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Report Date : |
04.12.2014 |
IDENTIFICATION DETAILS
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Name : |
ARCTOCEL (PTY) LTD |
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Registered Office : |
4th Floor Aloe Grove, |
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Country : |
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Date of Incorporation : |
08.04.2010 |
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Com. Reg. No.: |
2010/006739/07 |
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Legal Form : |
Private Company |
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Line of Business : |
Not Available [We tried to confirm / obtain the detailed activity but the same is not available from any sources ] |
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No of Employees : |
Not Available [We tried to confirm the number of employees but no one is ready to part
any information from the company management.] |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
South Africa |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
|
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 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 |
ARCTOCEL (PTY) LTD
42 Homestead Road
River Park
Galaxy House, First Floor
RIVONIA
Sandton
TELEPHONE NUMBER: +27 11 234 5230
On investigation
contact was made with the respondent who stated that the person that will be able
to assist the investigator with information is not available. It was requested
that an email questionnaire be forwarded. This was duly sent. As soon as
information is forthcoming the same will be forwarded to our client.
Nevertheless,
please see statutory information obtained from CIPC below:
ARCTOCEL (PTY) LTD
PHYSICAL ADDRESS: 4th Floor Aloe Grove
Houghton
Estate Office Park
2
Osborn Road
HOUGHTON
ESTATE
2198
POSTAL ADDRESS: P O BOX 225
HIGHLANDS
NORTH
2037
TODHI PRIA POERNOMO
D.O.B. 1984-06-08
Residential Address: 501 317 - 301 Kh. Waleed Road Atrium Centre Dubai
Postal Address: P O Box 36449 Dubai United Arab EMIRATES
Date Appointed: 2010-08-11
ARNAV JHUNJHUNWALA
D.O.B. 1990-10-01
Residential Address: 10/4 Alipore Park Place Kolkata 700 027 India
Postal Address: 311 Bcnd 2nd Floor Dlf South Court Saket New Delhi 110
017 India
Date Appointed: 2012-07-10
08 April 2010
Registration Certificate Number: 2010/006739/07
4110256569
9303576178
NEXIA LEVITT KIRSON
DECEMBER
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.89 |
|
|
1 |
Rs.96.83 |
|
Euro |
1 |
Rs.76.57 |
INFORMATION DETAILS
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Analysis Done by
: |
RAS |
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Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
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 |
|
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.