|
Report No. : |
302300 |
|
Report Date : |
13.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
LANGEFONTEIN
WIND FARMS (PTY)LTD |
|
|
|
|
Registered Office : |
17 Vincent
Road, Vincent, 5247 P O Box 19728, Tecoma, East London, 5214 |
|
|
|
|
Country : |
South
Africa |
|
|
|
|
Date of Incorporation : |
02.05.2006 |
|
|
|
|
Com. Reg. No.: |
M2006/013072/07 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
|
|
|
|
|
No. of Employees : |
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 |
|
Subject Name |
LANGEFONTEIN
WIND FARMS (PTY)LTD |
|
Country |
South Africa |
|
Assessment |
On investigation we were unable to establish contact with
the subject. Please advise if there is additional information for LANGEFONTEIN
WIND FARMS (PTY)LTD or contact information to assist further. Identity
numbers are not provided for the directors as they are not local residents.
We were however able to establish That the CSIR in South Africa is overseeing
a wind farm project in the Langefontein area and messages have been left for
respondent to contact us, however to date no details have been uncovered.
Please see the available information obtained from CIPC on the subject below.
We therefore at present cannot recommend credit dealings. |
|
Registered
Name |
LANGEFONTEIN WIND
FARMS (PTY)LTD |
|
Trading
as/ Division Name |
LANGEFONTEIN
WIND ENERGY FACILITY |
|
Previous
Name |
Unavailable |
|
Date
of Name Change |
|
|
Registration
Number |
M2006/013072/07 |
|
Registration
Date |
2006/05/02 |
|
Date
Commenced Trading |
|
|
Age
of Business |
8
Years 8 Months |
|
History
of Business |
LANGEFONTEIN
WIND FARMS (PTY)LTD is a Subsidiary of Wind World (India) Power Development
Pvt Ltd. |
|
History
of Principals |
There
are 3 active directors within the business. |
|
Shareholders/Members/Partners
of subject and % holding |
Unavailable |
|
Authorised
Share Capital |
R
2500.00 |
|
Issued
Share Capital/Members Contribution |
R1000.00 |
|
Status |
In
Business |
|
Operations
Assessment |
Wind
Energy Facility |
|
Industry/
Customers |
Wind
Energy |
|
Export |
Unknown |
|
Export
Countries |
|
|
Import |
Unknown |
|
Import
Countries |
|
|
Major
Industry Code / SICC |
41114 |
|
Definition
of Code |
GENERATION
OF RENEWABLE ENERGY |
|
Head
Office Physical Address |
17
VINCENT ROAD, VINCENT, 5247 |
|
Head
Office Postal Address |
P
O BOX 19728, TECOMA, EAST LONDON, 5214 |
|
Current
Tel Number |
Unavailable |
|
Cell
Number |
Unavailable |
|
Current
Fax Number |
Unavailable |
|
Current
Email Address |
Unavailable |
|
Web
Site Address |
Unavailable |
|
Comments |
|
|
Company Registered
Name |
Unavailable |
|
Trading Name |
Unavailable |
|
Registration Number |
Unavailable |
|
Physical Address |
Unavailable |
|
Postal Address |
Unavailable |
|
Contact Person |
Unavailable |
|
Contact Number |
|
|
Email |
Unavailable |
|
Principals |
|
|
Judgements Against
Subject |
Unavailable |
|
Judgements Against
Principals |
Unavailable |
|
Subject Verified as
Client |
|
|
Practice Number |
Unavailable |
|
VAT Number |
Unavailable |
|
Tax Number |
Unavailable |
|
BEE Status |
Unavailable |
|
Financial Year End |
Unavailable |
|
No of years in
Business |
Unavailable |
|
Website |
Unavailable |
|
Comment |
|
Previous
Auditors Information - No Information on Record
|
Vat
Number |
Unavailable |
|
Status |
|
|
Vat
Liable Date |
|
|
Tax
Number |
9005472171 |
|
Tax
Clearance Expire Date |
|
|
Financial
Year End |
Unavailable |
|
Comment |
|
|
Black
Economic Empowerment |
|
|
Status |
|
|
Score |
|
|
Expire
Date |
|
|
BEE
Certificate Available |
|
|
Comment |
Unavailable |
|
ISO Status |
|
|
Type
of ISO Grade |
Unavailable |
|
ISO
Certificate |
|
|
ISO
Certificate Available |
|
|
Certified
by an Accredited Agent |
|
|
Comment |
Unavailable |
|
Workman's
compensation |
|
|
Registered |
|
|
Compliance
Certified |
|
|
Comment |
Unavailable |
Subsidiaries
|
Subsidiary
Company |
|
|
Shareholding |
|
|
Registration
Number |
|
|
Import
/ Export |
|
|
Comment |
Unavailable |
|
Employees |
|
|
Number
of Employees |
|
|
1.
Salaried employees |
|
|
2.
Waged employees |
|
|
3.
Permanent employees |
|
|
4.
Casual employees |
|
|
5.
Contracted employees |
|
|
Comment |
Unavailable |
Company
Fleet
|
Offices |
Offices |
|
|
Head
Office Owned/ Rented |
|
|
|
Rental
Company |
|
|
|
Owned
by |
|
|
|
Value |
|
|
|
Bond |
|
|
|
Bank |
|
|
|
Lease
Agreement |
|
|
|
Lease
Expire Date |
|
|
|
Type
of Premises |
|
|
|
Comment |
Unavailable |
|
|
Branch Information |
||
|
Branches Names |
Country |
Province |
|
|
|
|
|
Branch Detail
Information |
||
|
Branches
Owned/ Rented |
|
|
|
Rental
Company |
|
|
|
Owned
by |
|
|
|
Value |
|
|
|
Bond |
|
|
|
Bank |
|
|
|
Lease
Agreement |
|
|
|
Lease
Expire Date |
|
|
|
Type
of Premises |
|
|
|
Comment |
Unavailable |
|
Organisation
Chart
|
Level |
Position |
Name |
Comment |
|
|
|||
|
1 |
DIRECTOR |
GOPAL KRISHNA CHAUDHARI |
|
|
|
|||
|
1 |
DIRECTOR |
AJAY JOGINDERNATH
MEHARA |
|
|
|
|||
|
1 |
DIRECTOR |
YOGESH JOGINDERNATH MEHRA |
|
Company
Structure Information - No Information on Record
Note: One
level up and all levels down
Key deals
signed within the past 12 months.
Trade
References Information - No Information on Record
Judgements -
No information on record
BusinessRescue
- No Information on Record
Default
Listing - No information on record
Notarial Bonds - No information on record
|
Bank |
|
|
Branch |
Unavailable |
|
Brach
Code |
|
|
Bank
Account Number |
Unavailable |
|
Type
of Account |
Unavailable |
|
Account
Name |
Unavailable |
|
Overdraft
Facilities |
Unavailable |
|
Bank
Code |
Unavailable |
|
Bank
Comment |
Unavailable |
Bank Code
History - No Information on Record
Previous
Bank Account Information - No Information on Record
Deeds
Information - No information on record
|
CURRENT
ASSETS |
|
|
Stock |
|
|
Debtors |
|
|
FIXED
ASSETS |
|
|
Plant,
Equipment, Vehicles |
|
|
Property |
|
|
CURRENT
LIABILITIES |
|
|
Creditors |
|
|
Loans/
From? |
|
|
Loan
Details |
Unavailable |
|
LONG
TERM LIABILITIES |
|
|
Morgage
Bonds |
|
|
Previous
Year Turnover |
|
|
Estimated
Current Year Turnover |
|
|
Current
Turnover per month |
|
|
Current
Turnover per annum |
|
|
Comment |
Unavailable |
|
Please note the following: |
|
|
Turnover and assets
less than R 1,000,000.00 |
The
subject falls within the National Credit Act |
|
Turnover and assets
less than R 2,000,000.00 |
The
subject falls within the Consumer Protection Act |
|
Number
of Principals |
3 |
|
Average
Age of Active Principals |
54 |
|
Number
of Inactive Principals |
|
|
Active Principals Active Principal - 1 of 3
GOPAL KRISHNA CHAUDHARI |
|
|
Surname |
CHAUDHARI |
|
First
Name |
GOPAL
KRISHNA |
|
Other
Names |
|
|
Marital
Status |
|
|
ID
Number |
6806180000000 |
|
Verified
ID Number |
No |
|
Current
Age |
46
Years 7 Months |
|
Designation |
INDUSTRIALIST |
|
Status |
Active |
|
Appointment
Date |
2010/06/01 |
|
Physical
Address (at time of Appointment) |
203
MAJORCA, THE ISLAND CLUB, NORTHBANK LANE, CENTURY CITY, 7441 |
|
Postal
Address |
203
MAJORCA, THE ISLAND CLUB, NORTHBANK LANE, CENTURY CITY, 7441 |
|
Current
Tel Number |
|
|
Cell
number |
|
|
Shareholding/Membership |
0.00 |
Business
Information for GOPAL KRISHNA CHAUDHARI Principal Current Business Interests
|
Company
Name |
Registration No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
EIL SOUTH AFRICA
POWER DEVELOPMENT (PTY)LTD |
M2005/034760/07 |
In Business |
10 Years 10 Months |
0 |
No |
|
|
LANGEFONTEIN WIND
FARMS (PTY)LTD |
M2006/013072/07 |
In Business |
9
Years 9 Months |
0 |
No |
|
Principal's
Previous Business Interests - No information on record
Principal's Deeds
Information - No information on record
Active
Principal - 2 of 3 AJAY JOGINDERNATH MEHARA
|
Surname |
MEHARA |
|
First
Name |
AJAY
JOGINDERNATH |
|
Other
Names |
|
|
Marital
Status |
|
|
ID
Number |
5512060000000 |
|
Verified
ID Number |
No |
|
Current
Age |
59
Years 1 Months |
|
Designation |
INDUSTRIALIST |
|
Status |
Active |
|
Appointment
Date |
2006/05/02 |
|
Physical
Address (at time of Appointment) |
301
HARISKRISHNA PRESIDENCY SOCIETY, NS ROAD NO 8 JVPD, INDIA, 0000 |
|
Postal
Address |
P
O BOX 19728, TECOMA, 5214 |
|
Current
Tel Number |
|
|
Cell
number |
|
|
Shareholding/Membership |
0.00 |
Business
Information for AJAY JOGINDERNATH MEHARA Principal Current Business Interests
|
Company
Name |
Registration No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
EIL SOUTH AFRICA
POWER DEVELOPMENT
(PTY)LTD |
M2005/034760/07 |
In Business |
10 Years 10 Months |
0 |
No |
|
|
LANGEFONTEIN WIND
FARMS (PTY)LTD |
M2006/013072/07 |
In Business |
9
Years 9 Months |
0 |
No |
|
Principal's
Previous Business Interests - No information on recordPrincipal's Deeds
Information - No information on record Active Principal - 3 of 3
YOGESH
JOGINDERNATH MEHRA
|
Surname |
MEHRA |
|
First
Name |
YOGESH
JOGINDERNATH |
|
Other
Names |
|
|
Marital
Status |
|
|
ID
Number |
5912010000000 |
|
Verified
ID Number |
No |
|
Current
Age |
55
Years 1 Months |
|
Designation |
INDUSTRIALIST |
|
Status |
Active |
|
Appointment
Date |
2006/05/02 |
|
Physical
Address (at time of Appointment) |
201 HARESKRISHNA PRESIDENCY
SOCIETY, NS RAOD NO 8 JVPD VILLE PARLE WEST, MUMBAI 400 049, 0000 |
|
Postal
Address |
C/O
P O BOX 19728, TECOMA, 5214 |
|
Current
Tel Number |
|
|
Cell
number |
|
|
Shareholding/Membership |
0.00 |
Business Information
for YOGESH JOGINDERNATH MEHRA
Principal Current Business Interests
|
Company
Name |
Registration No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
EIL SOUTH AFRICA
POWER DEVELOPMENT
(PTY)LTD |
M2005/034760/07 |
In Business |
10 Years 10 Months |
0 |
No |
|
|
LANGEFONTEIN WIND
FARMS (PTY)LTD |
M2006/013072/07 |
In Business |
9
Years 9 Months |
0 |
No |
|
Principal's
Previous Business Interests - No information on record
Principal's Deeds
Information - No information on record
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.16 |
|
|
1 |
Rs.94.28 |
|
Euro |
1 |
Rs.73.73 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NIS |
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.