MIRA
INFORM REPORT
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Report Date : |
11.10.2007 |
IDENTIFICATION DETAILS
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Name : |
PROBIOMED S.A. DE C.V. |
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Registered Office : |
Av. Ejercito Nacional
499, Colonia Granada, Delegación Miguel Hidalgo, C.P. 11,520 Mexico D.F. |
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Country : |
Mexico |
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Date of Incorporation : |
01.02.1978 |
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Legal Form : |
Stock Company of
Variable Capital |
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Line of Business : |
Production of active
principles for the pharmaceutical industry, such as prescription medicines, generic
medicines, exchangable, biomedicines. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
IDENTIFICATION
CORRECT COMPANY NAME : PROBIOMED S.A. DE C.V.
TAXPAYER REGISTRATION : RFC PRO-780201-IDA
OPERATING STATUS :
Active
MAIN ADDRESS :
Av. Ejercito Nacional 499, Colonia Granada
CITY/PROVINCE :
Delegación Miguel Hidalgo
DEPARTMENT/STATE :
C.P. 11,520 Mexico D.F.
COUNTRY : MEXICO
TELEPHONE :
(5255)2581.1900/52.5531.3099
FAX : (5255)5255.2474
E - MAIL : raquelhernandez@probiomed.com.mx
WEB SITE : www.probiomed.com.mx
SUMMARY
Incorporation
: 1978
Operating Status :
Active
Payments
: Usually to terms / good
QUALIFICATION
RATING :
Satisfactory
PAYMENTS :
Usually to terms/good
LEGAL BACKGROUNDS
LEGAL STATUS :
Stock Company of Variable Capital
DATE OF INCORPORATION : 01FEB1978
REGISTERED IN :
Mexico D.F.
DURATION : 99 years
INITIAL CAPITAL :
Ps$50,000 Pesos
LISTED AT STOCK EXCHANGE: No
CURRENT EXCHANGE RATE : Ps$10.85 per US$1
COMMENTS -
Incorporation could not
be obtained neither the amount of the share capital.
Personal information of
the executives was not disclosed due to confidential policies but found out
they are Mexicans.
HISTORY
PROBIOMED SA DE CV is a company
which has been engaged since the beginning in the pharmaceutical industry,
focusing on creating technology and designing its own projects for the
development of prescription medicines, generic and exchangable, biomedicines,
becoming in this way, a supplier of these products for the Mexican market. It
is a pioneer company in biotechnology, producing medicines manufactured in
Mexico with technique of recombining
DNA, oriented to treatment of degenerative illnesses as cancer or diabetes.
DIRECTORS / EXECUTIVES / SHAREHOLDERS
FULL NAMES / COMPANY NAME TITLE
URIBE DE LA MORA,
JAIME Director General/Shareh.
RIZK AZIZ, ELIAS Finance Director/Leg.Rep.
RODRIGUEZ CORENO, SAMUEL Controller
WHO IS WHO ?
URIBE DE LA MORA, JAIME
NATIONALITY : Mexican
RIZK AZIZ, ELIAS
NATIONALITY : Mexican
RODRIGUEZ CORENO, SAMUEL
NATIONALITY : Mexican
RELATED COMPANY(IES)
Subject is related to the
following institution:
FUNDACION PROBIOMED EN
PRO DE LA VIDA (Pro Life Foundation) Altruist institution which is an integral agent
to service of patients and their families, as well as the medical body and
health institutions, has a strong group of volunteers that provide support to
great number of patients, domiciled at Av. Ejército Nacional Nº 499, Tercer
Piso, Col.
Granada, Delegación
Benito Juárez, C.P. 11,520, Mexico D.F.
COMPANY NAME COUNTRY
FUNDACION PROBIOMED EN
PRO DE LA VIDA MEXICO
BUSINESS
MAIN ACTIVITY .-
Production of active
principles for the pharmaceutical industry, such as prescription medicines,
generic medicines, exchangable, biomedicines.
Trademark: PROBIOMED (own
brand and patented by Subject in Mexico).
IMPORT : Yes Raw material from USA and Sweden; payments via
transfer
EXPORT : Yes Dominican Republic, Panama and Colombia
% CREDIT SALES/TERMS :
100% (30-60 days)
% FOREIGN SALES(COUNTRIES) : 5%
% DOMESTIC PURCHASES :
90%
% FOREIGN PURCHASES :
10%
SELLING TERRITORY :
95% Nationwide
FACILITIES -
Floors :
5
Condition :
Excellent condition, located in a commercial
area
Use
: Headquarters
Remarks
and other Premises -
Production Plants:
- Yacatas Nº 307, Col.
Narvarte, Delegación Benito Juárez, C.P. 03,020, Mexico D.F.,entre Beisteggui y
Torres Adalid (Yacatas plant).
- Cruce de Carretera
Acatzingo-Zumpahuacan s/n, C.P. 52,400, Tenancigo, Estado de Mexico (Tenancingo
plant).
- San Esteban Nº 88 y Nº
93 (Distribution warehouse) Col. Santo Tomás Azcapotzalco, Delegación
Azcapotzalco, C.P. 02,020, Mexico D.F., entre Santo Tomás y Av. de Las Granjas
(San Esteban plant) Tel. 5352 3122 / Fax: 5352 7651
- Municipio Libre Nº 73,
Col. Portales, Delegación Benito Juárez, C.P. 03,300, México D.F., Planta
Municipio Libre.
- Maiz Nº20, Col. Granja
Esmeralda, Del. Iztapalapa, CP, CP 09810, Mexico, DF entre Eje 3 Oriente y
Calzada de la Viga Tel. 5581 03000/ 5581
8948 / 5582 4870
COMMENTS -
Clients: Private sector,
Government sector
FINANCIAL INFORMATION
We talked to Raquel Hernández,
Accountant, who provided the information contained in this report. In relation
to the financial statements, she said she had to confer with the main
executives to consider a possibility to provide such information so in case of
favorable answer, additional will be sent, otherwise, this report must be
consider definite.
We consulted external
sources to get more details but no balance sheets or accounting elements were
found to assess the standing of this Company.
PROPERTIES OF THE COMPANY -
- Office furniture and
fixture
- Vehicles
- Modern plants
- Laboratory of
recombining proteins
- Laboratory of
recombining vaccines
etc.
INSURANCE –
Company
ING-COMERCIAL
AMERICA
MAPFRE TEPEYAC
BANCOMER
PAYMENTS RECORD
TRADE REFERENCES –
Line
of Credit Monthly Average Terms(days)) Performance? Time Products/Services Supplier
Ps$
7,800,000
30 days Prompt 4 years Material for
laboratory Domestic
2 Ps$ 200,000 30 days Prompt 9 years Chemicals Domestic
COMMENTS
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First and second supplier
agreed to consider Subject an excellent client.
Other suppliers did not
provide information.
LIST OF DOMESTIC SUPPLIERS –
Suppliers
listed Alphabetically. There is not
relationship as for the order above
Supplier Telephone
DISTRIBUIDORA DE
PRODUCTOS QUIMICOS HIDALGO SA
EL CRISOL S.A. DE
C.V. 10403480(nextel
EQUIPAR S.A. DE C.V. 5255
54209901
GE HEALTHCARE
QUIMICO E INSUMOS
INDUSTRIALES S.A. DE C.V. 5255 26032667
BANKING INFORMATION
BANKERS
Bank
BANCO NACIONAL DE MEXICO
SA
BBVA BANCOMER SA
BANORTE
Subject deals with the
above banks. Further information was not available due to confidential
policies.
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 |
Unfavourable & favourable factors carry similar weight in credit consideration.
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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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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%)