I'm a former holder of KZL,
thought you guys might find this interesting:
"This telling flurry of friendly correspondence is not good news for creditors of Kagara, who are demanding an investigation into the administration. Kagara has run too long, cost too much and administrator FTI has successfully won an exemption from producing financial accounts."
more here:
http://www.theage.com.au/business/more-fuel-for-the-asic-fire-20130607-2nvqv.html