MIRA INFORM REPORT

 

 

Report Date :           

07.08.2012

 

IDENTIFICATION DETAILS

 

Name :

LABORATORIOS MAR S.A.

 

 

Registered Office :

Avda. Gaona 3875, Buenos Aires City

 

 

Country :

Argentina

 

 

Financials (as on) :

31.03.2011

 

 

Date of Incorporation :

03.03.1999

 

 

Legal Form :

Public Limited Company

 

 

Line of Business :

Processing and Marketing of Medical Specialties for Human Use.

 

 

No. of Employees :

33

 

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 :

USD 32000

 

 

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 – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

Argentina

B1

B1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 Registered Name   

 

LABORATORIOS MAR S.A.
                               
C.U.I.T. 30-70207068-2

 

 

Summary      

 

BEGINNER OF ACTIVITIES. INCORPORATED IN 1999. BALANCE SHEET AS OF 31/03/2011: RESULT POSITIVE OF REASONABLE IMPORTANCE AND ADEQUATE STRUCTURE ECONOMIC/FINANCIAL. FIT FOR OPERATIONS OF MEDIUM IMPORTANCE AND ADDITIONAL GUARANTEES.

 

 

Operations 

 

> PROCESSING AND MARKETING OF MEDICAL SPECIALTIES FOR HUMAN USE.

 

 

Legal Structure 

 

LEGAL FORM:              PUBLIC LIMITED COMPANY
CREATED:                     03/03/1999
REGISTERED R.P.C.:   1999
DURATION:                    99 YEARS
END OF FISCAL YEAR: 31 MARCH

 

 

Contact 

 

Accountant:                               Dario De Valle
Legal and operative address:       Avda. Gaona 3875, Buenos Aires City, Argentina.
Phone:                                      (54-11) 4582-5090 y 4582.2929
E.Mail:                                      administracion@laboratoriosmar.com.ar

 

 

Partners 

  

PRESIDENT:           DIEGO EMILIANO MARTINEZ
V.PRESIDENT:        RODRIGO OSVALDO MARTINEZ URIA
DIRECTOR:            SILVINA GABRIELA MARTINEZ URIA

Use of signature: President and V.President.

This Board was appointed Special Meeting of July 29, 2011 Registration 1147 where he also will increase its share capital stated in the corresponding items.

It was published in the Official Gazette of Argentina No. 32281 of November 21, 2011.

 

 

Corporate Stock 

  

Ordinary shares:
----------------
Subscribed and integrated $ 1.068.666.-

 

 

Personal Information 

  

MARTINEZ URIA RODRIGO OSVALDO:
-------------------------------
argentino, married, born 23/1/1975, D.N.I. No. 24.424.476

MARTINEZ URIA SILVINA GABRIELA:
------------------------------
argentina, single, born 27/5/1977, D.N.I. 26.001.156  

 

 

History 

  

As appears from the findings that have been made, the activities in question were initiated and implemented by this society, which is governed by legal clauses above.

It is known that members of this society develop other commercial activities.

This is an Argentine laboratory from its genesis, is composed of human beings that share principles that require them to assume a social responsibility.

They have a social function to be met by medical laboratories.

Your organization deal with the conviction of knowing that every day, get the best drugs in the hands of health professionals.

 

 

Economic-Financial Position 

 

Balance sheet as 31 March 2011, expressed in pesos argentinos.

Exchange:                                 1 DOLAR = $ 4,59


ASSETS CURRENT                    $ 5.200.580

ASSETS NON-CURRENT           $ 1.520.687

LIABILITIES CURRENT               $ 1.040.202

LIABILITIES NON-CURRENT       $ 2.653.343

NET WORTH                                         $ 3.027.632

From the above figures it was possible to obtain the following indices:

WORKING CAPITAL                  $ 4.160.288

CASH FLOW                             4,99

CURRENT DEBT                        0,34

TOTAL DEBT                             1,22

RESPONSIBILITY EQUITY         0,81

TOTAL SOLVENCY                   1,81

ECONOMIC COMMENTARY:
--------------------
The above figures show a good position economic / financial, such as indexes to index cash and debt, having obtained his efforts a final profit of 18.5% on sales that is considered satisfactory.

Rotation of the company to date shows no adverse alternative and assigned to it stable outlook.

 

 

Assets 

 

REAL ESTATE:
------------
- Avda. Gaona 3875, Buenos Aires City, Argentina.
Surface covered of 4000 m2.

VEHICLES:
---------
15 vehicles, are not obtained details.

 

 

 

 

 

 

Commercial References Consulted 

  

DOBFAR SPA Italy
GRAFICA TGA S.A. Argentina

Payments: 90 days.
Crédits: u$s 35 and 50.000
Concept: Normal

 

 

Evolution and Results 

 

Holder society is dedicated to the preparation and marketing of medical specialties for human use. -

Centralizes their actions in reporting the address where he has made reasonable operational structure.

FOREIGN TRADE:
--------------
From India, Swizerland, Italy, Free zone of La Plata, Province of Buenos Aires, and Uruguay.

No export.

SOME OF YOUR PRODUCTS FOR ADULT AND PEDIATRIC:
----------------------------------------------
> AMOXI 500
> AMOXI DUO MAR
> CEFAMAR
> DICLOMAR
> METAMAR
> METAMAR RETARD, and others.

Work with the following companies:
----------------------------------
IOMA - IAPOS - IOSCOR - INSSSEP - OSEP - PAMI - OSPRERA

MAIN SUPPLIERS:
---------------
DOBFAR SPA Italy
HETERO DRUGS LTD. India
GRAFICA TGA S.A. Argentina
LABORATORIOS FRASCA S.A. Argentina

* 33 EMPLOYEES.

 

 

 

Payment Record and Credit Risk 

 

BANCO CREDICOOP
Suc. Villa Sahores

BANCO CIUDAD DE BUENOS AIRES
Suc. Villa del Parque

INSURANCE:
----------
NACION SEGUROS S.A.

CREDIT RISK MAYO 2012
---------------------
BANCO CIUDAD            $ 489.100
BANCO CREDICOOP       69.200
BANCO SUPERVIELLE      8.500

SITUATION 1: NORMAL

 

 

Concept 

  

To date no that would prejudice the commercial concept of our informed and determined through investigations carried out, maintaining a proper attention of the general commitments assumed.

* NOT OBJECTIONS.

 

 

Final Opinion 

  

It concludes that the company that owns may be related to credit operations, in moderate amounts and with the conditions of practice.

In larger amounts, you should required appropriate guarantees.

* FIT FOR CREDITS.

JMC

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.47

UK Pound

1

Rs.86.60

Euro

1

Rs.68.66

 

 

INFORMATION DETAILS

 

Report Prepared by :

SDA

 

 

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.