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Report No. : |
313318 |
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Report Date : |
27.03.2015 |
IDENTIFICATION DETAILS
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Name : |
SUPRA LATEX CAPE
TOWN (PTY) LTD |
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Formerly Known As : |
TEJ INVESTMENTS (PTY) LTD |
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Registered Office : |
5 Kestrel Park, Langclaw Drive, Montague Gardens, Cape Town, Western Cape |
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Country : |
South Africa |
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Date of Incorporation : |
05.07.2006 |
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Com. Reg. No.: |
2006/020950/07 |
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Legal Form : |
Private Company |
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Line of Business : |
Engaged as
Manufacturers, procurement and distributors of surgical and Medical Disposables [NOTE: We tried to confirm / obtain the detailed activity but the same is not available from any sources.] |
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No of Employees : |
23, having decreased from 30 reported in
September 2013. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
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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 |
Note:
(The information contained in this report, other
than statutory data and comment by outside authorities, has been voluntarily
supplied by Officials of the subject):
SUPRA LATEX
CAPE TOWN (PTY) LTD
Formerly: TEJ INVESTMENTS (PTY) LTD, the name having been changed on 13 September 2006.
5 Kestrel Park
Langclaw Drive
Montague Gardens
Cape Town
Western Cape
P O Box 1762
Milnerton
7435
TELEPHONE NUMBER: +27 21 551 7768
FAX NUMBER: +27 21 551 7171
It was stated that these are the operational offices of the subject, however, the administrative offices are situated in Isando, Gauteng, telephone number
+27 11 049 4100.
100% AVACAREHEALTH (PTY) LTD
SUPRA LATEX KWAZULU NATAL (PTY) LTD
(Registration
Certificate Number: 2012/080973/07)
SUPRA
LATEX (PTY) LTD
(Registration
Certificate Number: 2007/027848/07)
· V NAIK ID No. 6208235219188
· P A PAKKIRI ID No. 6505160900082
· P S GREEN ID No. 6601225243087
· V DESAI ID No. 7202020202082
· F NOORDIEN ID No. 8501030110083
STANDARD BANK, Montague Gardens. Account Number: 021166374. The subject has an overdraft facility to an extent of R2 000 000, secured by a cession of debtors. Utilisation of the overdraft is stated to fluctuate.
5 July 2006
Registration Certificate Number: 2006/020950/07
The subject commenced trading in 2006
4880230281
9018283185
Level 2 contributor
Manufacturers,
procurement and distributors of surgical and medical disposables
The subject imports most of its supplies from China, India and Malaysia, as well as dealing with local suppliers.
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.
Private and government hospitals and clinics and
on a small scale to the public in general
South Africa
None
23,
having decreased from 30 reported in September 2013.
The
subject has its administrative offices situated in Isando, Johannesburg.
Both premises are
reported to be leased.
The following
estimated financial situation was submitted as at 25 March 2015:
STOCK R 5 500 000
DEBTORS R16 000 000
CREDITORS R 5 000 000
TURNOVER per annum R60 000 000
KPA LATTUCA +27 11 234 3247
FEBRUARY
ACCOUNT HIGHEST AVERAGE TERMS PAYMENT
EXPERIENCE
OPENED CREDIT CREDIT PATTERN
1. 2007 R250
000 R 50 000 30
days 30 days Good
2. 8 years R150 000 R
50 000- 30 days 30 days Good
R 60 000
3. 1 year R750 000 R300 000 30 days 30 days Slow
ACCOUNT HIGHEST AVERAGE TERMS PAYMENT EXPERIENCE
OPENED CREDIT CREDIT PATTERN
1. 7
years Open R150 000 30
days 30 days Good
2. July
2012 N/A R150 000- C.O.D C.O.D Good
R300
000
3. July
2012 R1 000 000 R500 000 60 days Between Good
Coface 60
& 90 days
4. Against
company policy to divulge trade reference information.
(These
descriptions relate respectively by number to the above current trade transactions):
1. Medical
Tubing
2. Freight
Forwarding
3. Freight
Forwarding
THAMES INSURANCE BROKERS
This is a well-established business meeting its commitments timeously and another well over terms. This account may, however, require disciplining.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.62.67 |
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UK Pound |
1 |
Rs.93.26 |
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Euro |
1 |
Rs.68.85 |
INFORMATION DETAILS
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Analysis Done by
: |
KAR |
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Report Prepared
by : |
MNL |
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 |
-- |
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.