MIRA INFORM REPORT

Report Date :

06.12.2013

IDENTIFICATION DETAILS

Name :	SOLO SADDLERS (PTY)LTD

Registered Office :	North Rand Training Centre Samrand Avenue Midrand

Country :	South Africa

Date of Incorporation :	01.12.2003

Com. Reg. No.:	2003/030417/07

Legal Form :	Private Company

Line of Business :	manufacturer of saddlery and a large range of equestrian products

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

Subject Name	SOLO SADDLERS (PTY)LTD
Country	South Africa
Enquiry Terms	30 days
Account Review	Recommended every 6 months
Subject Contact Person	JOHN STANLEY BOOTH ( Director)
Assessment	This is a well-established business. On investigation we made contact with JOHN STANLEY BOOTH ( Director) who declined to assist with the required information. Please see the available information on the subject below.

Auditors information

Company Registered Name	OCTAGON
Postal Address	PRIVATE BAG X02 HIGHLANDS NORTH 2037
Practice Number	944351
No of years in Business	7 Years 3 Months

Previous Auditors Information - No Information on Record

Tax information

Vat Number	4790210316
Status	ACTIVE
Vat Liable Date	2004/01/05
Tax Number	9449421156
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	JOHN STANLEY BOOTH	DIRECTOR

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	3
Average Age of Active Principals	45

Active Principals Principal - 1 of 3 DANA BOOTH

Surname	BOOTH
First Name	DANA
ID Number	8504090072086
Verified ID Number	Yes
Current Age	28 Years 7 Months
Designation	BUYER
Status	Active
Appointment Date	2011/05/01
Physical Address (at time of Appointment)	16 WEAVER STREET FOURWAYS 2055
Postal Address	P O BOX 1313 FOURWAYS 2055
Cell number	0788049994
Shareholding/Membership	0.00

Principal's Adverse - No information on record

Business Information for DANA BOOTH

Principal Current Business Interests

Company Name	Registration No	Status	Age of Business	Judgements	Liquidation	Comment
SOLO SADDLERS (PTY)LTD	M2003/030417/07	In Business	10 Years 10 Months	0	No

Principal's Deeds Information - No information on record

Principal - 2 of 3 HANCHA

Surname	HANCHA
ID Number	M1973012258
Verified ID Number	No
Current Age	49 Years 4 Months
Status	Active
Appointment Date	2005/09/06
Physical Address (at time of Appointment)	46 JAMES CRESCENT HALFWAY HOUSE 1685
Postal Address	P O BOX 9162 JOHANNESBURG 2000
Current Tel Number	0788049994
Shareholding/Membership	0.00

Principal's Adverse - No information on record

Business Information for HANCHA

Principal Current Business Interests

Company Name	Registration No	Status	Age of Business	Judgements	Liquidation	Comment
AFRICA OMNI DISCOVERY (PTY)LTD	M1972/010887/07	Deregistration Process	41 Years 5 Months	0	No
DE-LITE LENSES (PTY)LTD	M2005/032480/07	In Business	8 Years 8 Months	0	No
ENERGY MAX MAGALIESBURG (PTY)LTD	M2005/032558/07	In Business	8 Years 8 Months	0	No
ENERGY MAX POLOKWANE (PTY)LTD	M2005/033256/07	In Business	8 Years 8 Months	0	No
KLOPPER BEEF (PTY)LTD	M2005/035615/07	In Business	8 Years 8 Months	0	No
OLCO HARDWARE (PTY)LTD	M1976/003705/07	Conversion CO/CC or CC/CO	37 Years 1 Months	0	No
ORANGE AUTO (PTY)LTD	M2005/034773/07	In Business	8 Years 8 Months	0	No
ORANGE TRUCK RENTAL (PTY)LTD	M2005/032919/07	In Business	8 Years 8 Months	1	No
RICHLAND TRADING 026 (PTY)LTD	M2005/035952/07	In Business	8 Years 8 Months	0	No
RICHLAND TRADING 031 (PTY)LTD	M2005/034189/07	In Business	8 Years 8 Months	0	No
RICHLAND TRADING 032 (PTY)LTD	M2005/033070/07	In Business	8 Years 8 Months	0	No
RICHLAND TRADING 038 (PTY)LTD	M2005/033588/07	In Business	8 Years 8 Months	0	No
SOLO SADDLERS (PTY)LTD	M2003/030417/07	In Business	10 Years 10 Months	0	No
SOUTH AFRICAN WOMEN IN CONSTRUCTION	2004/019152/08	In Business	9 Years 9 Months	0	No

Principal Previous Business Interests

Average Age of Previous Business 15 Years

Company Name	Registration No	Status	Age of Business		Judgements	Liquidation		Comment
BLITZ FUEL (PTY)LTD	M2005/032456/07	In Business	8 Years 8 Months		0	No
BRUGMANS INC	M1978/000192/21	In Business		35 Years 11 Months	0		No
CHERRY CREEK TRADING 201 (PTY)LTD	M2003/015846/07	Voluntary Liquidation		10 Years 10 Months	0		Yes
FREEFALL TRADING 26 (PTY)LTD	M2002/005877/07	Voluntary Liquidation		11 Years 11 Months	2		Yes
GBC TELEVISION S A (PTY)LTD	M2001/021823/07	Deregistration Final			0		No
KATLEGO MANUFACTURING (PTY)LTD	M2000/008512/07	Deregistration Final		13 Years 1 Months	0		No
KYALAMI REAL ESTATE (PTY)LTD	M1981/012574/07	Deregistration Final		32 Years 8 Months	0		No
LOCHNER PARK (PTY)LTD	M1989/002630/07	Deregistration Final			0		No
MEDICAL E D I SERVICES (PTY)LTD	M1991/005278/07	In Business		22 Years 10 Months	0		No
OZONDJE INVESTMENTS (PTY)LTD	M2000/015238/07	Deregistration Final		13 Years 1 Months	0		No
PERT PROJECTS (PTY)LTD	M1990/007075/07	Deregistration Final		23 Years 11 Months	0		No
RICHLAND TRADING 035 (PTY)LTD	M2005/032593/07	Deregistration Final		8 Years 8 Months	0		No
RICHLAND TRADING 039 (PTY)LTD	M2005/033037/07	Deregistration Final		8 Years 8 Months	0		No
SCANNER TRADING (PTY)LTD	M1998/008034/07	Deregistration Final		15 Years 3 Months	0		No
SLIM JIM SANDTON (PTY)LTD	M1981/004409/07	Deregistration Final		32 Years 8 Months	0		No
STAND 10 PORTION 2 YEOVILLE (PTY)LTD	M1990/007316/07	Deregistration Final		23 Years 11 Months	0		No
SWISS PRINT (PTY)LTD	M1998/018792/07	Deregistration Final		15 Years 3 Months	0		No
TRAINING FORCE R S A (PTY)LTD	M1978/005105/07	Deregistration Final		35 Years 11 Months	0		No
WAVELENGTHS 5 (PTY)LTD	M2001/020980/07	Deregistration Final			0		No

Principal's Deeds Information - No information on record

Principal - 3 of 3 JOHN BOOTH

Surname	BOOTH
First Name	JOHN
Other Names	STANLEY
Marital Status
ID Number	5307165082086
Verified ID Number	Yes
Current Age	60 Years 4 Months
Designation	BUSINESSMAN
Status	Active
Appointment Date	2003/12/01
Physical Address (at time of Appointment)	16 WEAVER STREET FOURWAYS 2086
Postal Address	P O BOX 57282 SPRINGFIELD 2137
Current Tel Number	0114679470
Cell number	0788049994
Shareholding/Membership	0.00

Principal's Adverse - No information on record

Business Information for JOHN BOOTH

Principal Current Business Interests

Company Name	Registration No	Status	Age of Business	Judgements	Liquidation	Comment
SADDLERS WELLS CC	B2003/104459/23	In Business	10 Years 10 Months	0	No
SOLO SADDLERS (PTY)LTD	M2003/030417/07	In Business	10 Years 10 Months	0	No

Principal Previous Business Interests

Average Age of Previous Business 4 Years

Company Name	Registration No	Status	Age of Business	Judgements	Liquidation	Comment
TRIDENT SADDLERY (PTY)LTD	M1965/006811/07	In Business		0	No
ZAMOTH TRADING CC	B2004/039694/23	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.61.69
UK Pound	1	Rs.101.08
Euro	1	Rs.84.07

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	SOLO SADDLERS (PTY)LTD
Registration Number	2003/030417/07
Registration Date	2003/12/01
Date Commenced Trading	2003-12-01
Age of Business	9 Years 11 Months
History of Business	The subject was established in 2003
History of Principals	There are 3 principles within the subject
Shareholders/Members/Partners of subject and % holding	Unavailable
Status	In Business
Operations Assessment	The subjects main operation is to manufacture saddlery and a large range of equestrian products
Industry/ Customers	All disciplines
Major Industry Code / SICC	31629
Definition of Code	Manufacture of other general goods of leather & substitutes & saddlery
Head Office Physical Address	North Rand Training Centre Samrand Avenue Midrand
Head Office Postal Address	PRIVATE BAG X02 HIGHLANDS NORTHJOHANNESBURG 2037
Current Tel Number	0788049994
Current Fax Number	0865505398
Current Email Address	orders@solosaddlers.co.za
Web Site Address	www.solosaddlers.co.za

MIRA INFORM REPORT

Company information

Auditors information

Tax information

Company Structure

Management Overview

Adverse Information on Subject

Principals

Unit