MIRA
INFORM REPORT
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Report Date : |
20th
January, 2007 |
IDENTIFICATION DETAILS
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Name : |
THE STANDARD BANK OF SOUTH AFRICA LTD |
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Registered Office : |
9th Floor Standard Bank Centre, |
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Country : |
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Date of Incorporation : |
13.03.1962 |
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Com. Reg. No.: |
1962/000738/06. |
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Legal Form : |
Commercial
Bank |
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Line of Business : |
A Commercial Bank which provides the complete spectrum
of banking facilities and products. |
RATING & COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 |
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Status : |
Good |
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Payment Behaviour : |
Usually
Correct |
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Litigation : |
Clear |
COMPANY NAME
THE STANDARD BANK OF SOUTH AFRICA LTD
(Registered Bank in
BUSINESS UNITS
PERSONAL AND BUSINESS BANKING
CORPORATE AND INVESTMENT
BANKING
PHYSICAL ADDRESS
9th Floor Standard Bank Centre
POSTAL ADDRESS
2000
TELEPHONE NUMBER
011 636 9111
FAX NUMBER
011 636 4207 / 836-8596
SHAREHOLDERS
100% STANDARD
BANK GROUP LTD – registration certificate number:
1969/017128/06 (formerly STANDARD BANK INVESTMENT CORPORATION LTD, the
name having been changed on 3 June 2002) – Quoted on the JSE Securities
Exchange South
ASSOCIATE COMPANIES
Wholly owned subsidiaries:
Ø
BLUE BOND INVESTMENTS LTD
Ø
DINERS CLUB SA (PTY) LTD
Ø
STANDARD BANK INSURANCE BROKERS LTD
Ø
STANDARD INSURANCE LTD
Ø
STANDARD BANK LONDON LTD (
Ø
STANDARD BANK JERSEY LTD
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STANDARD NEW YORK INC.
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STANDARD BANK ASIA LTD
Ø
STANDARD BANK LESOTHO LTD
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STANDARD BANK NAMIBIA LTD
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STANDARD BANK SWAZILAND LTD
Ø
STANBIC BANK GHANA LTD
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STANBIC BANK KENYA LTD
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STANBIC BANK UGANDA LTD
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STANBIC BANK ZAMBIA LTD
Plus other companies within the group.
DIRECTORS
Ø D E COOPER (Chairman)
Ø J H MAREE (Chief Executive)
Ø M J D RUCK (Executive Director)
Ø D D B BAND
Ø E BRADLEY
Ø T
Ø D A HAWTON
Ø SIR PAUL JUDGE
Ø S J MACOZOMA
Ø R P MENELL
Ø ADV. K D MOROKA
Ø A C NISSEN
Ø SIR ROBERT SMITH
Ø S P RIDLEY
Ø J E JONAH
Ø M C RAMAPOSA
Ø DR M A RAMPHELE
Ø M J SHAW
BANKERS
RESERVE BANK OF
DATE REGISTERED
13 March 1962
Registration certificate number 1962/000738/06.
VAT NUMBER
4100105461
MAJOR OPERATION
A Commercial Bank which provides the complete spectrum
of banking facilities and products.
It was stated that the Corporate and Investment Banking
division support a wide range of clients around the world in their banking,
finance, trade, investment and advisory services.
The subject provides the following products: home loans,
loans and overdrafts, credit cards, current accounts, savings accounts, vehicle
finance and the following services:
internet access, insurance, pre-paid, foreign exchange, tools and
calculator, share trading etc.
MAJOR SUPPLIERS
It was deemed not necessary for trade references to be
submitted by respondents in view of the standing of the subject.
MAJOR CUSTOMERS OR BUSINESS
SECTORS
General public, commerce and industry in general
AREA OF DISTRIBUTION AND SELLING
EXPORTS
17 African countries, 21 countries on other continents,
Europe,
TOTAL EMPLOYEES
36 662 employees in the group.
OTHER PREMISES
The subject is reported to have premises countrywide.
OWNED OR LEASED
Some of the premises are reported to be owned by either the company or the pension fund in the group and some are leased.
AUTHORISED SHARE CAPITAL
R90 million divided into 80 million ordinary R1 shares and 1 billion non-redeemable, non-cumulative, non-participating preference shares of R0,01 cents each.
ISSUED SHARE CAPITAL
R59 997 107
Attached please see extracts from the latest available Stock Exchange handbook on the holding company.
AUDITORS
PRICEWATERHOUSECOOPERS / K P M G INC
YEAR END
DECEMBER
INSURANCE BROKERS
SELF INSURED
TRADE REFERENCES
NOT APPLICABLE
COMMENTS
This is a large, very well established
commercial bank in
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial
base with the strongest capability for timely payment of interest and
principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |
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NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
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