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Report Date : |
12.03.2014 |
IDENTIFICATION DETAILS
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Name : |
AMBE ENTERPRISES CC |
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Registered Office : |
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Country : |
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Date of Incorporation : |
08.02.2000 |
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Com. Reg. No.: |
2000/005396/23 |
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Legal Form : |
Private Company |
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Line of Business : |
Importers and
distributors of stainless steel and non-stick cookware, home furnishing,
kitchen ware, gifts and other items such as religious murtis and Hindu
festival items. |
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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 : |
No complaints |
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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) |
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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 |
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, 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. Unemployment, poverty, and inequality remain a challenge, with
official unemployment at nearly 25% of the work force. Eskom, the state-run
power company, 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 |
AMBE ENTERPRISES CC
PHYSICAL ADDRESS: 20
Production Road
AMALGAM
Johannesburg
Gauteng
POSTAL ADDRESS: P O
Box 96477
BRIXTON
2019
TELEPHONE NUMBER: +27
11 839 1193
FAX NUMBER: +27
11 837 4024
100% M M DOOLABH ID No.
7012195138084
SHRUSTI INVESTMENTS CC
M V FRANCHISING (PTY)
LTD
FIRST NATIONAL BANK,
Main Street Johannesburg Branch. The
subject does not require overdraft facilities as credit balances are maintained
at the bank.
8 February 2000
Registration Certificate
Number: 2000/005396/23
It was stated by the
respondent that the operations originally started in 1984 as a sole
proprietorship.
4390187971
9326025146
Importers and distributors
of stainless steel and non-stick cookware, home furnishing, kitchen ware, gifts
and other items such as religious murtis and Hindu festival items.
The subject imports 98%
of its supplies through TWALA GLOBAL.
Wholesalers and
retailers
South Africa
None
10
None
The premises are
reported to be owned by the subject valued in the region of
R4 000 000, free of bond.
R100
Full financial
information was not forthcoming from respondents at the subject, nevertheless,
it was stated that the turnover per annum is between R15 000 000 to
R20 000 000.
VINOD JINA BHIKA
FEBRUARY
RELIANCE INSURANCE
BROKERS
ACCOUNT HIGHEST AVERAGE TERMS PAYMENT
EXPERIENCE
OPENED CREDIT CREDIT PATTERN
1. 9 years R400 000 R100 000 7 days 7 days Good
This is an
established business meeting its local commitment timeously.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.60.70 |
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1 |
Rs.100.97 |
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Euro |
1 |
Rs.84.16 |
INFORMATION DETAILS
|
Report Prepared
by : |
NNA |
RATING EXPLANATIONS
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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 |
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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 |
-- |
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.