MIRA INFORM REPORT

Report No. :	489460.2
Report Date :	26.05.2018

IDENTIFICATION DETAILS

Name :	TKC EXPORT SERVICES AND INVESTMENT
Registered Office :	30 De Beer Street Braamfontein Johannesburg Gauteng 2001
Country :	South Africa
Date of Incorporation :	26.07.2016
Com. Reg. No.:	2016/324573/07
Legal Form :	Private Company
Line of Business :	Not Available [We tried to confirm / obtain the detailed activity but the same is not available from any sources]
No. of Employees :	Not Available

RATING & COMMENTS

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

MIRA’s Rating :

C

Credit Rating	Explanation	Rating Comments
C	Medium High Risk	Business dealings permissible preferably on secured basis

Status :	Undetermined
Payment Behaviour :	--
Litigation :	--

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

The subject was uncooperative, therefore we are unable to comment on your enquiry

COMPANY INFORMATION

STATUTORY INFORMATION

Registered Name	TKC EXPORT SERVICES AND INVESTMENT
Registration Number	2016/324573/07
Type Of Company	Private Company
Registered Date	26/07/2016
Commercial Status	In Business

CONTACT DETAILS

Contact Number	+27 78 620 7284
Website	The subject does not have a website.
Social Media Presence	The subject does not have a social media presence.
Registered Physical Address	30 DE BEER STREET BRAAMFONTEIN JOHANNESBURG GAUTENG South Africa 2001
Trading Physical Address	12 St Lukes Road KIMBERLEY Northern Cape South Africa 8300
Postal Address	30 De Beer Street Braamfontein JOHANNESBURG Gauteng South Africa 2001

GENERAL COMMENTS

Comments

Further to our client providing extra information for the subject, contact was made with George on the provided cell phone number. During the explanation of the purpose of the investigation on the company styled TKC EXPORT SERVICES AND INVESTMENT (PTY) LTD, the call was abruptly terminated. Numerous attempts to re-establish contact with the respondent have proved unsuccessful as all calls are diverted to an automated system where numerous messages have been left with no reply. An additional cell phone number of +27 73 762 1316 was obtained from open source investigation on this entity which also continually reverts to an automated message. It should be noted that a further open source search revealed a possible fraudulent warning (http://419advancefeefraud.blogspot.co.za/2017/01/for-further-information-on-these-scams.html), dated Monday, January 2, 2017 (tkcexport.co.za Cameroonian non-delivery scam) where TKC EXPORT SERVICES AND INVESTMENT is specifically named.

TAX INFORMATION

VAT INFORMATION

VAT Status Information not made available

PRINCIPAL INFORMATION

Director / Member

Full Name	ID No.	Type	Status	DOA	Active Interests	Previous Interests	Judgments	Fraud Listing
DERICK ACHA TITAD	0098297	Director	Active	26/07/2016	2	0	0	0

ACTIVE BUSINESS INTERESTS: DERICK ACHA TITAD

Company Name	Registration No.	Business Status	Principal Status	Principal Type	Judgments
CONFIDENTIAL GARAGE MERCHANDISE	2017/364683/07	In Business	Active	Director	0
PAGE INTERNATIONAL TRADING	2017/079078/07	In Business	Active	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

GENERAL COMMENTS

General Comments

We were unable to confirm the following banking information provided by our client. It is also unconfirmed who the account holder, N MALEMELA is. BANK INFO: FIRST NATIONAL BANK OF SOUTH AFRICA (FNB); KIMBERLEY REPUBLIC OF SOUTH AFRICA; ACCOUNT NAME:N MALEMELA (TKC GROUPS); ACC NO:

62613280908

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 68.26
UK Pound	1	INR 91.22
Euro	1	INR 79.88
ZAR	1	INR 5.42

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

INFORMATION DETAILS

Analysis Done by :	DIV
Report Prepared by :	TRU

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.