MIRA INFORM REPORT

Report Date :

27.06.2013

IDENTIFICATION DETAILS

Name :	BAHRAIN TRUCK AND TRAILER CC

Registered Office :	31 Leice Ster Road, Benoni South, Johannesburg, 1500

Country :	South Africa

Date of Incorporation :	10.12.2009

Com. Reg. No.:	B2009/225487/23

Legal Form :	Closed Corporation

Line of Business :	Retail sale of new motor vehicles

No. of Employees :	20

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	BAHRAIN TRUCK AND TRAILER CC
Country	South Africa
Subject Contact Person	MOHAMED SAIB - Managing Member
Assessment	This is an established business. On investigation contact was made with MOHAMED SAIB the managing member who assisted with most of the information on the subject, the financial information however was declined due to it being confidential. The subject is meeting commitments timeously with suppliers, we are awaiting 1 further reference. Please see the available information on the subject below.

Auditors Information

Company Registered Name	SABIR AHMED ESOP RAWAT
Trading Name	J.RAWAT&CO
Registration Number	5405035072087
Physical Address	30 UNITY AVENUE, NEW MODDER, BENONI, 1501
Postal Address	P O BOX 2384, BENONI, 1501
Contact Person	JERRY
Contact Number	0114232535
Email	zainab@jrawat.co.za
Principals	1
Judgements Against Subject	None On Record
Judgements Against Principals	None On Record
Subject Verified as Client	Yes
Practice Number	1935
VAT Number	4110167345
Tax Number	Unavailable
BEE Status	Unavailable
Financial Year End	February
No of years in Business	3 Years 6 Months
Website	Unavailable

Previous Auditors Information - No Information on Record

Tax Information

Vat Number	4100259818
Status	ACTIVE
Tax Number	Unavailable
Financial Year End	Unavailable

Black Economic Empowerment

Status	Yes
Score	3.00
Expire Date	Jun 3 2014
BEE Certificate Available	No

ISO Information - No Information on Record

Workman's compensation

Registered	Yes
Compliance Certified	Yes

Company Structure

Subsidiaries Information - No Information on Record

Employees
Number of Employees	20
1. Salaried employees	20
2. Waged employees
3. Permanent employees	10
4. Casual employees
5. Contracted employees	10
Company Fleet
Company Fleet	No of vehicles:	Owned/Leased	Value	Outstanding Balance
Fleet Operations
The Fleet is made up of
Comment	Unavailable

Offices

Offices	Offices
Head Office Owned/ Rented	Owned
Rental Company	Not Applicable
Owned by	BAHRAIN TRUCK AND TRAILER CC
Lease Agreement	Not Applicable
Lease Expire Date	Not Applicable
Type of Premises	Office and factory / warehouse

Branch Information - No Information on Record

Management Overview

Organisation Chart

Level	Position	Name	Comment

1	Managing Member	MOHAMED RIAZ SAIB

Company Structure (Ownership)

Note: One level up and all levels down

Holding	Company	Sub	Comment
100 % - MOHAMED RIAZ SAIB	BAHRAIN TRUCK AND TRAILER CC

Key Deals - No Information on Record

Trade References

Trade Reference nr	Supplier	Contact	Surety Value	Notarial Bonds	Comment
1	JOSH TRANSPORT	0113958500
2	JMR TRADE SPARES	0119082654
3	TYSICA LASER	0114747976

Trade References Detail

Nr	Age of Acc	Credit Limit	Max Credit	Terms	Average Purchases	Terms Taken	Comment
1	1 Year	R 200000.00	R 90000	30 Days	R 60000	30 Days	Good Account
2							Awaiting trade reference
3	3 Years		R6000	30 Days	R6000	30 Days	Very Good account,the subject has an open account with the supplier.

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

Bank	FIRST NATIONAL BANK
Branch	62370159016
Brach Code	250655
Bank Account Number	62370159016
Type of Account	Current
Account Name	BAHRAIN TRUCK AND TRAILER CC
Overdraft Facilities	None
Bank Code	C - For R 150 000
Bank Comment	The subject's bankers consider them good for all business normal engagements

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	29

Active Principals Principal - 1of 1 MOHAMED SAIB

Surname	SAIB
First Name	MOHAMED
Other Names	None
Marital Status
ID Number	8410185259267
Verified ID Number	Yes
Current Age	28 Years 8 Months
Designation	Managing Member
Status	Active
Appointment Date	2012/05/31
Physical Address (at time of Appointment)	10 BURNLEY ROAD, INDUSTRIAL SITE, BENONI SOUTH, 1501
Postal Address	P.O.BOX 6559, DUNSWART, 1508
Current Tel Number	0114211011
Cell number	0828074877
Shareholding/Membership	100%

Principal's Adverse - No information on record

Business Information for MOHAMED SAIB

Principal Current Business Interests

Company Name	Registration No	Status	Age of Business	Judgements	Liquidation	Comment
BAHRAIN TRUCK AND TRAILER CC	B2009/225487/23	In Business	4 Years 4 Months	0	No
BAM TRAILER SPARES CC	B2009/109309/23	Deregistration Process	4 Years 4 Months	0	No

Principal Previous Business Interests

Average Age of Previous Business 16 Years

Company Name	Registration No	Status	Age of Business	Judgements	Liquidation	Comment
A N R IMPORT AND EXPORT CC	B1999/041713/23	In Business	14 Years 2 Months	1	No
BENONI AXLE MANUFACTURERS AND TRAILER SPARES CC	B1995/022951/23	In Business	18 Years 6 Months	1	No
PROPERTY INVESTMENTS NO 3 CC	B1997/036269/23	In Business	16 Years 4 Months	1	No

Principal's Deeds Information - No information on record

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.59.85
UK Pound	1	Rs.92.31
Euro	1	Rs.78.23

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	BAHRAIN TRUCK AND TRAILER CC
Trading as/ Division Name	BAHRAIN TRUCK AND TRAILER
Previous Name	None
Date of Name Change	None
Registration Number	B2009/225487/23
Registration Date	2009/12/10
Date Commenced Trading	2009-12-10
Age of Business	3 Years 6 Months
History of Business	The subject was established as a new business in 2009 and operations commenced immediately.
History of Principals	There is currently 1 active member within the business.
Shareholders/Members/Partners of subject and % holding	100 % - MOHAMED RIAZ SAIB
Authorised Share Capital	R0.00
Issued Share Capital/Members Contribution	R0.00
Status	In Business
Operations Assessment	Truck and trailer sales
Industry/ Customers	General public and corporate businesses
Export	Unknown
Import	Unknown
Major Industry Code / SICC	63121
Definition of Code	Retail sale of new motor vehicles
Head Office Physical Address	31 Leice Ster Road, Benoni South, JOHANNESBURG, 1500
Head Office Postal Address	P O BOX 25414, BENONI NORTH, 1527
Current Tel Number	0114211218
Cell Number	Unavailable
Current Fax Number	0111211010
Current Email Address	pearceyas@yahooco.uk
Web Site Address	www.bahraintrailer.co.za