MIRA INFORM REPORT

Report Date :

15.10.2012

IDENTIFICATION DETAILS

Name :	LOMBARD INVESTMENT AND PROJECT DEVELOPMENT (PTY) LTD

Registered Office :	36 Main Street, Meredale, Johannesburg, Gauteng, 2091

Country :	South Africa

Date of Incorporation :	11.07.2012

Com. Reg. No.:	K2012/122037/07

Legal Form :	Private Company

Line of Business :	Not Available

No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
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

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 – 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 Unemployment remains high and outdated infrastructure has constrained growth.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

Subject Name	LOMBARD INVESTMENT AND PROJECT DEVELOPMENT (PTY)LTD
Country	South Africa
Subject Contact Person	MARK JACKSON - 0789933221
Assessment	This is a brand new business. On investigation we made contact with a supposed MARK JACKSON employed at LOMBARD INVESTMENT AND PROJECT DEVELOPMENT (PTY)LTD on the contact number 0789933221. MARK JACKSON declined to assist with confirming whether or not the subject company is related to a subsidiary of LOMBARD INSURANCE (PTY) LTD namely LOMBARD INVESTMENT AND PROJECT DEVELOPMENT HOLDINGS. We then contacted LOMBARD INSURANCE and they have no knowledge of the subject company K2012/122037/07. MR. MARK JACKSON provided us with email addresses mark.jackson@gmail.com as well as lombard@gmail.com which was strange as the email address should have read mark.jakson@lombardins.co.za if it was a legitimate email address. Upon further investigation the address 36 Main Road, Meredale, 2091 belongs to a General Practioner DR. FEROZ BHAM. We contact him on 0119413635 he has stated that he has been operating from the premises stated to be the subjects address for 1 Year. We are unable to verify the validity of the information provided by MR. MARK JACKSON. We therefore cannot recommend any credit dealings as the validity of the information provided for the subject cannot be confirmed. Please see the available information for the subject below.

Company Structure

Subsidiaries Information - No Information on Record

Employees Information - No Information on Record

Company Fleet Information - No Information on Record

Offices Information - No Information on Record

Branch Information - No Information on Record

Management Overview

Organization Chartered Accountants - No Information on Record

Company Structure Information - No Information on Record

Note: One level up and all levels down

Key Deals - No Information on Record

Trade References Information - No Information on Record

Adverse Information on Subject

Judgements - No information on record

Business Rescue - No Information on Record

Default Listing - No information on record

Notarial Bonds - No information on record

Bank Information - No Information on Record

Bank Code History - No Information on Record

Previous Bank Account Information - No Information on Record

Deeds Information - No information on record

Principals

Number of Principals	1
Average Age of Active Principals	45

Active Principals Principal - 1of 1 BEN MAHLANGU

Surname	MAHLANGU
First Name	BEN
ID Number	6712105970085
Verified ID Number	Yes
Current Age	45
Status	Active
Appointment Date	2012/07/11
Physical Address (at time of Appointment)	36 MAIN STREET, MEREDALE, JOHANNESBURG, GAUTENG, 2091
Postal Address	36 MAIN STREET, MEREDALE, JOHANNESBURG, GAUTENG, 2091
Shareholding/Membership	0.0000

Principal's Adverse - No information on record

Business Information for BEN MAHLANGU

Principal Current Business Interests

Company Name	Registration No	Status	Age of Business	Judgements	Liquidation	Comment
LOMBARD INVESTMENT AND PROJECT DEVELOPMENT (PTY) LTD	K2012/122037/07	In Business	0	0	No

Principal's Previous Business Interests - No information on record

Principal's Deeds Information - No information on record

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.52.70
UK Pound	1	Rs.84.51
Euro	1	Rs.68.16

INFORMATION DETAILS

Report Prepared by :

MNL

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	LOMBARD INVESTMENT AND PROJECT DEVELOPMENT (PTY) LTD
Registration Number	K2012/122037/07
Registration Date	2012/07/11
Age of Business	3 Months
Status	In Business
Major Industry Code / SICC	9000
Definition of Code	Other activities not adequately defined.
Head Office Physical Address	36 MAIN STREET, MEREDALE, JOHANNESBURG, GAUTENG, 2091
Head Office Postal Address	36 MAIN STREET, MEREDALE, JOHANNESBURG, GAUTENG, 2091
Current Tel Number	None
Cell Number	0789933221
Current Fax Number	None
Current Email Address	mark.jakson@gmail.com or lombardinvetsment@gmail.com
Web Site Address	None
Comments	The address for the company belongs to Dr. Feroz Bham

MIRA INFORM REPORT

Company information

Company Structure

Management Overview

Adverse Information on Subject

Principals

Unit