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MIRA
INFORM REPORT
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Report No. : |
501740 |
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Report Date : |
09.04.2018 |
IDENTIFICATION DETAILS
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Name : |
NATIONAL DAIRY EQUIPMENT PTY LTD |
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Registered Office : |
Block F Lifestyle River Front Offic Bosbok Road Randpark Ridge Ext 70 Johannesburg 2196 |
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Country : |
South Africa |
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Date of Incorporation : |
10.05.1952 |
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Com. Reg. No.: |
1952/001360/07 |
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Legal Form : |
Private Company |
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Line of Business : |
The subject operates as a wholesaler of specialist
stainless steel and aluminium products, such as: steel plates, sheet and
coils (up to 2m wide), pipe, fittings and valves, tubing, sections and round
bars. |
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No. of Employees : |
160 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRAs Rating : |
B |
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Credit Rating |
Explanation |
Rating Comments |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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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
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
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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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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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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 Africas largest and among the top 20 in the world.
Economic growth has decelerated in recent years, slowing to an estimated 0.7% in 2017. Unemployment, poverty, and inequality - among the highest in the world - remain a challenge. Official unemployment is roughly 27% of the workforce, and runs significantly higher among black youth. 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. Eskom, the state-run power company, is building three new power stations and is installing new power demand management programs to improve power grid reliability but has been plagued with accusations of mismanagement and corruption and faces an increasingly high debt burden.
South Africa's economic policy has focused on controlling inflation while empowering a broader economic base; however, the country faces structural constraints that also limit economic growth, such as skills shortages, declining global competitiveness, and frequent work stoppages due to strike action. The government faces growing pressure from urban constituencies to improve the delivery of basic services to low-income areas, to increase job growth, and to provide university level-education at affordable prices. Political infighting among South Africas ruling party and the volatility of the rand risks economic growth. International investors are concerned about the countrys long-term economic stability; in late 2016, most major international credit ratings agencies downgraded South Africas international debt to junk bond status.
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Source
: CIA |
Executive Summary
The subject is very well established. No judgments recorded against the subject. The subject has an excellent reputation. In the absence of a comprehensive trade survey and the lack of financial information, we are unable to suggest any unsecured maximum credit dealings.
COMPANY INFORMATION
OVERVIEW
History NATIONAL DAIRY EQUIPMENT (PTY) LTD was established in May 1952, and operations
commenced immediately.
STATUTORY
INFORMATION
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Registered Name |
NATIONAL DAIRY EQUIPMENT PTY LTD |
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Registration Number |
1952/001360/07 |
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Type Of Company |
Private Company |
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Registered Date |
10/05/1952 |
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Date Commenced Trading |
10/05/1952 |
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Commercial Status |
In Business |
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Financial Year End |
August |
CONTACT
DETAILS
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Contact Number |
+27 11 791 0630 |
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Email Address |
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Fax Number |
+27 11 792 1215 |
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Website |
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Social Media Presence |
Facebook |
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Registered Physical Address |
BLOCK F LIFESTYLE RIVER FRONT OFFIC BOSBOK ROAD
RANDPARK RIDGE EXT 70 JOHANNESBURG South Africa 2196 |
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Trading Physical Address |
Life Style River Front Office Park; Block F; Bosbok
Road Weltevreden Park ROODEPOORT Gauteng South Africa 1724 |
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Postal Address |
P O Box 760 FONTAINEBLEAU Gauteng South Africa 2032 |
TAX INFORMATION
TAX INFORMATION
Income Tax Number 9425108843
VAT INFORMATION
VAT Status The subject is registered for VAT (VAT number/s made available)
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VAT Number |
4380118127 |
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Status |
Active |
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Registered Name |
NATIONAL DAIRY EQUIPMENT PTY LTD |
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Trading Name |
NDE STAINLESS STEEL |
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VAT
Number |
4230120356 |
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Status |
Active |
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Registered
Name |
NATIONAL
DAIRY EQUIPMENT PTY LTD |
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Trading
Name |
NATIONAL
DAIRY EQUIPMENT |
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VAT
Number |
4600118121 |
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Status |
Active |
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Registered
Name |
NATIONAL
DAIRY EQUIPMENT PTY LTD |
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Trading
Name |
NATIONAL
DAIRY EQUIPMENT |
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VAT
Number |
4210120277 |
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Status |
Active |
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Registered
Name |
NATIONAL
DAIRY EQUIPMENT PTY LTD |
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Trading
Name |
NATIONAL
DAIRY EQUIPMENT |
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VAT
Number |
4760118721 |
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Status |
Active |
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Registered
Name |
NATIONAL
DAIRY EQUIPMENT PTY LTD |
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Trading
Name |
NATIONAL
DAIRY EQUIPMENT |
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OFFICERS AND PROFESSIONAL SERVICES
LIST OF OFFICERS AND PROFESSIONAL SERVICES
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Type |
Name |
Contact Name |
Contact Number |
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Auditor |
KPMG
INCORPORATED |
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Insurance |
MARSH |
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GENERAL COMMENTS
Comments Please note: The subjects auditor has been implicated in a corruption case.
OWNERSHIP STRUCTURE
SHAREHOLDING
INFORMATION
CURRENT
|
Shareholder/Member Name |
Share/Interest |
Type |
Comment |
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LLEWELLYN NEIL DOLLMAN |
22.85% |
Shareholder |
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ANDRIES NICOLAAS SCHREUDER |
2.80% |
Shareholder |
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HARDY ESTERHUIZEN |
2.80% |
Shareholder |
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LOGANARTHAN MOODLEY |
14.29% |
Shareholder |
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MICHEAL JOHN CAMPBELL |
57.26% |
Shareholder |
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PRINCIPAL INFORMATION
Director
/ Member
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Full Name |
ID No. |
Type |
Status |
DOA |
Active Interests |
Previous Interests |
Judgments |
Fraud Listing |
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ANDRIES NICOLAAS SCHREUDER |
6705315032084 |
Director |
Active |
01/01/2004 |
1 |
0 |
0 |
0 |
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HARDY ESTERHUIZEN |
7102235069082 |
Director |
Active |
01/05/2007 |
1 |
0 |
0 |
0 |
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JAMES CARMICHAEL |
7210215106087 |
Director |
Active |
01/03/2013 |
1 |
0 |
0 |
0 |
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LLEWELLYN NEIL DOLLMAN |
5309105091086 |
Director |
Active |
26/04/1996 |
0 |
0 |
0 |
0 |
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LOGANARTHAN MOODLEY |
5703085141087 |
Director |
Active |
01/11/2000 |
0 |
0 |
0 |
0 |
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MICHEAL JOHN CAMPBELL |
5411235078080 |
Director |
Active |
01/02/1984 |
10 |
0 |
0 |
0 |
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NANCY WHITECROSS |
5305160197081 |
Director |
Active |
01/03/2013 |
0 |
0 |
0 |
0 |
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DERRICK GEORG FRANZ |
4708255123006 |
Director |
Deceased |
01/09/1993 |
0 |
2 |
0 |
0 |
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IAN JOHNSON |
400319 |
Director |
Resigned |
01/11/1982 |
0 |
4 |
0 |
0 |
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MALCOLM JOHN JOHNSTON |
420129 |
Director |
Resigned |
01/11/1982 |
1 |
4 |
0 |
0 |
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MICHAEL IAN STAFFORD |
5209215093107 |
Director |
Resigned |
26/06/1996 |
0 |
0 |
0 |
0 |
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THOMAS UGO NELSON |
5510275125006 |
Director |
Resigned |
19/08/1985 |
2 |
1 |
0 |
0 |
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TREVOR FOGEL |
250706 |
Director |
Resigned |
19/09/1974 |
0 |
6 |
0 |
0 |
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VAUGHAN JOHN DAVIS |
5004285088081 |
Director |
Resigned |
01/11/2000 |
0 |
1 |
0 |
0 |
ACTIVE BUSINESS INTERESTS: ANDRIES
NICOLAAS SCHREUDER
|
Company Name |
Registration No. |
Business Status |
Principal Status |
Principal Type |
Judgments |
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PABUNT |
2000/067266/23 |
AR Final deregistration |
Active |
Member |
0 |
ACTIVE
BUSINESS INTERESTS: HARDY ESTERHUIZEN
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Company Name |
Registration No. |
Business Status |
Principal Status |
Principal Type |
Judgments |
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RICH PICKINGS TRADE AND INVEST |
2011/109179/07 |
In Business |
Active |
Director |
0 |
ACTIVE BUSINESS
INTERESTS: JAMES CARMICHAEL
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Company Name |
Registration No. |
Business Status |
Principal Status |
Principal Type |
Judgments |
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ROUXSHELF 1075 |
2002/030767/23 |
AR Final deregistration |
Active |
Member |
0 |
ACTIVE BUSINESS
INTERESTS: MICHEAL JOHN CAMPBELL
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Company Name |
Registration No. |
Business Status |
Principal Status |
Principal Type |
Judgments |
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NEW FINANCIAL HOUSE |
1968/014113/07 |
AR Final deregistration |
Active |
Director |
0 |
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SOUTHERN AFRICA STAINLESS
STEEL DEVELOPMENT ASSOCIATION |
2003/022992/08 |
In Business |
Active |
Director |
0 |
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LEVY BROTHERS SIMMONDS STREET HOLDINGS |
1960/000077/07 |
AR Final deregistration |
Active |
Director |
0 |
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N F H HOLDINGS |
1968/015354/07 |
AR Final deregistration |
Active |
Director |
0 |
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BLUE WAVES PROPERTIES 10 |
2006/007748/07 |
In Business |
Active |
Director |
0 |
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SNIDEMAN TRUST |
1949/033127/07 |
AR Deregistration Process |
Active |
Director |
0 |
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FINANCIAL HOUSE |
1950/036689/07 |
AR Final deregistration |
Active |
Director |
0 |
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EASTERN PROVINCE FARMING PROPERTIES NO 3 |
1991/000098/07 |
In Business |
Active |
Director |
0 |
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NATIONAL DAIRY
(ENGINEERING) |
1945/019761/07 |
Deregistration Final |
Active |
Director |
0 |
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NATIONAL DAIRY EQUIPMENT (CAPE) |
1964/005167/07 |
In Business |
Active |
Director |
0 |
Management
No principals found for this principal type.
Officer
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Full Name |
ID No. |
Type |
Status |
DOA |
Active Interests |
Previous Interests |
Judgments |
Fraud Listing |
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WATERFORD FINANCIAL MANAGEMENT |
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Secretary (Companies & CCs) |
Active |
04/12/2000 |
0 |
0 |
0 |
0 |
Other
No principals found for this principal type.
BANK ACCOUNT INFORMATION
BANK ACCOUNT CLIENT REQUESTED DETAILS
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Account Reference Number |
Account Holder |
Account Number |
Bank Name |
Branch Name |
Branch Code |
Verification Status |
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ABB159573 |
NATIONAL DAIRY EQUIPMENT (PTY) LTD |
002436752 |
STANDARD BANK |
Industria Branch |
051001 |
Verified by Bank Code |
BANK
ACCOUNTS
|
Account Reference Number |
Account Holder |
Account Number |
Bank Name |
Branch Name |
Branch Code |
Verification Status |
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ABB143239 |
NATIONAL DAIRY EQUIPMENT (PTY) LTD |
272082783 |
STANDARD BANK |
MILNERTON |
051001 |
Verified by Bank Code |
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ABB122591 |
NATIONAL DAIRY EQUIPMENT (Pty) Ltd |
250344955 |
Standard Bank (South Africa) |
Pinetown |
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Unverified |
OPERATIONAL ACTIVITIES
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Operational Activities Status |
The following information was provided |
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Industry |
Wholesale |
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Major Industry SIC Code |
466 - Other specialised wholesale |
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NACE Code |
46,7 - Other specialised wholesale |
MAJOR
OPERATION
|
Major Business Activities |
The subject operates as a wholesaler of specialist
stainless steel and aluminium products, such as: steel plates, sheet and
coils (up to 2m wide), pipe, fittings and valves, tubing, sections and round
bars. |
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Foreign Trade Activities |
International |
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Agencies Held |
Subject holds no agencies. |
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Franchises Held |
The subject holds no franchises. |
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Major Suppliers |
VRN MACSTEEL
FISHER
STEELMORE |
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Major Customers |
The Fabrication (light and heavy) Industry
The Architecture and Construction Industries
The Pharmaceutical Industry
The Chemical and Petrochemical Industries
The Component Manufacturing Industry |
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Major Brands |
Subject does not have any brands. |
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Major Contracts |
Subject operates on a contract basis, but declined
information. |
IMPORT ACTIVITIES
Subject imports.
Imports From To
the value of
Taiwan, Province of China
EXPORT ACTIVITIES
Subject exports
Exports To
the value of
Zimbabwe
Botswana
OPERATIONAL FOOTPRINT
Operational Footprint Status The following information was provided
BRANCH
& PREMISES INFORMATION
|
Location |
Description/Type |
Size (m2) |
# of Staff
Rented or Owned |
Lease Expiry Date |
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ROODEPOORT |
Office Warehouse |
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Leased |
N/A |
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NELSPRUIT |
Office |
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N/A |
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JOHANNESBURG GERMISTON |
Office Warehouse |
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Leased |
N/A |
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Warehouse Office |
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Leased |
N/A |
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CAPE TOWN |
Office Warehouse |
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Leased |
N/A |
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PORT ELIZABETH |
Office Warehouse |
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Leased |
N/A |
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DURBAN |
Office Warehouse |
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Leased |
N/A |
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PRETORIA |
Office Warehouse |
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|
Leased |
N/A |
EMPLOYEES
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Permanent Employees |
160 |
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Salaried Employees |
160 |
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COMPANY
FLEET
|
Total Vehicles |
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25 |
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The
fleet is made up of: |
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Light
Delivery Vehicles |
3 |
Combination of Leased and Owned |
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Trucks |
22 |
Combination of Leased and Owned |
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FINANCING TERMS
FINANCING TERMS
|
Sales Terms |
Cash
30 Days |
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Overdraft Facility |
The Subject has an overdraft facility. |
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Overdraft Usage |
Regularly |
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Sureties |
The Principals have not signed sureties. |
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Debtors Ceded |
Details have been declined. |
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Debtors Factored |
Details have been declined. |
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Bonds |
Details Declined |
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FINANCIAL FIGURES
GENERAL COMMENTS
General Comments Financial figures were declined
TRADE REFERENCES
|
Trade Reference |
Date |
Trade Score |
Terms Given (Taken) in days |
Monthly Limit Given (Taken) |
Account Opened |
Payment Trend (prev. 3 years) |
Account Insured |
Notes |
||
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TR180404242 |
04/04/2018 |
Positive |
30 Days (30 Days) |
Confidential (Confidential) |
1997 |
67% |
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Unknown |
This is an excellent account. |
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TR180404136 |
04/04/2018 |
Neutral |
30 Days (30 Days) |
Confidential (Confidential) |
1993 |
50% |
|
|
Yes |
This is a good account. |
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TR180404135 |
04/04/2018 |
Positive |
30 Days (30 Days) |
3,900,000 (Confidential) |
2009 |
83% |
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|
Yes |
Accounts are in the name of the associate company. |
TRADE REFERENCE ANALYTICS
|
Number of valid Trade References |
9 |
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Overall Trade Score |
67% |
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Average Usage of Terms |
100% |
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Average Monthly Purchase |
|
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Average Usage of Credit Limit |
0% |
COURT NOTICES
No judgments on file in the name of the
subject
No liquidation applications on file in the
name of the subject
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 65.99 |
|
UK Pound |
1 |
INR 90.96 |
|
Euro |
1 |
INR 79.51 |
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ZAR |
1 |
INR 5.41 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
VAR |
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Report Prepared
by : |
TRU |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SCs 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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.