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MIRA INFORM REPORT
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Report Date : |
18.08.2011 |
IDENTIFICATION DETAILS
|
Correct Name : |
FESENIUS KABI MANUFACTURING SA (PTY) LTD |
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Formerly Known As : |
BODENE (PTY) LTD |
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Registered Office : |
6 Gibaud Road, Korsten, Port Elizabeth, Eastern Cape |
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Country : |
South Africa |
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Date of Incorporation : |
16.02.2000 |
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Com. Reg. No.: |
1999/021543/21 |
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Legal Form : |
Private Company |
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Line of Business : |
Pharmaceutical Manufacturers |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
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Payment
Behaviour : |
No Complaints |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
South Africa |
a2 |
a2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
Assessment:
This is an established company that deals
internationally.
The subject is meeting commitments timeously
and suppliers speak highly of them.
A bank code revealed that the subject is able
to meet a commitment of
R1 000 000 over 30 days.
It is suggested dealings be spread.
The lack of financials should be borne in
mind.
Company Information
|
Registered
Name |
FESENIUS KABI MANUFACTURING SA (PTY) LTD |
|
Trading
as/ Division Name |
None |
|
Previous Name |
BODENE (PTY) LTD |
|
Date of Name
Change |
2011-04-05 |
|
Registration
Number |
2000/003171/07 |
|
Registration
Date |
2000-02-16 |
|
Date Commenced
Trading |
2000 |
|
History of
Business |
The subject commenced as a new business in 2000. |
|
Shareholders of
subject and % holding |
100% FRESENIUS KABI SOUTH AFRICA (PTY) LTD |
|
Authorised Share
Capital |
Nominal |
|
Issued Share
Capital |
Nominal |
|
Age of Company |
11 years 6 months |
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Status |
In Business |
|
Operations
Assessment |
Pharmaceutical manufacturers |
|
Industry/
Customers |
Mostly to the holding company that then
distributes as well as export. |
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Export |
Middle East, Europe, Australia |
|
Major Industry
Code / SICC |
33530 Manufacturing |
|
Definition of
Code |
Manufacturing of pharmaceuticals,
medicinal chemicals and botanical products. |
|
Head Office
Physical Address |
6 Gibaud Road KORSTEN Port Elizabeth Eastern Cape |
|
Head Office
Postal Address |
P O Box 4394 KORSTEN 6014 |
|
Current Tel
Number |
041 4872865/ 041 4031682 |
|
Current Fax
Number |
041 4536628 |
|
Current Email
Address |
gayro.rahim@fresenius-kabi.com |
|
Web Site Address |
www.fresenius-kabi.co.za |
Auditors Information
|
Company
Registered Name |
KPMG INC |
|
Trading Name |
None |
|
Registration
Number |
1999/021543/21 |
|
Physical Address |
200 Norvic Drive GREENACRES Port Elizabeth |
|
Postal Address |
P O Box 1662 PORT ELIZABETH 6000 |
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Contact Person |
QUINTON LEVY |
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Contact Number |
041 3951509 |
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Principals |
194 principals |
|
Judgements
Against Subject |
None |
|
Subject Verified
as Client |
Yes |
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SAICA number |
04846622 |
|
VAT Number |
4530188665 |
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Tax Number |
9559555843 |
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BEE Status |
AAA |
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Financial Year
End |
August |
|
Years With
Auditors |
Since 2000 |
|
Website |
www.kpmg.co.za |
Previous Auditors
|
Company Name/ Tel |
Time With Previous Auditors |
|
None |
|
Tax Information
|
Vat Number |
4170188280 |
|
Status |
Active |
|
Vat Liable Date |
Monthly |
|
Tax Number |
9551079149 |
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Tax Clearance
Expire Date |
December |
|
Financial Year
End |
December |
Black Economic
Empowerment
|
Status |
Compliant |
|
Score |
Level 7 |
|
Expire Date |
26 October 2011 |
|
BEE Certificate
Available |
Yes/No |
ISO Status
|
Type of ISO
Grade |
None |
|
ISO Certificate |
|
|
ISO Certificate
Available |
|
|
Certified
by anAccredited Agent |
|
Workman’s
compensation
|
Registered |
Yes |
|
Compliance
Certified |
Yes |
Company Structure
|
Branches |
None |
|
Branches Names |
Country |
Province |
|
None |
|
|
|
Subsidiary
Company |
None |
|
Shareholding |
|
|
Registration
Number |
|
|
Import / Export |
|
|
Number of
Employees |
500 |
|
1.
Salaried
employees |
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2.
Waged
employees |
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3.
Permanent
employees |
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4.
Casual
employees |
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5.
Contracted
employees |
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It was stated that
employees have their own vehicles and the subject only has a few company owned
vehicles.
Company Fleet |
No of vehicles: |
Owned/ Leased |
Value |
Outstanding
Balance |
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Fleet Operations |
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The Fleet is
made up of |
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1.
Cars |
1 |
Owned |
Declined |
Declined |
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2.
Light
Delivery Vehicles |
2 |
Owned |
Declined |
Declined |
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3.
Trailers |
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4.
Busses |
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5.
Trucks |
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6.
Fork
Lifts |
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7.
Other |
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Head
OfficeOwned/ Rented |
Owned |
|
Rental Company |
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Owned by |
FRESENIUS KABI SOUTH AFRICA (PTY) LTD |
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Value |
Insured value R134 000 000 |
|
Bond |
Free of bond |
|
Bank |
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|
Lease Agreement |
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Lease Expire
Date |
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Type of Premises |
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Trade References
|
Supplier |
Contact |
|
1)
MERCK |
041 5815445 |
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2)
ENGEN
OIL |
021 6805567 |
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3)
AUTOMA |
011 4526770 |
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4)
BESTELL
ENGINEERING |
041 4536893 |
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5)
PRINTECH |
041 4871840 |
Trade References
|
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
|
2) 10 years |
Declined |
R350 000 |
30 days |
R350 000 |
30 days |
Very Good |
|
4) 2 years |
Open |
R500 000 |
30 days |
R300 000 –
R500 000 |
30 days |
Very Good |
|
5) 10 years |
None |
R300 000 |
30 days |
R300 000 |
30 days |
Excellent |
Adverse
Information on Subject
|
Judgements |
None |
|
Possible
Judgements |
None |
|
Civil Court |
None |
|
RDs |
None |
Default Data
|
Date |
Details |
|
None |
|
Notarial Bonds
|
Date |
Details |
|
None |
|
Deeds Information
|
Property Interest |
|||
|
Title Deed No. |
T90689/2000 |
Erf/Site No. |
|
|
Deeds Office |
CAPE TOWN |
Physical Address |
6 GIBAUD HOLLAND PARK PORT ELIZABETH |
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Property Type |
Freehold/ Ervin |
Extent / Size |
1.1514H |
|
Purchase Date |
2000-03-30 |
Purchase price |
R5.3607E+07 |
|
% Ownership |
0.0000 |
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
R0 |
Bank Information
|
Bank |
Nedbank |
|
Branch |
Eastern Cape Business Centre, PE |
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Bank Account
Number |
1497020123 |
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Type of Account |
Current |
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Account Name |
FRESENIUS KABI MANUFACTURING SA (PTY) LTD |
|
Date Opened |
08-06-2000 |
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Bank Code |
B |
|
Bank Comment |
The subject’s bankers consider them as equal to all business
engagements. |
Bank CodesHistory
|
Date requested |
Bank Code |
Enquiry Amount |
Number of RD’s |
RD amount |
RD Date |
Bank Comments |
|
None |
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Previous Bank
Accounts
|
Banker |
Branch Code |
Account Holder |
Account number |
Date opened |
Years with bank |
|
None |
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Financial Information
Financial Estimates
Financials were not forthcoming from the subject.
Principals
|
Number of
Principals |
3 |
|
Average Age of
Active Principals |
52 |
Active Principals
Principal 1 of 3
|
Surname |
RAHIM |
|
First Names |
GYRONISSA |
|
Marital Status |
Married |
|
ID Number |
5101170104088 |
|
Verified ID
Number |
Yes |
|
Current Age |
60 |
|
Designation |
Company Secretary |
|
Status |
Active |
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Appointment Date |
2007-12-07 |
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Address (at time of
Appointment) |
7 Romneya Crescent Gelvan Park PORT ELIZABETH 6020 |
Adverse
Information on Principal
Judgement
|
Number of
Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Business Information on
Principal
Current Business Interests
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
FRESENIUS KABI
SOUTH AFRICA (PTY) LTD |
1998/006230/07 |
In Business |
0 |
No |
Previous Business
Interests
|
Average Age of
Previous Business Interests |
None |
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
None |
|
|
|
|
Deeds Information
Property Interests of
Principle
|
Property Interest |
|||
|
Title Deed No. |
None |
Erf/Site No. |
|
|
Deeds Office |
|
Physical Address |
|
|
Property Type |
|
Extent / Size |
|
|
Purchase Date |
|
Purchase price |
|
|
% Ownership |
|
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
|
Principal 2 of 3
|
Surname |
NEWSON |
|
First Names |
MICHAEL |
|
Marital Status |
Married |
|
ID Number |
6306015005080 |
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Verified ID
Number |
Yes |
|
Current Age |
48 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2007-12-07 |
|
Address (at time of
Appointment) |
7 Rue Des Canadiens 27110 Ecquetot FRANCE 0000 |
Adverse
Information on Principal
Judgement
|
Number of
Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Business
Information on Principal
Current Business
Interests
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
None |
|
|
|
|
Previous Business
Interests
|
Average Age of
Previous Business Interests |
None |
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
None |
|
|
|
|
Deeds Information
Property Interests
of Principle
|
Property Interest |
|||
|
Title Deed No. |
None |
Erf/Site No. |
|
|
Deeds Office |
|
Physical Address |
|
|
Property Type |
|
Extent / Size |
|
|
Purchase Date |
|
Purchase price |
|
|
% Ownership |
|
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
|
Principal 3 of 3
|
Surname |
ROSSEAU |
|
First Names |
ROLAND EMMANUEL |
|
Marital Status |
Marries |
|
Birth Date |
611209 |
|
Verified ID
Number |
No |
|
Current Age |
50 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2007-06-01 |
|
Address (at time of
Appointment) |
24 Rue Vasco Da Gama 75015 Paris FRANCE 0000 |
Adverse
Information on Principal
Judgement
|
Number of
Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Business
Information on Principal
Current Business
Interests
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
FRESENIUS KABI
SOUTH AFRICA (PTY) LTD |
1998/006230/07 |
In Business |
0 |
No |
Previous Business
Interests
|
Average Age of
Previous Business Interests |
None |
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
None |
|
|
|
|
Deeds Information
Property Interests
of Principle
|
Property Interest |
|||
|
Title Deed No. |
None |
Erf/Site No. |
|
|
Deeds Office |
|
Physical Address |
|
|
Property Type |
|
Extent / Size |
|
|
Purchase Date |
|
Purchase price |
|
|
% Ownership |
|
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.37 |
|
UK Pound |
1 |
Rs.74.56 |
|
Euro |
1 |
Rs.65.34 |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
---- |
NB |
New Business |
---- |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.