MIRA INFORM REPORT

Report Date :

01.07.2013

IDENTIFICATION DETAILS

Name :	AH GROCERS CC

Registered Office :	67 Williams Road, Conge .La

Country :	South Africa

Date of Incorporation :	14.05.2003

Com. Reg. No.:	B2003/036896/23

Legal Form :	Closed Corporation

Line of Business :	The Subject is involved in the import and wholesale of spices, grain and rice to retailers.

No. of Employees :	120

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Status :	Satisfactory
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 – March, 31^st,2013

Country Name

Previous Rating

(31.12.2012)

Current Rating

(31.03.2013)

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	AH GROCERS CC
Country	South Africa
Assessment	This is a well-established family business. On investigation contact vas made with ZAKIR the Financial Manager of the business. The company has been in operation for 10 Years 1 Months. No adverse information was revealed during the investigation. The : ubject imports majority of its stock, but does meet its one local commitment timeously. We ai 2 awaiting banking information. Please see the information obtained below.

Auditors Information

Company Registered Name	YOUSUFF MOOSA
Trading Name	None
Registration Number	SOLE PROPRIETOR
Physical Address	Unavailable
Postal Address	P 0 BOX 48155, QULABERT, 4078
Contact Person	Unavailable
Contact Number	Unavailable
Email	Unavailable
Principals	1
Judgements Against Subject	Unconfirmed
Judgements Against Principals	Unconfirmed
Subject Verified as Client
Practice Number	1270
VAT Number	Unavailable
Tax Number	Unavailable
BEE Status	Unavailable
Financial Year End	Unavailable
No of years in Business	Unavailable
Website	Unavailable
Comment

Previous Auditors Information - No Information on Record

Tax Information

Vat Number	4320207584
Status	ACTIVE
Vat Liable Date	2003/06/01
Tax Number	9447365157
Tax Clearance Expire Date
Financial Year End	\| February
Comment \|
Black Economic Empowerment
Status	\|No
Score
Expire Date
BEE Certificate Available	\|No
Comment

ISO Information - No Information on Record

Work Mans Information - No Information on Record

Company Structure

Subsidiaries Information - No Information on Record

Employees

Number of Employees	120
1. Salaried employees	120
2. Waged employees
3. Permanent employees
4. Casual employees
5. Contracted employees
Comment	\|The staff breakdown was not made available
Company Fleet
Company Fleet	\|No of vehicles: \|Ownerd/ Leased	\|Value (Outstanding Balance
Fleet Operations
The Fleet is made up of	\|	10
Comment
Trucks	9 Owned
Light delivery Vehicles	1 Owned

Branch Information - No Information on Record

Management Overview

Organisation Chart

Level | Position | Name | Comment

1 I MEMBER I ABDUL HUCK BADAT |

1 I MEMBER I MARIAM BIBI BADAT |

1 I MEMBER I MUHAMMAD BADAT |

1 I MEMBER I AHMED BADAT I

Company Structure (Ownership)

Note: One level up and all levels down

Holding	Company	Sub	Comment
30 % - ABDUL BADAT	AH GROCERS CC
30 % - MARIAM BADAT	AH GROCERS CC
20 % - MUHAMMAD BADAT	AH GROCERS CC
20 % - AHMED SALEEM BADAT	AH GROCERS CC

Key Deals - No Information on Record

Trade References

Trade Reference nr		Supplier	\|	Contact	Surety Value	Notarial I onds		Comment
1		WILLOWTON OIL 033 3557800			R0.00	0
Trade References Detail
Nr	Age of Acc	Credit Limit	Max Credit	Terms	Average Purchases	Terms Take n		Comment
1	10 YEARS	R1000000.00	R 500000	30 DAYS	R 500000	30 DAYS	Good account

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

Principals
Number of Principals	4
Average Age of Active Principals	54
	Active Principals
	Principal - 1of 4
	AHMED BADAT
Surname	BADAT
First Name	AHMED
Other Names	SALEEM
Marital Status	Married
ID Number	7506305088089
Verified ID Number	Yes
Current Age	38 Years
Designation	MEMBER
Status	Active
Appointment Date	2003/05/14
Physical Address (at time of	5 GROOM STREET, VERULAM, 4340
Appointment)
Postal Address	86A VICTORIA STREET, DURBAN, 4001
Current Tel Number	0313061804
Cell number	0842519219
Shareholding/Membership	20%

Business Information forAHMED BADAT

Principal Current Business Interests

Company Name	Registration No	Status	Age of Business	Judgements Liquidation	Comment
AH GROCERS CC	B2003/036896/23	In Business	10 Years 10 Months	0 Mo
LIGHTWEIGHT TRADING CC	B2002/077521/23	In Business	11 Years 11 Months	0 Mo

Principal's Previous Business Interests - No information on record

Principal's Deeds Information - No information on

Principal - 2of 4

MUHAMMAD BADAT

Surname	BADAT
First Name	MUHAMMAD
Other Names	NONE
Marital Status	Married
ID Number	7112095182081
Verified ID Number	Yes
Current Age	41 Years 6 Months
Designation	MEMBER
Status	Active
Appointment Date	2003/05/14
Physical Address (at time of	5 GROOM STREET, VERULAM, 4340
Appointment)
Postal Address	86A VICTORIA STREET, DURBAN, 4001
Current Tel Number	0313056010
Cell number	0782393284
Shareholding/Membership	20%

Business Information forMUHAMMAD BADAT Principal Current Business Interests

Company Name	Registration No	Status	Age of Business	Judgements Liquidation		Comment
AH GROCERS CC	B2003/036896/23	In Business	10 Years 10 Months	0
LIGHTWEIGHT TRADING CC	B2002/077521/23	In Business	11 Years 11 Months	0	Ho

Principal's Previous Business Interests - No information on re :ord

Principal's Deeds Information - No information on record

	Principal - 4of 4
	ABDUL BADAT
Surname	BADAT
First Name	ABDUL
Other Names	HUCK
Marital Status	Married
ID Number	4310035106086
Verified ID Number	Yes
Current Age	69 Years 8 Months
Designation
Status	Active
Appointment Date	2003/05/14
Physical Address (at time of	5 GROOM STREET, VERULAM, 4340
Appointment)
Postal Address	5 GROOM STREET, VERULAM, 4340
Current Tel Number
Cell number
Shareholding/Membership	30%

Business Information forABDUL BADAT

Principal Current Business Interests

Company Name	Registration No	Status	Age of Business	Judgements	Liquidation	Comment
AH GROCERS CC	B2003/036896/23	In Business	10 Years 10 Months	0	Mo

Principal's Previous Business Interests - No information on record

Principal's Deeds Information - No information on record

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.59.70
UK Pound	1	Rs.91.14
Euro	1	Rs.77.97

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	AH GROCERS CC
Trading as/ Division Name	AH CASH AND CARRY
Previous Name	None
Date of Name Change	None
Registration Number	B2003/036896/23
Registration Date	2003/05/14
Date Commenced Trading	2003-05-14
Age of Business	10 Years 1 Months
History of Business	AH GROCERS CC trading as AH CASH AND CARRY was regsistered in May 2005 ami operations commenced immediately.
History of Principals	There are four active men bers
Shareholders/Members/Partners of subject and % holding	30 % - ABDUL BADAT, 30 % • MARIAM BADAT, 20 % -MUHAMMAD BADAT, 20 % - MMED SALEEM BADAT
Authorised Share Capital	R1000.00
Issued Share Capital/Members Contribution	R1000.00
Status	In Business
Operations Assessment	The company is involved ir the import and wholesale of spices, grain and rice to retailers.
Industry/ Customers	Retail industry
Export	Unknown
Import	Yes
Import Countries	India
Major Industry Code / SICC	61221
Definition of Code	Wholesale trade in foodstu fs
Head Office Physical Address	67 WILLIAMS ROAD, CONGE .LA
Head Office Postal Address	P O Box 49389 , QUALBERT 4078
Current Tel Number	0313061831
Cell Number	0837862971
Current Fax Number	0313054835
Current Email Address	ahg@eastcoast.co.za
Web Site Address	None
Comments	The company has two branc hes in Durban with the following physical addresse:: A) 81-83 Victoria Street, DURBAN,4001, B) 99 Willian s Road, Durban, 4001

Company Information