MIRA INFORM REPORT

 

 

Report Date :

16.08.2011

 

IDENTIFICATION DETAILS

 

Name :

GCATESA SA

 

 

Registered Office :

Calle 18 No. 306 Elra Y 5ta, Miramar Playa, Ciudad De La Havana

 

 

Country :

Cuba

 

 

Date of Incorporation :

--

 

 

Legal Form :

Sociedad Anónima

 

 

Line of Business :

Importer and distributor of pharmaceutical products

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Poor

 

 

Payment Behaviour :

Usually Correct

 

 

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 31st, 2011

 

Country Name

Previous Rating

(31.12.2010)

Current Rating

(31.03.2011)

Cuba

B2

B2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

GEOPOLITICS – CUBA

 

POLITICAL DATA

ECONOMIC DATA

Form of Government: Republic


Economic Risk: High

Currency: 100.00 USD = 2,650.00 CUP

Branch Situation: Stable

 

 

IDENTIFICATION

 

Legal Name:

Gcatesa SA

Legal Address

Calle 18 No. 306 Elra Y 5ta, Miramar Playa, Ciudad De La Havana Cuba.

Telephone:

NA

ID :

NA

Fax:

NA

Legal Form:

Sociedad Anónima

Email:

mario@gcatesa.sld.cu

Registered in:

Cuba

Website:

NA

Date Created:

-

Manager:

Manuel Suarez Muniz.

Date Incorporated:

NA

Staff:

51-200

Stock:

NA

 

 

Value:

NA

Activity:

Importer and distributor of pharmaceutical products

 

 

BANKS

 

Name of the Bank

Banco Central De Cuba

 

BUSINESS

 

PRINCIPAL ACTIVITY

 

Gcatesa SA operates as an importer and distributor of pharmaceutical products.

 

Our agent found a phone number for this company +535-263-1447; However it was a wrong phone number.

Sales are:

 

Wholesale

Clients:

 

Various industries

Operations area:

 

National, Local

The company imports from Worldwide

The company does not export

Competitors:

 

Farmacuba

Comments on staff:

 

The company has 51 to 200 employees. This information was not confirmed with the staff.

PAYMENTS

 

regular

LOCATION

Headquarters

 

The company is headquartered at Calle 18 No. 306 Elra Y 5ta, Miramar Playa, Ciudad De La Havana.

Branches:

 

There were no branches found for this company.



Shareholders - Manager - Related Companies

 

Shareholders Parent Company(ies):

 

This company is privately held and it is owned by the Cuban Government.

Management:

 

Manuel Suarez Muniz, Member



Financials - COMMERCIAL TRENDS AND FORECAST

 

As a private company the subject does not publish any financial statements.

Legal Fillings

 The sources consulted record no detrimental legal or labor court information.



 Final Opinion

 

This is a small sized company with a staff between 51 to 200 employees.

 

There were no legal filings found against the company or its legal representatives.

 

The company is privately held and owned by the Cuban government.

 

Due to the market restrictions in Cuba, the company has no healthy financial structure.

 

Therefore we can only suggest working with GUARANTEES.




 

SUMMARY

 


FINANCIAL SUMMARY


DEBT COLLECTIONS AND PAYMENTS

 

Profitability

N.A.

Public

NO

 

Indebtedness

N.A.

Payments

REGULAR

 

Cash

NORMAL

 

 

 

 

 

APPENDIX

 

Comments

 

The only phone number found for this company was a wrong phone number.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.37

UK Pound

1

Rs.73.53

Euro

1

Rs.64.36

 

 

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

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

--

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%)

 

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

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.