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MIRA INFORM REPORT
|
Report Date : |
16.06.2011 |
IDENTIFICATION DETAILS
|
Name : |
BOLTON FOOTWEAR (PTY) LTD |
|
|
|
|
Formerly Known As : |
SEARLES INDUSTRIALS (PTY) L TD |
|
|
|
|
Registered Office : |
Charles Street, Great Brak River 6525 |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
14.10.1949 |
|
|
|
|
Com. Reg. No.: |
1949/035036/07 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Manufacturing of Clothing and textile trade |
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 : |
No Complaints |
|
Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
South Africa |
a2 |
a2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Assessment
This company is very well established.
Accounts are being paid on time even to amounts over R20 million.
An amount of USD 1 000 000 over DA terms is acceptable.
It would be suggested larger dealings be secured.
Company Information
|
Registered
Name |
BOLTON FOOTWEAR (PTY) LTD |
|
Trading
as/ Division Name |
Industrial Footwear Division Civilian Footwear Division |
|
Previous Name |
SEARLES INDUSTRIALS (PTY) L TD |
|
Date of Name
Change |
1987 |
|
Registration
Number |
1949/035036/07 |
|
Registration
Date |
14 October 1949 |
|
Date
Commenced Trading |
14 October 1949 |
|
History
of Business |
The company was bought in 1980 by D BOLTON and following the reconstruction
of the group was renamed BOLTON FOOTWEAR in 1987. |
|
Shareholders
of subject and % holding |
100% CARGO CARRIERS HOLDINGS (PTY) LTD Registration Certificate Number: 1969/012377/07 |
|
Authorised
Share Capital |
100 000 shares of R1 each |
|
Issued
Share Capital |
R100 000 |
|
Age
of Company |
62 years |
|
Status |
Active |
|
Industry |
Manufacturing |
|
Major
Industry Code |
Clothing and
textile trade |
|
Operations
Assessment |
Manufacturers,
importer and wholesalers of men’s and ladies casual and formal footwear as
well as safety footwear. The Industrial
Footwear division manufactures safety footwear under the following brand
names: LEMAITRE, FUEL. The Civilian
Footwear division manufactures men’s and ladies casual and formal
footwear under the following brand names:
GRASSHOPPERS, STEP-ON-AIRS, PAOLO FALCONE, SPEEDY DUCK and FUEL. |
|
Major Customers |
The retail market and military |
|
Head Office
Physical Address |
Charles Street GREAT BRAK RIVER 6525 |
|
Head Office
Postal Address |
P O Box 1 GREAT BRAK RIVER 6525 |
|
Current Tel
Number |
044 620 2111 |
|
Current Fax
Number |
044 620 2378 |
|
Current Email
Address |
Tax Information
|
Vat Number |
4610104632 |
|
Vat Liable Date |
30 September 1991 |
|
Status |
Active |
|
Tax Number |
9350001716 |
|
Tax Clearance |
Yes |
|
Tax Clearance
Expire Date |
October 2011 |
|
Financial Year
End |
February |
Black Economic Empowerment
|
Status |
BEE compliant |
|
Score |
Level 6 |
|
Expire Date |
26 July 2011 |
|
BEE Certificate Available |
Yes if needed |
|
Verification
Number |
CNR 004462-REVO |
ISO Status
|
Type of ISO
Grade |
ISO 9001:2000 |
|
ISO Certificate |
Yes |
|
ISO Certificate
Available |
Yes |
|
Certified by an
Accredited Agent |
Yes |
Workman’s compensation
|
Registered |
Yes |
|
Compliance
Certified |
Yes |
Company Structure
|
Branches |
The subject has three footwear production plants: Great Brak River, Oudtshoorn and Port Elizabeth. |
|
Branches Names |
Country |
Province |
|
BAGSHAW (falls under
the Industrial Footwear division) |
South Africa |
Port Elizabeth Eastern Cape |
|
BOLTON FOOTWEAR
(falls under the Civilian Footwear division) |
South Africa |
Great Brak River Western Cape |
|
BOLTON FOOTWEAR (falls under the
Civilian Footwear division) |
South Africa |
Oudtshoorn Western Cape |
|
Subsidiary
Company |
BAGSHAW FOOTWEAR (PTY) LTD The company is involved in the
manufacturing of military footwear under contract. |
|
Shareholding |
100% |
|
Import / Export |
Imports raw materials from India |
|
|
|
|
Subsidiary
Companies |
WATSON SHOES (PTY) LTD Dormant |
|
Shareholding |
100% |
|
Import / Export |
Not applicable |
|
Number of
Employees |
835 |
|
1.
Salaried
employees |
215 |
|
2.
Waged
employees |
620 |
Company Fleet |
10 |
|
Fleet Operations |
|
|
The Fleet is
made up of |
|
|
1.
Cars |
|
|
2.
Light
Delivery Vehicles |
10 |
|
3.
Trailers |
|
|
4.
Busses |
|
|
5.
Trucks |
|
|
6.
Fork
Lifts |
|
|
7.
Other |
|
Head Office
Owned/ Rented |
Owned |
|
Owned by |
BOLTON FOOTWEAR (PTY) LTD |
|
Bond |
Free of bond |
|
Type of Premises |
Manufacturing facility and administration offices |
Branches Owned/
Rented |
The footwear production plant facilities in Oudtshoorn and Port
Elizabeth are owned |
|
|
Owned |
BOLTON FOOTWEAR (PTY) LTD |
|
|
Bond |
Free of bond |
|
|
Type of premises |
Manufacturing facility and administration offices |
|
It was stated that the combined book value of the head office premises
and the production plants is in the region of R14 000 000.
Trade References
The subject imports leather from India
|
Supplier |
Tel |
|
SAFCOR |
041 501
3200 |
|
JAS FORWARDING |
011 387
9600 |
|
MOSSOP LEATHER |
021 864
9300 |
|
BASF
POLYURTHANES |
011 437
7600 |
|
PAUL MOELLER |
031 700
4275 |
|
Age of Acc |
Credit Limit |
Terms |
Average Purchases |
Terms Taken |
Comment |
|
Invoice |
Subject’s |
clearing |
agents |
directly |
|
|
Old acc |
R2 500 000 CGIC over |
60 days |
R1 000 000 In excess |
60 days |
Excellent |
|
1981 |
Amounts |
And |
Confidential |
In Terms |
Very good |
|
5 years |
R22 million |
30 days |
R5 million |
30 days |
Excellent |
Adverse Information on Subject
|
Judgements |
None |
|
Possible
Judgements |
None |
|
Civil Court |
None |
|
RDs |
None |
Default Data
|
Date |
None |
|
None |
|
Notarial Bonds
|
Date |
None |
|
None |
|
Auditors Information
|
Company
Registered Name |
ERNST & YOUNG |
|
Trading Name |
None |
|
Registration
Number |
2005/002308/21 |
|
Physical Address |
145 Cape Road MILL PARK Port Elizabeth |
|
Postal Address |
P O Box 27214 GREENACRES 6057 |
|
Contact Person |
Nicki Hurr |
|
Contact Number |
041 396 9444 |
|
Email |
Nicki.hurr@za.ey.com |
|
Directors/
Members/ Partners |
25 Partners |
|
Judgements
Against Subject |
None |
|
Judgements
Against Partners |
None |
|
Subject Verified
as Client |
Yes |
|
VAT Number |
4280230949 |
|
Tax Number |
9414606153 |
|
BEE Status |
Yes |
|
Website |
www.ernstandyoung.com |
|
Financial Year
End |
June |
|
Years With
Auditors |
Since 2000 |
Previous Auditors
|
Company Name/ Tel |
Time With Previous Auditors |
|
Not applicable |
|
Bank Information
|
Bank |
FIRST NATIONAL BANK |
|
Branch |
Corporate Cape Town |
|
Bank Account
Number |
55790164377 |
|
Type of account |
Corporate clearing account |
|
Branch Code |
204109 |
|
Account Name |
BOLTON FINANCE |
The subject also banks with:
|
Bank |
ABSA BANK |
|
Branch |
George |
|
Bank Account
Number |
4051061007 |
|
Type of account |
Current |
|
Branch Code |
630114 |
|
Account Name |
BOLTON FOOTWEAR |
|
Bank Code |
|
|
Bank Comments |
|
It was stated that the subject enjoys a combined unsecured overdraft
facility at both the above mentioned banks, to an extent of R23 000 000,
which is mainly utilized for working capital purposes and capital expenditure.
Financial Information
Financial
Estimates
|
Stock |
R79 000 000 |
|
Debtors |
R160 000 000 |
|
Cash on Hand |
R42 000 000 – fluctuates |
|
Plant,
Equipment, Vehicles |
R24 000 000 |
|
Property – net
book value |
R14 000 000 |
|
CURRENT
LIABILITIES |
|
|
Trade Creditors |
R75 500 000 |
|
Morgage Bonds |
Free of bond |
|
ANNUAL Turnover
for 2011 |
R440 000 000 |
|
Previous Year
Turnover for 2010 |
R410 000 000 |
|
Estimated Current
Year Turnover for 2012 |
R475 000 000 |
Principals
|
Number of
Principals |
9 |
|
Average Age of
Active Principals |
58 |
Active Principals
Principal 1 of 9
|
Surname |
NASSIF |
|
First Names |
Glynnis |
|
ID Number |
5312060052002 |
|
Current Age |
58 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2009-12-04 |
|
Address (at time
of Appointment) |
134 Elavation Avenue RANDJIESFONTEIN Midrand 1683 |
|
ID Verification |
Yes |
Adverse Information on Principal
Judgement 0 of 0
|
Number of
Judgements |
None on record |
Debt Review
|
Debt review |
None on record |
Other
|
Default data |
None on record |
Business Information on Principal
Current Business Interests
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
STANMAR MOTORS (PTY) LTD |
1956/003234/07 |
In business |
0 |
No |
|
ROMADA (PTY) LTD |
1967/009764/07 |
In business |
0 |
No |
|
REEFCRETE (PTY)
LTD |
1968/003961/07 |
In business |
0 |
No |
|
CARGO CARRIERS HOLDINGS
(PTY) LTD |
1969/012377/07 |
In business |
0 |
No |
|
CARRICK
PROPERTIES (VANDERBIJLPARK) (PTY) LTD |
1971/013227/07 |
In business |
0 |
No |
|
HALLMARK MOTOR
GROUP (PTY) LTD |
1978/002146/07 |
In business |
0 |
No |
|
VANGUARD MANAGEMENT
SYSTEMS (PTY) LTD |
1982/005425/07 |
Deregistration
final |
0 |
No |
|
GEE EMM
SECURITIES (PTY) LTD |
1986/000753/07 |
In business |
0 |
No |
|
G M B PROPERTY
SERVICES CC |
1988/019156/23 |
In business |
0 |
No |
|
VAAL TRIANGLE MOTORS
(PTY) LTD |
2003/013907/07 |
In business |
0 |
No |
|
NEW VAAL MOTORS
(PTY) LTD |
2003/014648/07 |
In business |
0 |
No |
|
SALSIM
PROPERTIES CC |
2003/031049/23 |
In business |
0 |
No |
|
HONDA AND WING
VAAL (PTY) LTD |
2004/019599/07 |
In business |
0 |
No |
Previous Business
Interests
|
Average Age of
Previous Business Interests |
No information on record |
Deeds Information
Property Interests of
Principle
|
Property Interest 1 |
|||
|
Title Deed No. |
None |
Erf/Site No. |
|
|
Deeds Office |
|
Physical Address |
|
|
Property Type |
|
Extent / Size |
|
|
Purchase Date |
|
Purchase price |
|
|
% Ownership |
|
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
|
Personal Information
Principal 2 of 9
|
Surname |
FRASER |
|
First Names |
Beverley |
|
ID Number |
6008020041080 |
|
Current Age |
51 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2009-12-04 |
|
Address (at time
of appointment) |
47 Third Avenue ILLOVO 2196 |
|
ID Verification |
Yes |
Adverse Information on Principal
Judgement 1 of 1
|
Number Of
Judgements |
None on record |
Debt Review
|
Debt review |
None on record |
Other
|
Default data |
None on
record |
Business Information of Principal
Current Business Interests
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
RHODURA INVESTMENTS (PTY) LTD |
1939/012607/07 |
In business |
0 |
No |
|
STANMAR MOTORS
(PTY) LTD |
1956/003234/07 |
In business |
0 |
No |
|
CARGO CARRIERS
LTD |
1959/003254/06 |
In business |
0 |
No |
|
CARGO CARRIERS
HOLDINGS (PTY) LTD |
1969/012377/07 |
In business |
0 |
No |
|
CARRICK
PROPERTIES (VANDERBIJLPARK) (PTY) LTD |
1971/013227/07 |
In business |
0 |
No |
|
HALLMARK MOTOR
GROUP (PTY) LTD |
1978/002146/07 |
In business |
0 |
No |
|
VANGUARD
MANAGEMENT SYSTEMS (PTY) LTD |
1982/005425/07 |
Deregistration
final |
0 |
No |
|
BEVERAL
INVESTMENTS CC |
1993/026302/23 |
In business |
0 |
No |
|
M F N CHARTERING
SERVICES (PTY) LTD |
1995/009307/07 |
Deregistration
process |
0 |
No |
|
GARIEP
PROPERTIES (PTY) LTD |
1999/004469/07 |
In business |
0 |
No |
|
GARIEP MOTORS
(PTY) LTD |
2002/008002/07 |
In business |
0 |
No |
|
VAAL TRIANGLE MOTORS
(PTY) LTD |
2003/013907/07 |
In business |
0 |
No |
|
BLUE POINTER
TRADING 316 (PTY) LTD |
2003/014581/07 |
Deregistration
process |
0 |
No |
|
NEW VAAL MOTORS (PTY) LTD |
2003/014648/07 |
In business |
0 |
No |
|
SALSIM
PROPERTIES (PTY) LTD |
2003/031049/23 |
In business |
0 |
No |
|
HONDA AUTO AND
WING VAAL (PTY) LTD |
2004/019599/07 |
In business |
0 |
No |
|
BEVSE PROPERTIES
CC |
2005/139526/23 |
In business |
0 |
No |
|
MANNAL GAME CC |
2006/168772/23 |
Deregistration
process |
0 |
No |
|
PENNYWORTH
TRADING (PTY) LTD |
2007/011959/07 |
In business |
0 |
No |
|
GOLDEN DIVIDEND
536 (PTY) LTD |
2007/017225/07 |
In business |
0 |
No |
|
GWM MOTORS
WESTERN CAPE (PTY) LTD |
2007/029331/07 |
In business |
0 |
No |
|
SIMSAL
PROPERTIES CC |
2008/263453/2 |
Deregistration
final |
0 |
No |
Previous Business
Interests
|
Average Age of
Previous Business Interests |
4 years |
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
KABELO FAST FOODS CC |
2003/041233/23 |
In business |
0 |
No |
|
GWM MOTORS VAAL (PTY) LTD |
2007/003107/07 |
In business |
0 |
No |
Deeds Information
Property Interests of
Principal
|
Property Interest 1 |
|||
|
Title Deed No. |
T107388/1997 |
Erf/Site No. |
0 |
|
Deeds Office |
CAPE TOWN |
Physical Address |
371 Westbourne Kenton-On-Sea |
|
Property Type |
Freehold / Ervin |
Extent / Size |
1366 sqm |
|
Purchase Date |
1997-07-04 |
Purchase price |
355 000 |
Principal 3 of 9
|
Surname |
KRIEL |
|
First Names |
Johan Pierre |
|
ID Number |
5801095153089 |
|
Current Age |
53 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2008-10-15 |
|
Address (at time
of appointment) |
5 Rooiels Avenue HEATHER PARK George 6530 |
|
ID Verification |
Yes |
Adverse Information on Principal
Judgement 1 of 1
|
Number Of
Judgements |
None on record |
Debt Review
|
Debt review |
None
on record |
Other
|
Default data |
None on record
|
Business Information of Principal
Current Business
Interests
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
None |
|
|
|
|
Previous Business
Interests
|
Average Age of
Previous Business Interests |
Not applicable |
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
None on record |
|
|
|
|
Deeds Information
Property Interests
of Principal
|
Property
Interest 1 |
|||
|
Title Deed No. |
None |
Erf/Site No. |
|
|
Deeds Office |
|
Physical Address |
|
|
Property Type |
|
Extent / Size |
|
|
Purchase Date |
|
Purchase price |
|
|
% Ownership |
|
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
|
Principal 4 of 9
|
Surname |
FERREIRA |
|
First Names |
Marius |
|
ID Number |
5108065011088 |
|
Current Age |
60 |
|
Designation |
Group HR Manager |
|
Status |
Active |
|
Appointment Date |
2008-10-15 |
|
Address (at time
of appointment) |
Russel Lane GREAT BRAK RIVER 6525 |
|
ID Verification |
Yes |
Adverse Information on Principal
Judgement 1 of 1
|
Number Of
Judgements |
None on record |
Debt Review
|
Debt review |
None
on record |
Other
|
Default data |
None on record
|
Business Information of Principal
Current Business
Interests
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
WASON SHOES (PTY)LTD |
1969/009829/07 |
In business |
0 |
No |
|
ATHSHOE COMPANY
(PTY) LTD |
1970/016456/07 |
Deregistration
final |
0 |
No |
|
BAGSHAW FOOTWEAR
(PTY) LTD |
1973/003683/07 |
In business |
0 |
No |
|
TUINROETE
RESTAURANT (PTY) LTD |
1994/002972/07 |
Deregistration
process |
0 |
No |
|
QUICKSTEP 468
(PTY) LTD |
2003/004735/07 |
In business |
0 |
No |
Previous Business
Interests
|
Average Age of
Previous Business Interests |
45 years |
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
GBR REALISASIE MAATSKAPPY (PTY) LTD |
1920/000580/07 |
In business |
0 |
No |
|
STANMAR MOTORS (PTY) LTD |
1956/003234/07 |
In business |
0 |
No |
Deeds Information
Property Interests
of Principal
|
Property Interest 1 |
|||
|
Title Deed No. |
None |
Erf/Site No. |
|
|
Deeds Office |
|
Physical Address |
|
|
Property Type |
|
Extent / Size |
|
|
Purchase Date |
|
Purchase price |
|
|
% Ownership |
|
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
|
Principal 5 of 9
|
Surname |
BOLTON |
|
First Names |
Murray |
|
ID Number |
5709065046089 |
|
Current Age |
54 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
1990-05-11 |
|
Address (at time
of appointment) |
14 Wexford Avenue WESTCLIFF 2193 |
|
ID Verification |
Yes |
Adverse Information on Principal
Judgement 1 of 1
|
Number Of
Judgements |
None on record |
Debt Review
|
Debt review |
None
on record |
Other
|
Default data |
None on record
|
Business Information of Principal
Current Business
Interests
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
EXECUTIVE AIR
(PTY) LTD |
1959/003832/07 |
In business |
0 |
No |
|
CARGO CARRIERS
ALRODE PROPERTIES (PTY) LTD |
1961/901299/07 |
In business |
0 |
No |
|
C C INVESTMENTS
(PTY) LTD |
1963/002387/07 |
In business |
0 |
No |
|
CARGO CARRIERS
WORKSHOP PROPERTY (PTY) LTD |
1964/004540/07 |
In business |
0 |
No |
|
SWANEE’S CARTAGE
(PTY) LTD |
1966/001533/07 |
Dissolved |
0 |
No |
|
RAMADA (PTY) LTD |
1967/009764/07 |
In business |
0 |
No |
|
CARLOW
MANAGEMENTS (PTY) LTD |
1968/001958/07 |
Deregistration
final |
0 |
No |
|
HITRANS (PTY)
LTD |
1968/004557/07 |
Deregistration
final |
0 |
No |
|
CARGO CARRIERS
HOLDINHGS (PTY) LTD |
1969/012377/07 |
In business |
0 |
No |
|
RIDGE NOMINEES (PTY)
LTD |
1969/013862/07 |
Deregistration
final |
0 |
No |
|
VALDA’S DELIGHT
(PTY) LTD |
1972/011181/07 |
Deregistration
process |
0 |
No |
|
HERPA PROPERTIES
(PTY) LTD |
1974/002112/07 |
Deregistration
final |
0 |
No |
|
CARGO CARRIERS MANAGEMENT
SERVICES (PTY) LTD |
1976/002308/07 |
In business |
0 |
No |
|
HALLMARK MOTOR
GROUP (PTY) LTD |
1978/002146/07 |
In business |
0 |
No |
|
VANGUARD
MANAGEMENT SYSTEMS (PTY) LTD |
1982/005425/07 |
Deregistration
final |
0 |
No |
|
J AND G TRANSPORT
(S A) (PTY) LTD |
1982/010112/07 |
In business |
0 |
No |
|
WILLIAM WATERMAN
PUBLICATIONS (PTY) LTD |
1987/004729/07 |
In liquidation |
0 |
Yes |
|
DAMHOEK SHARE
BLOCK (PTY) LTD |
1990/000901/07 |
In business |
0 |
No |
|
DEEJAY
PROPERTIES CC |
1990/007663/23 |
Dissolved |
0 |
No |
|
EQUITY AND
PROEPRTY DYNAMICS CC |
1990/021627/23 |
Conversion CO/CC
or CC/CO |
0 |
No |
|
ERF 67 MELROSE
(PTY) LTD |
1993/002327/07 |
Deregistration
process |
0 |
No |
|
GFLT
DEVELOPMENTS (PTY) LTD |
1994/007794/07 |
In business |
0 |
No |
|
TWO INC
CONSULTING (PTY) LTD |
2001/003115/07 |
In business |
0 |
No |
|
ZINZAN 19
PROPERTY HOLDINGS (PTY) LTD |
2003/003249/07 |
In business |
0 |
No |
|
EZETHU LOGISTICS
(PTY) LTD |
2003/007080/07 |
In business |
0 |
No |
Previous Business Interests
|
Average Age of Previous Business Interests |
21 years |
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
BOLTON
INDUSTRIAL HOLDINGS (PTY) LTD |
1947/024557/06 |
Deregistration
process |
0 |
No |
|
CARRICK
PROPERTIES (VANDERBIJLPARK) (PTY) LTD |
1971/013227/07 |
In business |
0 |
No |
|
BUHLE-BETFU
HOLDINGS (PTY) LTD |
2002/009750/07 |
In business |
0 |
No |
Deeds Information
Property Interests
of Principal
|
Property Interest 1 |
|||
|
Title Deed No. |
T71708/2004 |
Erf/Site No. |
|
|
Deeds Office |
Johannesburg |
Physical Address |
14 Wexford WESTCLIFF Randburg |
|
Property Type |
Freehold / Ervin |
Extent / Size |
2407.0 sqm |
|
Purchase Date |
2004-08-06 |
Purchase price |
R7 200 000 |
Principal 6 of 9
|
Surname |
BOLTON |
|
First Names |
Garth |
|
ID Number |
5511155016083 |
|
Current Age |
56 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
1990-05-11 |
|
Address (at time
of Appointment) |
113B Forrest Road ATHOLL 2196 |
|
ID Verification |
Yes |
Adverse Information on Principal
Judgement 0 of 0
|
Number of
Judgements |
None on record |
Debt Review
|
Debt review |
None on record |
Other
|
Default data |
None on record |
Business Information on Principal
Current Business
Interests
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
CARGO CARRIERS LTD |
1959/003254/06 |
In business |
0 |
No |
|
EXECUTIVE AIR
(PTY) LTD |
1959/003832/07 |
In business |
0 |
No |
|
CARGO CARRIERS
ALRODE PROPERTIES (PTY) LTD |
1961/901299/07 |
In business |
0 |
No |
|
C C INVESTMENTS
(PTY) LTD |
1963/002387/07 |
In business |
0 |
No |
|
CARGO CARRIERS
WORKSHOP PROPERTY (PTY) LTD |
1964/004540/07 |
In business |
0 |
No |
|
SWANEE’S CARTAGE
(PTY) LTD |
1966/001533/07 |
Dissolved |
0 |
No |
|
CARLOW
MANAGEMENT (PTY) LTD |
1968/001958/07 |
Deregistration
final |
0 |
No |
|
CARGO CARRIERS
HOLDINGS (PTY) LTD |
1969/012377/07 |
In business |
0 |
No |
|
HERPA PROPERTIES
(PTY) LTD |
1974/002112/07 |
Deregistration
final |
0 |
No |
|
CARGO CARRIERS
MANAGEMENT SERVICES (PTY) LTD |
1976/002308/07 |
In business |
0 |
No |
|
HALLMARK MOTOR
GROUP (PTY) LTD |
1978/002146/07 |
In business |
0 |
No |
|
THE ROAD FREIGHT
ASSOCIATION |
1981/010367/08 |
In business |
0 |
No |
|
VANGUARD
MANAGEMENT SYSTEMS (PTY) LTD |
1982/005425/07 |
Deregistration
final |
0 |
No |
|
J AND G
TRANSPORT (S A) (PTY) LTD |
1982/010112/07 |
In business |
0 |
No |
|
GEE DEE
SECURITIES (PTY) LTD |
1986/000748/07 |
In business |
0 |
No |
|
WING IT CC |
1991/013352/23 |
In business |
0 |
No |
|
GFLT DEVELOPMENT
(PTY) LTD |
1994/007794/07 |
In business |
0 |
No |
|
SEKGWA LODGE AND
CONFERENCES (PTY) LTD |
1995/009582/07 |
In business |
0 |
No |
|
ECO-TOURISM
SAFARIS CC |
1996/057327/23 |
Deregistration
final |
0 |
No |
|
TWO INC
CONSULTING (PTY) LTD |
2001/003115/07 |
In business |
0 |
No |
|
EZETHU LOGISTICS
(PTY) LTD |
2003/007080/07 |
In business |
0 |
No |
|
GREAT WALL
MOTORS (SA) (PTY) LTD |
2006/021070/07 |
In business |
0 |
No |
Previous Business Interests
|
Average Age of
Previous Business Interests |
16 years |
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
BOLTON
INDUSTRIAL HOLDINGS LTD |
1947/024557/06 |
Deregistration
final |
0 |
No |
|
CARRICK
PROPERTIES (VANDERBIJPARK) (PTY) LTD |
1971/013227/07 |
In business |
0 |
No |
|
SIYAZAMA SISONKE
EMPOWERMENT (PTY) LTD |
2002/009426/07 |
In business |
0 |
No |
|
PENNYWORTH
TRADING (PTY) LTD |
2007/011959/07 |
In business |
0 |
No |
Deeds Information
Property Interests
of Principle
|
Property Interest 1 of 3 |
|||
|
Title Deed No. |
T94688/2006 |
Erf/Site No. |
|
|
Deeds Office |
Pretoria |
Physical Address |
113 Forest ATHOLL Sandton |
|
Property Type |
Freehold / Ervin |
Extent / Size |
1978.0sqm |
|
Purchase Date |
2006-04-10 |
Purchase price |
R3 000 000 |
|
Bond Number |
K4171984S |
Bond Amount |
|
|
Property Interest 2 of 3 |
|||
|
Title Deed No. |
520299/2002 |
Erf/Site No. |
|
|
Deeds Office |
Cape Town |
Physical Address |
9 Alguada Reef PLETTENBERG BAY |
|
Property Type |
Freehold / Ervin |
Extent / Size |
862.0sqm |
|
Purchase Date |
2011-12-28 |
Purchase price |
R3 500 000 |
|
Property Interest 3 of3 |
|||
|
Title Deed No. |
T135231/2002 |
Erf/Site No. |
|
|
Deeds Office |
Pretoria |
Physical Address |
114 Riverside ATHOLL Sandton |
|
Property Type |
Freehold / Ervin |
Extent / Size |
1572.0sqm |
|
Purchase Date |
2002-08-02 |
Purchase price |
R975 000 |
|
% Ownership |
|
Bond Holder |
STEINBERG TILBY |
|
Bond Number |
K17051975S |
Bond Amount |
|
Principal 7 of 9
|
Surname |
FLEETWOOD |
|
First Names |
Henry |
|
ID Number |
5811195013003 |
|
Current Age |
53 |
|
Designation |
Manager |
|
Status |
Active |
|
Appointment Date |
1989-02-10 |
|
Address (at time
of Appointment) |
21 Plover Street GEORGE 6530 |
|
ID Verification |
Yes |
Adverse Information on Principal
Judgement 0 of 0
|
Number of
Judgements |
None on record |
Debt Review
|
Debt review |
None on record |
Other
|
Default data |
None on record |
Business Information on Principal
Current Business
Interests
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
PATRICK SPORTSWEAR (PTY) LTD |
1917/001610/07 |
Deregistration
final |
0 |
No |
|
GBR REALISASIE
MAATSKAPPY (PTY) LTD |
1920/000580/07 |
In business |
0 |
No |
|
OUDTSHOORN
FOOTWEAR (PTY) LTD |
1944/018132/07 |
Deregistration
final |
0 |
No |
|
STANMAR MOTORS
(PTY) LTD |
1956/003234/07 |
In business |
0 |
No |
|
W O B PROPERTIES
(PTY) LTD |
1959/003360/07 |
Deregistration
final |
0 |
No |
|
PALS BUILDING
(PTY) LTD |
1966/000611/07 |
Dissolved |
0 |
No |
|
T AND C SALES
CORPORATION (PTY) LTD |
1966/001292/07 |
Deregistration
final |
0 |
No |
|
FIBAFABS (PTY)
LTD |
1969/008867/07 |
Deregistration
final |
0 |
No |
|
WATSON SHOES
(PTY) LTD |
1969/009829/07 |
In business |
0 |
No |
|
ATHSOE COMPANY
(PTY) LTD |
1970/016456/07 |
Deregistration
final |
0 |
No |
|
QUICKSTEP 468
(PTY) LTD |
2003/004735/07 |
In business |
9 |
No |
Previous Business
Interests
|
Average Age of
Previous Business Interests |
31 years |
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
BOLTON FOOTWEAR
(PTY) LTD |
1949/035036/07 |
In business |
0 |
No |
|
BAGSHAW FOOTWEAR
(PTY) LTD |
1973/003683/07 |
In business |
0 |
No |
Deeds Information
Property Interests
of Principle
|
Property Interest 1 |
|||
|
Title Deed No. |
None |
Erf/Site No. |
|
|
Deeds Office |
|
Physical Address |
|
|
Property Type |
|
Extent / Size |
|
|
Purchase Date |
|
Purchase price |
|
|
% Ownership |
|
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
|
Principal 8 of 9
|
Surname |
CHILVERS |
|
First Names |
Stanley |
|
ID Number |
340605501983 |
|
Current Age |
77 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
1987-10-07 |
|
Address (at time
of Appointment) |
19 Knox Street WAVERLEY 2090 |
|
ID Verification |
Yes |
Adverse Information on Principal
Judgement 0 of 0
|
Number of
Judgements |
None on record |
Debt Review
|
Debt review |
None on record |
Other
|
Default data |
None on record |
Business Information on Principal
Current Business
Interests
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
C C INVESTMENTS (PTY) LTD |
1963/002387/07 |
In business |
0 |
No |
|
COLLATERAL
SECURITIES HOLDINGS (PTY) LTD |
1964/004600/07 |
Deregistration
final |
0 |
No |
|
DAVY CONTRACTORS
(PTY) LTD |
1966/001587/07 |
Deregistration
final |
0 |
No |
|
DUDLEY DAVY
(PTY) LTD |
1967/003036/07 |
Conversion CO/CC
or CC/CO |
0 |
No |
|
ROMADA (PTY) LTD |
1967/009764/07 |
In business |
0 |
No |
|
CARLOW
MANAGEMENT (PTY) LTD |
1968/001958/07 |
Deregistration
final |
0 |
No |
|
REEFCRETE (PTY)
LTD |
1968/003961/07 |
In business |
0 |
No |
|
CARGO CARRIERS
HOLDINGS (PTY) LTD |
1969/012377/07 |
In business |
0 |
No |
|
RIDGE NOMINEES
(PTY) LTD |
1969/013862/07 |
Deregistration
final |
0 |
No |
|
RIVCROFT (PTY)
LTD |
1970/002299/07 |
In business |
0 |
No |
|
LINKSMINSTER
PROPERTIES (PTY) LTD |
1970/004973/07 |
Deregistration
final |
0 |
No |
|
STANGRAY PARK
(PTY) LTD |
1973/001265/07 |
Deregistration
final |
0 |
No |
|
DARTFIELD
INVESTMENTS (PTY) LTD |
1973/004040/07 |
Deregistration
final |
0 |
No |
|
PRIMTAY
INVESTMENTS (PTY) LTD |
1973/004243/07 |
Deregistration
process |
0 |
No |
|
HERPA PROPERTIES
(PTY) LTD |
1974/002112/07 |
Deregistration
final |
0 |
No |
|
HALLMARK MOTOR
GROUP (PTY) LTD |
1978/002146/07 |
In business |
0 |
No |
|
VANGUARD MANAGEMENT
SYSTEMS (PTY) LTD |
1982/005425/07 |
Deregistration
final |
0 |
No |
|
EDENBURG TOWERS
(PTY) LTD |
1982/010703/07 |
Conversion CO/CC
or CC/CO |
0 |
No |
|
EMM JAY
SECURITIES (PTY) LTD |
1986/000746/07 |
In business |
0 |
No |
|
BEE BEE SECURITIES
(PTY) LTD |
1986/000747/07 |
In business |
0 |
no |
|
GEE DEE
SECURITIES (PTY) LTD |
1986/000748/07 |
In business |
0 |
No |
|
ESSEE INVESTMENT
HOLDINGS CC |
1989/028567/23 |
Deregistration
final |
0 |
No |
|
CAMELOT PARK PROPERTIES
(PTY) LTD |
2001/028205/07 |
In business |
0 |
No |
|
ZINZAN 19
PROPERTY HOLDINGS (PTY) LTD |
2003/003249/07 |
In business |
0 |
No |
Previous Business
Interests
|
Average Age of
Previous Business Interests |
41.5 years |
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
GBR REALISASIE
MAATSKAPPY (PTY) LTD |
1920/000580/07 |
In Business |
0 |
No |
|
BOLTON
INDUSTRIAL HOLDINGS LTD |
1947/024557/06 |
Deregistration
Final |
|
|
|
STANMAR MOTORS (PTY)
LTD |
1956/003234/07 |
In Business |
|
|
|
IDAD (PTY) LTD |
1967/005126/07 |
In Business |
|
|
|
CARRICK
PROPERTIES (VANDERBIJLPARK) (PTY) LTD |
1971/013227/07 |
In Business |
|
|
|
VAAL TRIANGLE
MOTORS (PTY) LTD |
2003/013907/07 |
In Business |
|
|
|
NEW VAAL MOTORS
(PTY)LTD |
2003/014648/07 |
In Business |
|
|
Deeds Information
Property Interests
of Principle
|
Property Interest 1 of 1 |
|||
|
Title Deed No. |
T56107/2001 |
Erf/Site No. |
|
|
Deeds Office |
Pretoria |
Physical Address |
3 Jasmine Morningside Sandton |
|
Property Type |
Freehold/ Ervin |
Extent / Size |
1785.0 SQM |
|
Purchase Date |
2001-04-20 |
Purchase price |
635000.00 |
|
% Ownership |
0.000 |
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
0.000 |
Principal 9 of 9
|
Surname |
LOUW |
|
First Names |
Martinus |
|
ID Number |
5106105065080 |
|
Current Age |
60 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
1979-08-24 |
|
Address (at time
of Appointment) |
4 Villiers street George 6529 |
|
ID Verification |
Yes |
Adverse Information on Principal
Judgement 0 of 0
|
Number of
Judgements |
None on record |
Debt Review
|
Debt review |
None on record |
Other
|
Default data |
None on record |
Business Information on Principal
Current Business
Interests
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
M J LOUW |
|
|
0 |
No |
|
PATRICK
SPORTSWEAR (PTY) LTD |
1917/001610/07 |
Deregistration
Final |
0 |
No |
|
GBR REALISASIE
MAATSKAPPY (PTY) LTD |
1920/000580/07 |
In Business |
0 |
No |
|
OUDSHOORN
FOOTWEAR (PTY) LTD |
1844/018132/07 |
Deregistration
Final |
0 |
No |
|
BABEED SOUTH
AFRICA LTD |
1947/025446/06 |
Deregistration
Final |
0 |
No |
|
STANMAR MOTORS
(PTY) LTD |
1956/003234/07 |
In Business |
0 |
No |
|
ELGIN TIMBER
BUILDINGS (PTY) LTD |
1959/001041/07 |
Dissolved |
0 |
No |
|
W O B PROPERTIES
(PTY) LTD |
1959/03360/07 |
Deregistration
Final |
0 |
No |
|
PALS BUILDINGS
(PTY) LTD |
1966/000611/07 |
Deregistration
Final |
0 |
No |
|
FIBAFABS (PTY) LTD |
1969/008867/07 |
Deregistration
Final |
0 |
No |
|
WATSON SHOES
(PTY) LTD |
1969/009829/07 |
|
0 |
No |
|
ATHSHOE COMPANY
(PTY) LTD |
1970/016456/07 |
Deregistration
Final |
0 |
No |
|
BAGSHAW FOOTWEAR
(PTY) LTD |
1973/003683/07 |
In Business |
0 |
No |
|
WOLVEDANS
BELEGGINGS (PTY) LTD |
1975/003321/07 |
In Business |
0 |
No |
|
PYROHOMES (PTY)
LTD |
1989/004192/07 |
Deregistration
Final |
0 |
No |
|
QUICKSTEP 468
(PTY) LTD |
2003/004735/07 |
In Buisness |
0 |
No |
Previous Business Interests
|
Average Age of
Previous Business Interests |
31 years |
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
TUINROETE
BEHUISINGSMAATSKAPPY |
1980/0004351/08 |
In Business |
0 |
No |
Deeds Information
Property Interests
of Principle
|
Property Interest 1 of 1 |
|||
|
Title Deed No. |
None |
Erf/Site No. |
|
|
Deeds Office |
|
Physical Address |
|
|
Property Type |
|
Extent / Size |
|
|
Purchase Date |
|
Purchase price |
|
|
% Ownership |
|
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.68 |
|
UK Pound |
1 |
Rs.73.05 |
|
Euro |
1 |
Rs.64.29 |
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 |
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 |
|
---- |
NB |
New Business |
---- |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.