MIRA INFORM REPORT

Report Date :

26.05.2012

IDENTIFICATION DETAILS

Name :	B SLOTAR (PTY) LTD

Registered Office :	116 Frederick Street, Marshalltown, Johannesburg 2000

Country :	South Africa

Date of Incorporation :	27.02.1968

Com. Reg. No.:	1968/002065/07

Legal Form :	Private Limited

Line of Business :	Manufacture of bicycle and invalid carriages

No. of Employees :	15

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

Status :	Moderate
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

Company name

Subject Name	B SLOTAR (PTY) LTD
Country	SOUTH AFRICA
Enquiry Terms	30 DAYS
Account Review	6 MONTHS
Subject Contact person	CLIVE WEINER-011 3341106
Assessment	Total Credit Limit Exposure: R 215 000.00 This is well established company The subject is meeting commitments with suppliers. A bank code revealed that the subject financials are unknown to the bank and they cannot comment on a figure of R 1 000 000 over 30 We cannot recommend credit dealings unless fully secured.

Auditors Information

Company Registered Name	PAPAILSKY HURWITZ
Trading Name	None
Registration Number	Partnership 917850E
Physical Address	2^nd Aloe Groove 196 Louis Botha HOUGHTON ESTATE 2198
Postal Address	PO Box 46319 ORANGE GROOVE 2119
Contact Person	VANSAL STRYDOM
Contact Number	011 7287433
Email	wstrydom@papilsky.co.za
Principals	Unavailable
Judgements Against Subject	None
Judgements Against Principals	None
Subject Verified as Client	Yes
SAICA number	08043392
VAT Number	Unavailable
Tax Number	Unavailable
BEE Status	Yes
Financial Year End	February
Years With Auditors	20 Years
Website	None

Previous Auditors

Company Name	Phone Number	Time with previous auditors
ONTBREEK		44 Years

Tax Information

Vat Number	4960102095
Status	Active
Vat Liable Date	1991-09-30
Tax Number	9557087849
Tax Clearance Expire Date	Unavailable
Financial Year End	February

Black Economic Empowerment

Status	None
Score	None
Expire Date	None
BEE Certificate Available	None

ISO Status

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

Workman’s compensation

Registered	Yes
Compliance Certified	Yes

Company Structure

Subsidiaries

Subsidiary Company	None
Shareholding
Registration Number
Import / Export

Number of Employees	15
1. Salaried employees	7
2. Waged employees	8
3. Permanent employees
4. Casual employees
5. Contracted employees

Company Fleet	No of vehicles:	Owned/ Leased	Value	Outstanding Balance
Fleet Operations	10	2 Leased
The Fleet is made up of
1. Cars
2. Light Delivery Vehicles	8	8 Owned
3. Trailers
4. Busses
5. Trucks
6. Fork Lifts
7. Other

Offices	Warehouse / Offices
Head Office Owned/ Rented
Rental Company
Owned by	B SLOTAR INVESTMENTS (PTY) LTD
Value
Bond
Bank
Lease Agreement
Lease Expire Date
Type of Premises	Warehouse / Offices

Branches Names	Country	Province
None

Branches Owned/ Rented	None
Rental Company
Owned
Value
Bank
Bond
Lease Agreement
Lease Expire Date
Type of Premises

Management Overview

Organisation chart

Level	Position	Name
1	DIRECTOR	CLIVE WEINER
1	DIRECTOR	EDA WEINER

Company Structure (Ownership)

Note: One level up and all levels down

Holding	Company	Sub
Deemed Confidential

Trade References

Key deals signed within the past 12 months.

Company	Value	Contact
None

Trade Reference nr	Supplier	Contact
1	EMPSON FREIGHT	011 5780619
2	FAST FREIGHT	011 3983500
3	HENDRY	011 4931629

Trade References Detail

Nr	Age of Acc	Credit Limit	Max Credit	Terms	Average Purchases	Terms Taken	Comment
1	12 Years	R 200 000.00	R 150 000.00	30 Days	R 100 000.00	30 Days	Good
2	6 Years	Open account	R 15 000.00	30 Days	R 15 000.00	30 Days	Very Good
3	10 Years	R 15 000.00	R 10 000.00	30 Days	R 5 000.00	30 Days	Very Good

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	FNB
Branch	CARLTON
Bank Account Number	50490336002
Type of Account	CURRENT
Account Name	B SLOTAR (PTY) LTD
Overdraft Facilities	Yes
Bank Code	C for R 1 000 000
Bank Comment	The subjects bankers advise that their financial position is unknown and they are unable to 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	Deemed Confidential
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	6
Average Age of Active Principals	64

Active Principals

Principal 1 of 2:CLIVE WEINER

Surname	WEINER
First Name	CLIVE
Other Names	None
Marital Status	Married
ID Number	5907155056006
Verified ID Number	Yes
Current Age	53
Designation	Director
Status	Active
Appointment Date	1986-11-10
Physical Address (at time of Appointment)	8 Wightjak Lane SANDTON COUNTRY CLUB ESTATE 2196
Postal Address	PO Box 1213 GALLO MANOR 2052
Current Tel Number	011 3341106
Cell number	082 4834306
Current Fax Number	011 3340994
Current Email Address	sloter@globa.co.za
Shareholding	(if the principal owns shares)

Adverse Information for: CLIVE WEINER

Judgement

Number of Judgements

None

Debt Review

Debt review

None

Other

Default data

None

Business Information for: CLIVE WEINER

Current Business Interests

Company Name	Registration No	Status	Age of Business	Judgements	Liquidation
WHOLESALE CYCLE HOUSE (PTY) LTD	1964/001378/07	In Business	48 Years 3 Months	0	No
WEINER DIAMOND CORPORATION CC	1986/014761/23	In Business	25 Years 9 Months	0	No
SANDTON COUNTRY CLUB HOMEOWNER ASSOCIATION	2004/014604/08	In Business	8 Years	0	No
B SLOTAR INVESTMENTS	M1951/001503/07	In Business	61 Years	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: CLIVE WEINER

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

Principal 2 of 2: EDA WEINER

Surname	WEINER
First Name	EDA
Other Names	None
Marital Status	Married
ID Number	370704004602
Verified ID Number	Yes
Current Age	75
Designation	Director
Status	Active
Appointment Date	1980-05-21
Physical Address (at time of Appointment)	8 Hyde Park Hill Ruth Avenue HYDE PARK 2196
Postal Address	PO Box 10138 JOHANNESBURG 2000
Current Tel Number	011 3341106
Cell number	Unavailable
Current Fax Number	011 3340994
Current Email Address	sloter@global.co.za
Shareholding	(if the principal owns shares)

Adverse Information for: EDA WEINER

Judgement

Number of Judgements

None

Debt Review

Debt review

None

Other

Default data

None

Business Information for: EDA WEINER

Current Business Interests

Company Name	Registration No	Status	Age of Business	Judgements	Liquidation
GUSTIDES INVESTMENTS (PTY) LTD	M1983/004428/07	In Business	29 Years	0	No
WHOLESALE CYCLE HOUSE (PTY) LTD	1964/001378/07	In Business	48 Years 3 Months	0	No
WEINER DIAMOND CORPORATION CC	1986/014761/23	In Business	25 Years 9 Months	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: EDA WEINER

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.55.73
UK Pound	1	Rs.87.26
Euro	1	Rs.69.84

INFORMATION DETAILS

Report Prepared by :

PDT

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	B SLOTAR (PTY) LTD
Trading as/ Division Name	B SLOTAR & SON
Previous Name	None
Date of Name Change	None
Registration Number	1968/002065/07
Registration Date	1968-02-27
Date Commenced Trading	1968-02-27
Age of Business	44 Years 3 Months
History of Business	None
History of Principals	None
Shareholders/Members/Partners of subject and % holding	Deemed Confidential
Authorised Share Capital	R 1000
Issued Share Capital/Members Contribution	R 100
Status	This Business is Active
Operations Assessment	Imports and Distributes bicycle parts all over the country
Industry/ Customers	All over the country
Export	None
Major Industry Code / SICC	3872
Definition of Code	Manufacture of bicycle and invalid carriages
Head Office Physical Address	116 Frederick Street MARSHALLTOWN JOHANNESBURG 2000
Head Office Postal Address	PO Box 10138 JOHANNESBURG 2001
Current Tel Number	011 3341106
Cell number	082 4834306
Current Fax Number	011 3340994
Current Email Address	slotar@global.co.za
Web Site Address	www.slotar.co.za

MIRA INFORM REPORT

Company name

Company Information

Auditors Information

Previous Auditors

Tax Information

Black Economic Empowerment

ISO Status

Workman’s compensation

Company Structure

Management Overview

Company Structure (Ownership)

Trade References

Adverse Information on Subject

Bank Information

Deeds Information

Financial Information

Unit