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Report No. : |
326702 |
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Report Date : |
18.06.2015 |
IDENTIFICATION DETAILS
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Name : |
AM RECRUITMENT SERVICES (PTY) LTD. |
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Registered Office : |
Apex House, Office Number A6, Sheffield Road, Industrial Site, H100 Mbabane |
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Country : |
Swaziland |
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Date of Incorporation : |
Not Available |
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Legal Form : |
Private Company |
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Line of Business : |
Personnel Consulting |
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No. of Employees : |
Not Available |
RATING & COMMENTS
|
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
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Swaziland |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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 |
SWAZILAND - ECONOMIC
OVERVIEW
Surrounded by South Africa, aside from a short border with Mozambique,
Swaziland depends heavily on South Africa from which it receives more than 90%
of its imports and to which it sends 60% of its exports. Swaziland's currency
is pegged to the South African rand, effectively subsuming Swaziland's monetary
policy to South Africa. The government is heavily dependent on customs duties
from the Southern African Customs Union (SACU), and worker remittances from
South Africa supplement domestically earned income. Swaziland’s GDP per capita
makes it a lower middle income country but its income distribution is highly
skewed, with an estimated 20% of the population controlling 80% of the nation’s
wealth. Subsistence agriculture employs approximately 70% of the population.
The manufacturing sector diversified in the 1980’s and 1990’s, but
manufacturing has grown little in the last decade. Sugar and wood pulp had been
major foreign exchange earners; however, the wood pulp producer closed in
January 2010, and sugar is now the main export earner. Mining has declined in
importance in recent years. Coal, gold, diamond, and quarry stone mines are
small-scale and the only iron ore mine closed in 2014. With an estimated 40%
unemployment rate, Swaziland's need to increase the number and size of small
and medium enterprises and attract foreign direct investment is acute.
Overgrazing, soil depletion, drought, and floods persist as problems for the
future. On 1 January 2015, Swaziland lost its eligibility for benefits under
the African Growth and Opportunity Act (AGOA), threatening the remaining 12,000
jobs in the textile and apparel sector; approximately 3,000 jobs have been lost
since the 2014 announcement of the loss of AGOA. As of 2013 more than
one-quarter of the adult population was infected by HIV/AIDS; Swaziland has the
world’s highest HIV prevalence rate.
|
Source
: CIA |
AM
RECRUITMENT SERVICES (PTY) LTD.
With regard
to your request on:
Country Swaziland
[ SZ ]
Company Reg
Company Name Am
Recruitment Services Pty Ltd
Address Shop
#A6, Apex House, Industrial Sites, Sheffield Mbabane
Comments
about your request:
We could not find a telephone number or fax
number for subject matter.
The numbers we found (+268 24047627 and, as
fax, +268 24050757) are both out of service.
Via the cell phone number we could not reach
anybody.
There is no VAT number listed under the name
of Am Recruitment Services Pty Ltd.
In case you dispose over contact details,
then kindly advise.
Main Address: Apex
House, Office Number A6, Sheffield Road, Industrial Site
Zip code/City: H100 Mbabane, Swaziland
Telephone: +268
24047627
Fax: +268
24050757
Mobile: +268
76113835
Postal Address: P O Box 2174
Zip code/City: H100 Mbabane,
Swaziland
Web site: http://www.amrecruitmentswz.com/
E-mail: amrecruitment@africaonline.co.sz
WIN Worldbox No.: SZ0000020009
Line of Business: Personnel consulting
Industry Division: Services
Industry-code (NACE): 7810 Activities of employment placement agencies
7820
Temporary employment agency activities
Banks: Unknown
Employees: Unknown
CNPJ: -
Official
Administration:
Director Carol
Ngcobo
Management
Background of dirctor:
Carol Ngcobo
holds a law degree (LLB) from the University of Swaziland, Human Resources
Diploma from Damelin and a Management Development Diploma from Westville
University.
She is Human
Resources Generalist having experience for the past 15 years, gained from the
private and public sector. She has worked for Illovo Sugar and the Municipal
Council of Mbabane where she held senior human resource positions.
Her area of
specialization is Recruitment and Selection, Industrial Relations, Labour Law,
Training and Development. Her passion is in the field of Recruitment and has received
training in targeted selection and interview skills.
She has also
been involved in HR advisory positions and policy/procedure development and is
a member in various bodies/structures that are advocating for capacity building
particular in the area of Human Resources. She has served in the Government
Labour Advisory board, was a member of the Industrial Relations Committee under
Federation of Swaziland Employers and the Chamber of Commerce and the
Directorate of Vocational Training (D. I.V.T.) in Swaziland.
Public
information:
No legal action on record.
Sanctions
List
The company is not listed on the World
Compliance database.
Owners/-s:
Shareholder information is not noted.
Import
and Export:
-
Payment
history:
No payment history is available.
Financial
information:
Private
companies in Swaziland are not required to publish or disclose balance sheets. Balance
sheets are not available from other sources, and the subject interviewed
declined to give any financial information, which the company regards as
strictly confidential.
Exchange
rate:
US$ 1,00
= SZL 12.3593 - Official rate on 15.06.2015
Main
Activities:
The company
is engaged in providing the services of assisting businesses with all their
human resources needs.
Services
including: the recruitment of permanent and/or temporary staff, payroll
processing, advert response handling and the handling of industrial relations.
According
its own statement, the company is the twice winner of the PMR (Performance
Management Review) Gold Arrow Award, recognizing AMRS as the leading recruitment
agency in Swaziland,.
Operations
and branches:
At the
address, Apex House, Office Number A6, Sheffield Road, Industrial Sites,
Mbabane, H100 Swaziland, we find the company’s head office.
Additional
information:
Email : amrecruitment@realnet.co.sz
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.11 |
|
|
1 |
Rs.100.32 |
|
Euro |
1 |
Rs.72.17 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
NIT |
RATING EXPLANATIONS
|
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 |
|
|
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 |
|
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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 |
|
|
<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.