MIRA INFORM REPORT

Report Date :

31.07.2014

IDENTIFICATION DETAILS

Name :	VUKUZIMELE IMPORT AND EXPORT SERVICES CC

Registered Office :	104 Meerkat Street, Zesfontein, Benoni, 1623

Country :	South Africa

Date of Incorporation :	19.05.2006

Com. Reg. No.:	B2006/078606/23

Legal Form :	Private Company

Line of Business :	Not Available

No of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended

Status :	Deregistration Process

Payment Behaviour :	----

Litigation :	----

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 – June 01, 2014

Country Name

Previous Rating

(31.03.2014)

Current Rating

(01.06.2014)

South Africa

Risk Category	ECGC Classification
Insignificant	A1
Low Risk	A2
Moderate Low Risk	B1
Moderate Risk	B2
Moderate High Risk	C1
High Risk	C2
Very High Risk	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 16th largest in the world. Even though the country's modern infrastructure supports a relatively efficient distribution of goods to major urban centers throughout the region, unstable electricity supplies retard growth. The global financial crisis reduced commodity prices and world demand. GDP fell nearly 2% in 2009 but has recovered since then, albeit slowly with 2014 growth projected at about 2%. Unemployment, poverty, and inequality - among the highest in the world - remain a challenge. Official unemployment is at nearly 25% of the work force, and runs significantly higher among black youth. Eskom, the state-run power company, has built two new power stations and installed new power demand management programs to improve power grid reliability. Construction delays at two additional plants, however, mean South Africa is operating on a razor thin margin; economists judge that growth cannot exceed 3% until those plants come on line. 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	VUKUZIMELE IMPORT AND EXPORT SERVICES CC
Country	South Africa
Subject Contact Person	JUN CALITZ - Owner
Assessment	On investigation contact was made with JUN CALITZ the owner of the business who declined to provide any information. The subject declined on the basis that they do not do any business in India. Please see the available information obtained below.

Auditors information

Company Registered Name	BUKS MULLER AND CO
Trading Name	Unavailable
Registration Number	Unavailable
Physical Address	Unavailable
Postal Address	P O BOX 2891, SPRINGS, 1560
Contact Person	Unavailable
Contact Number	Unavailable
Email	Unavailable
Judgements Against Subject	Unavailable
Judgements Against Principals	Unavailable
Practice Number	9223
VAT Number	Unavailable
Tax Number	Unavailable
BEE Status	Unavailable
Financial Year End	Unavailable
No of years in Business	Unavailable
Website	Unavailable
Comment	The listed auditor advised that they are no longer the auditor for VUKUZIMELE IMPORT AND EXPORT SERVICES CC.

Previous Auditors Information - No Information on Record

Tax information

Vat Number	4090229438
Status	ACTIVE
Vat Liable Date	2006/05/01
Tax Number	9113306162
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

Organisational Chart - No In formation 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

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	1
Average Age of Active Principals	43

Active Principals Principal - 1 of 1 JUN CALITZ

Surname	CALITZ
First Name	JUN
ID Number	7111101110086
Verified ID Number	Yes
Current Age	42 Years 8 Months
Designation	OWNER
Status	Active
Appointment Date	2006/05/19
Physical Address (at time of Appointment)	104 MEERKAT STR, ZESFONTEIN, BENONI, 1623
Postal Address	P.O. BOX 14717, BREDEL, 1623
Current Tel Number	0113985234
Cell number	0832694527
Shareholding/Membership	100.00

Principal's Adverse - No information on record

Business Information for JUN CALITZ

Principal Current Business Interests

Company Name	Registration No	Status	Age of Business	Judgements	Liquidation	Comment
VUKUZIMELE IMPORT AND EXPORT SERVICES CC	B2006/078606/23	Deregistration Process	8 Years 8 Months	0	No

Principal's Previous Business Interests - No information on record

Principal Deeds Information

Property Interests for JUN CALITZ

Title Deed No.	ST55240/2008	Erf/Site No.	3110,0
Deeds Office	JOHANNESBURG	Physical Address	177 PRES HOFFMAN RYNFIELD BENONI
Property Type	U	Extent / Size
Purchase Date	2008/06/05	Purchase price	R 708000.00
% Ownership	0.00	Bond Holder	FIRSTRAND BANK LTD
Bond Number	SB639622008	Bond Amount	R 708000.00

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.60.15
UK Pound	1	Rs.101.92
Euro	1	Rs.80.64

INFORMATION DETAILS

Analysis Done by :	DIV

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	VUKUZIMELE IMPORT AND EXPORT SERVICES CC
Trading as/ Division Name	Unavailable
Previous Name	Unavailable
Date of Name Change	2008-11-04
Registration Number	B2006/078606/23
Registration Date	2006/05/19
Date Commenced Trading	2006-05-19
Age of Business	8 Years 2 Months
History of Business	The business is in operation for the past 8 Years 2 Months.
History of Principals	There is 1 active member within the business.
Shareholders/Members/Partners of subject and % holding	100% - JUN CALITZ
Authorised Share Capital	R 0.00
Issued Share Capital/Members Contribution	R 0.00
Status	Deregistration Process
Operations Assessment	Declined
Industry/ Customers	Declined
Export	Declined
Import	Declined
Major Industry Code / SICC	9000
Definition of Code	Other activities not adequately defined.
Head Office Physical Address	104 MEERKAT STREET, ZESFONTEIN, BENONI, 1623
Head Office Postal Address	PO BOX 14717, BREDELL, 1623
Current Tel Number	0119794527
Cell Number	0832697803
Current Fax Number	Unavailable
Current Email Address	Unavailable
Web Site Address	Unavailable