|
Report Date : |
11.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
ENUS
MUSSA |
|
|
|
|
Registered Office : |
83
Heidelberg Rd, City Deep, Johannesburg, 2197 |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
Not Available |
|
|
|
|
Com. Reg. No.: |
5206155195082 |
|
|
|
|
Legal Form : |
Not Available |
|
|
|
|
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 – 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 |
|
Subject
Name |
ATLANTIC
SEA FOODS |
|
Country |
South
Africa |
|
Subject
Contact Person |
RIDWAN
MUSSA - Financial Accountant |
|
Assessment |
On
investigation contact was made with RIDWAN MUSSA the financial accountant who
declined to assist with the information. The subject declined as they
requested the name of the principal enquirer to be revealed. Please see the
available information on the subject below. |
|
Registered
Name |
ENUS MUSSA |
|
Trading
as/ Division Name |
ATLANTIC
SEAFOODS |
|
Previous
Name |
Unavailable |
|
Date
of Name Change |
Unavailable |
|
Registration
Number |
5206155195082 |
|
Registration
Date |
|
|
Date
Commenced Trading |
Unavailable |
|
Age
of Business |
Unavailable |
|
History
of Business |
Unavailable |
|
History
of Principals |
There
is 1 active member within the company |
|
Shareholders/Members/Partners
of subject and % holding |
100%
- ENUS MUSSA |
|
Authorised
Share Capital |
|
|
Issued
Share Capital/Members Contribution |
|
|
Status |
Active |
|
Operations
Assessment |
Unavailable |
|
Industry/
Customers |
Unavailable |
|
Export |
Unknown |
|
Export
Countries |
|
|
Import |
Unknown |
|
Import
Countries |
|
|
Major
Industry Code / SICC |
9000 |
|
Definition
of Code |
Other
activities not adequately defined. |
|
Head
Office Physical Address |
83
HEIDELBERG RD, CITY DEEP, JOHANNESBURG, 2197 |
|
Head
Office Postal Address |
PO
BOX 31764, BRAAMFONTEIN, JOHANNESBURG, 2017 |
|
Current
Tel Number |
0116132700 |
|
Cell
Number |
0825797444 |
|
Current
Fax Number |
|
|
Current
Email Address |
|
|
Web
Site Address |
|
|
Comments |
|
Auditors Information
- No Information on Record
Previous Auditors
Information - No Information on Record
|
Vat
Number |
4690110541 |
|
Status |
ACTIVE |
|
Vat
Liable Date |
|
|
Tax
Number |
|
|
Tax
Clearance Expire Date |
|
|
Financial
Year End |
|
|
Comment |
|
Black Economic
Empowerment Information - No Information on Record
ISO Information - No
Information on Record
Work Mans Information
- No Information on Record
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
Organisation
Chart
|
Level |
Position |
Name |
Comment |
|
1 |
Owner |
ENUS
MUSSA |
|
Company
Structure (Ownership)
Note: One level up and all levels
down
|
Holding |
Company |
Sub |
Comment |
|
100%
- ENUS MUSSA |
ENUS
MUSSA t/a ATLANTIC SEAFOODS |
|
|
Key
Deals - No Information on Record Trade References Information - No Information
on Record
Judgements - No
information on record
BusinessRescue - 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
|
Number
of Principals |
|
|
Average
Age of Active Principals |
|
Active Principals
Active Principal - 1
of 1
ENUS MUSSA
|
Surname |
MUSSA |
|
First
Name |
ENUS |
|
Other
Names |
None |
|
Marital
Status |
Single |
|
ID
Number |
5206155195082 |
|
Verified
ID Number |
|
|
Current
Age |
|
|
Designation |
OWNER |
|
Status |
Active |
|
Appointment
Date |
|
|
Physical
Address (at time of Appointment) |
54
LILIAN ROAD, FORDSBURG, 2092 |
|
Postal
Address |
|
|
Current
Tel Number |
0116132700 |
|
Cell
number |
0825797444 |
|
Shareholding/Membership |
100% |
Principal's Adverse -
No information on record
Business Information
for ENUS MUSSA
Principal's Current
Business Interests - No information on record
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.61.16 |
|
|
1 |
Rs.98.63 |
|
Euro |
1 |
Rs.77.67 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
SMN |
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.