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MIRA INFORM REPORT
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Report No. : |
516026 |
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Report Date : |
28.06.2018 |
IDENTIFICATION DETAILS
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Name : |
J AND SHARP HOLDINGS PTY LTD |
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Registered Office : |
139 Van Dalen Road, Ruimsig Roodepoort Johannesburg Gauteng
1724 |
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Country : |
South Africa |
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Date of Incorporation : |
19.10.2016 |
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Com. Reg. No.: |
2016/453189/07 |
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Legal Form : |
Private Company |
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Line of Business : |
Importer, exporter and supplier of frozen products, such as frozen
fishes, frozen lobster etc., industrial chemicals, industrial scrap, metal
ingots, dry fruits, agro products etc. |
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No. of Employees : |
20-25 Employees |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
B |
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Credit Rating |
Explanation |
Rating Comments |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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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
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Country Name |
Previous Rating (31.12.2017) |
Current Rating (01.04.2018) |
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South Africa |
A2 |
A2 |
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Risk Category |
ECGC Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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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.
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Source
: CIA |
Executive
Summary
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Executive Summary |
Subject was unresponsive;
therefore we are unable to comment on your enquiry. |
COMPANY
INFORMATION
STATUTORY INFORMATION
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Registered Name |
J AND SHARP HOLDINGS |
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Registration Number |
2016/453189/07 |
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Type Of Company |
Private Company |
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Registered Date |
19/10/2016 |
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Date Commenced Trading |
19/10/2016 |
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Commercial Status |
In Business |
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Financial Year End |
February |
CONTACT
DETAILS
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Contact Number |
+2 71 127 4410 |
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Fax Number |
+27 86 498 8165 |
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Website |
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Social Media Presence |
The subject does not
have a social media presence. |
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Registered Physical Address |
139 Van Dalen Road Ruimsig Roodepoort Johannesburg Gauteng South Africa 1724 |
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Postal Address |
139 Van Dalen Road Ruimsig Roodepoort Johannesburg Gauteng South Africa 1724 |
GENERAL
COMMENTS
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Comments |
We
were unable to confirm 139 Van Dalen Road. We were unable to establish contact
with the subject as the number (+2711274410, +27784464618) constantly rings
unanswered. We were unable to trace the subject via Telkom or other open
source sites. |
TAX
INFORMATION
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TAX INFORMATION |
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Income Tax Number |
9032953243 |
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VAT INFORMATION |
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VAT Number |
4730277425 |
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Status |
Active |
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Registered Name |
J AND SHARP HOLDINGS PTY
LTD |
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Trading Name |
J AND SHARP HOLDINGS |
PRINCIPAL
INFORMATION
DIRECTOR / MEMBER
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Full Name |
ID No. |
Type |
Status |
DOA |
Active Interests |
Previous Interests |
Judgments |
Fraud Listing |
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Antonio Gabriel
Mathonhane |
13AE64895 |
Director |
Active |
19/10/2016 |
0 |
0 |
0 |
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.
OPERATIONAL
FOOTPRINT
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Operational Footprint
Status |
The subject declined to
provide the information |
GENERAL
COMMENTS
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General Comments |
It was reported that the
subject has approximately 20-25 employees. Further details not made
available. |
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 68.52 |
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1 |
INR 90.60 |
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Euro |
1 |
INR 79.87 |
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ZAR |
1 |
INR 4.96 |
Note:
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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NIY |
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Report Prepared
by : |
NIT |
RATING EXPLANATIONS
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low risk
of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably on
secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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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.