MIRA INFORM REPORT

Report No. :	505440
Report Date :	27.04.2018

IDENTIFICATION DETAILS

Name :	C AND F INTERNATIONAL (PTY) LTD
Registered Office :	1St Floor Convention Towers, Cnr Of Heerengracht And Walter Sisulu Foreshore Cape Town, Western Cape, 8001
Country :	South Africa
Date of Incorporation :	29.06.2016
Com. Reg. No.:	2016/258072/07
Legal Form :	Private Company
Line of Business :	The subject is involved in the importing and exporting of fruit and vegetables
No. of Employees :	7

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23^rd January 2017)

MIRA’s Rating :

B

Credit Rating	Explanation	Rating Comments
B	Medium Risk	Business dealings permissible on a regular monitoring basis

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

Country Name	Previous Rating (30.09.2017)	Current Rating (31.12.2017)
South Africa	A2	A2

Risk Category	ECGC Classification
Insignificant	A1
Low Risk	A2
Moderately Low Risk	B1
Moderate Risk	B2
Moderately High Risk	C1
High Risk	C2
Very High Risk	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.

Economic growth has decelerated in recent years, slowing to an estimated 0.7% in 2017. Unemployment, poverty, and inequality - among the highest in the world - remain a challenge. Official unemployment is roughly 27% of the workforce, and runs significantly higher among black youth. 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. 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 but has been plagued with accusations of mismanagement and corruption and faces an increasingly high debt burden.

South Africa's economic policy has focused on controlling inflation while empowering a broader economic base; 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 government faces growing pressure from urban constituencies to improve the delivery of basic services to low-income areas, to increase job growth, and to provide university level-education at affordable prices. Political infighting among South Africa’s ruling party and the volatility of the rand risks economic growth. International investors are concerned about the country’s long-term economic stability; in late 2016, most major international credit ratings agencies downgraded South Africa’s international debt to junk bond status.

Source : CIA

Executive Summary

Executive Summary

The subject is newly established. No judgments recorded against the subject. In the absence of a comprehensive trade survey and the lack of financial information, we are unable to comment on the general standing of the business

COMPANY INFORMATION

OVERVIEW

History

C AND F INTERNATIONAL (PTY) LTD trading as COSMO FRUIT was registered in June 2016, and commenced operations immediately.

STATUTORY INFORMATION

Registered Name	C AND F INTERNATIONAL
Trading As	COSMO FRUIT
Registration Number	2016/258072/07
Type Of Company	Private Company
Registered Date	29/06/2016
Date Commenced Trading	29/06/2016
Commercial Status	In Business
Financial Year End	February

CONTACT DETAILS

Contact Number	+27 21 403 6360
Email Address	Yianni@cosmofruit.com
Fax Number	+27 21 403 6301
Website	www.cosmofruit.com
Social Media Presence	LinkedIn
Registered Physical Address	1St Floor Convention Towers Cnr Of Heerengracht And Walter Sisulu Foreshore Cape Town Western Cape South Africa 8001
Trading Physical Address	1St Floor; Convention Tower; Corner Of Heerengracht & Walter Sisulu Street Foreshore Cape Town Western Cape South Africa 8001
Postal Address	1St Floor; Convention Tower; Corner Of Heerengracht & Walter Sisulu Street Foreshore Cape Town Western Cape South Africa 8001

TAX INFORMATION

TAX INFORMATION
Income Tax Number	9191488221

VAT INFORMATION

VAT INFORMATION

VAT Status

Not VAT registered

OWNERSHIP STRUCTURE

SHAREHOLDING INFORMATION

CURRENT

Shareholder/Member Name	Share/Interest	Type	Comment
Ioannis Ntinos	100%	Shareholder

PRINCIPAL INFORMATION

Director / Member

Full Name	ID No.	Type	Status	DOA	Active Interests	Previous Interests	Judgments	Fraud Listing
Ioannis Ntinos	7806067472186	Director	Active	29/06/2016	2	0	0	0

ACTIVE BUSINESS INTERESTS: Ioannis Ntinos

Company Name	Registration No.	Business Status	Principal Status	Principal Type	Judgments
Vn Fruit	2013/189457/07	AR Deregistration Process	Active	Director	1
Cosmo Fruit	2011/004404/07	In Business	Active	Director	2

Management

No principals found for this principal type

Officer

No principals found for this principal type.

Other

No principals found for this principal type.

GENERAL COMMENTS

General Comments

Judgments on other active business interests

BANK ACCOUNT INFORMATION

GENERAL COMMENTS

General Comments Banking details were declined.

OPERATIONAL ACTIVITIES

Operational Activities Status	The following information was provided
Industry	Importing & Exporting
Major Industry SIC Code	8299 - Other business support service activities n.e.c.
NACE Code	82,99 - Other business support service activities n.e.c.

MAJOR OPERATION

Major Business Activities	The subject is involved in the importing and exporting of fruit and vegetables.
Foreign Trade Activities	International
Agencies Held	Subject holds no agencies.
Franchises Held	The subject holds no franchises.
Major Suppliers	• Oceanic • Qc Agri • Magnit • Aldi • Geoproduct • Spar • Carefour • Lidl
Major Customers	• Magnit • Carefour • Aldi • Geoproduct • Oceanic • Lidl • Spar • Qc Agri
Major Brands	Cosmo Fruit
Major Contracts	Subject does not operate on a contract basis.

IMPORT ACTIVITIES

Subject imports.

Imports From	To the value of
• Netherlands
• Russian Federation
• Egypt
• Saudi Arabia
• Singapore
• Algeria
• Croatia
• Ukraine
• Nigeria
• Spain
• Qatar
• Oman
• China • Greece	2,000,000 EUR
• Canada
• India
• United Kingdom
• Lithuania
• France
• Montenegro
• Belgium
• Serbia
• United Arab Emirates
• Germany
• Slovenia
• Italy

OPERATIONAL FOOTPRINT

Operational Footprint Status The following information was provided

BRANCH & PREMISES INFORMATION

Location	Description/Type	Size (m^2)	# of Staff	Rented or Owned	Lease Expiry Date
Foreshore	• Warehouse • Office			Leased	N/A

EMPLOYEES

Permanent Employees	7
Salaried Employees	7

COMPANY FLEET

Total Vehicles	5
The fleet is made up of:
Cars / SUV's	5	Owned

FINANCING TERMS

FINANCING TERMS
Sales Terms	30 Days
Overdraft Facility	The Subject does not have an overdraft facility
Sureties	The Principals have not signed sureties.
Debtors Ceded	Debtors have not been ceded.
Debtors Factored	Debtors have not been factored.
Bonds	The Subject has no bonds.

FINANCIAL FIGURES

GENERAL COMMENTS
General Comments	Financial figures were declined.

TRADE REFERENCES

TRADE REFERENCES

Trade Reference	Date	Trade Score	Terms Given (Taken) in days	Monthly Limit Given (Taken)	Account Opened	Payment Trend (prev. 3 years)	Account Insured	Notes
TR1708152	15/08/2017	N/A						Awaiting response

TRADE REFERENCE ANALYTICS

Number of valid Trade References	0
Overall Trade Score
Average Usage of Terms	0%
Average Monthly Purchase

GENERAL COMMENTS

General Comments

Further creditor details were not made available for trade reference purposes.

COURT NOTICES

No judgments on file in the name of the subject

No liquidation applications on file in the name of the subject

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 66.83
UK Pound	1	INR 93.17
Euro	1	INR 81.38
ZAR	1	INR 5.38

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

INFORMATION DETAILS

Analysis Done by :	VAR
Report Prepared by :	KET

RATING EXPLANATIONS

Credit Rating	Explanation	Rating Comments
A++	Minimum Risk	Business dealings permissible with minimum risk of default
A+	Low Risk	Business dealings permissible with low risk of default
A	Acceptable Risk	Business dealings permissible with moderate risk of default
B	Medium Risk	Business dealings permissible on a regular monitoring basis
C	Medium High Risk	Business dealings permissible preferably on secured basis
D	High Risk	Business dealing not recommended or on secured terms only
NB	New Business	No recommendation can be done due to business in infancy stage
NT	No Trace	No recommendation can be done as the business is not traceable

NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.

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 are as follows:

· Financial condition covering various ratios

· Company background and operations size

· Promoters / Management background

· Payment record

· Litigation against the subject

· Industry scenario / competitor analysis

· Supplier / Customer / Banker review (wherever available)

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.