MIRA INFORM REPORT

Report Date :

23.10.2012

IDENTIFICATION DETAILS

Name :	ALVESTON CONSTRUCTION CC
Registered Office :	32 Wavell Drive, Wembly Pietermaritzburg,South Africa 3201

Country :	South Africa

Date of Incorporation :	12.04.2005

Com. Reg. No.:	B2005/041018/23

Legal Form :	Close Corporation

Line of Business :	The concern operates as a commodity broker

No. of Employees :	3

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 :	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 – June 30^th, 2012

Country Name

Previous Rating

(31.03.2011)

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 Unemployment remains high and outdated infrastructure has constrained growth.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

Summary

Subject Name	ALVESTON CONSTRUCTION CC
Country	SOUTH AFRICA
Subject Contact Person	MICHAEL JAMES DAVIDOVICS - OPERATIONAL DIRECTOR
Assessment	This is a well-established business. On investigation contact was made with the operational director who assisted with the information for the subject. The subject has been in operation for over 7 years. A bank code E was obtained for an enquiry amount of R100 000 over a period of 30 days. The subject is not a local credit seeker but meets its one service provider timeously. No adverse information was revealed during the investigation. Please see the information obtained below.

Auditors information

Company Registered Name	DAVID PHILLIPS 5811095874181
Trading Name	D PHILLIPS AND COMPANY
Registration Number	Sole Proprietorship
Physical Address	615 STREAM CRESCENT, BOSKRUIN EXTENSION 18, 2154
Postal Address	P 0 BOX 1255, NORTHRIDING, 2162
Contact Person	DAVID PHILLIPS
Contact Number	083 3811320
Email	UNAVAILABLE
Principals	1
Judgements Against Subject	NO INFORMATION ON FILE
Judgements Against Principals	NO INFORMATION ON FILE
Subject Verified as Client	Yes
Practice Number	955809
VAT Number	4170194098
Tax Number	NONE
BEE Status	NONE
Financial Year End	MARCH
No of years in Business	Unknown
Website	NONE
Comment

Previous Auditors Information - No Information on Record

Tax information

Vat Number	4910236902
Status	ACTIVE
Vat Liable Date	2007/05/01
Tax Number	9057168172
Tax Clearance Expire Date
Financial Year End	February
Comment
Black Economic Empowerment
Status	No
Score
Expire Date
BEE Certificate Available
Comment	The concern is not BEE compliant
_{ISO Status}
Type of ISO Grade	Some of the products sold are ISO certified
ISO Certificate	Yes
ISO Certificate Available	No
Certified by an Accredited Agent
Comment
Workman's compensation
Registered	Yes
Compliance Certified	Yes
Comment

Company Structure

Subsidiaries

Subsidiary Company	None
Shareholding
Registration Number
Import / Export
Comment
Employees
Number of Employees	3
1. Salaried employees	3
2. Waged employees

Company Fleet

Company Fleet	No of vehicles:	Ownerd/Leased	Value	Outstanding Balance
Fleet Operations
The Fleet is made up of
Comment	All vehicles are privately owned by the member

Offices

Offices	Offices
Head Office Owned/ Rented	Leased
Rental Company	Mr MICHAEL JAMES DAVIDOVICS
Lease Agreement	None
Lease Expire Date	None
Type of Premises	Office in a residential house
Comment

Branch Information - No Information on Record

Management Overview

Organisation Chart

Level	Position	Name	Comment

1	Operations Director	MICHAEL JAMES DAVIDOVICS

Company Structure Information - No Information on Record

Note: One level up and all levels down

Key Deals - No Information on Record

Trade References

Trade Reference nr	Supplier	Contact	Surety Value	Notarial Bonds	Comment
1	CUSTOM SERVICES	0113975370

Trade References Detail

Nr	Age of Acc	Credit Limit	Max Credit	Terms	Average Purchases	Terms Taken	Comment
1	3 years	R 50000.00	R 30000	30 days	R 30 days	30 days

Adverse Information on Subject

Judgements

Judgements		NONE
Possible Judgements		NONE
Civil Court		NONE
RDs		NONE
Comment		No Information on Record
Business Rescue
Date registered	Business rescue practitioner		Contact Information	Details	Comment
	NONE		No Information on Record	No Information on Record	No Information on Record

Default Listings

Date	Details	Comment
	NONE	No Information on Record
Notarial Bonds
Date	Details	Comment
	NONE	No Information on Record

Bank information

Bank	ABSA BANK
Branch	WEMBLY
Brach Code	632005
Bank Account Number	4074839522
Type of Account	CHEQUE
Account Name	ALVESTON CONSTRUCTION CC t/a ALVESTON TRADING
Overdraft Facilities	The concern does not require overdraft facilities as credit balances are normally maintained at the bank
Bank Code	E
Bank Comment	The subject's bankers consider the amount of your enquiry to be too high

Bank Code History - No Information on Record

Previous Bank Account Informat ion - No Information on Record

Deeds Information - No information on record

Principals

Number of Principals	1
Average Age of Active Principals	47
Active Principals Principal - 1of 1 MICHAEL DAVIDOVICS
Surname	DAVIDOVICS
First Name	MICHAEL
Other Names	JAMES
Marital Status	Married
ID Number	6507285155089
Verified ID Number	No
Current Age	47
Designation	OPERATIONAL MANAGER
Status	Active
Appointment Date	2005/04/12
Physical Address (at time of Appointment)	331 AMBERGLEN 331 AMBERGLEN HOWICK 3290
Postal Address	PO BOX 13314 PIETERMARITZBURG CASCADES 3201
Current Tel Number	0333940650
Cell number	0834066483
Shareholding/Membership	100.0000

Principal's Adverse - No information on record

Business Information forM ICHAEL DAVIDOVICS

Principal Current Business Interests

Company Name	Registration No	Status	Age of Business	Judgements	Liquidation	Comment
ALVESTON CONSTRUCTION CC	B2005/041018/23	In Business	7 Years 7 Months	0	No

Principal's Previous Business Interests - No information on record

Principal's Deeds Information - No information on record

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.53.67
UK Pound	1	Rs.86.05
Euro	1	Rs.70.07

INFORMATION DETAILS

Report Prepared by :

PRL

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	ALVESTON CONSTRUCTION CC
Trading as/ Division Name	ALVESTON TRADING
Previous Name	NONE
Date of Name Change	NONE
Registration Number	B2005/041018/23
Registration Date	2005/04/12
Date Commenced Trading	APRIL 2005
Age of Business	7 Years 6 Months
History of Business	ALVESTON CONSTRUCTION CC trading as ALVESTON TRADING was established in April 2005 and operations commenced immediately.
History of Principals	MICHAEL JAMES DAVIDOVICS has been with the company since inception
Shareholders/Members/Partners of subject and % holding	100 % - MICHAEL JAMES DAVIDOVICS
Authorised Share Capital	R 100.00
Issued Share Capital/Members Contribution	R0.00
Status	In Business
Operations Assessment	The concern operates as a commodity broker
Industry/ Customers	Agricultural, Educational and Information Technology sector
Export	Yes
Export Countries	Zambia,Zimbabwe
Import	Yes
Import Countries	China, India
Major Industry Code / SICC	61102
Definition of Code	Wholesale Trade: Sales by commodity brokers
Head Office Physical Address	32 Wavell Drive, Wembly Pietermaritzburg,South Africa 3201
Head Office Postal Address	PO Box 13314, CASCADES, 3202
Current Tel Number	0333940131
Cell Number	0834066483
Current Fax Number	0862189900
Current Email Address	mick@alvestontrading.co.za
Web Site Address	None
Comments