|
Report Date : |
16.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
XCO
SPORT AND TEAMWEAR (PTY)LTD |
|
|
|
|
Registered Office : |
807
Park Street, Arcadia, Pretoria, 0130 |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
16.08.2005 |
|
|
|
|
Com. Reg. No.: |
M2005/028338/07 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Retail
trade in sports goods and entertainment requisites |
|
|
|
|
No. of Employees : |
Not Available |
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 (31.03.2011) |
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 Unemployment remains high and outdated infrastructure has constrained growth.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
|
Subject
Name |
XCO
SPORT AND TEAMWEAR (PTY)LTD |
|
Country |
South
Africa |
|
Subject
Contact Person |
MARIETTE
SPIES - ACCOUNTANT |
|
Assessment |
This
is an established business. On investigation contact was made with the
accountant MRS. MARIETTE SPIES who declined to assist with any information on
the subject. MRS. SPIES requested to know the name of the principal enquirer
and stated she would not divulge any information on the subject until the
principal enquirer is known. Please see the available information on the
subject below. |
|
Registered
Name |
XCO
SPORT AND TEAMWEAR (PTY)LTD |
|
Trading
as/ Division Name |
XCO
SPORT AND TEAMWEAR |
|
Previous
Name |
|
|
Date
of Name Change |
|
|
Registration
Number |
M2005/028338/07 |
|
Registration
Date |
2005/08/16 |
|
Date
Commenced Trading |
2005-08-16 |
|
Age
of Business |
7
Years 7 Months |
|
History
of Business |
The
subject was established as a new business in 2005. |
|
History
of Principals |
There
are currently 3 active directors within the company. |
|
Shareholders/Members/Partners
of subject and % holding |
Unavailable |
|
Authorised
Share Capital |
R1000.00 |
|
Issued
Share Capital/Members Contribution |
R
100.00 |
|
Status |
In
Business |
|
Operations
Assessment |
The
subject operates as a wholesaler of sporting gear. |
|
Industry/
Customers |
The
Goverment, Schools and sporting unions |
|
Export |
|
|
Major
Industry Code / SICC |
62393 |
|
Definition
of Code |
Retail
trade in sports goods and entertainment requisites |
|
Head
Office Physical Address |
807
Park Street, ARCADIA, PRETORIA, 0130 |
|
Head
Office Postal Address |
PO
Box 29620, SUNNYSIDE, 0132 |
|
Current
Tel Number |
0861926776 |
|
Cell
Number |
|
|
Current
Fax Number |
0123414126 |
|
Current
Email Address |
|
|
Web
Site Address |
|
|
Comments |
|
|
Company
Registered Name |
M.OOSTHUIZEN |
|
Trading
Name |
|
|
Registration
Number |
|
|
Physical
Address |
|
|
Postal
Address |
P.O.
BOX 2798, MONTANAPARK, 0159 |
|
Subject
Verified as Client |
|
|
Practice
Number |
952079 |
|
No
of years in Business |
4 |
Previous
Auditors
|
Company
Name |
Phone
Number |
Time
with previous auditors |
Comment |
|
M
E OOSTHUYSEN |
|
4 |
|
|
PRICEWATERCOOPERS
INCORPORATED |
|
Unknown |
|
|
G
T M CHARTERED ACCOUNTANTS AND AUDITORS |
|
Unknown |
|
|
MALHERBE
LOURENS |
|
Unknown |
|
|
Vat
Number |
4340225079 |
|
Status |
ACTIVE |
|
Vat
Liable Date |
2006/03/01 |
|
Tax
Number |
9332756155 |
|
Tax
Clearance Expire Date |
|
|
Financial
Year End |
December |
|
Comment |
|
|
Black
Economic Empowerment |
|
|
Status |
Yes |
|
Score |
4.00 |
|
Expire
Date |
|
|
BEE
Certificate Available |
No |
|
Comment |
|
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 |
Organisation
Chart
|
Level |
Position |
Name |
Comment |
|
|
|||
|
1 |
Director |
MANDLA
MAZIBUKO |
|
|
|
|||
|
1 |
Director |
HUGO
MAREE |
|
|
|
|||
|
1 |
Director |
MARTIN
FERREIRA |
|
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 |
3 |
|
Average
Age of Active Principals |
46 |
|
Active
Principals Principal - 1of 3 MANDLA MAZIBUKO |
|
|
Surname |
MAZIBUKO |
|
First
Name |
MANDLA |
|
Other
Names |
None |
|
Marital
Status |
Married |
|
ID
Number |
6012185785085 |
|
Verified
ID Number |
Yes |
|
Current
Age |
53 |
|
Designation |
BUSINESSMAN |
|
Status |
Active |
|
Appointment
Date |
2005/11/01 |
|
Physical
Address (at time of Appointment) |
62
GENERAL KEMP SHARONPARK, DUNNOTTAR, 2197 |
|
Postal
Address |
62
GENERAL KEMP DRIVE, SHARON PARK, SHARON PARK, DUNNOTTAR, 1496 |
|
Current
Tel Number |
0113552801 |
|
Cell
number |
0734329075 |
|
Shareholding/Membership |
0.0000 |
Principal's
Adverse - No information on record
Business
Information forMANDLA MAZIBUKO Principal Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
USSASA-FOOTBALL |
2004/018201/08 |
In
Business |
8
Years 8 Months |
0 |
No |
|
|
AFRICA
CUP OF NATIONS 2013 LOCAL ORGANISING COMMITTEE SOUTH AFRICA |
K2012/042682/08 |
In
Business |
1
Years |
0 |
No |
|
|
XCO
SPORT AND TEAMWEAR (PTY)LTD |
M2005/028338/07 |
In
Business |
7
Years 7 Months |
0 |
No |
|
|
FOOTBALL
DEVELOPMENT PROPERTY (PTY)LTD |
M2008/020965/07 |
In
Business |
4
Years 6 Months |
1 |
No |
|
Principal
Previous Business Interests
Average
Age of Previous Business I 12 Years
|
Company
Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
KUSHOMA
CONTRACTORS CC |
B2000/067472/23 |
Deregistration
Final |
12
Years 4 Months |
0 |
No |
|
|
Company
Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
KUSHOMA
CONTRACTORS CC |
B2000/067472/23 |
Deregistration
Final |
12
Years 4 Months |
0 |
No |
|
Principal's
Deeds Information - No information on record
Principal
- 2of 3
HUGO
MAREE
|
Surname |
MAREE |
|
First
Name |
HUGO |
|
Other
Names |
None |
|
Marital
Status |
Married |
|
ID
Number |
6012185785085 |
|
Verified
ID Number |
Yes |
|
Current
Age |
47 |
|
Designation |
BUSINESSMAN |
|
Status |
Active |
|
Appointment
Date |
2005/09/16 |
|
Physical
Address (at time of Appointment) |
778
NORMAN STREET, MONTANA PARK, PRETORIA, 0159 |
|
Postal
Address |
P
O BOX 1800, MONTANA PARK, MONTANA PARK, PRETORIA, 0159 |
|
Current
Tel Number |
0123414126 |
|
Cell
number |
0828012070 |
|
Shareholding/Membership |
0.0000 |
Principal's
Adverse - No information on record
Business
Information forHUGO MAREE
Principal
Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
MAREE
EN FERREIRA CC |
B1987/014651/23 |
In
Business |
25
Years 9 Months |
0 |
No |
|
|
PARKLAB
CC |
B2007/141204/23 |
In
Business |
5
Years 8 Months |
0 |
No |
|
|
MAIN
STREET 1041 (PTY)LTD |
K2012/140083/07 |
In
Business |
7
Months |
0 |
No |
|
|
SPORTORIA
(PTY)LTD |
M1992/002386/07 |
In
Business |
20
Years 11 Months |
0 |
No |
|
|
CRICKET
DIRECT (PTY)LTD |
M2003/012484/07 |
In
Business |
9
Years 9 Months |
0 |
No |
|
|
ALDABRI
205 (PTY)LTD |
M2004/015620/07 |
In
Business |
8
Years 9 Months |
0 |
No |
|
|
XCO
SPORT AND TEAMWEAR (PTY)LTD |
M2005/028338/07 |
In
Business |
7
Years 7 Months |
0 |
No |
|
|
TEAMWEAR
SOLUTIONS (PTY)LTD |
M2006/023836/07 |
In
Business |
6
Years 8 Months |
0 |
No |
|
Principal
Previous Business Interest
Average
Age of Previous Business I 11 Years
|
Company
Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
SPORTS
NET HOLDINGS (PTY)LTD |
M1997/014422/07 |
In
Business |
15
Years 7 Months |
0 |
No |
|
|
ACTION
APPAREL (PTY)LTD |
M2002/028574/07 |
In
Business |
10
Years 4 Months |
1 |
No |
|
|
SPORTORIA
EMBROIDERY AND SPORT (PTY)LTD |
M2003/012097/07 |
Deregistration
Final |
9
Years 10 Months |
0 |
No |
|
Principal's
Deeds Information - No information on record
Principal
- 3of 3
MARTIN
FERREIRA
|
Surname |
FERREIRA |
|
First
Name |
MARTIN |
|
Other
Names |
None |
|
Marital
Status |
Married |
|
ID
Number |
7403085175080 |
|
Verified
ID Number |
Yes |
|
Current
Age |
39 |
|
Designation |
BUSINESSMAN |
|
Status |
Active |
|
Appointment
Date |
2005/09/16 |
|
Physical
Address (at time of |
195
PREMIER AVENUE, WATERKLOOF, 0181 |
|
Appointment) |
|
|
Postal
Address |
P.O.
BOX 29620, SUNNYSIDE, 0132 |
|
Current
Tel Number |
0124200800 |
|
Cell
number |
0861426776 |
|
Shareholding/Membership |
0.0000 |
Principal's
Adverse - No information on record
Business
Information forMARTIN FERREIRA Principal Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
MAREE
EN FERREIRA CC |
B1987/014651/23 |
In
Business |
25
Years 9 Months |
0 |
No |
|
|
FIG-O-TORIUM
CC |
B1994/038079/23 |
In
Business |
18
Years 4 Months |
0 |
No |
|
|
PARKLAB
CC |
B2007/141204/23 |
In
Business |
5
Years 8 Months |
0 |
No |
|
|
ALDABRI
205 (PTY)LTD |
M2004/015620/07 |
In
Business |
8
Years 9 Months |
0 |
No |
|
|
XCO
SPORT AND TEAMWEAR (PTY)LTD |
M2005/028338/07 |
In
Business |
7
Years 7 Months |
0 |
No |
|
|
TEAMWEAR
SOLUTIONS (PTY)LTD |
M2006/023836/07 |
In
Business |
6
Years 8 Months |
0 |
No |
|
Principal
Previous Business Interest
Average
Age of Previous Business I 12 Years
|
Company
Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
SPORTS
NET HOLDINGS (PTY)LTD |
M1997/014422/07 |
In
Business |
15
Years 7 Months |
0 |
No |
|
|
ACTION
APPAREL (PTY)LTD |
M2002/028574/07 |
In
Business |
10
Years 4 Months |
1 |
No |
|
Principal's
Deeds Information - No information on record
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.16 |
|
|
1 |
Rs.81.74 |
|
Euro |
1 |
Rs.70.50 |
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.