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Report Date : |
08.03.2014 |
IDENTIFICATION DETAILS
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Name : |
KISMET DIAMONDS (PTY) LTD |
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Registered Office : |
5.A
Jewellery Centre, 3rd Floor Suite 308f, Johannesburg, Gauteng 2094 |
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Country : |
South Africa |
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Date of Incorporation : |
14.11.2012 |
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Com. Reg. No.: |
2012/203351/07 |
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Legal Form : |
Private Company |
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Line of Business : |
Not Available |
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No. of Employees |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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Status : |
Undetermined |
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Payment Behaviour : |
Unknown |
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Litigation : |
--- |
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 – december 01, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
South Africa |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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. State power supplier 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 |
KISMET
DIAMONDS (PTY) LTD
Suite 314 SA
Jewellery Centre
225 Main
Street
JOHANNESBURG
On investigation numerous attempts to establish contact details for the
subject proved unsuccessful, as a search via google revealed only an email
address of info@kismetjewellery.co.za
, to which a request was forwarded for a respondent to contact the
investigator. This request was forwarded on 3 separate occasions, with no reply
whatsoever. A further search was instituted on the director’s name, ROSHAN J
DAYA, with no results. The investigator was unable to contact the subject’s
auditors as no auditors are listed at CIPC. It is requested that, should our
client be in a position to assist with contact details for the subject, please
do so soonest, so that further investigation may be instituted.
Nevertheless, please see statutory information
obtained from CIPC below:
KISMET
DIAMONDS (PTY) LTD
PHYSICAL
ADDRESS:
5.A Jewellery
Centre
3rd Floor
Suite 308F
JOHANNESBURG
Gauteng
2094
POSTAL
ADDRESS:
5.A Jewellery
Centre
3rd Floor
Suite 308F
JOHANNESBURG
Gauteng
2094
ROSHAN
JASVINTLAL DAYA
ID No.
7601235165089
Residential
Address: 37 Suikerbos Street Lenasia Gauteng 1820
Postal
Address: 37 Suikerbos Street Lenasia Gauteng 1820
Date
Appointed: 14 November 2012 KISMET DIAMONDS (PTY) LTD Page 2 of 2
14 November
2012
Registration
Certificate Number: 2012/203351/07
FEBRUARY
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.99 |
|
UK Pound |
1 |
Rs.102.07 |
|
Euro |
1 |
Rs.84.53 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
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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 |
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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 |
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<10 |
C |
Absolute credit
risk exists. Caution needed to be exercised |
Credit not recommended |
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|
-- |
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.