |
0 |
No |
|
|
TRIUMPH TRAVEL (PTY) LTD |
M2007/034413/07 |
In Business |
6 Years 6 Months |
0 |
No |
|
Principal's Deeds
Information - No information on record
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.39 |
|
UK Pound |
1 |
Rs.89.90 |
|
Euro |
1 |
Rs.77.23 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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 |
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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 |
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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 |
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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.