|
Report Date : |
10.01.2013 |
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 Limited Company |
|
|
|
|
Line of Business : |
Retail trade in
pharmaceutical medical cosmetics and toilet articles |
|
|
|
|
No. of Employees : |
15 |
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 Unemployment remains high and outdated infrastructure has constrained growth.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 |
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 |
|
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 0 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 0 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 |
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 |
Director |
BASH IR CARRIM |
|
|
|
|||
|
2 |
Director |
IMTIAZ MOHAMED |
|
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 |
|
|
Key Deals - No Information
on Record
|
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 ASSETS |
|
|
Stock |
|
|
Debtors |
|
|
FIXED ASSETS |
|
|
Plant, Equipment,
Vehicles |
|
|
Property |
|
|
CURRENT LIABILITIES |
|
|
Creditors |
|
|
Loans/ From? |
|
|
Loan Details |
|
|
LONG TERM LIABILITIES |
|
|
Morgage Bonds |
|
|
Previous Year Turnover |
|
|
Estimated Current Year
Turnover |
|
|
Current Turnover per
month |
|
|
Current Turnover per
annum |
R100000000.00 |
|
Comment |
|
|
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 |
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 |
|
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 |
|
|
KISMET PHARMACY |
5803075183055 |
|
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 |
|
|
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 |
|
|
MAIN STREET PHARMACEUTICALS CC |
B2003/095461/23 |
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 |
|
|
BUNKER HILLS INVESTMENTS
471 (PTY) LTD |
M2000/022600/07 |
In Business |
13 Years 1 Months |
0 |
No |
|
|
NELESCO 396 |
M2005/028487/08 |
In Business |
8 Years 8 Months |
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 |
|
Principal's Deeds
Information - No information on record
Principal Previous
Business Interests
Average Age of Previous
Business 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 orCC/CO |
15 Years 3 Months |
0 |
No |
|
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
forlMTIAZ 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
Principal Previous Business
Interests
Average
Age of Previous Business 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.54.96 |
|
UK Pound |
1 |
Rs.88.23 |
|
Euro |
1 |
Rs.71.92 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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.