MIRA INFORM REPORT

Report Date :

10.08.2012

IDENTIFICATION DETAILS

Name :	BAYTIQUES TRADING CC

Registered Office :	22 Derwent Avenue, Lakeside, Edenvale

Country :	South Africa

Date of Incorporation :	25.05.1999

Com. Reg. No.:	B1999/029460/23

Legal Form :	Closed Corporation

Line of Business :	Wholesale trade in household furniture requisites and appliances

No. of Employees :	6

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Moderate

Payment Behaviour :	No Complaints

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

Summary

Subject Name	BAYTIQUES TRADING CO CC
Country	South Africa
Subject Contact Person	ELYSIA MILLARD-Managing Director
Assessment	This is a well-established family business. On investigation, contact was made with ELYSIA MILLARD-Managing Director who deemed all financial information as confidential No payment profile could be established as the subject imports all their products and only utlize the services of clearing and courier agentsPlease see the available obtianed below.

Auditors Information

Company Registered Name	BRADLEY VUTILLI
Trading Name	None
Registration Number	None
Physical Address	22 Derwent Avenue, Lakeside, Edenvale, South Africa
Postal Address	PO Box 459, Modderfontein, 1645
Contact Person	Bradley
Judgements Against Subject	No information on file
Judgements Against Principals	No Information on file
Subject Verified as Client	No
Comment	Contact details for the bookkeeper was not made available

Previous Auditors

Company Name	Phone Number	Time with previous auditors	Comment
GIBSON AND BUTLIN		13

Tax Information

Vat Number	4940182779
Status	ACTIVE
Vat Liable Date	1999/08/01
Tax Number	9396004104
Tax Clearance Expire Date
Financial Year End	February
Comment

Black Economic Empowerment

Status	No
Score
Expire Date
BEE Certificate Available
Comment	The company is not BEE compliant

ISO Status

Type of ISO Grade	None
ISO Certificate
ISO Certificate Available
Certified by an Accredited Agent
Comment	The subject at the business has mentioned that not all of the products imported are ISO Certified

Workman's compensation

Registered	No
Compliance Certified	No
Comment	In the process of registering

Company Structure

Subsidiaries

Subsidiary Company
Shareholding
Registration Number
Import / Export
Comment	There are no reported subsidiaries
Employees
Number of Employees	6
1. Salaried employees
2. Waged employees
3. Permanent employees
4. Casual employees
5. Contracted employees
Comment	A breakdown of the staff compliment was not made available

Company Fleet

Company Fleet	No of vehicles:	Ownerd/Leased	Value	Outstanding Balance
Fleet Operations
The Fleet is made up of
Comment	Details were not made availble

Offices

Offices	Offices
Head Office Owned/ Rented
Rental Company
Owned by
Value
Bond
Bank
Lease Agreement	None
Lease Expire Date
Type of Premises	Retail shop
Comment	The business operates from the members private residence
Branch Information
Branches Names	Country	Province

Branch Detail Information
Branches Owned/ Rented
Rental Company
Owned by
Value
Bond
Bank
Lease Agreement
Lease Expire Date
Type of Premises
Comment	There are no branches of the business

Management Overview

Organisation Chart

Level

Position

Name

Comment

Company Structure Information - No Information on Record

Note: One level up and all levels down

Key Deals - No Information on Record

Trade References

Trade Reference nr	Supplier	Contact	Surety Value	Notarial Bonds	Comment
1	BERCO EXPRESS	011 457 3000			Do not give Trade References
2	TAXI TRUCKS	011 574 8600			Do not give Trade References

Trade References Detail

Nr	Age of Acc	Credit Limit	Max Credit	Terms	Average Purchases	Terms Taken	Comment
1
2

Adverse Information on Subject

Judgements - No information on record

BusinessRescue - No Information on Record

Default Listing - No information on record

Notarial Bonds - No information on record

Bank Information

Bank
Branch
Brach Code
Bank Account Number
Type of Account
Account Name
Overdraft Facilities	Yes, details were not made available
Bank Code
Bank Comment

Bank Code History - No Information on Record

Previous Bank Account Information - No Information on Record

Deeds Information - No information on record

Financial Information

Financial Estimates

CURRENT ASSETS
Stock
Debtors
FIXED ASSETS
Plant, Equipment, Vehicles
Property
CURRENT LIABILITIES
Creditors
Loans/ From?
Loan Details
LONG TERM LIABILITIES
Morgage Bonds
Previous Year Turnover
Estimated Current Year Turnover
Current Turnover per month
Current Turnover per annum
Comment	Financial information is deemed confidential

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	2
Average Age of Active Principals	52

Active Principals

Surname	MILLARD
First Name	PAUL
Other Names
Marital Status
ID Number	5808125106089
Verified ID Number	Yes
Current Age	54
Designation
Status	Active
Appointment Date	2011/09/19
Physical Address (at time of Appointment)	22 DERWENT AVENUE, LAKESIDE VILLAGE, MODDERFONTEIN, 1645
Postal Address	P O BOX 459, MODDERFONTEIN, 1645
Current Tel Number	0116080073
Cell number	0824474007
Shareholding/Membership	50.0000

Business Information for PAUL MILLARD

Principal Current Business Interests

Company Name	Registration No	Status	Age of Business	Judgements	Liquidation	Comment
TZN AGENCIES CC	B1991/002944/23	In Business	21 Years 5 Months	0	No
BAYTIQUES TRADING CC	B1999/029460/23	In Business	13 Years 2 Months	0	No

Principal Previous Business Interests

Average Age of Previous Business 23 Years

Company Name	Registration No	Status	Age of Business	Judgements	Liquidation	Comment
C P HOMES CC	1989/009652/23	Deregistration Final	23 Years 4 Months	0	No

Principal Deeds Information

Property Interests for PAUL MILLARD
Title Deed No.	ST10504/2009	Erf/Site No.	230,0
Deeds Office	JOHANNESBURG	Physical Address	19 AURET NORTON PARK BENONI
Property Type	Sectional Title / Unit	Extent / Size	81.0SQM
Purchase Date	2008/04/09	Purchase price
% Ownership	0.00	Bond Holder	STANDARD BANK OF SOUTH AFRICA L
Bond Number	SB88492009	Bond Amount
Comment
Property Interests for PAUL MILLARD
Title Deed No.	ST165780/2007	Erf/Site No.
Deeds Office	PRETORIA	Physical Address
Property Type	Sectional Title / Unit	Extent / Size	108.0SQM
Purchase Date	2006/12/06	Purchase price
% Ownership	0.00	Bond Holder	NEDBANK LTD
Bond Number	SB1995622007	Bond Amount
Comment
Property Interests for PAUL MILLARD
Title Deed No.	ST165786/2007	Erf/Site No.
Deeds Office	PRETORIA	Physical Address
Property Type	Sectional Title / Unit	Extent / Size	109.0SQM
Purchase Date	2007/06/12	Purchase price
% Ownership	0.00	Bond Holder	STANDARD BANK OF SOUTH AFRICA L
Bond Number	SB1995682007	Bond Amount
Comment

ELYSIA MILLARD

Surname	MILLARD
First Name	ELYSIA
Other Names
Marital Status
ID Number	6204180126080
Verified ID Number	Yes
Current Age	50
Designation
Status	Active
Appointment Date	2010/11/10
Physical Address (at time of Appointment)	22 DERWENT AVENUE, LAKESIDE VILLAGE, MODDERFONTEIN, 1645
Postal Address	P O BOX 459, MODDERFONTEIN, 1645
Current Tel Number	0116080073
Cell number	0832727298
Shareholding/Membership	50.0000

Business Information for ELYSIA MILLARD Principal Current Business Interests

Company Name	Registration No	Status	Age of Business	Judgements	Liquidation	Comment
TZN AGENCIES CC	B1991/002944/23	In Business	21 Years 5 Months	0	No
BAYTIQUES TRADING CC	B1999/029460/23	In Business	13 Years 2 Months	0	No

Principal Previous Business Interests

Average Age of Previous Business 23 Years

Company Name	Registration No	Status	Age of Business	Judgements	Liquidation	Comment
CUPBOARDS GALORE CC	1989/014512/23	Provisional Liquidation	23 Years 2 Months	0	Yes

Principal Deeds Information

Property Interests for ELYSIA MILLARD
Title Deed No.	ST10504/2009	Erf/Site No.	230,0
Deeds Office	JOHANNESBURG	Physical Address	19 AURET NORTON PARK BENONI
Property Type	Sectional Title / Unit	Extent / Size	81.0SQM
Purchase Date	2008/04/09	Purchase price
% Ownership	0.00	Bond Holder	STANDARD BANK OF SOUTH AFRICA L
Bond Number	SB88492009	Bond Amount
Comment
Property Interests for ELYSIA MILLARD
Title Deed No.	ST165780/2007	Erf/Site No.
Deeds Office	PRETORIA	Physical Address
Property Type	Sectional Title / Unit	Extent / Size	108.0SQM
Purchase Date	2006/12/06	Purchase price
% Ownership	0.00	Bond Holder	NEDBANK LTD
Bond Number	SB1995622007	Bond Amount
Comment
Property Interests for ELYSIA MILLARD
Title Deed No.	ST165786/2007	Erf/Site No.
Deeds Office	PRETORIA	Physical Address
Property Type	Sectional Title / Unit	Extent / Size	109.0SQM
Purchase Date	2007/06/12	Purchase price
% Ownership	0.00	Bond Holder	STANDARD BANK OF SOUTH AFRICA L
Bond Number	SB1995682007	Bond Amount
Comment

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.55.17
UK Pound	1	Rs.86.43
Euro	1	Rs.68.27

INFORMATION DETAILS

Report Prepared by :

SDA

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	BAYTIQUES TRADING CC
Trading as/ Division Name	None
Previous Name	None
Registration Number	B1999/029460/23
Registration Date	1999/05/25
Date Commenced Trading	1999-05-25
Age of Business	13 Years 2 Months
History of Business	Baytiques Trading CC was registered in 1999 and opertions commenced immediately.The current members were appointed in September 2011
History of Principals
Shareholders/Members/Partners of subject and % holding	PAUL MILLARD 50%ELYSIA MILLARD 50%
Authorised Share Capital	R 100.00
Issued Share Capital/Members Contribution	R 100.00
Status	In Business
Operations Assessment	The business is involved in importing luxury homeware decor and gifts, designer tableware and accessories, ceramics, glassware and decor items.
Industry/ Customers	Public and Interior Decorators
Export	Import,Export
Major Industry Code / SICC	61391
Definition of Code	Wholesale trade in household furniture requisites and appliances
Head Office Physical Address	22 Derwent Avenue, Lakeside, Edenvale, South Africa
Head Office Postal Address	PO Box 459, Modderfontein, Edenvale, 1645
Current Tel Number	011 608 0073
Cell Number	083 272 7298
Current Fax Number	086 503 8430
Current Email Address	elysia@baytiques.com/sales@gbaytiques.com
Web Site Address	www.baytiques.com