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Report No. : |
341732 |
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Report Date : |
24.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
SUPA PACKERS FISH PROCESSORS
(PTY) LTD |
|
|
|
|
Registered Office : |
169 Neil Hare Road Atlantis
Industrial Area Cape Town Western Cape |
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|
|
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Country : |
South
Africa |
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|
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Date of Incorporation : |
24.06.2009 |
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|
|
|
Legal Form : |
Private company |
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|
|
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Line of Business : |
Not Available |
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|
|
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No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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 |
|
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. 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: SUPA PACKERS FISH
PROCESSORS (PTY) LTD
PHYSICAL
ADDRESS: 169
Neil Hare Road
ATLANTIS INDUSTRIAL AREA
Cape Town
Western Cape
TELEPHONE NUMBER: +27
21 577 4777
FAX NUMBER: +27
21 577 4777
On
investigation contact was made with Rudolf, the financial manager at the subject,
who declined to assist with information telephonically and requested that an
email questionnaire be forwarded. This
was duly sent and confirmation of receipt obtained. To date, however, no reply has been
received. As soon as further information
is forthcoming the same will be compiled and forwarded to our client.
Nevertheless, please see
statutory information obtained from CIPC below:
COMPANY
NAME: SUPA
PACKERS FISH PROCESSORS (PTY) LTD
ADDRESSES
ON CIPC:
PHYSICAL
ADDRESS: 169
NEIL HARE ROAD
ATLANTIS INDUSTRIAL
ATLANTIS
7349
POSTAL ADDRESS: P
O BOX 1577
DASSENBERG
ATLANTIS
7350
LUIS MIGUEL DE BRITO FIGUEIREDO
ID No. 7102185383087
Residential Address: 2 Klipkers
Street, Welgemoed
Postal Address: P O Box 12109, N1
City, 7463
Date Appointed: 24 June 2009
SERGIO NUNO DE BRITO FIGUEIREDO
ID No. 7308055575088
Residential Address: 2 Klipkers
Street, Welgemoed
Postal Address: P O Box 12109, N1
City, 7463
Date Appointed: 24 June 2009
DIRECTORS: continued
THEODORIS LOUIS NEETHLING
ID No. M0004161
Residential Address: 1 STREET
NORTH 52 MEERSIG WALVIS BAY
NAMIBIA
Postal Address: 1 STREET NORTH 52
MEERSIG WALVIS BAY NAMIBIA
Date Appointed: 13 September 2013
24 June 2009
Registration Certificate Number: 2009/012426/07
4170241204 / 4500202637
9433311140
C2M CHARTERED ACCOUNTANTS
APRIL
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.97 |
|
UK Pound |
1 |
Rs.101.19 |
|
Euro |
1 |
Rs.73.38 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
TRU |
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 |
|
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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.