MIRA INFORM REPORT

Report Date :

05.04.2012

IDENTIFICATION DETAILS

Name :	H.MYSTEK MANUFACTUERS AND FABRICATORS CC

Registered Office :	33 Fiarbanks Street, Vanderbijlpark, 1900

Country :	South Africa

Date of Incorporation :	Not Available

Legal Form :	Close Corporation

Line of Business :	Manufacture of metal structures or parts

No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

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 :	Undetermined
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

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

Company name

Subject Name	H.MYSTEK MANUFACTUERS AND FABRICATORS CC
Country	SOUTH AFRICA
Requested Credit Limit	US $ 150 000 000.00
Enquiry Terms	D/A
Account Review
Subject Contact person	MR CRONJE-FINANCIAL MANAGER
Assessment	On investigation we made contact with Mr CRONJE (083 630 5737) the financial manager who declined to assist with any information regarding the subject as the subject does not release any information regarding the company to other parties. Mr CRONJE has requested the name of the principal enquirer as well as the reason for the enquiry. Please see the available information on the subject below, however bear in mind that CIPC had no record of such a company therefore we cannot recommend any dealings.

Auditors Information

Company Registered Name	Declined
Trading Name
Registration Number
Physical Address
Postal Address
Contact Person
Contact Number
Email
Principals
Judgements Against Subject
Judgements Against Principals
Subject Verified as Client
SAICA number
VAT Number
Tax Number
BEE Status
Financial Year End
Years With Auditors
Website

Previous Auditors

Company Name	Phone Number	Time with previous auditors
Unknown

Tax Information

Vat Number	Declined
Status
Vat Liable Date
Tax Number
Tax Clearance Expire Date
Financial Year End

Black Economic Empowerment

Status	Declined
Score
Expire Date
BEE Certificate Available

ISO Status

Type of ISO Grade	Declined
ISO Certificate
ISO Certificate Available
Certified by an Accredited Agent

Workman’s compensation

Registered	Declined
Compliance Certified

Company Structure

Subsidiaries

Subsidiary Company	Declined
Shareholding
Registration Number
Import / Export

Number of Employees	Declined
1. Salaried employees
2. Waged employees
3. Permanent employees
4. Casual employees
5. Contracted employees

Company Fleet	No of vehicles:	Owned/ Leased	Value	Outstanding Balance
Fleet Operations	Declined
The Fleet is made up of

Offices	Declined
Head Office Owned/ Rented
Rental Company
Owned by
Value
Bond
Bank
Lease Agreement
Lease Expire Date
Type of Premises

Branches Names	Country	Province
Declined

Branches Owned/ Rented
Rental Company
Owned
Value
Bank
Bond
Lease Agreement
Lease Expire Date
Type of Premises

Management Overview

Organisation chart

Level	Position	Name
Declined

Company Structure (Ownership)

Note: One level up and all levels down

Holding	Company	Sub
Declined

Trade References

Key deals signed within the past 12 months.

Company	Value	Contact
Declined

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

Trade References Detail

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

Previous Bank Accounts

Banker	Branch Code	Account Holder	Account number	Date opened	Years with bank
Unavailable

Deeds Information

Property Interestsfor Company

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

Financial Information

Financial Estimates

CURRENT ASSETS	Declined
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

Principal information was unobtainable as the company details could not be traced on CIPC as there was no record of the subject.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.51.04
UK Pound	1	Rs.81.08
Euro	1	Rs.67.39

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.

Registered Name	H.MYSTEK MANUFACTURES & FABRICATION CC
Trading as/ Division Name	H.MYSTEK MANUFACTURES & FABRICATION
Previous Name	None
Date of Name Change	Declined
Registration Number	Declined
Registration Date	Declined
Date Commenced Trading	Declined
Age of Business	Declined
History of Business	Declined
History of Principals	Declined
Shareholders and % holding	Declined
Authorised Share Capital	Declined
Issued Share Capital	Declined
Status	In business
Operations Assessment	H. Mystek Manufacturers and Fabrication is a company that specialises in: The designing, manufacturing and installation of conveyor systems The manufacturing of steel structures. The upgrading, designing, modifications and refurbishing of production plants The installation of new production plants. The repair of trailers, transport and farming equipment as well as the manufacture of new ones. The servicing and repair of pumps Manufacturer of stainless steel impellers The manufacturing and installation of pipe lines Cutting and bending Grid blasting and painting Welding of cast iron, stainless steel, aluminium and copper.
Industry/ Customers	Declined
Export	Declined
Major Industry Code / SICC	35411
Definition of Code	Manufacture of metal structures or parts thereof
Head Office Physical Address	33 Fiarbanks Street Vanderbijlpark 1900
Head Office Postal Address	PO Box 6887 Vanderbijlpark 1900
Current Tel Number	016 986 3154/0126
Cell number	083 442 1752
Current Fax Number	086 541 9177
Current Email Address	hmystek@axxess.co.za
Web Site Address	www.hmystek.co.za