MIRA INFORM REPORT

Report Date :

06.12.2013

IDENTIFICATION DETAILS

Name :	ISFAHAN CC

Registered Office :	63 Strant Street City Centrecape Town 8001

Country :	South Africa

Year of Establishments:	2010

Com. Reg. No.:	2010/131008/23

Legal Form :	Private Company

Line of Business :	Manufacturer of carpets, rugs and mats

No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

RATING		TATUS	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 – September 30th, 2013

Country Name

Previous Rating

(30.06.2013)

Current Rating

(30.09.2013)

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 and a stock exchange that is the 15th largest in the world. Even though the country possesses modern infrastructure that support a relatively efficient distribution of goods to major urban centers throughout the region, some components retard growth. The economy began to slow in the second half of 2007 due to an electricity crisis. 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. Subsequently, the global financial crisis reduced commodity prices and world demand. GDP fell nearly 2% in 2009 but has recovered since then. Unemployment, poverty, and inequality remain a challenge, with official unemployment at nearly 25% of the work force. State power supplier Eskom has built two new power stations and installed new power demand management programs to improve power grid reliability. South Africa's economic policy has focused on controlling inflation, however, the country has had significant budget deficits that restrict its ability to deal with pressing economic problems. The current government faces 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

Company name and adress

Subject Name	ISFAHAN CC
Country	South Africa
Enquiry Terms	30 days
Account Review	Recommended Every 6 Months
Subject Contact Person	YAGHOUB SHAMOON ABDOLNABI (MEMBER)
Assessment	This is a new business. On investigation we made contact with YAGHOUB SHAMOON ABDOLNABI (MEMBER), who declined to assist with any information whatsoever. Please see the available information on the subject below. It seems like CIPC has duplicated the members name however no changes can be made without the company assisting. In view of the infancy of the concern we cannot recommend credit dealings.

Auditors information

Company Registered Name	ZURNAMER & ASSOCIATES
Trading Name	ZURNAMER
Registration Number	ID no: 7412105133086
Physical Address	P O BOX 244 WEST COAST VILLAGE 7435
Postal Address	UNIT 7NO 8 RAATS DRIVETABLEVIEW7441
Contact Person	ANDREW BARRY ZURNAMER
Contact Number	0215571070
Email	zurnamer@lycos.com
Practice Number	761109
No of years in Business	5 Years 11 Months

Previous Auditors Information - No Information on Record

Tax information

Vat Number	4790107660
Status	ACTIVE
Vat Liable Date	1991/09/30
Tax Number	9400132032
Financial Year End	February

Black Economic Empowerment Information - No Information on Record

ISO Information - No Information on Record

Work Mans Information - No Information on Record

Company Structure

Subsidiaries Information - No Information on Record

Employees Information - No Information on Record

Company Fleet Information - No Information on Record

Offices Information - No Information on Record

Branch Information - No Information on Record

Management Overview

Organisation Chart

Level	Position	Name	Comment

1	Member	YAGHOUB SHAMOON ABDOLNABI

1	Director	JACK (YAGHOUB) SHAMOON ABDOLNABI

Company Structure Information - No Information on Record

Note: One level up and all levels down

Key Deals - No Information on Record

Trade References Information - No Information on Record

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 - No Information on Record

Bank Code History - No Information on Record

Previous Bank Account Information - No Information on Record

Deeds Information - No information on record

Principals

Number of Principals	2
Average Age of Active Principals	68

Active Principals Principal - 1 of 2 YAGHOUB SHAMOON ABDOLNABI

Surname	SHAMOON ABDOLNABI
First Name	YAGHOUB
Other Names	None
Marital Status
ID Number	4504165144087
Verified ID Number	Yes
Current Age	68 Years 7 Months
Designation	Member
Status	Active
Appointment Date	2010/09/21
Physical Address (at time of Appointment)	63 Strant StreetCity CentreCAPE TOWN8001
Postal Address	P O BOX 6013ROGGEBAAI 8012
Current Tel Number	0214265788
Shareholding/Membership	100.00

Principal's Adverse - No information on record

Business Information for YAGHOUB SHAMOON ABDOLNABI

Principal Current Business Interests

Company Name	Registration No	Status	Age of Business	Judgements	Liquidation	Comment
ALEXANDER JOLES (PTY)LTD	M2000/005519/07	Conversion CO/CC or CC/CO	13 Years 1 Months	0	No
ISFAHAN (PTY)LTD	M1967/002330/07	Conversion CO/CC or CC/CO	46 Years 10 Months	0	No
PERSIAN CARPET IMPORT CENTRE (PTY)LTD	M1972/007327/07	In Business	41 Years 5 Months	0	No

Principal Previous Business Interests

Average Age of Previous Business 31 Years

Company Name	Registration No	Status	Age of Business	Judgements	Liquidation	Comment
PERSIAN CARPET ADVISORY BUREAU (PTY)LTD	M1982/003222/07	Deregistration Final	31 Years 7 Months	0	No

Principal's Deeds Information - No information on record

Principal - 2 of 2 YAGHOUB SHAMOON ABDOLNABI

Surname	SHAMOON ABDOLNABI
First Name	YAGHOUB
Other Names	JACK
Marital Status
ID Number	450516
Verified ID Number	No
Current Age	68 Years 6 Months
Designation	Director
Status	Active
Appointment Date	1969/01/10
Physical Address (at time of Appointment)	63 Strant StreetCity CentreCAPE TOWN8001
Postal Address	PO BOX 6013,ROGGEBAAI8012
Current Tel Number	0214265788
Shareholding/Membership	0.00

Principal's Adverse - No information on record

Business Information for YAGHOUB SHAMOON ABDOLNABI

Principal Current Business Interests

Company Name	Registration No	Status	Age of Business	Judgements	Liquidation	Comment
ISFAHAN (PTY)LTD	M1967/002330/07	Conversion CO/CC or CC/CO	46 Years 10 Months	0	No

Principal's Deeds Information - No information on record

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.61.69
UK Pound	1	Rs.101.08
Euro	1	Rs.84.07

INFORMATION DETAILS

Report Prepared by :

NIS

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	ISFAHAN CC
Previous Name	None
Date of Name Change	None
Registration Number	2010/131008/23
History of Business	The subject was established in 2010
History of Principals	There are 2 principles within the subject
Shareholders/Members/Partners of subject and % holding	100%-YAGHOUB SHAMOON ABDOLNABI
Status	Active
Operations Assessment	The subjects main operation is to manufacture carpets
Industry/ Customers	General Public
Export	None
Import	Yes
Import Countries	Afghanistan
Major Industry Code / SICC	31220
Definition of Code	Manufacture of carpets, rugs and mats
Head Office Physical Address	63 Strant StreetCity CentreCAPE TOWN8001
Head Office Postal Address	P O BOX 6013ROGGERBAAI8012
Current Tel Number	0214265788
Current Fax Number	0214265803
Current Email Address	m@aziz.co.za
Web Site Address	www.alexanderjoles.co.za