MIRA INFORM REPORT

Report No. :	497568
Report Date :	23.03.2018

IDENTIFICATION DETAILS

Name :	CROWN MAPLE TRADING (PTY) LTD
Registered Office :	Unit 30 81 Flower Road Clairwood, Durban, Kwa-Zulu Natal
Country :	South Africa
Financials (as on) :	2017
Date of Incorporation :	10.06.2015
Com. Reg. No.:	2015/192364/07
Legal Form :	Private Company
Line of Business :	The subject is involved in the import and export of fresh fruits.
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 :	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 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

COMPANY INFORMATION

OVERVIEW

History

CROWN MAPLE TRADING (PTY) LTD trading as STAR CHOICE EXPORTS was registered in June 2015 and commenced trading immediately.

STATUTORY INFORMATION

Registered Name	CROWN MAPLE TRADING
Trading As	STAR CHOICE EXPORTS
Registration Number	2015/192364/07
Type Of Company	Private Company
Registered Date	10/06/2015
Date Commenced Trading	10/06/2015
Commercial Status	In Business
Financial Year End	February

CONTACT DETAILS

Contact Number	+27 78 192 6106
Email Address	aviprime@gmail.com
Website	The subject does not have a website.
Social Media Presence	Facebook
Registered Physical Address	Unit 30 81 Flower Road Clairwood Durban Kwa-Zulu Natal South Africa 4001
Trading Physical Address	Unit 30; 81 Flower Road CLAIRWOOD Durban KwaZulu-Natal South Africa 4001
Postal Address	P O Box 30546 MAYVILLE KwaZulu-Natal South Africa 4058

TAX INFORMATION

Income Tax Number 9248547193

VAT INFORMATION

VAT Status The subject is registered for VAT (VAT number/s made available)

VAT Number	4430275919
Status	Active
Registered Name	CROWN MAPLE TRADING(PTY) LTD
Trading Name	CROWN MAPLE TRADING(PTY)LTD

OWNERSHIP STRUCTURE

GENERAL COMMENTS

General Comments Ownership structure not made available.

PRINCIPAL INFORMATION

Director / Member

Full Name	ID No.	Type	Status	DOA	Active Interests	Previous Interests	Judgments	Fraud Listing
SHAKUNTHALA MAHARAJ	4810090145085	Director	Active	11/07/2016	0	1	0	0
AVINASH ISHWARLALL MAHARAJ	7308135189082	Director	Resigned	10/06/2015	3	1	0	0

PREVIOUS BUSINESS INTERESTS: SHAKUNTHALA MAHARAJ

Company Name	Registration No.	Business Status	Principal Status	Principal Type	Judgments
PRIME FOODS	2017/662930/07	In Business	Resigned	Director	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 ACCOUNTS

Account Reference Number	Account Holder	Account Number	Bank Name	Branch Name	Branch Code	Verification Status
ABB163395	Star Choice Exports	051253011	Standard Bank (South Africa)	Musgrave	042626	Unverified

OPERATIONAL ACTIVITIES

Operational Activities Status	The following information was provided
Industry	Services
Major Industry SIC Code	46301 - Wholesale of fruit and vegetables
NACE Code	82,99 - Other business support service activities n.e.c.

Major operation

Major Business Activities	The subject is involved in the import and export of fresh fruits.
Foreign Trade Activities	International
Agencies Held	Subject holds no agencies.
Franchises Held	The subject holds no franchises.
Major Suppliers	KP FRESH DURBAN SOUTH
Major Customers	FABFRESH (PTY) LTD FITFRESH LLC - Dubai MEHTAB VEGETABLES AND FRUIT
Major Brands	Subject does not have any brands.
Major Contracts	Subject does not operate on a contract basis.

Import activities

Subject Imports

Imports From	To the value of
· India · Egypt · Chile	80,000 USD

Export activities

Subject Exports

Exports To	To the value of
Kuwait Oman United Arab Emirates	150,000 USD

OPERATIONAL FOOTPRINT

Operational Footprint Status The following information was provided

BRANCH & PREMISES INFORMATION

Location	Description/Type	Size (m2)	# of Staff	Rented or Owned	Lease Expiry Date
CLAIRWOOD DURBAN	Office			Leased	N/A
DURBAN	Yard	1,000		Leased	31/01/2022

EMPLOYEES

Permanent Employees	7
Salaried Employees	5
Waged Employees	2

COMPANY FLEET

Total Vehicles 1

The fleet is made up of:

Light Delivery Vehicles 1 Owned

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

Financial Year	2017
Currency	ZAR
Actual numbers, 000' or mio	Actual Numbers

INCOME STATEMENT

Turnover/Revenue	13,969,581
Net Profit	1,551,330

BALANCE SHEET

Fixed Assets	100,000
Current Assets	50,000

GENERAL COMMENTS

General Comments Full 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
TR180315164	15/03/2018	Positive	20 Days (20 Days)	1,000,000 (1,000,000) (ZAR)	2016	100%	No	This is a very good account.
TR180315162	15/03/2018	Positive	30 Days (30 Days)	500,000 (500,000) (ZAR)	2016	100%	No	This is a good account.

TRADE REFERENCE ANALYTICS

Number of valid Trade References	2
Overall Trade Score	100%
Average Usage of Terms	100%
Average Monthly Purchase	750,000 ZAR
Average Usage of Credit Limit	100%

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 65.06
UK Pound	1	INR 92.06
Euro	1	INR 80.37
ZAR	1	INR 5.50

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.