COMPANY REPORT...Account Holder ICE CREAM COMPANY SA (PTY) LTD (PTY) LTD Account Number 5879624123...
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SUBJECT NAME: ICE CREAM COMPANY SA (PTY) LTD CLIENT REFERENCE: LEVEL 3 VENDOR REPORT SAMPLE COUNTRY: South Africa ENQUIRY AMOUNT: 1 ZAR DELIVERY DATE: 11/01/2016 COMPANY DASHBOARD Result Full Report Inoxico Score Classic 1 Low 2 Reduced 3 Medium 4 Elevated 5 High 6 Very High n/a Company Information Bank Code Ownership Structure Trade Reference Score 71% Principal Information Disqualified Director Company Judgments 1 Bank Account Verification BBBEE Level 3 Operations Inoxico Director Singularity Risk Index n/a Financing Terms PEP/Watch List Check Financial Figures Compliance Risk Score 5 Customer References Admin Details & Legend General Comments The subject company is well established and claims a significant operational footprint as well as a solid financial performance. However, the mixed picture of the trade references, the judgment and the disqualified directorship status of the financial manager lead to an overall HIGH risk rating. COMPANY REPORT In association with
Transcript of COMPANY REPORT...Account Holder ICE CREAM COMPANY SA (PTY) LTD (PTY) LTD Account Number 5879624123...
SUBJECT NAME: ICE CREAM COMPANY SA (PTY) LTDCLIENT REFERENCE: LEVEL 3 VENDOR REPORT SAMPLE
COUNTRY: South Africa
ENQUIRY AMOUNT: 1 ZAR
DELIVERY DATE: 11/01/2016
COMPANY DASHBOARD
Result Full Report
Inoxico Score Classic 1Low
2Reduced
3Medium
4Elevated
5High
6Very High n/a
Company Information Bank Code
Ownership Structure Trade Reference Score 71%
Principal Information Disqualified Director Company Judgments 1
Bank Account Verification BBBEE Level 3
Operations Inoxico Director Singularity Risk Index™ n/a
Financing Terms PEP/Watch List Check
Financial Figures Compliance Risk Score 5
Customer References Admin Details & Legend
General Comments
The subject company is well established and claims a significant operational footprint as well as a solid financial performance. However, the mixed picture of the trade references, the judgment and the disqualified directorship status of the financial manager lead to an overall HIGH risk rating.
COMPANY REPORT
In association with
COMPANY INFORMATION
OVERVIEW
HistoryICE CREAM COMPANY SA (PTY) LTD trading as DEE'S ICE CREAM was established in August 1996, utilising the details of a shelf entity styled BALPROP 23 for registration purposes.
Major Operations or Business Sectors The subject is involved in the manufacturing and wholesale industry.
Industry MANUFACTURE & WHOLESALE
STATUTORY INFORMATION
Registered Name ICE CREAM COMPANY SA (PTY) LTD
Trading As DEE'S ICE CREAM
Previous Names BALPROP 23 (1996/01/08);
Registration Number 1995/963251/07
Type of Company Private Company (Pty) Ltd
Registration Date 23/05/1995
Date Commenced Trading 08/1996
Commercial Status In Business
CONTACT DETAILS
Contact Number +27 11 443 2765
Email Address [email protected]
Fax Number +27 11 443 2730
Website www.deesice-cream.com
Social Media Presence Facebook; Linkedin; Twitter
Registered Physical Address
1ST FLOOR, SAFEC HOUSE ,SKEEN BOULEVARDBEDFORDVIEWGERMISTONGAUTENG2007
Trading Physical Address
20 Albertros Street , Extension 1BooysensJOHANNESBURGGauteng2091
Postal Address
P O Box 5794BOOYSENSGauteng2016
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TAX INFORMATION
Income Tax Number 9697521254
VAT Number 4471352684
AUDITORS INFORMATION
Name KPMG INC
Contact Person COLLETTE KRUGER
Contact Number +27 11 874 2503
INSURANCE BROKER INFORMATION
Insurance Broker Name OUTSURANCE INSURANCE BROKERS
OWNERSHIP STRUCTURE
SHAREHOLDING INFORMATION
Ultimate Holding Company Name Ultimate Holding Company Share (%)
n/a n/a
Holding Company Name Holding Company Share (%)
Delicious Food Investments (Pty) Ltd 55
Shareholders/Members Share/Interest (%)
DIANE NAIDOO 20
ISMAIL MOOLA 20
CANDICE KING 5
ASSOCIATED COMPANIES
Company Name Relationship
DEE'S SAVORY PARLOUR (PTY) LTD SUBSIDIARY (80%)
PRINCIPAL INFORMATION PRINCIPAL DETAILS
Full Name ID No. Designation StatusDate of Appoint-ment
Active Interests
Prev.Interests
Judg-ments
Fraud Listing
KING, CANDICE 8703291587085Non-Executive Director
Active 23/06/2000 4 7 1 0
KHAN, AALIYAH 7906082358080 Marketing Active 05/07/1999 3 0 0 0
NAIDOO, DIANE 8108063585083 MD Active 23/08/1996 2 0 0 0
MOOLA, ISMAIL RIYAAD 7502230883081 Financial
DirectorDisqualified 23/08/1996 0 1 0 0
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ICE CREAM COMPANY SA (PTY) LTD 11/01/2016
PRINCIPAL ANALYTICS
Average Tenure/Principal 17 years 2 months
Total Tenure 51 years 6 months
Director Singularity Index™ 1 2 3 4 5 6 7 8 9 10 n/a
Note
ACTIVE BUSINESS INTERESTS: AALIYAH KHANCompany Name Registration No. Business Status Principle Status Judgments
ABC HOLDINGS (PTY) LTD 1345-789050-07 In Business Active 0
AWESOME COLD STORAGE 1234-567890-07 In Business Active 0
KHAN FAMILY TRUST 1234-567891-07 In Business Active 0
ACTIVE BUSINESS INTERESTS: CANDICE KINGCompany Name Registration No. Business Status Principle Status Judgments
ABC HOLDINGS 1234-567890-07 In Business Active 0
DEF INVESTMENTS 1234-567891-07 In Business Active 0
FOOD DISTRIBUTION CORP (PTY) LTD 1234-567892-07 In Business Active 0
PARKVIEW PROPERTIES 57 CC 1234-567893-07 In Business Active 0
ACTIVE BUSINESS INTERESTS: DIANE NAIDOOCompany Name Registration No. Business Status Principle Status Judgments
DEE'S SAVORY PARLOUR 1234-567890-07 In Business Active 0
XYZ PROPERTIES (PTY) LTD 1234-567899-07 In Business Active 0
PREVIOUS BUSINESS INTERESTS: CANDICE KINGCompany Name Registration No. Business Status Principle Status Judgments
Company 1 1234-567890-07 In Business Resigned 0
Company 2 1234-567891-07 In Business Resigned 0
Company 3 1234-567892-07 In Business Resigned 0
Company 4 1234-567893-07 AR Final deregistration Resigned 0
Company 5 1234-567894-07 AR Deregistration Process Resigned 0
Company 6 1234-567895-07 Voluntary Liquidation Resigned 0
Company 7 1234-567896-07 In Business Resigned 0
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ICE CREAM COMPANY SA (PTY) LTD 11/01/2016
BBBEE
Certificate Yes
Certificate Expiry Date 26/09/2016
Certificate Valid Yes
Percentage Black Ownership 100.00
Percentage Black Women Ownership 39.00
Enterprise Size QSE R10m - R50m
BBBEE Level Level 3
Value Add No
BANK ACCOUNT VERIFICATION
Verified Yes
Bank Name STANDARD BANK
Branch Code 625005
Account Holder ICE CREAM COMPANY SA (PTY) LTD (PTY) LTD
Account Number 5879624123
OPERATIONS
MAJOR OPERATIONS
Major Business ActivitiesThe subject is involved in the manufacturing and wholesale of ice-cream products such as ice cream cakes, stick-lines (water and milk based), milk lollies, frozen desserts, syrups as well as 100% fruit juices.
Foreign Trade Activities The subjects imports machinery from Germany but does not export.
Major SuppliersDURBAN BANANAS (PTY) LTDNAMPAK GROUPSCHNICKENBACH GMBH CO KG, GERMANY
Major Customers
SupermarketsChain StoresIce-Cream ParloursRetailersRestaurants
Major Brands
DEE'SPLATINUMNICE & CREAMYGRAB 'N GO
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BRANCH & PREMISES INFORMATION
Area of Distribution South Africa
Location Description/Type Size (m²) # of Staff Rented or Owned
If rented: Lease Expiry Date
DURBAN FACTORY & COLD STORAGE 3000 15 Owned n/a
HEAD OFFICE OFFICE & FACTORY 5000 35 Owned n/a
CAPE TOWN FACTORY & COLD STORAGE 3000 17 Owned n/a
EMPLOYEES
Salaried Employees 20
Waged Employees 47
Total Permanent Employees 67
Casual Employees 40
Contracted Employees 0
GENERAL COMMENTS
Comments The subject is in the process of opening up a new branch in Port Elizabeth.EMPLOYEES:The figures mentioned includes branches.
COMPANY FLEET
Total Vehicles 25
Fleet Operations Internal
This Fleet is Made Up of:
Light Delivery Vehicles 15
Trucks 5
Other 5 Forklifts
FINANCIAL FIGURES
Currency ZAR
Actual numbers, 000' or mio Actual Numbers
Source Respondent at subject company
INCOME STATEMENT
Current Financial Year (est) Previous Financial Year Prior Financial Year
Turnover/Revenue 6,949,450 5,651,900 5,938,100
Cost of Goods Sold 4,084,940 3,446,930 3,756,745
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ICE CREAM COMPANY SA (PTY) LTD 11/01/2016
Gross Profit 2,864,510 2,204,970 2,181,355
BALANCE SHEET
Current Financial Year (est) Previous Financial Year
Assets
--Inventory/Stock 555,678 450,053
--Accounts Receivable/Debtors 2,185,110 3,344,050
--Cash 1,314,300 1,097,940
Fixed Assets/Investments 231,655 122,108
Total Assets 7,946,789 7,468,799
Liabilities
Current Liabilities
--Accounts Payable/Creditors 1,958,850 1,126,830
Long Term Liabilities 797,770 764,000
Equity 2,478,934 1,702,900
Total Liabilities 5,467,855 5,765,899
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ICE CREAM COMPANY SA (PTY) LTD 11/01/2016
TRADE REFERENCES
Trade Ref # Date
Trade Score2 = best 0 = worst
Terms Given (Taken) in days
Monthly LimitGiven (Taken)
Account Openedyears
Payment Trend(prev. 3 years)
Acc. Insured Notes
Ref 1 09/12/2015 2 30 (14)
2,000,000 ZAR(1,500,000 ZAR)
10 2 2 2 No Excellent Account
Ref 2 09/12/2015 1 30 (45)
1,500,000 ZAR(1,500,000 ZAR)
9 1 2 - Yes Good Account
Ref 3 09/12/2015 N/Aunknown (unknown)
Declined() 7 - - - Unknown
respondent declined to comment due to company policy
Ref 4 09/12/2013 0 30 (45)
1,400,000 ZAR(950,000 ZAR)
8 - 0 1 No
No longer deals with the subject. Further information was declined.
TRADE REFERENCES
TRADE REFERENCE ANALYTICS
# of Trade Refs in the last 3 years
Overall Trade Score
Average Usage of Terms Average Monthly Purchase Average Usage of
Credit Limit
8 71% 91% 1,357,142.86 ZAR 92%
CUSTOMER REFERENCES
Ref # Relationship Since Terms Monthly Trading Average
Trading Frequency Notes
Ref 1 2000 30 days 500,000 ZAR Monthly Excellent
Ref 2 1998 7 days 75,000 ZAR Weekly Excellent
Ref 3 1999 14 days 250,000 ZAR Monthly Excellent
COMPANY JUDGMENTS
Case Number
Judgment Date
Judgment Type Amount Court Name Plaintiff Defendants
XYZ12345 04/07/2013 Payment Dispute R 25,000 Gauteng
High CourtPiet Van der Merwe
Ice Cream Company SA (PTY) LTD
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PEP / WATCH LIST CHECK
Full Name Politically Exposed Person (PEP) Watch/Sanctions List Check
N/A
No political affiliations could be uncovered in our database for any of the names mentioned in this report.
No relevant listings for any of the names mentioned in this report.
Explanation
COMPLIANCE INFORMATION
Transparency International Corruption Perception Index for Country of Operation
44, ranked 161 out of 175[0 = worst, 100 = best]
Read More
Exposure to Public SectorLow, some regulation on health & safety as well as food safety standards, does not sell to or buy from government agencies, import & export not heavily regulated, no media exposure related to bribery & corruption issues
Compliance Policy The company does not have a dedicated compliance policy
Compliance Policy Document n/a
Designated Focal Point for Compliance Matters
The MD is responsible for all bribery & corruption issues and other compliance related matters
Compliance Risk Score 1 2 3 4 5 6 n/a
INOXICO SCORE CLASSIC ™
Inoxico Score Classic 1 2 3 4 5High 6 n/a
Explanation
OVERALL COMMENTS
Comments
The subject is well established and claims a significant operational footprint and solid financial performance. However, please note the judgment against the company and the disqualified status of the financial manager lead to a HIGH overall risk rating.
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ICE CREAM COMPANY SA (PTY) LTD 11/01/2016
ADMIN DETAILS
INTERVIEWER
Researcher Inoxico
Contact Tel No. +27 10 001 0540
Email [email protected]
INTERVIEWEE
Contact Person Diane Naidoo
Position MD
Company Tel No. +27 11 447 3596
Email [email protected]
LEGEND
Adverse Information
Potentially Adverse Information (depends on client context)
DISCLAIMER
Please Note
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ICE CREAM COMPANY SA (PTY) LTD 11/01/2016
