MIRA INFORM REPORT

Report Date :

25.01.2012

IDENTIFICATION DETAILS

Name :	JESH SHOES CC
Registered Office :	17 Manchester Road, Pietermaritzburg 3201
Country :	South Africa
Date of Incorporation :	2004/050645/23
Com. Reg. No.:	26.05.2004
Legal Form :	Closed Corporation
Line of Business :	Retails trade, except of motor vehicles and motor cycles; repair of personal households goods
No. of Employees :	Not Available

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 – September 30^th, 2011

Country Name	Previous Rating (30.06.2011)	Current Rating (30.09.2011)
South Africa	a2	a2

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

Company details

Subject Name	JESH SHOES CC
Country
Requested Credit Limit	US 1 500 000
Enquiry Terms	D/A
Account Review
Subject Contact person	MR PILLAY
Assessment	Total Credit Limit Exposure: Total Suretyship: On investigation many attempts have been made to contact MR or MRS PILLAY however they have not been available. Eventually contact was made with MR PILLAY today and he stated he could not assist immediately with information however an URGENT questionnaire was sent to him to complete. It has further been stated that this is not considered a priority therefore they will assist when they have time. Should further details be available, they will be forwarded. In view of the current lack of information we cannot recommend dealings.

Company summary

Registered Name	JESH SHOES CC
Trading as/ Division Name
Previous Name
Date of Name Change
Registration Number	2004/050645/23
Registration Date	2004-05-26
Date Commenced Trading	2004-05-26
Age of Business	7 Years 7 Months
History of Business	62-Retails trade, except of motor vehicles and motor cycles; repair of personal households goods.
History of Principals
Shareholders/Members/Partners of subject and % holding
Authorised Share Capital
Issued Share Capital/Members Contribution
Status	This Business is Active
Operations Assessment
Industry/ Customers
Export
Major Industry Code / SICC
Definition of Code
Head Office Physical Address	17 Manchester Road PIETERMARITZBURG 3201
Head Office Postal Address	PO Box 688 LUXMI 3207
Current Tel Number	033 3911483
Cell number	083 2341800
Current Fax Number	033 3971924
Current Email Address	shallen@iafrica.co.za
Web Site Address

Auditors Information

Company Registered Name	MEKRAJ AND COMPANY.
Trading Name
Registration Number
Physical Address
Postal Address	P O Box 437 LUXMI 3207
Contact Person
Contact Number
Email
Principals
Judgements Against Subject
Judgements Against Principals
Subject Verified as Client
SAICA number	955418
VAT Number
Tax Number
BEE Status
Financial Year End
Years With Auditors
Website

Previous Auditors

Company Name	Phone Number	Time with previous auditors
MALHERBE LOURENS		Unknown

Tax Information

Vat Number	4540217884
Status	Active
Vat Liable Date	2004-09-01
Tax Number
Tax Clearance Expire Date
Financial Year End	February

Black Economic Empowerment

Status	Unavailable
Score
Expire Date
BEE Certificate Available	Yes/No

ISO Status

Type of ISO Grade	Unavailable
ISO Certificate	Yes/No
ISO Certificate Available	Yes/No
Certified by an Accredited Agent	Yes/No

Workman’s compensation

Registered	Yes/No
Compliance Certified	Yes/No

Company Structure

Subsidiaries

Subsidiary Company	Unavailable
Shareholding
Registration Number
Import / Export

Number of Employees	Unavailable
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
The Fleet is made up of	Unavailable
1. Cars
2. Light Delivery Vehicles
1. Trailers
2. Busses
3. Trucks
4. Fork Lifts
5. Other

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

Branches Names

Country

Province

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

Management Overview

Organisation chart

Company Structure (Ownership)

Note: One level up and all levels down

Trade References

Key deals signed within the past 12 months.

Company	Value	Contact
Unavailable

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

Trade References Detail

Nr	Age of Acc	Credit Limit	Max Credit	Terms	Average Purchases	Terms Taken	Comment
1	Unavailable
2
3
4

Adverse Information on Subject

Judgements

Judgements	None
Possible Judgements	None
Civil Court Records	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	Unavailable
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
None

Previous Bank Accounts

Banker	Branch Code	Account Holder	Account number	Date opened	Years with bank
None

Deeds Information

Property Interestsfor Company

Title Deed No.	Unavailable	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	Unavailable
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

Number of Principals	2
Average Age of Active Principals	47

Active Principals

Principal 1 of 2: PILLAY RENE

Surname	PILLAY
First Name	RENE
Other Names
Marital Status
ID Number	6607070626086
Verified ID Number	Yes
Current Age	45
Designation	Director
Status	Active
Appointment Date
Physical Address (at time of Appointment)	29 Boundary Road Belfort Northdale PIETERMARITZBURG 3201
Postal Address	PO Box 437 LUXMI 3207
Current Tel Number	033 3911483
Cell number	072 6202687
Current Fax Number
Current Email Address
Shareholding	(if the principal owns shares)

Adverse Information for:PILLAY RENE

Judgement

Number of Judgements

None

Debt Review

Debt review

None

Other

Default data

None

Business Information for:PILLAY RENE

Current Business Interests

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Previous Business Interests

Average Age of Previous Business Interests

None

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Deeds Information

Property Interestsfor: PILLAY RENE

Title Deed No.	T10769/2009	Erf/Site No.
Deeds Office	PIETERMARIZBURG	Physical Address	107 Brixham Orient Heights PIETERMARITZBURG/MSUNDUZI
Property Type	Freehold / Ervin	Extent / Size	1617.0SQM
Purchase Date	2008-12-12	Purchase price	R 1,500,000.00
% Ownership	0.0000	Bond Holder	FIRSTRAND BANK LTD
Bond Number	B62062009	Bond Amount	R 1,100,000.00

Principal 2 of 2: VINESHMALAN NA PILLAY

Surname	PILLAY
First Name	VINESHMALAN NA
Other Names
Marital Status
ID Number	6201085240057
Verified ID Number	No
Current Age	49
Designation	Director
Status	Active
Appointment Date
Physical Address (at time of Appointment)	29 Boundary Road Belfort Northdale PIETERMARITZBURG 3201
Postal Address	PO Box 437 LUXMI 3207
Current Tel Number	033 3917540
Cell number	083 2341800
Current Fax Number
Current Email Address
Shareholding	(if the principal owns shares)

Adverse Information for : VINESHMALAN NA V N PILLAY

Judgement

Number of Judgements

None

Debt Review

Debt review

None

Other

Default data

None

Business Information for: VINESHMALAN NA PILLAY

Current Business Interests

Company Name	Registration No	Status	Age of Business	Judgements	Liquidation
RENE FOOTWEAR	6201085240057			0	No

Previous Business Interests

Average Age of Previous Business Interests

None

Company Name	Registration No	Status	Age of Business	Judgements	Liquidation
None

Deeds Information

Property Interestsfor: VINESHMALAN NA PILLAY

Title Deed No.	T10353/1997	Erf/Site No.	0
Deeds Office	PIETERMARITZBURG	Physical Address
Property Type	Farms	Extent / Size	372SQM
Purchase Date	1997-02-14	Purchase price	R 50.000.00
% Ownership	0.0000	Bond Holder	NBS BANK LTD
Bond Number	B99531997	Bond Amount	R 100.000.00

Criminal Check for: VINESHMALAN NA PILLAY

Criminal Information (This is on request)

Case Number

None

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.49.97
UK Pound	1	Rs.77.74
Euro	1	Rs.65.09

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.