|
Report Date : |
02.09.2013 |
IDENTIFICATION DETAILS
|
Name : |
GLAXOSMITHKLINE SOUTH AFRICA (PTY)LTD |
|
|
|
|
Registered Office : |
Flushing Meadows Building, The Campus, 57 Sloane Street,
Bryanston, 2021 |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
21.06.1948 |
|
|
|
|
Com. Reg. No.: |
M1948/030135/07 |
|
|
|
|
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 |
|
Maximum Credit Limit: |
$ 15000000.00 |
|
Status : |
Moderate |
|
Payment Behaviour : |
Unknown |
|
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 |
GLAXOSMITHKLINE SOUTH AFRICA (PTY)LTD |
|
Country |
South Africa |
|
Requested Credit Limit |
$ 15000000.00 |
|
Enquiry Terms |
COD |
|
Account Review |
Recommended Every 3 Months |
|
Subject Contact Person |
LIZELLE PETERSON - Financial Manager / SIMITRA NAIDOO - CREDIT MANAGER |
|
Assessment |
This is a well-established and well -connected business. On investigation contact was made with both LIZELLE PETERSON and SIMITRA NAIDOO who declined to assist with any information on the company. No adverse information was revealed during the investigation. Please see the available information on the subject below. |
|
Registered Name |
GLAXOSMITHKLINE SOUTH AFRICA (PTY)LTD |
|
Trading as/ Division Name |
GLAXO |
|
Previous Name |
Unavailable |
|
Date of Name Change |
2002-02-18 |
|
Registration Number |
M1948/030135/07 |
|
Registration Date |
1948/06/21 |
|
Date Commenced Trading |
1948-06-21 |
|
Age of Business |
65 Years 2 Months |
|
History of Business |
The subject commenced trading as a new company in 1948. It underwent a name change in 2002. |
|
History of Principals |
There are 9 active directors within the company. |
|
Shareholders/Members/Partners of subject and % holding |
Unavailable |
|
Authorised Share Capital |
R0.00 |
|
Issued Share Capital/Members Contribution |
R0.00 |
|
Status |
In Business |
|
Operations Assessment |
The subject researches, develops and manufactures a variety of medications for serious and chronic diseases. |
|
Industry/ Customers |
The pharmaceutical industry. |
|
Export |
Yes |
|
Import |
Yes |
|
Major Industry Code / SICC |
33530 |
|
Definition of Code |
Manufacture of pharmaceuticals, medicinal chemical & botanical products |
|
Head Office Physical Address |
FLUSHING MEADOWS BUILDING, THE CAMPUS, 57 SLOANE STREET, BRYANSTON, 2021 |
|
Head Office Postal Address |
PRIVATE BAG X 173, BRYANSTON, SOUTH AFRICA, 2021 |
|
Current Tel Number |
0117456000 |
|
Cell Number |
Unavailable |
|
Current Fax Number |
0117457000 |
|
Current Email Address |
Declined |
|
Web Site Address |
|
Company Registered Name |
PRICE WATERHOUSECOOPERS INC |
|
Trading Name |
PWC |
|
Registration Number |
M1998/012055/21 |
|
Physical Address |
2 EGLIN ROAD, SUNNINGHILL, 2157 |
|
Postal Address |
PRIVATE BAG X36, SUNNINGHILL, 2157 |
|
Contact Person |
Unavailable |
|
Contact Number |
0117974000 |
|
Email |
Declined |
|
Principals |
288 |
|
Judgements Against Subject |
None On Record |
|
Judgements Against Principals |
None On Record |
|
Subject Verified as Client |
Yes |
|
Practice Number |
901121E |
|
VAT Number |
4950174682 |
|
Tax Number |
9343032844 |
|
BEE Status |
Unavailable |
|
Financial Year End |
June |
|
No of years in Business |
15 Years 2 Months |
|
Website |
Previous Auditors
|
Company Name |
Phone Number |
Time with previous auditors |
Comment |
|
COOPERS AND LAYBRAND |
|
49 Years 7 Months |
|
|
Vat Number |
4040119663 |
|
Status |
ACTIVE |
|
Vat Liable Date |
1991/09/30 |
|
Tax Number |
9850158719 |
|
Financial Year End |
December |
Black Economic Empowerment
Information - No Information on Record
ISO Information -
No Information on Record
|
Registered |
Yes |
|
Compliance Certified |
Yes |
|
Comment |
|
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
Organisational Chart - No Information on Record
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
Business Rescue - No Information on Record
Judgements - 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
Property Interests for Company GLAXOSMITHKLINE SOUTH AFRICA (PTY)LTD
|
Title Deed No. |
T121737/2003 |
Erf/Site No. |
|
|
Deeds Office |
CAPE TOWN |
Physical Address |
11 HAWKINS EPPING INDUSTRIA 1 GOODWOOD |
|
Property Type |
Freehold |
Extent / Size |
1.7100H |
|
Purchase Date |
2002/08/06 |
Purchase price |
|
|
% Ownership |
0.00 |
Bond Holder |
|
|
Number of Principals |
9 |
|
Average Age of Active Principals |
46 |
|
Active
Principals Principal - 1of 9 RUI PEREIRA |
|
|
Surname |
PEREIRA |
|
First Name |
RUI |
|
Other Names |
None |
|
ID Number |
5707295217082 |
|
Verified ID Number |
Yes |
|
Current Age |
56 Years 1 Months |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2012/10/31 |
|
Physical Address (at time of Appointment) |
5 FERERO STREET, EDENGLEN, 1609 |
|
Postal Address |
PRIVATE BAG X173, BRYANSTON, BRYANSTON, 2021 |
|
Shareholding/Membership |
0.00 |
Principal's Adverse -
No information on record
Business Information for RUI PEREIRA
Principal Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
GLAXOSMITHKLINE SOUTH AFRICA (PTY) LTD |
M1948/030135/07 |
In Business |
65 Years 5 Months |
0 |
No |
|
Principal Previous Business Interests
Average Age of Previous Business 6 Years
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
ATECH SOUTH AFRICA (PTY) LTD |
M2004/007051/07 |
Deregistration Final |
9 Years 9 Months |
0 |
No |
|
|
ECOMMUNICATION DIGITAL SOLUTIONS (PTY) LTD |
M2002/009511 /07 |
Deregistration Final |
11 Years 11 Months |
0 |
No |
|
|
R AND G COMPUTER SYSTEMS CC |
B1989/028907/23 |
Deregistration Final |
|
0 |
No |
|
Principal's Deeds
Information - No information on record
Principal - 2of 9
JOANNE Mooney
|
Surname |
Mooney |
|
First Name |
JOANNE |
|
Other Names |
None |
|
Marital Status |
|
|
ID Number |
6807230021083 |
|
Verified ID Number |
Yes |
|
Current Age |
45 Years 1 Months |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2012/10/31 |
|
Physical Address (at time of Appointment) |
13/226 BLACK EAGLE AVENUE, CEDAR LAKE ESTATE, CEDAR ROAD, FOURWAYS,
2191 |
|
Postal Address |
PRIVATE BAG X173, BRYANSTON, BRYANSTON, 2021 |
|
Current Tel Number |
0113136205 |
|
Cell number |
0764311945 |
|
Shareholding/Membership |
0.00 |
Principal's Adverse -
No information on record
Business Information
for JOANNE Mooney
Principal Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
GLAXOSMITHKLINE SOUTH AFRICA (PTY) LTD |
M1948/030135/07 |
In Business |
65 Years 5 Months |
0 |
No |
|
Principal's Deeds
Information - No information on record
|
Principal - 3of
9 MICHAEL WILLISON |
|
|
Surname |
WILLISON |
|
First Name |
MICHAEL |
|
Other Names |
None |
|
Marital Status |
|
|
ID Number |
5906265194186 |
|
Verified ID Number |
Yes |
|
Current Age |
54 Years 2 Months |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2011/12/01 |
|
Physical Address (at time of Appointment) |
3 MORGENSON, SLEIGH CRESCENT, SOMERSET WEST, 7130 |
|
Postal Address |
PRIVATE BAG X173, BRYANSTON, BRYANSTON, 2021 |
|
Current Tel Number |
0215076010 |
|
Cell number |
0768116941 |
|
Shareholding/Membership |
0.00 |
Principal's Adverse -
No information on record
Business Information
for MICHAEL WILLISON
Principal Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
GLAXOSMITHKLINE SOUTH AFRICA (PTY) LTD |
M1948/030135/07 |
In Business |
65 Years 5 Months |
0 |
No |
|
Principal's Deeds
Information - No information on record
|
Principal - 4of 9
DAVID THOMAS |
|
|
Surname |
THOMAS |
|
First Name |
DAVID |
|
Other Names |
None |
|
Marital Status |
|
|
ID Number |
6607095101081 |
|
Verified ID Number |
Yes |
|
Current Age |
47 Years 1 Months |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2011/04/01 |
|
Physical Address (at time of Appointment) |
99 6TH AVENUE, PARKTOWN NORTH, 2193 |
|
Postal Address |
PRIVATE BAG X173, BRYANSTON, BRYANSTON, 2021 |
|
Current Tel Number |
0117456304 |
|
Cell number |
0788944874 |
|
Shareholding/Membership |
0.00 |
Principal's Adverse -
No information on record
Business Information
for DAVID THOMAS
Principal Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
GLAXOSMITHKLINE SOUTH AFRICA (PTY) LTD |
M1948/030135/07 |
In Business |
65 Years 5 Months |
0 |
No |
|
Principal Previous Business Interests
Average Age of Previous Business 44 Years
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
W JORDAN BRUSHWARE (PTY)LTD |
M1969/015421/07 |
Dissolved |
44 Years 8 Months |
0 |
No |
|
Principal's Deeds
Information - No information on record
Principal - 5of 9
JUSTIN KORTE
|
Surname |
KORTE |
|
First Name |
JUSTIN |
|
Other Names |
None |
|
Marital Status |
|
|
ID Number |
7502195246085 |
|
Verified ID Number |
Yes |
|
Current Age |
38 Years 6 Months |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2010/12/01 |
|
Physical Address (at time of Appointment) |
52 THE WOODLANDS, CAMBELL STREET, CRAIGAVON, 2021 |
|
Postal Address |
PO BOX 3183, NORTHRIDING, 2162 |
|
Current Tel Number |
0126431188 |
|
Cell number |
0823781976 |
|
Shareholding/Membership |
0.00 |
Principal's Adverse -
No information on record
Business Information for JUSTIN KORTE
Principal Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
GLAXOSMITHKLINE SOUTH AFRICA (PTY) LTD |
M1948/030135/07 |
In Business |
65 Years 5 Months |
0 |
No |
|
Principal's Deeds Information
- No information on record
|
Principal - 6of
9 DAVIES GICHUHI |
|
|
Surname |
GICHUHI |
|
First Name |
DAVIES |
|
Other Names |
None |
|
Marital Status |
|
|
ID Number |
B001301 |
|
Verified ID Number |
No |
|
Current Age |
46 Years 5 Months |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2010/04/01 |
|
Physical Address (at time of Appointment) |
THE LITTLE TUSCANY GUESTHOUSE, 48 QUEESN ROAD, BRYANSTON, 2021 |
|
Postal Address |
PRIVATE BAG X173, BRYANSTON, 2021 |
|
Current Tel Number |
|
|
Cell number |
0836051013 |
|
Shareholding/Membership |
0.00 |
Principal's Adverse -
No information on record
Business Information for DAVIES GICHUHI
Principal Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
GLAXOSMITHKLINE SOUTH AFRICA (PTY) LTD |
M1948/030135/07 |
In Business |
65 Years 5 Months |
0 |
No |
|
Principal's Deeds
Information - No information on record
|
Principal - 7of 9
SIBONGILE MAHANJANA |
|
|
Surname |
MAHANJANA |
|
First Name |
SIBONGILE |
|
Other Names |
KUBHEKA |
|
Marital Status |
|
|
ID Number |
7504080582087 |
|
Verified ID Number |
Yes |
|
Current Age |
38 Years 4 Months |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2009/12/01 |
|
Physical Address (at time of Appointment) |
23 KESTREL AVENUE, FOURWAYS, 2024 |
|
Postal Address |
PRIVATE BAG X173, BRYANSTON, 2021 |
|
Current Tel Number |
0115139300 |
|
Cell number |
0823631388 |
|
Shareholding/Membership |
0.00 |
Principal's Adverse -
No information on record
Business Information
for SIBONGILE MAHANJANA
Principal Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
GLAXOSMITHKLINE SOUTH AFRICA (PTY) LTD |
M1948/030135/07 |
In Business |
65 Years 5 Months |
0 |
No |
|
Principal's Deeds
Information - No information on record
|
Principal - 8of
9 MANDISA MAHOLWANA |
|
|
Surname |
MAHOLWANA |
|
First Name |
MANDISA |
|
Other Names |
|
|
Marital Status |
|
|
ID Number |
7205120381080 |
|
Verified ID Number |
Yes |
|
Current Age |
41 Years 3 Months |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2008/10/06 |
|
Physical Address (at time of Appointment) |
2936MELANI STREET, DOBSONVILLE, 1863 |
|
Postal Address |
2936MELANI STREET, DOBSONVILLE, 1863 |
|
Current Tel Number |
|
|
Cell number |
|
|
Shareholding/Membership |
0.00 |
Principal's Adverse -
No information on record
Business Information
for MANDISA MAHOLWANA
Principal Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
GLAXOSMITHKLINE SOUTH AFRICA (PTY) LTD |
M1948/030135/07 |
In Business |
65 Years 5 Months |
0 |
No |
|
Principal Previous Business Interests
Average Age of
Previous Business 14
Years
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
MANDISA-KAGISO INVESTMENTS (PTY) LTD |
M1997/021326/07 |
Deregistration Final |
16 Years 4 Months |
0 |
No |
|
|
WATCHTOWER HOLDINGS 36 CC |
B2000/024224/23 |
In Business |
13 Years 1 Months |
0 |
No |
|
Principal's Deeds
Information - No information on record
Principal - 9of 9
M DROGEMOLLER
|
Surname |
DROGEMOLLER |
|
First Name |
M |
|
Other Names |
L |
|
Marital Status |
|
|
ID Number |
5908310010003 |
|
Verified ID Number |
Yes |
|
Current Age |
54 Years |
|
Designation |
Managing Director |
|
Status |
Active |
|
Appointment Date |
2002/12/01 |
|
Physical Address (at time of Appointment) |
21 RINO RIDGE, ALETHEA STREET, LYTTELTON, 0157 |
|
Postal Address |
P 0 BOX 3388, HALFWAY HOUSE,
MIDRAND, 1685 |
|
Current Tel Number |
0113136033 |
|
Cell number |
0764024873 |
|
Shareholding/Membership |
0.00 |
Principal's Adverse -
No information on record
Business Information
for M DROGEMOLLER
Principal Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
GLAXOSMITHKLINE SOUTH AFRICA (PTY) LTD |
M1948/030135/07 |
In Business |
65 Years 5 Months |
0 |
No |
|
Principal Previous
Business Interests
Average Age of
Previous Business 30
Years
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
GROUP LABORATORIES SOUTH AFRICA (PTY)LTD |
M1941/015011/07 |
In Business |
|
0 |
No |
|
|
TAMILA INVESTMENTS (PTY) LTD |
M1952/001213/07 |
Deregistration Final |
61 Years 1 Months |
0 |
No |
|
Principal's Deeds Information
- No information on record
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.57 |
|
UK Pound |
1 |
Rs.103.34 |
|
Euro |
1 |
Rs.88.16 |
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.