MIRA INFORM REPORT

Report Date :

20.12.2011

IDENTIFICATION DETAILS

Name :	DROGUERIA DANY S.A.C.
Registered Office :	Hermanos Catari 175, Int. 203, Urb. Maranga, San Miguel, Lima,32
Country :	Peru
Financials (as on) :	31.12.2009
Date of Incorporation :	06.07.2006
Com. Reg. No.:	70275495
Legal Form :	Closely-held Corporation
Line of Business :	manufacture of pharmaceutical products for human consumption
No. of Employees :	12 persons

RATING & COMMENTS

MIRA’s Rating :

B

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Moderate
Payment Behaviour :	No Complaints
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 – September 30^th, 2011

Country Name	Previous Rating (30.06.2011)	Current Rating (30.09.2011)
Peru	a2	a2

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

IDENTIFICATION

CORRECT COMPANY NAME

DROGUERIA DANY S.A.C.

TAXPAYER REGISTRATION

RUC 20513501111

MAIN ADDRESS

Hermanos Catari 175, Int. 203, Urb. Maranga, San Miguel

POSTAL CODE

Lima,32

CITY / PROVINCE

Lima

DEPARTAMENT / STATE

Lima

COUNTRY

PERU

TELEPHONE

(511) 5780808

E-MAIL

contabilidad@disdany.com.pe

WEB

www.disdany.com.pe

COMMENTS

Additional E-mail: jpantoja@disnay.com.pe 

SUMMARY
Date of foundation	2006
Capital stock	S/.468,000.= Nuevos Soles
Shareholders' equity	921,245.00 Nuevo Sol (31DEC2009)
Annual revenues	US$ 1,170,597.57 Nuevo Sol (31DEC2009)
Profits (loss)	178,604.00 Nuevo Sol (31DEC2009)
permanent employees	12
Chief Executive	TOLEDO NIQUEN, PAULO CESAR
Disposition	Poor.- Only general information without figures.
Payments policy	Usually to terms/good

LEGAL BACKGROUNDS
LEGAL STATUS	Closely-held Corporation
DATE OF INCORPORATION	06JUL2006
PLACE OF REGISTRY	Lima
REGISTRATION	Registration No.70275495
INITIAL CAPITAL	S/.100,000.= Nuevos Soles
CURRENT PAID-IN CAPITAL	S/.468,000.= Nuevos Soles
LAST CAPITAL INCREASE	December 2009
SHAREHOLDERS EQUITY	921,245.00 Nuevo Sol (31DEC2009)
CLASS OF SHARES	Registered
LISTED AT STOCK EXCHANGE	No
CURRENT EXCHANGE RATE (US$)	S/.2.69 per US$1.= Dollar

DIRECTORS - EXECUTIVES – SHAREHOLDERS

FULL NAMES / COMPANY NAME	TITLE	%PART.	SINCE
TOLEDO MEDINA, MANUEL SEGUNDO	President	50%
TOLEDO NIQUEN, PAULO CESAR	General Manager	25%
TOLEDO NIQUEN, MANUEL	Legal Representative	25%

WHO IS WHO?

TOLEDO MEDINA, MANUEL SEGUNDO

NATIONALITY

Peruvian

D.O.B.

29JUN1956

ID

DNI 08725519

CIVIL STATUS

Married to Ada Elizabeth Niquen Miranda

PROFESSION

Bussiness Administrator

TAX ID

10087255196

ASSOCIATED AS PER OUR DATABASE TO

COMPANY	TITLE	TAX REG	COUNTRY
DISTRIBUIDORA DANY S.R.L.	General Manager	20135699081	PERU

TOLEDO NIQUEN, PAULO CESAR

NATIONALITY

Peruvian

D.O.B.

15APR1986

ID

DNI 43521535

CIVIL STATUS

Single

DOMICILE

Elespuru, Juan Nolberto 685, Urb. Orrantia, San Isidro, Lima

SEX

Male

TAX ID

10435215357

FATHER'S NAME

Manuel Segundo

MOTHER'S NAME

Ada Elizabeth

TOLEDO NIQUEN, MANUEL

NATIONALITY

Peruvian

D.O.B.

01MAY1984

ID

DNI +42368297

RELATED COMPANIES TO SUBJECT COMPANY OR TO MAJORITY SHAREHOLDER

COMPANY NAME	COUNTRY	TAX REG.	RELATION %
DISTRIBUIDORA DANY S.R.L.	PERU	20135699081	Related
TECHNOLOGY PHARMACEUTICAL S.A.C.	PERU	20515723359	Related

BUSINESS

Main activity

Subject is engaged in manufacture of pharmaceutical products for human consumption. 
It imports supplies and finished pharmaceutical products for direct trading.
Trademark: DANY

Import

Yes

Country

(From India and Germany)

ANNUAL Imports In US$ (CIF)

YEAR	AMOUNT
2011	196,178.00
2010	186,688.00
2009	181,971.00
2008	5,782.00

% CASH SALES / METHOD

20%

% Credit SALES / Terms

80% (Drafts/30,45,60,90-day terms)

% DOMESTIC PURCHASES

70%

% FOREIGN PURCHASES

30%

SELLING TerritorY

Domestic market

EMPLOYEES

12

LOCATION
PREMISES	Rented
AREA	400 m2

Comments

Subject's main customers are chains of drugstores.

FINANCIAL INFORMATION

Interviewee(s)

Jesica Pantoja

Position(s)

Management Secretary

Disposition

Poor.- Only general information without figures.

Information provided

As authorized, she provided operating information, except figures under confidentiality policies.
 
As references, it is included figures from the Anual Balance Sheet as of 31/12/2009.

BALANCE SHEET

Balance sheet date	31DEC2009
Type of balance sheet	Annual
Period	12 months
Currency	Nuevo Sol
Exchange rate per US$	2.88
A S S E T S
Current Assetsd	2,542,505.00
Fixed	201,584.00
Total Assets	2,744,089.00
L I A B I L I T I E S
Current liabilities	1,822,844.00
Long term	0.00
TOTAL LIABILITIES	1,822,844.00
S H A R E H O L D E R S'  E Q U I T Y
Total shareholders equity	921,245.00
Total Liab. / Sh. equity	2,744,089.00
Sales	3,371,321.00
Profit (Loss)	178,604.00

RATIO
Liquidity ratio	1.39	Current assets ÷ Current liabilities
Debt-to-equity ratio	50.54 %	(Shareholders' equity ÷ Current liabilities %)
Profitability margin	5.30 %	(Profits ÷ Sales %)
Working capital	719,661.00	(Current assets - Current liabilities)

FINANCIAL SITUATION

UNDETERMINED
This company's Financial Situation is deemed to be Undetermined because it was not found any financial information to assess its results.
 
DROGUERIA DANY S.A.C. is a company incorporated in 2006. It is given a good rating because of quality of its products and better prices.

INSURANCE

COMPANY	AGAINST	EXPIRATION	AMOUNT
EL PACIFICO PERUANO SUIZA CIA. DE SEGURO	All risk

Insurance Comments

Subject's insurance policy is taken out through Mundo Asesores Broker.

PAYMENTS RECORD: TRADE REFERENCES

(Confidential Information)

Supplier: DOGANA S.A. AGENTES AFIANZADOS DE ADUANA	Tel.: 511 5781896	Country: PERU
Goods/Services? : Customs services
Highest credit? : UNLIMITED	Outstanding debt? :
Client since? : 30/10/09	Terms? : 7 days	Performance? : Prompt
Supplier: JPS DISTRIBUCIONES EIRL	Tel.: 511 297187	Country: PERU
Goods/Services? : Medicines
Highest credit? : UNLIMITED	Outstanding debt? :
Client since? : 3 years	Terms? : 30 days	Performance? : Prompt
Supplier: LABORATORIOS UNIDOS S.A.	Tel.: 511 4636040	Country: PERU
Goods/Services? : Laboratory products
Highest credit? : UNLIMITED	Outstanding debt? :
Client since? : 8 years	Terms? : 45 days	Performance? : Prompt
Supplier: VTECNIC S.A.	Tel.: 511 3481066	Country: PERU
Goods/Services? : Phamaceutical containers
Highest credit? : UNLIMITED	Outstanding debt? :
Client since? : 2006	Terms? : 30 days	Performance? : Prompt

Note : Other suppliers did not provide information or could not be consulted

Supplier	Telephone	Country	Comment
ASENCE PHARMA		INDIA
SURADUANAS SAC	2619275	PERU
ABBA SAC	6103100	PERU
AMFA VITRUM SA	7151302	PERU
WENDT CHEMIE		GERMANY
HELLMUTH CARRUX		GERMANY

LAWSUITS

No lawsuits against subject were found.

BANKING INFORMATION

Bank

BANCO DE CREDITO

BBVA BANCO CONTINENTAL

SCOTIABANK PERU SAA

Subject is a client of the above-mentioned banks, which did not provide any information under internal policies.

SUPERINTENDENCY OF BANK & INSURANCE (SBS)

Debt structure for bank. SBS Latest Consolidated Credit Report as of : 31/10/2011

Bank	Debt Rating	Current Debt
		S/.	US$
BANCO DE CREDITO	NORMAL	749,009.00
SCOTIABANK PERU SAA	NORMAL	238,896.00
B.CONTINENTAL	NORMAL	118,410.00
Total		1,106,315.00
Guarantees		1,434,710.00

CONSOLIDATED DEBT (ALL BANKS)                              ENTITIES Nº : 4                           31/10/2011

		Domestic Currency	Foreign Currency
LOANS	:	180,955.00
DISCOUNTS	:	812,024.00
FINANCIAL LEASING	:	116,595.00
OTHER INDIRECT CONTINGENT DEBTS	:	17,388.00
	:	618.00
		--------------------------------------------	--------------------------------------------
TOTAL DEBT	:	1,127,580.00
		=========================	=========================

GENERAL INFORMATION

REPUTATION

NOTHING AGAINST COMPANY

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.52.96
UK Pound	1	Rs.82.04
Euro	1	Rs.68.91

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.