MIRA INFORM REPORT

Report Date :

16.12.2011

IDENTIFICATION DETAILS

Name :	STEMCOR (SOUTH AFRICA) (PTY) LTD
Registered Office :	The Breas Office Park 193 Bryanston Drive Sandton Gauteng 2060
Country :	South Africa
Date of Incorporation :	13.12.1950
Com. Reg. No.:	M1950/039584/07
Legal Form :	Private Company
Line of Business :	Other Wholesale Trade
No. of Employees :	20

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

Assessment

Total Credit Limit Exposure:

Total Suretyship:

On investigation contact was made with the CEO, Graham Cromme, who reluctant to assist with detailed information even after the name of the principle enquirer was divulge. Although we have no basis upon which to recommend credit dealings, in view of the subject’s affiliation to the Oppenheimer family, it is suggested that credit dealings be secured by the holding company. The lack of detailed information on the subject should be borne in mind.

Nevertheless, please see the following information obtained on STEMCOR (SOUTH AFRICA) (PTY) LTD.

Company Information

Registered Name	STEMCOR (SOUTH AFRICA) (PTY) LTD
Trading as/ Division Name
Previous Name
Date of Name Change
Registration Number	M1950/039584/07
Registration Date	1950-12-13
Date Commenced Trading	The subject was established in 1992.
Age of Business	61 years
History of Business
History of Principals
Shareholdersof subject and % holding	100% STEMCOR HOLDINGS LTD – registered in the UK. The majority shares of the holding company are held by the Oppenheimer family while the balance is held by directors and employees.
Authorised Share Capital
Issued Share Capital/Members Contribution
Status	This Business is Active
Operations Assessment	Steel traders
Industry/ Customers	Various industries from end users to the construction industry
Area of Distribution	South Africa
Export	None
Major Industry Code / SICC	61909 WHOLESALE RETAIL
Definition of Code	Other wholesale trade n.e.c.
Head Office Physical Address	The Breas Office Park 193 Bryanston Drive SANDTON GAUTENG 2060
Head Office Postal Address	PO Box 2833 CRAMERVIEW 2060
Current Tel Number	011 516 6000
Cell number
Current Fax Number	011 516 6008
Current Email Address	joburg @stemcor.com
Web Site Address	www.stemcor.com

Auditors Information

Company Registered Name	BDO SOUTH AFRICA INC
Previous Name	BDO Spencer Steward (Johannesburg) Inc
Registration Number	M1995/002310/21
Physical Address
Postal Address	Private Bag X60500 HOUGHTON 2041
Contact Person	Nigel Griffith
Contact Number	011 488 1803
Email
Principals	43
Judgements Against Subject	1
Judgements Against Principals	None
Subject Verified as Client
Profession Number	905526E
VAT Number	4910148685
Tax Number	9040488844
BEE Status
Financial Year End	December
Years With Auditors	24 years
Website	www.bdo.co.za

Previous Auditors

Company Name	Phone Number	Time with previous auditors
No information on record

Tax Information

Vat Number	4370160436
Status	Active
Vat Liable Date
Tax Number	8491430409
Tax Clearance Expire Date
Financial Year End	December

Black Economic Empowerment

Status

None

ISO Status

Type of ISO Grade

None

Workman’s compensation

Registered	Yes
Compliance Certified	No

Company Structure

Subsidiaries

Subsidiary Company	None
Shareholding
Registration Number
Import / Export

Number of Employees	20
1. Salaried employees	√

Company Fleet	No of vehicles:	Owned/ Leased	Outstanding Balance
Fleet Operations
The Fleet is made up of
1. Cars	2	Owned by STEMCOR (SOUTH AFRICA) (PTY) LTD	Both vehicles are fully paid

Head Office Owned/ Rented	The premises are leased from the FREE STATE MUNICIPAL PENSION FUND
Lease Agreement	5 year lease agreement
Type of Premises	The premises comprise of administration offices

At this stage of the investigation, the respondent declined to assist with further information.

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.

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 on record

Previous Bank Accounts

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

Deeds Information

Property Interestsfor STEMCOR (SOUTH AFRICA) (PTY) LTD

Title Deed No.	Erf/Site No.
Deeds Office	Physical Address
Property Type	Extent / Size
Purchase Date	Purchase price
% Ownership	Bond Holder
Bond Number	Bond Amount

Financial Information

Please see attached the Consolidated Balance Sheet and the Profit and Loss Account for the year ended 31 December 2010.

Financial Estimates

CURRENT ASSETS

Stock

Debtors

FIXED ASSETS

Plant, Equipment, Vehicles

Property

CURRENT LIABILITIES

Creditors

Shareholders Loans

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	6
Average Age of Active Principals	56

Active Principals

Principal 1 of 6: DAVID JOHN PAUL

Surname	PAUL
First Name	DAVID
Other Names	JOHN
Marital Status
Date of Birth	1949/10/04
Verified ID Number	No
Current Age	62
Designation	Director
Status	Active
Appointment Date	2003-07-01
Physical Address (at time of Appointment)	5 Aldermary Road Bromley, Kent BRI3PM 0000
Postal Address	Level 27 City Point 1 Ropemaker LONDON 0000
Current Tel Number
Cell number
Current Fax Number
Current Email Address
Shareholding

Adverse Information for:DAVID JOHN PAUL

Judgement

Number of Judgements

None

Debt Review

Debt review

None

Other

Default data

None

Business Information for:DAVID JOHN PAUL

Current Business Interests

Company Name	Registration No	Status	Age of Business	Judgements	Liquidation
STEMCOR (SOUTH AFRICA ) (PTY) LTD	M1950/039584/07	In Business	61 Years	0	No

Previous Business Interests

Average Age of Previous Business Interests

None

Company Name	Registration No	Status	Age of Business	Judgements	Liquidation
None on record

Deeds Information

Property Interestsfor DAVID JOHN PAUL

Title Deed No.	No information 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:DAVID JOHN PAUL

Criminal Information (This is on request)

Case Number

Principal 2 of 6: DAVID MICHAEL FAKTOR

Surname	FAKTOR
First Name	DAVID
Other Names	MICHAEL
Marital Status
Date of Birth	1960/11/28
Verified ID Number	No
Current Age	51
Designation	Director
Status	Active
Appointment Date	2003-07-01
Physical Address (at time of Appointment)	6 Shawfield Street LONDON SW34BD 0000
Postal Address	Level 27 City Point 1 Ropemaker LONDON 0000
Current Tel Number
Cell number
Current Fax Number
Current Email Address
Shareholding	(if the principal owns shares)

Adverse Information for: DAVID MICHAEL FAKTOR

Judgement

Number of Judgements

None

Debt Review

Debt review

None

Other

Default data

None

Business Information for: DAVID MICHAEL FAKTOR

Current Business Interests

Company Name	Registration No	Status	Age of Business	Judgements	Liquidation
STEMCOR (SOUTH AFRICA ) (PTY) LTD	M1950/039584/07	In Business	61 Years	0	No

Previous Business Interests

Average Age of Previous Business Interests

None

Company Name	Registration No	Status	Age of Business	Judgements	Liquidation
None on record

Deeds Information

Property Interestsfor: DAVID MICHAEL FAKTOR

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:DAVID MICHAEL FAKTOR

Criminal Information (This is on request)

Case Number

Principal 3 of 6: DAVID RALPHOPPENHEIMER

Surname	OPPENHEIMER
First Name	RALPH
Other Names	DAVID
Marital Status
Date of Birth	1941/01/27
Verified ID Number	No
Current Age	70
Designation	Director
Status	Active
Appointment Date	2003-07-01
Physical Address (at time of Appointment)	Beechey Cottage Vale Of Health Hamstead LONDON NW3 1AN 0000
Postal Address	Level 27 City Point 1 Ropemaker LONDON 0000
Current Tel Number
Cell number
Current Fax Number
Current Email Address
Shareholding	(if the principal owns shares)

Adverse Information for:RALPH DAVID OPPENHEIMER

Judgement

Number of Judgements

None

Debt Review

Debt review

None

Other

Default data

None

Business Information for:RALPH DAVID OPPENHEIMER

Current Business Interests

Company Name	Registration No	Status	Age of Business	Judgements	Liquidation
STEMCOR (SOUTH AFRICA ) (PTY) LTD	M1950/039584/07	In Business	61 Years	0	No

Previous Business Interests

Average Age of Previous Business Interests

13

Company Name	Registration No	Status	Age of Business	Judgements	Liquidation
MMF RECYCLING SYSTEM LIMITED	1998/021196/10	Deregistration Final	13 Years 2 Months	0	No

Deeds Information

Property Interestsfor:RALPH DAVID OPPENHEIMER

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:RALPH DAVID OPPENHEIMER

Criminal Information(This is on request)

Case Number

Principal 4of 6: JOLIAN VERDEN

Surname	VERDEN
First Name	JOLIAN
Other Names
Marital Status
Date of Birth	1958/12/27
Verified ID Number	No
Current Age	53
Designation	Director
Status	Active
Appointment Date	2003-07-01
Physical Address (at time of Appointment)	8 Thorloe Close LONDON SW 7 25E 0000
Postal Address	8 Thorloe Close LONDON SW 7 25E 0000
Current Tel Number
Cell number
Current Fax Number
Current Email Address
Shareholding	(if the principal owns shares)

Adverse Information for:JOLIAN VERDEN

Judgement

Number of Judgements

None

Debt Review

Debt review

None

Other

Default data

None

Business Information for: JOLIAN VERDEN

Current Business Interests

Company Name	Registration No	Status	Age of Business	Judgements	Liquidation
STEMCOR (SOUTH AFRICA ) (PTY) LTD	M1950/039584/07	In Business	61 Years	0	No

Previous Business Interests

Average Age of Previous Business Interests

None

Company Name	Registration No	Status	Age of Business	Judgements	Liquidation
None on record

Deeds Information

Property Interestsfor: JOLIAN VERDEN

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:JOLIAN VERDEN

Criminal Information (This is on request)

Case Number

Principal 5of 6: PHILIP MARTIN EDMONDS

Surname	EDMONDS
First Name	PHILIP
Other Names	MARTIN
Marital Status
Date of Birth	1962/08/31
Verified ID Number	No
Current Age	49
Designation	Director
Status	Active
Appointment Date	1997-01-14
Physical Address (at time of Appointment)	Flat 4 Angel Harf 134 Bermonsey WALL EAST 0000
Postal Address	Flat 4 Angel Harf 134 Bermonsey WALL EAST 0000
Current Tel Number
Cell number
Current Fax Number
Current Email Address
Shareholding	(if the principal owns shares)

Adverse Information for: PHILIP MARTIN EDMONDS

Judgement

Number of Judgements

None

Debt Review

Debt review

None

Other

Default data

None

Business Information for: PHILIP MARTIN EDMONDS

Current Business Interests

Company Name	Registration No	Status	Age of Business	Judgements	Liquidation
STEMCOR (SOUTH AFRICA ) (PTY) LTD	M1950/039584/07	In Business	61 Years	0	No

Previous Business Interests

Average Age of Previous Business Interests

None

Company Name	Registration No	Status	Age of Business	Judgements	Liquidation
None on record

Deeds Information

Property Interestsfor:PHILIP MARTIN EDMONDS

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: PHILIP MARTIN EDMONDS

Criminal Information (This is on request)

Case Number

Principal 6 of 6: GRAHAM CROMME

Surname	GRAHAM
First Name	CROMME
Other Names
Marital Status
ID Number	640920511088
Verified ID Number	Yes
Current Age	47
Designation	Director
Status	Active
Appointment Date	1997-01-04
Physical Address (at time of Appointment)	12 Gleneagles Road Craighall JOHANNESBURG Gauteng 2196
Postal Address	12 Gleneagles Road Craighall JOHANNESBURG 2196
Current Tel Number	011 7875237 (h) 011 5166000 (w)
Cell number	083 6522345
Current Fax Number
Current Email Address
Shareholding	(if the principal owns shares)

Adverse Information for: GRAHAM CROMME

Judgement

Number of Judgements

None

Debt Review

Debt review

None

Other

Default data

None

Business Information for: GRAHAM CROMME

Current Business Interests

Company Name		Registration No	Status		Age of Business		Judgements	Liquidation
STEMCOR (SOUTH AFRICA ) (PTY) LTD	M1950/039584/07			In Business		61 Years	0	No

Previous Business Interests

Average Age of Previous Business Interests

5

Company Name	Registration No	Status	Age of Business	Judgements	Liquidation
ROBOR (PTY) LTD	M2006/001412/07	In Business	5 Years 11 Months	0	No

Deeds Information

Property Interestsfor: GRAHAM CROMME

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:GRAHAM CROMME

Criminal Information (This is on request)

Case Number

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.54.23
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.