MIRA
INFORM REPORT
|
Report Date : |
06.09.2007 |
IDENTIFICATION DETAILS
|
Name : |
SPORTORIA (PTY) LTD |
|
|
|
|
Registered Office : |
Securicor Loftus, |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
30 April 1992 |
|
|
|
|
Com. Reg. No.: |
1992/002386/07 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Retailers of sports equipment. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
COMPANY NAME
SPORTORIA (PTY) LTD
PHYSICAL ADDRESS
Securicor Loftus
Kirkness Street
Sunnyside
POSTAL ADDRESS
SUNNYSIDE
2092
TELEPHONE NUMBER: 012 420 0800
FAX NUMBER: 012 344 0041
SHAREHOLDERS
50% M I FERREIRA
50% H M MAREE
ASSOCIATE /
SUBSIDIARY COMPANIES
None
DIRECTORS
M I FERREIRA ID No. 7402085175080
H M MAREE ID No. 6611155170085
BANKERS
FIRST NATIONAL BANK,
DATE REGISTERED
30 April 1992
Registration Certificate Number: 1992/002386/07
VAT NUMBER
4720133042
MAJOR OPERATION
Retailers of sports equipment.
MAJOR SUPPLIERS
The subject imports supplies and deals locally with:
MULTI-SHIRT
BLUE PRINT
CAPTIVITY HEADGEAR
TRUBOK
Z A TRANS
MAJOR CUSTOMERS OR
BUSINESS SECTORS
Schools and the general public.
AREA OF DISTRIBUTION AND
SELLING
EXPORTS
None
TOTAL EMPLOYEES
104
OTHER PREMISES
None
OWNED OR LEASED
The premises are reported to be leased.
AUTHORISED SHARE
CAPITAL
R1000 divided into 1000 ordinary shares of R1 each
ISSUED SHARE CAPITAL
R100
The following estimated financial situation was submitted:
STOCK R 4 000 000
DEBTORS C O D
CREDITORS R 1 500 000
LOANS Nil
TURNOVER per annum R20 000 000
AUDITORS
PRICEWATERHOUSECOOPERS INC
YEAR END
DECEMBER
INSURANCE BROKERS
ALEXANDER FORBES
TRADE REFERENCES
PERIOD HIGHEST AVERAGE TERMS PAYMENT EXPERIENCE
CREDIT CREDIT PATTERN
1. Old acc open acc R 5 000 30 days 30 days Very good
2. 5 yrs open ac R55 000 30 days 30 days Very good
3. Old acc C O D
4. 2005 R200 000 R50 000 30 days 30 days Very good
c/l
COMMENTS
This is an
established business meeting its commitments timeously. We have not traced
dealings to an extent of US$1 000 000, however, the subject is considered equal
to its normal business engagements.
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 |
Unfavourable & favourable factors carry similar weight in credit consideration.
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 |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)