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Report Date : |
17.07.2014 |
IDENTIFICATION DETAILS
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Name : |
SEN LI DA CHEMICAL FIBRE (PTY) LTD |
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Registered Office : |
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Country : |
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Date of Incorporation : |
16.07.2007 |
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Com. Reg. No.: |
2007/019918/07 |
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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 |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
|
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 – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
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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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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately 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 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.
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Source
: CIA |
SEN
LI DA CHEMICAL FIBRE (PTY) LTD
PHYSICAL ADDRESS: No. 3 Purple Street
Site 76
Madadeni Industrial
Estate
NEW CASTLE
2951
POSTAL ADDRESS: P O
Box 6624
MADADENI
2951
TELEPHONE NUMBER: +27 34 374 9152
FAX NUMBER: +27
34 374 9153
On investigation contact was made with a respondent who declined to
assist with information telephonically and requested that an email
questionnaire be forwarded. This was
duly sent to sldfrb@hotmail.com. As soon as further information is
forthcoming, the same will be compiled and forwarded to our client.
Nevertheless, please see information obtained from CIPC which reads as
follows:
SEN LI DA CHEMICAL FIBRE (PTY) LTD
PHYSICAL ADDRESS: Site 76 Madadeni Industrial Estate
No 3 Purple Street
MADADENI
2951
POSTAL ADDRESS: P O Box 6624
MADADENI
2951
MINGCHONG XU
Ppt No. G319623620000
Residential Address: Site 76 Madadeni Industrial Site No 3 Purple Street
Madadeni 2951
Postal Address: P O Box 6624 Madadeni 6624
Date Appointed: 6 January 2012
LISHENG GAO
Ppt No. PCHNG05505248
Residential Address: Unti 206
Bretton Woods 3rd Street Killarney 2193
Postal Address: P O Box 236 Bruma 2026
Date Appointed: 15 November 2007
JIANDA CHEN
Ppt No. PCHNG15167536
Residential Address: Site 76
Madadeni Industrial Site No 3 Purple Street Madadeni 2951
Postal Address: P O Box 6624 Madadeni 6624
Date Appointed: 15 November 2007
WEI ZHANG
Ppt No. PCHNG15717500
Residential Address: Unit 206 Bretton Woods
3rd Street Killarney Johannesburg 2193
Postal Address: P O Box 236 Bruma Johannesburg 2026
Date Appointed: 16 July 2007
YONG QIAN
Ppt No. PCHNG22878887
Residential Address: Unit 206 Bretton Woods 3rd Street
Killarney 2193
Postal Address: P O Box 236 Bruma 2026
Date Appointed: 15 November 2007
16 July 2007
Registration Certificate Number: 2007/019918/07
4720239864
9716050159
MRL INCORPORATED CHARTERED ACCOUNTANTS AND AUDITORS
FEBRUARY
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.19 |
|
|
1 |
Rs.103.14 |
|
Euro |
1 |
Rs.81.66 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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|
|
|
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 |
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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 |
|
<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.