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MIRA INFORM
REPORT
|
Report Date : |
02.12.2011 |
IDENTIFICATION DETAILS
|
Name : |
DEZZO TRADING 392 (PTY) LTD |
|
|
|
|
Registered Office : |
1005 Saxby Avenue, Eldoraine, Centurion, Gauteng |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
30.01.2002 |
|
|
|
|
Com. Reg. No.: |
2002/001923/07 |
|
|
|
|
Legal Form : |
Proprietary Company |
|
|
|
|
Line of Business : |
Manufacturer of Surgical, medical and dental supplies. |
|
|
|
|
No. of Employees : |
15 |
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 : |
Unknown |
|
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 |
Company Information
|
Registered Name |
DEZZO TRADING 392 (PTY) LTD |
|
Trading
as/ Division Name |
INDO PHARMA |
|
Previous Name |
None |
|
Date of Name
Change |
N/A |
|
Registration
Number |
2002/001923/07 |
|
Registration
Date |
2002-01-30 |
|
Date Commenced
Trading |
2002 |
|
History of
Business |
The subject started as a new business in 2002. |
|
Shareholders of
subject and % holding |
50% I MOHAMED 50% B CARRIM |
|
Authorised Share
Capital |
R100 divided into R1 shares |
|
Issued Share
Capital |
R100 |
|
Age of Company |
9 years 5 months |
|
Status |
Active |
|
Industry/
Customers |
Government |
|
SICC |
37412 Manufacturing |
|
Definition |
Manufacture of Surgical, medical and dental supplies. |
|
Operations
Assessment |
Importation and supply of generic medicines
to the S A Government. |
|
Head Office
Physical Address |
Cnr Birch Street and Bluegum Avenue ANCHORVILLE Lenasia |
|
Head Office
Postal Address |
P O Box 725 LAWLEY 1824 |
|
Current Tel
Number |
011 857 2090 |
|
Current Fax
Number |
011 857 2092 |
|
Current Email
Address |
|
|
Website address |
None |
Tax Information
|
Vat Number |
4230198451 |
|
Vat Liable Date |
Monthly |
|
Status |
Active |
|
Tax Number |
9065426141 |
|
Tax Clearance |
Yes |
|
Tax Clearance
Expire Date |
11/11/2011 |
|
Financial Year
End |
February |
Black Economic Empowerment
|
Status |
None |
|
Score |
|
|
Expire Date |
|
|
BEE Certificate
Available |
|
ISO Status
|
Type of ISO
Grade |
None |
|
ISO Certificate |
|
|
ISO Certificate
Available |
|
|
Certified
by an Accredited Agent |
|
Workman’s compensation
|
Registered |
Yes |
|
Compliance
Certified |
Yes |
Company Structure
|
Branches |
0 |
|
Branches Names |
Country |
Province |
|
None |
|
|
|
Subsidiary
Companies |
None |
|
Shareholding |
|
|
Registration
Number |
|
|
Import / Export |
|
|
Number of
Employees |
15 |
|
1.
Salaried
employees |
15 |
|
2.
Waged
employees |
|
|
3.
Permanent
employees |
|
|
4.
Casual
employees |
|
|
5.
Contracted
employees |
|
Company Fleet |
2 |
|
Fleet Operations |
|
|
The Fleet is
made up of |
|
|
1.
Cars |
|
|
2.
Light
Delivery Vehicles |
1 |
|
3.
Trailers |
|
|
4.
Busses |
|
|
5.
Trucks |
1 |
|
6.
Fork
Lifts |
|
|
7.
Other |
|
Head Office
Owned/ Rented |
Rented from an associate business |
|
Rental Company |
Rand Capsules Pty Ltd |
|
Lease Agreement |
Until September 2011 |
|
Lease Expire
Date |
September 2011, after which they are purchasing the premises |
|
Type of Premises |
Offices and warehouse |
Trade
References
The business imports 98% and deals locally with the clearing agents
below.
|
Supplier |
Contact |
|
R B Shipping |
031 564
3422 |
Trade References
|
Age of Acc |
Credit Limit |
Terms |
Average Purchases |
Terms Taken |
Comment |
|
10 months |
R900 000 |
30 days |
R900 000 |
30 days |
Very Good |
Adverse Information on Subject
|
Judgements |
None |
|
Possible
Judgements |
None |
|
Civil Court |
None |
|
RDs |
None |
Default
Data
|
Date |
Details |
|
None |
|
Notarial
Bonds
|
Date |
Details |
|
None |
|
Auditors Information
|
Company
Registered Name |
A MOOSA NAD COMPANY |
|
Trading Name |
ASHRAF MOOSA 5510275135088 |
|
Registration
Number |
Sole Proprietorship |
|
Physical Address |
1005 Saxby Avenue Eldoraine CENTURION Gauteng |
|
Postal Address |
P O Box 14298 LAUDIUM 0037 |
|
Contact Person |
A MOOSA |
|
Contact Number |
012 658 0688 |
|
Email |
amoosanco@gmail.com |
|
Directors/
Members/ Partners |
A MOOSA |
|
Judgements
against subject |
None on record |
|
Subject Verified
as Client |
Yes |
|
SAICA / Proff
number |
00199605 / 09500 |
|
VAT Number |
4880233194 |
|
Tax Number |
None |
|
BEE Status |
No |
|
Website |
No |
|
Financial Year
End |
February |
|
Years With Auditors |
1 year |
Previous
Auditors
|
Company Name/ Tel |
Time With Previous Auditors |
|
ASHWIN DAYA AND
ASSOCIATES |
3 years |
|
MALHERBE LOURENS |
Unknown |
Bank
Information
|
Bank |
ABSA Bank |
|
Branch |
Lenasia |
|
Bank Account Number |
4055544338 |
|
Type of account |
Current |
|
Account Name |
DEZZO TRADING 392 (PTY) LTD |
|
Date Opened |
29-05-2002 |
|
Bank Code |
C |
|
Bank Comment |
The subject has a satisfactory account and no RD’s on record |
The company’s main bank is State Bank of India in Rosebank where they deal on a LC basis with suppliers. It was also reported that they also bank with First National Bank in Pretoria.
Deeds Information
|
Property Interests |
|||
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Property Type: |
None on record |
Stand Number: |
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Street Number: |
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Street Name: |
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Municipal Suburb: |
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Municipal City: |
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Township Name: |
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Province: |
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Deeds Office: |
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Transfer ID: |
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Title Deed Number: |
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Purchase Date: |
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Transfer Date: |
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Erf Size: |
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|
Sold Price: |
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|
|
Financial Information
Financial
Estimates
|
ANNUAL Turnover |
R80 000 000 to R100 000 000 depending on tenders. |
Principals
|
Number of
Principals |
2 |
|
Average Age of
Active Principals |
49 |
Active
Principals
Principal
1 of 2
|
Surname |
MOHAMED |
|
First Names |
IMTIAZ |
|
ID Number |
6608235224080 |
|
Current Age |
45 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2010-03-05 |
|
Address (at time
of Appointment) |
341 Lisching Street ERASMIA 0183 |
|
ID Verification |
Yes |
|
Marital Status |
Married |
Adverse
Information on Principal
Judgement
0 of 0
|
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 |
|
PHARMADYNE
HEALTHCARE (PTY) LTD |
1962/002457/07 |
In Business |
0 |
No |
|
FERUM
INVESTMENTS CC |
1986/004312/23 |
In Business |
0 |
No |
|
MEDICINE
DEVELOPERS INTERNATIONAL CC |
1991/029398/23 |
In Business |
0 |
No |
|
CITY MEDICAL
WHOLESALERS CC |
1996/018125/23 |
In Business |
0 |
No |
|
DERMACHEM PHARMACEUTICALS
CC |
1999/013940/23 |
In Business |
0 |
No |
|
RAMBRANDT PARK
CC |
1999/028349/23 |
Deregistration
Final |
0 |
No |
|
JOHANNESBURG
PHARMACEUTICALS CC |
2001/072166/23 |
In Business |
0 |
No |
|
NORTHERN
PHARMACETICALS CC |
2001/074056/23 |
In Business |
0 |
No |
|
MPUMULANGA
PHARMACEUTICALS CC |
2002/045656/23 |
In Business |
0 |
No |
|
EAST RAND
PHARMACEUTICALS CC |
2002/045659/23 |
In Business |
0 |
No |
|
DURBAN
PHARMACEUTICALS CC |
2002/046083/23 |
In Business |
0 |
No |
|
TRAVOURS SOUTH AFRICA
CC |
2003/030003/23 |
Deregistration
Final |
0 |
No |
|
MARABA
PHARMACEUTICAL CC |
2003/072568/23 |
In Business |
0 |
No |
|
TUFS PROPERTY
INVESTMENT CC |
2003/104529/23 |
In Business |
0 |
No |
|
WHITE WATTLE
INVESTMENTS 15 CC |
2004/052298/23 |
In Business |
0 |
No |
|
SILVER MOON
INVESTMENTS 171 CC |
2005/066725/23 |
Deregistration
Final |
0 |
No |
|
PHARMACHEM
PHARMACEUTICALS (PTY) LTD |
2006/033994/07 |
In Business |
0 |
No |
|
NEVERLAND
PROPERTIES 64 CC |
2006/220612/23 |
In Business |
0 |
No |
|
ISLAM FOR AFRICA |
2007/021211/08 |
In Business |
0 |
No |
|
L Y D PROPERTIES
CC |
2007/205757/23 |
In Business |
0 |
No |
|
S F L SOFTWEAR
(PTY) LTD |
2008/011136/07 |
In Business |
0 |
No |
|
SIYEZA FINE CHEM
(PTY) LTD |
2008/024524/07 |
In Business |
0 |
No |
|
AFRIKEM HOLDINGS
(PTY) LTD |
2011/010700/07 |
In Business |
0 |
No |
|
DAIRY MALL
PHARMACY |
6608235224056 |
Insolvent |
0 |
No |
Previous
Business Interests
|
Average Age of
Previous Business Interests |
6 years |
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
EDGE
PHARMACEUTICALS CC |
2004/068420/23 |
In Business |
0 |
No |
|
TRIPLAN
DEVELOPERS (CAPE) CC |
2005/068834/23 |
In Business |
0 |
No |
Deeds Information
Property
Interests of Principle
|
Property Interests |
|||
|
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 |
|
Personal Information
Principal
2 of 2
|
Surname |
CARRIM |
|
First Names |
BASHIR |
|
ID Number |
5803075183055 |
|
Current Age |
53 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2010-03-05 |
|
Address (at time
of appointment) |
267 3rd Street LAUDIUM 0037 |
|
ID Verification |
Yes |
|
Marital Status |
Married |
Adverse Information on Principal
Judgement
1 of 1
|
Number Of
Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Business Information of Principal
Current Business Interests
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
PHARMADYNE
HEALTHCARE (PTY) LTD |
1962/002457/07 |
In Business |
0 |
No |
|
FERUM
INVESTMENTS CC |
1986/004312/23 |
In Business |
0 |
No |
|
MEDICINE
DEVELOPERS INTERNATIONAL CC |
1991/029398/23 |
In Business |
0 |
No |
|
CITY MEDICAL
WHOLESALERS CC |
1996/018125/23 |
In Business |
0 |
No |
|
DERMACHEM
PHARMACEUTICALS CC |
1999/013940/23 |
In Business |
0 |
No |
|
RAMBRANDT PARK
CC |
1999/028349/23 |
Deregistration
Final |
0 |
No |
|
JOHANNESBURG
PHARMACEUTICALS CC |
2001/072166/23 |
In Business |
0 |
No |
|
NORTHERN
PHARMACETICALS CC |
2001/074056/23 |
In Business |
0 |
No |
|
MPUMULANGA
PHARMACEUTICALS CC |
2002/045656/23 |
In Business |
0 |
No |
|
EAST RAND
PHARMACEUTICALS CC |
2002/045659/23 |
In Business |
0 |
No |
|
DURBAN
PHARMACEUTICALS CC |
2002/046083/23 |
In Business |
0 |
No |
|
TRAVOURS SOUTH
AFRICA CC |
2003/030003/23 |
Deregistration
Final |
0 |
No |
|
BUNKER HILLS
INVESTMENTS 471 (PTY) LTD |
2000/022600/07 |
In Business |
0 |
No |
|
TUFS PROPERTY
INVESTMENT CC |
2003/104529/23 |
In Business |
0 |
No |
|
WHITE WATTLE
INVESTMENTS 15 CC |
2004/052298/23 |
In Business |
0 |
No |
|
SILVER MOON INVESTMENTS
171 CC |
2005/066725/23 |
Deregistration
Final |
0 |
No |
|
PHARMACHEM
PHARMACEUTICALS (PTY) LTD |
2006/033994/07 |
In Business |
0 |
No |
|
NEVERLAND
PROPERTIES 64 CC |
2006/220612/23 |
In Business |
0 |
No |
|
ISLAM FOR AFRICA |
2007/021211/08 |
In Business |
0 |
No |
|
L Y D PROPERTIES
CC |
2007/205757/23 |
In Business |
0 |
No |
|
S F L SOFTWEAR
(PTY) LTD |
2008/011136/07 |
In Business |
0 |
No |
|
SIYEZA FINE CHEM
(PTY) LTD |
2008/024524/07 |
In Business |
0 |
No |
|
AFRIKEM HOLDINGS
(PTY) LTD |
2011/010700/07 |
In Business |
0 |
No |
|
NELESCO 396 |
2005/028487/08 |
In Business |
0 |
No |
Previous Business Interests
|
Average Age of
Previous Business Interests |
6 years |
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
EDGE
PHARMACEUTICALS CC |
2004/068420/23 |
In Business |
0 |
No |
|
TRIPLAN
DEVELOPERS (CAPE) CC |
2005/068834/23 |
In Business |
0 |
No |
Deeds Information
Property Interests of Principal
|
Property Interests |
|||
|
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.51.65 |
|
UK Pound |
1 |
Rs.81.06 |
|
Euro |
1 |
Rs.69.51 |
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.