MIRA INFORM REPORT

Report Date :

11.11.2013

IDENTIFICATION DETAILS

Name :	CAPE OFFSHORE TRADING CC

Registered Office :	403 Buiten Kloof Studio, 8 Kloof Street, CAPE TOWN

Country :	South Africa

Date of Incorporation :	15.03.2002

Com. Reg. No.:	B2002/021789/23

Legal Form :	Closed Corporation

Line of Business :	Not Available

No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
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

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. 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	CAPE OFFSHORE TRADING CC
Country	South Africa
Subject Contact Person	GERARD BERNARD SANSON - Managing Member
Assessment	On investigation we made contact with GERARD SANSON the managing member who declined to assist with any information on the subject. He requested to know the name of the principal enquirer before he may divulge any information on the company. Please see the available information on the subject below.

Tax Information

Vat Number	4900202245
Status	ACTIVE
Vat Liable Date	2002/08/01
Tax Number	9734139141
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

Organisational Chart - No Information on Record

Company Structure Information - No Information on Record

Note: One level up and all levels down

Key Deals - No Information on Record

Trade References Information - No Information on Record

Adverse Information on Subject

BusinessRescue - No Information on Record

Judgements - No information on record

Default Listing - No information on record

Notarial Bonds - No information on record

Principals

Number of Principals	1
Average Age of Active Principals	62
Active Principals Principal - 1of 1 GERARD SANSON
Surname	SANSON
First Name	GERARD
Other Names	BERNARD
Marital Status
ID Number	5101025090086
Verified ID Number	Yes
Current Age	62 Years 10 Months
Designation	MANAGING MEMBER
Status	Active
Appointment Date	2008/04/03
Physical Address (at time of Appointment)	P 0 BOX 21624, KLOOF STREET, CAPE TOWN, 8000
Postal Address	P 0 BOX 21624, KLOOF STREET, CAPE TOWN, 8000
Current Tel Number	0214223649
Cell number	0824516878
Shareholding/Membership	0.00

Principal's Adverse - No information on record

Business Information forGERARD SANSON Principal Current Business Interests

Company Name	Registration No	Status	Age of Business	Judgements	Liquidation	Comment
CAPE OFFSHORE TRADING CC	B2002/021789/23	In Business	11 Years 11 Months	0	No
PURPLE MOSS 1320 CC	B2006/122403/23	In Business	7 Years 7 Months	0	No

Principal's Previous Business Interests - No information on record

Principal Deeds Information Property Interests forGERARD SANSON

Title Deed No.	ST1073/2013	Erf/Site No.	94630
Deeds Office	CAPE TOWN	Physical Address	60 KLOOF GARDENS CAPE TOWN
Property Type	Sectional Title	Extent / Size	102.0SQM
Purchase Date	2012/10/18	Purchase price
% Ownership	0.00	Bond Holder	NEDBANK LTD
Bond Number	SB2902013	Bond Amount
Comment

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.62.73
UK Pound	1	Rs.100.92
Euro	1	Rs.84.06

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%)

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	CAPE OFFSHORE TRADING CC
Trading as/ Division Name	CAPE OFFSHORE TRADING
Previous Name	None
Date of Name Change	None
Registration Number	B2002/021789/23
Registration Date	2002/03/15
Date Commenced Trading	2002-03-15
Age of Business	11 Years 8 Months
History of Business	The company was established as a new business in 2002.
History of Principals	There is currently 1 active member within the business.
Shareholders/Members/Partners of subject and % holding	Unavailable
Authorised Share Capital	R0.00
Issued Share Capital/Members Contribution	R0.00
Status	In Business
Operations Assessment	Unavailable
Industry/ Customers	Unavailable
Export	Unknown
Import	Unknown
Major Industry Code / SICC	9000
Definition of Code	Other activities not adequately defined.
Head Office Physical Address	403 Buiten Kloof Studio, 8 Kloof Street, CAPE TOWN
Head Office Postal Address	P 0 BOX 21624, CAPETOWN, 8000
Current Tel Number	0214236966
Cell Number	0824568780
Current Fax Number	0214220701
Current Email Address	berni@capeof fs hore. co. za
Web Site Address	www.capeoffshore.co.za