|
Report Date : |
31.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
D S R A INDUSTRIAL SALES CC |
|
|
|
|
Registered Office : |
Unit 6 & 7, Protea
|
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
02.01.2001 |
|
|
|
|
Com. Reg. No.: |
2001/000124/23 |
|
|
|
|
Legal Form : |
Close Corporation |
|
|
|
|
Line of Business : |
Importers of conveyor and transmission belting for
tobacco, food and general processing and production purposes |
|
|
|
|
No. of Employees : |
±9 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
Payment Behaviour : |
Slow but correct |
|
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 |
D S R A INDUSTRIAL
SALES CC
STEEL BELTING
Unit 6 & 7
Protea Business Park
No. 30 All Black Road
Anderbolt
BOKSBURG
Gauteng
P O Box 16669
ATLASVILLE
1465
TELEPHONE NUMBER: +27 11 914 2015
FAX NUMBER: +27 11 914 2016
100% Ms M S EDWARDS ID No. 5905170050188
None
The subject banks with
FIRST NATIONAL BANK, Boksburg branch. It was stated that the subject does enjoy
overdraft facilities, however, further banking details were declined.
02 January 2001
Registration Certificate Number: 2001/000124/23
The subject commenced trading as a new business in 2001
4070192564
9383106144
Level 4 contributor
Importers of conveyor and transmission belting for tobacco, food and general processing and production purposes.
The subject imports most
of its supplies and has local suppliers.
Previously, we have
divulged the names of the major suppliers in our reports. We have discontinued this practice to protect
our valuable sources of trade information.
This has become necessary because we now give a description of the goods
or services to which the trade references relate. This gives our client the ability to assess
whether the purchases are vital to the
subject’s operation and whether we have only been given their essential
suppliers that must be paid promptly for the subject to maintain its operation.
Food, building, and
agricultural industries.
South Africa
Sub-Saharan African countries
±9
None
The premises are reported to be leased
The following
estimated financial situation was submitted as at 28 October 2014:
STOCK R1 500
000
DEBTORS R1 600
000
CREDITORS R1 200
000
TURNOVER per annum R9 000
000
BEST-TOP MAKELAARS
FEBRUARY
CIB & MOMENTUM
INSURANCE BROKERS
ACCOUNT HIGHEST AVERAGE TERMS PAYMENT
EXPERIENCE
OPENED CREDIT CREDIT PATTERN
1. 2007 R10
000 R1 000- 30 days 30/45 days Good
R13 000
2. 8 years R275
000 R30 000- 30 days 30/33 Good
R80 000
3. 2010 R500 000 Declined 60
days 60 days Good
Insured: CGIC
NATURE OF GOODS OR SERVICES SUPPLIED:
(These descriptions
relate respectively by number to the above current trade transactions):
1. Beltings
2. Conveyor beltings
3. Clearing and import services
This is an established
business that is meeting its local commitments over terms at times but is still
regarded well by the suppliers. The subject is considered equal to its normal
business engagements over 60 days and secured.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.46 |
|
|
1 |
Rs.98.21 |
|
Euro |
1 |
Rs.77.45 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
PDT |
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.