|
Report Date : |
26.08.2013 |
IDENTIFICATION DETAILS
|
Name : |
1214
KIRKLAND TEXTILES (PTY)LTD |
|
|
|
|
Registered Office : |
Church
street off Kirkland Street, Newcastle, 2940 |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
16.05.1988 |
|
|
|
|
Com. Reg. No.: |
M1988/002766/07 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Not Available |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
Payment Behaviour : |
Unknown |
|
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. 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 |
1214
KIRKLAND TEXTILES(PTY)LTD |
|
Country |
SOUTH
AFRICA |
|
Subject
Contact Person |
CHEREASE
GROBLER - Bookkeeper |
|
Assessment |
On investigation
contact was made with CHEREASE GROBLER the bookkeeper who declined to assist
with all of the information, due to most of the information required being
confidential. She requested to know the name of the principal enquirer before
any information may be divulged. Please see the available information on the
subject below. |
|
Registered
Name |
1214
KIRKLAND TEXTILES (PTY)LTD |
|
Trading
as/ Division Name |
1214
KIRKLAND TEXTILES |
|
Previous
Name |
None |
|
Date of Name
Change |
None |
|
Registration
Number |
M1988/002766/07 |
|
Registration
Date |
1988/05/16 |
|
Date
Commenced Trading |
1988-05-16 |
|
Age of
Business |
25 Years
3 Months |
|
History
of Business |
1214 KIRKLAND
TEXTILES (PTY)LTD commenced trading as a new business in 1988. |
|
History
of Principals |
There is
currently 1 active director within the company |
|
Shareholders/Members/Partners
of subject and % holding |
Unavailable |
|
Authorised
Share Capital |
R 0.00 |
|
Issued
Share Capital/Members Contribution |
R 0.00 |
|
Status |
In
Business |
|
Operations
Assessment |
Unavailable |
|
Industry/
Customers |
Unavailable |
|
Export |
Unknown |
|
Export
Countries |
|
|
Import |
Unknown |
|
Import
Countries |
|
|
Major
Industry Code / SICC |
9000 |
|
Definition
of Code |
Other
activities not adequately defined. |
|
Head
Office Physical Address |
Church
street off Kirkland Street, NEWCASTLE, 2940 |
|
Head
Office Postal Address |
PO Box
1540, NEWCASTLE, 2940 |
|
Current Tel
Number |
0343121927 |
|
Cell
Number |
Unavailable |
|
Current
Fax Number |
0343121920 |
|
Current
Email Address |
|
|
Web Site
Address |
Unavailable |
|
Company
Registered Name |
VOS STEYN
VAN ZYL |
|
Trading
Name |
None |
|
Registration
Number |
M1999/004106/21 |
|
Physical
Address |
57 Kerk
Street, ERMELO, 2351 |
|
Postal
Address |
PRIVAATSAK
X9061, ERMELO, 2350 |
|
Contact
Person |
KARMEN |
|
Contact
Number |
0178197432 |
|
Email |
|
|
Principals |
6 |
|
Judgements
Against Subject |
None On
Record |
|
Judgements
Against Principals |
None On
Record |
|
Subject
Verified as Client |
Yes |
|
Practice
Number |
Unavailable |
|
VAT
Number |
Unavailable |
|
Tax
Number |
9017031676 |
|
BEE
Status |
Unavailable |
|
Financial
Year End |
August |
|
No of
years in Business |
14 Years |
|
Website |
|
|
Comment |
|
Previous
Auditors
|
Company
Name |
Phone
Number |
Time
with previous auditors |
Comment |
|
VOS
STEYN VAM ZYL INCORPORATED |
|
6 Years
3 Months |
|
Tax
Information - No Information on Record 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
Organisational
Chart – No information on Record
Company
Structure Information - No Information on Record
Note: One
level up and all levels down
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 |
62 |
|
Active
Principals Principal - 1of 1 CHIH-JEN TSENG |
|
|
Surname |
TSENG |
|
First
Name |
CHIH-JEN |
|
Other
Names |
None |
|
Marital Status |
|
|
ID
Number |
5101045685089 |
|
Verified
ID Number |
Yes |
|
Current
Age |
62 Years
7 Months |
|
Designation |
Director |
|
Status |
Active |
|
Appointment
Date |
1992/08/28 |
|
Physical
Address (at time of Appointment) |
20 ALBATROS
AVENUE, NEWCASTLE, 2940 |
|
Postal
Address |
P O BOX
1546, NEWCASTLE, 2940 |
|
Current
Tel Number |
0343121929 |
|
Cell
number |
0828936538 |
|
Shareholding/Membership |
0.00 |
Principal's
Adverse - No information on record
Business
Information forCHIH-JEN TSENG
Principal
Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
1214
KIRKLAND TEXTILES (PTY)LTD |
M1988/002766/07 |
In
Business |
25 Years
1 Months |
0 |
No |
|
|
JENDA''S
TEXTILES (PTY)LTD |
M1989/002143/07 |
In
Business |
0 |
0 |
No |
|
|
MEIWAN
TEXTILES (PTY)LTD |
M1997/013879/07 |
In
Business |
16 Years
4 Months |
0 |
No |
|
Principal
Previous Business Interests
Average Age
of Previous Business 19 Years
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
NAWEI
TEXTILES (PTY)LTD |
M1994/009454/07 |
Deregistration
Final |
19 Years
7 Months |
0 |
No |
|
Principal's
Deeds Information - No information on record
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.69 |
|
|
1 |
Rs.100.79 |
|
Euro |
1 |
Rs.86.30 |
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.