MIRA INFORM REPORT
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Report Date : |
05.10.2011 |
IDENTIFICATION DETAILS
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Correct Name : |
D T DESIGNS CC |
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Registered Office : |
5 Tobie Street, Hennops Park, Centurion, Gauteng |
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Country : |
South Africa |
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Date of Incorporation : |
12.11.2002 |
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Com. Reg. No.: |
2002/095824/23 |
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Legal Form : |
Closed Corporation |
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Line of Business : |
Hand printing and silk screening of fabrics |
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 : |
Slow |
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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 fabric business.
The subject is meeting its commitments slightly over terms at times with
suppliers.
A bank code C was obtained for and amount of R200 000 over 30 days.
Your figure is considered as too high.
We still await some information from a member of the business, and await
her reply from our messages.
However please see the information obtained below.
Should any further details be available they will be forwarded.
Company Information
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Registered
Name |
D T DESIGNS CC |
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Trading
as/ Division Name |
DESIGN TEAM FABRICS |
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Previous Name |
None |
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Date of Name
Change |
N/A |
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Registration
Number |
2002/095824/23 |
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Registration
Date |
2002-11-12 |
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Date Commenced
Trading |
2002 |
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History of
Business |
The subject commenced as a new business in 2002 |
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Membersof
subject and % holding |
51% L BUTLER 49% A HAUPT(Herholdt) |
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Members
Contribution |
R100 |
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Age of Company |
8 years 11 months |
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Status |
In Business |
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Operations Assessment |
Hand printing and silk screening of
fabrics |
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Industry/
Customers |
Clothing
manufacturers and decorators |
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Export |
On occasion worldwide |
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Major Industry
Code / SICC |
32520 Manufacturing |
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Definition of
Code |
Service activities related to printing |
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Head Office
Physical Address |
5 Tobie Street Hennops Park CENTURION GAUTENG The subject moved from premises: Unit 2 and 3 The Corner Complex c/o Theuns and Hilde Street Hennops park CENTURION in September 2010. |
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Head Office
Postal Address |
P O Box 67697 HIGHVELD 0169 |
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Current Tel
Number |
012 6531973 |
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Current Fax
Number |
012 6538417 |
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Current Email
Address |
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Web Site Address |
Auditors Information
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Company
Registered Name |
Awaiting confirmation of the auditor and related details. |
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Trading Name |
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Registration
Number |
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Physical Address |
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Postal Address |
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Contact Person |
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Contact Number |
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Email |
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Principals |
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Judgements
Against Subject |
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Judgements
Against Principals |
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Subject Verified
as Client |
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SAICA number |
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VAT Number |
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Tax Number |
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BEE Status |
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Financial Year
End |
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Years With
Auditors |
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Website |
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Previous Auditors
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Company Name/ Tel |
Time With Previous Auditors |
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Unknown |
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Tax Information
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Vat Number |
4140204878 |
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Status |
Active |
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Vat Liable Date |
Bi-monthly |
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Tax Number |
9019880153 |
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Tax Clearance
Expire Date |
February |
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Financial Year
End |
February |
Black Economic
Empowerment
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Status |
Unknown |
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Score |
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Expire Date |
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BEE Certificate
Available |
Yes/No |
ISO Status
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Type of ISO
Grade |
Unknown |
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ISO Certificate |
Yes/No |
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ISO Certificate
Available |
Yes/No |
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Certified by
anAccredited Agent |
Yes/No |
Workman’s
compensation
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Registered |
Yes/No |
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Compliance
Certified |
Yes/No |
Company Structure
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Branches |
None |
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Branches Names |
Country |
Province |
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None |
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Subsidiary
Company |
None |
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Shareholding |
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Registration
Number |
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Import / Export |
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Number of
Employees |
37 |
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1.
Salaried
employees |
37 |
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2.
Waged
employees |
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3.
Permanent
employees |
37 |
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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 |
No Fleet |
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1.
Cars |
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2.
Light
Delivery Vehicles |
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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 |
Rented |
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Rental Company |
KGWEBO 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 |
Unknown |
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Lease Expire
Date |
Unknown |
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Type of Premises |
Warehouse |
Trade References
|
Supplier |
Contact |
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1)
SAINT
FABRICS |
021 4485690 |
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2)
VON
B |
031 7663014 |
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3)
LATCH
KEY |
012 6532545 |
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4)
CHEMOSOL |
011 4933686 |
Trade References
|
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
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1)2004 |
R250 000 |
R200 000 |
60 days |
R150 000- 200 000 |
65 days |
Good |
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2) 1.5 years |
None |
R60 000 |
COD |
R35 000- R60 000 |
COD |
Very Good |
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3) 4 years |
R6 000 |
R5 000 |
30 days |
R3 000- R5
000 |
30 days |
Very Good |
Adverse
Information on Subject
|
Judgements |
None |
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Possible
Judgements |
None |
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Civil Court |
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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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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Bank Information
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Bank |
STANDARD BANK |
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Branch |
CENTURION |
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Bank Account
Number |
410360112 |
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Type of Account |
Current |
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Account Name |
D T DESIGNS CC |
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Bank Code |
C for R200 000 over 30 days |
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Bank Comment |
The subject’s bankers stated they are considered as equal to their
normal business engagements. |
Bank CodesHistory
|
Date requested |
Bank Code |
Enquiry Amount |
Number of RD’s |
RD amount |
RD Date |
Bank Comments |
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None |
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Previous Bank
Accounts
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Banker |
Branch Code |
Account Holder |
Account number |
Date opened |
Years with bank |
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None |
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Financial Information
Financial
Estimates
We are awaiting the member of the company to assist.
Should any further information be available it will be forwarded.
Principals
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Number of
Principals |
2 |
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Average Age of
Active Principals |
34 |
Active Principals
Principal 1 of 2
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Surname |
HAUPT |
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First Names |
AMANDA |
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Marital Status |
Married |
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ID Number |
7708050005082 |
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Verified ID
Number |
Yes |
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Current Age |
34 |
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Designation |
Member |
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Status |
Active |
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Appointment Date |
Not on record |
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Address (at time of
Appointment) |
291 Van Riebeeck Lane LYTTLETON CENTURION 0140 |
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
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Company Name |
Registration No |
Status |
Judgements |
Liquidation |
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None |
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Previous Business
Interests
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Average Age of
Previous Business Interests |
None |
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Company Name |
Registration No |
Status |
Judgements |
Liquidation |
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None |
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Deeds Information
Property Interests of
Principle
|
Property Interest |
|||
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Title Deed No. |
None on record |
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 |
BUTLER |
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First Names |
LISE |
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Marital Status |
Married |
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ID Number |
7702140022082 |
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Verified ID
Number |
Yes |
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Current Age |
34 |
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Designation |
Member |
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Status |
Active |
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Appointment Date |
Not on record |
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Address (at time of
Appointment) |
17A Orly Close HIGHVELD CENTURION 0169 |
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 |
|
None |
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Previous Business
Interests
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Average Age of
Previous Business Interests |
None |
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Company Name |
Registration No |
Status |
Judgements |
Liquidation |
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None |
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Deeds Information
Property Interests
of Principle
|
Property Interest |
|||
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Title Deed No. |
T100473/2008 |
Erf/Site No. |
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Deeds Office |
PRETORIA |
Physical Address |
14 HOLSTEIN SOUTHDOWNS IRENE COUNTRY FARM CENTURION |
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Property Type |
Freehold/ Ervin |
Extent / Size |
1000.0SQM |
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Purchase Date |
2008-09-04 |
Purchase price |
R800000 |
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% Ownership |
0.0000 |
Bond Holder |
FIRSTRAND BANK LTD |
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Bond Number |
B994352008 |
Bond Amount |
R600000 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.23 |
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UK Pound |
1 |
Rs.76.07 |
|
Euro |
1 |
Rs.65.06 |
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 |
Capability to overcome financial difficulties seems comparatively
below average. |
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.