MIRA INFORM REPORT

Report Date :

18.05.2011

IDENTIFICATION DETAILS

Name :	DÉCOR CITY HARDWARE CC
Registered Office :	125 Louis Botha Avenue, Fellside, Johannesburg 2192
Country :	South Africa
Date of Incorporation :	26.07.1994
Com. Reg. No.:	1994/022533/23
Legal Form :	Closed Corporation
Line of Business :	Wholesalers and manufacturers of antique fixtures e.g door handles, fittings as well as locks.

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 – December 31, 2010

Country Name	Previous Rating (30.09.2010)	Current Rating (31.12.2010)
South Africa	a2	a2

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

Bottom of Form

COMPANY NAME

DÉCOR CITY HARDWARE CC

PHYSICAL ADDRESS

262 Market Street

Jeppestown

JOHANNESBURG

Gauteng

POSTAL ADDRESS

P O Box 3384

Jeppestown

2094

TELEPHONE NUMBER: 011 618 1064/5

FAX NUMBER: 011 618 2061

On investigation contact was made with the Member, R PEREZ, who declined to assist with information telephonically and requested that an e-mail questionnaire be forwarded, which was duly sent. At a later stage numerous messages have been left for R PEREZ to contact the investigator and we await a response. It would appear that the respondent is reluctant to assist with any information.

The following information was obtained through various other sources.

MAJOR OPERATION

Wholesalers and manufacturers of antique fixtures e.g door handles, fittings as well as locks.

MAJOR CUSTOMERS OR BUSINESS SECTORS

Wholesalers e.g trade buyers, hardware shops, furniture manufacturers, interior decorators, builders and architects.

AREA OF DISTRIBUTION AND SELLING

Gauteng

It was stated that R PEREZ has ±25 years experience in the hardware trade.

Nevertheless, please see statutory information obtained from CIPC below:

COMPANY NAME

DÉCOR CITY HARDWARE CC

ADDRESSES ON CIPC

PHYSICAL ADDRESS:

125 Louis Botha Avenue

Fellside

Johannesburg

2192

POSTAL ADDRESS:

P O Box 46317

Orange Grove

2119

MEMBERS

ROBERT PEREZ

ID No. 5408065182081

Residential Address: 43 Turnstone Street, De Wets Hof, Johannesburg 2198

Postal Address: P O Box 59947, Kengray 2100

Date Appointed: 26 July 1994

Interest Held: 50%

RENETTE PEREZ

ID No. 5708210046002

Residential Address: 43 Turnstone Street, De Wets Hof, Johannesburg 2198

Postal Address: P O Box 59947, Kengray 2100

Date Appointed: 26 July 1994

Interest Held: 50%

DATE REGISTERED

26 July 1994

Registration Certificate Number: 1994/022533/23

MEMBERS CONTRIBUTIOn

R100

YEAR END

FEBRUARY

COMMENTS

In view of the lack of information on the subject, we are not in a position to recommend credit dealings to an extent of US$1 000 000 and it is suggested that dealings be on a letter of credit basis only.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.45.07
UK Pound	1	Rs.63.57
Euro	1	Rs.72.97

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.