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Report No. : |
327108 |
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Report Date : |
22.06.2015 |
IDENTIFICATION DETAILS
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Name : |
EQUITY PHARMACEUTICALS (PTY) LTD |
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Registered Office : |
100 Sovereign Drive Route 21 Corporate Park
Nellmapius Irene Pretoria Gauteng |
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Country : |
South Africa |
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Date of Incorporation : |
26.06.1997 |
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Com. Reg. No.: |
1997/009942/07 |
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Legal Form : |
Private Company |
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Line of Business : |
Warehousing and distribution of pharmaceutical
products. |
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No. of Employee : |
23 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
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South Africa |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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 Africa’s largest and among the top 20 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. Economic growth has decelerated in recent years, slowing to just 1.5% in 2014. Unemployment, poverty, and inequality - among the highest in the world - remain a challenge. Official unemployment is roughly 25% of the work force, and runs significantly higher among black youth. Eskom, the state-run power company, is building three new power stations and is installing new power demand management programs to improve power grid reliability. Load shedding and resulting rolling blackouts gripped many parts of South Africa in late 2014 and early 2015 because of electricity supply constraints that resulted from technical problems at some generation units, unavoidable planned maintenance, and an accident at a power station in Mpumalanga province. The rolling black outs were the worst the country faced since 2008. Construction delays at two additional plants, however, mean South Africa will continue to operate on a razor thin margin; economists judge that growth cannot exceed 3% until electrical supply problems are resolved. South Africa's economic policy has focused on controlling inflation, however, the country faces structural constraints that also limit economic growth, such as skills shortages, declining global competitiveness and frequent work stoppages due to strike action. The current government faces growing pressure from urban constituencies to improve the delivery of basic services to low-income areas and to increase job growth.
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Source
: CIA |
EQUITY
PHARMACEUTICALS (PTY) LTD
PHYSICAL ADDRESS
100 Sovereign Drive
Route 21 Corporate Park
Nellmapius
IRENE
Pretoria
Gauteng
POSTAL ADDRESS
P O Box 60964
PIERRE VAN RYNEVELD
0045
TELEPHONE NUMBER
+27 12 345 1747
FAX NUMBER
+27 12 345 1412
100% EQUITY
PHARMA HOLDINGS (PTY) LTD.
(Registration Certificate Number: 2007/028921/07).
EQUITY DENTAL (PTY) LTD
EQUITY MEDICAL TECHNOLOGIES (PTY) LTD
EQUIPHARM SPECIALISED DISTRIBUTION (PTY) LTD
LAVENDER SKY INVESTMENTS 31 (PTY) LTD (Property
owning company)
The respondent stated to
have the above associate companies, however, the shareholding was not
disclosed.
R J ROOS ID
No. 6807315133084
J WILLEMSE ID
No. 6811105262087
ABSA BANK, Hillcrest Branch. The subject is under a cash management scheme
controlled by the holding company.
26 June 1997
Registration Certificate Number:1997/009942/07
EQUITY PHARMACEUTICALS CC was established in 1992,
(Registration Certificate Number: 1992/025430/23), and in 1997 converted to a
Private Company.
4650137096
9019004820
Not applicable
Warehousing and distribution of pharmaceutical
products.
The subject imports 95% of its supplies and only
deals with one local clearing agent.
Previously, we have divulged the names of the
major suppliers in our reports. We have
discontinued this practice to protect our valuable sources of trade
information. This has become necessary
because we now give a description of the goods or services to which the trade
references relate. This gives our client
the ability to assess whether the
purchases are vital to the subject’s operation and whether we have only been
given their essential suppliers that must be paid promptly for the subject to
maintain its operation.
The pharmacies and wholesalers.
South Africa
None
23,
having increased from 18 reported in 2013.
None
The premises are
reported to be owned by the associate property owning company.
Full financial information was not forthcoming
from respondents at the subject and outside authorities were unable to assist
in this regard.
MAZARS
MARCH
ACCOUNT HIGHEST AVERAGE TERMS PAYMENT
EXPERIENCE
OPENED CREDIT CREDIT PATTERN
1. 4 years Declined Declined 30 days 30
days Very Good
CURRENT TRADE REFERENCES
ACCOUNT HIGHEST AVERAGE TERMS PAYMENT
EXPERIENCE
OPENED CREDIT CREDIT PATTERN
€
1. 2010 R400 000 R100 000- 30 days 30
days Good
R350 000
(These descriptions
relate respectively by number to the above current trade transactions):
1.
Logistics
This is an established company meeting its
only local commitment timeously. In the
absence of key financial information and an established payment pattern
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.63.82 |
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1 |
Rs.101.26 |
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Euro |
1 |
Rs.72.36 |
INFORMATION DETAILS
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Analysis Done by
: |
RAS |
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Report Prepared
by : |
ANK |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
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.