MIRA INFORM REPORT
|
Report Date : |
01.03.2012 |
IDENTIFICATION DETAILS
|
Correct Name : |
TREVOR SMITH SPORTS (PTY) LTD |
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Registered Office : |
21 Scott Street, Newcastle, Kwazulu Natal |
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Country : |
South Africa |
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Date of Incorporation : |
15.05.2002 |
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Com. Reg. No.: |
M2002/011406/07 |
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Legal Form : |
Private Company |
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Line of Business : |
Sale of sports goods and sporting equipment. The retailing of corporate clothing |
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No. of Employees
: |
23 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
US$ 150 000 |
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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 – September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
South Africa |
a2 |
a2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low |
A2 |
|
Moderate |
B1 |
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High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
|
Subject Name |
TREVOR SMITH SPORTS (PTY) LTD |
|
Country |
SOUTH AFRICA |
|
Requested Credit Limit |
US$ 150 000 |
|
Enquiry Terms |
D/A |
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Account Review |
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Subject Contact person |
KEVIN |
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Assessment |
Total Credit Limit Exposure: R400 000 This is a well-established company that imports most of its supplies. The subject is meeting its local commitments timeously. A bank code C was obtained for R500 000 over 30 days. Your figure is considered as too high. |
|
Registered Name |
TREVOR SMITH SPORTS (PTY) LTD |
|
Trading as/ Division Name |
None |
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Previous Name |
None |
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Date of Name Change |
N/A |
|
Registration Number |
M2002/011406/07 |
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Registration Date |
2002-05-15 |
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Date Commenced Trading |
1968 |
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Age of Business |
9 years 9 months |
|
History of Business |
The subject commenced as a Pty Ltd company in 1968 then converted to a
CC then back to a (Pty) Ltd in 2002 |
|
History of Principals |
None |
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Shareholders and % holding |
All 3 principals hold shares, MR SMITH being the majority. |
|
Authorised Share Capital |
R100 |
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Issued Share Capital |
R100 |
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Status |
In Business |
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Operations Assessment |
Sale of sports goods and sporting
equipment. The retailing of corporate clothing |
|
Industry/ Customers |
Corporates, schools |
|
Export |
Swaziland, Botswana |
|
Major Industry Code / SICC |
62393 |
|
Definition of Code |
Retail trade in sports goods and
entertainment requisites. |
|
Head Office Physical Address |
21 Scott Street NEWCASTLE Kwazulu Natal |
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Head Office Postal Address |
P O Box 51 NEWCASTLE 2940 |
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Current Tel Number |
031 3127178 |
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Cell number |
Unknown |
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Current Fax Number |
034 3127181 |
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Current Email Address |
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Web Site Address |
www.trevoursmithsports.co.za |
Auditors
Information
|
Company Registered Name |
D SMITH / JAMES AND KRUGER INC |
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Trading Name |
JAMES AND KRUGER INC |
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Registration Number |
20010067221 |
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Physical Address |
47 VOORTREKKER STREET NEWCASTLE |
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Postal Address |
PRIVATE BAG X6647 NEWCASTLE 2940 |
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Contact Person |
LOUIS KRUGER |
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Contact Number |
034 3123400 |
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Email |
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Principals |
DECLINED |
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Subject Verified as Client |
Yes |
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SAICA number |
03419082 |
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VAT Number |
4400192326 |
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Tax Number |
DECLINED |
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BEE Status |
LEVEL 2 |
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Financial Year End |
FEBRUARY |
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Years With Auditors |
3 YEARS |
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Website |
Previous Auditors
|
Company Name |
Phone Number |
Time with previous auditors |
|
LEE OOSTHUIZEN
AND SMITH |
|
Unknown |
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DELOITTES
HASKINS AND SELLS |
|
Unknown |
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SIYIABALA |
|
Unknown |
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Vat Number |
4530102773 |
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Status |
Active |
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Vat Liable Date |
1991-09-30 |
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Tax Number |
9710020216 |
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Tax Clearance Expire Date |
February and August |
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Financial Year End |
February |
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Status |
Yes |
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Score |
Level1 |
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Expire Date |
January 2013 |
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BEE Certificate Available |
Yes |
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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
|
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 |
23 |
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1. Salaried
employees |
23 |
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2. Waged
employees |
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3. Permanent
employees |
23 |
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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 |
7 |
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1. Cars |
2 |
Owned |
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In total 3
vehicles still owing |
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2. Light
Delivery Vehicles |
5 |
Owned |
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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 |
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Head Office Owned/ Rented |
Rented to purchase |
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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 |
Office, warehouse and retail premises |
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Branches Names |
Country |
Province |
|
Benoni |
South Africa |
Gauteng |
Branches Owned/ Rented |
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Rental Company |
Rented |
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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 |
Office, warehouse and retail premises |
Organisation chart
|
Level |
Position |
Name |
|
1 |
Managing Director |
TREVOR SMITH |
Company Structure (Ownership)
Note: One level up and
all levels down
|
Holding |
Company |
Sub |
|
Majority- TREVOR SMITH Other directors |
TREVOR SMITH SPORTS (PTY) LTD |
None |
Key
deals signed within the past 12 months.
|
Company |
Value |
Contact |
|
Unavailable |
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Trade Reference nr |
Supplier |
Contact |
Surety Value |
Notarial Bonds |
|
1 |
JAMES GILBERT |
011 719
9990 |
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2 |
OPAL SPORTS |
011 613 7473 |
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Trade
References Detail
|
Nr |
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
|
1 |
6 YEARS |
R400 000 |
R600 000 |
30DAYS |
300 000 |
30DAYS |
EXCELLENT |
|
2 |
15 YEARS |
OPEN |
OPEN |
30DAYS |
UNAVAILABLE |
30DAYS |
EXCELLENT |
Judgements
|
Judgements |
None |
|
Possible
Judgements |
None |
|
Civil Court |
None |
|
RDs |
None |
Business Rescue
|
Date registered |
Business rescue practitioner |
Contact Information |
Details |
|
None |
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Default Listings
|
Date |
Details |
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None |
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Notarial Bonds
|
Date |
Details |
|
None |
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|
Bank |
STANDARD BANK |
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Branch |
NEWCASTLE |
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Bank Account Number |
062128450 |
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Type of Account |
Current |
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Account Name |
TREVOR SMITH SPORTS (PTY) LTD |
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Overdraft Facilities |
Unknown |
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Bank Code |
C for R500 000 |
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Bank Comment |
The subjects bankers consider them as equal to their normal business
engagements. |
Bank Codes History
|
Date requested |
Bank Code |
Enquiry Amount |
Number of RD’s |
RD amount |
RD Date |
Bank Comments |
Years with bank |
|
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 Information
Financial
Estimates
|
CURRENT ASSETS |
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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 |
R10 000 000 to R15 000 000 |
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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 |
3 |
|
Average Age of Active Principals |
65 |
Active Principals
Principal 1 of 3: KEVIN WOODINGS
|
Surname |
WOODINGS |
|
First Name |
KEVIN |
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Other Names |
None |
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Marital Status |
Unknwon |
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ID Number |
6110115043102 |
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Verified ID Number |
Yes |
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Current Age |
51 |
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Designation |
Businessman |
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Status |
Active |
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Appointment Date |
2009-03-04 |
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Physical Address (at time of Appointment) |
10 Grysbok Avenue Hutten Heights NEWCASTLE |
|
Postal Address |
P O Box 51 NEWCASTLE 2940 |
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Current Tel Number |
034 3127178 |
|
Cell number |
083 6469376 |
|
Current Fax Number |
034 3127181 |
|
Current Email Address |
|
|
Shareholding |
Unknown |
Adverse Information for KEVIN WOODINGS
Judgement
|
Number of
Judgements |
None |
Debt
Review
|
Debt review |
None |
Other
|
Default data |
None |
Business Information for KEVIN WOODINGS
Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
None |
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Previous
Business Interests
|
Average Age of
Previous Business Interests |
None |
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
None |
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|
|
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|
Deeds Information
Property
Interestsfor KEVIN WOODINGS
|
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: VIRANDRA PRAKASH SINGH
|
Surname |
SINGH |
|
First Name |
VIRANDRA |
|
Other Names |
PRAKASH |
|
Marital Status |
Unknown |
|
ID Number |
5203265135082 |
|
Verified ID Number |
Yes |
|
Current Age |
60 |
|
Designation |
Business woman |
|
Status |
Active |
|
Appointment Date |
2005-03-1 |
|
Physical Address (at time of Appointment) |
16 Asnika Street SURYAVILLE Newcastle |
|
Postal Address |
P O Box 2627 NEWCASTLE 2940 |
|
Current Tel Number |
034 3126579 |
|
Cell number |
083 2344431 |
|
Current Fax Number |
034 3127181 |
|
Current Email Address |
|
|
Shareholding |
(if the principal owns shares) |
Adverse Information for VIRANDRA PRAKASH
SINGH
Judgement
|
Number of
Judgements |
None |
Debt
Review
|
Debt review |
None |
Other
|
Default data |
None |
Business Information for VIRANDRA PRAKASH
SINGH
Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
TREVOR SMITH
SPORTS (BENONI) CC |
B1993/010440/23 |
In Business |
18 years 9
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 VIRANDRA PRAKASH SINGH
|
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 3 of 3: TREVOR SMITH
|
Surname |
SMITH |
|
First Name |
TREVOR |
|
Other Names |
None |
|
Marital Status |
Married |
|
ID Number |
3506035066003 |
|
Verified ID Number |
Yes |
|
Current Age |
77 |
|
Designation |
General Dealer |
|
Status |
Active |
|
Appointment Date |
2002-05-15 |
|
Physical Address (at time of Appointment) |
13 Van Schalkwyk Street NEWCASTLE 2940 |
|
Postal Address |
P O Box 51 NEWCASTLE 2940 |
|
Fax Number |
034 3127181 |
|
Email Address |
|
|
Shareholding |
Majority |
Adverse
Information for TREVOR SMITH
Judgement
|
Number of
Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Business
Information for TREVOR SMITH
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
TREVOR SMITH
SPORTS (BENONI) CC |
B1993/010440/23 |
In Business |
18 years 9
months |
0 |
No |
|
MOPUTSO
INVESTMENTS NO 18 (PTY) LTD |
2005/004782/07 |
In Business |
7 years |
0 |
No |
|
CATHKIN DESIGNS
CC |
B2010/075529/23 |
In Business |
1 year 9 months |
0 |
No |
Previous Business Interests
|
Average Age of
Previous Business Interests |
7 years |
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
PAMISH
INVESTMENTS NO 19 (PTY) LTD |
2005/004767/07 |
Deregistration
final |
7 years |
0 |
No |
Deeds Information
Property Interestsfor TREVOR SMITH
|
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.