MIRA INFORM REPORT
|
Report Date : |
18.07.2011 |
IDENTIFICATION DETAILS
|
Name : |
NOVARTIS SOUTH AFRICA (PTY0 LTD |
|
|
|
|
Formerly Known As : |
CIBA-GEIGY (PTY) LTD |
|
|
|
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Registered Office : |
72 – 74 Steel Road, Spartan, Isando, Gauteng |
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|
|
|
Country : |
South Africa |
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Date of Incorporation : |
05.02.1946 |
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Com. Reg. No.: |
1946/020671/07 |
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|
|
|
Legal Form : |
Private Company |
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|
|
|
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 : |
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 |
Assessment:
This is a well established company, which
forms part of an international group.
The subject is meeting its commitments
timeously and suppliers speak highly of the subject.
In view of the standing of the subject it is
considered equal to an amount of US$1 000 000.
The absence of financial data should be borne
in mind.
Company Information
|
Registered
Name |
NOVARTIS SOUTH AFRICA (PTY0 LTD |
||
|
Trading
as/ Division Name |
CONSUMER HEALTH DIVISION ANIMAL HEALTH DIVISION PHARMACEUTICAL DIVISION It was stated that the CIBA VISION division is in the process of being
transferred into an associate company ALCON. |
||
|
Previous Name |
CIBA-GEIGY (PTY) LTD |
||
|
Date of Name
Change |
1997 |
||
|
Registration
Number |
1946/020671/07 |
||
|
Registration
Date |
5 February 1946 |
||
|
Date
Commenced Trading |
1946 |
||
|
History
of Business |
The subject was formed from the merger of
the Swiss company CIBA-GEIGY and SANDOZ in 1996. |
||
|
Shareholders/Members/Partners
of subject and % holding |
100%
NOVARTIS PHARMA AG in Switzerland |
||
|
Age
of Company |
65 years 5 months |
||
|
Status |
Active |
||
|
Operations
Assessment |
The importing
and distribution of pharmaceuticals, animal health products and consumer
products. The subject outsources
the manufacturing of some of its consumer products and animal health products
to 3rd parties. |
||
|
Area of
distribution |
South Africa |
||
|
Export |
None |
||
|
Industry/
Customers |
Clinics,
hospitals, doctors, pharmacies |
||
|
Major Industry Code
/ SICC |
|
||
|
Definition of
Code |
Manufacture of pharmaceuticals, medicinal
chemical & botanical products |
||
|
Head Office
Physical Address |
72 – 74 Steel Road SPARTAN Isando Gauteng |
||
|
Head Office
Postal Address |
P O Box 92 ISANDO 1600 |
||
|
Current Tel
Number Cell number |
011 929 9000 |
||
|
Current Fax
Number |
011 929 2424 |
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|
Current Email
Address |
|||
|
Web Site Address |
www.novartis.co.za |
||
|
Insurance
Brokers |
Alexander Forbs |
Auditors Information
|
Company
Registered Name |
PRICEWATERHOUSECOOPERS INC |
|
Trading Name |
PWC INC |
|
Registration
Number |
1998/012055/21 |
|
Physical Address |
2 Eglin Road SUNNINGHILL 2157 |
|
Postal Address |
Private Bag X36 SUNNINGHILL 2157 |
|
Contact Person |
Sakkie Buys |
|
Contact Number |
011 797 4000 |
|
Email |
|
|
Principals |
246 |
|
Judgements
Against Subject |
None |
|
Judgements
Against Principals |
None |
|
Subject Verified
as Client |
Yes |
|
VAT Number |
4950174682 |
|
Tax Number |
9343032844 |
|
BEE Status |
Level 2 |
|
Financial Year
End |
June |
|
Website |
www.pwc.com |
Previous Auditors
|
Company Name/ Tel |
Time With Previous Auditors |
|
None |
|
Tax Information
|
Vat Number |
4200101402 |
|
Status |
Active |
|
Vat Liable Date |
1946 |
|
Tax Number |
9100157719 |
|
Tax Clearance
Expire Date |
unknown |
|
Financial Year
End |
December |
Black Economic
Empowerment
|
Status |
Yes |
|
Score |
Unknown |
|
Expire Date |
Unknown |
|
BEE Certificate
Available |
No |
ISO Status
|
Type of ISO
Grade |
No |
|
ISO Certificate |
None |
|
ISO Certificate
Available |
No |
|
Certified by an
Accredited Agent |
No |
Workman’s
compensation
|
Registered |
Yes |
|
Compliance
Certified |
Yes |
Company Structure
|
Branches |
Unit 16 M5 Office Park Alexander Park MAITLAND Cape Town Western Cape Suite 103 1st Floor Kent House WESTVILLE Durban Kwazulu Natal 163 Main Road WALMER Port Elizabeth Eastern Cape 7 Brill Street Westdene BLOEMFONTEIN Free State |
|
Subsidiary
Company |
GESA PROPERTIES (PTY) LTD Property owning company |
|
Shareholding |
100% |
|
Registration
Number |
1965/001409/07 |
|
Import / Export |
None |
|
Subsidiary
Company |
SANDOZ PRODUCTS (PTY) LTD dormant |
|
Shareholding |
100% |
|
Registration
Number |
1969/014827/07 |
|
Import / Export |
None |
The group operates in 140 countries.
|
Number of
Employees |
|
|
1.
Salaried
employees |
|
|
2.
Waged
employees |
|
|
3.
Permanent
employees |
220 |
|
4.
Casual
employees |
|
|
5.
Contracted
employees |
25 approx. |
Company Fleet |
7 total |
|
Fleet Operations |
|
|
The Fleet is
made up of |
|
|
1.
Cars |
6 |
|
2.
Light
Delivery Vehicles |
1 |
|
3.
Trailers |
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|
4.
Busses |
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|
5.
Trucks |
|
|
6.
Fork
Lifts |
|
|
7.
Other |
|
Head Office
Owned/ Rented |
Owned |
|
Owned by |
GESA PROPERTIES (PTY) L TD |
|
Value |
R120 000 000 – R150 000 000 |
|
Bond |
Free of bond |
|
Type of premises |
Administration and marketing offices |
Branches Owned/
Rented |
Cape Town – leased Durban – leased Cape Town – leased Bloemfontein - leased |
|
Rental Company |
The branches premises are leased from various landlords |
|
Lease Agreement |
2 – 3 year lease contracts |
|
Lease Expire
Date |
Varies from branch |
|
Type of Premises |
Sales offices |
The warehousing activities are outsourced to 3rd parties.
Trade References
The subject imports finished goods from its parent company in Switzerland.
|
Supplier |
Contact |
|
UTI |
012 673
2000 |
|
DINERS CLUB |
011 358
8406 |
|
RENNIES TRAVEL |
0861 911 6000 |
|
M & L
LABORATORIES |
011 661
7900 |
|
BUDGET RENT-A-CAR |
011 398
0123 |
Trade References
|
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
|
2001 |
70 000 |
5 000 |
30 |
5 000 |
30 |
Very good |
|
5 years |
confidential |
100 000+ |
30 |
100 000+ |
30 EFT |
Very good |
|
August 2010 |
600 000 |
6 000 |
30 |
5 000 |
30 |
Very good |
|
August 2010 |
600 000 |
100 000 |
30 |
50 000 |
30 |
Very good |
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 |
|
|
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) |
|
Default Data
|
Date |
Details |
|
No information on record |
|
Notarial Bonds
|
Date |
Details |
|
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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|
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Bank Information
|
Bank |
STANDARD BANK |
|
Branch |
Isando |
|
Bank Account
Number |
020141629 |
|
Type of account |
Cheque |
|
Branch Code |
012542 |
|
Account Name |
NOVARTIS SOUTH AFRICA (PTY) LTD |
|
Date Opened |
|
|
Bank Code |
We are currently still awaiting a bank code – once received same will
be forwarded. |
|
Bank Comment |
|
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 |
|
No information on record |
|
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|
|
Financial Information
Financial
Estimates
|
CURRENT ASSETS |
Financial data was declined by the Financial Manager of the subject. |
|
Stock |
|
|
Debtors |
|
|
Cash on Hand |
|
|
FIXED ASSETS |
|
|
Plant,
Equipment, Vehicles |
|
|
Property |
|
|
CURRENT
LIABILITIES |
|
|
Creditors |
|
|
Loans/ From? |
|
|
LONG TERM
LIABILITIES |
|
|
Morgage Bonds |
|
|
ANNUAL
/ MONTHLY Turnover |
|
|
Previous Year
Turnover |
|
|
Estimated
Current Year Turnover |
|
Principals
|
Number of
Principals |
5 |
|
Average
Age of Active Principals |
51.8 |
Active Principals
Principal 1 of 5
|
Surname |
VAN DER MERWE |
|
First Names |
FRANCOIS JOHAN |
|
Marital Status |
Unknown |
|
ID Number |
7607055071083 |
|
Verified ID
Number |
Yes |
|
Current Age |
35 |
|
Designation |
Secretaries |
|
Status |
Active |
|
Appointment Date |
15 October 2010 |
|
Address (at time of
Appointment) |
The Nicol Nicol Road BEDFORDVIEW 2007 |
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 |
|
No other business interests on record |
|
|
|
|
Previous Business
Interests
|
Average Age of
Previous Business Interests |
None |
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
No information on record |
|
|
|
|
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 |
|
Principal 2 of 5
|
Surname |
WYSS |
|
First Names |
ANDY |
|
Marital Status |
Unknown |
|
Passport Number |
F0005992 |
|
Verified ID
Number |
No |
|
Current Age |
44 |
|
Designation |
Head, region AMAC |
|
Status |
Active |
|
Appointment Date |
1 |
|
Address (at time of
Appointment) |
Louisrebenweg 10 SH-4104 OBERWIL 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 |
|
No other business interests on record |
|
|
|
|
Previous Business
Interests
|
Average
Age of Previous Business Interests |
None |
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
No information on record |
|
|
|
|
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 |
|
Principal 3 of 5
|
Surname |
BEGER |
|
First Names |
HANS-JUERGEN |
|
Marital Status |
unknown |
|
Date of Birth |
22 January 1950 |
|
Verified ID
Number |
No |
|
Current Age |
61 |
|
Designation |
Chairman of Novartis S.A. |
|
Status |
Active |
|
Appointment Date |
1 May 2005 |
|
Address (at time of Appointment) |
8 Hohl Road CH-4125 Riehen SWITZERLAND 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 |
|
No other business interests on record |
|
|
|
|
Previous Business
Interests
|
Average Age of
Previous Business Interests |
None |
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
No information on record |
|
|
|
|
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 |
|
Principal 4 of 5
|
Surname |
CHEETHAM |
|
First Names |
MALCOLM BARRY |
|
Marital Status |
Unknown |
|
Date of Birth |
21 June 1952 |
|
Verified ID
Number |
No |
|
Current Age |
59 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
1 January 1997 |
|
Address (at time of
Appointment) |
Sommerhaldenweg 3 CH-4410 Liestal SWITZERLAND 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 |
|
No other business interests on record |
|
|
|
|
Previous Business
Interests
|
Average Age of
Previous Business Interests |
None |
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
No information on record |
|
|
|
|
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 |
|
Principal 5 of 5
|
Surname |
DU BOS |
|
First Names |
JEAN-CLAUDE |
|
Marital Status |
Unknown |
|
Date of Birth |
14 February 1951 |
|
Verified ID
Number |
No |
|
Current Age |
60 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
1 February 2004 |
|
Address (at time of
Appointment) |
3 Rue de la Fontaine Saint Louis FRANCE 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 |
|
SANDOZ SOUTH AFRICA (PTY) LTD |
1990/001979/07 |
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 |
|
|
|
|
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.44.53 |
|
UK Pound |
1 |
Rs.71.91 |
|
Euro |
1 |
Rs.62.98 |
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.