MIRA
INFORM REPORT
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Report Date : |
17.01.2007 |
IDENTIFICATION
DETAILS
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Name : |
PAUL VAN ZYL
COUTURE CC |
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Registered Office : |
74 Loop
Street, Cape Town, Western Cape 8001 |
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Country : |
South
Africa |
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Date of Incorporation : |
16 April
1997 |
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Com. Reg. No.: |
1997/019691/23 |
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Legal Form : |
Private
Limited Company |
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Line of Business : |
Manufacture
and sale of garments and fabric. |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
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Status : |
Small
Company |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
COMPANY NAME
PAUL VAN ZYL
COUTURE CC
TRADING NAME
DESIGN FABRIC
COLLECTION
PHYSICAL ADDRESS
74 Loop Street
CAPE TOWN
Western Cape
8001
POSTAL ADDRESS
As above
TELEPHONE
NUMBER: 021 422 4796
FAX NUMBER: 021 422 4739
MEMBERS
66,67% P K VAN ZYL ID
No. 5910215108007
33,33% J J VAN ZYL ID
No. 6207295086081
ASSOCIATE COMPANIES
74 ON LOOP
STREET CC – property owning business
BANKERS
FIRST NATIONAL
BANK, Cape Town. It was stated that the
subject does not require overdraft facilities as credit balances are
maintained.
DATE REGISTERED
16 April 1997
Registration
Certificate Number 1997/019691/23
VAT NUMBER
4740174539
MAJOR OPERATION
Manufacture
and sale of garments and fabric.
MAJOR SUPPLIERS
BRIDAL
WHOLESALERS
KIRSCH STEYN
& CO
ELEGANCE
STAFLEX
M A CLEARING
CONSULTANTS
MAJOR CUSTOMERS OR
BUSINESS SECTORS
The general
public.
AREA OF DISTRIBUTION
AND SELLING
Cape Town
EXPORTS
None
TOTAL EMPLOYEES
17
OTHER PREMISES
None
OWNED OR LEASED
The premises
are reported to be owned by the associate company.
Full financial
information was not forthcoming from respondents at the company and outside
authorities were unable to assist in this respect.
AUDITORS
CECIL KILPIN
& CO
FINANCIAL YEAR END
FEBRUARY
INSURANCE BROKERS
MIKE TAPIN
TRADE REFERENCES
ACCOUNT HIGHEST AVERAGE TERMS PAYMENT EXPERIENCE
OPENED CREDIT CREDIT PATTERN
1. 7 yrs R19 000 R19 000 30
days 30 days Excellent
2. 2004 R10 000 varies 30
days 30 days Good
c/l
3. 4 yrs R60 000 R60 000 7
days 7 days Very good
COMMENTS
This is an established
business meeting commitments timeously.
We have not traced dealings to an extent of US$1 000 000. In view of the absence of financial
information, it is suggested that dealings be to a far lesser extent on a
spread and secured basis.
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 |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
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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NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
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