MIRA
INFORM REPORT
|
Report Date : |
15.12.2007 |
IDENTIFICATION
DETAILS
|
Name : |
MOLECULAS SA |
|
|
|
|
Registered Office : |
Avenue 14 B 4 30 Sur, Bogota
(917) |
|
|
|
|
Country : |
Colombia |
|
|
|
|
Financials (as on) : |
31.12.2006 |
|
|
|
|
Date of Incorporation : |
30.12.2002 |
|
|
|
|
Legal Form : |
Limited Liability |
|
|
|
|
Line of Business : |
Wholesalers of household goods |
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 : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
Identification and
Characteristics |
|
|
Tax Identif. |
8301138138 |
|
|
|
Trade Identif. |
1235110-04 |
|
|
|
Business Name |
MOLECULAS S A |
|
|
|
Business Address |
AVENUE 14 B 4 30 SUR, BOGOTA
(917) |
|
|
|
Former Business Address |
AVENUE 98 A 65 33, BOGOTA
(822) |
|
|
|
Telephone |
(1)4074399 |
|
|
|
Telefax |
(1)4074399 |
|
|
|
Email |
|
|
|
|
Constitution Date |
30/12/2002 |
|
|
|
Business Start Date |
30/12/2002 |
|
|
|
Current Capital |
150.000.000,00 COLOMBIAN PESO |
|
|
|
Current Paid-Up Capital |
150.000.000,00 COLOMBIAN PESO |
|
|
|
Capital Evolution |
2005 - 150.000.000,00 - COLOMBIAN PESO 2003 - 150.000.000,00 - COLOMBIAN PESO |
|
|
|
Number of permanent employees |
3 |
|
|
|
Employees Evolution |
2007 - 3 2006 - 2 2005 - 2 2004 – 7 |
|
|
|
Banks, Clients |
BANK: BANCO DAVIVIENDA S A, BANCOLOMBIA S A CUSTOMER: ANGLO PHARMA S A, COOPERATIVA DE TRABAJO ASOCIADO DE PRODUCCION
COMERCIALIZACION Y SERVICIOS FARMACEUTICOS |
|
|
|
Activity Code |
G513501 - Wholesale of household goods |
|
|
|
Activity |
La fabricación, envase y empaque de materias primas para la industria
farmacéutica, química, agrícola y alimenticia. La fabricación, envase y
empaque de plaguicidas y otros productos químicos de uso agropecuario. |
|
|
|
Secondary Business |
G513502 - Wholesale of household goods |
|
|
|
Exporter |
NO |
|
|
|
Importer |
YES |
|
|
|
Status |
TRADING |
|
|
|
Status Date |
30/12/2002 |
|
|
Synthesis |
|
|
Financial Situation |
GOOD |
|
|
|
Typology |
LARGE COMMERCIAL/INDUSTRIAL COMPANY |
|
|
|
Background |
UPPER TO THE AVERAGE |
|
|
|
Incidents |
NON-EXISTENT OR SLIGHTLY SIGNIFICANT |
|
|
|
Credit Opinion |
RECOMMENDED UP TO 171.474.974,62 COLOMBIAN PESO |
|
PERSON CONTACTED: NANCY RAMIREZ
(Secretary), affirmed that company to be working with foreing suppliers
curriently.
|
Financial Elements |
|
|
(COLOMBIAN PESO, MILES) |
Balance 2006
(12) |
Balance 2005
(12) |
Balance 2004
(12) |
|
|
|
|
Closing Date |
31/12/2006 |
31/12/2005 |
31/12/2004 |
|
|
|
|
Balance Type |
COMPLETE |
COMPLETE |
COMPLETE |
|
|
|
|
Source |
SUPERINTENDENCE |
C.C. BOGOTA |
C.C. BOGOTA |
|
|
|
|
Sales |
6.127.947,00 |
5.629.245,00 |
5.547.273,00 |
|
|
|
|
Results |
301.260,00 |
342.977,00 |
325.940,00 |
|
|
|
|
Fixed Assets |
1.265,00 |
1.917,00 |
2.495,00 |
|
|
|
|
Circulating Assets |
4.650.522,00 |
4.544.637,00 |
4.581.147,00 |
|
|
|
|
Total Assets |
4.651.787,00 |
4.546.554,00 |
4.583.642,00 |
|
|
|
|
Capital |
1.329.119,00 |
1.036.686,00 |
659.581,00 |
|
|
|
|
Long Term Liabilities |
0,00 |
0,00 |
0,00 |
|
|
|
|
CP Liabilities |
3.322.668,00 |
3.509.868,00 |
3.924.061,00 |
|
|
|
|
|
|
||||
|
|
Last Balance: |
31/12/2006 |
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|||
|
|
Figures for the last balance from: |
SUPERINTENDENCE |
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|||
|
|
|
|
|
|||
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|||
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|||||
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External Activity |
|
|
Activity |
Year |
Operation
Percentage |
Products |
Countries |
|
|
|
DO NOT EXPORT |
2007 |
|
|
|
|
|
|
IMPORTS |
2007 |
100 % |
MATERIA PRIMA |
CHINA INDIA PANAMA |
|
|
Company Obligations
|
|
|
Type of
Obligación |
Period |
Situation |
Information Date
|
Publication Date
|
Inscription Date
|
Source |
|
|
|
DUTY OF REGISTRATION UPDATE |
2007 |
COMPLIED WITH |
29/03/2007 |
29/03/2007 |
29/03/2007 |
C.C. BOGOTA |
|
|
|
DUTY OF REGISTRATION UPDATE |
2006 |
COMPLIED WITH |
31/03/2006 |
31/03/2006 |
31/03/2006 |
C.C. BOGOTA |
|
|
|
DUTY OF REGISTRATION UPDATE |
2005 |
COMPLIED WITH |
31/03/2005 |
31/03/2005 |
31/03/2005 |
C.C. BOGOTA |
|
|
|
DUTY OF REGISTRATION UPDATE |
2004 |
COMPLIED WITH |
27/08/2004 |
29/03/2004 |
29/03/2004 |
C.C. BOGOTA |
|
|
Main Administrators |
|
|
Position |
Surnames and
first name |
Cell |
Date of
appointment |
|
|
|
LEGAL REPRESENTATIVE |
VEGA USECHE, NINI YOHANA |
00052819305 |
30/09/2006 |
|
|
|
MEMBER OF BOARD OF DIRECTORS |
SARMIENTO PARRA, LUIS ALBERTO |
00017113585 |
11/12/2003 |
|
|
|
MEMBER OF BOARD OF DIRECTORS |
SARMIENTO PARRA, GERMAN RICARDO NICOLAS |
00079307030 |
11/12/2003 |
|
|
|
MEMBER OF BOARD OF DIRECTORS |
JIMENEZ BELTRAN, WILLIAM |
00079305311 |
11/12/2003 |
|
|
|
MEMBER OF BOARD OF DIRECTORS |
SARMIENTO PARRA, BEATRIZ HERLINDA |
00041427265 |
11/12/2003 |
|
|
|
MEMBER OF BOARD OF DIRECTORS |
SARMIENTO PARRA, MARIA OFELIA |
00041633997 |
11/12/2003 |
|
|
|
GENERAL MANAGER |
VEGA USECHE, NINI YOHANA |
00052819305 |
30/09/2006 |
|
|
Publications |
|
|
Legal: |
|
||||
|
|
Type of Article |
Date |
Announcement
Num. |
Source |
Place of
Publication |
|
|
|
APPOINTMENT |
30/09/2006 |
N.D. |
C.C. BOGOTA |
C.C. BOGOTA |
|
|
|
EXPIRATION DATE |
01/12/2003 |
N.D. |
C.C. BOGOTA |
C.C. BOGOTA |
|
|
|
APPOINTMENT |
13/03/2003 |
870482 |
C.C. BOGOTA |
C.C. BOGOTA |
|
|
|
APPOINTMENT |
13/03/2003 |
870483 |
C.C. BOGOTA |
C.C. BOGOTA |
|
|
|
APPOINTMENT |
07/01/2003 |
860859 |
C.C. BOGOTA |
C.C. BOGOTA |
|
|
Aditional
Comments |
|
|
Vigencia: 30/12/2052 Limitaciones del Representante Legal: Sin definir cuantía en el
certificado de camara de comercio. El nombre de referencia no se encuentra incluido en el programa SDNT
de la OFAC (Lista Clinton) |
|
|
Balance Sheet (ASSETS) |
|
|
(COLOMBIAN PESO, MILES) |
2006(12) |
2005(12) |
2004(12) |
|
|
|
Source |
SUPERINTENDENCE |
C.C. BOGOTA |
C.C. BOGOTA |
|
|
|
A - Liquid Assets |
4.650.522,00 |
4.544.637,00 |
4.581.147,00 |
|
|
|
Shareholders by Unrequired Payments |
n.a. |
n.a. |
n.a. |
|
|
|
Cash |
15.553,00 |
n.a. |
n.a. |
|
|
|
Customers |
2.207.436,00 |
n.a. |
n.a. |
|
|
|
Accounts collectable from shareholders |
4.581,00 |
n.a. |
n.a. |
|
|
|
Accounts collectable various |
42.688,00 |
n.a. |
n.a. |
|
|
|
Provision for defaulting accounts |
-2.259,00 |
n.a. |
n.a. |
|
|
|
Temporary Investments |
0,00 |
n.a. |
n.a. |
|
|
|
Deferred |
0,00 |
n.a. |
n.a. |
|
|
|
General Stock |
2.382.523,00 |
n.a. |
n.a. |
|
|
|
Merchandise |
n.a. |
n.a. |
n.a. |
|
|
|
Finished products |
0,00 |
n.a. |
n.a. |
|
|
|
Products in process |
0,00 |
n.a. |
n.a. |
|
|
|
Raw materials |
0,00 |
n.a. |
n.a. |
|
|
|
Short-term own shares |
n.a. |
n.a. |
n.a. |
|
|
|
Other current assets |
n.a. |
n.a. |
n.a. |
|
|
|
B - Fixed Assets |
1.265,00 |
1.917,00 |
2.495,00 |
|
|
|
Property, Plant and Equipment |
1.265,00 |
1.917,00 |
2.495,00 |
|
|
|
Intangibles |
0,00 |
n.a. |
n.a. |
|
|
|
Permanent investments |
0,00 |
n.a. |
n.a. |
|
|
|
Long-term debtors |
0,00 |
n.a. |
n.a. |
|
|
|
Long-term deferred debt |
0,00 |
n.a. |
n.a. |
|
|
|
Own shares |
n.a. |
n.a. |
n.a. |
|
|
|
Valuations |
0,00 |
0,00 |
0,00 |
|
|
|
Other fixed assets |
0,00 |
0,00 |
0,00 |
|
|
|
Total Assets |
4.651.787,00 |
4.546.554,00 |
4.583.642,00 |
|
|
Balance Sheet (Liabilities + Capital) |
|
|
(COLOMBIAN PESO, MILES) |
2006(12) |
2005(12) |
2004(12) |
|
|
|
Source |
SUPERINTENDENCE |
C.C. BOGOTA |
C.C. BOGOTA |
|
|
|
A - Short Term Liabilities |
3.322.668,00 |
3.509.868,00 |
3.924.061,00 |
|
|
|
Financial Obligations |
0,00 |
n.a. |
n.a. |
|
|
|
Suppliers |
2.977.372,00 |
n.a. |
n.a. |
|
|
|
Accounts payable |
341.754,00 |
n.a. |
n.a. |
|
|
|
Taxes to be paid |
2.231,00 |
n.a. |
n.a. |
|
|
|
Estimated liabilities and provisions |
0,00 |
n.a. |
n.a. |
|
|
|
Labour Obligations |
1.311,00 |
n.a. |
n.a. |
|
|
|
Short-Term Deferred Payments |
0,00 |
n.a. |
n.a. |
|
|
|
Bonds and Trade Bills |
0,00 |
n.a. |
n.a. |
|
|
|
Other Short-Term Liabilities |
0,00 |
n.a. |
n.a. |
|
|
|
B - Long-Term Liabilities |
0,00 |
0,00 |
0,00 |
|
|
|
Financial Obligations |
0,00 |
n.a. |
n.a. |
|
|
|
Accounts Payable in the Long Term |
0,00 |
n.a. |
n.a. |
|
|
|
Estimated liabilities and provisions |
0,00 |
n.a. |
n.a. |
|
|
|
Long-Term Deferred Payments |
0,00 |
n.a. |
n.a. |
|
|
|
Bonds and Trade Bills |
0,00 |
n.a. |
n.a. |
|
|
|
Other Long-Term Liabilities |
0,00 |
n.a. |
n.a. |
|
|
|
Total Liabilities |
3.322.668,00 |
3.509.868,00 |
3.924.061,00 |
|
|
|
C - Net Capital |
1.329.119,00 |
1.036.686,00 |
659.581,00 |
|
|
|
Capital |
150.000,00 |
150.000,00 |
100.000,00 |
|
|
|
Issue Premium |
0,00 |
n.a. |
n.a. |
|
|
|
Capital Surplus |
0,00 |
n.a. |
n.a. |
|
|
|
Capital Appreciation |
102.950,00 |
n.a. |
n.a. |
|
|
|
Reserves |
774.909,00 |
n.a. |
n.a. |
|
|
|
Statutory Reserves |
n.a. |
n.a. |
n.a. |
|
|
|
Legal Reserves |
n.a. |
n.a. |
n.a. |
|
|
|
Other Reserves |
n.a. |
n.a. |
n.a. |
|
|
|
Share dividends |
0,00 |
n.a. |
n.a. |
|
|
|
Yearly result (profit and loss) |
301.260,00 |
342.977,00 |
325.940,00 |
|
|
|
Result from previous years |
0,00 |
n.a. |
n.a. |
|
|
|
Result after inflation |
n.a. |
n.a. |
n.a. |
|
|
|
Appreciation surplus |
0,00 |
n.a. |
n.a. |
|
|
|
Total Liabilities + Capital |
4.651.787,00 |
4.546.554,00 |
4.583.642,00 |
|
|
Profit and Loss
Account |
|
|
(COLOMBIAN PESO, MILES) |
2006(12) |
2005(12) |
2004(12) |
|
|
|
Source |
SUPERINTENDENCE |
C.C. BOGOTA |
C.C. BOGOTA |
|
|
|
Total Operating Revenue |
6.127.947,00 |
5.629.245,00 |
5.547.273,00 |
|
|
|
Operating Revenue |
n.a. |
n.a. |
n.a. |
|
|
|
Sales |
6.127.947,00 |
5.629.245,00 |
5.547.273,00 |
|
|
|
Other Operating Revenue |
n.a. |
n.a. |
n.a. |
|
|
|
Total Operating Costs |
5.556.309,00 |
n.a. |
n.a. |
|
|
|
Purchases |
5.177.870,00 |
0,00 |
0,00 |
|
|
|
Personnel Expenditure |
378.439,00 |
n.a. |
n.a. |
|
|
|
Costs of Third-Party Services |
n.a. |
n.a. |
n.a. |
|
|
|
Stock Appreciation |
n.a. |
n.a. |
n.a. |
|
|
|
Provisions for Depreciation |
n.a. |
n.a. |
n.a. |
|
|
|
Traffic provision variation |
n.a. |
n.a. |
n.a. |
|
|
|
Other Operating Costs |
0,00 |
n.a. |
n.a. |
|
|
|
Operating Result |
571.638,00 |
0,00 |
68.012,00 |
|
|
|
Total Financial Revenue |
0,00 |
n.a. |
n.a. |
|
|
|
From Companies in the Group |
n.a. |
n.a. |
n.a. |
|
|
|
From associated companies |
n.a. |
n.a. |
n.a. |
|
|
|
Other financial revenue |
n.a. |
n.a. |
n.a. |
|
|
|
Profits from Financial Investment |
n.a. |
n.a. |
n.a. |
|
|
|
Positive Exchange Differences |
n.a. |
n.a. |
n.a. |
|
|
|
Total Financial Costs |
0,00 |
n.a. |
n.a. |
|
|
|
From debts to companies in the Group |
n.a. |
n.a. |
n.a. |
|
|
|
From debts to affiliate companies |
n.a. |
n.a. |
n.a. |
|
|
|
From other debts |
n.a. |
n.a. |
n.a. |
|
|
|
Financial Investment Losses |
n.a. |
n.a. |
n.a. |
|
|
|
Investment Provision Variation |
n.a. |
n.a. |
n.a. |
|
|
|
Exchange Differences |
n.a. |
n.a. |
n.a. |
|
|
|
Financial Results |
0,00 |
n.a. |
n.a. |
|
|
|
Total Extraordinary Revenue |
544.527,00 |
n.a. |
n.a. |
|
|
|
Profits from alienation of fixed assets |
n.a. |
n.a. |
n.a. |
|
|
Profit and Loss Account
(Continuación) |
|
|
(COLOMBIAN PESO, MILES) |
2006(12) |
2005(12) |
2004(12) |
|
|
|
Source |
SUPERINTENDENCE |
C.C. BOGOTA |
C.C. BOGOTA |
|
|
|
Share operation profits |
n.a. |
n.a. |
n.a. |
|
|
|
Transferred Capital Subsidies |
n.a. |
n.a. |
n.a. |
|
|
|
Other extraordinary revenue |
n.a. |
n.a. |
n.a. |
|
|
|
Profit and Revenue carried over |
n.a. |
n.a. |
n.a. |
|
|
|
Total Extraordinary Costs |
619.679,00 |
n.a. |
n.a. |
|
|
|
Fixed Asset Provision Variation |
n.a. |
n.a. |
n.a. |
|
|
|
Losses from Fixed Assets |
n.a. |
n.a. |
n.a. |
|
|
|
Losses due to share operations |
n.a. |
n.a. |
n.a. |
|
|
|
Extraordinary Costs |
n.a. |
n.a. |
n.a. |
|
|
|
Costs and Losses Carried Over |
n.a. |
n.a. |
n.a. |
|
|
|
Extraordinary Results |
-75.152,00 |
n.a. |
n.a. |
|
|
|
Total Revenue |
6.672.474,00 |
n.a. |
n.a. |
|
|
|
Total Costs |
6.175.988,00 |
n.a. |
n.a. |
|
|
|
Result before taxes |
496.486,00 |
n.a. |
n.a. |
|
|
|
Taxes |
192.154,00 |
n.a. |
n.a. |
|
|
|
Adjustment for inflation |
3.072,00 |
n.a. |
n.a. |
|
|
|
Result for the Year |
301.260,00 |
342.977,00 |
325.940,00 |
|
|
Main Ratios |
|
|
|
2006 |
2005 |
2004 |
|
|
|
EVOLUTION |
|
|
||
|
|
Turnover Evolution |
8,86 % |
1,48 % |
|
|
|
|
Net Results Evolution |
-12,16 % |
5,23 % |
|
|
|
|
PROFITABILITY |
|
|
||
|
|
Profitability |
4,92 % |
6,09 % |
5,88 % |
|
|
|
Operational Profitability |
9,33 % |
0,00 % |
1,23 % |
|
|
|
Net worth Profitability |
22,67 % |
33,08 % |
49,42 % |
|
|
|
Total Assets Profitability |
6,48 % |
7,54 % |
7,11 % |
|
|
|
Financial Assets Coverage |
|
|
|
|
|
|
INDEBTEDNESS |
|
|
||
|
|
Debt Ratio |
71,43 % |
77,20 % |
85,61 % |
|
|
|
Short Term Debts |
100,00 % |
100,00 % |
100,00 % |
|
|
|
Indebtedness without revaluation |
71,43 % |
77,20 % |
85,61 % |
|
|
|
Financial Leverage |
0,00 % |
0,00 % |
0,00 % |
|
|
|
Financial Assets |
0,00 % |
0,00 % |
0,00 % |
|
|
|
CASH |
|
|
||
|
|
Working Capital |
1.327.854,00 |
1.034.769,00 |
657.086,00 |
|
|
|
Current ratio |
1,40 |
1,29 |
1,17 |
|
|
|
Acid Test |
0,68 |
1,29 |
1,17 |
|
|
|
Immediate Availability |
-3.307.115,00 |
|
|
|
|
|
EFICIENCY |
|
|
||
|
|
Portfolio Recovery Days |
129,68 |
|
|
|
|
|
Creditors Days |
207,01 |
|
|
|
|
|
Stock Rotation Days |
165,65 |
|
|
|
|
|
Operational Cicle Days |
295,33 |
|
|
|
|
|
Fixed Assets Turnover |
1,32 |
1,24 |
1,21 |
|
|
|
|
||||
|
|
FINANCIAL OBSERVATIONS |
||||
|
|
The company’s turnover increase 8,86 % with respect to the
previous period. The profitability margin is 4,92 %. The operational margin
is positive and is sufficient to cover the net income and financial charges. |
||||
|
|
|
||||
|
|
The liquidity indicators show an adequate covering of its current
assets over its short term obligations. The portfolio recovering period is of
129,68 days. The payment to suppliers is made in 207,01 days. |
||||
|
|
|
||||
|
|
The company operates with a debt ratio of 71,43 %. |
||||
|
|
|
||||
|
Macroeconomic
Information |
|
|
|
Value |
Date |
|
|
|
Exchange Ratio |
2.017,36 |
14/12/2007 |
|
|
|
Up to 12 months Devaluation |
8,68 |
31/05/2006 |
|
|
|
GDP |
5,13 |
25/04/2006 |
|
|
|
Up to 12 months Inflation |
4,12 |
31/05/2006 |
|
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. |
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 |
|
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%)