|
Report Date : |
28.11.2012 |
IDENTIFICATION DETAILS
|
Name : |
VIA LA MODA (PTY)LTD |
|
|
|
|
Formerly Known As : |
TRADE-OFF
76 (PTY)LTD |
|
|
|
|
Registered Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
14.01.1998 |
|
|
|
|
Com. Reg. No.: |
M1998/000381/07 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
manufacturer of quality crocodile and Ostrich handbags,
wallets, purses, belts |
|
|
|
|
No. of Employees : |
45 employees |
RATING & COMMENTS
|
MIRA’s 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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
|
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
south Africa is a middle-income, emerging market
with an abundant supply of natural resources; well-developed financial, legal,
communications, energy, and transport sectors; a stock exchange that is the
18th largest in the world; and modern infrastructure supporting a relatively
efficient distribution of goods to major urban centers throughout the region.
Growth was robust from 2004 to 2007 as South Africa reaped the benefits of
macroeconomic stability and a global commodities boom but began to slow in the second
half of 2007 due to an electricity crisis and the subsequent global financial
crisis' impact on commodity prices and demand. GDP fell nearly 2% in 2009 but
recovered in 2010-11. Unemployment remains high and outdated infrastructure has
constrained growth. State power supplier Eskom encountered problems with aging
plants and meeting electricity demand necessitating "load-shedding"
cuts in 2007 and 2008 to residents and businesses in the major cities. Daunting
economic problems remain from the apartheid era - especially poverty, lack of
economic empowerment among the disadvantaged groups, and a shortage of public
transportation. South Africa''s economic policy is fiscally conservative
focusing on controlling inflation and attaining a budget surplus. The current
government largely follows these prudent policies but must contend with the
impact of the global crisis and is facing growing pressure from special
interest groups to use state-owned enterprises to deliver basic services to
low-income areas and to increase job growth.
|
Source : CIA |
|
Subject Name |
VIA LA MODA (PTY)
LTD |
|
Country |
South Africa |
|
Subject Contact
Person |
CYNTHIA -
ACCOUNTANT |
|
Assessment |
This is
a well-established business. On
investigation contact was made with Cynthia the accountant of the subject who
assisted with the information. The
business has been in operation for more than 12 years. A bank code C was
obtained for an enquiry amount of R 100 000 over a period of 30 days. The
subject is meeting commitments timeously with it's suppliers. No adverse
information was revealed. Please see the available information for the
subject below. |
|
Registered Name |
VIA LA MODA
(PTY)LTD |
|
Trading as/
Division Name |
None |
|
Previous Name |
TRADE-OFF 76
(PTY)LTD |
|
Date of Name Change |
Aug 13 1999
12:00AM |
|
Registration
Number |
M1998/000381/07 |
|
Registration Date |
1998/01/14 |
|
Date Commenced
Trading |
13 August 1999 |
|
Age of Business |
13
Years 10 Months |
|
History of
Business |
VIA
LA MODA (PTY)LTD was registered in 1998 and underwent a name change from
TRADE-OFF 76 (PTY)LTD in August 1999 to the current name |
|
History of
Principals |
HANS-PETER
WINKLMAYR is a qualified Master craftsman with a number of years experience
in the industry. |
|
Shareholders/Members/Partners
of subject and % holding |
The shareholding are held by the
directors of the subject, however the percentage holdings were not made
available. |
|
Authorised Share
Capital |
R0.00 |
|
Issued Share
Capital/Members Contribution |
R0.00 |
|
Status |
In Business |
|
Operations
Assessment |
The
concern operates as a manufacturer of quality crocodile and Ostrich handbags,
wallets,purses, belts |
|
Industry/
Customers |
Boutique
Retail Stores such as Mitsukoshi , Asprey ,Madler and Tiffany and Co |
|
Export |
Yes |
|
Export Countries |
American Samoa,
Japan,Switzerland |
|
Major Industry
Code / SICC |
31621 |
|
Definition of
Code |
Manufacture of
travel goods and ladies' handbags |
|
Head Office
Physical Address |
19
Banfield Road, Industria North, 1709, SOUTH AFRICA |
|
Head Office
Postal Address |
P.O. Box 394,
Florida Hills, Roodepoort |
|
Current Tel Number |
0114778008 |
|
Cell Number |
0836160180 |
|
Current Fax
Number |
0114775012 |
|
Current Email
Address |
|
|
Web Site Address |
|
Company
Registered Name |
MILTON LUTRIN |
|
Trading Name |
LUTRIN ASSOCIATES |
|
Registration
Number |
4806225092085 |
|
Physical Address |
SANDHAVON OFFICE
PARK, 1ST FLOORBLOCK B, 12 PONGOLA CRESCENT, GAUTENG,2090 |
|
Postal Address |
P O BOX 37172,
BIRMAN PARK, 2015 |
|
Contact Person |
MILTON LUTRIN |
|
Contact Number |
011 4443590 |
|
Email |
|
|
Principals |
1 |
|
Judgements
Against Subject |
No information on
file |
|
Judgements
Against Principals |
No information on
file |
|
Subject Verified
as Client |
Yes |
|
Practice Number |
902973 |
|
VAT Number |
4880185782 |
|
No of years in
Business |
3 |
Previous Auditors
|
Company
Name |
Phone
Number |
Time
with previous auditors |
Comment |
|
LUTRIN
AND ASSOCIATES |
|
14 |
|
|
LYTRIN
AND PARTNERS |
|
14 |
|
|
LUTRIN
ABRAMS SKLAR |
|
4 |
|
|
Vat
Number |
4930181856 |
|
Status |
ACTIVE |
|
Vat
Liable Date |
1999/05/27 |
|
Tax
Number |
9575379848 |
|
Financial
Year End |
February |
|
Black
Economic Empowerment |
|
|
Status |
No |
|
ISO
Status |
|
|
Type
of ISO Grade |
Not
Applicable |
|
ISO
Certificate |
No |
|
Workman's
compensation |
|
|
Registered |
Yes |
|
Compliance
Certified |
Yes |
Subsidiaries
Information - No Information on Record
|
Employees |
|
|
Number of
Employees |
45 |
|
1. Salaried
employees |
45 |
|
2. Waged
employees |
|
|
3. Permanent
employees |
|
|
4. Casual
employees |
|
|
5. Contracted
employees |
|
|
Comment |
The staff
compliment may increase to 60 |
|
Company
Fleet |
||||
|
Company Fleet |
No of vehicles: |
Owned/Leased |
Value |
Outstanding
Balance |
|
Fleet Operations |
|
|
|
|
|
The Fleet is made
up of |
1 |
|||
|
Cars |
1 |
Owned |
|
|
|
Offices |
Offices |
|
|
Head Office
Owned/ Rented |
Leased |
|
|
Rental Company |
Unknown |
|
|
Branch
Information |
||
|
Branches
Names |
Country |
Province |
|
|
|
|
|
Branch Detail
Information |
||
|
Comment |
The branches of
the concern are overseas |
|
Organisation Chart
|
Level |
Position |
Name |
Comment |
|
|
|||
|
1 |
Master Craftsman |
HANS-PETER
WINKLMAYR |
|
Company
Structure Information - No Information on Record
Note:
One level up and all levels down
Key Deals
- No Information on Record
|
Trade Reference
nr |
Supplier |
Contact |
Surety Value |
Notarial Bonds |
Comment |
|
1 |
SOUTH CAPE
OSTRICH TANNING |
0446064500 |
|
|
|
|
2 |
R. Haddock & Co. (Pty) Ltd |
0113342674 |
R0.00 |
0 |
|
Trade
References Detail
|
Nr |
Age
of Acc |
Credit
Limit |
Max
Credit |
Terms |
Average
Purchases |
Terms
Taken |
Comment |
|
1 |
12 years |
R0.00 |
R612000 |
30
days |
R 375000 |
30 days |
Good account |
|
2 |
5 years |
R0.00 |
R 50000 |
30
days |
R 25000 |
30 days |
Very good account |
Judgements
|
Judgements |
None |
|
Possible
Judgements |
None |
|
Civil
Court |
None |
|
RDs |
None |
|
Comment |
No
Information on Record |
Business Rescue
|
Date registered |
Business
rescue practitioner |
Contact
Information |
Details |
Comment |
|
|
No
Information on Record |
No Information on
Record |
No Information on Record |
No Information on
Record |
Default listings
|
Date |
Details |
Comment |
|
|
None |
No
Information on Record |
Notarial Bonds - No information on record
|
Bank |
NEDBANK |
|
Branch |
FLORA CENTRE |
|
Bank Account
Number |
1928038131 |
|
Type of Account |
CHEQUE |
|
Account Name |
VIA LA MODA |
|
Overdraft
Facilities |
The concern does not require an overdraft
facility as credit balances are usually maintained at the bank |
|
Bank Code |
C |
|
Bank Comment |
The subject's
bankers consider them good for all business normal engagements |
Bank Code
History - No Information on Record
Previous Bank
Account Information - No Information on Record
Deeds
Information - No information on record
|
Number of
Principals |
3 |
|
Average Age of
Active Principals |
51 |
|
Active
Principals Principal - 1of 3 HANS-PETER WINKLMAYR |
|
|
Surname |
WINKLMAYR |
|
First Name |
HANS-PETER |
|
Other Names |
None |
|
Marital Status |
Married |
|
ID Number |
5907095214186 |
|
Verified ID
Number |
Yes |
|
Current Age |
53 |
|
Designation |
BUSINESS MAN |
|
Status |
Active |
|
Appointment Date |
2011/05/02 |
|
Physical
Address (at time of Appointment) |
30 DAVID STREET,
FLORIDA PARK, FLORIDA, Gauteng, 1709 |
|
Postal Address |
P O BOX 394,
FLORIDA HILLS, Gauteng, 1716 |
|
Shareholding/Membership |
0.0000 |
Principal's Adverse -
No information on record
Business
Information for HANS-PETER WINKLMAYR
Principal
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
VIA LA MODA (PTY)
LTD |
M1998/000381/07 |
In Business |
14 Years 2 Months |
0 |
No |
|
Principal Previous Business Interests
Average
Age of Previous Business 18 years
|
Company
Name |
Registration
No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
STRUBEN VALLEY NO
951 CC |
B1992/015973/23 |
Deregistration
Final |
20 Years 8 Months |
0 |
No |
|
|
VIVA
LUNO MANUFACTURING (PTY) LTD |
M1995/008507/07 |
In Business |
17 Years 5 Months |
0 |
No |
|
Principal's Deeds
Information - No information on record
Principal - 2of 3 A HAUSER
|
Surname |
HAUSER |
|
First Name |
A |
|
Marital Status |
Single |
|
ID Number |
7510175148080 |
|
Verified ID
Number |
Yes |
|
Current Age |
37 |
|
Designation |
BUSINESS MAN |
|
Status |
Active |
|
Appointment Date |
2011/05/02 |
|
Physical
Address (at time of Appointment) |
20 MALACHITE
STREET, KLOOFENDAL, Gauteng, 1724 |
|
Postal Address |
P O BOX 394,
FLORIDA HILLS, Gauteng, 1725 |
|
Shareholding/Membership |
0.0000 |
Principal's Adverse -
No information on record
Business
Information for A HAUSER
Principal Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
VIA
LA MODA (PTY) LTD |
M1998/000381/07 |
In Business |
14 Years 2 Months |
0 |
No |
|
|
WINHAM
INVESTMENTS (PTY) LTD |
M2000/016188/07 |
In Business |
0 |
0 |
No |
|
Principal Previous Business Interests
Average
Age of Previous Business 16 years
|
Company
Name |
Registration
No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
CITY LIFE
REALTORS CC |
B1996/006597/23 |
Deregistration
Final |
16 Years 4 Months |
0 |
No |
|
|
STMK INVESTMENTS
CC |
B1996/021514/23 |
In Business |
16 Years 4 Months |
0 |
No |
|
Principal's
Deeds Information - No information on record
|
Principal
- 3of 3 WALTER HAUSER |
|
|
Surname |
HAUSER |
|
First Name |
WALTER |
|
Other Names |
None |
|
Marital Status |
Married |
|
ID Number |
4804175033183 |
|
Verified ID
Number |
Yes |
|
Current Age |
64 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
1999/03/04 |
|
Physical
Address (at time of Appointment) |
20 MALACHIE
STREET, KLOOFENDAL, ROODEPOORT, 1724 |
|
Postal Address |
P O BOX 394,
FLORIDA HILLS, 1716 |
|
Current Tel
Number |
0114774532 |
|
Cell number |
0836160180 |
|
Shareholding/Membership |
0.0000 |
Principal's Adverse -
No information on record
Business
Information for WALTER HAUSER
Principal
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
NEW HEIGHTS 584
(PTY) LTD |
2003/031453/07 |
Deregistration
Process |
9 Years 9 Months |
0 |
No |
|
|
SPRINGBOK
COURT CC |
B1987/024544/23 |
In Business |
25 Years 1 Months |
0 |
No |
|
|
DESLAND BUILDING CC |
B1994/020669/23 |
In Business |
18 Years 6 Months |
0 |
No |
|
|
FAM-EALES
BUILDING CC |
B2002/025723/23 |
In Business |
10 Years 10
Months |
0 |
No |
|
|
COMPONA
(PTY) LTD |
M1973/013656/07 |
In Business |
39 Years 3 Months |
0 |
No |
|
|
VIA
LA MODA (PTY) LTD |
M1998/000381/07 |
In Business |
14 Years 2 Months |
0 |
No |
|
Principal Previous
Business Interests
Average
Age of Previous Business 10 years
|
Company
Name |
Registration
No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
CHARIOTS OF JOY
CC |
B1990/034021/23 |
Deregistration
Final |
22
Years 10 Months |
0 |
No |
|
|
COMPALIX (PTY)LTD |
M1928/000527/07 |
Deregistration
Final |
|
0 |
No |
|
|
AUSTRO GROUP LTD |
M2001/029771/06 |
In Business |
11
Years 11 Months |
0 |
No |
|
|
THE
AD MISSION (PTY) LTD |
M2002/022789/07 |
Deregistration
Final |
10
Years 10 Months |
0 |
No |
|
Principal's
Deeds Information - No information on record
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.70 |
|
UK Pound |
1 |
Rs.89.34 |
|
Euro |
1 |
Rs.72.35 |
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.