|
Report Date : |
27.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
EIL SOUTH AFRICA POWER
DEVELOPMENT (PTY) LTD |
|
|
|
|
Registered Office : |
17 Vincent Road Vincent
East London 5247 |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
29.09.2005 |
|
|
|
|
Com. Reg. No.: |
2005/034760/07 |
|
|
|
|
Legal Form : |
Private Limited |
|
|
|
|
Line of Business : |
Not Available |
|
|
|
|
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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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
15th largest in the world. Even though the country possesses modern
infrastructure that support a relatively efficient distribution of goods to
major urban centers throughout the region, some components retard growth. The
economy began to slow in the second half of 2007 due to an electricity crisis.
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. Subsequently, the global
financial crisis reduced commodity prices and world demand. GDP fell nearly 2%
in 2009 but has recovered since then. Unemployment, poverty, and inequality
remain a challenge, with official unemployment at nearly 25% of the work force.
Eskom has built two new power stations and installed new power demand
management programs to improve power grid reliability. 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 |
EIL SOUTH AFRICA POWER
DEVELOPMENT(PTY)LTD |
|
Country |
South Africa |
|
Assessment |
This is an established
business. On investigation we made contact with the auditors, Ms BIANCA
TURNBULL, who assisted with the subject's contact number (0215516862), but
the number just rang. The principals contact details were also unavailable.
Please provide us with contact details for the subject so further
investigation may be carried out. At present we cannot suggest any dealings. |
|
Registered Name |
EIL SOUTH AFRICA POWER
DEVELOPMENT (PTY)LTD |
|
Trading as/ Division Name |
None |
|
Previous Name |
None |
|
Date of Name Change |
N/A |
|
Registration Number |
2005/034760/07 |
|
Registration Date |
2005/09/29 |
|
Date Commenced Trading |
2005-09-29 |
|
Age of Business |
8 Years 3 Months |
|
History of Business |
The business was
established in 2005 |
|
History of Principals |
There are 3 Principles
within the Subject |
|
Shareholders/Members/Partners
of subject and % holding |
Unavailable |
|
Authorised Share Capital |
R 3300.00 |
|
Issued Share
Capital/Members Contribution |
R 100.00 |
|
Status |
In Business |
|
Major Industry Code /
SICC |
0 |
|
Definition of Code |
|
|
Head Office Physical
Address |
17 VINCENT ROAD VINCENT
EAST LONDON 5247 |
|
Head Office Postal
Address |
P O BOX 19728 TECOMA 5214 |
|
Current Tel Number |
Unavailable |
|
Cell Number |
Unavailable |
|
Current Fax Number |
Unavailable |
|
Current Email Address |
Unavailable |
|
Web Site Address |
Unavailable |
|
Comments |
|
|
Company
Registered Name |
CHARTERIS
AND BARNES |
|
Trading
Name |
NONE |
|
Registration
Number |
1988/013996/23 |
|
Physical
Address |
17
Vincent RoadEAST LONDON5247 |
|
Postal
Address |
PO Box 19728
TECOMA 5214 |
|
Contact
Person |
BIANCA
TURNBULL |
|
Contact
Number |
0437042200 |
|
Email |
|
|
Principals |
|
|
Judgements
Against Subject |
|
|
Judgements
Against Principals |
|
|
Subject
Verified as Client |
Yes |
|
Practice
Number |
03055241 |
|
VAT
Number |
4520112519 |
|
Tax
Number |
9720086645 |
|
BEE
Status |
Unavailable |
|
Financial
Year End |
February |
|
No of
years in Business |
25 Years
7 Months |
|
Website |
|
|
Comment |
|
Previous
Auditors Information - No Information on Record
|
Vat
Number |
4750227870 |
|
Status |
ACTIVE |
|
Vat
Liable Date |
2005/08/01 |
|
Tax
Number |
9073318173 |
|
Tax
Clearance Expire Date |
|
|
Financial
Year End |
March |
|
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
Organisation
Chart
|
Level |
Position |
Name |
Comment |
|
|
|||
|
1 |
Director |
GOPAL
KRISHNA CHAUDHARI |
|
|
|
|||
|
1 |
Director |
AJAY
JOGINDERNATH MEHARA |
|
|
|
|||
|
1 |
Director |
YOGESH
JOGINDERNATH MEHRA |
|
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
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 |
3 |
|
Average
Age of Active Principals |
52 |
|
Active
Principals Principal
- 1 of 3 GOPAL
CHAUDHARI |
|
|
Surname |
CHAUDHARI |
|
First
Name |
GOPAL |
|
Other
Names |
KRISHNA |
|
Marital
Status |
|
|
ID
Number |
6806180000000 |
|
Verified
ID Number |
No |
|
Current
Age |
45 Years
6 Months |
|
Designation |
INDUSTRIALIST |
|
Status |
Active |
|
Appointment
Date |
2010/06/01 |
|
Physical
Address (at time of Appointment) |
203
MAJORCA THE ISLAND CLUB NORTHBANK LANE CENTURY CITY 7441 |
|
Postal
Address |
203
MAJORCA THE ISLAND CLUB NORTHBANK LANE CENTURY CITY 7441 |
|
Current
Tel Number |
Unavailable |
|
Cell
number |
Unavailable |
|
Shareholding/Membership |
0.00 |
Business
Information for GOPAL CHAUDHARI
Principal
Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
EIL
SOUTH AFRICA POWER DEVELOPMENT
(PTY)LTD |
M2005/034760/07 |
In
Business |
8 Years
8 Months |
0 |
No |
|
|
LANGEFONTEIN
WIND FARMS (PTY)LTD |
M2006/013072/07 |
In
Business |
7 Years
7 Months |
0 |
No |
|
Principal's
Previous Business Interests - No information on record
Principal's
Deeds Information - No information on record
Principal
- 2 of 3 AJAY MEHARA
|
Surname |
MEHARA |
|
First
Name |
AJAY |
|
Other
Names |
JOGINDERNATH |
|
Marital
Status |
|
|
ID
Number |
5512060000000 |
|
Verified
ID Number |
No |
|
Current
Age |
58 Years |
|
Designation |
INDUSTRIALIST |
|
Status |
Active |
|
Appointment
Date |
2005/11/01 |
|
Physical
Address (at time of Appointment) |
301
HARISKRISHNA PRESIDENCY SOCIETY NS ROAD NO 8 JVPD INDIA 0000 |
|
Postal
Address |
P O BOX
19728 TECOMA 5214 |
|
Current
Tel Number |
Unavailable |
|
Cell
number |
Unavailable |
|
Shareholding/Membership |
0.00 |
Business
Information for AJAY MEHARA
Principal
Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
EIL
SOUTH AFRICA POWER DEVELOPMENT
(PTY)LTD |
M2005/034760/07 |
In
Business |
8 Years
8 Months |
0 |
No |
|
|
LANGEFONTEIN
WIND FARMS (PTY)LTD |
M2006/013072/07 |
In
Business |
7 Years
7 Months |
0 |
No |
|
Principal's
Previous Business Interests - No information on record
Principal's
Deeds Information - No information on record
Principal
- 3 of 3
YOGESH
MEHRA
|
Surname |
MEHRA |
|
First
Name |
YOGESH |
|
Other
Names |
JOGINDERNATH |
|
Marital
Status |
|
|
ID
Number |
5912010000000 |
|
Verified
ID Number |
No |
|
Current
Age |
54 Years |
|
Designation |
INDUSTRIALIST |
|
Status |
Active |
|
Appointment
Date |
2005/11/01 |
|
Physical
Address (at time of Appointment) |
201
HARESKRISHNA PRESIDENCY SOCIETY NS RAOD NO 8 JVPD VILLE PARLE WEST MUMBAI 400
049, 0000 |
|
Postal
Address |
C/O P O
BOX 19728 TECOMA 5214 |
|
Current
Tel Number |
Unavailable |
|
Cell
number |
Unavailable |
|
Shareholding/Membership |
0.00 |
Business
Information for YOGESH MEHRA
Principal Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
EIL
SOUTH AFRICA POWER DEVELOPMENT
(PTY)LTD |
M2005/034760/07 |
In
Business |
8 Years
8 Months |
0 |
No |
|
|
LANGEFONTEIN
WIND FARMS (PTY)LTD |
M2006/013072/07 |
In
Business |
7 Years
7 Months |
0 |
No |
|
Principal's
Previous Business Interests - No information on record
Principal's
Deeds Information - No information on record
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.98 |
|
|
1 |
Rs.101.49 |
|
Euro |
1 |
Rs.84.79 |
INFORMATION DETAILS
|
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.