Dennadayalen Konar - ILVOF Non-Executive Independent Director

Director

Dr. Dennadayalen Konar is NonExecutive Independent Director of Illovo Sugar Limited. He qualified as a chartered accountant and is a professional director of companies. He was previously executive director of the Independent Development Trust where among other activities he was responsible for the internal audit and investments portfolios. Prior to that he was professor and head of the department of accountancy at the University of Durban Westville. He is a member of the King Committee on Corporationrationrate Governance the Corporationrationrate Governance Forum National Association of Corporationrationrate Directors and the Institute of Directors. He is also chairman of Steinhoff International Holdings Limited Exxaro Resources Limited and Mustek Limited and a nonexecutive director of Alexander Forbes Equity Holdings Proprietary Limited Sappi Limited and Lonmin plc. He chairs or serves on the audit committees of these and other organisations. He was cochairman of the Oversight Panel of the World Bank and past chairman and member of the external audit committee of the International Monetary Fund in Washington. since 1995.
Age 60
Tenure 29 years
Professional MarksPh.D
Phone27 31 508 4300
Webhttp://www.illovosugar.co.za/about-us/zambia
Konar was appointed as a nonexecutive, independent director in 1995 and as chairman of the Audit Committee in 1997. He qualified as a chartered accountant and is a professional director of companies. He was previously executive director of the Independent Development Trust where, amongst other activities, he was responsible for the internal audit and investments portfolios. He is a member of the King Committee on Corporationrationrationrate Governance, the Securities Regulation Panel and the Institute of Directors. He is also chairman of Steinhoff International Holdings Limited, Exxaro Resources Limited and Mustek Limited, and a nonexecutive director of Alexander Forbes Equity Holdings Proprietary Limited, the South African Reserve Bank, J D Group Limited, Sappi Limited and Lonmin plc. He chairs or serves on the audit committees of these and other organisations

ILVOF Management Efficiency

The company has return on total asset (ROA) of 5.79 % which means that it generated a profit of $5.79 on every $100 spent on assets. This is normal as compared to the sector avarege. Similarly, it shows a return on equity (ROE) of 9.31 %, meaning that it generated $9.31 on every $100 dollars invested by stockholders. ILVOF's management efficiency ratios could be used to measure how well ILVOF manages its routine affairs as well as how well it operates its assets and liabilities.
The company has accumulated 358.88 M in total debt with debt to equity ratio (D/E) of 71.8, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. ILVOF has a current ratio of 1.36, which is within standard range for the sector. Debt can assist ILVOF until it has trouble settling it off, either with new capital or with free cash flow. So, ILVOF's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like ILVOF sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for ILVOF to invest in growth at high rates of return. When we think about ILVOF's use of debt, we should always consider it together with cash and equity.

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Illovo Sugar Limited produces and sells sugar and downstream products. Illovo Sugar Limited is a subsidiary of ABF Overseas Limited. Illovo Sugar is traded on OTC Market in USA. ILVOF [ILVOF] is traded as part of a regulated electronic over-the-counter service offered by the NASD.

Management Performance

ILVOF Leadership Team

Elected by the shareholders, the ILVOF's board of directors comprises two types of representatives: ILVOF inside directors who are chosen from within the company, and outside directors, selected externally and held independent of ILVOF. The board's role is to monitor ILVOF's management team and ensure that shareholders' interests are well served. ILVOF's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, ILVOF's outside directors are responsible for providing unbiased perspectives on the board's policies.
Larry Riddle, Commercial Director, Executive Director
Nigel Hawley, Human Resources Executive
Paul Lister, Non-Executive Director
Ami Mpungwe, Non-Executive Independent Director
Carol Molope, Non-Executive Independent Director
MDP MechEng, Operations Director, Executive Director, Member of Executive Committee, Member of Social and Ethics Committee and Member of Risk Management Committee
Dennadayalen Konar, Non-Executive Independent Director
Michael Hankinson, Non-Executive Lead Independent Director
Suresh Kana, Independent Non-Executive Director
Jonathan Cowper, Non-Executive Director
Jennifer Kunst, Company Secretary
Gavin Dalgleish, Managing Director, Executive Director
Trevor Munday, Non-Executive Independent Director
Mark Carr, Non-Executive Director
Mohammed AbdoolSamad, Financial Director, Executive Director
John Hulley, Executive Director
Godfrey Gomwe, Independent Non-Executive Director

ILVOF Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right otc stock is not an easy task. Is ILVOF a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

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Other Consideration for investing in ILVOF OTC Stock

If you are still planning to invest in ILVOF check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the ILVOF's history and understand the potential risks before investing.
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