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Report No. : |
340010 |
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Report Date : |
14.09.2015 |
IDENTIFICATION DETAILS
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Name : |
CCW PROPERTY INVESTMENTS (PTY) LTD |
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Registered Office : |
M5 Park, Block B, Unit 3 Ground Floor
Eastman Road (off Upper Camp Road) Maitland Cape Town 7405 |
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Country : |
South Africa |
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Date of Incorporation : |
5.04.1991 |
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Legal Form : |
Private Limited |
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Line of Business : |
Publishers of maps. |
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No. of Employees : |
28 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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Status : |
Recently Commence its Business |
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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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
South Africa |
A2 |
A2 |
|
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. Economic growth has decelerated in recent
years, slowing to just 1.5% in 2014. 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, is building three new power stations and is
installing 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 and early 2015 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 electrical supply problems are resolved.
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
due to strike action. The current government faces growing pressure from urban
constituencies to improve the delivery of basic services to low-income areas
and to increase job growth.
|
Source
: CIA |
COMPANY NAME: CCW
PROPERTY INVESTMENTS (PTY) LTD
TRADING NAME: MAP
STUDIO
PHYSICAL ADDRESS: M5
Park, Block B, Unit 3
Ground
Floor
Eastman
Road (off Upper Camp Road)
MAITLAND
Cape
Town
7405
POSTAL ADDRESS: P
O Box 193
MAITLAND
7404
TELEPHONE NUMBER: +27
21 514 3900
FAX NUMBER: +27
21 510 0493
B D WOTTON
G A LATOUF
S A BLADES
G YEATS
The exact shareholding
was unknown to the respondent.
It was stated that B D
WOTTON was the director at NEW HOLLAND PUBLISHING (SOUTH
AFRICA) (PTY) LTD
None
B D WOTTON ID No. 6505075185084
G A LATOUF ID
No. 6301175040084
S A BLADES ID
No. 6109245078087
G YEATS ID
No. 6306165179081
NED BANK, KZN Inland
Branch. It was stated that the subject
does not require overdraft facilities as credit balances are maintained at the bank.
5 April 1991
Registration
Certificate Number: 1991/001851/07
CCW PROPERTY
INVESTMENTS (PTY) LTD trading as MAP STUDIO was established on 1 July 2014 when
the assets and operations of the MAP STUDIO division of NEW
HOLLAND PUBLISHING (SOUTH AFRICA) (PTY) LTD were taken over and incorporated
into a dormant entity, namely CCW PROPERTY INVESTMENTS (PTY) LTD, which was
used for registration purposes. This entity was registered in 1991 and had
traded for a number of years before becoming dormant. It was re-activated in
July 2014 when it was used to incorporate the assets of MAP STUDIO
4470126121
9080052211
In the process of obtaining a certificate
Publishers of maps.
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.
Book stores and
distributors
South Africa
Worldwide
28
The subject has a
branch in Johannesburg
The premises are
reported to be leased
The following estimated
financial situation was submitted as at 11 September 2015:
STOCK R 6 000 000
DEBTORS R
2 500 000
CREDITORS R
800 000
TURNOVER per annum R25 000 000
MITCHELLS
FEBRUARY
BROKOOP INSURANCE
BROKERS
ACCOUNT HIGHEST AVERAGE TERMS PAYMENT EXPERIENCE
OPENED CREDIT CREDIT PATTERN
1. 1 year R500
000 R150 000 90 days 90 days Very
Good
The supplier has a long standing
relationship with the subject
2. Do not give trade references
3. Awaiting email trade reference
(These descriptions
relate respectively by number to the above current trade transactions):
1. Printing
2. Printing
3. Clearing
agent
This is a new business that took over and
established division of and established company.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.39 |
|
UK Pound |
1 |
Rs.102.59 |
|
Euro |
1 |
Rs.74.90 |
INFORMATION DETAILS
|
Analysis Done by
: |
TRI |
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|
Report Prepared
by : |
TRU |
RATING EXPLANATIONS
|
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 |
-- |
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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.