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MIRA INFORM REPORT
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Report No. : |
493949 |
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Report Date : |
06.03.2018 |
IDENTIFICATION DETAILS
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Name : |
ESPIGA TRADERS CC |
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Registered Office : |
16 Lillian Road Fordsburg Johannesburg Gauteng 2092 |
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Country : |
South Africa |
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Date of Incorporation : |
14.06.2005 |
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Com. Reg. No.: |
2005/069118/23 |
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Legal Form : |
Close Corporation |
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Line of Business : |
Not Available |
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No. of Employees : |
Not Available |
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 (30.09.2017) |
Current Rating (31.12.2017) |
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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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Subject was unresponsive; therefore we are unable to comment on the
enquiry. |
COMPANY INFORMATION
STATUTORY INFORMATION
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Registered Name |
ESPIGA TRADERS |
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Registration Number |
2005/069118/23 |
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Type Of Company |
Close Corporation |
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Registered Date |
14/06/2005 |
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Date Commenced Trading |
14/06/2005 |
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Commercial Status |
In Business |
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Financial Year End |
February |
CONTACT DETAILS
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Email Address |
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Website |
The subject does not have a website address. |
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Social Media Presence |
The subject does not have any social media presence. |
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Registered Physical Address |
16 LILLIAN ROAD FORDSBURG JOHANNESBURG GAUTENG South Africa 2092 |
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Trading Physical Address |
16 Lillian Road, Fordsburg JOHANNESBURG Gauteng South Africa 2092 |
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Postal Address |
16 Lillian Road, Fordsburg JOHANNESBURG Gauteng South Africa 2092 |
GENERAL COMMENTS
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Comments |
The subject was reluctant in assisting us telephonically with
the required information and requested an emailed questionnaire. This was
duly sent. However, to date there has been no response, despite our having
followed up on numerous occasions. |
TAX INFORMATION
TAX INFORMATION
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Income Tax Number |
9203009163 |
VAT INFORMATION
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VAT Status |
The subject is registered for VAT (VAT number/s made available) |
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VAT Number |
4270225271 |
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Status |
Active |
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Registered Name |
ESPIGA TRADERS CC |
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Trading Name |
ESPIGA TRADERS |
OFFICERS AND PROFESSIONAL SERVICES
LIST OF OFFICERS
AND PROFESSIONAL SERVICES
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Type |
Name |
Contact Name |
Contact Number |
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Auditor |
G S AKOOJEE AND ASSOCIATES |
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Auditor |
A B KHOTA |
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OWNERSHIP STRUCTURE
GENERAL COMMENTS
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General Comments |
Shareholding information not made available |
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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KHALID MAUNG KO KOMYINT |
7405305764189 |
Member |
Active |
14/06/2005 |
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.
BANK ACCOUNT INFORMATION
GENERAL COMMENTS
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General Comments |
Banking details not made available |
OPERATIONAL ACTIVITIES
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Operational Activities Status |
No information could be obtained |
GENERAL COMMENTS
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General Comments |
No information could be obtained |
OPERATIONAL FOOTPRINT
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Operational Footprint Status |
No information could be obtained |
GENERAL COMMENTS
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General Comments |
No information could be obtained |
FINANCING TERMS
GENERAL COMMENTS
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General Comments |
Financing terms not made available |
FINANCIAL FIGURES
GENERAL COMMENTS
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General Comments |
Financial information 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 65.05 |
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1 |
INR 89.70 |
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Euro |
1 |
INR 80.03 |
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ZAR |
1 |
INR 5.53 |
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
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Payment
record
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Litigation
against the subject
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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.