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Report No. : |
300388 |
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Report Date : |
20.01.2015 |
IDENTIFICATION DETAILS
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Name : |
BATTECH (PTY) LTD |
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Formerly Known As : |
BATTERY TECHNOLOGIES (PTY) LTD |
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Registered Office : |
140 North Reef Road, Elandsfontein 1601, P O Box 228, Sloane Park, 2152 |
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Country : |
South Africa |
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Date of Incorporation : |
29.03.1990 |
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Com. Reg. No.: |
1990/001799/07 |
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Legal Form : |
Private Company |
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Line of Business : |
Not Available (Note: We tried to confirm obtain the details activity but the same is not available from any source.) |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
|
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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
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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 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 |
BATTECH (PTY) LTD
+27 41 401
4000
On investigation
contact was made with the respondent at the subject who declined to assist with
information telephonically and requested that an email questionnaire be
forwarded. This was duly sent. As soon as any information is forthcoming the
same will be compiled and forwarded to our client.
Nevertheless, please see statutory information
obtained from CIPC below:
BATTECH (PTY) LTD
Formerly: BATTERY TECHNOLOGIES (PTY) LTD,
the name having been changed on 17 February 2004.
PHYSICAL ADDRESS: 140 North Reef Road
ELANDSFONTEIN
1601
POSTAL ADDRESS: P O Box 228
SLOANE PARK
2152
GLEN LLEWELLYN GELDENHUIS
ID No. 5604175027089
Residential
Address: 2 Meander Avenue, West
Boardwalk, Pretoria, 0001
Postal Address: P O Box 33987, Glenstantia, 2000
Date Appointed: 2011-10-03
JEAN-LUC CHARLES ARTHUR DUBRULLE
ID No. 58012500000
Residential
Address: 2 Rue Des Fours,
62000, Arras, France, 0000
Postal Address:
2 Rue Des Fours, 62000, Arras, France,
0000
Date Appointed: 2011-10-03
MURRAY DUGMORE LONG
ID No. 6011095004082
Residential
Address: 140 North Reef Road,
Elandsfontein, 1429
Postal Address:
P O Box 918, Fourways, 0261
Date Appointed: 2011-10-03
ERIC PIERRE PASCAL TRUPIN
ID No. 660702000000
Residential
Address: Lowenstrasse 32, 8001
Zurich, Switzerland, 0000
Postal Address: Lowenstrasse 32, 8001 Zurich, Switzerland,
0000
Date Appointed: 2011-10-03
MNWANA REMINGTON KAMBULE
ID No. 7103245370080
Residential
Address: 2384 Bathagate Street,
Blue Valley Golf Estate, Kosmosdal, 0096
Postal Address: P O Box 117, Blue Valley Golf Estate, 1429
Date Appointed: 2013-01-01
GERY LEON MARIE-JOSEPH BONDUELLE
PPT No. O8AL39224
Residential
Address: 3A Rue Du General, De
Gaulle, 68440, Dietwiller, France, 0000
Postal Address: Hagnaustrasse 27, 4132, Muttenz,
Switzerland, 0000
Date Appointed: 2011-10-03
DULANI DU PISANIE
ID No. 7907190012087
Residential
Address: 104 Silver Woods
Country Estate, Silver Lakes Road, Pretoria, 0001
Postal Address: P O Box 8794, Edenglen, 1429
Date Appointed: 2013-01-01
29 March 1990
Registration Certificate Number: 1990/001799/07
4160116069
9010192806
KPMG INC.
MARCH
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.70 |
|
|
1 |
Rs.93.41 |
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Euro |
1 |
Rs.71.33 |
INFORMATION DETAILS
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Analysis Done by
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DIV |
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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.