|
Report Date : |
24.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
PETER BUTTNER SPORTS CC |
|
|
|
|
Registered Office : |
11 MIDDEL STREET, BELVILLE,
WESTERN CAPE, 7530 |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
23.02.1993 |
|
|
|
|
Reg. No.: |
B1993/004426/23 |
|
|
|
|
Legal Form : |
Closed Corporation |
|
|
|
|
Line of Business : |
Manufacturer and distributor
of sports equipment and clothing |
|
|
|
|
No. of Employees : |
6 |
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 : |
Slow but 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 – 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 |
PETER BUTTNER SPORTS CC |
|
Country |
South Africa |
|
Subject Contact Person |
PETER JOHN BUTTNER - Managing Member |
|
Assessment |
This is an established business. On investigation contact
was made with PETER JOHN BUTTNER the managing member who assisted with most
of the required information. He however declined to assist with financial
information due to it being confidential. Commitments are being met timeously
with suppliers. A bank code C was obtained for an amount of R 30 000 over a
period of 30 days. Please see the information obtained below. |
|
Registered Name |
PETER BUTTNER SPORTS CC |
|
Trading as/ Division Name |
None |
|
Previous Name |
None |
|
Date of Name Change |
None |
|
Registration Number |
B1993/004426/23 |
|
Registration Date |
1993/02/23 |
|
Date Commenced Trading |
1993-02-23 |
|
Age of Business |
20 Years 11 Months |
|
History of Business |
The the subject commenced trading as a new business in
1993. |
|
History of Principals |
There is 1 active member within the business. |
|
Shareholders/Members/Partners of subject and % holding |
100 % - PETER JOHN BUTTNER |
|
Authorised Share Capital |
R0.00 |
|
Issued Share Capital/Members Contribution |
R0.00 |
|
Status |
In Business |
|
Operations Assessment |
Manufacturer and distributor of sports equipment and
clothing |
|
Industry/ Customers |
Schools and sports clubs |
|
Export |
Unknown |
|
Import |
Yes |
|
Import Countries |
India |
|
Major Industry Code / SICC |
39230 |
|
Definition of Code |
Manufacture of sports goods |
|
Head Office Physical Address |
11 MIDDEL STREET, BELVILLE, WESTERN CAPE, 7530 |
|
Head Office Postal Address |
P 0 BOX 2887, BELVILLE, 7535 |
|
Current Tel Number |
0219492160 |
|
Cell Number |
Unavailable |
|
Current Fax Number |
0219482760 |
|
Current Email Address |
|
|
Web Site Address |
www. peterbuttnerspo rts. co. za |
|
Comments |
|
|
Company Registered Name |
SWANEPOEL VAN DYK INC |
|
Trading Name |
None |
|
Registration Number |
2005/035804/21 |
|
Physical Address |
17 VAN DER BYL STREET, DURBANVILLE, 7550 |
|
Postal Address |
P O BOX 1530, BELLVILLE, 7535 |
|
Contact Person |
NEIL SWANEPOEL |
|
Contact Number |
0219790991 |
|
Email |
|
|
Principals |
|
|
Judgements Against Subject |
None On Record |
|
Judgements Against Principals |
None On Record |
|
Subject Verified as Client |
Yes |
|
Practice Number |
Unavailable |
|
VAT Number |
4220225850 |
|
Tax Number |
9328778155 |
|
BEE Status |
Unavailable |
|
Financial Year End |
Unavailable |
|
No of years in Business |
Unavailable |
|
Website |
Unavailable |
|
Comment |
|
Previous
Auditors Information - No Information on Record
|
Vat Number |
4480141565 |
|
Status |
ACTIVE |
|
Vat Liable Date |
|
|
Tax Number |
9320479026 |
|
Tax Clearance Expire Date |
|
|
Financial Year End |
February |
|
Comment |
|
Black
Economic Empowerment Information - No Information on Record
ISO
Information - No Information on Record
|
Registered |
Yes |
|
Compliance Certified |
Yes |
|
Comment |
|
Subsidiaries
Information - No Information on Record
|
Employees |
||||
|
Number of Employees |
6 |
|||
|
1. Salaried employees |
6 |
|||
|
2. Waged employees |
|
|||
|
3. Permanent employees |
6 |
|||
|
4. Casual employees |
|
|||
|
5. Contracted employees |
|
|||
|
Comment |
|
|||
|
Company Fleet |
||||
|
Company Fleet |
No of vehicles: |
Ownerd/Leased |
Value |
Outstanding Balance |
|
Fleet Operations |
|
|
|
|
|
The Fleet is made up of |
4 |
|||
|
Comment |
|
|||
|
Light delivery Vehicles |
4 |
Owned |
|
|
|
Offices |
Offices |
|
Head Office Owned/ Rented |
Owned |
|
Rental Company |
|
|
Owned by |
PETER JOHN BUTTNER |
|
Value |
|
|
Bond |
|
|
Bank |
|
|
Lease Agreement |
|
|
Lease Expire Date |
|
|
Type of Premises |
Household turned into and office |
|
Comment |
|
Branch
Information - No Information on Record
Organisation
Chart
|
Level |
Position |
Name |
Comment |
|
|
|||
|
1 |
Managing Member |
PETER JOHN BUTTNER |
|
Company Structure (Ownership)
Note: One level up and all levels down
|
Holding |
Company |
Sub |
Comment |
|
100% - PETER JOHN BUTTNER |
PETER BUTTNER SPORTS CC |
|
|
Key Deals
- No Information on Record
|
Trade Reference nr |
Supplier |
Contact |
Surety Value |
Notarial Bonds |
Comment |
|
1 |
DE WET SPORTS |
0215515228 |
|
|
|
|
2 |
EMBROICRAFT |
0214482813 |
|
|
|
|
3 |
LINING AND TEXTILE DISTRIBUTERS |
0219299335 |
|
|
|
Trade
References Detail
|
Nr |
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
|
1 |
15 Years |
|
|
30 Days |
R 30000 |
30 Days |
Good account. The subject has an open account with the
supplier |
|
2 |
30 Years |
|
|
30 Days |
R 30000 |
30 Days |
Good account. The subject has an open account with the
supplier. |
|
3 |
15 Years |
|
|
|
|
|
Good account, however the supplier declined to assist with
further information, as they have a no disclosure policy. |
Judgement - No Information on Record
BusinessRescue- No Information on Record
Default Listing- No Information on Record
Notarial Bonds - No Information on Record
|
Bank |
NEDBANK |
|
Branch |
BELVILLE |
|
Brach Code |
198765 |
|
Bank Account Number |
1036297071 |
|
Type of Account |
CURRENT |
|
Account Name |
PETER BUTTNER SPORTS CC |
|
Overdraft Facilities |
PRIVATE |
|
Bank Code |
C - For R 30 000 |
|
Bank Comment |
The subject's bankers consider them good for all business normal
engagements |
Bank Code History - No Information on Record
Previous Bank Account Information - No Information on Record
Deeds Information - No information on record
|
Number of Principals |
1 |
|
Average Age of Active Principals |
62 |
|
Active Principals Principal - 1of 1 PETER BUTTNER |
|
|
Surname |
BUTTNER |
|
First Name |
PETER |
|
Other Names |
JOHN |
|
Marital Status |
|
|
ID Number |
5211075106003 |
|
Verified ID Number |
Yes |
|
Current Age |
61 Years 6 Months |
|
Designation |
Managing Member |
|
Status |
Active |
|
Appointment Date |
|
|
Physical Address (at time of Appointment) |
11 MIDDLE STREET, BELLVILLE, 7535 |
|
Postal Address |
P 0 BOX 2887, BELLVILLE, 7535 |
|
Current Tel Number |
0219492160 |
|
Cell number |
0824455946 |
|
Shareholding/Membership |
100% |
Principal's
Adverse - No information on record
Business
Information forPETER BUTTNER Principal Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
PETER BUTTNER SPORTS CC |
B1993/004426/23 |
In Business |
21 Years 9 Months |
0 |
No |
|
|
PETER BUTTNER SPORTS WEAR |
5211075106003 |
|
Unknown |
0 |
No |
|
|
THIRD WATCH TRADING 708 (PTY) LTD |
M2005/009142/07 |
In Business |
9 Years 9 Months |
0 |
No |
|
Principal's
Deeds Information - No information on record
Principal Previous Business Interests
Average
Age of Previous Business 26 Years
|
Company Name |
Registration No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
PREMIER-HOUSE
CC |
B1992/030792/23 |
In
Business |
22 Years 10
Months |
0 |
No |
|
|
SPORTS DEPOT
(PTY) LTD |
M1984/008120/07 |
Conversion CO/CC orCC/CO |
30
Years 6 Months |
0 |
No |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.99 |
|
|
1 |
Rs.102.67 |
|
Euro |
1 |
Rs.83.98 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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.