MIRA INFORM REPORT

Report No. :	305725
Report Date :	10.02.2015

IDENTIFICATION DETAILS

Name :	HDI INTERNATIONAL SUPPLIES (PTY)LTD
Registered Office :	229 Albert Amon Road, Meadowdale,1600, Gauteng
Country :	South Africa
Date of Incorporation :	01.12.2008
Com. Reg. No.:	M2008/027972/07
Legal Form :	Private Company
Line of Business :	Engaged in supplying & distributing a comprehensive range of locally & internationally branded industrial hardware to the construction, mining, manufacturing & parastatal industries Subject product ranges includes :- · Abrasives · Adhesives & Sealants · Paints & Cleansers · Air Tools & Compressors · Automotive Blades & Cutting · Drill Bits · Augers · Taps & Dies · Gardening · General Tools · Hardware · Lifting & Rigging · Machnie Tools · Measuring & Marking · Power Tools · Spares & Accessories · Safety & Locks · Welding
No of Employees :	Not Available [We tried to confirm the number of employees but no one is ready to part any information from the company management.]

RATING & COMMENTS

MIRA’s Rating :

B

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	A2	A2

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	HDI INTERNATIONAL SUPPLIES (PTY)LTD
Country	SOUTH AFRICA
Subject Contact Person	RENIER - FINANCIAL MANAGER
Assessment	On investigation contact was made with RENIER the financial manager who declined to assist with the information. The subject declined unless the principal enquirer be revealed. At present we have no basis upon which to recommend credit dealings. Please see the available information on the subject below.

Company information

Registered Name	HDI INTERNATIONAL SUPPLIES (PTY)LTD
Trading as/ Division Name	HEAVY DUTY INTERNATIONAL
Previous Name	Unavailable
Date of Name Change	Unavailable
Registration Number	M2008/027972/07
Registration Date	2008/12/01
Date Commenced Trading	2008-12-01
Age of Business	6 Years 1 Months
History of Business	The subject was established in 1982 and went through a name change in 2008. The subject has been trading ever since.
History of Principals	There are 2 active directors within the company.
Shareholders/Members/Partners of subject and % holding	50 % - KARIN NOELINE RITCHIE 50 % - GEORGY GELDENHUYS
Authorised Share Capital	R1000.00
Issued Share Capital/Members Contribution	R 100.00
Status	In Business
Operations Assessment	Engaged in supplying & distributing a comprehensive range of locally & internationally branded industrial hardware to the construction, mining, manufacturing & parastatal industries
Industry/ Customers	The subject supplies to the construction and mining industry.
Product details	· Abrasives · Adhesives & Sealants · Paints & Cleansers · Air Tools & Compressors · Automotive Blades & Cutting · Drill Bits · Augers · Taps & Dies · Gardening · General Tools · Hardware · Lifting & Rigging · Machnie Tools · Measuring & Marking · Power Tools · Spares & Accessories · Safety & Locks · Welding
Export	Yes
Major Industry Code / SICC	85291
Head Office Physical Address	229 ALBERT AMON ROAD, MEADOWDALE,1600 Gauteng
Head Office Postal Address	PO BOX 652,ISANDO,1600
Current Tel Number	+27 (011) 9748725
Current Fax Number	+27 (011) 974 2366
Current Email Address	info@hdi-group.com
Web Site Address	www.hdind.co.za

Auditors information

Company Registered Name	NWANDA INCORPOARETED
Trading Name	NWANDA INC
Registration Number	2004/003741/21
Physical Address	28A RILEY ROAD, BEDFORDVIEW, JOHANNESBURG, GAUTENG, 2007
Postal Address	PO BOX 751767, GARDENVIEW, JOHANNESBURG, GAUTENG, 2047
Contact Person	MAURITZ JANKOWITZ
Contact Number	0116220926
Email	mauritz@nwanda.co.za
Principals	3
Judgements Against Subject	None
Judgements Against Principals	None
Subject Verified as Client	Yes
Practice Number	952451
VAT Number	4840211405
Tax Number	9626261151
BEE Status	Unavailable
Financial Year End	June
No of years in Business	5 Years 10 Months
Website	www.nwanda.co.za

Previous Auditors Information - No Information on Record

Tax information

Vat Number	4270254040
Status	ACTIVE
Vat Liable Date	2009/09/01
Tax Number	9617089165
Financial Year End	February

Black Economic Empowerment

Status	Yes
Score	2.00
Expire Date	May 27 2015
BEE Certificate Available	No

ISO Information - No Information on Record

Workman's compensation

Registered	Yes
Compliance Certified	Yes

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	Director	GEORGY GELDENHUYS
1	Director	KARIN NOELINE RITCHIE

Company Structure (Ownership)

Note: One level up and all levels down

Holding	Company
50% - KARIN NOELINE RITCHIE	HDI INTERNATIONAL SUPPLIES (PTY) LTD
50% - GEORGY GELDENHUYS	HDI INTERNATIONAL SUPPLIES (PTY) LTD

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	3
Average Age of Active Principals	51

Active Principal - 1 of 2 GEORGY GELDENHUYS

Surname	GELDENHUYS
First Name	GEORGY
Marital Status	Single
ID Number	7606190076080
Verified ID Number	Yes
Current Age	38 Years 7 Months
Designation	Director
Status	Active
Appointment Date	2008/12/12
Physical Address (at time of Appointment)	16A NINTH AVENUE, NORWOOD, 2192
Postal Address	PO BOX 652, ISANDO, 1600
Current Tel Number	0119748725
Cell number	0828504635
Shareholding/Membership	50%

Principal's Adverse - No information on record

Business Information for GEORGY GELDENHUYS

Principal Current Business Interests

Company Name	Registration No	Status	Age of Business	Liquidation
AFRICA COMPLETE TRADING CC	B2000/058066/23	Deregistration Final	15 Years 3 Months	No
HDI INTERNATIONAL SUPPLIES (PTY)LTD	M2008/027972/07	In Business	7 Years 7 Months	No
HEAVY DUTY INDUSTRIAL (PTY)LTD	M2001/010961/07	In Business	14 Years 2 Months	No
ISANDO HARDWARE HOLDINGS (PTY)LTD	M2001/010886/07	In Business	14 Years 2 Months	No

Principal's Previous Business Interests - No information on record

Principal Deeds Information

Property Interests for GEORGY GELDENHUYS

Title Deed No.	ST58766/2014	Erf/Site No.	546
Deeds Office	PRETORIA	Physical Address	MORNINGSIDE EXT 34
Property Type	U	Extent / Size	71.0SQM
Purchase Date	2013/05/21	Purchase price	R1095000.00
% Ownership	0.00	Bond Holder	NEDBANK LTD
Bond Number	SB374712014	Bond Amount	R 805700.00

Property Interests for GEORGY GELDENHUYS

Title Deed No.	T79047/2006	Erf/Site No.	1
Deeds Office	JOHANNESBURG	Physical Address	1 DAVIDSON JOHANNESBURG
Property Type	F	Extent / Size	494.00000000
Purchase Date	2006/08/28	Purchase price	R1500000.00
% Ownership	0.00	Bond Holder	NEDBANK LTD
Bond Number	B1089002006	Bond Amount	R1450000.00

Property Interests for GEORGY GELDENHUYS

Title Deed No.	T79047/2006	Erf/Site No.	1
Deeds Office	JOHANNESBURG	Physical Address	1 DAVIDSON JOHANNESBURG
Property Type	F	Extent / Size	494.00000000
Purchase Date	2006/08/28	Purchase price	R1500000.00
% Ownership	0.00	Bond Holder	NEDBANK LTD
Bond Number	B1089002006	Bond Amount	R1450000.00

Property Interests for GEORGY GELDENHUYS

Title Deed No.	T81902/2004	Erf/Site No.	897
Deeds Office	JOHANNESBURG	Physical Address	6 MARULA EDENVALE
Property Type	F	Extent / Size	872.00000000
Purchase Date	2004/09/06	Purchase price	R1600000.00
% Ownership	0.00	Bond Holder	STANDARD BANK OF SOUTH AFRICA LTD
Bond Number	B848072004	Bond Amount	R1600000.00

Property Interests for GEORGY GELDENHUYS

Title Deed No.	T48480/2012	Erf/Site No.	182
Deeds Office	JOHANNESBURG	Physical Address	16 9TH PARKTOWN NORTH JOHANNESBURG
Property Type	E	Extent / Size
Purchase Date	2012/03/06	Purchase price	R 4500000.00
% Ownership	0.00	Bond Holder	NEDBANK LTD
Bond Number	B351572012	Bond Amount	R 3705700.00

Property Interests for GEORGY GELDENHUYS

Title Deed No.	ST49380/2000	Erf/Site No.	73
Deeds Office	JOHANNESBURG	Physical Address	111 GROBLER BEDFORDVIEW GERMISTON
Property Type	U	Extent / Size
Purchase Date	2000/02/24	Purchase price	R175000.00
% Ownership	0.00	Bond Holder	NEDCOR BANK LTD
Bond Number	SB288812000	Bond Amount	R145000.00

Active Principal - 2 of 2 KARIN RITCHIE

Surname	RITCHIE
First Name	KARIN
Other Names	NOELINE
Marital Status	Single
ID Number	5805170034083
Verified ID Number	Yes
Current Age	56 Years 8 Months
Designation	Director
Status	Active
Appointment Date	2008/12/12
Physical Address (at time of Appointment)	28 HANNABEN STREET, LINKSFIELD RIDGE, 2198
Postal Address	P O BOX 652, ISANDO, 1600
Current Tel Number	0119748725
Shareholding/Membership	50°%

Principal's Adverse - No information on record

Business Information for KARIN RITCHIE

Principal Current Business Interests

Company Name	Registration No	Status	Age of Business	Liquidation
HDI INTERNATIONAL SUPPLIES (PTY)LTD	M2008/027972/07	In Business	7 Years 7 Months	No

Principal's Previous Business Interests - No information on record

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.62.14
UK Pound	1	Rs.94.79
Euro	1	Rs.70.38

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%)

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