MIRA INFORM REPORT

Report Date :

07.12.2013

IDENTIFICATION DETAILS

Correct Name :	TANYA''S AGENCIES CC

Registered Office :	14a Kramer Road Kramerville Johannesburg 2196

Country :	South Africa

Date of Incorporation :	16.07.1992

Com. Reg. No.:	1992/019311/23

Legal Form :	Private Company

Line of Business :	Finishing of purchased yarns and fabrics

No. of Employees :	02

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 :	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 – 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	TANYA'S AGENCIES CC
Country	South Africa
Enquiry Terms	30 days
Account Review	Recommended Every 6 Months
Subject Contact Person	TANYA STURGEON- OWNER
Assessment	This is a well-established business. On investigation we made contact with TANYA STURGEON the owner, who assisted with most of the required information, however declined the financial information. The subject is meeting commitments timeously with suppliers. Please see the available information on the subject below.

Auditors information

Company Registered Name	LUTRIN ASSOCIATES
Trading Name	LUTRIN
Registration Number	4806225092085(Sole Proprietor)
Physical Address	1st Floor Block B Sandhaven Office Park 12 Pangola Crescent Eastgate Extension 17 2090
Postal Address	PO Box 37172 Birnam Park2015
Contact Person	Candy Ruocchio
Contact Number	0114443590
Email	candy@lutrin.co.za
Principals	1
Subject Verified as Client	Yes
Practice Number	345
VAT Number	Unavailable
Tax Number	Unavailable
BEE Status	Unavailable
Financial Year End	February
No of years in Business	Unavailable
Website	Unavailable
Comment

Previous Auditors Information - No Information on Record

Tax information

Vat Number	4630135343
Status	ACTIVE
Vat Liable Date	1992/11/01
Tax Number	9595029845
Financial Year End	February

Black Economic Empowerment Information - No Information on Record

ISO Information - No Information on Record

Workman's compensation

Registered	Yes
Compliance Certified	Yes

Company Structure

Subsidiaries Information - No Information on Record

Employees
Number of Employees	2
1. Salaried employees	2
2. Waged employees
3. Permanent employees	2

Company Fleet Information - No Information on Record

Offices

Offices	Offices
Head Office Owned/ Rented	Leased
Rental Company	OMNI PROPERTIES
Type of Premises	Show room and warehouse
Branch Information
Branches Names	Country	Province
None
Branch Detail Information
Comment	The subject does not have branches, however it has Agents working in Cape Town and Durban...

Management Overview

Organisation Chart

Level	Position	Name	Comment

1	DIRECTOR	TANYA STURGEON

2	GENERAL MANAGER	CHLOE SNYDERS

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	Contracting Forwarding	0113922002
2	First Freight	0113877000
3	Castellano Beltrame	0437311066

Trade References Detail

Nr	Age of Acc	Credit Limit	Max Credit	Terms	Average Purchases	Terms Taken	Comment
1	10 Years	R 600000.00	R 600000	60 Days	R180000	60 Days	Good account
2	5 Years	R15000.00	R15000	30 Days	R 5000	30 Days	Good account
3	5 Years		R 30000	COD	R10000	COD	Good customer

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	SEA POINT
Brach Code	051001
Bank Account Number	071110224
Type of Account	CURRENT
Account Name	TANYA'S AGENCIES CC
Overdraft Facilities	None
Bank Code	C-For R100000
Bank Comment	The subject's bankers consider them good for all business normal engagements

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	1
Average Age of Active Principals	55
Active Principals Principal - 1 of 1 TANYA STURGEON
Surname	STURGEON
First Name	TANYA
Other Names	CARYL
Marital Status
ID Number	5810190028008
Verified ID Number	No
Current Age	55 Years 2 Months
Designation	Invalid Code
Status	Active
Appointment Date	2002/02/08
Physical Address (at time of Appointment)	11 RHODES AVENUE PARKTOWN 2193
Postal Address	P O BOX 5784 TYGERVALLEY 7536
Current Tel Number	0878087064
Cell number	0824555352
Shareholding/Membership	100.00

Principal's Adverse - No information on record

Business Information for TANYA STURGEON

Principal Current Business Interests

Company Name	Registration No	Status	Age of Business	Judgements	Liquidation	Comment
78 VICTORIA JUNCTION CC	B2008/155579/23	In Business	5 Years 5 Months	0	No
FINE ART INTERIORS CC	B1986/012445/23	AR Final Deregistration	27 Years 3 Months	0	No
TANYA''S AGENCIES CC	B1992/019311/23	In Business	21 Years 9 Months	0	No
THIRD MILLENIUM INTERIORS CC	B2000/032372/23	In Business	13 Years 1 Months	0	No

Principal Previous Business Interests

Average Age of Previous Business 10 Years

Company Name	Registration No	Status	Age of Business	Judgements	Liquidation	Comment
EXCLUSIVE GRAPHICS CC	B1989/000817/23	Deregistration Final		0	No
VICTORIA DESIGN CC	B1993/013164/23	In Business	20 Years 8 Months	0	No

Principal's Deeds Information - No information on record

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.61.67
UK Pound	1	Rs.100.65
Euro	1	Rs.84.25

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	TANYA''S AGENCIES CC
Trading as/ Division Name	T & CO.
Registration Number	1992/019311/23
Registration Date	1992/07/16
Date Commenced Trading	1992-07-16
Age of Business	21 Years 5 Months
History of Business	The business was established in 1992
History of Principals	There is 1 principle within the subject
Shareholders/Members/Partners of subject and % holding	100%- TANYA STURGEON
Status	In Business
Operations Assessment	The subjects main operation is to design and manufacture fabrics, and interior designs..
Industry/ Customers	The subjects main customers are Architects, Public and Private companies
Major Industry Code / SICC	31120
Definition of Code	Finishing of purchased yarns and fabrics
Head Office Physical Address	14A Kramer Road Kramerville JOHANNESBURG 2196
Head Office Postal Address	P O BOX 76144 Wendywoods 2144
Current Tel Number	0878087064
Cell Number	0824555352
Current Fax Number	Unavailable
Current Email Address	tanya@tandco.co.za
Web Site Address	www.tandco.co.za
Comments	Chloe Snyders is not the name of the subject, but the name of the General Manager.