|
Report Date : |
19.09.2013 |
IDENTIFICATION DETAILS
|
Name : |
CENTRE FOR
AUTOMOTIVE COMPONENTS (PTY) LTD. |
|
|
|
|
Registered Office : |
William Gourlay Street,
Atlantis Foundries Business Park 7349 Atlantis Industria, Atlantis, Western
Cape |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
23.02.2001 |
|
|
|
|
Legal Form : |
Limited Liability
Company |
|
|
|
|
Line of Business : |
Subject is an
automotive manufacturer of complete gas powered engines, diesel engines,
cylinder heads, shortblocks and all associated parts for commercial and
industrial engines. |
|
|
|
|
No. of Employees : |
30 |
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 – 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
Centre For Automotive Components (Pty) Ltd.
Main Address: William Gourlay Street, Atlantis
Foundries Business Park
Zip code/City: 7349 Atlantis Industria,
Atlantis, Western Cape, South Africa
Telephone: +27 21 577 3883
+27 21 577
3223
Fax: +27 21 577 3884
Mobile: +27 83 533 4887
Postal address: Dassenberg, Private Bag X 21
Zip code/City: 7350 Atlantis, Western Cape,
South Africa
Web site: http://www.cacomponents.co.za
E-mail: info@cacomponents.co.za
WIN Worldbox No.: ZA0000069183
Profile
Established: 1981
Line of Business: Machinery, Vehicle manufacturing,
Vehicle trading and repair
Industry Division: Manufacturing, Wholesale trade
Industry-code
(NACE): 2811 Manufacture of engines and
turbines, except aircraft, vehicle and cycle engines
2910
Manufacture of motor vehicles
4531
Wholesale trade of motor vehicle parts and accessories
Banks: ABSA Bank
Nedbank
Employees: 30
Board of Directors:
Director MichaeleMarzocca, born: 24.07.1973, Registered since: 15.05.2008
Director Luigi
Marzocca , born:
02.04.1945, Registered since: 15.05.2008
Director GerritMyburgh , born: 27.12.1968, Registered since: 23.02.2001
Director Thomas Tesner , born: 15.12.1965, Registered since: 15.12.2010
Director MarthinusPetrusJansen VanVuuren , born: 09.05.1957, Registered since: 15.12.2010
NEGATIVE INFORMATION
Public
information:
-
State Register: 2001/004072
Legal form: Limited
Liability Company
Incorporation date: 23.02.2001
Balance sheet filing
date: -
Tax Contributor
Number (CNPJ): -
Legal status: active
Responsible
Register: State Registry of
South Africa
Entry Deleted Name
active Centre For
Automotive Components (Pty) Ltd.
Entry Deleted Address
active William Gourlay
Street, Atlantis Business Park, 7349 Atlantis Industria, South Africa/ZA
active P O Box 3330, 7620
Paarl, South Africa/ZA (Postal address)
Import and
Export:
Import, Export
Payment history:
No payment history
is available.
GROUP STRUCTURE & AFFILIATED COMPANIES
FINANCIAL INFORMATION
Financial
information:
No financial
information is available.
FOREIGN EXCHANGE RATES
Exchange rate:
US$
1,00 =
ZAR 9.90520 - Official rate
Main Activities:
Subject is an
automotive manufacturer of complete gas powered engines, diesel engines,
cylinder heads, shortblocks and all associated parts for commercial and
industrial engines.
Its products are
distributed world wide under the CA Components brand name.
Subject serves the
automotive industry in Sub Saharan Africa, Europe, Middle East, USA AND Australasia.
Various commercial
vehicle parts are manufactures as well as complete Gas powered engines which
are used for power generation.
Partnership with
SPME.
Operations and
branches:
At the address,
William Gourlay St., Atlantis Industria, Atlantis 7349 we find the company’s
office.
At the address,
William Gourlay St., Atlantis Industria, Atlantis 7349, we find the company’s
registered physical address, and registered postal address is P O Box 3330,
Paarl 7620.
Additional
information:
Contact person:
Thomas Tesner
tommy@cacomponents.co.za
Staff
30
Company's
Background:
In 1981 was
established with Atlantis Diesel Engines (ADE).
Upon direct approach
it proved impossible to obtain further details; as per own suggestion, an email
was sent. Should we receive an answer, then we will send you an update.
Credit to the
recommended limit should be acceptable but should be monitored on a regular
basis.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.14 |
|
|
1 |
Rs.100.48 |
|
Euro |
1 |
Rs.84.37 |
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.