MIRA
INFORM REPORT
|
Report Date : |
13.07.2012 |
IDENTIFICATION DETAILS
|
Name : |
PHARMACEUTICAL
ENTERPRISES (PTY)LTD |
|
|
|
|
Registered Office : |
7 Howard |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
08.03.1984 |
|
|
|
|
Com. Reg. No.: |
1984/002391/07 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Manufacture of Pharmaceuticals, Medicinal Chemicals and Botanical Products |
|
|
|
|
No. of Employees : |
7 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 50000 |
|
Status : |
Moderate |
|
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 |
Summary
|
Subject Name |
PHARMACEUTICAL
ENTERPRISES (PTY) LTD |
|
Country |
SOUTH
AFRICA |
|
Subject Contact person |
MERRICK
COLLEEN SOUTHWORTH - Director |
|
Assessment |
On
investigation we made contact with MERRICK COLLEEN SOUTHWORTH the director of
the subject who assisted with the information. This
is an established business which has been operating since 1984. A
bank code could not be obtained as the subject for the concern declined to
provide the account number, however it
was stated that the company has an overdraft facility secured by personal
guarantee The
telephone number provided belongs to the subsidiary company of the concern,
PHARMACEUTICAL ENTERPRISES MANUFACTURING (PTY) LTD |
Company Information
|
Registered Name |
PHARMACEUTICAL
ENTERPRISES (PTY)LTD |
|
Trading as/ Division Name |
PHARMACEUTICAL
ENTERPRISES |
|
Previous Name |
None |
|
Date of Name Change |
None |
|
Registration Number |
1984/002391/07 |
|
Registration Date |
1984-03-08 |
|
Date Commenced Trading |
1984-03-08 |
|
Age of Business |
28 Years 4 Months |
|
History of Business |
The company was
registered in 1984 and operations commenced immediately. In 2010, a new subsidiary
styled PHARMACEUTICAL ENTERPRISES MANUFACTURING (PTY) LTD registration number
2009/022049/07 was established |
|
History of Principals |
The directors have a
combined average of 30 years’ experience in the pharmaceutical field |
|
Shareholders and % holding |
Unknown |
|
Status |
In Business |
|
Operations Assessment |
The company operates as
the head office where all the administrative functions such as sales,
invoicing, marketing and finances are undertaken |
|
Industry/ Customers |
Pharmaceutical and Medical
Sector |
|
Export |
Unavailable |
|
Major Industry Code / SICC |
·
0900 ·
3353 |
|
Definition of Codes |
OTHER ACTIVITIES NOT
ADEQUATELY DEFINED MANUFACTURE OF
PHARMACEUTICALS, MEDICINAL CHEMICALS AND BOTANICAL PRODUCTS |
|
Head Office Physical Address |
7 Howard Studios |
|
Head Office Postal Address |
PO Box 201 |
|
Current Tel Number |
021 5311341 / 7850 |
|
Cell number |
082 5626502 |
|
Current Fax Number |
021 5312692 |
|
Current Email Address |
|
|
Web Site Address |
Auditors Information
|
Company Registered Name |
GREENWOODS ADMINISTRATION
TRUST CO |
|
Trading Name |
GREENWOODS |
|
Registration Number |
1993/023302/23 |
|
Physical Address |
24TH Floor ABSA Centre 2 Riebeeck Street CAPE TOWN 8001 |
|
Postal Address |
P.O Box 3311 CAPE TOWN 8000 |
|
Contact Number |
021 4108500 |
|
Email |
|
|
Principals |
8 |
|
Judgements Against Subject |
No information on file |
|
Judgements Against Principals |
No information on file |
|
Subject Verified as Client |
Yes |
|
Profession Number |
933171E |
|
VAT Number |
4900119449 |
|
Tax Number |
9330418030 |
|
BEE Status |
Active |
|
Financial Year End |
February |
|
Years With Auditors |
17 Years |
|
Website |
Previous Auditors
|
Company Name |
Phone Number |
Time with previous auditors |
|
JN Mann and
Company |
Unknown |
19 Years |
Tax Information
|
Vat Number |
4840109625 |
|
Status |
Active |
|
Vat Liable Date |
1991/09/30 |
|
Tax Number |
9630568039 |
|
Tax Clearance Expire Date |
Unknown |
|
Financial Year End |
February |
Black Economic Empowerment
|
Status |
Unknown |
ISO Status
|
Type of ISO Grade |
ISO 9001:2008 |
|
ISO Certificate |
Yes |
|
ISO Certificate Available |
Yes |
|
Certified by an Accredited Agent |
Yes |
Workman’s compensation
|
Registered |
Yes |
|
Compliance Certified |
Yes |
Company Structure
Subsidiaries
|
Subsidiary Company |
Pharmaceutical Enterprises Manufacturing (Pty)
Ltd |
|
Shareholding |
100% |
|
Registration Number |
2009/022049/07 |
|
Import / Export |
Yes |
|
Number of
Employees |
7 |
|
1. Salaried
employees |
7 |
|
2. Permanent
employees |
7 |
Company Fleet |
No of vehicles: |
Owned/ Leased |
Value |
Outstanding Balance |
|
Fleet Operations |
3 |
|
|
|
|
The Fleet is made up of |
3 Vehicles |
|||
|
1. Light
Delivery Vehicles |
3 |
|
|
|
|
Offices |
|
Head Office Owned/ Rented |
Owned |
|
Owned by |
Unavailable |
|
Value |
Unavailable |
|
Bond |
Unavailable |
|
Bank |
Unavailable |
|
Type of Premises |
Offices |
|
Branches Names |
Country |
Province |
|
None |
|
|
Branches Owned/ Rented |
None |
Management
Overview
Organisation chart
|
Level |
Position |
Name |
|
1. |
Managing Director |
RM BROWN |
|
2. |
Financial Director |
T BANKS |
|
3. |
Technical Director |
RJ BANKS |
|
4. |
Administrator Director |
C BROWN |
|
5. |
Human Resources Director |
M SOUTHWORTH |
Company Structure (Ownership)
Note: One level up and all
levels down
|
Holding |
Company |
Sub |
|
None |
|
|
Credit limited
|
Maximum Credit Limit : |
USD 50000 |
Trade References
Key deals signed within the past 12
months.
|
Company |
Value |
Contact |
|
Declined |
|
|
|
Trade Reference nr |
Supplier |
Contact |
Surety Value |
Notarial Bonds |
|
1 |
BRITEPAK TRADING |
011 5708700 |
|
|
|
2 |
HERSOL
MANUFACTURING LABORATORIES |
011 6146631 |
|
|
Trade References Detail
|
Nr |
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average Purchases |
Terms Taken |
Comment |
|
1 |
2006 |
Open |
R 250 000 |
30 days |
R 60 000 |
30 days |
Very Good |
|
2 |
Do |
Not |
Give |
Trade |
References |
|
|
Adverse Information on Subject
Judgements
|
Judgements |
None |
|
Possible Judgements |
None |
|
Civil Court |
None |
|
RDs |
None |
Business Rescue
|
Date registered |
Business rescue practitioner |
Contact Information |
Details |
|
None |
|
|
|
Default Listings
|
Date |
Details |
|
None |
|
Notarial Bonds
|
Date |
Details |
|
None |
|
Bank Information
|
Bank |
STANDARD BANK |
|
Branch |
PINELANDS |
|
Bank Account Number |
Confidential |
|
Type of Account |
Cheque Account |
|
Account Name |
PHARMACEUTICAL ENTERPRISES (PTY) LTD |
|
Overdraft Facilities |
Yes, the subject enjoys an overdraft facility which is secured by the
directors of the concern |
|
Date Opened |
Unknown |
|
Bank Code |
Unavailable |
|
Bank Comment |
|
Bank Codes History
|
Date requested |
Bank Code |
Enquiry Amount |
Number of RD’s |
RD amount |
RD Date |
Bank Comments |
Years with bank |
|
None |
|
|
|
|
|
|
|
Previous Bank Accounts
|
Banker |
Branch Code |
Account Holder |
Account number |
Date opened |
Years with bank |
|
None |
|
|
|
|
|
Deeds Information
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 Information
Financial Estimates
|
CURRENT ASSETS |
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
|
Number of Principals |
5 |
|
Average Age of Active Principals |
55 |
Active Principals
Principal 1 of 5: MERRICK COLLEEN SOUTHWORTH
|
Surname |
SOUTHWORTH |
|
First Name |
MERRICK |
|
Other Names |
COLLEEN |
|
Marital Status |
Unknown |
|
ID Number |
7409171257088 |
|
Verified ID Number |
No |
|
Current Age |
38 |
|
Designation |
Human Resources Director |
|
Status |
Active |
|
Appointment Date |
1995-01-03 |
|
Physical Address (at time of Appointment) |
7 Long Place PINELANDS 7405 |
|
Postal Address |
PO Box 201 HOWARD PLACE 7450 |
|
Current Tel Number |
021 531 1341/ 7850 |
|
Cell number |
082 5626502 |
|
Current Fax Number |
021 5312692 |
|
Current Email Address |
Adverse
Information for: MERRICK COLLEEN SOUTHWORTH
Judgement
|
Number of
Judgements |
None |
Debt
Review
|
Debt review |
None |
Other
|
Default data |
None |
Business
Information for: MERRICK COLLEEN SOUTHWORTH
Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
PHARMACEUTICAL ENTERPRISES (PTY)LTD |
1984/002391/07 |
In Business |
28 Years 4 Months |
0 |
No |
Previous
Business Interests
|
Average Age of
Previous Business Interests |
None |
Deeds Information
Property
Interests for: MERRICK COLLEEN SOUTHWORTH
|
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 5: TANSY BANKS
|
Surname |
BANKS |
|
First Name |
TANSY |
|
Other Names |
None |
|
Marital Status |
Unknown |
|
ID Number |
6711060060080 |
|
Verified ID Number |
Yes |
|
Current Age |
45 |
|
Designation |
Financial
Director |
|
Status |
Active |
|
Appointment Date |
1995-01-03 |
|
Physical Address (at time of Appointment) |
8 Montagu Way PINELANDS 7405 |
|
Postal Address |
PO Box 201 HOWARD PLACE 7450 |
|
Current Tel Number |
021 531 1341/ 7850 |
|
Cell number |
082 5626502 |
|
Current Fax Number |
021 5312692 |
|
Current Email Address |
Adverse
Information for: TANSY BANKS
Judgement
|
Number of
Judgements |
None |
Debt
Review
|
Debt review |
None |
Other
|
Default data |
None |
Business
Information for: TANSY BANKS
Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
PHARMACEUTICAL ENTERPRISES (PTY)LTD |
1984/002391/07 |
In Business |
28 Years 4 Months |
0 |
No |
Previous
Business Interests
|
Average Age of Previous
Business Interests |
22 Years |
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
LOVEC SECRETARIAL SERVICES CC |
1990/023762/23 |
Deregistration Final |
22 Years |
0 |
No |
Deeds Information
Property
Interests for: TANSY BANKS
|
Title Deed No. |
ST9313/2011 |
Erf/Site No. |
1908 |
|
Deeds Office |
CAPE TOWN |
Physical Address |
1 MORNINGSIDE PINELANDS CAPE TOWN |
|
Property Type |
Sectional Title / Unit |
Extent / Size |
66.0SQM |
|
Purchase Date |
2010-12-13 |
Purchase price |
R 710 000,00 |
|
% Ownership |
|
Bond Holder |
STANDARD BANK OF SOUTH AFRICA LTD |
|
Bond Number |
SB39722011 |
Bond Amount |
R 710 000,00 |
Principal 3 of 5: RALPH BANKS
|
Surname |
BANKS |
|
First Name |
RALPH |
|
Other Names |
None |
|
Marital Status |
Unknown |
|
ID Number |
6708055134003 |
|
Verified ID Number |
Yes |
|
Current Age |
45 |
|
Designation |
Technical
Director |
|
Status |
Active |
|
Appointment Date |
1995-01-03 |
|
Physical Address (at time of Appointment) |
8 Montagu Way PINELANDS 7405 |
|
Postal Address |
PO Box 201 HOWARD PLACE 7450 |
|
Current Tel Number |
021 5311341 / 7850 |
|
Cell number |
082 5626502 |
|
Current Fax Number |
021 5312692 |
|
Current Email Address |
Adverse Information for: RALPH BANKS
Judgement
|
Number of
Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Business Information for: RALPH BANKS
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
PHARMACEUTICAL ENTERPRISES (PTY)LTD |
1984/002391/07 |
In Business |
28 Years 4 Months |
0 |
No |
|
PHARMACEUTICAL ENTERPRISES MANUFACTURING
(PTY)LTD |
2009/022049/07 |
In Business |
2 Years 8 Months |
0 |
No |
Previous Business Interests
|
Average Age of
Previous Business Interests |
31 Years 4 Months |
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
ORMED LTD |
1971/012547/06 |
Deregistration Final |
40 Years 8 Months |
0 |
No |
|
PHARMACEUTICAL ENTERPRISES (HOLDINGS)
LTD |
1989/003593/06 |
Dissolved |
23 Years 1 Months |
0 |
No |
Deeds Information
Property Interests for: RALPH BANKS
|
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 4 of 5: CHRISTABEL BROWN
|
Surname |
BROWN |
|
First Name |
CHRISTABEL |
|
Other Names |
None |
|
Marital Status |
Unknown |
|
ID Number |
3706240058080 |
|
Verified ID Number |
Yes |
|
Current Age |
75 |
|
Designation |
Administrator Director |
|
Status |
Active |
|
Appointment Date |
1984-12-03 |
|
Physical Address (at time of Appointment) |
24 PARKLANE UNIVERSITY DRIVE PINELANDS 7405 |
|
Postal Address |
PO Box 201 HOWARD PLACE 7450 |
|
Current Tel Number |
021 5311341 / 7850 |
|
Cell number |
082 5626502 |
|
Current Fax Number |
021 5312692 |
|
Current Email Address |
Adverse Information for: CHRISTABEL BROWN
Judgement
|
Number of
Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Business Information for: CHRISTABEL BROWN
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
PHARMACEUTICAL ENTERPRISES (PTY)LTD |
1984/002391/07 |
In Business |
28 Years 4 Months |
0 |
No |
Previous Business Interests
|
Average Age of
Previous Business Interests |
35 Years 7 Months |
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
HORMOCOR LTD |
1968/006611/06 |
Deregistration Final |
44 Years 1 Months |
0 |
No |
|
ORMED LTD |
1971/012547/06 |
Deregistration Final |
40 Years 8 Months |
0 |
No |
|
G H AMCA (PTY)LTD |
1972/013870/07 |
Deregistration Final |
39 Years 7 Months |
0 |
No |
|
SUPRAMED LTD |
1973/004058/06 |
Deregistration Final |
39 Years 4 Months |
0 |
No |
|
PHARMACEUTICAL ENTERPRISES (PTY)LTD |
1984/002391/07 |
In Business |
28 Years 4 Months |
0 |
No |
|
LOVEC SECRETARIAL
SERVICES CC |
1990/023762/23 |
Deregistration Final |
22 Years |
0 |
No |
Deeds Information
Property Interests for: CHRISTABEL BROWN
|
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 5 of 5: RONALD BROWN
|
Surname |
BROWN |
|
First Name |
RONALD |
|
Other Names |
None |
|
Marital Status |
Unknown |
|
ID Number |
381115088005 |
|
Verified ID Number |
Yes |
|
Current Age |
74 |
|
Designation |
Managing
Director |
|
Status |
Active |
|
Appointment Date |
1984-12-03 |
|
Physical Address (at time of Appointment) |
24 PARKLANE UNIVERSITY DRIVE PINELANDS 7405 |
|
Postal Address |
PO Box 201 HOWARD PLACE 7450 |
|
Current Tel Number |
021 5311341 / 7850 |
|
Cell number |
082 5626502 |
|
Current Fax Number |
021 5312692 |
|
Current Email Address |
Adverse Information for: RONALD BROWN
Judgement
|
Number of
Judgements |
None |
Debt Review
|
Debt review |
None |
Other
|
Default data |
None |
Business Information for: RONALD BROWN
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
PHARMACEUTICAL ENTERPRISES (PTY)LTD |
1984/002391/07 |
In Business |
28 Years 4 Months |
0 |
No |
|
PHARMACEUTICAL ENTERPRISES MANUFACTURING
(PTY)LTD |
2009/022049/07 |
In Business |
2 Years 8 Months |
0 |
No |
Previous Business Interests
|
Average Age of
Previous Business Interests |
36 Years |
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
HORMOCOR LTD |
1968/006611/06 |
Deregistration Final |
44 Years 1 Months |
0 |
No |
|
ORMED LTD |
1971/012547/06 |
Deregistration Final |
40 Years 8 Months |
0 |
No |
|
G H AMCA (PTY)LTD |
1972/013870/07 |
Deregistration Final |
39 Years 7 Months |
0 |
No |
|
SUPRAMED LTD |
1973/004058/06 |
Deregistration Final |
39 Years 4 Months |
0 |
No |
|
PHARMACEUTICAL ENTERPRISES (HOLDINGS)
LTD |
1989/003593/06 |
Dissolved |
23 Years 1 Months |
0 |
No |
|
B AND B INVESTMENTS (PTY)LTD |
1984/002368/07 |
Deregistration Final |
28 Years 4 Months |
0 |
No |
Deeds Information
Property Interests for: RONALD BROWN
|
Title Deed No. |
None |
Erf/Site No. |
|
|
Deeds Office |
|
Physical Address |
|
|
Property Type |
|
Extent / Size |
|
|
Purchase Date |
|
Purchase price |
|
LTD%20-%20186706%2013-Jul-2012_files/image002.gif)
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.70 |
|
|
1 |
Rs.86.28 |
|
Euro |
1 |
Rs.68.15 |
INFORMATION DETAILS
|
Report Prepared
by : |
PRL |
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.