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Report No. : |
337260 |
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Report Date : |
24.08.2015 |
IDENTIFICATION DETAILS
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Name : |
JACANA MEDIA (PTY) LTD |
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Formerly Known As : |
TURNOVER TRADING 0013 (PTY) LTD |
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Registered Office : |
10 Orange Street, Sunnyside, Johannesburg,
Gauteng, P O Box 291784, Melville 2109 |
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Country : |
South Africa |
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Date of Incorporation : |
09.02.2004 |
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Com. Reg. No.: |
2004/003162/07 |
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Legal Form : |
Private Company |
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Line of Business : |
The subject is involved in the publishing of
various media about public health, the arts and natural history, |
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No. of Employees : |
±30 |
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 : |
Slow but correct |
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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 – March 31, 2015
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Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
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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. Economic growth has decelerated in recent years, slowing to just 1.5% in 2014. 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, is building three new power stations and is installing 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 and early 2015 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 electrical supply problems are resolved.
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 due to strike action. The current government faces growing pressure from urban constituencies to improve the delivery of basic services to low-income areas and to increase job growth.
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Source
: CIA |
JACANA MEDIA (PTY) LTD
Formerly:
TURNOVER TRADING 0013 (PTY) LTD, the name having been changed on 11 May
2005.
PHYSICAL ADDRESS: 10 Orange Street
SUNNYSIDE
Johannesburg
Gauteng
POSTAL ADDRESS: P O Box 291784
MELVILLE
2109
TELEPHONE NUMBER: +27 11 628 3200
FAX NUMBER: +27
11 482 7280
72% SEBEDI
INVESTMENTS CC (majority)
(Registration
Certificate Number: 2007/146638/23)
14% MS C
A BROOMHALL
4% MS M
E DAVEY
DESERT STAR (PTY) LTD (dormant)
Further details for the associate company was not confirmed.
MS C A BROOMHALL ID No.
6809180074088
M G ROSIN ID
No. 5811155088086
M J A GOLDING ID
No. 6006295138086
W D NEL ID
No. 6410065021086
MS M E DAVEY ID
No. 6506180933087
STANDARD BANK, Johannesburg Corporate Branch.
Further banking information was not forthcoming from respondents at the
subject.
9 February 2004
Registration Certificate Number: 2004/003162/07
JACANA MEDIA (PTY) LTD was registered in 2004, utilising
a shelf entity styled TURNOVER TRADING 0013 (PTY) LTD for registration
purposes. In 2005 the subject changed its name to the current name.
4480223231
9745690140
Unconfirmed
The subject is involved in the publishing of
various media about public health, the arts and natural history,
It was stated that the subject imports most of its
supplies from Europe and also deals with 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.
Libraries
South Africa
USA and UK.
±30
Cape Town
The premises in Johannesburg
are reported to be owned while the premises in Cape Town are leased.
The following estimated financial situation was
submitted as at 20 August 2015:
STOCK ±R 8 500 000
DEBTORS R 4 600 000
CREDITORS R 2 700 000
TURNOVER per annum ±R29 000
000
LUND & KIECK INCORPORATED
MARCH
BARKER INSURANCE BROKERS
ACCOUNT HIGHEST AVERAGE TERMS PAYMENT
EXPERIENCE
OPENED CREDIT CREDIT PATTERN
1. May 2010 Declined Declined 60
days
60 days Very good
2. July 2008 R250 000 R200 000 30 days 30 days Excellent
ACCOUNT HIGHEST AVERAGE TERMS PAYMENT
EXPERIENCE
OPENED CREDIT CREDIT PATTERN
1.
Unable
to obtain trade reference-number goes to an engaged tone.
2. Do not give trade references.
This is an established company meeting its
commitments timeously. The subject is spoken of highly by its suppliers and is
considered equal to €3 000 over 30 days.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.65.83 |
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1 |
Rs.103.39 |
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Euro |
1 |
Rs.74.27 |
INFORMATION DETAILS
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Analysis Done by
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RAS |
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Report Prepared
by : |
NIT |
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.