MIRA
INFORM REPORT
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Report Date : |
26.07.2007 |
IDENTIFICATION DETAILS
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Name : |
PETER BUTTNER SPORTS |
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Registered Office : |
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Country : |
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Date of Incorporation : |
1993/1994 |
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Legal Form : |
Sole Proprietor |
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Line of Business : |
Manufacture, supply and importation of sports equipment |
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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Maximum Credit Limit : |
US$1 000 000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
SOLE PROPRIETOR
P J BUTTNER
ID No. 5211075106003
TRADING NAME
PETER BUTTNER SPORTS
PHYSICAL ADDRESS
BELLVILLE
POSTAL ADDRESS
BELLVILLE
7535
TELEPHONE NUMBER : 021 949 2160
FAX NUMBER : 021 948 2760
ASSOCIATE COMPANIES
CAPE TOWN SPORTSWEAR, which is a partnership between P J BUTTNER and another partner.
BANKERS
NEDBANK, Bellville Branch, account number 10362970706. It was stated that the subject enjoys overdraft facilities. Utilisation is stated to be nil as credit balances are normally maintained at the bank.
DATED STARTED
1993/1994
It was stated that Mr Buttner was previously involved in a partnership for approx. 22 years in the same line of business.
VAT NUMBER
4480141565
MAJOR OPERATION
Manufacture, supply and importation of sports equipment
MAJOR SUPPLIERS
SA SPORTS BALL,
SCREAN T,
J R T CRAMPTON,
ADIDAS,
MAJOR CUSTOMERS OR
BUSINESS SECTORS
Sports industry and the general public
AREA OF DISTRIBUTION
AND SELLING
Mainly the
EXPORTS
None
TOTAL EMPLOYEES
8
OTHER PREMISES
None
OWNED OR LEASED
The premises are reported to be owned by P J BUTTNER in his personal capacity, who is married out of community of property.
Full financial information was not forthcoming from respondents at the company, however, it was stated that the turnover per month is in the region of R650 000 – R850 000.
AUDITORS
SNYMAN ACCOUNTANTS
YEAR END
FEBRUARY
INSURANCE BROKERS
STOFFBERG AND GRIESEL
The subject is reported to be clear of judgments
TRADE REFERENCES –
NOVEMBER 1994
PERIOD HIGHEST AVERAGE TERMS PAYMENT EXPERIENCE
CREDIT CREDIT PATTERN
1. 1 yr R12 000 R 7 000- 30 days 30/60 days Good
R 8 000 by arrangement
2. 1 yr R50 000 R 5 000- 30/90 days 90 days Good
R10 000
3. 02/1994 R1 000 R 1 000 60 days 60 days Good
CURRENT TRADE
REFERENCES
PERIOD HIGHEST AVERAGE TERMS PAYMENT EXPERIENCE
CREDIT CREDIT PATTERN
1. Do not give trade references
2. 15 yrs open R10 000 - 30 days 30 days Very good
R15 000
3. 02/1993 R15 000 R 5 000 - 30 days 30 days Good
R 6 000
4. Old acc declined declined 30 days 30 days Good
COMMENTS
This is a new business meeting its small commitments timeously. We have not traced dealings to an extent of US$1 000 000 DA and would prefer to see a lesser figure well spread and secured. The lack of full financial information should be borne in mind.
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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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%)