MIRA INFORM REPORT

Report No. :	302299
Report Date :	14.01.2015

IDENTIFICATION DETAILS

Name :	EIL SOUTH AFRICA POWER DEVELOPMENT (PTY) LTD
Registered Office :	17 Vincent Road, Vincent, East London, 5247, P O Box 19728, Tecoma, 5214
Country :	South Africa
Date of Incorporation :	29.09.2005
Com. Reg. No.:	M2005/034760/07
Legal Form :	Private Company
Line of Business :	Not Available [We tried to confirm / obtain the detailed activity but the same is not available from any sources]
No. of Employee :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ca

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 – September 30, 2014

Country Name	Previous Rating (30.06.2014)	Current Rating (30.09.2014)
South Africa	A2	A2

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 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

Company summary

Subject Name	EIL SOUTH AFRICA POWER DEVELOPMENT (PTY) LTD
Country	South Africa
Subject Contact Person	CAYLEY HUDSON - AUDITOR
Assessment	This is an established business. On investigation contact was made with CAYLEY HUDSON a person at the auditors, who could not provide the subjects contact numbers, as their auditor is still on leave, however she managed to provide the subjects email address. We forwarded a questionnaire and still awaiting a response. There are duplicates of Directors showing on the CIPC. Please see the available information on the subject below.

Company information

Registered Name	EIL SOUTH AFRICA POWER DEVELOPMENT (PTY) LTD
Trading as/ Division Name	None
Previous Name	None
Date of Name Change	None
Registration Number	M2005/034760/07
Registration Date	2005/09/29
Date Commenced Trading	2005-09-29
Age of Business	9 Years 4 Months
History of Business	The subject commenced trading as a new business in 2005
History of Principals	There are 5 active principals within the subject.
Shareholders/Members/Partners of subject and % holding	Unavailable
Authorised Share Capital
Issued Share Capital/Members Contribution
Status	In Business
Operations Assessment
Industry/ Customers
Export
Export Countries
Import
Import Countries
Major Industry Code / SICC	9000
Definition of Code
Head Office Physical Address	17 Vincent Road, Vincent, East London, 5247
Head Office Postal Address	P O Box 19728, Tecoma, 5214
Current Tel Number	Unavailable
Cell Number	Unavailable
Current Fax Number	Unavailable
Current Email Address	Unavailable
Web Site Address	Unavailable
Comments

Auditors information

Company Registered Name	CHARTERIS AND BARNES CC
Trading Name	None
Registration Number	B1988/013996/23
Physical Address	17 Vincent Road, Vincent, 5214
Postal Address	P O BOX 19728, TECOMA, 5214
Contact Person	CAYLEY HUDSON
Contact Number	0437042200
Email	el@cbarnes.co.za
Principals	8
Judgements Against Subject
Judgements Against Principals
Subject Verified as Client
Practice Number	949914
VAT Number	4520112519
Tax Number	9720086645
BEE Status
Financial Year End
No of years in Business	9 Years 2 Months
Website
Comment

Previous Auditors Information - No Information on Record

Tax information

Vat Number	4750227870
Status	ACTIVE
Vat Liable Date	2005/08/01
Tax Number	9073318173
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 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

Organizational Chart - No In formation 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	5
Average Age of Active Principals	54
Number of Inactive Principals
Active Principals Active Principal - 1 of 5 GOPAL KRISHNA CHAUDHARI
Surname	CHAUDHARI
First Name	GOPAL KRISHNA
Other Names
Marital Status
ID Number	6806180000000
Verified ID Number	No
Current Age	46 Years 7 Months
Designation	INDUSTRIALIST
Status	Active
Appointment Date	2010/06/01
Physical Address (at time of Appointment)	203 MAJORCA, THE ISLAND CLUB, NORTHBANK LANE, CENTURY CITY, 7441
Postal Address	203 MAJORCA, THE ISLAND CLUB, NORTHBANK LANE, CENTURY CITY, 7441
Current Tel Number
Cell number
Shareholding/Membership	0.00

Principal’s Adverse – No Information on Record

Business Information for GOPAL KRISHNA CHAUDHARI Principal Current Business Interests

Company Name	Registration No	Status	Age of Business	Judgements	Liquidation	Comment
EIL SOUTH AFRICA POWER DEVELOPMENT (PTY)LTD	M2005/034760/07	In Business	10 Years 10 Months	0	No
LANGEFONTEIN WIND FARMS (PTY)LTD	M2006/013072/07	In Business	9 Years 9 Months	0	No

Principal's Previous Business Interests - No information on record

Principal's Deeds Information - No information on record

Active Principal - 2 of 5 AJAY

JOGINDERNATH MEHARA

Surname	MEHARA
First Name	AJAY JOGINDERNATH
Other Names
Marital Status
ID Number	5512060000000
Verified ID Number	No
Current Age	59 Years 1 Months
Designation	INDUSTRIALIST
Status	Active
Appointment Date	2005/11/01
Physical Address (at time of Appointment)	301 HARISKRISHNA PRESIDENCY SOCIETY, NS ROAD NO 8 JVPD, INDIA, 0000
Postal Address	P O BOX 19728, TECOMA, 5214
Current Tel Number
Cell number
Shareholding/Membership	0.00

Principal’s Adverse – No Information on Record

Business Information for AJAY JOGINDERNATH MEHARA Principal Current Business Interests

Company Name	Registration No	Status	Age of Business	Judgements	Liquidation	Comment
EIL SOUTH AFRICA POWER DEVELOPMENT (PTY)LTD	M2005/034760/07	In Business	10 Years 10 Months	0	No
LANGEFONTEIN WIND FARMS (PTY)LTD	M2006/013072/07	In Business	9 Years 9 Months	0	No

Principal's Previous Business Interests - No information on record

Principal's Deeds Information - No information

Active Principal – 3 of 5

YOGESH JOGINDERNATH MEHRA

Surname	MEHRA
First Name	YOGESH JOGINDERNATH
Other Names
Marital Status
ID Number	5912010000000
Verified ID Number	No
Current Age	55 Years 1 Months
Designation	INDUSTRIALIST
Status	Active
Appointment Date	2005/11/01
Physical Address (at time of Appointment)	201 HARESKRISHNA PRESIDENCY SOCIETY, NS RAOD NO 8 JVPD VILLE PARLE WEST, MUMBAI 400 049, 0000
Postal Address	C/O P O BOX 19728, TECOMA, 5214
Current Tel Number
Cell number
Shareholding/Membership	0.00

Principal’s Adverse – No Information on Record

Business Information for YOGESH JOGINDERNATH MEHRA

Principal Current Business Interests

Company Name	Registration No	Status	Age of Business	Judgements	Liquidation	Comment
EIL SOUTH AFRICA POWER DEVELOPMENT (PTY)LTD	M2005/034760/07	In Business	10 Years 10 Months	0	No
LANGEFONTEIN WIND FARMS (PTY)LTD	M2006/013072/07	In Business	9 Years 9 Months	0	No

Principal's Previous Business Interests - No information on record

Principal's Deeds Information - No information on record

Active Principal - 4 of 5

AJAY JOGINDERNATH MEHRA

Surname	MEHRA
First Name	AJAY JOGINDERNATH
Other Names
Marital Status
ID Number	551206
Verified ID Number	No
Current Age	Unknown
Designation	INDUSTRIALIST
Status	Active
Appointment Date
Physical Address (at time of Appointment)	301 HAREKRISHNA PRESIDENCY SOC, NS ROAD NO 8 JVPD VILE PARLE (WEST), MUMBAI, MAHARASHTRA INDIA, 400 049
Postal Address	P O BOX 19728, TECOMA, 5214
Current Tel Number
Cell number
Shareholding/Membership	0.00

Principal’s Adverse – No Information on Record

Business Information for AJAY JOGINDERNATH MEHRA

Principal Current Business Interests

Company Name	Registration No	Status	Age of Business	Judgements	Liquidation	Comment
EIL SOUTH AFRICA POWER DEVELOPMENT (PTY)LTD	M2005/034760/07	In Business	10 Years 10 Months	0	No

Principal's Previous Business Interests - No information on record

Principal's Deeds Information - No information on record

Active Principal - 5 of 5

YOGESH JOGINDERNATH MEHRA

Surname	MEHRA
First Name	YOGESH JOGINDERNATH
Other Names
Marital Status
ID Number	591201
Verified ID Number	No
Current Age	Unknown
Designation	INDUSTRIALIST
Status	Active
Appointment Date
Physical Address (at time of Appointment)	201 HAREKRISHNA PRESIDENCY SOC, NS ROAD NO.8 JVPD VILE PARLE (WEST), MUMBAI, MAHARSHTRA INDIA, 400 049
Postal Address	P O BOX 19728, TECOMA, 5214
Current Tel Number
Cell number
Shareholding/Membership	0.00

Principal’s Adverse – No Information on Record

Business Information for YOGESH JOGINDERNATH MEHRA

Principal Current Business Interests

Company Name	Registration No	Status	Age of Business	Judgements	Liquidation	Comment
EIL SOUTH AFRICA POWER DEVELOPMENT (PTY)LTD	M2005/034760/07	In Business	10 Years 10 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.62.10
UK Pound	1	Rs.94.10
Euro	1	Rs.73.42

INFORMATION DETAILS

Analysis Done by :	DIV
Report Prepared by :	TPT

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%)

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.