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Report Date : |
17.09.2013 |
IDENTIFICATION DETAILS
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Name : |
THE LIVING BALL |
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Registered Office : |
8, |
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Country : |
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Date of Incorporation : |
21.02.2003 |
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Legal Form : |
Association |
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Line of Business : |
Subject is a not-for-profit organization with as aim to spread the gospel of Jesus Christ, from the Market Place to all the children of the world, using the "Living Ball" as a tool; each ball will become a symbol of hope. |
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No. of Employees : |
03 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 – March 31st 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
South Africa |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
|
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
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. State power supplier 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 |
The Living Ball
ADDRESSES:
Main Address: 8,Kollege Street,
Western
Zip code/City: George, South
Africa
Telephone: +27 44 871
4842
Postal address: P.O.Box 2205
Zip code/City: 6530 George, South
Africa
Web site: http://www.livingball.co.za/
E-mail: manie@lantic.co.za
VAT-No.: 4800229405
Profile
Established: 2003
Banks: ABSA
Bank, Account no. 406 1664 217, Branch no: 630114 Swift Code: ABSA ZA JJCPE
Employees: 3
CNPJ: -
Board of
Directors:
Member Manie du
Toit
Public
information:
-
State Register: 2003/004140
Legal
form: Association
Incorporation
date: 21.02.2003
Balance sheet
filing date: -
Tax Contributor
Number (CNPJ): -
Legal status: active
Responsible
Register: State Register
of South Africa
Entry Deleted Address
active No. 8 Beach Boulevard
West, Diaz Office Park, 6500 Mossel Bay, South Africa/ZA
Import and Export:
Import
Payment history:
No complaints on
record.
Financial
information:
The organization is not required to file accounts; they are a non-profit organization.
Upon direct
approach it proved impossible to obtain further details.
Exchange rate:
US$ 1,00 = ZAR 9,98169 - Official rate on 11.09.2013
Main Activities:
It concerns here a not-for-profit organization with as aim to spread the gospel of Jesus Christ, from the Market Place to all the children of the world, using the "Living Ball" as a tool; each ball will become a symbol of hope.
Aim is to form
partnerships with companies and individuals who understand what Jesus meant
when He said, "Go into all the world and preach the good news to all
creation".
Import; India
(the balls are produced in India).
Operations & branches:
At the Diaz Office
Park, No. 8 Beach Boulevard West, Mossel Bay we find the statutory seat.
At the
Address: 8,Kollege Street, George we
find the headquarters.
Staff:
3
Company's Background:
We spoke with Mr. Du Toit, the founder of the organization. He did not wish to divulge much information over the phone. He did, however, state that the address 8, Kollege Street, George is no longer correct, but did not wish to give the new address. We have sent him an email; should we receive an answer, then we will send you an update.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.48 |
|
UK Pound |
1 |
Rs.99.66 |
|
Euro |
1 |
Rs.83.50 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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 |
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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 |
|
<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.