MIRA INFORM REPORT

 

 

Report Date :

04.10.2014

 

 

 

 

NOTE:

 

With reference to your request, it was established that the entity Africa Food and Chemical Export Company Pty Ltd, is situated at 80 Hunslett Drive, Phoenix.

 

 

RATING & COMMENTS

 

MIRA’s Rating :

C

 

RATING

STATUS

PROPOSED CREDIT LINE

<10

C

Absolute credit risk exists. Caution needed to be exercised

Credit not recommended

 

Status :

No Trace

Payment Behaviour :

--

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 – June 1, 2014

 

Country Name

Previous Rating

(31.03.2014)

Current Rating

(01.06.2014)

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 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

 

 

 

 

COMPANY NAME

 

AFRICA FOOD & FOOD CHEMICAL (PTY) LTD

 

 

PHYSICAL ADDRESS    

 

80 Hunslett Drive

Phoenix

           

On investigation it was established that are no companies registered as above, however, a company by the name of AFRICA FOOD AND CHEMICAL EXPORT COMPANY (PTY) LTD is registered at CIPC.  Contact was made with a respondent who declined to assist with any information and requested that an email questionnaire be forwarded.  This was duly sent.  As soon as further information is forthcoming, the same will be compiled and forwarded to our client.

 

Nevertheless, please see statutory information obtained from CIPC below:

 

COMPANY NAME

 

AFRICA FOOD AND CHEMICAL EXPORT COMPANY (PTY) LTD

 

 

ADDRESSES ON CIPC RECORDS

 

PHYSICAL ADDRESS    

 

1st Floor

202 Brickfield Road

Overport

4001

 

 

POSTAL ADDRESS

 

P O Box 4969

Durban

4000

 

 

DIRECTORS

 

SHAFIQUE ISMAIL AKOONJEE

ID No. 7308185163086

Residential Address: End Westham Drive Westham Phoenix 4051

Postal Address: P O Box 60512 Phoenix 4051

Date Appointed: 1 July 1997

 

 

DATE REGISTERED

 

19 August 1992

Registration Certificate Number: 1992/004728/07

 

 

TAX NUMBER

 

9003142206

 

AUDITORS

 

DESAI JADWAT INC

Physical Address: First Floor, Kenilworth Park, 202 Brickfield Road, Overport, 4094

Postal Address: P O Box 4969, Durban 4000

           

YEAR END

 

FEBRUARY

 

 

IMPORTANT NOTE:

 

Kindly provide us with additional information such as Correct Name, Address, Contact Details, Name of Contact Person or a copy of the Upper Part of Letterhead within 15 days of receiving this report, a would be sent without any additional cost.

 

 

INFORMATION DETAILS

 

Analysis Done by :

SUB

 

 

Report Prepared by :

TPT

 

 

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