MIRA
INFORM REPORT
|
Report Date : |
20.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
K AND T SPORTS S A CC |
|
|
|
|
Registered Office : |
Cnr Jurg And Tobie
Streets, Hennopspark, 0157 |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
23.11.1995 |
|
|
|
|
Com. Reg. No.: |
B1995/050673/23 |
|
|
|
|
Legal Form : |
Close Corporation |
|
|
|
|
Line of Business : |
Manufacturers, Importers
& Exporters Of Top Quality Sports Goods. |
|
|
|
|
No. of Employees : |
17 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
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; 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 Unemployment remains high and outdated infrastructure has constrained growth.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 |
K
AND T SPORTS S A CC |
|
Country |
South
Africa |
|
Enquiry
Terms |
COD |
|
Account
Review |
Recommended
Every 6 Months |
|
Subject
Contact Person |
MARGRET
WRIGHT - 0126530264 |
|
Assessment |
This is a well established
business. On investigation contact was made with MARGRET WRIGHT the financial
manager who assisted with the company information. The subject deals on a COD
basis with suppliers. We are awaiting a bank code. The subject's financial
information is deemed confidential. Please see the available information on
the subject below. |
Company information
|
Registered
Name |
K
AND T SPORTS S A CC |
|
Trading
as/ Division Name |
None |
|
Previous
Name |
None |
|
Date
of Name Change |
|
|
Registration
Number |
B1995/050673/23 |
|
Registration
Date |
1995/11/23 |
|
Date
Commenced Trading |
1995-11-23 |
|
Age
of Business |
17
Years 3 Months |
|
History
of Business |
The
subject was established as a new business in 1995 and operations commenced immediately. |
|
History
of Principals |
|
|
Shareholders/Members/Partners
of subject and % holding |
100%
- PETER WRIGHT |
|
Authorised
Share Capital |
R1000.00 |
|
Issued
Share Capital/Members Contribution |
R
100.00 |
|
Status |
In
Business |
|
Operations
Assessment |
Manufacturers, Importers & Exporters Of Top
Quality Sports Goods. |
|
Industry/
Customers |
Public sector as well as corporate businesses,
wholesale retail outlets and specialized sport retail outlets. |
|
Export |
Yes |
|
Export
Countries |
India |
|
Import |
|
|
Import
Countries |
|
|
Major
Industry Code / SICC |
39230 |
|
Definition
of Code |
Manufacture
of sports goods |
|
Head
Office Physical Address |
CNR
JURG AND TOBIE STREETS, HENNOPSPARK, 0157 |
|
Head
Office Postal Address |
P
0 BOX 11521, WIERDA PARK SOUTH, 0057 |
|
Current
Tel Number |
0126530264 |
|
Cell
Number |
0824545452 |
|
Current
Fax Number |
0126534086 |
|
Current
Email Address |
|
|
Web
Site Address |
|
|
Comments |
The
website of the company is used as a blog feedback site, an official website
is currently under construction. |
Auditors information
|
Company
Registered Name |
MARCHBANK
AND ASSOCIATES |
|
Trading
Name |
|
|
Registration
Number |
|
|
Physical
Address |
|
|
Postal
Address |
PO
BOX 553, MONDEOR, 2110 |
|
Contact
Person |
0824670969 |
|
Contact
Number |
MELAINE
AAARCHBANK |
|
Email |
|
|
Principals |
|
|
Judgements
Against Subject |
None |
|
Judgements
Against Principals |
None |
|
Subject
Verified as Client |
Yes |
|
Practice
Number |
08099583 |
|
VAT
Number |
|
|
Tax
Number |
|
|
BEE
Status |
|
|
Financial
Year End |
|
|
No
of years in Business |
2 |
|
Website |
|
|
Comment |
Awaiting
further information from auditors. |
Previous Auditors
|
Company
Name |
Phone Number |
Time
with previous auditors |
Comment |
|
SEYMOOR
AND TEBBUTT |
|
Unknown |
|
Tax information
|
Vat
Number |
4670181199 |
|
Status |
ACTIVE |
|
Vat
Liable Date |
1999/03/01 |
|
Tax
Number |
9421320640 |
|
Tax
Clearance Expire Date |
|
|
Financial
Year End |
February |
|
Comment |
|
Black Economic
Empowerment
|
Status |
No |
|
Score |
|
|
Expire
Date |
|
|
BEE
Certificate Available |
|
|
Comment |
The
subject is not BEE certified. |
ISO Status
|
Type
of ISO Grade |
|
|
ISO
Certificate |
Yes |
|
ISO
Certificate Available |
No |
|
Certified
by an Accredited Agent |
Yes |
|
Comment |
The
subject is ISO compliant, however further information was not made available. |
Work Mans Information - No
Information on Record
Company Structure
Subsidiaries Information -
No Information on Record
|
Employees |
|
|
Number
of Employees |
17 |
|
1.
Salaried employees |
17 |
|
2.
Waged employees |
|
|
3.
Permanent employees |
17 |
|
4.
Casual employees |
|
|
5.
Contracted employees |
|
|
Comment |
|
Company Fleet Information -
No Information on Record
|
Offices |
Offices |
|
Head
Office Owned/ Rented |
Leased |
|
Rental
Company |
JET
PARK |
|
Owned
by |
|
|
Value |
|
|
Bond |
|
|
Bank |
|
|
Lease
Agreement |
5
YEARS |
|
Lease
Expire Date |
|
|
Type
of Premises |
WAREHOUSE |
|
Comment |
|
Branch Information - No Information
on Record
Management Overview
Organisation Chart
|
Level |
Position |
Name |
Comment |
|
|
|||
|
1 |
MEMBER |
PETER
WRIGHT |
|
Company Structure (Ownership)
Note: One level up and all levels down
|
Holding |
Company |
Sub |
Comment |
|
100%
- PETER WRIGHT |
K AND C SPORTS SA CC |
|
|
Key Deals - No Information
on Record
Trade References
|
Trade Reference nr |
Supplier |
Contact |
Surety
Value |
Notarial Bonds |
Comment |
|
1 |
MOTION |
0113461425 |
|
|
|
|
2 |
CAPTIVITY |
0116083014 |
|
|
|
|
3 |
AS TEXTILE |
0118389476 |
|
|
|
|
4 |
PROTEA LEATHER |
0329442152 |
|
|
|
|
Trade Reference nr |
Supplier |
Contact |
Surety Value |
Notarial Bonds |
Comment |
|
1 |
MOTION |
0113461425 |
|
|
|
|
2 |
CAPTIVITY |
0116083014 |
|
|
|
|
3 |
AS TEXTILE |
0118389476 |
|
|
|
|
4 |
PROTEA LEATHER |
0329442152 |
|
|
|
Trade References Detail
|
Nr |
Age
of Acc |
Credit
Limit |
Max
Credit |
Terms |
Average Purchases |
Terms
Taken |
Comment |
|
1 |
10 Years |
|
|
COD |
|
COD |
Good - All figures are
deemed confideltial |
|
2 |
7 Years |
|
|
COD |
|
COD |
The figures are deemed
confidential. This is a good account. |
|
3 |
10 Years |
|
|
COD |
|
COD |
This is a good account -
The subject operates on a cash on delivery
basis. |
|
4 |
8 Years |
|
R10000 |
COD |
R10000 |
COD |
Very good account |
|
Nr |
Age
of Acc |
Credit
Limit |
Max
Credit |
Terms |
Average Purchases |
Terms
Taken |
Comment |
|
1 |
10 Years |
|
|
COD |
|
COD |
Good - All figures are deemed
confideltial |
|
2 |
7 Years |
|
|
COD |
|
COD |
The figures are deemed
confidential. This is a good account. |
|
3 |
10 Years |
|
|
COD |
|
COD |
This is a good account -
The subject operates on a cash on
delivery basis. |
|
4 |
8 Years |
|
R10000 |
COD |
R10000 |
COD |
Very good account |
Adverse Information on
Subject
Bank Information
|
Bank |
NEDBANK |
|
Branch |
PRETORIA MITCHELL STREET |
|
Brach Code |
198765 |
|
Bank Account Number |
1651288062 |
|
Type of Account |
CURRENT |
|
Account Name |
K AND T SPORTS SA CC |
|
Overdraft Facilities |
No |
|
Bank Code |
|
|
Bank Comment |
|
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 |
1 |
|
Average Age of Active
Principals |
40 |
|
Active Principals Principal - 1of 1 PETER WRIGHT |
|
|
Surname |
WRIGHT |
|
First Name |
PETER |
|
Other Names |
|
|
Marital Status |
Married |
|
ID Number |
7310285016081 |
|
Verified ID Number |
Yes |
|
Current Age |
40 |
|
Designation |
Member |
|
Status |
Active |
|
Appointment Date |
1995/11/23 |
|
Physical
Address (at time of Appointment) |
36 LAKE DRIVE, MIDFIELD
ESTATE, GAUTENG, 1692 |
|
Postal Address |
P 0 BOX 19848, PRETORIA
WEST, PRETORIA, GAUTENG, 0117 |
|
Current Tel Number |
0126530264 |
|
Cell number |
0824545452 |
|
Shareholding/Membership |
100% |
Principal's Adverse - No
information on record
Business Information forPETER
WRIGHT
Principal Current Business
Interests
|
Company Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
K
AND T SPORTS S A CC |
B1995/050673/23 |
In
Business |
18 Years 6 Months |
0 |
No |
|
|
THE HOCKEY SPOT CC |
B2011/020387/23 |
In
Business |
2
Years 2 Months |
0 |
No |
|
|
AAALIK SPORTS SA (PTY)
LTD |
K2012/040439/07 |
In
Business |
1
Years 1 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.54.28 |
|
|
1 |
Rs.84.09 |
|
Euro |
1 |
Rs.72.44 |
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.