|
Report Date : |
03.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
S JOOSUB AND SON CC |
|
|
|
|
Registered Office : |
316-7th Avenue LAUDIUM 0037 |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
27.05.2008 |
|
|
|
|
Com. Reg. No.: |
2008/112145/23 |
|
|
|
|
Legal Form : |
Close Corporation |
|
|
|
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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
S
JOOSUB & SONS CC
2
Van Tonder Street Dercan Ridge CENTURION Pretoria Gauteng
P O
Box 76 PRETORIA 0001
TELEPHONE
NUMBER: +27
12 686 9324
On
investigation numerous attempts have been made to establish a contact number
for the subject, which proved unsuccessful, as the contact number provided by
our client, does not exist. It is requested that our client provide and
alternate contact number, so that further investigation may be instituted.
Nevertheless,
in the meantime, please see statutory information obtained from CIPC below:
S
JOOSUB AND SON CC
PHYSICAL
ADDRESS:
316-7th Avenue LAUDIUM 0037
POSTAL
ADDRESS:
P O Box 4804 PRETORIA 0001
NAZIRAHMED
SULIMAN JOOSUB
ID
No. 6210175134088
Residential
Address: 316-7th Avenue Laudium 0037
Postal
Address: P O Box 4804 Pretoria 0001
Interest
Held:
27
May 2008
Registration
Certificate Number: 2008/112145/23
9575275160
FEBRUARY
30 September 2013
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.89 |
|
|
1 |
Rs.83.66 |
|
Euro |
1 |
Rs.70.58 |
INFORMATION DETAILS
|
Report
Prepared by : |
SHG |
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.