MIRA INFORM REPORT
|
Report Date : |
24.09.2012 |
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|
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IDENTIFICATION DETAILS
|
Name : |
HOPEWELL FOOTWEAR (PTY) LTD |
|
|
|
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Registered Office : |
68 Paisley Road, DURBAN,4052 |
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|
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Country : |
South Africa |
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Date of Incorporation : |
26.11.1999 |
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Com. Reg. No.: |
M1969/007425/07 |
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Legal Form : |
Private Limited |
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Line of Business : |
Manufacture Of Footwear |
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No. of Employees : |
139 |
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 – 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 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
SOUTH AFRICA - ECONOMIC OVERVIEW
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 Unemployment remains high and outdated infrastructure has constrained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 |
Company
name
|
Subject Name |
HOPEWELL FOOTWEAR (PTY) LTD |
|
Country |
South Africa |
|
Enquiry Terms |
COD |
|
Account Review |
6 MONTHS |
|
Subject Contact Person |
MR GORDON-0314682431 |
|
Assessment |
On the investigation we established this is
large company.We are still awaiting trade references to be provided by the company.We
are still awaiting a Bank Code.Please see the available information below. |
Company information
|
Registered Name |
HOPEWELL FOOTWEAR (PTY)LTD |
|
Trading as/ Division Name |
None |
|
Previous Name |
None |
|
Date of Name Change |
Nov 26 1999 12:00AM |
|
Registration Number |
M1969/007425/07 |
|
Registration Date |
1969/05/13 |
|
Date Commenced Trading |
|
|
Age of Business |
43 Years 4 Months |
|
History of Business |
None |
|
History of Principals |
None |
|
Shareholders/Members/Partners of subject
and % holding |
Deemed Cofidential |
|
Authorised Share Capital |
R1000.00 |
|
Issued Share Capital/Members Contribution |
R 100.00 |
|
Status |
In Business |
|
Operations Assessment |
Manufactures shoes |
|
Industry/ Customers |
EDCON, MR PRICE, FOSCHINI etc. |
|
Export |
None |
|
Export Countries |
|
|
Import |
None |
|
Import Countries |
|
|
Major Industry Code / SICC |
31700 |
|
Definition of Code |
MANUFACTURE OF FOOTWEAR |
|
Head Office Physical Address |
68 Paisley Road, DURBAN,4052 |
|
Head Office Postal Address |
P 0 BOX 831, DURBAN, 4000 |
|
Current Tel Number |
0314682431 |
|
Cell Number |
Unavailable |
|
Current Fax Number |
0314682431 |
|
Current Email Address |
|
|
Web Site Address |
None |
|
Comments |
|
Auditors information
|
Company Registered Name |
PRICEWATERHOUSE COOPERS INCORPORATED |
|
Trading Name |
PWC INC |
|
Registration Number |
1998/012055/21 |
|
Physical Address |
2nd Floor Price Waterhouse Place, 102
ESSENWOOD ROAD,LBEREA, DURBAN,4001 |
|
Postal Address |
P O BOX 1049, BRIDGE, 4000 |
|
Contact Person |
BRIDGE |
|
Contact Number |
0312503700 |
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Email |
brij. bri j al@za. pwc. co m |
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Principals |
246 |
|
Judgements Against Subject |
None |
|
Judgements Against Principals |
None |
|
Subject Verified as Client |
Yes |
|
Practice Number |
919438E |
|
VAT Number |
4950174682 |
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Tax Number |
9343032844 |
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BEE Status |
Level 2 |
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Financial Year End |
June |
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No of years in Business |
43 |
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Website |
|
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Comment |
|
Previous Auditors
|
Company Name |
Phone Number |
Time with previous auditors |
Comment |
|
PRICE WATER HOUSE |
|
43 |
|
Tax information
|
Vat Number |
4930102571 |
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Status |
ACTIVE |
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Vat Liable Date |
1991/09/30 |
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Tax Number |
9129035201 |
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Tax Clearance Expire Date |
2013/09/30 |
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Financial Year End |
December |
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Comment |
|
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Black Economic Empowerment |
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Status |
Yes |
|
Score |
2.00 |
|
Expire Date |
|
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BEE Certificate Available |
Yes |
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Comment |
|
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ISO Status |
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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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Comment |
|
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Workman's compensation |
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Registered |
Yes |
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Compliance Certified |
Yes |
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Comment |
|
Company Structure
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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Comment |
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Employees |
||||
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Number of Employees |
139 |
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1. Salaried employees |
139 |
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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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Comment |
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Company Fleet |
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Company Fleet |
No of vehicles: |
Ownerd/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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Comment |
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Light delivery Vehicles |
7 |
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Offices
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Offices |
Offices |
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Head Office Owned/ Rented |
Leased |
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Rental Company |
CHOAAARLY INVESTMENTS |
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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 |
Monthly |
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Lease Expire Date |
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Type of Premises |
Offices |
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Comment |
|
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Branch Information |
||
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Branches Names |
Country |
Province |
|
None |
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Branch Detail Information |
||
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Branches 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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Comment |
Information regarding the property was
declined. |
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Management Overview
|
Level |
Position |
Name |
Comment |
|
1 |
DIRECTOR |
AHMED SIMJEE |
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|
1 |
DIRECTOR |
CASSIM SHAIKH |
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|
1 |
DIRECTOR |
E SHAIKH |
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Company Structure (Ownership)
Note: One level up and all levels down
|
Holding |
Company |
Sub |
Comment |
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Deemed Confidential |
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Key deals signed within the past 12 months.
|
Company |
Value |
Contact |
Comment |
|
None |
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We are awaiting the company to provide
trade references |
Trade References
|
Trade Reference nr |
Supplier |
Contact |
Surety Value |
Notarial Bonds |
Comment |
|
1 |
|
|
|
|
Still waiting for Trade Reference |
Trade References Detail
|
Nr |
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
|
1 |
|
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Adverse Information on Subject
Judgements
|
Judgements |
None |
||||
|
Possible Judgements |
No Information on Record |
||||
|
Civil Court |
No Information on Record |
||||
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RDs |
No Information on Record |
||||
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Comment |
No Information on Record |
||||
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Business Rescue |
|||||
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Date registered |
Business rescue practitioner |
Contact Information |
Details |
Comment |
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|
No Information on Record |
No Information on Record |
No Information on |
None |
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|
Record |
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Default Listings
|
Date |
Details |
Comment |
|
|
No Information on Record |
None |
|
Notarial Bonds |
||
|
Date |
Details |
Comment |
|
|
No Information on Record |
None |
Bank information
|
Bank |
STANDARD BANK |
|
Branch |
KINGSMEAD |
|
Brach Code |
|
|
Bank Account Number |
050682938 |
|
Type of Account |
CURRENT |
|
Account Name |
HOPEWELL FOOTWEAR (PTY) LTD |
|
Overdraft Facilities |
Yes |
|
Bank Code |
|
|
Bank Comment |
Still waiting for Bank Code |
Financial Estimates
|
CURRENT ASSETS |
|
|
Stock |
|
|
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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Loan Details |
|
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LONG TERM LIABILITIES |
|
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Morgage Bonds |
|
|
Previous Year Turnover |
|
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Estimated Current Year Turnover |
|
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Current Turnover per month |
|
|
Current Turnover per annum |
|
|
Comment |
None |
|
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 |
71 |
|
Active Principals Principal - 1of 3 AHMED
SIMJEE |
|
|
Surname |
SIMJEE |
|
First Name |
AHMED |
|
Other Names |
None |
|
Marital Status |
Married |
|
ID Number |
3311305056051 |
|
Verified ID Number |
Yes |
|
Current Age |
79 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
1973/07/23 |
|
Physical Address (at time of Appointment) |
168 KENILWORTH ROAD, OVERPORT, 4091 |
|
Postal Address |
PO BOX 831, DURBAN, 4000 |
|
Current Tel Number |
0314682431 |
|
Cell number |
0825787587 |
|
Shareholding/Membership |
0.0000 |
Adverse Information For Ahmed Simjee
Principal judgement
|
Number of Judgements |
0 |
|
Principal Debt Review |
|
|
Debt review |
No Information on Record |
|
Other |
|
|
Default data |
No Information on Record |
Business Information forAHMED SIMJEE
Principal Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
CHAMLEY INVESTMENT CC |
B1987/026505/23 |
Conversion CO/CC or CC/CO |
25 Years 1 Months |
0 |
No |
|
|
HOPEWELL FOOTWEAR (PTY) LTD |
M1969/007425/07 |
In Business |
43 Years 7 Months |
0 |
No |
|
|
CHAMLEY INVESTMENTS (PTY) LTD |
M1999/016499/07 |
In Business |
13 Years 1 Months |
0 |
No |
|
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
LENZORA PROPERTY CC |
B1988/004259/23 |
Deregistration Final |
|
0 |
No |
|
Principal's Deeds Information - No
information on record
Principal Previous Business Interests
%20LTD%20-%20194001%2024-Sep-2012_files/image001.gif)
|
Surname |
SHAIKH |
|
First Name |
CASSIM |
|
Other Names |
None |
|
Marital Status |
Married |
|
ID Number |
4209305085089 |
|
Verified ID Number |
Yes |
|
Current Age |
70 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
1969/12/08 |
|
Physical Address (at time of Appointment) |
38 ESMAIL CRESCENT, PARLOCK, 4051 |
|
Postal Address |
68 PAISLEY ROAD, JACOBS, 4052 |
|
Current Tel Number |
0314682431 |
|
Cell number |
0825777020 |
|
Shareholding/Membership |
0.0000 |
ADVERSE INFORMATION FOR CASSIM SHEIKH
Principal judgement
|
Number of Judgements |
0 |
|
Principal Debt Review |
|
|
Debt review |
No Information on Record |
|
Other |
|
|
Default data |
No Information on Record |
Business Information forCASSIM SHAIKH
Principal Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
CHAMLEY INVESTMENT CC |
B1987/026505/23 |
Conversion CO/CC or CC/CO |
25 Years 1 Months |
0 |
No |
|
|
HILLDEW PROPERTY CC |
B1988/000463/23 |
In Business |
0 |
0 |
No |
|
|
HOPEWELL FOOTWEAR (PTY) LTD |
M1969/007425/07 |
In Business |
43 Years 7 Months |
0 |
No |
|
|
CHAMLEY INVESTMENTS (PTY) LTD |
M1999/016499/07 |
In Business |
13 Years 1 Months |
0 |
No |
|
|
CNR EXPORT COMPANY (PTY) LTD |
M2001/004036/07 |
Deregistration Process |
11 Years 11 Months |
0 |
No |
|
Principal's Deeds Information - No
information on record
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
LENZORA PROPERTY CC |
B1988/004259/23 |
Deregistration Final |
|
0 |
No |
|
|
SOUTH AFRICAN FOOTWEAR AND LEATHER EXPORT
COUNCIL |
M2001/004321/08 |
In Business |
11 Years 11 Months |
0 |
No |
|
SHAIKH
|
Surname |
SHAIKH |
|
First Name |
E |
|
Other Names |
None |
|
Marital Status |
Married |
|
ID Number |
4810095110084 |
|
Verified ID Number |
No |
|
Current Age |
64 |
|
Designation |
DIRECTOR |
|
Status |
Active |
|
Appointment Date |
1969/08/12 |
|
Physical Address (at time of Appointment) |
80 AMCLOCK DRIVE, PARLOCK, DURBAN, 4001 |
|
Postal Address |
P 0 BOX 831, DURBAN, 4000 |
|
Current Tel Number |
0314682431 |
|
Cell number |
0825575716 |
|
Shareholding/Membership |
0.0000 |
Adverse information for E Shaikh
|
Number of Judgements |
1 |
|
Principal Debt Review |
|
|
Debt review |
No Information on Record |
|
Other |
|
|
Default data |
No Information on Record |
Business Information forE SHAIKH
Principal Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
CHAMLEY INVESTMENT CC |
B1987/026505/23 |
Conversion CO/CC or CC/CO |
25 Years 1 Months |
0 |
No |
|
|
HOPEWELL FOOTWEAR (PTY) LTD |
M1969/007425/07 |
In Business |
43 Years 7 Months |
0 |
No |
|
|
CHAMLEY INVESTMENTS (PTY) LTD |
M1999/016499/07 |
In Business |
13 Years 1 Months |
0 |
No |
|
Principal Previous business interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
TABRIS PROPERTY CC |
B1989/015319/23 |
In Business |
23 Years 11 Months |
0 |
No |
|
Principal's Deeds Information - No
information on record
Principal Previous Business Interests
%20LTD%20-%20194001%2024-Sep-2012_files/image002.gif)
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.90 |
|
|
1 |
Rs.87.60 |
|
Euro |
1 |
Rs.70.00 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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.