MIRA
INFORM REPORT
|
Report Date : |
06.12.2011 |
IDENTIFICATION DETAILS
|
Name : |
FIRSTRAND BANK LTD |
|
|
|
|
Registered Office : |
5th Floor Mediacih No 1 Rua Nasco Da Gama Heerengracht Cape Town |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Financials (as on) : |
30.06.2011 |
|
|
|
|
Date of Incorporation : |
11.01.1929 |
|
|
|
|
Com. Reg. No.: |
M1929/001225/06 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Providing Financial and Business Services |
|
|
|
|
No. of Employees : |
34 612 in the group |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No Complaint |
|
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, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
South Africa |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Assessment
On investigation attempts to obtain information
have been unsuccessful.
Messages have been left for various people.
Should our client have a specific contact
name, please advise as the organization is large and it has proved difficult to
contact the correct person.
Please see basic details below and advise if
any further details are forthcoming.
Company Information
|
Registered
Name |
FIRSTRAND BANK LTD |
|
Trading
as/ Division Name |
|
|
Previous Name |
|
|
Date of Name
Change |
|
|
Registration
Number |
M1929/001225/06 |
|
Registration
Date |
1929-01-11 |
|
Date Commenced
Trading |
|
|
History of
Business |
|
|
History of
Principals |
|
|
Shareholders/Members/Partners
of subject and % holding |
100% FIRSTRAND LTD Listed on the JSE |
|
Authorised Share
Capital |
|
|
Issued Share
Capital |
|
|
Age of Company |
82 years 10 months |
|
Status |
In Business |
|
Operations
Assessment |
|
|
Industry/
Customers |
|
|
Export |
|
|
Major Industry
Code / SICC |
81110 Financial and Business |
|
Definition of
Code |
Central Banking |
|
Head Office
Physical Address |
5th Floor Mediacih No 1 Rua Nasco Da Gama HEERENGRACHT Cape Town |
|
Head Office Postal
Address |
|
|
Current Tel
Number Cell number |
Head Office :011 2828370 |
|
Current Fax
Number |
|
|
Current Email
Address |
|
|
Web Site Address |
|
Auditors Information
|
Company
Registered Name |
PRICEWATERHOUSECOOPERS INC |
|
Trading Name |
PWC INC |
|
Registration
Number |
1998/012055/21 |
|
Physical Address |
2 Eglin Road SUNNINGHILL 2157 |
|
Postal Address |
Private Bag X36 SUNNINGHILL 2157 |
|
Contact Person |
Sakkie Buys |
|
Contact Number |
011 797 4000 |
|
Email |
|
|
Principals |
246 |
|
Judgements
Against Subject |
None |
|
Judgements
Against Principals |
None |
|
Subject Verified
as Client |
Yes |
|
VAT Number |
4950174682 |
|
Tax Number |
9343032844 |
|
BEE Status |
Level 2 |
|
Financial Year
End |
June |
|
Website |
www.pwc.com |
Previous Auditors
|
Company Name/ Tel |
Time With Previous Auditors |
|
None |
|
Tax Information
|
Vat Number |
Unavailable |
|
Status |
|
|
Vat Liable Date |
|
|
Tax Number |
9284001121 |
|
Tax Clearance
Expire Date |
|
|
Financial Year
End |
|
Black Economic Empowerment
|
Status |
Yes |
|
Score |
Level 3 |
|
Expire Date |
|
|
BEE Certificate
Available |
Yes/No |
ISO Status
|
Type of ISO
Grade |
Unavailable |
|
ISO Certificate |
|
|
ISO Certificate
Available |
|
|
Certified by
anAccredited Agent |
|
Workman’s compensation
|
Registered |
Unavailable |
|
Compliance
Certified |
|
Company Structure
|
Branches |
Retail branches- 823 ATM’s- 6462 |
|
Subsidiary
Companies |
RAND MERCHANT BANK |
|
|
WESBANK |
|
|
FIRST NATIONAL BANK |
|
|
RMB PRIVATE BANK |
|
Number of
Employees |
34 612 in
the group |
|
1.
Salaried
employees |
|
|
2.
Waged
employees |
|
|
3.
Permanent
employees |
|
|
4.
Casual
employees |
|
|
5.
Contracted
employees |
|
Company Fleet |
No of vehicles: |
Owned/ Leased |
Value |
Outstanding
Balance |
|
Fleet Operations |
|
|
|
|
|
The Fleet is
made up of |
|
|
|
|
|
1.
Cars |
|
|
|
|
|
2.
Light
Delivery Vehicles |
|
|
|
|
|
3.
Trailers |
|
|
|
|
|
4.
Busses |
|
|
|
|
|
5.
Trucks |
|
|
|
|
|
6.
Fork
Lifts |
|
|
|
|
|
7.
Other |
|
|
|
|
Branches Owned/
Rented |
Mostly Leased |
Trade References
|
Supplier |
Contact |
|
Unavailable |
|
Trade References
|
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
|
Unavailable |
|
|
|
|
|
|
Adverse Information
on Subject
|
Judgements |
11 |
|
Possible
Judgements |
None |
|
Civil Court |
None |
|
RDs |
None |
Default Data
|
Date |
Details |
|
None |
|
Notarial Bonds
|
Date |
Details |
|
None |
|
Deeds Information
The subject owns over 1000 properties.
Bank Information
|
Bank |
Unavailable |
|
Branch |
|
|
Bank Account
Number |
|
|
Type of Account |
|
|
Branch Code |
|
|
Account Name |
|
|
Overdraft
Facilities |
|
|
Date Opened |
|
|
Bank Code |
|
|
Bank Comment |
|
Bank CodesHistory
|
Date requested |
Bank Code |
Enquiry Amount |
Number of RD’s |
RD amount |
RD Date |
Bank Comments |
|
None |
|
|
|
|
|
|
Previous Bank Accounts
|
Banker |
Branch Code |
Account Holder |
Account number |
Date opened |
Years with bank |
|
None |
|
|
|
|
|
Financial Information
Financial Estimates
Please see attached financials, consolidated
and on the holding company.
Principals
|
Number of
Principals |
21 |
|
Average Age of
Active Principals |
57 |
Active Principals
Principal 1 of 21
|
Surname |
BOMELA |
|
First Names |
MARY |
|
Marital Status |
|
|
ID Number |
7303170858089 |
|
Verified ID
Number |
Yes |
|
Current Age |
38 |
|
Designation |
Executive Director |
|
Status |
Active |
|
Appointment Date |
2011-09-24 |
|
Address (at time
of Appointment) |
1135 Eagle Canyon Golf Estate Blueberry Road HONEYDEW Gauteng |
Adverse
Information on Principal
Judgement
|
Number of
Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Principal 2 of 21
|
Surname |
PREMNARAYEN |
|
First Names |
DEEPAK |
|
Marital Status |
|
|
ID Number |
451221 |
|
Verified ID
Number |
Yes |
|
Current Age |
66 |
|
Designation |
Businessman |
|
Status |
Active |
|
Appointment Date |
2010-07-01 |
|
Address (at time
of Appointment) |
601 Indraprastha Santa Cruz W MUMBAI India |
Adverse Information on Principal
Judgement
|
Number of
Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Principal 3 of 21
|
Surname |
SCHOEMAN |
|
First Names |
KGOTSO |
|
Marital Status |
|
|
ID Number |
6312235863084 |
|
Verified ID
Number |
Yes |
|
Current Age |
48 |
|
Designation |
CEO |
|
Status |
Active |
|
Appointment Date |
2010-07-01 |
|
Address (at time
of Appointment) |
444 Smuts Street MIDRAND 1685 |
Adverse Information on Principal
Judgement
|
Number
of Judgements |
None |
Debt Review
|
Debt
review |
None |
Other
|
Default
data |
None |
Principal 4 of 21
|
Surname |
NZIMANDE |
|
First Names |
AMANDA |
|
Marital Status |
|
|
ID Number |
7008290485081 |
|
Verified ID
Number |
Yes |
|
Current Age |
41 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2010-07-01 |
|
Address (at time
of Appointment) |
2 Ibis Place RANDPARK RIDGE EXT 12 Gauteng |
Adverse Information on Principal
Judgement
|
Number of
Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Principal 5 of 21
|
Surname |
GWAGWA |
|
First Names |
NOLULAMO |
|
Marital Status |
|
|
ID Number |
5904100711082 |
|
Verified ID
Number |
Yes |
|
Current Age |
52 |
|
Designation |
Development Planner |
|
Status |
Active |
|
Appointment Date |
2010-07-01 |
|
Address (at time
of Appointment) |
213 Kloof Street WATERKLOOF Pretoria |
Adverse Information on Principal
Judgement
|
Number
of Judgements |
None |
Debt Review
|
Debt
review |
None |
Other
|
Default
data |
None |
Principal 6 of 21
|
Surname |
VISSER |
|
First Names |
MATTHYS |
|
Marital Status |
|
|
ID Number |
5403135027085 |
|
Verified ID
Number |
Yes |
|
Current Age |
57 |
|
Designation |
Businessman |
|
Status |
Active |
|
Appointment Date |
2009-07-22 |
|
Address (at time
of Appointment) |
1 Jannasch Street MOSTERTSDRIF Stellenbosch |
Adverse Information on Principal
Judgement
|
Number
of Judgements |
None |
Debt Review
|
Debt
review |
None |
Other
|
Default
data |
None |
Principal 7 of 21
|
Surname |
VAN GREUNING |
|
First Names |
JAN |
|
Marital Status |
|
|
ID Number |
530328507083 |
|
Verified ID
Number |
Yes |
|
Current Age |
58 |
|
Designation |
Director of Economics |
|
Status |
Active |
|
Appointment Date |
2008-11-28 |
|
Address (at time
of Appointment) |
10937 Hunters Gate Way RESTON VA USA |
Adverse Information on Principal
Judgement
|
Number
of Judgements |
None |
Debt Review
|
Debt
review |
None |
Other
|
Default
data |
None |
Principal 8 of 21
|
Surname |
CHAN |
|
First Names |
SWEE KEE |
|
Marital Status |
|
|
ID Number |
550403 |
|
Verified ID
Number |
Yes |
|
Current Age |
56 |
|
Designation |
Diretcor of Economics |
|
Status |
Active |
|
Appointment Date |
2008-11-28 |
|
Address (at time
of Appointment) |
Plot 396A Makeni Road LUSAKA Zambia |
Adverse Information on Principal
Judgement
|
Number
of Judgements |
None |
Debt Review
|
Debt
review |
None |
Other
|
Default
data |
None |
Principal 9 of 21
|
Surname |
CROUSE |
|
First Names |
LEON |
|
Marital Status |
|
|
ID Number |
5303205054086 |
|
Verified ID
Number |
Yes |
|
Current Age |
58 |
|
Designation |
Finance Director |
|
Status |
Active |
|
Appointment Date |
2009-09-30 |
|
Address (at time
of Appointment) |
9 Hendrik Boom Street De Kuilen Village De Zalze Winelands Golf Estate Strand Road STELLENBOSCH Western Cape |
Adverse Information on Principal
Judgement
|
Number
of Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Principal 10 of 21
|
Surname |
BESTER |
|
First Names |
JURIE |
|
Marital Status |
|
|
ID Number |
4202255073080 |
|
Verified ID
Number |
Yes |
|
Current Age |
69 |
|
Designation |
Banker |
|
Status |
Active |
|
Appointment Date |
2008-06-17 |
|
Address (at time
of Appointment) |
6 Neptune Close SIMONSTOWN 7975 |
Adverse Information on Principal
Judgement
|
Number
of Judgements |
None |
Debt Review
|
Debt
review |
None |
Other
|
Default
data |
None |
Principal 11 of 21
|
Surname |
MATENGE-SEBESHO |
|
First Names |
ETHEL |
|
Marital Status |
|
|
ID Number |
502120904081 |
|
Verified ID
Number |
Yes |
|
Current Age |
56 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2006-06-29 |
|
Address (at time
of Appointment) |
5 Second Avenue HOUGHTON 2198 |
Adverse Information on Principal
Judgement
|
Number
of Judgements |
None |
Debt Review
|
Debt
review |
None |
Other
|
Default
data |
None |
Principal 12 of 21
|
Surname |
STORE |
|
First Names |
RONALD |
|
Marital Status |
|
|
ID Number |
4207315082088 |
|
Verified ID
Number |
Yes |
|
Current Age |
69 |
|
Designation |
Consultant |
|
Status |
Active |
|
Appointment Date |
2004-10-07 |
|
Address (at time
of Appointment) |
4 St Hellier Karen Street Lyme Park SANDTON Gauteng |
Adverse Information on Principal
Judgement
|
Number
of Judgements |
None |
Debt Review
|
Debt
review |
None |
Other
|
Default
data |
None |
Principal 13 of 21
|
Surname |
NXASANA |
|
First Names |
SIZWE |
|
Marital Status |
|
|
ID Number |
5708075894082 |
|
Verified ID
Number |
Yes |
|
Current Age |
54 |
|
Designation |
CEO |
|
Status |
Active |
|
Appointment Date |
2004-01-21 |
|
Address (at time
of Appointment) |
13A 13th Avenue HOUGHTON Johannesburg |
Adverse Information on Principal
Judgement
|
Number of
Judgements |
None |
Debt Review
|
Debt
review |
None |
Other
|
Default
data |
None |
Principal 14 of 21
|
Surname |
VAN DER ROSS |
|
First Names |
B |
|
Marital Status |
|
|
ID Number |
4702035161014 |
|
Verified ID
Number |
Yes |
|
Current Age |
64 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2004-01-21 |
|
Address (at time
of Appointment) |
39 Doordrif Village Doordrif Road CONSTANTIA Cape Town |
Adverse Information on Principal
Judgement
|
Number
of Judgements |
None |
Debt Review
|
Debt
review |
None |
Other
|
Default
data |
None |
Principal 15 of 21
|
Surname |
JARDINE |
|
First Names |
WILLLIAM |
|
Marital Status |
|
|
ID Number |
6509135220089 |
|
Verified ID
Number |
Yes |
|
Current Age |
46 |
|
Designation |
Chief Executive |
|
Status |
Active |
|
Appointment Date |
2004-01-21 |
|
Address (at time
of Appointment) |
24 Gerad Street OBSERVATORY 2198 |
Adverse Information on Principal
Judgement
|
Number
of Judgements |
None |
Debt Review
|
Debt
review |
None |
Other
|
Default
data |
None |
Principal 16 of 21
|
Surname |
BURGER |
|
First Names |
JOHAN |
|
Marital Status |
|
|
ID Number |
5811115090081 |
|
Verified ID
Number |
Yes |
|
Current Age |
57 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
1998-05-25 |
|
Address (at time
of Appointment) |
11 Bauhinia Laan WELTEVREDEN PARK Roodepoort |
Adverse Information on Principal
Judgement
|
Number of
Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Principal 17 of 21
|
Surname |
GOSS |
|
First Names |
PATRICK |
|
Marital Status |
|
|
ID Number |
4803135055005 |
|
Verified ID
Number |
Yes |
|
Current Age |
63 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
1998-05-25 |
|
Address (at time
of Appointment) |
23 Ernst Whitcutt Road COWIES HILL 3610 |
Adverse Information on Principal
Judgement
|
Number
of Judgements |
None |
Debt Review
|
Debt
review |
None |
Other
|
Default
data |
None |
Principal 18 of 21
|
Surname |
HARRIS |
|
First Names |
PAUL |
|
Marital Status |
|
|
ID Number |
4912295172086 |
|
Verified ID
Number |
Yes |
|
Current Age |
62 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
1998-05-25 |
|
Address (at time
of Appointment) |
21 Suikerbossie 80 Mount Street BRYANSTON 2021 |
Adverse Information on Principal
Judgement
|
Number
of Judgements |
None |
Debt Review
|
Debt
review |
None |
Other
|
Default
data |
None |
Principal 19 of 21
|
Surname |
DIPPENAAR |
|
First Names |
LAURITZ LANSER |
|
Marital Status |
|
|
ID Number |
4810255049080 |
|
Verified ID
Number |
Yes |
|
Current Age |
63 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
1998-05-25 |
|
Address (at time
of Appointment) |
80 Mount Street BRYANSTON 2021 |
Adverse Information on Principal
Judgement
|
Number
of Judgements |
None |
Debt Review
|
Debt
review |
None |
Other
|
Default
data |
None |
Principal 20of 21
|
Surname |
UNSER |
|
First Names |
BRUCE |
|
Marital Status |
|
|
ID Number |
4702195153009 |
|
Verified ID
Number |
Yes |
|
Current Age |
64 |
|
Designation |
Company Secretary |
|
Status |
Active |
|
Appointment Date |
1997-03-26 |
|
Address (at time
of Appointment) |
12 Westerford Road Douglasdale Ext 4 SLOANE PARK 2152 |
Adverse Information on Principal
Judgement
|
Number of
Judgements |
None |
Debt Review
|
Debt
review |
None |
Other
|
Default
data |
None |
Principal 21 of 21
|
Surname |
BARTLETT |
|
First Names |
VIVIAN |
|
Marital Status |
|
|
ID Number |
4304125098006 |
|
Verified ID
Number |
Yes |
|
Current Age |
68 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
1996-09-10 |
|
Address (at time
of Appointment) |
155 Senior Drive NORTHCLIFFE Johannesburg |
Adverse Information on Principal
Judgement
|
Number of
Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.39 |
|
|
1 |
Rs.80.20 |
|
Euro |
1 |
Rs.68.92 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.