MIRA INFORM REPORT
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Report Date : |
01.03.2012 |
IDENTIFICATION DETAILS
|
Name : |
OPAL SPORTWEAR (PTY) LTD |
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Registered Office : |
5 Old Mutual Mini Park, Outspan Road, City Deep, Johannesburg |
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Country : |
South Africa |
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Date of Incorporation : |
14.04.1966 |
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Com. Reg. No.: |
1966/002882/07 |
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Legal Form : |
Private Company |
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Line of Business : |
Selling Sport Clothes |
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No. of Employees
: |
23 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
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 : |
Unknown |
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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 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
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 |
OPAL SPORTWEAR (PTY) LTD |
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Country |
SOUTH AFRICA |
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Requested Credit Limit |
MAXIMUM |
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Enquiry Terms |
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Account Review |
EVERY 6 MONTHS |
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Subject Contact person |
ANNE WILLIE-011 6137473 |
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Assessment |
On Investigation contact was made with the Financial Manager who
confirmed some of the information as she was very busy. Anemail questionnaire was forwarded for the extra details, and we have
not as yet received a reply. Should the client be able to confirm the reason for this enquiry it may
help the situation, however at present we cannot recommend any credit
dealings. Please see the confirmed available information below. |
|
Registered Name |
OPAL SPORTSWEAR (PTY) LTD |
|
Trading as/ Division Name |
None |
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Previous Name |
None |
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Date of Name Change |
None |
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Registration Number |
1966-04-14 |
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Registration Date |
1966/002882/07 |
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Date Commenced Trading |
1966-04-14 |
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Age of Business |
45 Years 10 Months |
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History of Business |
Unavailable |
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History of Principals |
4 |
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Shareholders/Members/Partners of subject
and % holding |
Unavailable |
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Authorised Share Capital |
R 100 |
|
Issued Share Capital/Members Contribution |
R 100 |
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Status |
This Business is Active |
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Operations Assessment |
Selling sport clothes |
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Industry/ Customers |
00-Private households, representatives of
foreign governments and other activities not adequately defined. |
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Export |
Unavailable |
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Major Industry Code / SICC |
31401 |
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Definition of Code |
Manufacture of men’s and
boys’ clothing |
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Head Office Physical Address |
5 Old Mutual Mini Park Outspan Road CITY DEEP JOHANNESBURG |
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Head Office Postal Address |
Private Bag X60500 HOUGHTON 2041 |
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Current Tel Number |
011 6137473 |
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Cell number |
Unavailable |
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Current Fax Number |
011 6135241 |
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Current Email Address |
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Web Site Address |
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Company Registered Name |
BDO SOUTH AFRICAN INC |
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Trading Name |
None |
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Registration Number |
Unavailable |
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Physical Address |
13 Wellington Road PARKTOWN 2193 |
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Postal Address |
PRIVATE BAG X60500 HOUGHTON 2041 |
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Contact Person |
011 4881700 |
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Contact Number |
HARVEY MARAI |
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Email |
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Principals |
20 |
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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 |
905526E |
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VAT Number |
4910148685 |
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Tax Number |
Unavailable |
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BEE Status |
Yes |
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Financial Year End |
June |
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Years With Auditors |
20 Years |
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Website |
www.bdo.co.za |
Previous Auditors
|
Company Name |
Phone Number |
Time with previous auditors |
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None |
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Vat Number |
4410137311 |
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Status |
Active |
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Vat Liable Date |
1993-05-10 |
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Tax Number |
9188459847 |
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Tax Clearance Expire Date |
Unavailable |
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Financial Year End |
February |
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Status |
Unavailable |
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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 |
Unavailable |
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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 |
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 |
23 |
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1. Salaried
employees |
23 |
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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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1. Trucks |
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2. Fork
Lifts |
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3. Other |
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Offices |
Unavailable |
Head Office Owned/ Rented |
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Rental Company |
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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 |
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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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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 |
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Organisation chart
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Status |
Position |
Name |
|
Unavailable |
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Company Structure
(Ownership)
Note: One level up and
all levels down
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Holding |
Company |
Subsidiaries |
|
Unavailable |
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Key
deals signed within the past 12 months.
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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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4 |
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5 |
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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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4 |
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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
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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 Account Number |
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Type of Account |
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Account Name |
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Overdraft Facilities |
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Date Opened |
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Bank Code |
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Bank Comment |
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Bank Codes History
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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
|
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 |
4 |
Active Principals
Principal 1 of 4: NIGEL PROUT
|
Surname |
PROUT |
|
First Name |
NIGEL |
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Other Names |
None |
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Marital Status |
Unavailable |
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ID Number |
6108315173083 |
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Verified ID Number |
Yes |
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Current Age |
51 |
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Designation |
Director |
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Status |
Active |
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Appointment Date |
1993-07-05 |
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Physical Address (at time of Appointment) |
19 First Avenue Houghton JOHANNESBURG 2198 |
|
Postal Address |
19 First Avenue Houghton JOHANNESBURG 2198 |
|
Current Tel Number |
011 6137473 |
|
Cell number |
Unavailable |
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Current Fax Number |
011 6135241 |
|
Current Email Address |
Unavailable |
|
Shareholding |
(if the principal owns shares) |
Adverse Information for: NIGEL PROUT
Judgement
|
Number of Judgements |
None |
Debt
Review
|
Debt review |
None |
Other
|
Default data |
None |
Business Information for: NIGEL PROUT
Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
NIGEL PROUT AGENCIES CC |
1987/019545/23 |
In Business |
24 Years 6 Months |
0 |
No |
|
CRICKET DIRECT (PTY) LTD |
M2003/012484/07 |
In Business |
8 Years 8 Months |
0 |
No |
Previous
Business Interests
|
Average Age of
Previous Business Interests |
18 Years |
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
OPEL SPORTWEAR PROPERTY CC |
1993/005776/23 |
In Business |
18 Years 11 Months |
0 |
No |
Deeds Information
Property
Interestsfor: NIGEL PROUT
|
Title Deed No. |
T17508/1999 |
Erf/Site No. |
|
|
Deeds Office |
JOHANNESBURG |
Physical Address |
19 1st
HOUGHTON ESTATE JOHANNESBURG |
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Property Type |
Freehold / Ervin |
Extent / Size |
2145.0SQM |
|
Purchase Date |
1999-01-25 |
Purchase price |
R 760 000.00 |
|
% Ownership |
0.0000 |
Bond Holder |
NEDCOR BANK LTD |
|
Bond Number |
B83971999 |
Bond Amount |
R 650 000.00 |
Principal 2 of 4: HUBERT PROUT
|
Surname |
PROUT |
|
First Name |
HUBERT |
|
Other Names |
None |
|
Marital Status |
Unavailable |
|
ID Number |
2901225025003 |
|
Verified ID Number |
Yes |
|
Current Age |
83 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
1993-07-05 |
|
Physical Address (at time of Appointment) |
6 9th Avenue HOUGHTON 2198 |
|
Postal Address |
PO Box 86264 CITY DEEP 2049 |
|
Current Tel Number |
011 6137473 |
|
Cell number |
082 7895555 |
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Current Fax Number |
011 6135241 |
|
Current Email Address |
Unavailable |
|
Shareholding |
(if the principal owns shares) |
Adverse
Information for: HUBERT PROUT
Judgement
|
Number of
Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Business
Information for: HUBERT PROUT
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
None |
|
|
|
|
|
Previous Business Interests
|
Average Age of
Previous Business Interests |
None |
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
None |
|
|
|
|
|
Deeds Information
Property Interestsfor: HUBERT PROUT
|
Title Deed No. |
None |
Erf/Site No. |
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|
Deeds Office |
|
Physical Address |
|
|
Property Type |
|
Extent / Size |
|
|
Purchase Date |
|
Purchase price |
|
|
% Ownership |
|
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
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Principal 3 of 4: DOUGLAS GUY VILAS
|
Surname |
VILAS |
|
First Name |
DOUGLAS |
|
Other Names |
GUY |
|
Marital Status |
Unavailable |
|
ID Number |
5511025148003 |
|
Verified ID Number |
No |
|
Current Age |
57 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
1993-05-07 |
|
Physical Address (at time of Appointment) |
6 9th Avenue HOUGHTON 2198 |
|
Postal Address |
PO Box 86264 CITY DEEP 2064 |
|
Current Tel Number |
011 6137473 |
|
Cell number |
Unavailable |
|
Current Fax Number |
011 6135241 |
|
Current Email Address |
Unavailable |
|
Shareholding |
(if the principal owns shares) |
Adverse
Information for: DOUGLAS GUY VILAS
Judgement
|
Number of
Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Business
Information for: DOUGLAS GUY VILAS
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
NIGEL PROUT AGENCIES CC |
1987/019545/23 |
In Business |
24 Years 6 Months |
0 |
No |
|
OPAL SPORTWEAR PROPERTY CC |
1993/005776/23 |
In Business |
18 Years 11 Months |
0 |
No |
Previous Business Interests
|
Average Age of
Previous Business Interests |
None |
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
None |
|
|
|
|
|
Deeds Information
Property Interestsfor: DOUGLAS GUY VILAS
|
Title Deed No. |
None |
Erf/Site No. |
|
|
Deeds Office |
|
Physical Address |
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|
Property Type |
|
Extent / Size |
|
|
Purchase Date |
|
Purchase price |
|
|
% Ownership |
|
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
|
Principal 4 of 4: NATALIE-ANNE VILLAS
|
Surname |
VILLAS |
|
First Name |
NATALIE |
|
Other Names |
ANNE |
|
Marital Status |
Unavailable |
|
ID Number |
6004190084083 |
|
Verified ID Number |
Yes |
|
Current Age |
52 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
1978-01-09 |
|
Physical Address (at time of Appointment) |
6 Ninth Avenue HOUGHTON 2000 |
|
Postal Address |
PO Box 83205 HOUGHTON 2000 |
|
Current Tel Number |
011 6137473 |
|
Cell number |
082 5519680 |
|
Current Fax Number |
011 6135241 |
|
Current Email Address |
Unavailable |
|
Shareholding |
(if the principal owns shares) |
Adverse
Information for: NATALIE-ANNE VILLAS
Judgement
|
Number of
Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Business
Information for: NATALIE-ANNE VILLAS
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
GAUTENG CRICKET BOARD |
1977/002554/08 |
In Business |
34 Years 6 Months |
0 |
No |
|
CRICKET DIRECT (PTY) LTD |
M2003/012484/07 |
In Business |
18 Years 11 Months |
0 |
No |
Previous Business Interests
|
Average Age of
Previous Business Interests |
None |
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
None |
|
|
|
|
|
Deeds Information
Property Interestsfor: NATALIE-ANNE VILLAS
|
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.48.94 |
|
UK Pound |
1 |
Rs.77.95 |
|
Euro |
1 |
Rs.65.94 |
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.