MIRA INFORM REPORT

Report Date :

12.11.2012

IDENTIFICATION DETAILS

Name :	LIMPOPO SMELTERS CC

Registered Office :	Factory Number 8, Freedom Drive, Seshego, 0742

Country :	South Africa

Date of Incorporation :	06.03.2004

Com. Reg. No.:	2004/021452/23

Legal Form :	Closed Corporation

Line of Business :	Manufacturer of other motor vehicle parts and accessories

No. of Employees :	17 employees

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

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 – June 30^th, 2012

Country Name

Previous Rating

(31.03.2012)

Current Rating

(30.06.2012)

South Africa

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

South Africa - ECONOMIC OVERVIEW

south Africa is a middle-income, emerging market with an abundant supply of natural resources; well-developed financial, legal, communications, energy, and transport sectors; a stock exchange that is the 18th largest in the world; and modern infrastructure supporting a relatively efficient distribution of goods to major urban centers throughout the region. Growth was robust from 2004 to 2007 as South Africa reaped the benefits of macroeconomic stability and a global commodities boom but began to slow in the second half of 2007 due to an electricity crisis and the subsequent global financial crisis' impact on commodity prices and demand. GDP fell nearly 2% in 2009 but recovered in 2010-11. Unemployment remains high and outdated infrastructure has constrained growth. State power supplier Eskom encountered problems with aging plants and meeting electricity demand necessitating "load-shedding" cuts in 2007 and 2008 to residents and businesses in the major cities. Daunting economic problems remain from the apartheid era - especially poverty, lack of economic empowerment among the disadvantaged groups, and a shortage of public transportation. South Africa''s economic policy is fiscally conservative focusing on controlling inflation and attaining a budget surplus. The current government largely follows these prudent policies but must contend with the impact of the global crisis and is facing growing pressure from special interest groups to use state-owned enterprises to deliver basic services to low-income areas and to increase job growth.

Source : CIA

Subject Name	LIMPOPO SMELTERS CC
Country	South Africa
Subject Contact Person	JOHANNA MOHAMED - 0725313833
Assessment	This is an established business. On investigation contact was made with the member JOHANNA MOHAMED who assisted with the information for the subject. The subject was deregistered in 2010 and re-registered in 2011, however the subject has continued to trade under the same registration number. The member of the subject has 3 judgements against her name. The subject will be moving to a new premises however, the address is unknown at present. The subject has one supplier and is meeting its commitments timeously with the supplier. A bank code could not be obtained as the account number was declined. The financial information for the subject was declined as this information is considered to be confidential. Please see the available information below.

Auditors information

Company Registered Name	TAX CLINQUE
Trading Name	SOLE PROPRIETOR
Physical Address	19B THABO MBEKI STREET, POLOKWANE, 0701
Postal Address	P 0 BOX 55265, POLOKWANE, 0700
Contact Person	DAN MAKGOBA
Contact Number	0152954025
Email	danmakoba@gmail.com
Principals	1
Judgements Against Subject	None
Judgements Against Principals	None
Subject Verified as Client	Yes
Practice Number	8558836F
VAT Number	Unavailable
Tax Number	Unavailable
BEE Status	Unavailable
Financial Year End	February
No of years in Business	2 Years
Website	None

Previous Auditors Information - No Information on Record

Tax information

Vat Number	4720234212
Status	ACTIVE
Vat Liable Date	2006/06/01
Tax Number	9987490142
Financial Year End	February
Black Economic Empowerment
Status	No

ISO Information - No Information on Record

Workman's compensation

Registered

Company Structure

Subsidiaries Information - No Information on Record

Employees
Number of Employees	17
1. Salaried employees
2. Waged employees
3. Permanent employees	13
4. Casual employees
5. Contracted employees	4
Company Fleet
Company Fleet	No of vehicles:	Owned/Leased	Value	Outstanding Balance
Fleet Operations
The Fleet is made up of	2
Comment
Light delivery Vehicles	2	Owned

Offices

Offices	Offices
Head Office Owned/ Rented	Leased
Type of Premises	Factory
Comment	JOHANNA MOHAMED does not know which agent the business rents the property as the business is currently sharing the factory with another company.

Branch Information - No Information on Record

Management Overview

Organisation Chart

Level	Position	Name	Comment

1	MEMBER	JOHANNA MOHAMED

Company Structure (Ownership)

Note: One level up and all levels down

Holding	Company	Sub	Comment
100% - JOHANNA MOHAMED	LIMPOPO SMELTER CC	None

Key Deals - No Information on Record

Trade References

Trade Reference nr	Supplier	Contact	Surety Value	Notarial Bonds	Comment
1	TOWNSEND TRADING	0741046144

Trade References Detail

Nr	Age of Acc	Credit Limit	Max Credit	Terms	Average Purchases	Terms Taken	Comment
1	6 MONTHS	R 50000.00	R 50000	30 DAYS	R 50000	30 DAYS	Good Account

Adverse Information on Subject

Judgements - No information on record

Business Rescue - No Information on Record

Default Listing - No information on record

Notarial Bonds - No information on record

Bank information

Bank	STANDARD BANK
Branch	POLOKWANE SQUARE
Brach Code	052548
Bank Account Number	DEEMED CONFIDENTIAL
Type of Account	CURRENT
Account Name	LIMPOPO SMELTER CC
Overdraft Facilities	YES - FOR R 125 000

Bank Code History - No Information on Record

Previous Bank Account Information - No Information on Record

Deeds Information - No information on record

Financial information

Financial estimates

Comment

DEEMED CONFIDENTIAL

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	49

Active Principals

Principal - 1of 2 MIRRIAM RAMOYASWI

Surname	RAMOYASWI
First Name	MIRRIAM
Other Names	NONE
ID Number	6807070619087
Verified ID Number	Yes
Current Age	44
Status	Resigned
Appointment Date	2010/03/16
Physical Address (at time of Appointment)	442 ZONE A, LEBOWAKGOMO, 0737
Postal Address	P 0 BOX 1086, CHUENESPOORT, 0745
Current Tel Number	0114470404
Cell number	0825166041
Shareholding/Membership	0

Adverse Information for MIRRIAM RAMOYASWI

Principal Judgement

Number of Judgements	0
Principal Debt Review
Debt review	No Information on Record
Other
Default data	No Information on Record

Business Information for MIRRIAM RAMOYASWI

Principal Current Business Interests

Company Name	Registration No	Status	Age of Business	Judgements	Liquidation	Comment
REABENYA MINING INVESTMENT AND EXPLORATION (PTY) LTD	2008/003370/07	In Business	4 Years 4 Months	0	No
MABAPA MINING (PTY) LTD	M2003/000705/07	In Business	9 Years 9 Months	0	No
MMAKAU INVESTMENTS (PTY) LTD	M2005/043674/07	In Business	7 Years 7 Months	0	No

Principal Pervious Business Interests

Average Age of Previous Business 8 years

Company Name	Registration No	Status	Age of Business	Judgements	Liquidation	Comment
KATLEGO MINERAL HOLDINGS CC	B1999/064339/23	Deregistration Final	13 Years 1 Months	0	No
MULTILAYER TRADING 208 CC	B2001/038562/23	Deregistration Final	11 Years 11 Months	0	No
MOGALA DEVELOPMENT SOLUTIONS CC	B2002/104002/23	Deregistration Final	10 Years 10 Months	0	No
PRAXOS 25 CC	B2003/089390/23	Deregistration Final	9 Years 9 Months	0	No
XDSL TRADING 141 (PTY) LTD	M2000/027989/07	Deregistration Final		0	No
RAMORASWI INC	M2005/008968/21	Deregistration Final	7 Years 7 Months	0	No

Principal's Deeds Information - No information on record

Principal - 2of 2 JOHANNA MOHAMED

Surname	MOHAMED
First Name	JOHANNA
Other Names	NONE
Marital Status	Single
ID Number	5807120048080
Verified ID Number	Yes
Current Age	54
Designation	MEMBER
Status	Active
Appointment Date	2004/03/06
Physical Address (at time of Appointment)	17 LAHORE STREET, NIRVANA, PETERSBURG, 0699
Postal Address	P O BOX 5980, SUITE 91, POLOKWANE NORTH, 0750
Current Tel Number	0152920186
Cell number	0725313833
Shareholding/Membership	100%

Adverse Information for JOHANNA MOHAMED

Principal Judgement

Number of Judgements 3

Principal Debt Review

Debt review No Information on Record

Other

Default data No Information on Record

Principal Previous Business Interests

Average Age of Previous Business 9 years

Company Name	Registration No	Status	Age of Business	Judgements	Liquidation	Comment
ZEGIES PLUMBING SUPPLIES CC	B2003/025982/23	In Business	9 Years 9 Months	0	No

Principal's Deeds Information - No information on record

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.54.34
UK Pound	1	Rs.86.97
Euro	1	Rs.69.43

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	LIMPOPO SMELTERS CC
Trading as/ Division Name	None
Previous Name	None
Registration Number	2004/021452/23
Registration Date	2004/03/06
Date Commenced Trading
Age of Business	8 Years 8 Months
History of Business	The company was deregistered in 2010 however the business is now operational since its registration in 2011.
History of Principals	MIRRIAM RAMOYASWI resigned as a member, JOHANNA MOHAMED now owns 100% of the company.
Shareholders/Members/Partners of subject and % holding	100 % - JOHANNA MOHAMED
Authorised Share Capital	R1000.00
Issued Share Capital/Members Contribution	R 100.00
Status	In Business
Operations Assessment	Manufacture motor vehicle parts
Industry/ Customers	Public etc
Export	Yes
Export Countries	India
Import	None
Import Countries
Major Industry Code / SICC	38309
Definition of Code	Manufacture of other motor vehicle parts and accessories
Head Office Physical Address	FACTORY NUMBER 8, FREEDOM DRIVE, SESHEGO, 0742
Head Office Postal Address	SUITE 90, PO BOX 5981, PETERSBURG NORTH, 0750
Current Tel Number	0725313833
Cell Number	0725313833
Current Fax Number	0865489332
Current Email Address	limpoposmelter@hotmaiI.com
Web Site Address	None