MIRA INFORM REPORT
|
Report Date : |
08.07.2011 |
IDENTIFICATION DETAILS
|
Name : |
OSIRIS HEALTHCARE CC |
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Registered Office : |
Unit 3, City Deep Production Park, 83 Heidelberg Road, City Deep, Johannesburg,
Gauteng |
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Country : |
South Africa |
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Date of Incorporation : |
27.03.2002 |
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Com. Reg. No.: |
2002/024019/23 |
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Legal Form : |
Closed corporation |
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Line of Business : |
Wholesale trade in
pharmaceuticals, toiletries and medical equipment |
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 : |
Unknown |
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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 |
|
Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Assessment:
This is an established business meeting its
obtainable commitment timeously.
There are no judgements recorded on the
subject or principals.
A bank code revealed that the subject is
considered as equal to R250 000 over 30 days in the normal way of
business.
It is suggested dealings be well spread and
secured and the lack of a payment pattern be borne in mind.
Company Information
|
Registered
Name |
OSIRIS HEALTHCARE CC |
|
Trading
as/ Division Name |
PARAMOUNT PHARMACEUTICAL DISTRIBUTORS |
|
Registration
Number |
2002/024019/23 |
|
Registration
Date |
27 March 2002 |
|
Date Commenced
Trading |
27 March 2002 |
|
History of
Business |
The subject was registered to incorporate the trading operations and
assets of another business, which name was unknown to the respondent. |
|
History of
Principals |
The principles took over the subject in 2004. M PATELS is a qualified pharmacist. |
|
Shareholders/Members/Partners
of subject and % holding |
10% M P C PATEL 90% M PATEL |
|
Members
Contribution |
R100 |
|
Age of Company |
9 years |
|
Status |
Active |
|
Operations
Assessment |
The wholesaling
and distribution of schedule 5 drugs such as prescription medication. |
|
Industry/
Customers |
Retail pharmacies |
|
Major Industry
Code / SICC |
61394 – wholesale retail |
|
Definition of
Code |
Wholesale trade in pharmaceuticals, toiletries and medical equipment. |
|
Head Office
Physical Address |
Unit 3 City deep Production Park 83 Heidelberg Road CITY DEEP Johannesburg Gauteng |
|
Head Office
Postal Address |
P O Box 1002 MULBARTON 2059 |
|
Current Tel
Number |
011 623 2170 |
|
Current Fax
Number |
011 623 2172 |
|
Current Email
Address |
Auditors Information
|
Company
Registered Name |
J R HOLLIS & CO |
|
Trading Name |
Profit Plan |
|
Physical Address |
1, 6th Avenue Corner Main Road MELLVILLE Johannesburg |
|
Postal Address |
P O Box 1441 NORTHCLIFF 2115 |
|
Contact Person |
Manfred Getz |
|
Contact Number |
011 482 1828 / 9 |
|
Email |
Manfred@profitplan.co.za |
|
Principals |
2 |
|
Subject Verified
as Client |
Yes |
|
VAT Number |
4410209011 |
|
Tax Number |
1083038842 |
|
BEE Status |
None |
|
Financial Year
End |
February |
|
Years With
Auditors |
3 years |
Previous Auditors
|
Company Name/ Tel |
Time With Previous Auditors |
|
None |
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Tax Information
|
Vat Number |
4820212142 |
|
Status |
Active |
|
Vat
Liable Date |
March 2002 |
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Tax
Number |
9839114148 |
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Tax
Clearance Expire Date |
In process of applying for tax clearance certificate |
|
Financial
Year End |
February |
Black Economic Empowerment
|
Status |
None |
|
Score |
None |
|
Expire Date |
|
|
BEE Certificate
Available |
No |
ISO Status
|
Type of ISO
Grade |
None |
|
ISO Certificate |
No |
|
ISO Certificate
Available |
No |
|
Certified by an
Accredited Agent |
No |
Workman’s
compensation
|
Registered |
The subject is in the process of registering for Workman’s’ compensation. |
|
Compliance
Certified |
No |
Company Structure
|
Branches |
None |
|
Subsidiary
Company |
None |
|
Shareholding |
|
|
Registration
Number |
|
|
Import / Export |
|
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Number of
Employees |
14 total
employees |
|
1.
Salaried
employees |
14 |
|
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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Company Fleet |
1 |
|
Fleet Operations |
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The Fleet is
made up of |
|
|
1.
Cars |
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2.
Light
Delivery Vehicles |
1 Hyundai 1
tonner |
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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 Office
Owned/ Rented |
Leased |
|
Rental Company |
J H I |
|
Lease Agreement |
3 year lease agreement |
|
Lease Expire
Date |
30 July 2011 |
|
Type of Premises |
Warehousing and administration offices |
Trade References
|
Supplier |
Contact |
|
ADCOCK INGRAM (pharmaceutical
division) |
011 635 000 |
|
INTERNATIONAL
HEALTHCARE DISTRIBUTORS (IHD) |
011 458
2222 |
|
JOHNSON &
JOHNSON (consumer
division) |
011 265
1000 |
|
LUNDBECK |
011 699
1600 |
|
MEDPRO CIPLA |
011 699
1600 |
|
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
|
Company |
policy - |
do not |
give |
trade references |
|
Good client |
|
Company |
policy - |
do not |
give |
trade references |
|
Good client |
|
2008 |
R250 000 |
Confidential |
30 days |
Confidential |
30 days |
Good |
|
Company |
policy - |
do not |
give |
trade references |
|
|
Adverse
Information on Subject
|
Judgements |
No information on record |
|
Possible
Judgements |
|
|
Civil Court |
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|
RDs |
|
Judgements
|
Case Number |
No information on record |
|
Amount |
|
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Reason |
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Court Name |
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Judgement Type |
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Judgement Date |
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Plaintiff
(Multiple) |
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Default Data
|
Date |
Details |
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|
No information on record |
Notarial Bonds
|
Date |
Details |
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|
No information on record |
Deeds Information
|
Property Interest |
|||
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Property Type: |
No information 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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Bank Information
|
Bank |
STANDARD BANK |
|
Branch |
Bedfordview |
|
Bank Account
Number |
22593144 |
|
Type of account |
Current |
|
Branch Code |
18305 |
|
Account Name |
Osiris Healthcare CC |
|
Date Opened |
2005-09-28 |
|
Bank Code |
C |
|
Bank Comment |
The subjects bankers consider them equal to normal
business engagements. |
Bank Codes History
|
Date requested |
Bank Code |
Enquiry Amount |
Number of RD’s |
RD amount |
RD Date |
Bank Comments |
|
No information on record |
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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
|
CURRENT ASSETS |
|
|
Stock |
R4 000 000 – R5 000 000 |
|
Debtors |
R5 000 000 |
|
Cash on Hand |
Small – fluctuates |
|
CURRENT
LIABILITIES |
|
|
Creditors |
R4 000 000 – R6 000 000 |
|
LONG TERM
LIABILITIES |
|
|
Mortgage Bonds |
Nil |
|
ANNUAL Turnover |
R35 000 000 – R45 000 000 |
Principals
|
Number of
Principals |
2 |
|
Average Age of
Active Principals |
51 |
Active Principals
Principal 1 of 2
|
Surname |
PATEL |
|
First
Names |
MAYURBHAI, PRAVIN, CHANDRA |
|
Marital
Status |
married |
|
Date
of Birth |
30 October 1967 |
|
Verified
ID Number |
No |
|
Current
Age |
44 |
|
Designation |
Member |
|
Status |
Active |
|
Appointment
Date |
8 December 2008 |
|
Address
(at
time of Appointment) |
Unit no. 1 City Deep Production Park 83 Heidelberg Road CITY DEEP 2049 |
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 |
|
VARNI
INVESTMENTS CC |
2008/144935/23 |
Deregistration
final |
0 |
No |
|
HOMELINE
DISTRIBUTORS CC |
2009/083835/23 |
In
business |
0 |
No |
|
DYNASTEE
PLASTICS CC |
2010/095780/23 |
In
business |
0 |
No |
Previous Business
Interests
|
Average Age of
Previous Business Interests |
None |
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
No information on record |
|
|
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|
Deeds Information
Property Interests of
Principle
|
Property Interest |
|||
|
Title Deed No. |
No information on record |
Erf/Site No. |
|
|
Deeds Office |
|
Physical Address |
|
|
Property Type |
|
Extent / Size |
|
|
Purchase Date |
|
Purchase price |
|
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% Ownership |
|
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
|
Principal 2 of 2
|
Surname |
PATEL |
|
First
Names |
MUKESH |
|
Marital
Status |
married |
|
ID
Number |
5311285185084 |
|
Verified
ID Number |
Yes |
|
Current
Age |
58 |
|
Designation |
Member |
|
Status |
Active |
|
Appointment
Date |
18 August 2005 |
|
Address
(at
time of Appointment) |
Stand 466 SAXONWOLD Southdale 2135 |
Adverse
Information on Principal
Judgement
|
Number of
Judgements |
No information on record |
Debt Review
|
Debt review |
No information on record |
Other
|
Default data |
No other information on record |
Business
Information on Principal
Current Business
Interests
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
BIRAGU PROPERTY INVESTMENTS (PTY) LTD |
1985/005630/07 |
Deregistration
process |
0 |
No |
|
SHAYONA FOUNDATION |
2001/008942/08 |
In business |
0 |
No |
|
PURPLE MOSS 1184 CC |
2005/000479/23 |
Deregistration
final |
0 |
No |
|
RIO RIDGE 1172 CC |
2005/005119/23 |
Deregistration
final |
0 |
No |
|
HEALTH AND HOME PHARMCY CC |
2009/083837/23 |
In business |
0 |
No |
|
MAIN ROAD CENTURION 30128 CC trading as LANCASTER
PHARMACY |
2007/170914/23 |
In business |
0 |
No |
|
MAIN ROAD CENTURION 30128 CC trading as RYNFIELDS
PHARMACY |
2010/155479/23 |
In business |
0 |
No |
|
MAIN ROAD CENTURION 30186 CC trading as LAMBTON
PHARMACY |
2010/155481/23 |
In business |
0 |
No |
Previous Business
Interests
|
Average Age of
Previous Business Interests |
2 |
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
HOMELINE
DISTRIBUTION CC |
2009/083835/23 |
In
business |
0 |
No
|
Deeds Information
Property Interests
of Principle
|
Property Interest |
|||
|
Title Deed No. |
No information on record |
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.44.42 |
|
UK Pound |
1 |
Rs.70.95 |
|
Euro |
1 |
Rs.63.63 |
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.