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Report Date : |
13.07.2014 |
IDENTIFICATION DETAILS
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Name : |
ARYSTA LIFESCIENCE |
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Registered Office : |
7 Sunbury Office Park Douglas Saunders Drive LA Lucia Ridge Durban KwaZulu-Natal P O Box 1726 Mount Edgecombe 4300 |
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Country : |
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Date of Incorporation : |
14.08.2008 |
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Com. Reg. No.: |
2009/019713/07 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Wholesalers, marketers and importers of agricultural chemicals, mainly utilised in the crop protection industry. |
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No. of Employees |
200 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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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 31, 2014
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Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
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South Africa |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderate Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderate High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
SOUTH AFRICA ECONOMIC OVERVIEW
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Source
: CIA |
ARYSTA LIFESCIENCE SOUTH AFRICA (PTY) LTD
SILVIX
7 Sunbury Office Park
Douglas Saunders
Drive
LA LUCIA RIDGE
Durban
KwaZulu-Natal
P O Box 1726
MOUNT EDGECOMBE
4300
+27 31 514 5600
+27 31 514 5612
The subject was formerly situated at 61 Marshall Drive, Old Mill Industrial Park, Mount Edgecombe, Durban, however, moved from these premises on 5 September 2010.
100% ARYSTA LIFESCIENCE HOLDINGS SA (PTY) LTD
(Registration Certificate Number: 2005/011266/07) which is ultimately owned by ARYSTA LIFESCIENCE CORPORATION in Tokyo, Japan. It was reported that the latter company is involved in ±125 countries worldwide.
It was stated by the respondent that the subject had divisions named PROTEK and SILVIX which were incorporated into ARYSTA LIFESCIENCE SOUTH AFRICA (PTY) LTD. However, further details were not forthcoming.
VOLCANO AGROSCIENCE (PTY) LTD
(Registration Certificate Number: 2000/004551/07)
ARYSTA LIFESCIENCE NORTH AMERICA LLC
It was stated by the respondent that they have taken over the assets and operations of a company named TSUNAMI CROP CARE (PTY) LTD (Registration Certificate Number: 2000/027346/07) which was transferred into the subject on 1 May 2010.
The assets and operations of the associate company were incorporated into the subject with effect from 1 January 2011.
J P BARNES ID
No. 6204185084086
P DE GRYSE ID
No. 7604225130089
M DREYER ID
No. 6604045020081
F TORRETA Ppt
No. FD026344
J BOTHA ID
No. 5510185018085
FIRST NATIONAL BANK, Durban Corporate Branch. It was stated that the subject does not require overdraft facilities as credit balances are maintained at the bank.
14 October 2009
Registration Certificate Number: 2009/019713/07
It was stated by the respondent that the subject commenced trading when the assets and operations of TSUNAMI CROP CARE (PTY) LTD and TSUNAMI PLANT PROTECTION (PTY) LTD were incorporated into the subject. The subject incorporated assets and operations of VOLCANO AGROSCIENCE (PTY) LTD in January 2011.
4690254075
9604364167
Non-compliant
Wholesalers, marketers and importers of agricultural chemicals, mainly utilised in the crop protection industry.
The subject imports most of its supplies and deals locally with suppliers.
Previously, we have divulged the names of the major suppliers in our reports. We have discontinued this practice to protect our valuable sources of trade information. This has become necessary because we now give a description of the goods or services to which the trade references relate. This gives our client the ability to assess whether the purchases are vital to the subject’s operation and whether we have only been given their essential suppliers that must be paid promptly for the subject to maintain its operation.
Co-operatives
South Africa
Worldwide
±200
It was stated that the subject has 1 factory in Canelands and depots throughout South Africa.
Both premises are reported to be leased, the factory premises being leased from the associate property owning company, VOLCANA AGROSCIENCE (PTY) LTD.
R1 000 divided into 1 000 ordinary shares of R1 each
R100
Full financial information was not forthcoming from respondents at the subject, however, it was previously stated that the value of the stock is estimated at R400 000 000 and the annual turnover for the subject is approximately R1 000 000 000.
ERNST & YOUNG Durban +27 31 576 8000
DECEMBER
MARSH INSURANCE BROKERS
ACCOUNT HIGHEST AVERAGE TERMS PAYMENT EXPERIENCE
OPENED CREDIT CREDIT PATTERN
1. 3 weeks undisclosed R
300 000- 60 days 60 days Very
Good
(4 years) R 400 000
2. 3 weeks undisclosed R
200 000- 90 days 90 days Very
Good
(3 years) R3 000
000
3. 2 weeks undisclosed R
400 000- 90 days 90 days Very
Good
(4 years) R2 000
000
ACCOUNT HIGHEST AVERAGE TERMS PAYMENT EXPERIENCE
OPENED CREDIT CREDIT PATTERN
1. ±1 year R10 000 000 R
1 000 000- 90 days 90 days Very
Good
R10 000 000
2. Few years Do
not divulge Good
3.
Do not give trade references
4.
10 years+ R 1 500 000 R 500 000- 30 days 30
days Very Good
R1 500 000
ACCOUNT HIGHEST AVERAGE TERMS PAYMENT EXPERIENCE
OPENED CREDIT CREDIT PATTERN
1. 2 years R50 000 undisclosed 30 days 30 days Very Good
c/l
2. 1 year undisclosed R
100 000- 30 days 30 days Very
Good
R1 000 000
3. 1 year undisclosed undisclosed 30
days 30 days Very Good
ACCOUNT HIGHEST AVERAGE TERMS PAYMENT EXPERIENCE
OPENED CREDIT CREDIT PATTERN
1. 1 year R12 000 000 R
1 000- 90 days 90 days Very
Good
c/l (3 mnths) R300 000 (seasonal)
2. Unable to obtain a trade references
3.
Do not give trade references
4.
Awaiting a fax trade reference
ACCOUNT HIGHEST AVERAGE TERMS PAYMENT EXPERIENCE
OPENED CREDIT CREDIT PATTERN
1.
+7
years R10 000 000 Seasonal 90
days 90 days Good
2.
+1
year R200 000 R200 000 30 days 30-60 days Fair-Good
3.
Do
not give trade references.
4.
Unable
to obtain
ACCOUNT HIGHEST AVERAGE TERMS PAYMENT EXPERIENCE
OPENED CREDIT CREDIT PATTERN
1. Do not give trade references
2. +10 years R 50 000 R 20 000 30 days 30
days Good
3. 2 years R1 000 000 R
500 000- 30 days 30 days Good
R1 000 000
4. +10 years Open R 20 000 30 days 30 days Excellent
ACCOUNT HIGHEST AVERAGE TERMS PAYMENT EXPERIENCE
OPENED CREDIT CREDIT PATTERN
1. +10
years R10 000 000 R 0 90 days 90 days Good
c/l R10 000 000
(Seasonal)
2 years t/a ARYSTA
2. +20
years Declined R 200 000 30 days 30
days Good
18 Months t/a ARYSTA
3. Do not
give trade references
4. 5 years Open R 60 000- 30 days 30 days Very Good
1 year t/a ARYSTA R 70 000
ACCOUNT HIGHEST AVERAGE TERMS PAYMENT EXPERIENCE
OPENED CREDIT CREDIT PATTERN
1. +8 years R10 000 000 R10 000 000 90 days 90/93 days Good
2. 2 years
±R 100 000 R
15 000- 30 days 30 days Fair/Good
R 30 000
3. Do not give trade references
4. 6 years R50 000 000 R15 000 000 60 days 60 days Excellent
ACCOUNT HIGHEST AVERAGE TERMS PAYMENT EXPERIENCE
OPENED CREDIT CREDIT PATTERN
1.
2007 R10 000 000 R10 000 000 90 days 90 days Good
Insured:COFACE
2.
4
years R 100 000 R 100 000 60 days 60
days Good
3.
1998 R
5 000 000 R 1 500 000 30 days 30 days Excellent
ACCOUNT HIGHEST AVERAGE TERMS PAYMENT EXPERIENCE
OPENED CREDIT CREDIT PATTERN
1. 1998 R
8 000 000 R
3 800 000 30 days 30 days Excellent
2. 2007 R10 000 000 R10 000 000 90 days 90 day Very Good
c/l – Insured: COFACE
3. Do
not give trade references
(These descriptions relate respectively by number to the above current
trade transactions):
1. Transport
2. Crop protection
This is a newly established company that
took over the assets and operations of various established businesses and is
very well connected overseas
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.60.19 |
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1 |
Rs.103.15 |
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Euro |
1 |
Rs.81.87 |
INFORMATION DETAILS
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Analysis Done by
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SUB |
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Report Prepared
by : |
NIS |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>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 |
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41-55 |
Ba |
Overall
operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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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.