MIRA INFORM REPORT

Report Date :

07.03.2012

IDENTIFICATION DETAILS

Name :	MED-MAC SERVICES CC
Registered Office :	63 Basroyd Drive Bassonia 2190
Country :	South Africa
Date of Incorporation :	30.03.1995
Com. Reg. No.:	1995/013328/23
Legal Form :	Close Corporation
Line of Business :	Manufacture-identifications markers, dark-room safelights, viewing light boxes, sonar gel
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, 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

Summary

Subject Name	MED MAC SERVICES CC
Country	SOUTH AFRICA
Requested Credit Limit	$1 500 000
Enquiry Terms	D/A
Account Review	EVERY 3 MONTHS
Subject Contact person	BARRY MC INNES-011 432-082 455 0588
Assessment	Total Credit Limit Exposure: Total Suretyship: On the investigation contact was made with the director, BARRY MC INNES. He was not prepared to provide any information regarding the company and stated that the company is privately owned and it’s Company Policy not to provide confidential financial details to other parties. Nevertheless please see the available details below.

Company Information

Registered Name	MED-MAC SERVICES CC
Trading as/ Division Name	None
Previous Name	None
Date of Name Change	None
Registration Number	1995/013328/23
Registration Date	1995-03-30
Date Commenced Trading	1995-03-30
Age of Business	17 Years
History of Business	Unavailable
History of Principals	None
Shareholders/Members/Partners of subject and % holding	10% BRADON MC INNES 90% BARRY MC INNES
Authorised Share Capital	R 100
Issued Share Capital/Members Contribution	R 100
Status	This Business is Active
Operations Assessment	Manufacture-identifications markers, dark-room safelights, viewing light boxes, sonar gel
Industry/ Customers	06-Promotion and industrial supplies Litho print Screen print
Export	Unavailable
Major Industry Code / SICC	93199
Definition of Code	Other health services
Head Office Physical Address	63 Basroyd Drive BASSONIA 2190
Head Office Postal Address	PO Box 39202 BOOYSENS 2011
Current Tel Number	011 4323545
Cell number	082 4550588
Current Fax Number	086 5310047
Current Email Address	barry@medmac.co.za
Web Site Address	www.medmac.co.za

Auditors Information

Company Registered Name

Unavailable

Previous Auditors

Company Name	Phone Number	Time with previous auditors
None

Tax Information

Vat Number	4880148988
Status	Active
Vat Liable Date	1995-0501
Tax Number	9270566830
Tax Clearance Expire Date	February and August
Financial Year End	February

Black Economic Empowerment

Status	Unavailable
Score
Expire Date
BEE Certificate Available

ISO Status

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

Workman’s compensation

Registered	Unavailable
Compliance Certified

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	Unavailable
The Fleet is made up of
1. Cars

Offices	Unavailable
Head Office Owned/ Rented

Branches Names	Country	Province
Unavailable

Branches Owned/ Rented	Unavailable
Rental Company

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

Trade References Detail

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

Bank Information

Bank	Unavailable

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.	None	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 1: BRADON MC INNES

Surname	MC INNES
First Name	BRADON
Other Names	None
Marital Status	None
ID Number	7712195147080
Verified ID Number	Yes
Current Age	35
Designation	Director
Status	Acvtive
Appointment Date
Physical Address (at time of Appointment)	63 Basroyd Drive BASSONIA 2061
Postal Address	PO Box 39202 BOOYSENS 2015
Current Tel Number	011 432 3545
Cell number	082 4529186
Current Fax Number	086 5310047
Current Email Address	brandon@medmac.co.za
Shareholding	(if the principal owns shares)

Business Information for: BRADON MC INNES

Current Business Interests

Company Name	Registration No	Status	Age of Business	Judgements	Liquidation
None

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: BRADON MC INNES

Title Deed No.	T24151/2008	Erf/Site No.
Deeds Office	JOHANNESBURG	Physical Address	16 MARTHA LINMEYER JOHANNESBURG SOUTH
Property Type	Freehold / Ervin	Extent / Size	962.0SQM
Purchase Date	2008-03-17	Purchase price	R 875 000.00
% Ownership	0.0000	Bond Holder
Bond Number		Bond Amount	R 0.00

Principal 1 of 2: BARRY MC INNES

Surname	MC INNES
First Name	BARRY
Other Names	None
Marital Status	None
ID Number	5308265139008
Verified ID Number	Yes
Current Age	59
Designation	Director
Status	Active
Appointment Date	Unavailable
Physical Address (at time of Appointment)	22 Amy Street MEREDALE 2091
Postal Address	22 Amy Street MEREDALE 2091
Current Tel Number	011 4323545
Cell number	082 4550588
Current Fax Number	086 5310047
Current Email Address	barry@medmac.co.za
Shareholding	(if the principal owns shares)

Business Information for: BARRY MC INNES

Current Business Interests

Company Name	Registration No	Status	Age of Business	Judgements	Liquidation
None

Previous Business Interests

Average Age of Previous Business Interests

None

Company Name	Registration No	Status	Age of Business	Judgements	Liquidation
PEROMAC MEDICAL SERVICES CC	1987/016593	In Business	24 Years 8 Months	0	No

Deeds Information

Property Interestsfor: BARRY MC INNES

Title Deed No.	None	Erf/Site No.
Deeds Office		Physical Address
Property Type		Extent / Size
Purchase Date		Purchase price
% Ownership		Bond Holder
Bond Number		Bond Amount

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.50.03
UK Pound	1	Rs.79.32
Euro	1	Rs.66.02

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.