MIRA INFORM REPORT

Report No. :	313886
Report Date :	20.03.2015

IDENTIFICATION DETAILS

Name :	MOOSA THEBA TRADING CC

Registered Office :	1 Medina Street, Anchorville, Lenasia, 1821, P O Box 1224 Lenasia,1820

Country :	South Africa

Date of Incorporation :	25.07.1995

Com. Reg. No.:	B1995/030562/23

Legal Form :	Closed Corporation

Line of Business :	The subject imports and distributes crockery, glassware, plasticware, hardware in specialized stores.

No. of Employees :	15

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 – December 31, 2014

Country Name

Previous Rating

(30.09.2014)

Current Rating

(31.12.2014)

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 Africa’s largest and among the top 20 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, and GDP fell nearly 2% in 2009 but has recovered since then, albeit slowly, with 2014 growth less than 2%. Unemployment, poverty, and inequality - among the highest in the world - remain a challenge. Official unemployment is roughly 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. Load shedding and resulting rolling blackouts gripped many parts of South Africa in late 2014 because of electricity supply constraints that resulted from technical problems at some generation units, unavoidable planned maintenance, and an accident at a power station in Mpumalanga province. The rolling black outs were the worst the country faced since 2008. Construction delays at two additional plants, however, mean South Africa will continue to operate 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 faces structural constraints that also limit economic growth, such as skills shortages, declining global competitiveness and frequent work stoppages. 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 and address

Subject Name	MOOSA THEBA TRADING CC
Country	South Africa
Assessment	This is an established business. On investigation contact was made with RIDWAAN VALLY, the Member who assisted with the basic information. The director was unwilling to provide trade references as he only purchases from foreign entities. Banking details were declined as it is regarded as confidential. No adverse information was revealed. It is suggested dealings be secured in view of the lack of a payment pattern and bank code if dealings are to be made on a credit basis. Please see the available information obtained below.

Auditors Information

Company Registered Name	G S AKOOJEE AND ASSOCIATES
Trading Name
Registration Number
Physical Address	120 NIRVANA DRIVE, JOHANNESBURG, 1827
Postal Address	P.O.BOX 2087,LENASIA,1820
Contact Person	Unavailable
Contact Number	0118522520
Email	saber@gsakoojee.co.za
Principals	1
Judgements Against Subject	Unavailable
Judgements Against Principals	Unavailable
Subject Verified as Client	Yes
Practice Number	4144
VAT Number	Unavailable
Tax Number	Unavailable
BEE Status	Unavailable
Financial Year End	Unavailable
No of years in Business	Unavailable
Website	www.gsakoojee.co.za
Comment	The subject is a Sole Proprietor.

Previous Auditors Information - No Information on Record

Tax Information

Vat Number	4090214356
Status	ACTIVE
Vat Liable Date
Tax Number	9409417848
Tax Clearance Expire Date
Financial Year End	February
Comment

Black Economic Empowerment

Status	No
Score
Expire Date
BEE Certificate Available	No
Comment

ISO Status

Type of ISO Grade
ISO Certificate	No
ISO Certificate Available	No
Certified by an Accredited Agent	No
Comment

Workman's compensation

Registered	Yes
Compliance Certified	Yes
Comment

Company Structure

Subsidiaries Information - No Information on Record

Employees

Number of Employees	15
1. Salaried employees
2. Waged employees
3. Permanent employees	15
4. Casual employees
5. Contracted employees
Comment
Company Fleet
Company Fleet	No of vehicles:	Owned/Leased	Value	Outstanding Balance
Fleet Operations
The Fleet is made up of	9
Comment
Cars	5	Owned
Trucks	3	Owned
Fork Lifts	1	Owned

Offices

Offices	Offices
Head Office Owned/ Rented	Owned
Rental Company
Owned by	RIDWAAN VALLY (Member)
Value
Bond
Bank
Lease Agreement
Lease Expire Date
Type of Premises	Warehouse
Comment	The Member has stated that he owns the premises, however no further details were made available.

Branch Information - No Information on Record

Management Overview

Organisation Chart

Level	Position	Name	Comment
1	Member	RIDWAAN VALLY

Company Structure (Ownership)

Note: One level up and all levels down

Holding	Company	Sub	Comment
100% - RIDWAAN VALLY	MOOSA THEBA TRADING CC	None

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

Bank	HBZ BANK
Branch	Unavailable
Brach Code	570105
Bank Account Number	Unavailable
Type of Account	Unavailable
Account Name	MOOSA THEBA TRADING CC
Overdraft Facilities	Unavailable
Bank Code	Unavailable
Bank Comment	Unavailable

Bank Code History - No Information on Record

Previous Bank Account Information - No Information on Record

Deeds Information - No information on record

Financial Information

Financial Estimates

CURRENT ASSETS
Stock
Debtors
FIXED ASSETS
Plant, Equipment, Vehicles
Property
CURRENT LIABILITIES
Creditors
Loans/ From?
Loan Details
LONG TERM LIABILITIES
Morgage Bonds
Previous Year Turnover
Estimated Current Year Turnover
Current Turnover per month
Current Turnover per annum
Comment	Figures were declined as they are regarded as confidential.

Please note the following:
Turnover and assets less than R 1,000,000.00	The subject falls within the National Credit Act
Turnover and assets less than R 2,000,000.00	The subject falls within the Consumer Protection Act

Principals

Number of Principals	1
Average Age of Active Principals	39
Number of Inactive Principals

Active Principals

Active Principal - 1 of 1

RIDWAAN VALLY

Surname	VALLY
First Name	RIDWAAN
Other Names
Marital Status
ID Number	7604115143085
Verified ID Number	Yes
Current Age	38 Years 11 Months
Designation
Status	Active
Appointment Date	2004/03/10
Physical Address (at time of Appointment)	177 NIVANA DRIVE, LENASIA, 1827
Postal Address	PO BOX 1224, LENASIA, 1820
Current Tel Number
Cell number
Shareholding/Membership	100.00

Principal's Adverse - No information on record

Business Information for RIDWAAN VALLY

Principal Current Business Interests

Company Name	Registration No	Status	Age of Business	Judgements	Liquidation	Comment
ANONIMITY INVESTMENTS CC	B2008/097278/23	AR Final Deregistration	6 Years 10 Months	0	No
ERF 1370 ZAKPARK PROPERTY INVESTMENT CC	B2007/022266/23	In Business	8 Years 1 Months	0	No
I R VALLY CC	B2001/022584/23	AR Final Deregistration	13 Years 11 Months	0	No
KHAGO INVESTMENTS (PTY)LTD	M2001/028954/07	In Business	13 Years 3 Months	0	No
M N I (PTY)LTD	M1960/003121/07	Deregistration Process	54 Years 7 Months	0	No
MOOSA THEBA TRADING CC	B1995/030562/23	In Business	19 Years 8 Months	0	No
SEA LAKE PROPERTIES (PTY)LTD	M1969/010142/07	In Business	45 Years 8 Months	0	No
THE PAINT AND BODY SHOP CC	B1991/023353/23	In Business	23 Years 6 Months	0	No
TRUTON TRADING CC	B2011/102657/23	Deregistration Process	3 Years 8 Months	0	No

Principal's Previous Business Interests - No information on record

Principal's Deeds Information - No information on record

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.62.42
UK Pound	1	Rs.92.99
Euro	1	Rs.67.29

INFORMATION DETAILS

Analysis Done by :	DIV

Report Prepared by :	VNT

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	MOOSA THEBA TRADING CC
Trading as/ Division Name	THEBA ENTERPRISES
Previous Name	None
Date of Name Change
Registration Number	B1995/030562/23
Registration Date	1995/07/25
Date Commenced Trading	1995
Age of Business	19 Years 8 Months
History of Business	MOOSA THEBA TRADING CC trading as THEBA ENTERPRISES commenced trading as a new company in 1995.
History of Principals	There is 1 active member.
Shareholders/Members/Partners of subject and % holding	100% - RIDWAAN VALLY
Authorised Share Capital
Issued Share Capital/Members Contribution
Status	In Business
Operations Assessment	The subject imports and distributes crockery, glassware, plasticware, hardware in specialized stores.
Industry/ Customers	Wholesale of Home Furnishings
Export	Yes
Export Countries
Import	Yes
Import Countries	China,India,Indonesia
Major Industry Code / SICC	61399
Definition of Code	Wholesale trade in other household goods n.e.c
Head Office Physical Address	1 MEDINA STREET,ANCHORVILLE,LENASIA,1821
Head Office Postal Address	P O BOX 1224LENASIA,1820
Current Tel Number	0118571191
Cell Number
Current Fax Number	0118571199
Current Email Address
Web Site Address
Comments