MIRA INFORM REPORT
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Report Date : |
09.11.2011 |
IDENTIFICATION DETAILS
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Name : |
LABORATORIO Y DROGUERIA NACIONAL
LIMITADA - |
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Registered Office : |
Parinacota 381 -
Quilicura , Santiago , XIII Region
Metropolitana |
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Country : |
Chile |
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Date of Incorporation : |
25.11.1990 |
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Com. Reg. No.: |
leaf 32.649 Nr 16.198, Santiago |
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Legal Form : |
Limited Liability Partnership |
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Line of Business : |
Import of pharmaceutical raw materials. |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment
Behaviour : |
No Complaints |
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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 – September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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Chile |
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 |
IDENTIFICATION
LABORATORIO Y DROGUERIA NACIONAL LIMITADA
Parinacota 381 - Quilicura
Santiago
XIII Region Metropolitana
CHILE
Telephone : 56-2-7392409,
56-2-7392372
E_Mail : labnacional@labnacional.cl , gerencia.general@labnacional.cl
Postal Code : 8730621
SUMMARY
Started
: 1990
Payments :
See Commercial Record
Capital
: 000's$ 131.703.-
Sic(s) : 2834 - 5169
Line of Business: Import of pharmaceutical raw materials.
Credit Recommendation
A credit recommendation is not possible because the information obtained from
the investigation and the credit risk are below the parameters.
If additional information is received or present information is rectified, this
recommendation may be modified.
Payment Scoring = [ 70 ]
Financial indicators
Financial statements could not be obtained, thus financial analysis can not be
carried out
COMMERCIAL INFORMATION
Commercial Bulletin : As at 04/11/2011 subject
does not register protested
checks, bank drafts nor
promissory notes in the
commercial information bulletin
Labor Bulletin : As at 04/11/2011 does not register
labor infringements
Previsional bulletin
: As At 04/11/2011 registers pension fund's
infringements
Previsional Detail
Date :18/04/2011
Reason :Unpaid
declarations
Value :Ch$ 58.144,00.-
Months :1
Bulletin :129
Page :94961
Drawer : Asociación Chilena de
Seguridad
Date :18/04/2011
Reason :Undeclared
payrolls
Value :Ch$ 889.288,00.-
Months :8
Bulletin :129
Page :94961
Drawer : C.C.A.F. Gabriela
Mistral
Consolidated delinquency : As at 04/11/2011, subject registers the following delinquent bills
Detail of Delinquent Debts
Date : 22/01/2010
Note : Invoice
Value : Ch$ 70.490,00
Drawer : Entel PCS Telecomunicaciones S.A.
City : Santiago
Date : 12/02/2009
Note : Invoice
Value : Ch$ 47.138,00
Drawer : Comercial Ink & Paper Ltda.
City : Santiago
Date : 23/11/2008
Note : Invoice
Value : Ch$ 36.057,00
Drawer : Comercial Ink & Paper Ltda.
City : Santiago
Date : 15/03/2010
Note : Invoice
Value : Ch$ 143.458,00
Drawer : Entel PCS Telecomunicaciones S.A.
City : Santiago
Date : 15/04/2010
Note : Invoice
Value : Ch$ 49.735,00
Drawer : Entel PCS Telecomunicaciones S.A.
City : Santiago
TRADE REFERENCES
Do not trade with domestic suppliers
Detail of Former Trade References
--------------------------------------------------------------------------------
Last
Credit Owes
Old Purch. Payment.
Notes
(000'sUS$) (000'sUS$)
--------------------------------------------------------------------------------
Since 2001 03-11 Prompt
invoice
15.000
-
Since 2001 11-08 Prompt
invoice
Open
-
Since 2002 11-08 Prompt order
form
-
-
Since 2001 01-08 Prompt
invoice
Open
-
Since 1990 08-06 Prompt bank
transfer
Open None
Since 2001 04-07 Prompt
invoice
Open
-
5 years 03-06 Prompt
checks
Open
-
Since 1990 03-06 Prompt bank
transfer
Open
-
Since 1990 06-05 Prompt bank
transfer
Open
-
6 years 06-05 Prompt
invoice
Open
-
5 years 06-05 Prompt
checks
Open
-
5 years 02-04 Prompt
invoice
Open
-
5 years 02-04 Prompt
invoice
Open
-
Subject does not register any protests of documents nor labor infringements up
to date. However, it does register 5 unpaid invoices and two delayed payments
to
social security funds, detailed in this report.
According to the taxpayer ID indicator, no search entry has been registered in
the taxpayer id Indicator.
AVERAGE PAYMENTS IN CHILE
International Risk and Payment Review reported in May 2011
The local delays in payment average 0-1 month.
BANKS
Subject operates with the following banks:
- Banco de Credito e Inversiones, branch Quilicura
- Banco Santander Chile, branch Quilicura
OPERATIONS
Line of Business : Import of pharmaceutical raw materials. (Only proprietor of
licenses of products elaborated by B&B Farmacéutica Ltda.).
Classification according to commercial activity:
Sic: 2834-0000 Pharmaceutical preparations
-0702 Vitamin preparations
Sic: 5169-0000 Chemicals and allied products
-0400 Specialty cleaning and
sanitation preparations
-1002 Coal tar products,
primary and intermediate
-0600 Aromatic chemicals
Subject is considered as a small company in this line of business, high
competition
Sales
Sales are steady throughout the year
100% wholesalers
National sales territory
Products are sold
National: 100%.
Customers
Main customers are: Drugstores, line of business' distributors,
etc..
Purchases
Places orders with multiple suppliers
International: 100%
Imports from China, India, Peru and Southafrica.
of Imports obtained from Customs'National Service
Country
%last year %Accum.
-------------------------------------------------------
India
55,87 92,32
China
38,47 0,00
Southafrica
3,24 0,00
Peru
2,42 7,67
Historical
registries
Total 2010 = 000's$ 200.343 Accumulated 2011 = 000's$
177.184
Total 2009 = 000's$ 84.698
Total 2007 = 000's$ 106.086
Total 2006 = 000's$ 119.869
Total 2004 = 000's$ 65.447
Main suppliers
- Sociedad de Plasticos Henoch Ltda.
Employees: No own employees, hires those of related companies
Location
- Formerly and until May 2009, were located at Calle Nueva 5374,
Conchalí.
Currently located at Parinacota 381 Quilicura Santiago, Chile,
industrial
area, street of normal traffic, construction in good conditions
Branches
Subject does not have any branch
RELATED COMPANIES
Subject is related with the following company:
- B & B Farmaceutica Ltda. T A X 77787390-3 Quilicura Santiago
FIXED ASSETS
Real estates
Subject does not register real estates
Vehicles
Owns vehicles for the company's use
INSURANCES
Insurance details were declined.
ADMINISTRATION
General
Manager : Rodrigo Andrés
Barrios Echeverría TAX:17177112-9
Commercial Manager and : Luis Alberto Barrios Viejo TAX:4711372-5
finances
LEGAL INFORMATION
Legal Structure : Limited Liability
Partnership
Constitution date : 25/11/1990. Registered on leaf 32.649 Nr
16.198, Santiago
Trade Registry, year 1990.
Notary : Andrés Rubio Flores, Santiago
Term of duration : 3 Year automatically renewable for
equal and successive
periods
Legal Address : Santiago - Chile
Published in : Official Gazette
dated 28/11/1990 page Nº 16
Current Social Capital: 000's$ 131.703.-
Social Initial Capital: 000's$ 1.000.-
Partner : 2
- 60,00% 4711372-5 Luis Alberto Barrios Viejo
- 40,00% 17177112-9 Rodrigo Andrés Barrios Echeverría
Power of attorney held by partners, each one of them.
Legal changes
Public Deed dated 17/03/1992, notary Andrés Rubio Flores, Santiago, published
in
the Official Gazette dated 24/03/1992 page N° 14, partners were modified:
Marcia
Eugenia Meersohn Ferrer and
Gamal Ricardo Tuane Valenzuela sold and transferred
their rights to Luis Alberto Barrios Viejo and to Rubén Miguel Meersohn Ferrer
who remained as partners with equal percentages.
As per current partners' decision, capital was increased: from $1.000.000 to
$5.000.000 divided into partners, equal participation.
Administration & power of attorney correspond to Luis Alberto Barrios Viejo
and Jaime Cosai-Volovet Oiring, acting together.
Public Deed dated 19/01/1995, notary Mario Farren Cornejo, Santiago, published
in the Official Gazette dated 25/01/1995 page N° 16, partners were modified:
Rubén Miguel Meersohn Ferrer sold and transferred rights to Rodrigo Andrés
Barrios Echeverría in $1.500.000. Consequently, partners are Luis Alberto
Barrios Viejo and Rodrigo Andrés Barrios Echeverría, equal percentages.
The administration and power of attorney will be held by both partners,
together or each one of them.
Partnership continues as agreed in case of decease of any of partners.
Public
Deed dated 18/06/1996, notary Pedró Sadá Azar, Santiago, published in the
Official Gazette dated 16/07/1996 page N° 22, partners were modified: Rodrigo
Andrés Barrios Echeverría, owner of 50% of rights, sold and transferred 40% to
Luis Alberto Barrios Viejo, in $26.340.650 equivalent to UF2.046,60 paid as
indicated in deed.
Capital was increased from $65.851.625 to $131.703.250.-
The administration corresponds to Luis Alberto Barrios Viejo and Rodrigo
Andrés Barrios Echeverría.
Public Deed dated 31/01/2008, notary Elba Sanhueza Muñoz, Santiago, published
in
the Official Gazette dated 12/03/2008 page N° 31, partners were modified: María
Luisa Viejo Rodríguez, owner of 50% of rights retired from the partnership,
sold
and transferred 35% to Rodrigo Andrés Barrios Echeverría who increased his
participation to 40%, and 15% to Luis Alberto Barrios Viejo, who increased his
participation to 60%.
As a result, partners are Rodrigo Andrés Barrios Echeverría with 40% and Luis
Alberto Barrios Viejo with 60% of participation.-
INFORMATION
SOURCES
On 04/11/2011 Mr. Rodrigo Andrés Barrios Echeverría, General Manager,
declined
financial figures, however, submitted the data shown in this report.
IMPORTANT:
Most of its activities have been carried out by its related company "B y B
Farmaceutica Ltda.", company of same partners engaged in the production
and
trading of pharmaceutical products.
-Other outside information sources.
Exchange rate
-As at 07/11/2011 $494,08 Per US$
CREDIT
RECOMMENDATION
Credit recommendation amounts are assigned according to criteria usually used
in
the commercial credit evaluation.
The amounts are based on the risk percentages'assignment to the following
indicators: Trade references, number of employees, legal structure,
protested
bills, labor & welfare infringements, unpaid bills, operations, insurances,
net
profit, net worth, working capital and liquidity variations.
INTERPRETATION OF PAYMENT SCORING
The Scoring is arranged as follows: 0 to 40 Delays, 41 to 60 Slow,
61 to 80 Moderate, 81 to 100 Prompt
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.38 |
|
UK Pound |
1 |
Rs.79.20 |
|
Euro |
1 |
Rs.67.84 |
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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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.