MIRA
INFORM REPORT
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Report Date : |
04.10.2011 |
IDENTIFICATION DETAILS
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Correct Name : |
P L A CLOTHING PTY LTD |
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Registered Office : |
2nd Floor West Wing, Village Walk Shopping Centre, Cnr Maude And Rivonia Roads, Sandton 2146 |
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Country : |
South Africa |
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Date of Incorporation : |
23.03.1990 |
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Com. Reg. No.: |
1990/001679/07 |
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Legal Form : |
Private Company |
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Line of Business : |
Fabric Wholesaler |
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 |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
No Complaints |
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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) |
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South Africa |
a2 |
a2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Assessment:
This is an established business that is not a general credit seeker
locally.
The company has no adverse records against its name.
In view of the absence of a payment pattern and full financial
information we cannot speak to your figure.
We still await a bank code.
Company Information
|
Registered
Name |
P L A CLOTHING PTY LTD |
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Trading
as/ Division Name |
None |
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Previous Name |
None |
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Date of Name
Change |
N/A |
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Registration
Number |
1990/001679/07 |
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Registration
Date |
1990-03-23 |
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Date Commenced
Trading |
1990 |
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History of
Business |
The subject commenced as a new business in 1990 |
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Shareholdersof
subject and % holding |
50% T SONIK 50% L LEWISON |
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Age of Company |
21 years 5 months |
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Status |
In Business |
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Operations
Assessment |
Fabric wholesaler |
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Industry/
Customers |
Interior designers hotel groups. etc |
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Major Industry
Code / SICC |
61310 Wholesale Retail |
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Definition of
Code |
Wholesale trade in textiles, clothing and
footwear. |
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Head Office
Physical Address |
2nd Floor West Wing Village Walk Shopping Centre Cnr Maude and Rivonia Roads SANDTON 2146 |
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Head Office
Postal Address |
PO Box 1333 HIGHLAND NORTH 2037 |
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Current Tel
Number |
011 8830580 |
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Current Fax
Number |
011 8830587 |
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Current Email
Address |
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Web Site Address |
Auditors Information
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Company
Registered Name |
J H SMILG AND COMPANY |
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Registration
Number |
1965/007520/07 |
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Physical Address |
7th Floor JHS Executive Centre 112 Kerk Street JOHANNESBURG 2000 |
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Postal Address |
P O Box 9460 JOHANNESBURG 2000 |
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Contact Person |
HAMID |
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Contact Number |
011 3374030 |
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Email |
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Principals |
M CARROL F SHARIEF S BURGER |
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Judgements
Against Subject |
None |
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Judgements
Against Principals |
None |
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Subject Verified
as Client |
Yes |
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SAICA number |
905895E |
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Tax Number |
9300600849 |
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BEE Status |
Unknown |
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Financial Year
End |
February |
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Website |
Tax Information
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Vat Number |
4420120158 |
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Status |
Active |
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Vat Liable Date |
End October (bi monthly) |
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Tax Number |
9475288842 |
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Tax Clearance
Expire Date |
February, August |
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Financial Year
End |
February |
Black
Economic Empowerment
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Status |
Yes |
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Score |
Level 6 |
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Expire Date |
Renewing at present |
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BEE Certificate
Available |
No |
ISO
Status
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Type of ISO
Grade |
None |
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ISO Certificate |
Yes/No |
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ISO Certificate
Available |
Yes/No |
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Certified
by an Accredited Agent |
Yes/No |
Workman’s
compensation
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Registered |
Yes recently requested |
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Compliance
Certified |
No |
Company Structure
|
Branches |
1 |
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Branches Names |
Country |
Province |
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CAPE TOWN |
SOUTH AFRICA |
WESTERN CAPE |
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Subsidiary
Company |
Not available |
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Shareholding |
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Registration
Number |
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Import / Export |
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Number of
Employees |
17 |
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1.
Salaried
employees |
17 |
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2.
Waged
employees |
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3.
Permanent
employees |
17 |
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4.
Casual
employees |
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5.
Contracted
employees |
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Company Fleet |
No of vehicles: |
Owned/ Leased |
Value |
Outstanding
Balance |
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Fleet Operations |
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The Fleet is
made up of |
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1.
Cars |
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2.
Light
Delivery Vehicles |
1 |
Owned |
R175 000 |
R100 000 |
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3.
Trailers |
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4.
Busses |
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5.
Trucks |
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6.
Fork
Lifts |
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7.
Other |
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Head
OfficeOwned/ Rented |
Leased |
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Rental Company |
Village walk management |
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Owned by |
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Value |
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Bond |
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Bank |
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Lease Agreement |
Bi- monthly |
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Type of Premises |
Office |
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Branch Owned/
Rented |
Leased |
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Rental Company |
Pigeon Hawk Properties |
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Owned by |
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Value |
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Bond |
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Bank |
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Lease Agreement |
3 years |
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Lease end date |
2013 |
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Type of Premises |
Showroom, office |
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Trade References
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Supplier |
Contact |
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GMA LOGISTICS |
011 9748914 |
Trade References
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Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
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Do |
Not |
Give |
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Adverse
Information on Subject
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Judgements |
None |
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Possible
Judgements |
None |
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Civil Court
Records |
None |
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RDs |
None |
Default Data
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Date |
Details |
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None |
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Notarial Bonds
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Date |
Details |
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None |
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Deeds Information
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Property Interest |
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Property Type: |
None |
Stand Number: |
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Street Number: |
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Street Name: |
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Municipal Suburb: |
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Municipal City: |
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Township Name: |
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Province: |
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Deeds Office: |
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Transfer ID: |
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Title Deed Number: |
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Purchase Date: |
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Transfer Date: |
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Erf Size: |
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Sold Price: |
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Bank Information
|
Bank |
ABSA |
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Branch |
Business Booysens |
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Bank Account
Number |
4059378331 |
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Type of Account |
Current |
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Branch Code |
630356 |
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Account Name |
PLA CLOTHING (PTY) LTD T/A TESSA SONIC FABRICS COLLECTION |
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Overdraft
Facilities |
Yes, not used |
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Date Opened |
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Bank Code |
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Bank Comment |
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Financial Information
Financial
Estimates
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CURRENT ASSETS |
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Stock |
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Debtors |
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Cash on Hand |
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FIXED ASSETS |
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Plant,
Equipment, Vehicles |
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Property |
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CURRENT
LIABILITIES |
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Creditors |
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Loans/ From? |
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LONG TERM LIABILITIES |
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Morgage Bonds |
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ANNUAL Turnover |
R13 000 000 |
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Previous Year
Turnover |
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Estimated
Current Year Turnover |
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Principals
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Number of
Principals |
2 |
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Average
Age of Active Principals |
61 |
Active Principals
Principal 1 of 2
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Surname |
SONIK |
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First Names |
TESSA |
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Marital Status |
Married |
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ID Number |
6403010027001 |
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Verified ID
Number |
Yes |
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Current Age |
47 |
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Designation |
Director |
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Status |
Active |
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Appointment Date |
1998-03-20 |
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Address (at time of
Appointment) |
6 Fifth Street ORANGE GROVE 2196 |
Adverse
Information on Principal
Judgement
|
Number of
Judgements |
None |
Debt
Review
|
Debt review |
None |
Other
|
Default data |
None |
Business
Information on Principal
Current
Business Interests
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
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TESSA SONIK
FABRIC COLLECTION |
6403010027001 |
Not Stated |
0 |
No |
Previous Business
Interests
|
Average Age of
Previous Business Interests |
16.5 years |
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Company Name |
Registration No |
Status |
Judgements |
Liquidation |
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RED PEPPER
DESIGN CC |
1994/023959/23 |
Deregistration
Final |
0 |
No |
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21 MELROSE ROAD
CC |
1995/008735/23 |
Deregistration
Final |
0 |
No |
Deeds Information
Property Interests of
Principle
|
Property Interest |
|||
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Title Deed No. |
None |
Erf/Site No. |
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Deeds Office |
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Physical Address |
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Property Type |
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Extent / Size |
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Purchase Date |
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Purchase price |
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% Ownership |
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Bond Holder |
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Bond Number |
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Bond Amount |
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Principal 2 of 2
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Surname |
LEWISON |
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First Names |
LEONARD |
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Marital Status |
Married |
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ID Number |
3601215061005 |
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Verified ID
Number |
Yes |
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Current Age |
75 |
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Designation |
Director |
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Status |
Active |
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Appointment Date |
1998-03-20 |
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Address (at time of
Appointment) |
38 Main Road ROUXVILLE Johannesburg 2192 |
Adverse
Information on Principal
Judgement
|
Number of
Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Business
Information on Principal
Current Business
Interests
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
LA ROSA GEBOU
LTD |
1962/002953/06 |
In Business |
0 |
No |
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COROBAY
PROPERTIES (PTY) LTD |
1963/000548/07 |
In Business |
0 |
No |
|
NORTHWOLD EXT 38
(PTY) LTD |
1968/010014/07 |
Deregistration
Process |
0 |
No |
|
SWANY- LEW
PROPERTIES (PTY) LTD |
1978/001578/07 |
Deregistration
Process |
0 |
No |
|
FLUTTERBY (PTY)
LTD |
1984/009009/07 |
Deregistration
Process |
0 |
No |
|
VAL BARSDORF
(PTY) LTD |
1981/011240/07 |
Deregistration
Process |
00 |
|
|
BOSHOLD LTD |
1989/004194/06 |
In Business |
0 |
No |
|
JEFFERSON
PROPERTY INVESTMENTS (PTY) LTD |
1991/00092927 |
In Business |
0 |
No |
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MARKET STREET
NOMINEES NINE (PTY) LTD |
1991/001770/07 |
In Business |
0 |
No |
|
AMEN CORNER CC |
1991/013394/23 |
In Business |
0 |
No |
|
STAND 1354 BEREA
(PTY) LTD |
1993/007724/07 |
|
0 |
No |
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ERVEN 494 AND
495 BEREA CC |
1993/013090/23 |
3/013090/07 |
0 |
No |
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JILLS CORNER |
3601215061005 |
Not on Recotd |
0 |
No |
Previous Business
Interests
|
Average Age of
Previous Business Interests |
21.7 years |
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
FREE STATE FABRICS
(PTY) LTD |
1953/001195/07 |
Deregistration
Final |
0 |
No |
|
KOCO (PTY) LTD |
1978/003517/07 |
Deregistration
Final |
0 |
No |
|
CORPORATE KIT CC |
1986/.019911/23 |
In Liquidation |
0 |
Yes |
|
ESS ESS GEE
INVESTMNETS CC |
1988/032997/23 |
In Business |
0 |
No |
|
J H ISAACS
COMPANY NINE (PTY) LTD |
1991/000050/07 |
In Business |
0 |
No |
|
STAND 1383 BEREA
LTD |
1991/001438/06 |
Deregistration
Final |
0 |
No |
|
STAND 2257
JOHANNESBURG (PTY) LTD |
1992/000831/07 |
Deregistration
Process |
0 |
No |
|
ROTATRADE 25
(PTY) LTD |
1993/005454/007 |
Deregistration
Final |
0 |
No |
|
MINSTONE TRADING
(PTY) LTD |
1994/007565/07 |
Deregistration
Process |
0 |
No |
|
WAVERLEY
CENTENARY (PTY) LTD |
1995/005347/07 |
Deregistration
Final |
7 |
No |
|
ARBAT TRADING
(PTY) LTD |
1998/010143/07 |
Dissolved |
0 |
No |
Deeds Information
Property Interests
of Principle
|
Property Interest |
|||
|
Title Deed No. |
None |
Erf/Site No. |
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Deeds Office |
|
Physical Address |
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Property Type |
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Extent / Size |
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Purchase Date |
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Purchase price |
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% Ownership |
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Bond Holder |
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Bond Number |
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Bond Amount |
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.42 |
|
UK Pound |
1 |
Rs.76.72 |
|
Euro |
1 |
Rs.65.85 |
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.