|
Report Date : |
16.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
DEZZO TRADING 392 (PTY)LTD |
|
|
|
|
Registered Office : |
Corner of Birch Street and Bluegum Avenue, ANCHORVILLE, Lenasia |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
30.01.2002 |
|
|
|
|
Com. Reg. No.: |
2002/001923/07 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Retail
trade in pharmaceutical medical cosmetics and toilet articles |
|
|
|
|
No. of Employees : |
15 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
|
Without
Financials |
|
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 (31.03.2011) |
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 Unemployment remains high and outdated infrastructure has constrained growth.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 |
DEZZO TRADING 392
(PTY)LTD |
|
Country |
South Africa |
|
Subject Contact Person |
WASEEM - Administrator |
|
Assessment |
This is a well-established family business.
On investigation contact was made with WASEEM the administrator of the subject.
No adverse information was revealed during the investigation. The subject is
not a credit seeker locally, however it is meeting commitments timeously with
it's one supplier with a credit limit of R 3000 000 over 30 days. A bank code
C was obtained for an enquiry amount of R 100 000 over 30 days. Please see
the information obtained below. |
|
Registered Name |
DEZZO TRADING 392
(PTY)LTD |
|
Trading as/ Division Name |
INDO PHARMA |
|
Previous Name |
None |
|
Date of Name Change |
None |
|
Registration Number |
2002/001923/07 |
|
Registration Date |
2002/01/30 |
|
Date Commenced Trading |
2002 |
|
Age of Business |
11 Years |
|
History of Business |
DEZZO TRADING 392 (PTY)LTD
trading as INDO PHARMA was established as a new concern in 2002 |
|
History of Principals |
There are two active
directors |
|
Shareholders/Members/Partners
of subject and % holding |
50 % - I MOHAMED, 50 % -
B CARRIM |
|
Authorised Share Capital |
R1000.00 |
|
Issued Share
Capital/Members Contribution |
R 100.00 |
|
Status |
In Business |
|
Operations Assessment |
Importation and supply of
generic medicines to the S A Government |
|
Industry/ Customers |
Medical industry |
|
Export |
Unknown |
|
Export Countries |
|
|
Import |
Yes |
|
Import Countries |
India |
|
Major Industry Code /
SICC |
62310 |
|
Definition of Code |
Retail trade in pharmaceutical medical
cosmetics and toilet articles |
|
Head Office Physical
Address |
Corner of Birch Street and Bluegum Avenue,
ANCHORVILLE, Lenasia |
|
Head Office Postal
Address |
P O Box 725, LAWLEY, 1824 |
|
Current Tel Number |
0118572090 |
|
Cell Number |
0833336262 / 0727868292 |
|
Current Fax Number |
0118572092 |
|
Current Email Address |
|
|
Web Site Address |
None |
|
Comments |
|
|
Company Registered Name |
A MOOSA AND COMPANY |
|
Trading Name |
ASHRAF MOOSA 5510275135088 |
|
Registration Number |
Sole Proprietorship |
|
Physical Address |
1005 Saxby Avenue, Eldoraine, CENTURION,
Gauteng |
|
Postal Address |
P O Box 14298, LAUDIUM, 0037 |
|
Contact Person |
A MOOSA |
|
Contact Number |
0126580688 |
|
Email |
|
|
Principals |
1 |
|
Judgements Against Subject |
No information on file |
|
Judgements Against Principals |
No information on file |
|
Subject Verified as Client |
Yes |
|
Practice Number |
09500 |
|
VAT Number |
4880233194 |
|
Tax Number |
None |
|
BEE Status |
None |
|
Financial Year End |
February |
|
No of years in Business |
3 |
|
Website |
None |
|
Comment |
|
Previous
Auditors
|
Company
Name |
Phone Number |
Time
with previous auditors |
Comment |
|
MALHERBE
LOURENS |
|
Unknown |
|
|
ASHWIN
DAYA & ASSOCIATES |
|
5 |
|
|
Vat Number |
4230198451 |
|
Status |
ACTIVE |
|
Vat Liable Date |
2002/04/01 |
|
Tax Number |
9065426141 |
|
Tax Clearance Expire Date |
|
|
Financial Year End |
February |
|
Comment |
|
|
Black Economic Empowerment |
|
|
Status |
|
|
Score |
|
|
Expire Date |
|
|
BEE Certificate Available |
|
|
Comment |
Undisclosed |
|
ISO Status |
|
|
Type of ISO Grade |
Products imported are ISO graded |
|
ISO Certificate |
No |
|
ISO Certificate Available |
No |
|
Certified by an Accredited Agent |
|
|
Comment |
|
|
Workman's compensation |
|
|
Registered |
Yes |
|
Compliance Certified |
Yes |
|
Comment |
|
Subsidiaries
Information - No Information on Record
Employees
|
Number of Employees |
15 |
|||
|
1. Salaried employees |
15 |
|||
|
2. Waged employees |
|
|||
|
3. Permanent employees |
|
|||
|
4. Casual employees |
|
|||
|
5. Contracted employees |
|
|||
|
Comment |
|
|||
|
Company Fleet |
||||
|
Company Fleet |
No of vehicles: |
Ownerd/Leased |
Value |
Outstanding Balance |
|
Fleet Operations |
|
|||
|
The Fleet is made up of |
2 |
|||
|
Comment |
||||
|
Light delivery Vehicles |
1 |
Owned |
|
|
|
Trucks 1 Owned |
||||
Offices
|
Offices |
Offices |
|
Head Office Owned/ Rented |
Owned |
|
Rental Company |
|
|
Owned by |
|
|
Value |
|
|
Bond |
|
|
Bank |
|
|
Lease Agreement |
|
|
Lease Expire Date |
|
|
Type of Premises |
Offices and warehouse |
|
Comment |
|
Branch
Information - No Information on Record
Organisation
Chart
|
Level |
Position |
Name |
Comment |
1 I Director I BASHIR CARRIM
2 I Director I IMTIAZ MOHAMED
Key Deals
- No Information on Record
Company
Structure (Ownership)
Note: One
level up and all levels down
|
Holding |
Company |
Sub |
Comment |
|
50 % -
IMITIAZ MOHAMED |
DEZZO
TRADING 392 (PTY) LTD |
|
|
|
50 % - BASHIR
CARRIM |
DEZZO
TRADING 392 (PTY) LTD |
|
|
|
Trade
Reference nr |
Supplier |
Contact |
Surety
Value Notarial Bonds |
Comment |
|
1 |
R B
Shipping |
0315643422 |
|
|
Trade
References Detail
|
Nr |
Age of
Acc |
Credit Limit |
Max Credit |
Terms |
Average
Purchases |
Terms
Taken |
Comment |
|
1 |
10 years |
R
3000000.00 |
R1500000 |
30 days |
R
2500000 |
30 days |
Good
Account |
Adverse
Information on Subject
|
Judgements |
|
|
Judgements |
0 |
|
Possible
Judgements |
0 |
|
Civil
Court |
0 |
|
RDs |
0 |
|
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 |
ABSA |
|
Branch |
Lenasia |
|
Brach Code |
632005 |
|
Bank Account Number |
4055544338 |
|
Type of Account |
Cheque Account |
|
Account Name |
DEZZO TRADING 392 (PTY) LTD |
|
Overdraft Facilities |
Undisclosed |
|
Bank Code |
C |
|
Bank Comment |
The subject's bankers consider them good for
all business normal engagements |
Bank
Codes History
|
Date
requested |
Bank
Code |
Enquiry
Amount |
Number of RD's |
RD amount |
RD Date |
Bank Comments |
Years with bank |
Comment |
|
2002/05/29 |
C |
R100000.00 |
0 |
|
|
The subject's bankers consider them good for all business normal
engagements |
|
|
Previous
Bank Account Information - No Information on Record
Deeds
Information - No information on record
Financial Estimates
|
Current Turnover per
annum |
R100000000.00 |
|
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 |
2 |
|
Average Age of Active
Principals |
51 |
|
Active
Principals Principal - 1of 2 BASHIR CARRIM |
|
|
Surname |
CARRIM |
|
First Name |
BASHIR |
|
Other Names |
None |
|
Marital Status |
Married |
|
ID Number |
5803075183055 |
|
Verified ID Number |
Yes |
|
Current Age |
55 |
|
Designation |
BUSINESS MAN |
|
Status |
Active |
|
Appointment Date |
2010/03/05 |
|
Physical Address (at time
of Appointment) |
267 THIRD AVENUE,
CLAUDIUS X1, 0037 |
|
Postal Address |
267 THIRD AVENUE,
LAUDIUM, 0037 |
|
Current Tel Number |
0123061800 |
|
Cell number |
0833336262 |
|
Shareholding/Membership |
50 % |
Principal's Adverse - No
information on record
Business Information forBASHIR CARRIM
Principal
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
SIYEZA FINE CHEM (PTY)LTD |
M2008/024524/07 |
In Business |
5 Years 5 Months |
0 |
No |
|
|
S F L SOFTWARE (PTY)LTD |
M2008/011136/07 |
In Business |
5 Years 5 Months |
0 |
No |
|
|
ISLAM FOR AFRICA |
M2007/021211/08 |
In Business |
6 Years 6 Months |
0 |
No |
|
|
PHARMACHEM PHARMACEUTICALS (PTY)LTD |
M2006/033994/07 |
In Business |
7 Years 7 Months |
0 |
No |
|
|
NELESCO 396 |
M2005/028487/08 |
In Business |
8 Years 8 Months |
0 |
No |
|
|
BUNKER HILLS INVESTMENTS 471 (PTY)LTD |
M2000/022600/07 |
In Business |
13 Years 1 Months |
0 |
No |
|
|
MISTA-SURGE
PHARMACEUTICAL WHOLESALERS (PTY)LTD |
M1989/000442/07 |
In Business |
0 |
0 |
No |
|
|
PHARMADYNE HEALTHCARE (PTY)LTD |
M1962/002457/07 |
In Business |
51 Years 3 Months |
0 |
No |
|
|
EGOLI PHARMACEUTICALS CC |
B2008/257460/23 |
In Business |
5 Years 5 Months |
0 |
No |
|
|
NEVERLAND PROPERTIES 64 CC |
B2006/220612/23 |
In Business |
7 Years 7 Months |
0 |
No |
|
|
WHITE WATTLE INVESTMENTS
15 CC |
B2004/052298/23 |
In Business |
9 Years 9 Months |
0 |
No |
|
|
TUFS PROPERTY INVESTMENT
CC |
B2003/104529/23 |
In Business |
10 Years 10 Months |
0 |
No |
|
|
MAIN STREET PHARMACEUTICALS CC |
B2003/095461/23 |
In Business |
10 Years 10 Months |
0 |
No |
|
|
DURBAN PHARMACEUTICALS CC |
B2002/046083/23 |
In Business |
11 Years 11 Months |
0 |
No |
|
|
EAST RAND PHARMACEUTICALS CC |
B2002/045659/23 |
In Business |
11 Years 11 Months |
0 |
No |
|
|
MPUMALANGA PHARMACEUTICALS CC |
B2002/045656/23 |
In Business |
11 Years 11 Months |
0 |
No |
|
|
NORTHERN PHARMACEUTICALS CC |
B2001/074056/23 |
In Business |
0 |
0 |
No |
|
|
JOHANNESBURG PHARMACEUTICALS CC |
B2001/072166/23 |
In Business |
0 |
1 |
No |
|
|
DERMACHEM PHARMACEUTICALS CC |
B1999/013940/23 |
In Business |
14 Years 2 Months |
0 |
No |
|
|
CITY MEDICAL WHOLESALERS CC |
B1993/018125/23 |
In Business |
20 Years 8 Months |
0 |
No |
|
|
MEDICINE DEVELOPERS
INTERNATIONAL CC |
B1991/029398/23 |
In Business |
22 Years 10 Months |
0 |
No |
|
|
FERUM INVESTMENTS CC |
B1986/004312/23 |
In Business |
27 Years 3 Months |
0 |
No |
|
|
KISMET PHARMACY |
5803075183055 |
|
Unknown |
0 |
No |
|
|
L Y D PROPERTIES CC |
2007/205757/23 |
In Business |
6 Years 6 Months |
0 |
No |
|
|
DEZZO TRADING 392
(PTY)LTD |
2002/001923/07 |
In Business |
11 Years 11 Months |
0 |
No |
|
Principal's Deeds Information
- No information on record
Average Age of Previous Business I 11 Years
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
RAMBRANDT PARK CC |
B1999/028349/23 |
Deregistration Final |
14 Years 2 Months |
0 |
No |
|
|
TRAVOURS SOUTH AFRICA CC |
B2003/030003/23 |
Deregistration Final |
10 Years 10 Months |
0 |
No |
|
|
EDGE PHARMACEUTICALS MARKETING
CC |
B2004/068420/23 |
In Business |
9 Years 9 Months |
0 |
No |
|
|
SILVER MOON INVESTMENTS 171 CC |
B2005/066725/23 |
In Business |
8 Years 8 Months |
0 |
No |
|
|
TRIPLAN DEVELOPERS (CAPE)
(PTY)LTD |
M1998/010304/07 |
Conversion CO/CC or CC/CO |
15 Years 3 Months |
0 |
No |
|
Principal
Previous Business Interests
Principal
- 2of 2 IMTIAZ MOHAMED
|
Surname |
MOHAMED |
|
First Name |
IMTIAZ |
|
Other Names |
None |
|
Marital Status |
Married |
|
ID Number |
6608235224080 |
|
Verified ID Number |
Yes |
|
Current Age |
47 |
|
Designation |
BUSINESS MAN |
|
Status |
Active |
|
Appointment Date |
2010/03/05 |
|
Physical Address (at time
of Appointment) |
NO.341 LIESCHING STREET,
ERASMIA, 0183 |
|
Postal Address |
P O BOX 39383, BOOYSENS,
BOOYSENS, 2016 |
|
Current Tel Number |
0123701255 |
|
Cell number |
0824127468 |
|
Shareholding/Membership |
50 % |
Principal's Adverse - No
information on record
Business
Information forIMTIAZ MOHAMED
Principal
Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
DEZZO TRADING 392
(PTY)LTD |
2002/001923/07 |
In Business |
11 Years 11 Months |
0 |
No |
|
|
L Y D PROPERTIES CC |
2007/205757/23 |
In Business |
6 Years 6 Months |
0 |
No |
|
|
DAIRY MALL PHARMACY
INSOLVENTE BOEDEL |
6608235224056 |
|
Unknown |
0 |
No |
|
|
FERUM INVESTMENTS CC |
B1986/004312/23 |
In Business |
27 Years 3 Months |
0 |
No |
|
|
MEDICINE DEVELOPERS
INTERNATIONAL CC |
B1991/029398/23 |
In Business |
22 Years 10 Months |
0 |
No |
|
|
CITY MEDICAL WHOLESALERS CC |
B1993/018125/23 |
In Business |
20 Years 8 Months |
0 |
No |
|
|
DERMACHEM PHARMACEUTICALS CC |
B1999/013940/23 |
In Business |
14 Years 2 Months |
0 |
No |
|
|
PHARMA CHEM CC |
B2001/052702/23 |
Conversion CO/CC or CC/CO |
0 |
0 |
No |
|
|
JOHANNESBURG PHARMACEUTICALS CC |
B2001/072166/23 |
In Business |
0 |
1 |
No |
|
|
NORTHERN PHARMACEUTICALS CC |
B2001/074056/23 |
In Business |
0 |
0 |
No |
|
|
MPUMALANGA PHARMACEUTICALS CC |
B2002/045656/23 |
In Business |
11 Years 11 Months |
0 |
No |
|
|
EAST RAND PHARMACEUTICALS CC |
B2002/045659/23 |
In Business |
11 Years 11 Months |
0 |
No |
|
|
DURBAN PHARMACEUTICALS CC |
B2002/046083/23 |
In Business |
11 Years 11 Months |
0 |
No |
|
|
MARABA PHARMACEUTICAL CC |
B2003/072568/23 |
In Business |
10 Years 10 Months |
0 |
No |
|
|
TUFS PROPERTY INVESTMENT
CC |
B2003/104529/23 |
In Business |
10 Years 10 Months |
0 |
No |
|
|
WHITE WATTLE INVESTMENTS
15 CC |
B2004/052298/23 |
In Business |
9 Years 9 Months |
0 |
No |
|
|
NEVERLAND PROPERTIES 64 CC |
B2006/220612/23 |
In Business |
7 Years 7 Months |
0 |
No |
|
|
EGOLI PHARMACEUTICALS CC |
B2008/257460/23 |
In Business |
5 Years 5 Months |
0 |
No |
|
|
PHARMADYNE HEALTHCARE (PTY)LTD |
M1962/002457/07 |
In Business |
51 Years 3 Months |
0 |
No |
|
|
MISTA-SURGE
PHARMACEUTICAL WHOLESALERS (PTY)LTD |
M1989/000442/07 |
In Business |
0 |
0 |
No |
|
|
PHARMACHEM PHARMACEUTICALS (PTY)LTD |
M2006/033994/07 |
In Business |
7 Years 7 Months |
0 |
No |
|
|
ISLAM FOR AFRICA |
M2007/021211/08 |
In Business |
6 Years 6 Months |
0 |
No |
|
|
S F L SOFTWARE (PTY)LTD |
M2008/011136/07 |
In Business |
5 Years 5 Months |
0 |
No |
|
|
SIYEZA FINE CHEM (PTY)LTD |
M2008/024524/07 |
In Business |
5 Years 5 Months |
0 |
No |
|
|
AFRIKEM HOLDINGS (PTY)LTD |
M2011/010700/07 |
In Business |
2 Years 2 Months |
0 |
No |
|
Principal's
Deeds Information - No information on record
Average
Age of Previous Business I 11 Years
|
Company
Name |
Registration
No |
Status |
Age of
Business |
Judgements |
Liquidation |
Comment |
|
RAMBRANDT
PARK CC |
B1999/028349/23 |
Deregistration
Final |
14 Years
2 Months |
0 |
No |
|
|
TRAVOURS
SOUTH AFRICA CC |
B2003/030003/23 |
Deregistration
Final |
10 Years
10 Months |
0 |
No |
|
|
EDGE PHARMACEUTICALS
MARKETING CC |
B2004/068420/23 |
In
Business |
9 Years
9 Months |
0 |
No |
|
|
SILVER
MOON INVESTMENTS 171 CC |
B2005/066725/23 |
In
Business |
8 Years
8 Months |
0 |
No |
|
|
TRIPLAN
DEVELOPERS (CAPE) (PTY)LTD |
M1998/010304/07 |
Conversion
CO/CC or CC/CO |
15 Years
3 Months |
0 |
No |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.99 |
|
|
1 |
Rs.83.72 |
|
Euro |
1 |
Rs.72.08 |
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.