MIRA INFORM REPORT

Report Date :

07.02.2013

IDENTIFICATION DETAILS

Name :	RALEIGH TRADING (PTY)LTD

Registered Office :	198-204 Stamford Road, Ground Floor, Juvensha House, Greyville, Durban

Country :	South Africa

Date of Incorporation :	18.07.1994

Com. Reg. No.:	M1994/005247/07

Legal Form :	Private Company

Line of Business :	Retail trade in ladies' and girls' clothing

No. of Employees :	Not Available

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 Unemployment remains high and outdated infrastructure has constrained growth.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	RALEIGH TRADING (PTY)LTD
Country	South Africa
Subject Contact Person	DHIRENDRA SHARMA - Director
Assessment	This is an established business. On investigation contact was made with the Director MR. DHIRENDRA SHARMA who declined to assist with any information on the subject. MR. SHARMA requested to know the name of the principal enquirer before he may divulge any information on the subject. Please see the available information on the subject below.

Auditors Information

Company Registered Name	DESAI JADWATT INCORPORATED
Trading Name	DESAI
Registration Number	M1995/002083/21
Physical Address	1ST FLOOR, KENILWORTH PARK, 202 BRICKFIELD ROAD, OVERPORT, 4067
Postal Address	P.O. BOX 4969, DURBAN,4000
Contact Person	MOHAMMED
Contact Number	0312177707
Principals	5
Subject Verified as Client	Yes
Practice Number	914991E
VAT Number	4340151390
Tax Number	9063513205
Financial Year End	February
No of years in Business	18

Previous Auditors

Company Name	Phone Number	Time with previous auditors	Comment
DESAI JADWAT SALAJEE		19

Tax Information

Vat Number	4020145514
Status	ACTIVE
Vat Liable Date	1994/08/01
Tax Number	9244125200
Tax Clearance Expire Date
Financial Year End	February
Comment

Black Economic Empowerment Information - No Information on Record

ISO Information - No Information on Record

Workman's compensation

Registered	Yes
Compliance Certified	Yes
Comment

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

Organisational Chart - No Information on Record

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

BusinessRescue - No Information on Record

Judgements - 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	49
Active Principals Principal - 1of 2 DHIRENDRA SHARMA
Surname	SHARMA
First Name	DHIRENDRA
Other Names	None
Marital Status
ID Number	E8004383
Verified ID Number	No
Current Age	38
Designation	BUSINESSMAN
Status	Active
Appointment Date	2007/10/31
Physical Address (at time of Appointment)	1405 YARNINGDALE, 199 MARINE PARADE, DURBAN, 4001
Postal Address	P 0 BOX 47252, GREYVILLE, 4023
Current Tel Number	0313037171
Cell number
Shareholding/Membership	0.0000

Principal's Adverse - No information on record

Business Information forDHIRENDRA SHARMA

Principal Current Business Interests

Company Name	Registration No	Status	Age of Business	Judgements	Liquidation	Comment
RALEIGH TRADING (PTY) LTD	M1994/005247/07		19 Years 7 Months	0	No

Principal's Previous Business Interests - No information on record

Principal's Deeds Information - No information on record

Principal - 2of 2 RADHEY SHARMA
Surname	SHARMA
First Name	RADHEY
Other Names	SHYAM
Marital Status
ID Number	5208280000000
Verified ID Number	No
Current Age	61
Designation	Director
Status	Active
Appointment Date	1994/07/27
Physical Address (at time of Appointment)	46 SAN REMO, 127 SNELL PARADE, NORTH BEACH, 4001
Postal Address	P.O. BOX 47252, GREYVILLE, 4023
Current Tel Number	0313037171
Cell number
Shareholding/Membership	0.0000

Principal's Adverse - No information on record

Business Information forRADHEY SHARMA

Principal Current Business Interests

Company Name	Registration No	Status	Age of Business	Judgements	Liquidation	Comment
RALEIGH TRADING (PTY) LTD	M1994/005247/07		19 Years 7 Months	0	No

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.53.08
UK Pound	1	Rs.83.11
Euro	1	Rs.72.01

INFORMATION DETAILS

Report Prepared by :

SDA

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	RALEIGH TRADING (PTY)LTD
Trading as/ Division Name	RALEIGH TRADING
Registration Number	M1994/005247/07
Registration Date	1994/07/18
Date Commenced Trading	1994-07-18
Age of Business	18 Years 7 Months
History of Business	The subject was established as a new business in 1994.
History of Principals	There are currently 2 active directors within the company.
Shareholders/Members/Partners of subject and % holding	Unavailable
Authorised Share Capital	R0.00
Issued Share Capital/Members Contribution	R0.00
Status	In Business
Operations Assessment	The subject wholesales Womans clothing.
Industry/ Customers	The public and other retail stores
Export	None
Import	Yes
Major Industry Code / SICC	62322
Definition of Code	Retail trade in ladies' and girls' clothing
Head Office Physical Address	198-204 Stamford Road, Ground Floor, Juvensha House, Greyville, Durban
Head Office Postal Address	P 0 BOX 47252, GREYVILLE, 4023
Current Tel Number	0313037171
Current Fax Number	0313037184