|
Report Date : |
24.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
TFG APPAREL SUPPLY COMPANY (PTY)LTD |
|
|
|
|
Registered Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
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 |
subject has 15 000 employees some of which are
salaried and some waged. |
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 : |
No Complaints |
|
|
|
|
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 – december 01, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
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 and a stock exchange
that is the 15th largest in the world. Even though the country possesses modern
infrastructure that support a relatively efficient distribution of goods to
major urban centers throughout the region, some components retard growth. The
economy began to slow in the second half of 2007 due to an electricity crisis.
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. Subsequently, the global
financial crisis reduced commodity prices and world demand. GDP fell nearly 2%
in 2009 but has recovered since then. Unemployment, poverty, and inequality
remain a challenge, with official unemployment at nearly 25% of the work force.
State power supplier Eskom has built two new power stations and installed new
power demand management programs to improve power grid reliability. 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 |
Subject Name |
TFG APPAREL SUPPLY COMPANY (PTY)LTD |
|
Country |
South Africa |
|
Subject Contact Person |
JONATHAN ZOLTY- Financial Manager |
|
Assessment |
This is a well-established and well -connected business. On investigation contact was made with JONATHAN ZOLTY, who assisted with most of the required information on the company. He requested the name of the principal enquirer before he may assist with any further information. We are currently awaiting a bank code. 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 |
1982-12-30 |
|
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 from an undisclosed name to the current name. |
|
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 |
R 0.00 |
|
Issued Share Capital/Members Contribution |
R 0.00 |
|
Status |
In Business |
|
Operations Assessment |
Manufacture of clothing and footwear. |
|
Industry/ Customers |
The public industry and corporate businesses. |
|
Export |
Yes |
|
Import |
Unknown |
|
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 |
|
Cell Number |
Unavailable |
|
Current Fax Number |
0219374257 |
|
Current Email Address |
|
|
Web Site Address |
Unavailable |
|
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 |
|
Email |
Unavailable |
|
Judgements Against Subject |
Unavailable |
|
Judgements Against Principals |
Unavailable |
|
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 |
|
Financial Year End |
March |
|
Status |
Yes |
|
Score |
4.00 |
|
Expire Date |
Nov 29 2013 |
|
BEE Certificate Available |
Yes |
ISO Information - No
Information on Record
Work Mans Information
- No Information on Record
Subsidiaries
Information - No Information on Record
|
Employees |
|
|
Number of Employees |
15000 |
|
Comment |
The subject has 15 000 employees some of which are salaried and some
waged. A total employee breakdown was not made available. |
Company Fleet
Information - No Information on Record
Offices Information -
No Information on Record
Branch Information - No
Information on Record
Organisational Chart
- No Information on Record
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 References
Information - No Information on Record
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 |
|
Branch |
CORPORATE BANKING CAPE TOWN |
|
Brach Code |
250655 |
|
Bank Account Number |
62015513262 |
|
Type of Account |
CURRENT |
|
Account Name |
TFG APPAREL SUPPLY COMPANY (PTY)LTD |
|
Overdraft Facilities |
Yes |
|
Bank Code |
Awaiting bank code |
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 - 1 of 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 O 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 |
|
MACSTEEL HOLDINGS (PTY)LTD |
M1966/011321/07 |
In Business |
47 Years 11 Months |
0 |
No |
|
|
MACSTEEL SERVICE CENTRES SA (PTY)LTD |
M2005/016292/07 |
In Business |
8 Years 8 Months |
0 |
No |
|
Principal Previous Business Interests
Average Age of Previous Business 31 Years
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
AFRIKA TIKKUN |
M1998/015527/08 |
In Business |
15 Years 3 Months |
0 |
No |
|
|
CREDIT GUARANTEE INSURANCE CORPORATION OF AFRICA LTD |
M1956/000368/06 |
In Business |
57 Years 9 Months |
0 |
No |
|
|
ELFER INVESTMENTS CC |
B1998/016053/23 |
Deregistration Final |
15 Years 3 Months |
0 |
No |
|
|
MUTUAL AND FEDERAL INSURANCE COMPANY LTD |
M1970/006619/06 |
In Business |
43 Years 7 Months |
2 |
No |
|
|
NEDBANK GROUP LTD |
M1966/010630/06 |
In Business |
47 Years 11 Months |
0 |
No |
|
|
NEDBANK LTD |
M1951/000009/06 |
In Business |
62 Years 2 Months |
21 |
No |
|
|
NEDFIN LTD |
M1946/022898/06 |
Deregistration Final |
67 Years 7 Months |
0 |
No |
|
|
NEDGROUP INVESTMENT HOLDINGS 101 LTD |
M1963/003972/06 |
In Business |
50 Years 2 Months |
0 |
No |
|
|
OLD MUTUAL GROUP ACHIEVEMENTS LTD |
M1997/001163/06 |
Dissolved |
16 Years 4 Months |
0 |
No |
|
|
OLD MUTUAL LIFE
ASSURANCE COMPANY (SOUTH AFRICA) LTD |
M1999/004643/06 |
In Business |
14 Years 2 Months |
2 |
No |
|
|
OLD MUTUAL LIFE HOLDINGS (SOUTH AFRICA) (PTY)LTD |
M1998/012277/07 |
In Business |
15 Years 3 Months |
0 |
No |
|
|
OLD MUTUAL LIFE HOLDINGS (SOUTH AFRICA) LTD |
M1998/012277/06 |
In Business |
15 Years 3 Months |
0 |
No |
|
|
OLD MUTUAL PUBLIC LIMITED COMPANY |
M1999/004855/10 |
In Business |
14 Years 2 Months |
0 |
No |
|
|
PEOPLES MORTGAGE LTD |
M1994/000929/06 |
In Business |
19 Years 7 Months |
2 |
No |
|
|
THE ADVANTAGE INVESTMENT CORPORATION (PTY)LTD |
M1990/001336/07 |
Deregistration Final |
23 Years 11 Months |
0 |
No |
|
Principal Deeds
Information
Property Interests
for DEE SHEARD
|
Title Deed No. |
ST20146/2007 |
Erf/Site No. |
13968,0 |
|
Deeds Office |
CAPE TOWN |
Physical Address |
HELDERBERG VILLAGE SOMERSET WEST |
|
Property Type |
Sectional Title |
Extent / Size |
219.0SQM |
|
Purchase Date |
2007/01/29 |
Purchase price |
|
|
% Ownership |
0.00 |
Bond Holder |
|
|
Bond Number |
SK13692002S |
Bond Amount |
|
Principal - 2 of 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 |
Director |
|
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 |
|
FERRO STEEL INTERNATIONAL (PTY)LTD |
M1985/004908/07 |
In Business |
28 Years 4 Months |
0 |
No |
|
|
FUTURE AFRICA TRADING (PTY)LTD |
2001/020480/07 |
In Business |
0 |
0 |
No |
|
|
GEX AVIATION SERVICES (PTY)LTD |
M2007/025599/07 |
In Business |
6 Years 6 Months |
0 |
No |
|
|
GULF STEEL (PTY)LTD |
M1979/005305/07 |
In Business |
34 Years 10 Months |
0 |
No |
|
|
HARVEY ROOFING PRODUCTS (PTY)LTD |
M1967/005596/07 |
In Business |
46 Years 10 Months |
0 |
No |
|
|
MACSTEEL (PTY)LTD |
M1965/007169/07 |
In Business |
0 |
0 |
No |
|
|
MACSTEEL BRIGHT BAR (PTY)LTD |
M1973/008572/07 |
In Business |
40 Years 4 Months |
0 |
No |
|
|
MACSTEEL CAPE TOWN (PTY)LTD |
M1948/029702/07 |
In Business |
65 Years 5 Months |
1 |
No |
|
|
MACSTEEL COIL PROCESSING (PTY)LTD |
M1972/007110/07 |
In Business |
41 Years 5 Months |
0 |
No |
|
|
MACSTEEL EXPORTS (PTY)LTD |
M1973/013102/07 |
In Business |
40 Years 4 Months |
0 |
No |
|
|
MACSTEEL FLANGES (PTY)LTD |
M1973/002358/07 |
In Business |
40 Years 4 Months |
0 |
No |
|
|
MACSTEEL GENPROP (PTY)LTD |
M1984/006023/07 |
In Business |
29 Years 5 Months |
0 |
No |
|
|
MACSTEEL HOLDINGS (PTY)LTD |
M1966/011321/07 |
In Business |
47 Years 11 Months |
0 |
No |
|
|
MACSTEEL ROOFING (PTY)LTD |
M1934/006314/07 |
In Business |
79 Years 7 Months |
0 |
No |
|
|
MACSTEEL SERVICE CENTRES SA (PTY)LTD |
M2005/016292/07 |
In Business |
8 Years 8 Months |
0 |
No |
|
|
MACSTEEL TUBE AND PIPE (PTY)LTD |
M1988/003269/07 |
In Business |
25 Years 1 Months |
0 |
No |
|
|
MSCSA INVESTMENTS (PTY)LTD |
M1956/002295/07 |
In Business |
57 Years 9 Months |
0 |
No |
|
|
NATIONAL TRADING COMPANY (PTY)LTD |
M1928/000567/07 |
In Business |
85 Years 1 Months |
1 |
No |
|
|
RAND BRIGHT STEELS (PTY)LTD |
M1963/006483/07 |
In Business |
50 Years 2 Months |
0 |
No |
|
|
VRN STEEL (PTY)LTD |
M1977/003106/07 |
In Business |
0 |
0 |
No |
|
|
WEDGE STEEL WORLD (PTY)LTD |
M1982/003915/07 |
In Business |
31 Years 7 Months |
0 |
No |
|
Principal Previous Business Interests
Average Age of Previous Business 36 Years
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|||||
|
ATLANTIS PRECISION AND GENERAL ENGINEERING (PTY)LTD |
M1965/000443/07 |
Deregistration Final |
|
0 |
No |
|
|||||
|
BECAL ENGINEERING (PTY)LTD |
M1979/003092/07 |
Deregistration Final |
34 Years 10 Months |
0 |
No |
|
|||||
|
BONAR LONG N T C
(S A) (PTY)LTD |
M1962/004131/07 |
Deregistration Final |
51 Years 3 Months |
0 |
No |
|
|||||
|
BONAR LONG NTC SWITCHGEAR (PTY)LTD |
M1976/000859/07 |
Deregistration Final |
37 Years 1 Months |
0 |
No |
|
|||||
|
DU TOIT
INDUSTRIAL PROPERTIES (PTY)LTD |
M1989/004757/07 |
Deregistration Final |
|
0 |
No |
|
|||||
|
DUNBRO HOLDINGS (PTY)LTD |
M1957/001974/07 |
Deregistration Final |
56 Years 8 Months |
0 |
No |
|
|||||
|
ENDULINI INVESTMENTS LTD |
M1951/001350/06 |
Deregistration Final |
62 Years 2 Months |
0 |
No |
|
|||||
|
ENTEESEE PROPERTY (PTY)LTD |
M1959/000717/07 |
Deregistration Final |
54 Years 6 Months |
0 |
No |
|
|||||
|
F W G INVESTMENTS (PTY)LTD |
M1978/004833/07 |
Deregistration Final |
35 Years 11 Months |
0 |
No |
|
|||||
|
FERRO T AND S (PTY)LTD |
M2000/010255/07 |
Deregistration Final |
13 Years 1 Months |
0 |
No |
|
|||||
|
FLANGE PROPERTIES (PTY)LTD |
M1968/009301/07 |
Deregistration Final |
45 Years 9 Months |
0 |
No |
|
|||||
|
FURNSTEEL (PTY)LTD |
M1957/001833/07 |
Deregistration Final |
56 Years 8 Months |
0 |
No |
|
|||||
|
GULF PROPERTIES (BLOEMFONTEIN) (PTY)LTD |
M1988/003206/07 |
Deregistration Final |
25 Years 1 Months |
0 |
No |
|
|||||
|
GULF STEEL (WELKOM) (PTY)LTD |
M1986/000125/07 |
Deregistration Final |
27 Years 3 Months |
0 |
No |
|
|||||
|
HOUSTON STEEL MERCHANTS (PTY)LTD |
M1985/005341/07 |
Deregistration Final |
28 Years 4 Months |
0 |
No |
|
|||||
|
INOX PROPERTIES (PTY)LTD |
M1980/001575/07 |
Deregistration Final |
33 Years 9 Months |
0 |
No |
|
|||||
|
L LEFTIN TRUST PROPERTIES (PTY)LTD |
M1968/011656/07 |
Deregistration Final |
45 Years 9 Months |
0 |
No |
|
|||||
|
MACSTEEL CORPORATE SERVICES (PTY)LTD |
M1957/001834/07 |
Deregistration Final |
56 Years 8 Months |
0 |
No |
|
|||||
|
MACSTEEL PROPERTY HOLDINGS (PTY)LTD |
M1966/012094/07 |
Deregistration Final |
47 Years 11 Months |
0 |
No |
|
|||||
|
MACSTEEL TRADING (PTY)LTD |
M1976/003947/07 |
In Business |
37 Years 1 Months |
4 |
No |
|
|||||
|
N T C PROPERTY (STRUANDALE) (PTY)LTD |
M1988/006722/07 |
Deregistration Final |
25 Years 1 Months |
0 |
No |
|
|||||
|
NATIONAL FLANGES (PTY)LTD |
M1966/010675/07 |
Deregistration Final |
47 Years 11 Months |
0 |
No |
|
|||||
|
NATIONAL TRADING HOLDINGS (PTY)LTD |
M1987/000735/07 |
Deregistration Final |
26 Years 2 Months |
0 |
No |
|
|||||
|
RAPHAELY INTERNATIONAL HOLDINGS (PTY)LTD |
M1976/000391/07 |
Deregistration Final |
37 Years 1 Months |
0 |
No |
|
|||||
|
SALTON (SOUTH AFRICA) (PTY)LTD |
M1968/004779/07 |
Deregistration Final |
45 Years 9 Months |
0 |
No |
|
|||||
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.16 |
|
UK Pound |
1 |
Rs.103.44 |
|
Euro |
1 |
Rs.85.27 |
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.