|
Report Date : |
13.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
DUROMED CC |
|
|
|
|
Registered Office : |
2nd Floor Trenor House, 19 Gale Street, Durban, 4000 |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
02.08.1985 |
|
|
|
|
Reg. No.: |
1985/008595/23 |
|
|
|
|
Legal Form : |
Closed Corporation |
|
|
|
|
Line of Business : |
Manufacture of Surgical, medical and dental supplies |
|
|
|
|
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 : |
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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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.
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 |
DUROMED CC |
|
Country |
South Africa |
|
Subject Contact Person |
BEVERLY GAYNOR TALBOT - Member |
|
Assessment |
This is a
well-established business. On investigation we made contact with BEVERLY GAYNOR
TALBOT, the member of the business who requested the name of the principal
inquire before she may assist with the required information. Please see the
available information on the subject below. |
|
Registered Name |
DUROMED CC |
|
Trading as/ Division Name |
DUROMED |
|
Previous Name |
None |
|
Date of Name Change |
None |
|
Registration Number |
1985/008595/23 |
|
Registration Date |
1985/08/02 |
|
Date Commenced Trading |
1985-08-02 |
|
Age of Business |
28 Years 5 Months |
|
History of Business |
The subject commenced trading as a new business in 1985. |
|
History of Principals |
There are 6 active members within the business. |
|
Shareholders/Members/Partners of subject and % holding |
25 % - BEVERLY GAYNOR TALBOT, 21 % - NORMAN DORKIN, 19 % - FANA HENRY
MNGADI, 18 % - TILAK NESHANA, 12 % - ZAMOKWAKHE XHAKAZA, 5 % -GEOFFREY WYMER |
|
Status |
In Business |
|
Operations Assessment |
The subjects main operation is to supply medical and laboratory
equipment. |
|
Industry/ Customers |
Hospitals and surgical centres |
|
Export |
Unknown |
|
Import |
Unknown |
|
Major Industry Code / SICC |
37412 |
|
Definition of Code |
Manufacture of Surgical, medical and dental supplies |
|
Head Office Physical Address |
2nd FLOOR TRENOR HOUSE, 19 GALE STREET, DURBAN, 4000 |
|
Head Office Postal Address |
PO BOX 17297, CONGELLA, 4013 |
|
Current Tel Number |
0313053280 |
|
Cell Number |
Unavailable |
|
Current Fax Number |
0313059025 |
|
Current Email Address |
|
|
Web Site Address |
Unavailable |
|
Company Registered Name |
TSELENTIS AND COLLETT |
|
Trading Name |
None |
|
Registration Number |
Unavailable |
|
Physical Address |
UNIT 5, WINDSOR COURT, 4 DERBY PLACE, DERBY DOWNS, WESTVILLE, 3629 |
|
Postal Address |
PO BOX 1271, WESTVILLE, 3630 |
|
Contact Person |
TERESA COLLETT |
|
Contact Number |
0312669970 |
|
Email |
|
|
Principals |
4 |
|
Judgements Against Subject |
None On Record |
|
Judgements Against Principals |
None On Record |
|
Subject Verified as Client |
Yes |
|
Practice Number |
925012E |
|
VAT Number |
4380115552 |
|
Tax Number |
Unavailable |
|
BEE Status |
Unavailable |
|
Financial Year End |
February |
|
No of years in Business |
20 Years |
|
Website |
|
|
Comment |
|
Previous Auditors Information - No Information on Record
|
Vat Number |
4360102554 |
|
Status |
ACTIVE |
|
Vat Liable Date |
1991/09/30 |
|
Tax Number |
9078079200 |
|
Tax Clearance Expire Date |
|
|
Financial Year End |
June |
|
Comment |
|
Black Economic Empowerment Information - No Information on Record
ISO Information - No Information on Record
Work Mans Information - No Information on Record
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
Organisation Chart
|
Level |
Position |
Name |
Comment |
|
|
|||
|
1 |
Member |
BEVERLY GAYNOR TALBOT |
|
|
|
|||
|
1 |
Member |
NORMAN DORKIN |
|
|
|
|||
|
1 |
Member |
FANA HENRY MNGADI |
|
|
|
|||
|
1 |
Member |
TILAK NESHANA |
|
|
|
|||
|
1 |
Member |
ZAMOKWAKHE XHAKAZA |
|
|
|
|||
|
1 |
Member |
GEOFFREY WYMER |
|
Company Structure
(Ownership)
Note: One level up
and all levels down
|
Holding |
Company |
Sub |
Comment |
|
25 % - BEVERLY GAYNOR TALBOT |
DUROMED CC |
|
|
|
21 % - NORMAN DORKIN |
DUROMED CC |
|
|
|
19 % - FANA HENRY MNGADI |
DUROMED CC |
|
|
|
18 % - TILAK NESHANA |
DUROMED CC |
|
|
|
12 % - ZAMOKWAKHE XHAKAZA |
DUROMED CC |
|
|
|
5 % - GEOFFREY WYMER |
DUROMED CC |
|
|
Key Deals - No
Information on Record
Trade References Information - No Information on Record
Judgements - No
information on record
BusinessRescue - No
Information on Record
Default Listing - No
information on record
Notarial Bonds - No
information on record
|
Number of Principals |
7 |
|
Average Age of Active Principals |
45 |
|
Active Principals Principal - 1of 6 FANA MNGADI |
|
|
Surname |
MNGADI |
|
First Name |
FANA |
|
Other Names |
HENRY |
|
Marital Status |
|
|
ID Number |
6908265533081 |
|
Verified ID Number |
No |
|
Current Age |
44 Years 5 Months |
|
Designation |
Member |
|
Status |
Active |
|
Appointment Date |
2005/03/18 |
|
Physical Address (at time of Appointment) |
1063 DOCTOR KHANYILE, ST ULUNDI, 0000 |
|
Postal Address |
P.O BOX 8585, ULUNDI, 3838 |
|
Current Tel Number |
0313052280 |
|
Cell number |
0825636381 |
|
Shareholding/Membership |
19 % |
Business Information forFANA MNGADI
Principal Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
||||||
|
DUROMED CC |
B1985/008595/23 |
In Business |
29 Years 5 Months |
0 |
No |
|
||||||
|
FANAHEN CONSTRUCTION AND GENERAL SERVICES CC |
B2009/061090/23 |
AR Final Deregistration |
5 Years 5 Months |
0 |
No |
|
||||||
|
ISIVHUNO AGRICULTURAL |
C2009/006058/24 |
In Business |
5 Years 5 Months |
0 |
No |
|
||||||
|
ZIPHWEZINHLE
TRADING CC |
B2009/050542/23 |
AR Final Deregistration |
5 Years 5 Months |
0 |
No |
|
||||||
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
||||||
|
ITHEMBALETHU
TRADING CC |
B2004/011991/23 |
In Business |
10 Years 10
Months |
0 |
No |
|
||||||
Principal Previous
Previous Business
Average Age of 10 Years
Principal Deeds Information
Property
Interests forFANA MNGADI
|
Title Deed No. |
|
Erf/Site No. |
|
|
Deeds Office |
|
Physical Address |
|
|
Property Type |
|
Extent / Size |
|
|
Purchase Date |
|
Purchase price |
|
|
% Ownership |
|
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
|
|
Comment |
|
||
Principal - 2of 6
TILAK NESHANA
|
Surname |
NESHANA |
|
First Name |
TILAK |
|
Other Names |
|
|
Marital Status |
|
|
ID Number |
7611020051089 |
|
Verified ID Number |
Yes |
|
Current Age |
37 Years 2 Months |
|
Designation |
Member |
|
Status |
Active |
|
Appointment Date |
2005/03/18 |
|
Physical Address (at time of Appointment) |
30 BOWGREEN PLACE, GREENBURY, PHOENIX, 4068 |
|
Postal Address |
P 0 BOX 17297, CONGELLA, 4013 |
|
Current Tel Number |
0314019063 |
|
Cell number |
0837916063 |
|
Shareholding/Membership |
18 % |
Business Information forTILAK NESHANA
Principal Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
DUROMED CC |
B1985/008595/23 |
In Business |
29 Years 5
Months |
0 |
No |
|
Principal Previous Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
|
|
|
|
|
|
|
Average Age of Previous Business
Principal Deeds
Information
Property Interests
forTILAK NESHANA
|
Title Deed No. |
|
Erf/Site No. |
|
|
Deeds Office |
|
Physical Address |
|
|
Property Type |
|
Extent / Size |
|
|
Purchase Date |
|
Purchase price |
|
|
% Ownership |
|
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
|
|
Comment |
|
||
Principal - 3of 6
ZAMOKWAKHE XHAKAZA
|
Surname |
XHAKAZA |
|
First Name |
ZAMOKWAKHE |
|
Other Names |
|
|
Marital Status |
|
|
ID Number |
7405205357084 |
|
Verified ID Number |
Yes |
|
Current Age |
39 Years 8 Months |
|
Designation |
Member |
|
Status |
Active |
|
Appointment Date |
2005/03/18 |
|
Physical Address (at time of Appointment) |
HOUSE D 1071, UMLAZI, 4066 |
|
Postal Address |
HOUSE D 1071, UMLAZI, 4066 |
|
Current Tel Number |
0313053280 |
|
Cell number |
0761911403 |
|
Shareholding/Membership |
12 % |
Business Information
forZAMOKWAKHE XHAKAZA
Principal Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
DUROMED CC |
B1985/008595/23 |
In Business |
29 Years 5 Months |
0 |
No |
|
Principal Previous
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
|
|
|
|
|
|
|
Average Age of Previous Business
Principal Deeds
Information
Property Interests
forZAMOKWAKHE XHAKAZA
|
Title Deed No. |
|
Erf/Site No. |
|
|
Deeds Office |
|
Physical Address |
|
|
Property Type |
|
Extent / Size |
|
|
Purchase Date |
|
Purchase price |
|
|
% Ownership |
|
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
|
|
Comment |
|
||
Principal - 4of 6
NORMAN DORKIN
|
Surname |
DORKIN |
|
First Name |
NORMAN |
|
Other Names |
|
|
Marital Status |
|
|
ID Number |
7205215023084 |
|
Verified ID Number |
Yes |
|
Current Age |
41 Years 8 Months |
|
Designation |
Member |
|
Status |
Active |
|
Appointment Date |
2002/09/26 |
|
Physical Address (at time of Appointment) |
UNIT 63 CLIFTON MEWS, 51 ACUTTS DRIVE, HILLCREST, 3610 |
|
Postal Address |
P.O BOX 17297, CONGELLA, 4013 |
|
Current Tel Number |
0313053280 |
|
Cell number |
0825724647 |
|
Shareholding/Membership |
21 % |
Business Information
forNORMAN DORKIN
Principal Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
DUROMED CC |
B1985/008595/23 |
In Business |
29 Years 5 Months |
0 |
No |
|
Principal Previous
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
|
|
|
|
|
|
|
Average Age of
Previous Business
Principal Deeds
Information
Property Interests forNORMAN DORKIN
|
Title Deed No. |
ST26157/2012 |
Erf/Site No. |
723,0 |
|
Deeds Office |
PIETERMARITZBURG |
Physical Address |
97 FOREST PINETOWN NU HILLCREST |
|
Property Type |
Sectional Title |
Extent / Size |
291.0SQM |
|
Purchase Date |
2012/06/16 |
Purchase price |
|
|
% Ownership |
0.00 |
Bond Holder |
ABSA BANK LIMITED |
|
Bond Number |
SB146822012 |
Bond Amount |
|
|
Comment |
|
||
Principal - 5of 6
BEVERLY TALBOT
|
Surname |
TALBOT |
|
First Name |
BEVERLY |
|
Other Names |
GAYNOR |
|
Marital Status |
|
|
ID Number |
6605300033081 |
|
Verified ID Number |
Yes |
|
Current Age |
47 Years 8 Months |
|
Designation |
Member |
|
Status |
Active |
|
Appointment Date |
2002/09/26 |
|
Physical Address (at time of Appointment) |
56 AUDREY CRESCENT, CALEDON ESTATE, BALLITO, 4420 |
|
Postal Address |
P O BOX 17297, CONGELLA, 4013 |
|
Current Tel Number |
0313053280 |
|
Cell number |
0829900312 |
|
Shareholding/Membership |
25 % |
Business Information
forBEVERLY TALBOT
Principal Current Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
DUROMED CC |
B1985/008595/23 |
In Business |
29 Years 5 Months |
0 |
No |
|
Principal Previous
Business Interests
Average Age of
Previous Business
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
|
|
|
|
|
|
|
Principal Deeds
Information
Property Interests forBEVERLY TALBOT
|
Title Deed No. |
T42063/2011 |
Erf/Site No. |
|
|
Deeds Office |
PIETERMARITZBURG |
Physical Address |
4306 UNKNOWN
CALEDON ESTATE DOLPHIN COAST/BALLITO |
|
Property Type |
Freehold |
Extent / Size |
418.0SQM |
|
Purchase Date |
2011/03/23 |
Purchase price |
|
|
% Ownership |
0.00 |
Bond Holder |
FIRSTRAND BANK LTD |
|
Bond Number |
B278822011 |
Bond Amount |
|
|
Comment |
|
||
|
|
Property Interests forBEVERLY TALBOT |
|
|
|
Title Deed No. |
T9445/2008 |
Erf/Site No. |
|
|
Deeds Office |
BLOEMFONTEIN |
Physical Address |
331 ALCOCK ROSENDAL ROSENDAL |
|
Property Type |
Freehold |
Extent / Size |
2643.0SQM |
|
Purchase Date |
2004/08/30 |
Purchase price |
|
|
% Ownership |
0.00 |
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
|
|
Comment |
|
||
Principal - 6of 6
GEOFFREY WYMER
|
Surname |
WYMER |
|
First Name |
GEOFFREY |
|
Other Names |
|
|
Marital Status |
|
|
ID Number |
5503125173005 |
|
Verified ID Number |
Yes |
|
Current Age |
58 Years 1 Months |
|
Designation |
Member |
|
Status |
Active |
|
Appointment Date |
1987/11/06 |
|
Physical Address (at time of Appointment) |
NO 5 ANGAZI PARK, ANGAZI CLOSE,
ASSAGAY, 3610 |
|
Postal Address |
P 0 BOX 17297, CONGELLA, 4013 |
|
Current Tel Number |
0313053280 |
|
Cell number |
0832290612 |
|
Shareholding/Membership |
5 % |
Business Information
forGEOFFREY WYMER
Principal Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
DUROMED CC |
B1985/008595/23 |
In Business |
29 Years 5
Months |
0 |
No |
|
Average Age of Previous Business 23 Years
Principal Previous Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
CGA PROPERTY
INVESTORS CC |
B1991/028317/23 |
In Business |
23 Years 11
Months |
0 |
No |
|
Principal Deeds
Information
Property Interests
forGEOFFREY WYMER
|
Title Deed No. |
|
Erf/Site No. |
|
|
Deeds Office |
|
Physical Address |
|
|
Property Type |
|
Extent / Size |
|
|
Purchase Date |
|
Purchase price |
|
|
% Ownership |
|
Bond Holder |
|
|
Bond Number |
|
Bond Amount |
|
|
Comment |
|
||
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.94 |
|
|
1 |
Rs.102.06 |
|
Euro |
1 |
Rs.84.31 |
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.