MIRA INFORM REPORT

Report Date :

28.12.2012

IDENTIFICATION DETAILS

Name :	KC ENERGY PTY LTD

Registered Office :	1 Marthas Vineyard, 44 Mandeville Road, Bryanston,Gauteng2191

Country :	South Africa

Date of Incorporation :	06.10.2011

Legal Form :	Private Company

Line of Business :	Manufacture Of Electricity Distribution And Control Apparatus

No. of Employees :	2

RATING & COMMENTS

MIRA’s Rating :

RATING

STATUS

PROPOSED CREDIT LINE

New Business

Status :	New Business

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 – June 30^th, 2012

Country Name

Previous Rating

(31.03.2012)

Current Rating

(30.06.2012)

South Africa

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	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; a stock exchange that is the 18th largest in the world; and modern infrastructure supporting a relatively efficient distribution of goods to major urban centers throughout the region. Growth was robust from 2004 to 2007 as South Africa reaped the benefits of macroeconomic stability and a global commodities boom but began to slow in the second half of 2007 due to an electricity crisis and the subsequent global financial crisis' impact on commodity prices and demand. GDP fell nearly 2% in 2009 but recovered in 2010-11. Unemployment remains high and outdated infrastructure has constrained growth. State power supplier Eskom encountered problems with aging plants and meeting electricity demand necessitating "load-shedding" cuts in 2007 and 2008 to residents and businesses in the major cities. Daunting economic problems remain from the apartheid era - especially poverty, lack of economic empowerment among the disadvantaged groups, and a shortage of public transportation. South Africa''s economic policy is fiscally conservative focusing on controlling inflation and attaining a budget surplus. The current government largely follows these prudent policies but must contend with the impact of the global crisis and is facing growing pressure from special interest groups to use state-owned enterprises to deliver basic services to low-income areas and to increase job growth.

Source : CIA

Company name

Subject Name	KC ENERGY PTY LTD
Country	South Africa
Requested Credit Limit	$ 0.00
Enquiry Terms	COD
Account Review	Every 6 Months
Subject Contact Person	IAN WHITE-FINANCIAL AAANAGER
Assessment	This is a new but well -connected business. On investigation we made conatct with the subject and we were referred to the financial Manager MR IAN WHITE who assisted with most of the information on the subject.However MR WHITE stated that he could not provide us with financial information due to the subject still being quite new.Regarding the Trade References we were only able to get one trade reference due to most of the suppliers being closed for Cristmass.

Auditors information

Company Registered Name	VOSS AND PARTNERS
Trading Name
Registration Number
Physical Address
Postal Address	GROUND FLOOR B RIEVIERA ROAD, 60 10 RIVIERA ROAD, KILLARNEY, Gauteng, 2193
Contact Person	teddy
Contact Number	0827825030
Email
Principals
Judgements Against Subject
Judgements Against Principals
Subject Verified as Client	Yes
Practice Number	903882
VAT Number
Tax Number
BEE Status
Financial Year End
No of years in Business	1
Website
Comment

Previous Auditors Information - No Information on Record

Tax information

Vat Number	4060359977
Status	ACTIVE
Vat Liable Date
Tax Number	929775180
Tax Clearance Expire Date
Financial Year End	February
Comment

Workmans compensation

Registered	No
Compliance Certified	No
Comment

Company Structure

Subsidiaries Information - No Information on Record

Employees
Number of Employees	2
1. Salaried employees	2
2. Waged employees
3. Permanent employees	2
4. Casual employees
5. Contracted employees
Comment

Company Fleet Information - No Information on Record

Offices

Offices	Offices
Head Office Owned/ Rented	Leased
Rental Company
Owned by
Value
Bond
Bank
Lease Agreement	15 Years
Lease Expire Date
Type of Premises	Offices and chemical Plant
Comment

Branch Information - No Information on Record

Management Overview

Organisational Chart - No Information on Record

Company Structure (Ownership)

Note: One level up and all levels down

Holding	Company	Sub	Comment
40%	NATIONAL EMPOWERMENT FUND
40%	DISTRIBUTION ENERGY (PTY)LTD
15%	STEAM GEAN LTD
5%	PLANT RESTO

Key Deals - No Information on Record

Trade References

Trade Reference nr	Supplier	Contact	Surety Value	Notarial Bonds	Comment
1	TRANS COMMERCIAL GROUP	0817294700
2	PROCESS PIPE	0116092066
3	QUANTUM	0343127750

PARK MODULE UNIT

0317091888

Nr	Age of Acc	Credit Limit	Max Credit	Terms	Average Purchases	Terms Taken	Comment
1							The supplier is closed for Cristmass,could not obtain a trade referrence
2							The supplier is closed for Cristmass,could not obtain a trade referrence
3	5 Years		R7000	30 Days	R6500	30 Days	Good Account, the subject has a open credit limit.
4							The supplier is closed for Cristmass,could not obtain a trade referrence

Adverse Information on Subject

Judgements – No information on record

Businessrecue - No information on record

Default – No information on record

Notarial Bonda - No information on record

Bank information

Bank	INVESTEC BANK
Branch	SANDTON
Brach Code
Bank Account Number	10011433817
Type of Account	Current
Account Name	KC ENERGY (PTY)LTD
Overdraft Facilities	Yes
Bank Code	Still Awaiting bank code
Bank Comment

Bank Code History - No Information on Record

Previous Bank Account Information - No Information on Record

Deeds Information - No information on record

Principal

Number of Principals	1
Average Age of Active Principals	48
Active Principals Principal - 1of 1 CHARLES LIEBENBERG
Surname	LIEBENBERG
First Name	CHARLES
Other Names	None
Marital Status	Married
ID Number	6407315120080
Verified ID Number	Yes
Current Age	48
Designation	COMPANY DIRECTOR
Status	Active
Appointment Date	2011/10/06
Physical Address (at time of Appointment)	1 MARTHAS VINEYARDS, MANDEVILLE ROAD, BRYANSTON, 2021
Postal Address	P 0 BOX 69408, BRYANSTON, 2010
Current Tel Number	0113611403
Cell number	0825749780
Shareholding/Membership	0.0000

Principal's Adverse - No information on record

Business Information forCHARLES LIEBENBERG

Principal Current Business Interests

Company Name	Registration No	Status	Age of Business	Judgements	Liquidation	Comment
AFRICAN WINE EXPORTERS	6407315120007		Unknown	0	No
KC ENERGY (PTY) LTD	K2011/123970/07	In Business	1 Years 1 Months	0	No
XENERGY (PTY)LTD	K2012/033749/07	In Business	0	0	No
ENVIRO FOCUS	M1992/001654/08	In Business	20 Years 8 Months	0	No
DISTRIBUTED ENERGY GENERATION (PTY) LTD	M2011/003869/07	In Business	1 Years 1 Months	0	No

Principal Previous Business Interests

Company Name	Registration No	Status	Age of Business	Judgements	Liquidation	Comment
DESIGNS 4 AFRICA CC	B1993/007220/23	Deregistration Final	19 Years 7 Months	0	No
LIEBENBERG NYWERHEDE (PTY)LTD	M1988/005084/07	Deregistration Final		0	No
SQUAMANS KONSTRUKSIE (PTY) LTD	M1993/001421/07	Deregistration Final	19 Years 7 Months	0	No
BIOTHERM ENERGY (PTY) LTD	M2003/020443/07	In Business	9 Years 9 Months	0	No
SILVERSANDS ETHANOL (PTY)LTD	M2004/028409/07	In Business	8 Years 8 Months	1	No
METHCAP (PTY)LTD	M2004/031008/07	In Business	8 Years 8 Months	0	No
AFRIC POWERGEN ENGINEERING SERVICES (PTY)LTD	M2005/024301/07	Deregistration Final	7 Years 7 Months	0	No
BIOTHERM SPV 2 (PTY) LTD	M2005/028979/07	In Business	7 Years 7 Months	0	No
METHCAP SPV 1 (PTY) LTD	M2005/028996/07	In Business	7 Years 7 Months	0	No
BIOTHERM SPV 1 (PTY) LTD	M2005/029885/07	In Business	7 Years 7 Months	0	No
BIOTHERM SPV4 (PTY) LTD	M2009/000050/07	In Business	3 Years 3 Months	0	No

BIOTHERM TERRA POWER SOLUTIONS (PTY) LTD	M2009/000051/07	In Business	3 Years 3 Months	No
SCHOONGEZICHT WIND ENERGY FACILITY (PTY)LTD	M2009/000053/07	In Business	3 Years 3 Months	No
BIOTHERM OVERBERG WIND (PTY)LTD	M2009/000055/07	In Business	3 Years 3 Months	No
BIOTHERM SPV3 (PTY) LTD	M2009/001477/07	In Business	3 Years 3 Months	No
BIOTHERM OPERATIONS AND MAINTENANCE (RF) (PTY) LTD	M2009/011877/07	In Business	3 Years 3 Months	No
BTE WIND (PTY)LTD	M2010/015081/07	In Business	2 Years 2 Months	No
BIOTHERM AURORA SOLAR (PTY)LTD	M2010/023139/07	In Business	2 Years 2 Months	No
KLIPHEUWEL-DASSIEF ONTEIN WIND ENERGY FACILITY (RF) (PTY) LTD	M2011/011734/07	In Business	1 Years 1 Months	No
EXCELSIOR WIND ENERGY FACILITY (RF) (PTY) LTD	M2011/011735/07	In Business	1 Years 1 Months	No
SPITSKOPVLAKTE WIND ENERGY FACILITY (PTY)LTD	M2011/011742/07	In Business	1 Years 1 Months	No

Principal's Deeds Information - No information on record

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.54.84
UK Pound	1	Rs.88.54
Euro	1	Rs.72.63

INFORMATION DETAILS

Report Prepared by :

PDT

RATING EXPLANATIONS

RATING		STATUS	PROPOSED CREDIT LINE
>86	Aaa	Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums	Unlimited
71-85	Aa	Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums	Large
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small
11-25	Ca	Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity	Limited with full security
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended
--	NB	New Business	--

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 and their relative weights (as indicated through %) are as follows:

Financial condition (40%) Ownership background (20%) Payment record (10%)

Credit history (10%) Market trend (10%) Operational size (10%)

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.

Registered Name	KC ENERGY (PTY)LTD
Trading as/ Division Name	KC ENERGY
Previous Name
Date of Name Change
Registration Number	K2011/123970/07
Registration Date	2011/10/06
Date Commenced Trading	2011-10-06
Age of Business	1 Years 2 Months
History of Business	The subject started out as a new business in 2011
History of Principals	There is currently 1 active Director within the company.
Shareholders/Members/Partners of subject and % holding	40%-NATIONAL EMPOWERMENT FUND 40%DISTRIBUTION ENERGY(PTY)LTD 15%-STEAM GEAN (PTY)LTD 5%-PLANT RESTO
Authorised Share Capital	R0.00
Issued Share Capital/Members Contribution	R0.00
Status	In Business
Operations Assessment	suppliers of electricity and Steam
Industry/ Customers	CARBOCHEM(PTY)LTD -Tyre Industry
Export	None
Export Countries
Import
Import Countries
Major Industry Code / SICC	36200
Definition of Code	MANUFACTURE OF ELECTRICITY DISTRIBUTION AND CONTROL APPARATUS
Head Office Physical Address	1 MARTHAS VINEYARD, 44 MANDEVILLE ROAD, BRYANSTON,GAUTENG2191
Head Office Postal Address	1 MARTHAS VINEYARD, 44 MANDEVILLE ROAD, BRYANSTON, GAUTENG,2191
Current Tel Number	0117261591
Cell Number	0832310899
Current Fax Number
Current Email Address	ian@degpl.com
Web Site Address
Comments