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MIRA INFORM REPORT
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Report Date : |
21.07.2011 |
IDENTIFICATION DETAILS
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Name : |
DIVPHARM MANUFACTURING AND PACKAGING (PTY)
LTD |
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Registered Office : |
25 Longdale Loop, Longdale, Johannesburg |
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Country : |
South Africa |
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Date of Incorporation : |
28.02.1997 |
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Com. Reg. No.: |
1997/002955/07 |
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Legal Form : |
Private Company |
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Line of Business : |
Pharmaceutical Industry |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment
Behaviour : |
No Complaints |
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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 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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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 company that works on a contract basis.
Commitments are being paid within terms.
A bank code revealed
We are not in a position to speak to a maximum figure as the purchases
locally are fairly small and in view of the
absence of financial data it is suggested all dealings be secured.
It is suggested that dealings do not exceed a maximum of R50 000
over 30 days secured.
Company Information
|
Registered
Name |
DIVPHARM MANUFACTURING AND PACKAGING (PTY)
LTD |
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Trading
as/ Division Name |
None |
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Previous Name |
None |
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Date of Name
Change |
None |
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Registration
Number |
1997/002955/07 |
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Registration
Date |
1997/02/28 |
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Date Commenced
Trading |
1997 |
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History of
Business |
The business was formerly a CC that had been trading for approximately
5 years before it converted to a PTY LTD company. |
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History of
Principals |
The principals were involved since the beginning of the CC. |
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Shareholders of
subject and % holding |
50% MRS C DE VILLIERS 50% P DE VILLIERS |
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Authorised Share
Capital |
R4000 divided into R1 shares |
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Issued Share
Capital |
R4000 |
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Age of Company |
14 years 5 months |
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Status |
In Business |
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Operations
Assessment |
Contract Packaging |
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Industry/
Customers |
Pharmaceutical Industry |
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Major Industry
Code / SICC |
090 Not Defined |
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Definition of
Code |
Other activity not adequately defined |
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Head Office
Physical Address |
25 Longdale Loop LONGDALE Johannesburg |
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Head Office
Postal Address |
P O Box 490 CRAMERVIEW 2060 |
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Current Tel
Number |
011 732140 |
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Current Fax
Number |
011 4731002 |
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Current Email
Address |
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Web Site Address |
None |
Auditors Information
Contact was made with the Auditor on his cell phone . It was understood that he is in Mozambique at present and could not correspond easily as the phone line was very bad. It was however confirmed that he is the correct auditor for the subject.
|
Contact Person |
Ben Bos |
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Contact Number |
011 9585058/ 082 4444663 |
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Subject Verified
as Client |
Yes |
Previous Auditors
|
Company Name/ Tel |
Time With Previous Auditors |
|
None |
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Tax Information
|
Vat Number |
4610106314 |
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Status |
Active |
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Vat Liable Date |
July |
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Tax Number |
9207003691 |
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Tax Clearance
Expire Date |
Unknown |
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Financial Year
End |
February |
Black Economic
Empowerment
|
Status |
None |
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Score |
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Expire Date |
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BEE Certificate
Available |
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ISO Status
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Type of ISO
Grade |
None |
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ISO Certificate |
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ISO Certificate
Available |
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Certified by an
Accredited Agent |
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Workman’s
compensation
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Registered |
Yes |
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Compliance
Certified |
Yes |
Company Structure
|
Branches |
None |
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Branches Names |
Country |
Province |
|
None |
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Number of
Employees |
120 |
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1.
Salaried
employees |
20 |
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2.
Waged
employees |
100 |
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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 |
3 |
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Fleet Operations |
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The Fleet is
made up of |
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1.
Cars |
2 |
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2.
Light
Delivery Vehicles |
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3.
Trailers |
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4.
Busses |
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5.
Trucks |
1 |
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6.
Fork
Lifts |
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7.
Other |
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Head Office
Owned/ Rented |
Owned |
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Owned by |
Divpharm Properties (Pty) Ltd a group company |
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Bond |
None |
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Type of Premises |
Office and factory. |
Trade References
|
Supplier |
Contact |
|
TRINTEX PLASTICS |
011 7936782 |
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LABPRINT |
011 3123350 |
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CONSULTING
CHEMICAL LABS |
011 3953222 |
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CRODA |
011 3972380 |
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SA WEIGHMORE |
083 2903578 |
Trade References
|
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
|
15-17 years |
Open |
R20 000 |
30 days |
R10 000- R20 000 |
30 days |
Very Good |
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10 years |
Open |
R80 000 |
30 days |
R30 000- R80 000 |
30 days |
Very Good |
|
Old |
Open |
R20 000 |
30 days |
R20 000 |
30 days |
Very Good |
|
Few years |
R100 000 |
R20 000 |
30 daya |
R9 000- R20 000 |
32-34 days |
Good |
Adverse
Information on Subject
|
Judgements |
None |
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Possible Judgements |
None |
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Civil Court |
None |
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RDs |
None |
Default Data
|
Date |
Details |
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None |
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Notarial Bonds
|
Date |
Details |
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None |
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Deeds Information
|
Property Interest |
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Property Type: |
None |
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 |
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Branch |
Industria |
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Bank Account
Number |
202700283 |
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Type of account |
Current |
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Branch Code |
005005 |
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Account Name |
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Date Opened |
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Bank Code |
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Bank Comment |
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Bank Codes History
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Date requested |
Bank Code |
Enquiry Amount |
Number of RD’s |
RD amount |
RD Date |
Bank Comments |
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None |
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Financial Information
Financial
Estimates
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CURRENT ASSETS |
The company declined to assist with any financial information. |
|
Stock |
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Debtors |
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Cash on Hand |
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FIXED ASSETS |
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Plant,
Equipment, Vehicles |
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Property |
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CURRENT
LIABILITIES |
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Creditors |
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Loans/ From? |
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LONG TERM
LIABILITIES |
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Morgage Bonds |
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ANNUAL / MONTHLY
Turnover |
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Previous Year
Turnover |
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Estimated
Current Year Turnover |
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Principals
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Number of
Principals |
2 |
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Average Age of
Active Principals |
60 |
Active Principals
Principal 1 of 2
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Surname |
DE VILLIERS |
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First Names |
CAROL |
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Marital Status |
Married |
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ID Number |
5209200096008 |
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Verified ID
Number |
Yes |
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Current Age |
59 |
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Designation |
Director |
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Status |
Active |
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Appointment Date |
1997-02-28 |
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Address (at time of
Appointment) |
7 Tralee Road BRYANSTON Sandton |
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 |
|
REVE HOTEL
SUPLIES (PTY) LTD |
2005/006897/07 |
In
Business |
0 |
No |
|
CAROL FROST
(PTY) LTD |
2005/007513/07 |
In
Business |
0 |
No |
Previous Business
Interests
|
Average Age of
Previous Business Interests |
None |
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Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
None |
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Deeds Information
Property Interests of
Principle
|
Property Interest |
|||
|
Title Deed No. |
None |
Erf/Site No. |
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Deeds Office |
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Physical Address |
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Property Type |
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Extent / Size |
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Purchase Date |
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Purchase price |
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% Ownership |
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Bond Holder |
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|
Bond Number |
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Bond Amount |
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Principal 2 of 2
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Surname |
DE VILLIERS |
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First Names |
PIERRE |
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Marital Status |
Married |
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ID Number |
5008035093002 |
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Verified ID
Number |
Yes |
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Current Age |
61 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
1997-02-28 |
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Address (at time of
Appointment) |
7 Tralee Road BRYANSTON Sandton |
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 |
|
REVE HOTEL
SUPLIES (PTY) LTD |
2005/006897/07 |
In
Business |
0 |
No |
|
CAROL FROST
(PTY) LTD |
2005/007513/07 |
In
Business |
0 |
No |
|
DIVPHARM
PROPERTIES (PTY) LTD |
1994/010492/07 |
In
Business |
0 |
No |
|
VRIENDE VAN
BACCHUS EIENDOMME CC |
1996/025299/23 |
In
Business |
0 |
No |
Previous Business
Interests
|
Average Age of
Previous Business Interests |
37 tears |
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
WIM DE VILLIERS
BELEGGINGS (PTY) LTD |
1993/013488/07 |
Conversion |
0 |
No |
Deeds Information
Property Interests
of Principle
|
Property Interest |
|||
|
Title Deed No. |
None |
Erf/Site No. |
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Deeds Office |
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Physical Address |
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Property Type |
|
Extent / Size |
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Purchase Date |
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Purchase price |
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% Ownership |
|
Bond Holder |
|
|
Bond Number |
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Bond Amount |
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.46 |
|
UK Pound |
1 |
Rs.71.67 |
|
Euro |
1 |
Rs.62.94 |
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 |
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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.