MIRA INFORM REPORT

Report Date :

27.12.2014

IDENTIFICATION DETAILS

Correct Name :	HAYFORD TRADERS 23 CC

Registered Office :	Unit 9 Stanford Business Park, 16th Road, Midrand, 1685 P o Box 631, Sunninghill, 2157

Country :	South Africa

Date of Incorporation :	01.10.2001

Com. Reg. No.:	B2001/067931/23

Legal Form :	Private Company

Line of Business :	Engaged in Supplying Polyester, Cotton and Other Special Purpose Fabrics for use primarily in the Luggage and Outdoor Market, as well as Fabrics for Military use.

No of Employees :	Not Available [We tried to confirm the number of employees but no one is ready to part any information from the company management.]

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 – September 30, 2014

Country Name

Previous Rating

(30.06.2014)

Current Rating

(30.09.2014)

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	HAYFORD TRADERS 23 CC
Country	South Africa
Enquiry Terms	30 days
Account Review	Recommended Every 3 Months
Subject Contact Person	WESLEY DU PREEZ - MEMBER
Assessment	This is an established business. On investigation contact was made with WESLEY DU PREEZ the member, who advised that the offices are closed, he will only manage to assist in January 2015. Please see the available information on the subject below.

Auditors information

Company Registered Name	REAL ACCOUNTING GROUP
Trading Name	Unavailable
Registration Number	Unavailable
Physical Address	Unavailable
Postal Address	PO BOX 631, SUNNINGHILL, 2157
Contact Person	Unavailable
Contact Number	Unavailable
Email	Unavailable
Judgements Against Subject	Unavailable
Judgements Against Principals	Unavailable
Practice Number	00248966
VAT Number	Unavailable
Tax Number	Unavailable
BEE Status	Unavailable
Financial Year End	Unavailable
No of years in Business	1 Years 11 Months
Website	Unavailable

Previous Auditors Information - No Information on Record

Tax information

Vat Number	4320233127
Status	ACTIVE
Vat Liable Date	2006/10/01
Tax Number	9803087148
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 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	WAYNE RICHARD JORDI
1	MEMBER	WESLEY DU PREEZE

Company Structure (Ownership)

Note: One level up and all levels down

Holding	Company	Sub	Comment
50% - WESLEY DU PREEZE	HAYFORD TRADERS 23 CC	NONE
50% - WAYNE RICHARD JORDI	HAYFORD TRADERS 23 CC	NONE

Key Deals - No Information on Record

Trade References Information - No Information on Record

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 - 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	32
Number of Inactive Principals

Active Principals Active Principal - 1 of 2 WAYNE JORDI

Surname	JORDI
First Name	WAYNE
Other Names	RICHARD
Marital Status	Single
ID Number	8209155192080
Verified ID Number	Yes
Current Age	32 Years 3 Months
Designation	Member
Status	Active
Appointment Date	2006/09/14
Physical Address (at time of Appointment)	UNIT 9, STANFORD BUSINESS PARK, 16TH RD, MIDRAND, 2169
Postal Address	UNIT 9, STANFORD BUSINESS PARK, 16TH RD, MIDRAND, 2169
Current Tel Number	0113149727
Cell number	0832920710
Shareholding/Membership	50.00

Principal's Adverse - No information on record

Business Information for WAYNE JORDI

Principal Current Business Interests

Company Name	Registration No	Status	Age of Business	Judgements	Liquidation	Comment
FULL TILT PROMOTIONS AND ENTERTAINMENT CC	B2004/037860/23	Deregistration Final	10 Years 10 Months	0	No
HAYFORD TRADERS 23 CC	B2001/067931/23	In Business	13 Years 1 Months	0	No
JUST JORDI FRAMING CC	B2005/031380/23	In Business	9 Years 9 Months	0	No

Principal's Previous Business Interests - No information on record

Principal Deeds Information

Property Interests for WAYNE JORDI

Title Deed No.	T66633/2013	Erf/Site No.	32
Deeds Office	PRETORIA	Physical Address	PAULSHOF EXT 1
Property Type	E	Extent / Size	1450.0SQM
Purchase Date	2013/05/27	Purchase price	R 2300000.00
% Ownership	0.00	Bond Holder	FIRSTRAND BANK LTD
Bond Number	B402432013	Bond Amount	R2185000.00

Active Principal - 2 of 2 WESLEY DU PREEZ

Surname	DU PREEZ
First Name	WESLEY
Other Names	None
Marital Status	Married
ID Number	8112075096086
Verified ID Number	Yes
Current Age	33 Years
Designation	Member
Status	Active
Appointment Date	2005/11/09
Physical Address (at time of Appointment)	UNIT 9, STANFORD BUSINESS PARK, 16TH RD, MIDRAND, 2169
Postal Address	P O BOX 4563, HALFWAY HOUSE, 1685
Current Tel Number	0113149729
Cell number	0828286569
Shareholding/Membership	50.00

Principal's Adverse - No information on record

Business Information for WESLEY DU PREEZ

Principal Current Business Interests

Company Name	Registration No	Status	Age of Business	Judgements	Liquidation	Comment
HAYFORD TRADERS 23 CC	B2001/067931/23	In Business	13 Years 1 Months	0	No

Principal's Previous Business Interests - No information on record

Principal Deeds Information

Property Interests for WESLEY DU PREEZ

Title Deed No.	T38642/2014	Erf/Site No.	824
Deeds Office	PRETORIA	Physical Address	WOODMEAD EXT 23
Property Type	E	Extent / Size	406.0SQM
Purchase Date	2014/02/26	Purchase price	R1600000.00
% Ownership	0.00	Bond Holder	FIRSTRAND BANK LTD
Bond Number	B231792014	Bond Amount	R1000000.00

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.63.64
UK Pound	1	Rs.98.98
Euro	1	Rs.77.74

INFORMATION DETAILS

Analysis Done by :	RAS

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	HAYFORD TRADERS 23 CC
Trading as/ Division Name	None
Previous Name	None
Date of Name Change	None
Registration Number	B2001/067931/23
Registration Date	2001/10/01
Date Commenced Trading	2001-10-01
Age of Business	13 Years 2 Months
History of Business	The subject commenced trading as a new business in 2001.
History of Principals	There are 2 active directors within the company
Shareholders/Members/Partners of subject and % holding	50 % - WAYNE RICHARD JORDI, 50 % - WESLEY DU PREEZE
Status	In Business
Operations Assessment	Engaged in supplying polyester, cotton and other special purpose fabrics for use primarily in the luggage and outdoor market, as well as fabrics for military use.
Industry/ Customers	Wholesalers and manufactures
Export	None
Import	None
Major Industry Code / SICC	31290
Definition of Code	Manufacture of other textiles n.e.c.
Head Office Physical Address	UNIT 9 STANFORD BUSINESS PARK, 16TH ROAD, MIDRAND, 1685
Head Office Postal Address	PO BOX 631, SUNNINGHILL, 2157
Current Tel Number	0113149727
Cell Number	0828286569
Current Fax Number	0113141134
Web Site Address	www.hayfordtraders.co.za