|
Report Date : |
01.03.2012 |
IDENTIFICATION DETAILS
|
Name : |
PETER BUTTNER SPORTS |
|
|
|
|
Registered Office : |
11 Middle Street Bellville Western Cape |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Year of Establishment : |
1994 |
|
|
|
|
Legal Form : |
Proprietorship |
|
|
|
|
Line of Business : |
Importing and distribution of sportswear
and equipment. |
|
|
|
|
No. of Employees : |
8 |
RATING & COMMENTS
|
MIRAs Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
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 September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
South Africa |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
|
Subject Name |
PETER
BUTTNER SPORTS |
|
Country |
SOUTH
AFRICA |
|
Requested Credit Limit |
US$150
000 |
|
Enquiry Terms |
D/A |
|
Account Review |
EVERY
6 MONTHS |
|
Subject Contact person |
P
BUTTNER |
|
Assessment |
This
is an established business meeting commitments timeouslyand most suppliers
declined to give exact amounts in the trade references. The
subject received a bank code C for R100 000 over 30 days. There
are no adverse details on the company or principal. Your
figure is considered as too high. |
|
Name, Sole proprietor |
PETER BUTTNER ID:5211075106003 |
|
Trading as |
PETER BUTTNER SPORTS |
|
Previous Name |
None |
|
Date of Name Change |
N/A |
|
Date Commenced Trading |
1994 |
|
Age of Business |
18 years |
|
History of Business |
|
|
History of Principals |
MR BUTTNER was a partner in a similar business and then decided to
leave and start his own company. |
|
Shareholders and % holding |
100% PETER BUTTNER |
|
Status |
In Business |
|
Operations Assessment |
Importing and distribution of sportswear
and equipment. It was stated that the business does not deal
with branded sportswear unless requested, however imports clothing and prints
or embroiders Logos, names onto them. The sports equipment can vary from Cricket
gear to large gym equipment, whatever is requested from the client. |
|
Industry/ Customers |
Various not specified- corporates,
businesses, schools etc: |
|
Export |
Namibia on occasion |
|
Major Industry Code / SICC |
62393 |
|
Definition of Code |
Retail in sports goods and entertainment
requisites |
|
Head Office Physical Address |
11 Middle Street BELLVILLE Western Cape |
|
Head Office Postal Address |
P O Box 2887 BELLVILLE 7535 |
|
Current Tel Number |
0219492160 |
|
Cell number |
Unavailable |
|
Current Fax Number |
0219482760 |
|
Current Email Address |
|
|
Web Site Address |
None |
|
Company Registered Name |
SWANEPOEL VANDYK INC |
|
Trading Name |
None |
|
Physical Address |
1st Floor 10 Bella Rosa Street ROSEN PARK Bellville |
|
Postal Address |
PO Box 1530 BELLVILLE 7535 |
|
Contact Person |
NEIL SWANEPOEL |
|
Contact Number |
021 97980991 |
|
Email |
neil@svd.co.za |
|
Principals |
2 |
|
Subject Verified as Client |
Yes |
|
SAICA number |
8227 |
|
BEE Status |
N/A |
|
Years With Auditors |
12 years |
|
Website |
None |
|
Company Name |
Phone Number |
Time with previous auditors |
|
WARD REYNOLDS
CA(SA)None |
Unknown |
Few years |
|
Vat Number |
4480141565 |
|
Status |
Active |
|
Vat Liable Date |
Annual |
|
Tax Number |
Unavailable |
|
Tax Clearance Expire Date |
Unavailable |
|
Financial Year End |
February |
|
Status |
No |
|
Score |
|
|
Expire Date |
|
|
BEE Certificate Available |
|
|
Type of ISO Grade |
No |
|
ISO Certificate |
|
|
ISO Certificate Available |
|
|
Certified by an Accredited Agent |
|
|
Registered |
Yes |
|
Compliance Certified |
Yes |
Subsidiaries
|
Subsidiary Company |
None |
|
Shareholding |
|
|
Registration Number |
|
|
Import / Export |
|
|
Number of
Employees |
8 |
|
1. Salaried
employees |
8 |
|
2. Waged
employees |
|
|
3. Permanent
employees |
|
|
4. Casual
employees |
|
|
5. Contracted
employees |
CMT (Cut Make
Trim) up to 30 at times |
Company Fleet |
No of vehicles: |
Owned/ Leased |
Value |
Outstanding Balance |
|
Fleet Operations |
|
|
|
|
|
The Fleet is made up of |
6 |
|||
|
1. Cars |
|
|
|
|
|
2. Light
Delivery Vehicles |
6 |
Owned |
Unknown |
Owing a small
amount on 2 vehicles |
|
3. Trailers |
|
|
|
|
|
4. Busses |
|
|
|
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5. Trucks |
|
|
|
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6. Fork
Lifts |
|
|
|
|
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1. Other |
|
|
|
|
|
Offices |
|
Head Office Owned/ Rented |
Owned |
|
Rental Company |
|
|
Owned by |
MR P BUTTNER |
|
Value |
Unknown |
|
Bond |
Free of Bond |
|
Bank |
|
|
Lease Agreement |
|
|
Lease Expire Date |
|
|
Type of Premises |
House converted into offices |
|
Branches Names |
Country |
Province |
|
None |
|
|
Branches Owned/ Rented |
None |
|
Rental Company |
|
|
Level |
Position |
Name |
|
1 |
Sole proprietor, Owner, Manager |
PETER BUTTNER |
Note: One level up and all
levels down
|
Holding |
Company |
Sub |
|
100% P BUTTNER |
PETER BUTTENR SPORTS |
None |
|
|
|
|
|
Company |
Value |
Contact |
|
Unavailable |
|
|
|
|
|
|
|
Trade Reference nr |
Supplier |
Contact |
Surety Value |
Notarial Bonds |
|
1 |
DE WET SPORTS |
021 5515228 |
|
|
|
2 |
LINING AND
TEXTILES |
021 9299300 |
|
|
|
3 |
EMBROIDERY CRAFT |
021 4482813 |
|
|
|
4 |
BERRY AND
DONALDSON |
021 464
8000 |
|
|
Trade References
Detail
|
Nr |
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
|
1 |
5 years |
OPEN |
OPEN |
60 DAYS |
OPEN |
30 DAYS |
VERY GOOD |
|
2 |
DO |
NOT |
GIVE |
TRADE |
REFERENCES |
|
|
|
3 |
20 YEARS |
NONE |
R60000 |
30 DAYS |
R30000 TO R50000 |
30 DAYS |
EXCELLENT |
|
4 |
15 YEARS |
100000 |
UNAVAILABLE |
30 DAYS |
UNAVAILABLE |
30DAYS |
GOOD |
Judgements
|
Judgements |
None |
|
Possible
Judgements |
None |
|
Civil Court |
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 |
NEDBANK |
|
Branch |
THE BRIDGE |
|
Bank Account Number |
1036297071 |
|
Type of Account |
Current |
|
Account Name |
PETER BUTTNER SPORTS |
|
Overdraft Facilities |
Unavailable |
|
Bank Code |
|
|
Bank Comment |
|
Bank Codes History
|
Date requested |
Bank Code |
Enquiry Amount |
Number of RDs |
RD amount |
RD Date |
Bank Comments |
Years with bank |
|
None |
|
|
|
|
|
|
|
Previous Bank
Accounts
|
Banker |
Branch Code |
Account Holder |
Account number |
Date opened |
Years with bank |
|
None |
|
|
|
|
|
Property Interestsfor 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
|
Previous Year Turnover |
|
|
Estimated Current Year Turnover |
R6 000 000- R7 000 000 |
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 |
60 |
Active Principals
Principal 1 of 1: PETER BUTTNER
|
Surname |
BUTTNER |
|
First Name |
PETER |
|
Other Names |
None |
|
Marital Status |
Married |
|
ID Number |
5211075106003 |
|
Verified ID Number |
Yes |
|
Current Age |
60 |
|
Designation |
Sole proprietor |
|
Status |
Active |
|
Appointment Date |
Unavailable |
|
Physical Address (at time of Appointment) |
11 Middle street BELLVILLE 7535 |
|
Postal Address |
P O Box 2887 BELLVILLE 7535 |
|
Current Tel Number |
021 9766613 |
|
Cell number |
082 4455946 |
|
Current Fax Number |
Unavailable |
|
Current Email Address |
|
|
Shareholding |
100% |
Adverse
Information for PETER BUTTNER
Judgement
|
Number of
Judgements |
None |
Debt
Review
|
Debt review |
None |
Other
|
Default data |
None |
Business Information for PETER BUTTNER
Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
THIRD WATCH
TRADING 708 (PTY) LTD |
2005/009142/07 |
Deregistration
Process |
6 years 11
months |
0 |
No |
|
PETER BUTTNER
SPORTS WEAR |
5211075106003 |
Unavailable |
Unknown |
0 |
No |
Previous
Business Interests
|
Average Age of Previous
Business Interests |
17 years |
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
PREMIER-HOUSE CC |
1992/030792/23 |
Deregistration
Final |
19 years 3
months |
0 |
No |
|
SPORTS DEPOT CC |
1996/009315/23 |
Deregistration
Final |
16 years |
0 |
No |
Property
Interestsfor PETER BUTTNER
|
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 |
|
|
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 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.