MIRA INFORM REPORT

Report Date :

12.04.2011

IDENTIFICATION DETAILS

Name :	JUMANS INTERNATIONAL (PTY) LTD

Formerly Known As :	PURPLE RAIN PROPERTIES NO 514 (PTY) LTD

Registered Office :	485, 3^rd Road, Montana, Pretoria, Gauteng

Country :	South Africa

Date of Incorporation :	22.11.2005

Com. Reg. No.:	2005/041066/07

Legal Form :	Private Company

Line of Business :	The importing and exporting of minerals such as gold, copper, diamonds, cobalt etc.

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
11-25	Ca	Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity	Limited with full security

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 – December 31, 2010

Country Name

Previous Rating

(30.09.2010)

Current Rating

(31.12.2010)

South Africa

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

Note:

On investigation contact was made with the shareholder, J W NSANZYA, who was reluctant to assist the investigator with information on the subject. Nevertheless, the following information was obtained:

(The information contained in this report, other than comment by outside authorities, has been voluntarily supplied by Officials of the subject):

COMPANY NAME

JUMANS INTERNATIONAL (PTY) LTD

Formerly PURPLE RAIN PROPERTIES NO 514 (PTY) LTD, the name having been changed on 12 December 2005.

PHYSICAL ADDRESS

485, 3^rd Road

Montana

Pretoria

Gauteng

POSTAL ADDRESS

As above

Telephone Number: 012 751 7042

Cellular Number: 079 1078 401

It was stated that the subject moved in 2009 from the premises 214 Main Road, Somerset West, Western Cape.

SHAREHOLDERS

100% J M NSANZYA

ASSOCIATE COMPANIES

None

DIRECTORS

J M NSANZYA ID No. 7601245858087

BANKERS

The respondent stated that the subject banks with various bankers such as STANDARD CHARTERED BANK, CREDIT SWISS and BARCLAYS. It was, however, stated that the subject’s main bankers are ABSA BANK.

Further information regarding banking facilities was not forthcoming from the respondent.

DATE REGISTERED

22 November 2005

Registration Certificate Number: 2005/041066/07

The subject commenced active operations in 2006.

It was stated that prior to commencing the subject, J M NSANZYA was a consultant of JUMANS HOLDINGS in Switzerland for 10 years.

According to the CIPRO the subject was deregistered on 16 July 2010 for annual return non compliance.

It should be noted that when a company is deregistered in South Africa, the shareholders and directors become personally liable for all the outstanding liabilities and the assets of the company ostensibly become the property of the state. CIPRO is currently enforcing the submission of annual returns and has placed many companies into the deregistration process.

VAT NUMBER

The investigator was unable to verify whether the subject is registered for VAT at the South African Revenue Services.

MAJOR OPERATIOn

The importing and exporting of minerals such as gold, copper, diamonds, cobalt etc.

MAJOR SUPPLIERS

The subject imports from Africa from such countries as Ghana, Democratic Republic of Congo, Angola, Tanzania and Zambia and that they utilise various shipping and forwarding agents, the identity of which were not divulged.

It was stated that the subject does not carry any stock as the products are forwarded directly from the supplier to the client. It would therefore appear that the shippers are employed by the clients and that the subject operates purely on a commission basis.

MAJOR CUSTOMERS OR BUSINESS SECTORS

Refineries and trading houses

AREA OF DISTRIBUTION AND SELLING

South Africa

EXPORTS

Europe and Hong Kong

TOTAL EMPLOYEES

7 permanent employees

OTHER PREMISES

None

OWNED OR LEASED

The heading premises are reported to be leased.

AUTHORISED SHARE CAPITAL

R1 000 divided into 1 000 ordinary shares of R1 each

ISSUED SHARE CAPITAL

R100

Full financial information was not forthcoming from respondents at the subject and outside authorities were unable to assist in this regard.

AUDITORS

The respondent stated that the subject is in the process of changing auditors.

YEAR END

FEBRUARY

INSURANCE BROKERS

The respondent stated that they utilise various insurance brokers, the names of which were not forthcoming from the shareholder.

UNDERWRITERS

ZURICH

TRADE REFERENCES

Not applicable

COMMENTS

This is a comparatively established company. In view of the lack of a payment pattern and financial information on the subject, we are not in a position to recommend any credit dealings; especially in the light of the subject being recorded at CIPRO as deregistered. The subject appears to operate on a commission basis only and is therefore not a general credit seeker. It is therefore suggested that all dealings be on a letter of credit basis only.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.44.22
UK Pound	1	Rs.72.26
Euro	1	Rs.63.90

RATING EXPLANATIONS

RATING		STATUS	PROPOSED CREDIT LINE
>86	Aaa	Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums	Unlimited
71-85	Aa	Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums	Large
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small
11-25	Ca	Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity	Limited with full security
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended

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 and their relative weights (as indicated through %) are as follows:

Financial condition (40%) Ownership background (20%) Payment record (10%)

Credit history (10%) Market trend (10%) Operational size (10%)

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.