MIRA
INFORM REPORT
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Report Date : |
06.08.2014 |
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IDENTIFICATION DETAILS
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Name : |
M G PRET-A-PORTER LIMITED
EDITION CC |
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Registered Office : |
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Country : |
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Date of Incorporation : |
11.02.2014 |
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Com. Reg. No.: |
B2010/098320/23 |
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Legal Form : |
Close Corporation |
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Line of Business : |
Subject operates as a
designer of clothing |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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 01, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
South Africa |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderate Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderate High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
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 16th largest in the world. Even though the country's
modern infrastructure supports a relatively efficient distribution of goods to
major urban centers throughout the region, unstable electricity supplies retard
growth. The global financial crisis reduced commodity prices and world demand.
GDP fell nearly 2% in 2009 but has recovered since then, albeit slowly with
2014 growth projected at about 2%. Unemployment, poverty, and inequality -
among the highest in the world - remain a challenge. Official unemployment is
at nearly 25% of the work force, and runs significantly higher among black
youth. Eskom, the state-run power company, has built two new power stations and
installed new power demand management programs to improve power grid
reliability. Construction delays at two additional plants, however, mean South
Africa is operating on a razor thin margin; economists judge that growth cannot
exceed 3% until those plants come on line. 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 |
Company name and address
|
Subject
Name |
M & G
PRET A PORTER |
|
Country |
South Africa |
|
Account
Review |
Recommended
Every 3 Months |
|
Subject
Contact Person |
JENNIFER -
FINANCIAL MANAGER |
|
Assessment |
On
investigation contact was made with JENNIFER the financial manager who declined
to assist with the information. The subject declined on the basis that the
principal enquirer was not revealed. The member given and member at CIPC do
not match up. We cannot recommend credit dealings due to the lack of detailed
information. Please see the available information obtained, below. |
Company information
|
Registered
Name |
M G
PRET-A-PORTER LIMITED EDITION CC |
|
Trading
as/ Division Name |
M G
PRET-A-PORTER LIMITED EDITION |
|
Previous
Name |
CACHET
CLOTHING |
|
Date of Name
Change |
2014-02-11 |
|
Registration
Number |
B2010/098320/23 |
|
Registration
Date |
2014/02/11 |
|
Date
Commenced Trading |
2010 |
|
Age of
Business |
4 Years 1
Months |
|
History of
Business |
The business
has been in operation for the past 4 Years and 1 Month. The business
underwent a name change from .CACHET CLOTHING to M G PRET-A-PORTER LIMITED
EDITION CC on 11-02-2014 . |
|
History of
Principals |
There is 1
member within the business . |
|
Shareholders/Members/Partners
of subject and % holding |
100% -
MICHELL JOAN STARLINGCIPC has a MR G LOMBARD as being the member- we have no
confirmation documentation to confirm otherwise. |
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Authorised
Share Capital |
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Issued Share
Capital/Members Contribution |
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Status |
In
Business |
|
Operations
Assessment |
The
subject operates as a designer of clothing. |
|
Industry/
Customers |
The
subject suppliers to clothing stores. |
|
Export |
None |
|
Export
Countries |
|
|
Import |
Yes |
|
Import
Countries |
India |
|
Major
Industry Code / SICC |
61310 |
|
Definition
of Code |
Wholesale
trade in textiles, clothing and footwear |
|
Head
Office Physical Address |
91-95
STAMFORD HILL ROAD,UMGENI,DURBAN |
|
Head
Office Postal Address |
91-95 STAMFORD
HILL ROAD,UMGENI,DURBAN |
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Current
Tel Number |
0313095440 |
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Cell
Number |
0847272001 |
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Current
Fax Number |
0313095440 |
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Current
Email Address |
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Web Site
Address |
None |
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Comments |
|
Auditors information
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Company Registered Name |
BURN REYNOLDS AND COMPANY |
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Trading Name |
BURN REYNOLDS & CO |
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Registration Number |
Unavailable |
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Physical Address |
63 CHARL CELLIERS STREET, BOKSBURG
NORTH, BOKSBURG, GAUTENG, |
|
Postal Address |
PO BOX 354, BOKSBURG,1460 |
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Contact Person |
SYDNEY |
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Contact Number |
0118923200 |
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Email |
Unavailable |
|
Principals |
|
|
Judgements Against Subject |
Unavailable |
|
Judgements Against Principals |
Unavailable |
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Subject Verified as Client |
Yes |
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Practice Number |
926183 |
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VAT Number |
Unavailable |
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Tax Number |
Unavailable |
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BEE Status |
Unavailable |
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Financial Year End |
Unavailable |
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No of years in Business |
Unavailable |
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Website |
Unavailable |
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Comment |
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Previous
Auditors Information - No Information on Record
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Vat Number |
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Status |
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Vat Liable
Date |
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Tax Number |
9246907175 |
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Tax
Clearance Expire Date |
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Financial
Year End |
February |
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Comment |
|
Black Economic
Empowerment Information - No Information on Record
ISO Information - No Information on Record Work
Mans
Information - No Information on Record
Company Structure
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
Management Overview
Organisation
Chart
|
Level |
Position |
Name |
Comment |
Company Structure (Ownership)
Note: One level up and all
levels down
|
Holding |
Company |
Sub |
Comment |
|
100% - MICHELL JOAN STARLING |
M G PRET-A-PORTER LIMITED EDITION
CC |
|
|
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 |
1 |
|
Average
Age of Active Principals |
50 |
|
Active Principals
Principal - 1 of 1 GARY LOMBARD |
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Surname |
LOMBARD |
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First Name |
GARY |
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Other
Names |
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Marital
Status |
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ID Number |
6409145115082 |
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Verified
ID Number |
Yes |
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Current
Age |
49 Years 9
Months |
|
Designation |
DIRECTOR |
|
Status |
Active |
|
Appointment
Date |
2012/02/06 |
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Physical
Address (at time of Appointment) |
7 HARRIER
ROAD, PARKLANDS, 2121 |
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Postal
Address |
7 HARRIER
ROAD, PARKLANDS, 2121 |
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Current
Tel Number |
0215570815 |
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Cell
number |
0722298421 |
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Shareholding/Membership |
0.00 |
Principal's Adverse - No information on record
Business Information for GARY LOMBARD
Principal Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
BLOUBERG
ALIGN TYRE |
6409145115082 |
|
Unknown |
0 |
No |
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|
CHINOOK COMPRESSORS-SA CC |
B2006/022754/23 |
Deregistration Process |
8 Years 8
Months |
0 |
No |
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GARRY''S MOTOR AND GENERAL |
6409145115082 |
|
Unknown |
0 |
No |
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M & G AUTOMATIVE
(PTY)LTD |
K2012/021381/07 |
Deregistration Process |
2 Years 2
Months |
0 |
No |
|
|
RILO PROPERTY
HOLDING CC |
B2007/093079/23 |
In
Business |
7 Years 7
Months |
0 |
No |
|
Principal
Previous Business Interests
Average Age of Previous Business 10
Years
|
Company Name |
Registration No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
BILLMONT
NO 12 A CC |
B1999/043271/23 |
In
Business |
15 Years 3
Months |
0 |
No |
|
|
DEKKERS
MOTOR SERVICES CC |
B1992/008303/23 |
Deregistration Final |
22 Years
10 Months |
0 |
No |
|
|
GARRY''S MOTOR AND GENERAL CC |
B1999/002842/23 |
Dissolved |
15 Years 3
Months |
1 |
No |
|
|
GARRY''S MOTOR AND GENERAL-EASTERN
CAPE CC |
B2006/096012/23 |
Deregistration Final |
8 Years 8
Months |
0 |
No |
|
|
GARRY''S MOTOR AND GENERAL-FREE STATE CC |
2006/033811/23 |
Deregistration Final |
8 Years 8 Months |
0 |
No |
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GARRY''S MOTOR AND GENERAL-GAUTENG CC |
2006/033797/23 |
Deregistration Final |
8 Years 8
Months |
0 |
No |
|
|
GARRY''S MOTOR AND GENERAL-NATAL
CC |
2006/031463/23 |
Deregistration Final |
8 Years 8
Months |
0 |
No |
|
|
GARRY''S MOTOR AND GENERAL-PRETORIA CC |
2006/033817/23 |
Deregistration Final |
8 Years 8
Months |
0 |
No |
|
|
GARRY''S MOTOR AND GENERAL-WESTERN
CAPE CC |
B2006/096505/23 |
Deregistration Final |
8 Years 8
Months |
0 |
No |
|
|
SOLARSTAR
- SA CC |
B2006/020620/23 |
In
Business |
8 Years 8
Months |
0 |
No |
|
|
SPACE GARAGE EQUIPMENT - SA CC |
2006/020613/23 |
Deregistration Final |
8 Years 8
Months |
0 |
No |
|
Principal Deeds
Information
|
Property Interests for GARY LOMBARD |
|||
|
Title Deed
No. |
T24830/2013 |
Erf/Site
No. |
120 |
|
Deeds
Office |
CAPE TOWN |
Physical
Address |
PARKLANDS |
|
Property
Type |
E |
Extent /
Size |
531.0SQM |
|
Purchase
Date |
|
Purchase
price |
R 0.00 |
|
%
Ownership |
0.00 |
Bond
Holder |
STANDARD BANK
OF SOUTH AFRICA L |
|
Bond
Number |
B137482013 |
Bond
Amount |
R1092000.00 |
|
Comment |
|
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Property Interests for GARY LOMBARD |
|||
|
Title Deed
No. |
T36381/1994 |
Erf/Site
No. |
15248 |
|
Deeds
Office |
CAPE TOWN |
Physical
Address |
3 EXMOOR MILNERTON |
|
Property
Type |
F |
Extent /
Size |
538.00000000 |
|
Purchase
Date |
1994/02/19 |
Purchase
price |
R160000.00 |
|
%
Ownership |
0.00 |
Bond
Holder |
|
|
Bond
Number |
B620251998 |
Bond
Amount |
R
290000.00 |
|
Comment |
|
||
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.86 |
|
|
1 |
Rs.102.67 |
|
Euro |
1 |
Rs.81.69 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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Report Prepared
by : |
PDT |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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-- |
NB |
New Business |
-- |
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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.