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Report Date : |
05.04.2014 |
DENTIFICATION DETAILS
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Name : |
TERAOKA S A (PTY) LTD |
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Formerly Known As : |
THE REAL ENVIRONMENTAL INVESTMENT TRUST COMPANY (PTY) LTD |
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Registered Office : |
4 City Deep Industrial Park, Fortune Street, City Deep, Johannesburg, Gauteng |
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Country : |
South Africa |
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Date of Incorporation : |
14.05.1993 |
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Com. Reg. No.: |
1993/002618/07 |
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Legal Form : |
Private Company |
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Line of Business : |
Import and deal in wrapping machines and electronic weighing devices
and the manufacturing of self-adhesive labels for scales |
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No. of Employees : |
±200 |
RATING & COMMENTS
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MIRAs 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
|
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.
|
Source
: CIA |
TERAOKA S A (PTY)
LTD
Formerly: THE REAL ENVIRONMENTAL INVESTMENT TRUST COMPANY (PTY) LTD, the
name having been changed on 21 November 1995
4 City Deep Industrial Park
Fortune Street
City Deep
JOHANNESBURG
Gauteng
P O Box 86281
CITY DEEP
2049
TELEPHONE NUMBER:
+27 11 613 4291
FAX NUMBER: +27 11 613 1171
The subject has branch premises at 20 Sharland Street, Germiston,
Gauteng, Tel No: +27 11 873 6148 / 873 8542.
100% D F SMART
The shareholding changed and was previously:
TERAOKA SEIKO CO LTD (majority)
MANAGEMENT
None in South Africa, however, the subject forms part of the TEROAKA
group of companies worldwide.
P C SMART ID No. 7401045025080
D F SMART ID No: 7510235041085
M D STENT ID No.
7709295219082
It was stated by respondents that the subject is in the process of
appointing C PETERS as a director
STANDARD BANK, Alberton Branch, Account Number 200206915. The subject
does not require overdraft facilities as credit balances are maintained at the
bank.
14 May 1993
Registration Certificate Number: 1993/002618/07
The subject was commenced as a new business.
VAT NUMBER: 4810151946
TAX NUMBER: 9501479845
Import and deal in wrapping machines and electronic weighing devices and
the manufacturing of self-adhesive labels for scales. The subject is a sole
distributor of Teraoke / Digi weighing systems as well as suppliers of other
brands such as INTERMEC and ANRITSU and ARCA
The subject imports 90% of its supplies from Japan, China and on a small
scale from the UK and deals locally with:
ROHLIG GRINDROD Johannesburg
EVONIK DE GUSSA
Manufacturing industry, retailers and industry in general.
South Africa
Seychelles and neighbouring countries, e.g. Botswana.
±200
The subject has 10 branches countrywide
The premises are reported to be leased.
R1 000 divided into 1 000 ordinary shares of R1 each
R100
Full financial information was declined; however the following estimated
financial situation was submitted as at 03 April 2014:
STOCK R
20 000 000
DEBTORS R
25 000 000
CREDITORS R
10 000 000
OVERDRAFT Nil
TURNOVER per annum R159 000 000
NKONKI
AUGUST
MULTI RISK INSURANCE BROKERS
ACCOUNT HIGHEST AVERAGE TERMS PAYMENT
EXPERIENCE
OPENED CREDIT CREDIT PATTERN
1. 5½ years R1 000 000 R100 000 - 15 days 15
days Very Good
c/l R700 000
ACCOUNT HIGHEST AVERAGE TERMS PAYMENT
EXPERIENCE
OPENED CREDIT CREDIT PATTERN
1. 5½ years R1 000 000 R100 000 - 15 days 15
days Very Good
c/l R600 000
ACCOUNT HIGHEST AVERAGE TERMS PAYMENT
EXPERIENCE
OPENED CREDIT CREDIT PATTERN
1. 1997 R800 000 R600 000 - 7 days 7
days Good
R800 000
fluctuates
ACCOUNT HIGHEST AVERAGE TERMS PAYMENT EXPERIENCE
OPENED CREDIT CREDIT PATTERN
1. 10 years+ open acc R500 000± 7 days 7
days Very good
ACCOUNT HIGHEST AVERAGE TERMS
PAYMENT EXPERIENCE
OPENED CREDIT CREDIT PATTERN
1. Old Acc R1 300 000 R 400 000 - 14 days 14 days
Excellent
R1 300 000
ACCOUNT HIGHEST AVERAGE TERMS PAYMENT
EXPERIENCE
OPENED CREDIT CREDIT PATTERN
1. 10 years R600 000 ±R1 000 000 14 days 14 days Excellent
(therefore c/l is
R1 200 000 per month)
2. 2006 R600 000 R300 000 30 days 30
days Very Good
c/l
3. 15 years R4 000 000 R250 000 60
days 60 days Excellent
ACCOUNT HIGHEST AVERAGE TERMS PAYMENT
EXPERIENCE
OPENED CREDIT CREDIT PATTERN
1. 8 years R450 000 R120 000 60 days 60
days Excellent
c/l
2. 1997 R600 000 R350 000 14 days 14
days Very Good
c/l
3. 2006 R600 000 R100 000 30 days 30
days Good
c/l
ACCOUNT HIGHEST AVERAGE TERMS PAYMENT
EXPERIENCE
OPENED CREDIT CREDIT PATTERN
1. 1997 R1 000 000 R600 000 14
days 14 days Excellent
c/l
2. 2006 R1 300 000 R500 000- 30 days 30
days Good
c/l R800 000
(These descriptions relate respectively by number to the above current
trade transactions):
1. Freight Forwarder
2. Speciality Chemicals
This is an established business which imports most of its supplies.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.60.32 |
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|
1 |
Rs.100.04 |
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Euro |
1 |
Rs.82.65 |
INFORMATION DETAILS
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Analysis Done by
: |
SUB |
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Report Prepared
by : |
NNA |
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 SCs
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.