|
Report Date : |
27.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
IMCD
SOUTH AFRICA (PTY) LTD |
|
|
|
|
Formerly Known As : |
INTERNATIO
MUELLER CHEMICALS DISTRIBUTION SOUTH AFRICA |
|
|
|
|
Registered Office : |
275
Oak Avenue, Randburg, 2128 P O Box 1378, Randburg, 2125 |
|
|
|
|
Country : |
South
Africa |
|
|
|
|
Date of Incorporation : |
19.01.1962 |
|
|
|
|
Com. Reg. No.: |
M1962/000158/07 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Subject
is a leading company in sales, marketing and distribution of specialty
chemicals and food ingredients. |
|
|
|
|
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 – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
South Africa |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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 16th largest in the world. Even though the
country's modern infrastructure supports a relatively efficient distribution of
goods to major urban centers throughout the region, unstable electricity
supplies retard growth. The global financial crisis reduced commodity prices
and world demand. GDP fell nearly 2% in 2009 but has recovered since then,
albeit slowly with 2014 growth projected at about 2%. Unemployment, poverty,
and inequality - among the highest in the world - remain a challenge. Official
unemployment is at nearly 25% of the work force, and runs significantly higher
among black youth. Eskom, the state-run power company, has built two new power
stations and installed new power demand management programs to improve power
grid reliability. Construction delays at two additional plants, however, mean
South Africa is operating on a razor thin margin; economists judge that growth
cannot exceed 3% until those plants come on line. 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 |
IMCD
SOUTH AFRICA (PTY)LTD |
|
Country |
South
Africa |
|
Requested
Credit Limit |
R15000000.00 |
|
Enquiry
Terms |
COD |
|
Account
Review |
Recommended
Every 3 Months |
|
Subject
Contact Person |
ANNALIE
COMBRIK - Financial Manager |
|
Assessment |
This
is a well-established business. On investigation contact was made with
ANNALIE COMBRIK the financial manager, who declined to assist with any
information until she speaks to the country manager Mr. OTTO BRINKMAN. She
advised she will contact our offices once she has made contact with him.
Please see the available information on the subject below. |
|
Registered
Name |
IMCD
SOUTH AFRICA (PTY)LTD |
|
Trading
as/ Division Name |
IMCD
SOUTH AFRICA |
|
Previous
Name |
INTERNATIO
MUELLER CHEMICALS DISTRIBUTION SOUTH AFRICA |
|
Date
of Name Change |
2014-03-24 |
|
Registration
Number |
M1962/000158/07 |
|
Registration
Date |
1962/01/19 |
|
Date
Commenced Trading |
1962-01-19 |
|
Age
of Business |
52
Years 5 Months |
|
History
of Business |
The
subject commenced trading as a new company in 1962 |
|
History
of Principals |
There
are 3 active directors within the company |
|
Shareholders/Members/Partners
of subject and % holding |
Unavailabe |
|
Authorised
Share Capital |
|
|
Issued
Share Capital/Members Contribution |
|
|
Status |
In
Business |
|
Operations
Assessment |
The
subject is a leading company in sales, marketing and distribution of
specialty chemicals and food ingredients. |
|
Industry/
Customers |
The
chemical and food industry |
|
Export |
Unknown |
|
Export
Countries |
|
|
Import |
Unknown |
|
Import
Countries |
|
|
Major
Industry Code / SICC |
33599 |
|
Office
Address |
3, Water Pes Street |
|
Definition
of Code |
Manufacture
of other chemical products n.e.c. |
|
Head
Office Physical Address |
275
OAK AVENUE, RANDBURG, 2128 |
|
Head
Office Postal Address |
P
O BOX 1378, RANDBURG, 2125 |
|
Current
Tel Number |
0115704260 |
|
Cell
Number |
Unavailable |
|
Current
Fax Number |
0117873513 |
|
Current
Email Address |
Unavailable |
|
Web
Site Address |
|
|
Comments |
|
|
Company
Registered Name |
KPMG
INC |
|
Trading
Name |
None |
|
Registration
Number |
1999/021543/21 |
|
Physical
Address |
KPMG
HOUSE, NORVIC DRIVE, GREENACRES, 6045 |
|
Postal
Address |
P
O BOX 1662, PORT ELIZABETH, 6000 |
|
Contact
Person |
Unavailabe |
|
Contact
Number |
0413950150 |
|
Email |
Unavailabe |
|
Principals |
|
|
Judgements
Against Subject |
Unavailable |
|
Judgements
Against Principals |
Unavailable |
|
Subject
Verified as Client |
|
|
Practice
Number |
900133E |
|
VAT
Number |
4530188665 |
|
Tax
Number |
9559555843 |
|
BEE
Status |
Unavailable |
|
Financial
Year End |
Unavailable |
|
No
of years in Business |
7
Years 11 Months |
|
Website |
|
|
Comment |
|
Previous Auditors Information - No Information on Record
|
Vat
Number |
Unavailable |
|
Status |
|
|
Vat
Liable Date |
|
|
Tax
Number |
9397008849 |
|
Tax
Clearance Expire Date |
|
|
Financial
Year End |
December |
|
Comment |
|
Black Economic Empowerment Information - No Information on
Record
ISO Information - No Information on Record
Work Mans Information - No Information on Record
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
Organisation Chart
|
Level |
Position |
Name |
Comment |
|
|
|||
|
1 |
FINANNCIAL
MANAGER |
ANNALIE
COMBRIK |
|
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
Judgements - No information on record
BusinessRescue - 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 IMCD SOUTH AFRICA (PTY)LTD
|
Title
Deed No. |
T98300/2013 |
Erf/Site
No. |
1099 |
|
Deeds
Office |
PRETORIA |
Physical
Address |
FERNDALE |
|
Property
Type |
Freehold |
Extent
/ Size |
4015.0SQM |
|
Purchase
Date |
2013/05/28 |
Purchase
price |
R10200000.00 |
|
%
Ownership |
0.00 |
Bond
Holder |
|
|
Bond
Number |
K13051991S |
Bond
Amount |
R
0.00 |
|
Comment |
|
||
|
Number
of Principals |
3 |
|
Average
Age of Active Principals |
55 |
|
Active Principals Principal - 1 of 3 OTTO BRINKMANN |
|
|
Surname |
BRINKMANN |
|
First
Name |
OTTO |
|
Other
Names |
Unavailable |
|
Marital
Status |
|
|
ID
Number |
5804235193182 |
|
Verified
ID Number |
Yes |
|
Current
Age |
56
Years 2 Months |
|
Designation |
Director |
|
Status |
Active |
|
Appointment
Date |
2013/06/01 |
|
Physical
Address (at time of Appointment) |
143
BUCKINGHAM AVENUE, CRAIGHALL PARK, 2122 |
|
Postal
Address |
PO
BOX 1378, RANDBURG, 2125 |
|
Current
Tel Number |
0112932000 |
|
Cell
number |
0824572499 |
|
Shareholding/Membership |
0.00 |
Business Information for OTTO BRINKMANN Principal Current
Business Interests
|
Company
Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
CHEMIMPO
SOUTH AFRICA (PTY)LTD |
M1972/005171/07 |
In
Business |
42
Years 6 Months |
0 |
No |
|
|
IMCD
SOUTH AFRICA (PTY)LTD |
M1962/000158/07 |
In
Business |
52
Years 4 Months |
0 |
No |
|
|
SOUTH
AFRICAN-NETHERLANDS CHAMBER OF COMMERCE |
M1992/002062/08 |
In
Business |
22
Years 10 Months |
0 |
No |
|
Principal Previous Business Interests
|
Company
Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
ERF
186 CRAIGHALL CC |
B1996/047609/23 |
Deregistration
Final |
18
Years 6 Months |
0 |
No |
|
|
R
AND M GLOBAL TRAVEL SERVICE (PTY)LTD |
M1964/009541/07 |
In
Business |
50
Years 2 Months |
0 |
No |
|
Principal Deeds Information Property Interests for OTTO BRINKMANN
|
Title
Deed No. |
T33360/2011 |
Erf/Site
No. |
10 |
|
Deeds
Office |
PRETORIA |
Physical
Address |
25
ANDRE PIERNEEF PARK RANDBURG |
|
Property
Type |
E |
Extent
/ Size |
|
|
Purchase
Date |
2009/09/03 |
Purchase
price |
R1100000.00 |
|
%
Ownership |
0.00 |
Bond
Holder |
ABSA
BANK LTD |
|
Bond
Number |
B222032011 |
Bond
Amount |
R1045000.00 |
|
Comment |
|
||
Principal - 2 of 3 PIETER VAN DER SLIKKE
|
Surname |
VAN
DER SLIKKE |
|
First
Name |
PIETER |
|
Other
Names |
CORNELIS
JAN |
|
Marital
Status |
|
|
ID
Number |
5609010000000 |
|
Verified
ID Number |
No |
|
Current
Age |
57
Years 9 Months |
|
Designation |
Director |
|
Status |
Active |
|
Appointment
Date |
2010/08/02 |
|
Physical
Address (at time of Appointment) |
275
OAK AVENUE, RANDBURG, 2125 |
|
Postal
Address |
P
O BOX 1378, RANDBURG, 2125 |
|
Current
Tel Number |
Unavailable |
|
Cell
number |
Unavailable |
|
Shareholding/Membership |
0.00 |
Business Information for PIETER VAN DER SLIKKE
Principal Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
CHEMIMPO
SOUTH AFRICA (PTY)LTD |
M1972/005171/07 |
In
Business |
42
Years 6 Months |
0 |
No |
|
|
IMCD
SOUTH AFRICA (PTY)LTD |
M1962/000158/07 |
In
Business |
52
Years 4 Months |
0 |
No |
|
Principal - 3 of 3 HENDRIKUS KOOIJMANS
|
Surname |
KOOIJMANS |
|
First
Name |
HENDRIKUS |
|
Other
Names |
JACOBUS
JOZEF |
|
Marital
Status |
|
|
ID
Number |
6102080000000 |
|
Verified
ID Number |
No |
|
Current
Age |
53
Years 4 Months |
|
Designation |
Director |
|
Status |
Active |
|
Appointment
Date |
2009/06/17 |
|
Physical
Address (at time of Appointment) |
275
OAK AVENUE, RANDBURG, 2125 |
|
Postal
Address |
P
O BOX 1378, RANDBURG, 2125 |
|
Current
Tel Number |
Unavailable |
|
Cell
number |
Unavailable |
|
Shareholding/Membership |
0.00 |
Business Information for HENDRIKUS KOOIJMANS
Principal Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
|
CHEMIMPO
SOUTH AFRICA (PTY)LTD |
M1972/005171/07 |
In
Business |
42
Years 6 Months |
0 |
No |
|
IMCD
SOUTH AFRICA (PTY)LTD |
M1962/000158/07 |
In
Business |
52
Years 4 Months |
0 |
No |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.16 |
|
|
1 |
Rs.102.23 |
|
Euro |
1 |
Rs.82.04 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
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%)