MIRA INFORM REPORT

Report Date :

09.05.2013

IDENTIFICATION DETAILS

Name :	THE PROFESSIONAL ACCESS TRADING CC

Registered Office :	8 Petricia Road, Constantia, Cape Town, 7806

Country :	South Africa

Date of Incorporation :	21.01.2009

Com. Reg. No.:	B2009/012051/23

Legal Form :	Closed Corporation

Line of Business :	Wholesale trade in textiles, clothing and footwear

No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

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	PROFESSIONAL ACCESS TRADING CC
Country	South Africa
Subject Contact Person	PRASAD DOLE - Member
Assessment	This is a well-established business. On investigation contact was made with PRASAD DOLE a member at the company. The company has been in operation for 4 Years 4 Months. No adverse information was revealed during the investigation. PRASAD DOLE has declined to provide any financial information, trade references and banking information as he requires the identity of the principle enquirer to be made available. Please see the information obtained below.

Auditors information

Company Registered Name	JAYANT KUMAR CHOTALAL GAJJAR
Trading Name	Undisclosed
Registration Number	Undisclosed
Physical Address	9 EASSON ROAD, KIRSTENHOF, CAPE TOWN, 7945
Postal Address	P 0 BOX 45707, OTTERY, 7808
Contact Person	Declined
Contact Number	Declined
Email	Declined
Judgements Against Subject	Unavailable
Judgements Against Principals	Unavailable
Practice Number	6336
VAT Number	Unavailable
Tax Number	Unavailable
BEE Status	Unavailable
Financial Year End	Unavailable
No of years in Business	Unavailable
Website	Unavailable

Previous Auditors Information - No Information on Record

Tax information

Vat Number	4700252127
Status	ACTIVE
Vat Liable Date	2009/03/01
Tax Number	9187589172
Tax Clearance Expire Date
Financial Year End	February
Comment

Black Economic Empowerment Information - No Information on Record

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	PRASAD DOLE

1	Member	NEELU DOLE

Company Structure (Ownership)

Note: One level up and all levels down

Holding	Company	Sub	Comment
50 % - PRASAD DOLE	PROFESSIONAL ACCESS TRADING CC
50 % - NEELU DOLE	PROFESSIONAL ACCESS TRADING CC

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	None
RDs	None
Comment	No Information on Record

Business Rescue

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

Default Listings

Date	Details	Comment
	There is no information on file	No Information on Record

Notarial Bonds

Date	Details	Comment
	There is no information 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	57

Active Principals Principal - 1of 2 PRASAD DOLE

Surname	DOLE
First Name	PRASAD
Other Names	None
Marital Status	Married
ID Number	5504285761181
Verified ID Number	Yes
Current Age	58
Designation	Member
Status	Active
Appointment Date	2009/01/21
Physical Address (at time of Appointment)	9 EASSON ROAD, KIRSTENHOF, CAPE TOWN, 7945
Postal Address	P 0 BOX 31288, TOKAI, 7966
Current Tel Number	0217943166
Cell number	0795224441
Shareholding/Membership	50%

Principal's Adverse - No information on record

Business Information for PRASAD DOLE

Principal Current Business Interests

Company Name	Registration No	Status	Age of Business	Judgements	Liquidation	Comment
THE PROFESSIONAL ACCESS TRADING CC	B2009/012051/23	In Business	4 Years 3 Months	0	No

Principal Previous Business Interests

Average Age of Previous Business 14 Years

Company Name	Registration No	Status	Age of Business	Judgements	Liquidation	Comment
MILLENIUM KNITTERS AND DYERS (PTY)LTD	M1986/002295/07	Dissolved	26 Years 10 Months	0	No
SIZANI INTERVENTION (PTY) LTD	M2003/020298/07	Deregistration Final	9 Years 8 Months	0	No
SIZANI WINE STUDIO (PTY) LTD	M2004/002336/07	Deregistration Final	9 Years 3 Months	0	No

Principal's Deeds Information - No information on record

Principal - 2of 2 NEELU DOLE

Surname	DOLE
First Name	NEELU
Other Names	None
Marital Status	Married
ID Number	5702230830180
Verified ID Number	Yes
Current Age	56
Designation	Member
Status	Active
Appointment Date	2009/01/21
Physical Address (at time of Appointment)	9 EASSON ROAD, KIRSTENHOF, CAPE TOWN, 7945
Postal Address	P 0 BOX 31288, TOKAI, 7966
Current Tel Number
Cell number	0823462286
Shareholding/Membership	50%

Principal's Adverse - No information on record

Business Information for NEELU DOLE

Principal Current Business Interests

Company Name	Registration No	Status	Age of Business	Judgements	Liquidation	Comment
THE PROFESSIONAL ACCESS TRADING CC	B2009/012051/23	In Business	4 Years 3 Months	0	No

Principal's Deeds Information - No information on record

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.54.16
UK Pound	1	Rs.83.88
Euro	1	Rs.70.99

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	THE PROFESSIONAL ACCESS TRADING CC
Trading as/ Division Name	None
Previous Name	None
Date of Name Change	None
Registration Number	B2009/012051/23
Registration Date	2009/01/21
Date Commenced Trading	January 2009
Age of Business	4 Years 3 Months
History of Business	The company was registered in January 2009 and operations commenced immediately.
History of Principals	There are two active members within the business
Shareholders/Members/Partners of subject and % holding	50 % - PRASAD DOLE, 50 % - NEELU DOLE
Authorised Share Capital	R0.00
Issued Share Capital/Members Contribution	R 100.00
Status	In Business
Operations Assessment	The company is involved in the import and export of textiles from Asia and Europe, no further information was made available.
Industry/ Customers	The Textile Industry
Export	Yes
Import	Yes
Major Industry Code / SICC	61310
Definition of Code	Wholesale trade in textiles, clothing and footwear
Head Office Physical Address	8 Petricia Road, Constantia, CAPE TOWN, 7806
Head Office Postal Address	P 0 BOX 31288, TOKAI, 7966
Current Tel Number	0217943166
Cell Number	0795224441
Current Fax Number	None
Current Email Address	None
Web Site Address	None