|
Report Date : |
17.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
COUNTRY
ROAD VENTURES (INCORPORATED IN AUSTRALIA) |
|
|
|
|
Registered Office : |
Woolworths
House, 93 Longmarket Street, Cape Town, 8001 |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
29.06.2010 |
|
|
|
|
Com. Reg. No.: |
2010/014092/10 |
|
|
|
|
Legal Form : |
Private Limited |
|
|
|
|
Line of Business : |
Clothing Retailer |
|
|
|
|
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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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. 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 |
COUNTRY
ROAD VENTURES (INCORPORATED IN AUSTRALIA) |
|
Country |
South
Africa |
|
Subject
Contact Person |
JENEE
COHEN - Financial Manager |
|
Assessment |
This
is an established business. On investigation contact was made with JENEE
COHEN, the financial manager, who declined to assist with the required
information. The subject is a division of WOOLWORTHS LTD. Please see the
available information on the subject below. |
|
Registered
Name |
COUNTRY ROAD
VENTURES (INCORPORATED IN AUSTRALIA) |
|
Trading
as/ Division Name |
COUNTRY
ROAD VENTURES |
|
Previous
Name |
None |
|
Date
of Name Change |
None |
|
Registration
Number |
2010/014092/10 |
|
Registration
Date |
2010/06/29 |
|
Date
Commenced Trading |
2010-06-29 |
|
Age
of Business |
3
Years 7 Months |
|
History
of Business |
The
subject commenced trading as a new business in 2010. |
|
History
of Principals |
There
are 5 principals within the business. |
|
Shareholders/Members/Partners
of subject and % holding |
Unavailable |
|
Authorised
Share Capital |
R
0.00 |
|
Issued
Share Capital/Members Contribution |
|
|
Status |
In
Business |
|
Operations
Assessment |
Unavailable |
|
Industry/
Customers |
Unavailable |
|
Export |
Unknown |
|
Export
Countries |
|
|
Import |
Unknown |
|
Import
Countries |
|
|
Major
Industry Code / SICC |
9000 |
|
Definition
of Code |
Other
activities not adequately defined. |
|
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 |
0214079111 |
|
Cell
Number |
Unavailable |
|
Current
Fax Number |
0214073939 |
|
Current
Email Address |
|
|
Web
Site Address |
Unavailable |
|
Comments |
|
|
Company
Registered Name |
ERNST
& YOUNG INC |
|
Trading
Name |
Unavailable |
|
Registration
Number |
2005/002308/21 |
|
Physical
Address |
Wanders
Office Park, 52 Corlett Drive, ILLOVO, 2196 |
|
Postal
Address |
P
O BOX 2322, JOHANNESBURG, 2000 |
|
Contact
Person |
MARI
OPPO |
|
Contact
Number |
0117723000 |
|
Email |
Unavailable |
|
Principals |
|
|
Judgements
Against Subject |
None
On Record |
|
Judgements
Against Principals |
None
On Record |
|
Subject
Verified as Client |
Yes |
|
Practice
Number |
Unavailable |
|
VAT
Number |
4280230949 |
|
Tax
Number |
Unavailable |
|
BEE
Status |
Unavailable |
|
Financial
Year End |
June |
|
No
of years in Business |
Unknown |
|
Website |
|
|
Comment |
|
Previous Auditors Information -
No Information on Record
|
Vat
Number |
Unavailable |
|
Status |
|
|
Vat
Liable Date |
|
|
Tax
Number |
9356008178 |
|
Tax
Clearance Expire Date |
|
|
Financial
Year End |
Unavailable |
|
Comment |
|
Black
Economic Empowerment Information - No Information on Record
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
Organisational
Chart - No Information on Record
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
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
|
Number
of Principals |
5 |
|
Average
Age of Active Principals |
52 |
Active
Principals
Principal
- 1of 5
OLIVER KYSELA
|
Surname |
KYSELA |
|
First
Name |
OLIVER |
|
Other
Names |
None |
|
Marital
Status |
|
|
ID
Number |
7310220000000 |
|
Verified
ID Number |
No |
|
Current
Age |
40
Years 3 Months |
|
Designation |
DIRECTOR |
|
Status |
Active |
|
Appointment
Date |
2012/10/02 |
|
Physical
Address (at time of Appointment) |
8
KENT ROAD, MACLEOD VIC, 3085 |
|
Postal
Address |
8
KENT ROAD, MACLEOD VIC, 3085 |
|
Current
Tel Number |
0214079111 |
|
Cell
number |
Unavailable |
|
Shareholding/Membership |
0.00 |
Business
Information for OLIVER KYSELA
Principal Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
COUNTRY ROAD VENTURES
(INCORPORATED IN AUSTRALIA) |
M2010/014092/10 |
In Business |
4 Years 4 Months |
0 |
No |
|
Principal's
Deeds Information - No information on record
Principal - 2of 5
IAIN NAIRN
|
Surname |
NAIRN |
|
First
Name |
IAIN |
|
Other
Names |
WISHART |
|
Marital
Status |
|
|
ID
Number |
6112180000000 |
|
Verified
ID Number |
No |
|
Current
Age |
52
Years 1 Months |
|
Designation |
DIRECTOR |
|
Status |
Active |
|
Appointment
Date |
2012/10/02 |
|
Physical
Address (at time of Appointment) |
61
SPRING ST EAST, PORT MELBOURNE, AUSTRALIA, 0000 |
|
Postal
Address |
61
SPRING ST EAST, PORT MELBOURNE, AUSTRALIA, 0000 |
|
Current
Tel Number |
Unavailable |
|
Cell
number |
Unavailable |
|
Shareholding/Membership |
0.00 |
Business
Information forIAIN NAIRN
Principal Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
COUNTRY ROAD VENTURES
(INCORPORATED IN AUSTRALIA) |
M2010/014092/10 |
In Business |
4 Years 4 Months |
0 |
No |
|
|
WITCHERY FASHIONS SA (PTY)LTD |
M2010/015845/07 |
In Business |
4 Years 4 Months |
0 |
No |
|
Principal's
Deeds Information - No information on record
Principal - 3of 5
SOPHIE
BALDERSTONE
|
Surname |
BALDERSTON |
|
First
Name |
SOPHIE |
|
Other
Names |
None |
|
Marital
Status |
|
|
ID
Number |
L4316532 |
|
Verified
ID Number |
No |
|
Current
Age |
48
Years 7 Months |
|
Designation |
DIRECTOR |
|
Status |
Active |
|
Appointment Date |
2010/10/20 |
|
Physical
Address (at time of Appointment) |
3 THE AVENUE, TOORAK, 3142 |
|
Postal Address |
3 THE AVENUE, TOORAK, 3142 |
|
Current Tel Number |
0214079111 |
|
Cell number |
Unavailable |
|
Shareholding/Membership |
0.00 |
Business
Information forSOPHIE BALDERSTONE
Principal
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
COUNTRY ROAD VENTURES
(INCORPORATED IN AUSTRALIA) |
M2010/014092/10 |
In Business |
4 Years 4 Months |
0 |
No |
|
Principal's
Deeds Information - No information on record
Principal - 4of 5
IAN MOIR
|
Surname |
MOIR |
|
First
Name |
IAN |
|
Other
Names |
None |
|
Marital
Status |
|
|
ID
Number |
5812100000000 |
|
Verified
ID Number |
No |
|
Current
Age |
55
Years 1 Months |
|
Designation |
DIRECTOR |
|
Status |
Active |
|
Appointment
Date |
2010/06/29 |
|
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 |
0214079111 |
|
Cell
number |
Unavailable |
|
Shareholding/Membership |
0.00 |
Business
Information forIAN MOIR
Principal Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
COUNTRY ROAD
VENTURES (INCORPORATED IN AUSTRALIA) |
M2010/014092/10 |
In
Business |
4 Years
4 Months |
0 |
No |
|
|
WOOLWORTHS
(PTY)LTD |
M1956/000518/07 |
In
Business |
58 Years
10 Months |
0 |
No |
|
|
WOOLWORTHS DEVELOPMENTS (PTY)LTD |
M1980/007481/07 |
In Business |
34 Years
10 Months |
0 |
No |
|
|
WOOLWORTHS
HOLDINGS LTD |
M1929/001986/06 |
In
Business |
85 Years
1 Months |
0 |
No |
|
Principal's
Deeds Information - No information on record
Principal - 5of 5
NORMAN THOMSON
|
Surname |
THOMSON |
|
First
Name |
NORMAN |
|
Other
Names |
None |
|
Marital
Status |
|
|
ID
Number |
5106265076083 |
|
Verified
ID Number |
Yes |
|
Current
Age |
62
Years 7 Months |
|
Designation |
DIRECTOR |
|
Status |
Active |
|
Appointment
Date |
2010/06/29 |
|
Physical
Address (at time of Appointment) |
22
NELSON WAY, SIMON'S TOWN, 7975 |
|
Postal
Address |
P
O BOX 680, CAPE TOWN, WESTERN CAPE, 8001 |
|
Current
Tel Number |
0216806204 |
|
Cell
number |
0832513654 |
|
Shareholding/Membership |
0.00 |
Business
Information forNORMAN THOMSON
Principal
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
ACCOUNT
ON US (PTY)LTD |
M2004/017415/07 |
In Business |
10
Years 10 Months |
0 |
No |
|
COUNTRY ROAD VENTURES (INCORPORATED IN
AUSTRALIA) |
M2010/014092/10 |
In Business |
4
Years 4 Months |
0 |
No |
|
E-COM INVESTMENTS 16 (PTY)LTD |
M2001/018715/07 |
In Business |
13
Years 1 Months |
0 |
No |
|
INTHEBAG
(PTY)LTD |
M2000/000225/07 |
In Business |
14
Years 2 Months |
0 |
No |
|
ISENTIALS
(PTY)LTD |
M2003/019862/07 |
In Business |
11
Years 11 Months |
0 |
No |
|
MARKS AND SPENCER (S A) (PTY)LTD |
M1957/002437/07 |
In Business |
57
Years 9 Months |
0 |
No |
|
NATION-WIDE
RECOVERY SERVICES (PTY)LTD |
M1997/010435/07 |
In Business |
17
Years 5 Months |
0 |
No |
|
THE
SECOND MOUSE INVESTMENTS (PTY)LTD |
M2000/029065/07 |
In Business |
14
Years 2 Months |
0 |
No |
|
UNIVERSAL
PRODUCT NETWORKS (PTY)LTD |
M1999/024569/07 |
In Business |
15
Years 3 Months |
1 |
No |
|
UP-FRONT
INVESTMENTS 132 (PTY)LTD |
M2000/003242/07 |
In Business |
14
Years 2 Months |
0 |
No |
|
VIRTUAL
MARKET PLACE (PTY)LTD |
M1997/016316/07 |
In Business |
17
Years 5 Months |
0 |
No |
|
WITCHERY FASHIONS SA (PTY)LTD |
M2010/015845/07 |
In Business |
4
Years 4 Months |
0 |
No |
|
WOOLWORTHS
(PTY)LTD |
M1956/000518/07 |
In Business |
58
Years 10 Months |
0 |
No |
|
WOOLWORTHS DEVELOPMENTS (PTY)LTD |
M1980/007481/07 |
In Business |
34
Years 10 Months |
0 |
No |
|
WOOLWORTHS
FINANCIAL SERVICES (PTY)LTD |
M2000/009327/07 |
In Business |
14
Years 2 Months |
0 |
No |
Principal
Previous Business Interests
Average
Age of Previous Business 42
Years
|
Company Name |
Registration No |
Status |
Age
of Business |
Judgements |
Liquidation |
|
AFFINITY
LOGISTICS (PTY)LTD |
M1998/006307/07 |
Deregistration
Final |
16 Years 4 Months |
0 |
No |
|
WOOLWORTHS (CLAREMONT) PROPERTIES SHARE
BLOCK (PTY)LTD |
M1950/038775/07 |
Deregistration
Final |
64 Years 4 Months |
0 |
No |
|
WOOLWORTHS COMPUTER SERVICES (PTY)LTD |
M1964/001761/07 |
Deregistration
Final |
50 Years 2 Months |
0 |
No |
|
WOOLWORTHS
FINANCE (PTY)LTD |
M1976/004350/07 |
Deregistration
Final |
38 Years 2 Months |
0 |
No |
Principal's
Deeds Information - No information on record
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.53 |
|
|
1 |
Rs.100.73 |
|
Euro |
1 |
Rs.83.84 |
INFORMATION DETAILS
|
Report Prepared
by : |
NNA |
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.