|
Report Date : |
26.04.2012 |
IDENTIFICATION DETAILS
|
Name : |
LABORATORIES DELTA S.A. |
|
|
|
|
Registered Office : |
Presbítero Medina 2, Sopocachi La Paz |
|
|
|
|
Country : |
Bolivia |
|
|
|
|
Financials (as on) : |
31.03.2011 |
|
|
|
|
Year of Establishment : |
1987 |
|
|
|
|
Legal Form : |
Joint-Stock Company |
|
|
|
|
Line of Business : |
Production, Distribution and |
|
|
|
|
No. of Employees : |
110 |
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 |
|
Status : |
Satisfactory |
|
|
|
|
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 – March 31, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
|
|
|
|
Bolivia |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
|
CORRECT COMPANY NAME |
LABORATORIOS
DELTA S.A. |
|
TRADE NAME |
DELTA |
|
TAXPAYER REGISTRATION |
NIT 1005321025 |
|
MAIN ADDRESS |
Presbítero Medina 2, Sopocachi |
|
PROVINCE/ DEPARTAMENT |
La Paz |
|
STATE / REGION |
La Paz |
|
COUNTRY |
BOLIVIA |
|
TELEPHONE |
(5912) 2411516 - 2411845 |
|
E-MAIL |
|
|
COMMENTS |
The company's Registered Office operates in the shown address.The Plant is located at Calle Reseguin 2122. |
|
Date of foundation |
1987 |
|
Capital stock |
Bs.1,000,000.= Bolivianos |
|
Shareholders' equity |
4,270,136.00 Bolivianos (31MAR2011) |
|
Annual revenues |
US$ 1,478,009.50 Bolivianos (31MAR2011) |
|
Profits (loss) |
869,402.93 Bolivianos (31MAR2011) |
|
permanent employees |
110 |
|
Chief Executive |
CLAROS FUENTES, JORGE RODOLFO |
|
Disposition |
Satisfactory.- Important data and some
figures. |
|
Payments policy |
P5 Without rating (No payment experience
traced) |
|
Credit (**) |
(B): Risk is Moderate. Within Average.
Satisfactory. |
|
LEGAL STATUS |
Joint-Stock Company |
|
DATE OF INCORPORATION |
1987 |
|
PLACE OF REGISTRY |
La Paz |
|
DURATION |
Perpetual |
|
CURRENT PAID-IN CAPITAL |
Bs.1,000,000.= Bolivianos |
|
SHAREHOLDERS EQUITY |
4,270,136.00 Bolivianos (31MAR2011) |
|
CLASS OF SHARES |
Registered |
|
LISTED AT STOCK EXCHANGE |
No |
|
CURRENT EXCHANGE RATE (US$) |
Bs.6.91 Bolivianos per 1 USD |
|
FULL NAMES / COMPANY NAME |
TITLE |
% PART. |
SINCE |
|
CLAROS FUENTES,
JORGE RODOLFO |
General Manager |
YES |
|
|
CLAROS FUENTES, ANA CAROLA |
Administrative Manager |
YES |
|
|
CLAROS FUENTES, DANIEL CARLOS |
Production Manager |
YES |
|
|
BUSTILLOS, ALEJANDRA |
Quality Control Manager |
|
|
|
CLAROS FUENTES,
JORGE RODOLFO |
|
|
NATIONALITY |
Bolivian |
|
D.O.B. |
1975 |
ASSOCIATED AS PER OUR
DATABASE TO
|
COMPANY |
TITLE |
TAX
REG |
COUNTRY |
|
DROGUERIA
INTI S.A. |
Shareholder |
1020521023 |
BOLIVIA |
|
NATIONALITY |
Bolivian |
|
D.O.B. |
1979 |
|
BACKGROUND INFORMATION |
He also works as Production Manager in LABORATORIO QUIMICA FARMACEUTICO INDUSTRIAL DELTA S.A. |
ASSOCIATED AS PER OUR DATABASE TO
|
COMPANY |
TITLE |
TAX
REG |
COUNTRY |
|
LABORATORIO QUIMICO FARMACEUTICO
INDUSTRIAL DELTA S.A. |
Pharmacist-attendant |
1005321025 |
BOLIVIA |
Subject Company is a family-owned company established in 1987 as LABORATORIOS DELTA S.R.L. In the year 2000, its legal status was changed to Joint-Stock Company (S.A.)
SIC
Classification
2 8 - Chemicals and Allied
Products (Pigments, resins, plastics, serums, perfums, Paints, Fertilizers,
explosives.)
|
Main activity |
Production, distribution, sale of pharmaceutical products for human use: Solid, liquid, penicilin, semisolid, generally generic and commercial products (amoxicilin, vitamin C, tablets, glycerin suppositories, PUNACAP, cotrimoxazol, among others). |
|
Import |
Yes |
|
Country |
India, Mexico, Peru, Colombia, China. |
|
Export |
No |
|
% CASH SALES / METHOD |
40% |
|
% Credit SALES / Terms |
60% / 45-day terms |
|
% DOMESTIC PURCHASES |
30% |
|
% FOREIGN PURCHASES |
70% |
|
SELLING TerritorY |
Domestic market |
|
EMPLOYEES |
110 |
|
PREMISES |
Own |
|
OTHER PREMISES |
The registered office and administrative offices operate at the main address.Plant - Laboratory: Calle Reseguin 2122. Tel. 5912 2410747. |
|
Comments |
CLIENTS: Distributors, pharmacies, Social Security, clinics, hospitals. |
|
Interviewee(s) |
Sra. Ana Claros Fuentes |
|
Position(s) |
Administrative Manager |
|
Disposition |
Satisfactory.- Important data and some
figures. |
|
Information provided |
Ana Claros kindly provided general information, including the main Balance Sheet figures as of 31/03/2011 (12 months), expressed in Bolivianos.We have also consulted third-party sources where the information contained in this report was gathered. |
BALANCE SHEET
|
Balance sheet date |
|
31MAR2011 |
|
Type of balance sheet |
|
Annual |
|
Period |
|
12
months |
|
Currency |
|
Bolivianos |
|
Exchange rate per US$ |
|
6.95 |
|
ASSETS |
|
|
|
Current Assetsd |
|
4,908,436.00 |
|
Fixed |
|
578,299.00 |
|
Total Assets |
|
5,486,735.00 |
|
LIABILITI
ES |
|
|
|
Current liabilities |
|
775,183.00 |
|
Long term |
|
441,416.00 |
|
TOTAL LIABILITIES |
|
1,216,599.00 |
|
SHAREHOLDERS' EQUITY |
|
|
|
Total shareholders equity |
|
4,270,136.00 |
|
Total Liab. / Sh. equity |
|
5,486,735.00 |
|
Sales |
|
10,272,166.00 |
|
Profit (Loss) |
|
869,402.93 |
RATIO
|
Liquidity ratio |
6.33 |
Current
assets / Current liabilities |
|
Debt-to-equity ratio |
550.86
% |
(Shareholders'
equity / Current liabilities %) |
|
Profitability margin |
8.46
% |
(Profits
/ Sales %) |
|
Working capital |
4,133,253.00 |
(Current
assets - Current liabilities) |
|
FINANCIAL SITUATION |
SATISFACTORY According to the last Financial Statement presented and/or other analyzed factors, the company's Financial Standing is considered to be Satisfactory for the following reasons: - Similar or higher-than-average liquidity ratio in the sector. - Working capital is positive and allows it an orderly fulfillment of payments. - Equity largely covers current debts. - Economic and financial results have been satisfactory. |
|
INSURANCE COMMENTS |
Subject has no contracts with any insurance company. |
(Confidential
Information)
|
Supplier: ULTRAMAR LTDA. DESPACHANTE DE ADUANA |
Tel.: 5912 2204401 |
Country: BOLIVIA |
|
Goods/Services?
: Customs service |
|
|
|
Highest credit?
: Not registered |
|
|
|
Client since? : 20 years |
Terms?
: Cash |
Performance?
: No experience |
|
Comments : Good Client |
||
Note: Other suppliers did not provide information or could not be consulted
|
Supplier |
Country |
Comment |
|
QUIMIZA |
BOLIVIA |
Request
for trade references has not been replied |
|
COMPROQUIM |
BOLIVIA |
Request
for trade references has not been replied |
|
INDUSTRIAS LARA BISCH S.A. |
BOLIVIA |
Request
for trade references has not been replied |
Bank: MERCANTIL SANTA
CRUZ
Subject is client of the above mentioned banks which when being consulted told us that according to the current legal regulations they cannot provide any information on Subject's operations under bank secrecy.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.49 |
|
|
1 |
Rs.84.66 |
|
Euro |
1 |
Rs.69.25 |
INFORMATION DETAILS
|
Report Prepared
by : |
NIT |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.