%20LTD%20-%20147972%2013-Jul-2011_files/image002.jpg){kind=small}
MIRA INFORM REPORT
|
Report Date : |
13.07.2011 |
IDENTIFICATION DETAILS
|
Name : |
PHARMACHEM PHARMACEUTICALS (PTY) LTD |
|
|
|
|
Registered Office : |
365 Soutter Street, Pretoria West, Gauteng |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
31.10.2006 |
|
|
|
|
Com. Reg. No.: |
2006/033994/07 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Distribution of various pharmaceutical 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:
This is an established company that took over
established operations of a former business.
The subject is meeting commitments timeously
and has made payments of up to R2.5 million within 30 days.
A bank code was obtained as a C for
R1 000 000 over 30 days.
The subject is considered equal to
$1 000 000 on a spread basis.
Company Information
|
Registered
Name |
PHARMACHEM PHARMACEUTICALS (PTY) LTD |
|
Trading
as/ Division Name |
None |
|
Previous Name |
None |
|
Date of Name
Change |
None |
|
Registration
Number |
2006/033994/07 |
|
Registration
Date |
2006-10-31 |
|
Date Commenced
Trading |
2006 |
|
History of
Business |
The subject was registered to take over
the operations and assets of a company namely DEMACHEM PHARMACEUTICALS (PTY)
LTD |
|
History of
Principals |
Both principals were involved in the
previous company. |
|
Shareholders of
subject and % holding |
50% B CARRIM 50% I MOHAMED |
|
Authorised Share
Capital |
R1000 divided into R1 shares |
|
Issued Share
Capital |
R1000 |
|
Age of Company |
4 years 9 months |
|
Status |
In Business |
|
Operations
Assessment |
Distribution of
various pharmaceutical products. |
|
Industry/
Customers |
Retailers and Wholesalers
in SA and the neighbouring countries. |
|
Major Industry
Code / SICC |
61394 Wholesale and Retail |
|
Definition of
Code |
Wholesale trade in pharmaceuticals,
toiletries and medical equipment. |
|
Head Office
Physical Address |
365 Soutter Street PRETORIA WEST Gauteng |
|
Head Office
Postal Address |
Pri Bag X12 PRETORIA WEST 0117 |
|
Current Tel
Number Cell number |
012 3277754 |
|
Current Fax
Number |
012 3276235 |
|
Current Email
Address |
liberty@pharmacare .co.za |
|
Web Site Address |
www.pharmacare.co.za |
Auditors Information
|
Company
Registered Name |
A MOOSA AND 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 |
old |
Previous Auditors
|
Company Name/ Tel |
Time With Previous Auditors |
|
None |
|
Tax Information
|
Vat Number |
4890236377 |
|
Status |
Active |
|
Vat Liable Date |
Monthly |
|
Tax Number |
9175331140 |
|
Tax Clearance Expire
Date |
August |
|
Financial Year
End |
August |
Black Economic
Empowerment
|
Status |
Finalising at present |
|
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 |
1 |
|
Branches Names |
Country |
Province |
|
Pharmachem Pharmaceuticals
(Pty) Ltd |
South Africa |
Kwazulu Natal |
|
Subsidiary
Company |
None |
|
Shareholding |
|
|
Registration
Number |
|
|
Import / Export |
|
|
Number of
Employees |
55 |
|
1.
Salaried
employees |
55 |
|
2.
Waged
employees |
|
|
3.
Permanent
employees |
|
|
4.
Casual
employees |
|
|
5.
Contracted
employees |
|
Company Fleet |
4 |
|
Fleet Operations |
|
|
The Fleet is
made up of |
|
|
1.
Cars |
|
|
2.
Light
Delivery Vehicles |
4 |
|
3.
Trailers |
|
|
4.
Busses |
|
|
5.
Trucks |
|
|
6.
Fork
Lifts |
|
|
7.
Other |
|
Head Office
Owned/ Rented |
Rented |
|
Rental Company |
KANAS PROPERTIES (PTY) LTD |
|
Lease Agreement |
Annually |
|
Lease Expire
Date |
2012 |
|
Type of Premises |
Office and Wharehouse |
Branches Owned/
Rented |
Rented |
|
Rental Company |
Unknown |
|
Lease Agreement |
Annually |
|
Lease Expire
Date |
2012 |
|
Type of Premises |
Office |
Trade References
|
Supplier |
Contact |
|
WRAPSA |
012 6530347 Berdeen |
|
EGOLI |
013 7581770 Michael |
|
SIYEZA |
011 8300334 Nicky |
|
R B SHIPPING |
031 5643422 Elaine |
Trade References
|
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
|
2-3 yrs |
None |
R1 000 000 |
30 days |
R500 000- R1 000 000 |
30 days |
Excellent |
|
8 years |
Open |
R2 500 000 |
30 days |
R1 500 000- R2 500 000 |
30 days |
Excellent |
|
NEW |
R500 000 |
R500 000 |
30 days |
Up to R500 000 |
30 days |
Good |
Adverse
Information on Subject
|
Judgements |
None |
|
Possible
Judgements |
None |
|
Civil Court |
None |
|
RDs |
None |
Judgements
|
Case Number |
None |
|
Amount |
|
|
Reason |
|
|
Court Name |
|
|
Judgement Type |
|
|
Judgement Date |
|
|
Plaintiff
(Multiple) |
|
Default Data
|
Date |
Details |
|
None |
|
Notarial Bonds
|
Date |
Details |
|
None |
|
Deeds Information
|
Property Interest |
|||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Property Type: |
None |
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 |
FIRST NATIONAL BANK |
|
Branch |
LAUDIUM |
|
Bank Account
Number |
62256092281 |
|
Type of account |
Current |
|
Branch Code |
252245 |
|
Account Name |
PHARMACHEM PHARMACEUTICALS (PTY) LTD |
|
Date Opened |
11-02-2010 |
|
Bank Code |
C for R1 000 000 |
|
Bank Comment |
The subjects bankers consider them as equal to their normal business
engagements. |
Bank Codes History
|
Date requested |
Bank Code |
Enquiry Amount |
Number of RD’s |
RD amount |
RD Date |
Bank Comments |
|
None |
|
|
|
|
|
|
Previous Bank Accounts
|
Banker |
Branch Code |
Account Holder |
Account number |
Date opened |
Years with bank |
|
None |
|
|
|
|
|
Financial Information
Financial
Estimates
|
CURRENT ASSETS |
|
|
Stock |
R25 000 000- R30 000 000 |
|
Debtors |
R45 000 000- R50 000 000 |
|
Cash on Hand |
|
|
FIXED ASSETS |
|
|
Plant,
Equipment, Vehicles |
R18 000 000 |
|
Property |
No |
|
CURRENT
LIABILITIES |
|
|
Creditors |
R30 000 000 |
|
Loans/ From? |
Bank Loans and vehicle finance – not stated. |
|
LONG TERM
LIABILITIES |
|
|
Morgage Bonds |
|
|
ANNUAL / MONTHLY
Turnover |
R200 000 000 |
|
Previous Year
Turnover |
R180 000 000 |
Principals
|
Number of
Principals |
2 |
|
Average Age of
Active Principals |
44 |
Active Principals
Principal 1 of 2
|
Surname |
CARRIM |
|
First Names |
BASHIR |
|
Marital Status |
|
|
ID Number |
5803075183055 |
|
Verified ID
Number |
Yes |
|
Current Age |
53 |
|
Designation |
Businessman/ Director |
|
Status |
Active |
|
Appointment Date |
2006-10-31 |
|
Address (at time of Appointment) |
267 3rd Street LAUDIUM 0037 |
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 |
|
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 |
|
DERMACHEM
PHARMACEUTICALS CC |
1999/013940/23 |
In
Business |
0 |
Yes |
|
RAMBRANDT PARK
CC |
1999/02834923 |
Deregistration
Final |
0 |
No |
|
BUNKER HILL
INVESTMENTS 471 (PTY) LTD |
2000/022600/07 |
In
Business |
0 |
No |
|
NORTHERN
PHARMACEUTICALS CC |
2001/074056/23 |
In
Business |
0 |
No |
|
DEZZO TRADING
392 (PTY) LTD |
2002/001923/07 |
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 |
2003/03003/23 |
Deregistration
Final |
0 |
No |
|
MAIN STREET
PHARMACEUTICALS CC |
2003/095461/23 |
In
Business |
0 |
No |
|
TUFS PROPERTY
INVESTMENT CC |
2003/104529/23 |
In
Business |
0 |
No |
|
NELESCO 396 |
2005/028487/08 |
In
Business |
0 |
No |
|
SILVER MOON
INVESTMENTS 171 CC |
2005/066725/23 |
Deregistration
Final |
0 |
No |
|
NEVERLAND
PROPERTIES 64 CC |
2006/20612/23 |
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) |
2008/024524/07 |
In
Business |
0 |
No |
|
AFRIKEM HOLDINGS
(PTY) LTD |
2011/010700/07 |
In
Business |
0 |
No |
|
KISMET PHARMACY
CC |
2011/026903/23 |
In
Business |
0 |
No |
|
KISMET PHARMACY |
5803075183055 |
In
Business |
0 |
No |
Previous Business
Interests
|
Average Age of
Previous Business Interests |
6.5 years |
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
EDGE
PHARMACEUTICALS MARKETING 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 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 2
|
Surname |
MOHAMED |
|
First Names |
IMTIAZ |
|
Marital Status |
married |
|
ID Number |
6608235224080 |
|
Verified ID
Number |
Yes |
|
Current Age |
45 |
|
Designation |
Businessman/ Director |
|
Status |
Active |
|
Appointment Date |
2006-10-31 |
|
Address (at time of
Appointment) |
341 Lisching Street ERASMIA 0183 |
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 |
|
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 |
|
DERMACHEM
PHARMACEUTICALS CC |
1999/013940/23 |
In
Business |
0 |
Yes |
|
RAMBRANDT
PARK CC |
1999/02834923 |
Deregistration
Final |
0 |
No |
|
BUNKER
HILL INVESTMENTS 471 (PTY) LTD |
2000/022600/07 |
In
Business |
0 |
No |
|
NORTHERN
PHARMACEUTICALS CC |
2001/074056/23 |
In
Business |
0 |
No |
|
DEZZO
TRADING 392 (PTY) LTD |
2002/001923/07 |
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 |
2003/03003/23 |
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 |
|
NEVERLAND
PROPERTIES 64 CC |
2006/20612/23 |
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) |
2008/024524/07 |
In
Business |
0 |
No |
|
AFRIKEM
HOLDINGS (PTY) LTD |
2011/010700/07 |
In
Business |
0 |
No |
|
DAIRY
MALL PHARMACY INSOLVENTE BOEDEL |
6608235224056 |
In
Business |
0 |
Unknown |
Previous Business
Interests
|
Average Age of
Previous Business Interests |
6.5 years |
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
EDGE
PHARMACEUTICALS MARKETING 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 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.44.69 |
|
UK Pound |
1 |
Rs.70.87 |
|
Euro |
1 |
Rs.62.26 |
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.