|
Report Date : |
03.11.2012 |
IDENTIFICATION DETAILS
|
Name : |
PHARMACO DISTRIBUTION (PTY) LTD |
|
|
|
|
Registered Office : |
3
Sandown, |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
05.06.1998 |
|
|
|
|
Com. Reg. No.: |
M1998/010783/07 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Wholesale
trade in pharmaceuticals, toiletries and medical equipment |
|
|
|
|
No. of Employees : |
45 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 |
|
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
South Africa |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
South Africa - ECONOMIC OVERVIEW
south Africa is a middle-income, emerging market with an abundant supply of natural resources; well-developed financial, legal, communications, energy, and transport sectors; a stock exchange that is the 18th largest in the world; and modern infrastructure supporting a relatively efficient distribution of goods to major urban centers throughout the region. Growth was robust from 2004 to 2007 as South Africa reaped the benefits of macroeconomic stability and a global commodities boom but began to slow in the second half of 2007 due to an electricity crisis and the subsequent global financial crisis' impact on commodity prices and demand. GDP fell nearly 2% in 2009 but recovered in 2010-11. Unemployment remains high and outdated infrastructure has constrained growth. State power supplier Eskom encountered problems with aging plants and meeting electricity demand necessitating "load-shedding" cuts in 2007 and 2008 to residents and businesses in the major cities. Daunting economic problems remain from the apartheid era - especially poverty, lack of economic empowerment among the disadvantaged groups, and a shortage of public transportation. South Africa''s economic policy is fiscally conservative focusing on controlling inflation and attaining a budget surplus. The current government largely follows these prudent policies but must contend with the impact of the global crisis and is facing growing pressure from special interest groups to use state-owned enterprises to deliver basic services to low-income areas and to increase job growth.
|
Source : CIA |
|
Subject Name |
PHARMACO
DISTRIBUTION (PTY) LTD |
|
Country |
South Africa |
|
Subject Contact
Person |
LORENZO AGUSTINO |
|
Assessment |
This is
a well-established family business. On investigation
contact was made with the business manager LORENZO AGUSTINO. The business has
been in operation for more than fourteen years. The
trade references provided are the subjects main local suppliers, no further
references were made available. No adverse information was revealed. A bank
code could not be obtained as the account number was declined by MR.
AGUSTINO.MR. AGUSTINO stated that the shares of the company were privately
owned, however further information was not provided. The
subject has moved from the address provided, in June 2012 - 3RD FLOOR-WEST
WING, STANDARD BANK BUILDING, 11 ALICE LANE, SANDTON, 2196. Please see the
information obtained below. |
|
Registered Name |
PHARMACO
DISTRIBUTION (PTY)LTD |
|
Trading as/
Division Name |
None |
|
Previous Name |
Unknown |
|
Date of Name
Change |
Jul 13 1998
12:00AM |
|
Registration
Number |
M1998/010783/07 |
|
Registration Date |
1998/06/05 |
|
Age of Business |
14 Years 4 Months |
|
History of
Business |
PHARMACO
DISTRIBUTION (PTY) LTD was registered in 1998. The
subject has a subsidiary in ABIDJAN and regional offices in YAOUNDE
(CAMEROON) and DAKAR (SENEGAL). UTI
PHARMA (PTY)LTD is a distributor of PHARMACO DISTRIBUTION (PTY)LTD products. |
|
History of Principals |
THOMAS
HIPPELE is the President at SCSA-SAC as well as director and founder of
MERCURIUS (PTY) LTD amongst others companies. ROBERTO
AGUSTONI is currently the treasurer at SCSA-SAC. |
|
Shareholders/Members/Partners
of subject and % holding |
According
to the spokesperson, the shares are privately held. |
|
Authorised Share
Capital |
R0.00 |
|
Issued Share
Capital/Members Contribution |
R0.00 |
|
Status |
In Business |
|
Operations
Assessment |
The concern
offers support to international pharmaceutical manufacturers in the
registration, distribution, marketing,warehousing and sales of products in
AfricaBrands include LOCACORTEN,MILKY
FEET,CLEARNAIL,KIWI,TRAVELAN,RICHELET amongst others. |
|
Industry/
Customers |
Pharmaceuticals
industry |
|
Export |
Yes |
|
Export Countries |
Cameroon |
|
Import |
Yes |
|
Major Industry
Code / SICC |
61394 |
|
Definition of
Code |
Wholesale
trade in pharmaceuticals, toiletries and medical equipment |
|
Head Office Physical
Address |
3
Sandown, Valley Crescent, South Tower, 1st Floor, Sandton, 2146 |
|
Head Office
Postal Address |
P
O BOX 786522, SANDTON, 2146 |
|
Current Tel
Number |
0117840077 |
|
Cell Number |
0782313010 |
|
Current Fax
Number |
0117846994 |
|
Current Email
Address |
|
|
Web Site Address |
|
|
Comments |
The
concern has moved from the address below in June 2012, 3RD FLOOR-WEST WING,
STANDARD BANK BUILDING, 11 ALICE LANE, SANDTON, 2196 |
|
Company
Registered Name |
JORDAAN
& CO |
|
Trading
Name |
Unavailable |
|
Registration
Number |
Unavailable |
|
Physical
Address |
Unavailable |
|
Postal
Address |
PO
BOX 90800, BERTSHAM, 2103 |
|
Contact
Person |
Unavailable |
|
Contact
Number |
Unavailable |
|
Email |
Unavailable |
|
Judgements
Against Subject |
Unknown |
|
Judgements
Against Principals |
Unknown |
|
Practice
Number |
003011577 |
|
No
of years in Business |
5 |
|
Comment |
No
further details were made available |
Previous
Auditors Information - No Information on Record
|
Vat
Number |
4570176976 |
|
Status |
ACTIVE |
|
Vat
Liable Date |
1998/08/31 |
|
Tax
Number |
9339422843 |
|
Financial
Year End |
December |
|
Black
Economic Empowerment |
|
|
Status |
Yes |
|
BEE
Certificate Available |
Yes |
|
ISO Status |
|
|
Type
of ISO Grade |
ISO
9001:2008 |
|
ISO
Certificate |
Yes |
|
ISO
Certificate Available |
No |
|
Comment |
MILKY
FOOT IS ISO CERTIFIED |
|
Workman's
compensation |
|
|
Registered |
Yes |
|
Compliance
Certified |
Yes |
Subsidiaries
|
Subsidiary
Company |
There are no
reported subsidiaries |
|||
|
Employees |
||||
|
Number of
Employees |
45 |
|||
|
1. Salaried
employees |
45 |
|||
|
Comment |
|
|||
|
Company
Fleet |
||||
|
Company Fleet |
No of vehicles: |
Owned/Leased |
Value |
Outstanding
Balance |
|
Comment |
There
are various vehicles registered in the name of the concern |
|||
|
Light delivery
Vehicles |
|
Owned |
|
|
|
Offices |
Offices |
|
Head
Office Owned/ Rented |
Leased |
|
Rental
Company |
ZENPROP |
|
Lease
Agreement |
ANNUAL
LEASE AGREEMENT |
|
Type
of Premises |
Office |
Branch Information - No Information on Record
Organisation
Chart
|
Level |
Position |
Name |
Comment |
|
|
|||
|
1 |
CEO |
ROBERTO
AGUSTONI |
|
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 |
UTI PHARMA |
0114582222 |
|
|
Against company policy to provide
trade references. |
|
2 |
Afrika Biopharma Manufacturing |
011 389 8000 |
|
|
|
|
3 |
DHL |
011 921 3600 |
|
|
Against company policy to provide
trade references. |
|
4 |
XPS |
011 961 3000 |
|
|
Against company |
|
|
|
|
|
|
policy to provide |
|
|
|
|
|
|
trade references |
Trade
References Detail
|
Nr |
Age of Acc |
Credit Limit |
Max Credit |
Terms |
Average
Purchases |
Terms
Taken |
Comment |
|
1 |
|
|
|
|
|
|
Against company policy to provide
trade references. |
|
2 |
3
months |
|
|
30
days |
|
30 days |
Account too new to comment |
|
3 |
|
|
|
|
|
|
Against company policy to provide
trade references |
|
4 |
|
|
|
|
|
|
Against company policy to provide
trade references. |
Judgements
|
Judgements |
NONE |
||||
|
Possible
Judgements |
NONE |
||||
|
Civil
Court |
NONE |
||||
|
RDs |
NONE |
||||
|
Comment |
No
Information on Record |
||||
|
Business
Rescue |
|||||
|
Date registered |
Business rescue
practitioner |
Contact
Information |
Details |
Comment |
|
|
|
NONE |
No Information on
Record |
No Information on Record |
No Information on
Record |
|
Default Listings
|
Date |
Details |
Comment |
|
|
NONE |
No Information on
Record |
Notarial Bonds
|
Date |
Details |
Comment |
|
|
NONE |
No Information on
Record |
|
Bank |
STANDARD BANK |
|
Branch |
Sandton City |
|
Brach Code |
018105 |
|
Bank Account
Number |
P |
|
Type of Account |
CHEQUE ACCOUNT |
|
Account Name |
PHARMACO
DISTRIBUTION (PTY)LTD |
|
Overdraft
Facilities |
The concern
enjoys an overdraft facility |
|
Bank Code |
P |
|
Bank Comment |
A Bank code could
not be obtained as the subject declined to provide a bank account number |
Bank Code
History - No Information on Record
Previous
Bank Account Information - No Information on Record
Deeds
Information - No information on record
Financial
estimates
|
Current Turnover
per annum |
R100000000.00 |
|
Comment |
The
spokesperson,Mr LORENZO AGUSTINO anticpates the same turnover for the current
financial year end |
|
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 |
|
Number of
Principals |
3 |
|
Average Age of
Active Principals |
52 |
|
Active
Principals Principal - 1of 3 THOMAS HIPPELE |
|
|
Surname |
HIPPELE |
|
First Name |
THOMAS |
|
Other Names |
None |
|
Marital Status |
Married |
|
ID Number |
6408315099183 |
|
Verified ID
Number |
Yes |
|
Current Age |
48 |
|
Status |
Active |
|
Appointment Date |
2007/01/01 |
|
Physical
Address (at time of Appointment) |
15 PLYMOUTH
STREET, WOODMEAD, KHYBER ROCK, 2128 |
|
Postal Address |
P O BOX 1553,
GALLOR MANOR, 2052 |
|
Current Tel
Number |
0116032480 |
|
Shareholding/Membership |
0.0000 |
Principal’s
adverse – no information on record
Business
Information for THOMAS HIPPELE
Principal
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
TELFREE COMMUNICATIONS
(PTY) LTD |
2004/000231/07 |
Deregistration
Process |
8 Years 8 Months |
0 |
No |
|
|
SWISSLAW
(PTY) LTD |
2007/005480/07 |
In Business |
5 Years 5 Months |
0 |
No |
|
|
SANDFORD
ESTATES (PTY)LTD |
M1991/006615/07 |
In Business |
21 Years 9 Months |
0 |
No |
|
|
PHARMACO
DISTRIBUTION (PTY) LTD |
M1998/010783/07 |
In Business |
14 Years 2 Months |
0 |
No |
|
|
MERCURIUS
(PTY) LTD |
M1999/018008/07 |
In Business |
13 Years 1 Months |
0 |
No |
|
|
MEADOW
STAR INVESTMENTS 28 (PTY) LTD |
M2002/003794/07 |
In Business |
10 Years 10
Months |
0 |
No |
|
|
TAVRIDA
ELECTRIC AFRICA (PTY)LTD |
M2003/007854/07 |
In Business |
9 Years 9 Months |
0 |
No |
|
|
NDAKA HOLDINGS
(PTY) LTD |
M2004/014562/07 |
In Business |
8 Years 8 Months |
0 |
No |
|
|
SEC-ITECH
(PTY) LTD |
M2005/020243/07 |
In Business |
7 Years 7 Months |
0 |
No |
|
|
SWISSCHAM
SOUTHERN AFRICA SOUTH AFRICA CHAPTER |
M2007/029035/08 |
In Business |
Unknown |
0 |
No |
|
|
WETROK (PTY)LTD |
M2008/023629/07 |
In Business |
4 Years 4 Months |
0 |
No |
|
|
BRAINFORCE
CONSULTING (PTY) LTD |
M2008/027303/07 |
In Business |
4 Years 4 Months |
0 |
No |
|
|
PHARMACO
PROMOTIONS (PTY) LTD |
M2008/028295/07 |
In Business |
4 Years 4 Months |
0 |
No |
|
|
LFV AVIATION INSURANCE BROKERS
(PTY)LTD |
M2009/018509/07 |
In Business |
3 Years 3 Months |
0 |
No |
|
Principal Previous Business Interests
Average age of previous business 9
years
|
Company
Name |
Registration
No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
ST
JAMES WEALTH MANAGEMENT TRUSTEES (PTY)LTD |
2003/031511/07 |
Deregistration
Final |
9 Years 9 Months |
0 |
No |
|
|
GARNET
DRAWER (PTY) LTD |
K2011/146394/07 |
In Business |
1 Years 1 Months |
0 |
No |
|
|
RUETLI
PROPERTIES (PTY) LTD |
M1969/018038/07 |
In Business |
43 Years 7 Months |
0 |
No |
|
|
TESSANA
(PTY)LTD |
M1999/015888/07 |
Deregistration
Final |
13 Years 1 Months |
0 |
No |
|
|
LAWSURE
LEGAL KNOWLEDGE BROKERS (PTY) LTD |
M2000/013418/07 |
Deregistration
Final |
|
0 |
No |
|
|
BDL
DRUM MOTORS (SA) (PTY)LTD |
M2001/015832/07 |
Deregistration
Final |
11 Years 11 Months |
0 |
No |
|
|
SOLAR
ANSWERS HOLDINGS (PTY)LTD |
M2003/011517/07 |
In Business |
9 Years 9 Months |
0 |
No |
|
|
ROYAL
ALBATROSS PROPERTIES 150 (PTY) LTD |
M2005/005212/07 |
Deregistration
Final |
7 Years 7 Months |
0 |
No |
|
|
CHAMPION'S
CHEESERY (PTY)LTD |
M2005/023953/07 |
Deregistration
Final |
7 Years 7 Months |
0 |
No |
|
|
MEGASUN
SOLAR (PTY) LTD |
M2008/017088/07 |
In Business |
4 Years 4 Months |
0 |
No |
|
|
INTEGRATED
PACKAGING SYSTEMS SOUTH AFRICA (PTY) LTD |
M2009/017792/07 |
In Business |
3 Years 3 Months |
0 |
No |
|
Principal's
Deeds Information - No information on record
Principal -
2of 3 BETTY AGUSTONI
|
Surname |
AGUSTONI |
|
First
Name |
BETTY |
|
Other Names |
Ol |
|
Marital Status |
Married |
|
ID Number |
5806270894186 |
|
Verified ID
Number |
Yes |
|
Current Age |
54 |
|
Designation |
BUSINESSWOMAN |
|
Status |
Active |
|
Appointment Date |
2002/04/30 |
|
Physical
Address (at time of Appointment) |
47 HARROW ROAD,
SANDHURST, 2106 |
|
Postal Address |
P O BOX 786522,
SANDTON, 2146 |
|
Shareholding/Membership |
0.0000 |
Principal’s
adverse – no information on record
Business
Information for BETTY AGUSTONI
Principal
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
PHARMACO
DISTRIBUTION (PTY) LTD |
M1998/010783/07 |
In Business |
14 Years 2 Months |
0 |
No |
|
|
STRATEGIC
TRADING (PTY)LTD |
M2002/013898/07 |
In Business |
10 Years 10
Months |
0 |
No |
|
|
PHARMACO
PROMOTIONS (PTY) LTD |
M2008/028295/07 |
In Business |
4 Years 4 Months |
0 |
No |
|
Principal's
Deeds Information - No information on record
|
Principal
- 3of 3 ROBERTO AGUSTONI |
|
|
Surname |
AGUSTONI |
|
First Name |
ROBERTO |
|
Other Names |
None |
|
Marital Status |
Married |
|
ID Number |
5707215831186 |
|
Verified ID
Number |
Yes |
|
Current Age |
55 |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
1998/06/27 |
|
Physical
Address (at time of Appointment) |
3 BUFFALO THORN,
FOURWAYS GARDENS, 0000 |
|
Postal Address |
P O BOX 256,
ISANDO, 1600 |
|
Current Tel
Number |
0117840077 |
|
Cell number |
0825671965 |
|
Shareholding/Membership |
0.0000 |
Principal’s
adverse – no information on record
Business
Information for ROBERTO AGUSTONI
Principal
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
PHARMACO
SERVICES AND MARKETING CC |
B1997/067474/23 |
In Business |
15 Years 3 Months |
0 |
No |
|
|
AFRICAN
BUSH INVESTMENTS CC |
B2007/104505/23 |
In Business |
5 Years 5 Months |
0 |
No |
|
|
PHARMACO
DISTRIBUTION (PTY) LTD |
M1998/010783/07 |
In Business |
14 Years 2 Months |
0 |
No |
|
|
NEW HORIZONS
HOLDING (PTY)LTD |
M1999/007553/07 |
Conversion
CO/CC or CC/CO |
13 Years 1 Months |
0 |
No |
|
|
PHARMACO HOME HEALTHCARE
SERVICES (PTY)LTD |
M1999/007554/07 |
In Business |
13 Years 1 Months |
0 |
No |
|
|
STRATEGIC TRADING (PTY)LTD |
M2002/013898/07 |
In Business |
10 Years 10
Months |
0 |
No |
|
|
SWISSCHAM
SOUTHERN AFRICA SOUTH AFRICA CHAPTER |
M2007/029035/08 |
In Business |
Unknown |
0 |
No |
|
|
PHARMACO
PROMOTIONS (PTY) LTD |
M2008/028295/07 |
In Business |
4 Years 4 Months |
0 |
No |
|
Principal's
Deeds Information - No information on record
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.66 |
|
UK Pound |
1 |
Rs.86.37 |
|
Euro |
1 |
Rs.69.24 |
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.