MIRA INFORM REPORT

 

 

Report Date :

9th November, 2006

 

IDENTIFICATION DETAILS

 

Name :

LABORATORIES IPHARMA SA

 

 

Registered Office :

Km 4 Ancienne Route de L'Aviation, Tanger

 

 

Country :

Morocco

 

 

Date of Incorporation :

28.01.2000

 

 

Com. Reg. No.:

15555

 

 

Legal Form :

Societe Anonyme

 

 

Line of Business :

Manufacture of pharmaceutical preparations

 

RATING & COMMENTS

 

MIRA’s Rating :

NR (No Rating)

 

RATING

STATUS

PROPOSED CREDIT LINE

NR

In view of the lack of information, we have no basis upon which to recommend credit dealings

No Rating

 

Status :

Undetermined

 

 

Payment Behaviour :

--

 

 

Litigation :

--

 

 


 

 

Registration Briefing

 

Registration Number       : 15555

 

Registration Date           : 28/01/2000

 

Legal Form                    :SOCIETE ANONYME

 

Latest Financials           : N/A

 

 

Financial Briefing

 

Nominal Capital             : 35,000,000 Moroccan Dirham

 

Issued Capital                : N/A

 

Turnover                        : N/A

 

Net Profit                       : N/A

 

Net Worth                     : N/A

 

 

Rating Briefing

 

Current Rating                           : NN

 

Former Rating                            : N/A

 

Current Recommended Credit     : N/A

 

Former Recommended Credit      :N/A

 

Rating Trend                              : RATING TRENDS CANNOT BE CONFIRMED

 

Payment Record                        : UNDETERMINED

 

                           Rating                                                                               Definition

 

                              NR                            INSUFFICIENT INFORMATION

                                                              There is insufficient information for an adequate credit assessment.

 

             This rating is based on available data. In the event of additional information a possibility for a different rating applies.

 

 


Company Details

 

Rime Reference : 10252986

Company Name : LABORATOIRES IPHARMA SA

Headquarter Address      : Km 4 Ancienne Route de L'Aviation,

  Tanger,, Morocco

Telephone                     : +21239 318710

  +21239 318711

  +21239 318712

Fax                               : +21239 318709

 

Company was originally started on 28/01/2000

 

 

Registration & Legal Details

 

Current Legal Form                                    : SOCIETE ANONYME

Registration Address                                  : Km 4 Ancienne Route de L'Aviation, Tanger

Registration Number                                   : 15555

Registration Date                                       : 28/01/2000

Year/Date Company Established                 : 28/01/2000

Registration Town                                      : Tanger

 

 

Capital

 

Currency                                                  : Moroccan Dirham

Nominal Capital                                     : 35,000,000

Paid Up Capital                                      : 35,000,000

 

 

Shareholders

 

Information on Shareholders is not available/applicable

 

 

Principals

 

Name                                        : Mr Najia Cheikh Lahlou

Position within the company       : General manager

Country of Birth                          : Morocco

Nationality                                 : Moroccan

Can fluently speak                     : French

 

 

Company Activities

 

Sic Codes:        2834    Manufacture of pharmaceutical preparations

 

 

Operations

 

HQ Premises    Operates from:   Office , Laboratory

Location:           Main Road

 

 

Related Companies

 

Information on Related Companies is not available/applicable

 

 

Bankers

 

Societe Generale Marocaine Des Banques

58 Boulevard Mohamed V,

Tanger,

Morocco

 

 

Charges Registered

 

13/08/2004    Societe Generale Marocaine Des Banques       MD   2,500,000       Mortgage

 

 

Financial Information

 

Financial information is not available/applicable

 

 

Payments

 

Subject's payments reported to be:          UNDETERMINED

 

 

Interview & Reporter Comments

 

Date                                                         : 08/11/2006

Comment                                                  : Subject was too busy to provide/confirm any information.

 

Reporter Comment Date                             : 08/11/2006

Reporter Comment                                     : Information provided in the report was obtained from the

                                                                  registry office.

We shall contact the company again and in case there will be any additional Information a revised report will follow.

 

 

Conclusions

 

Local Reputation            : Local informants have not adequate information to assess the Subject's local

                                         reputation.

 

Age of Business            : The company is long established in the local market.


 

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

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average/normal.

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

NR

In view of the lack of information, we have no basis upon which to recommend credit dealings

No Rating

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions