|
Report Date : |
05.11.2014 |
IDENTIFICATION DETAILS
|
Name : |
PHARMA-Q
(PTY)LTD |
|
|
|
|
Formerly Known As : |
COSI PHARMACEUTICALS |
|
|
|
|
Registered Office : |
50 Commando Road, Industria West, 2093, Private BAX X 09 Florida, 1710 |
|
|
|
|
Country : |
South Africa |
|
|
|
|
Date of Incorporation : |
1997/12/02 |
|
|
|
|
Com. Reg. No.: |
M1997/020825/07 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Wholesale trade in pharmaceuticals, toiletries and medical
equipment |
|
|
|
|
No of Employees : |
550 |
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 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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 16th largest in the world. Even though the country's
modern infrastructure supports a relatively efficient distribution of goods to
major urban centers throughout the region, unstable electricity supplies retard
growth. The global financial crisis reduced commodity prices and world demand.
GDP fell nearly 2% in 2009 but has recovered since then, albeit slowly with
2014 growth projected at about 2%. Unemployment, poverty, and inequality -
among the highest in the world - remain a challenge. Official unemployment is
at nearly 25% of the work force, and runs significantly higher among black
youth. Eskom, the state-run power company, has built two new power stations and
installed new power demand management programs to improve power grid
reliability. Construction delays at two additional plants, however, mean South
Africa is operating on a razor thin margin; economists judge that growth cannot
exceed 3% until those plants come on line. 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 |
PHARMA
Q (PTY) LTD |
|
Country |
South Africa |
|
Subject Contact Person |
QUENTIN DU PREEZ - Financial Manager |
|
Assessment |
This is a well-established business. On investigation contact
was made with the Financial Manager, QUENTIN DU PREEZ who assisted with the
required information. PHARMA Q (PTY) LTD has been operating for 16 years. The
company is meeting its commitments timeously with suppliers. No adverse
information was revealed. Please see the information obtained below. |
|
Registered Name |
PHARMA-Q
(PTY)LTD |
|
Trading as/ Division Name |
None |
|
Previous Name |
COSI PHARMACEUTICALS |
|
Date of Name Change |
|
|
Registration Number |
M1997/020825/07 |
|
Registration Date |
1997/12/02 |
|
Date Commenced Trading |
1998 |
|
Age of Business |
14 Years 8 Months |
|
History of Business |
PHARMA-Q (PTY)LTD was registered in 1997 and operations commenced
in 1998 under the name COSI PHARMACEUTICALS. In 2005 it underwent a name
change to the current name, PHARMA-Q (PTY)LTD. |
|
History of Principals |
There are 7 active
directors within the business. |
|
Shareholders/Members/Partners of subject and % holding |
THE ULTIMATE HOLDING COMPANIES OF PHARMA-Q HOLDINGS
(PTY)LTD REGISTRATION NUMBER (2001/008487/07) ARE: MICRO LABS LTD & THE
ALBASTI GROUP - 51% HOLISTIC REMEDIES (PTY)LTD -49%THE HOLDING COMPANY FOR PHARMA-Q
(PTY)LTD IS PHARMA-Q HOLDINGS (PTY)LTD WITH 100% SHAREHOLDING |
|
Authorised Share Capital |
|
|
Issued Share Capital/Members Contribution |
|
|
Status |
In Business |
|
Operations Assessment |
The company operates as a pharmaceutical contract manufacturing
company. Clients include the following: Adcock Ingram, Adcock Ingram Critical
Care (Pty)Ltd, Aspen Pharmacare, B Braun Medical South Africa, Bayer
Healthcare, Betabs Pharmaceuticals, Glenmark Pharmaceuticals (Pty) Ltd,
Innovata Pharmaceuticals, Mercury Pharma, Novartis South Africa (Pty) Ltd,
Pfizer Laboratories South Africa, Smith and Nephew (Pty) Ltd, Tiger Brands
Limited, Wildlife Pharmaceuticals amongst others. |
|
Industry/ Customers |
The pharamceutical
industry |
|
Export |
Yes |
|
Export Countries |
|
|
Import |
Yes |
|
Import Countries |
|
|
Major Industry Code / SICC |
61394 |
|
Definition of Code |
Wholesale trade in pharmaceuticals, toiletries and medical
equipment |
|
Head Office Physical Address |
50 COMMANDO ROAD, INDUSTRIA WEST, 2093 |
|
Head Office Postal Address |
PRIVATE BAX X 09FLORIDA, 1710 |
|
Current Tel Number |
0112471600 |
|
Cell Number |
|
|
Current Fax Number |
0114747420 |
|
Current Email Address |
info@pharmaq.co.za/qdupreez@pharmaq.co.za |
|
Web Site Address |
|
|
Comments |
The subject exports into neighboring African countries. |
|
Company Registered
Name |
DIASTOLEUS
PROFESSIO INC |
||||
|
Trading Name |
|
||||
|
Registration Number |
M2005/002168/21 |
||||
|
Physical Address |
301 ANTHONY STREET,
PRETORIA, GAUTENG |
||||
|
Postal Address |
SUITE 33, PRIVATE
BAG X2005, MENLYN, 0063 |
||||
|
Contact Person |
Unavaialble |
||||
|
Contact Number |
0129981514 |
||||
|
Email |
Unavailable |
||||
|
Principals |
1 |
||||
|
Judgements Against
Subject |
None On Record |
||||
|
Judgements Against
Principals |
None On Record |
||||
|
Subject Verified as
Client |
Yes |
||||
|
Practice Number |
901897 |
||||
|
VAT Number |
4580217596 |
||||
|
Tax Number |
9596415159 |
||||
|
BEE Status |
Unavailable |
||||
|
Financial Year End |
February |
||||
|
No of years in
Business |
9 Years 10 Months |
||||
|
Website |
None |
||||
|
Comment |
Alternative contact
number: 0129988776 |
||||
|
Previous Auditors |
|||||
|
Company Name |
Phone
Number |
Time with previous auditors |
Comment |
|
|
|
ENSLINS BATHLEHEM INCORPORATED |
058
3035675 |
5 |
|
|
|
|
Vat Number |
4460173364 |
|
Status |
ACTIVE |
|
Vat Liable Date |
1998/04/01 |
|
Tax Number |
9242279843 |
|
Tax Clearance Expire Date |
|
|
Financial Year End |
November |
|
Comment |
|
Black Economic Empowerment
|
|
|
Status |
Yes |
|
Score |
3.00 |
|
Expire Date |
|
|
BEE Certificate Available |
Yes |
|
Comment |
The latest BEE Certificate is not available. |
ISO Status
|
|
|
Type of ISO Grade |
None |
|
ISO Certificate |
No |
|
ISO Certificate Available |
No |
|
Certified by an Accredited Agent |
No |
|
Comment |
|
Workman's compensation
|
|
|
Registered |
Yes |
|
Compliance Certified |
Yes |
|
Comment |
|
Subsidiaries
|
Subsidiary Company |
None |
|||
|
Employees |
||||
|
Number of Employees |
550 |
|||
|
1. Salaried employees |
220 |
|||
|
2. Waged employees |
330 |
|||
|
3. Permanent employees |
220 |
|||
|
4. Casual employees |
330 |
|||
|
Company Fleet |
||||
|
Company Fleet |
No of vehicles: |
Owned/Leased |
Value |
Outstanding Balance |
|
Fleet Operations |
|
|
|
|
|
The Fleet is made up of |
4 |
|||
|
Comment |
|
|||
|
Light delivery Vehicles |
2 |
|
|
|
|
Cars |
2 |
|
|
|
Offices
|
Offices |
Offices |
|
Head Office Owned/
Rented |
Owned |
|
Owned by |
KIHUWI INVESTMENTS
(PTY) LTD |
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 Reference nr |
Supplier |
Contact |
Surety Value |
Notarial Bonds |
Comment |
|
1 |
DEMCO |
0118731735 |
|
|
|
|
2 |
UNIFIED PRINTERS |
011 6745356 |
R 0.00 |
0 |
|
|
3 |
AUTOMA MULTI-STYRENE |
011 9743524 |
|
|
|
Trade References
Detail
|
Nr |
Age of Acc |
Terms |
Average Purchases |
Terms Taken |
Comment |
|
1 |
+10
Years |
30 Days |
R1500000 |
30
Days |
There is no credit limit set in
place. This is a very good account. |
|
2 |
+15
Years |
30 Days |
R 50000 |
30
Days |
There is no credit limit set in
place. This is a very good account. |
|
3 |
+10
Years |
30 Days |
R 300000 |
30
Days |
This is a very good account. |
Judgements - No information on record
BusinessRescue - No Information on Record
Default Listing - No information on record
Notarial Bonds - No information on record
|
Bank |
NEDBANK |
|
Branch |
EAST RAND
COMMERCIAL |
|
Brach Code |
198765 |
|
Bank Account Number |
1288002882 |
|
Type of Account |
Cheque |
|
Account Name |
PHARMA-Q (PTY) LTD |
|
Overdraft
Facilities |
Yes, the subject
enjoys an overdraft facility of R15 million. |
|
Bank Code |
C |
|
Bank Comment |
The subject's bankers
consider them good for all normal business engagements. |
Bank Codes History
|
Date
requested |
Bank Code |
Enquiry Amount |
Number of RD's |
RD amount |
RD Date |
Bank Comments |
Years with bank |
Comment |
|
2012/02/20 |
C |
$ 1500000.00 |
|
|
|
|
|
The
subjects bankers consider them as equal to their normal business engagemen ts |
Previous Bank Account Information - No Information on Record
Deeds Information - No information on record
Financial Estimates
|
Current Turnover per month |
R 20000000.00 |
|
Current Turnover per annum |
R 240000000.00 |
|
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 |
8 |
|
Average Age of Active Principals |
56 |
|
Active Principals Active Principal -
1 of 7 SANJAY SIROYA |
|
|
Surname |
SIROYA |
|
First Name |
SANJAY |
|
Other Names |
BAKHTAWAR |
|
Marital Status |
|
|
ID Number |
6510080000000 |
|
Verified ID Number |
No |
|
Current Age |
47 Years |
|
Designation |
DIRECTOR |
|
Status |
Active |
|
Appointment Date |
2005/11/01 |
|
Physical Address (at time of Appointment) |
1101 KALPA VRIKSHA
APARTMNTS, 27 RISGE ROAD, MALABAR HILL, MUMBAI, 0000 |
|
Postal Address |
1101 KALPA VRIKSHA
APARTMNTS, 27 RISGE ROAD, MALABAR HILL, MUMBAI, 0000 |
|
Current Tel Number |
|
|
Cell number |
|
|
Shareholding/Membership |
0.0000 |
Principal's Adverse - No information on record
Business Information for SANJAY SIROYA
Principal's Current Business Interests - No information on record
Principal's Previous Business Interests - No information on record
Principal's Deeds Information - No information on record
Active Principal - 2 of 7
SURANA DILIP
|
Surname |
DILIP |
|
First Name |
SURANA |
|
Other Names |
|
|
Marital Status |
|
|
ID Number |
6601180000000 |
|
Verified ID Number |
No |
|
Current Age |
46 Years |
|
Designation |
DIRECTOR |
|
Status |
Active |
|
Appointment Date |
2005/11/01 |
|
Physical Address (at time of Appointment) |
40/3 FAIRFIELD LAYOUT, RACECOURSE ROAD, BANGALORE, INDIA,
OOOO |
|
Postal Address |
MICRO LABS, 3 QUEENS ROAD, BANGALORE, INDIA, OOOO |
|
Current Tel Number |
|
|
Cell number |
|
|
Shareholding/Membership |
0.0000 |
Principal's Adverse - No information on record
Business Information for SANJAY SIROYA
Principal's Current Business Interests - No information on record
Principal's Previous Business Interests - No information on record
Principal's Deeds Information - No information on record
Active Principal - 3 of 7
NIZAM KALLA
|
Surname |
KALLA |
|
First Name |
NIZAM |
|
Other Names |
|
|
Marital Status |
|
|
ID Number |
5507045049086 |
|
Verified ID Number |
Yes |
|
Current Age |
57 Years |
|
Designation |
DIRECTOR |
|
Status |
Active |
|
Appointment Date |
2005/11/01 |
|
Physical Address (at time of Appointment) |
232 JEWEL STREET, LAUDIUM, PRETORIA, 0157 |
|
Postal Address |
P O BOX 3504, PRETORIA, Gauteng, 0001 |
|
Current Tel Number |
0126740422 |
|
Cell number |
0824927860 |
|
Shareholding/Membership |
0.0000 |
Principal's Adverse - No information on record
Business Information for SANJAY SIROYA
Principal's Current Business Interests - No information on record
Principal's Previous Business Interests - No information on record
Principal's Deeds Information - No information on record
Active Principal - 4 of 7
DHEERAJMAL SIROYA
|
Surname |
SIROYA |
|
First Name |
DHEERAJMAL |
|
Other Names |
BASTIMAL |
|
Marital Status |
|
|
ID Number |
4103020000000 |
|
Verified ID Number |
No |
|
Current Age |
71 Years |
|
Designation |
DIRECTOR |
|
Status |
Active |
|
Appointment Date |
2005/11/01 |
|
Physical Address (at time of Appointment) |
150 MUMBADEUI ROAD, MIMBAI Y00002, 0000 |
|
Postal Address |
1101 GARDEN VIEW, 8 HARKNESS ROAD, NAPEANSEA ROAD, MUMBAI,
0000 |
|
Current Tel Number |
|
|
Cell number |
|
|
Shareholding/Membership |
0.0000 |
Principal's Adverse - No information on record
Business Information for SANJAY SIROYA
Principal's Current Business Interests - No information on record
Principal's Previous Business Interests - No information on record
Principal's Deeds Information - No information on record
Active Principal - 5 of 7
HAROON KALLA
|
Surname |
KALLA |
|
First Name |
HAROON |
|
Other Names |
|
|
Marital Status |
|
|
ID Number |
5707155086080 |
|
Verified ID Number |
Yes |
|
Current Age |
55 Years |
|
Designation |
DIRECTOR |
|
Status |
Active |
|
Appointment Date |
2005/11/01 |
|
Physical Address (at time of Appointment) |
16 MARIAM GARDENS, 80 SIMLA STREET, CLAUDIUS, 0037 |
|
Postal Address |
P O BOX 14210, LAUDIUM, 0037 |
|
Current Tel Number |
0126740536 |
|
Cell number |
0824927866 |
|
Shareholding/Membership |
0.0000 |
Principal's Adverse - No information on record
Business Information for SANJAY SIROYA
Principal's Current Business Interests - No information on record
Principal's Previous Business Interests - No information on record
Principal's Deeds Information - No information on record
Active Principal - 6 of 7
NAZIR KALLA
|
Surname |
KALLA |
|
First Name |
NAZIR |
|
Other Names |
|
|
Marital Status |
|
|
ID Number |
6401145018085 |
|
Verified ID Number |
Yes |
|
Current Age |
48 Years |
|
Designation |
DIRECTOR |
|
Status |
Active |
|
Appointment Date |
2005/11/01 |
|
Physical Address (at time of Appointment) |
14 ELLMAN STREET, SUNDERLAND RIDGE, 0157 |
|
Postal Address |
P.O. BOX 3504, PRETORIA, 0001 |
|
Current Tel Number |
|
|
Cell number |
|
|
Shareholding/Membership |
0.0000 |
Principal's Adverse - No information on record
Business Information for SANJAY SIROYA
Principal's Current Business Interests - No information on record
Principal's Previous Business Interests - No information on record
Principal's Deeds Information - No information on record
Active Principal - 7 of 7
ANTHONY LESCH
|
Surname |
LESCH |
|
First Name |
ANTHONY |
|
Other Names |
|
|
Marital Status |
|
|
ID Number |
5501145100089 |
|
Verified ID Number |
Yes |
|
Current Age |
57 Years |
|
Designation |
DIRECTOR |
|
Status |
Active |
|
Appointment Date |
2002/12/31 |
|
Physical Address (at time of Appointment) |
910 WEXFORD RD, WOODLANDS VALLEY, DAINFERN, 2055 |
|
Postal Address |
P O BOX 2518, FLORIDA, 2093 |
|
Current Tel Number |
0112471600 |
|
Cell number |
0826018352 |
|
Shareholding/Membership |
0.0000 |
Principal's Adverse - No information on record
Business Information for SANJAY SIROYA
Principal's Current Business Interests - No information on record
Principal's Previous Business Interests - No information on record
Principal's Deeds Information - No information on record
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.41 |
|
|
1 |
Rs.98.06 |
|
Euro |
1 |
Rs.76.67 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
SMN |
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.