|
Report Date : |
29.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
THE FABRIC LIBRARY (PTY) LTD |
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Registered Office : |
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Country : |
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Date of Incorporation : |
13.12.2001 |
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Com. Reg. No.: |
M2001/003094/07 |
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|
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|
Legal Form : |
Private Company |
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|
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|
Line of Business : |
Retail of Fabrics such as Curtains and bedding. |
|
|
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|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
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 |
|
Subject Name |
THE FABRIC
LIBRARY (PTY) LTD |
|
Country |
SOUTH
AFRICA |
|
Enquiry Terms |
D/A |
|
Account Review |
Every
3 Months |
|
Subject Contact person |
HUGH GLYNN-BAKER – Financial
Manager - 011 2663733 |
|
Assessment |
On investigation
we made contact with the Financial Manager HUGH GLYNN-BAKER who declined to
assist with any information regarding the subject. MR.
KEVIN WRIGHT was previously a director; he left the company in August 2011. Please
see the available information for the subject below. |
|
Registered
Name |
THE FABRIC LIBRARY
(PTY)LTD |
|
Trading
as/ Division Name |
THE FABRIC LIBRARY |
|
Previous
Name |
None |
|
Date
of Name Change |
None |
|
Registration
Number |
M2001/003094/07 |
|
Registration
Date |
2001-02-13 |
|
Date
Commenced Trading |
2001-02-13 |
|
Age
of Business |
11 Years 4 Months |
|
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. |
|
History
of Principals |
3 Active Directors |
|
Shareholders
and % holding |
100% - HOME FABRICS (PTY)LTD |
|
Authorised
Share Capital |
1000 |
|
Issued
Share Capital |
100 |
|
Status |
In
Business |
|
Operations
Assessment |
Retail of Fabrics such as Curtains and bedding. |
|
Industry/
Customers |
The Fabric Library offers a specialised design service to the
corporate and hospitality industries |
|
Export |
None |
|
Major
Industry Code / SICC |
6232 |
|
Definition
of Code |
Retail trade in textiles, clothing,
footwear and leather goods |
|
Head
Office Physical Address |
61 Old Pretoria Road HALFWAY HOUSE MIDRAND 1685 |
|
Head
Office Postal Address |
PO Box 5207 HALFWAY HOUSE 1685 |
|
Current
Tel Number |
011 2659000 |
|
Cell
number |
None |
|
Current Fax Number |
011 3155274 |
|
Current
Email Address |
|
|
Web
Site Address |
|
Company
Registered Name |
RWFC FINANCIAL CONSULTANTS INC |
|
Trading
Name |
RWFC |
|
Registration
Number |
2001/000693/21 |
|
Physical
Address |
Garrun Building |
|
Postal
Address |
PO Box 1364 |
|
Contact
Person |
COLLIN |
|
Contact
Number |
011 483 3333 /4/5 |
|
Email |
|
|
Principals |
2 |
|
Judgements
Against Subject |
None |
|
Judgements
Against Principals |
None |
|
Subject
Verified as Client |
Yes |
|
SAICA
number |
951420 |
|
VAT
Number |
4060194109 |
|
Tax
Number |
9389114142 |
|
BEE
Status |
None |
|
Financial
Year End |
February |
|
Years
With Auditors |
1 |
|
Website |
|
Company Name |
Phone Number |
Time with previous auditors |
|
GRENWOODS |
Unavailable |
Unavailable |
|
Vat
Number |
4800254098 |
|
Status |
ACTIVE |
|
Vat
Liable Date |
2009/09/01 |
|
Tax
Number |
9762054147 |
|
Tax
Clearance Expire Date |
Unavailable |
|
Financial
Year End |
December |
|
Status |
Unavailable |
|
Score |
|
|
Expire
Date |
|
|
BEE
Certificate Available |
|
|
Type
of ISO Grade |
Unavailable |
|
ISO
Certificate |
|
|
ISO
Certificate Available |
|
|
Certified
by an Accredited Agent |
|
|
Registered |
Unavailable |
|
Compliance
Certified |
Unavailable |
Subsidiaries
|
Subsidiary Company |
Unavailable |
|
Shareholding |
|
|
Registration Number |
|
|
Import / Export |
|
|
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 |
|
Company Fleet |
No of vehicles: |
Owned/ Leased |
Value |
Outstanding Balance |
|
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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|
|
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6. Fork Lifts |
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7. Other |
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Offices |
Unavailable |
Head Office Owned/ Rented |
|
|
Rental Company |
|
|
Owned by |
|
|
Value |
|
|
Bond |
|
|
Bank |
|
|
Lease Agreement |
|
|
Lease Expire Date |
|
|
Type of Premises |
|
Branches Names |
Country |
Province |
|
HOME FABRICS (PRETORIA) |
SOUTH AFRICA |
GAUTENG |
|
HOME FABRICS (DURBAN) |
SOUTH AFRICA |
KWAZULU NATAL |
|
HOME FABRICS (KRAMERVILLE) |
SOUTH AFRICA |
GAUTENG |
|
HOME FABRICS (CAPE TOWN) |
SOUTH AFRICA |
WESTERN CAPE |
|
HOME FABRICS (PORT ELIZABETH) |
SOUTH AFRICA |
EASTERN CAPE |
|
HOME FABRICS (NAMIBIA) |
NAMIBIA |
WINDHOEK |
|
HOME FABRICS (ZIMBABWE) |
ZIMBABWE |
HARARE |
Branches Owned/ Rented |
Unavailable |
|
Rental Company |
|
|
Owned |
|
|
Value |
|
|
Bank |
|
|
Bond |
|
|
Lease Agreement |
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|
Lease Expire Date |
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|
Type of Premises |
|
|
Level |
Position |
Name |
|
1 |
Director |
HAIDEE
KRAMER TREVOR
SHEVIL JULIAN
GELB |
Note: One level up and all levels down
|
Holding |
Company |
Sub |
|
100% |
HOME FABRICS (PTY)LTD |
Unavailable |
|
Company |
Value |
Contact |
|
Unavailable |
|
|
|
|
|
|
|
Trade Reference nr |
Supplier |
Contact |
Surety Value |
Notarial Bonds |
|
1 |
Unavailable |
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|
|
Trade References Detail
|
Nr |
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
|
1 |
Unavailable |
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|
|
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|
Adverse Information on Subject
Judgements
|
Judgements |
None |
|
Possible Judgements |
None |
|
Civil Court Records |
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 |
Unavailable |
|
Branch |
|
|
Bank Account Number |
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|
Type of Account |
|
|
Account Name |
|
|
Overdraft Facilities |
|
|
Date Opened |
|
|
Bank Code |
|
|
Bank Comment |
|
Bank Codes History
|
Date requested |
Bank Code |
Enquiry Amount |
Number of RD’s |
RD amount |
RD Date |
Bank Comments |
Years with bank |
|
Unavailable |
|
|
|
|
|
|
|
Previous Bank Accounts
|
Banker |
Branch Code |
Account Holder |
Account number |
Date opened |
Years with bank |
|
Unavailable |
|
|
|
|
|
Property Interests for 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 Estimates
|
CURRENT ASSETS |
Unavailable |
|
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 |
3 |
|
Average Age of Active Principals |
52 |
Active Principals
Principal 1 of 3: HAIDEE KRAMER
|
Surname |
KRAMER |
|
First Name |
HAIDEE |
|
Other Names |
None |
|
Marital Status |
Unavailable |
|
ID Number |
6408170044084 |
|
Verified ID Number |
Yes |
|
Current Age |
48 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2011/12/01 |
|
Physical Address (at time of Appointment) |
11 Rienfontein Road RIVONIA 2128 |
|
Postal Address |
PO Box 2922 RIVONIA 2128 |
|
Current Tel Number |
011 2663700 |
|
Cell number |
083 2513972 |
|
Current Fax Number |
011 3155274 |
|
Current Email Address |
|
|
Shareholding |
Unavailable |
Adverse Information for: HAIDEE
KRAMER
Judgement
|
Number of Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Business Information for: HAIDEE
KRAMER
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 |
|
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 |
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
ROBFAIR
INVESTMENTS NO 200 CC |
2004/013896/23 |
Deregistration
Final |
8
Years 4 Months |
0 |
No |
Deeds Information
Property Interests for: HAIDEE
KRAMER
|
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 3: TREVOR SHEVIL
|
Surname |
SHEVIL |
|
First Name |
TREVOR |
|
Other Names |
None |
|
Marital Status |
Unavailable |
|
ID Number |
6808065140089 |
|
Verified ID Number |
Yes |
|
Current Age |
44 |
|
Designation |
Businessman |
|
Status |
Active |
|
Appointment Date |
2 |
|
Physical Address (at time of Appointment) |
13
Summit Lodge 427
Summit Road MORNINGSIDE 2196 |
|
Postal Address |
Postnet
Suite 472 BENMORE 2010 |
|
Current Tel Number |
011
2663813 |
|
Cell number |
082
5543336 |
|
Current Fax Number |
011 3155274 |
|
Current Email Address |
|
|
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 |
Deeds Information
Property Interests for: TREVOR
SHEVIL
|
Title Deed No. |
ST108079/2008 |
Erf/Site No. |
1078 |
|
Deeds Office |
PRETORIA |
Physical Address |
ERF1078
SUMMIT MORNINGSIDE SANDTON |
|
Property Type |
Sectional
Title / Unit |
Extent / Size |
301.0SQM |
|
Purchase Date |
2008-10-14 |
Purchase price |
R
1 690 000 |
|
% 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 |
|
Property Type |
Sectional
Title / Unit |
Extent / Size |
17.0SQM |
|
Purchase Date |
2008-10-14 |
Purchase price |
R
1 690 000 |
|
% Ownership |
|
Bond Holder |
FIRSTRAND
BANK LTD |
|
Bond Number |
SB1060092008 |
Bond Amount |
R
1 600 000 |
Principal 3 of 3: JULIAN GELB
|
Surname |
GELB |
|
First Name |
JULIAN |
|
Other Names |
None |
|
Marital Status |
Unavailable |
|
ID Number |
4701055098007 |
|
Verified ID Number |
Yes |
|
Current Age |
65 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2011/12/01 |
|
Physical Address (at time of Appointment) |
63
Waterbuck Crescent River
Club Estate COLERAINE
ROAD 2149 |
|
Postal Address |
PO
Box 5207 HALFWAY
HOUSE 1685 |
|
Current Tel Number |
011
2663750 |
|
Cell number |
082
5796814 |
|
Current Fax Number |
011 3155274 |
|
Current Email Address |
|
|
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 |
Deeds Information
Property Interests for: JULIAN
GELB
|
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.56.91 |
|
|
1 |
Rs.88.90 |
|
Euro |
1 |
Rs.56.91 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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.