MIRA INFORM REPORT

Report Date :

29.03.2013

IDENTIFICATION DETAILS

Name :	CLASS A TRADING 153 (PTY)LTD

Registered Office :	Trident Park 1, 1 Niblick Way, Somerset West, 7130

Country :	South Africa

Date of Incorporation :	12.03.2001

Com. Reg. No.:	M2001/005532/07

Legal Form :	Private Company

Line of Business :	Retail trade in fresh fruit and vegetables

No. of Employees :	08

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 :	Regular

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

(31.03.2012)

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 Unemployment remains high and outdated infrastructure has constrained growth.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

Subject Name	CLASS A TRADING 153 (PTY)LTD
Country	South Africa
Subject Contact Person	LINDA - Financial Manager
Assessment	This is an established business. On investigation contact was made with the director MRS. LINDA who assisted with most of the required information. Financial information on the company was declined due to it being confidential. The subject is meeting commitments timeously with suppliers. A bank code C was obtained for an amount of R 5 000 000 over a period of 30 days. Please see the available information on the subject below.

Auditors information

Company Registered Name	RSM BETTY & DICKSON (CAPE TOWN)
Physical Address	15 Greenwich Grove, Station Road, Rondebosch, Cape Town, 7700
Postal Address	PO Box 578, Rondebosch, Cape Town, 7701
Contact Person	MAURICIO
Contact Number	0216867890
Email	maurico.defaria@ctrsmbd.co.za
Principals	5
Judgements Against Subject	None
Judgements Against Principals	None
Subject Verified as Client	Yes
Practice Number	958069
VAT Number	Unavailable
Tax Number	Unavailable
BEE Status	Level 3
Financial Year End	February
No of years in Business	7
Website	www.rsmbettyanddickson.co.za

Previous Auditors

Company Name	Phone Number	Time with previous auditors	Comment
AAALHERBE LOURENS		Unknown
RSM ASSOCIATES (CAPE TOWN)		Unknown

Tax Information

Vat Number	4120193455
Status	ACTIVE
Vat Liable Date	2001/05/14
Tax Number	9092234146
Financial Year End	August

Black Economic Empowerment Information - No Information on Record

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	8
1. Salaried employees	8
2. Waged employees
3. Permanent employees	8
4. Casual employees
5. Contracted employees
Comment
Company Fleet
Company Fleet	No of vehicles:	Owned/Leased	Value	Outstanding Balance
Fleet Operations
The Fleet is made up of	1
Comment
Cars	1	Owned

Offices

Offices	Offices
Head Office Owned/ Rented	Leased
Rental Company	TRIDENT PROPERTIES TRUST
Lease Agreement	3 Years
Lease Expire Date	2015/03/01
Type of Premises	Offices
Branch Information
Branches Names	Country	Province
CLASS A TRADING 153(PTY)LTD
Branch Detail Information
Comment	The subject owns two branches one in HOLLAND and one 1 RUSSIA.

Management Overview

Organisation Chart

Level	Position	Name	Comment

1	Director	MICHAEL EUGENE SMITH

1	Director	FILLMORE GUMPERT

1	Director	C BOYES

Company Structure (Ownership)

Note: One level up and all levels down

Holding	Company	Sub	Comment
100% - TOM LANGE INTERNATIONAL	CLASS A TRADING 153 (PTY) LTD

Key Deals - No Information on Record

Trade References

Trade Reference nr	Supplier	Contact	Surety Value	Notarial Bonds	Comment
1	TRUE CAPE	0218501822
2	GRAFERS	0219125900
3	Fresh world	0218087100

Trade References Detail

Nr	Age of Acc	Credit Limit	Max Credit	Terms	Average Purchases	Terms Taken	Comment
1	6 Years	R 3000000.00	R 5000000	60 Days	R 3000000	60 Days	Very Good Account
2	9 Years	R 950000.00	R 2000000	30 Days	R 300000	30 Days	Very Good Account
3	2 Years	R 200000.00	R160000	30 Days	R160000	30 Days	Excellent account

Adverse Information on Subject

Business Rescue - No Information on Record

Judgements - No information on record

Default Listing - No information on record

Notarial Bonds - No information on record

Bank Information

Bank	NEDBANK
Branch	WINELANDS
Brach Code	198765
Bank Account Number	1411413547
Type of Account	Current
Account Name	CLASS A TRADING 153 (PTY)LTD
Overdraft Facilities	None
Bank Code	C for R 5 000 000
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	3
Average Age of Active Principals	-7

Active Principals Principal - 1of 3 MICHAEL SMITH

Surname	SMITH
First Name	MICHAEL
Other Names	EUGENE
ID Number	2001207000000
Verified ID Number	No
Designation	BUSINESSMAN
Status	Active
Appointment Date	2001/03/12
Physical Address (at time of Appointment)	2120 SOUTH GLENWOOD AVE, SPRINGFIELD, 0000
Postal Address	2120 SOUTH GLENWOOD AVE, SPRINGFIELD, 0000
Current Tel Number	0218512098
Shareholding/Membership	0.0000

Principal's Adverse - No information on record

Business Information for MICHAEL SMITH

Principal Current Business Interests

Company Name	Registration No	Status	Age of Business	Judgements	Liquidation	Comment
CLASS A TRADING 153 (PTY)LTD	M2001/005532/07	In Business	12 Years	0	No

Principal's Previous Business Interests - No information on record

Principal's Deeds Information - No information on record

Principal - 2of 3 FILLMORE GUMPERT

Surname	GUMPERT
First Name	FILLMORE
Other Names	None
Marital Status
ID Number	2008290000000
Verified ID Number	No
Current Age
Designation	BUSINESSMAN
Status	Active
Appointment Date	2001/03/12
Physical Address (at time of Appointment)	444 TRILBEY COURT, NOBLESVILLE, 0000
Postal Address	444 TRILBEY COURT, NOBLESVILLE, 0000
Current Tel Number	0218512098
Cell number
Shareholding/Membership	0.0000

Principal's Adverse - No information on record

Business Information for FILLMORE GUMPERT

Principal Current Business Interests

Company Name	Registration No	Status	Age of Business	Judgements	Liquidation	Comment
CLASS A TRADING 153 (PTY)LTD	M2001/005532/07	In Business	12 Years	0	No

Principal's Previous Business Interests - No information on record

Principal's Deeds Information - No information on record

Principal - 3of 3 C BOYES

Surname	BOYES
First Name	C
Other Names	None
ID Number	6409215160009
Verified ID Number	No
Current Age	Unknown
Designation	BUSINESSMAN
Status	Active
Physical Address (at time of Appointment)	HENLEY FARM, LETSITELE, 0885
Postal Address	PO BOX 116, LETSITELE, 0885
Current Tel Number	0217016770
Cell number	0832867000
Shareholding/Membership	0.0000

Principal's Adverse - No information on record

Business Information for C BOYES

Principal Current Business Interests

Company Name	Registration No	Status	Age of Business	Judgements	Liquidation	Comment
CLASS A TRADING 153 (PTY)LTD	M2001/005532/07	In Business	12 Years	0	No

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.54.39
UK Pound	1	Rs.82.32
Euro	1	Rs.69.54

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	CLASS A TRADING 153 (PTY)LTD
Trading as/ Division Name	CLASS A TRADING 153
Registration Number	M2001/005532/07
Registration Date	2001/03/12
Date Commenced Trading	2001-03-12
Age of Business	12 Years
History of Business	The business was established as a new business in 2001 and operations commenced immediately.
History of Principals	There are currently 3 active directors within the business.
Shareholders/Members/Partners of subject and % holding	100 % - TOM LANGE INTERNATIONAL (USA)
Authorised Share Capital	R1000.00
Issued Share Capital/Members Contribution	R 100.00
Status	In Business
Operations Assessment	The subject exports Fruits.
Industry/ Customers	All major wholesalers overseas.
Export	Yes
Import	Unknown
Major Industry Code / SICC	62201
Definition of Code	Retail trade in fresh fruit and vegetables
Head Office Physical Address	TRIDENT PARK 1, 1 NIBLICK WAY, SOMERSET WEST, 7130
Head Office Postal Address	TRIDENT PARK 1, 1 NIBLICK WAY, SOMERSET WEST, 7130
Current Tel Number	0218512098
Current Fax Number	0218520373
Current Email Address	linda@sevenseasfruit.com
Web Site Address	www.sevenseasfruit.com

MIRA INFORM REPORT

Company Information

Auditors information

Tax Information

Workman's compensation

Company Structure

Management Overview

Trade References

Adverse Information on Subject

Bank Information

Principals

Unit