|
Report Date : |
07.04.2012 |
IDENTIFICATION DETAILS
|
Name : |
|
|
|
|
|
Formerly Known As : |
AVENTIS PHARMA (PTY) LTD |
|
|
|
|
Registered Office : |
315 Waltoo Road, Waltoo, Pretoria 0184 |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
12.01.2007 |
|
|
|
|
Com. Reg. No.: |
1931/002901/07 |
|
|
|
|
Legal Form : |
Private Limited |
|
|
|
|
Line of Business : |
Import, Manufacture and Distribution of Pharmaceutical
products |
|
|
|
|
No. of Employees : |
400 |
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 : |
Good |
|
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 – 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 |
|
Subject Name |
WINTHROP
PHARMACEUTICALS (PTY) LTD |
|
Country |
SOUTH
AFRICA |
|
Requested Credit Limit |
$
15 000 000 |
|
Enquiry Terms |
D/A |
|
Account Review |
|
|
Subject Contact person |
LINETTE
– FINANCIAL MANAGER |
|
Assessment |
On investigation
we made contact with LINETTE the financial manager of the subject who
confirmed the subject’s information. This
appears to be a well established company owned by SANOFI SOUTH AFRICA (PTY)
LTD. We
were unable to obtain financials and banking information on the subject as
the company deems this information to be sensitive and confidential. We
await further information for trade references. Please
see the available information on the subject below. |
|
Registered Name |
WINTHROP PHARMACEUTICALS (PTY) LTD |
|
Trading as/ Division Name |
None |
|
Previous Name |
AVENTIS PHARMA (PTY) LTD |
|
Date of Name Change |
2007-01-12 |
|
Registration Number |
1931/002901/07 |
|
Registration Date |
1931-02-07 |
|
Date Commenced Trading |
1931-02-07 |
|
Age of Business |
81 Years 2 Months |
|
History of Business |
Unavailable |
|
History of Principals |
DIDIER ROUSELLE JOHN FAGAN GRANT PETTITT |
|
Shareholders and % holding |
100% SANOFI SOUTH AFRICA (PTY) LTD |
|
Authorised Share Capital |
2 080 000 |
|
Issued Share Capital |
2 080 000 |
|
Status |
In Business |
|
Operations Assessment |
Import, Manufacture and Distribution of Pharmaceutical products |
|
Industry/ Customers |
Pharmaceutical Industry Pharmacies |
|
Export |
None |
|
Major Industry Code / SICC |
33530 |
|
Definition of Code |
Manufacture of pharmaceuticals,
medicinal chemicals and botanical products |
|
Head Office Physical Address |
315 Waltoo Road Waltoo PRETORIA 0184 |
|
Head Office Postal Address |
PO
Box 2295 LONEHILL 2062 |
|
Current Tel Number |
011 2563700 |
|
Cell number |
None |
|
Current Fax Number |
011 8475099 |
|
Current Email Address |
|
|
Web Site Address |
|
Company Registered Name |
PRICEWATERHOUSE COOPERS INCORPORATED |
|
Trading Name |
PWC |
|
Registration Number |
1998/012055/21 |
|
Physical Address |
2 Edlands Road SUNNINGHILL 2157 |
|
Postal Address |
Private Bag X36 SUNNINGHILL 2157 |
|
Contact Person |
DENIS VON HOESSLIN |
|
Contact Number |
011 7974285 |
|
Email |
|
|
Principals |
248 |
|
Judgements Against Subject |
None |
|
Judgements Against Principals |
Unavailable |
|
Subject Verified as Client |
Yes |
|
SAICA number |
Unavailable |
|
VAT Number |
4950174682 |
|
Tax Number |
9343032844 |
|
BEE Status |
Unavailable |
|
Financial Year End |
June |
|
Years With Auditors |
Unavailable |
|
Website |
|
Company Name |
Phone Number |
Time with previous auditors |
|
DELOITE
AND TOUCHE |
Unavailable |
Unknown |
|
Vat Number |
4910105693 |
|
Status |
Active |
|
Vat Liable Date |
Unavailable |
|
Tax Number |
9725003710 |
|
Tax Clearance Expire Date |
March 2013 |
|
Financial Year End |
December |
|
Status |
Yes |
|
Score |
Unavailable |
|
Expire Date |
Unavailable |
|
BEE Certificate Available |
None |
|
Type of ISO Grade |
None |
|
ISO Certificate |
|
|
ISO Certificate Available |
|
|
Certified by an Accredited
Agent |
|
|
Registered |
Yes |
|
Compliance Certified |
Yes |
Subsidiaries
|
Subsidiary Company |
None |
|
Shareholding |
|
|
Registration Number |
|
|
Import / Export |
|
|
Number
of Employees |
400 |
|
1. Salaried employees |
Unsure |
|
2. Waged employees |
Unsure |
Company Fleet |
No of vehicles: |
Owned/ Leased |
Value |
Outstanding Balance |
|
Fleet Operations |
|
|
|
|
|
The Fleet is made up of |
|
|||
|
1. Trucks |
1 |
Owned |
|
|
|
Offices |
|
Head Office Owned/ Rented |
Leased |
|
Rental Company |
Gross Point Properties |
|
Lease Agreement |
3 Years |
|
Lease Expire Date |
March 2013 |
|
Type of Premises |
Factory and Offices |
|
Branches Names |
Country |
Province |
|
WINTHORP
PHARMACEUTICALS (CAPE TOWN) |
SOUTH
AFRICA |
Western
Cape |
|
WINTHORP
PHARMACEUTICALS (PORT ELIZABETH) |
SOUTH
AFRICA |
Eastern
Cape |
Branches Owned/ Rented |
Declined |
|
Rental Company |
|
|
Owned |
|
|
Value |
|
|
Bank |
|
|
Bond |
|
|
Lease Agreement |
|
|
Lease Expire Date |
|
|
Type of Premises |
|
|
Level |
Position |
Name |
|
1 |
Director |
DIDIER ROUSELLE |
|
2 |
Director |
JOHN FAGAN |
|
3 |
Director |
GRANT PETTITT |
Note: One level up and all levels down
|
Holding |
Company |
Sub |
|
100 % |
SANOFI SOUTH AFRICA (PTY) LTD |
Unavailable |
|
Company |
Value |
Contact |
|
Declined |
|
|
We await further information on the trade references for the
subject.
Trade
References Detail
|
Nr |
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
|
1 |
Unavailable |
|
|
|
|
|
|
|
2 |
|
|
|
|
|
|
|
|
3 |
|
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|
|
|
|
|
|
4 |
|
|
|
|
|
|
|
Judgements
|
Judgements |
None |
|
Possible
Judgements |
None |
|
Civil
Court |
None |
|
RDs |
None |
Judgements
|
Case
Number |
No information on record |
|
Amount |
|
|
Reason |
|
|
Court
Name |
|
|
Judgement
Type |
|
|
Judgement
Date |
|
|
Plaintiff
(Multiple) |
|
Business
Rescue
|
Date registered |
Business rescue practitioner |
Contact Information |
Details |
|
None |
|
|
|
Default
Listings
|
Date |
Details |
|
None |
|
Notarial
Bonds
|
Date |
Details |
|
None |
|
|
Bank |
Declined |
|
Branch |
|
|
Bank Account Number |
|
|
Type of Account |
|
|
Account Name |
|
|
Overdraft Facilities |
|
|
Date Opened |
|
|
Bank Code |
|
|
Bank Comment |
|
Bank
Codes History
|
Date requested |
Bank Code |
Enquiry Amount |
Number of RD’s |
RD amount |
RD Date |
Bank Comments |
Years with bank |
|
Unavailable |
|
|
|
|
|
|
|
Previous
Bank Accounts
|
Banker |
Branch Code |
Account Holder |
Account number |
Date opened |
Years with bank |
|
Unavailable |
|
|
|
|
|
Property Interests for Company
|
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 |
|
Financial
Estimates
|
CURRENT ASSETS |
Declined |
|
Stock |
|
|
Debtors |
|
|
FIXED ASSETS |
|
|
Plant, Equipment, Vehicles |
|
|
Property |
|
|
CURRENT LIABILITIES |
|
|
Creditors |
|
|
Loans/ From? |
|
|
LONG TERM LIABILITIES |
|
|
Morgage Bonds |
|
|
Previous Year Turnover |
|
|
Estimated Current Year Turnover |
|
|
Current Turnover per month |
|
|
Current Turnover per annum |
|
Please
note the following:
|
Turnover and assets less than R
1,000,000.00 |
The subject falls within the National Credit Act |
|
Turnover and assets less than R
2,000,000.00 |
The subject falls within the Consumer Protection Act |
Principals
|
Number of Principals |
3 |
|
Average Age of Active Principals |
52 |
Active
Principals
Principal 1 of 3: DIDIER LOUIS VICTOR GHISLAIN ROUSSELLE
|
Surname |
ROUSELLE |
|
First Name |
DIDIER |
|
Other Names |
LOUIS VICTOR GHISLAIN |
|
Marital Status |
Unavailable |
|
ID Number |
5910020000000 |
|
Verified ID Number |
No |
|
Current Age |
53 |
|
Designation |
Unavailable |
|
Status |
Active |
|
Appointment Date |
2005-01-03 |
|
Physical Address (at time of
Appointment) |
46 Jean Jaures 77360 VAIRES SUR MARNE FRANCE 0000 |
|
Postal Address |
74-82 Avenue Rasphail 94255 Gentilly CEDEX FRANCE 0000 |
|
Current Tel Number |
Unavailable |
|
Cell number |
Unavailable |
|
Current Fax Number |
Unavailable |
|
Current Email Address |
Unavailable |
|
Shareholding |
0.0000 |
Adverse
Information for: DIDIER LOUIS VICTOR GHISLAIN
ROUSSELLE
Judgement
|
Number
of Judgements |
None |
Debt Review
|
Debt
review |
None |
Other
|
Default
data |
None |
Business Information for:
DIDIER LOUIS VICTOR GHISLAIN ROUSSELLE
Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age of Business |
Judgements |
Liquidation |
|
WINTHROP PHARMACEUTICALS (PTY) LTD |
1931/002901/07 |
In
Business |
81
Years 2 Months |
0 |
No |
|
SANOFI-AVENTIS SOUTH AFRICA (PTY) LTD |
M1996/006787/07 |
In
Business |
15
Years 8 Months |
0 |
No |
Previous Business Interests
|
Average
Age of Previous Business Interests |
31 Years |
|
Company
Name |
Registration
No |
Status |
Age of Business |
Judgements |
Liquidation |
|
ROUSELL LABORATORIES (PTY) LTD |
1966/001057/07 |
Voluntary
Liquidation |
46
Years 2 Months |
0 |
Yes |
|
IREX PHARMACEUTICALS SOUTH AFRICA
(PTY) LTD |
M1999/006787/07 |
Dissolved |
13
Years 1 Month |
0 |
No |
Deeds Information
Property Interests for: DIDIER LOUIS VICTOR GHISLAIN ROUSSELLE
|
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 3: JOHN FAGAN
|
Surname |
FAGAN |
|
First Name |
JOHN |
|
Other Names |
AM |
|
Marital Status |
Unavailable |
|
ID Number |
6005025246185 |
|
Verified ID Number |
Yes |
|
Current Age |
52 |
|
Designation |
MARKETING AND SALES DIRECTOR |
|
Status |
Active |
|
Appointment Date |
2000-09-01 |
|
Physical Address (at time of Appointment) |
929 Juarez Street KYALAMI ESTATES MIDRAND 1684 |
|
Postal Address |
Private Bag X207 MIDRAND 1685 |
|
Current Tel Number |
011 2563899 |
|
Cell number |
072 5601414 |
|
Current Fax Number |
Unavailable |
|
Current Email Address |
Unavailable |
|
Shareholding |
0.0000 |
Adverse Information for: JOHN
FAGAN
Judgement
|
Number
of Judgements |
None |
Debt Review
|
Debt
review |
None |
Other
|
Default
data |
None |
Business Information for: JOHN
FAGAN
Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age of Business |
Judgements |
Liquidation |
|
WINTHROP PHARMACEUTICALS (PTY) LTD |
1931/002901/07 |
In
Business |
81
Years 2 Months |
0 |
No |
|
SISONKE PHARMACEUTICALS (PTY) LTD |
2002/025975/07 |
In
Business |
9
Years 6 Months |
0 |
No |
|
FAGAN AND GRAY CC |
2010/145351/23 |
In
Business |
1
Years 6 Months |
0 |
No |
|
SANOFI-AVENTIS SOUTH AFRICA (PTY) LTD |
M1996/010381/07 |
In
Business |
15
Years 8 Months |
0 |
No |
Previous Business Interests
|
Average
Age of Previous Business Interests |
29 Years |
|
Company
Name |
Registration
No |
Status |
Age of Business |
Judgements |
Liquidation |
|
ROUSELL LABORATORIES (PTY) LTD |
1966/001057/07 |
Voluntary
Liquidation |
46
Years 2 Months |
0 |
Yes |
|
HOECHST MARION ROUSELL HOLDINGS LTD |
1969/015579/06 |
Dissolved |
42
Years 6 Months |
0 |
No |
|
HOECHST MARION ROUSELL LTD |
1973/006623/06 |
Dissolved |
38
Yeas 11 Months |
0 |
No |
|
RHONE-POULENC RORER PROPERTIES SA
(PTY) LTD |
1977/002752/07 |
Dissolved |
34
Years 8 Months |
0 |
No |
|
INTERNATIONAL HEALTH CARE
DISTRIBUTORS (PTY) LTD |
1993/003736/07 |
Voluntary
Liquidation |
18
Years 9 Months |
0 |
Yes |
|
PHARMACHOICE HEALTHCARE (PTY) LTD |
1997/004642/07 |
Voluntary
Liquidation |
15
Years |
0 |
Yes |
|
IREX PHARMACEUTICALS SOUTH AFRICA
(PTY) LTD |
M1999/006787/07 |
Dissolved |
13
Years 1 Month |
0 |
No |
Deeds Information
Property Interests for: JOHN FAGAN
|
Title
Deed No. |
T34466/2010 |
Erf/Site No. |
|
|
Deeds
Office |
PRETORIA |
Physical Address |
929
Juarez Kyalami
Estates MIDRAND |
|
Property
Type |
Freehold / Ervin |
Extent / Size |
1300.0SQM |
|
Purchase
Date |
2009-11-03 |
Purchase price |
R
4 250 000,00 |
|
%
Ownership |
0.0000 |
Bond Holder |
NEDBANK
LTD |
|
Bond
Number |
B218862010 |
Bond Amount |
R
3 855 700,00 |
Principal 3 of 3: GRANT PETTITT
|
Surname |
PETTITT |
|
First Name |
GRANT |
|
Other Names |
Unavailable |
|
Marital Status |
Unavailable |
|
ID Number |
6106105039084 |
|
Verified ID Number |
Yes |
|
Current Age |
51 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
1992-01-06 |
|
Physical Address (at time of
Appointment) |
42 Coral Tree Crescent FOURWAYS GARDENS 2196 |
|
Postal Address |
PO Box 1704 WITKOPPEN 2068 |
|
Current Tel Number |
011 2563860 |
|
Cell number |
082 5521012 |
|
Current Fax Number |
Unavailable |
|
Current Email Address |
Unavailable |
|
Shareholding |
0.0000 |
Adverse Information for:
GRANT PETTITT
Judgement
|
Number
of Judgements |
None |
Debt Review
|
Debt
review |
None |
Other
|
Default
data |
None |
Business Information for:
GRANT PETTITT
Current Business Interests
|
Company
Name |
Registration
No |
Status |
Age of Business |
Judgements |
Liquidation |
|
WINTHROP PHARMACEUTICALS (PTY) LTD |
1931/002901/07 |
In
Business |
81
Years 2 Months |
0 |
No |
|
SISONKE PHARMACEUTICALS (PTY) LTD |
2002/025975/07 |
In
Business |
9
Years 6 Months |
0 |
No |
|
PROSTATE CANCER FOUNDATION |
2005/004939/08 |
In
Business |
7
Years 2 Months |
0 |
No |
|
SANOFI-AVENTIS-SOUTH AFRICA (PTY) LTD |
M1996/010381/07 |
In
Business |
15
Years 8 Months |
0 |
No |
Previous Business Interests
|
Average
Age of Previous Business Interests |
45 Years |
|
Company
Name |
Registration
No |
Status |
Age of Business |
Judgements |
Liquidation |
|
CASSENNE (PTY) LTD |
1962/004353/07 |
Dissolved |
49
Years 5 Months |
0 |
No |
|
M AND B PHARMA SA (PTY) LTD |
1964/007018/07 |
Deregistration
Final |
47
Years 7 Months |
0 |
No |
|
ROUSSELL LABORATORIES (PTY) LTD |
1966/001057/07 |
Voluntary
Liquidation |
46
Years 2 Months |
0 |
Yes |
|
RADIOL CHEMICALS (SA) (PTY) LTD |
1969/003765/07 |
Deregistration
Final |
43
Years 1 Month |
0 |
No |
|
HOECHST MARION ROUSELL LTD |
1973/006623/06 |
Dissolved |
38
Years 11 Months |
0 |
No |
Deeds Information
Property Interests for: GRANT PETTITT
|
Title
Deed No. |
ST26062/2010 |
Erf/Site No. |
780,0 |
|
Deeds
Office |
PRETORIA |
Physical Address |
10
LOWER MORNINGSIDE SANDTON |
|
Property
Type |
Sectional Title / Unit |
Extent / Size |
110.0SQM |
|
Purchase
Date |
200707-26 |
Purchase price |
R
2 995 000,00 |
|
%
Ownership |
0.0000 |
Bond Holder |
STANDARD
BANK OF SOUTH AFRICA |
|
Bond
Number |
SB168502010 |
Bond Amount |
R
2 700 000,00 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.04 |
|
|
1 |
Rs.81.08 |
|
Euro |
1 |
Rs.67.39 |
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.