|
Report Date : |
28.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
JSW ENERGY NATURAL RESOURCES SOUTH AFRICA (PTY) LTD |
|
|
|
|
Registered Office : |
3rd
Floor, 198 Oxford Road, Illovo, Sandton, 2196 |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
15.02.2010 |
|
|
|
|
Com. Reg. No.: |
M2010/002801/07 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Production,
collection and distribution of electricity |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No Complaints |
|
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 (31.03.2011) |
Current Rating (30.06.2012) |
|
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; 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 Unemployment remains high and outdated infrastructure has constrained growth.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
|
Subject
Name |
JSW
ENERGY NATURAL RESOURCES SOUTH AFRICA (PTY)LTD |
|
Country |
South
Africa |
|
Subject
Contact Person |
PAT SMIT
- COMPANY SECARTARY |
|
Assessment |
This is
a well-established and well -connected business. On investigation we made contact
with the company secartary MRS. PAT SMIT who requested that we send her the
questionnaire. On following up on the questionnaire MRS. SMIT stated that she
would require more time to complete the questionnaire. We await further
information on the subject. Please see the available information on the
subject below. |
|
Registered
Name |
JSW
ENERGY NATURAL RESOURCES SOUTH AFRICA (PTY)LTD |
|
Trading
as/ Division Name |
|
|
Previous
Name |
|
|
Date of
Name Change |
May 13 2010
12:00AM |
|
Registration
Number |
M2010/002801/07 |
|
Registration
Date |
2010/02/15 |
|
Date
Commenced Trading |
2010-02-15 |
|
Age of
Business |
2 Years
11 Months |
|
History
of Business |
The
subject was established as a new business in 2010. |
|
History
of Principals |
There
are currently 3 active directors within the business |
|
Authorised
Share Capital |
R1000.00 |
|
Issued
Share Capital/Members Contribution |
R 100.00 |
|
Status |
In
Business |
|
Operations
Assessment |
Genaration,
Transmission, Distribution and Trading of Power |
|
Industry/
Customers |
The
states of KARANATAKA, MAHARASHTRA, RAJASTHAN AND HIMACHAL PRADESH. |
|
Export |
Yes |
|
Major
Industry Code / SICC |
4111 |
|
Definition
of Code |
Production,
collection and distribution of electricity |
|
Head
Office Physical Address |
3RD
FLOOR, 198 OXFORD ROAD, ILLOVO, SANDTON, 2196 |
|
Head
Office Postal Address |
P O BOX
55190, NORTHLANDS, 2116 |
|
Current
Tel Number |
0100019460 |
|
Current
Email Address |
|
|
Web Site
Address |
|
|
Comments |
|
|
Company
Registered Name |
DELOIITE
& TOUCHE CHARTERED ACCOUNTANTS |
|
Trading
Name |
DELOITTE
& TOUCHE |
|
Registration
Number |
M1997/010059/07 |
|
Physical
Address |
21
Woodlands Drive, WOODMEAD, Sandton |
|
Postal
Address |
PRIVAT
BAG X6, GALLO MANOR, 2052 |
|
Contact
Person |
MARTIN
BIERMAN |
|
Contact
Number |
0118065000 |
|
Email |
|
|
Subject
Verified as Client |
Yes |
|
Practice
Number |
902276 |
|
VAT
Number |
4220121935 |
|
Tax
Number |
|
|
BEE
Status |
Level 2 |
|
Financial
Year End |
May |
|
No of
years in Business |
2 Years |
|
Website |
|
|
Comment |
|
Previous
Auditors
|
Company
Name |
Phone
Number |
Time
with previous auditors |
Comment |
|
SMITHSAVAGE |
|
Unknown |
|
|
LSG
INTEGRATED |
|
Unknown |
|
Tax
Information - No Information on Record
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
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
Adverse
Information on Subject
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
Principals
|
Number
of Principals |
3 |
|
Average
Age of Active Principals |
56 |
|
Active
Principals Principal
- 1of 3 PATRICIA SMIT |
|
|
Surname |
SMIT |
|
First
Name |
PATRICIA |
|
Other
Names |
None |
|
Marital
Status |
|
|
ID
Number |
4802130015089 |
|
Verified
ID Number |
No |
|
Current
Age |
65 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment
Date |
2010/11/24 |
|
Physical
Address (at time of |
18
GOLDEN SUN CRESCENT, GLEN EAGLE ESTATE, MONUMENT ROAD, GLEN ERASMIA X14, 1619 |
|
Appointment) |
|
|
Postal
Address |
PO BOX 55669,
NORTHLANDS, 2116 |
|
Current
Tel Number |
0100019460 |
Principal's
Adverse - No information on record
Business
Information for PATRICIA SMIT
Principal
Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
THE
SOUTHERN AFRICAN INSTITUTE OF CHARTERED SECRETARIES AND ADMINISTRATORS |
M1972/000007/08 |
In
Business |
41 Years
5 Months |
0 |
No |
|
|
SOUTH
AFRICAN COAL MINING HOLDINGS LTD |
M1994/009012/06 |
In
Business |
19 Years
7 Months |
0 |
No |
|
|
ILANGA
COAL MINES (PTY)LTD |
M1997/014276/07 |
In
Business |
16 Years
4 Months |
0 |
No |
|
|
JIGMINING
OPERATIONS NO 1 (PTY)LTD |
M2000/026556/07 |
In
Business |
13 Years
1 Months |
0 |
No |
|
|
UMLABU COLLIERY
(PTY)LTD |
M2000/028732/07 |
In
Business |
13 Years
1 Months |
0 |
No |
|
|
YOMHLABA
COAL (PTY)LTD |
M2001/011609/07 |
In
Business |
0 |
0 |
No |
|
|
JIGMINING
OPERATIONS NO 3 (PTY)LTD |
M2001/014812/07 |
In
Business |
0 |
0 |
No |
|
|
SOUTH AFRICAN
COAL MINING OPERATIONS (PTY)LTD |
M2006/027349/07 |
In
Business |
7 Years
7 Months |
0 |
No |
|
|
SACM
(BREYTEN) (PTY)LTD |
M2006/039199/07 |
In
Business |
7 Years
7 Months |
0 |
No |
|
|
SOUTH
AFRICAN COAL MINING EQUIPMENT COMPANY (PTY)LTD |
M2007/006755/07 |
In
Business |
6 Years
6 Months |
0 |
No |
|
|
VOORSLAG
COAL HANDLING (PTY)LTD |
M2007/010232/07 |
In
Business |
6 Years
6 Months |
0 |
No |
|
|
MAINSAIL
TRADING 55 (PTY)LTD |
M2007/030411/07 |
In
Business |
6 Years
6 Months |
0 |
No |
|
|
SACM (NEWCASTLE)
(PTY)LTD |
M2008/019193/07 |
In
Business |
5 Years
5 Months |
0 |
No |
|
|
JSW
ENERGY NATURAL RESOURCES
SOUTH AFRICA (PTY)LTD |
M2010/002801/07 |
In
Business |
3 Years
3 Months |
0 |
No |
|
Principal's
Adverse - No information on record
Principal
Previous Business Interest
Average
Age of Previous Business I 25 Years
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
ARM COAL
(PTY)LTD |
2006/004077/07 |
In
Business |
7 Years
7 Months |
0 |
No |
|
|
INFINITE
ACCESS CC |
B2001/007783/23 |
Conversion
CO/CC or CC/CO |
|
0 |
No |
|
|
FUJITSU
SERVICES (PTY)LTD |
M1930/002267/07 |
In
Business |
83 Years
11 Months |
0 |
No |
|
|
LONMIN MANAGEMENT
SERVICES (PTY)LTD |
M1947/024975/07 |
Dissolved |
66 Years
6 Months |
0 |
No |
|
|
AFRICAN
OUTSOURCING SERVICES (PTY)LTD |
M1960/001949/07 |
In
Business |
53 Years
5 Months |
0 |
No |
|
|
BAY
FINANCE AND DISCOUNT SHARE BLOCK (PTY)LTD |
M1961/002473/07 |
In
Business |
52 Years
4 Months |
0 |
No |
|
|
LONMIN
PUBLIC LIMITED COMPANY |
M1969/000015/10 |
In
Business |
44 Years
8 Months |
0 |
No |
|
|
LONMIN
SOUTH AFRICA LTD |
M1970/012727/06 |
Deregistration
Final |
43 Years
7 Months |
0 |
No |
|
|
FS
INFRASTRUCTURE HOLDINGS (PTY)LTD |
M1988/000439/07 |
In
Business |
25 Years
1 Months |
0 |
No |
|
|
BHEKISIZWE
COMPUTER SYSTEMS (PTY)LTD |
M1991/002355/07 |
In
Business |
22 Years
10 Months |
0 |
No |
|
|
INTERVID
SA (PTY)LTD |
M1993/000273/07 |
In
Business |
20 Years
8 Months |
1 |
No |
|
|
SCANTOURS
(PTY)LTD |
M1994/002473/07 |
Deregistration
Final |
19 Years
7 Months |
0 |
No |
|
|
CENTRE
OF EXCELLENCE FOR PUBLIC ADMINISTRATION DEVELOPMENT (PTY)LTD |
M1995/001939/07 |
In
Business |
18 Years
6 Months |
0 |
No |
|
|
SECPROP
120 INVESTMENTS (PTY)LTD |
M1997/005425/07 |
In
Business |
16 Years
4 Months |
0 |
No |
|
|
SYLVAN
CORPORATE SECRETARIAL INTELLIGENCE (PTY)LTD |
M1998/015297/07 |
In
Business |
15 Years
3 Months |
0 |
No |
|
|
MARIKANA
HOUSING DEVELOPMENT COMPANY |
M1998/022231/08 |
In
Business |
15 Years
3 Months |
0 |
No |
|
|
MERCHANT
WEST SPECIALISED FINANCE LTD |
M1999/011483/06 |
In
Business |
14 Years
2 Months |
2 |
No |
|
|
FUJITSU
SERVICES CORE (PTY)LTD |
M1999/023896/07 |
In
Business |
14 Years
2 Months |
0 |
No |
|
|
I TO I
TECHNOLOGY SERVICES (PTY)LTD |
M2000/010717/07 |
In
Business |
13 Years
1 Months |
0 |
No |
|
|
INTERVID
AFRICA (PTY)LTD |
M2002/012578/07 |
In
Business |
11 Years
11 Months |
0 |
No |
|
|
I TO I
TECHNOLOGIES (PTY)LTD |
M2005/000207/07 |
In
Business |
8 Years
8 Months |
0 |
No |
|
|
DETEXIS TECHNOLOGIES (PTY)LTD |
M2005/009258/07 |
In
Business |
8 Years
8 Months |
0 |
No |
|
Principal's
Deeds Information - No information on record
|
Principal
- 2of 3 ANTHONY RAYMENT |
|
|
Surname |
RAYMENT |
|
First
Name |
ANTHONY |
|
Other
Names |
JOH |
|
Marital
Status |
|
|
ID
Number |
6109235076000 |
|
Verified
ID Number |
Yes |
|
Current
Age |
52 |
|
Designation |
CEO |
|
Status |
Active |
|
Appointment
Date |
2010/11/24 |
|
Physical
Address (at time of Appointment) |
TINKERS
FOLLY, 39 CHRISTOPHERSON ROAD, HYDE PARK, 2196 |
|
Postal
Address |
P O BOX
55190, SANDTON, 2196 |
|
Current
Tel Number |
0100019460 |
|
Cell
number |
0718755399 |
|
Shareholding/Membership |
0.0000 |
Business
Information for ANTHONY RAYMENT
Principal
Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
SOUTH AFRICAN
COAL MINING HOLDINGS LTD |
M1994/009012/06 |
In
Business |
19 Years
7 Months |
0 |
No |
|
|
PROTEA
LAND (PTY)LTD |
M1997/000544/07 |
In
Business |
16 Years
4 Months |
0 |
No |
|
|
ILANGA
COAL MINES (PTY)LTD |
M1997/014276/07 |
In
Business |
16 Years
4 Months |
0 |
No |
|
|
JIGMINING
OPERATIONS NO 1 (PTY)LTD |
M2000/026556/07 |
In
Business |
13 Years
1 Months |
0 |
No |
|
|
UMLABU
COLLIERY (PTY)LTD |
M2000/028732/07 |
In
Business |
13 Years
1 Months |
0 |
No |
|
|
YOMHLABA
COAL (PTY)LTD |
M2001/011609/07 |
In
Business |
0 |
0 |
No |
|
|
JIGMINING
OPERATIONS NO 3 (PTY)LTD |
M2001/014812/07 |
In
Business |
0 |
0 |
No |
|
|
ROYAL
BAFOKENG CAPITAL (PTY)LTD |
M2005/008062/07 |
In
Business |
8 Years
8 Months |
0 |
No |
|
|
SOUTH AFRICAN
COAL MINING OPERATIONS (PTY)LTD |
M2006/027349/07 |
In
Business |
7 Years
7 Months |
0 |
No |
|
|
SACM
(BREYTEN) (PTY)LTD |
M2006/039199/07 |
In
Business |
7 Years
7 Months |
0 |
No |
|
|
SOUTH
AFRICAN COAL MINING EQUIPMENT COMPANY (PTY)LTD |
M2007/006755/07 |
In
Business |
6 Years
6 Months |
0 |
No |
|
|
VOORSLAG
COAL HANDLING (PTY)LTD |
M2007/010232/07 |
In
Business |
6 Years
6 Months |
0 |
No |
|
|
MAINSAIL
TRADING 55 (PTY)LTD |
M2007/030411/07 |
In
Business |
6 Years
6 Months |
0 |
No |
|
|
JSW
ENERGY NATURAL RESOURCES
SOUTH AFRICA (PTY)LTD |
M2010/002801/07 |
In
Business |
3 Years
3 Months |
0 |
No |
|
Principal
Previous Business Interests
Principal's
Adverse - No information on record
Average
Age of Previous Business 15 Years
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
AUTOMATED
VALVES SHARE INVESTMENTS CC |
B1987/022194/23 |
Deregistration
Final |
26 Years
2 Months |
0 |
No |
|
|
P KANA
CONSULTING CC |
B1995/041235/23 |
In
Business |
18 Years
6 Months |
0 |
No |
|
|
ANGELFISH
INVESTMENTS 527 CC |
B2000/061975/23 |
Deregistration
Final |
13 Years
1 Months |
0 |
No |
|
|
PKF
CORPORATE FINANCE (PTY)LTD |
M1998/018420/07 |
In
Business |
15 Years
3 Months |
0 |
No |
|
|
EBONYEIGHT INVESTMENTS (PTY)LTD |
M2003/028234/07 |
In
Business |
10 Years
10 Months |
0 |
No |
|
|
EBONYEIGHT
GROUP HOLDINGS (PTY)LTD |
M2005/036557/07 |
In
Business |
8 Years
8 Months |
0 |
No |
|
Principal's
Deeds Information - No information on record
|
Principal
- 3of 3 VISHNUPRAKASH CARG |
|
|
Surname |
CARG |
|
First
Name |
VISHNUPRAKASH |
|
Other
Names |
None |
|
Marital
Status |
|
|
ID
Number |
6008150000000 |
|
Verified
ID Number |
No |
|
Current
Age |
53 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment
Date |
2010/04/16 |
|
Physical
Address (at time of Appointment) |
1304
EMP-48 EVERSHINE NAGAR, THAKUR VULLAGE, KANDIVALI EAST, MUMBAI INDIA, 0000 |
|
Postal
Address |
1304 EMP-48
EVERSHINE NAGAR, THAKUR VULLAGE, KANDIVALI EAST, MUMBAI INDIA, 0000 |
|
Current
Tel Number |
0100019460 |
|
Cell
number |
|
|
Shareholding/Membership |
|
Principal's
Adverse - No information on record
Business Information
forVISHNUPRAKASH CARG
Principal
Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
JSW
ENERGY NATURAL RESOURCES
SOUTH AFRICA (PTY)LTD |
M2010/002801/07 |
In Business |
3 Years
3 Months |
0 |
No |
|
Principal's
Deeds Information - No information on record
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.85 |
|
|
1 |
Rs.85.25 |
|
Euro |
1 |
Rs.71.72 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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.