|
Report Date : |
20.08.2014 |
IDENTIFICATION DETAILS
|
Name : |
TSHIPI E NTLE MANGANESE MINING (PTY) LTD |
|
|
|
|
Registered Office : |
1st Floor, |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
07.02.2008 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Not Available (We tried to confirm obtain the details activity but the same
is not available from any source) |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
Payment Behaviour : |
Unknown |
|
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
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
South Africa |
A2 |
A2 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
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 16th largest in the world. Even though the
country's modern infrastructure supports 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,
albeit slowly with 2014 growth projected at about 2%. Unemployment, poverty,
and inequality - among the highest in the world - remain a challenge. Official
unemployment is at nearly 25% of the work force, and runs significantly higher
among black youth. Eskom, the state-run power company, has built two new power
stations and installed new power demand management programs to improve power
grid reliability. Construction delays at two additional plants, however, mean
South Africa is operating on a razor thin margin; economists judge that growth
cannot exceed 3% until those plants come on line. 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 |
TSHIPI E NTLE
MANGANESE MINING (PTY) LTD
PHYSICAL ADDRESS: 1st Floor
Gleneagles Building
Fairway Office Park
52 Grosvenor Road
BRYANSTON
TELEPHONE NUMBER: +27 11 706 9004
FAX NUMBER: +27 86 240 4925
On investigation contact was made with a respondent at the subject, who
stated that the only person able to assist with the required information is
Habiba, the Assistant to Karel Malan, the Financial Manager. Contact was made with Habiba who declined to
assist with information telephonically and requested that an email
questionnaire be forwarded. This was
duly sent. Further contact was made with
the respondent who confirmed receipt of the email, however, was waiting for
authorisation to divulge the required information. Numerous further attempts were made to
established contact with the respondent, which proved unsuccessful. Reminder emails have also been forwarded,
with no reply. The investigator will
continue to establish contact with the respondent. As soon as further information is
forthcoming, the same will be compiled and forwarded to our client. It must, however, be noted that a previous
attempt to compile a report on the subject, has proved unsuccessful as email
questionnaires have never been returned providing information.
Nevertheless, please see information obtained from CIPC:-
PHYSICAL ADDRESS: 21 Central Street
HOUGHTON
2198
POSTAL ADDRESS: P O Box 652286
BENMORE
2010
BRIAN PATRICK GILBERTSON
D.O.B. 430815
Residential Address: Apartment 3, 3A Palace Green, London, W8 4TR,
United Kingdom, 0000
Postal Address: 54 Jermyn Street, LondonSW1Y 6XL, United Kingdom, 0000
Date Appointed: 31 March 2009
MOSES MODIDIMA NGOASHENG
ID No. 5705105746084
Residential Address: 266 Papenfus Drive, Beaulieu, Kyalami, 1684
Postal Address: P O Box 652286, Benmore, 2198
Date Appointed: 15 July 2008
SAKUMZI JUSTICE MACOZOMA
ID No. 5705125759083
Residential Address: 16 Kafue Road, Emmarentia, 2195
Postal Address: P O Box 201, Melrose Arch, 2076
Date Appointed: 12 March 2009
JOHANNES GUMEDE
ID No. 6401215576087
Residential Address: 8 Cedar Crescent, Greenhills, Randfontein, 1759
Postal Address: Private Bag 2002, Krugersdorp, 1740
Date Appointed: 18 September 2009
PETER IVAN TOTH
D.O.B. 690610
Residential Address: 31 Orange Grove Road, #04-05 Singapore, 0000
Postal Address: 80 Narine Parade, #08-08 Singapore, 0000
Date Appointed: 27 October 2010
PRIYANK THAPLIYAL
D.O.B. 710702
Residential Address: 8 Elfindale Road, London, SE24 9NW, United Kingdom,
0000
Postal Address: Pallinghurst Advisors LLP, 54 Jermyn Street, Londn, SW1Y
6LX, United Kingdom, 0000
Date Appointed: 31 March 2009
FINN BEHNKEN
ID No. 7202065165081
Residential Address: 14 Gladioulus Avenue, Vredehoek, 8001
Postal Address: P O Box 12160, Die Boord, Western Cape, 7613
Date Appointed: 31 March 2009
7 February 2008
Registration Certificate Number:
2008/003117/07
4340255050
9500087169
R1 000 divided into 1 000 ordinary shares of R1 each
R1
Not available
FEBRUARY
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.73 |
|
|
1 |
Rs.101.48 |
|
Euro |
1 |
Rs.81.04 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
NIT |
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.