MIRA INFORM REPORT

Report Date :

27.05.2014

IDENTIFICATION DETAILS

Name :	SIELAMS INVESTMENTS CC

Registered Office :	311 Stephenson Road, Pretoria West, 0183

Country :	South Africa

Date of Incorporation :	29.02.1988

Com. Reg. No.:	B1988/006077/23

Legal Form :	Private Company

Line of Business :	· subjects main operation is to buy and sell new and used engines, gearboxes, generators, motor spares & engine parts to the motor industry Manufacturer of bearings, gears, gearing and driving elements

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 – March 31, 2014

Country Name

Previous Rating

(31.12.2013)

Current Rating

(31.03.2014)

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	SIELAMS INVESTMENTS CC
Country	South Africa
Subject Contact Person	FAHIM MOOSA - Member
Assessment	This is an established business. On investigation contact was made with FAHIM MOOSA, the Member who requested the name of the principal inquirer before he could assist with any information. Please see the available information on the subject below.

Auditors information

Company Registered Name	CORPORATE ACCOUNTANTS
Trading Name	None
Registration Number	7111185307087
Physical Address	Unavailable
Postal Address	P O BOX 2034, BROOKLYN SQUARE, 0075
Contact Person	Unavailable
Contact Number	Unavailable
Email	Unavailable
Judgements Against Subject	Unavailable
Judgements Against Principals	Unavailable
Practice Number	7462
VAT Number	Unavailable
Tax Number	Unavailable
BEE Status	Unavailable
Financial Year End	Unavailable
No of years in Business	10 Years 8 Months
Website	Unavailable

Previous Auditors Information - No Information on Record

Tax information

Vat Number	4400109379
Status	ACTIVE
Vat Liable Date	1991/09/30
Tax Number	9553073843
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

1 Member FAHIM MOOSA

Company Structure (Ownership)

Note: One level up and all levels down

Holding	Company	Sub	Comment
100 % - FAHIM MOOSA	SIELAMS INVESTMENTS 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	1
Average Age of Active Principals	34

Active Principals Principal - 1 of 1 FAHIM MOOSA

Surname	MOOSA
First Name	FAHIM
ID Number	8005215226052
Verified ID Number	Yes
Current Age	34 Years
Designation	Member
Status	Active
Appointment Date	1997/01/29
Physical Address (at time of Appointment)	25 KWACHA STREET, ELDOGLEN, CENTURION, 0157
Postal Address	P O BOX 19786, PRETORIA WEST, GAUTENG, 0183
Current Tel Number	0123862786
Shareholding/Membership	100 %

Principal's Adverse - No information on record

Business Information for FAHIM MOOSA

Principal Current Business Interests

Company Name	Registration No	Status	Age of Business	Judgements	Liquidation	Comment
ADE PRONET (PTY)LTD	K2013/151539/07	In Business	1 Years 1 Months	0	No
AUTO TRUCK AND PLANT CC	B1996/054743/23	In Business	18 Years 6 Months	0	No
CHESEHO INVESTMENTS 7 (PTY)LTD	M2005/018069/07	In Business	9 Years 9 Months	0	No
ERF 542 PROCLAMATION HILL (PTY)LTD	M1996/010303/07	In Business	18 Years 6 Months	0	No
FAMARU (SA) CC	B2004/120041/23	In Business	10 Years 10 Months	0	No
HOS PROPERTY HOLDINGS (PTY)LTD	K2012/190016/07	In Business	2 Years 2 Months	0	No
INYATHI ENGINE AND BODY SPARES CC	B2007/204217/23	In Business	7 Years 7 Months	0	No
LOSAS SASOL QUAGGA (PTY)LTD	K2014/034705/07	In Business	0	0	No
PARAGON CHEMICAL GROUP (PROPERTIES) CC	B1986/021118/23	In Business	28 Years 4 Months	0	No
SIELAMS INVESTMENTS CC	B1988/006077/23	In Business	26 Years 2 Months	0	No
TIFLIN INVESTMENTS (PTY)LTD	M1988/001105/07	In Business	26 Years 2 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
ERF 74 DASPOORT CC	B1993/027463/23		In Business	21 Years 9 Months			0	No
ERF 786 WONDERBOOM SOUTH CC	B1991/018615/23		Deregistration Final	23 Years 11 Months			0	No
GEN WAREHOUSE CC	B2008/119494/23		Deregistration Final	6 Years 6 Months			0	No
GENERATOR DEN CC	B2008/084622/23		Deregistration Final	6 Years 6 Months			0	No
MAGNOLIA RIDGE		Deregistration Final
PROPERTIES 361 (PTY)LTD	2006/004919/07				8 Years 8 Months	0			No

Principal's Deeds Information - No information on record

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.58.58
UK Pound	1	Rs.98.66
Euro	1	Rs.79.81

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	SIELAMS INVESTMENTS CC
Trading as/ Division Name	ENGINE DEN
Previous Name	None
Date of Name Change	None
Registration Number	B1988/006077/23
Registration Date	1988/02/29
Date Commenced Trading	1988-02-29
Age of Business	26 Years 3 Months
History of Business	The subject commenced trading as a new business in 1988.
History of Principals	There is 1 active principal within the business.
Shareholders/Members/Partners of subject and % holding	Unavailable
Status	In Business
Operations Assessment	The subjects main operation is to buy and sell new and used engines, gearboxes, generators, motor spares & engine parts to the motor industry
Industry/ Customers	The automotive industry
Export	Unknown
Import	Unknown
Major Industry Code / SICC	35630
Definition of Code	Manufacturer of bearings, gears, gearing and driving elements
Head Office Physical Address	311 STEPHENSON ROAD, PRETORIA WEST, 0183
Head Office Postal Address	P O BOX 13687, LAUDIUM, 0373
Current Tel Number	0123862786
Cell Number	Unavailable
Current Fax Number	0123861756
Current Email Address	sahim@engineden.co.za
Web Site Address	www.engineden.co.za