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Broad-Based Black Economic Empowerment

Verification Certificate

 

TOOL CENTRE BENONI (PTY) LTD

 

Certificate No:01/B-BBEE/2013/01678QSE

 

 

Registration no: VAT no:

Head Office, Location:


1963/005699/07

4720102955

Cnr. Lincoln & Burnley Roads, Industrial Sites,

Benoni

 

PO Box 6576, Dunswart,

1508

 

 

Verification standard applied:                          Codes of Good Practice on Black EconomicEmpowerment

Issue of the rating standard applied:              Section 9 of the B-BBEE Act 53 of 2003

Scorecard applied:                                              Qualifying Small Enterprises Scorecard (<R35 Million annual turnover) Financial year rated:                                           2012

 

Element

Element weighting

Score

Ownership

25

-

Management Control

25

-

Employment Equity

25

22.66

Skills Development

25

-

Preferential Procurement

25

14.16

Enterprise Development

25

25

Socio-Economic Development

25

25

Overall Score

100

86.82

 

Broad Based BEE status level                          :              A level TWO contributor to B-BBEE BEE procurement recognition level                :              125%

Black Ownership                                                :              0% Black Women Ownership                                 :              0% Value Adding Supplier (Yes/No)                     :              NO

 

Although the abovementioned is the current level of turnover/income and is closely related to the economic indicators, it may be more or less in future. Consequently, this Certificate does not serve as a guarantee that the income reflected will continue at the same level.

 

Based on our work performed, we have no reason to believe that the B-BBEE status reflected in this Certificate has not been determined in all material respects, in accordance with the Codes of Good Practice on Black Economic Empowerment, gazetted on 9 February 2007 in terms of the Broad-Based Black Economic Empowerment Act of South Africa. Our limited assurance report dated 19 November 2013 is available for inspection at the registered office of TOOL CENTRE BENONI (PTY) LTD together with the accompanying Scorecard and should be referred to for an understanding of our limited assurance engagement and the extent of work performed.

 

This Certificate has been determined on the basis of information provided by management that may not be complete in all respe cts. We do not accept or assume responsibility to anyone, apart from TOOL CENTRE BENONI (PTY) LTD, for our work, for this report, or for the conclusion we have reached.

 

Please note that ED and SED grants were taken into consideration up until 26 February 2013.

 

B-BBEE Approved Registered Auditor full Name:Gerhard Stols

B-BBEE Approved Registered Auditor Registration No:509360B

B-BBEE Approved Registered Auditor


Date of issue: 19/11/2013

Expiring date: 18/11/2014

Period of validity: 12 Months

 

tel: 012 546 7248 | fax: 086 672 5709                                                                                                                                            GP Stols Financial Services

260 Jack Hindon Street | Pretoria North | 0182                                                                                        Registered Firm IRBA Registration No: 903915

PO Box 16949 | Pretoria North | 0116