MIRA INFORM REPORT

Report Date :

25.02.2013

IDENTIFICATION DETAILS

Name :	STARWATCH INVESTMENTS CC

Registered Office :	Suite 22 Second Floor, Lornegrey Medical, 280 Grey Street, Durban,4001

Country :	South Africa

Date of Incorporation :	25.01.2005

Com. Reg. No.:	B2005/007667/23

Legal Form :	Close Corporation

Line of Business :	Not Available

No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended

Status :	Undetermined
Payment Behaviour :	---
Litigation :	---

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 Unemployment remains high and outdated infrastructure has constrained growth.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	STARWATCH INVESTMENTS CC
Country	South Africa
Account Review	Recommended Every 3 Months
Subject Contact Person
Assessment	On investigation we were unable to establish contact with the subject. May you please provide additional contact information so we may re-investigate. Please see the available information on the subject below.

Auditors Information

Company Registered Name	ISMAIL TAYOB INC
Trading Name	ISMAIL TAYOB
Registration Number	M2001/017724/21
Physical Address	SUITE 22 2ND FLOOR, LORNEGREY MEDICAL CENTRE, 280 GREY STREET, DURBAN,4001
Postal Address	P O BOX 3104, DURBAN, 4000
Contact Person
Contact Number	0313095955
Email	Unavailable
Principals	2
Judgements Against Subject	None
Judgements Against Principals	None
Subject Verified as Client	No
Practice Number	954756
VAT Number	Unavailable
Tax Number	9157320145
BEE Status	Unavailable
Financial Year End	February
No of years in Business	Unknown
Website	Unavailable
Comment	No serve as auditors for the subject.

Previous Auditors Information - No Information on Record

Tax Information

Vat Number	4310247442
Status	ACTIVE
Vat Liable Date	2008/06/01
Tax Number	9062087151
Tax Clearance Expire Date
Financial Year End	February
Comment

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 KETAN DOSHI
Company Structure (Ownership) Note: One level up and all levels down
Holding	Company Sub	Comment
100 % - KETAN DOSHI	STARWATCH INVESTMENTS CC

Key Deals - No Information on Record

Trade References Information - No Information on Record

Adverse Information on Subject

Judgements - No information on record

BusinessRescue - 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	1
Average Age of Active Principals	45
Active Principals Principal - 1of 1 KETAN DOSHI
Surname	DOSHI
First Name	KETAN
Other Names
Marital Status
ID Number	6802250000000
Verified ID Number	No
Current Age	45
Designation
Status	Active
Appointment Date	2005/05/30
Physical Address (at time of Appointment)	404 KARA CENTRE, 3 BOND STREET, DURBAN, 4001
Postal Address	P O BOX 4400, DURBAN, 4000
Current Tel Number
Cell number
Shareholding/Membership	100 %

Principal's Adverse - No information on record

Business Information forKETAN DOSHI Principal's

Current Business Interests - No information on record

Principal Previous Business Interests

Average Age of Previous Business I 8 Years

Company Name	Registration No	Status	Age of Business	Judgements	Liquidation	Comment
STARWATCH INVESTMENTS CC	B2005/007667/23	In Business	8 Years 8 Months	0	No

Principal's Deeds Information - No information on record

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.54.04
UK Pound	1	Rs.81.80
Euro	1	Rs.71.41

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	STARWATCH INVESTMENTS CC
Trading as/ Division Name	Unavailable
Previous Name	Unavailable
Date of Name Change
Registration Number	B2005/007667/23
Registration Date	2005/01/25
Date Commenced Trading	2005-01 -25
Age of Business	8 Years 1 Months
History of Business	Unavailable
History of Principals	Unavailable
Shareholders/Members/Partners of subject and % holding	100 % - KETAN DOSHI
Authorised Share Capital	R 0.00
Issued Share Capital/Members Contribution	R 0.00
Status	In Business
Operations Assessment
Industry/ Customers
Export
Export Countries
Import
Import Countries
Major Industry Code / SICC	9000
Definition of Code	Other activities not adequately defined.
Head Office Physical Address	SUITE 22 SECOND FLOOR, LORNEGREY MEDICAL, 280 GREY STREET, DURBAN,4001
Head Office Postal Address	P O BOX 3104, DURBAN, 4000
Current Tel Number	Unavailable
Cell Number	Unavailable
Current Fax Number	Unavailable
Current Email Address	Unavailable
Web Site Address	Unavailable
Comments	The address provided : 404, Kara Center 3 Bond Street, DURBAN, 4001 could not be confirmed as we are unable to establish contact with the business. The registered address provided above belongs to the previous auditor.