MIRA INFORM REPORT

Report No. :	511810
Report Date :	30.05.2018

IDENTIFICATION DETAILS

Name :	SUNNYFIELD PACKING COMPANY (PTY) LTD
Registered Office :	Suite 310, Cowey Park 91 Cowey Road Berea South Africa 4062
Country :	South Africa
Date of Incorporation :	30.08.1990
Com. Reg. No.:	1990/005197/07
Legal Form :	Private Company
Line of Business :	Subject is involved in the import, milling, packaging and wholesale distribution of rice, salt, and other agricultural products.
No. of Employees :	100

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

The subject is very well established. Court judgments recorded against the subject. Accounts are paid on due date. The subject has an excellent reputation. Due to the fire incident experienced at the subjects warehouse, we advice cautionary procedures be undertaken until the business has regained stability.

COMPANY INFORMATION

OVERVIEW

History	Sunnyfield Packing Company (Pty) Ltd was registered and commenced operations in August 1990.
STATUTORY INFORMATION
Registered Name	SUNNYFIELD PACKING COMPANY (PTY) LTD
Registration Number	1990/005197/07
Type Of Company	Private Company
Registered Date	30/08/1990
Date Commenced Trading	30/08/1990
Commercial Status	In Business
Financial Year End	June
CONTACT DETAILS
Contact Number	+27 31 462 2332
Email Address	Sunnyfld@iafrica.com
Fax Number	+27 31 462 5610
Website	www.sunnyfieldpacking.co.za
Social Media Presence	The subject does not have a social media presence.
Registered Physical Address	Suite 310, Cowey Park 91 Cowey Road Berea South Africa 4062
Trading Physical Address	134 Essenwood Road Musgrave Durban Kwa-Zulu Natal South Africa 4061
Postal Address	Postnet Suite 272; Private Bag X10 Musgrave Durban Kwa-Zulu Natal South Africa 4062
GENERAL COMMENTS
Comments	The provided physical address of 1139 South Coast Road, Mobeni, Durban is that of the subject's warehouse.

TAX INFORMATION

TAX INFORMATION

Income Tax Number 9297311202

VAT INFORMATION

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

VAT Number 4660119480

Status Active

Registered Name SUNNYFIELD PACKING COMPANY (PTY) LTD

OFFICERS AND PROFESSIONAL SERVICES

LIST OF OFFICERS AND PROFESSIONAL SERVICES

Type	Name	Contact Name	Contact Number
Auditor	Sultan And Associates
Insurance	New National Insurance Brokers

OWNERSHIP STRUCTURE

SHAREHOLDING INFORMATION

CURRENT

Shareholder/Member Name	Share/Interest	Type	Comment
Naushad Mahomed Ismail Abdoola	25%	Shareholder
Ashraf Mahomed Ismail Abdoola	25%	Shareholder
Naseer Mahomed Ismail Abdoola	25%	Shareholder
Farouk Mahomed Ismail Abdoola	25%	Shareholder

PRINCIPAL INFORMATION

Director / Member

Full Name	ID No.	Type	Status	DOA	Active Interests	Previous Interests	Judgments	Fraud Listing
Ashraf Mahomed Ismail Abdoola	6511175209089	Director	Active	19/05/2010	31	3	0	0
Farouk Mahomed Ismail Abdoola	5501055029088	Director	Active	30/08/1990	1	0	0	0
Naseer Mahomed Ismail Abdoola	6111025167080	Director	Active	30/08/1990	1	0	0	0
Naushad Mahomed Ismail Abdoola	6001305144083	Director	Active	30/08/1990	41	4	0	0

ACTIVE BUSINESS INTERESTS: Ashraf Mahomed Ismail Abdoola

Company Name	Registration No.	Business Status	Principal Status	Principal Type	Judgments
The Lion Match Company	1998/008912/07	In Business	Active	Director	0
Fulloutput 1096	2000/015814/23	AR Deregistration Process	Active	Director	0
Wilbat Projects 614	2000/035016/23	AR Deregistration Process	Active	Member	0
Delta Blue Trading 267	2005/061887/23	In Business	Active	Member	0
Fasic Investment Corporation	1997/003335/06	In Business	Active	Director	0
Newinvest 167	2000/001773/07	AR Deregistration Process	Active	Director	0
Wilbat Projects 321	2000/014454/07	In Business	Active	Director	0
Aafiyah Pharmaceuticals	2016/087007/07	In Business	Active	Director	0
Sugarbee Sweets	1987/001018/07	In Business	Active	Director	0
Golden Falls Trading 183	2004/012773/07	In Business	Active	Director	0
Yellow Fern Trading	2006/030450/07	In Business	Active	Director	0
Elandsfontein Beverage Marketing	1997/007978/07	In Business	Active	Director	0
Wilbat Projects 311	1998/016380/07	AR Final deregistration	Active	Director	0
Delta Blue Trading 267	2005/061887/23	In Business	Active	Director	0
Sam And Jack Properties	1989/000494/07	In Business	Active	Director	0
Wilbat Projects 614	2000/035016/23	AR Deregistration Process	Active	Director	0
Capital Tobacco And Distribution	1999/025087/07	In Business	Active	Director	0
Fulloutput 1096	2000/015814/23	AR Deregistration Process	Active	Member	0
One Seven Seven Six Investments	1983/008979/07	In Business	Active	Director	0
Sharief Trading	2005/025389/07	In Business	Active	Director	0
Radiant Tone	2002/012667/07	In Business	Active	Director	0
Solvista Investments	1994/004858/07	In Business	Active	Director	0
Valour Trading	2001/004655/07	In Business	Active	Director	0
Wilbat Projects 611	2000/030048/23	AR Deregistration Process	Active	Member	0
Wilbat Projects 613	2000/034662/23	AR Deregistration Process	Active	Member	0
Wilbat Projects 323	2000/014846/07	In Business	Active	Director	0
Capital Tobacco Company	1956/001416/07	In Business	Active	Director	0
Newinvest 158	2000/001383/07	AR Deregistration Process	Active	Director	0
Wilbat Projects 613	2000/034662/23	AR Deregistration Process	Active	Director	0
Wilbat Projects 611	2000/030048/23	AR Deregistration Process	Active	Director	0
Lakada	2007/011446/07	In Business	Active	Director	0

PREVIOUS BUSINESS INTERESTS: Ashraf Mahomed Ismail Abdoola

Company Name	Registration No.	Business Status	Principal Status	Principal Type	Judgments
Eagle Creek Investments 591	2006/011725/07	In Business	Resigned	Director	0
Eagle Creek Investments 591	2006/011725/07	In Business	Resigned	Officer	0
Beige Holdings	1997/006871/06	In Business	Resigned	Director	0
ACTIVE BUSINESS INTERESTS: Farouk Mahomed Ismail Abdoola
Company Name	Registration No.	Business Status	Principal Status	Principal Type	Judgments
Discern Investments	1995/013739/07	In Business	Active	Director	0
ACTIVE BUSINESS INTERESTS: Naseer Mahomed Ismail Abdoola
Company Name	Registration No.	Business Status	Principal Status	Principal Type	Judgments
Star Choice Trading 6	2001/025440/07	In Business	Active	Director	0
ACTIVE BUSINESS INTERESTS: Naushad Mahomed Ismail Abdoola
Company Name	Registration No.	Business Status	Principal Status	Principal Type	Judgments
G10 Investments	1998/009496/07	In Business	Active	Director	0
Beige Holdings	1997/006871/06	In Business	Active	Director	0
Eagle Creek Investments 591	2006/011725/07	In Business	Active	Director	0
Amcos Cosmetics International	2001/006259/07	In Business	Active	Director	0
Elandsfontein Beverage Marketing	1997/007978/07	In Business	Active	Director	0
Newinvest 158	2000/001383/07	AR Deregistration Process	Active	Director	0
Yellow Fern Trading	2006/030450/07	In Business	Active	Director	0
Capital Tobacco Company	1956/001416/07	In Business	Active	Director	0
National Shaving Products	1964/007757/07	AR Deregistration Process	Active	Director	0
Lion Match Properties	2011/011677/07	In Business	Active	Director	0
Herbal And Homeopathic	2002/003282/07	In Business	Active	Director	0
Fasic Investment Corporation	1997/003335/06	In Business	Active	Director	0
Lakada	2007/011446/07	In Business	Active	Director	0
Sam And Jack Properties	1989/000494/07	In Business	Active	Director	0
Sponge Textures	1998/012244/07	In Business	Active	Director	0
Nsp Unsgaard	2006/038670/07	In Business	Active	Director	0
Lornamead	2000/009749/07	In Business	Active	Director	0
One Seven Seven Six Investments	1983/008979/07	In Business	Active	Director	0
Newinvest 167	2000/001773/07	AR Deregistration Process	Active	Director	0
Rap Products International	1997/002884/07	AR Deregistration Process	Active	Director	2
Specialty Formulas	1997/019969/07	In Business	Active	Director	0
Aafiyah Pharmaceuticals	2016/087007/07	In Business	Active	Director	0
Solvista Investments	1994/004858/07	In Business	Active	Director	0
Radiant Tone	2002/012667/07	In Business	Active	Director	0
Lion Match Forestry	2007/011484/07	In Business	Active	Director	0
Zizmax Investments	1963/005605/07	In Business	Active	Director	1
Crystal Pack	1998/011248/07	In Business	Active	Director	1
Argo Soap And Chemical Industries	1997/011925/07	In Business	Active	Director	0
Quality Products	1999/008527/07	In Business	Active	Director	0
Sharief Trading	2005/025389/07	In Business	Active	Director	0
Valour Trading	2001/004655/07	In Business	Active	Director	0
Beige International Export	1998/011982/07	In Business	Active	Director	1
The Lion Match Company Africa	1948/028287/06	In Business	Active	Director	0
Beige Consumer	1998/007826/07	In Business	Active	Director	0
Wade Park	2007/027966/07	In Business	Active	Director	0
Newshelf 928	2007/030548/07	In Business	Active	Director	0
The Lion Match Company	1998/008912/07	In Business	Active	Director	0
Lion Match Products	2007/028785/07	In Business	Active	Director	0
U Housing	2008/012893/07	In Business	Active	Director	0
Circle Way Trading 136	2007/023277/07	In Business	Active	Director	0
Arcfin Trading 46	1999/028389/07	In Business	Active	Director	0

PREVIOUS BUSINESS INTERESTS: Naushad Mahomed Ismail Abdoola

Company Name	Registration No.	Business Status	Principal Status	Principal Type	Judgments
Crest Life And General	1986/001936/07	In Business	Resigned	Director	0
Erf 627 And 628 Estcourt	2008/015636/07	In Business	Resigned	Director	2
Plaza Hyper	2002/050630/23	AR Final deregistration	Resigned	Trust	0
Karbotek Carbon Technologies	2001/025939/07	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
ABB167643	SUNNYFIELD PACKING COMPANY (PTY) LTD	4062508270	Absa Bank	Umhlanga	632005	Verified by AVS

GENERAL COMMENTS

General Comments It was advised that the subject also banks with First National Bank and Nedbank.

OPERATIONAL ACTIVITIES

Operational Activities Status	The following information was provided
Industry	Wholesale & Importing
Major Industry SIC Code	46200 - Wholesale of grains and seeds
Secondary Industry SIC Code(s)	Other business support service activities n.e.c.
NACE Code	46,61 - Wholesale of agricultural machinery, equipment and supplies
MAJOR OPERATION
Major Business Activities	The subject is involved in the import, milling, packaging and wholesale distribution of rice, salt, and other agricultural products.
Foreign Trade Activities	International
Agencies Held	Subject holds no agencies.
Franchises Held	The subject holds no franchises.
Major Suppliers	• Everest Plastics • Oranje Salt • Chep South Africa • Freightmore • B P (S A)
Major Customers	• Checkers • Spar • Shield Buying Group • Game • Edcon • Cambridge • Makro • Masscash
Major Brands	• Hulley And Rice • Sugabee
Major Contracts	Subject does not operate on a contract basis.

IMPORT ACTIVITIES

Subject imports

Imports From	To the value of
India

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
Musgrave	Office		5	Leased	N/A
Cape Town	Office			Leased	N/A
East London	Office			Leased	N/A
Johannesburg	Office			Leased	N/A
George	Office			Leased	N/A
Port Elizabeh	Office			Leased	N/A
Durban	• Warehoue • Factory			Leased	N/A

EMPLOYEES

Permanent Employees 100

COMPANY FLEET

Total Vehicles

The fleet is made up of:	5
Light Delivery Vehicles	5	Owned

FINANCING TERMS

FINANCING TERMS

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

FINANCIAL FIGURES

GENERAL COMMENTS

General Comments

It was advised that the subject experienced a fire at the warehouse premises in December 2017 which has affected business negatively,however, arrangements have been made with all the relevant parties and the subject is in the process of replacing stock and regaining stability.

TRADE REFERENCES

TRADE REFERENCES

Trade Trade Reference Score			Terms Monthly Payment Given Limit Account Trend Account N t (Taken) Given Opened (prev. 3 Insured °^esin days (Taken) years)
TR180528269	28/05/2018	Neutral	30 Days (60 Days)	1,000,000 (500,000) (ZAR)	2013	50%		No	This is a good account. New arrangements have been made to pay 60 days following a fire at one of the subject's premises. The new arrangements are being adhered to and the account will be up to date by the end of June 2018.
TR180528267	28/05/2018	Neutral	60 Days (90 Days)	1,000,000 (Confidential)	1995	50%	50%	No	The account is currently on hold following a fire at one of the subject's premises. Outstanding moneys are required to be paid to be paid in full before dealings will continue. Further details were declined.
TR180528262	28/05/2018	Neutral	30 Days (30 Days)	50,000 (8,000) (ZAR)	2016	50%		No	This is a good account.
TR170517268	17/05/2017	Neutral	30 Days (30 Days)	Confidentia (380,000) (ZAR)	2009		50%	No	This is a good account.
TR170517266	17/05/2017	N/A							Company policy not to provide trade references

COURT NOTICES

COMPANY JUDGMENTS

Case Number	Judgment Date	Judgment Type	Amount	Court Name	Plaintiff	Defendants
46284	16/07/2014	Services Rendered	4,555	DURBAN	NASHUA COMMUNICATIONS PTY LTD	SUNNYFIELD PACKING COMPANYSUITE	I*
46283	22/05/2014	Services Rendered	12,449	DURBAN	NASHUA COMMUNICATIONS (PTY) LTD	SUNNYFIELD PACKING COMPANY	I*

No liquidation applications on file in the name of the subject

GENERAL COMMENTS

General Comments	The respondent advised that the judgments have been rescinded, however, was unable to	I*
	provide the necessary documents in proof of this.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 67.63
UK Pound	1	INR 89.70
Euro	1	INR 78.20
ZAR	1	INR 5.37

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

INFORMATION DETAILS

Analysis Done by :	VAR
Report Prepared by :	DNS

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.