MIRA INFORM REPORT

 

 

Report Date :           

16.04.2012

 

IDENTIFICATION DETAILS

 

Correct Name :

STUTTAFORDS INTERNATIONAL FASHION COMPANY (PTY) LTD

 

 

Registered Office :

5th Floor Eastgate Office Towers, 43 Bradford Road, BEDFORDVIEW 2007

 

 

Country :

South Africa

 

 

Date of Incorporation :

23.02.2004

 

 

Com. Reg. No.:

M2004/004471/07

 

 

Legal Form :

Private Company

 

 

Line of Business :

Manufacture clothing and selling

 

 

No. of Employees :

1000

 

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

 

Maximum Credit Limit :

R 1 500 000

Status :

Good

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, 2012

 

Country Name

Previous Rating

                   (31.12.2011)                  

Current Rating

(31.03.2012)

South Africa

a2

a2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 


 

Company summary

 

Subject Name

STUTTAFORDS INTERNATIONAL FASHION COMPANY (PTY) LTD

Country

SOUTH AFRICA

Requested Credit Limit

R 1 500 000

Enquiry Terms

30 DAYS

Account Review

6 MONTHS

Subject Contact person

PHILLIP FUINSTEIN-011 8791000

 

 

 

Assessment

 

 

 

Total Credit Limit Exposure:

On the investigation we established this is large company

A bank code revealed that the subject would be considered as equal to R1 500 000 over 30 days.

The company has 15 branches throughout South Africa.

The subject is considered good for all business engagements.

 

 

 

Company Information

 

Registered Name

STUTTAFORDS INTERNATIONAL FASHION COMPANY (PTY) LTD

Trading as/ Division Name

None

Previous Name

None

Date of Name Change

None

Registration Number

M2004/004471/07

Registration Date

2004-02-23

Date Commenced Trading

2004-02-23

Age of Business

8 Years 2 Months

History of Business

Stuttafords quickly grew from very humble beginnings back in 1858 to one of the most well-known, cutting-edge clothing, cosmetics and homeware suppliers today, largely due to its continuously impressive dedication to impeccable product and service standards.

History of Principals

None

Shareholders/Members/Partners of subject and  % holding

100% STUTTAFORDS STORES (PTY) LTD

Authorised Share Capital

R 1000

Issued Share Capital/Members Contribution

R 100

Status

This Business is Active

Operations Assessment

Manufacture clothing and selling

Industry/ Customers

 

Export

No

Major Industry Code / SICC

6232

Definition of Code

Retail trade in textiles, clothing, footwear and leather goods

Head Office Physical Address

 

 

5th Floor Eastgate Office Towers

43 Bradford Road

BEDFORDVIEW

2007

Head Office Postal Address

 

 

 

PO Box 75322

GARDENVIEW

2047

Current Tel Number

011 8791000

Cell number

Unavailable

Current Fax Number

011 6160189

Current Email Address

Unavailable

Web Site Address

www.stuttaford.co.za 

 

 

Auditors Information

 

Company Registered Name

CHARLES ORBACH AND COMPANY

Trading Name

None

Registration Number

2003/009496/07

Physical Address

3 Melrose Boulevard

MELROSE ARCH

2076

Postal Address

PO Box 355

MELROSE ARCH

2076

Contact Person

MARLENE

Contact Number

011 9944000

Email

Unavailable

Principals

4

Judgements Against Subject

None

Judgements Against Principals

None

Subject Verified as Client

Yes

SAICA number

914134E

VAT Number

4200219782

Tax Number

9254509152

BEE Status

No

Financial Year End

December

Years With Auditors

2 Years

Website

www.charlesorbach.co.za 

 

Previous Auditors

Company Name

Phone Number

Time with previous auditors

KPMG INC

 

Unknown

PRICE WATERHOUSE COOPERS INCORPORATED

 

Unknown

DELOITTE AND TOUCHE

 

Unknown

 


 

Tax Information

 

Vat Number

4620211419

Status

Active

Vat Liable Date

2004-04-01

Tax Number

9557368157

Tax Clearance Expire Date

Unavailable

Financial Year End

June

 

 

Black Economic Empowerment

 

Status

No

Score

 

Expire Date

 

BEE Certificate Available

 

 

ISO Status

 

Type of ISO Grade

No

ISO Certificate

 

ISO Certificate Available

 

Certified by an Accredited Agent

 

 

 

Workman’s compensation

 

Registered

Yes

Compliance Certified

Yes

 

 

Company Structure

 

Subsidiaries

Subsidiary Company

None

Shareholding

 

Registration Number

 

Import / Export

 

 

Number of Employees

1000

1.       Salaried employees

 

2.       Waged employees

 

3.       Permanent employees

500

4.       Casual employees

500

5.       Contracted employees

 

 



Company Fleet

No of vehicles:

Owned/ Leased

Value

Outstanding Balance

Fleet Operations

Deemed Confidential

 

 

 

The Fleet is made up of

 

1.       Cars

 

 

 

 

2.       Light Delivery Vehicles

 

 

 

 

3.       Trailers

 

 

 

 

4.       Busses

 

 

 

 

5.       Trucks

 

 

 

 

6.       Fork Lifts

 

 

 

 

7.       Other

 

 

 

 

 

Offices

Offices


Head Office Owned/ Rented

Rent

Rental Company

Liberty

Owned by

 

Value

 

Bond

 

Bank

 

Lease Agreement

Deemed Confidential

Lease Expire Date

 

Type of Premises

Offices

 

Branches Names

Country

Province

GATEWAY

SOUTH AFRICA

UMHLANGA ROCKS

LA LUCIA

SOUTH AFRICA

KWAZULU NATAL

PAVILLION

SOUTH AFRICA

KWAZULU NATAL

SANDTON

SOUTH AFRICA

GAUTENG

CLEARWATERS

SOUTH AFRICA

GAUTENG

EASTGATE

SOUTH AFRICA

GAUTENG

ROSEBANK

SOUTH AFRICA

GAUTENG

CRESTA

SOUTH AFRICA

GAUTENG

MENLYN PARK

SOUTH AFRICA

PRETORIA

BROOKLYN

SOUTH AFRICA

PRETORIA

GABORONE

BOTSWANA

BOTSWANA

CANAL WORK

SOUTH AFRICA

CAPE TOWN

CLAREMONT

SOUTH AFRICA

CAPE TOWN

TYGRVALLEY

SOUTH AFRICA

CAPE TOWN

WINDHOEK

NAMIBIA

NAMIBIA

 


Branches Owned/ Rented

Deemed Confidential

Rental Company

 

Owned

 

Value

 

Bank

 

Bond

 

Lease Agreement

 

Lease Expire Date

 

Type of Premises

 

 

Management Overview

 

Organisation chart

Level

Position

Name

1

DIRECTOR

HILTON MER

1

DIRECTOR

ROBERT AMOILS

1

DIRECTOR

DANIEL REICHENBERG

1

DIRECTOR

DIONNE HIRSCHOWTZ

1

DIRECTOR

ALLAN RUEBENSTEIN

1

DIRECTOR

GERALD RUBENSTEIN

 

 

Company Structure (Ownership)

Note: One level up and all levels down

 

Holding

Company

Sub

100%

STUTTAFORD STORES (PTY) LTD

None

 

 

Trade References

 

Key deals signed within the past 12 months.

 

Company

Value

Contact

Deemed Confidential

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trade Reference nr

Supplier

Contact

Surety Value

Notarial Bonds

1

Still awaits Trade References

 

 

 

        2 

 

 

 

 

3

 

 

 

 

 

Trade References Detail

Nr

Age of Acc

Credit Limit

Max Credit

Terms

Average Purchases

Terms Taken

Comment

1

Still awaits Trade References

 

 

 

 

 

 

2

 

 

 

 

 

 

 

3

 

 

 

 

 

 

 

 

 

Adverse Information on Subject

 

Judgements

Judgements

None

Possible Judgements

None

Civil Court

None

RDs

None

 

Business Rescue

Date registered

Business rescue practitioner

Contact Information

Details

None

 

 

 

 

Default Listings

Date

Details

None

 

 

Notarial Bonds

Date

Details

None

 

 

Bank Information

 

Bank

NEDBANK

Branch

CORPORATE CLIENT SERVICES

Bank Account Number

1454081155

Type of Account

CURRENT

Account Name

STUTTAFORD INTERNATIONAL FASHION COMPANY (PTY) LTD

Overdraft Facilities

Deemed Confidential

Bank Code

B for R 1 500 000

Bank Comment

 

The subject’s banker consider them good for all business engagement

 

 


Bank Codes History

Date requested

Bank Code

Enquiry Amount

Number of RD’s

RD amount

RD Date

Bank Comments

Years with bank

None

 

 

 

 

 

 

 

 

 

Previous Bank Accounts

Banker

Branch Code

Account Holder

Account number

Date opened

Years with bank

None

 

 

 

 

 

 

 

Deeds Information

 

Property Interestsfor Company

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

 

 

 

Financial Information

 

Financial Estimates

CURRENT ASSETS

Deemed Confidential

Stock

 

Debtors

 

FIXED ASSETS

 

Plant, Equipment, Vehicles

 

Property

 

CURRENT LIABILITIES

 

Creditors

 

Loans/ From?

 

LONG TERM LIABILITIES

 

Morgage Bonds

 

Previous Year Turnover

 

Estimated Current Year Turnover

 

Current Turnover per month

 

Current Turnover per annum

 

 

Please note the following:

Turnover and assets less than R 1,000,000.00

The subject falls within the National Credit Act

Turnover and assets less than R 2,000,000.00

The subject falls within the Consumer Protection Act

Principals

Number of Principals

6

Average Age of Active Principals

51

 

Active Principals

 

Principal 1 of 6: HILTON MER

Surname

MER

First Name

HILTON

Other Names

None

Marital Status

Unknown

ID Number

5709105042080

Verified ID Number

Yes

Current Age

55

Designation

Director

Status

Active

Appointment Date

2010-02-19

Physical Address (at time of Appointment)

13 Mervin Road

Glenhazel

JOHANNESBURG

2192

Postal Address

PO Box 33799

JEPPE

2043

Current Tel Number

011 8791003

Cell number

082 3308005

Current Fax Number

011 6160189

Current Email Address

Unknown

Shareholding

(if the principal owns shares)

 

Adverse Information for: HILTON MER

 

Judgement

Number of Judgements

None

 

Debt Review

Debt review

None

 

Other

Default data

None

 

Business Information for: HILTON MER

 

Current Business Interests

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

STUTTAFORDS MONO-BRAND NO 1 (PTY) LTD

K2011/108491/07

In Business

8 Months

0

No

STUTTAFORDS MONO-BRAND NO 2 (PTY) LTD

K2011/108495/07

In Business

8 Months

0

No

VESTACOR LTD

M1996/017285/06

In Business

15 Years

2 Months

0

No

STUTTAFORDS STORES (PTY) LTD

M1998/002696/07

In Business

14 Years

2 Months

0

No

AUTOZONE RETAIL AND DISTRIBUTION (PTY) LTD

M2009/007956/07

In Business

3 Years

0

No

 

Previous Business Interests

Average Age of Previous Business Interests

None

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

ALMA E PALACHE (PTY) LTD

1949/035308/07

Deregistration

Final

62 Years

5 Months

0

No

METCORP TARDING LTD

1964/000663/06

Deregistration

Final

48 Years

2 Months

0

No

FRASER (GAZANKULU) (PTY) LTD

1977/001127/07

Deregistration

Final

35 Years

0

No

METRO KANGWANE (PTY) LTD

1978/002004/07

Deregistration

Final

33 Years

10 Months

0

No

ERF 6127 OUDTSHOORN (PTY) LTD

1978/004027/07

Deregistration

Final

33 Years

6 Months

0

No

METCASH S A LTD

1980/000447/06

Deregistration

Process

32 Years

3 Months

0

No

CONSUMER GOODS COUNCIL OF SOUTH AFRICA

1982/006710/08

In Business

29 Years

9 Months

0

No

 

Deeds Information

 

Property Interestsfor: HILTON MER

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 2 of 6: ROBERT AMOILS

Surname

AMOILS

First Name

ROBERTS

Other Names

None

Marital Status

Unknown

ID Number

7702285134080

Verified ID Number

Yes

Current Age

35

Designation

Director

Status

Active

Appointment Date

2009-08-01

Physical Address (at time of Appointment)

15 Falklands Avenue

PARKTOWN

2193

Postal Address

PO Box 2597

PARKLANDS

2121

Current Tel Number

011 5027800

Cell number

083 5803858

Current Fax Number

011 6160189

Current Email Address

Unknown

Shareholding

(if the principal owns shares)

 

Adverse Information for: ROBERT AMOILS

 

Judgement

Number of Judgements

None

 

Debt Review

Debt review

None

 

Other

Default data

None

 

Business Information for: ROBERT AMOILS

 

Current Business Interests

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

OLDSPORT (PTY) LTD

1996/016544/07

In Business

15 Years

5 Months

0

No

VESTACOR HOLDINGS (PTY) LTD

1997/022546/07

In Business

14 Years

4 Months

0

No

GO RETAIL INVESTMENTS (PTY) LTD

1998/004438/07

In Business

14 Years

1 Months

0

No

LOOK AND LISTEN GROUP (PTY) LTD

1999/023235/07

In Business

12 Years

6 Months

0

No

STUTTAFORD STORES (PTY) LTD

M1998/002696/07

In Business

14 Years

2 Months

0

No

 

Previous Business Interests

Average Age of Previous Business Interests

7 Years

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

TEDELEX MOBILE (PTY) LTD

M2005/009388/07

In Business

7 Years

1 Months

0

No

 

Deeds Information

 

Property Interestsfor: ROBERT AMOILS

Title Deed No.

T84020/201

Erf/Site No.

 

Deeds Office

PRETORIA

Physical Address

86 PROTEA ATHOLL

SANDTON

Property Type

Freehold / Ervin

Extent / Size

4009.0SQM

Purchase Date

2010-03-25

Purchase price

R 7 000 000.00

% Ownership

0.0000

Bond Holder

ABSA BANK LTD

Bond Number

B552292010

Bond Amount

R 7 000 000.00

 

Principal 3 of 6: DANEL REICHENBERG

Surname

REICHENBERG

First Name

DANEL

Other Names

None

Marital Status

Unknown

ID Number

6909175048087

Verified ID Number

Yes

Current Age

43

Designation

Director

Status

Active

Appointment Date

2009-06-15

Physical Address (at time of Appointment)

3 Melrose Boulevard

MELROSE ARCH

2070

Postal Address

PO Box 75322

GARDENVIEW

2047

Current Tel Number

011 8791008

Cell number

082 4159596

Current Fax Number

011 6160189

Current Email Address

Unknown

Shareholding

(if the principal owns shares)

 


Adverse Information for: DANEL REICHENBERG

 

Judgement

Number of Judgements

None

 

Debt Review

Debt review

None

 

Other

Default data

None

 

Business Information for: DANEL REICHENBERG

 

Current Business Interests

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

ARROWTRADE 88 (PTY) LTD

2001/023599/07

Deregistration

Process

10 Years

6 Months

0

No

STUTTAFORDS MONO-BRAND NO 1 (PTY) LTD

K2011/108491/07

In Business

8 Months

0

No

STUTTAFORDS MONO-BRAND NO 2 (PTY) LTD

K2011/108495/07

In Business

8 Months

0

No

 

Previous Business Interests

Average Age of Previous Business Interests

11 Years

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

FRIDGE MASTER SA (PTY) LTD

1992/006512/07

Deregistration

Final

19 Years

5 Months

0

No

STANTRONIC (PTY) LTD

1997/002591/07

Deregistration

Final

15 Years

2 Months

0

No

HEAT AND COOL MANUFACTURING (PTY) LTD

1997/002679/07

Dissolved

15 Years

2 Months

0

No

SWEET LAND (PTY) LTD

1998/020480/07

Deregistration

Final

13 Years

6 Months

0

No

HOVENNUTS (PTY) LTD

1999/000828/07

Deregistration

Final

13 Years

3 Months

0

No

NEW HEIGHTS 224 (PTY) LTD

2000/021246/07

In Business

11 Years

8 Months

0

No

FRUDUNE INVESTMENTS CC

2002/027486/07

Deregistration

Final

10 Years

3 Months

0

No

FADPROPS 2 (PTY) LTD

2002/027486/07

Deregistration

Final

9 Years

5 Months

0

No

SAIB SWEETS (PTY) LTD

2003/002473/07

Deregistration

Final

9 Years

2 Months

0

No

STRAWTECH MARKETING (PTY) LTD

2004024829/07

Voluntary

Liquidation

 

7 Years

7 Months

0

Yes

VERIMARK (PTY) LTD

1989/006800/07

In Business

22 Years

5 Months

0

No

VERIMARK HOLDINGS LTD

M1998/006957/06

In Business

14 Years

0

No

EXCELL TRADE (PTY) LTD

M2001/018199/07

In Business

10 Years

8 Months

0

No

LINDEN SQUARE SHOPPING CENTER (PTY) LTD

M2002/027189/07

In Business

9 Years

8 Months

0

No

MIRROR BALL INVESTMENTS 49 (PTY) LTD

M2005/017551/07

In Business

6 Years

11 Months

0

No

SELCOVEST 35 (PTY) LTD

M2005/018106/07

In Business

6 Years

11 Months

0

No

 

Deeds Information

 

Property Interestsfor: DANEL REICHENBERG

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 6: DIONNE HIRSCHOWITZ

Surname

HIRSCHOWITZ

First Name

DIONNE

Other Names

None

Marital Status

Unknown

ID Number

6705270019084

Verified ID Number

Yes

Current Age

45

Designation

Director

Status

Active

Appointment Date

2007-07-27

Physical Address (at time of Appointment)

42 Killarney Road

HYDE PARK

2196

Postal Address

PO Box 3178

HOUGHTON

2041

Current Tel Number

011 8791000

Cell number

Unknown

Current Fax Number

011 6160189

Current Email Address

Unknown

Shareholding

(if the principal owns shares)

 

Adverse Information for: DIONNE HIRSCHOWITZ

 

Judgement

Number of Judgements

None

 

Debt Review

Debt review

None

 

Other

Default data

None

 

Business Information for: DIONNE HIRSCHOWITZ

 

Current Business Interests

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

STUTTAFORD STORES (PTY) LTD

M1998/002696/07

In Business

14 Years

2 Months

0

No

SHOTPUT INVESTMENTS (PTY) LTD

M1999/008260/07

In Business

13 Years

0

No

LORINGWOOD INVESTMENTS (PTY)N LTD

M2005/029807/07

In Business

6 Years

8 Months

0

No

 

Previous Business Interests

Average Age of Previous Business Interests

4 Years

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

ROADSPAN HOLDINGS (PTY) LTD

M2005/029807/07

In Business

4 Years

1 Months

0

No

 

Deeds Information

 

Property Interestsfor: DIONNE HIRSCHOWITZ

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 6: ALLAN RUBENSTEIN

Surname

RUBENSTEIN

First Name

ALLAN

Other Names

None

Marital Status

Unknown

ID Number

6203075173082

Verified ID Number

Yes

Current Age

50

Designation

Director

Status

Active

Appointment Date

2006-06-20

Physical Address (at time of Appointment)

16 4th Street

HOUGHTON ESTATE

2198

Postal Address

PO Box 2597

PARKLANDS

2121

Current Tel Number

021 4225254

Cell number

082 6100263

Current Fax Number

011 6160189

Current Email Address

Unknown

Shareholding

(if the principal owns shares)

 

Adverse Information for: ALLAN RUBENSTEIN

 

Judgement

Number of Judgements

None

 

Debt Review

Debt review

None

 

Other

Default data

None

 

Business Information for: ALLAN RUBENSTEIN

 

Current Business Interests

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

FASHION AFRICA LTD

1944/017149/06

Deregistration

Final

68 Years

1 Months

0

No

WM SPILHAUS (PTY) LTD

1973/012064/07

In Business

38 Years

6 Months

0

No

OLDSPORT (PTY) LTD

1996/016544/07

In Business

15 Years

5 Months

0

No

VESTARCOR HOLDINGS (PTY) LTD

1997/022546/07

In Business

14 Years

1 Months

0

No

GO RETAIL INVESTMESTMENTS (PTY) LTD

1998/004438/07

In Business

14 Years

1 Months

0

No

 

 

Previous Business Interests

Average Age of Previous Business Interests

None

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

MATHIESON AND ASHLEY HOLDINGS LTD

1922/000093/06

Dissolved

89 Years

7 Months

0

No

SEDOW HOLDINGS (PTY) LTD

1970/006930/07

Dissolved

41 Years

11 Months

0

No

MICOR LTD

1987/001331/06

Deregistration

Final

25 Years

1 Months

0

 

 

Deeds Information

Property Interestsfor: ALLAN RUBENSTEIN

Title Deed No.

T40688/2010

Erf/Site No.

 

Deeds Office

CAPE TOWN

Physical Address

16 CLIFTON CAMPS BAY

CAPE TOWN

Property Type

Freehold / Ervin

Extent / Size

864.0SQM

Purchase Date

2010-03-08

Purchase price

R 12 600 000.00

% Ownership

0.0000

Bond Holder

FIRSTRAND BANK LTD

Bond Number

B228332010

Bond Amount

R 10 000 000.00

 

Principal 6 of 6: GERALD RUBENSTEIN

Surname

RUBENSTEIN

First Name

GERALD

Other Names

None

Marital Status

Unknown

ID Number

3308255071080

Verified ID Number

Yes

Current Age

79

Designation

Director

Status

Active

Appointment Date

2006-06-20

Physical Address (at time of Appointment)

11 Rockridge Road

PARKTOWN

2193

Postal Address

PO Box 2597

PARKLANDS

2121

 

Current Tel Number

011 5027802

Cell number

082 5511019

Current Fax Number

011 6160189

Current Email Address

Unknown

Shareholding

(if the principal owns shares)

 

Adverse Information for: GERALD RUBENSTEIN

 

Judgement

Number of Judgements

None

 

Debt Review

Debt review

None

 

Other

Default data

None

 

Business Information for: GERALD RUBENSTEIN

 

Current Business Interests

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

PERSONWILL ESTATE (PTY) LTD

1942/015663/07

Deregistration

Process

69 Years

4 Months

0

No

FASHION AFRICA LTD

1944/017149/06

Deregistration

Process

68 Years

1 Months

0

No

ALANETA (PTY) LTD

1968/009905/07

Deregistration

Process

43 Years

8 Months

0

No

ALOE FJORD (PORTION SEVEN) (PTY) LTD

1981/010282/07

In Business

30 Years

6 Months

0

No

TISHARE CC

1989/007220/23

In Business

23 Years

2 Months

0

No

OLDSPORT (PTY) LTD

1996/016544/07

In Business

15 Years

5 Months

0

No

 

Previous Business Interests

Average Age of Previous Business Interests

None

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

HAMBA MAATSKAPPY (PTY) LTD

1907/001470/07

Deregistration

Final

50 Years

6 Months

0

No

MALIO CC

1986/002794/23

Deregistration

Final

26 Years

2 Months

0

No

ALCO INVESTMENT (PTY) LTD

1991/001515/07

Deregistration

Final

21 Years

1 Months

0

No

EQUATE INVESTMENTS (PTY) LTD

1992/002137/07

Deregistration

Final

20 Years

0

No

FITTING INVESTMENTS (PTY) LTD

1992/003094/07

Deregistration

Final

19 Years

10 Months

0

No

 

Deeds Information

 

Property Interestsfor: GERALD RUBENSTEIN

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.51.42

UK Pound

1

Rs.81.93

Euro

1

Rs.67.67

 

 

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%)

 

 

 

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

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.