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Report Date : |
04.04.2014 |
IDENTIFICATION DETAILS
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Name : |
JANGER CC |
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Registered Office : |
47 Kensington Drive Durban North Durban Kwazulu-Natal P O Box 3077 Prestondale 4320 |
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Country : |
South Africa |
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Date of Incorporation : |
13.07.1992 |
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Legal Form : |
Private Company |
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Line of Business : |
Importers and distribution
of dye stuff, speciality inks and pigments, enzymes and chemicals |
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No. of Employees : |
03 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No complaints |
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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 – September 30, 2013
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Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
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South Africa |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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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, unstable electricity supplies retard growth. 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, the state-run power company, 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
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Source
: CIA |
JANGER CC
STALLION DYESTUFFS
(SA)
47 Kensington Drive
DURBAN NORTH
Durban
KwaZulu-Natal
P O Box 3077
PRESTONDALE
4320
+27 31 563 8569/0843
+27 31 564 2424
The subject moved from
Unit 53 Enforce Park 43 Sea Cow Lake Road Briard Durban in 2010
100% MRS S J MACPHERSON (mother) ID No. 3403180065107
The membership changed and was previously:
50% M B MACPHERSON D.O.B. 700202
25% R D MACPHERSON (brother) ID No. 6105285106101
25% MRS S J MACPHERSON (mother) ID No. 3403180065107
The husband of Mrs S J Macpherson was previously a 40% member in the
business but he died in 2009.
EDUFORM CC
(Registration
Certificate Number: 2005/027396/23)
NEDBANK, Durban North
branch, Account Number: 1352013606. It
was stated that the subject enjoys overdraft facilities to an extent of R200
000, of which R100 000 is secured by M B MACPHERSON and R100 000 unsecured. Utilisation is stated to fluctuate.
13 July 1992
Registration
Certificate Number: 1992/018773/23
4220132932
9143253202
Importers and
distribution of dye stuff, speciality inks and pigments, enzymes and
chemicals. It was stated that the
subject has no specific brands.
It was stated that the
subject imports its supplies and deals locally with:
CLEAR FREIGHT, Durban
Local textile
industries
South Africa
None
3
None
The premises are
reported to be leased
R100
The following estimated
financial situation was submitted:
STOCK ±R 500 000
DEBTORS R 400 000
FIXED ASSETS R 250 000
CREDITORS R 150 000
TURNOVER per annum R4
500 000
ROSE WYNN CA (SA)
FEBRUARY
MUTUAL AND FEDERAL INSURANCE
BROKERS
ACCOUNT HIGHEST AVERAGE TERMS PAYMENT EXPERIENCE
OPENED CREDIT CREDIT PATTERN
1. 11 years undisclosed undisclosed 30
days 30 days Very Good
ACCOUNT HIGHEST AVERAGE TERMS PAYMENT EXPERIENCE
OPENED CREDIT CREDIT PATTERN
1. 1998 Declined Declined 30
days 30 days Very Good
This is an established business that is not
a general credit seeker locally. The
subject is meeting its local commitment timeously.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.60.12 |
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1 |
Rs.100.07 |
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Euro |
1 |
Rs.82.74 |
INFORMATION DETAILS
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Analysis Done by
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SUB |
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Report Prepared
by : |
NIS |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>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 |
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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 |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
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.