|
|
|
MIRA INFORM REPORT
|
Report No. : |
502179 |
|
Report Date : |
14.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
MUSLIMAAT
TRADING |
|
|
|
|
Registered Office : |
85 Carden Crescent Parlock, Durban South 4037 |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
31.05.2011 |
|
|
|
|
Com. Reg. No.: |
2011/082693/23 |
|
|
|
|
Legal Form : |
Close
Corporation |
|
|
|
|
Line of Business : |
Not Available |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
B |
|
Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
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
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
South Africa |
A2 |
A2 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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.
Economic growth has decelerated in recent years, slowing to an estimated 0.7% in 2017. Unemployment, poverty, and inequality - among the highest in the world - remain a challenge. Official unemployment is roughly 27% of the workforce, and runs significantly higher among black youth. 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. 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 but has been plagued with accusations of mismanagement and corruption and faces an increasingly high debt burden.
South Africa's economic policy has focused on controlling inflation while empowering a broader economic base; 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 government faces growing pressure from urban constituencies to improve the delivery of basic services to low-income areas, to increase job growth, and to provide university level-education at affordable prices. Political infighting among South Africa’s ruling party and the volatility of the rand risks economic growth. International investors are concerned about the country’s long-term economic stability; in late 2016, most major international credit ratings agencies downgraded South Africa’s international debt to junk bond status.
|
Source
: CIA |
Executive
Summary
|
The
subject was uncooperative, therefore we are unable to comment on the enquiry. |
COMPANY
INFORMATION
STATUTORY INFORMATION
|
Registered
Name |
MUSLIMAAT
TRADING |
|
Registration
Number |
2011/082693/23 |
|
Type
Of Company |
Close
Corporation |
|
Registered
Date |
31/05/2011 |
|
Commercial
Status |
In
Business |
CONTACT DETAILS
|
Contact
Number |
+27
31 577 6484 |
|
Registered
Physical Address |
85 CARDEN CRESCENT PARLOCK DURBAN South
Africa 4037 |
|
Postal
Address |
85 Carden Crescent PARLOCK Kwa-Zulu Natal South
Africa 4037 |
GENERAL COMMENTS
|
Comments |
The
respondent declined to provide any information without details of the
enquirer. Any information contained in this report was obtained from outside
sources and public information and is thus unconfirmed by the subject. |
TAX
INFORMATION
VAT INFORMATION
|
VAT
Status |
The
subject is registered for VAT (VAT number/s made available) |
|
VAT
Number |
4580262691 |
|
Status |
Active |
OFFICERS
AND PROFESSIONAL SERVICES
LIST OF OFFICERS AND
PROFESSIONAL SERVICES
|
Type |
Name |
Contact Name |
Contact Number |
|
Auditor |
LSG
INTEGRATED |
|
|
PRINCIPAL
INFORMATION
Director / Member
|
Full Name |
ID No. |
Type |
Status |
DOA |
Active Interests |
Previous Interests |
Judgments |
Fraud Listing |
|
MAHOMED
PATEL |
7904235189087 |
Member |
Active |
31/05/2011 |
1 |
0 |
0 |
0 |
ACTIVE BUSINESS INTERESTS: MAHOMED PATEL
|
Company
Name |
Registration No. |
Business Status |
Principal Status |
Principal Type |
Judgments |
|
PEBBLE POINT INVESTMENTS |
2017/079398/07 |
In
Business |
Active |
Director |
0 |
Management
No
principals found for this principal type.
Officer
No
principals found for this principal type.
Other
No
principals found for this principal type.
COURT
NOTICES
No
judgments on file in the name of the subject
No
liquidation applications on file in the name of the subject
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 65.22 |
|
|
1 |
INR 92.77 |
|
Euro |
1 |
INR 80.34 |
|
ZAR |
1 |
INR 5.40 |
Note:
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
NIT |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.