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MIRA INFORM REPORT
|
Report Date : |
19.11.2011 |
IDENTIFICATION DETAILS
|
Name : |
SIYEZA FINE CHEM (PTY) LTD |
|
|
|
|
Registered Office : |
128 Industrial Road Amalgam Johannesburg |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
15.10.2008 |
|
|
|
|
Com. Reg. No.: |
2008/024524/07 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Import and distribution of pharmaceutical raw materials. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Unknown |
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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
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
Further to our previous report the financial
manager replied with information.
Please see below the basic detailed obtained.
The subject is an established business that
only imports its products.
There are no local trade references.
We still await a bank code.
It would be suggested dealings only be on a
fully secured basis.
Company Information
|
Registered
Name |
SIYEZA FINE CHEM (PTY) LTD |
|
Trading
as/ Division Name |
None |
|
Previous Name |
None |
|
Date of Name
Change |
N/A |
|
Registration
Number |
2008/024524/07 |
|
Registration
Date |
2008-10-15 |
|
Date Commenced
Trading |
2008 |
|
Shareholders of
subject and % holding |
Declined |
|
Authorised Share
Capital |
R1000 |
|
Issued Share
Capital/Members Contribution |
R100 |
|
Age of Company |
3 years 1 month |
|
Status |
In Business |
|
Operations
Assessment |
Import and distribution of pharmaceutical
raw materials. |
|
Industry/
Customers |
Pharmaceutical |
|
Major Industry
Code / SICC |
61394 Wholesale Retail |
|
Definition of
Code |
Wholesale trade in pharmaceuticals
toiletries and medical equipment. |
|
Head Office
Physical Address |
128 Industrial Road AMALGAM Johannesburg |
|
Head Office
Postal Address |
P O Box 39383 BOOYSENS 2016 |
|
Current Tel
Number |
011 8300334 |
|
Current Fax
Number |
011 8377541 |
|
Current Email
Address |
Auditors Information
|
Company
Registered Name |
ASHWIN DAYA AND ASSOCIATES CC |
|
Trading Name |
None |
|
Registration
Number |
1999/004322/23 |
|
Physical Address |
215 Columbine Avenue MONDEOR Johannesburg |
|
Postal Address |
P O Box 901175 BERTSHAM 2013 |
|
Contact Person |
ASHWIN DAYA |
|
Contact Number |
011 6801888 |
|
Email |
|
|
Principals |
1 |
|
Judgements
Against Subject |
None |
|
Judgements
Against Principals |
None |
|
Subject Verified
as Client |
Yes |
|
Tax Number |
9325392844 |
Previous Auditors
|
Company Name/ Tel |
Time With Previous Auditors |
|
None |
|
Tax Information
|
Vat Number |
4090232770 |
|
Status |
Active |
|
Vat Liable Date |
Monthly |
|
Tax Number |
9750936149 |
|
Tax Clearance
Expire Date |
February |
|
Financial Year
End |
February |
Black Economic Empowerment
|
Status |
Yes |
|
Score |
Level 4 |
|
Expire Date |
Aug |
|
BEE Certificate
Available |
No |
ISO Status
|
Type of ISO
Grade |
None |
|
ISO Certificate |
Yes/No |
|
ISO Certificate Available |
Yes/No |
|
Certified by
anAccredited Agent |
Yes/No |
Workman’s compensation
|
Registered |
Yes |
|
Compliance
Certified |
Yes |
Company Structure
|
Branches |
None |
|
Branches Names |
Country |
Province |
|
None |
|
|
|
Subsidiary
Company |
None |
|
Shareholding |
|
|
Registration
Number |
|
|
Import / Export |
|
|
Number of
Employees |
18 |
|
1.
Salaried
employees |
|
|
2.
Waged
employees |
|
|
3.
Permanent
employees |
18 |
|
4.
Casual
employees |
|
|
5.
Contracted
employees |
|
Company Fleet |
No of vehicles: |
|
Fleet Operations |
|
|
The Fleet is
made up of |
|
|
1.
Cars |
1 |
|
2.
Light
Delivery Vehicles |
2 |
|
3.
Trailers |
|
|
4.
Busses |
|
|
5.
Trucks |
1 |
|
6.
Fork
Lifts |
2 |
|
7.
Other |
|
Head
OfficeOwned/ Rented |
Owned |
|
Rental Company |
|
|
Owned by |
WHITW WATTLE INVESTMENTS 15 CC (Group Company) |
|
Value |
R10 000 000 |
|
Bond |
Yes |
|
Bank |
First National Bank |
|
Lease Agreement |
|
|
Lease Expire
Date |
Annual |
|
Type of Premises |
Offices |
Trade References
The subject imports all its supplies from
INDIA, the company names are below.
|
Supplier |
|
SRI KRISHNA |
|
VIRCHOW |
|
NIVEDITA |
|
NANJING |
|
METRO EXPORTERS |
Trade References
|
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
|
Unavailable |
|
|
|
|
|
|
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 |
|
Deeds Information
|
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 |
|
Bank Information
|
Bank |
FNB |
|
Branch |
FORDSBURG |
|
Bank Account
Number |
6228125238 |
|
Type of Account |
Current |
|
Branch Code |
252505 |
|
Account Name |
SIYEZA FINE CHEM (PTY) LTD |
|
Date Opened |
2010 |
|
Bank Code |
Awaiting a bank code |
|
Bank Comment |
|
Previous Bank Accounts
|
Banker |
Branch Code |
Account Holder |
Account number |
Date opened |
Years with bank |
|
None |
|
|
|
|
|
Financial Information
Financial Estimates
|
CURRENT ASSETS |
|
|
Stock |
R5 505 271 |
|
Debtors |
R10 620 415 |
|
Cash on Hand |
R6 802 065 |
|
FIXED ASSETS |
|
|
Plant,
Equipment, Vehicles |
R1 195 801 |
|
Property |
|
|
CURRENT
LIABILITIES |
|
|
Creditors |
R3 083 797 |
|
Loans/ From? |
R4 807 266 |
|
LONG TERM
LIABILITIES |
|
|
Morgage Bonds |
|
|
ANNUAL Turnover |
R84 683 328 |
|
Previous Year
Turnover |
R78 000 000 |
|
Estimated
Current Year Turnover |
R90 000 000 |
Principals
|
Number of
Principals |
4 |
|
Average Age of
Active Principals |
47 |
Active Principals
Principal 1 of 4
|
Surname |
CARRIM |
|
First Names |
BASHIR |
|
ID Number |
5803075183055 |
|
Verified ID
Number |
Yes |
|
Current Age |
53 |
|
Designation |
Business person |
|
Status |
Active |
|
Appointment Date |
Not on Record |
|
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 |
|
MEDICINE
DEVELOPERS INTERNATIONAL CC |
1991/029398/23 |
In Business |
0 |
No |
|
CITY MEDICAL
WHOLESALERS CC |
1993/018125/23 |
In Business |
0 |
No |
|
DERMACHEM
PHARMACEUTICALS CC |
1999/013940/23 |
In Business |
0 |
No |
|
BUNKER HILLS
INVESTMENTS 471 (PTY) LTD |
2000/022600/07 |
In Business |
0 |
No |
|
JOHANNESBURG
PHARMACEUTICALS CC |
2001/072166/23 |
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 |
|
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 |
|
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 |
|
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 |
|
FERUM
INVETSMENTS CC |
B1986/004312/23 |
In Business |
0 |
No |
|
WHITE WATTLE
INVESTMENTS 15 CC |
B2004/052298/23 |
In Business |
0 |
No |
|
S F L SOFTWEAR
(PTY) LTD |
M2008/011136/07 |
In Business |
0 |
No |
Previous Business Interests
|
Average Age of
Previous Business Interests |
8 years |
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
RAMBRANT PARK CC |
1999/028349/23 |
Deregistration
Final |
0 |
No |
|
TRAVOURS SOUTH
AFRICA CC |
2003/030003/23 |
Deregistration
Final |
0 |
No |
|
EDGE
PHARMACEUTICALS MARKETING CC |
2004/068420/23 |
In Business |
0 |
No |
|
TRIPLAN
DEVELOPERS (CAPE) CC |
2005/68834/23 |
In Business |
0 |
No |
|
SILVER MOON
INVETSMENTS 171 CC |
B2005/066725/23 |
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 4
|
Surname |
MOHAMMED |
|
First Names |
IMTIAZ |
|
ID Number |
6608235224080 |
|
Verified ID
Number |
Yes |
|
Current Age |
45 |
|
Designation |
Business person |
|
Status |
Active |
|
Appointment Date |
Not on Record |
|
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 |
|
MEDICINE
DEVELOPERS INTERNATIONAL CC |
1991/029398/23 |
In Business |
0 |
No |
|
CITY
MEDICAL WHOLESALERS CC |
1993/018125/23 |
In Business |
0 |
No |
|
PHARMA
CHEM CC |
2001/052702/23 |
Conversion |
0 |
No |
|
JOHANNESBURG
PHARMACEUTICALS CC |
2001/072166/23 |
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 |
|
MAIN
STREET PHARMACEUTICALS CC |
2003/095461/23 |
In Business |
0 |
No |
|
MARABA
PHARMACEUTICALS (PTY) LTD |
2003/072568/23 |
In Business |
0 |
No |
|
TUFS
PROPERTY INVESTMENT CC |
2003/104529/23 |
In Business |
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 |
|
AFRIKEM
HOLDINGS (PTY) LTD |
2011/010700/07 |
In Business |
0 |
No |
|
DAIRY
MALL PHARMACY INSOLVENTE BOEDEL |
6608235224056 |
|
0 |
No |
|
FERUM
INVETSMENTS CC |
B1986/004312/23 |
In Business |
0 |
No |
|
WHITE
WATTLE INVESTMENTS 15 CC |
B2004/052298/23 |
In Business |
0 |
No |
|
S
F L SOFTWEAR (PTY) LTD |
M2008/011136/07 |
In Business |
0 |
No |
Previous Business Interests
|
Average Age of
Previous Business Interests |
8 years |
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
RAMBRANT PARK CC |
1999/028349/23 |
Deregistration
Final |
0 |
No |
|
TRAVOURS SOUTH
AFRICA CC |
2003/030003/23 |
Deregistration
Final |
0 |
No |
|
EDGE
PHARMACEUTICALS MARKETING CC |
2004/068420/23 |
In Business |
0 |
No |
|
TRIPLAN DEVELOPERS
(CAPE) CC |
2005/68834/23 |
In Business |
0 |
No |
|
SILVER MOON
INVETSMENTS 171 CC |
B2005/066725/23 |
In Business |
0 |
No |
Deeds Information
Property Interests of Principle
|
Property Interest |
|||
|
Title Deed No. |
T122945/2007 |
Erf/Site No. |
|
|
Deeds Office |
PRETORIA |
Physical Address |
|
|
Property Type |
Freehold/ Ervin |
Extent / Size |
1206.0SQM |
|
Purchase Date |
2007-03-17 |
Purchase price |
R66300 |
|
% Ownership |
0.0000 |
Bond Holder |
|
|
Bond Number |
VA6061987-T452664 |
Bond Amount |
R0 |
Principal 3 of 4
|
Surname |
MOODLEY |
|
First Names |
NICOLENE |
|
ID Number |
6605120145081 |
|
Verified ID
Number |
Yes |
|
Current Age |
45 |
|
Designation |
Business person |
|
Status |
Active |
|
Appointment Date |
Not on Record |
|
Address (at time
of Appointment) |
1898 Kingsley Crescent MONDEOR 2091 |
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 |
|
None |
|
|
|
|
Previous Business Interests
|
Average Age of
Previous Business Interests |
8 years |
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|||
|
SUPREME ROAD
MARKINGS AND MAINTENANCE CC |
2003/039625/23 |
Deregistration
Final |
0 |
No |
|||
|
EAST RAND
PHARMACEUTICALS CC |
2002/045659/23 |
In Business |
0 |
No |
|||
Deeds Information
Property Interests of Principle
|
Property Interest |
|||
|
Title Deed No. |
T16975/2000 |
Erf/Site No. |
|
|
Deeds Office |
JOHANNESBURG |
Physical Address |
MONDEOR JOHANNEBURG |
|
Property Type |
Freehold/ Ervin |
Extent / Size |
703.0SQM |
|
Purchase Date |
2000-02-15 |
Purchase price |
R65 000 |
|
% Ownership |
0.0000 |
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
R0 |
Principal 4 of 4
|
Surname |
MOODLEY |
|
First Names |
SANGAARAN |
|
ID Number |
6504155180081 |
|
Verified ID
Number |
Yes |
|
Current Age |
46 |
|
Designation |
Business person |
|
Status |
Active |
|
Appointment Date |
Not on Record |
|
Address (at time
of Appointment) |
36 Kingsley Crescent MONDEOR 2091 |
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 |
||
|
WHITE WATTLE
INVESTMENTS 15 CC |
B2004/052298/23 |
In Business |
0 |
No |
||
|
EAST RAND
PHARMACEUTICALS CC |
2002/045659/23 |
In Business |
0 |
No |
||
Previous Business Interests
|
Average Age of
Previous Business Interests |
18 years |
|
Company Name |
Registration No |
Status |
Judgements |
Liquidation |
|
KIRSCH PHARMA
SOUTH AFRICA (PTY) LTD |
1993/005138/07 |
In Business |
0 |
No |
Deeds Information
Property Interests of Principle
|
Property Interest |
|||
|
Title Deed No. |
T16975/2000 |
Erf/Site No. |
|
|
Deeds Office |
JOHANNESBURG |
Physical Address |
MONDEOR JOHANNEBURG |
|
Property Type |
Freehold/ Ervin |
Extent / Size |
703.0SQM |
|
Purchase Date |
2000-02-15 |
Purchase price |
R65 000 |
|
% Ownership |
0.0000 |
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
R0 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.35 |
|
|
1 |
Rs.80.97 |
|
Euro |
1 |
Rs.69.26 |
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.