MIRA INFORM REPORT

Report No. :	508775
Report Date :	19.05.2018

IDENTIFICATION DETAILS

Name :	EILEENS ELEGANT JEWELLERY (PTY) LTD
Registered Office :	76 Old Mill Way, Durban North, Durban, Kwa-Zulu Natal, South Africa 4051
Country :	South Africa
Date of Incorporation :	29.01.2018
Com. Reg. No.:	2018/038932/07
Legal Form :	Private Company
Line of Business :	Not Available [We tried to confirm / obtain the detailed activity but the same is not available from any sources]
No. of Employees :	Not available

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23^rd January 2017)

MIRA’s Rating :

NB

Credit Rating	Explanation	Rating Comments
NB	New Business	No recommendation can be done due to business in infancy stage

Status :	New Business
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

Subject was unresponsive, therefore we are unable to comment on your enquiry

COMPANY INFORMATION

OVERVIEW

History	EILEENS ELEGANT JEWELLERY (PTY) LTD was registered and commenced trading in January 2018.
STATUTORY INFORMATION
Registered Name	EILEENS ELEGANT JEWELLERY (PTY) LTD
Registration Number	2018/038932/07
Type Of Company	Private Company
Registered Date	29/01/2018
Date Commenced Trading	29/01/2018	!
Commercial Status	In Business
Financial Year End	February
CONTACT DETAILS
Contact Number	+27 84 507 6826
Email Address	Ecramer@worldonline.co.za
Website	The subject does not have a website.
Social Media Presence	The subject does not have a social media presence.
Registered Physical Address	76 Old Mill Way Durban North Durban Kwa-Zulu Natal South Africa 4051
Postal Address	76 Old Mill Way Durban North Durban Kwa-Zulu Natal South Africa 4051
GENERAL COMMENTS
Comments	The respondent Eileen Cramer (Director) 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. Any information contained in this report was obtained from outside sources and public information records and is thus unconfirmed by the subject.	!
TAX INFORMATION
TAX INFORMATION
Income Tax Number	9908606164
VAT INFORMATION
VAT Status	The subject is registered for VAT (VAT number/s not made available)

OWNERSHIP STRUCTURE

GENERAL COMMENTS

General Comments

Ownership structure was declined

PRINCIPAL INFORMATION

Director / Member

Full Name	ID No.	Type	Status	DOA	Active Interests	Previous Interests	Judgments	Fraud Listing
Eileen Mary Cramer	6111110073086	Director	Active	29/01/2018	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

General Comments

Banking details were declined

OPERATIONAL ACTIVITIES

Operational Activities Status	The subject declined to provide the information
GENERAL COMMENTS
General Comments	The subject declined to provide the information.

OPERATIONAL FOOTPRINT

Operational Footprint Status

The subject declined to provide the information

GENERAL COMMENTS

General Comments

The subject declined to provide the information.

FINANCING TERMS

GENERAL COMMENTS

General Comments

Financing terms were declined

FINANCIAL FIGURES

GENERAL COMMENTS

General Comments

Financial figuress were declined

TRADE REFERENCES

GENERAL COMMENTS

General Comments

Supplier details were declined

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 67.96
UK Pound	1	INR 91.88
Euro	1	INR 80.28
ZAR	1	INR 5.32

Note : Above are approximate rates obtained from sources believed to be correct

INFORMATION DETAILS

Analysis Done by :	VAR
Report Prepared by :	SYL

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)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.