MIRA INFORM REPORT

Report Date :

06.06.2014

IDENTIFICATION DETAILS

Name :	KAMITEX IMPORT-EXPORT (PTY) LTD

Registered Office :	250 Wellington Road, Lombardy East

Country :	South Africa

Date of Incorporation :	04.12.2007

Com. Reg. No.:	2007/034675/07

Legal Form :	Private Company

Line of Business :	distributor of petroleum products

No of Employees :	Not Available

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 :	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 – March 31, 2014

Country Name

Previous Rating

(31.12.2013)

Current Rating

(31.03.2014)

South Africa

Risk Category	ECGC Classification
Insignificant	A1
Low Risk	A2
Moderate Low Risk	B1
Moderate Risk	B2
Moderate 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 the 16th largest in the world. 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. The global financial crisis reduced commodity prices and world demand. GDP fell nearly 2% in 2009 but has recovered since then, albeit slowly with 2014 growth projected at about 2%. Unemployment, poverty, and inequality - among the highest in the world - remain a challenge. Official unemployment is at nearly 25% of the work force, and runs significantly higher among black youth. Eskom, the state-run power company, has built two new power stations and installed new power demand management programs to improve power grid reliability. Construction delays at two additional plants, however, mean South Africa is operating on a razor thin margin; economists judge that growth cannot exceed 3% until those plants come on line. 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	KAMITEX IMPORT-EXPORT (PTY)LTD
Country	South Africa
Subject Contact Person	Unavailable
Assessment	On investigation attempts made to establish contact with the subject proved unsuccessful. Should your client be able to provide us with any further information that may assist with contacting the subject, please advise soonest. Further investigations will then be instituted. At present we do not possess sufficient information to compile an assessment. Please see the available information on the subject below.

Auditors information

Company Registered Name	KPMG INCORPOATED
Trading Name	KPMG
Registration Number	M1999/021543/21
Physical Address	85 EMPIRE ROAD, PARKTOWN, JOHANNESBURG, 2193
Postal Address	PRIVATE BAG 9, PARKVIEW, 2122
Contact Person	Unavailable
Contact Number	Unavailable
Email	Unavailable
Principals	191
Judgements Against Subject	None On Record
Judgements Against Principals	None On Record
Subject Verified as Client	No
Practice Number	900133E
VAT Number	4530188665
Tax Number	9559555843
BEE Status	Unavailable
Financial Year End	August
No of years in Business	Unavailable
Website	www.kpmg.com/za/

Company Registered Name	MALHERBE LOURENS INC
Trading Name	None
Registration Number	M2005/021605/21
Physical Address	318 RIVONIA BOULEVARD, RIVONIA, 2128
Postal Address	P O BOX 4590, RANDBURG, 2125
Contact Person	Unavailable
Contact Number	Unavailable
Email	Unavailable
Principals	1
Judgements Against Subject	1
Judgements Against Principals	Unavailable
Subject Verified as Client	No
Practice Number	955361
VAT Number	4710172497
Tax Number	9302006169
BEE Status	Unavailable
Financial Year End	June
No of years in Business	Unavailable
Website	None

Previous Auditors Information - No Information on Record

Tax Information

Vat Number	4450199627
Status	ACTIVE
Vat Liable Date	2002/07/01
Tax Number	9637145146
Financial Year End	February

Black Economic Empowerment Information - No Information on Record

ISO Information - No Information on Record

Work Mans Information - No Information on Record

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

Organisation Chart

Level Position Name

1 CEO NATHANIEL KAMINA NTENDA

Company Structure (Ownership)

Note: One level up and all levels down

Holding	Company	Sub	Comment
100% - NATHANIEL KAMINA NTENDA	KAMITEX IMPORT EXPORT (PTY)	NONE

Key Deals - No Information on Record

Trade References Information - No Information on Record

Adverse Information on Subject

Judgements

Judgements	1
Possible Judgements	No Information on Record
Civil Court	No Information on Record
RDs	No Information on Record
Comment	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	47

Active Principals Principal - 1 of 1 KAMINA NTENDA

Surname	NTENDA
First Name	KAMINA
Other Names	NATHANAEL
ID Number	6703245909182
Verified ID Number	Yes
Current Age	47 Years 3 Months
Designation	Director
Status	Active
Appointment Date	2007/12/04
Physical Address (at time of Appointment)	250 WELLINGTON ROAD, LOMBARDY EAST, JOHANNESBURG, 2001
Postal Address	P O BOX 4409, RANDBURG, 2125
Current Tel Number	0112348001
Cell number	0723343577
Shareholding/Membership	100 %

Principal's Adverse - No information on record

Business Information for KAMINA NTENDA

Principal Current Business Interests

Company Name	Registration No	Status	Age of Business	Judgements	Liquidation	Comment
KAMITEX IMPORT-EXPORT (PTY)LTD	2007/034675/07	In Business	7 Years 7 Months	1	No
REHOBT TRADING CC	B2008/019397/23	Deregistration Process	6 Years 6 Months	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.59.30
UK Pound	1	Rs.99.34
Euro	1	Rs.80.70

INFORMATION DETAILS

Analysis Done by :	KAR

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	KAMITEX IMPORT-EXPORT (PTY)LTD
Trading as/ Division Name	KAMITEX IMPORT-EXPORT
Previous Name	None
Date of Name Change	None
Registration Number	2007/034675/07
Registration Date	2007/12/04
Date Commenced Trading	2007-12-04
Age of Business	6 Years 6 Months
History of Business	The company was established in 2007.
History of Principals	There is 1 director within the company.
Shareholders/Members/Partners of subject and % holding	100 % - NATHANIEL KAMINA NTENDA
Authorised Share Capital	R 0.00
Issued Share Capital/Members Contribution	R 0.00
Status	In Business
Operations Assessment	The operates as a distributor of petroleum products
Industry/ Customers	The public and private sector
Export	Unknown
Import	Unknown
Major Industry Code / SICC	33290
Definition of Code	Manufacture of Other petroleum and synthesized products n.e.c.
Head Office Physical Address	250 WELLINGTON ROAD, LOMBARDY EAST
Head Office Postal Address	P O BOX 4409, RANDBURG, 2125
Current Tel Number	Unavailable
Cell Number	Unavailable
Current Fax Number	Unavailable
Current Email Address	info@kamitex.net
Web Site Address	www.kamitex.net