%20LTD%20-%20151485%202%2026-Aug-2011_files/image002.jpg){kind=small}
MIRA INFORM
REPORT
|
Report Date : |
26.08.2011 |
IDENTIFICATION DETAILS
|
Name : |
OMNIMED (PTY) LTD |
|
|
|
|
Formerly Known As : |
REMEDIA MEDICAL (PTY) LTD |
|
|
|
|
Registered Office : |
7 Malibongwedrive, Fontainebleau, Randburg, Gauteng |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
26.08.1965 |
|
|
|
|
Com. Reg. No.: |
1965/007312/07 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Manufacture of pharmaceuticals, medicinal chemical & botanical
products |
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 |
|
|
|
|
Payment
Behaviour : |
No Complaints |
|
|
|
|
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 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Assessment:
Further to our report dated 15 August 2011, please see additional information was obtained and incorporated into the report.
The subject is well established and is meeting its commitments
timeously.
We await a bank code.
Your figure is considered too high in relation to trade references.
It is suggested dealings be secured.
Company Information
|
Registered
Name |
OMNIMED (PTY) LTD |
|
Previous
Name |
REMEDIA MEDICAL (PTY) LTD, the name having been changed on 27 September 1988. STEROPT (PTY) LTD, the name having been changed on 8 October 1980. |
|
Registration
Number |
1965/007312/07 |
|
Registration
Date |
26 August 1965 |
|
History of
Business |
The subject was founded in 1960 as REMEDIA MEDICAL |
|
Shareholders |
50%
REMEDIA INVESTMENTS (PTY) LTD MR B HURWITZ 50%
PULE MEDICAL ENTERPRISES (PTY) LTD MR A PULÉ which is ultimately owned by Messrs HURWITZ and PULÉ. |
|
Authorised Share
Capital |
R20 000 divided into R20 000
ordinary shares of R1 each |
|
Issued Share
Capital |
2009 -
20 000
2010 - 14,800 |
|
Customers |
Provincial
hospitals, private hospitals, clinics and doctors, - Medical Industry |
|
Area of
distribution |
South Africa |
|
Export |
Namibia, Denmark,
Malaysia, Botswana, Italy, Guatemala, Nicaragua |
|
Operations
Assessment |
Distribution, wholesale, retail, import
and export of pharmaceuticals and allied products. |
|
Major Industry
Code / SICC |
33530 MANUFACTURING |
|
Definition of
Code |
Manufacture of pharmaceuticals, medicinal chemical & botanical
products |
|
Head Office
Physical Address |
7 Malibongwe Drive Cnr. Aimee Street Fontainebleau RANDBURG Gauteng |
|
Head Office
Postal Address |
P O Box 2316 RANDBURG 2125 |
|
Current Tel
Number |
011 792 7120 |
|
Current Fax
Number |
011 792 7084 |
|
Current Email
Address |
Auditors Information
|
Company
Registered Name |
J H SMILG & COMPANY |
|
Physical Address |
7th Floor HHS Executive Centre 112 Kerk Street JOHANNESBURG 2000 |
|
Postal Address |
P O Box 9460 JOHANNESBURG 2000 |
|
Contact Number |
011 337 4030 / 41 |
|
Practice number |
905895E |
Tax Information
Please see attached
Tax Clearance Certificate
|
Vat Number |
4490121813 |
|
Status |
Active |
|
Tax Number |
9448517848 |
|
Tax Clearance
Expire Date |
15 December 2010 |
|
Financial Year
End |
December |
|
PAYE
Registration Number |
7620721060 |
|
SDL Registration
Number |
L620721060 |
|
UIF Registration
Number |
U620721060 |
Black Economic
Empowerment
Please see attached the BBB EE Certificate
|
Status |
Yes |
|
Score |
Level 5 |
|
Expire Date |
17 October 2011 |
|
BEE Certificate
Available |
Yes |
ISO Status
|
Type of ISO
Grade |
Not Available |
|
ISO Certificate |
Yes/No |
|
ISO Certificate
Available |
Yes/No |
|
Certified by
anAccredited Agent |
Yes/No |
Workman’s
compensation
|
Registered |
Yes 1008-359-0700 |
|
Compliance
Certified |
Yes |
Company Structure
No other branches – Omnimed is leasing Warehouse space at the following address
123 Tungsten Drive, Strijdom Park, Randburg,
Johannesburg, Gauteng, South Africa
|
Subsidiary
Company |
OMNIMED NAMIBIA (PTY) LTD |
|
Shareholding |
100% |
|
Registration
Number |
|
|
Import / Export |
|
|
Major Operation |
Distributors of OMNIMED and 3rd party products. |
|
Number of
Employees |
56 |
|
1.
Salaried
employees |
0 |
|
2.
Waged
employees |
54 |
|
3.
Permanent
employees |
1 |
|
4.
Casual
employees |
3 |
|
5.
Contracted
employees |
|
Company Fleet |
No of vehicles: |
Owned/ Leased |
Value |
Outstanding
Balance |
|
Fleet Operations |
|
|
|
|
|
The Fleet is
made up of |
3 |
|
|
|
|
1.
Cars |
|
|
|
|
|
2.
Light
Delivery Vehicles |
1 |
|
|
|
|
3.
Trailers |
|
|
|
|
|
4.
Busses |
|
|
|
|
|
5.
Trucks |
1 |
|
|
|
|
6.
Fork
Lifts |
|
|
|
|
|
7.
Other |
1 |
|
|
|
Head OfficeOwned |
Owned |
|
Owner |
OMNIMED (PTY) LTD |
|
Value |
R16 000 000 |
|
Bond |
Nil |
Branches Owned/
Rented |
Not Available |
Trade References
The subject imports 73% of its supplies
USA, Belgium, England, Switzerland, Netherlands, Japan, Philippines,
Malaysia, Colombo, Sri Lanka, India, Australia, UAE, Spain, Canada.
Local references were given as follows:
· Pathteq QPL Logistics (Pty)Ltd - HennieRootman - +27(0)11 314 0048
· UTI South Africa (Pty) Ltd – Vanessa Slater - +27(0)11 524 9400
· Stryker South Africa (Pty) Ltd – Accounts Dept - +27(0)11 791 4644
· Manta Medical a DIV of Myriad Medical (Pty) Ltd – Accounts Dept - +27(0)11 463-6996
· MedproPharmaceutica (Pty) Ltd – Accounts Dept - +27(0)21 914 0529
· Merck (Pty) Ltd – Accounts Dept - +27(0)11 655 6000
|
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
|
1)
Many
years |
None |
R500 000 |
30 days |
R400 000-
R450 000 |
30 days |
Very Good |
|
2) Do |
Not |
Give |
Trade |
References |
|
|
|
3) 5 years |
None |
R800 000 |
30 days |
R500 000-
R800 000 |
30 days |
Very Good |
|
4) Old |
R250 000 |
R70 000 |
60 days |
R10 000-R70
000 |
60 days |
Very Good |
Adverse
Information on Subject
|
Judgements |
None |
|
Possible
Judgements |
None |
|
Civil Court
Records |
None |
|
RDs |
None |
Default Data
|
Date |
Details |
|
None |
|
Notarial Bonds
|
Date |
Details |
|
|
|
Deeds Information
|
Property Interest |
|||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Property Type: |
None on record |
Stand Number: |
|
|
Street Number: |
|
Street Name: |
|
|
Municipal Suburb: |
|
Municipal City: |
|
|
Township Name: |
|
Province: |
|
|
Deeds Office: |
|
Transfer ID: |
|
|
Title Deed Number: |
|
Purchase Date: |
|
|
Transfer Date: |
|
Erf Size: |
|
|
Sold Price: |
|
|
|
Bank Information
|
Bank |
STANDARD BANK |
|
Branch |
Corporate banking, Sandton |
|
Bank Account
Number |
022660003 |
|
Type of Account |
Current account |
|
Branch Code |
019205 |
|
Account Name |
OMNIMED (PTY) LTD |
|
Date Opened |
|
|
Bank Code |
Awaiting a bank code |
|
Bank Comment |
|
Financial Information
Financial Estimates
|
CURRENT ASSETS |
See AFS 2010 attached |
|
Stock |
AFS 2010 |
|
Debtors |
AFS 2010 |
|
Cash on Hand |
AFS 2010 |
|
FIXED ASSETS |
AFS 2010 |
|
Plant, Equipment, Vehicles |
AFS 2010 |
|
Property |
AFS 2010 |
|
CURRENT LIABILITIES |
AFS 2010 |
|
Creditors |
AFS 2010 |
|
Loans/ From? |
AFS 2010 |
|
LONG TERM LIABILITIES |
AFS 2010 |
|
Morgage Bonds |
AFS 2010 |
|
ANNUAL / MONTHLY Turnover |
Monthly Average – R 6,845,607.50 |
|
Previous Year Turnover |
R 67,831,830.00 |
|
Estimated Current Year Turnover |
R 82,147,290.00 |
Principals
|
Number of
Principals |
3 |
|
Average Age of
Active Principals |
36 |
Active Principals
Principal 1 of 3
|
Surname |
PULÉ |
|
First Names |
ADRIEN |
|
ID Number |
3706095277082 |
|
Verified ID
Number |
Yes |
|
Current Age |
74 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
1980-09-26 |
|
Address (at time of
Appointment) |
Portion 15 Farm Boschhoek WINTERSRUS 0000 |
Adverse Information on Principal
Judgement
|
Number of
Judgements |
No information on record |
Debt Review
|
Debt review |
No information on record |
Other
|
Default data |
No information on record |
Business Information on
Principal
Current Business Interests
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
ALMA HERBS CC |
2003/055889/23 |
In business |
0 |
No |
|
OMNIOPTICAL (PTY) LTD |
1994/002026/07 |
Deregistration
process |
0 |
No |
Previous Business
Interests
|
Average Age of Previous
Business Interests |
24 years 5 months |
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
TUBIFLEX MEDICAL SYSTEMS (PTY) LTD |
1990/005294/07 |
Deregistration
final |
0 |
No |
|
OMNIFUSION (PTY) LTD |
1995/003063/07 |
Deregistration
final |
0 |
No |
|
CAPRICORN BIOMEDICAL |
1976/001341/07 |
In business |
0 |
No |
|
LATEX SURGICAL PRODUCTS CAPE (PTY0 LTD |
1981/001819/07 |
Dissolved |
0 |
No |
|
LATEX HOUSE (PTY) LTD |
1983/005052/07 |
In business |
0 |
No |
|
PORT O’CALL SHARE BLOCK LTD |
1985/002519/06 |
In business |
0 |
No |
|
PORT O’CALL SHARE BLOCK (PTY) LTD |
1985/002519/07 |
In business |
0 |
No |
|
LSP PROPERTIES AND PRODUCTS (PTY0 LTD |
1988/006170/07 |
In business |
0 |
No |
|
SANOFI-AVENTIS SOUTH AFRICA (PTY) LTD |
1996/010381/07 |
In business |
0 |
No |
Deeds Information
Property Interests of
Principle
|
Property Interest |
|||
|
Title Deed No. |
56685/2004 |
Erf/Site No. |
|
|
Deeds Office |
Cape Town |
Physical Address |
5 Quarry SIMONS TOWN Western Cape |
|
Property Type |
Freehold / Ervin |
Extent / Size |
580.0 sqm |
|
Purchase Date |
2003-11-04 |
Purchase price |
R1 850 000 |
|
% Ownership |
|
Bond Holder |
Standard Bank of South Africa |
|
Bond Number |
B53162004 |
Bond Amount |
R1 300 000 |
|
Title Deed No. |
535524/2006 |
Erf/Site No. |
|
|
Deeds Office |
Johannesburg |
Physical Address |
3 Rutland Parkwood RANDBURG Gauteng |
|
Property Type |
Freehold / Ervin |
Extent / Size |
1412.0 sqm |
|
Purchase Date |
2006-03-02 |
Purchase price |
R1 950 000 |
|
% Ownership |
|
Bond Holder |
Standard Bank of South Africa |
|
Bond Number |
B523102006 |
Bond Amount |
R1 950 000 |
|
Title Deed No. |
T23102/2005 |
Erf/Site No. |
365 |
|
Deeds Office |
Bloemfontein |
Physical Address |
Deneysville |
|
Property Type |
Freehold / Ervin |
Extent / Size |
722.0 sqm |
|
Purchase Date |
2005-05-20 |
Purchase price |
R525 000 |
|
% Ownership |
|
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
R0.00 |
|
Title Deed No. |
ST16523/2011 |
Erf/Site No. |
365 |
|
Deeds Office |
Pretoria |
Physical Address |
17 North Hyde Park SANDTON Gauteng |
|
Property Type |
Sectional Title / unit |
Extent / Size |
136.0 sqm |
|
Purchase Date |
2010-12-06 |
Purchase price |
R1 910 000 |
|
% Ownership |
|
Bond Holder |
|
|
Bond Number |
SS46-101980 |
Bond Amount |
|
Principal 2 of 3
|
Surname |
AYMES WERTHEIM |
|
First Names |
GISELE |
|
Marital Status |
Married |
|
ID Number |
6505250198084 |
|
Verified ID
Number |
Yes |
|
Current Age |
46 |
|
Designation |
Business Woman / director |
|
Status |
Active |
|
Appointment Date |
2010-07-01 |
|
Address (at time of
Appointment) |
257 Bryanston Drive BRYANSTON 2191 |
Adverse Information on
Principal
Judgement
|
Number of
Judgements |
No information on record |
Debt Review
|
Debt review |
No information on record |
Other
|
Default data |
No information on record |
Business Information
on Principal
Current Business
Interests
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
PULE MEDICAL
ENTERPRISES (PTY) LTD |
1966/006155/07 |
In business |
0 |
No |
|
PHARMA NATURA
(PTY) LTD |
1971/012303/07 |
In business |
0 |
No |
|
MOTRADE 450
(PTY) LTD |
2010/011823/07 |
In business |
0 |
No |
Previous Business
Interests
|
Average Age of
Previous Business Interests |
32 years |
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
AUDIT BUREAU OF CIRCULATIONS OF SOUTH AFRICA |
1947/026033/08 |
In Business |
|
|
|
PICASSO HEADLINE (PTY) LTD |
1959/001754/07 |
In Business |
0 |
No |
|
AVUSA MEDIATAINMENT (PTY) LTD |
1989/001857/07 |
In Business |
0 |
No |
|
MAGAZINE PUBLISHERS ASSOCIATION OF SOUTH AFRICA |
1993/007911/08 |
In Business |
0 |
No |
|
PRINT MEDIA SA |
1996/018251/08 |
In Business |
0 |
No |
Deeds Information
Property Interests
of Principle
|
Property Interest |
|||
|
Title Deed No. |
None on record |
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 |
HURWITZ |
|
First Names |
BARNEY |
|
Marital Status |
|
|
ID Number |
2207065032087 |
|
Verified ID
Number |
Yes |
|
Current Age |
89 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
1980-09-26 |
|
Address (at time of
Appointment) |
46 Komatie Road EMMARENTIA 2195 |
Adverse
Information on Principal
Judgement
|
Number of
Judgements |
No information on record |
Debt Review
|
Debt review |
No information on record |
Other
|
Default data |
No information on record |
Business
Information on Principal
Current Business
Interests
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
GROSVENOR CRESCENT (PTY) LTD |
1934/006043/07 |
In business |
0 |
No |
|
RITZ PLAZA (PTY) LTD |
1954/002576/07 |
In business |
0 |
No |
|
RALKAP PROPERTIES (PTY) LTD |
1967/008941/07 |
In business |
0 |
No |
|
REMEDIA INVESTMENTS (PTY LTD |
1967/008941/07 |
In business |
0 |
No |
|
LATEX HOUSE (PTY) LTD |
1983/005052/07 |
In business |
0 |
No |
|
LSP PROPERTIES AND PRODUCTS (PTY) LTD |
1988/006170/07 |
In business |
0 |
No |
|
OMNIOPTICAL (PTY) LTD |
1994/002026/07 |
Deregistration
process |
0 |
No |
|
BREESTATE (PTY) LTD |
1994/005580/07 |
In business |
0 |
No |
|
DURBANVILLE KLINIEK (PTY) LTD |
1994/009342/07 |
Deregistration
process |
0 |
No |
|
NEWSHELF 89 (PTY) LTD |
1995/011761/07 |
Deregistration
process |
0 |
No |
|
ART MEDICAL PROPERTY (PTY) LTD |
1997/009015/07 |
In business |
0 |
No |
|
TRADEMORE HOUSE INVESTMENTS (PTY) LTD |
1997/011937/07 |
In business |
0 |
No |
|
SA BULK COMMODITY TRADING AND STORAGE SERVICES (PTY) LTD |
2000/003572/07 |
In business |
0 |
No |
|
TREVORS QUALITY KOSHER MEATS (PTY) LTD |
2002/004147/07 |
In business |
0 |
No |
|
JHS EXECUTIVE CENTRE (PTY) LTD |
2003/006460/07 |
In business |
0 |
No |
|
AGRIMEL (PTY) LTD |
2003/030052/07 |
Deregistration process |
0 |
No |
|
CHESTNUT HILL INVESTMENTS 92 (PTY) LTD |
2004/004352/07 |
In business |
0 |
No |
|
PARCHMENT TRADING 14 (PTY) LTD |
2004/022465/07 |
In business |
0 |
No |
|
REDLEX 362 (PTY) LTD |
2005/035145/07 |
In business |
0 |
No |
|
BON-BERRIES (PTY) LTD |
2005/042701/07 |
Deregistration
process |
0 |
No |
|
BEACONSFIELD RESIDENTIAL DEVELOPMENT (PTY) LTD |
2005/044484/07 |
Deregistration
process |
0 |
No |
Previous Business
Interests
|
Average Age of Previous
Business Interests |
20 year 7 months |
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
|
|
|
|
|
|
NETCARE HEALTH SYSTEMS (PTY) LTD |
1967/009438/07 |
In business |
0 |
No |
|
MAGNOLIA PARKERING (PTY) LTD |
1980/003784/07 |
Deregistration
process |
0 |
No |
|
CLINICS-CARDIV PUBLISHING COMPANY (PTY) LTD |
1989/005895/07 |
In business |
0 |
No |
|
LAWFIN FINANCIAL SERVICES (PTY) LTD |
1990/006702/07 |
in business |
0 |
No |
|
NETCARE GAUTENG THREE (PTY) LTD |
1991/006524/07 |
In business |
0 |
No |
|
EGOLI HOSPITAL (PTY) LTD |
1995/012291/07 |
In business |
0 |
No |
|
TRADEMORE (PTY) LTD |
1997/019422/07 |
In business |
0 |
No |
|
HIGHBREE PROPERTY CC |
1999/043664/23 |
In business |
0 |
No |
|
AGRIMOL TRADING (PTY) LTD |
2003/025959/07 |
In business |
0 |
No |
|
FLUXRAB INVESTMENTS NO 122 (PTY) LTD |
2005/002106/07 |
In business |
0 |
No |
|
LATEX SURGICAL PRODUCTS CAPE (PTY) LTD |
1981/001819/07 |
Dissolved |
0 |
No |
|
TUBIFLEX MEDICAL SYSTEMS (PTY) LTD |
1990/005294/07 |
Deregistration
final |
0 |
No |
|
BUDDINGTRADE 35 (PTY) LTD |
1998/018514/07 |
Deregistration
final |
0 |
No |
Deeds Information
Property Interests
of Principle
|
Property Interest |
|||
|
Title Deed No. |
ST2375/2003 |
Erf/Site No. |
|
|
Deeds Office |
Cape Town |
Physical Address |
4 Norfolk Sea Point Cape Town |
|
Property Type |
Sectional Title / unit |
Extent / Size |
104.0 sqm |
|
Purchase Date |
2002-10-08 |
Purchase price |
R480 000 |
|
% Ownership |
|
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.46.13 |
|
UK Pound |
1 |
Rs.75.52 |
|
Euro |
1 |
Rs.66.53 |
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.