Question
6. 7. 8. KHULU VENTURE CAPITAL (KVC) THABO MOFUTSANYANA DISTRICT Investment Committee Meeting INVESTMENT DECISION Date: June 2022 APPLICATION FOR A BUSINESS LOAN: NEW
6. 7. 8. KHULU VENTURE CAPITAL (KVC) THABO MOFUTSANYANA DISTRICT Investment Committee Meeting INVESTMENT DECISION Date: June 2022 APPLICATION FOR A BUSINESS LOAN: NEW COMPANY TO BE FORMED (NEWCO.) PRODUCT: STEP UP LOAN EXECUTIVE SUMMARY EQUITY: LOAN: R3 197 922 R9 101 778 NAME OF BUSINESS: NEWCO. TO BE FORMED 1. 2. DISTRICT: THABO MOFUTSANYANA 3. FORM OF ENTITY: TYPE: PRIVATE COMPANY REGISTRATION NO: 4. DIRECTORS NAME/S % HOLDING CITIZENSHIP ID NUMBER 1.KAMPALA JACK JOHN 50% SA 2.KAMPELE EVA JILL 50% SA 7504275289111 8508260768222 5. MANAGEMENT NAME/S 5. 1.KAMPALA JACK JOHN 2.KAMPELE EVA JILL 3. TO BE APPOINTED 4. TO BE APPOINTED TITLE CITIZENSHIP SUPERVISOR SOUTH AFRICAN CLERK SOUTH AFRICAN PRODUCTON MANAGER SOUTH AFRICAN FINANCE MANAGER SOUTH AFRICAN MARKET VIABILITY Newco. to be formed has identified the need to manufacture bricks which will be sold directly to the contractors within all the Provinces in South Africa. The business is targeting to supply its products and services to the following customers: The Municipalities The Residential people Building Contractors And the Hardware's within the Free State Province FINANCIAL VIABILITY The projected income statement indicates that the business will generate enough cash flow from operating activities. This means that the business shows an ability of repayment. SECURITY The security cover is 81,1%. RECOMMENDATION It is recommended that: 8.1 8.2 KVC to subscribe to 26% ordinary shares in NEWCO. to be formed at R1 per share. KVC to introduce an amount of R3 197 922 unsecured, non-interest bearing shareholders loan towards Newco. to be formed (Equity). 20
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