MIRA INFORM REPORT

Report Date :

16.12.2011

Tel. No.:

021 5554193

IDENTIFICATION DETAILS

Name :	DROP GOAL TRADING CC
Registered Office :	84 Clairmontx, Cape Town
Country :	South Africa
Date of Incorporation :	20.06.1996
Com. Reg. No.:	1996/028936/23
Legal Form :	Closed Corporation
Line of Business :	---
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

C

RATING		STATUS	PROPOSED CREDIT LINE
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended

Status :	Deregistered
Payment Behaviour :	----
Litigation :	----

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^th, 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

Assessment

Total Credit Limit Exposure: Total Suretyship: Investigations reveal that the subject was deregistered for annual return non-compliance in April 2010. The subject’s VAT number was also deregistered. We have no basis upon which to recommend any credit dealings as the subject is no longer a legal registered entity with CIPC. Nevertheless, please see information on the subject and its member below

Company Information

Registered Name	DROP GOAL TRADING CC
Trading as/ Division Name
Previous Name
Date of Name Change
Registration Number	1996/028936/23
Registration Date	1996-06-20
Date Commenced Trading	1996-06-20
Age of Business	15 Years6 Months
History of Business
History of Principals
Shareholders/Members/Partners of subject and % holding	100% A J D RABET
Authorised Share Capital
Members Contribution	R100
Status	Deregistration Final Deregistered for annual return non-compliance on 3 April 2010.
Operations Assessment
Industry/ Customers
Export
Major Industry Code / SICC
Definition of Code
Head Office Physical Address	84 Clairmontx CAPE TOWN The investigator was unable to establish who resides at the above mentioned address as it seems to be incomplete.
Head Office Postal Address
Current Tel Number	021 555 4193 The above number is redirected to a fax. A letter to contact the investigator was faxed and to date no reply has been forthcoming. As soon as the respondent replies to the fax request further investigations will be instituted and forwarded. 011 392 6993 011 392 6962 Additional contact numbers were obtained. Both the above mentioned numbers are no longer in existence.
Cell number
Current Fax Number
Current Email Address
Web Site Address

Auditors Information

Company Registered Name	MOOLA AND VAWDA
Trading Name
Registration Number
Physical Address
Postal Address	P O Box 1150 LADYSMITH 3370
Contact Person	Mr. Vawda
Contact Number	036 631 1824
Email
Principals
Judgements Against Subject
Judgements Against Principals
Subject Verified as Client
SAICA number
VAT Number
Tax Number
BEE Status
Financial Year End
Years With Auditors
Website

Contact was made with the auditor, Mr. Vawda, who stated the subject has not been a client for many years. He was unable to assist with any further information regarding the whereabouts of the subject or its member.

Previous Auditors

Company Name	Phone Number	Time with previous auditors
None on record

Tax Information

Vat Number	4630160184
Status	Deregistered
Vat Liable Date	1996-08-01
Tax Number	9378002217
Tax Clearance Expire Date
Financial Year End	February

Black Economic Empowerment

Status
Score
Expire Date
BEE Certificate Available	Yes/No

ISO Status

Type of ISO Grade
ISO Certificate	Yes/No
ISO Certificate Available	Yes/No
Certified by an Accredited Agent	Yes/No

Workman’s compensation

Registered	Yes/No
Compliance Certified	Yes/No

Company Structure

Subsidiaries

Subsidiary Company

Shareholding

Registration Number

Import / Export

Number of Employees

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
1. Cars
2. Light Delivery Vehicles
3. Trailers
4. Busses
5. Trucks
6. Fork Lifts
7. Other

Offices

Head Office Owned/ Rented

Rental Company

Owned by

Value

Bond

Bank

Lease Agreement

Lease Expire Date

Type of Premises

Branches Names

Country

Province

Branches Owned/ Rented

Rental Company

Owned

Value

Bank

Bond

Lease Agreement

Lease Expire Date

Type of Premises

Management Overview

Organisation chart

Company Structure (Ownership)

Note: One level up and all levels down

Trade References

Key deals signed within the past 12 months.

Company

Value

Contact

Trade Reference nr	Supplier	Contact	Surety Value	Notarial Bonds
1
2
3
4
5

Trade References Detail

Nr	Age of Acc	Credit Limit	Max Credit	Terms	Average Purchases	Terms Taken	Comment
1
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

Branch

Bank Account Number

Type of Account

Account Name

Overdraft Facilities

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 Interests for Company

Title Deed No.	None on record	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

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	53

Active Principals

Principal 1 of 1:

Surname	RABET
First Name	ADRIAN
Other Names	JOHN RABET
Marital Status
Date of Birth	1958/12/11
Verified ID Number	No
Current Age	53
Designation	Invalid Code
Status	Active
Appointment Date	None
Physical Address (at time of Appointment)	Fair Oaks St Clement JERSEY CHANNEL ISLAND 0000
Postal Address	PO Box 183 Rouge Bouillion St Helier JERSEY CHANNEL ISLAND 0000
Current Tel Number
Cell number
Current Fax Number
Current Email Address
Shareholding	(if the principal owns shares)

Numerous attempts to obtain a contact number for the member have all proved unsuccessful. It seems the member is a foreigner and does not reside in South Africa.

Adverse Information for ADRIAN JOHN DENIS RABET

Judgement

Number of Judgements

None

Debt Review

Debt review

None

Other

Default data

None

Business Information for ADRIAN JOHN DENIS RABET

Current Business Interests

Company Name	Registration No	Status	Age of Business	Judgements	Liquidation
No additional business interests

Previous Business Interests

Average Age of Previous Business Interests

15 years

Company Name	Registration No	Status	Age of Business	Judgements	Liquidation
LINE OUT TRADING CC	1996/029113/23	Deregistration Final	15 Years 6 Months	0	No
BURWOOD TRADING CC	1998/019915/23	Deregistration Final	13 Years 8 Months	0	No

Deeds Information

Property Interests for ADRIAN JOHN DENIS RABET

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

Criminal Check for ADRIAN JOHN DENIS RABET

Criminal Information (This is on request)

Case Number

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.54.24
UK Pound	1	Rs.83.77
Euro	1	Rs.70.46

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.