MIRA INFORM REPORT
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Report No. : |
351448 |
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Report Date : |
07.12.2015 |
IDENTIFICATION DETAILS
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Name : |
CRYSTAL SPRINGS MINERALS CC |
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Registered Office : |
Plot 968 Alhiet
Kakamas 8870 |
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Country : |
South Africa |
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Date of Incorporation : |
Not Available |
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Com. Reg. No.: |
2008/249171/23 |
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Legal Form : |
Close Corporation |
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Line of Business : |
The subject sells variety of rocks and stone-made item, they also ship worldwide via airmail. |
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No. of Employee : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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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 – 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 |
General
comments
In the absence
of updated information, circumstances exist where
we are unable to comment on your enquiry.
COMPANY
INFORMATION
OVERVIEW
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History |
Not
Confirmend |
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Major Operations or
Business Sectors |
The
subject operates as a retailer of variety of rocks and stone-made items. |
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Industry |
Retail |
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SIC Code(s) |
61393(Wholesale
Trade In Precious Tones, Jewellery And Silverware) |
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STATUTORY INFORMATION
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Registered Name |
CRYSTAL
SPRINGS MINERALS CC |
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Registration Number |
2008/249171/23 |
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Type of Company |
Close
Corporation (CC) |
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Commercial Status |
In
Business |
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CONTACT DETAILS 
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Contact
Number |
+27
54 441 0060/ +27 54 463 0047 |
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Social
Media Presence |
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Registered
Physical Address |
Plot
968 Alhiet
Kakamas 8870 |
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Trading
Physical Address |
Plot
968 Alhiet
Kakamas 8870 |
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TAX INFORMATION
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Income
Tax Number |
9327822160 |
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VAT Number |
4120252087 |
INSURANCE
BROKER INFORMATION
Insurance Broker Name Unconfirmed
GENERAL COMMENTS
Comments Unable to get hold
of the subject. Please see overall
comments
OWNERSHIP STRUCTURE
GENERAL
COMMENTS
Comments Unconfirmed
PRINCIPAL
INFORMATION PRINCIPAL DETAILS
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Full Name |
ID No. |
Designation |
Status |
Date of Appoint-
ment |
Active Interests |
Prev. Interests |
Judg- ments |
Fraud Listing |
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JANSE
VAN NIEUWENHUIZEN, JACOBUS STEPHANUS |
7303185161081 |
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Active |
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0 |
0 |
0 |
0 |
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JANSE
VAN NIEUWENHUIZEN, TANIA |
7307220229084 |
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Active |
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0 |
0 |
0 |
0 |
GENERAL COMMENTS
JACO
JANSE VAN NIEWENHUIZEN- OWNER TANIA JANSE VAN NIEWENHUIZEN-OWNER
GENERAL COMMENTS
Comments Unconfirmed
OPERATIONS
MAJOR OPERATIONS
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Major Business Activities |
The
subject sells variety of rocks and stone-made item, they also ship worldwide
via airmail. |
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Major
Suppliers |
Unconfirmed |
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Major
Customers |
Public |
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Major
Brands |
Unconfirmed |
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BRANCH INFORMATION
PREMISES
FINANCING
TERMS
Sales Terms Unknown
GENERAL
COMMENTS
Comments Unconfirmed
FINANCIAL
FIGURES
Actual numbers, 000' or mio Actual Numbers
Comments Unconfirmed
TRADE
REFERENCES
TRADE REFERENCE ANALYTICS
GENERAL COMMENTS
Comments Not
disclosed.
OVERALL
COMMENTS
Comments
We were unable to establish contact with the subject, due to the fact that the telephone numbers provided ring unanswered or go straight to voicemail, without an option to leave a message. There are no further listings available for the subject
Any information contained in this report was obtained from open sources and is thus unconfirmed.
ADMIN
DETAILS
INTERVIEWER
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Researcher |
Inoxico |
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Contact Tel No. |
+27 10 001 0540 |
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Email |
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LEGEND
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.66.84 |
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|
1 |
Rs.101.04 |
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Euro |
1 |
Rs.73.05 |
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ZAR |
1 |
Rs.4.61 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
: |
HEE |
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Report Prepared
by : |
TRU |
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.