|
Report Date : |
22.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
MASTERBATCH SOUTH AFRICA (PTY) LTD |
|
|
|
|
Registered Office : |
13 Spanner
Road, Spartan, Kempton Park, 1619 P O Box 4541, Atlasville, 1465 |
|
|
|
|
Country : |
South
Africa |
|
|
|
|
Date of Incorporation : |
19.01.1998 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Supply and
manufacturer of masterbatches and pigments |
|
|
|
|
No. of Employees : |
150 |
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 – 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. 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 |
MASTERBATCH
SOUTH AFRICA (PTY)LTD |
|
Country |
South
Africa |
|
Account
Review |
Reccomended
Every 6 Months |
|
Subject
Contact Person |
RYAN
BERNDERG - Financial Manager |
|
Assessment |
This is
a well-established business. On investigation contact was made with RYAN BERNDERG
the Financial Manager, who assisted with the required information. The
subject is meeting commitments timeously with suppliers. We obtained a bank
code C for R 600 0000 over a period of 30 Days. Please see the available
information on the subject below. |
|
Registered
Name |
MASTERBATCH
SOUTH AFRICA CC |
|
Trading
as/ Division Name |
None |
|
Previous
Name |
MASTERBATCH
SOUTH AFRICA (PTY) LTD |
|
Date of
Name Change |
Unavailable |
|
Registration
Number |
B1998/002489/23 |
|
Registration
Date |
1998/01/19 |
|
Date
Commenced Trading |
1998-01-19 |
|
Age of
Business |
16 Years |
|
History
of Business |
The
subject commenced trading as a new business in 1998. |
|
History
of Principals |
There
are 3 active members within the business. |
|
Shareholders/Members/Partners
of subject and % holding |
Unavailable |
|
Authorised
Share Capital |
R 0.00 |
|
Issued
Share Capital/Members Contribution |
R 0.00 |
|
Status |
Conversion
CO/CC or CC/CO |
|
Operations
Assessment |
Supply and
manufacturer of masterbatches and pigments. |
|
Industry/
Customers |
The
plastic industry |
|
Export |
Unknown |
|
Export
Countries |
|
|
Import |
Yes |
|
Import
Countries |
|
|
Major
Industry Code / SICC |
33800 |
|
Definition
of Code |
Manufacture
of plastic products |
|
Head
Office Physical Address |
13
SPANNER ROAD, SPARTAN, KEMPTON PARK, 1619 |
|
Head
Office Postal Address |
P O BOX
4541, ATLASVILLE, 1465 |
|
Current
Tel Number |
0119570222 |
|
Cell
Number |
0119756252 |
|
Current
Fax Number |
Unavailable |
|
Current
Email Address |
|
|
Web Site
Address |
|
|
Comments |
|
|
Company
Registered Name |
BAXTYERS
CHARTERED ACCOUNTANTS |
|
Trading
Name |
None |
|
Registration
Number |
7102045163083
(SOLE PROPRIETOR) |
|
Physical
Address |
799
STIGLINGH ROAD, RIVONIA, SANDTON, 2129 |
|
Postal
Address |
P O BOX 2035,
RIVONIA, SANDTON, 2128 |
|
Contact
Person |
BRENDEN
METH |
|
Contact
Number |
0118072122 |
|
Email |
|
|
Principals |
|
|
Judgements
Against Subject |
None On
Record |
|
Judgements
Against Principals |
None On
Record |
|
Subject
Verified as Client |
Yes |
|
Practice
Number |
957828 |
|
VAT
Number |
Unavailable |
|
Tax
Number |
Unavailable |
|
BEE
Status |
Unavailable |
|
Financial
Year End |
Unavailable |
|
No of
years in Business |
Unavailable |
|
Website |
Unavailable |
|
Comment |
|
Previous Auditors Information - No Information on Record
|
Vat
Number |
4410171799 |
|
Status |
ACTIVE |
|
Vat
Liable Date |
1998/02/01 |
|
Tax
Number |
9494406847 |
|
Tax
Clearance Expire Date |
|
|
Financial
Year End |
February |
|
Comment |
|
|
Black
Economic Empowerment |
|
|
Status |
Yes |
|
Score |
6.00 |
|
Expire
Date |
Oct 13
2014 |
|
BEE
Certificate Available |
No |
|
Comment |
|
|
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 |
No |
|
Certified
by an Accredited Agent |
Yes |
|
Comment |
|
|
Workman's
compensation |
|
|
Registered |
Yes |
|
Compliance
Certified |
Yes |
|
Comment |
|
|
Subsidiary
Company |
SOUTHERN
PALACE INVESTMENTS 25 (PTY)LTD |
|||
|
Shareholding |
25% |
|||
|
Registration
Number |
2004/002995/07 |
|||
|
Import /
Export |
Unavailable |
|||
|
Comment |
|
|||
|
|
||||
|
Subsidiary
Company |
SILVER
TUNNEL INVESTMENTS 47 (PTY)LTD |
|||
|
Shareholding |
21.3% |
|||
|
Registration
Number |
2004/002968/07 |
|||
|
Import /
Export |
Unavailable |
|||
|
Comment |
|
|||
|
|
||||
|
Subsidiary
Company |
SILVER TUNNEL
INVESTMENTS 50 (PTY)LTD |
|||
|
Shareholding |
53.7%o |
|||
|
Registration
Number |
2004/002997/07 |
|||
|
Import /
Export |
Unavailable |
|||
|
Comment |
|
|||
|
Employees |
||||
|
Number
of Employees |
150 |
|||
|
1.
Salaried employees |
150 |
|||
|
2. Waged
employees |
|
|||
|
3.
Permanent employees |
150 |
|||
|
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 |
12 |
|||
|
Comment |
|
|||
|
Light
delivery Vehicles |
8 |
Owned |
|
|
|
Cars |
4 |
Owned |
|
|
|
Offices |
Offices |
|
|
Head
Office Owned/ Rented |
Leased |
|
|
Rental
Company |
BONEATIES |
|
|
Owned by |
|
|
|
Value |
|
|
|
Bond |
|
|
|
Bank |
|
|
|
Lease
Agreement |
|
|
|
Lease
Expire Date |
|
|
|
Type of
Premises |
WAREHOUSE
WITH OFFICE BLOCKS |
|
|
Comment |
|
|
|
Branch Information |
||
|
Branches
Names |
Country |
Province |
|
MASTERBATCH
CAPE TOWN |
South
Africa |
CAPE
TOWN |
|
MASTERBATCH
KWAZULU NATAL |
South
Africa |
Kwazulu
Natal |
|
Branch Detail Information |
||
|
Branches
Owned/ Rented |
Leased |
|
|
Rental
Company |
Unavailable |
|
Organisation Chart
|
Level |
Position |
Name |
Comment |
|
|
|||
|
1 |
Managing
Director |
ANTHONY
VAN NIEKERK |
|
|
|
|||
|
2 |
National
Sales Director |
PHIL
JOHNSON |
|
|
|
|||
|
3 |
Export
Sales Director |
BRIAN
JENSEN |
|
Company Structure Information - No Information on Record
Note: One
level up and all levels down
Key Deals - No Information on Record
|
Trade
Reference nr |
Supplier |
Contact |
Surety
Value |
Notarial
Bonds |
Comment |
|
1 |
SERVOCHEM |
0118235341 |
|
|
|
|
2 |
CHEMGRIT
SA (PTY) LTD |
0113974455 |
|
|
|
|
3 |
ROLFES |
0118740634 |
|
|
|
Trade References Detail
|
Nr |
Age of
Acc |
Credit
Limit |
Max
Credit |
Terms |
Average
Purchases |
Terms
Taken |
Comment |
|
1 |
12 Years |
R
6000000.00 |
R
2000000 |
30 Days |
R1500000 |
30 Days |
Good
Account |
|
2 |
10 Years |
R
700000.00 |
R 300000 |
30 Days |
R 200000 |
30 Days |
Good
account |
|
3 |
15 Years |
R1500000.00 |
R 300000 |
30 Days |
R 200000 |
30 Days |
Good account |
Judgements - No information on record
Business Rescue
|
Date
registered |
Business
rescue practitioner |
Contact
Information |
Details |
Comment |
|
|
None on
file |
No
Information on Record |
No Information
on Record |
No
Information on Record |
Default Listing - No information on record
Notarial Bonds
|
Date |
Details |
Comment |
|
|
None on
file |
No
Information on Record |
|
Bank |
NEDBANK |
|
Branch |
GREENSTONE |
|
Brach
Code |
198765 |
|
Bank
Account Number |
1910230537 |
|
Type of
Account |
CURRENT |
|
Account
Name |
MASTERBATCH
SA CC |
|
Overdraft
Facilities |
YES |
|
Bank
Code |
C - For
R 600 0000 |
|
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
|
Number
of Principals |
3 |
|
Average
Age of Active Principals |
51 |
|
Active Principals Principal - 1 of 3 TREVOR BRIAN |
|
|
Surname |
BRIAN |
|
First
Name |
TREVOR |
|
Other
Names |
JENSEN |
|
Marital
Status |
|
|
ID
Number |
5710155243081 |
|
Verified
ID Number |
Yes |
|
Current
Age |
56 Years
3 Months |
|
Designation |
Member |
|
Status |
Active |
|
Appointment
Date |
2004/03/19 |
|
Physical
Address (at time of Appointment) |
PLOT
174, NOOITGEDACHT, MULDERSDRIFT, 1747 |
|
Postal
Address |
P O BOX 4541,
ATLASVILLE, JOHANNESBURG, GAUTENG, 1465 |
|
Current
Tel Number |
0119573734 |
|
Cell
number |
0828879040 |
|
Shareholding/Membership |
0.00 |
Business Information for TREVOR BRIAN
Principal Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
DONATIES
TRADERS(PTY)LTD |
M2004/013408/07 |
In
Business |
10 Years
10 Months |
0 |
No |
|
|
FIRE
WINGS PROPERTIES 42 (PTY)LTD |
2004/000143/07 |
In
Business |
10 Years
10 Months |
0 |
No |
|
|
GOLDEN
RIBBON TRADING 61 (PTY)LTD |
M2004/015677/07 |
In
Business |
10 Years
10 Months |
0 |
No |
|
|
JENCHEM
PROPERTIES CC |
B1991/019322/23 |
In
Business |
23 Years
11 Months |
0 |
No |
|
|
MASTERBATCH
PROPERTIES CC |
B2000/046171/23 |
Conversion
CO/CC or CC/CO |
14 Years
2 Months |
1 |
No |
|
|
MASTERBATCH
SOUTH AFRICA CC |
B1998/002489/23 |
Conversion
CO/CC or CC/CO |
16 Years
4 Months |
0 |
No |
|
|
POLYSPECTRUM
CC |
B1995/024905/23 |
In
Business |
19 Years
7 Months |
0 |
No |
|
|
SOUTHERN
PALACE INVESTMENTS
25 (PTY)LTD |
M2004/002995/07 |
In
Business |
10 Years
10 Months |
0 |
No |
|
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
CHEM-PRINT
AGENCIES CC |
B1990/036151/23 |
Deregistration
Final |
|
0 |
No |
|
|
GOUDVELD MAKELAARS
(PTY)LTD |
M1996/011135/07 |
In
Business |
18 Years
6 Months |
0 |
No |
|
|
MASTERBATCH
SA (CAPE) CC |
B2002/023838/23 |
In
Business |
|
0 |
No |
|
|
TIMBERPLAS
(PTY)LTD |
M2000/025951/07 |
Deregistration
Process |
14 Years
2 Months |
0 |
No |
|
|
WEST
DUNES PROPERTIES 237 (PTY)LTD |
M2004/034408/07 |
In
Business |
10 Years
10 Months |
0 |
No |
|
Principal Deeds Information
PHILIP JOHNSON
|
Surname |
JOHNSON |
|
First Name |
PHILIP |
|
Other
Names |
|
|
Marital
Status |
|
|
ID
Number |
5907115239105 |
|
Verified
ID Number |
Yes |
|
Current
Age |
54 Years
6 Months |
|
Designation |
Member |
|
Status |
Active |
|
Appointment
Date |
2004/03/19 |
|
Physical
Address (at time of Appointment) |
32 ROETS
STREET, BEYERSPARK, BOKSBURG, GAUTENG, 1459 |
|
Postal
Address |
P O BOX
4541, ATLASVILLE, 1460 |
|
Current
Tel Number |
0119750222 |
|
Cell
number |
|
|
Shareholding/Membership |
0.00 |
Business Information for PHILIP JOHNSON Principal Current
Business Interests
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
CAPSTONE
SOLUTIONS CC |
B1996/016472/23 |
In
Business |
18 Years
6 Months |
0 |
No |
|
|
EURO
BLITZ 1100 CC |
B2002/016769/23 |
In
Business |
0 |
0 |
No |
|
|
GOLDEN
RIBBON TRADING 61 (PTY)LTD |
M2004/015677/07 |
In
Business |
10 Years
10 Months |
0 |
No |
|
|
MASTERBATCH
SA (CAPE) CC |
B2002/023838/23 |
In
Business |
0 |
0 |
No |
|
|
MASTERBATCH
SOUTH AFRICA CC |
B1998/002489/23 |
Conversion
CO/CC or CC/CO |
16 Years
4 Months |
0 |
No |
|
|
SILVER
TUNNEL INVESTMENTS 47 (PTY)LTD |
M2004/002968/07 |
In
Business |
10 Years
10 Months |
0 |
No |
|
Principal Previous Business Interests
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
BANBURY
CHEMICALS CC |
B1991/017165/23 |
In
Business |
23 Years
11 Months |
0 |
No |
|
|
MAJESTIC
SILVER TRADING 130 (PTY)LTD |
M2005/022013/07 |
Deregistration
Final |
9 Years
9 Months |
0 |
No |
|
|
WEST
DUNES PROPERTIES 237 (PTY)LTD |
M2004/034408/07 |
In
Business |
10 Years
10 Months |
0 |
No |
|
Principal - 3 of 3 ANTHONY
VAN NIEKERK
|
Surname |
VAN
NIEKERK |
|
First
Name |
ANTHONY |
|
Other
Names |
|
|
Marital
Status |
|
|
ID
Number |
7207065223087 |
|
Verified
ID Number |
Yes |
|
Current
Age |
41 Years
6 Months |
|
Designation |
Member |
|
Status |
Active |
|
Appointment
Date |
2004/03/19 |
|
Physical
Address (at time of Appointment) |
6
VILJOEN STREET, BEYERSPARK, BOKSBURG, GAUTENG, 1459 |
|
Postal
Address |
P O BOX
4541, ATLASVILLE, GAUTENG, 1465 |
|
Current
Tel Number |
0119750222 |
|
Cell
number |
0827821051 |
|
Shareholding/Membership |
0.00 |
Business Information for ANTHONY VAN NIEKERK Principal
Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
CAPSTONE
SOLUTIONS CC |
B1996/016472/23 |
In
Business |
18 Years
6 Months |
0 |
No |
|
|
DONATIES
TRADERS(PTY)LTD |
M2004/013408/07 |
In
Business |
10 Years
10 Months |
0 |
No |
|
|
EURO
BLITZ 1100 CC |
B2002/016769/23 |
In
Business |
0 |
0 |
No |
|
|
FIRE
WINGS PROPERTIES 42 (PTY)LTD |
2004/000143/07 |
In Business |
10 Years
10 Months |
0 |
No |
|
|
GOLDEN
RIBBON TRADING 61 (PTY)LTD |
M2004/015677/07 |
In
Business |
10 Years
10 Months |
0 |
No |
|
|
MASTERBATCH
PROPERTIES CC |
B2000/046171/23 |
Conversion
CO/CC or CC/CO |
14 Years
2 Months |
1 |
No |
|
|
MASTERBATCH
SA (CAPE) CC |
B2002/023838/23 |
In
Business |
0 |
0 |
No |
|
|
MASTERBATCH
SOUTH AFRICA CC |
B1998/002489/23 |
Conversion
CO/CC or CC/CO |
16 Years
4 Months |
0 |
No |
|
|
SILVER
TUNNEL INVESTMENTS 50 (PTY)LTD |
M2004/002997/07 |
In
Business |
10 Years
10 Months |
0 |
No |
|
|
WEST
DUNES PROPERTIES 237 (PTY)LTD |
M2004/034408/07 |
In
Business |
10 Years
10 Months |
0 |
No |
|
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
MAJESTIC
SILVER TRADING 130 (PTY)LTD |
M2005/022013/07 |
Deregistration
Final |
9 Years
9 Months |
0 |
No |
|
|
TIMBERPLAS
(PTY)LTD |
M2000/025951/07 |
Deregistration
Process |
14 Years
2 Months |
0 |
No |
|
|
Title
Deed No. |
T32662/2002 |
Erf/Site
No. |
|
|
Deeds
Office |
JOHANNESBURG |
Physical
Address |
6
VILJOEN BEYERS PARK BOKSBURG |
|
Property
Type |
Freehold |
Extent /
Size |
2123.0SQM |
|
Purchase
Date |
2002/01/09 |
Purchase
price |
|
|
%
Ownership |
0.00 |
Bond
Holder |
NEDCOR
BANK LTD |
|
Bond
Number |
B196282002 |
Bond
Amount |
|
|
Comment |
|
||
|
Property
Interests for ANTHONY VAN NIEKERK |
|||
|
Title
Deed No. |
ST40045/2009 |
Erf/Site
No. |
997,0 |
|
Deeds
Office |
JOHANNESBURG |
Physical
Address |
84 RIDGE
BARTLETT BOKSBURG |
|
Property
Type |
Sectional
Title |
Extent /
Size |
121.0SQM |
|
Purchase
Date |
2009/10/27 |
Purchase
price |
|
|
%
Ownership |
0.00 |
Bond
Holder |
|
|
Bond
Number |
|
Bond
Amount |
|
|
Comment |
|
||
|
Property
Interests for ANTHONY VAN NIEKERK |
|||
|
Title
Deed No. |
T72740/2006 |
Erf/Site
No. |
|
|
Deeds
Office |
JOHANNESBURG |
Physical
Address |
28
ALQUIN NORTHVILLA BENONI |
|
Property
Type |
Freehold |
Extent /
Size |
445.0SQM |
|
Purchase
Date |
2006/07/31 |
Purchase
price |
|
|
%
Ownership |
0.00 |
Bond
Holder |
|
|
Bond
Number |
|
Bond
Amount |
|
|
Comment |
|
||
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.54 |
|
|
1 |
Rs.101.08 |
|
Euro |
1 |
Rs.83.38 |
INFORMATION DETAILS
|
Report Prepared
by : |
NIS |
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.