|
Report Date : |
10.11.2014 |
IDENTIFICATION DETAILS
|
Name : |
COUNTRY ROAD CLOTHING COMPANY (PTY) LTD |
|
|
|
|
Registered Office : |
Suites
1-3 Dalbergia, Forest Square, 11 Derby Place, Derby Downs Office Park, Westville,
3629, P O Box 1930, Westville, 3630 |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
29.04.1994 |
|
|
|
|
Com. Reg. No.: |
M1994/002922/07 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Manufacturer
and Wholesale Trade in Textiles, Clothing and Footwear. |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
C |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
Status : |
Deregistered |
|
|
|
|
Payment Behaviour : |
-- |
|
|
|
|
Litigation : |
-- |
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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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 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 |
Country Road Clothing Company (Pty) Ltd |
|
Country |
South Africa |
|
Subject Contact Person |
Kirsten Jane Brandon – Former Director |
|
Assessment |
On investigation contact was made with the former director,
KIRSTEN JANE BRANDON who informed us that the business COUNTRY ROAD CLOTHING
COMPANY (PTY)LTD has been deregistered for 10 years. It used to operate as a
subsidiary of Woolworths Holdings. The company is no longer operational.
Please see the information obtained below. |
|
Registered Name |
COUNTRY ROAD CLOTHING COMPANY (PTY)LTD |
|
Trading as/ Division Name |
Unavailable |
|
Previous Name |
Unavailable |
|
Date of Name Change |
Unavailable |
|
Registration Number |
M1994/002922/07 |
|
Registration Date |
1994/04/29 |
|
Date Commenced Trading |
1994-04-29 |
|
Age of Business |
20 Years 6 Months |
|
History of Business |
The subject commenced trading as a new company in 1994. |
|
History of Principals |
There was 1 former director within the company. |
|
Shareholders/Members/Partners of subject and % holding |
Unavailable |
|
Authorised Share Capital |
|
|
Issued Share Capital/Members Contribution |
|
|
Status |
Deregistration Final |
|
Operations Assessment |
The subject manufactured women's clothing, footwear &
accessories; men's clothing, footwear & accessories; children's clothing;
and homewares for Woolworths Holdings in South Africa. |
|
Industry/ Customers |
Clothing manufactures |
|
Export |
None |
|
Export Countries |
|
|
Import |
None |
|
Import Countries |
|
|
Major Industry Code / SICC |
61310 |
|
Definition of Code |
Wholesale trade in textiles, clothing and footwear |
|
Head Office Physical Address |
SUITES
1-3 DALBERGIA, FOREST SQUARE, 11 DERBY PLACE, DERBY DOWNS OFFICE PARK,
WESTVILLE, 3629 |
|
Head Office Postal Address |
PO BOX 1930, WESTVILLE, 3630 |
|
Current Tel Number |
Unavailable |
|
Cell Number |
Unavailable |
|
Current Fax Number |
Unavailable |
|
Current Email Address |
Unavailable |
|
Web Site Address |
Unavailable |
|
Comments |
|
|
Company Registered Name |
NEXIAL LEVITT KIRSON |
|
Trading Name |
Unavailable |
|
Registration Number |
Unavailable |
|
Physical Address |
Unavailable |
|
Postal Address |
PO BOX 701282, OVERPORT, 4067 |
|
Contact Person |
Unavailable |
|
Contact Number |
Unavailable |
|
Email |
Unavailable |
|
Principals |
|
|
Judgements Against Subject |
Unavailable |
|
Judgements Against Principals |
Unavailable |
|
Subject Verified as Client |
|
|
Practice Number |
934887E |
|
VAT Number |
Unavailable |
|
Tax Number |
Unavailable |
|
BEE Status |
Unavailable |
|
Financial Year End |
Unavailable |
|
No of years in Business |
19 Years 10 Months |
|
Website |
Unavailable |
|
Comment |
|
Previous Auditors Information - No Information on Record
|
Vat Number |
4260142643 |
|
Status |
SUSPENDED |
|
Vat Liable Date |
1993/12/01 |
|
Tax Number |
9180632037 |
|
Tax Clearance Expire Date |
|
|
Financial Year End |
June |
|
Comment |
|
|
|
|
|
Black
Economic Empowerment Information - No Information on Record |
|
|
Type of ISO Grade |
Unavailable |
|
ISO Certificate |
No |
|
ISO Certificate Available |
No |
|
Certified by an Accredited Agent |
No |
|
Comment |
|
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 – Non 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
Business Rescue - No Information on Record
Default Listing - No information on record
Notarial Bonds - No information on record
|
Bank |
|
|
Branch |
Unavailable |
|
Brach Code |
|
|
Bank Account Number |
Unavailable |
|
Type of Account |
Unavailable |
|
Account Name |
Unavailable |
|
Overdraft Facilities |
Unavailable |
|
Bank Code |
Unavailable |
|
Bank Comment |
Unavailable |
Bank Code History - No Information on Record
Previous Bank Account Information - No Information on Record
Deeds Information - No information on record
|
Number of Principals |
2 |
|
Average Age of Active Principals |
80 |
|
Active
Principals Active
Principal - 1 of 1 KIRSTEN
JAN BRANDON |
|
|
Surname |
BRANDON |
|
First Name |
KIRSTEN JAN |
|
Other Names |
|
|
Marital Status |
|
|
ID Number |
6602040212083 |
|
Verified ID Number |
Yes |
|
Current Age |
48 Years 8 Months |
|
Designation |
MANAGING DIRECTOR |
|
Status |
Resigned |
|
Appointment Date |
2006/09/30 |
|
Physical Address (at time of Appointment) |
42A MONMOUTH AVENUE, CLAREMONT, WESTERN CAPE, 7708 |
|
Postal Address |
P O BOX 2484, CAPE TOWN, WESTERN CAPE, 8000 |
|
Current Tel Number |
0217611919 |
|
Cell number |
0829008069 |
|
Shareholding/Membership |
0.00 |
Principal's Adverse - No information on record
Business Information for KIRSTEN JAN BRANDON
Principal Current Business Interests
|
Company
Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
COUNTRY ROAD CLOTHING COMPANY (PTY)LTD |
M1994/002922/07 |
Deregistration
Final |
20 Years 8 Months |
0 |
No |
|
|
LOLITA CLOTHING COMPANY (PTY)LTD |
M1999/001315/07 |
Dissolved |
15 Years 3 Months |
3 |
No |
|
|
POPPY
DIVINE (PTY)LTD |
K2012/075099/07 |
In Business |
2
Years 2 Months |
0 |
No |
|
Principal's Previous Business Interests - No information on record
Principal Deeds Information
|
Property Interests for KIRSTEN JAN BRANDON |
|||
|
|
|
|
|
|
Title Deed No. |
T78666/2007 |
Erf/Site No. |
56338 |
|
Deeds Office |
CAPE TOWN |
Physical Address |
42A MONMOUTH CLAREMONT CAPE TOWN |
|
Property Type |
E |
Extent / Size |
|
|
Purchase Date |
2007/07/15 |
Purchase price |
R 2500000.00 |
|
% Ownership |
0.00 |
Bond Holder |
STANDARD BANK OF SOUTH AFRICA L |
|
Bond Number |
B924902007 |
Bond Amount |
R 4000000.00 |
|
Comment |
|
||
|
Property Interests
for KIRSTEN JAN BRANDON |
|||
|
Title Deed No. |
T49700/1997 |
Erf/Site No. |
54950 |
|
Deeds Office |
CAPE TOWN |
Physical Address |
5 SHIRLEY CAPE TOWN |
|
Property Type |
F |
Extent / Size |
506.00000000 |
|
Purchase Date |
|
Purchase price |
R 0.00 |
|
% Ownership |
0.00 |
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
R 0.00 |
|
Comment |
|
||
|
Property Interests for KIRSTEN JAN BRANDON |
|||
|
|
|
|
|
|
Title Deed No. |
T49700/1997 |
Erf/Site No. |
54950 |
|
Deeds Office |
CAPE TOWN |
Physical Address |
5 SHIRLEY CAPE TOWN |
|
Property Type |
F |
Extent / Size |
506.00000000 |
|
Purchase Date |
|
Purchase price |
R 0.00 |
|
% Ownership |
0.00 |
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
R 0.00 |
|
Comment |
|
||
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.52 |
|
|
1 |
Rs.97.39 |
|
Euro |
1 |
Rs.76.16 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
NIT |
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.