MIRA INFORM REPORT

 

 

Report Date :

12.06.2013

 

IDENTIFICATION DETAILS

 

Name :

PFIZER LABORATORIES (PTY)LTD

 

 

Registered Office :

85 Bute Lane, Sandton, 2146

 

 

Country :

South Africa

 

 

Date of Incorporation :

01.04.1954

 

 

Com. Reg. No.:

M1954/000781/07

 

 

Legal Form :

Private Company

 

 

Line of Business :

Manufacturer of pharmaceuticals, medicinal chemical & botanical products

 

 

No. of Employees :

Not Available 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

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 2013

 

Country Name

Previous Rating

(31.12.2012)

Current Rating

(31.03.2013)

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 and a stock exchange that is the 15th largest in the world. Even though the country possesses modern infrastructure that support a relatively efficient distribution of goods to major urban centers throughout the region, some components retard growth. The economy began to slow in the second half of 2007 due to an electricity crisis. 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. Subsequently, the global financial crisis reduced commodity prices and world demand. GDP fell nearly 2% in 2009 but has recovered since then. Unemployment, poverty, and inequality remain a challenge, with official unemployment at nearly 25% of the work force. State power supplier Eskom has built two new power stations and installed new power demand management programs to improve power grid reliability. South Africa's economic policy has focused on controlling inflation, however, the country has had significant budget deficits that restrict its ability to deal with pressing economic problems. The current government faces 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

PFIZER LABORATORIES (PTY)LTD

Country

South Africa

Subject Contact Person

YOLANDE LALLA - ACCOUNTS SUPERVISOR

Assessment

This is an established business.

 

On investigation contact was made with MRS. YOLANDE LALLA the accounts supervisor who requested a questionnaire to be sent to her.

 

On following up on the questionnaire MRS. LALLA stated she would require more time to complete the questionnaire.

 

We are still awaiting further information on the subject. Please see the available information on the subject below.

 

 

Company information

 

Registered Name

PFIZER LABORATORIES (PTY)LTD

Trading as/ Division Name

PFIZER LABORATORIES

Previous Name

None

Date of Name Change

None

Registration Number

M1954/000781/07

Registration Date

1954/04/01

Date Commenced Trading

1954-04-01

Age of Business

59 Years 2 Months

History of Business

The subject was established in 1954 and operations commenced immediately.

History of Principals

There are currently 4 active directors within the business.

Shareholders/Members/Partners of subject and % holding

Undisclosed

Authorised Share Capital

R0.00

Issued Share Capital/Members Contribution

R0.00

Status

In Business

Operations Assessment

PZIPHER is the world's largest research-based pharmaceutical company. The subject's vast product range covers a variety of sectors, including oncology, vaccines, cardiovascular, biological medicine, neuroscience, urology, anti-inflammatory, anti coagulation, anti-infectives, pain medication and ophthalmology.

Industry/ Customers

Pharmaceutical groups, hospital groups, media and government

Export

Yes

Import

Yes

Major Industry Code / SICC

33530

Definition of Code

Manufacture of pharmaceuticals, medicinal chemical & botanical products

Head Office Physical Address

85 BUTE LANE, SANDTON, 2146

Head Office Postal Address

P O BOX 783720, SANDTON, 2146

Current Tel Number

0860734937

Current Email Address

yolande.lalla@pfizer.com

Web Site Address

 www.pfizer.co.za

 

 

Auditors information

 

Company Registered Name

KPMG INC

Trading Name

KPMG

Registration Number

1999/021543/21

Physical Address

KPMG HOUSE, NORVIC DRIVE, GREENACRES, PORT ELIZABETH

Postal Address

P 0 BOX 1662, PORT ELIZABETH, 6000

Contact Person

NICO

Contact Number

0413951500

Email

Undisclosed

Principals

205

Judgements Against Subject

None On Record

Judgements Against Principals

None On Record

Subject Verified as Client

Yes

Practice Number

900133

VAT Number

4530188665

Tax Number

9559555843

BEE Status

Level 1

Financial Year End

June

No of years in Business

14 Years

Website

www.kpmg.co.za

 

Previous Auditors

Company Name

Phone Number

Time with previous auditors

Comment

AIKEN AND PAET

 

25 Years 9 Months

 

 

Tax information

 

Vat Number

4220105060

Status

ACTIVE

Vat Liable Date

1991/09/30

Tax Number

9470033847

Financial Year End

November

 

Black Economic Empowerment Information - No Information on Record

 

ISO Information - No Information on Record

Workman's compensation

 

Registered

Yes

Compliance Certified

Yes

 

 

Company Structure

 

Subsidiaries Information - No Information on Record

 

Employees Information - No Information on Record

 

Company Fleet Information - No Information on Record

 

Offices Information      - No Information on Record

 

Branch Information      - No Information on Record

 

 

Management Overview

 

Organisation Chart

Level

Position

Name

Comment

 

1

Director

AAAHANQWA KHUAAALO

 

 

1

Director

MATTHEW COLIN MOODLEY

 

 

1

Director

BRIAN RODERICK DANIEL

 

 

2

Human Resource Director

JOLETE WALTERS

 

 

Company Structure Information - No Information on Record

Note: One level up and all levels down

 

Key Deals - No Information on Record

 

Trade References Information - No Information on Record

 

 

 

 

Adverse Information on Subject

 

Judgements - No information on record

 

Business Rescue - 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

 

Property Interests for Company PFIZER LABORATORIES (PTY)LTD

 

Title Deed No.

T126740/2005

Erf/Site No.

 

Deeds Office

PRETORIA

Physical Address

1 ESTERHUYZEN SANDOWN SANDTON

Property Type

Freehold

Extent / Size

5594.0SQM

Purchase Date

2005/09/09

Purchase price

 

% Ownership

0.00

Bond Holder

NEDBANK LTD

Bond Number

B576692003

Bond Amount

 

Comment

 

 

Title Deed No.

T126740/2005

Erf/Site No.

 

Deeds Office

PRETORIA

Physical Address

85 BUTE SANDOWN SANDTON

Property Type

Freehold

Extent / Size

1.1014H

Purchase Date

2005/09/09

Purchase price

 

% Ownership

0.00

Bond Holder

NEDBANK LTD

Bond Number

B576692003

Bond Amount

 

 

Principals

 

Number of Principals

4

Average Age of Active Principals

46

 


Active Principals Principal - 1of 4 BRIAN DANIEL

Surname

DANIEL

First Name

BRIAN

Other Names

RODERICK

Marital Status

 

ID Number

5801270000000

Verified ID Number

No

Current Age

55 Years 5 Months

Designation

DIRECTOR

Status

Active

Appointment Date

2008/06/02

Physical Address (at time of Appointment)

10 ORIBI PLACE, RIVER CLUB, SANDTON, 2196

Postal Address

P 0 BOX 783720, SANDTON, 2146

Current Tel Number

0860734937

 

Principal's Adverse - No information on record

 

Business Information for BRIAN DANIEL

 

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

PFIZER

LABORATORIES (PTY) LTD

M1954/000781/07

In Business

59 Years 11 Months

0

No

 

PHARMACIA SOUTH AFRICA (PTY)LTD

M1958/000587/07

In Business

55 Years 7 Months

1

No

 

 

Principal Previous Business Interests

 

Average Age of Previous Business                                                        57 Years

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

FORT DODGE ANIMAL HEALTH (PTY)LTD

M1975/004716/07

Deregistration Final

38 Years 2 Months

0

No

 

WARNER-LAMBERT S A (PTY) LTD

M1931/003074/07

Deregistration Final

82 Years 10 Months

0

No

 

WILCOX SWEETS (PTY) LTD

M1980/002482/07

Deregistration Final

33 Years 9 Months

0

No

 

WYETH SOUTH AFRICA (PTY) LTD

M1937/009362/07

Deregistration Final

76 Years 4 Months

0

No

 

 

Principal's Deeds Information - No information on record

 

Principal - 2of 4 JOLETTE WALTERS

 

Surname

WALTERS

First Name

JOLETTE

Other Names

None

Marital Status

 

ID Number

6323090082000

Verified ID Number

No

Current Age

Unknown

Designation

HUMAN RESOURCE DIRECTOR

Status

Active

Appointment Date

 

Physical Address (at time of Appointment)

27 ALBACA AVENUE, WELTEVREDEN PARK, 1709

Postal Address

P 0 BOX 783720, SANDTON, 2146

Current Tel Number

0860734937

Cell number

 

Shareholding/Membership

0.00

 

Principal's Adverse - No information on record

 

Business Information for JOLETTE WALTERS

 

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

PFIZER

LABORATORIES (PTY) LTD

M1954/000781/07

In Business

59 Years 11 Months

0

No

 

 

Principal's Deeds Information - No information on record

 

Principal - 3of 4 MHANQWA KHUMALO

Surname

KHUMALO

First Name

MHANQWA

Other Names

None

Marital Status

Married

ID Number

7010315254088

Verified ID Number

Yes

Current Age

42 Years 8 Months

Designation

DIRECTOR

Status

Active

Appointment Date

2009/03/01

Physical Address (at time of Appointment)

19 KYALAMI VIEW, 1 CANDICAN ROAD, BARBEQUE DOWNS, MIDRAND, 1684

Postal Address

P 0 BOX 783720, SANDTON, SANDTON, 2146

Current Tel Number

0113206050

Cell number

0823079725

Shareholding/Membership

0.00

 

Principal's Adverse - No information on record

 

Business Information for MHANQWA KHUMALO

 

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

PFIZER

LABORATORIES (PTY) LTD

M1954/000781/07

In Business

59 Years 11 Months

0

No

 

PHARMACIA SOUTH AFRICA (PTY)LTD

M1958/000587/07

In Business

55 Years 7 Months

1

No

 

 

Principal Previous Business Interests

 

Average Age of Previous Business                                                                    32 Years

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

A2A KOPANO INC

M1998/014078/21

In Business

15 Years 3 Months

0

No

 

BDO SIMAMA INC

M2006/022096/21

Deregistration Final

7 Years 7 Months

0

No

 

FORT DODGE ANIMAL HEALTH (PTY)LTD

M1975/004716/07

Deregistration Final

38 Years 2 Months

0

No

 

SIMAMA MANAGEMENT CONSULTANTS (PTY) LTD

M2005/029393/07

Deregistration Final

8 Years 8 Months

2

No

 

WARNER-LAMBERT S A (PTY) LTD

M1931/003074/07

Deregistration Final

82 Years 10 Months

0

No

 

WYETH SOUTH AFRICA (PTY) LTD

M1937/009362/07

Deregistration Final

76 Years 4 Months

0

No

 

ZOETIS SOUTH AFRICA (PTY) LTD

K2012/001825/07

In Business

1 Years 1 Months

0

No

 

 

Principal's Deeds Information - No information on record

 

 

Principal - 4of 4 MATTHEW MOODLEY

 

Surname

MOODLEY

First Name

MATTHEW

Other Names

COLIN

Marital Status

Married

ID Number

7110145147088

Verified ID Number

Yes

Current Age

41 Years 8 Months

Designation

DIRECTOR

Status

Active

Appointment Date

2007/02/19

Physical Address (at time of Appointment)

PORTION 34, KROKODISPRUIT, CULLINAN, GAUTENG, 1000

Postal Address

PO BOX 830, DERDEPOORT, PRETORIA, GAUTENG, 0035

Current Tel Number

0113203060

Cell number

0737919505

Shareholding/Membership

0.00

 

Principal's Adverse - No information on record

 

Business Information for MATTHEW MOODLEY

 

Principal Current Business Interests

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

MVEST MEDIA (PTY) LTD

K2012/109101/07

In Business

1 Years 1 Months

0

No

 

MVEST PROPERTY (PTY) LTD

K2012/110489/07

In Business

1 Years 1 Months

0

No

 

MVEST

TECHNOLOGY (PTY) LTD

K2012/109116/07

In Business

1 Years 1 Months

0

No

 

PFIZER

LABORATORIES (PTY) LTD

M1954/000781/07

In Business

59 Years 11 Months

0

No

 

PHARMACIA SOUTH AFRICA (PTY)LTD

M1958/000587/07

In Business

55 Years 7 Months

1

No

 

ZOETIS SOUTH AFRICA (PTY)LTD

K2012/001825/07

In Business

1 Years 1 Months

0

No

 

 


Principal Previous Business Interests

 

Average Age of Previous Business                                            40 Years

 

Company Name

Registration No

Status

Age of Business

Judgements

Liquidation

Comment

DEVSUN PROPERTIES (PTY) LTD

M2007/012230/07

Deregistration Final

6 Years 6 Months

0

No

 

FORT DODGE ANIMAL HEALTH (PTY)LTD

M1975/004716/07

Deregistration Final

38 Years 2 Months

0

No

 

MAKWA HOLDINGS (PTY) LTD

M2008/017544/07

Deregistration Final

5 Years 5 Months

0

No

 

WARNER-LAMBERT S A (PTY) LTD

M1931/003074/07

Deregistration Final

82 Years 10 Months

0

No

 

WILCOX SWEETS (PTY) LTD

M1980/002482/07

Deregistration Final

33 Years 9 Months

0

No

 

WYETH SOUTH AFRICA (PTY) LTD

M1937/009362/07

Deregistration Final

76 Years 4 Months

0

No

 

 

Principal's Deeds Information - No information on record


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.58.93

UK Pound

1

Rs.91.81

Euro

1

Rs.78.18

 

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.