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Report No. : |
340090 |
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Report Date : |
18.09.2015 |
IDENTIFICATION DETAILS
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Name : |
SCR CHEMICALS (PTY) LTD |
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Registered Office : |
Unit 35, APD Industrial Park Elsecar Street Kya Sands Northriding |
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Country : |
South Africa |
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Date of Incorporation : |
20.05.1999 |
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Com. Reg. No.: |
1999/010444/07 |
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Legal Form : |
Not Available |
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Line of Business : |
Not Available |
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No. of Employee : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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. 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 |
SCR CHEMICALS (PTY) LTD
Unit 35, Apd Industrial Park
Elsecar Street
KYA SANDS
Northriding
TELEPHONE NUMBER
+27 11 708 1299
On investigation contact was made with the
financial manager who declined to assist with any information unless an email
questionnaire be forwarded. This was duly sent. As soon as further information
is forthcoming the same will be forwarded to our client.
Nevertheless, please see statutory information
obtained from CIPC below:
COMPANY
NAME
SCR CHEMICALS (PTY) LTD
PHYSICAL
ADDRESS: 26 Oaklands Road
Corner The Avenue
ORCHARDS
2192
POSTAL ADDRESS: P O Box 95366
GRANT PARK
` 2051
CLIVE BARKER
ID No: 3812315119185
Residential Address: 3 Pineslopes
Gardens Lonehill 2062
Postal Address: P O Box 440
Paulshof 2062
Date Appointed: 2004-01-01
ANN CRYER
ID No. 4710260054184
Residential Address: 1491 Epping
Road Dainfern 2191
Postal Address: P O Box 3303
Dainfern 2056
Date Appointed: 2006-07-11
20 May 1999
Registration Certificate Number:
1999/010444/07
4330210370
9074297202
CENTNER LEVINE AND COMPANY
February
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.50 |
|
|
1 |
Rs.101.99 |
|
Euro |
1 |
Rs.75.02 |
INFORMATION DETAILS
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Analysis Done by
: |
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 |
|
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 |
|
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.