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Company data displayed is for sample purposes only and may not reflect the most current information available on Emerging Markets Information Service (EMIS).

MVELAPHANDA RESOURCES LIMITED

Main Activities: Mining, Quarrying, and Oil and Gas Extraction

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Company Information

Full name
MVELAPHANDA RESOURCES LIMITED

Headquarters
Ground Floor,1a Albury Park,Magalieszicht Avenue,Dunkeld West; Johannesburg; Gauteng
Status: Delisted
Legal Form: Other non-liability limited
Operational Status: Operational
ISIN CODE : ZAE000050266
Financial Auditors: PricewaterhouseCoopers (2005)

Tel: +27 11 325 5323

Company Description

Mvela Resources is a broad-based, pan-African empowerment mining investment & exploration company. The Company currently has significant investments in quality South African Assets in the gold, platinum & diamond sectors as well as exploration and development joint ventures in sub-Saharan Africa, with its primary focus on South Africa. To better reflect the nature of the Company's business & future strategy, Mvela Resources moved from the "Platinum" sector of the JSE Ltd to the "other Mineral Extractors
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Company Analysis

According to the Consolidated - Audited financial statement for the Year of 2010, total net operating revenues increased with 56.91%, from ZAR 2,514,294 thousands to ZAR 3,945,083 thousands. Operating result decreased from ZAR 1,603,287 thousands to ZAR 772,159 thousands which means -51.84% change. The results of the period decreased -49.56% reaching ZAR 802,653 thousands at the end of the period against ZAR 1,591,421 thousands last year. Return on equity (Net income/Total equity) went from 12.61% to 6.03%, the Return On Asset (Net income / Total Asset) went from 10.12% to 5.11% and the Net Profit Margin (Net Income/Net Sales) went from 63.29% to 20.35% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 17.90% compared to 69.32% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 1.14 to 2.42 when compared to the previous year.

Key Executives

Mr BR Van Rooyen Deputy Chairman, Company Secretary & Financial Director
Mr CK Chabedi Independent Non-Executive Director
Mr ME Beckett Independent Non-Executive Director
Mr MJ Willcox Non-Executive Director
Mr MSMM Xayiya Non-Executive Director
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Balance Sheet

Total Assets

15,703,495

15,725,666

Current Assets

2,177,443

1,844,808

Total Liabilities

2,383,666

8,745,491

Shareholders Equity

13,319,829

12,616,804

Current Liabilities

898,619

1,621,043

* All the accounts are in ZAR.
Income Statement

Total Operating Revenue

997,532

2,101,963

Operational Profit (Loss)

772,159

1,603,287

Net Profit (Loss)

802,653

1,591,421

* All the accounts are in ZAR.
Ratios
Profitability Ratios

Return on Assets (ROA)

6.25%

8.45%

Annualised Return on Assets (ROA)

6.25%

8.45%

Return on Equity (ROE)

7.37%

10.53%

Return on Capital

7.37%

10.53%

Gross Profit Margin

100%

100%

Operating Profit Margin

100%

100%

Efficiency Ratios

Accounts Receivable Turnover

474.11x

Current asset turnover

0.46x

1.14x

Fixed-asset turnover

0.40x

0.77x

Asset Turnover

0.06x

0.13x

Valuation figures and ratios

Earning Before Interests and Taxes (EBIT)

586,417

1,666,496

EBITDA

972,803

2,087,621

Bookvalue (BV)

13,319,829

6,980,175

Net Cash

345,393

-472,178

Liquidity Ratios

Current Ratio

242.31%

113.8%

Quick ratio

184.28%

84.92%

Doom's day ratio

138.44%

70.87%

Leverage Ratios

Leverage ratio

117.9%

124.64%

Debt to equity

17.9%

69.32%

Debt to total assets

15.18%

55.61%

Long Term Debt to Capital

0.01%

0.01%

Trend Ratios

Revenue Trend

47.46%

879.97%

Net Income Trend

50.44%

858.74%

Operating Income Trend

48.16%

-420.38%