QUILIBET TRADING :

DUE DILIGENCE: The company claims it does due diligence on the following manners:

Transacting with clients, including Credit and background checks. Preliminary review by Credit and Investment Committee. Site visit to ascertain operations, management and collateral. Contact to be made with, staff, suppliers and other parties involves in transaction. Obtain fair and valuations by approved, independent reputable firms. We adhere to a strict investment structure whereby there is a clear segregation of duties and ring-fencing of investments for the benefit of all our investors.

Quilibet Trading

This is an interesting story of note. The name Quilibet under the registration number 2005/101 614 was a company owned by 3 of the Directors of Ecsponent, namely Eune Engelbrecht and Terence Gregory, Dirk P Van Der Merwe. The company previously named Dalent Auto Glass.

Quilibet Trading (Registration Number 2015/200 863) registered as a Shelf Company on the 10th of June 2015.

Ecsponent Limited acquired a 100% interest Quilibet Trading for a consideration of R5.1 million on the 1st of March 2015. Three months before registering this company they pay the directors R5.1 Million for a “SHELF COMPANY?”

Quilibet is an engineering supply company which supplies the enterprise development and SME parastatal vendors. The acquisition enables Ecsponent to not only provide the hardware supplies to the companies but to provide credit in order to satisfy orders.

Quilibet reported sales amounting to R13.8 million, and a profit after tax of R976 271 for the 10 months ending 31 December 2015.

2017 Quilibet reported a loss of R1 975 495.00, another loss under the name of Ecsponent Procurement Services. There seems to be more creative accounting.

ECSPONENT PROCRUMENT SERVICES: Ecsponent Procurement Services (Registration Number 2015/200 863) Registered on the 12th November 2016, previously Quilibet Trading.

2018 a year that seems to be doing quite well as Ecsponent Procurement Services, after a successful name change makes a profit of R 132 364.00.

2019 A full financial year later they show exceptional growth by showing a profit of R543 861.00

2020 A devastating year for Quilibet Trading as they reflect a loss of R9 297 271.00

2021 A full financial year later they show exceptional growth by showing a profit of R8 484 549.00

The company has spent R5.1 Million in acquiring this shelf company, made a profit of R12 358 821

This seems to be the dark horse we should bet our money on, seems to be an exception to the rule of the business conducted by the company.