MIRA INFORM REPORT

Report No. :	345700
Report Date :	24.10.2015

IDENTIFICATION DETAILS

Name :	JYOTI STRUCTURES AFRICA (PTY) LTD

Formerly Known As :	MARBLE GOLD 408 (2006/10/12)

Registered Office :	57 Wessels Road, Chelsea Office Park Block D Rivonia Gauteng 2128

Country :	South Africa

Date of Incorporation :	06.09.2006

Com. Reg. No.:	2006/027778/07

Legal Form :	Private Company (Pty) Ltd

Line of Business :	Not Available [We tried to confirm / obtain the detailed activity but the same is not available from any sources]

No. of Employee :	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, 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

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

CONTACT DETAILS

Registered Physical Address

57 WESSELS ROAD

CHELSEA OFFICE PARK BLOCK D RIVONIA

Gauteng 2128

Postal Address

P O BOX 418 GLENVISTA JOHANNESBURG

Gauteng 2058

* Please note that the current physical address may differ from the registered physical address.

TAX INFORMATION

AUDITORS INFORMATION

NAME: VOS STEYN LABUSCHAGNE INCORPORATED

GENERAL COMMENTS

Comments Contact was made with Mr Ngosavi at the subject, who advised that he escalated our request to the finance department in Dubai and is awaiting a reply. We have not received a response from him to date and have in the meantime closed the file. Nonetheless, please see statutory information contained in this report.

OWNERSHIP STRUCTURE

PRINCIPAL INFORMATION PRINCIPAL DETAILS

Full Name	ID No.	Designation	Status	Date of Appoint- ment	Active Interests	Prev. Interests	Judg- ments	Fraud Listing
MEMANI, KENNEDY XOLISA	6507185312087		Active	08/03/2010	25	15	0	0
THAKUR, PRAKASH KANAYALAL	6902280000000		Active	25/09/2006	1	0	0	0
DAL-BIANCO, BRUNO PIETRO	5106145028189		Active	01/12/2013	2	0	0	0
NAYAK, SANTOSH VITHAL	5912150000000		Active	25/09/2006	1	0	0	0
DHAWAKIERAM, VEENA	6912160048088		Resigned	25/09/2006	0	0	0	0
HOSEK TRUST,			Resigned	01/02/2011	15	25	0	0
BISHOP, DENNIS JACOBUS	5011075078008		Resigned	06/09/2006	0	0	0	0

ACTIVE BUSINESS INTERESTS: BRUNO PIETRO DAL-BIANCO

Company Name	Registration No.	Business Status	Principle Status	Judgments
JYOTI STRUCTURES LIMITED	2011/109941/10	In Business	Active	0

ACTIVE BUSINESS INTERESTS: KENNEDY XOLISA MEMANI

Company Name	Registration No.	Business Status	Principle Status	Judgments
BONANCHI TECHNOLOGIES	2003/024476/07	AR Deregistration Process	Active	0
BUMBANO PROPERTIES	1998/011372/07	In Business	Active	0
BURLINGTON STRATEGY ADVISORS	2004/002573/07	In Business	Active	0
JACKPOT CITY	2013/215702/07	In Business	Active	0
JACKPOT CITY ENGCOBO	2014/185700/07	In Business	Active	0
K R E M CAPITAL	1999/014408/07	In Business	Active	0
LILIZO INVESTMENTS	2010/008251/07	In Business	Active	0
MAIN STREET 272	2004/034198/07	AR Final deregistration	Active	0
MASTOLOX	2013/210955/07	In Business	Active	0
MBUMBA COMMUNICATION TECHNOLOGIES	1997/012641/07	AR Final deregistration	Active	0
NEXUS FACILITY MANAGEMENT	2009/003348/07	In Business	Active	0
NEXUS OP COMPANY	2007/008029/07	In Business	Active	0
QUANTUM LEAP INVESTMENTS 517	2001/008163/07	In Business	Active	0
SCSA HOLDINGS	2002/021012/07	In Business	Active	0
SONKE COMPUTER SERVICES AFRICA	2002/027162/07	In Business	Active	0
SWASAP	1999/027286/07	In Business	Active	0
THE LINK CONSORTIUM	2013/214759/07	In Business	Active	0
TROPICAL PARADISE TRADING 527	2006/021205/07	In Business	Active	0
TSIPI DISTRIBUTION	2015/029470/07	In Business	Active	0
U 4 US INVESTMENTS	2005/027614/07	AR Final deregistration	Active	0
UKWANDA RAIL	2014/285962/07	In Business	Active	0
UKWANDA STEEL SERVICES	2015/032838/07	In Business	Active	0
UMTHOMBO CAPITAL VENTURES	2005/003318/07	Deregistration Final	Active	0
XKM FINANCIAL ADVISORY SERVICES	1996/017349/07	In Business	Active	0

PREVIOUS BUSINESS INTERESTS: KENNEDY XOLISA MEMANI

Company Name	Registration No.	Business Status	Principle Status	Judgments
AMB CAPITAL	1996/016470/07	In Business	Resigned	0
AMB HOLDINGS	1995/003054/07	In Business	Resigned	0
ATTERBURY IP COMPANY	2001/013163/07	In Business	Resigned	0
COVEWAY TRADE AND INVEST 25	2007/004919/07	Dissolved	Resigned	0
ELECTRONIC MEDIA NETWORK	1985/002853/07	In Business	Resigned	0
EMCOM AFRICA	1998/000387/07	In Business	Resigned	0
IMFIHLAKALO ASSET MANAGEMENT	2006/002926/07	In Business	Resigned	0
IZWELONKE CAPITAL	2006/032000/07	Deregistration Final	Resigned	0
MAWANDE TELECOMMUNICATIONS	2005/024276/07	Dissolved	Resigned	0
NEW DIAMOND CORPORATION	1998/025116/07	In Business	Resigned	0
PARETO	1998/000118/06	In Business	Resigned	0
SEPHAKU GOLD EXPLORATION	2004/030908/07	In Business	Resigned	0
SOUTH AFRICAN BROADCASTING CORPORATION	2003/023915/30	In Business	Resigned	0
SUPERSPORT INTERNATIONAL HOLDINGS	1997/004203/07	In Business	Resigned	0
TETA BUSINESS DEVELOPMENT ASSOCIATES	2008/021326/07	AR Final deregistration	Resigned	0

ADMIN DETAILS

INTERVIEWER

Contact Tel No.	+27 10 001 0540
Email	research@inoxico.com

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.64.88
UK Pound	1	Rs.99.89
Euro	1	Rs.72.06

INFORMATION DETAILS

Analysis Done by :	TRI

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	JYOTI STRUCTURES AFRICA (PTY) LTD
Previous Names	MARBLE GOLD 408 (2006/10/12);
Registration Number	2006/027778/07
Type of Company	Private Company (Pty) Ltd
Registration Date	06/09/2006
Commercial Status	In Business