MIRA INFORM REPORT

Report Date :

01.10.2013

IDENTIFICATION DETAILS

Name :	ECWAMIX CHEMICAL SYSTEMS CC
Formerly Known As :	FAME BRIGHT TRADE AND INVEST CC
Registered Office :	3 Granville Avenue, Lea Glen, Roodepoort, 1709
Country :	South Africa
Date of Incorporation :	31.10.2005
Com. Reg. No.:	B2005/156636/23
Legal Form :	Close Corporation
Line of Business :	Manufacture of other chemical products n.e.c. The Subject operates as a chemical manufacturer and distributor.
No. of Employees :	20

RATING & COMMENTS

MIRA’s Rating :

Ba

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Status :	Satisfactory
Payment Behaviour :	Slow but Correct
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	A2	A2

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. 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	ECWAMIX CHEMICAL SYSTEMS CC
Country	SOUTH AFRICA
Subject Contact Person	RIAAN - Financial Manager
Assessment	This is an established business. On investigation contact was made with the Financial Manager, RIAAN. The company has been operating since 2005. No adverse information was revealed during the investigation. A bank code C was obtained for an enquiry amount of R100 000 over 30 days. The business has one major local supplier. Please see the information obtained below.

Company Information

Registered Name	ECWAMIX CHEMICAL SYSTEMS CC
Trading as/ Division Name	None
Previous Name	FAME BRIGHT TRADE AND INVEST CC
Date of Name Change	2007-03-02
Registration Number	B2005/156636/23
Registration Date	2005/10/31
Date Commenced Trading	2005-10-01
Age of Business	8 Years
History of Business	ECWAMIX CHEMICAL SYSTEMS CC was registered in October 2005 and underwent a name change from FAME BRIGHT TRADE AND INVEST CC to the current name in March 2007.
History of Principals	There is one active director within the business.
Shareholders/Members/Partners of subject and % holding	100 % - PATRICK MARAIS ROUX
Authorised Share Capital	R0.00
Issued Share Capital/Members Contribution	R0.00
Status	In Business
Operations Assessment	The company operates as a chemical manufacturer and distributor.
Industry/ Customers	Chemical Manufacturing
Export	None
Import	Yes
Import Countries	India
Major Industry Code / SICC	33599
Definition of Code	Manufacture of other chemical products n.e.c.
Head Office Physical Address	3 GRANVILLE AVENUE, LEA GLEN, ROODEPOORT, 1709
Head Office Postal Address	PO BOX 6403, WESTGATE, ROODEPOORT, GAUTENG 1734
Current Tel Number	0114722256
Cell Number	0829516660
Current Fax Number	0114722121
Current Email Address	ecwamix@netactive. co. za
Web Site Address	www. ecwamix. co. za
Comments

Auditors Information

Company Registered Name	INNES BUCHANAN - 5206045060009
Trading Name	1D M BUCHANAN
Registration Number	SOLE PROPRIETOR
Physical Address	8 LAURA CLOSE, MELROSE NORTH, 2196
Postal Address	POSTNET SUITE 73, P BAG X 1, MELROSE ARCH, 2076
Contact Person	INNES BUCHANAN
Contact Number	0114473701
Email	Unavailable
Principals	1
Judgements Against Subject	No Information On File
Judgements Against Principals	No Information On File
Subject Verified as Client	Yes
Practice Number	593893
VAT Number	Deregistered
Tax Number	None
BEE Status	None
Financial Year End	Unavailable
No of years in Business	8 Years 5 Months
Website	None
Comment

Previous Auditors Information - No Information on Record

Tax Information

Vat Number	4570227746
Status	ACTIVE
Vat Liable Date	2005/05/01
Tax Number	9278238168
Tax Clearance Expire Date
Financial Year End	February
Comment

Black Economic Empowerment Information - No Information on Record

ISO Information - No Information on Record

Workman's compensation

Registered	Yes
Compliance Certified	Yes
Comment

Company Structure

Subsidiaries

Subsidiary Company	There are no reported subsidiaries
Shareholding
Registration Number
Import / Export
Comment
Employees
Number of Employees	20
1. Salaried employees	20
2. Waged employees	0
3. Permanent employees	20
4. Casual employees	0
5. Contracted employees	0
Comment
Company Fleet
Company Fleet	No of vehicles:	Ownerd/Leased	Value	Outstanding Balance
Fleet Operations
The Fleet is made up of	2
Comment
Light delivery Vehicles	2	Owned

Offices

Offices	Offices
Head Office Owned/ Rented	Leased
Rental Company	GROWTHPOINT
Owned by	N/A
Value	R0.00
Bond	R0.00
Bank	N/A
Lease Agreement	ANNUAL
Lease Expire Date
Type of Premises	OFFICE AND A FACTORY
Comment
Branch Information
Branches Names	Country	Province
There are no reported branches	South Africa

Management Overview

Organisation Chart

Level	Position	Name	Comment
1	Director	PATRICK MARAIS ROUX

Company Structure (Ownership)

Note: One level up and all levels down

Holding	Company	Sub	Comment
100% - PATRICK AAARAIS ROUX	ECWAMIX CHEMICAL SYSTEM CC

Key Deals - No Information on Record

Trade References

Trade Reference nr	Supplier	Contact	Surety Value	Notarial Bonds	Comment
1	OMNIA CHEMICALS	0118247700			Against company policy to provide trade references

Adverse Information on Subject

Judgements - No information on record BusinessRescue - No Information on Record

Default Listing - No information on record

Notarial Bonds - No information on record

Bank Information

Bank	STANDARD BANK
Branch	CLEARWATER AAALL
Brach Code	051001
Bank Account Number	221226311
Type of Account	CURRENT ACCOUNT
Account Name	ECWAMIX CHEMICAL SYSTEMS CC
Overdraft Facilities	Unavailable
Bank Code	C - For R 100 000 over 30 days
Bank Comment	Good for the amount quoted, if strictly in the way of business.

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	53
Active Principals Principal - 1of 1 PATRIC ROUX
Surname	ROUX
First Name	PATRIC
Other Names	MARAIS
Marital Status	Married
ID Number	6006135026087
Verified ID Number	Yes
Current Age	53 Years 4 Months
Designation	DIRECTOR
Status	Active
Appointment Date	2007/03/02
Physical Address (at time of Appointment)	96 WILLOUGHBY ROAD, KENMARE, KRUGERSDORP, 1740
Postal Address	P 0 BOX 6403, WESTGATE, 1739
Current Tel Number	0119552179
Cell number	0829516660
Shareholding/Membership	100%

Principal's Adverse - No information on record

Business Information forPATRIC ROUX

Principal Current Business Interests

Company Name	Registration No	Status	Age of Business	Judgements	Liquidation	Comment
ECWAMIX CHEMICAL SYSTEMS CC	B2005/156636/23	In Business	8 Years 8 Months	0	No
EVEREST INNS CC	B1997/035501/23	In Business	16 Years 4 Months	0	No

Principal's Adverse - No information on record

Business Information forPATRIC ROUX

Principal Current Business Interests

Company Name	Registration No	Status	Age of Business	Judgements	Liquidation	Comment
ECWAMIX CHEMICAL SYSTEMS CC	B2005/156636/23	In Business	8 Years 8 Months	0	No
EVEREST INNS CC	B1997/035501/23	In Business	16 Years 4 Months	0	No

Principal Previous Business Interest

Average Age of Previous Business 18 Years

Company Name	Registration No	Status	Age of Business	Judgements	Liquidation	Comment
WAYWARD PROJECTS CC	B1995/032091/23	Deregistration Final	18 Years 6 Months	0	No

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.61.41
UK Pound	1	Rs.98.29
Euro	1	Rs.84.12

INFORMATION DETAILS

Report Prepared by :

SDA

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%)

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.