MIRA INFORM REPORT

Report Date :

18.09.2014

IDENTIFICATION DETAILS

Name :	MAVERICK FLEXIBLE (PTY)LTD

Registered Office :	23 Reen Ave, Athlone Industria 1, 7475

Country :	South Africa

Date of Incorporation :	20.04.2005

Com. Reg. No.:	M2005/012037/07

Legal Form :	Private Company

Line of Business :	The subject specialises in the manufacture and sale of flexible packaging, including thermal lamination and flexo printing.

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 – June 1, 2014

Country Name

Previous Rating

(31.03.2014)

Current Rating

(01.06.2014)

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 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	MAVERICK FLEXIBLE (PTY)LTD
Country	South Africa
Subject Contact Person	ADRIAN ELLIS JACKSON - DIRECTOR
Assessment	This is an established business. On investigation contact was made with ADRIAN ELLIS JACKSON the director, who requested the name of the principal enquirer before he would assist with any detailed information on his business. We are still awaiting to confirm if MR JACKSON owns all 3 properties mentioned in the report. In view of the absence of trade references and a bank code we cannot recommend credit dealings. Please see the available information on the subject below. Should our client be able to assist with the enquirers name please advise.

Auditors information

Company Registered Name	ALLIOTTE ANDERSON NELL INC
Trading Name	None
Registration Number	M2003/003246/21
Physical Address	75 MAIN ROAD, DIEP RIVER, CAPE TOWN, 8000
Postal Address	P O BOX 657, PLUMSTEAD, 7801
Contact Person
Contact Number	0217138400
Email	info@aan.co.za
Practice Number	900875
VAT Number	4480204850
Tax Number	9284457158
No of years in Business	8 Years 5 Months
Website	www.aan.co.za
Comment

Previous Auditors Information - No Information on Record

Tax information

Vat Number	4760221491
Status	ACTIVE
Vat Liable Date	2005/08/01
Tax Number	9628421159
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 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	DIRECTOR	ADRIAN ELLIS JACKSON

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

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 - No information on record

Principals

Number of Principals	1
Average Age of Active Principals	38
Active Principals Active Principal - 1 of 1 ADRIAN JACKSON
Surname	JACKSON
First Name	ADRIAN
Other Names	ELLIS
Marital Status	Married
ID Number	7608205219085
Verified ID Number	Yes
Current Age	38 Years 1 Months
Designation	BUSINESSPERSON
Status	Active
Appointment Date	2005/05/23
Physical Address (at time of Appointment)	31 PANORAMA ROAD, SOMERSET WEST, WESTERN CAPE, 7130
Postal Address	P O BOX 844, EPPINDUST, WESTERN CAPE, 7475
Current Tel Number	0216991920
Cell number	0833318581
Shareholding/Membership

Principal's Adverse - No information on record

Business Information for ADRIAN JACKSON Principal Current Business Interests

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

MAVERICK

FLEXIBLE

(PTY)LTD

M2005/012037/07

In Business

9 Years 9 Months

MAVERICK GLOBAL SA (PTY)LTD

K2014/018688/07

In Business

Principal's Previous Business Interests - No information on record

Principal Deeds Information

Property Interests for ADRIAN JACKSON
Title Deed No.	ST13359/2002	Erf/Site No.	1451
Deeds Office	CAPE TOWN	Physical Address	2 SEYMOUR VREDEHOEK CAPE TOWN
Property Type	U	Extent / Size	56.0 SQM
Purchase Date	2002/05/13	Purchase price	R195000.00
% Ownership	0.00	Bond Holder	A B S A BANK LTD
Bond Number	SB74002002	Bond Amount	R195000.00
Comment
Property Interests for ADRIAN JACKSON
Title Deed No.	T14288/2004	Erf/Site No.	8934
Deeds Office	CAPE TOWN	Physical Address	14 NEW SOMERSET WEST
Property Type	F	Extent / Size	271.00000000
Purchase Date	2003/12/10	Purchase price	R 400000.00
% Ownership	0.00	Bond Holder	STANDARD BANK OF SOUTH AFRICA LTD
Bond Number	B117152004	Bond Amount	R 400000.00
Comment
Property Interests for ADRIAN JACKSON
Title Deed No.	T66900/2001	Erf/Site No.	14234
Deeds Office	CAPE TOWN	Physical Address	88 BIZWENI SOMERSET WEST
Property Type	F	Extent / Size	765.00000000
Purchase Date	2001/03/15	Purchase price	R126000.00
% Ownership	0.00	Bond Holder	ABSA BANK LTD
Bond Number	B457672001	Bond Amount	R126000.00
Comment

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.60.95
UK Pound	1	Rs.99.32
Euro	1	Rs.78.97

INFORMATION DETAILS

Analysis Done by :	SUB

Report Prepared by :	SDA

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	MAVERICK FLEXIBLE (PTY)LTD
Trading as/ Division Name	None
Previous Name	None
Date of Name Change	Jun 17 2005 12:00AM
Registration Number	M2005/012037/07
Registration Date	2005/04/20
Date Commenced Trading	2005-04-20
Age of Business	9 Years 5 Months
History of Business	The subject commenced trading in 2005
History of Principals	There is 1 active principal within the subject
Shareholders/Members/Partners of subject and % holding	Unavailable
Status	In Business
Operations Assessment	The subject specialises in the manufacture and sale of flexible packaging, including thermal lamination and flexo printing.
Industry/ Customers	Wholesalers
Major Industry Code / SICC	32323
Definition of Code	MANUFACTURE OF PACKING MATERIAL
Head Office Physical Address	23 REEN AVE, ATHLONE INDUSTRIA 1, 7475
Head Office Postal Address	P O BOX 844, EPPINGDUST, 7475
Current Tel Number	0216991920
Cell Number	0833318581
Current Email Address	adrian@maverickflexible.co.za
Web Site Address	www.maverickflexible.co.za
Comments