|
Report No. : |
300544 |
|
Report Date : |
10.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
INGRAM MICRO SOUTHERN AFRICA (PTY) LTD |
|
|
|
|
Formerly Known As : |
BRIGHTPOINT AFRICA (PTY) LTD |
|
|
|
|
Registered Office : |
1 Johann Birkart Road, Spartan 1619, P O Box 2007, Kempton Park, 1620 |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
12.05.1999 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Not Available [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 : |
Moderate |
|
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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
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 |
INGRAM MICRO SOUTHERN AFRICA (PTY) LTD
Johann Brikat Street 1, Kempton Park
+27 11 928 8370
On investigation numerous attempts to contact the
respondent at the subject proved unsuccessful as the extension number rings
continuously without answer. Numerous messages have been left and email
questionnaire was forwarded but to date there is no response. If our client
could provide a direct contact number, please revert back as soon as possible
so that further investigation may be instituted.
Nevertheless, please see statutory information
obtained from CIPC below:
INGRAM MICRO SOUTHERN AFRICA (PTY) LTD
Formerly: BRIGHTPOINT AFRICA (PTY) LTD, the name having been changed on 7 August 2013.
Formerly: ERICSSON ALLIANCE (PTY) LTD, the name having been changed on 30 August 2007.
Formerly: BIPROPS 62 (PTY) LTD, the name having been changed
on 12 September 2000.
PHYSICAL ADDRESS:
1 Johann Birkart Road
SPARTAN
1619
POSTAL ADDRESS:
P O Box 2007
KEMPTON PARK
1620
VINCENT DONARGO
DOB: 60083
Residential Address: 129942 Treaty Line Street Carmel Indiana 46232 USA
Postal Address: 7635 Interactive Way Suite 200 Indianapolis Indiana 46278 USA
Date Appointed: 10 May 2011
DIRECTORS: continued
ANTHONY WILLIAM BOOR
DOB: 620901
Residential Address: 5750 Stonechat Lane Indianapolis Indiana 46237 USA
Postal Address: 2601 Metropolis Parkway Suite 210 Plainfield Indiana 46168 USA
Date Appointed: 10 July 2007
ANURAG GUPTA
DOB: 64113
Residential Address: 10677 Crown Court Carmel Indiana 46032 USA 0000
Postal Address: 7635 Interactive Way Suite 200 Indianapolis Indiana 46278 USA 0000
Date Appointed: 31 December 2009
JOHN ALEXANDER DU PLESSIS CURRIE
DOB: 641212
Residential Address: Villa 24 Palm View Desert Palm Hatta Road Dubai 0000
EMR 16 East Wing Dubai Airport Free Zone 0000
Date Appointed: 10 July 2007
BRUCE COCKBURN
ID No. 6502225029080
Residential Address: 67 Shepard Avenue Bryanston 2021
Postal Address: P O Box 2007 Kempton park Johannesburg 1620
Date Appointed: 31 December 2009
CRAIG MEREDITH CARPENTER
DOB: 681212
Residential Address: Washington Boulevard Indiansapolis Indiana 46205 USA
Postal Address: 7635 Interactive Way Suite 200 Indianapolis Indiana 46278 USA
Date Appointed: 1 March 2011
12 May 1999
Registration Certificate Number: 1999/009646/07
4480191743
4430191579
9505461849
ERNST AND YOUNG
DECEMBER
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.40 |
|
|
1 |
Rs.94.17 |
|
Euro |
1 |
Rs.73.61 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
TPT |
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.