MIRA INFORM
REPORT
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Report Date : |
23.02.2011 |
IDENTIFICATION DETAILS
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Name : |
LABORATORIOS
RIDER LTDA. |
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Registered Office : |
Placer 1348, |
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Country : |
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Date of Incorporation : |
11.06.2007 |
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Legal Form : |
Limited Liability Partnership |
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Line of Business : |
Laboratory of pharmaceutical products. |
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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Maximum Credit Limit : |
520.000 Pesos |
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Status : |
Good |
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Payment
Behaviour : |
Regular |
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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 – June 30, 2010
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Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
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A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company name and address
LABORATORIOS
RIDER LTDA.
Placer 1348
XIII Region Metropolitana
Telephone : 56-2-4990823, 56-2-5555490, 56-2-4990800
E_Mail : rider@rider.cl
, jose.acevedo@rider.cl
Web Site : www.rider.cl
SUMMARY
Started
: 2007
Total Employees : 210
Payments :
Prompt
Capital
: 000's$ 8.991.884.-
Sic(s) : 5122
Line of Business: Laboratory of pharmaceutical products.
Credit Recommendation
000's
Pesos 000's US$
dollars 000's Euros
Conservative value :
520.000
1.108
810
Liberal value :
572.000
1.219
891
If additional information is received or present information is rectified, this
recommendation may be modified.
Payment Scoring = [ 100 ]
Financial indicators
Financial statements could not be obtained, thus financial analysis can not be
carried out
COMMERCIAL INFORMATION
Commercial
Bulletin
: As at 18/02/2011 subject does not register protested
checks, bank drafts
nor promissory notes in the
commercial
information bulletin
Labor Bulletin : As at 18/02/2011 does not
register labor infringements
Previsional Bulletin :
As at 18/02/2011 does not register pension fund's infringements
Consolidated delinquency : As at
18/02/2011, subject does not register any delinquent bill
TRADE REFERENCES
(21/02/2011)
Suppliers' trade references are supplied as follows:
Detail of References
Old : Since 1997
Last purchase :
02-2011
Terms : 30-45 days
Payment : Prompt
Notes : attached check
Credit : (000'sUS$) 6.000
Owes : Does not Register
Due : Does not Register
Paying Comments : Good
Purchase Aver. : (Monthly
000's$) 1.667
Average monthly purchase: 000's$2.000.- approx.
Old : Since 1992
Last purchase :
01-2011
Terms : 60 days
Payment : Prompt
Notes : order form
Credit : -
Owes : -
Due : Does not Register
Paying Comments: Good
Amounts undisclosed according to policies of the supplying company.
Detail of Former Trade References
--------------------------------------------------------------------------------
Last
Credit Owes
Old Purch. Payment.
Notes
(000'sUS$) (000'sUS$)
--------------------------------------------------------------------------------
Since 1997 04-10 Prompt attached
check
6.000
None
Since 1992 05-10 Prompt order
form
Open
None
Since 1992 02-09 Prompt order
form
Open
None
Since 1997 12-08 Prompt attached
check
6.000
None
Since 1997 04-08 Prompt attached
check
6.000
-
Since 1992 06-08 Prompt order
form
Open
-
Locally, subject operates under different credit terms. It meets commitments
promptly.
Subject does not register unpaid bills, protests neither labor infringements
nor delayed payments to pension funds up to date.
According to the taxpayer ID indicator, it has registered 32 inquiries
over the last six months - requested by
banks, industries, credit assessment
companies, companies of telecommunications, hardware businesses, and
other businesses in general.
AVERAGE PAYMENTS IN
International Risk and Payment Review reported in November 2010
The local delays in payment average 0-1 month.
BANKS
(18/02/2011)
Subject operates with the following banks:
- Banco de Chile
- Banco Santander
OPERATIONS
(18/02/2011)
Line of Business : Laboratory
of pharmaceutical products.
legal (Subject
started operations on Jun 11, 2007, as the
Classification according to commercial activity:
Sic: 5122-0000 Drugs, proprietaries, and sundries
-0300 Drugs and drug
proprietaries
-0308 Pharmaceuticals
-0307 Patent medicines
Subject is considered as a medium company in this line of business, strong
competition
Sales
Sales are steady throughout the year
100% wholesalers
National and international sales territory
Products are sold
National: 100%.
Exports to
of Exports obtained from Customs'National Service
Country
%last year %Accum.
-------------------------------------------------------
Not exporting currently.
Historical registries
Total 2009 = 000's$ 16.253
Total 2008 = 000's$ 18.862
Total 2007 = 000's$ 4.717
Purchases
Places orders with multiple suppliers
International: 100%
Imports from Germany, Argentina, Austria, Bolivia, Brazil, China, Colombia,
North Korea, Denmark, Spain, France, Netherlands, India, Italy, Mexico,
Switzerland and United States
Records of Imports obtained from Customs'National Service
Country
%last year %Accum.
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India
31,48 30,15
United
States 24,31 34,20
Argentina
13,20 10,72
France
7,57 9,23
China
7,18 1,67
Germany
5,00 4,94
Brazil
4,36 3,29
Italy
2,78 0,99
Austria
2,60 0,84
Spain
0,48 0,25
Netherlands
0,43 2,52
Switzerland
0,23 0,00
Colombia
0,21 0,34
Denmark
0,12 0,32
Mexico
0,04 0,43
North
Korea
0,00 0,00
Bolivia
0,00 0,00
Historical registries
Total 2009 = 000's$ 1.820.618 Accumulated 2010 = 000's$ 1.858.163
Total 2008 = 000's$ 2.055.545
Total 2007 = 000's$ 747.790
Main suppliers
(21/02/2011)
- Chilarom S.A.
- Faret
- Pomos Industrial Metalurgica S.A.
Employees: 210 employees
Location
- Plant and administration office located at Placer 1348
industrial area, secondary avenue of normal traffic, construction
in good
conditions
Branches (18/02/2011)
Subject does not have any branch
RELATED
COMPANIES
(13/05/2010)
Subject does not have any related company.
FIXED ASSETS
Real estates (18/02/2011)
Subject does not register real estates
However, it was informed that subject is the owner of the property located at
the captioned address.
Vehicles (18/02/2011)
No data could be obtained regarding the quantity and type of vehicles
Machinery & Instalations (18/02/2011)
Equipments and machinery, not specified
INSURANCES
(18/02/2011)
Insurance Company:
-RSA Seguros Chile S.A.
Risks : Total cover.
Objetive : Assets in general.
-Chilena Consolidada Seguros Generales
Due : Unspecified due dates
Risks : Total cover.
Objetive : Property, equipment.
ADMINISTRATION
General Manager and : Liliana Jaramillo
de Hoyos
Legal Rep.
Production Manager : Sergio González Cartagena
Adm. & Finances Manager :
Heinrich Albert S.
Assistant Finances : José Acevedo García
Manager
LEGAL INFORMATION
(18/02/2011)
Legal Structure :
Limited Liability Partnership
Constitution date :
16/05/2007. Registered on leaf 20.310 N°14.818, Santiago
Trade Register , year 2007,
under the business name
INVERSIONES LABORATORIOS
RIDER LIMITADA
Notary
: Pablo Roberto
Poblete Saavedra, Santiago
Term of duration :
10 Year automatically renewable for equal and successive periods
Legal Address : Santiago - Chile
Published in : Official Gazette dated 25/05/2007
page Nº 50
Current Social Capital: 000's$ 8.991.884.-
Social Initial Capital: 000's$ 1.000.-
Partner : 2
- 99,99% Synthon International Holding BV
- 0,01% Synthon Holding BV
Power of attorney held by General Manager and Legal Rep..
Legal changes
Public Deed dated 11/06/2007, notary Guillermo Le-Fort Campos, Santiago,
published in the Official Gazette dated 13/06/2007 page N° 24, corporate
name was modified: from
"Inversiones Laboratorios Rider Limitada" to "Laboratorio Rider Limitada". At the same time, capital
was increased: from the initial
$1.000.000 to $ 4.221.050.000.-
Public Deed dated 28/12/2007, notary Guillermo Le-Fort Campos, Santiago, published in the Official Gazette dated
07/02/2008 page N° 32, capital was
increased: from $4.221.050 to $9.179.250.000.- subscribed as follows:
A)Synthon International Holding BV has subscribed and paid $ 8.534.674.000.-
and will pay $ 644.566.000 before April
2008; B) Synthon Holding BV has subscribed and paid the amount of $10.000 cash.
Public Deed dated 04/06/2010, notary Eduardo Avello Concha, Santiago,
published in the Official Gazette dated
16/06/2010 page N° 32, capital was reduced: from $ 9.179.250.000 to $ 8.991.884.000.- completed
by partners as follows: Synthon International Holding BV the amount of $
8.991.874.000 (99.99%), and Synthon Holding BV the amount of $10.000.-
(0.01%).-
Important Note:
Synthon is a dutch company founded in 1991 which operates in 6 countries
-The Netherlands, USA, Spain, Czech
Republic, Australia and Argentina - with more
than 650 employees. It specializes in hybrid and generic
medicines, and in biotechnological
products.
On Jun 11th, 2007 it acquired Laboratorios Rider S.A. Taxpayer ID 92.054.000-7
and since then operates in the chilean market.
INFORMATION SOURCES
On 18/02/2011 Mr. José Acevedo García, Assistant Finances Manager,
declined financial statements according
to policies of the company, however, submitted the data shown in this report.
-Other outside information sources.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.20 |
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1 |
Rs.73.07 |
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Euro |
1 |
Rs.61.41 |
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 |
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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NB |
New Company |
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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%)
This report is issued at your request without any risk
and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its
officials.