|
Report Date : |
19.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
MOOMOO KIDSWEAR CC |
|
|
|
|
Registered Office : |
Unit 1 Westdene Business Park, Westlake Drive, Westlake, Western
Cape, 7945 14 Idalia Road, Kirstenhof,
7945 |
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|
|
|
Country : |
|
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|
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|
Date of Incorporation : |
11.02.2011 |
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Com. Reg. No.: |
B2011/016582/23 |
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|
|
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Legal Form : |
Private Company |
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|
|
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Line of Business : |
Manufactures
high quality products such as; gowns, rainsuits,
hats, clothing, sunwear and sleeping bags for
babies and toddlers. |
|
|
|
|
No. of Employees |
06 |
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 |
|
Subject
Name |
MOOMOO KIDSWEAR CC |
|
Country |
South
Africa |
|
Enquiry
Terms |
COD |
|
Assessment |
This is
a new business. On investigation contact was made with CAM GEORGINA SHACKLETON,
the member who declined to assist with the required information, as she
stated that she has no suppliers in the far east. Please see the available
information on the subject below. |
|
Registered
Name |
MOOMOO KIDSWEAR CC |
|
Trading
as/ Division Name |
None |
|
Previous
Name |
None |
|
Date of
Name Change |
None |
|
Registration
Number |
B2011/016582/23 |
|
Registration
Date |
2011/02/11 |
|
Date
Commenced Trading |
2011-02-11 |
|
Age of
Business |
3 Years 5
Months |
|
History
of Business |
The
subject was registered in 2011, however it has been in business since June
2005. It began when the member started making sleeping bags that she had seen
in London. The product eventually spread through family and friends, which
gave birth to the business idea of MOOMOO KIDSWEAR CC. |
|
History
of Principals |
There is
1 active member within the business. |
|
Shareholders/Members/Partners
of subject and % holding |
100 % -
CAM GEORGINA SHACKLETON |
|
Authorised Share Capital |
|
|
Issued
Share Capital/Members Contribution |
|
|
Status |
In
Business |
|
Operations
Assessment |
The
subject manufactures high quality products such as; gowns, rainsuits, hats, clothing, sunwear
and sleeping bags for babies and toddlers. |
|
Industry/
Customers |
Wholesalers
and general retail stores |
|
Export |
Unknown |
|
Export
Countries |
|
|
Import |
Unknown |
|
Import
Countries |
|
|
Major
Industry Code / SICC |
31290 |
|
Definition
of Code |
Manufacture
of other textiles n.e.c. |
|
Head
Office Physical Address |
UNIT 1 WESTDENE BUSINESS PARK,
WESTLAKE DRIVE, WESTLAKE, WESTERN CAPE, 7945 |
|
Head
Office Postal Address |
14
IDALIA ROAD, KIRSTENHOF, 7945 |
|
Current
Tel Number |
0217022174 |
|
Cell
Number |
Unavailable |
|
Current
Fax Number |
Unavailable |
|
Current
Email Address |
|
|
Web Site
Address |
|
|
Comments |
|
|
Company
Registered Name |
PAUL
KEITH SLACK |
|
Trading
Name |
Unavailable |
|
Registration
Number |
Unavailable |
|
Physical
Address |
Unavailable |
|
Postal
Address |
11 BRIAR
WAY, OAKRIDGE, 7806 |
|
Contact
Person |
Unavailable |
|
Contact
Number |
Unavailable |
|
Email |
Unavailable |
|
Principals |
|
|
Judgements Against Subject |
Unavailable |
|
Judgements Against Principals |
Unavailable |
|
Subject
Verified as Client |
|
|
Practice
Number |
00231814 |
|
VAT
Number |
Unavailable |
|
Tax
Number |
Unavailable |
|
BEE
Status |
Unavailable |
|
Financial
Year End |
Unavailable |
|
No of
years in Business |
3 Years
5 Months |
|
Website |
Unavailable |
|
Comment |
|
Previous
Auditors Information - No Information on Record
|
Vat
Number |
4330260318 |
|
Status |
ACTIVE |
|
Vat
Liable Date |
|
|
Tax
Number |
Unavailable |
|
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 |
|
|
Number
of Employees |
6 |
|
1.
Salaried employees |
6 |
|
2. Waged
employees |
|
|
3.
Permanent employees |
6 |
|
4.
Casual employees |
|
|
5.
Contracted employees |
|
|
Comment |
|
Company
Fleet Information - No Information on Record
Offices Information
- No Information on Record
Branch
Information - No Information on Record
Company
Structure (Ownership)
Key Deals
- No Information on Record
|
Holding |
Company |
Sub |
Comment |
|
100% -
CAM GEORGINA SHACKLETON |
MOOMOO
KIDSWEAR CC |
NONE |
|
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 |
1 |
|
Average
Age of Active Principals |
39 |
|
Active
Principals Principal - 1 of 1 CAM SHACKLETON |
|
|
Surname |
SHACKLETON |
|
First
Name |
CAM |
|
Other
Names |
GEORGINA |
|
Marital
Status |
|
|
ID
Number |
7501110066081 |
|
Verified
ID Number |
Yes |
|
Current
Age |
39 Years
6 Months |
|
Designation |
Member |
|
Status |
Active |
|
Appointment
Date |
2011/02/11 |
|
Physical
Address (at time of Appointment) |
14
IDALIA ROAD, KIRSTENHOF, 7945 |
|
Postal
Address |
14
IDALIA ROAD, KIRSTENHOF, 7945 |
|
Current
Tel Number |
0217155261 |
|
Cell
number |
|
|
Shareholding/Membership |
100 % |
Principal's
Adverse - No information on record
Business
Information for CAM SHACKLETON Principal Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
MOOMOO
KIDSWEAR CC |
B2011/016582/23 |
In
Business |
3 Years
3 Months |
0 |
No |
|
Principal's
Previous Business Interests - No information on record
|
Property
Interests for CAM SHACKLETON |
|||
|
Title
Deed No. |
ST21525/2006 |
Erf/Site No. |
150733 |
|
Deeds
Office |
CAPE
TOWN |
Physical
Address |
173 MAIN
RONDEBOSCH CAPE TOWN |
|
Property
Type |
U |
Extent /
Size |
|
|
Purchase
Date |
2006/05/04 |
Purchase
price |
R
420000.00 |
|
%
Ownership |
0.00 |
Bond
Holder |
INVESTEC
BANK LTD |
|
Bond
Number |
SB149872006 |
Bond
Amount |
R
420000.00 |
|
Comment |
|
||
|
Property
Interests for CAM SHACKLETON |
|||
|
Title
Deed No. |
T96445/2004 |
Erf/Site No. |
5399 |
|
Deeds
Office |
CAPE
TOWN |
Physical
Address |
14
IDALIA KIRSTENHOF CAPE TOWN |
|
Property
Type |
E |
Extent /
Size |
|
|
Purchase
Date |
2004/07/21 |
Purchase
price |
R1195000.00 |
|
%
Ownership |
0.00 |
Bond
Holder |
|
|
Bond
Number |
|
Bond
Amount |
R 0.00 |
|
Comment |
|
||
|
Property
Interests for CAM SHACKLETON |
|||
|
Title
Deed No. |
ST2427/2013 |
Erf/Site No. |
95091 |
|
Deeds
Office |
CAPE
TOWN |
Physical
Address |
26 HOF
GARDENS CAPE TOWN |
|
Property
Type |
U |
Extent /
Size |
|
|
Purchase
Date |
2012/11/16 |
Purchase
price |
R
670000.00 |
|
%
Ownership |
0.00 |
Bond
Holder |
|
|
Bond
Number |
|
Bond
Amount |
R 0.00 |
|
Comment |
|
||
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.33 |
|
|
1 |
Rs.103.18 |
|
Euro |
1 |
Rs.81.58 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.