MIRA INFORM REPORT

 

 

Report Date :           

22.08.2011

 

IDENTIFICATION DETAILS

 

Name :

QUALICAPS INC

 

 

Registered Office :

6505 Franz Warner Pkwy, Whitsett, NC 27377-9215

 

 

Country :

United States 

 

 

Year of Establishment :

1995

 

 

Legal Form :

Private Subsidiary Company

 

 

Line of Business :

The pharmaceutical and dietary supplement industries

 

 

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

 

Maximum Credit Limit :

$25,000 (USD)

Status :

Satisfactory

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)

United States 

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 


Company name & address 

 

Qualicaps Inc

6505 Franz Warner Pkwy

Whitsett, NC 27377-9215

United States

Tel:                   336-449-7300

Fax:                  336-449-3333

Toll Free:           800-227-7853

 Web:               www.qualicaps.com

           

 

Synthesis

 

Employees:                   175

Company Type:             Private Subsidiary

Corporate Family:          14 Companies

Ultimate Parent:             Shionogi & Co., Ltd.

Incorporation Date:         1995

Financials in:                 USD (Millions)

Reporting Currency:       US Dollar

Annual Sales:               6.0

Total Assets:                 NA

 

 

Business Description     

 

The pharmaceutical and dietary supplement industries throughout the world count on Qualicaps to supply hard two-piece capsules and related manufacturing equipment. With manufacturing sites in the United States, Europe and Japan, customers can rely on quick service no matter where they are located. With more than 100 years in the business, the company has a proven track record in providing the highest quality capsules. It supplies standard capsules made from gelatin and Quali-V hypromellose. In addition, the company offers a proprietary product line of capsule filling equipment, sealing machinery, check weighing equipment, and capsule and tablet inspection equipment. It is a full-service provider striving to be the premier global supplier of two-piece capsules and related equipment. Qualicaps maintains a location in Whitsett, N.C.

 

Industry

Industry            Biotechnology and Drugs

ANZSIC 2006:    184 - Pharmaceutical and Medicinal Product Manufacturing

NACE 2002:      244 - Manufacture of pharmaceuticals, medicinal chemicals and botanical products

NAICS 2002:     32541 - Pharmaceutical and Medicine Manufacturing

UK SIC 2003:    244 - Manufacture of pharmaceuticals, medicinal chemicals and botanical products

US SIC 1987:    2834 - Pharmaceutical Preparations

 

           


Key Executives 

(Emails Available)       

 

Name

Title

Michael Sarno

President & Chief Executive Officer

Glen Broadstreet

Chief Financial Officer

Angie Roberson

Manager-Marketing

Dean Baunts

Director-Information Technology & Telecommunications

Scott Graham

Director-Purchasing

 

1 - Profit & Loss Item Exchange Rate: USD 1 = USD 1

2 - Balance Sheet Item Exchange Rate: USD 1 = USD 1

 

 

Corporate Overview

 

Location

6505 Franz Warner Pkwy

Whitsett, NC, 27377-9215

Guilford County

United States

Tel:                   336-449-7300

Fax:                  336-449-3333

Toll Free Tel:     800-227-7853

Web:                www.qualicaps.com

           

Sales USD(mil):             6.0

Assets USD(mil):           NA

Employees:                   175

Industry:                        Biotechnology and Drugs

Incorporation Date:         1995

Company Type:             Private Subsidiary

Quoted Status:              Not Quoted

President & Chief

Executive Officer:           Michael Sarno

 

Contents

·         Industry Codes

·         Business Description

·         Financial Data

·         Additional Information

 

Industry Codes

 

ANZSIC 2006 Codes:

184       -          Pharmaceutical and Medicinal Product Manufacturing

 


NACE 2002 Codes:

244       -          Manufacture of pharmaceuticals, medicinal chemicals and botanical products

 

NAICS 2002 Codes:

32541   -          Pharmaceutical and Medicine Manufacturing

 

US SIC 1987:

2834     -          Pharmaceutical Preparations

 

UK SIC 2003:

244       -          Manufacture of pharmaceuticals, medicinal chemicals and botanical products

 

Business Description

Establishments primarily engaged in the wholesale distribution of prescription drugs, proprietary drugs, druggists' sundries, and toiletries.

 

More Business Descriptions

The pharmaceutical and dietary supplement industries throughout the world count on Qualicaps to supply hard two-piece capsules and related manufacturing equipment. With manufacturing sites in the United States, Europe and Japan, customers can rely on quick service no matter where they are located. With more than 100 years in the business, the company has a proven track record in providing the highest quality capsules. It supplies standard capsules made from gelatin and Quali-V hypromellose. In addition, the company offers a proprietary product line of capsule filling equipment, sealing machinery, check weighing equipment, and capsule and tablet inspection equipment. It is a full-service provider striving to be the premier global supplier of two-piece capsules and related equipment. Qualicaps maintains a location in Whitsett, N.C.

 

Financial Data

Financials in:

USD(mil)

 

Revenue:

6.0

1 Year Growth

NA

 

Additional Information

ABI Number:

491752127

 

 

 


 

Credit Report as of 02/01/2011

 

Location

6505 Franz Warner Pkwy
Whitsett, NC 27377-9215
United States

 

County:

Guilford

MSA:

Grn-Wn-Slm, NC

 

Phone:

336-449-7300

Fax:

336-449-3333

Toll Free:

800-227-7853

URL:

http://qualicaps.com

 

ABI©:

491752127

 

Annual Sales:

$6,048,000 (USD)

Employees:

175

 

Facility Size(ft2):

40,000+

 

Business Type:

Private

Location Type:

Single Location

 

 

RECOMMENDED CREDIT LIMIT *

   $25,000 (USD)

 

Primary Line of Business:

SIC:

5122-03 - Pharmaceutical Products-Wholesale

NAICS:

424210 - Druggists' Goods Merchant Whols

Secondary Lines of Business:

NAICS:

325412 - Pharmaceutical Preparation Mfg

SICs:

2834-04 - Drug Millers (Mfrs)

 

2899-18 - Gelatine (Mfrs)

 

3999-03 - Manufacturers

 

5099-05 - Importers (Whls)

 

9999-66 - Federal Government Contractors

 

423990 - All Other Durable Goods Merchant Whols

 

339999 - All Other Misc Mfg

 

325199 - All Other Basic Organic Chemical Mfg

 

 

 

 


Table of Contents

·         Profile Links

·         Similar Businesses in the Area

·         Closest Neighbors

 

External Links

·         http://qualicaps.com

·         Similar Businesses in the Area *

 

Cardinal Health

309 S Westgate Dr Ste: G

Greensboro, NC 27407-1634      

 

PHD Pharmaceuticals

301 S Elm St Ste: 305

Greensboro, NC 27401-2636      

 

Bana Pharmaceuticals

8646 W Market St

Greensboro, NC 27409-9404

 

Mylan Pharmaceuticals Inc

105 E J J Dr

Greensboro, NC 27406  

 

Banner Pharmacaps Inc

4100 Mendenhall Oaks Pkwy Ste: 301

High Point, NC 27265-8075        

 

Mylan Pharmaceuticals Inc

2898 Manufacturers Rd

Greensboro, NC 27406-4600

 

Pharma Care

447 S Spring St

Burlington, NC 27215-5864        

 

Banner Pharmacaps Inc

4125 Premier Dr

High Point, NC 27265-8144        

 

Cardinal Health

4 Cardinal Health Ct

Greensboro, NC 27407-2647

 

Accredo Therapeutics

422 Gallimore Dairy Rd

Greensboro, NC 27409-9725

 


 * Similar Businesses are defined as the closest businesses sharing the same six-digit primary SIC code ( 5122-03 - Pharmaceutical Products-Wholesale) regardless of size.

 

Closest Neighbors

 

Metaldyne Corp

6491 Franz Warner Pkwy

Whitsett, NC 27377-9214           

 

Medi USA

6481 Franz Warner Pkwy

Whitsett, NC 27377-9214           

 

Mel's Pressure Washing Services

1307 Rock Creek Dairy Rd

Whitsett, NC 27377-9719

 

Engineered Controls International Inc

1239 Rock Creek Dairy Rd

Whitsett, NC 27377-9116

 

 Bottom of Form

 

 

Corporate Family

Corporate Structure News:

 

Shionogi & Co., Ltd.
Qualicaps Inc

Total Corporate Family Members: 14 
Excluded Small Branches and/or Trading Addresses: 2 (Available via export) 

 

 

 

Company Name

Company Type

Location

Country

Industry

Sales
(USD mil)

Employees

 

Shionogi & Co., Ltd.

Parent

Osaka

Japan

Biotechnology and Drugs

3,295.0

5,277

 

Acquisition of C & O Pharmaceutical Tech (Holdings) Ltd proposed/announced.See corporate structure news on Shionogi & Co., Ltd. for details

Qualicaps Europe Sa

Subsidiary

Alcobendas, Madrid

Spain

Biotechnology and Drugs

54.3

234

 

Qualicaps Inc

Subsidiary

Whitsett, NC

United States

Biotechnology and Drugs

6.0

175

 

Qualicaps Company Limited

Subsidiary

Yamato Koriyama

Japan

Medical Equipment and Supplies

 

282

 

Taiwan Shionogi & Co Ltd

Subsidiary

Taipei

Taiwan

Biotechnology and Drugs

1.0

170

 

Shionogi Inc

Subsidiary

Atlanta, GA

United States

Biotechnology and Drugs

382.3

150

 

Victory Pharma Inc

Subsidiary

San Diego, CA

United States

Biotechnology and Drugs

 

 

 

MiddleBrook Pharmaceuticals Inc

Subsidiary

Westlake, TX

United States

Biotechnology and Drugs

14.8

22

 

Shionogi & Company Limited

Branch

Taipei

Taiwan

Biotechnology and Drugs

1.0

150

 

Shionogi Institute For Medical Sci.

Subsidiary

Osaka

Japan

Healthcare Facilities

1.0

 

 

Shionogi & Company Limited-Aburahi

Subsidiary

Koka

Japan

Biotechnology and Drugs

1.0

 

 

Shiongi Developmental Research Lab.

Subsidiary

Osaka

Japan

Biotechnology and Drugs

1.0

 

 

 

 

Executive report

 

Executives

 

Name

Title

Function

 

Michael Sarno

President & Chief Executive Officer

Chief Executive Officer

 

Glen Broadstreet

 

Chief Financial Officer

Finance Executive

 

Don Joyner

Controller

Controller

 

Paul Verchek

Manager-Human Resources

Human Resources Executive

 

Joseph Clark

Vice President Sales, Marketing

Marketing Executive

 

Angie Roberson

Manager-Marketing

Marketing Executive

 

Dee Smith

Marketing Associate

Marketing Executive

 

Dean Baunts

 

Director-Information Technology & Telecommunications

Information Executive

 

Lawrence Geater

 

Technical Services Rep

Engineering/Technical Executive

 

Melanie Reardon

Chemist

Research & Development Executive

 

Scott Graham

Director-Purchasing

Purchasing Executive

 


FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.45.61

UK Pound

1

Rs.75.32

Euro

1

Rs.65.68

 

 

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.