|
Report Date : |
25.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
COLUMBIA PHARMACEUTICALS (PTY) LTD |
|
|
|
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Registered Office : |
8 Middel Road, Bardene, 1459 |
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|
Country : |
South Africa |
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Date of Incorporation : |
04.12.1984 |
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|
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Com. Reg. No.: |
1984/011146/07 |
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|
|
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Legal Form : |
Private Company |
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|
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Line of Business : |
Wholesale trade in pharmaceuticals, toiletries and medical equipment |
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|
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|
No. of Employees : |
100 employees |
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 |
|
Maximum Credit Limit : |
$
15000000.00 |
|
Status : |
Satisfactory
|
|
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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
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 |
Columbia
Pharmaceuticals (Pty) Ltd |
|
Country |
South
Africa |
|
Requested
Credit Limit |
$
15000000.00 |
|
Enquiry
Terms |
COD |
|
Account
Review |
Every
6 months |
|
Subject
Contact Person |
VANESSA
- HR /Payroll |
|
Assessment |
This is
a well-established and well -connected business. On
investigation contact was made with VANESSA the HR at the concern. The trade
references revealed that the subject is meeting all the commitments timeoulsy. No bank code
was obtained as the banking details are deemed confidential. According to
VANESSA, there is one active director and not three as reflected by CIPC. Please
see the information obtained below. |
|
Registered
Name |
COLUMBIA
PHARMACEUTICALS (PTY)LTD |
|
Trading
as/ Division Name |
None |
|
Previous
Name |
None |
|
Registration
Number |
1984/011146/07 |
|
Registration
Date |
1984/12/04 |
|
Date
Commenced Trading |
1984-12-04 |
|
Age
of Business |
27
Years 8 Months |
|
History
of Business |
COLUMBIA
PHARMACEUTICALS (PTY)LTD was registered in December 1984 and operations
commenced immediately |
|
History
of Principals |
STEPHANUS
FRANK BEETGE is a qualified pharmacist |
|
Shareholders/Members/Partners
of subject and % holding |
STEPHANUS
FRANK BEETGE - 100% |
|
Status |
Active |
|
Operations
Assessment |
The
concern operates as a third party pharmaceutical packing and manufacturing
company |
|
Industry/
Customers |
Pharmaceutical
Industry |
|
Export |
Import |
|
Major
Industry Code / SICC |
61394 |
|
Definition
of Code |
Wholesale
trade in pharmaceuticals, toiletries and medical equipment |
|
Head
Office Physical Address |
8
Middel Road, Bardene,
1459 |
|
Head
Office Postal Address |
P
O BOX 702, Bonaero Park, 1622 |
|
Current
Tel Number |
0119180000 |
|
Cell
Number |
Unavailable |
|
Current
Fax Number |
0119180005 |
|
Current
Email Address |
|
|
Web
Site Address |
|
|
Comments |
The previous
physical address of the concern was8 Aero CentreTempelhof
South Bonaero Park1619 |
|
Company
Registered Name |
VENTER
DE JAGER (PRETORIA) INC |
|
Trading
Name |
As
above |
|
Registration
Number |
2000/002135/21 |
|
Physical
Address |
53
Dely Road, Maroelana,
Pretoria, 0081 |
|
Postal
Address |
P
O Box 279,Pretoria, 0001 |
|
Contact
Number |
012
346 1043/4 |
|
Email |
|
|
Principals |
2 |
|
Judgements
Against Subject |
No
information found on file |
|
Judgements
Against Principals |
No
information found on file |
|
Subject
Verified as Client |
Yes |
|
Practice
Number |
907154A |
|
VAT
Number |
4560120828 |
|
BEE
Status |
None |
|
Financial
Year End |
February |
|
No
of years in Business |
12
Years |
|
Website |
Previous Auditors
Information - No Information on Record
|
Vat
Number |
4490113265 |
|
Status |
ACTIVE |
|
Vat
Liable Date |
1991/09/30 |
|
Tax
Number |
9170312640 |
|
Financial
Year End |
February |
|
Comment |
|
|
Black
Economic Empowerment |
|
|
Status |
No |
|
BEE
Certificate Available |
No |
|
Comment |
The
concern is in the process of obtaining a BEE Certificate |
|
ISO
Status |
|
|
Comment |
The
concern's suppliers are ISO Certified |
|
Workman's
compensation |
|
|
Registered |
Yes |
|
Compliance
Certified |
Yes |
Subsidiaries Information - No Information on Record
|
Employees |
||||
|
Number
of Employees |
100 |
|||
|
Comment |
The
breakdown of the staff compliment was not made available |
|||
|
Company
Fleet |
||||
|
Company
Fleet |
No
of vehicles: |
Ownerd/Leased |
Value |
Outstanding
Balance |
|
Fleet
Operations |
|
|
|
|
|
Cars |
|
Owned |
|
|
Offices
|
Offices |
Offices |
|
Head
Office Owned/ Rented |
Leased |
|
Lease
Agreement |
Annual
lease agreement |
|
Type
of Premises |
Offices
and a Factory |
|
Branch
Detail Information |
|
|
Comment |
There
are no reported branches |
Organisation
Chart
|
Level |
Position |
Name |
Comment |
Company Structure
Information - No Information on Record
Note:
One level up and all levels down
Key Deals
- No Information on Record
|
Trade Reference
nr |
Supplier |
Contact |
Surety Value |
Notarial
Bonds |
Comment |
|
1 |
Warren Chem Specialities |
021 556 1920 |
R0.00 |
0 |
|
|
2 |
BRIGHTPAK |
011 570 8700 |
R0.00 |
0 |
|
|
3 |
Fine Chemicals
Corporation |
021 531 6421 |
R0.00 |
0 |
|
Trade
References Detail
|
Nr |
Age
of Acc |
Credit Limit |
Max Credit |
Terms |
Average
Purchases |
Terms
Taken |
Comment |
|
1 |
18 Years |
R
500000.00 |
R
250000.00 |
30
days |
R 70000 |
30 days |
Excellent account |
|
2 |
14 Years |
|
R
500000.00 |
30
days |
R 300000 |
30 days |
There is no credit limit in place. The concern enjoys a 2.5% settlement
discount |
|
3 |
20 Years |
R
500000.00 |
R
200000.00 |
30
days |
R 250000 |
30 days |
Good Account, the concern has
purchased up to R500 000 |
Adverse Information on Subject
Judgements - No information on record
BusinessRescue - No Information on Record
Default Listing - No information on record
Notarial Bonds - No information on record
Bank Information - No Information on Record
Bank Code History - No Information on Record
Previous Bank Account Information - No
Information on Record
Deeds Information - No information on record
Financial
estimates
|
Comment |
All
financial information is considered confidential |
|
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
|
Active Principals
Principal - 1of 1 STEPHANUS BEETGE |
|
|
Surname |
BEETGE |
|
First
Name |
STEPHANUS |
|
Other
Names |
FRANK |
|
Marital
Status |
Married |
|
ID
Number |
4505035025083 |
|
Verified
ID Number |
Yes |
|
Current
Age |
67 |
|
Designation |
CEO |
|
Status |
Active |
|
Appointment
Date |
1984/04/12 |
|
Physical
Address (at time of Appointment) |
WITKOPPIES
38, KEMPTON PARK, 1459 |
|
Postal
Address |
POSBUS
7026, BONAEROPARK, 1620 |
|
Current
Tel Number |
011
918 0000 |
|
Cell
number |
Unavailable |
|
Shareholding/Membership |
100% |
Principal's
Adverse - No information on record
Business
Information for STEPHANUS BEETGE
Principal's Current Business Interests - No
information on record
Principal's Previous Business Interests - No information
on record
Principal's Deeds Information - No
information on record
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.38 |
|
UK Pound |
1 |
Rs.87.80 |
|
Euro |
1 |
Rs.69.48 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.