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Report Date : |
16.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
NEW LINE FOOTWEAR (PTY) LTD |
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Formerly Known As : |
EXCLUSIVE ACCESS TRADING 578 (PTY) LTD |
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Registered Office : |
Unit D1 |
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Country : |
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Date of Incorporation : |
10.09.2007 |
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Com. Reg. No.: |
2007/025801/07 |
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Legal Form : |
Private Company |
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Line of Business : |
Wholesale trade in textiles, clothing and footwear |
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No. of Employees : |
04 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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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 – 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 |
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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 |
NEW LINE FOOTWEAR (PTY) |
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Country |
SOUTH AFRICA |
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Enquiry Terms |
D/A |
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Account Review |
6 MONTHS |
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Subject Contact person |
STEVE DE LANGE- 021 9314419 |
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Assessment |
Total Credit Limit Exposure: R 50 000 This is a well establish company. The subject is meeting commitments timeously with suppliers A bank code revealed that the subject would be considered as equal to R1 000 000 over 30 days. |
|
Registered Name |
NEW LINE FOOTWEAR (PTY) LTD |
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Trading as/ Division Name |
None |
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Previous Name |
EXCLUSIVE ACCESS TRADING 578 (PTY) LTD |
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Date of Name Change |
2007-11-29 |
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Registration Number |
2007/025801/07 |
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Registration Date |
2007-09-10 |
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Date Commenced Trading |
2007-09-10 |
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Age of Business |
4 Years 8 Months |
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History of Business |
None |
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History of Principals |
None |
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Shareholders/Members/Partners of subject
and % holding |
100% STEVEN DE LANGE |
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Authorised Share Capital |
R 1000 |
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Issued Share Capital/Members Contribution |
R 120 |
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Status |
This Business is Active |
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Operations Assessment |
Imports shoes |
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Industry/ Customers |
Woolworths, Edgars etc. |
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Export |
INDIA, CHINA, SOUTH AMERICA |
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Major Industry Code / SICC |
6131 |
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Definition of Code |
Wholesale trade in
textiles, clothing and footwear |
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Head Office Physical Address |
Unit D1 Connaught Park Rali Street Beaconvalley CAPE TOWN 7530 |
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Head Office Postal Address |
PO Box 3347 TYGERVALLEY 7536 |
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Current Tel Number |
021 9314419 |
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Cell number |
082 3788421 |
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Current Fax Number |
021 9314409 |
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Current Email Address |
|
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Web Site Address |
None |
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Company Registered Name |
C2M CHARTERED ACCOUNTANTS (SA) |
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Trading Name |
None |
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Registration Number |
2007/009036/21 |
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Physical Address |
Tyger Forum B 53 Willie Van Schoor TYGERVALLEY 7530 |
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Postal Address |
PO Box 3347 TYGERBALLEY 7536 |
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Contact Person |
CAROL STEENKAMP |
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Contact Number |
021 9140261 |
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Email |
|
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Principals |
3 |
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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 |
958662 |
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VAT Number |
4670243932 |
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Tax Number |
9370031164 |
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BEE Status |
None |
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Financial Year End |
February |
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Years With Auditors |
5 Years |
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Website |
Previous Auditors
|
Company Name |
Phone Number |
Time with previous auditors |
|
REYNEKE
ASSOCIATES |
|
Unknown |
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Vat Number |
4800245922 |
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Status |
Active |
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Vat Liable Date |
2008-03-01 |
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Tax Number |
9343167160 |
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Tax Clearance Expire Date |
Unavailable |
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Financial Year End |
June |
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Status |
None |
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Score |
|
|
Expire Date |
|
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BEE Certificate Available |
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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 |
4 |
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1. Salaried
employees |
3 |
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2. Waged
employees |
1 |
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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 |
1 |
Leased for 3
Years |
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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 |
1 |
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6. Fork
Lifts |
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7. Other |
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Offices |
Warehouse/Office |
Head Office Owned/ Rented |
Rented |
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Rental Company |
FINITEX (PTY) LTD |
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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 |
3 Years |
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Lease Expire Date |
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Type of Premises |
Warehouse/Office |
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Branches Names |
Country |
Province |
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None |
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Branches Owned/ Rented |
None |
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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
|
Level |
Position |
Name |
|
1 |
DIRECTOR |
STEVEN DE LANGE |
Company Structure
(Ownership)
Note: One level up and
all levels down
|
Holding |
Company |
Sub |
|
100% |
STEVEN DE LANGE |
None |
Key deals signed within the past 12
months.
|
Company |
Value |
Contact |
|
None |
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Trade Reference nr |
Supplier |
Contact |
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1 |
Woolworths |
021 4079111 |
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2 |
Walton |
021 9745500 |
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3 |
Sea Castle |
021 4478024 |
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4 |
Merchant Bank |
021 9184015 |
Trade References
Detail
|
Nr |
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
|
1 |
Do |
Not |
Give |
Trade |
Reference |
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2 |
2012 |
R 50 000.00 |
Deemed
Confidential |
30 Days |
Deemed
Confidential |
30 Days |
Good |
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3 |
Do |
Not |
Give |
Trade |
Reference |
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4 |
Do |
Not |
Give |
Trade |
Reference |
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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 |
|
None |
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Default Listings
|
Date |
Details |
|
None |
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Notarial Bonds
|
Date |
Details |
|
None |
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Bank |
RAND MERCHANT BANK |
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Branch |
TYGERVALLEY |
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Bank Account Number |
62268945973 |
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Type of Account |
CURRENT |
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Account Name |
NEW LINE FOOTWEAR (PTY) LTD |
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Overdraft Facilities |
No |
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Bank Code |
C for R 1 000 000 |
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Bank Comment |
The subject’s 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
Estimates
|
CURRENT ASSETS |
Deemed Confidential |
|
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 |
R 30 000 000 |
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Current Turnover per month |
R 2 500 000 |
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Current Turnover per annum |
R 30 000 000 |
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 |
53 |
Active Principals
Principal 1 of 1: STEVEN DE LANGE
|
Surname |
DE LANGE |
|
First Name |
STEVEN |
|
Other Names |
None |
|
Marital Status |
Married |
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ID Number |
5909135175088 |
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Verified ID Number |
Yes |
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Current Age |
53 |
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Designation |
Director |
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Status |
Active |
|
Appointment Date |
2007-10-17 |
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Physical Address (at time of Appointment) |
1 Greenwood Riad PARKLANDS 7441 |
|
Postal Address |
1 Greenwood Riad PARKLANDS 7441 |
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Current Tel Number |
021 9314419 |
|
Cell number |
082 3788421 |
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Current Fax Number |
021 9314409 |
|
Current Email Address |
|
|
Shareholding |
100% |
Adverse Information for: STEVEN DE LANGE
Judgement
|
Number of
Judgements |
None |
Debt
Review
|
Debt review |
None |
Other
|
Default data |
None |
Business Information for :STEVEN DE LANGE
Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
BRANDED GEAR CC |
1996/005324 |
Deregistration Final |
16 Years 3 Months |
0 |
No |
|
EARTH CRUSADERS CC |
2008/025638/23 |
In Business |
4 Years 3 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: STEVEN DE LANGE
|
Title Deed No. |
T37346/2003 |
Erf/Site No. |
|
|
Deeds Office |
CAPE TOWN |
Physical Address |
31 RAVENSWOOD
MILNERTON RURAL BLOUBERG |
|
Property Type |
Freehold / Ervin |
Extent / Size |
588.0SQM |
|
Purchase Date |
2003-02-04 |
Purchase price |
R 559 000.00 |
|
% Ownership |
0.0000 |
Bond Holder |
FIRSTRND BANK
LTD |
|
Bond Number |
B219952003 |
Bond Amount |
R 510 000.00 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.84 |
|
UK Pound |
1 |
Rs.86.72 |
|
Euro |
1 |
Rs.69.17 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.