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Report Date : |
26.02.2014 |
IDENTIFICATION DETAILS
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Name : |
AUTOMANN TRUCK AND TRAILER COMPONENTS CC |
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Registered Office : |
Unit 14, Hughs Service Industrial Park, Romeo Street,
Boksburg, Gauteng |
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Country : |
South Africa |
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Date of Incorporation : |
23.12.2008 |
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Com. Reg. No.: |
2008/264338/23 |
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Legal Form : |
Private Company |
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Line of Business : |
Importers and distributors of automotive parts such as
axels, suspensions for cars, trucks and trailers using the brand name AT |
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No. of Employees : |
10 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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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) |
|
South Africa |
A2 |
A2 |
|
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, some
components retard growth. The economy began to slow in the second half of 2007 due
to an electricity crisis. State power supplier Eskom encountered problems with
aging plants and meeting electricity demand necessitating
"load-shedding" cuts in 2007 and 2008 to residents and businesses in
the major cities. Subsequently, 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 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 |
AUTOMANN TRUCK AND TRAILER COMPONENTS CC
Unit 14
Hughs Service Industrial Park
Romeo Street
BOKSBURG
Gauteng
P O Box 25042
BOKSBURG
1462
+27 11 826 3424 / 5591
+27 86 646 7456
57.5% P S CHANDHOK D.O.B. 571005
42.5% S B S SABHARWAL D.O.B. 720125
None
NEDBANK, Lakeside Mall, Account Number: 1013270991. It was stated that the subject does not require overdraft facilities as credit balances are maintained at the bank.
23 December 2008
Registration Certificate Number: 2008/264338/23
The subject commenced trading in 2008
4280253214
9587424848
Non-compliant
Importers and distributors of automotive parts such as axels, suspensions for cars, trucks and trailers using the brand name AT
The subject imports 95% of its supplies and utilises the following clearing agent and local supplier:
TURNER SHIPPING
CMR AGENCIES
Retailers and wholesalers
South Africa
Botswana
10
None
The premises are reported to be leased
Full financial information was not forthcoming from respondents at the subject and outside authorities were unable to assist in this regard.
SAE RAWAT CFA
FEBRUARY
JSS INSURANCE BROKERS
ACCOUNT HIGHEST TERMS PAYMENT EXPERIENCE
OPENED CREDIT PATTERN
1. Do not give trade references
2. 2009 Open 30 days 30 days Good
This is a relatively established business meeting its moderate
commitment generally timeously.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.98 |
|
|
1 |
Rs.103.31 |
|
Euro |
1 |
Rs.85.14 |
INFORMATION DETAILS
|
Report Prepared
by : |
NNA |
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 |
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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 |
|
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 |
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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.