MIRA INFORM REPORT

 

 

Report Date :

20.02.2012

 

IDENTIFICATION DETAILS

 

Name :

ADHESIVOS INTERNACIONALES SA

 

 

Registered Office :

Calle 39 No. 1-112 Cali, Valle Del Cauca, Colombia Apartado 156

 

 

Country :

Colombia

 

 

Year of Establishment :

1965

 

 

Legal Form :

Sociedad Anonima

 

 

Line of Business :

Manufacturing, distribution and commercialization of adhesive products such as bandages and dressings for the care of wounds, adhesive Strips, surgical tapes, etc. 

 

 

No. of Employees :

150

 

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 200,000.

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 30, 2011

 

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

Colombia

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

GEOPOLITICS – COLOMBIA

 

POLITICAL DATA

ECONOMIC DATA

Form of Government: Presidential Republic


Economic Risk: Low

Currency: Colombia (CLP)

100(CLP)=0.05(USD)

Branch Situation: Stable

 

 

IDENTIFICATION

 

Legal Name:

ADHESIVOS INTERNACIONALES SA

 

Trade Name:

ADHINTER

 

Legal Address

Calle 39 No. 1-112

Cali, Valle Del Cauca, Colombia

Apartado 156

 

 

Telephone:

572-882-5555/572-270-1006

NIT :

805003416

Fax:

572-883-8859

Legal Form:

Sociedad Anonima

Email:

lmmurillo@tecnoquimicas.com

Registered in:

Cali, Colombia

Website:

www.cureband.com.co

Date Created:

1965

Manager:

Victor Ricardo Rosa Garcia

Date Incorporated:

1996

Staff:

150

Stock:

 

 

 

Value:

 

Activity:

Manufacturing, distribution and commercialization of adhesive products such as bandages and dressings for the care of wounds, adhesive Strips, surgical tapes, etc. 

 

 

BUSINESS

 

PRINCIPAL ACTIVITY

 

Manufacturing, distribution and commercialization of adhesive products such as bandages and dressings for the care of wounds, adhesive Strips, surgical tapes, etc. 

 

Management Certification:          ISO 9001:2000

Certification:                  ISO 9001:2008

Sales are:

 

Wholesale

Brands:

 

CURE BAND.

Clients:

 

Ponce & Benzo - Venezuela; Centennial - Mexico; Distribuidora Continental - Peru; North Safety Products USA-Canada;

Suppliers:

 

    Angelini Francesco A.C.R.A.F. S.p. A.

    Afford S.A. Esp. Vet.

    Astellas Pharma US, Inc.

    BioProgress GMBH.

    Centro Sperimentale de Latte

    Church & Dwight Co., Inc.

    Clorox de Colombia S.A.

    Dabur Pharma

    Diffucap Eurand S.A.C.I.F.I.

    Foltene Laboratories S.p.A.

    Gador S.A.

    Heber Biotec S.A.

    J. Uriach & Cia. S.A.

    Juste S.A. Quํmico-Farmac้utica

    Laboratorio Elea S.A.C.I.F. y A.

    Medispray Laboratories Pvt. Ltd.

    Mor้ Ltda.

    Nutricia Americas Inc.

    Pfizer Italia S.r.L.

    Recordati S.p.A.

    Sigma Tau Industrie Farmaceutiche Riunite S.p.A.

    Takeda Chemical Industries Limited.

    Tootsie Roll Industries Inc. Uri Health & Beauty, LLC.

    Uri Health & Beauty, LLC.

 

Operations area:

 

National

The company imports from America and Asia.

The company export to American Continent.

The subject employs 150 employee(s)

PAYMENTS

 

made on a 55 days basis - monitored over the last 12 months

LOCATION

Headquarters

 

Calle 39 No. 1-112

Cali, Valle Del Cauca, Colombia

Apartado 156

The property is:

 

Owned

Comments on location:

 

Manufacturing plant, administrative offices and warehouse.

Branches:

 

Zona franca del Pacํfico, Palmira, Valle del Cauca, Colombia.

 

 

Shareholders - Manager - Related Companies

 

Listed at the stock exchange:

 

NO

Shareholders Parent Company(ies):

 

TECNOQUIMICAS S.A. (Controlling)

Colombia

 

Company with annual sales of about USD 350,000,000.00

 

Management:

 

Representante Legal                   Victor Ricardo Rosa Garcia

 Representante Legal 1er. Suplente       Ana Cristina Duque

 Representante Legal 2do. Suplente        Juan Manuel Correa Lenis

 Revisor Fiscal          Sandra Viviana Grande Benavides

 Revisor Fiscal Suplente                            Freddy Grande Benavides

 Contador                                       Amparo Cardozo Portela

 Junta Directiva Principal 1o.        Victor Ricardo Rosa Garcia

 Junta Directiva Principal 2o.        Trujillo Perez Ernesto

 Junta Directiva Principal 3o.        Ana Cristina Duque

 Junta Directiva Suplente 1o.        Carlos Alberto Quintero

 Junta Directiva Suplente 2o.          Alvarez Robledo Ana Maria

 Junta Directiva Suplente 3o.        Antonio Ramirez E

Related Companies:

 

Colombiana De Adhesivos Coldesivos S.A. (Coldesivos S.A.)

Indugraficas S.A.

Organizacion Farmaceutica Americana S.A. (Ofa)

Distribuidora Farmaceutica Calox Colombiana S.A.

 

 

 

 

Financials - COMMERCIAL TRENDS AND FORECAST

 

As a private company the subject does not publish any financial statements.

 

Please find the financial information attached to this report.

 

 

Legal Fillings

 The sources consulted record no detrimental legal or labor court information.

 

 Final Opinion

 

The company has more than 16 years of experience, reporting steady activity and having shown positive development. They currently have 150 employees, for which it is considered a small size company.  

The profitability is normal, the indebtedness is controlled, the cash is also normal, and the payments are regular.

 

Based on the information analyzed, we recommend a credit line for the maximum amount of USD 200,000.

 

 

 

SUMMARY


FINANCIAL SUMMARY


DEBT COLLECTIONS AND PAYMENTS

 

Profitability

CORRECT

Public

NO

 

Indebtedness

CONTROLLED

Payments

REGULAR

 

Cash

CORRECT

 

 

 

 

 

APPENDIX

 

Person Interviewed

 

Amparo Cardozo Portela

Position

 

Accountant

Comments

 

She refused to provide information of the company due to confidentiality.

 

The information in this report was obtained using third sources.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.21

UK Pound

1

Rs.77.75

Euro

1

Rs.64.58

 

 

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.