MIRA INFORM REPORT

Report Date :

12.06.2013

IDENTIFICATION DETAILS

Name :	AXIS HOUSE (PTY)LTD

Formerly Known As :	CHOICE DECISIONS (PTY)LTD

Registered Office :	The Board Walk, Corner Oxford and Victoria Avenue, Hout Bay

Country :	South Africa

Date of Incorporation :	24.04.2001

Com. Reg. No.:	M2001/009285/07

Legal Form :	Private Company

Line of Business :	Manufacturer of basic chemicals, except fertilizers and nitrogen compounds

No. of Employees :	60

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	AXIS HOUSE (PTY)LTD
Country	South Africa
Subject Contact Person	HEATHER - ACCOUNTS
Assessment	On investigation contact was made with HEATHER the accountant of the company. The subject has been in business for 12 Years 2 Months. No adverse information was revealed during the investigation. Commitments are met timeously with suppliers, however references were not made available. A bank code could not be obtained as the bank account number was not made available. Please see the information obtained below.

Auditors information

Company Registered Name	ABRAMO WITZ SCHULENKOWSKI AND ASSOCIATES
Trading Name	None
Registration Number	None
Physical Address	16 Nkuru Road, Sunninghill Park, Sandton, 2199
Postal Address	P 0 BOX 1009, MORNINGSIDE, 2057
Contact Number	0114630417
Email	asa@icon.co.za
Principals	1
Judgements Against Subject	No information found on file
Judgements Against Principals	No information found on file
Practice Number	963933
VAT Number	Undisclosed
Tax Number	Undisclosed
BEE Status	Undisclosed
Financial Year End	Undisclosed
No of years in Business	Unknown
Website	None

Previous Auditors Information - No Information on Record

Tax Information

Vat Number	4090195829
Status	ACTIVE
Vat Liable Date	2001/10/11
Tax Number	9214272149
Financial Year End	February

Black Economic Empowerment

Status	No
BEE Certificate Available	No
Comment	The subject is not BEE compliant

ISO Status

Type of ISO Grade	ISO 14001:2004
ISO Certificate	Yes
ISO Certificate Available	No
Certified by an Accredited Agent	Yes

Type of ISO Grade	ISO 9001:2008
ISO Certificate	Yes
ISO Certificate Available	No
Certified by an Accredited Agent	Yes

Workman's compensation

Registered	Yes
Compliance Certified	Yes

Company Structure

Subsidiaries Information - No Information on Record

Employees
Number of Employees	60
1. Salaried employees	60
2. Waged employees	0
3. Permanent employees	60
4. Casual employees	0
5. Contracted employees	0
Comment
Company Fleet
Company Fleet	No of vehicles:	Owned/Leased	Value	Outstanding Balance
Fleet Operations
The Fleet is made up of
Comment
Light delivery Vehicles		Leased

Offices Information - No Information on Record

Branch Information - No Information on Record

Management Overview

Organisation Chart

Level	Position	Name	Comment

1	AAANAGING DIRECTOR	TREVOR MCLEAN-ANDERSON

2	GROUP GENERAL MANAGER	JUSTINE STUBBS

3	TRADING MANAGER	KIM WALMSLEY-CROWN

Company Structure (Ownership)

Note: One level up and all levels down

Holding	Company	Sub	Comment
100 % - TREVOR MC LEAN-ANDERSON	AXIS HOUSE (PTY) LTD

Key Deals - No Information on Record

Trade References

Trade Reference nr	Supplier	Contact	Surety Value	Notarial Bonds	Comment
1	INDUSTRIAL OLEOCHEMICAL PRODUCTS (PTY) LTD	0314618680
2	CHC RESOURCES	0115524600

Trade References Detail

Nr	Age of Acc	Credit Limit	Max Credit	Terms	Average Purchases	Terms Taken	Comment
1							Against company policy to provide references. It was however stated that the subject is meeting commitments on time.
2							Against company policy to provide references. It was however stated that the subject is meeting commitments on time.

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 on file	No Information on Record	No Information on Record	No Information on 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

Bank	NEDBANK
Branch	COMMERCIAL NORTHRAND
Brach Code	198765
Bank Account Number	Undisclosed
Type of Account	CURRENT
Account Name	AXIS HOUSE (PTY)LTD
Overdraft Facilities	Undisclosed
Bank Code	P
Bank Comment	A Bank code could not be obtained as the subject declined to provide a bank account number

Bank Code History - No Information on Record

Previous Bank Account Information - No Information on Record

Deeds Information

Property Interests for Company AXIS HOUSE (PTY)LTD

Title Deed No.	ST14640/2010	Erf/Site No.	5789
Deeds Office	CAPE TOWN	Physical Address	ERF5789 BEACH SCOTT ESTATE HOUT BAY
Property Type	Sectional Title	Extent / Size	119.0SQM
Purchase Date	2010/07/21	Purchase price
% Ownership	0.00	Bond Holder
Bond Number		Bond Amount
Comment

Title Deed No.	ST14640/2010	Erf/Site No.	5789
Deeds Office	CAPE TOWN	Physical Address	ERF5789 BEACH SCOTT ESTATE HOUT BAY
Property Type	Sectional Title	Extent / Size	15.0SQM
Purchase Date	2010/07/21	Purchase price
% Ownership	0.00	Bond Holder
Bond Number		Bond Amount
Comment
Title Deed No.	ST9247/2010	Erf/Site No.	8623,0
Deeds Office	CAPE TOWN	Physical Address	63 VICTORIA NORTHSHORE HOUT BAY
Property Type	Sectional Title	Extent / Size	934.0SQM
Purchase Date	2010/03/24	Purchase price
% Ownership	0.00	Bond Holder
Bond Number	SK31002001S	Bond Amount
Comment

Title Deed No.	ST3980/2010	Erf/Site No.	5789
Deeds Office	CAPE TOWN	Physical Address	ERF5789 BEACH SCOTT ESTATE HOUT BAY
Property Type	Sectional Title	Extent / Size	751.0SQM
Purchase Date	2010/01/23	Purchase price
% Ownership	0.00	Bond Holder
Bond Number		Bond Amount

Principals

Number of Principals	1
Average Age of Active Principals	44

Active Principals Principal - 1of 1 TREVOR MC LEAN-ANDERSON

Surname	MC LEAN-ANDERSON
First Name	TREVOR
Other Names	NONE
Marital Status	Married
ID Number	6912185035086
Verified ID Number	Yes
Current Age	43 Years 6 Months
Designation	Managing Director
Status	Active
Appointment Date	2001/10/11
Physical Address (at time of Appointment)	AXIS HOUSE, THE BOARDWALK, CNR OXFORD & VICTORIA ST, HOUT BAY, WESTERN CAPE, 7872
Postal Address	P 0 BOX 26265, HOUT BAY, WESTERN CAPE, 7872
Shareholding/Membership	100%

Principal's Adverse - No information on record

Business Information for TREVOR MC LEAN-ANDERSON

Principal Current Business Interests

Company Name	Registration No	Status	Age of Business	Judgements	Liquidation	Comment
AXIS HOUSE (PTY) LTD	M2001/009285/07	In Business	0	0	No
MY MONTESSORI ECO SCHOOL (PTY) LTD	K2012/208358/07	In Business	1 Years 1 Months	0	No
OCEAN HOUSE CHEMICALS LIMITED (INCORPORATED IN MAURITIUS)	M2003/000668/10	In Business	10 Years 10 Months	0	No
UNIT 15 VICTORIA MEWS HOUT BAY CC	B1998/001245/23	In Business	15 Years 3 Months	0	No
UNIT 17 VICTORIA MEWS HOUT BAY CC	B1998/001230/23	In Business	15 Years 3 Months	0	No

Principal Previous Business Interests

Average Age of Previous Business 23 Years

Company Name	Registration No	Status	Age of Business	Judgements	Liquidation	Comment
BOWLES PROPERTIES CC	B1990/033425/23	Deregistration Final	23 Years 11 Months	0	No

Principal's Deeds Information - No information on record

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.58.93
UK Pound	1	Rs.91.81
Euro	1	Rs.78.18

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	AXIS HOUSE (PTY)LTD
Trading as/ Division Name	None
Previous Name	CHOICE DECISIONS (PTY)LTD
Date of Name Change	2001-10-16
Registration Number	M2001/009285/07
Registration Date	2001/04/24
Date Commenced Trading	2001-04-24
Age of Business	12 Years 2 Months
History of Business	AXIS HOUSE (PTY)LTD was registered in April 2001 and underwent a name change from CHOICE DECISIONS (PTY)LTD in October 2001 to the current name.
History of Principals	There is currently one active director within the business.
Shareholders/Members/Partners of subject and % holding	100 % - TREVOR MC LEAN-ANDERSON
Authorised Share Capital	R1000.00
Issued Share Capital/Members Contribution	R 100.00
Status	In Business
Operations Assessment	The company operates as a supplier and distributor of chemicals to the mining industry.
Industry/ Customers	Mining Industry
Export	Unknown
Import	Unknown
Major Industry Code / SICC	33410
Definition of Code	Manufacture of basic chemicals, except fertilizers and nitrogen compounds
Head Office Physical Address	THE BOARD WALK, CORNER OXFORD AND VICTORIA AVENUE, HOUT BAY
Head Office Postal Address	P O BOX 26265, HOUTBAY, 7872
Current Tel Number	0217900481
Cell Number	0828816250
Current Fax Number	0217900519
Current Email Address	heatherb@axishouse.co.za
Web Site Address	www.axishouse.co.za
Comments	JOHANNESBURG BRANCH: BLOCK A KNIGHTSBRIDGE MANOR, 33 SLOANE STREET, BRYANSTON, 2152