|
Report Date : |
28.03.2014 |
IDENTIFICATION DETAILS
|
Name : |
EPIC ENTERTAINMENT CC |
|
|
|
|
Registered Office : |
7 Williams Road, Westville, Durban, KwaZulu-Natal |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
31.05.2011 |
|
|
|
|
Com. Reg. No.: |
2011/081942/23 |
|
|
|
|
Legal Form : |
Closed Corporation
|
|
|
|
|
Line of Business : |
Not Available |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
South Africa |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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 |
EPIC ENTERTAINMENT
CC
PHYSICAL ADDRESS: 7 Williams Road
WESTVILLE
Durban
KwaZulu-Natal
TELEPHONE NUMBER: +27 31 266 1077
On investigation contact was made with the member, Rakesh Maharaj, who
stated that he is on set, filming, and is unable to assist the investigator
with information and requested that an email questionnaire be forwarded. This was duly sent. Further contact was made with the respondent
who stated that he is still on set in The Wilderness and has not yet viewed his
emails. It was, however, stated that he
will be back at the office on Friday the 28th of March 2014, when he
will peruse the questionnaire. 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:
COMPANY NAME: EPIC ENTERTAINMENT CC
ADDRESSES ON CIPC:
PHYSICAL ADDRESS: 7 Williams Road
WESTVILLE
Durban
3629
POSTAL ADDRESS: 7 Williams Road
WESTVILLE
Durban
3629
RAKESH CUNNENLAL MAHARAJ
ID No. 6001195192085
Residential Address: 7 Williams Road Westville Durban 3629
Postal Address: 7 Williams Road Westville Durban 3629
Interest Held: 100%
31 May 2011
Registration Certificate Number: 2011/081942/23
LSG INTEGRATED
Physical Address: 318 Rivonia Boulevard Rivonia 2128
Postal Address: P O Box 457 Rivonia 2128
FEBRUARY
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.13 |
|
|
1 |
Rs.99.65 |
|
Euro |
1 |
Rs.82.91 |
INFORMATION DETAILS
|
Report Prepared
by : |
NNA |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.