MIRA INFORM REPORT

Report Date :

10.05.2012

IDENTIFICATION DETAILS

Name :	THE WORLD OF MARBLE AND GRANITE 2000 CC

Registered Office :	Cnr Marine Drive And N1 Highways, Cape Town

Country :	South Africa

Date of Incorporation :	28.10.1992

Com. Reg. No.:	1992/029305/23

Legal Form :	Closed Corporation

Line of Business :	Retail of Marble and Granite kitchen tops, Tiles

No. of Employees :	152

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Status :	Satisfactory

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 – 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

Company summary

Subject Name	THE WORLD OF MARBLE AND GRANITE 2000 CC
Country	SOUTH AFRTICA
Enquiry Terms	D/A terms
Account Review
Subject Contact person	OREN SACHS 082 788 7888-(DIRECTOR)
Assessment	On investigation we have made contact with subject and we were referred to MR OREN SACHS the Director. He assisted us with the information however declined to assist with the Financials on the subject. The subject is meeting commitments timeously with suppliers. We still await the bank code Please see available information below.

Auditors Information

Company Registered Name	LEON MARGOULIS CHATERED ACCOUNTANTS
Trading Name	LEON MARGOULIS
Registration Number	4301245038086
Physical Address	9^TH FLOOR 2 LONG STREET CAPE TOWN 8000
Postal Address	PO Box 6409 ROGGEBAAI 8012
Contact Person	LEON MARGOULIS
Contact Number	021 418 4485
Email	LEON@LEONMARGOULIS.COM
Principals	1
Judgements Against Subject	None
Judgements Against Principals	None
Subject Verified as Client	Yes
SAICA number	937495E
VAT Number	4910102203
Tax Number	2151014038
BEE Status	None
Financial Year End	February
Years With Auditors	13 Years
Website	None

Previous Auditors

Company Name	Phone Number	Time with previous auditors
KEVIN FIALKOV CA(SA)

Tax Information

Vat Number	4790134532
Status	Active
Vat Liable Date	End of every Month
Tax Number	9920729036
Tax Clearance Expire Date	Unavailable
Financial Year End	December

Black Economic Empowerment

Status	Yes
Score	Level 4
Expire Date	2013
BEE Certificate Available	Yes

ISO Status

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

Workman’s compensation

Registered	Yes
Compliance Certified	Yes

Company Structure

Subsidiaries

Subsidiary Company	None
Shareholding
Registration Number
Import / Export

Number of Employees	152
1. Salaried employees	152
2. Waged employees
3. Permanent employees	152
4. Casual employees
5. Contracted employees

Company Fleet	No of vehicles:	Owned/ Leased	Value	Outstanding Balance
Fleet Operations
The Fleet is made up of
1. Light Delivery Vehicles	12	Owned	R 60 000 – R 80 000 Each	Nil
2. Trucks	3	Owned	R 300000 – R 400000 Each	Nil

Offices
Head Office Owned/ Rented	Owned
Rental Company
Owned by
Value
Bond
Bank
Lease Agreement
Lease Expire Date
Type of Premises	Show room ,and a yard

Branches Names	Country	Province
THE WORLD OF MARBLE AND GRANITE 2000 CC	SOUTH AFRICA	PARDON ISLAND
THE WORLD OF MARBLE AND GRANITE 2000 CC	SOUTH AFRICA	JOHANNESBURG

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

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

Management Overview

Organisation chart

Level	Position	Name
1	Managing Member	OREN SACHS

Company Structure (Ownership)

Note: One level up and all levels down

Holding

Company

Sub

50% OREN SACHS

50% MATITYAHOU SACHS

THE WORLD OF MARBLE AND GRANITE 2000 CC

None

Trade References

Key deals signed within the past 12 months.

Company	Value	Contact
None

Trade Reference nr	Supplier	Contact	Surety Value	Notarial Bonds
1	TOOL GEL	011 397 4344
2	MAXALCUS	021 508 4911
3	STONE CONNECTION	021 551 9700
4	GNA LOGISTICS	021 385 1866

Trade References Detail

Nr	Age of Acc	Credit Limit	Max Credit	Terms	Average Purchases	Terms Taken	Comment
1	Still	Await	feedback
2	12 Years	R 45000	R 38000	30 Days	R 20000	30 Days	Good
3	10 Years	R 50000	Unavailable	30 Days	R 20000 - 30000	30 Days	Good
4	Still	Await	feedback

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	Nedbank
Branch	Sea Point
Bank Account Number	1069323748
Type of Account	Cheque
Account Name	World of marble and granite 2000 cc
Overdraft Facilities	Yes
Date Opened
Bank Code	(Still Awaiting 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.	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	2
Average Age of Active Principals	61

Active Principals

Principal 1 of 2:OREN SACHS

Surname	SACHS
First Name	OREN
Other Names	None
Marital Status	Unavailable
ID Number	6206145932189
Verified ID Number	Yes
Current Age	50
Designation	Director
Status	Active
Appointment Date	Unavailable
Physical Address (at time of Appointment)	44 Avenue Street Bartholomew Fresnaye 8005
Postal Address	44 Avenue Street Bartholomew Fresnaye 8005
Current Tel Number	0214476161
Cell number	082 788 7888
Current Fax Number	Unavailable
Current Email Address	Unavailable
Shareholding	50%

Adverse Information for : OREN SACHS

Judgement

Number of Judgements

None

Debt Review

Debt review

None

Other

Default data

None

Business Information for: OREN SACHS

Current Business Interests

Company Name	Registration No	Status	Age of Business	Judgements	Liquidation
THE WORLD OF MARBLE AND GRANITE 2000 CC	1992/029305/23	In Business	19 Years 7 Months	0	No
MATIE AND SONS PROPERTY AND INVESTMENTS (PTY)LTD	1993/005795/07	Deregistration Process	18 Years 7 Months	0	No
THE WORLD OF MARBLE AND GRANITE 21^ST CENTURY CC	1997/049753/23	In Business	14 Years 8 Months	0	No
20 MANHATTAN APARTMENTS CC	1997/060513/23	In Business	14 Years 6 Months	0	No
WOMAG AFRICA CC	2004/092653/23	In Business	7 Years 8 Months	0	No

Previous Business Interests

Average Age of Previous Business Interests

14 Years

Company Name	Registration No	Status	Age of Business	Judgements	Liquidation
15 LOFT APARTMENTS CC	1997/060795/23	Deregistration Final	14 Years 6 Months	0	No

Deeds Information

Property Interestsfor : OREN SACHS

Title Deed No.	T11124/1997	Erf/Site No.	0
Deeds Office	Cape town	Physical Address
Property Type	Freehold/Ervin	Extent / Size	782SQM
Purchase Date	1996/11/18	Purchase price	R 75 000
% Ownership		Bond Holder
Bond Number		Bond Amount

Title Deed No.	T35006/1997	Erf/Site No.
Deeds Office	CAPE TOWN	Physical Address
Property Type	Freehold/Ervin	Extent / Size	818SQM
Purchase Date	1997/02/14	Purchase price	R 75 000
% Ownership		Bond Holder
Bond Number		Bond Amount	0

Title Deed No.	T20861/1997	Erf/Site No.
Deeds Office	CAPE TOWN	Physical Address	THEEWATERSKLOOF COUNTRY ESTATE THEEWATERSKLOOF
Property Type	Freehold/Ervin	Extent / Size	940SQM
Purchase Date	1996/11/19	Purchase price	R 75 000
% Ownership		Bond Holder
Bond Number		Bond Amount

Principal 2 of 2 :MATITYAHOU SACHS

Surname	SACHS
First Name	MATITYAHOU
Other Names	None
Marital Status	Unavailable
ID Number	4012185385086
Verified ID Number	Yes
Current Age	72
Designation	Director
Status	Active
Appointment Date	Unavailable
Physical Address (at time of Appointment)	42 Avenue Street Bartholomew Fresnaye 8005
Postal Address	42 Avenue Street Bartholomew Fresnaye 8005
Current Tel Number	0214476161
Cell number	Unavailable
Current Fax Number	Unavailable
Current Email Address	Unavailable
Shareholding	50 %

Adverse Information for : MATITYAHOU SACHS

Judgement

Number of Judgements

None

Debt Review

Debt review

None

Other

Default data

None

Business Information for : MATITYAHOU SACHS

Current Business Interests

Company Name	Registration No	Status	Age of Business	Judgements	Liquidation
JEWEL MAYA CC	1986/000904/23	In Business	26 years 4 Months	0	No
THE NEW REGENCY HOTEL CC	1990/034128/23	In Business	21 Years 6 Months	0	No
SILES FUTURE STONE CC	1991/001253/23	In Business	21 Years 4 Months	0	No
THE WORLD OF MARBLE AND GRANITE 2000 CC	1992/029305/23	In Business	19 Years 7 Months	0	No
MARTIE AND SONS PROPERTY AND IVESTMENTS (PTY)LTD	1993/005795/07	Deregistration Final	18 Years 7 Months	0	No

Previous Business Interests

Average Age of Previous Business Interests

23 Years

Company Name	Registration No	Status	Age of Business	Judgements	Liquidation
LORDS INVESTMENT AND ENTERTAINMENT CC	1992/010165/23	Deregistration Final	20 Years 1 Months	0	No
SACHS AND SONS INTERNATIONAL TRADE CC	B1986/009999/23	In Business	26 Years	0	No

Deeds Information

Property Interestsfor : MATITYAHOU SACHS

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.53.46
UK Pound	1	Rs.86.27
Euro	1	Rs.69.40

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	THE WORLD OF MARBLE AND GRANITE 2000 CC
Trading as/ Division Name	THE WORLD OF MARBLE AND GRANITE 2000
Previous Name	None
Date of Name Change	None
Registration Number	1992/029305/23
Registration Date	1992/10/28
Date Commenced Trading	1992/10/28
Age of Business	19 Years 7 Months
History of Business	Started as a new business in 1992
History of Principals	2
Shareholders and % holding	50% OREN SACHS,50% MATITYAHOU SACHS
Authorised Share Capital	Unavailable
Issued Share Capital	Unavailable
Status	In Business
Operations Assessment	Retail of Marble and Granite kitchen tops,Tiles
Industry/ Customers	Major Hardware stores,Construction Companies
Export	Yes
Major Industry Code / SICC	61430
Definition of Code	Wholesale trade in construction materials, hardware, plumbing and heating equipment and supplies
Head Office Physical Address	Cnr Marine Drive and N1 Highways CAPE TOWN
Head Office Postal Address	Po Box 1205 Regent Road Sea Point
Current Tel Number	021 447 6161
Cell number	0827887888
Current Fax Number	021 447 6165
Current Email Address	oren@sachs.co.za
Web Site Address	None

MIRA INFORM REPORT

Company summary

Company Information

Auditors Information

Tax Information

Black Economic Empowerment

ISO Status

Workman’s compensation

Company Structure

Management Overview

Trade References

Adverse Information on Subject

Bank Information

Deeds Information

Financial Information

Unit