MIRA INFORM REPORT

Report Date :

20.08.2012

IDENTIFICATION DETAILS

Correct Name :	PORT SHEPSTONE BARGAIN WHOLESALERS (PTY)LTD

Registered Office :	2 Berea Road, Port Shepstone, 4240

Country :	South Africa

Date of Incorporation :	28.02.2005

Com. Reg. No.:	2005/009186/07

Legal Form :	Private Company

Line of Business :	Wholesale Merchant

No. of Employees :	Not Available

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 :	Poor
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 – March 31^st, 2012

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

South Africa

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

Subject Name	PORT SHEPSTONE BARGAIN WHOLESALERS (PTY) LTD
Country	South Africa
Subject Contact Person	MOHAMMED - Financial Manager
Assessment	On investigation we made contact with MOHAMMED the Financial Manager for the subject who declined to assist with any information for the subject. MOHAMMED requested the name of the principal enquirer and the reason of the enquiry before he decides to divulge any information on the subject. Please see the available information for the subject below.

Auditor information

Company Registered Name	BUHR PARRY LORD
Postal Address	P 0 BOX 2, PORT SHEPSTONE, 4240
No of years in Business	20

Company Registered Name	LOCKHAT AUDITORS INCORPORATED
Postal Address	PRIVATE BAG X3, GATEWAY, 4321
Practice Number	PR5DB5C83
No of years in Business	4

Previous auditors

Company Name	Phone Number	Time with previous auditors	Comment
BUHR PARRY AND COMPANY		Unknown

Tax Information

Vat Number	4460131701
Status	ACTIVE
Vat Liable Date	1992/03/01
Tax Number	9235071207
Financial Year End	February

Black Economic Empowerment Information - No Information on Record

ISO Information - No Information on Record

Work Mans Information - No Information on Record

Company Structure

Subsidiaries Information - No Information on Record

Employees Information - No Information on Record

Company Fleet Information - No Information on Record

Offices Information - No Information on Record

Branch Information - No Information on Record

Management Overview

Organisational Chart - No Information on Record

Company Structure Information - No Information on Record

Note: One level up and all levels down

Key Deals - No Information on Record

Trade References Information - No Information on Record

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 - No Information on Record

Bank Code History - No Information on Record

Previous Bank Account Informat ion - No Information on Record

Deeds Information - No information on record

Principals

Number of Principals	2
Average Age of Active Principals	46

Active Principals Principal - 1of 2 YACOOB MOOSA

Surname	MOOSA
First Name	YACOOB
ID Number	5905045144081
Verified ID Number	Yes
Current Age	53
Status	Active
Physical Address (at time of Appointment)	6 BERA CRESCENT, PORT SHEPSTONE, 4240
Postal Address	P.O. BOX 143, PORT SHEPSTONE, 4240
Current Tel Number	0396854130
Cell number	0825786906
Shareholding/Membership	0.0000

Principal's Adverse - No information on record

Business Information forYACOOB MOOSA

Principal Current Business Interests

Company Name	Registration No	Status	Age of Business	Judgements	Liquidation	Comment
SOUTHERN MILLING (PTY) LTD	1963/005033/07	In Business	48 Years 11 Months	0	No
BOSCHRAND BELEGGINGS (PTY) LTD	1973/013638/07	In Business	38 Years 9 Months	0	No
DUIN EN DAM (PTY) LTD	1983/000853/07	In Business	29 Years 6 Months	0	No
JABULA PROPERTIES (PTY) LTD	1983/012579/07	In Business	28 Years 9 Months	0	No
MINI PLAZA SUPERMARKET (PTY) LTD	2001/024906/07	In Business	10 Years 10 Months	0	No
CHIEF SUPERMARKET (PTY) LTD	2001/025161/07	In Business	10 Years 10 Months	0	No
IZINGOLWENI BARGAIN WHOLESALERS (PTY) LTD	2001/025165/07	In Business	10 Years 10 Months	0	No
BARGAIN XPRESS (PTY) LTD	2001/025170/07	In Business	10 Years 10 Months	0	No
JABULA STORE (PTY) LTD	2001/025177/07	In Business	10 Years 10 Months	0	No
AYESHAS FLATS (PTY) LTD	2001/025181/07	In Business	10 Years 10 Months	0	No
HARDING BARGAIN WHOLESALERS (PTY) LTD	2001/025185/07	In Business	10 Years 10 Months	0	No
FLAGSTAFF BARGAIN WHOLESALERS (PTY) LTD	2001/025188/07	In Business	10 Years 10 Months	0	No
MTWALUME BARGAIN WHOLESALERS (PTY) LTD	2001/025194/07	In Business	10 Years 10 Months	0	No
FLYING HIGH AVIATION (PTY)LTD	2001/029114/07	In Business	10 Years 8 Months	0	No
ASH INVESTMENTS (PTY) LTD	2001/029953/07	In Business	10 Years 8 Months	0	No

PORT SHEPSTONE BARGAIN WHOLESALERS (PTY) LTD	2005/009186/07	In Business	7 Years 6 Months	No
AAARBURG FINANCE (PTY) LTD	2005/030443/07	In Business	7 Years	No
AAARBURG IMPORTERS AND PREPACKERS (PTY) LTD	2005/039103/07	In Business	6 Years 9 Months	No
LOT 1526 PORT SHEPSTONE EXT 8 CC	B1987/018991/23	In Business	25 Years	No
BIZANA BARGAIN WHOLESALERS (PTY) LTD	M1989/060024/07	In Business	23 Years 6 Months	No
ORB I PLAZA (PTY) LTD	M1992/002171/07	In Business	20 Years 4 Months	No
MARBURG INVESTMENTS (PTY) LTD	M1992/002172/07	In Business	20 Years 4 Months	No
PORT EDWARD BARGAIN WHOLESALERS (PTY) LTD	M1995/005057/07	In Business	17 Years 2 Months	No
SPEND RITE SUPERMARKET (PTY) LTD	M1995/005642/07	In Business	17 Years 2 Months	No
MANABA BARGAIN WHOLESALERS (PTY) LTD	M2001/025196/07	In Business	10 Years 10 Months	No

Principal's Deeds Information - No information on record

Average Age of Previous Business 24 years

Company Name	Registration No	Status	Age of Business	Judgements	Liquidation	Comment
DOROTHY MAC CALLUM TRUST (PTY) LTD	1973/013683/07	Deregistration Process	38 Years 9 Months	0	No
LAGO 139 CC	1996/013345/23	In Business	16 Years 5 Months	0	No
MARBURG FUEL CC	B1993/000963/23	In Business	19 Years 7 Months	0	No

Principal's Deeds Information - No information on record

Principal - 2of 2 YUSUF MOOSA

Surname	MOOSA
First Name	YUSUF
ID Number	7303245077087
Verified ID Number	Yes
Current Age	39
Status	Active
Appointment Date
Physical Address (at time of Appointment)	46 SNIPE STREET, PORT SHEPSTONE,
Postal Address	PO BOX 143, PORT SHEPSTONE, 4240
Current Tel Number	0396854130
Cell number	0833091862
Shareholding/Membership	0.0000

Principal's Adverse - No information on record

Business Information for YUSUF MOOSA

Principal Current Business Interests

Company Name	Registration No	Status	Age of Business	Judgements	Liquidation	Comment
SOUTHERN MILLING (PTY) LTD	1963/005033/07	In Business	48 Years 11 Months	0	No
BOSCHRAND BELEGGINGS (PTY) LTD	1973/013638/07	In Business	38 Years 9 Months	0	No
DUIN EN DAM (PTY) LTD	1983/000853/07	In Business	29 Years 6 Months	0	No
JABULA PROPERTIES (PTY) LTD	1983/012579/07	In Business	28 Years 9 Months	0	No
MINI PLAZA SUPERMARKET (PTY) LTD	2001/024906/07	In Business	10 Years 10 Months	0	No
CHIEF SUPERMARKET (PTY) LTD	2001/025161/07	In Business	10 Years 10 Months	0	No
IZINGOLWENI BARGAIN WHOLESALERS (PTY) LTD	2001/025165/07	In Business	10 Years 10 Months	0	No
BARGAIN XPRESS (PTY) LTD	2001/025170/07	In Business	10 Years 10 Months	0	No
JABULA STORE (PTY) LTD	2001/025177/07	In Business	10 Years 10 Months	0	No
AYESHAS FLATS (PTY) LTD	2001/025181/07	In Business	10 Years 10 Months	0	No
HARDING BARGAIN WHOLESALERS (PTY) LTD	2001/025185/07	In Business	10 Years 10 Months	0	No
FLAGSTAFF BARGAIN WHOLESALERS (PTY) LTD	2001/025188/07	In Business	10 Years 10 Months	0	No
MTWALUME BARGAIN WHOLESALERS (PTY) LTD	2001/025194/07	In Business	10 Years 10 Months	0	No
FLYING HIGH AVIATION (PTY)LTD	2001/029114/07	In Business	10 Years 8 Months	0	No
ASH INVESTMENTS (PTY) LTD	2001/029953/07	In Business	10 Years 8 Months	0	No

PORT SHEPSTONE BARGAIN WHOLESALERS (PTY) LTD	2005/009186/07	In Business	7 Years 6 Months	No
AAARBURG FINANCE (PTY) LTD	2005/030443/07	In Business	7 Years	No
AAARBURG IMPORTERS AND PREPACKERS (PTY) LTD	2005/039103/07	In Business	6 Years 9 Months	No
BARGAIN SECURITY CC	B1997/045341/23	In Business	15 Years	No
BIZANA BARGAIN WHOLESALERS (PTY) LTD	M1989/060024/07	In Business	23 Years 6 Months	No
ORBI PLAZA (PTY) LTD	M1992/002171/07	In Business	20 Years 4 Months	No
AAARBURG INVESTMENTS (PTY) LTD	M1992/002172/07	In Business	20 Years 4 Months	No
PORT EDWARD BARGAIN WHOLESALERS (PTY) LTD	M1995/005057/07	In Business	17 Years 2 Months	No
SPEND RITE SUPERMARKET (PTY) LTD	M1995/005642/07	In Business	17 Years 2 Months	No
MANABA BARGAIN WHOLESALERS (PTY) LTD	/v\2001/025196/07	In Business	10 Years 10 Months	No

Principal previous business interests

Average Age of Previous Business 24 years

Company Name	Registration No	Status	Age of Business	Judgements	Liquidation	Comment
DOROTHY MAC CALLUM TRUST (PTY) LTD	1973/013683/07	Deregistration Process	38 Years 9 Months	0	No
LAGO 139 CC	1996/013345/23	In Business	16 Years 5 Months	0	No
MARBURG FUEL CC	B1993/000963/23	In Business	19 Years 7 Months	0	No

Principal's Deeds Information - No information on record

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.55.70
UK Pound	1	Rs.87.55
Euro	1	Rs.68.85

INFORMATION DETAILS

Report Prepared by :

MNL

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	PORT SHEPSTONE BARGAIN WHOLESALERS (PTY)LTD
Registration Number	2005/009186/07
Registration Date	2005/02/28
Age of Business	7 Years 6 Months
Status	In Business
Operations Assessment	Wholesale Merchant
Major Industry Code / SICC	9000
Head Office Physical Address	2 BEREA ROAD, PORT SHEPSTONE, 4240
Head Office Postal Address	PO BOX 1456, PORT SHEPSTONE, 4240
Postal Address	P.O. Box 143 Port Shepstone4240, South Africa

MIRA INFORM REPORT

Company information

Auditor information

Company Structure

Management Overview

Unit