MIRA INFORM REPORT

Report Date :

07.12.2011

IDENTIFICATION DETAILS

Name :	PAN MANUFACTURERS (PTY) LTD
Registered Office :	175 Houthammer Road Devland Gauteng
Country :	South Africa
Date of Incorporation :	14.07.2006
Com. Reg. No.:	2006/021763/07
Legal Form :	Private Company
Line of Business :	--
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

B

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

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 – September 30, 2011

Country Name	Previous Rating (30.06.2011)	Current Rating (30.09.2011)
South Africa	A2	A2

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

Summary

Subject Name	PAN MANUFACTURERS (PTY) LTD
Country	SOUTH AFRICA
Requested Credit Limit	US$ 1 500 000
Enquiry Terms	D/A
Account Review	RECCOMMENDED EVERY 6 MONTHS
Subject Contact person	R A REDDIAR
Assessment	Total Credit Limit Exposure: Total Suretyship: On investigation it was established that the subject is closing this week until January 2012. The director is not available therefore an email was sent. Should any further details be forthcoming they will be forwarded. Please however see the basic information below.

Company Information

Registered Name	PAN MANUFACTURERS (PTY) LTD
Trading as/ Division Name
Previous Name
Date of Name Change
Registration Number	2006/021763/07
Registration Date	2006-07-14
Date Commenced Trading
Age of Business	5 years 5 months
History of Business
History of Principals
Shareholders and % holding
Authorised Share Capital	R1000
Issued Share Capital	R100
Status
Operations Assessment
Industry/ Customers
Export
Major Industry Code / SICC
Definition of Code
Head Office Physical Address	175 Houthammer Road DEVLAND Gauteng
Head Office Postal Address	P O Box 33199 JEPPESTOWN 2043
Current Tel Number	011 9331711
Cell number	011 9332014
Current Fax Number
Current Email Address	richard@premier safety.co.za
Web Site Address

Auditors Information

Company Registered Name	ACCOUNTING SERVICES
SAICA number	915153

Previous Auditors

Company Name	Time with previous auditors
ASHWIN DAYA AND ASSOCIATES	2 years
BURN REYNOLDS AND CO	Unknown
M DANAMAN	Unknown

Tax Information

Vat Number	4400230506
Status	Active
Vat Liable Date
Tax Number	9575731154
Tax Clearance Expire Date
Financial Year End	February

Black Economic Empowerment

Status	Yes/No
Score
Expire Date
BEE Certificate Available	Yes/No

ISO Status

Type of ISO Grade	Not available
ISO Certificate
ISO Certificate Available
Certified by an Accredited Agent

Workman’s compensation

Registered	Not available
Compliance Certified	Yes/No

Company Structure

Subsidiaries

Subsidiary Company	Not available
Shareholding
Registration Number
Import / Export

Number of Employees	Not available
1. Salaried employees
2. Waged employees
3. Permanent employees
4. Casual employees
5. Contracted employees

Company Fleet	No of vehicles:	Owned/ Leased	Value	Outstanding Balance
Fleet Operations
The Fleet is made up of	Not available
1. Cars
2. Light Delivery Vehicles
3. Trailers
4. Busses
5. Trucks
6. Fork Lifts
7. Other

Offices	Not available
Head Office Owned/ Rented
Rental Company
Owned by
Value
Bond
Bank
Lease Agreement
Lease Expire Date
Type of Premises

Trade References

Key deals signed within the past 12 months.

Company	Value	Contact
Not available

Trade Reference nr	Supplier	Contact	Surety Value	Notarial Bonds
1	Not avaialble
2
3
4
5

Trade References Detail

Nr	Age of Acc	Credit Limit	Max Credit	Terms	Average Purchases	Terms Taken	Comment
1	Not avaialble
2
3
4

Adverse Information on Subject

Judgements

Judgements	None
Possible Judgements	None
Civil Court	None
RDs	None

Business Rescue

Date registered	Business rescue practitioner	Contact Information	Details
None

Default Listings

Date	Details
None

Notarial Bonds

Date	Details
None

Bank Information

Bank	Not avaialble
Branch
Bank Account Number
Type of Account
Account Name
Overdraft Facilities	Yes/No
Date Opened
Bank Code
Bank Comment

Bank Codes History

Date requested	Bank Code	Enquiry Amount	Number of RD’s	RD amount	RD Date	Bank Comments	Years with bank
None

Previous Bank Accounts

Banker	Branch Code	Account Holder	Account number	Date opened	Years with bank
None

Deeds Information

Property Interestsfor Company

Title Deed No.	None	Erf/Site No.
Deeds Office		Physical Address
Property Type		Extent / Size
Purchase Date		Purchase price
% Ownership		Bond Holder
Bond Number		Bond Amount

Financial Information

Financial Estimates

CURRENT ASSETS	Not available
Stock
Debtors
FIXED ASSETS
Plant, Equipment, Vehicles
Property
CURRENT LIABILITIES
Creditors
Loans/ From?
LONG TERM LIABILITIES
Morgage Bonds
Previous Year Turnover
Estimated Current Year Turnover
Current Turnover per month
Current Turnover per annum

Please note the following:

Turnover and assets less than R 1,000,000.00	The subject falls within the National Credit Act
Turnover and assets less than R 2,000,000.00	The subject falls within the Consumer Protection Act

Principals

Number of Principals	1
Average Age of Active Principals	68

Active Principals

Principal 1 of 1: RICHARD REDDIAR

Surname	REDDIAR
First Name	RICHARD
Other Names	A
Marital Status
ID Number	4303295054088
Verified ID Number	Yes
Current Age	68
Designation	Director
Status	Active
Appointment Date	2007-08-01
Physical Address (at time of Appointment)	232 Canford Street MONDEOR 2091
Postal Address	232 Canford Street MONDEOR 2091
Current Tel Number	011 4334712/ 4769520
Cell number	082 7055575
Current Fax Number	0119332014
Current Email Address	richard@premiersafety.co.za
Shareholding

Adverse Information for RICHARD REDDIAR

Judgement

Number of Judgements

None

Debt Review

Debt review

None

Other

Default data

None

Business Information for RICHARD REDDIAR

Current Business Interests

Company Name	Registration No	Status	Age of Business	Judgements	Liquidation
PREMIER SAFETY FOOTWEAR MANUFACTURERS (PTY) LTD	2006/021763/07	In Business	18 years 6 months	0	No

Previous Business Interests

Average Age of Previous Business Interests

9 years

Company Name	Registration No	Status	Age of Business	Judgements	Liquidation
MITCHELL DEAN FOOTWEAR CC	1995/054316/23	Deregistration Final	16 years	0	No
EXTRA DIMENSIONS 1055 CC	2001/026876/23	Deregistration Final	10 years 7 months	0	No
MITCHELL DEAN CLASSIC CC	2001/048828/23	Deregistration Final	10 years 5 months	0	No
SAMBANE INVESTMENTS NO 6 CC	2003/102546/23	Deregistration Final	8 years 1 month	1	No
R R SAFETY FOOTWEAR CC	2004/001060/23	In Business	7 years 11 months	0	No
APTER TRAIDNG CC	2004/087017/23	Deregistration Final	7 years 4 months	0	No
REDDIAR TRADING CC	2006/113357/23	Deregistration Final	5 years 5 months	0	No
RAG BOYZ CC	2007/086566/23	Deregistration process	4 years 7 months	0	No
BABELEGI WORKWEAR AND INDUSTRIAL SUPPLIES CC	B1998/014474/23	In Business	13 years 9 months	0	No

Deeds Information

Property Interestsfor RICHARD REDDIAR

Title Deed No.	T22451/2007	Erf/Site No.
Deeds Office	JOHANNESBURG	Physical Address	232 CANFORD MONDEOR JOHANESBURG SOUTH
Property Type	Freehold/ Ervin	Extent / Size	1104.0SQM
Purchase Date	2006-12-07	Purchase price	R1 100 000.00
% Ownership	0.0000	Bond Holder
Bond Number		Bond Amount	R0.00

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.51.39
UK Pound	1	Rs.80.20
Euro	1	Rs.68.92

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
--	NB	New Business	--

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.