MIRA INFORM REPORT

 

 

Report Date :

13.09.2013

 

IDENTIFICATION DETAILS

 

Name :

WOOLWORTHS (PTY)LTD

 

 

Formerly Known As :

WOOLWORTHS INTERNATIONAL SA

 

 

Registered Office :

Woolworths House, 93 Longmarket Street, Cape Town, 8001

 

 

Country :

South Africa

 

 

Date of Incorporation :

02.03.1956

 

 

Com. Reg. No.:

M1956/000518/07

 

 

Legal Form :

Private Company

 

 

Line of Business :

Wholesale trade in textiles, clothing and footwear

 

 

No. of Employees :

20000

 

RATING & COMMENTS

 

MIRA’s Rating :

A

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Good

Payment Behaviour :

No Complaints

Litigation :

--

 

 

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 Unemployment remains high and outdated infrastructure has constrained growth.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


Summary

 

Subject Name

WOOLWORTHS (PTY)LTD

Country

South Africa

Subject Contact Person

ALISON DAVIES - Assistant Company Secretary

Assessment

This is a well-established and well -connected business. On investigation contact was made with ALISON DAVIES who assisted with the information. ALISON DAVIES has stated that theres no restructural changes since January 2013. The business has been in operation for more than 56 years. Commitments are being met timeoulsy with suppliers. The highest credit limit exposure is R 7 000 000 over a period of 7 days. A bank code could not be obtained as the bank account number is deemed confidential. Please find the financials for the subject attached. Please see the information obtained below.

 

 

Company Information

 

Registered Name

WOOLWORTHS (PTY)LTD

Trading as/ Division Name

None

Previous Name

WOOLWORTHS INTERNATIONAL SA

Date of Name Change

Jul  6 1993 12:00AM

Registration Number

M1956/000518/07

Registration Date

1956/03/02

Date Commenced Trading

March 1956

Age of Business

56 Years 6 Months

History of Business

WOOLWORTHS (PTY)LTD was initially established in 1931 in Cape Town by Max Sonnenberg and his son Richard Sonnenberg

History of Principals

IAN MOIR joined the board in January 2010 and was laterappointed in November 2010 as the Group Chief Executive.ZYDA RYLANDS joined the company in 1996, worked in the finance department and was appointed to  the board in 2006.RALPH BUDDLE operates as the Group Finance Executive.NORMAN THOMSON joined the board in 1991 and was appointed as the Group finance director in 2002

Shareholders/Members/Partners of subject and % holding

Woolworths Holdings LTD

100%(1929/001986/06)Woolworths Holdings Ltd is a South African retail group listed on the JSE Ltd

Authorised Share Capital

R 0.00

Issued Share Capital/Members Contribution

R 0.00

Status

In Business

Operations Assessment

The company operates as a retailer of Clothing, footwear, bedding, furniture, groceries, beauty products, and housewares under its own brand

Industry/ Customers

Public

Export

Yes

Export Countries

Import

Import Countries

Major Industry Code / SICC

61310

Definition of Code

Wholesale trade in textiles, clothing and footwear

 

Head Office Physical Address

WOOLWORTHS HOUSE, 93 LONGMARKET STREET, CAPE TOWN, 8001

Head Office Postal Address

P O BOX 680, CAPE TOWN, 8000

Current Tel Number

021 4079111

Cell Number

Unavailable

Current Fax Number

021 4073924

Current Email Address

thobekasishuba-mashego@woolworths.co.za

Web Site Address

www.woolworths.co.za/www.woolworthsholdings.co. za

Comments

THOBEKA SISHUBA-MASHEGO was appointed as the new company secreatry effective 1 February 2012

 

 

Auditors Information

 

Company Registered Name

ERNST AND YOUNG CAPE TOWN INC

Trading Name

ERNST & YOUNG

Registration Number

2005/002308/21

Physical Address

35 Lower Long StreetCAPE TOWNWESTERN CAPE

Postal Address

P O Box 656 CAPE TOWN8000

Contact Person

N Khan

Contact Number

021 4430200

Email

nadeema.khan@za.ey.com

Principals

27

Judgements Against Subject

No Information found on file

Judgements Against Principals

No Information found on file

Subject Verified as Client

Yes

Practice Number

918288

VAT Number

4280230949

Tax Number

9414606153

BEE Status

Level 2

Financial Year End

June

No of years in Business

23

Website

www.ey.com

Comment

 

 

Previous Auditors Information - No Information on Record

 

Tax Information

 

Vat Number

4550102216

Status

ACTIVE

Vat Liable Date

1991/09/30

Tax Number

9487806714

Tax Clearance Expire Date

 

Financial Year End

June

Comment

 

Black Economic Empowerment

Status

Yes

Score

1.00

Expire Date

Aug 29 2012

BEE Certificate Available

Yes

Comment

 

ISO Status

Type of ISO Grade

ISO 22000 certification

ISO Certificate

Yes

ISO Certificate Available

No

Certified by an Accredited Agent

 

Comment

Other products stocked are also ISO Certified

Workman's compensation

Registered

Yes

Compliance Certified

Yes

Comment

 

 

Company Structure

 

Subsidiaries Information - No Information on Record

Employees

Number of Employees 20000

 

Comment 18500 is the total Comment number of employees around the country

 

Company Fleet

Company Fleet

No of vehicles:

Ownerd/Leased

Value

Outstanding Balance

Fleet Operations

 

The Fleet is made up of

 

Comment

The subject outsources all its deliveries so does not have its own fleet.

 

 


Offices

 

Offices

Offices

Head Office Owned/ Rented

Leased

Rental Company

 

Owned by

 

Value

 

Bond

 

Bank

 

Lease Agreement

 

Lease Expire Date

 

Type of Premises

Offices and warehouse

Comment

 

Branch Information

Branches Names

Country                        | Province

South Africa

Branch Detail Information

Branches Owned/ Rented

 

Rental Company

 

Owned by

 

Value

 

Bond

 

Bank

 

Lease Agreement

 

Lease Expire Date

 

Type of Premises

Mostly retail outlets and warehouses.

Comment

There are over 400 branches country-wideMostly leased except a few including warehouses that are owned by group companies

 

 

Management Overview

 

Organisation Chart

 

Level

Position

Name

Comment

 

1

Group Chief Executive Officer

IAN MOIR

 

 

2

Managing Director Food Division

ZYDA RYLANDS

 

 

3

Group finance director

NORMAN THOMSON

 

 

4

GROUP SECRETARY

THOBEKA SISHUBA-MASHEGO

 

 

Company Structure Information - No Information on Record

Note: One level up and all levels down

 

Key Deals - No Information on Record

 

Trade References

 

Trade Reference nr

Supplier

Contact

Surety Value

Notarial Bonds

Comment

1

SEARDEL

021 5055261

 

 

 

3

JACQUES HAU

021 7610133

 

 

 

4

IMPERIAL LOGISTICS

021 5283200

 

 

fast and frash div

2

QK MEATS

011 4050073

 

 

Contact person Doreen

 

Trade References Detail

 

Nr

Age of Acc

Credit Limit

Max Credit

Terms

Average Purchases

Terms Taken

Comment

1

51 years

 

R 80000.00

45 days

R 60000

45 days

Good account

3

16 years

 

R 6000000.00

7 days

R 5000000

7 days

Excellent account

4

11 years

 

R 7000000.00

7 days

R 6000000

7 days

Excellent account

2

8 years

 

R 30000.00

7 days

R 20000

7 days

There is no credit

limit in place, Excellent account

 

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

 

Bank

STANDARD BANK

Branch

ADDERLEY STREET

Brach Code

051001

Bank Account Number

Type of Account

CURRENT

Account Name

WOOLWORTHS (PTY) LTD

Overdraft Facilities

 

Bank Code

P

Bank Comment

A Bank code could not be obtained as the subject declined to provide a bank account number

 

Bank Code History - No Information on Record

 

Previous Bank Account Information - No Information on Record

 

 

Deeds Information

 

Property Interests for CompanyWOOLWORTHS (PTY)LTD

 

Title Deed No.

T62380/1998

Erf/Site No.

0

Deeds Office

JOHANNESBURG

Physical Address

39 ALBERTON NEW REDRUTH ALBERTON

Property Type

Freehold / Ervin

Extent / Size

5087.0SQM

Purchase Date

1997/06/30

Purchase price

 

% Ownership

0.00

Bond Holder

 

Bond Number

 

Bond Amount

 

Comment

 

 

Title Deed No.

T44689/2003

Erf/Site No.

 

Deeds Office

CAPE TOWN

Physical Address

7 CORPORATION CAPE TOWN CITY CENTRE CAPE TOWN

Property Type

Freehold / Ervin

Extent / Size

211.0SQM

Purchase Date

2003/01/15

Purchase price

 

% Ownership

0.00

Bond Holder

 

Bond Number

 

Bond Amount

 

Comment

 

 

 

Title Deed No.

T77626/2003

Erf/Site No.

 

Deeds Office

CAPE TOWN

Physical Address

126 MAIN CLAREMONT SOUTHERN SUBURBS

Property Type

Freehold / Ervin

Extent / Size

3947.0SQM

Purchase Date

2002/08/12

Purchase price

 

% Ownership

0.00

Bond Holder

 

Bond Number

K11242001S

Bond Amount

 

Comment

 

 

Title Deed No.

T68014/1998

Erf/Site No.

0

Deeds Office

CAPE TOWN

Physical Address

34 ADDERLEY CAPE TOWN CITY CENTRE CAPE TOWN

Property Type

Freehold / Ervin

Extent / Size

885.0SQM

Purchase Date

1997/06/30

Purchase price

 

% Ownership

0.00

Bond Holder

 

Bond Number

 

Bond Amount

 

Comment

 

 

Title Deed No.

T68014/1998

Erf/Site No.

0

Deeds Office

CAPE TOWN

Physical Address

41 SAINT GEORGES MALL CAPE TOWN CITY CENTRE CAPE TOWN

Property Type

Freehold / Ervin

Extent / Size

2088.0SQM

Purchase Date

1997/06/30

Purchase price

 

% Ownership

0.00

Bond Holder

 

Bond Number

 

Bond Amount

 

Comment

 

 

Title Deed No. T82760/2005

Erf/Site No.

Deeds Office

PRETORIA

Physical Address

ROOIHUISKRAAL CENTURION

Property Type Farms

Extent / Size                 51.2606H

Purchase Date

2005/02/11

Purchase price

 

% Ownership 0.00

Bond Holder

Bond Number

Bond Amount

Comment

 

 

Title Deed No.

T82760/2005

Erf/Site No.

 

Deeds Office

PRETORIA

Physical Address

ROOIHUISKRAAL CENTURION

Property Type Farms

Extent / Size 47.7623H

Purchase Date 2005/02/11

Purchase price

% Ownership 0.00

Bond Holder

Bond Number

 

Bond Amount

 

Comment

 

 

Title Deed No.

T25527/1998

Erf/Site No.

0

Deeds Office PIETERMARITZBURG

Physical Address             4-8 MALONE MAXMEAD PINETOWN

Property Type                Freehold / Ervin

Extent / Size 2.9661SQM

Purchase Date

1997/06/30

Purchase price

 

% Ownership 0.00

Bond Holder

Bond Number

 

Bond Amount

 

Comment

 

 

Title Deed No.

T41270/2006

Erf/Site No.

 

Deeds Office

CAPE TOWN

Physical Address

 

Property Type

Freehold / Ervin

Extent / Size

3.90H

Purchase Date

2006/02/03

Purchase price

 

% Ownership

0.00

Bond Holder

SANLAM LIFE INSURANCE LTD

Bond Number B560472006

Bond Amount

Comment

 

 

Title Deed No.

T65945/1998

Erf/Site No.

0

Deeds Office

CAPE TOWN

Physical Address

GREENACRES PORT ELIZABETH

Property Type                Freehold / Ervin

Extent / Size                 1.5400SQM

Purchase Date

1997/06/30

Purchase price

 

% Ownership 0.00

Bond Holder

Bond Number

Bond Amount

Comment

 

 

Title Deed No.

T68552/1998

Erf/Site No.

0

Deeds Office PRETORIA

Physical Address             484 10TH GEZINA PRETORIA

Property Type                Freehold / Ervin

Extent / Size                 1.208H

Purchase Date 1997/06/30

Purchase price

% Ownership

0.00

Bond Holder

 

Bond Number

 

Bond Amount

 

Comment

 

 

           

Title Deed No.

T68551/1998

Erf/Site No.

0

Deeds Office

PRETORIA

Physical Address

 

Property Type                Freehold / Ervin

Extent / Size 2905.0SQM

Purchase Date

1997/06/30

Purchase price

 

% Ownership 0.00

Bond Holder

Bond Number

 

Bond Amount

 

Comment

 

 

 

Financial Information

 

Financial Estimates

 

Comment

WOOLWORTHS HOLDING LTD FINANCIAL POSITION AS AT JUNE 2012

 

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

 

Comment          WOOLWORTHS HOLDING LTD CASH FLOW AS AT JUNE 2012

 

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

 

Comment

WOOLWORTHS HOLDING LTD COMPREHENSIVE INCOME STATEMENT AS AT JUNE 2012

 

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

 

Principals

Number of Principals

7

Average Age of Active Principals

52

Active Principals Principal - 1of 7 PATIENCE  SISHUBA MASHEGO

Surname

SISHUBA MASHEGO

First Name

PATIENCE

Other Names

THOBE

Marital Status

Married

ID Number

7108230467080

Verified ID Number

No

Current Age

41

Designation

SECRETARY

Status

Active

Appointment Date

2012/02/01

Physical Address (at time of Appointment)

8 FIONA CRESCENT, PANORAMA, 7500

Postal Address

8 FIONA CRESCENT, PANORAMA, 7500

Current Tel Number

0214076326

Cell number

0829281320

Shareholding/Membership

0.0000

 

Principal's Adverse - No information on record

 

Business Information forPATIENCE  SISHUBA MASHEGO Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

WOOLWORTHS HOLDINGS LTD

M1929/001986/06

In Business

83 Years 11 Months

0

No

 

WOOLWORTHS (PTY)LTD

M1956/000518/07

In Business

56 Years 8 Months

0

No

 

MARKS AND SPENCER (S A) (PTY)LTD

M1957/002437/07

In Business

55 Years 7 Months

0

No

 

WOOLWORTHS

DEVELOPMENTS

(PTY)LTD

M1980/007481/07

In Business

32 Years 8 Months

0

No

 

WOOLWORTHS INTERNATIONAL SA (PTY)LTD

M1993/007394/07

In Business

19 Years 7 Months

0

No

 

VIRTUAL MARKET PLACE (PTY)LTD

M1997/016316/07

In Business

15 Years 3 Months

0

No

 

UNIVERSAL PRODUCT NETWORKS (PTY)LTD

M1999/024569/07

In Business

13 Years 1 Months

1

No

 

INTHEBAG (PTY)LTD

M2000/000225/07

In Business

0

0

No

 

E-COM

INVESTMENTS 16 (PTY)LTD

M2001/018715/07

In Business

11 Years 11 Months

0

No

 

 

Principal Previous Business Interests

Average Age of Previous Business           I           14 Years

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

GREENFORD TRADING 19 CC

B2005/127982/23

Deregistration Final

7 Years 7 Months

0

No

 

METROPOLITAN LIFE INTERNATIONAL LTD

M1991/005540/06

In Business

21 Years 9 Months

0

No

 

METROPOLITAN ODYSSEY LTD

M1993/007525/06

In Business

19 Years 7 Months

0

No

 

MOMENTUM PROPERTIES (PTY)LTD

M2001/022931/07

In Business

11 Years 11 Months

0

No

 

 

Principal's Deeds Information - No information on record

 

Principal - 2of 7

IAN MOIR

 

Surname

MOIR

First Name

IAN

Other Names

 

Marital Status

 

ID Number

E3078698

Verified ID Number

No

Current Age

54

Designation

DIRECTOR

Status

Active

Appointment Date

2010/01/01

Physical Address (at time of

15 HOUGHTON ROAD, CAMPS BAY, 8001

Appointment)

 

Postal Address

P O BOX 680, CAPE TOWN, 8000

Current Tel Number

 

Cell number

 

Shareholding/Membership

0.0000

 

Principal's Adverse - No information on record

 

Business Information forIAN MOIR

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

WOOLWORTHS (PTY)LTD

M1956/000518/07

In Business

56 Years 8 Months

0

No

 

MARKS AND SPENCER (S A) (PTY)LTD

M1957/002437/07

In Business

55 Years 7 Months

0

No

 

UNIVERSAL PRODUCT NETWORKS (PTY)LTD

M1999/024569/07

In Business

13 Years 1 Months

1

No

 

INTHEBAG (PTY)LTD

M2000/000225/07

In Business

0

0

No

 

E-COM

INVESTMENTS 16 (PTY)LTD

M2001/018715/07

In Business

11 Years 11 Months

0

No

 

 

Principal's Deeds Information - No information on record

Principal Previous Business Interests

Principal - 3of 7

IAN MOIR

 

Surname

MOIR

First Name

IAN

Other Names

 

Marital Status

 

ID Number

5812100000000

Verified ID Number

No

Current Age

54

Designation

DIRECTOR

Status

Active

Appointment Date

2010/01/01

Physical Address (at time of Appointment)

UNIT 1, AZAMARA, 15 HOUGHTON ROAD, CAMPS BAY, 8001

Postal Address

P O BOX 680, CAPE TOWN, Western Cape, 8000

Current Tel Number

 

Cell number

 

Shareholding/Membership

0.0000

 

Principal's Adverse - No information on record

 

Business Information forIAN MOIR

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

WOOLWORTHS HOLDINGS LTD

M1929/001986/06

In Business

83 Years 11 Months

0

No

 

WOOLWORTHS (PTY)LTD

M1956/000518/07

In Business

56 Years 8 Months

0

No

 

WOOLWORTHS

DEVELOPMENTS

(PTY)LTD

M1980/007481/07

In Business

32 Years 8 Months

0

No

 

COUNTRY ROAD VENTURES (INCORPORATED IN AUSTRALIA)

M2010/014092/10

In Business

2 Years 2 Months

0

No

 

 

Principal's Deeds Information - No information on record

 

Principal - 4of 7 ANDREW JENNINGS

Surname

JENNINGS

First Name

ANDREW

Other Names

RICHARD

Marital Status

 

ID Number

480917

Verified ID Number

No

Current Age

64

Designation

 

Status

Active

Appointment Date

2006/12/01

Physical Address (at time of Appointment)

202 DOVENBY, THE MARINA 1 DOCK ROAD, V & A WATERFRONT, CAPE TOWN, 8001

Postal Address

PO BOX 680, CAPE TOWN, 8000

Current Tel Number

 

Cell number

 

Shareholding/Membership

0.0000

 

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

WOOLWORTHS HOLDINGS LTD

M1929/001986/06

In Business

83 Years 11 Months

0

No

 

WOOLWORTHS (PTY)LTD

M1956/000518/07

In Business

56 Years 8 Months

0

No

 

 

Principal Previous Business Interest

Average Age of Previous Business           I           50 Years

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

WOOLWORTHS

PHARMACEUTICALS

(PTY)LTD

M1962/002600/07

Deregistration Final

50 Years 2 Months

0

No

 

 

Principal's Deeds Information - No information on record

 

Principal - 5of 7 ZYDA ZYDA RYLANDS

Surname

ZYDA RYLANDS

First Name

ZYDA

Other Names

 

Marital Status

Single

ID Number

6411100181026

Verified ID Number

Yes

Current Age

48

Designation

EXECUTIVE

Status

Active

Appointment Date

2004/07/01

Physical Address (at time of Appointment)

2 MIDHURST WAY, CONSTANTIA, Western Cape, 7806

Postal Address

P O BOX 680, CAPE TOWN, Western Cape, 8001

Current Tel Number

0214072696

Cell number

0834409724

Shareholding/Membership

0.0000

 

Business Information forZYDA ZYDA RYLANDS Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

AFRICAN CAPITAL PROPERTY PORTFOLIO LTD

2006/024468/06

In Business

6 Years 6 Months

0

No

 

WOOLWORTHS HOLDINGS LTD

M1929/001986/06

In Business

83 Years 11 Months

0

No

 

WOOLWORTHS (PTY)LTD

M1956/000518/07

In Business

56 Years 8 Months

0

No

 

NATIONAL URBAN RECONSTRUCTION AND HOUSING AGENCY

M1995/004248/08

In Business

17 Years 5 Months

0

No

 

OPEN SOCIETY FOUNDATION FOR SOUTH AFRICA

M1995/012103/08

In Business

17 Years 5 Months

0

No

 

CENTRE FOR JUSTICE AND CRIME PREVENTION

M2005/012780/08

In Business

7 Years 7 Months

0

No

 

AFRICAN CAPITAL PROPERTY PORTFOLIO (PTY)LTD

M2006/024468/07

In Business

6 Years 6 Months

0

No

 

 

Principal Previous Business Interest

Average Age of Previous Business           I           21 Years

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

DISTINCTIVE CHOICE 1474 CC

B2006/157183/23

Deregistration Final

6 Years 6 Months

0

No

 

AUTUMN SKIES TRADING 356 CC

B2007/115647/23

Deregistration Final

5 Years 5 Months

0

No

 

IMVUSA TRADING 1933 CC

B2008/057025/23

Deregistration Final

4 Years 4 Months

0

No

 

FIRSTRAND BANK LTD

M1929/001225/06

In Business

83 Years 11 Months

14

No

 

FIRSTRAND EMA HOLDINGS LTD

M1971/009695/06

In Business

41 Years 5 Months

0

No

 

BLACK MANAGEMENT FORUM

M1981/001893/08

In Business

31 Years 7 Months

0

No

 

AFRICAN OUTSOURCE INTERFACE (PTY)LTD

M1998/009486/07

Deregistration Final

14 Years 2 Months

0

No

 

 

WOOLWORTHS FINANCIAL SERVICES (PTY)LTD

M2000/009327/07

In Business

 

0

No

 

GILTEDGE DMC (PTY)LTD

M2001/028398/07

In Business

11 Years 11 Months

0

No

 

 

Principal's Adverse - No information on record

 

Principal's Deeds Information - No information on record

 

Principal - 6of 7 RALPH BUDDLE

Surname

BUDDLE

First Name

RALPH

Other Names

 

Marital Status

 

ID Number

6610175273085

Verified ID Number

No

Current Age

46

Designation

CHARTERED ACCOUNTANT

Status

Active

Appointment Date

2004/03/17

Physical Address (at time of Appointment)

2 BROADWAY ROAD, NEWLANDS, 7708

Postal Address

P O BOX 680, CAPE TOWN, 8001

Current Tel Number

0214079111

Cell number

0828755198

Shareholding/Membership

0.0000

 

Business Information forRALPH BUDDLE

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

WOOLWORTHS HOLDINGS LTD

M1929/001986/06

In Business

83 Years 11 Months

0

No

 

WOOLWORTHS (PTY)LTD

M1956/000518/07

In Business

56 Years 8 Months

0

No

 

MARKS AND SPENCER (S A) (PTY)LTD

M1957/002437/07

In Business

55 Years 7 Months

0

No

 

WOOLWORTHS

DEVELOPMENTS

(PTY)LTD

M1980/007481/07

In Business

32 Years 8 Months

0

No

 

WOOLWORTHS INTERNATIONAL SA (PTY)LTD

M1993/007394/07

In Business

19 Years 7 Months

0

No

 

KABAKA

INVESTMENTS

(PTY)LTD

M1996/005652/07

In Business

16 Years 4 Months

0

No

 

UNIVERSAL PRODUCT NETWORKS (PTY)LTD

M1999/024569/07

In Business

13 Years 1 Months

1

No

 

INTHEBAG (PTY)LTD

M2000/000225/07

In Business

0

0

No

 

E-COM

INVESTMENTS 16 (PTY)LTD

M2001/018715/07

In Business

11 Years 11 Months

0

No

 

 

Principal Previous Business Interest

Average Age of Previous Business           I           16 Years

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

WOOLWORTHS (CLAREMONT) PROPERTIES SHARE BLOCK (PTY)LTD

M1950/038775/07

Deregistration Final

62 Years 2 Months

0

No

 

WOOLWORTHS

PHARMACEUTICALS

(PTY)LTD

M1962/002600/07

Deregistration Final

50 Years 2 Months

0

No

 

WOOLWORTHS COMPUTER SERVICES (PTY)LTD

M1964/001761/07

Deregistration Final

 

0

No

 

WOOLWORTHS FINANCE (PTY)LTD

M1976/004350/07

Deregistration Final

 

0

No

 

 

UP-FRONT INVESTMENTS 132 (PTY)LTD

M2000/003242/07

In Business

 

0

No

 

WOOLWORTHS FINANCIAL SERVICES (PTY)LTD

M2000/009327/07

In Business

 

0

No

 

ISENTIALS (PTY)LTD

M2003/019862/07

In Business

9 Years 9 Months

0

No

 

ACCOUNT ON US (PTY)LTD

M2004/017415/07

In Business

8 Years 8 Months

0

No

 

 

Principal's Deeds Information - No information on record

 

Principal - 7of 7 NORMAN THOMSON

Surname

THOMSON

First Name

NORMAN

Other Names

 

Marital Status

 

ID Number

5106265076083

Verified ID Number

Yes

Current Age

61

Designation

DIRECTOR

Status

Active

Appointment Date

2001/03/12

Physical Address (at time of Appointment)

2 FIRDALE ROAD, CAPE TOWN, 7700

Postal Address

P O BOX 680, CAPE TOWN, Western Cape, 8001

Current Tel Number

0216806204

Cell number

0832513654

Shareholding/Membership

0.0000

 

Business Information forNORMAN THOMSON Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

WOOLWORTHS HOLDINGS LTD

M1929/001986/06

In Business

83 Years 11 Months

0

No

 

WOOLWORTHS (PTY)LTD

M1956/000518/07

In Business

56 Years 8 Months

0

No

 

MARKS AND SPENCER (S A) (PTY)LTD

M1957/002437/07

In Business

55 Years 7 Months

0

No

 

WOOLWORTHS

DEVELOPMENTS

(PTY)LTD

M1980/007481/07

In Business

32 Years 8 Months

0

No

 

WOOLWORTHS INTERNATIONAL SA (PTY)LTD

M1993/007394/07

In Business

19 Years 7 Months

0

No

 

NATION-WIDE RECOVERY SERVICES (PTY)LTD

M1997/010435/07

In Business

15 Years 3 Months

0

No

 

VIRTUAL MARKET PLACE (PTY)LTD

M1997/016316/07

In Business

15 Years 3 Months

0

No

 

UNIVERSAL PRODUCT NETWORKS (PTY)LTD

M1999/024569/07

In Business

13 Years 1 Months

1

No

 

INTHEBAG (PTY)LTD

M2000/000225/07

In Business

0

0

No

 

UP-FRONT INVESTMENTS 132 (PTY)LTD

M2000/003242/07

In Business

0

0

No

 

WOOLWORTHS FINANCIAL SERVICES (PTY)LTD

M2000/009327/07

In Business

0

0

No

 

THE SECOND MOUSE INVESTMENTS (PTY)LTD

M2000/029065/07

In Business

0

0

No

 

E-COM

INVESTMENTS 16 (PTY)LTD

M2001/018715/07

In Business

11 Years 11 Months

0

No

 

ISENTIALS (PTY)LTD

M2003/019862/07

In Business

9 Years 9 Months

0

No

 

ACCOUNT ON US (PTY)LTD

M2004/017415/07

In Business

8 Years 8 Months

0

No

 

 

COUNTRY ROAD

M2010/014092/10

In Business

2 Years 2 Months

0

No

 

VENTURES

 

 

 

 

 

 

(INCORPORATED IN

 

 

 

 

 

 

AUSTRALIA)

 

 

 

 

 

 

 

Principal Previous Business Interest

Average Age of Previous Business           I           19 Years

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

WOOLWORTHS (CLAREMONT) PROPERTIES SHARE BLOCK (PTY)LTD

M1950/038775/07

Deregistration Final

62 Years 2 Months

0

No

 

WOOLWORTHS COMPUTER SERVICES (PTY)LTD

M1964/001761/07

Deregistration Final

 

0

No

 

WOOLWORTHS FINANCE (PTY)LTD

M1976/004350/07

Deregistration Final

 

0

No

 

AFFINITY LOGISTICS (PTY)LTD

M1998/006307/07

Deregistration Final

14 Years 2 Months

0

No

 

 

Principal's Deeds Information - No information on record


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.63.67

UK Pound

1

Rs.100.71

Euro

1

Rs.84.72

 

 

INFORMATION DETAILS

 

Report Prepared by :

NIS

 

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.