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Report No. : |
323101 |
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Report Date : |
27.05.2015 |
IDENTIFICATION DETAILS
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Name : |
SHIV DIAMONDS CC |
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Registered Office : |
Suite 423, S A Diamond Centre 225, Main
Street, Johannesburg |
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Country : |
South Africa |
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Date of Incorporation : |
17.05.2004 |
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Com. Reg. No.: |
2004/047530/23 |
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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
|
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 |
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|
|
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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) |
|
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 |
SHIV
DIAMONDS CC
Suite
423
S
A Diamond Centre 225
MAIN
STREET
Johannesburg
+27 11 022
7794
On investigation
contact was made with the respondent at the subject who declined to assist with
any information unless the name of the supplier was divulged. In view of this
we are unable to recommend any unsecured credit dealings.
Nevertheless, please see statutory information
obtained from CIPC below:
SHIV
DIAMONDS CC
PHYSICAL ADDRESS: SA Diamond Centre
Suite
422 4th Floor
225
MAIN STREET
Johannesburg
2001
POSTAL ADDRESS: P O Box 1326
LENASIA
1820
PADIPKUMAR
DAHYABHAI PATEL
Ppt No. H7696395
Residential Address: Unit 5 Ridgeway
Heights, 12-13 Bourke Close, Mondeor, 2091
Postal Address: P
O Box 1326, Lenasia, 1820
Date Appointed:
2006-10-24
DAHYABHAI
KESHAVBHAI PATEL
Ppt No. Z1930849
Residential Address: Unit 5 Ridgeway
Heights, 12-13 Bourke Close, Mondeor, 2091
Postal Address: P
O Box 1326, Lenasia, 1820
Date Appointed:
2004-05-17
MEMBERS: continued
MANOJKUMAR
DAHYABHAI PATEL
Ppt No. Z2221734
Residential Address: Unit 5 Ridgeway
Heights, 12-13 Bourke Close, Mondeor, 2091
Postal Address: P
O Box 1326, Lenasia, 1820
Date Appointed:
2012-02-24
MICHAEL STANFERD
KARP
ID No.
4905155068089
Residential Address: 155 Sixth Avenue,
Percelia, Johannesburg, 2192
Postal Address: P
O Box 2585, Johannesburg, 2000
Date Appointed:
2015-05-11
17 May 2004
Registration Certificate Number: 2004/047530/23
4630214817
9314548158
PRIMESH AND ASSOCIATES CC
FEBRUARY
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.85 |
|
|
1 |
Rs.98.38 |
|
Euro |
1 |
Rs.69.64 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
ASH |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.