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Report Date : |
18.08.2014 |
IDENTIFICATION DETAILS
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Name : |
JANGER CC |
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Registered Office : |
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Country : |
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Date of Incorporation : |
13.07.1992 |
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Com. Reg. No.: |
1992/018773/23 |
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Legal Form : |
Private Company |
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Line of Business : |
Importers and distributors 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 – June 01, 2014
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Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
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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 |
STALLION DYESTUFFS SA
TELEPHONE NUMBER: +27
31 563 8569
On investigation it
was established that the subject is a trading name of JANGER CC, which report
should be consulted.
Note
(The information contained in this report, other than comment by outside authorities, has been voluntarily supplied by Officials of the subject):
JANGER CC
STALLION DYESTUFFS (SA)
47 Kensington Drive
Durban North
Durban
KwaZulu-Natal
P O Box 3077
Prestondale
4320
TELEPHONE NUMBER: +27 31 563 8569/0843
FAX NUMBER: +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.61.06 |
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UK Pound |
1 |
Rs.101.84 |
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Euro |
1 |
Rs.81.56 |
INFORMATION DETAILS
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Analysis Done by
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SUB |
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Report Prepared
by : |
NIT |
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 |
-- |
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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.