MIRA INFORM REPORT

Report Date :

22.12.2011

IDENTIFICATION DETAILS

Name :	CLARIANT SOUTHERN AFRICA (PTY) LTD
Registered Office :	1^st Floor Parkview House Contantia Park 14thAvenue and HendrikPotgieter Roads Weltevreden Park Roodepoort 1709
Country :	South Africa
Date of Incorporation :	22.06.1995
Com. Reg. No.:	M1995/005692/07
Legal Form :	Private Company
Line of Business :	The manufacturing and distribution of speciality chemicals including leather, paper, textile chemicals, pigments, additives and functional chemicals.
No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ca

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 – 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:

It was established that the Financial Manager, RajenKannigan, who is the only person able to assist with information is currently on leave and will only be back on 3 January 2012.

Further investigations will then be instituted in the new year and forwarded.

Company Information

Registered Name	CLARIANT SOUTHERN AFRICA (PTY) LTD
Trading as/ Division Name
Previous Name
Date of Name Change
Registration Number	M1995/005692/07
Registration Date	1995-06-22
Date Commenced Trading
Age of Business	16 Years 6 Months
History of Business
History of Principals
Shareholders of subject and % holding	100% CLARIANT SERVICES SCHWEIZ AG – registered in Switzerland
Authorised Share Capital
Issued Share Capital/Members Contribution
Status	This Business is Active
Operations Assessment	The manufacturing and distribution of speciality chemicals including leather, paper, textile chemicals, pigments, additives and functional chemicals.
Industry/ Customers
Export
Major Industry Code / SICC	33410 MANUFACTURING
Definition of Code	Manufacture of basic chemicals, except fertilizers & nitrogen compounds
Head Office Physical Address	1^st Floor Parkview House Contantia Park 14thAvenue and HendrikPotgieter Roads Weltevreden Park ROODEPOORT 1709
Head Office Postal Address	PO Box 5955 WELTEVREDEN PARK 1715
Current Tel Number	011 471 7220 / 792 4970
Cell number
Current Fax Number	011 47 9340
Current Email Address
Web Site Address

Auditors Information

Company Registered Name	KPMG INC
Trading Name
Registration Number
Physical Address
Postal Address	P O Box 1662 PORT ELIZABETH 6000
Profession Number	922234E

Previous Auditors

Company Name	Time with previous auditors
PRICEWATERHOUSECOOPERS INC	13 years

Tax Information

Vat Number	4330150204
Status	Active
Vat Liable Date	1995-06-22
Tax Number	9041725202
Tax Clearance Expire Date
Financial Year End	December

Black Economic Empowerment

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

Associated Companies

The group has companies in Germany, Spain, France, Italy, UK, Benelux, Nordic countries, Austria, Russia, Pakistan, China, India, Japan, Indonesia, Australia, New Zealand, South Korea, USA, Canada, Mexico, Brazil, Turkey, Egypt and Morocco.

Trade References

Key deals signed within the past 12 months.

Company	Value	Contact
Unavailable

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

Trade References Detail

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

CITI BANK

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.	T68315/2002	Erf/Site No.
Deeds Office	JOHANNESBURG	Physical Address	41 Van Eck Chamdor KRUGERSDORP
Property Type	Freehold / Ervin	Extent / Size	46593.0H
Purchase Date	2001-12-06	Purchase price	R 2 480 000.00
% Ownership	0.0000	Bond Holder
Bond Number	K30972002S	Bond Amount	R 0.00

Financial Information

Financial Estimates

CURRENT ASSETS	Unavailable
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	3
Average Age of Active Principals	55

Active Principals

Principal 1 of 3

Surname	SCHIESSL
First Name	PETER
Other Names
Marital Status
Date of Birth	1960-03-17
Verified ID Number	No
Current Age	51
Designation	Director
Status	Active
Appointment Date	2009-09-01
Physical Address (at time of Appointment)	LimanSok18 20 Yesilkoy Istanbul TURKEY 0000
Postal Address	TahsinTekoglu Cad No 1 3 34295 Sefakov Istanbul TURKEY 0000
Current Tel Number
Cell number
Current Fax Number
Current Email Address
Shareholding	(if the principal owns shares)

Adverse Information for: PETER SCHIESSL

Judgement

Number of Judgements

None

Debt Review

Debt review

None

Other

Default data

None

Business Information for: PETER SCHIESSL

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

None

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

Deeds Information

Property Interestsfor: PETER SCHIESSL

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

Principal 2 of 3: GLEN POOLE

Surname	POOLE
First Name	GLEN
Other Names
Marital Status
ID Number	5812257287087
Verified ID Number	No
Current Age	53
Designation	HR Manager
Status	Active
Appointment Date	2008-04-01
Physical Address (at time of Appointment)	28 Silyma View Ext 1 JATLEHONG GARDEN 1435
Postal Address	PO Box 5955 WELTEVREDEN PARK 1715
Current Tel Number
Cell number
Current Fax Number
Current Email Address
Shareholding	(if the principal owns shares)

Adverse Information for: GLEN POOLE

Judgement

Number of Judgements

None

Debt Review

Debt review

None

Other

Default data

None

Business Information for: GLEN POOLE

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

None

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

Deeds Information

Property Interestsfor: GLEN POOLE

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

Principal 3 of 3: RODERICK LLOYD

Surname	LLOYD
First Name	RODERICK
Other Names
Marital Status
ID Number	7801155105080
Verified ID Number	Yes
Current Age	63
Designation	Director
Status	Active
Appointment Date	1997-06-27
Physical Address (at time of Appointment)	64 Winston Road KLOOF 3610
Postal Address	PO Box 1762 DURBAN 4001
Current Tel Number	011 4717220
Cell number	082 9020277
Current Fax Number
Current Email Address
Shareholding	(if the principal owns shares)

Adverse Information for:RODERICK LLOYD

Judgement

Number of Judgements

None

Debt Review

Debt review

None

Other

Default data

None

Business Information for: RODERICK LLOYD

Current Business Interests

Company Name	Registration No	Status	Age of Business	Judgements	Liquidation
RODERICK LLOYD AND ASSOCIATE CONSULTANTS CC	1988/018103/23	In Business	23 Years 6 Months	0	No

Previous Business Interests

Average Age of Previous Business Interests

None

Company Name	Registration No	Status	Age of Business	Judgements	Liquidation
PLASTIC PIGMENT SUPPLIERS (PTY) LTD	1973/006933/07	Deregistration Final	38 Years 6 Months	0	No
POLYREM (PTY) LTD	1983/000556/07	Deregistration Final	28 Years Final	0	No

Deeds Information

Property Interestsfor: RODERICK LLOYD

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

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.52.67
UK Pound	1	Rs.82.53
Euro	1	Rs.69.13

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.