MIRA INFORM REPORT

Report No. :	491984
Report Date :	17.02.2018

IDENTIFICATION DETAILS

Name :	AGRISA COMMODITIES (PTY) LTD
Registered Office :	Office 101, Twin Oak Towers 140 Main Road, Somerset West South Africa 7129
Country :	South Africa
Date of Incorporation :	12.06.2015
Com. Reg. No.:	2015/205797/07
Legal Form :	Private Company
Line of Business :	The subject is involved in the trading of commodities, petroleum products, and minerals.
No. of Employees :	49

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 :	Slow but correct
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; in late 2016 they issued a request for bids to revamp South Africa’s nuclear power generating capabilities. Load shedding and resulting rolling blackouts gripped many parts of South Africa in late 2014 and early 2015 because of electricity supply constraints due to technical problems at some generation units, unavoidable planned maintenance, and an accident at a power station.

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 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; as of December 2016, most major international credit ratings agencies placed South Africa only one level above junk bond status.

Source : CIA

COMPANY INFORMATION

OVERVIEW

History

AGRISA COMMODITIES (PTY) LTD was established in June 2015 when the details of GEAT SERVICES CC (Registration no 2007/055905/23) were taken over and incorporated in the entity. Further details were not made available.

STATUTORY INFORMATION

Registered Name	AGRISA COMMODITIES
Registration Number	2015/205797/07
Type Of Company	Private Company
Registered Date	12/06/2015
Date Commenced Trading	12/06/2015
Commercial Status	In Business
Financial Year End	February

CONTACT DETAILS

Contact Number	+27 21 852 8406
Email Address	Adriaan@agrisacommodities.co.za
Fax Number	+27 21 850 0267
Website	www.agrisacommodities.co.za
Social Media Presence	The subject does not have a social media presence.
Registered Physical Address	Office 101 Twin Oak Towers 140 Main Road Somerset West South Africa 7129
Trading Physical Address	Office 101; 15 Floor Twin Oaks Towers; 140 Main Road Somerset West CAPE TOWN Western Cape South Africa 7130
Postal Address	P O Box 2920 Somerset West CAPE TOWN Western Cape South Africa 7129

TAX INFORMATION

Income Tax Number 9840838149

VAT INFORMATION

VAT Status	The subject is registered for VAT (VAT number/s made available)
VAT Number	4400237014
Status	Active
Registered Name	AGRISA COMMODITIES (PTY) LTD
Trading Name	AGRISA COMMODITIES (PTY) LTD

OFFICERS AND PROFESSIONAL SERVICES

LIST OF OFFICERS AND PROFESSIONAL SERVICES

Type	Name
Auditor	DURAND ANNA CATHARINA GYSBERTA

OWNERSHIP STRUCTURE

SHAREHOLDING INFORMATION

CURRENT

Shareholder/Member Name	Share/Interest	Type
THULANI MICHAEL KOMPELA	99.00%	Shareholder
EUGENE GERHARDUS HAASBROEK	1.00%	Shareholder

PRINCIPAL INFORMATION

Director / Member

Full Name	ID No.	Type	Status	DOA	Active Interests	Previous Interests	Judgments	Fraud Listing
EUGENE GERHARDUS HAASBROEK	6505085156083	Director	Active	12/06/2015	5	6	0	0
THULANI MICHAEL KOMPELA	7401116030084	Director	Active	12/06/2015	4	0	0	0

ACTIVE BUSINESS INTERESTS: EUGENE GERHARDUS HAASBROEK

Company Name	Registration No.	Business Status	Principal Status	Principal Type	Judgments
YYY TRADING	2005/142883/23	In Business	Active	Member	0
GEAT SERVICES	2007/055905/23	Conversion CO/CC or CC/CO	Active	Member	0
VICTORIA FOREST TRADE	2012/196588/07	AR Deregistration Process	Active	Director	0
SALESTALK 540	2008/028258/07	AR Final deregistration	Active	Director	0
AGRI FEED SUPPLIES SA	2015/245644/07	In Business	Active	Director	0

PREVIOUS BUSINESS INTERESTS: EUGENE GERHARDUS HAASBROEK

Company Name	Registration No.	Business Status	Principal Status	Principal Type	Judgments
GLOBE ASSET SYSTEMS	2005/034846/07	AR Final deregistration	Resigned	Director	0
G A S CONSULTING	2004/014775/07	In Business	Resigned	Director	0
ANGLO AFRICAN FUND	2011/136707/07	In Business	Resigned	Director	0
BESTER VOER EN GRAAN	1999/001317/07	In Business	Resigned	Director	0
BEXSURE CONSULTANTS	2002/004757/07	In Business	Resigned	Director	0
G-A-P DEVELOPMENT CONSULTANTS	2007/013923/07	In Business	Resigned	Director	0

ACTIVE BUSINESS INTERESTS: THULANI MICHAEL KOMPELA

Company Name	Registration No.	Business Status	Principal Status	Principal Type	Judgments
KOMPELA TRADING	2016/272550/07	In Business	Active	Director	0
GEAT SERVICES	2014/132064/07	In Business	Active	Director	0
CAPE CANNABIS	2017/127437/07	In Business	Active	Director	0
GEAT SERVICES	2007/055905/23	Conversion CO/CC or CC/CO	Active	Member	0

Management

No principals found for this principal type.

Officer

No principals found for this principal type.

Other

No principals found for this principal type.

BANK ACCOUNT INFORMATION

BANK ACCOUNT CLIENT REQUESTED DETAILS

Account Reference Number	Account Holder	Account Number	Bank Name	Branch Name	Branch Code	Verification Status
ABB145557	Agrisa Commodities (Pty) Ltd	1127357190	Nedbank (South Africa)	100 Main Street	152705	Verified by Bank Code

BANK ACCOUNTS

Account Reference Number	Account Holder	Account Number	Bank Name	Branch Name	Branch Code	Verification Status
ABB116775	AGRISA COMMODITIES (Pty) Ltd	4069126605	Absa Bank	WESTERN CAPE	632005	Verified by Bank Code

OPERATIONAL ACTIVITIES

Operational Activities Status	The following information was provided
Industry	Wholesale
Major Industry SIC Code	466 - Other specialized wholesale
NACE Code	46,7 - Other specialized wholesale

MAJOR OPERATION

Major Business Activities	The subject is involved in the trading of commodities, petroleum products, and minerals.
Foreign Trade Activities	Local
Agencies Held	Subject holds no agencies.
Franchises Held	The subject holds no franchises.
Major Suppliers	· JVD COMMODITIES · OLAM SOUTH AFRICA · KAROO LUCERNE · NO 1 ONLINE SOLUTIONS
Major Customers	Subject declined to provide information.
Major Brands	Subject does not have any brands.
Major Contracts	Subject does not operate on a contract basis.

OPERATIONAL FOOTPRINT

Operational Footprint Status The following information was provided

BRANCH & PREMISES INFORMATION

Location	Description/Type	Rented or Owned	Lease Expiry Date
SOMERSET WEST	Office	Leased	N/A
BLOEMFONTEIN	Office	Leased	N/A
PAARL	Office	Leased	N/A

EMPLOYEES

Permanent Employees	49
Salaried Employees	49

COMPANY FLEET

Total Vehicles 2

The fleet is made up of:

Light Delivery Vehicles 2 Owned

FINANCING TERMS

Sales Terms	· COD · 30 Days · Cash · 60 Days
Overdraft Facility	The Subject does not have an overdraft facility
Sureties	The Principals have signed sureties
Debtors Ceded	Debtors have not been ceded.
Debtors Factored	Debtors have been factored.
Bonds	The Subject has no bonds.

FINANCIAL FIGURES

GENERAL COMMENTS

General Comments Financial Information was declined.

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
TR180214344	14/02/2018	Positive	7 Days (7 Days)	800,000 (800,000) (ZAR)	2014	100%	50%	Unknown	This is a good account. Purchases are for the month..
TR180214343	14/02/2018	Positive	30 Days (30 Days)	1,000,000 (100,000) (ZAR)	2015	100%	50%	Yes	This is a good seasonal account that can go up to ZAR400,000.
TR180214342	14/02/2018	Positive	7 Days (7 Days)	500,000 (500,000) (ZAR)	2016	75%	50%	No	This is a good account. Purchases are for the month.
TR180214341	14/02/2018	Positive	30 Days (30 Days)	4,000,000 (1,000,000) (ZAR)	2014	75%		Yes	This is a good account.
TR170720238	20/07/2017	N/A							Relevant person unavailable

TRADE REFERENCE ANALYTICS

Number of valid Trade References	10
Overall Trade Score	75%
Average Usage of Terms	100%
Average Monthly Purchase	815,000 ZAR
Average Usage of Credit Limit	77%

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 63.90
UK Pound	1	INR 90.31
Euro	1	INR 80.17
ZAR	1	INR 5.54

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

INFORMATION DETAILS

Analysis Done by :	PRI
Report Prepared by :	TPT

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.