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

RARE HOLDINGS LIMITED

Main Activities: Repair and Maintenance - Hardware, and Plumbing and Heating Equipment and Supplies Merchant Wholesalers

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Company Information

Full name
RARE HOLDINGS LIMITED

Headquarters
22 Old Vereeniging Road Kliprivier Midvaal 1871; Midvaal; Gauteng; PO Box 124186
Status: Listed
Legal Form: Other non-liability limited
Operational Status: Operational
Total Employees: 280

Tel: +27 11 906 8000

Company Description

The Rare Group is one of the largest suppliers and installers of pipes and fittings in South Africa. Rare provides cost effective and efficient water conveying systems and solutions and has extensive experience in the design, development and installation of plastic fluid conveyance systems, covering the entire fluid conveyance cycle.

Company Analysis

According to the Consolidated - Audited financial statement for the Year of 2010, total net operating revenues decreased with -34.00%, from ZAR 786,949 thousands to ZAR 519,409 thousands. Operating Results decreased from ZAR 76,827 thousands to ZAR -30,341 thousands. The results of the period reached ZAR -58,071 thousands at the end of the period against ZAR 26,708 thousands last year. Return on equity (Net income/Total equity) went from 15.16% to -49.81%, the Return On Asset (Net income / Total Asset) went from 4.99% to -12.16% and the Net Profit Margin (Net Income/Net Sales) went from 3.39% to -11.18% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 99.80% compared to 230.52% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 1.66 to 1.43 when compared to the previous year.

Key Executives

Mr DE Scheepers Chief Executive Officer
Mr DMJ Ncube Non-Executive Chairman
Mr H Odendaal Non-Executive Director
Mr P Du Plessis Independent Non-Executive Director
Mr PJ Willemse Financial Director & Interim Company Secretary

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Balance Sheet

Total Assets

329,396

495,364

Current Assets

255,546

375,232

Total Liabilities

263,845

378,784

Shareholders Equity

65,551

116,580

Current Liabilities

254,840

262,433

* All the accounts are in ZAR.
Income Statement

Total Operating Revenue

-27,616

-30,341

Operational Profit (Loss)

-27,616

-30,341

* All the accounts are in ZAR.
Ratios
Profitability Ratios

Return on Assets (ROA)

-20.74%

-14.49%

Annualised Return on Assets (ROA)

-20.74%

-14.49%

Return on Equity (ROE)

-102.12%

-59.33%

Return on Capital

-102.12%

-59.33%

Gross Profit Margin

100%

100%

Operating Profit Margin

100%

100%

Efficiency Ratios

Accounts Receivable Turnover

-11.26x

-42.49x

Current asset turnover

-0.11x

-0.08x

Fixed-asset turnover

-0.46x

-0.32x

Asset Turnover

-0.09x

-0.06x

Valuation figures and ratios

Earning Before Interests and Taxes (EBIT)

-53,671

-57,137

EBITDA

-32,033

-16,448

Enterprise value

-44,481

-47,358

Enterprise Value / EBITDA

1.39

2.88

Bookvalue (BV)

59,001

98,641

Net Cash

-244,336

-226,169

Liquidity Ratios

Current Ratio

100.28%

142.98%

Quick ratio

55.02%

81.42%

Doom's day ratio

4.12%

13.82%

Leverage Ratios

Leverage ratio

492.51%

409.53%

Debt to equity

402.5%

324.91%

Debt to total assets

81.72%

79.34%

Debt / Enterprise Value

-593.16%

-799.83%

Trend Ratios

Revenue Trend

91.02%

-35.6%

Operating Income Trend

91.02%

-35.6%