MIRA INFORM REPORT

Report Date :

07.09.2013

IDENTIFICATION DETAILS

Name :	SHALMAY FAKIE GROUP CC

Registered Office :	54 Mineral Crescent, Crown Mines, Johannesburg, 2092

Country :	South Africa

Date of Incorporation :	06.02.1990

Com. Reg. No.:	B1990/003576/23

Legal Form :	Close Corporation

Line of Business :	· Subject is involved in the importer and exporter of stationery, brand names include Sharp, Hopax, Duracell, Stabilo, Parker, Bic 3M and Rexel Retail trade in reading matter and stationery

No. of Employees :	50

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. 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	SHALMAY FAKIE GROUP CC
Country	South Africa
Subject Contact Person	MAY - Financial Manager
Assessment	This is a well-established business. On investigation contact was made with the Financial Manager, MAY who assisted with the information. The company has been operating for 23 Years 7 Months. The company is meeting it's one local commitment timeously. A bank code could not be obtained as the account number was declined. No adverse information was revealed during the investigation. Please see the information obtained below.

Auditors information

Company Registered Name	COOVADIA ASSOCIATES CC
Trading Name	COOVADIA ASSOCIATES CA(SA)
Registration Number	B2007/182103/23
Physical Address	GROUND FLOOR PROTEA CORNER, PROTEA AND GARRICK AVENUES, EXTENSION 8, LENASIA, 1827
Postal Address	P O BOX 10605, LENASIA, EXTENSION 7 AND 8, 1821
Contact Person	0118300524
Contact Number	0118300524
Email	info@coovadia.co.za
Principals	1
Judgements Against Subject	No information found on file
Judgements Against Principals	No information found on file
Subject Verified as Client	Yes
Practice Number	Unavailable
VAT Number	Unavailable
Tax Number	9081763162
BEE Status	Unavailable
Financial Year End	February
No of years in Business	20 Years 4 Months
Website	Under Construction

Previous Auditors Information - No Information on Record

Tax information

Vat Number	4390124065
Status	ACTIVE
Vat Liable Date	1991/09/30
Tax Number	9548175844
Financial Year End	February

Black Economic Empowerment Information - No Information on Record

ISO Information - No Information on Record

Work Mans Information - No Information on Record

Company Structure

Subsidiaries

Subsidiary Company	There are no reported branches
Employees
Number of Employees	50
1. Salaried employees	50
2. Waged employees	0
3. Permanent employees	50
4. Casual employees	0
5. Contracted employees	0
Comment
Company Fleet
Company Fleet	No of vehicles:	Owned/Leased	Value	Outstanding Balance
Fleet Operations
The Fleet is made up of	7
Comment
Light delivery Vehicles	2	Owned
Cars	5	Owned

Offices

Offices	Offices
Head Office Owned/ Rented	Leased
Rental Company	MEADOW BROOK PROPERTIES 160 CC
Owned by	N/A
Value
Bond
Bank	N/A
Lease Agreement	Unavailable
Lease Expire Date	Unavailable
Type of Premises	Offices and a Warehouse

Branch Information

Branches Names	Country	Province
There are no reported branches	South Africa

Management Overview

Organisation Chart

Level	Position	Name	Comment

1	Managing Member	ABDUL HALM MAHOMED

2	Member	MAYMUNA MAHOMED

Company Structure (Ownership)

Note: One level up and all levels down

Holding	Company	Sub	Comment
80 % - ABDUL MOHAMED	SHALMAY FAKIE GROUP CC
20 % - MAYMUNA MAHOMED	SHALMAY FAKIE GROUP CC

Key Deals - No Information on Record

Trade References

Trade Reference nr	Supplier	Contact	Surety Value	Notarial Bonds	Comment
1	M& F SHIPPING	0119752726

Trade References Detail

Nr	Age of Acc	Credit Limit	Max Credit	Terms	Average Purchases	Terms Taken	Comment
1	20 Years		R100000	60 Days	R100000	30 Days	Good account. There is no credit limit set in place

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	STANDARD BANK
Branch	DECLINED
Brach Code	051001
Bank Account Number	DECLINED
Type of Account	CURRENT ACCOUNT
Account Name	SHALMAY FAKIE GROUP CC
Overdraft Facilities	DECLINED
Bank Code	P
Bank Comment	A Bank code could not be obtained as the subject declined to provide a bank account number

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	60

Active Principals Principal - 1of 2 ABDUL MOHAMED

Surname	MOHAMED
First Name	ABDUL
Other Names	HALM
Marital Status	Married
ID Number	5106215074055
Verified ID Number	Yes
Current Age	62 Years 3 Months
Designation	Invalid Code
Status	Active
Appointment Date
Physical Address (at time of Appointment)	898 ISLAMABAD AVENUE, LENASIA EXTENSION 11B, 1827
Postal Address	P O BOX 5637, LENASIA EXT 11B, 1820
Current Tel Number	0118528039
Cell number	0824446714
Shareholding/Membership	80%

Principal's Adverse - No information on record

Business Information for ABDUL MOHAMED

Principal Current Business Interests

Company Name	Registration No	Status	Age of Business	Judgements	Liquidation	Comment
AL-AZEEZ PLASTICS CC	B2000/038358/23	In Business	13 Years 1 Months	0	No
AL-FAQUIH AAACHINERY CC	B2000/027548/23	In Business	13 Years 1 Months	0	No
LATTICE PROPERTY HOLDINGS CC	B1999/069736/23	In Business	14 Years 2 Months	0	No
MEADOW BROOK PROPERTIES 160 CC	B2006/081802/23	In Business	7 Years 7 Months	0	No
MILNEX 188 CC	2004/077329/23	In Business	9 Years 9 Months	0	No
SHALMAY FAKIE GROUP CC	B1990/003576/23	In Business	23 Years 11 Months	0	No
THE PRINT CABIN	5106215074055		Unknown	0	No
XENOCORP 250 CC	B2011/086846/23	In Business	2 Years 2 Months	0	No
XENOCORP 270 CC	B2011/086847/23	In Business	2 Years 2 Months	0	No

Principal Previous Business Interests

Average Age of Previous Business 11 Years

Company Name	Registration No	Status	Age of Business	Judgements	Liquidation	Comment
DAILY DOUBLE TRADING 107 CC	B2002/004200/23	In Business	11 Years 11 Months	2	No
PACIFIC RIM IMPORT AND EXPORT CC	B1999/067825/23	Deregistration Final	14 Years 2 Months	0	No
PALM ISLAND INVESTMENT 62 CC	B2004/041667/23	In Business	9 Years 9 Months	0	No

Principal's Deeds Information - No information on record

Principal - 2of 2 MAYMUNA MAHOMED

Surname	MAHOMED
First Name	MAYMUNA
Other Names	NONE
Marital Status	Single
ID Number	5503270019084
Verified ID Number	Yes
Current Age	58 Years 6 Months
Designation	Invalid Code
Status	Active
Appointment Date
Physical Address (at time of Appointment)	1799 CARNARVON STREET, ACTONVILLE, BENONI, 1506
Postal Address	1799 CARNARVON STREET, ACTONVILLE, BENONI, 1506
Current Tel Number	0118300542
Cell number	0845556088
Shareholding/Membership	20%

Principal's Adverse - No information on record

Business Information for MAYMUNA MAHOMED

Principal Current Business Interests

Company Name	Registration No	Status	Age of Business	Judgements	Liquidation	Comment
AL-AZEEZ PLASTICS CC	B2000/038358/23	In Business	13 Years 1 Months	0	No
AL-FAQUIH AAACHINERY CC	B2000/027548/23	In Business	13 Years 1 Months	0	No
LATTICE PROPERTY HOLDINGS CC	B1999/069736/23	In Business	14 Years 2 Months	0	No
MEADOW BROOK PROPERTIES 160 CC	B2006/081802/23	In Business	7 Years 7 Months	0	No
MILNEX 188 CC	2004/077329/23	In Business	9 Years 9 Months	0	No
NEHMAT HALAAL MEATS CC	B2011/096016/23	In Business	2 Years 2 Months	0	No
SHALMAY FAKIE GROUP CC	B1990/003576/23	In Business	23 Years 11 Months	0	No

Principal Previous Business Interests

Average Age of Previous Business 12 Years

Company Name	Registration No	Status	Age of Business	Judgements	Liquidation	Comment
DAILY DOUBLE TRADING 107 CC	B2002/004200/23	In Business	11 Years 11 Months	2	No
HIGH POINT TRADING 600 CC	B2005/065235/23	In Business	8 Years 8 Months	0	No
IMRAAN"S STYLES CC	B1992/000930/23	Deregistration Final	21 Years 9 Months	0	No
PACIFIC RIM IMPORT AND EXPORT CC	B1999/067825/23	Deregistration Final	14 Years 2 Months	0	No
PALM ISLAND INVESTMENT 62 CC	B2004/041667/23	In Business	9 Years 9 Months	0	No

Principal's Deeds Information - No information on record

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.65.96
UK Pound	1	Rs.102.91
Euro	1	Rs.86.58

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	SHALMAY FAKIE GROUP CC
Trading as/ Division Name	SHALMAY PRINTERS AND STATIONERS
Previous Name	None
Date of Name Change	None
Registration Number	B1990/003576/23
Registration Date	1990/02/06
Date Commenced Trading	1990-02-06
Age of Business	23 Years 7 Months
History of Business	SHALMAY FAKIE GROUP CC trading as SHALMAY PRINTERS AND STATIONERS was registered in February 1990 and operations commenced immediately.
History of Principals	There are two active members within the business.
Shareholders/Members/Partners of subject and % holding	80 % - ABDUL MOHAMED, 20 % - MAYMUNA MAHOMED
Authorised Share Capital	R 100.00
Issued Share Capital/Members Contribution	R 100.00
Status	In Business
Operations Assessment	The company is involved in the import and export of stationery, brand names include Sharp, Hopax, Duracell, Stabilo, Parker, Bic 3M and Rexel
Industry/ Customers	Retail trade stores
Export	Yes
Import	Yes
Import Countries	India
Major Industry Code / SICC	62391
Definition of Code	Retail trade in reading matter and stationery
Head Office Physical Address	54 MINERAL CRESCENT, CROWN MINES, JOHANNESBURG, 2092
Head Office Postal Address	PO BOX 18899, ACTONVILLE, BENONI, 1506
Current Tel Number	0118300524
Cell Number	0845556088
Current Fax Number	0118370390
Current Email Address	may@shalmay.co.za
Web Site Address	None