|
Report Date : |
22.03.2013 |
|
|
|
IDENTIFICATION DETAILS
|
Name : |
TFG APPAREL SUPPLY COMPANY (PTY)LTD |
|
|
|
|
Registered Office : |
Stanley Lewis Centre, 340 Voortrekker Road, Parow East, 7500 |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
30.12.1982 |
|
|
|
|
Com. Reg. No.: |
M1982/011894/07 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Manufacturer of clothing and footwear. |
|
|
|
|
No. of Employees : |
15000 |
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 : |
Usually Correct |
|
|
|
|
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 Unemployment remains high and outdated infrastructure has constrained growth.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 |
|
Subject Name |
TFG APPAREL SUPPLY COMPANY (PTY)LTD |
|
Country |
South Africa |
|
Subject Contact Person |
MRS. DEE SHEARD |
|
Assessment |
This is a well-established and well -connected business. On investigation contact was made with the director MRS. DEE SHEARD who assisted with most of the information. MRS. SHEARD requested the questionnaire before she may supply the banking information. On following up on the questionnaire, MRS. SHEARD requested more time to complete the information. Trade References were declined due to the information being confidential. The companies group financials is attached. Please see the available information on the subject below. |
|
Registered Name |
TFG APPAREL SUPPLY COMPANY (PTY)LTD |
|
Trading as/ Division Name |
TFG APPAREL |
|
Previous Name |
Unavailable |
|
Date of Name Change |
Dec 30 1982 12:00AM |
|
Registration Number |
M1982/011894/07 |
|
Registration Date |
1982/12/30 |
|
Date Commenced Trading |
1982-12-30 |
|
Age of Business |
30 Years 3 Months |
|
History of Business |
The company was established as a new business in 1982 and operations
commenced immediately. The subject underwent a name change in December 1982. |
|
History of Principals |
There are 2 active directors within the company. |
|
Shareholders/Members/Partners of subject and % holding |
100 % - THE FOSCHINI GROUP LTD |
|
Authorised Share Capital |
R0.00 |
|
Issued Share Capital/Members Contribution |
R0.00 |
|
Status |
In Business |
|
Operations Assessment |
Manufacture of clothing and footwear. |
|
Industry/ Customers |
The Public industry and Corporate businesses. |
|
Export |
Yes |
|
Major Industry Code / SICC |
31292 |
|
Definition of Code |
FASHION CLOTHING,TEXTILESAND FOOTWEAR MANUFACTURE AND DESIGN |
|
Head Office Physical Address |
STANLEY LEWIS CENTRE, 340 VOORTREKKER ROAD, PAROW EAST, 7500 |
|
Head Office Postal Address |
P O BOX 6020, PAROW EAST, 7501 |
|
Current Tel Number |
0219381911 |
|
Current Fax Number |
0219374257 |
|
Current Email Address |
|
Company Registered Name |
KPMG INC |
|
Trading Name |
KPMG |
|
Registration Number |
1999/021543/21 |
|
Physical Address |
MSC House, 1 Mediterranean Street, Foreshore, Cape Town, 8001 |
|
Postal Address |
PO Box 4609, Cape Town, 8000 |
|
Contact Person |
HENDRY |
|
Contact Number |
0214087000 |
|
Judgements Against Subject |
None |
|
Judgements Against Principals |
None |
|
Subject Verified as Client |
Yes |
|
Practice Number |
922234E |
|
VAT Number |
4530188665 |
|
Tax Number |
9559555843 |
|
BEE Status |
Level 2 |
|
Financial Year End |
June |
|
No of years in Business |
20 |
|
Website |
Previous Auditors
|
Company Name |
Phone Number |
Time with previous auditors |
Comment |
|
ARTHUR ANDERSON AND COMPANY |
|
20 |
|
|
Vat Number |
4640254092 |
|
Status |
ACTIVE |
|
Vat Liable Date |
2009/12/01 |
|
Tax Number |
9810759036 |
|
Tax Clearance Expire Date |
|
|
Financial Year End |
March |
|
Black Economic Empowerment |
|
|
Status |
Yes |
|
Score |
4.00 |
|
Expire Date |
Nov 29 2013 |
|
BEE Certificate Available |
Yes |
|
|
|
|
ISO Information -
No Information on Record |
|
|
Workman's
compensation |
|
|
Registered |
Yes |
|
Compliance Certified |
Yes |
Subsidiaries Information - No Information on Record
|
Employees |
|
|
Number of Employees |
15000 |
|
1. Salaried employees |
|
|
2. Waged employees |
|
|
3. Permanent employees |
15000 |
|
4. Casual employees |
|
|
5. Contracted employees |
|
|
Comment |
The subject has 15 000 employees some of which are salaried and some
waged. |
Company Fleet Information - No Information on Record
|
Offices |
Offices |
|
Head Office Owned/ Rented |
Leased |
|
Rental Company |
Undisclosed |
|
Lease Agreement |
Undisclosed |
|
Type of Premises |
Offices |
Branch Information - No Information on Record
Organisation Chart
|
Level |
Position |
Name |
Comment |
|
|
|||
|
1 |
Director |
DEE SHEARD |
|
|
|
|||
|
1 |
Director |
ALEXANDER MURRAY |
|
Company Structure (Ownership)
Note: One level up and all levels down
|
Holding |
Company |
Sub |
Comment |
|
100 % - THE
FOSCHINI GROUP LTD |
TFG APPAREL SUPPLY COMPANY (PTY) LTD |
|
|
Key Deals - No Information on Record
|
Trade Reference nr |
Supplier |
Contact |
Surety Value |
Notarial Bonds |
Comment |
|
1 |
|
|
|
|
The subject
considers all dealings with their suppliers confidential. |
Trade References Detail
|
Nr |
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
|
1 |
|
|
|
|
|
|
|
Adverse
Information on Subject
Judgements - No information on record
Business Rescue - No Information on Record
Default Listing - No information on record
Notarial Bonds - No information on record
|
Bank |
FIRST NATIONAL BANK |
|
Brach Code |
250655 |
Bank Code History - No Information on Record
Previous Bank Account Information - No Information on
Record
Deeds Information - No information on record
|
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 |
|
Number of Principals |
2 |
|
Average Age of Active Principals |
48 |
|
Active
Principals Principal - 1of 2 DEE SHEARD |
|
|
Surname |
SHEARD |
|
First Name |
DEE |
|
Other Names |
None |
|
Marital Status |
Married |
|
ID Number |
7307150145086 |
|
Verified ID Number |
Yes |
|
Current Age |
40 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2007/02/15 |
|
Physical Address (at time of Appointment) |
3 BAX STREET, DE ZALZE WINE LANDS ESTATE, STELLENBOSCH, 7600 |
|
Postal Address |
P 0 BOX 6020, PAROW EAST, PAROW, Western Cape, 7501 |
|
Current Tel Number |
0219132612 |
|
Cell number |
0836564083 |
|
Shareholding/Membership |
0.0000 |
Principal's Adverse -
No information on record
Business Information for DEE SHEARD
Principal Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
RELAY JEANS LTD |
1937/009137/06 |
In Business |
76 Years 2 Months |
0 |
No |
|
|
FOSCHINI PROPERTY HOLDINGS LTD |
1946/022378/06 |
In Business |
66 Years 8 Months |
0 |
No |
|
|
THE FOSCHINI GROUP LTD |
M1937/009504/06 |
In Business |
75 Years 11 Months |
0 |
No |
|
|
WHAT U WANT TO WEAR (PTY)LTD |
M1938/010893/07 |
In Business |
75 Years |
0 |
No |
|
|
TROJAN ENTERPRISES (PTY) LTD |
M1964/008479/07 |
Deregistration Process |
48 Years 5 Months |
0 |
No |
|
|
FOSCHINIDATA (PTY) LTD |
M1967/005574/07 |
In Business |
45 Years 10 Months |
0 |
No |
|
|
PAGES STORES (PTY) LTD |
M1968/003249/07 |
In Business |
45 Years |
0 |
No |
|
|
RCS PERSONAL FINANCE (PTY)LTD |
M1968/008240/07 |
In Business |
44 Years 8 Months |
0 |
No |
|
|
FOSCHINI FINANCE (PTY) LTD |
M1969/002927/07 |
In Business |
44 Years 1 Months |
0 |
No |
|
|
EXACT (PTY)LTD |
M1969/009855/07 |
In Business |
43 Years 9 Months |
0 |
No |
|
|
SPORT SCENE (PTY) LTD |
M1980/011694/07 |
In Business |
32 Years 3 Months |
0 |
No |
|
|
FOSCHINI STORES (PTY) LTD |
M1982/011893/07 |
In Business |
30 Years 3 Months |
0 |
No |
|
|
TFG APPAREL SUPPLY COMPANY (PTY) LTD |
M1982/011894/07 |
In Business |
30 Years 3 Months |
0 |
No |
|
|
MARKHAMS (PTY) LTD |
M1982/011897/07 |
In Business |
30 Years 3 Months |
0 |
No |
|
|
AMERICAN SWISS JEWELLERS (PTY) LTD |
M1982/011899/07 |
In Business |
30 Years 3 Months |
0 |
No |
|
|
STERNS JEWELLERS (PTY) LTD |
M1987/003734/07 |
In Business |
25 Years 7 Months |
0 |
No |
|
|
FOSCHINI PROPERTY (DURBAN)SHARE BLOCK (PTY)LTD |
M1988/004337/07 |
In Business |
24 Years 8 Months |
0 |
No |
|
|
FOSCHINI RETAIL GROUP (PTY)LTD |
M1988/007302/07 |
In Business |
24 Years 3 Months |
0 |
No |
|
|
FOSCHINI
SERVICES (PTY) LTD |
M1999/028264/07 |
In Business |
13 Years 3 Months |
0 |
No |
|
|
TOTALSPORTS (PTY) LTD |
M1999/028265/07 |
In Business |
13 Years 3 Months |
0 |
No |
|
|
RCS INVESTMENT HOLDINGS (PTY) LTD |
M2000/017884/07 |
In Business |
12 Years 7 Months |
0 |
No |
|
|
FOSCHINI AT HOME
(PTY) LTD |
M2000/017888/07 |
In Business |
12 Years 7 Months |
0 |
No |
|
|
RCS CARDS (PTY) LTD |
M2000/017891/07 |
In Business |
12 Years 7 Months |
0 |
No |
|
|
SIMPLY FINANCE (PTY) LTD |
M2001/021513/07 |
Deregistration Process |
11 Years 6 Months |
0 |
No |
|
|
PRESTIGE CLOTHING (PTY) LTD |
M2002/022233/07 |
In Business |
10 Years 6 Months |
0 |
No |
|
Principal Previous Business Interests
Average Age of Previous Business 23 Years
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
BRANSBY TRADING (PTY) LTD |
M1988/060278/07 |
Deregistration Final |
24 Years 4 Months |
0 |
No |
|
|
IDUTYWA
OUTFITTERS (PTY) LTD |
M1989/060189/07 |
Deregistration Final |
23 Years 8 Months |
0 |
No |
|
Principal's Deeds
Information - No information on record
|
Principal - 2of
2 ALEXANDER MURRAY |
|
|
Surname |
MURRAY |
|
First Name |
ALEXANDER |
|
Other Names |
None |
|
Marital Status |
Married |
|
ID Number |
5703305223087 |
|
Verified ID Number |
Yes |
|
Current Age |
56 |
|
Designation |
RETAILER |
|
Status |
Active |
|
Appointment Date |
1998/02/05 |
|
Physical Address (at time of Appointment) |
7 RAVINE ROAD, BANTRY BAY, CAPE
TOWN, CAPE TOWN, 8005 |
|
Postal Address |
PO BOX 6020, PAROW EAST, 7501 |
|
Current Tel Number |
0219381774 |
|
Cell number |
0825657000 |
|
Shareholding/Membership |
0.0000 |
Principal's Adverse -
No information on record
Business Information
for ALEXANDER MURRAY
Principal Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
RELAY JEANS LTD |
1937/009137/06 |
In Business |
76 Years 2 Months |
0 |
No |
|
|
FOSCHINI PROPERTY HOLDINGS LTD |
1946/022378/06 |
In Business |
66 Years 8 Months |
0 |
No |
|
|
RETAIL CREDIT SOLUTIONS (PTY) LTD |
M1933/004374/07 |
In Business |
80 Years 1 Months |
0 |
No |
|
|
THE FOSCHINI GROUP LTD |
M1937/009504/06 |
In Business |
75 Years 11 Months |
0 |
No |
|
|
WHAT U WANT TO WEAR (PTY)LTD |
M1938/010893/07 |
In Business |
75 Years |
0 |
No |
|
|
TROJAN ENTERPRISES (PTY) LTD |
M1964/008479/07 |
Deregistration Process |
48 Years 5 Months |
0 |
No |
|
|
FOSCHINIDATA (PTY) LTD |
M1967/005574/07 |
In Business |
45 Years 10 Months |
0 |
No |
|
|
PAGES STORES (PTY) LTD |
M1968/003249/07 |
In Business |
45 Years |
0 |
No |
|
|
RCS PERSONAL FINANCE (PTY)LTD |
M1968/008240/07 |
In Business |
44 Years 8 Months |
0 |
No |
|
|
FOSCHINI FINANCE (PTY) LTD |
M1969/002927/07 |
In Business |
44 Years 1 Months |
0 |
No |
|
|
EXACT (PTY)LTD |
M1969/009855/07 |
In Business |
43 Years 9 Months |
0 |
No |
|
|
SPORT SCENE (PTY) LTD |
M1980/011694/07 |
In Business |
32 Years 3 Months |
0 |
No |
|
|
FOSCHINI STORES (PTY) LTD |
M1982/011893/07 |
In Business |
30 Years 3 Months |
0 |
No |
|
|
TFG APPAREL SUPPLY COMPANY (PTY) LTD |
M1982/011894/07 |
In Business |
30 Years 3 Months |
0 |
No |
|
|
MARKHAMS (PTY) LTD |
M1982/011897/07 |
In Business |
30 Years 3 Months |
0 |
No |
|
|
AMERICAN SWISS JEWELLERS (PTY) LTD |
M1982/011899/07 |
In Business |
30 Years 3 Months |
0 |
No |
|
|
STERNS JEWELLERS (PTY) LTD |
M1987/003734/07 |
In Business |
25 Years 7 Months |
0 |
No |
|
|
FOSCHINI PROPERTY (DURBAN)SHARE BLOCK (PTY)LTD |
M1988/004337/07 |
In Business |
24 Years 8 Months |
0 |
No |
|
|
FOSCHINI RETAIL GROUP (PTY)LTD |
M1988/007302/07 |
In Business |
24 Years 3 Months |
0 |
No |
|
|
FOSCHINI
SERVICES (PTY) LTD |
M1999/028264/07 |
In Business |
13 Years 3 Months |
0 |
No |
|
|
TOTALSPORTS (PTY) LTD |
M1999/028265/07 |
In Business |
13 Years 3 Months |
0 |
No |
|
|
RCS INVESTMENT HOLDINGS (PTY) LTD |
M2000/017884/07 |
In Business |
12 Years 7 Months |
0 |
No |
|
|
FOSCHINI AT HOME
(PTY) LTD |
M2000/017888/07 |
In Business |
12 Years 7 Months |
0 |
No |
|
|
RCS CARDS (PTY) LTD |
M2000/017891/07 |
In Business |
12 Years 7 Months |
0 |
No |
|
|
PRESTIGE CLOTHING (PTY) LTD |
M2002/022233/07 |
In Business |
10 Years 6 Months |
0 |
No |
|
Principal Previous Business Interests
Average Age of Previous Business 16 Years
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
BRANSBY TRADING (PTY) LTD |
M1988/060278/07 |
Deregistration Final |
24 Years 4 Months |
0 |
No |
|
|
IDUTYWA OUTFITTERS (PTY) LTD |
M1989/060189/07 |
Deregistration Final |
23 Years 8 Months |
0 |
No |
|
|
TREBLE SPORTS (PTY) LTD |
M1999/028263/07 |
Conversion CO/CC orCC/CO |
13 Years 3 Months |
0 |
No |
|
|
UMDLALO FASHION (PTY) LTD |
M1999/028267/07 |
In Business |
13 Years 3 Months |
0 |
No |
|
|
OUTADEBT (PTY)LTD |
M2004/028906/07 |
In Business |
8 Years 5 Months |
0 |
No |
|
Principal's Deeds Information - No information on record
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.28 |
|
UK Pound |
1 |
Rs.82.06 |
|
Euro |
1 |
Rs.70.23 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.