MIRA INFORM REPORT

 

 

Report Date :

09.02.2008

 

IDENTIFICATION DETAILS

 

Name :

TEMLA 46 CC

 

 

Registered Office :

Shop 12B, Palms Centre, 145 Sir Lowry Road, Cape Town, Western Cape

 

 

Country :

South Africa

 

 

Date of Incorporation :

08.06.2005

 

 

Com. Reg. No.:

2005/064632/23

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Retailers of Children’s Furniture and Decor

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Small Company

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

 

COMPANY NAME

 

TEMLA 46 CC

 

 

TRADING NAME

 

HAMMOND KIDS

 

 

PHYSICAL ADDRESS    

 

Shop 12B

Palms Centre

145 Sir Lowry Road

CAPE TOWN

Western Cape

 

 

POSTAL ADDRESS

 

Shop 12B

Palms Centre

145 Sir Lowry Road

CAPE TOWN

6001

Telephone Number: 021 461 5806

Fax Number: 021 461 5816

 

 

MEMBERS

 

100%    L J VAN NIEKERK         ID NO:              7405030034080

 

 

ASSOCIATE COMPANIES

 

None

 

 

BANKERS

 

FIRST NATIONAL BANK, Tokai Branch. Further information regarding banking facilities was not forthcoming from the respondent.

 

 

DATE REGISTERED

 

8 June 2005

Registration Certificate Number: 2005/064632/23

 

 

VAT NUMBER

 

4520222219

 

 

MAJOR OPERATION

 

Retailers of children’s furniture and décor.

 

 

MAJOR SUPPLIERS

 

HOME LEISURE

GHIA

FRYE FURNITURE

AMELIA JACKSON

 

 

MAJOR CUSTOMERS OR BUSINESS SECTORS

 

The general public

 

 

AREA OF DISTRIBUTION AND SELLING

 

South Africa

 

 

EXPORTS

 

None

 

 

TOTAL EMPLOYEES

 

3

 

 

OTHER PREMISES

 

None

 

OWNED OR LEASED

 

The premises are reported to be leased.

 

 

MEMBERS CONTRIBUTION

 

R100

 

Full financial information was not forthcoming from respondents at the subject and outside authorities were unable to assist in this regard.

 

 

AUDITORS

 

T D MCLACHLAN

 

 

YEAR END

 

FEBRUARY

 

 

INSURANCE BROKERS

 

 INDWE INSURANCE BROKERS

 

 

TRADE REFERENCES

 

PERIOD            HIGHEST          AVERAGE         TERMS             PAYMENT         EXPERIENCE

CREDIT            CREDIT                                    PATTERN

 

1.         3 yrs                 open acc           R15 000            30 days             30 days             Very good

 

2.         June 2007         open acc           R15 000            7 days              7 days              Very good

 

3.         2 yrs                 open acc           R10 000            7 days              7 days              Very good

 

 

COMMENTS

 

This is an established business meeting its small commitments timeously. We have not traced dealings to an extent of US$1 000 000.  Such a figure is out of all proportion with the transactions undertaken by the subject.  The subject is considered equal to its moderate business engagements

 

 

 

NOTE:

 

 

COMPANY NAME

 

HAMMOND KIDS

 

 

PHYSICAL ADDRESS

 

 Shop 12B

Palms Centre

145 Sir Lowry Road

CAPE TOWN

Western Cape

Telephone Number: 021 461 5806

Fax Number:     021 461 5816

 

On investigation it was established that the correct name of the company is TEMLA 46 CC trading as HAMMOND KIDS, which report should be consulted.

 

           

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%)

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions