MIRA INFORM REPORT

Report Date :

06.02.2014

IDENTIFICATION DETAILS

Name :	ARTMAR NATURAL STONE TILES CC

Registered Office :	365 Olympic Duel Road, Northlands Business Park, New Market Street, North Riding, 2162 P O Box 1017, North Riding, 2162

Country :	South Africa

Date of Incorporation :	19.09.2006

Com. Reg. No.:	B2006/162631/23

Legal Form :	Private Company

Line of Business :	Subject specializes in procuring, importing and wholesaling of travertine, marble, sandstone, limestone tiles, pavers, mosaics, cladding, basins and slabs

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 – September 30, 2013

Country Name

Previous Rating

(30.06.2013)

Current Rating

(30.09.2013)

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

Company name

Subject Name	ARTMAR NATURAL STONE TILES CC
Country	South Africa
Account Review	Recommended Every 3 Months
Subject Contact Person	UFUK CANER - Member
Assessment	This is a well-established business. On investigation contact was made with UFUK CANER the member of the business who requested us to call back. After numerous attempts made to contact and obtain the information, he avoided all questions and eventually declined to assist with the required information. Please see the available information obtained below.

auditors information

Company Registered Name	CHRISTO COLLIN BOTHMA
Trading Name	Unavailable
Registration Number	Unavailable
Physical Address	Unavailable
Postal Address	P O BOX 5526, TYGERVALLEY, 7536
Contact Person	Unavailable
Contact Number	Unavailable
Email	Unavailable
Principals
Judgements Against Subject	Unavailable
Judgements Against Principals	Unavailable
Subject Verified as Client	No
Practice Number	19129
VAT Number	Unavailable
Tax Number	Unavailable
BEE Status	Unavailable
Financial Year End	Unavailable
No of years in Business	1 Years 7 Months
Website	Unavailable
Comment

Previous Auditors Information - No Information on Record

Tax information

Vat Number	4740231354
Status	ACTIVE
Vat Liable Date	2006/09/01
Tax Number	9792912140
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

Subsidiary Company	STONE BAZAAR MINING AND EXPORT LTD
Shareholding	100 %
Registration Number	Unavailable
Import / Export	Export
Comment

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	SUREYYA CANER

1	Member	UFUK CANER

Company Structure (Ownership)

Holding	Company	Sub	Comment
50 % - SUREYYA CANER	ARTMAR NATURAL STONE TILES CC
50 % - UFUK CANER	ARTMAR NATURAL STONE TILES

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 - No Information on Record

Bank Code History - No Information on Record

Previous Bank Account Information - No Information on Record

Deeds Information

Property Interests for Company ARTMAR NATURAL STONE TILES CC

Title Deed No.	T2770/2013	Erf/Site No.
Deeds Office	CAPE TOWN	Physical Address	DUNOON MILNERTON
Property Type	Freehold	Extent / Size	1131.0SQM
Purchase Date	2012/05/28	Purchase price
% Ownership	0.00	Bond Holder
Bond Number		Bond Amount
Comment

Principals

Number of Principals	2
Average Age of Active Principals	47
Active Principals Principal - 1 of 2 SURREYA CANER
Surname	CANER
First Name	SURREYA
Other Names	Unavailable
Marital Status
ID Number	6810206157188
Verified ID Number	Yes
Current Age	45 Years 3 Months
Designation
Status	Active
Appointment Date	2008/11/10
Physical Address (at time of Appointment)	23 MARLBOROUGH PLACE, ST IVES, NSW 2075, AUSTRALIA, 2075
Postal Address	365 OLYMPIC DUEL ROAD, NORTHLANDS BUSINISS PARK, NEW MARKET STREET, NORTHRIDING, 2001
Current Tel Number	0117047446
Cell number	0849988770
Shareholding/Membership	50 %

Business Information for SURREYA CANER Principal Current Business Interests

Company Name	Registration No	Status	Age of Business	Judgements	Liquidation	Comment
ARTMAR NATURAL STONE TILES CC	B2006/162631/23	In Business	8 Years 8 Months	0	No

Principal Previous Business Interests

Company Name	Registration No	Status	Age of Business	Judgements	Liquidation	Comment
ALATURCA NATURAL STONE FRANCHISOR CC	2007/214679/23	Deregistration Final	7 Years 7 Months	0	No
ALATURCA NATURAL STONE WHOLESALERS CC	B2005/096399/23	In Business	9 Years 9 Months	0	No
ARTMAR NATURAL STONE DURBAN CC	B2009/107811/23	Deregistration Final	5 Years 5 Months	0	No
ARTMAR NATURAL STONE JHB CC	B2009/107806/23	Deregistration Final	5 Years 5 Months	0	No

Principal Deeds Information Property Interests for SURREYA CANER

Title Deed No.	T75048/2007	Erf/Site No.
Deeds Office	PRETORIA	Physical Address	CEDAR LAKES CITY OF JOHANNESBURG RURAL
Property Type	Freehold	Extent / Size	1002.0SQM
Purchase Date	2007/02/19	Purchase price
% Ownership	0.00	Bond Holder	ABSA BANK LTD
Bond Number	B932992007	Bond Amount
Comment

Principal - 2 of 2 UFUK CANER

Surname	CANER
First Name	UFUK
Other Names	Unavailable
Marital Status
ID Number	6509205327186
Verified ID Number	Yes
Current Age	48 Years 4 Months
Designation
Status	Active
Appointment Date	2006/09/19
Physical Address (at time of Appointment)	4 ROCKPOOL LANE, ATLANTIC BEACH, MELKBOSSTRAND, 7441
Postal Address	4 ROCKPOOL LANE, ATLANTIC BEACH, MELKBOSSTRAND, 7441
Current Tel Number	0215560202
Cell number	0824942810
Shareholding/Membership	50 %

Business Information for UFUK CANER

Principal Current Business Interests

Company Name	Registration No	Status	Age of Business	Judgements	Liquidation	Comment
ARTMAR NATURAL STONE TILES CC	B2006/162631/23	In Business	8 Years 8 Months	0	No
US GLOBAL TRADE CC	B2002/054517/23	In Business	0	0	No

Principal Previous Business Interests

Company Name	Registration No	Status	Age of Business	Judgements	Liquidation	Comment
ALATURCA NATURAL STONE WHOLESALERS CC	B2005/096399/23	In Business	9 Years 9 Months	0	No
ARTMAR NATURAL STONE DURBAN CC	B2009/107811/23	Deregistration Final	5 Years 5 Months	0	No
ARTMAR NATURAL STONE JHB CC	B2009/107806/23	Deregistration Final	5 Years 5 Months	0	No
PROD-U-STAR 94 CC	B2002/020608/23	Deregistration Final		0	No

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.62.45
UK Pound	1	Rs.102.01
Euro	1	Rs.84.35

INFORMATION DETAILS

Report Prepared by :

NIS

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	ARTMAR NATURAL STONE TILES CC
Trading as/ Division Name	ARTMAR NATURAL STONE
Previous Name	Unavailable
Date of Name Change	Unavailable
Registration Number	B2006/162631/23
Registration Date	2006/09/19
Date Commenced Trading	2006-09-19
Age of Business	7 Years 4 Months
History of Business	As per the information provided by CIPC the business has been in operation for 7 years and 4 months
History of Principals	As per the information provided by CIPC, there are two active principal members : SUREYYA CANER and UFUK CANER
Shareholders/Members/Partners of subject and % holding	50 % - SUREYYA CANER, 50 % - UFUK CANER
Authorised Share Capital	R 0.00
Issued Share Capital/Members Contribution	R 0.00
Status	In Business
Operations Assessment	The subject specializes in procuring, importing and wholesaling of travertine, marble, sandstone, limestone tiles, pavers, mosaics, cladding, basins and slabs
Industry/ Customers	The construction, tile production, and marble industries
Export	Yes
Export Countries
Import	Yes
Import Countries
Major Industry Code / SICC	25110
Definition of Code	Stone quarrying: Dimension stone (granite, marble, slate, & wonderstone)
Head Office Physical Address	365 Olympic Duel Road, Northlands Business Park, New Market Street, NORTH RIDING, 2162
Head Office Postal Address	P O BOX 1017, NORTH RIDING, 2162
Current Tel Number	0117047446
Cell Number	Unavailable
Current Fax Number	0865443026
Current Email Address	jhb@artmar.co.za
Web Site Address	www.artmar.co.za
Comments