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Report Date : |
09.06.2012 |
IDENTIFICATION DETAILS
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Name : |
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Registered Office : |
22 Bella Roasa Street, Durbanville, Cape Town |
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Country : |
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Date of Incorporation : |
30.10.1998 |
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Com. Reg. No.: |
1998/021611/07 |
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Legal Form : |
Private Company |
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Line of Business : |
Retail of Furniture and Home wear |
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No. of Employees : |
200 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
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Status : |
Satisfactory |
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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, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
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 |
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Subject Name |
WEYLANDTS
FURNITURE CAPE TOWN (PTY)LTD |
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Country |
SOUTH
AFRICA |
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Subject Contact person |
TANIA
SMIT-FINANCIAL MANAGER |
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Assessment |
On investigation we made contact with the subject and we were referred to the Financial Manager-TANIA SMIT. She assisted us with information however declined to assist with the financials on the company. The subject appears to be a well-established business. We have obtained a bank code Cfor R 4 000 000 on the subject. Please see available information on the subject below. |
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Registered Name |
WEYLANDTS FURNITURE CAPE TOWN (PTY)LTD |
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Trading as/ Division Name |
WEYLANDTS FURNITURE CAPE TOWN |
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Previous Name |
None |
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Date of Name Change |
None |
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Registration Number |
1998/021611/07 |
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Registration Date |
1998/10/30 |
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Date Commenced Trading |
1998/10/30 |
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Age of Business |
13 Years 8 Months |
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History of Business |
Started as a new business in 1998 |
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History of Principals |
1 |
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Shareholders and % holding |
100% CHRISTOPH WEYLANDT |
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Authorised Share Capital |
4000 |
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Issued Share Capital |
100 |
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Status |
In Business |
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Operations Assessment |
Retail of Furniture and Home wear |
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Industry/ Customers |
Walk in clients and corporate Businesses |
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Export |
Yes |
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Major Industry Code / SICC |
62330 |
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Definition of Code |
Retail
trade in household furniture, appliances, articles and equipment |
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Head Office Physical Address |
22 Bella Roasa Street Durbanville CAPE TOWN |
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Head Office Postal Address |
PO Box 725 SANLAMHOF 7532 |
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Current Tel Number |
021 951 1426 |
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Cell number |
None |
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Current Fax Number |
021 951 1195 |
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Current Email Address |
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Web Site Address |
Auditors
Information
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Company Registered Name |
GRANT THORNTON CAPE INC |
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Trading Name |
GRANT THORNTON |
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Registration Number |
1967/003099/07 |
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Physical Address |
6TH Floor 119 Hertzog Boulevard Foreshore CAPE TOWN |
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Postal Address |
PO Box 1550 CAPE TOWN 8000 |
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Contact Person |
MELANI ODENDAAL |
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Contact Number |
021 417 8800 |
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Email |
|
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Principals |
4 |
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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 |
925438E |
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VAT Number |
4180165948 |
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Tax Number |
9630147032 |
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BEE Status |
Level 3 |
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Financial Year End |
December |
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Years With Auditors |
7 Years |
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Website |
Previous Auditors
|
Company Name |
Phone Number |
Time with previous auditors |
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A MOOSA AND
COMPANY |
Unavailable |
Unavailable |
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Vat Number |
4370178008 |
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Status |
Active |
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Vat Liable Date |
1999/01/01 |
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Tax Number |
9358013028 |
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Tax Clearance Expire Date |
28 February 2013 |
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Financial Year End |
February |
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Status |
None |
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Score |
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|
Expire Date |
|
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BEE Certificate Available |
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Type of ISO Grade |
None |
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ISO Certificate |
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ISO Certificate Available |
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Certified by an Accredited Agent |
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Registered |
Yes |
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Compliance Certified |
Yes |
Subsidiaries
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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 |
200 |
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1. Salaried
employees |
200 |
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2. Waged
employees |
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3. Permanent
employees |
200 |
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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 |
5 |
Owned |
Unavailable |
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2. Light
Delivery Vehicles |
9 |
Owned |
Unavailable |
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Offices |
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Head Office Owned/ Rented |
Rented |
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Rental Company |
C WEYLANDT FAMILY TRUST |
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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 |
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Lease Expire Date |
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Type of Premises |
Offices and Ware houses |
Branches Names |
Country |
Province |
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WEYLANDTS FURNITURE CAPE TOWN |
SOUTH AFRICA |
WESTERN CAPE |
Branches Names |
Country |
Province |
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WEYLANDTS FURNITURE CAPE TOWN |
SOUTH AFRICA |
EASTERN CAPE |
Branches Names |
Country |
Province |
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WEYLANDTS FURNITURE CAPE TOWN |
SOUTH AFRICA |
GAUTENG |
Branches Names |
Country |
Province |
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WEYLANDTS FURNITURE CAPE TOWN |
SOUTH AFRICA |
KWAZULU NATAL |
Branches Owned/ Rented |
RENTED |
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Rental Company |
All different rental companies |
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Owned |
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Value |
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Bank |
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Bond |
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Lease Agreement |
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Lease Expire Date |
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Type of Premises |
Retail Stores,warehouses |
Organisation chart
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Level |
Position |
Name |
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1 |
Director |
CHRISTOPH WEYLANDT |
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Company Structure
(Ownership)
Note: One level up and
all levels down
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Holding |
Company |
Sub |
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Unavailable |
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Key deals signed within the past 12
months.
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Company |
Value |
Contact |
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RICKWAKERS INTERNATIONAL |
Unavailable |
Unavailable |
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HELLO ASIA |
Unavailable |
Unavailable |
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Trade Reference nr |
Supplier |
Contact |
Surety Value |
Notarial Bonds |
|
1 |
JUST SOFERS |
021 951 3290 |
None |
None |
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2 |
FIRM CORE |
021 385 0533 |
None |
None |
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3 |
REST ASSURED |
021 850 7777 |
None |
None |
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4 |
H AND M REMOVAL |
021 380 4000 |
None |
None |
Trade References Detail
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Nr |
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
|
1 |
12 Years |
Open |
R 4 000 000 |
30 Days |
R 3 000 000 |
30 Days |
Excellent |
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2 |
3 Years |
Open |
R 1.700 000 |
7 Days |
R 800 000 –
R 1.500 000 |
7 Days |
Excellent |
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3 |
5 Years |
R 185 000 |
Unavailable |
30 Days |
R 100 000 |
30 Days |
Excellent |
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4 |
7 Months |
R 500 000 |
R 560 000 |
30 Days |
R 500 000 |
30 Days |
Excellent |
Judgements
|
Judgements |
None |
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Possible
Judgements |
None |
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Civil Court |
None |
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RDs |
None |
Business Rescue
|
Date registered |
Business rescue practitioner |
Contact Information |
Details |
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None |
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Default Listings
|
Date |
Details |
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None |
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Notarial Bonds
|
Date |
Details |
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None |
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Bank |
NEDBANK |
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Branch |
SOUTHERN PENINSULA |
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Bank Account Number |
1036330389 |
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Type of Account |
CURRENT |
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Account Name |
WEYLANDS FURNITURE CAPE TOWN (PTY)LTD |
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Overdraft Facilities |
Yes |
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Date Opened |
Unavailable |
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Bank Code |
C for R4 000 000 |
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Bank Comment |
The subject’s bankers consider them good for all business normal engagements |
Bank Codes History
|
Date requested |
Bank Code |
Enquiry Amount |
Number of RD’s |
RD amount |
RD Date |
Bank Comments |
Years with bank |
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None |
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Previous Bank Accounts
|
Banker |
Branch Code |
Account Holder |
Account number |
Date opened |
Years with bank |
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None |
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Property Interestsfor Company
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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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Financial Estimates
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CURRENT ASSETS |
Unavailable |
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Stock |
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Debtors |
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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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Previous Year Turnover |
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Estimated Current Year Turnover |
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Current Turnover per month |
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Current Turnover per annum |
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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 |
48 |
Active Principals
Principal 1 of 1: CHRISTOPH WEYLANDT
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Surname |
WEYLANDT |
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First Name |
CHRISTOPH |
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Other Names |
None |
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Marital Status |
Married |
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ID Number |
6404075036003 |
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Verified ID Number |
Yes |
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Current Age |
48 |
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Designation |
Director |
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Status |
Active |
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Appointment Date |
1998/10/30 |
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Physical Address (at time of Appointment) |
169 Hilltop Road, Scarborouth 7975 |
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Postal Address |
PO Box 725 Sanlamhof 7532 |
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Current Tel Number |
Unavailable |
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Cell number |
Unavailable |
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Current Fax Number |
Unavailable |
|
Current Email Address |
Unavailable |
|
Shareholding |
100% |
Adverse
Information for :CHRISTOPH WEYLANDT
Judgement
|
Number of
Judgements |
None |
Debt
Review
|
Debt review |
None |
Other
|
Default data |
None |
Business
Information for:CHRISTOPH WEYLANDT
Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
WEYLANDT''S FURNITURE CREATIONS SA (PTY)LTD |
1969/008419/07 |
Conversion CO/CC or CC/CO |
43 Years 1 Months |
0 |
No |
|
WEYLANDT''S FURNITURE CAPE TOWN (PTY)LTD |
1998/021611/07 |
In Business |
13 Years 8 Months |
0 |
No |
|
WEYLANDT''S FURNITURE CREATIONS SA CC |
2009/040827/23 |
In Business |
3 Years 4 Months |
0 |
No |
|
WEYLANDT''S INVESTMENT HOLDINGS (PTY)LTD |
M1969/008581/07 |
In Business |
43 Years |
0 |
No |
Previous
Business Interests
|
Average Age of
Previous Business Interests |
22 Years |
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
TCW PROPERTY MANAGEMENT (PTY)LTD |
M1990/003523/07 |
In Business |
22 Years |
0 |
No |
Deeds
Information
Property
Interestsfor :CHRISTOPH WEYLANDT
|
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 |
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.36 |
|
UK Pound |
1 |
Rs.85.64 |
|
Euro |
1 |
Rs.69.21 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.