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Report No. : |
313762 |
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Report Date : |
28.03.2015 |
IDENTIFICATION DETAILS
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Name : |
KAMRO TOBACCO INTERNATIONAL SOUTH AFRICA
CC |
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Registered Office : |
106 Kloof Street, Cape Town, P O Box 12091, Mill Street, 8010 |
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Country : |
South Africa |
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Date of Incorporation : |
24.02.2003 |
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Com. Reg. No.: |
2003/014406/23 |
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Legal Form : |
Close Corporation |
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Line of Business : |
Not Available [We tried to confirm / obtain the detailed activity but the same is
not available from any sources] |
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No. of Employee : |
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 – 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.
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Source
: CIA |
KAMRO TOBACCO INTERNATIONAL SOUTH AFRICA CC
CELL NUMBER: +27 83 501 0920 – Errol Bredenkamp
FAX NUMBER: +27 86 510 1114
On investigation contact
was made with the sole member at the subject, Errol Bredenkamp, who stated that
he is currently out of the country, and unwilling to assist in any way
whatsoever unless the identity of the insured is divulged. It was further stated that in view of the
level of white collar crime worldwide, it would be imprudent and irresponsible
to divulge any confidential information without this information. Should our client be in position to assist
with the required information, please advise soonest so that further
investigations may be instituted. In the
meantime, however, we are unable to recommend credit dealings with the
subject. Nevertheless, please see
statutory information obtained from CIPC below:
PHYSICAL
ADDRESS: 106 KLOOF STREET
CAPE TOWN
8001
POSTAL ADDRESS: P O BOX 12091
MILL STREET
8010
ERROL BREDENKAMP
ID No. 6005225083081
Residential
Address: 66 NORTH ROAD LINDEN
EXT JOHANNESBURG 2194
Postal Address: P O BOX 785052 SANDTON
Interest Held:100%
24 February 2003
Registration Certificate Number: 2003/014406/23
TAX
NUMBER: 9841496145
MKD
CHARTERED ACCOUNTANTS SA
February
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.61 |
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|
1 |
Rs.92.95 |
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Euro |
1 |
Rs.68.15 |
INFORMATION DETAILS
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Analysis Done by
: |
KAR |
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Report Prepared
by : |
ASH |
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.