MIRA INFORM REPORT

Report Date :

22.01.2013

IDENTIFICATION DETAILS

Name :	NAKHLA TOBACCO SOUTH AFRICA CC

Registered Office :	45 Wynne Street, Parow, Cape Town, 7500

Country :	South Africa

Date of Incorporation :	07.02.2002

Com. Reg. No.:	B2002/011552/23

Legal Form :	Close Corporation

Line of Business :	Retail Trade In Non-Specialised Stores With Food, Beverages And Tobacco Predominating

No. of Employees :	9

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

(31.03.2011)

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 Unemployment remains high and outdated infrastructure has constrained growth.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	NAKHLA TOBACCO SOUTH AFRICA CC
Country	South Africa
Account Review	Recommended Every 3 Months
Subject Contact Person	ELSE - Finance
Assessment	This is a well-established business. On investigation the suggested contact person, AHMAD was not available to assist with the information. ELSE in the accounts department provided the requested information however declined to assist with any financial information. The subject has been in operation for over 10 years. We were unable to compile a payment profile as the subject is not a credit seeker locally, the subject pays cash and clears their goods themselves. A bank code could not be obtained as all banking information was considered confidential. Please see the information obtained below.

Auditors Information

Company Registered Name	MOHAMMED MAYAT - 7408075140085
Trading Name	MOHAMMED MAYAT
Registration Number	Sole Proprietorship
Physical Address	69 TARONGA ROAD, CRAWFORD, HARTEBEESPOORT, 7780
Postal Address	P O BOX 2555, CLAREINCH, 7740
Contact Person	MOHAMMED MAYAT
Contact Number	0835555896
Principals	1
Judgements Against Subject	No information found on file
Judgements Against Principals	No information found on file
Practice Number	03329301
VAT Number	None
Tax Number	None
BEE Status	None
Financial Year End	Undisclosed
No of years in Business	Unknown
Website	None

Previous Auditors Information - No Information on Record

Tax Information

Vat Number	4770240820
Status	ACTIVE
Vat Liable Date	2007/09/01
Tax Number	9311293147
Financial Year End	February
Black Economic Empowerment
Status	No
BEE Certificate Available	No

ISO Information - No Information on Record

Work Mans Information - No Information on Record

Company Structure

Subsidiaries

Subsidiary Company	None
Employees
Number of Employees	9
1. Salaried employees	9
2. Waged employees
3. Permanent employees	9
4. Casual employees
5. Contracted employees
Comment

Company Fleet

Company Fleet	No of vehicles:	Ownerd/Leased	Value	Outstanding Balance
Fleet Operations
The Fleet is made up of
Comment	There are no vehicles registered in the name of the concern

Offices

Offices	Offices
Head Office Owned/ Rented	Owned
Rental Company	None
Owned by	Member
Type of Premises	Office and warehouse
Branch Information
Branches Names	Country	Province
NAKHLA TOBACCO Johannesburg Office	South Africa	Gauteng
NAKHLA-TOBACCO DURBAN Office	South Africa	KWA-ZULU NATAL
NAKHLA TOBACCO KIMBERLY Office	South Africa	Northern Cape Province
Branch Detail Information
Branches Owned/ Rented	Leased
Rental Company
Comment	Unit F1Micro Industrial AvenueNo 17- 19 Hammer AvenueRandburg, JohannesburgTel number: 011 791 2788Fax number: 011 791 5679

Branches Owned/ Rented	Leased
Comment	Shop 2Fiona Heights No 155 Moses & Kotane StreetSydenham, Durban Tel number: 031 207 4856

Branches Owned/ Rented	Leased
Rental Company
Owned by
Value
Bond
Bank
Lease Agreement
Lease Expire Date
Type of Premises
Comment	Port Elizebeth OfficeTel number: 041-4511638Toll free number: 0800 214 726

Management Overview

Company Structure (Ownership)

Note: One level up and all levels down

Holding	Company	Sub	Comment
100 % ALAA SABRA	NAKHLA TOBACCO SOUTH AFRICA CC

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

Property Interests for Company

NAKHLA TOBACCO SOUTH AFRICA CC

Title Deed No.	T17446/2008	Erf/Site No.
Deeds Office	CAPE TOWN	Physical Address	137 CLOETE PAROW PAROW
Property Type	Freehold / Ervin	Extent / Size	621.0SQM
Purchase Date	2007/09/05	Purchase price
% Ownership	0.00	Bond Holder	A B S A BANK LTD
Bond Number	B168302008	Bond Amount
Comment

Title Deed No.	T17446/2008	Erf/Site No.
Deeds Office	CAPE TOWN	Physical Address	135 CLOETE PAROW PAROW
Property Type	Freehold / Ervin	Extent / Size	496.0SQM
Purchase Date	2007/09/05	Purchase price
% Ownership	0.00	Bond Holder	A B S A BANK LTD
Bond Number	B168302008	Bond Amount
Comment

Principals

Number of Principals	1
Average Age of Active Principals	45
Active Principals Principal - 1of 1 ALAA SABRA
Surname	SABRA
First Name	ALAA
Other Names
Marital Status	Married
ID Number	6809166297083
Verified ID Number	Yes
Current Age	45
Designation
Status	Active
Appointment Date	2002/02/07
Physical Address (at time of Appointment)	5 AMANDELBOOM CRESCEN, PLATTEKLOOF, PAROW, 7500
Postal Address	UNIT F1 MICRO INDUSTRIAL PARK NO17-, RANDBURG JOHANNESBURG, 2194
Current Tel Number	0219304033
Cell number	0735322447
Shareholding/Membership	100.0000

Principal's Adverse - No information on record

Business Information forALAA SABRA

Principal Current Business Interests

Company Name	Registration No	Status	Age of Business	Judgements	Liquidation	Comment
NAKHLA TOBACCO SOUTH AFRICA CC	B2002/011552/23	In Business	11 Years 11 Months	0	No
ATLANTIC OCEAN TRADING CC	B2005/107795/23	In Business	8 Years 8 Months	0	No
SUPERIOR TRADING AND DISTRIBUTIONS CC	B2007/166207/23	In Business	6 Years 6 Months	0	No
WORLD FOCUS 2339 CC	B2009/203608/23	In Business	4 Years 4 Months	0	No
EGYPTIAN COMMUNITY IN SOUTH AFRICA	M2008/020176/08	In Business	5 Years 5 Months	0	No

Principal Previous Business Interests

Average Age of Previous Business 7 years

Company Name	Registration No	Status	Age of Business	Judgements	Liquidation	Comment
BAUDUCCO BISCUITS CC	B2005/055845/23	Deregistration Final	8 Years 8 Months	0	No
AUTUMN SKIES TRADING 377 CC	B2007/144478/23	Deregistration Final	6 Years 6 Months	0	No

Principal's Deeds Information - No information on record

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.53.87
UK Pound	1	Rs.85.53
Euro	1	Rs.71.77

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	NAKHLA TOBACCO SOUTH AFRICA CC
Trading as/ Division Name	NAKHLA TOBACCO
Previous Name	None
Date of Name Change	None
Registration Number	B2002/011552/23
Registration Date	2002/02/07
Date Commenced Trading	February 2002
Age of Business	10 Years 11 Months
History of Business	NAKHLA TOBACCO SOUTH AFRICA CC was established in February 2002 and operations commenced immediately.
History of Principals	There is currently one active member of the subject.
Shareholders/Members/Partners of subject and % holding	100 % - ALAA SABRA
Authorised Share Capital	R 100.00
Issued Share Capital/Members Contribution	R 0.00
Status	In Business
Operations Assessment	The subject is involved in the retail of molasses tobacco products, waterpipes, accessories and Swift-Lite Charcoal. The concern has distributors in other African Countries namely: 'Botswana, • Namibia, 'Mauritius, 'Swaziland, 'Mozambique
Industry/ Customers	Retail and FMCG sector
Export
Export Countries	Mauritius,Mozambique,Namibia,Swaziland
Import	Yes
Import Countries	Egypt
Major Industry Code / SICC	62110
Definition of Code	RETAIL TRADE IN NON-SPECIALISED STORES WITH FOOD,BEVERAGES AND TOBACCO PREDOMINATING
Head Office Physical Address	45 WYNNE STREET, PAROW, CAPE TOWN, 7500
Head Office Postal Address	PO Box 1012, PAROW, CAPE TOWN, 7500
Current Tel Number	0219304033
Cell Number	0735322447 / 0837670480
Current Fax Number	0219303623
Current Email Address	info@nakhla.co.za
Web Site Address	www.nakhla.co.za