MIRA INFORM REPORT

Report Date :

23.07.2013

IDENTIFICATION DETAILS

Name :	SASSABI MARKETING CC

Registered Office :	No.3, Sassabi Place, Linden, 2195

Country :	South Africa

Date of Incorporation :	11.07.2000

Com. Reg. No.:	B2000/038785/23

Legal Form :	Closed Corporation

Line of Business :	Not Available

No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
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

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 – 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	SASSABI AAARKETING
Country	South Africa
Subject Contact Person	Unavailable
Assessment	On investigation all attempts made to contact the subject proved to be unsuccessful. We have been unable to contact the available number, 0118884303, as it remains unanswered and rings to a fax machine. A message has been left on the cellular number 0824542052, to date no reply has been received. Attempts to find further contact information have been unsuccessful. Should your client be able to provide us with any further information that may assist with contacting the subject, please advise soonest. Further investigations will then be instituted. At present we do not possess sufficient information to compile an assessment.

Auditors information

Company Registered Name	W.K.H. LANDGREBE (CA) SA AND COMPANY
Trading Name	WKH LANDGREBE & CO
Registration Number	2012/047639/21
Physical Address	SUITE 7, DENAVO HOUSE, 15 YORK STR(CNR KING), KENSINGTON B, RANDBURG
Postal Address	P.O. BOX 3665, RANDBURG, 2125
Contact Person	Unavailable
Contact Number	0118861238 / 9
Email	wkhland@global.co.za
Principals	1
Judgements Against Subject	No information found on file
Judgements Against Principals	No information found on file
Subject Verified as Client	Yes
Practice Number	925276E
VAT Number	Unavailable
Tax Number	Unavailable
BEE Status	Unavailable
Financial Year End	February
No of years in Business	1 Year
Website	www.wkh.co.za

Previous Auditors Information - No Information on Record

Tax information

Vat Number	4050199498
Status	ACTIVE
Vat Liable Date	2002/04/01
Tax Number	9028068147
Tax Clearance Expire Date
Financial Year End	February

Black Economic Empowerment

Status
Score
Expire Date
BEE Certificate Available
Comment	The BEE Status of the company could not be confirmed

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	CAROLYN JOS SCOTT LIEBENBERG

1	MEMBER	DEREK LIEBENBERG

Company Structure (Ownership)

Note: One level up and all levels down

Holding	Company	Sub	Comment
50 % - CAROLYN JOS SCOTT LIEBENBERG	SASSABI MARKETING CC
50 % - DEREK LIEBENBERG	SASSABI MARKETING

Key Deals - No Information on Record

Trade References Information - No Information on Record

Adverse Information on Subject

Judgements

Judgements	None
Possible Judgements	None
Civil Court	0
RDs	0
Comment	No Information on Record

Business Rescue

Date registered	Business rescue practitioner	Contact Information	Details	Comment
	There is no information found	No Information on Record	No Information on	No Information on
	on file		Record	Record

Default Listings

Date	Details	Comment
	There is no information found on file	No Information on Record
Notarial Bonds
Date	Details	Comment
	There is no information found on file	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	54

Active Principals Principal - 1of 2 DEREK LIEBENBERG

Surname	LIEBENBERG
First Name	DEREK
Other Names	None
Marital Status	Married
ID Number	6002285053088
Verified ID Number	Yes
Current Age	53 Years 5 Months
Designation	MEMBER
Status	Active
Appointment Date	2012/02/10
Physical Address (at time of Appointment)	NO 3 SASSABI PLACE, LINDEN 2195, 2195
Postal Address	NO 3 SASSABI PLACE, LINDEN 2195, 2195
Current Tel Number	0118884303
Cell number	0824542052
Shareholding/Membership	50%

Principal's Adverse - No information on record

Business Information for DEREK LIEBENBERG

Principal Current Business Interests

Company Name	Registration No	Status	Age of Business	Judgements	Liquidation	Comment
SASSABI AAARKETING CC	B2000/038785/23	In Business	13 Years 1 Months	0	No

Principal Previous Business Interests

Average Age of Previous Business 0 Years

Company Name	Registration No	Status	Age of Business	Judgements	Liquidation	Comment
SIYAGUNYA DISTRIBUTORS (PTY) LTD	M1965/002219/07	Deregistration Final		0	No

Principal's Deeds Information - No information on record

Principal - 2of 2 CAROLYN LIEBENGERG

Surname	LIEBENGERG
First Name	CAROLYN
Other Names	JOS SCOTT
Marital Status	Married
ID Number	5806240086087
Verified ID Number	Yes
Current Age	55 Years 1 Months
Designation	MEMBER
Status	Active
Appointment Date	2001/01/29
Physical Address (at time of Appointment)	NUMBER 3, SASSABI PLACE, LINDEN, 2195
Postal Address	NUMBER 3, SASSABI PLACE, LINDEN, 2195
Current Tel Number	0117847565
Cell number	0828633375
Shareholding/Membership	50%

Principal's Adverse - No information on record

Business Information for CAROLYN LIEBENGERG

Principal Current Business Interests

Company Name	Registration No	Status	Age of Business	Judgements	Liquidation	Comment
INTRA IMPORTERS AND EXPORTERS CC	B1989/013823/23	Conversion CO/CC or CC/CO	23 Years	0	No
SASSABI MARKETING CC	B2000/038785/23	In Business	13 Years 1 Months	0	No

Principal's Deeds Information - No information on record

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.59.41
UK Pound	1	Rs.90.74
Euro	1	Rs.78.11

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	SASSABI MARKETING CC
Trading as/ Division Name	Unknown
Previous Name	Unknown
Date of Name Change	2001-02-21
Registration Number	B2000/038785/23
Registration Date	2000/07/11
Date Commenced Trading	2000-07-11
Age of Business	13 Years
History of Business	SASSABI MARKETING CC was registered in July 2000 and underwent a name from an unknown name in February 2001 to the current name.
History of Principals	There are two active members.
Shareholders/Members/Partners of subject and % holding	50 % - CAROLYN JOS SCOTT LIEBENBERG, 50 % - DEREK LIEBENBERG
Authorised Share Capital	R0.00
Issued Share Capital/Members Contribution	R0.00
Status	In Business
Operations Assessment	The operations of the company could not be confirmed
Industry/ Customers	The industry sector of the company could not be confirmed
Export	Unknown
Import	Unknown
Major Industry Code / SICC	9000
Definition of Code	Other activities not adequately defined.
Head Office Physical Address	NO.3, SASSABI PLACE, LINDEN, 2195
Head Office Postal Address	P O BOX 3665, RANDBURG, GAUTENG, 2125
Current Tel Number	0118884303
Cell Number	0824542052
Current Fax Number	0118884303
Current Email Address	Unknown
Web Site Address	Unknown