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Report Date : |
29.02.2012 |
IDENTIFICATION DETAILS
|
Name : |
RHUBARB INTERNATIONAL IMPORTS CC |
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Registered Office : |
Unit G3 Old Castle Brewery Beach Road Woodstock |
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Country : |
South Africa |
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Date of Incorporation : |
09.09.2002 |
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Com. Reg. No.: |
2002/074194/23 |
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Legal Form : |
Close Corporation |
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Line of Business : |
Import and distribution of leather goods
such as belts, bags, shoes Any leather product |
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No. of Employees : |
13 |
RATING & COMMENTS
|
MIRAs Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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 September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
South Africa |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
|
Subject Name |
RHUBARB
INTERNATIONAL IMPORT CC |
|
Country |
SOUTH
AFRICA |
|
Requested Credit Limit |
$
1 500 000 |
|
Enquiry Terms |
TP
D/A |
|
Account Review |
|
|
Subject Contact person |
Mr.
B G BULTEMEIER |
|
Assessment |
On
investigation we made contact with Mr. BERNARD BULTEMEIER who confirmed the
subjects information. This
appears to be a well paying company as they are meeting payments within
terms. We
have found that the subject has had a credit exposure of up to R500 000
over a 60 day period We
were unable to obtain the subjects financial information as well as the
banking information
as the owner believed this information to be private. Your
figure is considered as too high. |
|
Registered Name |
RHUBARB INTERNATIONAL IMPORTS CC |
|
Trading as/ Division Name |
INTERNATIONAL COLOURS |
|
Previous Name |
None |
|
Date of Name Change |
None |
|
Registration Number |
2002/074194/23 |
|
Registration Date |
2002-09-09 |
|
Date Commenced Trading |
2002-09-09 |
|
Age of Business |
9 Years 5 Months |
|
History of Business |
Unavailable |
|
History of Principals |
Unavailable |
|
Shareholders and % holding |
100 % BERNARD BULTEMEIER |
|
Authorised Share Capital |
Unavailable |
|
Issued Share Capital |
Unavailable |
|
Status |
In Business |
|
Operations Assessment |
Import and distribution of leather goods
such as belts, bags, shoes Any leather product |
|
Industry/ Customers |
Unavailable |
|
Export |
Unavailable |
|
Major Industry Code / SICC |
6232 |
|
Definition of Code |
Retail trade in textiles, clothing,
footwear and leather goods |
|
Head Office Physical Address |
Unit G3 Old Castle Brewery Beach Road WOODSTOCK |
|
Head Office Postal Address |
PO Box 51675 WATERFRONT 8060 |
|
Current Tel Number |
021 4476830 |
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Cell number |
082 8912804 |
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Current Fax Number |
021 4478036 |
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Current Email Address |
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|
Web Site Address |
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Company Registered Name |
MICHEAL RALPH AND TIMOTHY STANTON PARTNERSHIP |
|
Trading Name |
RALPH STANTON |
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Registration Number |
Unavailable |
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Physical Address |
86 Bree Street CAPE TOWN 8001 |
|
Postal Address |
PO Box 1195 SEA POINT 8060 |
|
Contact Person |
TIMOTHY STANTON |
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Contact Number |
021 4261550 |
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Email |
|
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Partnership |
MICHEAL RALPH AND TIMOTHY STANTON |
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Judgements Against Subject |
None |
|
Judgements Against Principals |
Unavailable |
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Subject Verified as Client |
Yes |
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SAICA number |
Unavailable |
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VAT Number |
4800176630 |
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Tax Number |
Unavailable |
|
BEE Status |
Unavailable |
|
Financial Year End |
February |
|
Years With Auditors |
10 Years |
|
Website |
|
Company Name |
Phone Number |
Time with previous auditors |
|
MICHEAL RALPH |
Unavailable |
Unknown |
|
Vat Number |
4110202860 |
|
Status |
Active |
|
Vat Liable Date |
2002-12-01 |
|
Tax Number |
9131831142 |
|
Tax Clearance Expire Date |
Unavailable |
|
Financial Year End |
February |
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Status |
None |
|
Type of ISO Grade |
Unavailable |
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Registered |
None |
|
Compliance Certified |
None |
Subsidiaries
|
Subsidiary Company |
None |
|
Shareholding |
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|
Registration Number |
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Import / Export |
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Number of
Employees |
13 |
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1. Salaried
employees |
11 |
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2. Waged
employees |
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3. Permanent
employees |
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4. Casual
employees |
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5. Contracted
employees |
2 |
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 |
3 |
1 Owned 2 Leased |
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2. Light
Delivery Vehicles |
2 |
Leased |
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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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Offices |
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Head Office Owned/ Rented |
Rented |
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Rental Company |
New Heights |
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Owned by |
None |
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Value |
|
|
Bond |
|
|
Bank |
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Lease Agreement |
Yes |
|
Lease Expire Date |
November 2014 |
|
Type of Premises |
Complex It is an old brewery |
|
Branches Names |
Country |
Province |
|
RHUBARB
INTERNATIONAL IMPORTS CC |
South Africa |
Gauteng |
|
RHUBARB INTERNATIONAL
IMPORTS CC |
South Africa |
Western Cape |
|
RHUBARB
INTERNATIONAL IMPORTS CC |
South Africa |
Kwa-zulu Natal |
|
INTERNATIONAL
COLOURS IMPORT AND EXPORT |
England |
London |
Branches Owned/ Rented |
Unavailable |
|
Level |
Position |
Name |
|
1 |
Owner |
BERNARD BULTEMEIER |
Note: One level up and
all levels down
|
Holding |
Company |
Sub |
|
100 % BERNARD
BULTEMEIER |
RHUBARB
INTERNATIONAL IMPORTS CC |
None |
|
Company |
Value |
Contact |
|
Declined |
|
Owner deemed this information to be private |
|
Trade Reference nr |
Supplier |
Contact |
|
1 |
SEA CASTLE
FREIGHT |
ANDREW 021 4478024 |
|
2 |
SOUTH WORK AND
DENMON |
PIETER 021 4473647 |
Trade
References Detail
|
Nr |
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
|
1 |
5 Years |
R 1 500 000 |
R 1 500 000 |
60 Days |
R 500 000 |
60 Days |
Good |
|
2 |
1 Year |
Cash Account |
Unavailable |
COD |
R 60 000 + |
COD |
Very Goo |
Adverse Information on Subject
Judgements
|
Judgements |
None |
|
Possible
Judgements |
None |
|
Civil Court |
None |
|
RDs |
None |
Judgements
|
Case Number |
No information on record |
Business
Rescue
|
Date registered |
Business rescue practitioner |
Contact Information |
Details |
|
None |
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|
|
Default
Listings
|
Date |
Details |
|
None |
|
Notarial
Bonds
|
Date |
Details |
|
None |
|
|
Bank |
STANDARD BANK |
|
Branch |
Declined |
|
Bank Code |
None obtained, banking information declined |
Bank
Codes History
|
Date requested |
Bank Code |
Enquiry Amount |
Number of RDs |
RD amount |
RD Date |
Bank Comments |
Years with bank |
|
None |
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Previous
Bank Accounts
|
Banker |
Branch Code |
Account Holder |
Account number |
Date opened |
Years with bank |
|
None |
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Property Interests for Company
|
Title Deed No. |
None |
Erf/Site No. |
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|
Deeds Office |
|
Physical Address |
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|
Property Type |
|
Extent / Size |
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|
Purchase Date |
|
Purchase price |
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|
% Ownership |
|
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
|
Financial
Estimates
|
CURRENT ASSETS |
Declined |
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 |
1 |
|
Average Age of Active Principals |
47 |
Active
Principals
Principal 1 of 1: BERNARD BULTEMEIER
|
Surname |
BULTEMEIER |
|
First Name |
BERNARD |
|
Other Names |
Unavailable |
|
Marital Status |
Married |
|
ID Number |
6505305072086 |
|
Verified ID Number |
Yes |
|
Current Age |
47 |
|
Designation |
Owner |
|
Status |
Active |
|
Appointment Date |
2002-10-29 |
|
Physical Address (at time of Appointment) |
6 Cyphia Close Kronenzicht HOUT BAY 7806 |
|
Postal Address |
PO Box 51675 WATERFRONT 8060 |
|
Current Tel Number |
011 9027091 |
|
Cell number |
082 9036138 |
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Current Fax Number |
021 4488036 |
|
Current Email Address |
|
|
Shareholding |
100.0000 |
Adverse
Information for: BERNARD BULTEMEIER
Judgement
|
Number of
Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Business
Information for: BERNARD BULTEMEIER
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
INTIMATE CONTACT CC |
1989/014210/23 |
In Business |
22 Years 9 Months |
0 |
No |
|
RHUBARB INTERNATIONAL IMPORTS CC |
2002/074194/23 |
In Business |
9 Years 5 Months |
0 |
No |
|
SPICE WAY TRADE AND INVEST CC |
2010/054840/23 |
In Business |
1 Year 10 Months |
0 |
No |
|
ERF 8088 HOUT BAY CC |
B1997/035081/23 |
In Business |
14 Years 7
Months |
0 |
No |
Previous Business Interests
|
Average Age of
Previous Business Interests |
14 Years |
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
SAVANNAH IMPORT AND EXPORTS CC |
1989/015171/23 |
Deregistration
Final |
22 Years 9
Months |
0 |
No |
|
SAVANNAH LEATHER CC |
1992/032616/23 |
Dissolved |
19 Years 2
Months |
0 |
No |
|
BERNGRA CLOTHING CC |
1995/009306/23 |
Deregistration
Final |
16 Years 11 Months |
0 |
No |
|
C R A P INVESTMENTS CC |
1998/045455/23 |
Deregistration
Process |
13 Years 6
Months |
0 |
No |
|
CORE IMPORTS CC |
2001/017422/23 |
Deregistration
Final |
10 Years 11
Months |
0 |
No |
|
BLUE REEF DISTRIBUTION CC |
2002/060639/23 |
Deregistration
Final |
9 Years 6 Months |
0 |
No |
|
STALPH 231 CC |
2004/107378/23 |
In Business |
7 Years 4 Months |
0 |
No |
Property Interests for: BERNARD BULTEMEIER
|
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.49.14 |
|
|
1 |
Rs.77.86 |
|
Euro |
1 |
Rs.66.06 |
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 SCs 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.