MIRA INFORM REPORT
|
Report Date : |
28.06.2011 |
IDENTIFICATION DETAILS
|
Name : |
MEDICINE DEVELOPERS INTERNATIONAL CC |
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Registered Office : |
374 Anderson Street, Menlo Park, Pretoria |
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Country : |
South Africa |
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Date of Incorporation : |
01.11.1991 |
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Com. Reg. No.: |
1991/029398/23 |
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Legal Form : |
Closed Corporation |
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Line of Business : |
Importation and supply
of generic medicines to the S A Government |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
Payment
Behaviour : |
Usually Correct |
|
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 business.
The subject is not a
general credit seeker as it provides a service.
There are no adverse
on the subject or principals.
The SA Government is
the subject’s main customer.
We cannot recommend
a maximum credit figure.
Company Information
|
Registered
Name |
MEDICINE DEVELOPERS INTERNATIONAL CC |
|
Trading
as/ Division Name |
MDI |
|
Previous Name |
None |
|
Date of Name
Change |
None |
|
Registration
Number |
1991/029398/23 |
|
Registration
Date |
1991-11-01 |
|
Date Commenced
Trading |
1991 |
|
History of Business |
The subject began as a new business. |
|
Members of
subject and % holding |
50% I MOHAMED 50% B CARRIM |
|
Members
Contribution |
R100 |
|
Age of Company |
19 years 7 months |
|
Status |
Active |
|
Industry/
Customers |
Manufacturers and Government |
|
SICC |
090 Not Defined |
|
Definition |
Activities not adequately defined |
|
Operations
Assessment |
Importation and supply of generic
medicines to the S A Government. |
|
Head Office
Physical Address |
374 Anderson Street MENLO PARK Pretoria |
|
Head Office
Postal Address |
P O Box 35259 MENLO PARK 0103 |
|
Current Tel
Number |
012 4601525 |
|
Current Fax
Number |
012 4601524 |
|
Current Email
Address |
mdi@global.co.za |
|
Website address |
Unknown |
Tax Information
|
Vat Number |
4210157287 |
|
Vat Liable Date |
August |
|
Status |
Active |
|
Tax Number |
9530819649 |
|
Tax Clearance |
Yes |
|
Tax Clearance
Expire Date |
June 2012 |
|
Financial Year
End |
February |
Black Economic Empowerment
|
Status |
None / Turnover less than R5 000 000 per annum. |
|
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 |
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Subsidiary
Companies |
None |
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Shareholding |
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|
Registration
Number |
|
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Import / Export |
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|
Number of
Employees |
9 |
|
1.
Salaried
employees |
5 |
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2.
Waged
employees |
4 |
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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 |
0 |
|
Fleet Operations |
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The Fleet is
made up of |
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1.
Cars |
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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 |
|
6.
Fork
Lifts |
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|
7.
Other |
|
Head Office
Owned/ Rented |
Rented |
|
Rental Company |
Unknown |
|
Lease Agreement |
3 years |
|
Lease Expire
Date |
2013 |
|
Type of Premises |
Offices |
Trade References
The business is not a general credit seeker as it provides a service
therefore has no trade references.
Adverse Information on Subject
|
Judgements |
None |
|
Possible
Judgements |
None |
|
Civil Court Records |
None |
|
RDs |
None |
Default Data
|
Date |
Details |
|
None |
|
Notarial Bonds
|
Date |
Details |
|
None |
|
Auditors Information
|
Company
Registered Name |
M S ISMAIL ABOOBAKER |
|
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 /
Profession 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 |
|
COOK HARRIS AND
ASSOCIATES |
17 years |
Bank Information
|
Bank |
STANDARD BANK |
|
Branch |
Lynwood Ridge |
|
Bank Account
Number |
012203270 |
|
Type of account |
Current |
|
Account Name |
MEDICINE DEVELOPERS INTERNATIONAL CC |
|
Date Opened |
20-12-1991 |
|
Bank Code |
E |
|
Bank Comment |
The subject’s bankers consider the amount of your enquiry to be too
high for R50 000 over 30 days. |
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 |
|
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 |
|
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.45.10 |
|
UK Pound |
1 |
Rs.71.88 |
|
Euro |
1 |
Rs.63.75 |
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.