MIRA
INFORM REPORT
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Report Date : |
19.02.2008 |
IDENTIFICATION
DETAILS
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Name : |
PRONAQUIM SA DE CV |
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Registered Office : |
Cerrada Calzolco 22, Colonia Pedregal de Santo Domingo,
Delegación Coyoacan, Mexico D.F./CP 04,369
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Country : |
Mexico |
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Date of Incorporation : |
21.10.1997 |
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Legal Form : |
Stock Company of Variable Capital |
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Line of Business : |
Importation and Distribution of Raw Material for the Pharmaceutical
Industry, Natural Products, Veterinary and Food Sectors |
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 : PRONAQUIM SA DE CV
TRADE NAME : "PRONAQUIM"
TAXPAYER REGISTRATION : RFC PRO971021UF7 OPERATING STATUS: Active
MAIN ADDRESS : Cerrada Calzolco 22, Colonia Pedregal de Santo Domingo,
Delegación Coyoacán
CITY/PROVINCE/STATE : México D.F./CP 04,369
COUNTRY : MEXICO
TELEPHONE : (5255)5421.1552/5421.1980/5610.7543
FAX : (5255)5617.5153
E - MAIL : ventas@pronaquim.com.mx
WEB SITE : www.pronaquim.com.mx
COMMENTS .-
Other e-mail:
- javierecharte@pronaquim.com.mx
SUMMARY
Incorporation : 1997
Operating Status : Active
Employees : 15
CR-Rating : Satisfactory
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 : 21OCT1997
REGISTERED IN : México D.F.
DURATION : 99 years
LISTED AT STOCK EXCHANGE : No
CURRENT EXCHANGE RATE : Ps$10.76.= per US$1.00 Dollar
COMMENTS .-
Subject Company is associated to the National Chamber of Commerce of the City Mexico.
There is not information regarding the amount of the capital issued and paid.
Backgrounds of the executives were not provided either.
HISTORY
Subject Company is a full mexican company founded on October 21, 1997 in the City of Mexico, intended for the importation and distribution of raw material for the pharmaceutical industry, natural products, veterinary and food sectors. At present subject has over 150 products on stock to offer an immediate answer and efficient service to the requirements of its customers. The personnel working at the company is fully skilled and with technical experience locally and abroad, which allows to offer a quick and reliable response to its clients.
DIRECTORS / EXECUTIVES / SHAREHOLDERS
FULL NAMES / COMPANY
NAME TITLE
JIMENEZ RIVERA, FRANCISCO General Manager
ECHARTE ESPINOSA, JAVIER Assistant Manager
CRUZ ZUÑIGA, FLORENCIA General Accountant
WHO IS WHO ?
JIMENEZ RIVERA, FRANCISCO
NATIONALITY : Mexican
PROFESSION : Engineer by profession
ECHARTE ESPINOSA, JAVIER
NATIONALITY : Mexican
PROFESSION : Engineer by profession
RELATED COMPANY(IES)
The subject is not related to other companies.
BUSINESS
MAIN ACTIVITY .-
Subject is engaged in the importation, purchase, sale and distribution of raw material for the pharmaceutical industry, natural products, veterinary and food sectors.
Pharmaceutical products:
- Acyclovir
- Acetazolamide
- Betamethasone
among others
Veterinary products:
- Albendazole
- Ambroxol HCL
- Dexamethasone
among others
Natural products:
- Glutamic acid
- Folic acid
- Aspartame
among others
Food products: Glutamic acid and folic acid, among other.
IMPORT : Yes From Germany and China against direct credit at 60 days.
EXPORT : No
% CASH SALES/METHOD : 05%
% CREDIT SALES/TERMS : 95% Terms: 30 days
% DOMESTIC PURCHASES : 04%
% FOREIGN PURCHASES : 96%
SELLING TERRITORY : 100% - domestic market
EMPLOYEES : 21 workers in total
FACILITIES .-
Premises : Own
Area : 500 m2 Floors : 3
Use : Fiscal domicile, administration offices and warehouse of the Company.
Remarks and other Premises .-
No branches were found.
COMMENTS .-
PRONAQUIM represents international companies which fullfill GMP standards required by regulating entities.
Subject has some 250 clients at present time.
Major clients:
- Morchemie SA de CV
- Laboratorios Best SA de CV
- Tecnofarma SA de CV
- Olnatura SA de CV
- Proteinas y Tecnología Industrial SA de CV
FINANCIAL INFORMATION
We interviewed eng. Javier Echarte Espinosa (Assistant Manager) who verified the information contained on this commercial report.
Regarding financial statements disclosure he told us he had strict orders from the General Management not to provide that information to third parties as it is regarded of confidential nature.
PROPERTIES OF THE COMPANY .-
Main assets include:
-Premises at caption address.
-(01) Van NISSAN, year 1999
-(01) Van NISSAN, year 2000
-(05) Computers
-(05) Printers
Among other equipments
INSURANCE .-
Company
SEGUROS TEPEYAC SA DE CV
PAYMENTS RECORD
TRADE REFERENCES .-
Monthly Average _ Terms(days)) Performance? _ Time _ Products/Services Supplier
1 US$ 10,000.= 60 days Prompt 1997 Pharmaceutical inputs Domestic
2 US$ 7,000.= 90 days Prompt Years Chemical products Domestic
COMMENTS .-
Supplier No.1 rates subject as an excellent client.
LIST OF DOMESTIC SUPPLIERS
Suppliers listed Alphabetically. There is not relationship as for the order above
Supplier
FERRO IMP. & EXP.
MOLECULAS FINAS DE MEXICO SA DE CV
MORCHEMIE S.A. E C.V.
LIST OF FOREIGN SUPPLIERS .-
Suppliers listed Alphabetically. There is not relationship as for the order above
Supplier _ Country
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FERRO IMP. & EXP. GERMANY
QUINDIS FRANCE
BANKING INFORMATION
BANKERS
Bank
BBVA BANCOMER SA
BANCO NACIONAL DE MEXICO SA
Subject maintains accounts in the above mentioned banks.
We learned Subject holds a current account in dollars in the COMMERCE BANK NA (New York/USA).
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%)