PROSPECTUS
•••
Prospectus
A Question of Trust
Our Company
About Us
Our Clients
Our Mission
Our Vision
Black Economic Empowerment Policy
Pandae Healthcare Auxiliary Solutions – Company Ownership Structure
Imperial Audited Preliminary Results
Projects Recently Completed
BEE Certificate
Tax Clearance Certificate
WEBSITES:
www.pandae.biz
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A Question of Trust
An ambitious young man once approached a very wise old man and said “Old man, teach me the most important things about business to that I may prosper and grow rich”. So the old man talked to him for more than an hour about all matters under the sun and asked him to come back and see him at the same time the next day. The young man did so, and they proceeded to discuss a wide range of issues, some topical, some personal, some funny, some serious and in no time at all the old man asked him to return the next day to pick up their talks again. The weeks went by in this fashion, with the young man exchanging views, opinions and many intimate details with the old man. But one day he grew impatient and he said “old man, I have been coming to see you for many weeks now and we talk about everything except how I might prosper in business. The old man smiled and said “have you come to know me well?” The young man said “After all our conversations, of course!” “Have you grown to trust me?” “Well, I know so much about you, and you know so much about me ... a bond of trust has grown between us.” “Then” said the old man “you have learnt the most important thing about how to prosper in business.”
The key to all successful working relationships is partnership. It’s the cornerstone of our business, the more you share with us, the prospects as well as the pitfalls, the more we can find the right solution for you.
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Our Company
Pandae Storage Systems has been in existence for the past 22 years and has served the Motor, Manufacturing, Mining and Logistical Industries with distinction over this period – providing workshop and storage solutions in a vast operational area including Motor Dealerships workshop and stores, above and below ground Workshops on mines and a variety of Warehousing big and small, in all industry sectors. Pandae identified a business expansion opportunity in the South African & African Healthcare sector in 2009 and Pandae Auxiliary Healthcare Solutions was formed, providing innovative high tech systems and user-friendly equipment and solutions. Pandae Healthcare is now in a position to offer a consultancy and turnkey proposal, specific to storage-space saving, a comprehensive archiving solution and customised hospital furniture for existing and new hospitals and clinics. A wide product range of Storage Systems and products ranging from Curtain Rail Systems, to Cabinets, to state-of-the-art Healthcare Trolley systems and general hospital furniture has also been developed to support our turnkey solution base.
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About Us
The management of Pandae have a combined total of more than 40 years of experience in our fields of expertise. Our major focus on certain Industries and testimony to this are some of our achievements to date. Preferred supplier to Mercedes Benz South Africa, for their Dealership Network Inventory Project, for Southern Africa. Preferred supplier to Toyota South Africa for the supply of Lexus cabinets and Toyota workshop trolleys to their dealer network. Preferred supplier to Standard Bank SA for the supply of cheque book cabinets. Preferred supplier to South Africa National Defence Force of all artisan and technical staff toolboxes. Approved supplier to the following OEM’s Mercedes Benz South Africa General Motors South Africa Toyota South Africa BMW South Africa Nissan South Africa Premier Automotive Group VW/Audi South Africa Harley Davidson Porsche Hyundai Kia Caterpillar Komatsu Approved Suppliers to the following General Businesses / Dealer Groups Standard Bank of South Africa Combined Motor Holdings Group Sandown Motor Holdings Group McCarthy Motors Imperial Motors Barloworld Motor (Pty) Ltd Unitrans
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Our Clients
Knowing your objectives is our business. By understanding your ambitions we are able to determine your needs and therefore provide you with all the necessary tools to complete the task. We bind ourselves to a code of conduct, whereby mutual confidentiality is guaranteed. We task ourselves with a proactive hands-on approach and therefore consistently strive to improve and add to our range of products and skills, to satisfy the growing demands of our clients. We are therefore fully committed to customer satisfaction in all aspects of our business and endeavour to develop long and mutually rewarding partnerships with all our clients.
... One determined person can make a significant difference, and ... a small group of determined people can change the course of history. Sonia Johnson
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Our Mission
To serve our clients and community with superior products and services that satisfy their requirements and ad value to their businesses at market related costs. We do this in a unique way by providing quality advice and service. We encourage open and frank communication in the promotion of our business. We recognise that the full participation of our employees and clients in all aspect of our business is critical to our success.
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Our Vision
At Pandae we are determined to be an unquestionably superior supplier of Healthcare, Storage and Workshop related products. We strive to provide a quality product and service to the market and community we represent.
Change is the law of life. And those who look only to the past or present are certain to miss the future. John F Kennedy
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Black Economic Empowerment
Pandae Storage Systems recognises Black Economic Empowerment as a business. The ethos of our company is embedded in a tradition of honesty, credibility, fairness, discipline and reward, vital for the long-term prosperity of our business and the South African economy at large. We are therefore committed to a process of progressive transformation, aimed at the involvement of previously disadvantaged people in all aspects of our business, employees, suppliers and customers. We are currently being audited and our new certificate will be available from the end of May 2012.
Pa n d a e H e a l t h c a re A u x i l i a r y S o l u t i o ns C o m p a n y O w n e rsh i p S t r u c t u re
IMPERIA L CA P ITAL LIMITED ww w. imperial.co. za
A S SO CIAT ED MOTOR HO LDINGS ww w. imper ial.co. za
P A NDAE STORAGE ( SA) PTY LTD www.pandae.biz
51% Ryko Trust 49% C2 Comp (Pty) Ltd (Ass ocia ted Motor H oldings)
16
HIGHLIGHTS > HEPS up 38% to 1 370 cps > Operating profit up 38% to R4 526 million > Revenue 21% highter to R64 667 million > Cash flow operating activities up 86% > Net debt/equity ratio of 34% > Full year dividend of 480 cps
2011
2011
2010
2010
2009
2009
2008
2008
2007
2007
0
10
20
30
40
50
60
70
80
Revenue (R billion)
0
2011
2011
2010
2010
2009
2009
2008
2008
2007
2007
0
1 000
300
2 000
3 000
4 000
5 000
0
10
Operating profit (R million)
Total assets (R billion)
Revenue (%)
Operating profit (%) 5
600
900
1 200
1 500
30
40
50
Headline earnings per share (cents)
2011
20
2011 16 25
32 25
11 8
• Logistics • Car rental • Distributorships • Automotive retail • Financial services
5 33
2010 6
40
2010 21
31
31
28 10 5 30
11 27
• Logistics • Car rental • Distributorships • Automotive retail • Financial services
•••
Projects Recently Completed
Pandae Healthcare Customer
Product
R
Contact Name
Contact No
King Edward VIII Hospital KZN
Hospital Trolleys
108 904
Riaan van der Watt
082 823 5503
Base Major Construction
Mobile Shelving – Uppington Hospital
380 568
Paul Bruwer
083 456 6071
Dihlabeng Hospital
Mobile Shelving
56 988
Hugo Greef
058 303 5331
Batlhodi Projects
Drug Cabinets
24 239
Callie Burger
0861 455 455
King Edward VIII Hospital KZN
Hospital Trolleys
179 748
Riaan van der Watt
082 823 5503
RTT Solutions
Clinic Equipment – Mobile Clinics
735 000
Trixie-Belle Nicolle
083 327 6080
RMSI Medical Solutions
Curtain Rails & Curtains – Iraq
26 812
Juanita Niemann
±971 4423 0779
Curtain Rails & Curtains
28 050
Allen Watkins
011 457 9300
Curtain Rails & Curtains – Thubelihle Clinic, Kriel
42 888
Hannes Laubaschagne 013 653 6321
Job Shimankanatabane Hospital Rustenburg LAD Architects
Pandae Motor & Mining Debswana Diamond Company Jwaneng Cut 7
Racking, Shelving & Mezzanine Floor
4 052 097
Thinus Buitendag
082 499 5051
Assmang Khumani Mine
Racking & Shelving
904 663
Charl Esterhuizen
058 723 8017
Assmang Khumani Mine
Core Shed Racking
955 288
Natie Wilemse
058 723 8000
Hyundai PDC Pinetown
Parts Distribution Centre – Racking & Shelving
1 241 000
Scott Hendren
082 410 8222
Hyundae PDC Johannesburg
Parts Distribution Centre – Racking & Shelving
1 386 280
Scott Hendren
082 410 8222
Kia PDC Johannesburg
Parts Distribution Warehouse – Racking & Shelving
2 619 371
Hans Stenger
011 457 0200
Chrysler PDC Warehouse
Parts Distribution Warehouse – Racking & Shelving
10 932 000
Bruce Acton
Mitsubishi PDC Warehouse
Parts Distribution Centre – Racking & Shelving
2 716 871
Manuel da Canha
011 383 7000
Barloworld Pretoria
Dealership – Parts & Workshop
1 402 738
Alda Wasell
012 523 2300
Barloworld Maponya Motors
Dealership – Parts & Workshop
1 123 269
Eugene Cox
082 448 4557
Toyota South Africa
Palletts, Trolleys and Workbenches
6 546 550
Brendan Moore
072 611 6227
BBBEE QSE Verification Certificate Awarded to
Pandae Storage Systems (Pty) Ltd Registration No. : 2004/020298/07 VAT No. : 4840220943 Address : Unit 2 Angus Close, 41 Angus Crescent Longmeadow East Business Estate Edenvale
Level 1 Contributor According to Codes 801 to 807 with the exclusions as allowed. Scorecard Information
Actual Score
Target Score
Analysis
Results
Ownership/Equity
26.66
25+3
Procurement Recognition Level
135%
Management Control
N/A
N/A
Black Ownership
25.18%
Employment Equity
N/A
N/A
Black Woman Owned
8.29%
Skills Development
N/A
N/A
Certificate Number
0563
Preferential Procurement
25
25
Document Reference No.
F021-02
Enterprise Development
25
25
Expiry Date
12 April 2012
Social Economic Development
25
25
Value Adding
No
Level of Compliance
101.66
103
13 April 2011 For Simunye Resources cc
Date of Issue
The rating certificate and the verification report are based on information provided to Simunye Resources and represent’s an independent opinion based on the verification and analysis completed by Simunye Resources. The calculation of the scores has been determined in terms of BROADBASED BLACK ECONOMIC EMPOWERMENT ACT Nr. 53 of 2003. Codes of Good Practice and the Dti Methodology. THIS CERTIFICATE IS FOR A PERIOD OF TWELVE MONTHS AND SHOULD BE READ IN CONJUNCTION WITH THE ENTIRE VERIFICATION REPORT.
Simunye Resources cc Reg No.: 2008/147219/23 VAT No.: 4700218995
Our current certicate is about to expire and we are currently being audited and should have our new certicate at the end of May
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Tax Clearance Certificate