MIRA INFORM REPORT

 

 

 

Report No. :

317845.2

Report Date :

06.05.2015

 

IDENTIFICATION DETAILS

 

Name :

JUMESHMOS TRADING (PTY) LTD       

 

 

Registered Office :

504 Campbell Court, Cnr Noord & OR Tambo Street, Klerksdorp, North West, 2571

 

 

Country :

South Africa

 

 

Date of Incorporation :

23.01.2014

 

 

Com. Reg. No.:

2014/015472/07

 

 

Legal Form :

Private Company

 

 

Line of Business :

Not Available

 

(Note: We tried to confirm obtain the details activity but the same is not available from any source.)

 

 

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 – December 31, 2014

 

Country Name

Previous Rating

(30.09.2014)

Current Rating

(31.12.2014)

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 Africa’s largest and among the top 20 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, and GDP fell nearly 2% in 2009 but has recovered since then, albeit slowly, with 2014 growth less than 2%. Unemployment, poverty, and inequality - among the highest in the world - remain a challenge. Official unemployment is roughly 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. Load shedding and resulting rolling blackouts gripped many parts of South Africa in late 2014 because of electricity supply constraints that resulted from technical problems at some generation units, unavoidable planned maintenance, and an accident at a power station in Mpumalanga province. The rolling black outs were the worst the country faced since 2008. Construction delays at two additional plants, however, mean South Africa will continue to operate 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 faces structural constraints that also limit economic growth, such as skills shortages, declining global competitiveness and frequent work stoppages. 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

 

 

COMPANY NAME

 

JUMEHMOS TRADING (PTY) LTD

 

 

PHYSICAL ADDRESS    

 

Cnr Denel North & Atlas Road

BOKSBURG

Johannesburg

 

 

TELEPHONE NUMBER        

 

+27 18 462 0429

 

 

CELL NUMBER              

 

+27 63 171 1782

 

On investigation attempts to contact the subject proved unsuccessful as the numbers provided for the subject do not exist. Attempts to obtain an alternative contact number also proved unsuccessful as there are no other numbers for the subject are listed. If our client could forward us an alternative contact number for the subject, please revert back as soonest so that further investigation may be instituted.

 

Nevertheless, please see statutory information obtained from CIPC below:

 

 

COMPANY NAME

 

JUMESHMOS TRADING (PTY) LTD       

 

                                                

ADDRESSES ON CIPC

 

PHYSICAL ADDRESS:                          504 Campbell Court

                                                                               Cnr Noord & OR Tambo Street

                                                                               KLERKSDORP

                                                                               North West

                                                                               2571

                       

POSTAL ADDRESS:                             504 Campbell Court

                                                                               Cnr Noord & OR Tambo Street

                                                                               KLERKSDORP

                                                                               North West

2571

                                                 

DIRECTORS

 

TSHEPO MESHACK MATHIBELI

ID No. 8103095522086

Residential Address: 504 Campbell Court, Cnr Noord & OR Tambo Street, Klerksdorp, North West, 2571

Postal Address: 504 Campbell Court, Cnr Noord & OR Tambo Street, Klerksdorp, North West, 2571

Date Appointed: 2014-01-23

 

 

DATE REGISTERED

 

23 January 2014

 

Registration Certificate Number: 2014/015472/07

 

 

YEAR END    

 

FEBRUARY

 

 

COMPANY NAME

 

JUMEHMOS TRADING (PTY) LTD

 

 

PHYSICAL ADDRESS

 

Cnr Denel North & Atlas Road

BOKSBURG

Johannesburg

 

 

TELEPHONE NUMBER   

 

+27 18 462 0429

 

 

CELL NUMBER

 

+27 63 171 1782

 

 

With reference to the previous narrative report. Attempts to contact the subject proved unsuccessful as the numbers provided for the subject do not exist. Attempts to obtain an alternative contact number also proved unsuccessful as there are no other numbers for the subject are listed. In view of this we are unable to recommend credit dealings at present.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.63.50

UK Pound

1

Rs.95.96

Euro

1

Rs.70.54

 

INFORMATION DETAILS

 

Analysis Done by :

KAR

 

 

Report Prepared by :

NIT

 

               

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.