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Report Date : |
18.06.2012 |
IDENTIFICATION DETAILS
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Name : |
THE FABRIC LIBRARY (PTY)LTD |
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Registered Office : |
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Country : |
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Date of Incorporation : |
13.02.2001 |
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Com. Reg. No.: |
M2001/003094/07 |
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Legal Form : |
Private Company |
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Line of Business : |
Retail trade
in textiles, clothing, footwear and leather goods |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRAs 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, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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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 |
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Subject Name |
THE
FABRIC LIBRARY (PTY)LTD |
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Country |
SOUTH
AFRICA |
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Requested Credit Limit |
US$ 1,50,00,000.00 |
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Enquiry Terms |
D/A |
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Account Review |
Every
6 Months |
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Subject Contact person |
HUGH GLYNN-BAKER-FINANCIAL MANAGER (011 266 3733) |
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Assessment |
On
investigation we made contact with the subject and
we were referred to the Financial Manager HUGH GLYNN-BAKER. He
declined to assist with any information
regarding the subject . Please
see available information on the subject below |
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Registered Name |
THE FABRIC LIBRARY (PTY)LTD |
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Trading as/ Division Name |
THE FABRIC LIBRARY |
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Previous Name |
None |
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Date of Name Change |
None |
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Registration Number |
M2001/003094/07 |
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Registration Date |
2001/02/13 |
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Date Commenced Trading |
2001/02/13 |
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Age of Business |
11 Years 4 Months |
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History of Business |
The Fabric Library is a leading converter and distributor of furnishing textiles in South Africa. The company has been established for many years and enjoys a good reputation with suppliers and customers, as well as with the consumer. |
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History of Principals |
3 Active Principals |
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Shareholders and % holding |
100%-HOME FABRICS (PTY)LTD |
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Authorised Share Capital |
1000 |
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Issued Share Capital |
100 |
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Status |
In Business |
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Operations Assessment |
Retail of Fabrics such as Curtains and bedding. |
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Industry/ Customers |
The Fabric Library offers a specialised design service to the corporate and hospitality industries |
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Export |
None |
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Major Industry Code / SICC |
6232 |
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Definition of Code |
Retail
trade in textiles, clothing, footwear and leather goods |
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Head Office Physical Address |
61 Old Pretoria Road HALFWAY HOUSE MIDRAND 1685 |
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Head Office Postal Address |
PO Box 5207 HALFWAY HOUSE 1685 |
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Current Tel Number |
011 265 9000 |
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Cell number |
None |
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Current Fax Number |
011 315 5274 |
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Current Email Address |
hele@fabriclibrary.co.za |
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Web Site Address |
www.homefabricks.co.za |
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Company Registered Name |
RWFC FINANCIAL CONSULTANTS INC |
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Trading Name |
RWFC |
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Registration Number |
2001/000693/21 |
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Physical Address |
Garrun Building |
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Postal Address |
PO Box 1364 |
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Contact Person |
COLLIN |
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Contact Number |
011 483 3333 /4/5 |
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Email |
Collin@rwfc.co.za |
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Principals |
2 |
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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 |
951420 |
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VAT Number |
4060194109 |
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Tax Number |
9389114142 |
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BEE Status |
None |
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Financial Year End |
February |
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Years With Auditors |
1 |
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Website |
www.rwfc.co.za |
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Company Name |
Phone Number |
Time with previous auditors |
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GRENWOODS |
Unavailable |
Unavailable |
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Vat Number |
4800254098 |
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Status |
ACTIVE |
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Vat Liable Date |
2009/09/01 |
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Tax Number |
9762054147 |
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Tax Clearance Expire Date |
Unavailable |
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Financial Year End |
December |
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Status |
Unavailable |
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Type of ISO Grade |
Unavailable |
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Registered |
Unavailable |
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Compliance Certified |
Unavailable |
Subsidiaries
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Subsidiary Company |
Unavailable |
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Shareholding |
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Registration Number |
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Import / Export |
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Number of
Employees |
Unavailable |
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1. Salaried
employees |
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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 |
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Company Fleet |
No of vehicles: |
Owned/ Leased |
Value |
Outstanding Balance |
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Fleet Operations |
Unavailable |
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The Fleet is made up of |
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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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Offices |
Unavailable |
Head Office Owned/ Rented |
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Branches Names |
Country |
Province |
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Unavailable |
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Branches Owned/ Rented |
Unavailable |
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Rental Company |
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Level |
Position |
Name |
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Unavailable |
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Note: One level up and
all levels down
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Holding |
Company |
Sub |
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Unavailable |
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Company |
Value |
Contact |
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Unavailable |
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Trade Reference nr |
Supplier |
Contact |
Surety Value |
Notarial Bonds |
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1 |
Unavailable |
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2 |
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3 |
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Trade References Detail
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Nr |
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
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1 |
Unavailable |
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2 |
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3 |
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Judgements
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Judgements |
None |
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Possible
Judgements |
None |
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Civil Court |
None |
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RDs |
None |
Business Rescue
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Date registered |
Business rescue practitioner |
Contact Information |
Details |
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None |
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Default Listings
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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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Bank |
Unavailable |
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Branch |
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Bank Codes History
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Date requested |
Bank Code |
Enquiry Amount |
Number of RDs |
RD amount |
RD Date |
Bank Comments |
Years with bank |
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Unavailable |
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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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Unavailable |
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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:
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Turnover and assets less than R 1,000,000.00 |
The subject falls within the National Credit Act |
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Turnover and assets less than R 2,000,000.00 |
The subject falls within the Consumer Protection Act |
Principals
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Number of Principals |
3 |
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Average Age of Active Principals |
52 |
Active Principals
Principal 1 of 3: HAIDEE KRAMER
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Surname |
KRAMER |
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First Name |
HAIDEE |
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Other Names |
None |
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Marital Status |
Unavailable |
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ID Number |
6408170044084 |
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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 |
2011/12/01 |
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Physical Address (at time of Appointment) |
11 Rienfontein Road RIVONIA 2128 |
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Postal Address |
PO Box 2922 Rivonia 2128 |
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Current Tel Number |
0112663700 |
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Cell number |
0832513972 |
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Current Fax Number |
Unavailable |
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Current Email Address |
Unavailable |
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Shareholding |
Unavailable |
Adverse
Information for :HAIDEE KRAMER
Judgement
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Number of Judgements |
None |
Debt
Review
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Debt review |
None |
Other
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Default data |
None |
Business
Information for:HAIDEE KRAMER
Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
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ROMELC PROPERTY CC |
1993/030678/23 |
In Business |
18 Years 6 Months |
0 |
No |
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HOME FABRICS (PTY)LTD |
2001/003197/07 |
In Business |
11 Years 4
Months |
0 |
No |
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SUMMER SYMPHONY PROPERTIES 65 CC |
2002/010267/23 |
In Business |
10 Years 4
Months |
0 |
No |
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THE FABRIC LIBRARY (PTY)LTD |
M2001/003094/07 |
In Business |
11 Years 4
Months |
0 |
No |
Previous
Business Interests
|
Average Age of
Previous Business Interests |
8 Years 4 Months |
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Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
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ROBFAIR INVESTMENTS NO 200 CC |
2004/013896/23 |
Deregistration Final |
8 Years 4 Months |
0 |
No |
Property
Interestsfor :HAIDEE KRAMER
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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 3: TREVOR SHEVIL
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Surname |
SHEVIL |
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First Name |
TREVOR |
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Other Names |
None |
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Marital Status |
Unavailable |
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ID Number |
6808065140089 |
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Verified ID Number |
Yes |
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Current Age |
44 |
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Designation |
Businessman |
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Status |
Active |
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Appointment Date |
2 |
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Physical Address (at time of Appointment) |
13 Summit Lodge 427 Summit Road MORNINGSIDE 2196 |
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Postal Address |
Postnet Suite 472 BENMORE 2010 |
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Current Tel Number |
0112663813 |
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Cell number |
0825543336 |
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Current Fax Number |
Unavailable |
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Current Email Address |
Unavailable |
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Shareholding |
Unavailable |
Adverse
Information for :TREVOR SHEVIL
Judgement
|
Number of
Judgements |
None |
Debt
Review
|
Debt review |
None |
Other
|
Default data |
None |
Business
Information for :TREVOR SHEVIL
Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
THE FABRIC LIBRARY (PTY)LTD |
M2001/003094/07 |
In Business |
11 Years 4 |
0 |
No |
Previous
Business Interests
|
Average Age of
Previous Business Interests |
17 Years |
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
GLOMAIL (PTY)LTD |
M1986/002437/07 |
In Business |
26 Years |
0 |
No |
|
RENNIES DISTRIBUTION SERVICES (PTY)LTD |
M2003/001812/07 |
In Business |
9 Years 5 Months |
2 |
No |
Property
Interestsfor :TREVOR SHEVIL
|
Title Deed No. |
ST108079/2008 |
Erf/Site No. |
1078 |
|
Deeds Office |
PRETORIA |
Physical Address |
ERF1078 SUMMIT MORNINGSIDE SANDTON |
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Property Type |
Sectional Title / Unit |
Extent / Size |
301.0SQM |
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Purchase Date |
2008-10-14 |
Purchase price |
R 1 690 000 |
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% Ownership |
|
Bond Holder |
FIRSTRAND BANK LTD |
|
Bond Number |
SB1060092008 |
Bond Amount |
R 1 600 000 |
|
Title Deed No. |
ST108079/2008 |
Erf/Site No. |
1078 |
|
Deeds Office |
PRETORIA |
Physical Address |
ERF1078 SUMMIT MORNINGSIDE SANDTON |
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Property Type |
Sectional Title / Unit |
Extent / Size |
17.0SQM |
|
Purchase Date |
2008-10-14 |
Purchase price |
R 1 690 000 |
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% Ownership |
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Bond Holder |
FIRSTRAND BANK LTD |
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Bond Number |
SB1060092008 |
Bond Amount |
R 1 600 000 |
Principal
3 of 3: JULIAN GELB
|
Surname |
GELB |
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First Name |
JULIAN |
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Other Names |
None |
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Marital Status |
Unavailable |
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ID Number |
4701055098007 |
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Verified ID Number |
Yes |
|
Current Age |
65 |
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Designation |
Director |
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Status |
Active |
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Appointment Date |
2011/12/01 |
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Physical Address (at time of Appointment) |
63 Waterbuck Crescent River Club Estate Coleraine Road 2149 |
|
Postal Address |
PO Box 5207 HALFWAY HOUSE 1685 |
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Current Tel Number |
0112663750 |
|
Cell number |
0825796814 |
|
Current Fax Number |
Unavailable |
|
Current Email Address |
Unavailable |
|
Shareholding |
Unavailable |
Adverse
Information for :JULIAN GELB
Judgement
|
Number of
Judgements |
None |
Debt
Review
|
Debt review |
None |
Other
|
Default data |
None |
Business
Information for :JULIAN GELB
Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
ROMELC PROPERTY CC |
1993/030678/23 |
In Business |
18 Years 6 Months |
0 |
No |
|
HOME FABRICS (PTY)LTD |
2001/003197/07 |
In Business |
11 Years 4 Months |
0 |
No |
|
SUMMER SYMPHONY PROPERTIES 65 CC |
2002/010267/23 |
In Business |
10 Years 4 Months |
0 |
No |
|
DEWBERRY TRADING 42 (PTY)LTD |
2005/020779/07 |
In Business |
7 Years |
0 |
No |
|
THE FABRIC LIBRARY (PTY)LTD |
M2001/003094/07 |
In Business |
11 Years 4 Months |
0 |
No |
Previous
Business Interests
|
Average Age of
Previous Business Interests |
57 Years |
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
W AND A TEXTILES (PTY)LTD |
1905/009145/07 |
Deregistration Final |
75 Years 5 Months |
0 |
No |
Property
Interestsfor :JULIAN GELB
|
Title Deed No. |
None |
Erf/Site No. |
|
|
Bond Number |
|
Bond Amount |
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.76 |
|
|
1 |
Rs.86.69 |
|
Euro |
1 |
Rs.70.44 |
INFORMATION DETAILS
|
Report Prepared
by : |
PRL |
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.