|
Report Date : |
30.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
DEZZO TRADING 392 (PTY)LTD |
|
|
|
|
Registered Office : |
Corner Birch And Blue Gum Avenue, Anchorville, Lenasia, 1827 |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
30.01.2002 |
|
|
|
|
Com. Reg. No.: |
2002/001923/07 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
· Wholesalers and distributors of pharmaceutical products · Wholesale trader of pharmaceuticals, toiletries and medical equipment |
|
|
|
|
No. of Employees : |
25 |
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 – december 01, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
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 |
DEZZO TRADING 392 (PTY)LTD |
|
|
Country |
South Africa |
|
|
Subject Contact Person |
LIBERTY - Financial Manager |
|
|
Assessment |
On investigation contact was made with LIBERTY, the financial manager who assisted with most of the information. The subject is meeting commitments timeously with suppliers. A bank code C was obtained for
an enquiry amount of R 100 000 over a period of 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 |
2002-01-30 |
|
Age of Business |
12 Years |
|
History of Business |
The company commenced trading as a new company in 2002. |
|
History of Principals |
There are 2 active directors within the company. |
|
Shareholders/Members/Partners of subject and % holding |
50 % - BASHIR AHMED CARIM, 50 % - IMTAZ MOHAMED |
|
Authorised Share Capital |
R1000.00 |
|
Issued Share Capital/Members Contribution |
R 100.00 |
|
Status |
In Business |
|
Operations Assessment |
Wholesalers and distributors of
pharmaceutical products |
|
Industry/ Customers |
The medical industry |
|
Export |
Unknown |
|
Import |
Yes |
|
Major Industry Code / SICC |
61394 |
|
Definition of Code |
Wholesale trade in pharmaceuticals,
toiletries and medical equipment |
|
Head Office Physical Address |
CORNER BIRCH AND BLUE GUM AVENUE, ANCHORVILLE, LENASIA, 1827 |
|
Head Office Postal Address |
PO BOX 725, LOLLY, 1824 |
|
Current Tel Number |
0118572090 / 0123277754 |
|
Cell Number |
Unavailable |
|
Current Fax Number |
0118572092 |
|
Current Email Address |
|
|
Web Site Address |
|
Company Registered Name |
ASHRAF MOOSA |
|
Trading Name |
Unavailable |
|
Registration Number |
Unavailable |
|
Physical Address |
Unavailable |
|
Postal Address |
P O BOX 46210, BELLE OMBRE, PRETORIA, 0142 |
|
Contact Person |
ASHRAF |
|
Contact Number |
0127514866 |
|
Email |
Unavailable |
|
Judgements Against Subject |
Unavailable |
|
Judgements Against Principals |
Unavailable |
|
Subject Verified as Client |
Yes |
|
Practice Number |
09500 |
|
VAT Number |
Unavailable |
|
Tax Number |
Unavailable |
|
BEE Status |
Unavailable |
|
Financial Year End |
Unavailable |
|
No of years in Business |
3 Years 10 Months |
|
Website |
Unavailable |
Previous Auditors Information - No Information on Record
|
Vat Number |
4230198451 |
|
Status |
ACTIVE |
|
Vat Liable Date |
2002/04/01 |
|
Tax Number |
9065426141 |
|
Financial Year End |
February |
|
Status |
Yes |
|
Score |
3.00 |
|
BEE Certificate Available |
No |
|
Comment |
The subject could not provide a BEE certificate |
|
Type of ISO Grade |
Products imported are ISO graded |
|
Comment |
The subject could not confirm this information |
|
Registered |
Yes |
|
Compliance Certified |
Yes |
Subsidiaries
|
Subsidiary Company |
None |
|||
|
Comment |
The subject does not have any Subsidiary company's |
|||
|
Employees |
||||
|
Number of Employees |
25 |
|||
|
1. Salaried employees |
25 |
|||
|
2. Waged employees |
--- |
|||
|
3. Permanent employees |
25 |
|||
|
Company Fleet |
||||
|
Company Fleet |
No of vehicles: |
Owned/Leased |
Value |
Outstanding Balance |
|
Fleet Operations |
|
|
|
|
|
The Fleet is made up of |
3 |
|||
|
Comment |
|
|||
|
Cars |
2 |
Owned |
|
|
|
Trucks |
1 |
Leased |
|
|
|
Offices |
Offices |
|
Head Office Owned/ Rented |
Leased |
|
Rental Company |
DDZO PROPERTIES |
|
Owned by |
Unavailable |
|
Lease Agreement |
3 Years |
|
Type of Premises |
Offices and warehouse |
Branch Information - No Information on Record
Organisation Chart
|
Holding |
Company |
Sub |
Comment |
|
50 % - IMITIAZ MOHAMED |
DEZZO TRADING 392 (PTY) LTD |
|
|
|
50 % - BASHIR CARRIM |
DEZZO TRADING 392 (PTY) LTD |
|
|
Company Structure
(Ownership)
Note: One level up and all
levels down
|
Level |
Position |
Name |
Comment |
|
|
|||
|
1 |
Director |
BASHIR CARRIM |
The Subject has
a share of 50% of the business |
|
|
|||
|
2 |
Director |
IMTIAZ MOHAMED |
The Subject has
a share of 50% of the business |
Key deals signed
within the past 12 months.
|
Company |
Value |
Contact |
Comment |
|
ASCENDS GROUP |
|
|
The subject declined to provide any further information |
|
Trade Reference nr |
Supplier |
Contact |
Surety Value |
Notarial Bonds |
Comment |
|
1 |
R B Shipping |
0315643422 |
|
|
|
|
2 |
PARK AVENUE |
0116341800 |
|
|
|
|
3 |
ORIGN LOGISTICS |
0118235225 |
|
|
|
|
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 |
This is an
excellent account |
|
2 |
6 Years |
|
R12050 |
30 Days |
R 3000 |
30 Days |
This is a good
account. There is no credit limit set in place. |
|
3 |
1 Year |
|
R100000 |
30 Days |
R100000 |
30 Days |
The supplier
advised that this is an excellent account. No credit limit has been set in
place. |
Judgements - No information on record
Business Rescue - No Information on Record
Default Listing - No information on record
Notarial Bonds - 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 |
Unavailable |
|
Bank Code |
C - For R 100 000 |
|
Bank Comment |
The subject's bankers consider them good for all business normal
engagements |
Bank Code History -
No Information on Record
Previous Bank Account
Information - No Information on Record
Deeds Information -
No information on record
Comment The
Subject declined to provide the financial information
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 |
52 |
|
Active
Principals Principal - 1 of 2 BASHIR CARRIM |
|
|
Surname |
CARRIM |
|
First Name |
BASHIR |
|
ID Number |
5803075183055 |
|
Verified ID Number |
Yes |
|
Current Age |
55 Years 10 Months |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2010/03/05 |
|
Physical Address (at time of Appointment) |
267 3RD AVENUE, LAUDIUM, PRETORIA, GAUTENG, 0037 |
|
Postal Address |
267 3RD AVENUE, LAUDIUM, PRETORIA, GAUTENG, 0037 |
|
Current Tel Number |
0123061870 |
|
Cell number |
0746015408 |
|
Shareholding/Membership |
0.00 |
Principal's
Adverse - No information on record
Business Information
for BASHIR CARRIM
Principal Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
BUNKER HILLS INVESTMENTS 471 (PTY)LTD |
M2000/022600/07 |
In Business |
14 Years 2 Months |
0 |
No |
|
CITY MEDICAL WHOLESALERS CC |
B1993/018125/23 |
In Business |
21 Years 9 Months |
0 |
No |
|
DERMACHEM PHARMACEUTICAL S CC |
B1999/013940/23 |
In Business |
15 Years 3 Months |
0 |
No |
|
DEZZO TRADING 392 (PTY)LTD |
2002/001923/07 |
In Business |
0 |
0 |
No |
|
DURBAN PHARMACEUTICAL S CC |
B2002/046083/23 |
In Business |
0 |
0 |
No |
|
EAST RAND PHARMACEUTICAL S CC |
B2002/045659/23 |
Conversion CO/CC or CC/CO |
0 |
0 |
No |
|
EGOLI PHARMACEUTICAL S (PTY)LTD |
K2013/070009/07 |
In Business |
1 Years 1 Months |
0 |
No |
|
FERUM INVESTMENTS CC |
B1986/004312/23 |
In Business |
28 Years 4 Months |
0 |
No |
|
ISLAM FOR AFRICA |
M2007/021211/08 |
In Business |
7 Years 7 Months |
0 |
No |
|
JOHANNESBURG PHARMACEUTICAL S CC |
B2001/072166/23 |
In Business |
13 Years 1 Months |
1 |
No |
|
L Y D PROPERTIES CC |
2007/205757/23 |
In Business |
7 Years 7 Months |
0 |
No |
|
MAIN STREET PHARMACEUTICAL S CC |
B2003/095461/23 |
Deregistration Process |
11 Years 11 Months |
0 |
No |
|
MEDICINE DEVELOPERS INTERNATIONAL CC |
B1991/029398/23 |
Conversion CO/CC or CC/CO |
23 Years 11 Months |
0 |
No |
|
MGV COMMUNICATIONS CC |
B2007/148998/23 |
In Business |
7 Years 7 Months |
0 |
No |
|
MISTA-SURGE PHARMACEUTICAL WHOLESALERS (PTY)LTD |
M1989/000442/07 |
In Business |
25 Years 1 Months |
0 |
No |
|
MPUMALANGA PHARMACEUTICAL S CC |
B2002/045656/23 |
Deregistration Process |
0 |
0 |
No |
|
NELESCO 396 |
M2005/028487/08 |
In Business |
9 Years 9 Months |
0 |
No |
|
NEVERLAND PROPERTIES 64 CC |
B2006/220612/23 |
In Business |
8 Years 8 Months |
0 |
No |
|
NORTHERN PHARMACEUTICAL S CC |
B2001/074056/23 |
In Business |
13 Years 1 Months |
0 |
No |
|
PHARMACHEM PHARMACEUTICAL S (PTY)LTD |
M2006/033994/07 |
In Business |
8 Years 8 Months |
0 |
No |
|
PHARMADYNE HEALTHCARE (PTY)LTD |
M1962/002457/07 |
In Business |
52 Years 4 Months |
0 |
No |
|
S F L SOFTWARE (PTY)LTD |
M2008/011136/07 |
In Business |
6 Years 6 Months |
0 |
No |
|
SIYEZA FINE CHEM (PTY)LTD |
M2008/024524/07 |
In Business |
6 Years 6 Months |
0 |
No |
|
TUFS PROPERTY INVESTMENT CC |
B2003/104529/23 |
In Business |
11 Years 11 Months |
0 |
No |
|
WHITE WATTLE INVESTMENTS 15 CC |
B2004/052298/23 |
In Business |
10 Years 10 Months |
0 |
No |
Principal Previous Business Interests
Average Age of Previous Business 10 Years
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
|
EDGE PHARMACEUTICALS MARKETING CC |
B2004/068420/23 |
In Business |
10 Years 10 Months |
0 |
No |
|
RAMBRANDT PARK CC |
B1999/028349/23 |
Deregistration Final |
15 Years 3 Months |
0 |
No |
|
SILVER MOON INVESTMENTS 171 CC |
B2005/066725/23 |
In Business |
9 Years 9 Months |
0 |
No |
|
TRAVOURS SOUTH AFRICA CC |
B2003/030003/23 |
Deregistration Final |
11 Years 11 Months |
0 |
No |
|
TRIPLAN DEVELOPERS (CAPE) CC |
B2005/068834/23 |
In Business |
9 Years 9 Months |
0 |
No |
Principal - 2 of 2
IMTIAZ MOHAMED
|
Surname |
MOHAMED |
|
First Name |
IMTIAZ |
|
ID Number |
6608235224080 |
|
Verified ID Number |
Yes |
|
Current Age |
47 Years 5 Months |
|
Designation |
Director |
|
Status |
Active |
|
Appointment Date |
2010/03/05 |
|
Physical Address (at time of Appointment) |
341 LIESCHING STREET, ERASMIA, ERASMIA, GAUTENG, 0183 |
|
Postal Address |
341 LIESCHING STREET, ERASMIA, ERASMIA, GAUTENG, 0183 |
|
Current Tel Number |
0123701255 |
|
Cell number |
0824127468 |
|
Shareholding/Membership |
0.00 |
Principal's
Adverse - No information on record
Business Information
for IMTIAZ MOHAMED
Principal Current
Business Interests
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
CITY MEDICAL WHOLESALERS CC |
B1993/018125/23 |
In Business |
21 Years 9 Months |
0 |
No |
|
|
DAIRY MALL PHARMACY INSOLVENTE BOEDEL |
6608235224056 |
|
Unknown |
0 |
No |
|
|
DERMACHEM PHARMACEUTICAL S CC |
B1999/013940/23 |
In Business |
15 Years 3 Months |
0 |
No |
|
|
DEZZO TRADING 392 (PTY)LTD |
2002/001923/07 |
In Business |
0 |
0 |
No |
|
|
DURBAN PHARMACEUTICAL S CC |
B2002/046083/23 |
In Business |
0 |
0 |
No |
|
|
EAST RAND PHARMACEUTICAL S CC |
B2002/045659/23 |
Conversion CO/CC or CC/CO |
0 |
0 |
No |
|
|
EGOLI PHARMACEUTICAL S (PTY)LTD |
K2013/070009/07 |
In Business |
1 Years 1 Months |
0 |
No |
|
|
FERUM INVESTMENTS CC |
B1986/004312/23 |
In Business |
28 Years 4 Months |
0 |
No |
|
|
ISLAM FOR AFRICA |
M2007/021211/08 |
In Business |
7 Years 7 Months |
0 |
No |
|
|
JOHANNESBURG PHARMACEUTICAL S CC |
B2001/072166/23 |
In Business |
13 Years 1 Months |
1 |
No |
|
|
L Y D PROPERTIES CC |
2007/205757/23 |
In Business |
7 Years 7 Months |
0 |
No |
|
|
MARABA PHARMACEUTICAL CC |
B2003/072568/23 |
In Business |
11 Years 11 Months |
0 |
No |
|
|
MEDICINE DEVELOPERS INTERNATIONAL CC |
B1991/029398/23 |
Conversion CO/CC or CC/CO |
23 Years 11 Months |
0 |
No |
|
|
MGV COMMUNICATIONS CC |
B2007/148998/23 |
In Business |
7 Years 7 Months |
0 |
No |
|
|
MISTA-SURGE PHARMACEUTICAL WHOLESALERS (PTY)LTD |
M1989/000442/07 |
In Business |
25 Years 1 Months |
0 |
No |
|
|
MPUMALANGA PHARMACEUTICAL S CC |
B2002/045656/23 |
Deregistration Process |
0 |
0 |
No |
|
|
NEVERLAND PROPERTIES 64 CC |
B2006/220612/23 |
In Business |
8 Years 8 Months |
0 |
No |
|
|
NORTHERN PHARMACEUTICAL S CC |
B2001/074056/23 |
In Business |
13 Years 1 Months |
0 |
No |
|
|
PHARMA CHEM CC |
B2001/052702/23 |
Conversion CO/CC or CC/CO |
13 Years 1 Months |
0 |
No |
|
|
PHARMACHEM PHARMACEUTICAL S (PTY)LTD |
M2006/033994/07 |
In Business |
8 Years 8 Months |
0 |
No |
|
|
PHARMADYNE HEALTHCARE (PTY)LTD |
M1962/002457/07 |
In Business |
52 Years 4 Months |
0 |
No |
|
|
S F L SOFTWARE (PTY)LTD |
M2008/011136/07 |
In Business |
6 Years 6 Months |
0 |
No |
|
|
SIYEZA FINE CHEM (PTY)LTD |
M2008/024524/07 |
In Business |
6 Years 6 Months |
0 |
No |
|
|
TUFS PROPERTY INVESTMENT CC |
B2003/104529/23 |
In Business |
11 Years 11 Months |
0 |
No |
|
|
WHITE WATTLE INVESTMENTS 15 CC |
B2004/052298/23 |
In Business |
10 Years 10 Months |
0 |
No |
|
Principal Previous Business Interests
Average Age of Previous Business 10 Years
|
Company Name |
Registration No |
Status |
Age of Business |
Judgements |
Liquidation |
Comment |
|
EDGE PHARMACEUTICALS MARKETING CC |
B2004/068420/23 |
In Business |
10 Years 10 Months |
0 |
No |
|
|
RAMBRANDT PARK CC |
B1999/028349/23 |
Deregistration Final |
15 Years 3 Months |
0 |
No |
|
|
SILVER MOON INVESTMENTS 171 CC |
B2005/066725/23 |
In Business |
9 Years 9 Months |
0 |
No |
|
|
TRAVOURS SOUTH AFRICA CC |
B2003/030003/23 |
Deregistration Final |
11 Years 11 Months |
0 |
No |
|
|
TRIPLAN DEVELOPERS (CAPE) CC |
B2005/068834/23 |
In Business |
9 Years 9 Months |
0 |
No |
|
Principal Deeds
Information
Property Interests
for IMTIAZ MOHAMED
|
Title Deed No. |
T122945/2007 |
Erf/Site No. |
|
|
Deeds Office |
PRETORIA |
Physical Address |
MOOIPLAATS 355-JR CENTURION |
|
Property Type |
Freehold |
Extent / Size |
1206.0SQM |
|
Purchase Date |
2007/03/17 |
Purchase price |
|
|
% Ownership |
0.00 |
Bond Holder |
|
|
Bond Number |
VA6061987-T4520664 |
Bond Amount |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.20 |
|
UK Pound |
1 |
Rs.103.12 |
|
Euro |
1 |
Rs.84.96 |
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.