|
Report Date : |
25.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
ROYAL BAFOKENG CAPITAL (PTY)LTD |
|
|
|
|
Registered Office : |
3rd
Floor198, Oxford Road, Illovo, Sandton, 2196 |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
17.03.2005 |
|
|
|
|
Com. Reg. No.: |
M2005/008062/07 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Investment Entities And Trusts |
|
|
|
|
No. of Employees : |
Not Available |
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 Complaints |
|
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
|
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; a stock exchange that is the 18th largest in the world; and modern infrastructure supporting a relatively efficient distribution of goods to major urban centers throughout the region. Growth was robust from 2004 to 2007 as South Africa reaped the benefits of macroeconomic stability and a global commodities boom but began to slow in the second half of 2007 due to an electricity crisis and the subsequent global financial crisis' impact on commodity prices and demand. GDP fell nearly 2% in 2009 but recovered in 2010-11. Unemployment remains high and outdated infrastructure has constrained growth. State power supplier Eskom encountered problems with aging plants and meeting electricity demand necessitating "load-shedding" cuts in 2007 and 2008 to residents and businesses in the major cities. Daunting economic problems remain from the apartheid era - especially poverty, lack of economic empowerment among the disadvantaged groups, and a shortage of public transportation. South Africa''s economic policy is fiscally conservative focusing on controlling inflation and attaining a budget surplus. The current government largely follows these prudent policies but must contend with the impact of the global crisis and is facing 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
|
Subject
Name |
ROYAL
BAFOKENG CAPITAL (PTY)LTD |
|
Country |
South
Africa |
|
Subject
Contact Person |
PAT
SMITH - Company Secretary |
|
Assessment |
This
is an established business. On investigation we made contact with the company
secretary, PAT SMITH who assisted with the information for the subject. As
this is an Investment Holding Company, there is no financial dealings in the
business. The subject does not have any suppliers. The subject does not have
a banking account as all funds are managed by the sole shareholder namely :
JSW ENERGY NATURAL RESOURCES SOUTH AFRICA (PTY) LTD. Please see the available
information for the subject below. |
|
Registered
Name |
ROYAL
BAFOKENG CAPITAL (PTY)LTD |
|
Trading
as/ Division Name |
ROYAL
BAFOKENG CAPITAL |
|
Previous
Name |
|
|
Date
of Name Change |
|
|
Registration
Number |
M2005/008062/07 |
|
Registration
Date |
2005/03/17 |
|
Date
Commenced Trading |
2005-03-17 |
|
Age
of Business |
7
Years 10 Months |
|
History
of Business |
The
subject was established in 2005 and operations commenced immediately. This is
an Investment Holding Company. |
|
History
of Principals |
|
|
Shareholders/Members/Partners
of subject and % holding |
100
% - JSW ENERGY NATURAL RESOURCES SOUTH AFRICA (PTY) LTD |
|
Authorised
Share Capital |
R
20000.00 |
|
Issued
Share Capital/Members Contribution |
R
0.01 |
|
Status |
In
Business |
|
Operations
Assessment |
INVESTMENT
HOLDING COMPANY |
|
Industry/
Customers |
Group
shareholding entity. |
|
Export |
None |
|
Export
Countries |
|
|
Import |
None |
|
Import
Countries |
|
|
Major
Industry Code / SICC |
81904 |
|
Definition
of Code |
INVESTMENT
ENTITIES AND TRUSTS |
|
Head
Office Physical Address |
3RD
FLOOR198, OXFORD ROAD, ILLOVO, SANDTON, 2196 |
|
Head
Office Postal Address |
P
O BOX 55190, NORTHLANDS, JOHANNESBURG, 2116 |
|
Current
Tel Number |
0100019462
/ 0100019467 |
|
Cell
Number |
|
|
Current
Fax Number |
0865318522 |
|
Current
Email Address |
|
|
Web
Site Address |
|
|
Comments |
|
|
Company
Registered Name |
MAZARS |
|
Trading
Name |
MAZARS |
|
Registration
Number |
2000/011040/07 |
|
Physical
Address |
Mazars
House, 5 ST Davids Place, PARKTOWN |
|
Postal
Address |
Private
Bag X6, GALLO MANOR, 2052 |
|
Contact
Person |
MALCOLM
KEYSER / SHAUN VORSTER |
|
Contact
Number |
0115474000 |
|
Email |
|
|
Principals |
11 |
|
Judgements
Against Subject |
|
|
Judgements
Against Principals |
|
|
Subject
Verified as Client |
Yes |
|
Practice
Number |
902276 |
|
VAT
Number |
4570113862 |
|
Tax
Number |
9060360030 |
|
BEE
Status |
Level
3 |
|
Financial
Year End |
August |
|
No
of years in Business |
|
|
Website |
|
|
Comment |
The
subject is in the process of appointing MAZARS as the current auditor. |
|
Company
Name |
Phone
Number |
Time
with previous auditors |
Comment |
|
PRICE
WATERHOUSECOOPERS INC |
|
4 |
|
|
COMPENDIUM
(PRETORIA) INCORPORATED |
|
8 |
|
|
MALHERBE
LOURENS |
|
Unknown |
|
|
Status |
ACTIVE |
|
Tax
Number |
9596421165 |
|
Tax
Clearance Expire Date |
|
|
Financial
Year End |
December |
|
Comment |
The
subject is not registered for VAT |
|
Black
Economic Empowerment |
|
|
Status |
No |
|
Score |
|
|
Expire
Date |
|
|
BEE
Certificate Available |
|
|
Comment |
The
subject is currently seeking a new BEE partner. |
ISO
Information - No Information on Record
Workman's
compensation
|
Registered |
No |
|
Compliance
Certified |
|
|
Comment |
There
are no employees as it is an Investment Holding Business |
Subsidiaries
|
Subsidiary
Company |
SACMH |
|
Shareholding |
54.06
% |
|
Registration
Number |
|
|
Import
/ Export |
|
|
Comment |
|
|
Employees |
|
|
Number
of Employees |
0 |
|
1.
Salaried employees |
|
|
2.
Waged employees |
|
|
3.
Permanent employees |
|
|
4.
Casual employees |
|
|
5.
Contracted employees |
|
|
Comment |
Managed
by Major Investment Head Office. |
Company
Fleet Information - No Information on Record
|
Offices
Information |
■
No Information on |
Record |
|
|
|
|
|
Branch
Information ■ |
■
No Information on |
Record |
Organizational
Charts No Information on Record
Company
Structure (Ownership)
Note:
One level up and all levels down
|
Holding |
Company |
Sub |
Comment |
|
100
% - JSW ENERGY NATURAL RESOURCES SOUTH AFRICA (PTY) LTD |
ROYAL
BAFOKENK CAPITAL (PTY) LTD |
|
|
Key
Deals - No Information on Record
Trade
References Information - No Information on Record
Adverse
Information on Subject
Judgements
- No information on record
BusinessRescue
- No Information on Record
Default
Listing - No information on record
Notarial
Bonds - No information on record
|
Bank
Comment |
The
subject does not have a banking account as all funds are managed by the sole
shareholder JSW. |
Bank
Code History - No Information on Record
Previous
Bank Account Information - No Information on Record
Deeds
Information - No information on record
Financial
Estimates
|
CURRENT
ASSETS |
R19274487.00 |
|
Property |
|
|
CURRENT
LIABILITIES |
R19274887.00 |
|
Creditors |
|
|
Loans/
From? |
|
|
Loan
Details |
Loan
from Shareholder : R 107 312 803, Intra-Group Loans : R 10 798 815 |
|
LONG
TERM LIABILITIES |
|
|
Morgage
Bonds |
|
|
Previous
Year Turnover |
R1228579.00 |
|
Estimated
Current Year Turnover |
|
|
Current
Turnover per month |
|
|
Current
Turnover per annum |
|
|
Comment |
Loans
From : Shareholder. Financials attached. |
|
Please
note the following: |
|
|
Turnover
and assets less than R 1,000,000.00 |
The
subject falls within the National Credit Act |
|
Turnover
and assets less than R 2,000,000.00 |
The
subject falls within the Consumer Protection Act |
|
Number
of Principals |
2 |
|
Average
Age of Active Principals |
51 |
|
Active
Principals Principal - 1of 2 DAVID MILLER |
|
|
Surname |
MILLER |
|
First
Name |
DAVID |
|
Other
Names |
|
|
Marital
Status |
Married |
|
ID
Number |
6209255188089 |
|
Verified
ID Number |
Yes |
|
Current
Age |
51 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment
Date |
2011/11/01 |
|
Physical
Address (at time of Appointment) |
10
VINCENT AVENUE, DUXBERRY, SANDTON, 2196 |
|
Postal
Address |
P
O BOX 55190, NORTHLANDS, NORTHLANDS, 2116 |
|
Current
Tel Number |
0100019460 |
|
Cell
number |
0824154144 |
|
Shareholding/Membership |
0
% |
Principal's
Adverse - No information on record
Business
Information forDAVID MILLER
Principal
Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
BRYANSTON
UNITED NURSERY SCHOOL ASSOCIATION |
M1972/000012/08 |
In
Business |
41
Years 5 Months |
0 |
No |
|
|
SOUTH
AFRICAN COAL MINING HOLDINGS LTD |
M1994/009012/06 |
In
Business |
19
Years 7 Months |
0 |
No |
|
|
ILANGA
COAL MINES (PTY)LTD |
M1997/014276/07 |
In
Business |
16
Years 4 Months |
0 |
No |
|
|
UMLABU
COLLIERY (PTY)LTD |
M2000/028732/07 |
In
Business |
13
Years 1 Months |
0 |
No |
|
|
MHLATUZE
BAY COAL ADMINISTRATORS |
M2004/021173/08 |
In
Business |
9
Years 9 Months |
0 |
No |
|
|
ROYAL
BAFOKENG CAPITAL (PTY)LTD |
M2005/008062/07 |
In
Business |
8
Years 8 Months |
0 |
No |
|
|
SOUTH
AFRICAN COAL MINING OPERATIONS (PTY)LTD |
M2006/027349/07 |
In
Business |
7
Years 7 Months |
0 |
No |
|
|
SACM
(BREYTEN) (PTY)LTD |
M2006/039199/07 |
In
Business |
7
Years 7 Months |
0 |
No |
|
|
SOUTH
AFRICAN COAL MINING EQUIPMENT COMPANY (PTY)LTD |
M2007/006755/07 |
In
Business |
6
Years 6 Months |
0 |
No |
|
|
MAINSAIL
TRADING 55 (PTY)LTD |
M2007/030411/07 |
In
Business |
6
Years 6 Months |
0 |
No |
|
|
ADVASIGN
(PTY)LTD |
M2009/021408/07 |
In
Business |
4
Years 4 Months |
0 |
No |
|
Principal
Previous Business Interest
Average
Age of Previous Business I 17 Years
|
Company
Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
FULLCIRCLE TECHNOLOGIES (PTY)LTD |
2007/005210/07 |
In
Business |
6
Years 6 Months |
0 |
No |
|
|
LOT
74 UNDERBERG CC |
B1989/018447/23 |
Deregistration
Final |
|
0 |
No |
|
|
B
L N BELEGGINGS CC |
B1990/003307/23 |
Conversion
CO/CC or CC/CO |
23
Years 11 Months |
0 |
No |
|
Principal's
Adverse - No information on record
|
INSULATED
STRUCTURES (1989) (PTY)LTD |
M1971/005601/07 |
In
Business |
42
Years 6 Months |
0 |
No |
|
|
DEXTRAL
INDUSTRIES LTD |
M1993/005029/06 |
Dissolved |
20
Years 8 Months |
0 |
No |
|
|
EMERALD
GREEN TRADING 21 (PTY)LTD |
M2002/015215/07 |
Deregistration
Final |
11
Years 11 Months |
0 |
No |
|
Principal's
Deeds Information - No information on record
|
Principal
- 2of 2 ANTHONY RAYMENT |
|
|
Surname |
RAYMENT |
|
First
Name |
ANTHONY |
|
Other
Names |
JOH |
|
Marital
Status |
Married |
|
ID
Number |
6109235076000 |
|
Verified
ID Number |
Yes |
|
Current
Age |
52 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment
Date |
2011/11/01 |
|
Physical
Address (at time of Appointment) |
TINKERS
FOLLY, 39 CHRISTOPHERSON ROAD, HYDE PARK, 2196 |
|
Postal
Address |
P
O BOX 55190, SANDTON, 2196 |
|
Current
Tel Number |
0100019460 |
|
Cell
number |
0718755399 |
|
Shareholding/Membership |
0
% |
Business
Information forANTHONY RAYMENT
Principal
Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
SOUTH
AFRICAN COAL MINING HOLDINGS LTD |
M1994/009012/06 |
In
Business |
19
Years 7 Months |
0 |
No |
|
|
PROTEA
LAND (PTY)LTD |
M1997/000544/07 |
In
Business |
16
Years 4 Months |
0 |
No |
|
|
ILANGA
COAL MINES (PTY)LTD |
M1997/014276/07 |
In
Business |
16
Years 4 Months |
0 |
No |
|
|
JIGMINING
OPERATIONS NO 1 (PTY)LTD |
M2000/026556/07 |
In
Business |
13
Years 1 Months |
0 |
No |
|
|
UMLABU
COLLIERY (PTY)LTD |
M2000/028732/07 |
In
Business |
13
Years 1 Months |
0 |
No |
|
|
YOMHLABA
COAL (PTY)LTD |
M2001/011609/07 |
In
Business |
0 |
0 |
No |
|
|
JIGMINING
OPERATIONS NO 3 (PTY)LTD |
M2001/014812/07 |
In
Business |
0 |
0 |
No |
|
|
ROYAL
BAFOKENG CAPITAL (PTY)LTD |
M2005/008062/07 |
In
Business |
8
Years 8 Months |
0 |
No |
|
|
SOUTH
AFRICAN COAL MINING OPERATIONS (PTY)LTD |
M2006/027349/07 |
In
Business |
7
Years 7 Months |
0 |
No |
|
|
SACM
(BREYTEN) (PTY)LTD |
M2006/039199/07 |
In
Business |
7
Years 7 Months |
0 |
No |
|
|
SOUTH
AFRICAN COAL MINING EQUIPMENT COMPANY (PTY)LTD |
M2007/006755/07 |
In
Business |
6
Years 6 Months |
0 |
No |
|
|
VOORSLAG
COAL HANDLING (PTY)LTD |
M2007/010232/07 |
In
Business |
6
Years 6 Months |
0 |
No |
|
|
MAINSAIL
TRADING 55 (PTY)LTD |
M2007/030411/07 |
In
Business |
6
Years 6 Months |
0 |
No |
|
|
JSW
ENERGY NATURAL RESOURCES
SOUTH AFRICA (PTY)LTD |
M2010/002801/07 |
In
Business |
3
Years 3 Months |
0 |
No |
|
Principal
Previous Business Interests
Principal's
Adverse - No information on record
Average
Age of Previous Business 15 Years
|
Company
Name |
Registration
No |
Status |
Age
of Business |
Judgements |
Liquidation |
Comment |
|
AUTOMATED
VALVES SHARE INVESTMENTS CC |
B1987/022194/23 |
Deregistration
Final |
26
Years 2 Months |
0 |
No |
|
|
P
KANA CONSULTING CC |
B1995/041235/23 |
In
Business |
18
Years 6 Months |
0 |
No |
|
|
ANGELFISH
INVESTMENTS 527 CC |
B2000/061975/23 |
Deregistration
Final |
13
Years 1 Months |
0 |
No |
|
|
PKF
CORPORATE FINANCE (PTY)LTD |
M1998/018420/07 |
In
Business |
15
Years 3 Months |
0 |
No |
|
|
EBONYEIGHT INVESTMENTS (PTY)LTD |
M2003/028234/07 |
In
Business |
10
Years 10 Months |
0 |
No |
|
|
EBONYEIGHT
GROUP HOLDINGS (PTY)LTD |
M2005/036557/07 |
In
Business |
8
Years 8 Months |
0 |
No |
|
Principal's
Deeds Information - No information on record
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.85 |
|
|
1 |
Rs.85.25 |
|
Euro |
1 |
Rs.71.72 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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.