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Report No. : |
322423 |
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Report Date : |
26.05.2015 |
IDENTIFICATION DETAILS
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Name : |
IMPEX CONSULTANT SERVICES CC |
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Registered Office : |
No 8 Celtis Way Aspen Hills Estate (Off Cliprivier Road) Mulbaton Johannesburg Gauteng, P O Box 1691 Mulbarton 2059 |
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Country : |
South Africa |
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Date of Incorporation : |
1992 |
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Com. Reg. No.: |
1992/022620/23 |
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Legal Form : |
Closed Corporation |
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Line of Business : |
Manufacturing and
supply of formwork and scaffolding. |
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No. of Employee : |
9 |
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
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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 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.
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Source
: CIA |
IMPEX CONSULTANT
SERVICES CC
SCAFFCON INTERNATIONAL
PHYSICAL ADDRESS:
No 8 Celtis Way
Aspen Hills Estate (Off Cliprivier Road)
MULBATON
Johannesburg
Gauteng
POSTAL ADDRESS:
P O Box 1691
MULBARTON
2059
TELEPHONE NUMBER: +27 11 682
2974
FAX NUMBER:
+27 86 503 9700
CELL NUMBER: +27
82 558 3744
T RATTAN ID
No. 5110075110082
The membership percentage was unconfirmed by the respondent at the
subject.
None
Full banking details were not forthcoming from the respondent at the
subject.
1992
Registration Certificate Number: 1992/022620/23
IMPEX CONSULTANT SERVICES CC trading as SCAFFCON INTERNATIONAL was
established in 1992 and commenced operations immediately.
4700143284
9290390849
Level 4 contributor
The subject is involved in the manufacturing and supply of formwork and
scaffolding.
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.
Industry in general
South Africa
Malawi, Uganda, Kenya, Mauritius and Hong Kong
9
None
The premises are reported to be owned.
The following estimated financial situation was submitted as at 21 May
2015:
STOCK R 3 000 000
DEBTORS R 2 500 000
FIXED ASSETS R 1 000 000
PROPERTY R 4 000 000
CREDITORS R 1 800 000
OVERDRAFT Nil
LOANS R 280 000
TURNOVER per annum R 24 000
000
CONVARDIA ASSOCIATES
FEBRUARY
Uninsured
ACCOUNT HIGHEST AVERAGE TERMS PAYMENT EXPERIENCE
OPENED CREDIT CREDIT PATTERN
2012 R400 000 R100 000- 30 days 30
days Excellent
R300
000
2. Unable
to obtain trade reference
3. 15
years Open Declined 90
days 90 days Good
NATURE OF GOODS OR SERVICES SUPPLIED:
(These descriptions relate respectively by
number to the above current trade transactions):
1. Logistics
Steel
This is a very well-established company in
the manufacturing industry. The subject is meeting its obtainable commitments
timeously and is regarded well by its suppliers.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.63.62 |
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1 |
Rs.96.51 |
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Euro |
1 |
Rs.69.93 |
INFORMATION DETAILS
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Analysis Done by
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DIV |
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Report Prepared
by : |
ANK |
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.