MIRA INFORM REPORT

Report No. :	353665
Report Date :	18.12.2015

IDENTIFICATION DETAILS

Name :	PERSIAN DREAM TRADING CC

Registered Office :	Ground Floor Protea Cornerprotea Lenasia EXT 8 1827

Country :	South Africa

Date of Incorporation :	12.05.2005

Com. Reg. No.:	2005/049532/23

Legal Form :	Close Corporation (CC)

Line of Business :	The subject is involved in importing,exhibition and retail of Persian products such as carpets,shoes and clothing material.

No. of Employee :	5

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 :	No complaints

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, 2015

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

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. Economic growth has decelerated in recent years, slowing to just 1.5% in 2014. 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, is building three new power stations and is installing 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 and early 2015 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 electrical supply problems are resolved.

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 due to strike action. The current government faces growing pressure from urban constituencies to improve the delivery of basic services to low-income areas and to increase job growth.

Source : CIA

General Comments

This is an established business. No adverse information has been recorded in the name of the subject or its principals. Accounts are paid on due date. The subject is considered equal for its normal business engagements.

STATUTORY INFORMATION

Registered Name	PERSIAN DREAM TRADING CC
Registration Number	2005/049532/23
Type of Company	Close Corporation (CC)
Registration Date	12/05/2005
Date Commenced Trading	12/05/2005
Commercial Status	In Business

CONTACT DETAILS

Contact Number	+27 11 022 6010
Email Address	salmanrug@gmail.com
Fax Number	none
Website	none
Social Media Presence	No social media presence
Registered Physical Address	GROUND FLOOR PROTEA CORNERPROTEA AND GARRICK AVENUE LENASIA EXT 8 1827
Trading Physical Address	GROUND FLOOR PROTEA CORNERPROTEA AND GARRICK AVENUE LENASIA EXT 8 1827
Postal Address	P O BOX 10604 LENASIA EXT 7 EN 8 GAUTENG 1821

TAX INFORMATION

Income Tax Number	9418674157
VAT Number	4540220599

AUDITORS INFORMATION

Name	COOVADIA ASSOCIATES
Contact Person	DAWOOD COOVADIA
Contact Number	+27 11 854 1490

OWNERSHIP STRUCTURE

Shareholders/Members	Share/Interest (%)
SALMAN AGHAEI	100

PRINCIPAL INFORMATION PRINCIPAL DETAILS

Full Name	ID No.	Designation	Status	Date of Appoint- ment	Active Interests	Prev. Interests	Judg- ments	Fraud Listing
AGHAEI, SALMAN	7708270000000	Director	Active	12/05/2005	0	0	0	0
ALI REZA, BAGHERI OROMI	630410000000		Resigned	12/05/2005	0	0	0	0
ALI, BID ABADI	6705180000000		Resigned	06/02/2006	0	0	0	0
FAGHIHI KASHANI, AMIR VAHID	6905250000000	Director	Resigned	06/02/2006	0	0	0	0

General comments

Comments NON COMPLIANT

BANK ACCOUNT VERIFICATION

Verified	Yes
Bank Name	ABSA BANK
Account Holder	PERSIAN DREAM TRADING CC
Account Number	4063092078

OPERATIONS

MAJOR OPERATIONS

Major Business Activities	The subject is involved in importing,exhibition and retail of Persian products such as carpets,shoes and clothing material.
Foreign Trade Activities	The subject is involved in importing of Persian carpets,shoes and clothing material importing from Pakistan Iran and India. Annual value was declined.
Major Suppliers	RASULY RUGS CC: MR MEHBI: It was stated by the subject that he deals mostly with overseas suppliers.
Major Customers	Private sector.
Major Brands	None

BRANCH & PREMISES INFORMATION

Location	Description/Type	Size (m²)	# of Staff	Rented or Owned	If rented: Lease Expiry Date
HONEYDEW	STORAGE		3	Rented
RANDBURG	Warehouse		3	Owned	n/a

EMPLOYEES

Salaried Employees	5
Total Permanent Employees	5

COMPANY FLEET

Total Vehicles	1
Fleet Operations	-
This Fleet is Made Up of:
Light Delivery Vehicles	1

FINANCING TERMS

Sales Terms	30 days,60 days,
Overdraft	The subject does not operate with an overdraft facility.
Sureties	The directors have not signed surety on behalf of the company.
Debtors Ceded	The debtors have not been ceded.
Debtors Factored	The debtors have not been factored.
Bonds	There are no bonds attached to the company
Date Obtained	2015/12/08
Year End	February

FINANCIAL FIGURES

Actual numbers, 000’ or min Actual Number

Comment Financial information was declined

TRADE REFERENCES

TRADE REFERENCE ANALYTICS

# of Trade Refs in the last 3 years	Overall Trade Score	Average Usage of Terms	Average Monthly Purchase	Average Usage of Credit Limit
2	100%	100%	75,000.00 ZAR	50%

TRADE REFERENCES

Trade Ref #

Date

Trade Score

2 = best

0 = worst

Terms Given (Taken) in days

Monthly Limit Given (Taken)

Account Opened years

Payment Trend

(prev. 3 years)

Acc. Insured

Notes

Ref 1

09/12/2015

30 (30)

Open (50,000 ZAR)

Excellent account.

Ref 2

09/12/2015

60 (60)

200,000

ZAR (100,000 ZAR)

Unknown

Excellent account.

GENERAL COMMENTS

Comments No further trade references were not made available.

ADMIN DETAILS

INTERVIEWER

Contact Tel No.

+27 10 001 0540

LEGEND

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.66.65
UK Pound	1	Rs.99.61
Euro	1	Rs.72.33
ZAR	1	Rs.4.39

Note : Above are approximate rates obtained from sources believed to be correct

INFORMATION DETAILS

Analysis Done by :	DIV

Report Prepared by :	TRU

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.

History	PERSIAN DREAM TRADING CC was established in 2005 it was stated that trading commenced immediately after registration.
Major Operations or Business Sectors	The subject is involved in import and retail of hand made persian carpets,shoes and clothing material.
Industry	Import
SIC Code(s)	65(Import)