MIRA INFORM REPORT

Report Date :

09.07.2013

IDENTIFICATION DETAILS

Name :	ENCON ENGINEERING PROJECTS (PTY)LTD

Formerly Known as:	RAATH AND VAN ZYL (PTY)LTD

Registered Office :	Castle View South Office Park, 500 Tsitsa Street, Erasmuskloof, 0048

Country :	South Africa

Date of Incorporation :	24.06.1987

Com. Reg. No.:	M1987/002777/07

Legal Form :	Private Company

Line of Business :	General mechanical engineering on a fee or contract basis

No. of Employees :	06

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Moderate

Payment Behaviour :	No Complaints

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 – March 31^st 2013

Country Name

Previous Rating

(31.12.2012)

Current Rating

(31.03.2013)

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 and a stock exchange that is the 15th largest in the world. Even though the country possesses modern infrastructure that support a relatively efficient distribution of goods to major urban centers throughout the region, some components retard growth. The economy began to slow in the second half of 2007 due to an electricity crisis. 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. Subsequently, the global financial crisis reduced commodity prices and world demand. GDP fell nearly 2% in 2009 but has recovered since then. Unemployment, poverty, and inequality remain a challenge, with official unemployment at nearly 25% of the work force. State power supplier Eskom has built two new power stations and installed new power demand management programs to improve power grid reliability. South Africa's economic policy has focused on controlling inflation, however, the country has had significant budget deficits that restrict its ability to deal with pressing economic problems. The current government faces 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	ENCON ENGINEERING PROJECTS (PTY)LTD
Country	SOUTH AFRICA
Subject Contact Person	ALNA - Bookkeeper
Assessment	This is a well-established business. On investigation contact was made with ALNA, the bookkeeper of the company. The subject has been in business for 26 Years 1 Month. Commitments are being met timeously with suppliers. No adverse information was revealed during the investigation. CIPC has no principals linked to the company yet as the company underwent a management buyout. Please see the information obtained below.

Auditors information

Company Registered Name	MEINTJIES VERMOOTEN BROOKLYN
Trading Name	MVB
Registration Number	M1994/006265/07
Physical Address	Menlyn Corporate Park,Block B,Corobay lane 175, Waterkloof Glen,Extension 11,Pretoria 0181
Postal Address	P 0 BOX 23, PRETORIA, 0001
Contact Person	ESTELLE BERGER
Contact Number	012 460 9146
Email	mvb@mvb.co.za
Principals	1
Judgements Against Subject	No information found on file
Judgements Against Principals	No information found on file
Subject Verified as Client	Yes
Practice Number	903147
VAT Number	None
Tax Number	9086419844
BEE Status	Level 1
Financial Year End	February
No of years in Business	5 Years 6 Months

Previous Auditors Information - No Information on Record

Tax information

Vat Number	4900162985
Status	ACTIVE
Vat Liable Date	1997/01/01
Tax Number	9790253646
Tax Clearance Expire Date
Financial Year End	March
Comment

Black Economic Empowerment Information - No Information on Record

ISO Information - No Information on Record

Work Mans Information - No Information on Record

Company Structure

Subsidiaries

Subsidiary Company	There are no reported subsidiaries
Employees
Number of Employees	6
1. Salaried employees	5
2. Waged employees	0
3. Permanent employees	5
4. Casual employees	0
5. Contracted employees	1
Comment
Company Fleet
Company Fleet	No of vehicles:	Owned/Leased	Value	Outstanding Balance
Fleet Operations
The Fleet is made up of	1
Comment
Light delivery Vehicles	1	Owned

Offices

Offices	Offices
Head Office Owned/ Rented	Leased
Rental Company	STANLEY BUILDINGS (PTY)LTD
Owned by	N/A
Value
Bond
Bank
Lease Agreement	5 Years
Lease Expire Date
Type of Premises	Office Park
Comment

Branch Information

Branches Names	Country	Province
ENCON ENGINEERING PROJECTS-BARBERTON	South Africa	MPUAAALANGA

Branch Detail Information

Branches Owned/ Rented
Rental Company	Unavailable
Owned by	Unavailable
Value
Bond
Bank	Unavailable
Lease Agreement	Unavailable
Lease Expire Date	Unavailable
Type of Premises	Unavailable

Management Overview

Organisation Chart

Level	Position	Name	Comment

1	AAANAGING DIRECTOR	REMBRANDT MULDER

Company Structure (Ownership)

Note: One level up and all levels down

Holding	Company	Sub	Comment
100% - REMBRANDT MULDER	ENCON ENGINEERING PROJECTS (PTY) LTD

Key Deals - No Information on Record

trade References

Trade Reference nr	Supplier	Contact	Surety Value	Notarial Bonds	Comment
1	WALTONS STATIONERS	0129915961
2	PC PALACE	0879800430

Trade References Detail

Nr	Age of Acc	Credit Limit	Max Credit	Terms	Average Purchases	Terms Taken	Comment
1							Awaiting Trade Reference
2	5 Years			30 Days		30 Days	Figures are considered confidential. Good account

Adverse Information on Subject

Judgements

Judgements	0
Possible Judgements	0
Civil Court	0
RDs	None
Comment	No Information on Record

Business Rescue

Date registered	Business rescue practitioner	Contact Information	Details	Comment
	There is no information found on file	No Information on Record	No Information on Record	No Information on Record

Default Listings

Date	Details	Comment
	There is no information found on file	No Information on Record

Notarial Bonds

Date	Details	Comment
	There is no information found on file	No Information on Record

Bank information

Bank	ABSA
Branch	CENTURION
Brach Code	632005
Bank Account Number	2890183126
Type of Account	CURRENT ACCOUNT
Account Name	ENCON ENGINEERING PROJECTS (PTY)LTD
Overdraft Facilities	The company has an overdraft facility
Bank Code	C - R 100 000
Bank Comment	Good for the amount quoted, if strictly in the way of business.

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	0
Average Age of Active Principals	0

Active Principals Principal - 1of 1 REMBRANDT MULDER

Surname	MULDER
First Name	REMBRANDT
Other Names	Noe
Marital Status	Married
ID Number	4606085021004
Verified ID Number	Yes
Current Age	67
Designation	Managing Director
Status	Active
Appointment Date
Physical Address (at time of Appointment)	MELISSA STREET 628, MORELETA PARK X 2, PRETORIA
Postal Address	PO BOX 100344, MORELETA PLAZA, PRETORIA, 0167
Current Tel Number	0126530080
Cell number	0824561635
Shareholding/Membership	100%

Principal's Adverse - No information on record

Business Information for REMBRANDT MULDER

Principal Current Business Interests

Company Name	Registration No	Status	Age of Business	Judgements	Liquidation	Comment
MOSHOANA DALUZ ENGINEERING	M2010/004873/07	In Business	3 YEARS	0	No
CORKWOOD PROPERTIES	B2006/146161/23	In Business	7 YEARS	0	No
JARDEV	M1996/006104/07	In Business	17 Years	0	No

Principal Previous Business Interests

Average Age of Previous Business 0 Years

Company Name	Registration No	Status	Age of Business	Judgements	Liquidation	Comment
EASEC	M1992/006831/07	Deregistered	0

Principal's Deeds Information - No information on record

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.61.05
UK Pound	1	Rs.90.89
Euro	1	Rs.78.27

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	ENCON ENGINEERING PROJECTS (PTY)LTD
Trading as/ Division Name	None
Previous Name	RAATH AND VAN ZYL (PTY)LTD
Date of Name Change	1989-10-13
Registration Number	M1987/002777/07
Registration Date	1987/06/24
Date Commenced Trading	1987-06-24
Age of Business	26 Years 1 Months
History of Business	ENCON ENGINEERING PROJECTS (PTY)LTD was established in June 1987 and underwent a name change from RAATH AND VAN ZYL (PTY)LTD in September 1989 to the current name.
History of Principals	There is one active director within the business.
Shareholders/Members/Partners of subject and % holding	100 % - REMBRANDT MULDER
Authorised Share Capital	R0.00
Issued Share Capital/Members Contribution	R0.00
Status	In Business
Operations Assessment	ENCON is a multi-disciplinary consulting engineering company. ENCON ENGINEERING PROJECTS (PTY) LTD and or the directors are members of the following bodies: S.A. ASSOCIATION OF CONSULTING ENGINEERS, S.A. INSTITUTE OF CIVIL ENGINEERS, S.A. INSTITUTE OF ELECTRICAL ENGINEERS, ASSOCIATION OF ARBITRATORS (SOUTHERN AFRICA)
Industry/ Customers	Structural Engineering, Electrical Engineering, Civil Engineering, Electronic Engineering, Mechanical Engineering, Industrial Engineering, Project Management
Export	Declined
Import	Declined
Major Industry Code / SICC	35522
Definition of Code	General mechanical engineering on a fee or contract basis
Head Office Physical Address	CASTLE VIEW SOUTH OFFICE PARK, 500 TSITSA STREET, ERASMUSKLOOF, 0048
Head Office Postal Address	PO BOX 11434, ERASMUSKLOOF, 0048
Current Tel Number	0123475013 / 4
Cell Number	0824561635
Current Fax Number	0123478031
Current Email Address	mail@encon.co.za / remy@encon.co.za
Web Site Address	www.encon.co.za