MIRA INFORM REPORT

Report Date :

05.03.2011

IDENTIFICATION DETAILS

Name :	GEZE DISTRIBUTION (PTY) LTD
Formerly Known As :	BLUE FALCON 72 TRADING (PTY) LTD
Registered Office :	Dclsa Building, 118 Richards Drive, Halfway House, Midrand, Gauteng
Country :	South Africa
Date of Incorporation :	02.09.2009
Com. Reg. No.:	2009/017106/07
Legal Form :	Private Company
Line of Business :	Manufacturers and developers of doors, windows and safety technology, automatic door systems and providers of ironmongery

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

Maximum Credit Limit :	US$1 000 000
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 – June 30, 2010

Country Name	Previous Rating (01.04.2010)	Current Rating (30.06.2010)
South Africa	A2	A2

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

COMPANY NAME

GEZE DISTRIBUTION (PTY) LTD

PHYSICAL ADDRESS

DCLSA Building, 118 Richards Drive, HALFWAY HOUSE, Midrand, Gauteng

POSTAL ADDRESS

P O Box 7934, MIDRAND, 1685

TELEPHONE NUMBER: 011 315 8286

FAX NUMBER: 011 315 8261

On investigation contact was made with the Financial Manager, TAMMY GOEBEL, who declined to assist with information unless the identity of the enquirer and reasons for the enquiry are known. It would be appreciated if our client could assist with the name of the principle enquirer, in order to finalise our investigations.

Nevertheless, please see statutory information obtained from CIPRO below:

COMPANY NAME

GEZE DISTRIBUTION (PTY) LTD

Formerly BLUE FALCON 72 TRADING (PTY) LTD, the name having been changed on 24 November 2009.

ADDRESSES ON CIPRO

PHYSICAL ADDRESS: Woodhill Office Park, Block 2C, MEYERSDAL 1447

POSTAL ADDRESS

P O Box 5587, MEYERSDAL 1447

DIRECTORS

KEVIN JOEL DIAMOND

ID No. 6107125248085

Residential Address: 30 Beton Brute, 2655 Blandford Road, North Riding

Ext 76, 2162

Postal Address: P O Box 7934, Midrand, 1685

Date Appointed: 1 July 2010

MICHAEL SCHELL

Passport No. 617520480

Residential Address: Grosse Acker 38, 71691, Freiberg, Germany

Postal Address: P O Box 7934, Midrand, 1685

Date Appointed: 17 December 2009

DATE REGISTERED

2 September 2009

Registration Certificate Number: 2009/017106/07

MAJOR OPERATIONS

Manufacturers and developers of doors, windows and safety technology, automatic door systems and providers of ironmongery.

MAJOR CUSTOMERS

Construction industry

AUTHORISED SHARE CAPITAL

R1 000 divided into 1 000 ordinary shares of R1 each

ISSUED SHARE CAPITAL

R100

AUDITORS

VAN WYK COMPTON INC

Business Address: Woodhill Office Park – Block 2c, 53 Philip Engelbrecht Avenue, Meyersdal, 1447

Postal Address: P O Box 5587, Meyersdal, 1447

YEAR END

FEBRUARY

COMMENTS

In view of the lack of in formation on the subject, we are not in a position to recommend credit dealings to an extent of US$1 000 000.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.44.99
UK Pound	1	Rs.73.23
Euro	1	Rs.62.80

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.