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Report Date : |
17.04.2014 |
IDENTIFICATION DETAILS
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Name : |
CAPTOTRON CC |
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Registered Office : |
11 Quarry Park Place, River Horse Valley Business Estate, EFFINGHAM
KwaZulu Natal |
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Country : |
South Africa |
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Date of Incorporation : |
30.04.2010 |
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Com. Reg. No.: |
2010/057575/23 |
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Legal Form : |
Private Company |
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Line of Business : |
Importers and distributors of men’s, womens and
children’s clothing. |
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No of Employees : |
40 |
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
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
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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 Risk |
A2 |
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Moderate Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderate High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
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 |
CAPTOTRON CC
FOREVER FASHION
11 Quarry Park Place
River Horse Valley Business
Estate
EFFINGHAM
KwaZulu Natal
P O Box 40676
REDHILL
4071
TELEPHONE NUMBER: +27 31 514 3600
FAX NUMBER: +27
31 569 1616
100% T V C STEFANO ID No. 5401150159080
None
NEDBANK, KZN Business Banking. Further information
on banking facilities was not forthcoming from respondent.
30 April 2010
Registration Certificate Number: 2010/057575/23
The subject commenced trading in 2010 as a new
business.
4460257852
Importers and distributors of men’s, womens and
children’s clothing. There are no specific brands.
CLOUD 9 TRADING CC
The respondent declined to assist with further
suppliers unless the name of the enquirer is divulged.
Retail clothing chain stores
South Africa
None
40
None
Leased
R100
Full financial information was not forthcoming
from respondents at the subject and outside authorities were unable to assist
in this regard.
PKF
FEBRUARY
NEDBANK INSURANCE BROKERS
ACCOUNT HIGHEST AVERAGE TERMS PAYMENT EXPERIENCE
OPENED CREDIT CREDIT PATTERN
1. 2
years open R100 000+ 30 days 30
days Excellent
NATURE OF GOODS OR SERVICES SUPPLIED:
(These descriptions relate respectively by number
to the above current trade transactions):
1. Clothing
This is an established business meeting its one divulged commitment timeously
and is well regarded by its local supplier. The subject is considered equal to
a maximum figure of €7 000 over 30 days, however the lack of financial
information should be borne in mind.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 60.26 |
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|
1 |
Rs. 100.78 |
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Euro |
1 |
Rs. 83.29 |
INFORMATION DETAILS
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Analysis Done by
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SUB |
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Report Prepared
by : |
DPT |
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.