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Report Date : |
01.10.2012 |
IDENTIFICATION DETAILS
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Name : |
L P SPARES INTERNATIONAL |
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Registered Office : |
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Country : |
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Date of Incorporation : |
08.09.2000 |
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Com. Reg. No.: |
M2000/022989/07 |
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Legal Form : |
Private Limited |
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Line of Business : |
The subject started out as a new business in
2000. |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
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 |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
South Africa |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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; a stock exchange that is the 18th largest in the world;
and modern infrastructure supporting a relatively efficient distribution of
goods to major urban centers throughout the region. Growth was robust from 2004
to 2007 as South Africa reaped the benefits of macroeconomic stability and a
global commodities boom but began to slow in the second half of 2007 due to an
electricity crisis and the subsequent global financial crisis' impact on
commodity prices and demand. GDP fell nearly 2% in 2009 but recovered in
2010-11. Unemployment remains high and outdated infrastructure has constrained
growth. 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. Daunting economic
problems remain from the apartheid era - especially poverty, lack of economic
empowerment among the disadvantaged groups, and a shortage of public
transportation. South Africa''s economic policy is fiscally conservative
focusing on controlling inflation and attaining a budget surplus. The current
government largely follows these prudent policies but must contend with the
impact of the global crisis and is facing 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 |
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Subject Name |
L P SPARES INTERNATIONAL |
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Country |
South Africa |
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Enquiry Terms |
COD |
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Account Review |
Every 6 Months |
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Subject Contact Person |
MR PORELLI - Director |
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Assessment |
This is an established business. On investigation
we made contact with the subject and we were referred to the director MR.
PORELLI who declined to assist with all the information for the subject. MR.
PORELLI requested to know who the principal enquirer is before he devuldges
any information for the subject. Please see the available information on the
subject below. |
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Registered Name |
LP SPARES INTERNATIONAL (PTY)LTD |
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Trading as/ Division Name |
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Previous Name |
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Date of Name Change |
Dec 18 2000 12:00AM |
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Registration Number |
M2000/022989/07 |
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Registration Date |
2000/09/08 |
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Date Commenced Trading |
2000-09-08 |
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Age of Business |
12 Years |
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History of Business |
The subject started out as a new business in
2000. |
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History of Principals |
There are 3 active directors within the subject. |
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Shareholders/Members/Partners of subject and %
holding |
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Authorised Share Capital |
R1000.00 |
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Issued Share Capital/Members Contribution |
R 100.00 |
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Status |
In Business |
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Operations Assessment |
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Industry/ Customers |
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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 |
9000 |
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Definition of Code |
Other activities not adequately defined. |
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Head Office Physical Address |
55 EDWARD RUBENSTEIN DRIVE, STRAHAVON, 2031 |
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Head Office Postal Address |
PO BOX 89STRATHAVON2031 |
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Current Tel Number |
0118841922 |
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Cell Number |
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Current Fax Number |
0117840370 |
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Current Email Address |
porelli@telkomsa. Net |
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Web Site Address |
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Comments |
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Company Name |
Phone Number |
Time with previous auditors |
Comment |
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GUISEPPE ROMANO |
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Unknown |
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N C K VINAY OF VINAY AND COMPANY |
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Unknown |
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GUISEPPE ROMANO |
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Unknown |
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N C K VINAY OF VINAY AND COMPANY |
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Unknown |
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Vat Number |
4670193236 |
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Status |
ACTIVE |
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Vat Liable Date |
2001/05/01 |
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Tax Number |
9322139149 |
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Tax Clearance Expire Date |
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Financial Year End |
February |
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Comment |
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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
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Offices
Information |
- No Information on Record |
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||
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Branch
Information |
- No Information on Record |
Organisational Chart - No
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
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 |
2 |
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Average Age of Active Principals |
56 |
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Number of Principals |
2 |
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Average Age of Active Principals |
56 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.69 |
|
|
1 |
Rs.85.71 |
|
Euro |
1 |
Rs.68.14 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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 |
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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 |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
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.