MIRA INFORM REPORT

Report Date :

11.05.2011

IDENTIFICATION DETAILS

Name :	A H KHAN WHOLESALE (PTY) LTD

Formerly Known As :	SYMPHONY INVESTMENTS (PTY) LTD

Registered Office :	111 Pine Roadm Clairwood, Durban, Kwa-Zulu Natal

Country :	South Africa

Date of Incorporation :	06.05.1986

Com. Reg. No.:	1986/00187707

Legal Form :	Private Company

Line of Business :	Wholesale merchants and importers of spices, grains and other dried products.

RATING & COMMENTS

MIRA’s Rating :

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

Status :	Undetermined

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 – December 31, 2010

Country Name

Previous Rating

(30.09.2010)

Current Rating

(31.12.2010)

South Africa

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

Note:

On investigation contact was made with the director, A KHAN, who declined to assist with information telephonically and requested that a standard questionnaire be emailed. This was duly done.

Contact was once again made with the director at a later stage, who confirmed that he received the relevant email and that it will be completed at his earliest convenience. To date no reply has been forthcoming. As soon as any information regarding the subject is obtained, same will be forwarded to our client.

Nevertheless, recorded historical information reads as follows:

(The information contained in this report, other than comment by outside authorities, has been voluntarily supplied by Officials of the subject):

COMPANY NAME

A H KHAN WHOLESALE (PTY) LTD

Formerly SYMPHONY INVESTMENTS (PTY) LTD, the name having been changed on 6 May 1986.

PHYSICAL ADDRESS

111 Pine Road

Clairwood

Durban

Kwa-Zulu Natal

POSTAL ADDRESS

P O BOX 41007

Rossburgh

4072

Telephone Number: 031 465 4119

Fax Number: 031 465 3434

Shareholders

A A KHAN

M A KHAN

ASSOCIATE COMPANIES

None

DIRECTORS

A A KHAN ID No. 6306295141084

M A KHAN ID No. 6705315154086

BANKERS

STANDARD BANK, Durban branch and ABSA BANK, Durban branch.

Further banking information was not forthcoming from respondents at the subject.

DATE REGISTERED

6 May 1986

Registration Certificate Number: 1986/00187707

VAT NUMBER

4910115486

TAX NUMBER

9004091204

MAJOR OPERATION

Wholesale merchants and importers of spices, grains and other dried products.

MAJOR CUSTOMERS OR BUSINESS SECTORS

Retailers and general public

AREA OF DISTRIBUTION AND SELLING

South Africa

EXPORTS

None

AUDITORS

GOBODO INC, Mount Edgecombe

YEAR ENd

FEBRUARY

COMMENTS

The respondent declined to provide any further information unless the identity of the enquirer and reason for the enquiry is known at this point. Should our client wish to divulge the identity of the enquirer, please advise soonest so that further investigations may be carried out. However, at present in view of the absence of detailed information, we are not in a position to recommend credit dealings. Your figure of C$217 455 refers.

NEW COMMENTS:

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.44.73
UK Pound	1	Rs.73.21
Euro	1	Rs.63.90

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.