|
Report No. : |
308241 |
|
Report Date : |
27.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
NJOLA INVESTMENTS
(PTY) LTD |
|
|
|
|
Registered Office : |
Unit 1 Jet
Industrial Park, Cnr Kelly and Yaldwyn Roads, Jet Park, Boksburg, Gauteng |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
01.10.2013 |
|
|
|
|
Com. Reg. No.: |
2013/180516/07 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
The subject will be importing
replacement parts mainly for commercial trailers, which will then be supplied
to the sister company for distribution throughout South Africa and into
Africa. [We tried to confirm / obtain the detailed activity but the same is
not available from any sources] |
|
|
|
|
No. of Employee : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Yet to commence business activity |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
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) |
|
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 |
NJOLA INVESTMENTS (PTY) LTD
Unit
1 Jet Industrial Park
Cnr
Kelly and Yaldwyn Roads
JET
PARK
Boksburg
Gauteng
POSTAL ADDRESS: P O Box 30547
JET
PARK
1469
TELEPHONE NUMBER: +27 11 397 6092
FAX NUMBER: +27 11 397 6135
100% R S UBEROI
ASSOCIATED TRAILER
COMPONENTS CC
Registration
Certificate Number: 2004/015425/07 which converted from a Close Corporation registered
in 2002.
R S UBEROI Ppt
No. J0507866
STANDARD BANK,
Boksburg Branch. Branch Code: 011842.
Account Number: 332878066. It was stated
that the subject does not require overdraft facilities as credit balances are
maintained at the bank.
1 October 2013
Registration
Certificate Number: 2013/180516/07
The subject remained
dormant until August 2014, when the director actively commenced setting up the
business. Trading has not commenced as
yet.
The director has been
actively involved in the sister company for a number of years prior to the
subject’s registration.
VAT NUMBER: 4460267778
TAX NUMBER: 9017864241
BEE STATUS: Non-compliant
The subject will be importing
replacement parts mainly for commercial trailers, which will then be supplied
to the sister company for distribution throughout South Africa and into Africa.
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.
ASSOCIATED TRAILER COMPONENTS CC
The sister company.
None
Only
the director. Other staff members are
utilised from the sister company.
None
The premises are
reported to be leased from a third party company.
Full financial
information is not available at this point, as the company is still in the
process of setting up a network of suppliers.
KALMIN DAVID
FEBRUARY
It was stated that the
subject has no insurance brokers at this point, however, KAPARO INSURANCE
BROKERS will be utilised at a later stage.
Not
applicable.
This is a new company that is still in the
process of setting up its operation and supplier network. In view of the infancy of the subject it is
suggested that dealings be on a letter of credit basis and the fact that the
sole shareholder and director is not an SA citizen. We are unable to suggest a
maximum credit at this stage.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.94 |
|
|
1 |
Rs.96.24 |
|
Euro |
1 |
Rs.70.39 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
ASH |
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.