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Report Date : |
29.10.2014 |
IDENTIFICATION DETAILS
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Name : |
RAND YORK MINERALS (PTY) LTD |
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Registered Office : |
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Country : |
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Date of Incorporation : |
31.10.1985 |
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Com. Reg. No.: |
1985/004951/07 |
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Legal Form : |
Private Company |
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Line of Business : |
Not available [We tried to confirm / obtain the detailed activity but the same is
not available from any sources] |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
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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 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 |
RAND YORK MINERALS
P O Box 650755
BENMORE
2010
TELEPHONE NUMBER: +27 11 463
9000
FAX NUMBER: +27 11 463 7002
On investigation contact was made with a
respondent who declined to assist with information telephonically and requested
that an email questionnaire be forwarded.
This was duly sent. As soon as
information is forthcoming, the same will be compiled and forwarded to our
client.
Nevertheless, please see statutory information obtained from CIPC below:
RAND YORK MINERALS (PTY) LTD
PHYSICAL ADDRESS:
42 Lebombo Road
ASHLEY GARDENS
Gauteng
POSTAL ADDRESS:
Private Bag 2006
MENLYN
0063
HENDRIK STEPHANUS LODEWIKUS DU PLESSIS
ID No. 4408295023007
Residential Address: Barnstableweg 46, Lynnwood Manor
Postal Address: Barnstableweg 46, Lynnwood Manor, 0081
Date Appointed: 28 February 1992
JOHANNES ADAM STRIJDOM
ID No. 4401065029007
Residential Address: Sadiestraat 333, Lynnwoodpark
Postal Address: Posbus 11002, Brooklyn, 0011
Date Appointed: 8 April 1991
continued
ZELDA DU PREEZ
ID No. 7003040055086
Residential Address: 92 Mount Street, Bryanston
Postal Address: P O Box 650755, Benmore, 2010
Date Appointed: 16 September 1998
31 October 1985
Registration Certificate Number:
1985/004951/07
9570279647
MALAN AND DU PREEZ INGELYF
Postal Address: private Bag 2006
MENLYN 0063
FEBRUARY
23 October 2014
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.35 |
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|
1 |
Rs.98.93 |
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Euro |
1 |
Rs.77.92 |
INFORMATION DETAILS
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Analysis Done by
: |
RAS |
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Report Prepared
by : |
PDT |
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 |
-- |
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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.