MIRA INFORM REPORT

 

 

Report Date :

13.01.2014

 

IDENTIFICATION DETAILS

 

Name :

NATIONAL DAIRY EQUIPMENT (PTY)LTD

 

 

Registered Office :

Block F Lifestyle River Front Office, Bosbok Road, Randpark Ridge Ext 70, Johannesburg, 2196

 

 

Country :

South Africa

 

 

Date of Incorporation :

10.05.1952

 

 

Com. Reg. No.:

M1952/001360/07

 

 

Legal Form :

Private Company

 

 

Line of Business :

manufacturer of steel and aluminium products.

 

 

No. of Employees :

Not Available 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

 

 

Payment Behaviour :

Unknown 

 

 

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 – September 30, 2013

 

Country Name

Previous Rating

(30.06.2013)

Current Rating

(30.09.2013)

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

 


 

Subject Name

NATIONAL DAIRY EQUIPMENT (PTY)LTD

Country

South Africa

Subject Contact Person

NANCY WHITECROSS - Director

Assessment

This is a well-established business.

 

On investigation we made contact with NANCY WHITECROSS, the director who assisted with the basic information on the company.

 

Further information was not made available as she requested the identity of the principal enquirer to be revealed.

 

Please see the available information on the subject below.

 

 

Company information

 

Registered Name

NATIONAL DAIRY EQUIPMENT (PTY)LTD

Trading as/ Division Name

NATIONAL DAIRY EQUIPMENT

Previous Name

None

Date of Name Change

None

Registration Number

M1952/001360/07

Registration Date

1952/05/10

Date Commenced Trading

1952-05-10

Age of Business

61 Years 7 Months

History of Business

The subject was established in 1952.

History of Principals

There are 7 directors within the company.

Shareholders/Members/Partners of subject and % holding

Unavailable

Authorised Share Capital

R 0.00

Issued Share Capital/Members Contribution

R 0.00

Status

In Business

Operations Assessment

The subjects main operation is the manufacture of steel and aluminium products.

Industry/ Customers

The construction industry

Export

Unknown

Import

Unknown

Major Industry Code / SICC

35102

Definition of Code

Steel pipe and tube mills

Head Office Physical Address

BLOCK F LIFESTYLE RIVER FRONT OFFICE, BOSBOK ROAD, RANDPARK RIDGE EXT 70, JOHANNESBURG, 2196

Head Office Postal Address

P O BOX 760, FONTAINEBLEAU, 2032

Current Tel Number

0117910630

Cell Number

None

Current Fax Number

0117921215

Current Email Address

logan@pe.nde.co.za

Web Site Address

www.nde.co.za

Comments

The physical address provided : 68 Aimee Road Fontainebleau, Johannesburg 2032 is the old address of the company. It has been 6 years since they have re-located to the new address.

 

 

Auditors information

 

Company Registered Name

KPMG INCORPORATED

Trading Name

KPMG

Registration Number

1999/021543/21

Physical Address

85 Empire Road, Parktown, Johannesburg

Postal Address

PRIVATE BAG X9, PARKVIEW, 2122

Contact Person

MIKE HEAVANS

Contact Number

0116476576

Email

Unavailable

Principals

191

Judgements Against Subject

No found on file

Judgements Against Principals

No found on file

Practice Number

900133E

VAT Number

4530188665

Tax Number

9559555843

BEE Status

Level 2

Financial Year End

June

No of years in Business

8 Years 4 Months

Website

www.kpmg.co.za

 

Previous Auditors Information - No Information on Record

 

Tax information

 

Vat Number

4600118121

Tax Number

9425108843

 

Black Economic Empowerment

 

Status

Yes

Score

6.00

Expire Date

Feb 5 2014

BEE Certificate Available

Yes

 

ISO Information - No Information on Record

 

Workman's compensation

 

Registered

Yes

Compliance Certified

Yes

 

Company Structure

 

Subsidiaries Information - No Information on Record

 

Employees Information - No Information on Record

 

Company Fleet Information - No Information on Record

 

Offices Information - No Information on Record

 

Branch Information - No Information on Record

 

 

Management Overview

 

Organisation Chart

 

Level

Position

Name

Comment

 

1

Director

JAMES CARMICHAEL

 

 

2

Director

NANCY WHITECROSS

 

    

     3                                   Director                  HARDY ESTERHUIZEN

 

4

Director

ANDRIES NICOLAAS SCHREUDER

 

 

5

Director

LOGANARTHAN MOODLEY

 

 

6

Director

LLEWELLYN NEIL DOLLMAN

 

 

7

Director

MICHAEL JOHN CAMPBELL

 

 

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 - No information on record

 

Business Rescue - No Information on Record

 

Default Listing - No information on record

 

Notarial bonds - 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

 

Property Interests for Company NATIONAL DAIRY EQUIPMENT (PTY)LTD

Title Deed No.

T38301/1999

Erf/Site No.

0

Deeds Office

CAPE TOWN

Physical Address

113 VICTORIA WOODSTOCK CAPE TOWN

Property Type

Freehold

Extent / Size

675.0SQM

Purchase Date

1999/03/31

Purchase price

 

% Ownership

0.00

Bond Holder

A B S A BANK LTD

Bond Number

B189111999

Bond Amount

 

 

Principals

 

Number of Principals

7

Average Age of Active Principals

52

 

Active Principals Principal - 1 of 7 JAMES CARMICHAEL

 

Surname

CARMICHAEL

First Name

JAMES

Other Names

NONE

Marital Status

 

ID Number

7210215106087

Verified ID Number

Yes

Current Age

41 Years 2 Months

Designation

SALES MANAGER

Status

Active

Appointment Date

2013/03/01

Physical Address (at time of Appointment)

19 KINNABOOM STREET, RANGEVIEW, KRUGERSDORP, 1740

Postal Address

P O BOX 43346, INDUSTRIA, INDUSTRIA, 2042

Current Tel Number

0117421659

Cell number

0837496324

Shareholding/Membership

0.00

 

Principal's Adverse - No information on record

 

Business Information for JAMES CARMICHAEL

 

Principal Current Business Interests

                                                                                                                            

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

NATIONAL DAIRY

EQUIPMENT

(PTY)LTD

M1952/001360/07

In Business

61 Years 1 Months

1

No

 

 

Principal Previous Business Interests

 

Average Age of Previous Business                                                                       11 Years

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

ROUXSHELF 1075 CC

B2002/030767/23

Deregistration Final

11 Years 11 Months

0

No

 

 

Principal Deeds Information

 

Property Interests for JAMES CARMICHAEL

 

Title Deed No.

T37921/2010

Erf/Site No.

 

Deeds Office

JOHANNESBURG

Physical Address

19 KINABOOM RANGEVIEW KRUGERSDORP

Property Type

Freehold

Extent / Size

1364.0SQM

Purchase Date

2010/07/19

Purchase price

 

% Ownership

0.00

Bond Holder

FIRSTRAND BANK LTD

Bond Number

B285312010

Bond Amount

 

 

Principal - 2 of 7 NANCY WHITECROSS

 

Surname

WHITECROSS

First Name

NANCY

Other Names

NONE

ID Number

5305160197180

Verified ID Number

Yes

Current Age

60 Years 7 Months

Designation

FINANCIAL MANAGER

Status

Active

Appointment Date

2013/03/01

Physical Address (at time of Appointment)

9 STELLENZICHT ESTATES, KINGFISHER CRESCENT, MEYERSDAL, 1448

Postal Address

P O BOX 760, FONTAINEBLEAU, FONTAINEBLEAU, 2032

Current Tel Number

0114477660

Cell number

0825532205

Shareholding/Membership

0.00

 

Principal's Adverse - No information on record

 

Business Information for NANCY WHITECROSS

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

NATIONAL DAIRY

EQUIPMENT

(PTY)LTD

M1952/001360/07

In Business

61 Years 1 Months

1

No

 

SEA FOREVER CC

B2000/058070/23

In Business

13 Years 1 Months

0

No

 

UNIT 5-6 FISH EAGLE

PROPERTIES CC

B1999/003479/23

In Business

14 Years 2 Months

0

No

 

XNET INTERNET SERVICES CC

B1999/011273/23

Conversion CO/CC or CC/CO

14 Years 2 Months

0

No

 

 

Principal Previous Business Interests

 

Average Age of Previous Business                                                                                   10 Years

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

N F N TECHNOLOGIE CC

B1998/019666/23

In Business

15 Years 3 Months

0

No

 

XENEX COMPUTER SYSTEMS CC

B2008/230162/23

In Business

5 Years 5 Months

1

No

 

 

 

Principal Deeds Information

 

Property Interests for NANCY WHITECROSS

 

Title Deed No.

T12027/2008

Erf/Site No.

 

Deeds Office

JOHANNESBURG

Physical Address

MULBARTON JOHANNESBURG SOUTH

Property Type

Freehold

Extent / Size

500.0SQM

Purchase Date

2008/01/31

Purchase price

 

% Ownership

0.00

Bond Holder

STANDARD BANK OF SOUTH AFRICA L

Bond Number

B163572008

Bond Amount

 

 

Principal - 3 of 7 HARDY ESTERHUIZEN

 

Surname

ESTERHUIZEN

First Name

HARDY

Other Names

NONE

Marital Status

 

ID Number

7102235069082

Verified ID Number

Yes

Current Age

42 Years 10 Months

Designation

BUSINESSMAN

Status

Active

Appointment Date

2007/05/01

Physical Address (at time of Appointment)

7 KORUNDUM AVENUE, WILROPARK EXTENSION 1, 1724

Postal Address

7 KORUNDUM AVENUE, WILROPARK EXTENSION 1, 1724

Current Tel Number

0114721659

Cell number

0822515880

Shareholding/Membership

0.00

 

Principal's Adverse - No information on record

 

Business Information for HARDY ESTERHUIZEN

 

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

NATIONAL DAIRY

EQUIPMENT

(PTY)LTD

M1952/001360/07

In Business

61 Years 1 Months

1

No

 

RICH PICKINGS TRADE AND INVEST (PTY)LTD

K2011/109179/07

Deregistration Process

2 Years 2 Months

0

No

 

 

Principal Deeds Information

 

Property Interests for HARDY ESTERHUIZEN

 

Title Deed No.

T3837/2003

Erf/Site No.

 

Deeds Office

JOHANNESBURG

Physical Address

7 KORUNDUM WILRO PARK ROODEPOORT

Property Type

Freehold

Extent / Size

1211.0SQM

Purchase Date

2002/11/07

Purchase price

 

% Ownership

0.00

Bond Holder

FIRSTRAND BANK LTD

Bond Number

B29362003

Bond Amount

 

 

Principal - 4 of 7

 

ANDRIES SCHREUDER

 

Surname

SCHREUDER

First Name

ANDRIES

Other Names

NONE

Marital Status

 

ID Number

6705315032084

Verified ID Number

Yes

Current Age

46 Years 7 Months

Designation

BRANCH MANAGER

Status

Active

Appointment Date

2004/01/01

Physical Address (at time of Appointment)

35 FIVAS STREET, AURORA, 7550

Postal Address

P O BOX 3262, LYTTELTON SOUTH, 0157

Current Tel Number

0215506800

Cell number

0825588736

Shareholding/Membership

0.00

 

Principal's Adverse - No information on record

 

Business Information for ANDRIES SCHREUDER

 

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

NATIONAL DAIRY

EQUIPMENT

(PTY)LTD

M1952/001360/07

In Business

61 Years 1 Months

1

No

 

 

Principal Previous Business Interests

 

Average Age of Previous Business                                               13 Years

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

PABUNT CC

B2000/067266/23

Deregistration Final

13 Years 1 Months

0

No

 

 

Principal Deeds Information

 

Property Interests for ANDRIES SCHREUDER

 

Title Deed No.

T12622/2006

Erf/Site No.

 

Deeds Office

CAPE TOWN

Physical Address

3 CABERNET VERGESIG DURBANVILLE

Property Type

Freehold

Extent / Size

1109.0SQM

Purchase Date

2005/12/14

Purchase price

 

% Ownership

0.00

Bond Holder

NEDBANK LTD

Bond Number

B173692006

Bond Amount

 

 

Principal - 5 of 7 LOGANARTHAN MOODLEY

 

Surname

MOODLEY

First Name

LOGANARTHAN

Other Names

None

Marital Status

 

ID Number

5703085141053

Verified ID Number

Yes

Current Age

56 Years 9 Months

Designation

MANAGER

Status

Active

Appointment Date

2000/11/01

Physical Address (at time of Appointment)

16A MONTMEDY ROAD, LORRAINE, PORT ELIAZABETH, 6001

Postal Address

P O BOX 2907, NORTH END, 6056

Current Tel Number

0414534553

Cell number

0825723529

Shareholding/Membership

0.00

 

Principal's Adverse - No information on record

 

Business Information for LOGANARTHAN MOODLEY

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

NATIONAL DAIRY

EQUIPMENT

(PTY)LTD

M1952/001360/07

In Business

61 Years 1 Months

1

No

 

 

Principal - 6 of 7 LLEWELLYN DOLLMAN

 

Surname

DOLLMAN

First Name

LLEWELLYN

Other Names

NONE

ID Number

5309105091086

Verified ID Number

Yes

Current Age

60 Years 3 Months

Designation

Director

Status

Active

Appointment Date

1996/04/26

Physical Address (at time of Appointment)

ANREITHSTRAAT 5, SOMERSET WES, 7130

Postal Address

ANREITHSTRAAT 5, SOMERSET WES, 7130

Current Tel Number

0215506800

Cell number

0825554814

Shareholding/Membership

0.00

 

Principal's Adverse - No information on record

 

Business Information for LLEWELLYN DOLLMAN

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

ARGENTIC

PROPERTIES

(PTY)LTD

M2004/035290/07

In Business

9 Years 9 Months

0

No

 

NATIONAL DAIRY

EQUIPMENT

(PTY)LTD

M1952/001360/07

In Business

61 Years 1 Months

1

No

 

 

Principal Previous Business Interests

 

Average Age of Previous Business                                                           68 Years

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

NATIONAL DAIRY

(ENGINEERING)

(PTY)LTD

M1945/019761/07

Deregistration Final

68 Years 8 Months

0

No

 

 

Principal - 7 of 7

 

MICHAEL CAMPBELL

 

Surname

CAMPBELL

First Name

MICHAEL

Other Names

NONE

Marital Status

 

ID Number

5411235078080

Verified ID Number

Yes

Current Age

59 Years 1 Months

Designation

CA

Status

Active

Appointment Date

1984/02/01

Physical Address (at time of Appointment)

8 STRATTON AVE, BRYANSTON, 2021

Postal Address

P.O BOX 319, CRAMERVEIW, 2060

Current Tel Number

0117910630

Cell number

0727218067

Shareholding/Membership

0.00

 

Principal's Adverse - No information on record

 

Business Information for MICHAEL CAMPBELL

 

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

BLUE WAVES PROPERTIES 10 (PTY)LTD

M2006/007748/07

In Business

7 Years 7 Months

0

No

 

EASTERN

PROVINCE

FARMING

PROPERTIES NO 3

(PTY)LTD

M1991/000098/07

In Business

22 Years 10 Months

0

No

 

NATIONAL DAIRY EQUIPMENT (CAPE) (PTY)LTD

M1964/005167/07

In Business

49 Years 1 Months

0

No

 

NATIONAL DAIRY

EQUIPMENT

(PTY)LTD

M1952/001360/07

In Business

61 Years 1 Months

1

No

 

SNIDEMAN TRUST (PTY)LTD

M1949/033127/07

In Business

64 Years 4 Months

0

No

 

SOUTHERN AFRICA STAINLESS STEEL DEVELOPMENT ASSOCIATION

M2003/022992/08

In Business

10 Years 10 Months

0

No

 

 

Principal Previous Business Interests

 

Average Age of Previous Business                                                                 25 Years

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

BASFOUR 333 (PTY)LTD

M1997/018054/07

Deregistration Final

16 Years 4 Months

0

No

 

EASTERN PROVINCE FARMING PROPERTIES NO 1 (PTY)LTD

M1991/000095/07

Deregistration Final

22 Years 10 Months

0

No

 

EASTERN PROVINCE FARMING PROPERTIES NO 2 (PTY)LTD

M1991/000097/07

Deregistration Final

22 Years 10 Months

0

No

 

FOREST LIVESTOCK VENTURE (PTY)LTD

M1990/005613/07

Deregistration Final

23 Years 11 Months

0

No

 

FOREST VENTURE DAIRIES (PTY)LTD

M1989/004515/07

Deregistration Final

 

0

No

 

NATIONAL DAIRY

(ENGINEERING)

(PTY)LTD

M1945/019761/07

Deregistration Final

68 Years 8 Months

0

No

 

NPP FOOD

TECHNOLOGISTS

(PTY)LTD

M1982/008022/07

Deregistration Final

31 Years 7 Months

0

No

 

SS AND D PROPERTIES (PTY)LTD

M1992/001506/07

Deregistration Final

21 Years 9 Months

0

No

 

ST GEORGE''S VILLAGE MANAGEMENT ASSOCIATION

M1985/005263/08

In Business

28 Years 4 Months

0

No

 

WHITNEY FARM

ENTERPRISES

(PTY)LTD

M1990/002770/07

Deregistration Final

23 Years 11 Months

0

No

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.61.94

UK Pound

1

Rs.102.06

Euro

1

Rs.84.31

 

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

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.