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MIRA
INFORM REPORT
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Report No. : |
507141 |
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Report Date : |
08.05.2018 |
IDENTIFICATION DETAILS
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Name : |
IMPALA PLATINUM LIMITED |
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Formerly Known As : |
IMPALA PROSPECTING COMPANY
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Registered Office : |
2
Fricker Road, Illovo, Johannesburg Gauteng, 2196 |
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Country : |
South Africa |
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Financials (as on) : |
2017 |
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Date of Incorporation : |
11.07.1952 |
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Com. Reg. No.: |
1952/071942/06 |
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Legal Form : |
Public Company |
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Line of Business : |
The subject is involved in
the mining of platinum and associated group metals, such as: Palladium
Rhodium, Gold, Ruthemium, Copper and Nickel. |
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No. of Employees : |
46,000 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but Correct |
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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
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
South Africa |
A2 |
A2 |
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Risk Category |
ECGC Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
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; and a stock exchange that is Africa’s largest and among the top 20 in the world.
Economic growth has decelerated in recent years, slowing to an estimated 0.7% in 2017. Unemployment, poverty, and inequality - among the highest in the world - remain a challenge. Official unemployment is roughly 27% of the workforce, and runs significantly higher among black youth. Even though the country's modern infrastructure supports a relatively efficient distribution of goods to major urban centers throughout the region, unstable electricity supplies retard growth. Eskom, the state-run power company, is building three new power stations and is installing new power demand management programs to improve power grid reliability but has been plagued with accusations of mismanagement and corruption and faces an increasingly high debt burden.
South Africa's economic policy has focused on controlling inflation while empowering a broader economic base; however, the country faces structural constraints that also limit economic growth, such as skills shortages, declining global competitiveness, and frequent work stoppages due to strike action. The government faces growing pressure from urban constituencies to improve the delivery of basic services to low-income areas, to increase job growth, and to provide university level-education at affordable prices. Political infighting among South Africa’s ruling party and the volatility of the rand risks economic growth. International investors are concerned about the country’s long-term economic stability; in late 2016, most major international credit ratings agencies downgraded South Africa’s international debt to junk bond status.
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Source : CIA |
Executive Summary
The subject is very well established. No judgments recorded against the subject. Accounts are paid on due date. The subject has an excellent reputation. The subject is considered equal to its normal business engagements.
COMPANY INFORMATION
OVERVIEW
|
History |
Impala Platinum Limited trading as Implats was established in July
1952 as Impala Prospecting Company ltd, and operations commenced immediately.
In November 1952, the subject underwent a name change to its current name. |
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STATUTORY INFORMATION |
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Registered Name |
IMPALA PLATINUM LIMITED |
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Trading As |
IMPLATS |
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Previous Names |
IMPALA PROSPECTING COMPANY (07/11/1952) |
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Registration Number |
1952/071942/06 |
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Type Of Company |
Public Company |
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Registered Date |
11/07/1952 |
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Date Commenced Trading |
11/07/1952 |
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Commercial Status |
In Business |
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Financial Year End |
June |
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CONTACT DETAILS |
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Contact Number |
+27 11 731 9000 |
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Email Address |
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Fax Number |
+27 11 731 8252 |
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Website |
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Social Media Presence |
Facebook; Twitter; LinkedIn; YouTube |
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Registered Physical Address |
2 Fricker Road Illovo Johannesburg Gauteng South Africa 2196 |
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Trading Physical Address |
2 Fricker Road Illovo Johannesburg Gauteng South Africa 2196 |
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Postal Address |
Private Bag X18 Northlands Johannesburg Gauteng South Africa 2116 |
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TAX INFORMATION
TAX INFORMATION
Income Tax
Number 9260009601
VAT INFORMATION
|
VAT Status |
The subject is registered for VAT (VAT number/s made available) |
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VAT Number |
4680121797 |
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Status |
Active |
OFFICERS AND PROFESSIONAL SERVICES
LIST OF OFFICERS AND PROFESSIONAL SERVICES
|
Type |
Name |
Contact Name |
Contact Number |
|
Insurance |
Jardine Lloyd Thompson South Africa |
Marietjie Van Der Merwe |
+27113610000 |
|
Auditor |
Pricewaterhousecoopers Inc |
A J Rossouw |
27124290000 |
OWNERSHIP STRUCTURE
SHAREHOLDING INFORMATION
CURRENT
|
Holding Company |
Share |
Type |
Comment |
|
Impala Platinum Holdings Ltd |
96% |
Holding Company |
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|
Shareholder/Member Name |
Share/Interest |
Type |
Comment |
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Impala Platinum Employee Trust |
4% |
Shareholder |
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Associated Companies |
Share |
Type |
Comment |
|
Impala Platinum Properties (North West) (Pty) Ltd |
100% |
Subsidiary |
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Impala Platinum Investments (Pty) Ltd |
100% |
Subsidiary |
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Gazelle Platinum Ltd |
60% |
Subsidiary |
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Impala Platinum Properties (Rustenburg) (Pty) Ltd |
100% |
Subsidiary |
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Impala Platinum Properties (Johannesburg) (Pty) Ltd |
100% |
Subsidiary |
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PRINCIPAL INFORMATION
Director / Member
|
Full Name |
ID No. |
Type |
Status |
DOA |
Active Interests |
Previous Interests |
Judgments |
Fraud Listing |
|
Boitumelo Tapnis Koshane |
7810020385089 |
Non-Executive Director |
Active |
06/03/2018 |
3 |
0 |
0 |
0 |
|
Gerhardus Stephanus Potgieter |
6001235073089 |
Non-Executive Director |
Active |
08/11/2012 |
5 |
18 |
0 |
0 |
|
Lesego Lebuso |
7502150329082 |
Non-Executive Director |
Active |
06/03/2018 |
5 |
1 |
0 |
0 |
|
Mark Craig Munroe |
6811245010081 |
Non-Executive Director |
Active |
01/02/2018 |
2 |
11 |
0 |
0 |
|
Naked Ramaphakela |
8612190757082 |
Non-Executive Director |
Active |
06/03/2018 |
24 |
5 |
0 |
0 |
|
Nicolaas Johannes Muller |
6610175254085 |
Director |
Active |
01/02/2018 |
1 |
7 |
0 |
0 |
|
Peter William Davey |
5302265075080 |
Non-Executive Director |
Active |
01/02/2018 |
1 |
0 |
0 |
0 |
|
Velile Nhlapo |
7806305432083 |
Director |
Active |
01/02/2018 |
2 |
8 |
0 |
0 |
|
Zacharias Bernadus Swanepoel |
6105075050089 |
Non-Executive Director |
Active |
01/02/2018 |
0 |
0 |
0 |
0 |
|
Avanthi Parboosing |
7508250223083 |
Director |
Resigned |
01/12/2007 |
2 |
3 |
0 |
0 |
|
Bothata Molotlegi |
7302275542085 |
Director |
Resigned |
24/04/2008 |
11 |
7 |
0 |
0 |
|
Catherine Elizabeth Markus |
5704160049088 |
Director |
Resigned |
03/02/1998 |
13 |
18 |
0 |
0 |
|
Cindy Stella Mogotsi |
7008081486082 |
Non-Executive Director |
Resigned |
01/03/2010 |
9 |
2 |
0 |
0 |
|
Colin Alan Smith |
7410015292083 |
Director |
Resigned |
11/03/2010 |
9 |
5 |
0 |
0 |
|
David Hugh Brown |
6208075059082 |
Director |
Resigned |
17/02/1999 |
10 |
7 |
0 |
0 |
|
Dawn Earp |
6111060127080 |
Director |
Resigned |
30/03/2007 |
19 |
25 |
0 |
0 |
|
Johan Theron |
6902225108084 |
Director |
Resigned |
03/12/2008 |
9 |
4 |
0 |
0 |
|
John Gabriel Smithies |
4501205050100 |
Director |
Resigned |
17/02/1999 |
0 |
0 |
0 |
0 |
|
John Michael Mcmahon |
4609215551189 |
Director |
Resigned |
21/05/1990 |
0 |
0 |
0 |
0 |
|
Jonathan Charles Andrews |
6008085091087 |
Non-Executive Director |
Resigned |
06/06/2008 |
2 |
2 |
0 |
0 |
|
Keith Christopher Rumble |
5406155084084 |
Director |
Resigned |
10/07/2001 |
5 |
9 |
0 |
0 |
|
Khumo Portia Shongwe |
6503220715087 |
Director |
Resigned |
24/04/2008 |
21 |
27 |
0 |
0 |
|
Leslie John Paton |
5203205084085 |
Director |
Resigned |
07/05/2004 |
9 |
10 |
0 |
0 |
|
Mandla Nelson Ndlala |
6803225479089 |
Director |
Resigned |
18/10/2013 |
4 |
1 |
0 |
0 |
|
Mathias Sithole |
6908225747086 |
Non-Executive Director |
Resigned |
06/02/2014 |
6 |
2 |
0 |
0 |
|
Michael Solomon Teke |
6408155713083 |
Director |
Resigned |
13/01/2006 |
0 |
0 |
0 |
0 |
|
Mpueleng Pooe |
5907015719082 |
Director |
Resigned |
24/04/2008 |
7 |
7 |
0 |
0 |
|
Ntokozo Dhlamini |
8502075585080 |
Non-Executive Director |
Resigned |
05/02/2016 |
8 |
2 |
0 |
0 |
|
Obakeng Phetwe |
7712265414089 |
Non-Executive Director |
Resigned |
01/06/2013 |
21 |
3 |
0 |
0 |
|
Paul Anthony Dunne |
6308065797186 |
Director |
Resigned |
01/03/2010 |
9 |
7 |
0 |
0 |
|
Paul David Finney |
6708125704181 |
Non-Executive Director |
Resigned |
28/11/2005 |
3 |
3 |
0 |
0 |
|
Peter uowar Joubert |
3306255031005 |
Director |
Resigned |
18/11/1997 |
7 |
22 |
0 |
0 |
|
Pierre Eugene Lourens |
5411025153085 |
Director |
Resigned |
24/04/2008 |
2 |
1 |
0 |
0 |
|
Ramunlal Mahadevey |
5707055159086 |
Director |
Resigned |
01/05/2004 |
14 |
7 |
0 |
0 |
|
Shadwick Bessit |
6208215195085 |
Director |
Resigned |
28/11/2005 |
9 |
6 |
0 |
0 |
|
Siza Zabalazile Majola |
8004080367083 |
Non-Executive Director |
Resigned |
06/02/2014 |
14 |
10 |
0 |
0 |
|
Stefanie Vivier |
6805310152083 |
Non-Executive Director |
Resigned |
04/02/2013 |
1 |
5 |
0 |
0 |
|
Stephen Victor Kearney |
5902085249102 |
Director |
Resigned |
08/10/1992 |
0 |
0 |
0 |
0 |
ACTIVE BUSINESS INTERESTS: Boitumelo Tapnis Koshane
|
Company Name |
Registration No. |
Business Status |
Principal Status |
Principal Type |
Judgments |
|
Cross Point Trading 67 |
2006/037826/07 |
In Business |
Active |
Director |
0 |
|
Jenzoscene |
2014/251003/07 |
AR Deregistration Process |
Active |
Director |
0 |
|
Lusitania Distributors |
2014/244053/07 |
In Business |
Active |
Director |
0 |
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ACTIVE BUSINESS
INTERESTS: Gerhardus Stephanus Potgieter |
|||||
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Company Name |
Registration No. |
Business Status |
Principal Status |
Principal Type |
Judgments |
|
Waterberg Jv Resources |
2014/033764/07 |
In Business |
Active |
Director |
0 |
|
Impala Refining Services |
1968/009670/06 |
In Business |
Active |
Director |
0 |
|
Two Rivers Platinum |
2001/007354/07 |
In Business |
Active |
Director |
0 |
|
Makgomo Chrome |
2008/012259/07 |
In Business |
Active |
Director |
0 |
|
Marula Platinum |
1990/004775/07 |
In Business |
Active |
Non-Executive Director |
0 |
PREVIOUS BUSINESS INTERESTS: Gerhardus Stephanus
Potgieter
|
Company Name |
Registration No. |
Business Status |
Principal Status |
Principal Type |
Judgments |
|
Assmang |
1935/007343/07 |
In Business |
Resigned |
Director |
0 |
|
Highland Gold Mining |
1975/000182/07 |
Dissolved |
Resigned |
Director |
0 |
|
Avgold |
1990/007025/06 |
In Business |
Resigned |
Director |
0 |
|
Transvaal Copper Mining And Exploration Company |
1948/031887/07 |
Voluntary Liquidation |
Resigned |
Director |
0 |
|
Taurus Mining And Prospecting Company |
1968/003070/07 |
In Business |
Resigned |
Director |
0 |
|
Norilsk Nickel Africa |
2004/020841/07 |
In Business |
Resigned |
Director |
0 |
|
Prieska Copper Mines |
1968/003032/06 |
In Business |
Resigned |
Director |
0 |
|
Sheffield Minerals |
1980/001567/07 |
Voluntary Liquidation |
Resigned |
Director |
0 |
|
Kransberg Prospecting And Mining Company |
1979/000660/07 |
Voluntary Liquidation |
Resigned |
Director |
0 |
|
Lavino |
1954/000856/07 |
Dissolved |
Resigned |
Director |
0 |
|
South African Base Minerals |
1926/008904/06 |
Voluntary Liquidation |
Resigned |
Director |
0 |
|
Midvaal Mining Company |
1961/001795/07 |
In Business |
Resigned |
Director |
0 |
|
Modikwa Mining Personnel Services |
2001/006659/07 |
In Business |
Resigned |
Director |
0 |
|
Centenary Prospecting And Mining Company |
1937/010430/07 |
Dissolved |
Resigned |
Director |
0 |
|
Avmin Exploration |
1980/000578/07 |
Dissolved |
Resigned |
Director |
0 |
|
Letaba Copper And Zinc Corporation |
1952/000234/06 |
Voluntary Liquidation |
Resigned |
Director |
0 |
|
Modikwa Platinum Mine |
1956/003246/07 |
In Business |
Resigned |
Director |
0 |
|
Cumulus Mining Prospecting And Development Company |
1969/005886/07 |
Voluntary Liquidation |
Resigned |
Director |
0 |
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ACTIVE BUSINESS INTERESTS:
Leseg jo Lebuso |
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Company Name |
Registration No. |
Business Status |
Principal Status |
Principal Type |
Judgments |
|
Khanya Sizwe Enterprises |
2016/181061/07 |
In Business |
Active |
Director |
0 |
|
Dikwankwetla Investments |
2006/022088/23 |
AR Final deregistration |
Active |
Member |
0 |
|
Tlaleletso Properties |
2006/079354/23 |
AR Final deregistration |
Active |
Member |
0 |
|
Ukhamba Advisory Services |
2006/009832/07 |
Deregistration Final |
Active |
Director |
0 |
|
Khwezi Creative Solutions |
2006/209600/23 |
AR Final deregistration |
Active |
Member |
0 |
|
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ACTIVE BUSINESS INTERESTS: Lesego Lebuso |
|||||
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Company Name |
Registration No. |
Business Status |
Principal Status |
Principal Type |
Judgments |
|
Too Strong Energy |
2014/045501/07 |
In Business |
Resigned |
Director |
0 |
ACTIVE BUSINESS INTERESTS: Mark Craig Munroe
|
Company Name |
Registration No. |
Business Status |
Principal Status |
Principal Type |
Judgments |
|
Skorpion Zinc |
97/146 |
In Business |
Active |
Director |
0 |
|
Thl Zinc Namibia Holdings |
98/227 |
In Business |
Active |
Director |
0 |
|
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PREVIOUS BUSINESS
INTERESTS: Mark Craig Munroe |
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|
Company Name |
Registration No. |
Business Status |
Principal Status |
Principal Type |
Judgments |
|
Messina Platinum Mines |
1968/000958/06 |
In Business |
Resigned |
Director |
0 |
|
Mintails Sa Soweto Cluster |
2003/011659/07 |
In Business |
Resigned |
Director |
0 |
|
Akanani Mining |
1999/009073/07 |
AR Deregistration Process |
Resigned |
Director |
0 |
|
Akanani Mining |
1999/009073/07 |
AR Deregistration Process |
Resigned |
Alternate Director |
0 |
|
Western Platinum |
1963/003589/06 |
In Business |
Resigned |
Director |
1 |
|
Messina |
1950/035912/06 |
In Business |
Resigned |
Director |
0 |
|
Eastern Platinum |
1987/070294/06 |
In Business |
Resigned |
Director |
0 |
|
Black Mountain Mining |
2005/040096/07 |
In Business |
Resigned |
Director |
0 |
|
Blyvooruitzicht Gold Mining Company |
1937/009743/06 |
In Business |
Resigned |
Director |
0 |
|
Doornfontein Gold Mining Company |
1947/024709/06 |
AR
Deregistration Process |
Resigned |
Director |
0 |
|
Western Platinum |
1963/003589/06 |
In Business |
Resigned |
Alternate Director |
1 |
ACTIVE BUSINESS INTERESTS: Nakedi Ramaphakela
|
Company Name |
Registration No. |
Business Status |
Principal Status |
Principal Type |
Judgments |
|
Fraser Alexander |
2005/028043/07 |
In Business |
Active |
Non-Executive Director |
1 |
|
Rbh Services Holdings |
2006/006903/07 |
In Business |
Active |
Director |
0 |
|
Royal Bafokeng Financial Services Group |
2005/006184/07 |
Voluntary Liquidation |
Active |
Director |
0 |
|
Rbh Resources Holdings |
2006/006837/07 |
In Business |
Active |
Director |
0 |
|
Royal Bafokeng Finance |
2004/010279/07 |
Voluntary Liquidation |
Active |
Director |
0 |
|
Emikaway (Rf) |
2013/169220/07 |
In Business |
Active |
Director |
0 |
|
Rich Rewards Trading 213 |
2006/011952/07 |
Voluntary Liquidation |
Active |
Director |
0 |
|
Royal Bafokeng Metix |
2005/034906/07 |
In Business |
Active |
Director |
0 |
|
Royal Bafokeng Holdings |
2006/006906/07 |
In Business |
Active |
Director |
0 |
|
Royal Bafokeng Resources Granite |
2002/013243/07 |
Voluntary Liquidation |
Active |
Director |
0 |
|
Royal Bafokeng Bct |
2005/007933/07 |
In Business |
Active |
Director |
0 |
|
Rbh Industrial Holdings |
2006/006854/07 |
In Business |
Active |
Director |
0 |
|
Morafe Investments |
2004/028535/07 |
Voluntary Liquidation |
Active |
Director |
0 |
|
Royal Bafokeng Management Services |
2002/021932/07 |
In Business |
Active |
Director |
0 |
|
Royal Bafokeng Pasco |
2005/031609/07 |
Dissolved |
Active |
Director |
0 |
|
Rbh Financial Holdings |
2006/006843/07 |
Dissolved |
Active |
Director |
0 |
|
Royal Bafokeng Resources Platinum |
2002/015049/07 |
In Business |
Active |
Director |
0 |
|
Royal Bafokeng Platinum Holdings |
2007/030589/07 |
In Business |
Active |
Director |
0 |
|
Lisinfo 216 Investments |
2008/011137/07 |
Voluntary Liquidation |
Active |
Director |
0 |
|
Salestalk Holdco (Rf) |
2017/037192/07 |
In Business |
Active |
Director |
0 |
|
Royal Bafokeng Mb Technologies Holding Company |
2006/027651/07 |
Voluntary Liquidation |
Active |
Director |
0 |
|
Royal Bafokeng Mogs |
2007/016076/07 |
In Business |
Active |
Director |
0 |
|
Rbh Telecom Holdings |
2006/006958/07 |
In Business |
Active |
Director |
0 |
|
Salestalk 268 |
2006/035553/07 |
In Business |
Active |
Director |
0 |
|
|
|
|
|
|
|
|
ACTIVE BUSINESS INTERESTS: Nakedi Ramaphakela |
|||||
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|
Company Name |
Registration No. |
Business Status |
Principal Status |
Principal Type |
Judgments |
|
Dipalopalo Concession (Rf) |
2013/084903/07 |
In Business |
Resigned |
Director |
0 |
|
Royal Bafokeng Astrapak |
2006/027981/07 |
In Business |
Resigned |
Director |
0 |
|
Lisinfo 222 Investments |
2008/015483/07 |
In Business |
Resigned |
Director |
0 |
|
Celanex |
2014/030675/07 |
In Business |
Resigned |
Director |
0 |
|
Central Lake Trading 342 |
2007/013283/07 |
In Business |
Resigned |
Director |
0 |
|
|
|
|
|
|
|
|
ACTIVE BUSINESS INTERESTS: Nicolaas Johannes Muller |
|||||
|
|
|
|
|
|
|
|
Company Name |
Registration No. |
Business Status |
Principal Status |
Principal Type |
Judgments |
|
Impala Platinum Holdings |
1957/001979/06 |
In Business |
Active |
Director |
0 |
PREVIOUS BUSINESS INTERESTS: Nicolaas Johannes
Muller
|
Company Name |
Registration No. |
Business Status |
Principal Status |
Principal Type |
Judgments |
|
Gfi Joint Venture Holdings |
1998/023354/07 |
In Business |
Resigned |
Director |
0 |
|
Royal Bafokeng Platinum Management Services |
2009/001885/07 |
In Business |
Resigned |
Director |
0 |
|
Bafokeng Rasimone Management Services |
1999/012310/07 |
In Business |
Resigned |
Director |
0 |
|
Royal Bafokeng Resources |
2002/013162/07 |
In Business |
Resigned |
Director |
0 |
|
Royal Bafokeng Platinum |
2008/015696/06 |
In Business |
Resigned |
Director |
0 |
|
Gold Fields Operations |
1959/003209/06 |
In Business |
Resigned |
Director |
0 |
|
Royal Bafokeng |
|
|
|
|
|
|
Resources Properties |
2012/205694/07 |
In Business |
Resigned |
Director |
0 |
|
(Rf) |
|
|
|
|
|
|
|
|
|
|
|
|
|
ACTIVE BUSINESS
INTERESTS: Peter William Davey |
|
|
|
||
|
|
|
|
|
||
|
Company Name |
Registration No. |
Business Status |
Principal Status |
Principal Type |
Judgments |
|
Impala Platinum Holdings |
1957/001979/06 |
In Business |
Active |
Non-Executive Director |
0 |
|
|
|
|
|
|
|
|
ACTIVE BUSINESS
INTERESTS: Velile Nhlapo |
|
|
|
||
|
|
|
|
|
||
|
Company Name |
Registration No. |
Business Status |
Principal Status |
Principal Type |
Judgments |
|
Riverside Park Trading 288 |
2008/002963/07 |
Dissolved |
Active |
Director |
0 |
|
Redpath Mining South Africa |
1994/005893/07 |
In Business |
Active |
Director |
0 |
|
|
|
|
|
|
|
|
PREVIOUS BUSINESS
INTERESTS: Velile Nhlapo |
|
|
|
||
|
|
|
|
|
||
|
Company Name |
Registration No. |
Business Status |
Principal Status |
Principal Type |
Judgments |
|
K2015098001 (South Africa) |
2015/098001/07 |
In Business |
Resigned |
Director |
0 |
|
M-Tech Industrial |
2000/020944/07 |
In Business |
Resigned |
Director |
0 |
|
Mogs |
2007/013528/07 |
In Business |
Resigned |
Director |
0 |
|
Royal Bafokeng Platinum |
2008/015696/06 |
In Business |
Resigned |
Director |
0 |
|
Desert Star Trading 496 |
2007/007867/07 |
In Business |
Resigned |
Director |
0 |
|
Royal Bafokeng Mogs |
2007/016076/07 |
In Business |
Resigned |
Director |
0 |
|
Fraser Alexander Holdings |
2005/028628/07 |
In Business |
Resigned |
Director |
0 |
|
Fraser Alexander |
2005/028043/07 |
In Business |
Resigned |
Director |
1 |
Management
No principals found for this principal type.
Officer
|
Full Name |
ID No. |
Type |
Status |
DOA |
Active Interests |
Previous Interests |
Judgments |
Fraud Listing |
|
Tebogo Titus Llale |
8212075695083 |
Company Secretary |
Active |
25/08/2014 |
4 |
0 |
0 |
0 |
|
Alan Michael Snashall |
6202145035081 |
Company Secretary |
Resigned |
01/07/1997 |
1 |
0 |
0 |
0 |
|
Avathi Parboosing |
7508250223083 |
Company Secretary |
Resigned |
01/12/2007 |
2 |
3 |
0 |
0 |
|
Ramunlal Mahadevey |
5707055159086 |
Company Secretary |
Resigned |
01/05/2004 |
14 |
7 |
0 |
0 |
ACTIVE BUSINESS INTERESTS: Tebogo Titus Llale
|
Company Name |
Registration No. |
Business Status |
Principal Status |
Principal Type |
Judgments |
|
Impala Platinum Holdings |
1957/001979/06 |
In Business |
Active |
Director |
0 |
|
Impala Platinum Holdings |
1957/001979/06 |
In Business |
Active |
Company Secretary |
0 |
|
Tumitebogo Investments |
2018/061525/07 |
In Business |
Active |
Director |
0 |
|
Kotulofela |
2018/061604/07 |
In Business |
Active |
Director |
0 |
Other
No principals found for this principal type
GENERAL COMMENTS
General
Comments
Judgment on other active business interests
BANK ACCOUNT INFORMATION
BANK ACCOUNTS
|
Account Reference Number |
Account Holder |
Account Number |
Bank Name |
Branch Name |
Branch Code |
Verification Status |
|
ABB128238 |
IMPALA PLATINUM LTD |
50613597465 |
First
National Bank (South Africa) |
Corporate
branch |
250655 |
Verified by Bank Code |
|
ABB126793 |
KAPA
BIOSYSTEMS (Pty) Ltd |
Declined. |
First
National Bank (South Africa) |
ADDERLEY STREET |
254005 |
Verified by Bank Code |
|
ABB121629 |
Impala
Platinum Refineries Ltd |
53601810518 |
First
National Bank (South Africa) |
RMB CORPORATE |
0000 |
Verified by Bank Code |
OPERATIONAL ACTIVITIES
|
Operational Activities Status |
The following information was provided |
|
Industry |
Mining |
|
Major Industry SIC Code |
07295 - Mining of platinum group metals |
|
NACE Code |
7,2 - Mining of non-ferrous metal ores |
MAJOR
OPERATION
|
Major Business Activities |
The subject is involved in the mining of platinum and associated group
metals, such as: Palladium Rhodium, Gold, Ruthemium, Copper and Nickel. |
|
Foreign Trade Activities |
International |
|
Agencies Held |
Subject holds no agencies. |
|
Franchises Held |
The subject holds no franchises. |
|
Major Suppliers |
• African Explosives
(Ael) • Sasol Explosives
(Smx) • Scaw Metals • Protea Chemicals • Bgqs Consulting
(Quantity surveyance) • Ncp Chlorchem |
|
Major Customers |
• The Manufacturing
Industry • The Mining Industry |
|
Major Brands |
Subject does not have any brands. |
|
Major Contracts |
Subject does not operate on a contract basis. |
EXPORT
ACTIVITIES
Subject
exports
Exports
To
To the value of
South
America
Asia
Australasia
North
America
Middle
East
Europe
OPERATIONAL FOOTPRINT
Operational
Footprint Status
The
following information was provided
BRANCH
& PREMISES INFORMATION
|
Location |
Description/Type |
Size (m2) |
# of Staff |
Rented or Owned |
Lease Expiry Date |
|
Johannesburg |
Office |
|
45 |
Leased |
N/A |
EMPLOYEES
Permanent
Employees 46,000
GENERAL
COMMENTS
General
Comments
PREMISES: The five main operations for the group are IMPALA, ZIMPLATS,
MARULA, MIMOSA and TWO RIVER. The subject has a mine situated in Rustenburg as
well as refineries in Springs. FLEET: The subject has a large fleet of
vehicles, however, further details were not disclosed. EMPLOYEES: The group
employees
approximately
52,000 employees
FINANCING TERMS
FINANCING TERMS
|
Sales Terms |
• 30 Days • 60 Days |
|
Overdraft Facility |
The Subject has an overdraft facility. |
|
Overdraft Usage |
Seldom |
|
Sureties |
The Principals have not signed sureties. |
|
Debtors Ceded |
Debtors have not been ceded. |
|
Debtors Factored |
Debtors have not been factored. |
|
Bonds |
The Subject has no bonds. |
FINANCIAL FIGURES
FINANCIAL FIGURES
|
Financial Year |
2017 |
2016 |
|
|
Currency |
ZAR |
ZAR |
|
|
Actual numbers, 000' or mio |
Millions ('000,000) |
Millions ('000,000) |
|
|
Source |
Consolidated financial statements_June 2017 |
Consolidated financial statements_June 2016 |
|
|
INCOME STATEMENT |
|
||
|
Turnover/Revenue |
36,841 |
35,932 |
|
|
Cost of Goods Sold |
37,370 |
35,928 |
|
|
Gross Profit |
-529 |
4 |
|
|
Operating Profit |
-10,688 |
-370 |
|
|
Net Profit |
-8,098 |
-43 |
|
|
BALANCE SHEET Fixed Assets |
52,304 |
65,288 |
|
|
Property, Plant & Equipment |
47,798 |
49,722 |
|
|
Current Assets |
21,177 |
19,728 |
|
|
Inventory |
8,307 |
8,202 |
|
|
Account Receivable |
3,736 |
3,605 |
|
|
Cash |
7,839 |
6,788 |
|
|
Total Assets 73,481 |
85,016 |
|
|
|
Current Liabilities |
8,798 |
7,746 |
|
|
Accounts Payable |
6,902 |
6,382 |
|
|
Long Term Liabilities |
15,451 |
18,814 |
|
|
Total Liabilities 24,249 |
26,560 |
|
|
|
Equity |
49,232 |
58,456 |
|
|
Share Capital |
20,000 |
19,547 |
|
|
Retained Earnings |
22,982 |
31,200 |
|
|
Total Equity and Liabilites
73,481
85,016 |
|||
|
FINANCIAL RATIOS Gross Profit Margin |
-1% |
0% |
|
|
Operating Profit Margin |
-29% |
-1% |
|
|
Current Ratio |
2.4 |
2.5 |
|
|
Acid Test Ratio |
1.5 |
1.5 |
|
TRADE REFERENCES
TRADE REFERENCES
|
Trade Reference |
Date |
Trade Score |
Terms Given (Taken) in days |
Monthly Limit Given (Taken) |
Account Opened |
Payment Trend (prev. 3 years) |
Account Insured |
Notes |
||
|
TR180507114 |
07/05/2018 |
Neutral |
30 Days (30 Days) |
5,000,000 (1,592,769) (ZAR) |
2001 |
75% |
83% |
100% |
No |
This is a good account. |
|
TR180507111 |
07/05/2018 |
Neutral |
30 Days (30 Days) |
Open Account (2,500,000) (ZAR) |
1998 |
50% |
|
|
Yes |
This is a good account. |
|
TR180507110 |
07/05/2018 |
Neutral |
30 Days (30 Days) |
Open Account (400,000) (ZAR) |
1993 |
50% |
|
|
No |
This is a good account. |
|
TR180507109 |
07/05/2018 |
Neutral |
30 Days (30 Days) |
7,000,000 (2,500,000) (ZAR) |
2008 |
50% |
|
|
Yes |
This is a good account. |
|
TR171212198 |
12/12/2017 |
N/A |
|
|
|
|
83% |
|
|
Company policy not to provide trade references |
|
TR171212195 |
12/12/2017 |
N/A |
|
|
|
|
|
|
|
Company policy not to provide trade references |
TRADE
REFERENCE ANALYTICS
|
Number of valid Trade References |
19 |
|
Overall Trade Score |
79% |
|
Average Usage of Terms |
100% |
|
Average Monthly Purchase |
2,872,229 ZAR |
|
Average Usage of Credit Limit |
42% |
COURT NOTICES
No judgments on file in the name of the subject
No liquidation applications on file in the name of
the subject
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 67.11 |
|
|
1 |
INR 90.85 |
|
Euro |
1 |
INR 80.12 |
|
ZAR |
1 |
INR 5.34 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
PRI |
|
|
|
|
Report Prepared
by : |
SYL |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.