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Report No. : |
315947 |
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Report Date : |
15.04.2015 |
IDENTIFICATION DETAILS
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Name : |
TSHIPI E NTLE MAGANESE MINING (PTY) LTD |
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Formerly Known As : |
NEWSHELF 955 (PTY) LTD |
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Registered Office : |
First Floor, Gleaneagles Building, Fairway Office Park, 52 Grosvenor Road, Bryanston |
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Country : |
South Africa |
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Date of Incorporation : |
07.02.2008 |
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Com. Reg. No.: |
2008/003117/07 |
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Legal Form : |
Limited 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 Employee : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
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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 Africa’s largest and among the top 20 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, and GDP fell nearly 2% in 2009 but has recovered since then, albeit slowly, with 2014 growth less than 2%. Unemployment, poverty, and inequality - among the highest in the world - remain a challenge. Official unemployment is roughly 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. Load shedding and resulting rolling blackouts gripped many parts of South Africa in late 2014 because of electricity supply constraints that resulted from technical problems at some generation units, unavoidable planned maintenance, and an accident at a power station in Mpumalanga province. The rolling black outs were the worst the country faced since 2008. Construction delays at two additional plants, however, mean South Africa will continue to operate 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 faces structural constraints that also limit economic growth, such as skills shortages, declining global competitiveness and frequent work stoppages. 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.
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Source
: CIA |
TSHIPI E NTLE MAGANESE MINING (PTY) LTD
First
Floor
Gleaneagles
Building
Fairway
Office Park
52
Grosvenor Road
BRYANSTON
TELEPHONE NUMBER: +27 11 706 9004
On investigation contact was made with the respondent at the subject who
declined to assist telephonically and requested that an emailed questionnaire
be forwarded. This was duly sent. The respondent was also reluctant to assist
the investigator with company details unless the name of the inquirer was
divulged. If you are in a position to divulge the name of the supplier, please
revert back as soonest so that further investigation may be instituted.
Nevertheless, please see statutory information obtained from CIPC below:
TSHIPI
E NTLE MAGANESE MINING (PTY) LTD
Formerly: NEWSHELF 955 (PTY) LTD, the name
having been changed on 14 May 2009.
PHYSICAL ADDRESS: 21 Central Street
HOUGHTON
2198
POSTAL ADDRESS: P O Box 652286
BENMORE
2010
SAKUMZI JUSTICE
MACOZOMA
ID No.
5705125759083
Residential
Address: 16 Kafue Road, Emmerentia, 2195
Postal Address: P
O Box 201, Melrose Arch, 2076
Date Appointed:
2009-03-31
PETER IVAN TOTH
D.O.B. 690610
Residential
Address: 31 Orange Grove Rd, #04-05 Singapore
Postal Address: 80
Narine Parade, #08-08 Singapore
Date Appointed:
2010-10-27
continued
PRIYANK THAPLIYAL
D.O.B. 710702
Residential
Address: 8 Elfindale Road, London, SE24 9NW, United
Kingdom
Postal Address: 54
Jermyn Street, London, SW1Y, 6LX, United Kingdom
Date Appointed:
2009-03-31
FINN BEHNKEN
ID No.
7202065165081
Residential
Address: 14 Gladiolus Avenue, Vredehoek, 8001
Postal Address: P
O Box 12160, Die Boord, Western Cape, 7500
Date Appointed:
2009-03-31
BRIAN PATRICK
GILBERTSON
D.O.B. 430815
Residential
Address: Apartment 3, 3A Palace Green, London, 18 4 TR,
United Kingdom
Postal Address: 54
Jeremy Street, London, W1Y 6XL, United Kingdom
Date Appointed: 2009-03-31
JOHANNES GUMEDE
ID No.
6401215576087
Residential
Address: 8 Cedar Crescent, Greenhills, Randontein, 1759
Postal Address:
Private Bag 2002, Krugersdorp, 1743
Date Appointed:
2009-09-18
MOSES MODIDIMA NGOASHENG
ID No.
5705105746084
Residential Address:
266 Papenfus Drive, Beaulieu, Kyalami, 1684
Postal Address: P
O Box 652286, Benmore, 1684
Date Appointed:
2008-07-15
7 February
2008
Registration
Certificate Number: 2008/003117/07
4340255050
9500087169
KPMG INC
FEBRUARY
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.39 |
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|
1 |
Rs.91.06 |
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Euro |
1 |
Rs.66.16 |
INFORMATION DETAILS
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Analysis Done by
: |
SUB |
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Report Prepared
by : |
ASH |
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 |
-- |
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.