MIRA INFORM REPORT

Report Date :

26.03.2012

IDENTIFICATION DETAILS

Name :	NUTS WHOLESALERS AND DISTRIBUTORS

Registered Office :	640 Kingsway Road, Athlone 4126

Country :	South Africa

Date of Incorporation :	1992

Legal Form :	Sole Proprietor

Line of Business :	Wholesalers and Retailers of Process nuts

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

Maximum Credit Limit :	R 300 000

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

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

Company name

Subject Name	NUTS WHOLESALERS AND DISTRIBUTORS
Country	SOUTH AFRICA
Requested Credit Limit	MAX
Enquiry Terms	US$ 150 000
Account Review	6 MONTHS
Subject Contact person	GYSBERT DU TOIT- 031 9043197
Assessment	Total Credit Limit Exposure: R 300 000 This is Sole Proprietorwhich is established. We could not obtain bank code because the subject declined to provide us with the bank account number. We therefore cannot speak to your figure. There are reported to be two judgementagainst the subject. It is suggested that all dealings be fully secured

Auditors Information

None as the subject is a sole proprietor and is not required to have

Auditors.

Previous Auditors

Company Name	Phone Number	Time with previous auditors
None

Tax Information

Vat Number	4030131736
Status	Active
Vat Liable Date	1992-04-01
Tax Number	0767289200
Financial Year End	June

Black Economic Empowerment

Status	None
Score
Expire Date
BEE Certificate Available

ISO Status

Type of ISO Grade	None
ISO Certificate
ISO Certificate Available
Certified by an Accredited Agent

Workman’s compensation

Registered	None
Compliance Certified

Company Structure

Subsidiaries

Subsidiary Company	None
Shareholding
Registration Number
Import / Export

Number of Employees	None
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	None
The Fleet is made up of
1. Cars
2. Light Delivery Vehicles
3. Trailers
4. Busses
5. Trucks
6. Fork Lifts
7. Other

Offices
Head Office Owned/ Rented	Owned
Rental Company
Owned by	MR GYSBERT DU TOIT
Value
Bond	None
Bank
Lease Agreement
Lease Expire Date
Type of Premises	Home and office premises

Branches Names	Country	Province
None

Management Overview

Organisation chart

Level	Position	Name
1	Sole Proprietor	GYSBERT DU TOIT

Company Structure (Ownership)

Note: One level up and all levels down

Holding	Company	Sub
None

Trade References

Key deals signed within the past 12 months.

Company	Value	Contact
None

Trade Reference nr	Supplier	Contact
1	CHAIRMANS TRADING	031 4652767
2	JAP	031 5621797
3	RIBA NUTS	018 3300001
4	PERISHABLE	012 4648207

Trade References Detail

Nr	Age of Acc	Credit Limit	Max Credit	Terms	Average Purchases	Terms Taken	Comment
1	5 Years	R 200 000	R 150 000	30 Days	R 150 000	30 Days	Very Good
2	4 Years	R 100 000	R 50 000	30 Days	R 50 000	30 Days	Good
3	Do	Not	Give	Trade	Reference
4	Do	Not	Give	Trade	Reference

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	STANDARD BANK
Branch	GALLERIA MANZIMTOTI
Bank Account Number	unavailable
Type of Account	CURRENT
Account Name	Unknown
Overdraft Facilities	Yes
Bank Code	Unable to obtain
Bank Comment	Refused to provide with us with the bank account number.

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	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

Number of Principals	1
Average Age of Active Principals	61

Active Principals

Principal 1 of 1: GYSBERT DU TOIT

Surname	DU TOIT
First Name	GYSBERT
Other Names	None
Marital Status	None
ID Number	5105305074009
Verified ID Number	Yes
Current Age	61
Designation	Director
Status	Active
Appointment Date	Unknown
Physical Address (at time of Appointment)	650 Kingsway ATHLONE PARK 4126
Postal Address	PO Box 381 UMBOGITWINI 4120
Current Tel Number	031 9043197
Cell number	084 8170673
Current Fax Number	086 6202272
Current Email Address	nutsafrica@xsinet.co.za
Shareholding	100%

Adverse Information for: GYSBERT DU TOIT

Judgement

Number of Judgements

Debt Review

Debt review

Other

Default data

None

Business Information for: GYSBERT DU TOIT

Current Business Interests

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

NUTSAFRISUN GRAIN PRODUCTS (PTY) LTD

2000/011801/07

In Business

11 Years

9 Months

Previous Business Interests

Average Age of Previous Business Interests

10 Years

Company Name	Registration No	Status	Age of Business	Judgements	Liquidation
AGRIPAN INVESTMENTS (PTY) LTD	2000/013980/	Deregistration Final	11 Years 9 Months	0	No
RED ROAD TRADING 104 CC	2000/019122/23	Deregistration Final	11 Years 11 Months	0	No
RIVER END TRADING 155 CC	B2005/076651/23	Deregistration Process	6 Years 9 Months	0	No

Deeds Information

Property Interestsfor: GYSBERT DU TOIT

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.50.90
UK Pound	1	Rs.80.77
Euro	1	Rs.67.40

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.

Sole Proprietor	GYSBERT DU TOIT (5105305074009)
Trading as/ Division Name	NUTS WHOLESALERS AND DISTRIBUTORS
Previous Name	None
Date of Name Change	1992
Date Started	1992
Age of Business	13 Years
History of Business	None
History of Principals	None
Shareholders/Members/Partners of subject and % holding	100% GYSBERT DU TOIT
Status	This Business is Active
Operations Assessment	Process nuts
Industry/ Customers	Wholesalers and Retailers
Export	India
Major Industry Code / SICC	30492
Definition of Code	Manufacture of nut foods
Head Office Physical Address	640 Kingsway Road ATHLONE 4126
Head Office Postal Address	PO Box 381 UNBOGINTWINI 4120
Current Tel Number	031 9043147
Cell number	072 8917633
Current Fax Number	086 6202272
Current Email Address	nutsafrica@xsinet.co.za
Web Site Address	None