MIRA INFORM REPORT

 

 

Report Date :

24.06.2014

 

IDENTIFICATION DETAILS

 

Name :

NEWSPACE PUBLISHING CC

 

 

Registered Office :

17 Braeside Road Green Point Cape Town 8001

 

 

Country :

South Africa

 

 

Date of Incorporation :

19.08.2009

 

 

Com. Reg. No.:

B2009/163194/23

 

 

Legal Form :

Private Company

 

 

Line of Business :

Engaged in publishing of Books, Brochures, Musical Books and other Publications

 

 

No of Employees :

Not Available 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

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 – March 31, 2014

 

Country Name

Previous Rating

(31.12.2013)

Current Rating

(31.03.2014)

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

 

Subject Name

NEWSPACE PUBLISHING CC

Country

South Africa

Subject Contact Person

BARBARA LENHARD

Assessment

This is an established business.

 

On investigation contact was made with BARBARA LENHARD the managing member who declined to assist with any information on the subject.

 

MRS LENHARD requested to know the name of the principal enquirer before she would divulge any information on the subject.

 

Please see the available information below.

 

 

Company information

 

Registered Name

NEWSPACE PUBLISHING CC

Trading as/ Division Name

NEWSPACE PUBLISHING

Previous Name

None

Date of Name Change

None

Registration Number

B2009/163194/23

Registration Date

2009/08/19

Date Commenced Trading

2009-08-19

Age of Business

4 Years 10 Months

History of Business

The business was established in 2009

History of Principals

There is 1 member within the director

Shareholders/Members/Partners of subject and % holding

100%-BARBARA LENHARD

Authorised Share Capital

R 0.00

Issued Share Capital/Members Contribution

R 0.00

Status

In Business

Operations Assessment

The subjects main operation is to publish books

Industry/ Customers

All major book stores

Export

Declined

Import

Declined

Major Industry Code / SICC

32410

Definition of Code

Publishing of books, brochures, musical books and other publications

Head Office Physical Address

17 Braeside Road Green Point CAPE TOWN 8001

Head Office Postal Address

17 Braeside Road Green Point CAPE TOWN8001

Current Tel Number

0214331699

Cell Number

None

Current Fax Number

0865651438

Current Email Address

info@newspace.co.za

Web Site Address

www.newspace.co.za (Under Construction)

 

Auditors information

 

Company Registered Name

TIMOTHY XAVIER STANTON

Trading Name

Unavailable

Registration Number

Unavailable

Physical Address

Unavailable

Postal Address

P.O BOX 1195, SEA POINT, 8060

Contact Person

Unavailable

Contact Number

Unavailable

Email

Unavailable

Judgements Against Subject

Unavailable

Judgements Against Principals

Unavailable

Practice Number

6456

VAT Number

Unavailable

Tax Number

Unavailable

BEE Status

Unavailable

Financial Year End

Unavailable

No of years in Business

3 Years 2 Months

Website

Unavailable

 

Previous Auditors Information - No Information on Record

 

 

Tax information

 

Vat Number

4030257044

Status

ACTIVE

Vat Liable Date

2009/04/01

Financial Year End

February

 

 

Black Economic Empowerment Information - No Information on Record

 

ISO Information - No Information on Record

 

Work Mans Information - No Information on Record

 

 

Company Structure

 

Subsidiaries Information - No Information on Record

 

Employees Information - No Information on Record

 

Company Fleet Information - No Information on Record

 

Offices Information - No Information on Record

 

Branch Information - No Information on Record

 

Management Overview

 

Organisation Chart

Level

Position

Name

1

Member

BARBARA LENHARD

 

Company Structure (Ownership)

Note: One level up and all levels down

 

Holding

Company

Sub

Comment

100%-BARBARA LENHARD

NEWSPACE PUBLISHING CC

None

 

 

Key Deals - No Information on Record

 

Trade References Information - No Information on Record

 

 

Adverse Information on Subject

 

Judgements - No information on record

 

Business Rescue - No Information on Record

 

Default Listing - No information on record

 

Notarial Bonds - No information on record

 

Bank Information - No Information on Record

 

Bank Code History - No Information on Record

 

Previous Bank Account Information - No Information on Record

 

Deeds Information - No information on record

 

Principals

 

Number of Principals

1

Average Age of Active Principals

46

 

Active Principals Principal - 1 of 1 BARBARA LENHARD

Surname

LENHARD

First Name

BARBARA

Other Names

None

ID Number

826206827

Verified ID Number

No

Current Age

46 Years 1 Months

Designation

Member

Status

Active

Appointment Date

2009/08/19

Physical Address (at time of Appointment)

5A AVENUE ST LOUIS, FRESNAYE, CAPE TOWN, 8005

Postal Address

5A AVENUE ST LOUIS, FRESNAYE, CAPE TOWN, 8005

Current Tel Number

0214331699

Cell number

Unavailable

Shareholding/Membership

100.00

 

Principal's Adverse - No information on record

 

Business Information for BARBARA LENHARD

 

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

NEWSPACE PUBLISHING CC

B2009/163194/23

In Business

5 Years 5 Months

0

No

 

 

Principal's Previous Business Interests - No information on record

 

Principal's Deeds Information - No information on record

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.60.19

UK Pound

1

Rs.102.56

Euro

1

Rs.81.91

 

 

INFORMATION DETAILS

 

Analysis Done by :

SUM

 

 

Report Prepared by :

MNL

 

 

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.