2 Midlink Financial Services was established in 2002 by Anita Kotze with a view to providing services in the rapidly growing and changing financial and property markets.The business caters for both the individual and all forms of business, from the sole proprietor to the listed company. Due to the rising costs and interest rate increases in particular, Midlink has become an integral service provider, offering friendly, efficient, effective and flexible financial solutions to its clients.
3 At Midlink Financial Services our philosophy is to deliver a consistent high level of service with integrity and honesty without compromising our principals or reputation. Therefore it is important to submit comprehensive complete applications and not to make promises to clients that cannot be kept. All applications and negotiations are guaranteed to be dealt with on a professional, strictly confidential basis.
4 PRODUCT RANGE The following services are being offered and can be The following services are being offered and can besub-categorised as follows:Bridging financeBlacklisted solutions – IndividualsBusiness and project financeCommercial and industrial financeLong term loansRental finance
5 Midlink Financial Services has associations with several companies and is always endeavouring to: Enhance and improve its product rangeExtend and increase its services on offer
6 BRIDGING FINANCEBridging finance is the capability of accessing cash now, earlier than expected or when you need it most based in a definite secured future income. It is short term cash loans or advances for the terms when the income is still subject to incomplete actions like registration of property or payment of invoices and pensions.
7 The advantages of bridging finance are mainly the immediate availability of funds. It can also be used to speed up the future income e.g. Payment of municipal cost to speed up property registrations. It is subject to costs and interest and the future income must prove to be viable, subject to third party payments and show definite ability to pay back the advanced funds.Bridging finance can be split between individuals and businesses
8 Personal Bridging Finance Commission – Estate agentsProfits on property salesPension and provident fund pay-outs – Get your pay-out nowDeceased estates – Advances on inheritance paid
9 Business-related Bridging Finance Debtors Factoring – Early payment on full debtor’sbookSingle Invoice Discounting – Early payment of onedebtorProperty Bridging Finance – Developers looking forbridging finance/cash advances
10 Property-related Bridging Finance 2nd and 3rd – Get your cash flow now, not later on bondregistrationBond originators/Estate agents – Advances of up to 80%on commissionsRates outstanding – Pay from proceeds of sale of propertySellers of properties – 80% of equity on sale of a propertyavailableAdvances on approved development loansProfits on property transactions
11 PROPERTY FINANCE – INDIVIDUALS Bonds can be obtained on all property transactions based on:Approval criteria of the financialinstitution utilisedProperty valueAbility to repay the loan, andProof of incomeHere we have product for firsttime home owners where it ispossible to capitalise the initial costs,subject to additional equity beingavailable in the property.
12 First, second and third bonds on a property Other property finance include bonds in the form of:First, second and third bonds on a propertySwitching from one financial institution to anotherFurther and increased bonds for both individualsand businesses
13 BLACKLISTED FINANCEBlacklisted persons owning or buying a property with additional equity can be financed. We will, by way of an increased bond, help you pay your debt and remove credit bureau listings and re-instate your good creditworthiness.
14 This is subject to: Affordability AffordabilityEquity in the property of at least 30% or 20% deposit (canbe arranged)Settlement of debtMaximum value of R400 000(first time buyers included)
15 BUSINESS AND PROJECT FINANCE Many businesses are growing at a rapid rate and have insufficient cash resources to cope with expansions and growth. At Midlink we have access to sources that can fund these and are prepared to assist with investments in sound business opportunities. Once we know your needs we can source a suitable investor.
16 This finance can take the form of factoring, joint ventures, management assistance and term loans. Businesses that need the support or a technical of financial management nature, or who, due to their circumstances, are unable to provide the required collateral and securities, can be financed under a managed loan programme.
17 Negotiating discounts and terms Businesses are assisted in:Cash flow managementPayment of suppliersNegotiating discounts and termsSubmission of payment certificates etc.
18 This additional support enables the entrepreneur to be relieved of administrative duties in order to concentrate on the core business and managing the processes of the business and projects.Projects such as property developments, new mines and limited technical and scientific projects can be financed. It is important to note that most of these are done on an equity base where the financier keeps a portion of the project with a specific exit strategy.
19 Development buyouts can also be arranged. All business related finance is subject to criteria such as equity value. Property value, cash flow and profitability, sound management skills and integrity of the owners.
20 Commercial and Industrial FinanceBusiness finance can be arranged for the buy-out of and existing business, as well as start-up capital for new businesses.
21 Long Term and Personal Loans RENTAL FINANCEIn the highly competitive marketplace, the latest or additional technology, equipment and machinery are often required to stay ahead of the competition. This can drain cash flow, Midlink offers a rental option where the equipment can be rented for up to 60 months.
22 Advantages of this option include: Cash flow advantagesThe full rental payments are deductable for tax purposesIt does not influence the credit ratingIt is quick and easy to acquire and can be upgraded fromtime to time
23 Furthermore the equipment becomes your property at the end of the rental period. Equipment rented must however be income generating equipment. This includes all types of businesses from office and medical to farming and manufacturing etc.
24 Documentation Needed Bridging Finance – Individual Sales Contract – Deed of SalesCopy of IDBond ApprovalTransfer Attorney contact details
25 Bridging Finance for Businesses (over R1mil)Signed consulting agreement with Midlink Financial Servicesor AgentCompany Profile (2 or 3 pages)Company Registration documents (CMs/CKs)Signed audited financial statements for 2007 and 2008Signed management accounts for un-audited period to dateBusiness bank statements for the last 4 months (no internetprintouts)Copy of Id of all members, directors or shareholdersSigned personal statement of assets and liabilities of allmembers, directors or shareholders
26 Personal profiles/CVs of all members, directors or shareholders Copy of signed offer to purchase of property originally acquiredCopy of property title deedIf property is bonded, copy of bond statements for the last 4monthsContact details and person of transferring attorneyCopy of signed offer to purchase with purchaserCopy of purchaser’s final bond approvalContact details and person of purchaser’s bond registrationattorneyAny other information or documentation applicable
27 Factoring Application forms Copy invoices Debtors details Debtors age analysesGeneral InformationFinancial StatementsCK2
28 Property Finance – Individuals Complete application formClear copies of Ids of applicantsOvertime/commission summary where applicableLatest payslip of all applicantsLast 6 months pay slips for commission or overtime workersLast 3 months bank statements (no older than 2 weeks)Last 12 months bond statements/title act/offer to purchaseMarriage certificate and prenuptial agreement whereapplicableLast municipal account (no older than 1 month)List of outstanding debts with last account statements
29 Blacklisted Finance – Individuals Complete application formClear copies of Ids of applicantsOvertime/commission summary where applicableLatest payslip of all applicantsLast 6 months pay slips for commission or overtime workersLast 3 months bank statements (no older than 2 weeks)Last 12 months bond statements/title act/offer to purchaseMarriage certificate and prenuptial agreement whereapplicableLast municipal account (not older than 1 month)List of outstanding debts with last account statementsList of creditors should be settled or proof of payment
30 Business and Project Finance Executive summary of business planProperty details and proof of ownership/purchase offerComprehensive business planCash flow projections and budgets2 year audited financialsSigned statements of assets and liabilities of directorsCopy of title deedsBond statements – latest 4 monthsPersonal profiles and CV’s of directorsProof of guarantee/approved finance where applicableContact details of attorneys transferring on bond registrationSigned purchase offerCopy of purchasers final bond approval
31 Mining Finance Executive summary of business plan Property details and proof of ownership/purchase offerComprehensive business planCash flow projections and budgets2 year audited financialsSigned statements of assets and liabilities of directorsCopy of title deedsBond statements – latest 4 monthsPersonal profiles and CV’s of directorsProof of guarantee/approved finance where applicableContact details of attorneys transferring on bond registrationsSigned purchase offerCopy of purchasers final bond approvalGeological reportMining and plant design
32 Commercial Property Finance Signed consulting agreement with Midlink Financial Services or AgentCompany Profile (2 or 3 pages)Company Registration documents (CMs/CKs)Signed audited financial statements for 2007 and 2008Signed management accounts for un-audited period to dateBusiness bank statements for the last 4 months (no internet printouts)Copy of ID of all members, directors or shareholdersSigned personal statement of assets and liabilities of all members,directors or shareholdersPersonal profiles/CV’s of all members, directors or shareholdersCopy of property offer to purchaseCopy of property title deedIf property is bonded, copy of bond statements for the last 4 monthsCopy of property zoning certificate
33 Copy of services availability confirmations (electricity, water, sewerage etc.)Brief feasibility study of property, including rental incomeand expenses (taxes, levies, water, electricity, maintenance etc.)Rent roll or schedule of tenants copy of lease agreements andsigned audited financial statements for last 2 yearsContact details and person of transferring attorneyCopy of signed offer to purchase with purchaserCopy of purchaser’s final bond approvalContact details and person of purchaser’s bond registrationattorneyAny other information or documentation applicable
34 Long term Loans ID of applicants/Ids of all members or directors Company registration Documents3 Months bank statementsVAT numberFinancial statements/Management statementsList of Equipment (for re-financing)
35 Rental Finance Trade name Company’s registered name VAT number Nature of businessLegal EntityYears in OperationYear in service/ownership of businessWork addressLand line numberClear copy of Ids of all members
36 Full banking detailsYears as member of bankProof of property ownership or rental agreementYears at propertyDetails of owner of propertyMarital status of members/ownerResidential address of members/ownerCC Registration / CIPROFinancial statementsManagement statements
37 PROCESSES FOR ALL APPLICANTS The evaluation process is nearly the same for all finance and entails that the following elements must be proved and is viable:Sufficient security for the investor/finance houseAffordability finance the investorIt must be a sound investment for the investorAll legislative issues must be addressedRegarding business and project finance the investor and businessowner must be able to work as a teamWhere possible the payment must be prompt and direct from thethird party
38 CONSTRUCTION FINANCE AND BUILDING GUARANTEESContractors who need the support of a technical or financial management nature, or who due to their circumstances are unable to provide the required collateral and securities, will be financed under a managed loan programme. These contractors are assisted in cash flow management, payment of materials suppliers, negotiating discounts for contractors, submitting payment certificate etc. This additional support is meant to relieve the contractors so that they can concentrate on managing the progress of their projects without being side tracked with these back office administration.
39 ASSESMENT OF LOANS Upon receipt of an application: The customer Relations Specialist will check if the submitted application and attached documentation comply with the programme’s criteria before forwarding the application to a Programme manager.The programme Manager performs a desktop evaluation, and then forwards the application to a Project Manager of the relevant programme.
40 On condition that all the required documentation has been submitted, and the project is financial and technically viable, it will take at least a minimum of 14 working days to approve or decline an application.If an application is approved, a contractor signs a Service Level Agreement, and the Loan Agreement.
41 Infrastructure Projects, Community Facilities and Commercial Projects 1.1 Criteria: The contractor should have:A contract with a project value of not less than 10 millionA contract with one of the three tiers of government or anyother approved employerSubmit a list of previous completed projectsSubmit a list of Employer referencesSubmit a list of Supplier referencesCredit recordStaffing levels and expertise required to complete the project
42 Company registration certificate Company registration certificateCertified copies of company directors/members SA identitydocumentsCompany VAT registration certificateCompany Tax Clearance certificateHistory of previous projects, employers and supplierreferencesValid CIBD registration certificate
43 1.2 Project Documents: Letter of appointment Letter of appointmentSigned contract between yourself and the employerPriced bill of quantitiesCash FlowContract specifications and conditions
44 2.Affordable Housing and Subsidy or RDP Housing ProjectsCriteria: The contractor should have:A contract to deliver not less than 100 subsidy houses or sitesA contract that is financially and technically viable in termsof the financing criteria for this programme
45 Approval of an application is subject to submission of the following documentation: Company Documents:Company registration certificateCertified copies of company directors/members SAIdentity documentsBank account detailsCompany VAT registration certificateCompany Tax clearance certificate
46 Project Documentation: Letter of appointmentSigned contract between yourself and the employerCash flow forecast/cost breakdown per houseApproved engineering designed foundation (if applicable)Professional Indemnity cover for engineerSigned Land Availability Agreement (if applicable)House PlansContract specifications and conditionsGeo-technical subsidy approval (if applicable)Township registration and Surveyor General planNHBRC project enrolment (if applicable)
47 ASSOCIATED COMPANIES AND OTHER PRODUCTS TUNICA TRADING 65 PTY LTDTunica specialises in the transport industry where its main focus is on liaising between transport contractors and product suppliers in mutual beneficial transactions. It also assists contract holders that cannot source the required logistics and enable the contract holder in fulfilling their contracts.TUNICA TRADING
48 Tunica provides an open and honest service to the logistics industry of Southern Africa and operates beyond the borders of the country.Tunica also trades in the commodity field and specialises in mining commodities. It is able to source and sell these at market related prices and combined with the transport and logistics, Tunica is able to make any transaction work.
49 NEW ORDER INVESTMENTS 151 PTY LTD New Order is involved in the development of new products to enhance the services offered to clients and licence holders.New Order is also involved in the buying and selling of commercial properties, businesses and mines. It has the capability to ensure that the presentation, business plan, marketing and price structure is mutually beneficial to the buyer and seller and has access to the required know-how to evaluate and interpret geological reports and valuations.
50 NEW DEVELOPMENT IN PROGRESS New Order Investments is in the process of establishing a development bank in conjunction with overseas investors and sources. The bank will specialise in the financing of developments, mining and commercial transactions, yellow metals and economically viable transactions at extremely competitive interest rates.
51 We are establishing working relations with various overseas investors to broaden the financing opportunities of our clients, aiming to finance transactions that cannot be done through current sources available.We are investigating finance possibilities for vehicles, specialising in the field of declined transactions to help dealers and clients.We are exploring options for the financing of yellow metals and the transport industry as these seem to be extremely difficult in the current financial situation and the risks involved. The SA financial institutions are avoiding the finance of the more expensive movable assets at present
52 COMPANY INFORMATION Registered Name MONLINK Financial Services CC Trading as MIDLINK Financial ServicesRegistration Number 2006/197510/23Telephone053 053 082 Fax053
53 Web Physical Address 79 Halkett Road New Park Kimberley 8301 Branches George CEO Anita Kotze
55 B) Midlink Financial Service will not use the information submitted for any other purpose other than the efficient provision of services or a third party without obtaining the prior written consent for the user, unless required to do so by law.C) Midlink Financial Services will keep all records for a period of one year.
56 D) If information is released with the user’s consent a copy will be kept by us for a period of one year.E) No credit card information is retained or stored.
57 COLLECTION OF ANONYMOUS DATA In order to provide the best possible and lost relevant service, Midlink Financial Services may use standard technology information.