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MIRA INFORM REPORT
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Report No. : |
493156 |
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Report Date : |
20.03.2018 |
IDENTIFICATION DETAILS
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Name : |
PAFORONS TRADING AND PROJECTS |
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Registered Office : |
House No 8 Pin Oak Canal Village Brits, North West, South Africa 0250 |
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Country : |
South Africa |
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Date of Incorporation : |
20.05.2014 |
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Com. Reg. No.: |
2014/099794/07 |
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Legal Form : |
Private Company |
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Line of Business : |
The subject is involved in providing vanilla. |
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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 |
STATUTORY INFORMATION
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Registered Name |
PAFORONS TRADING AND PROJECTS |
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Registration Number |
2014/099794/07 |
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Type Of Company |
Private Company |
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Registered Date |
20/05/2014 |
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Date Commenced Trading |
20/05/2014 |
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Commercial Status |
In Business |
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Financial Year End |
February |
CONTACT DETAILS
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Contact Number |
+27 53 004 0293 |
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Email Address |
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Website |
The subject does not have a website. |
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Social Media Presence |
The subject does not have any social media
presence. |
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Registered Physical Address |
House No 8 Pin Oak Canal Village BRITS North West South Africa 0250 |
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Trading Physical Address |
80 Long Street Albertynshof KIMBERLY Northern Cape South Africa 8301 |
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Postal Address |
House No 8 Pin Oak Canal Village BRITS North West South Africa 0250 |
GENERAL COMMENTS
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Comments |
The subject
declined to provide any information without details of the enquirer. We could not confirm the physical
address provided by the client. Any information
contained in this report was obtained
from outside sources and public
information records and is thus unconfirmed
by the subject. |
TAX
INFORMATION
Income
Tax Number 9027624239
VAT
INFORMATION
VAT
Status Information not made
available
OWNERSHIP
STRUCTURE
GENERAL COMMENTS
General
Comments Shareholding information
was declined.
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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ROLAND TAZINYA NKENGAKA |
7402106371181 |
Director |
Active |
20/05/2014 |
1 |
0 |
1 |
1 |
ACTIVE BUSINESS INTERESTS: ROLAND TAZINYA NKENGAKA
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Company Name |
Registration No. |
Business Status |
Principal Status |
Principal Type |
Judgments |
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LAPLAND SECURITY |
2012/012691/07 |
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.
BANK
ACCOUNT INFORMATION
GENERAL COMMENTS
General
Comments Banking details were
declined
OPERATIONAL
ACTIVITIES
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Operational Activities Status |
The subject declined to provide the information |
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Industry |
Distribution |
MAJOR OPERATION
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Major Business Activities |
The subject is involved in providing vanilla. |
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Foreign Trade Activities |
National |
GENERAL COMMENTS
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General Comments |
No information provided. |
OPERATIONAL
FOOTPRINT
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Operational Footprint Status |
The subject declined to provide the information |
GENERAL COMMENTS
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General Comments |
No information was made available. |
FINANCING
TERMS
GENERAL COMMENTS |
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General Comments |
Financing terms declined |
FINANCIAL
FIGURES
GENERAL COMMENTS |
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General Comments |
Financial information was declined. |
TRADE
REFERENCES
GENERAL COMMENTS |
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General Comments |
No creditor details were made available for trade
reference purposes. |
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 65.04 |
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1 |
INR 90.55 |
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Euro |
1 |
INR 79.77 |
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ZAR |
1 |
INR 5.43 |
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 : |
TPT |
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
·
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.