|
Report Date : |
06.08.2013 |
IDENTIFICATION DETAILS
|
Name : |
CORVARI
FOOTWEAR CC |
|
|
|
|
Registered Office : |
Unit 2,
10 Suzuka Road, Westmead, 3610 |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
03.04.2008 |
|
|
|
|
Com. Reg. No.: |
B2008/071725/23 |
|
|
|
|
Legal Form : |
Close Corporation |
|
|
|
|
Line of Business : |
The
subject manufactures footwear. |
|
|
|
|
No. of Employees : |
Not Available |
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, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
South Africa |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
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 and a stock exchange that is the 15th largest in
the world. Even though the country possesses modern infrastructure that support
a relatively efficient distribution of goods to major urban centers throughout the
region, some components retard growth. The economy began to slow in the second
half of 2007 due to an electricity crisis. 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. Subsequently, the global financial crisis
reduced commodity prices and world demand. GDP fell nearly 2% in 2009 but has
recovered since then. Unemployment, poverty, and inequality remain a challenge,
with official unemployment at nearly 25% of the work force. State power
supplier Eskom has built two new power stations and installed new power demand
management programs to improve power grid reliability. South Africa's economic
policy has focused on controlling inflation, however, the country has had
significant budget deficits that restrict its ability to deal with pressing
economic problems. The current government faces 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 |
CORVARI
FOOTWEAR CC |
|
Country |
South
Africa |
|
Subject
Contact Person |
GLENDYR
COLLEEN BODILL - Managing Member |
|
Assessment |
This is
an established business. On investigation contact was made with MRS. GLENDYR
COLLEEN BODILL the managing member who declined to assist with any
information on the subject. MRS. BODILL stated that the subject has decided
not to import leather and the venture would become a financial burden as the
subject is already importing leather. Please see the available information on
the subject below. |
|
Registered
Name |
CORVARI
FOOTWEAR CC |
|
Trading
as/ Division Name |
CORVARI FOOTWEAR |
|
Previous
Name |
None |
|
Date of
Name Change |
None |
|
Registration
Number |
B2008/071725/23 |
|
Registration
Date |
2008/04/03 |
|
Date
Commenced Trading |
2008-04-03 |
|
Age of
Business |
5 Years
4 Months |
|
History
of Business |
CORVARI FOOTWEAR
CC commenced trading as a new business in 2008. |
|
History
of Principals |
There
are currently 2 active members within the business. |
|
Shareholders/Members/Partners
of subject and % holding |
50 % - GLENDYR
COLLEEN BODILL, 50 % - JEFFREY NEIL BODILL |
|
Authorised
Share Capital |
R 0.00 |
|
Issued
Share Capital/Members Contribution |
R 0.00 |
|
Status |
In
Business |
|
Operations
Assessment |
The
subject manufactures footwear. |
|
Industry/
Customers |
The
general public and footwear retailers. |
|
Export |
Unknown |
|
Export
Countries |
|
|
Import |
Unknown |
|
Import
Countries |
|
|
Major
Industry Code / SICC |
31700 |
|
Definition
of Code |
MANUFACTURE
OF FOOTWEAR |
|
Head
Office Physical Address |
UNIT 2, 10
SUZUKA ROAD, WESTMEAD, 3610 |
|
Head
Office Postal Address |
P.O. BOX
1747, LINKHILLS, 3652 |
|
Current
Tel Number |
0332124751 |
|
Cell
Number |
Unavailable |
|
Current
Fax Number |
Unavailable |
|
Current
Email Address |
|
|
Web Site
Address |
Unavailable |
|
Comments |
|
|
Company
Registered Name |
STACEY
JANSEN |
|
Trading
Name |
Unavailable |
|
Registration
Number |
Unavailable |
|
Physical
Address |
Unavailable |
|
Postal
Address |
P O BOX
52529, MOORE ROAD, 4083 |
|
Contact
Person |
Unavailable |
|
Contact
Number |
Unavailable |
|
Email |
Unavailable |
|
Principals |
1 |
|
Judgements
Against Subject |
Unavailable |
|
Judgements
Against Principals |
Unavailable |
|
Subject
Verified as Client |
No |
|
Practice
Number |
003091271 |
|
VAT
Number |
Unavailable |
|
Tax
Number |
Unavailable |
|
BEE
Status |
Unavailable |
|
Financial
Year End |
Unavailable |
|
No of years
in Business |
3 Years
4 Months |
|
Website |
Unavailable |
|
Comment |
|
Previous
Auditors Information - No Information on Record
|
Vat
Number |
4580246959 |
|
Status |
ACTIVE |
|
Vat
Liable Date |
2008/04/03 |
|
Tax
Number |
9255239171 |
|
Tax
Clearance Expire Date |
|
|
Financial
Year End |
February |
|
Comment |
|
Black
Economic Empowerment Information - No Information on Record
ISO
Information - No Information on Record
Work Mans Information
- No Information on Record
Subsidiaries
Information - No Information on Record
Employees
Information - No Information on Record
Company
Fleet Information - No Information on Record
|
Offices
Information |
No Information
on |
Record |
|
|
||
|
Branch
Information |
No
Information on |
Record |
Management
Overview
Organisation
Chart
|
Level |
Position |
Name |
Comment |
1 I Managing Member I GLENDYR COLLEEN BODILL
2 Member JEFFREY NEIL BODILL
Company
Structure (Ownership)
Note: One level up and all levels down
|
Holding |
Company |
Sub |
Comment |
|
50 % -
GLENDYR COLLEEN BODILL |
CORVARI
FOOTWEAR CC |
|
|
|
50 % -
JEFFREY NEIL BODILL |
CORVARI
FOOTWEAR CC |
|
|
Key Deals -
No Information on Record
Trade
References Information - No Information on Record
Adverse
Information on Subject
Judgements
- No information on record
BusinessRescue
- No Information on Record
Default
Listing - No information on record
Notarial
Bonds - No information on record
Bank Information - No Information on Record
Bank Code History - No Information on Record
Previous Bank Account Information - No Information on Record
Deeds Information - No information on record
Principals
|
Number of
Principals |
2 |
|
Average
Age of Active Principals |
60 |
|
Active
Principals Principal
- 1of 2 GLENDTYR BODILL |
|
|
Surname |
BODILL |
|
First
Name |
GLENDTYR |
|
Other
Names |
COLLEEN |
|
Marital
Status |
|
|
ID
Number |
5609150096082 |
|
Verified
ID Number |
Yes |
|
Current
Age |
56 Years
11 Months |
|
Designation |
Managing
Member |
|
Status |
Active |
|
Appointment
Date |
2008/04/03 |
|
Physical
Address (at time of Appointment) |
31
JOSEPH STREET, BYRNE VILLAGE, RICHMOND, 3780 |
|
Postal
Address |
P.O. BOX
1747, LINKHILLS, 3652 |
|
Current
Tel Number |
0332124751 |
|
Cell
number |
Unavailable |
|
Shareholding/Membership |
50 % |
Principal's
Adverse - No information on record
Business Information
forGLENDTYR BODILL Principal Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
CORVARI
FOOTWEAR CC |
B2008/071725/23 |
In
Business |
5 Years
5 Months |
0 |
No |
|
Principal's
Previous Business Interests - No information on record
Principal's
Deeds Information - No information on record
Principal
- 2of 2 JEFFREY BODILL
|
Surname |
BODILL |
|
First
Name |
JEFFREY |
|
Other
Names |
NEIL |
|
Marital
Status |
|
|
ID Number |
5005075084081 |
|
Verified
ID Number |
Yes |
|
Current
Age |
63 Years
3 Months |
|
Designation |
Member |
|
Status |
Active |
|
Appointment
Date |
2008/04/03 |
|
Physical
Address (at time of Appointment) |
31
JOSEPH STREET, BYRNE VILLAGE, RICHMOND, 3780 |
|
Postal
Address |
P.O. BOX
1747, LINKHILLS, 3652 |
|
Current
Tel Number |
0332124751 |
|
Cell
number |
0826933707 |
|
Shareholding/Membership |
50 % |
Principal's
Adverse - No information on record
Business Information
forJEFFREY BODILL Principal Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
CORVARI
FOOTWEAR CC |
B2008/071725/23 |
In
Business |
5 Years
5 Months |
0 |
No |
|
Principal's
Previous Business Interests - No information on record
Principal's
Deeds Information - No information on record
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.82 |
|
|
1 |
Rs.92.96 |
|
Euro |
1 |
Rs.80.73 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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.