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Report No. : |
307706 |
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Report Date : |
14.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
CAPE OFFSHORE TRADING CC |
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|
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Registered Office : |
403
Buiten Koof Studio,8 Kloof Street,Cape Town, 8000, P O Box 21624,Capetown |
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Country : |
South
Africa |
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Date of Incorporation : |
15.03.2002 |
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Com. Reg. No.: |
B2002/021789/23 |
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Legal Form : |
Closed Corporation |
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Line of Business : |
Manufacturer, Supplies and Wholesale in Clothing, Textiles and
Footwear |
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|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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 |
CAPE OFFSHORE TRADING CC |
|
Country |
South Africa |
|
Assessment |
This is an established
business. On investigation contact was made with BRENDA SANSON the accountant
and GERARD BERNARD SANSON the managing member who declined to assist with the
information. The subject declined on the basis of the principal enquirer be
revealed in order for any information to be divulged. At present we have no
basis upon which to recommend credit dealings. Please see the available
information on the subject below. |
|
Registered Name |
CAPE OFFSHORE TRADING CC |
|
Trading as/ Division Name |
CAPE OFFSHORE TRADING |
|
Previous Name |
None |
|
Date of Name Change |
None |
|
Registration Number |
B2002/021789/23 |
|
Registration Date |
2002/03/15 |
|
Date Commenced Trading |
2002-03-15 |
|
Age of Business |
12 Years 11 Months |
|
History of Business |
The subject was established in 2002 and has been trading
ever since. |
|
History of Principals |
There is 1 active managing member within the business. |
|
Shareholders/Members/Partners of subject and % holding |
100% - GERARD BERNARD SANSON |
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Authorised Share Capital |
|
|
Issued Share Capital/Members Contribution |
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|
Status |
In Business |
|
Operations Assessment |
The subject operates as a manufacturer of clothing. |
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Industry/ Customers |
The subject supplies to the clothing industry. |
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Export |
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Export Countries |
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Import |
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Import Countries |
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Major Industry Code / SICC |
61310 |
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Definition of Code |
Wholesale trade in textiles, clothing and footwear |
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Head Office Physical Address |
403 Buiten Koof Studio,8 Kloof Street,Cape Town, 8000 |
|
Head Office Postal Address |
P O Box 21624,Capetown,8000 |
|
Current Tel Number |
0214236966 |
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Cell Number |
0824568780 |
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Current Fax Number |
0214220701 |
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Current Email Address |
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|
Web Site Address |
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|
Comments |
|
Auditors
Information - No Information on Record
Previous
Auditors Information - No Information on Record
|
Vat Number |
4900202245 |
|
Status |
ACTIVE |
|
Vat Liable Date |
2002/08/01 |
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Tax Number |
9734139141 |
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Tax Clearance Expire Date |
|
|
Financial Year End |
February |
|
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
Organization chart
|
Level |
Position |
Name |
Comment |
|
1 |
Managing Member |
GERARD BERNARD SANSON |
|
Company Structure
(Ownership)
Note: One level up
and all levels down
|
Holding |
Company |
Sub |
Comment |
|
100% - GERARD BERNARD SANSON |
Cape Offshore Trading CC |
|
|
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 |
1 |
|
Average Age of Active Principals |
64 |
|
Number of Inactive Principals |
|
|
Active
Principals Active Principal - 1 of 1 GERARD SANSON |
|
|
Surname |
SANSON |
|
First Name |
GERARD |
|
Other Names |
BERNARD |
|
Marital Status |
Married |
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ID Number |
5101025090086 |
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Verified ID Number |
Yes |
|
Current Age |
64 Years 1 Months |
|
Designation |
MANAGING MEMBER |
|
Status |
Active |
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Appointment Date |
2002/08/06 |
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Physical Address (at time of Appointment) |
P O BOX 21624, KLOOF STREET, CAPE TOWN, 8000 |
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Postal Address |
P O BOX 21624, KLOOF STREET, CAPE TOWN, 8000 |
|
Current Tel Number |
0214223649 |
|
Cell number |
0824516878 |
|
Shareholding/Membership |
100% |
Principal's
Adverse - No information on record
Business
Information for GERARD SANSON
Principal's
Current Business Interests - No information on record
Principal's
Previous Business Interests - No information on record
Principal Deeds
Information
|
Property Interests for GERARD SANSON |
|||
|
Title
Deed No. |
ST1073/2013 |
Erf/Site
No. |
94630 |
|
Deeds Office |
CAPE TOWN |
Physical Address |
60 KLOOF GARDENS CAPE TOWN |
|
Property Type |
U |
Extent / Size |
|
|
Purchase Date |
2012/10/18 |
Purchase price |
R1533000.00 |
|
% Ownership |
0.00 |
Bond Holder |
NEDBANK LTD |
|
Bond Number |
SB2902013 |
Bond Amount |
R1120000.00 |
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Comment |
|
||
|
Property Interests for GERARD SANSON |
|||
|
Title
Deed No. |
T8984/1990 |
Erf/Site
No. |
2102 |
|
Deeds Office |
CAPE TOWN |
Physical Address |
76 MOLTENO CAPE TOWN |
|
Property Type |
F |
Extent / Size |
957.00000000 |
|
Purchase Date |
1989/10/08 |
Purchase price |
R 355000.00 |
|
% Ownership |
0.00 |
Bond Holder |
|
|
Bond Number |
B100701999 |
Bond Amount |
R 440000.00 |
|
Comment |
|
||
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.14 |
|
|
1 |
Rs.95.77 |
|
Euro |
1 |
Rs.71.05 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
TPT |
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.