MIRA INFORM REPORT

 

 

Report Date :

03.07.2014   

 

IDENTIFICATION DETAILS

 

Name :

DAVINSCOT TONGAAT (PTY) LTD

 

 

Registered Office :

27 Edmund Morewood Road, Tongaat, 4400 Private Bag X47, Tongaat, 4400

 

 

Country :

South Africa

 

 

Date of Incorporation :

08.03.1984

 

 

Com. Reg. No.:

M1984/002350/07

 

 

Legal Form :

Private Company

 

 

Line of Business :

Manufacture of women's, girls' and infants' clothing

 

 

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 – March 31, 2014

 

Country Name

Previous Rating

(31.12.2013)

Current Rating

(31.03.2014)

South Africa

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low Risk

 

A2

Moderate Low Risk

 

B1

Moderate Risk

 

B2

Moderate High Risk

 

C1

High Risk

 

C2

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

DAVINSCOT TONGAAT (PTY)LTD

Country

South Africa

Enquiry Terms

COD

Subject Contact Person

GRAM BUCK - Financial Director

Assessment

On investigation contact was made with GRAM BUCK the financial director of the company who declined to assist with the information. The subject declined to assist as the company is no longer doing any business in India. Please see the available information on the subject below obtained.

 

 

Company information

 

Registered Name

DAVINSCOT TONGAAT (PTY)LTD

Trading as/ Division Name

DVSCT

Previous Name

None

Date of Name Change

None

Registration Number

M1984/002350/07

Registration Date

1984/03/08

Date Commenced Trading

1984-03-08

Age of Business

30 Years 3 Months

History of Business

The company is in operation for the past 30 Years 3 Months..

History of Principals

There are 7 active directors of the company.

Shareholders/Members/Partners of subject and % holding

Unavailable

Authorised Share Capital

R 0.00

Issued Share Capital/Members Contribution

R 0.00

Status

In Business

Operations Assessment

The company operates as a manufacturer and distributor of clothing

Industry/ Customers

Major clothing retailers

Export

Unknown

Export Countries

 

Import

Unknown

Import Countries

 

Major Industry Code / SICC

31402

Definition of Code

Manufacture of women's, girls' and infants' clothing

Head Office Physical Address

27 EDMUND MOREWOOD ROAD, TONGAAT, 4400

Head Office Postal Address

PRIVATE BAG X47, TONGAAT, 4400

Current Tel Number

0312035600

Cell Number

Unavailable

Current Fax Number

0329443116

Current Email Address

gb@davinscot.co.za

Web Site Address

www.davinscot.co.za

Comments

 

 

 

Auditors information

 

Company Registered Name

MAZARS INC

Trading Name

MAZARS

Registration Number

M2005/025794/21

Physical Address

5 St Davids Place, PARKTOWN, 2193

Postal Address

P O BOX 2817, CAPE TOWN, 8000

Contact Person

DION

Contact Number

0115474000

Email

Unavailable

Principals

54

Judgements Against Subject

None On Record

Judgements Against Principals

None On Record

Subject Verified as Client

Yes

Practice Number

900222

VAT Number

Unavailable

Tax Number

9814795143

BEE Status

Unavailable

Financial Year End

August

No of years in Business

4 Years 2 Months

Website

www.mazars.co.za

Comment

 

 

Previous Auditors Information - No Information on Record

 

 

Tax information

 

Vat Number

4550109260

Status

 

Vat Liable Date

 

Tax Number

9065064207

Tax Clearance Expire Date

 

Financial Year End

June

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

 

Position

 

Name

 

Director

DEBORAH ANDERSON

Director

DOUGLAS GRAHAM BUCK

Director

JOHN ANDREW EVANS

Director

PAUL STAVELEY HOWARD

Director

ERIC GRAHAM THOMAS

Director

MICHAEL FREDERICK WHITEHEAD

Director

FREDERICK JOHANNES WESSELS

 

Note: One level up and all levels down

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

 

 

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

7

Average Age of Active Principals

58

Active Principals Principal - 1 of 7 DEBORAH ANDERSON

Surname

ANDERSON

First Name

DEBORAH

Other Names

 

Marital Status

 

ID Number

7104241019085

Verified ID Number

Yes

Current Age

43 Years 2 Months

Designation

DIRECTOR

Status

Active

Appointment Date

2007/04/24

Physical Address (at time of Appointment)

15 KILBURN AVENUE, MUSGRAVE, DURBAN, 4001

Postal Address

15 KILBURN AVENUE, MUSGRAVE, DURBAN, 4001

Current Tel Number

0312035600

Cell number

0834698330

Shareholding/Membership

0.00

 

Business Information for DEBORAH ANDERSON Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

BUFFALO CLOTHING CC

B1997/023708/23

In Business

17 Years 5 Months

0

No

 

DAVINSCOT

TONGAAT

(PTY)LTD

M1984/002350/07

In Business

30 Years 6 Months

0

No

 

ELEPHANT CLOTHING CC

B1999/041504/23

In Business

15 Years 3 Months

0

No

 

GIRAFFE CLOTHING CC

B1994/030532/23

In Business

20 Years 8 Months

0

No

 

RHINOCEROS CLOTHING CC

B1999/041481/23

In Business

15 Years 3 Months

0

No

 

WARTHOG CLOTHING CC

B1999/041568/23

In Business

15 Years 3 Months

0

No

 

 


 

Principal - 2 of 7 GRAHAM BUCK

 

Surname

BUCK

First Name

GRAHAM

Other Names

 

Marital Status

 

ID Number

6001015068101

Verified ID Number

Yes

Current Age

Unknown

Designation

DIRECTOR

Status

Active

Appointment Date

1995/11/23

Physical Address (at time of Appointment)

9 KIRTLINGTON PARK, INANDA ROAD, HILLCREST, 3610

Postal Address

P O BOX 30091, MAYVILLE, NATAL, 4058

Current Tel Number

0312035600

Cell number

0832572077

Shareholding/Membership

0.00

 

 

Business Information for GRAHAM BUCK

Principal Current Business Interests

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

BUFFALO CLOTHING CC

B1997/023708/23

In Business

17 Years 5 Months

0

No

 

CANERAT CLOTHING CC

B1997/023958/23

In Business

17 Years 5 Months

0

No

 

DAVINSCOT DURBAN (PTY)LTD

M1989/004152/07

In Business

25 Years 1 Months

0

No

 

DAVINSCOT

INVESTMENTS

(PTY)LTD

M1984/002348/07

In Business

30 Years 6 Months

0

No

 

DAVINSCOT

KWAZULU-NATAL

(PTY)LTD

M1984/001100/07

In Business

30 Years 6 Months

0

No

 

DAVINSCOT

TONGAAT

(PTY)LTD

M1984/002350/07

In Business

30 Years 6 Months

0

No

 

ELEPHANT CLOTHING CC

B1999/041504/23

In Business

15 Years 3 Months

0

No

 

FALSE BAY

CANNERS

(PTY)LTD

M1957/002172/07

In Business

57 Years 9 Months

0

No

 

GIRAFFE CLOTHING CC

B1994/030532/23

In Business

20 Years 8 Months

0

No

 

RHINOCEROS CLOTHING CC

B1999/041481/23

In Business

15 Years 3 Months

0

No

 

WARTHOG CLOTHING CC

B1999/041568/23

In Business

15 Years 3 Months

0

No

 

 

 

Principal - 3 of 7 JOHN EVANS

Surname

EVANS

First Name

JOHN

Other Names

 

Marital Status

 

ID Number

4909245152101

Verified ID Number

Yes

Current Age

64 Years 9 Months

Designation

DIRECTOR

Status

Active

Appointment Date

1995/11/23

Physical Address (at time of Appointment)

13 CECELIA CLOSE, BALLITO, DURBAN, 4420

Postal Address

P O BOX 284, TONGAAT, 4420

Current Tel Number

 

Cell number

 

Shareholding/Membership

0.00

 

 

Business Information for JOHN EVANS

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

BUFFALO CLOTHING CC

B1997/023708/23

In Business

17 Years 5 Months

0

No

 

CANERAT CLOTHING CC

B1997/023958/23

In Business

17 Years 5 Months

0

No

 

DAVINSCOT DURBAN (PTY)LTD

M1989/004152/07

In Business

25 Years 1 Months

0

No

 

DAVINSCOT

KWAZULU-NATAL

(PTY)LTD

M1984/001100/07

In Business

30 Years 6 Months

0

No

 

DAVINSCOT

TONGAAT

(PTY)LTD

M1984/002350/07

In Business

30 Years 6 Months

0

No

 

ELEPHANT CLOTHING CC

B1999/041504/23

In Business

15 Years 3 Months

0

No

 

FALSE BAY

CANNERS

(PTY)LTD

M1957/002172/07

In Business

57 Years 9 Months

0

No

 

GIRAFFE CLOTHING CC

B1994/030532/23

In Business

20 Years 8 Months

0

No

 

RHINOCEROS CLOTHING CC

B1999/041481/23

In Business

15 Years 3 Months

0

No

 

WARTHOG CLOTHING CC

B1999/041568/23

In Business

15 Years 3 Months

0

No

 

 

 

Principal Previous Business Interests

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

RAGS TO RICHES INVESTMENTS CC

B2005/063814/23

Deregistration Final

9 Years 9 Months

0

No

 

 

Principal - 4 of 7 M MALUKA

 

Surname

MALUKA

First Name

M

Other Names

 

Marital Status

 

ID Number

5510240000000

Verified ID Number

No

Current Age

58 Years 8 Months

Designation

DIRECTOR

Status

Active

Appointment Date

1995/11/23

Physical Address (at time of Appointment)

6 COLENSO STREET, PAULSHOF, SANDTON, 2196

Postal Address

PO BOX 7115, JOHANNESBURG, 2000

Current Tel Number

 

Cell number

 

Shareholding/Membership

0.00

 

Business Information for M MALUKA

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

DAVINSCOT DURBAN (PTY)LTD

M1989/004152/07

In Business

25 Years 1 Months

0

No

 

DAVINSCOT

TONGAAT

(PTY)LTD

M1984/002350/07

In Business

30 Years 6 Months

0

No

 

GERBER FRESH (PTY)LTD

M1991/004314/07

In Business

23 Years 11 Months

0

No

 

GERBER GOLDSCHMIDT GROUP (S A) (PTY)LTD

M1966/011255/07

In Business

0

0

No

 

JAMES RALPH TECHNO (PTY)LTD

M1997/021494/07

In Business

17 Years 5 Months

1

No

 

SANJI SECURITY SYSTEMS (PTY)LTD

M1958/000540/07

In Business

56 Years 8 Months

0

No

 

SOUTHERN PRIDE FOODS (PTY)LTD

M1993/004510/07

In Business

21 Years 9 Months

0

No

 

VELTOPAK COATING AND FINISHING (PTY)LTD

M1988/007117/07

In Business

26 Years 2 Months

0

No

 

 

 

Principal Deeds Information

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

66 WIERDA ROAD EAST (PTY)LTD

M1988/001023/07

Deregistration Final

26 Years 2 Months

0

No

 

D S HEAVY DUTY

COMPONENTS

(PTY)LTD

M1979/004088/07

Deregistration Final

35 Years 11 Months

0

No

 

DAVINSCOT KWAZULU -NATAL (PTY)LTD

M1984/001100/07

In Business

30 Years 6 Months

0

No

 

SELNOV (S A) (PTY)LTD

M1988/007116/07

Deregistration Final

26 Years 2 Months

0

No

 

ULTRA.SERV (S.A.) (PTY)LTD

M1957/003164/07

In Business

57 Years 9 Months

0

No

 

ZEST INVESTMENTS (PTY)LTD

M1986/003980/07

Deregistration Final

28 Years 4 Months

0

No

 

 

 

Principal - 5 of 7 EG THOMAS

 

Surname

THOMAS

First Name

E G

Other Names

 

Marital Status

 

ID Number

5406295040004

Verified ID Number

Yes

Current Age

60 Years

Designation

DIRECTOR

Status

Active

Appointment Date

1995/11/23

Physical Address (at time of Appointment)

30 MAC DONALD DRIVE, COWIES HILL, PINETOWN, 3610

Postal Address

30 MACDONALD ROAD, COWIES HILL, PINETOWN, 3610

Current Tel Number

0312035600

Cell number

0827838553

Shareholding/Membership

0.00

 

Business Information for E G THOMAS

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

BUFFALO CLOTHING CC

B1997/023708/23

In Business

17 Years 5 Months

0

No

 

CANERAT CLOTHING CC

B1997/023958/23

In Business

17 Years 5 Months

0

No

 

DAVINSCOT DURBAN (PTY)LTD

M1989/004152/07

In Business

25 Years 1 Months

0

No

 

DAVINSCOT

INVESTMENTS

(PTY)LTD

M1984/002348/07

In Business

30 Years 6 Months

0

No

 

DAVINSCOT

KWAZULU-NATAL

(PTY)LTD

M1984/001100/07

In Business

30 Years 6 Months

0

No

 

DAVINSCOT

TONGAAT

(PTY)LTD

M1984/002350/07

In Business

30 Years 6 Months

0

No

 

ELEPHANT CLOTHING CC

B1999/041504/23

In Business

15 Years 3 Months

0

No

 

FALSE BAY

CANNERS

(PTY)LTD

M1957/002172/07

In Business

57 Years 9 Months

0

No

 

GIRAFFE CLOTHING CC

B1994/030532/23

In Business

20 Years 8 Months

0

No

 

RHINOCEROS CLOTHING CC

B1999/041481/23

In Business

15 Years 3 Months

0

No

 

WARTHOG CLOTHING CC

B1999/041568/23

In Business

15 Years 3 Months

0

No

 

 

 

Title Deed No.

T36593/2011

Erf/Site No.

768

Deeds Office

CAPE TOWN

Physical Address

SEA VISTA ST FRANCIS BAY

Property Type

E

Extent / Size

 

Purchase Date

2002/12/20

Purchase price

R 200000.00

% Ownership

0.00

Bond Holder

 

Bond Number

 

Bond Amount

R 0.00

Comment

 

 

Principal - 6 of 7 MICHAEL WHITEHEAD

 

Surname

WHITEHEAD

First Name

MICHAEL

Other Names

F DAVINSCOT

Marital Status

 

ID Number

5307035108103

Verified ID Number

Yes

Current Age

61 Years 3 Months

Designation

DIRECTOR

Status

Active

Appointment Date

1995/11/23

Physical Address (at time of Appointment)

3 SYLVAN GROVE, UMHLANGA ROCKS, NATAL, 4319

Postal Address

PRIVATE BAG X 47, TONGAAT, 4400

Current Tel Number

0319443116

Cell number

0837773946

Shareholding/Membership

0.00

 

Business Information for MICHAEL WHITEHEAD

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

GIRAFFE CLOTHING CC

B1994/030532/23

In Business

20 Years 8 Months

0

No

 

BUFFALO CLOTHING CC

B1997/023708/23

In Business

17 Years 5 Months

0

No

 

CANERAT CLOTHING CC

B1997/023958/23

In Business

17 Years 5 Months

0

No

 

DAVINSCOT DURBAN (PTY)LTD

M1989/004152/07

In Business

25 Years 1 Months

0

No

 

DAVINSCOT

KWAZULU-NATAL

(PTY)LTD

M1984/001100/07

In Business

30 Years 6 Months

0

No

 

DAVINSCOT

TONGAAT

(PTY)LTD

M1984/002350/07

In Business

30 Years 6 Months

0

No

 

ELEPHANT CLOTHING CC

B1999/041504/23

In Business

15 Years 3 Months

0

No

 

FALSE BAY

CANNERS

(PTY)LTD

M1957/002172/07

In Business

57 Years 9 Months

0

No

 

RHINOCEROS CLOTHING CC

B1999/041481/23

In Business

15 Years 3 Months

0

No

 

WARTHOG CLOTHING CC

B1999/041568/23

In Business

15 Years 3 Months

0

No

 

 

Principal - 7 of 7 FREDERICK WESSELS

 

Surname

WESSELS

First Name

FREDERICK

Other Names

 

Marital Status

 

ID Number

4501175137085

Verified ID Number

Yes

Current Age

68 Years 7 Months

Designation

DIRECTOR

Status

Active

Appointment Date

1991/01/29

Physical Address (at time of Appointment)

15 LAFAYETTE, SANDHURST ESTATE, 39 HARROW ROAD, SANDTON, 2196

Postal Address

PO BOX 7115, JOHANNESBURG, 2000

Current Tel Number

0116520752

Cell number

0825550707

Shareholding/Membership

0.00

 

Business Information for FREDERICK WESSELS

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

106 16TH ROAD

MIDRAND

(PTY)LTD

M1970/016394/07

In Business

44 Years 8 Months

0

No

 

BOLAND PULP (PTY)LTD

M1996/010660/07

In Business

18 Years 6 Months

0

No

 

BOLAND PULP PROPERTY HOLDINGS (PTY)LTD

M1982/010876/07

In Business

32 Years 8 Months

0

No

 

DAVINSCOT DURBAN (PTY)LTD

M1989/004152/07

In Business

25 Years 1 Months

0

No

 

DAVINSCOT

TONGAAT

(PTY)LTD

M1984/002350/07

In Business

30 Years 6 Months

0

No

 

GERBER FASTENING SYSTEMS (PTY)LTD

M1972/003546/07

In Business

42 Years 6 Months

0

No

 

GERBER FRESH (PTY)LTD

M1991/004314/07

In Business

23 Years 11 Months

0

No

 

GERBER GLASS (PTY)LTD

M1969/015050/07

In Business

45 Years 9 Months

0

No

 

GERBER GOLDSCHMIDT GROUP (S A) (PTY)LTD

M1966/011255/07

In Business

0

0

No

 

GERBER GOLDSCHMIDT TRADING (PTY)LTD

M1968/007753/07

Deregistration Process

46 Years 10 Months

0

No

 

GERBER PAPER (PTY)LTD

M1968/007909/07

Deregistration Process

46 Years 10 Months

0

No

 

GGG HOLDINGS (PTY)LTD

M1988/007115/07

In Business

26 Years 2 Months

0

No

 

JAMES RALPH (PTY)LTD

M1996/006819/07

In Business

18 Years 6 Months

0

No

 

JAMES RALPH TECHNO (PTY)LTD

M1997/021494/07

In Business

17 Years 5 Months

1

No

 

M H GOLDSCHMIDT (PTY)LTD

M1988/000973/07

In Business

26 Years 2 Months

0

No

 

NEW ADVENTURE INVESTMENTS 30 (PTY)LTD

M1982/010324/07

In Business

32 Years 8 Months

0

No

 

SANJI

ELECTRONICS (PTY)LTD

M1991/002911/07

In Business

23 Years 11 Months

0

No

 

 

SANJI SECURITY SYSTEMS (PTY)LTD

M1958/000540/07

In Business

56 Years 8 Months

0

No

 

SELNOV FINANCE (PTY)LTD

M1992/007413/07

In Business

22 Years 10 Months

0

No

 

SELNOV

INVESTMENTS

(PTY)LTD

M1988/000412/07

Deregistration Process

26 Years 2 Months

0

No

 

SOUTHERN CANNED PRODUCTS (PTY)LTD

M2001/003911/07

In Business

13 Years 1 Months

0

No

 

SOUTHERN PRIDE FOODS (PTY)LTD

M1993/004510/07

In Business

21 Years 9 Months

0

No

 

TEKGLASS (PTY)LTD

M1986/005044/07

Deregistration Process

28 Years 4 Months

0

No

 

THE CRESCENT PROPERTY INVESTMENT C-G (PTY)LTD

M1996/013386/07

In Business

18 Years 6 Months

0

No

 

VELTOPAK COATING AND FINISHING (PTY)LTD

M1988/007117/07

In Business

26 Years 2 Months

0

No

 

 

 

Principal Deeds Information

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

ADSANI EXPLORATION (PTY)LTD

M2000/003775/07

In Business

14 Years 2 Months

0

No

 

AGRICARMEL (PTY)LTD

M1983/003841/07

Deregistration Process

31 Years 7 Months

0

No

 

AGRIGOLD (PTY)LTD

M1962/004249/07

Deregistration Final

52 Years 4 Months

0

No

 

DAVINSCOT KWAZULU -NATAL (PTY)LTD

M1984/001100/07

In Business

30 Years 6 Months

0

No

 

DERBY MEWS CC

B1998/019101/23

Deregistration Final

16 Years 4 Months

0

No

 

E M A ELECTRONIC

COMPONENTS

(PTY)LTD

M1987/002385/07

In Business

27 Years 3 Months

0

No

 

FIFTEEN LAFAYETTE-SANDHURST CC

B1998/043190/23

Deregistration Final

16 Years 4 Months

0

No

 

KAQALA

INVESTMENTS 47 CC

B1997/007731/23

Deregistration Final

17 Years 5 Months

0

No

 

PHARMAPLAN (PTY)LTD

M1996/017921/07

In Business

18 Years 6 Months

0

No

 

XPROCURE SOFTWARE SA (PTY)LTD

M2000/020443/07

In Business

14 Years 2 Months

0

No

 

 

 

 

Title Deed No.

T112766/2003

Erf/Site No.

6371

Deeds Office

CAPE TOWN

Physical Address

1 MYBURGH RUYTEPLAATS PRIVATE MOUNTAIN ESTATE HOUT BAY

Property Type

E

Extent / Size

 

Purchase Date

2003/09/06

Purchase price

R 3800000.00

% Ownership

0.00

Bond Holder

 

Bond Number

 

Bond Amount

R 0.00

Comment

 

Property Interests for FREDERICK WESSELS

Title Deed No.

T48384/2013

Erf/Site No.

1211

Deeds Office

CAPE TOWN

Physical Address

PATERNOSTER

Property Type

E

Extent / Size

328.0SQM

Purchase Date

2013/05/30

Purchase price

R 5800000.00

% Ownership

0.00

Bond Holder

 

Bond Number

 

Bond Amount

R 0.00

Comment

 

Property Interests for FREDERICK WESSELS

Title Deed No.

T14632/2012

Erf/Site No.

1208

Deeds Office

CAPE TOWN

Physical Address

MOSSELBANK PATERNOSTER

Property Type

E

Extent / Size

 

Purchase Date

2012/02/15

Purchase price

R 3500000.00

% Ownership

0.00

Bond Holder

 

Bond Number

 

Bond Amount

R 0.00

Comment

 

 

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.59.97

UK Pound

1

Rs.102.90

Euro

1

Rs.82.02

 

INFORMATION DETAILS

 

Analysis Done by :

SUB

 

 

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.