MIRA INFORM REPORT

Report Date :

04.07.2012

IDENTIFICATION DETAILS

Name :	ALBIS S.A.
Registered Office :	Los Negocios 185, Urb. Jardín, Surquillo Lima,34 Lima
Country :	Peru
Date of Incorporation :	14.07.1953
Legal Form :	Joint-Stock Company
Line of Business :	Subject is engaged in representation, distribution and sale of pharmaceutical products, medical equipment and laboratory material, perfume and toilet products, etc.
No. of Employees :	4,200

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 :	Slow but Correct
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^st, 2012

Country Name	Previous Rating (31.12.2011)	Current Rating (31.03.2012)
Peru	A2	A2

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

IDENTIFICATION

CORRECT COMPANY NAME

ALBIS S.A.

TRADE NAME

ALBIS", "BOTICAS ARCANGEL", "TGI

TAXPAYER REGISTRATION

RUC 20418140551

MAIN ADDRESS

Los Negocios 185, Urb. Jardín, Surquillo

POSTAL CODE

Lima,34

PROVINCE / DEPARTAMENT

Lima / Lima

STATE / REGION

Lima

COUNTRY

PERU

TELEPHONE

(511) 4116300 - 4112200

E-MAIL

lsanchez@albis.com.pe

WEB

www.albis.com.pe

SUMMARY
Date of foundation	1953
Capital stock	S/.22,000,000.= Nuevos Soles
Annual revenues	US$ 228,035,714.29 (31DEC2010)
permanent employees	4,200
Chief Executive	GOCHT KIRPAL, STEFAN ULRICH
Disposition	Moderate.- Only some data and some figures.
Payments policy	Delays but within sector norms
Credit (**)	Within Average. Lightly Fair Situation.

LEGAL BACKGROUNDS
LEGAL STATUS	Joint-Stock Company
DATE OF INCORPORATION	14JUL1953
STARTING DATE	01/12/1998
PLACE OF REGISTRY	Lima
NOTARY OFFICE	Augusto Velarde Sussoni
DURATION	Perpetual
REGISTRATION	Card 405 of Registry of Companies
CURRENT PAID-IN CAPITAL	S/.22,000,000.= Nuevos Soles
LAST CAPITAL INCREASE	December 2003 (last reported)
CLASS OF SHARES	Registered
LISTED AT STOCK EXCHANGE	No
SHARE VALUE	S/.1.= Nuevo Sol
CURRENT EXCHANGE RATE (US$)	S/.2.66.= per 1 USD
MEMBERSHIP	Cámara de Comercio de Lima
COMMENTS	According to SUNAT (tax authority), subject has been incorporated in the Sales General Tax Retention Agent System (R.S. 037-2002) from 01/06/2002. Information related to shareholders of the 3% is unknown.

DIRECTORS - EXECUTIVES – SHAREHOLDERS

FULL NAMES / COMPANY NAME	TITLE	%PART.	SINCE
GOCHT KIRPAL, STEFAN ULRICH	General Manager	3%	01/12/98
CONCHA FERNANDEZ SIMONI, RICARDO MARTIN	Administrative Manager		07/03/05
GARCIA JUAREZ, AYAR DE JESUS	Finance Manager		01/12/08
ALFARO SACRE, JORGE LUIS	Human Resources Manager		06/12/07
BAZAN PINILLOS, VICTOR MANUEL	Logistics Manager		20/06/02
RUIZ RABINES, CARLOS ALBERTO	Division Manager		26/11/08
DEL VILLAR BROMLEY, LUIS EDGAR	Division Manager		07/03/05
BRAVO ORELLANA, GUSTAVO VLADIMIR	Division Manager		26/11/08
SANCHEZ CASTAÑOS, LEOPOLDO ANTONIO	Manager
MIXAN MASIAS CRIMILDA	Administrator
GRANDE SANCHEZ, SANTIAGO OSCAR	Administrator
RODRIGUEZ CANDELA, ROGELIO RUBEL	Administrator
VILLAR VILLALOBOS, ELSA VIOLETA	Legal Representative
ARAUJO FARRO, MARIA ISABEL	Legal Representative
ZEVALLOS LLONTOP, CLAUDIA DEL CARMEN	Legal Representative
VILLACORTA PLASENCIA, FLAVIO WENCESLAO	Legal Representative
CALDERON ALANOCA, ADOLFO PERCY	Legal Representative		26/11/08
ROBLES RETO, RONALD IVAN	Legal Representative		26/11/08
BARTENS OLORTEGUI, CESAR AUGUSTO	Legal Representative		26/11/08
GARCIA SOLIS, FELIPE SANTOS	Legal Representative		30/11/98
PONCE PALOMINO, PEDRO DIOMEDES	Legal Representative		26/11/08
ORE BENVENUTO, MARIA ESTELA	Legal Representative		26/11/08
HILBE EBERLE, HERBERT (SUCESION)	Shareholder	20%
BENAVIDES AREVALO, JOSE EDUARDO AUGUSTO	Shareholder	12%
GOCHT KIRPAL, MONICA	Shareholder	3%
GOCHT KIRPAL, JULIANE ULRIKE	Shareholder	3%
CARABAYA INVERSIONES Y FINANZAS S.A.	Parent Co.	56%

WHO IS WHO?

GOCHT KIRPAL, STEFAN ULRICH

NATIONALITY

Peruvian

D.O.B.

01JAN1963

ID

DNI 29318293

DOMICILE

Los Arces S/N (Final Calle Los Arces - Quinta Monika) Cayma, Arequipa / Arequipa

TAX ID

10293182936

BACKGROUND INFORMATION

His Tax ID Number (RUC) 10293182936) was issued on 12/11/1993 to operate as Individual With no Business, with tax residence in Calle Los Arces S/N, Arequipa - Cayma.

ASSOCIATED AS PER OUR DATABASE TO

COMPANY	TITLE	TAX REG	COUNTRY
CIPA S.A.	General Manager	20418141281	PERU
JORSA S.A.C.	General Manager	20313463631	PERU
ANDINA DE SALUD S.A.	Legal Representative	20313463631	PERU

PARTICIPATED IN

COMPANY	TITLE	COUNTRY	YEAR / REF
FERRETERIA ALBIS SA	Manager	PERU	2001
INTERPHARMA SA	Adm. & Finance Manager	PERU	1995

CONCHA FERNANDEZ SIMONI, RICARDO MARTIN

NATIONALITY

Peruvian

D.O.B.

07APR1967

ID

DNI 29326793

ASSOCIATED AS PER OUR DATABASE TO

COMPANY	TITLE	TAX REG	COUNTRY
ANDINA DE SALUD S.A.	Legal Representative	20313463631	PERU

GARCIA JUAREZ, AYAR DE JESUS

NATIONALITY

Peruvian

D.O.B.

03MAR1957

ID

DNI 06128570

ALFARO SACRE, JORGE LUIS

NATIONALITY

Peruvian

D.O.B.

101951

ID

DNI 08206777

BACKGROUND INFORMATION

He has vast academic formation. He is an Industrial Engineer graduated from the Universidad de Lima (University of Lima). Moreover, he has a Master degree in Industrial Engineering from the same university and other in Organization and Personnel Management from ESAN. In addition, he holds a second specialization in Systems Engineering at the University of Lima and. He is Supply Chain Specialist from the University Adolfo Ibanez. Jorge Luis joined Albis in May 2003. Currently, he is professor at the Universidad Esan and Ricardo Palma, activity that serve him to disconnect from his hard management work.

BAZAN PINILLOS, VICTOR MANUEL

NATIONALITY

Peruvian

D.O.B.

31MAY1962

ID

DNI 17970462

BRAVO ORELLANA, GUSTAVO VLADIMIR

NATIONALITY

Peruvian

ID

DNI 10541754

DOMICILE

Central 174, Urb.Chacarilla, Santa Cruz, Lima

PROFESSION

Pharmacist

TAX ID

1010541754

ASSOCIATED AS PER OUR DATABASE TO

COMPANY	TITLE	TAX REG	COUNTRY
ANDINA DE SALUD S.A.	General Manager	20313463631	PERU

SANCHEZ CASTAÑOS, LEOPOLDO ANTONIO

NATIONALITY

Peruvian

D.O.B.

05SEP1955

ID

DNI 06708827

PROFESSION

Public Accountant

TAX ID

10067088277

ASSOCIATED AS PER OUR DATABASE TO

COMPANY	TITLE	TAX REG	COUNTRY
CIPA S.A.	Accounting Manager	20418141281	PERU
ANDINA DE SALUD S.A.	Legal Representative	20313463631	PERU

MIXAN MASIAS CRIMILDA

NATIONALITY

Peruvian

ID

DNI 02610900

GRANDE SANCHEZ, SANTIAGO OSCAR

NATIONALITY

Peruvian

ID

DNI 06637689

RODRIGUEZ CANDELA, ROGELIO RUBEL

NATIONALITY

Peruvian

ID

DNI 07494391

VILLAR VILLALOBOS, ELSA VIOLETA

NATIONALITY

Peruvian

ID

DNI 09875936

ARAUJO FARRO, MARIA ISABEL

NATIONALITY

Peruvian

ID

DNI 16412011

ZEVALLOS LLONTOP, CLAUDIA DEL CARMEN

NATIONALITY

Peruvian

ID

DNI 17431833

VILLACORTA PLASENCIA, FLAVIO WENCESLAO

NATIONALITY

Peruvian

ID

DNI 17902412

BENAVIDES AREVALO, JOSE EDUARDO AUGUSTO

NATIONALITY

Peruvian

D.O.B.

08JAN1941

ID

DNI 29239750

CIVIL STATUS

Married to Maria del Pilar Corgelles

DOMICILE

La Lomada s/n, Challapampa, Arequipa , Arequipa

TELEPHONE

255367

PROFESSION

Lawyer

TAX ID

10292397505

ASSOCIATED AS PER OUR DATABASE TO

COMPANY	TITLE	TAX REG	COUNTRY
INCA TOPS S.A.A.		20100199743	PERU
AGROINCA PRODUCTOS PERUANOS DE EXPORTACION S.A.		20327739230	PERU

PARTICIPATED IN

COMPANY	TITLE	COUNTRY	YEAR / REF
ALBIS S.A.		PERU	2011

GOCHT KIRPAL, JULIANE ULRIKE

NATIONALITY

Peruvian

ID

DNI 29318803

DOMICILE

Los Centinelas 120, Dpto.402, Urb. El Mirador-Casuarinas, Surco, Lima / Lima

TELEPHONE

3441921

TAX ID

10293188039

ASSOCIATED AS PER OUR DATABASE TO

COMPANY	TITLE	TAX REG	COUNTRY
CIPA S.A.		20418141281	PERU

CARABAYA INVERSIONES Y FINANZAS S.A.

BUSINESS BACKGROUND

This is a Peru-based company.

BUSINESS HISTORY

Subject was established as a result of the merger between the companies ALBIS DATA S.A. (Tax ID No.20100354811) and DISTRIBUIDORA ALBIS S.A. (Tax ID No.20100156777), which agreed to merge and become dissolved.
 
Related companies were ANDINA SALUD S.A. (Tax ID No.20313463631) and CIPA S.A. (Tax ID No.20418141281), which are currently DISSOLVED.
 
Subject has more than half a century of experience in Import, Manufacturing, Marketing, Marketing, Logistics, Sales and Distribution of pharmaceutical and / or related consumer medical equipment, diagnostic reagents, as well as equipment and supplies for the mining, industrial and textile lines.
 
ALBIS Inc. is a company taking part of the Inca Group and one of the main pharmaceutical companies in Peru; it has a large chain of pharmacies, national distributor, medical centers, laboratories, own brands and exclusive representations. 
 
Founders: Mr. Francis O. Patthey, a Swiss citizen, resident in Arequipa and Mr. Hugo Morales Corzo, native from Mollendo. 
 
In 1957, the city of Arequipa, Peru, the company was incorporated under legal name Patthey & Corzo, a company engaged in the export of alpaca fiber, this was the beginning of this Group.
 
Founders: Mr. Francis O. Patthey, a Swiss citizen, resident in Arequipa and Mr. Hugo Morales Corzo, native from Mollendo.

RELATED COMPANIES TO SUBJECT COMPANY OR TO MAJORITY SHAREHOLDER

COMPANY NAME	COUNTRY	TAX REG.	RELATION %
AGROINCA PRODUCTOS PERUANOS DE EXPORTACION S.A.	PERU	20327739230	Related
AMAZONAS EXPLORER S.A.	PERU	20370849308	Related
CARABAYA INVERSIONES Y FINANZAS S.A.	PERU	20100203287	Parent Co.
COLCA EXPLORER S.A.	PERU	20454742754	Related
COLCA LODGE S.A.	PERU	20311643895	Related
EL EKEKO NEGOCIOS S.A.	PERU	20498207988	Related
FERRER ALBIS S.A.	PERU	20502163222	Related
INCA TOPS S.A.A.	PERU	20100199743	Related
INCALPACA TEXTILES PERUANOS DE EXPORTACION S.A.	PERU	20100226813	Related
INTI RAYMI S.A.	PERU	20121142148	Related
JORSA DE LA SELVA S.A.	PERU	20531502508	Related
KERO PRODUCTOS PERUANOS DE EXPORTACION S.A.	PERU	20100188113	Related

BUSINESS

SIC Classification
2 8 - CHEMICALS, PHARMACEUTICALS INDUSTRY AND ALLIED PRODUCTS. (Manuf.Pigments, Resins, Plastics, Serums, Perfums, Paints, Fertilizers, Explosives. Medicines.)

Main activity

Subject is engaged in representation, distribution and sale of pharmaceutical products, medical equipment and laboratory material, perfume and toilet products, etc.
 
Trademark: IPA, PERUGEN-PHARMAVISION (own).
 
BUSINESS UNITS:
 
ALBIS PLANTA: Business Unit engaged in the manufacturing of pharmaceutical products for human consumption.
 
ALBIS FARMA: It is a dynamic new business unit responsible for promoting and marketing of ethical pharmaceuticals.
 
ALBIS MEDICA: Unit specialized in the promotion and marketing of: 
In Vitro Diagnostic Reagents 
Biomedical Equipment for Clinical Laboratory Quality Control 
Hospital Medical Equipment Material Solutions for Hospital Disinfection 
Biomedical Equipment Technician Service.
 
ALBIS CONSUMO: Business Unit responsible for the marketing of imported and domestic products in different categories: accessories, dermatological, baby care, personal care, liquor, OTC (without prescription), perfumes, herbal products and vitamins. 
 
ALBIS INDUSTRIAL: This is a comprehensive Supplier aimed at selling three lines: Line of Industrial Safety, Ladder Line and Line Textile. 
 
ALBIS DISTRIBUCION: It has a sales force nationwide, which maintains close contact with pharmacies, drugstores, drugstores Chains, Hospitals, Clinics, Private companies, analytical laboratories counseling.
 
ALBIS RETAIL: Retail Business Unit is the largest network of primary health care in the country. It is composed by a chain of drugstores (Arcangel Drugstores) and Medical Centers nationwide, Clinical Analysis, It has branches, with their stores, in the cities of Piura, Chiclayo, Trujillo, Ica, Arequipa, Cusco and Huancayo, and our warehoused and head office located in Lima.

Import

Yes

Country

Argentina, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Denmark El Salvador, France, Germany, Hungary, India, Irlanda, Italy, Japan, Korea,

ANNUAL Imports In US$ (CIF)

YEAR	AMOUNT
2012	4,208,852.00
2011	11,835,783.00
2010	10,491,608.00
2009	8,030,234.00
2008	3,033,469.00
2007	3,662,473.00
2006	2,238,611.00
2005	2,188,100.00

Export

Yes

COUNTRY

Chile, France, Uruguay, Mexico.

Annual exports in US$ (FOB)

YEAR	AMOUNT
2012	28,765.00
2011	202,613.00
2010	624,362.00
2009	162,910.00
2008	20,486.00
2007	13,078.00

% CASH SALES / METHOD

15%

% Credit SALES / Terms

85% (Invoice/30,45 days; Draft/30,45,60 days)

SELLING TerritorY

Domestic market, and occasionally to international market

EMPLOYEES

4,200

LOCATION
PREMISES	Own
FLOORS	3
AREA	4,000 m2
OTHER PREMISES	Subject's tax residence and main offices are located on the above-mentioned address. From these premises, subject serves its customers in Metropolitan Lima and the Eastern. Branches: - Los Manzanitos 103, Urb. Maria Isabel - Arequipa/Arequipa. Tel: 242063. - Calle L No.149, Urb. San Miguel, Ica/Ica. - Jr. Los Huancas 219, Urb. San Carlos, Huancayo/Junin. Tel: 234481. - Av. Luis Gonzales 999, Chiclayo/Lambayeque. Tel:.238161. - Jr. San Martín 552, Trujillo, La Libertad. Tel: 231803. - Jr. Cuzco 535, Piura/Piura. Tel: 326345. - Av. Confraternidad 434, Wanchaq - Cuzco. Tel: 262831. - Calle Los Sauces 349, P.J. Vista Alewgre, La Libertad, Trujillo, Victor Larco Herrera. Stores: - Calle Los Negocios 245 - 249, Surquillo, Lima. - Av. Carlos Izaguirre 147, Urb. Independencia, Independencia, Lima. - Calle San German 271, Urb. Villacampa, Rímac, Lima. - Av. Peru 1798, Urb. Perú, San Martin de Porres, Lima. - Av .Honorio Delgado 263-265-233, Urb. Ingeniería, San Martín de Porres, Lima. - Calle Progreso 123, Pisco - Ica. - Av. Municipalidad 210, Ica - Ica. - Jr. Asamblea 131, Ayacucho, Huamanga, Ayacucho. - Jr. San Francisco 102, Tumbes, Zarumilla, Aguas Verdes. - Jr. Gamarra 619, Trujillo, La Libertad. Among other premises distributed in several strategic points in the country. Operating site: r. Rodriguez de Mendoza 135 con Paso de los Andes 621, Pueblo Libre, Magdalena Vieja, Lima. Subject has warehouses that have been certified under GPS (Good Storage Practices).

Comments

Subject is a representative of important international laboratories, such as ABX, Biobasal, Bio-Rad, Faes, Ferrer-Albis, Ferrer-Grupo, Filaxis, Graphic Controls, Hermes Sweeteners, ICN, Laphal, Merz, Norgine, Remed, Roha, Sanofi Pasteur, Serono, Siegfried, Solco, Sulcagel, Terumo, Tyco, Yamanouchi and Wiener.
 
ALBIS S.A. is a representative of the following companies:
 
PHARMACEUTICAL LINE
- Berna B (Switzerland)
- Biobasal Ag (Switzerland)
- Grupo Faes (Spain)
- Grupo Ferrer Internacional (Spain)
- ICN (Mexico)
- Laphal Laboratories (Switzerland)
- Mepha (Switzerland)
- Merz (Germany)
- Serono Biotech & Beyond (Italy/Switzerland)
- Siegfried (Switzerland)
- SolcoSwirterland (Switzerland)
- Yamanouchi (Japan)
 
MEDICAL LINE
- ABX Horiba Diagnostics (France)
- Biorad (USA)
- BBI Boston Biomedica Inc (USA)
- Diesse Diagnostica Senese SpA (Italy)
Subject also imports to Malaysia, Mexico, Netherlands, Pakistan, Portugal, Singapore, Spain, Sri Lanka, Switzerland, Taiwan, Thailand, Turkey, UK, USA and Vietnam.
 
Subject is a representative of important international laboratories, such as ABX, Biobasal, Bio-Rad, Faes, Ferrer-Albis, Ferrer-Grupo, Filaxis, Graphic Controls, Hermes Sweeteners, ICN, Laphal, Merz, Norgine, Remed, Roha, Sanofi Pasteur, Serono, Siegfried, Solco, Sulcagel, Terumo, Tyco, Yamanouchi and Wiener.
 
ALBIS S.A. is a representative of the following companies:
PHARMACEUTICAL LINE
- Berna B (Switzerland)
- Biobasal Ag (Switzerland)
- Grupo Faes (Spain)
- Grupo Ferrer Internacional (Spain)
- ICN (Mexico)
- Laphal Laboratories (Switzerland)
- Mepha (Switzerland)
- Merz (Germany)
- Serono Biotech & Beyond (Italy/Switzerland)
- Siegfried (Switzerland)
- SolcoSwirterland (Switzerland)
- Yamanouchi (Japan)
 
MEDICAL LINE
- ABX Horiba Diagnostics (France)
- Biorad (USA)
- BBI Boston Biomedica Inc (USA)
- Diesse Diagnostica Senese SpA (Italy)
- Globe Scientific Inc. (USA)
- Graphic Controls (USA)
- Hematronics Inc (USA)
- Temuro (Japan)
- Tyco (USA)
- Wiener Lab Group (Argentina)
 
CONSUMER'S LINE
- C.& C. Cover & Comfort (Peru)
- Hermes Sweeterners (Germany)
- Laboratorios Sulcagel CA (Venezuela)
- Remed Pharma (Belgium)
- Roha (Germany)
 
Subject's products are aimed at clinics, drugstores and hospitals in general.
 
On 05/06/2010, subject was awarded a public tender by the Ministry of Health for S/.5,695,370.= to purchase diagnosis kits for HIV-AIDS patients.
 
Subject's main registered business activity is manufacture of pharmaceutical products.
 
As secondary activities, it is registered medical and odontological activities; as well as wholesale of other products.

FINANCIAL INFORMATION

Interviewee(s)

Tercera fuentes

Disposition

Moderate.- Only some data and some figures.

Information provided

This report was prepared based on reliable sources, official, Internet info and our own files, under secretive attitude shown by the Representatives of the company, internal and confidentiality policies.
 
Based on the information obtained we can state that Albis SA is constantly growing and currently has around 4,200 employees throughout the country. The Role of Human Resource Management is strategic and contributes with the company in its growth and development of its employees. It is focused on skills development and the implementation of a training program to strengthen and improve the skills of their employees, so they are trained and have more options for their career development. One of the most complicated is the geographic distance, as they have staff across the country, from large cities to remote villages. While it is true that management falls directly in HHRR, without the support of the Managers and Headquarters would not achieve the results, this could be seen clearly on sales figures as of 2010 closing that reached a sum amounted to S / 638,500,000. = approximately and this growth continued in 2011.
 
 As reference, we provide income (last available) as of 12/31/2009 (12 months), detailed as follows:

Comments

SALES YEAR 2010 = S/.638,500,000.=
SALES YEAR 2009 = S/.544,478,500.=
SALES YEAR 2008 = S/.301,313,800.=
SALES YEAR 2007 = S/.281,175,000.=
SALES YEAR 2006 = S/.277,819,000.=

SALES

US$ 228,035,714.29 (31DEC2010)

FINANCIAL SITUATION

NN: UNDETERMINED
This company's Financial Situation is deemed to be Undetermined because it was not found any financial information to assess its results. As already mentioned, it is only known that subject's sales income for 2010 amounted to S/.638,500,000.= Nuevos Soles, which represented an increase of 17.26% compared with the year 2009. 
 
 Likewise, we learnt that during 2011, subject has better results with respect to 2010, figures were not provided.
 
According to commercial and specialized sources, Subject was reported facing some irregularities in payments, translated in 44 protests during the period 2008-2012, as well as certain obligations with a Pension Fund Administrator of the Workers, as detailed in the corresponding item.
 
Credit experience with financial sector entities is rated as normal, as reported by the Superintendency of Banking and Insurance.

Property of company comments

When the Registry of Motor Vehicle Ownership in Lima was consulted, 15 units with the following license plates were traced:
- AGQ433, as registered in the entry 50186024
- AO7468, as registered in the entry 50231526
- AQB951, as registered in the entry 50243836
- AQB953, as registered in the entry 50243838
- AQL500, as registered in the entry 50252230
- AQM302, as registered in the entry 50252947
- BO3585, as registered in the entry 50273249
- JO9378, as registered in the entry 50497477
- JO9995, as registered in the entry 50498040
- KO1066, as registered in the entry 50513366
- KQ4677, as registered in the entry 50524061
- LQ2922, as registered in the entry 50547148
- QI1010, as registered in the entry 50662396
- QI2718, as registered in the entry 50663913
- TG6161, as registered in the entry 50749495

INSURANCE

COMPANY	AGAINST	EXPIRATION	AMOUNT
EL PACIFICO PERUANO SUIZA CIA.DE SEGUROS	All risk	Yearly

TRADE REFERENCES, CREDIT BUREAU, LAWSUITS, BANKS

(Confidential Information)

TRADE REFERENCES

Supplier	Country	Comment
Medifarma SA	PERU
Intradevco Industrial S.A.	PERU
Diesse	ITALY
Grupo Ferrer	SPAIN
Laboratorios Filaxis	ARGENTINA
Hematronic	U.S.A.
ICN Farmaceútica S.A. de C.V.	MEXICO
Laboratorios SulcageL SA	VENEZUELA
Laphal Laboratories	SWITZERLAND
Merz	GERMANY
Remed	BELGIUM
Roa	GERMANY
Serono	ITALY
Serono	SWITZERLAND
Siefred	SWITZERLAND
Solco Suiza	SWITZERLAND
Tyco	U.S.A.
Melpha SA	SWITZERLAND
Ciba Visión SA	SWITZERLAND
Wiener Laboratorio SA	ARGENTINA
Difco Laboratory	U.S.A.
Ferrer	SPAIN
Terumo Corporation	U.S.A.
Instituto de Vacunación y Suero Terapi	SWITZERLAND
TECNO FARMA	PERU
Instituto Quimioterápico Peruano	PERU
ELI LILLY INTERAMÉRICA	PERU
Pfizer SA	PERU
IQ Farma	PERU
LABORATORIOS ACFARMA SAC	PERU
TECNIADUANAS	PERU
BRISTOL MYERS SQUIBB PERU	PERU
Hermes Edulcorantes S.A.	PERU
Farmacéutica del Pacífico S.A.C.	PERU
QUÍMICA SUIZA S.A.	PERU
Kimberly Clark Perú S.R.L.	PERU
Roma Arzneimittel Gmbh	GERMANY
OM PHARMA S.A.	PERU
CORPORACIÓN DE INDUSTRIAS PLÁSTICAS S.A.	PERU
MANUFACTURAS DE PRODUCTOS DE ALUMINIO	CHILE
FAES FARMA S.A.	SPAIN
ANDENEX CHEMIE ENGELHARD AND PARTNER GMBH	GERMANY
ASTELLAS PHARMA US,INC	U.S.A.
SELLSTROM MANUFACTURING CO.	U.S.A.
NANCHANG GOLDEN TIDE INTERNATIONAL TRADE CO.	CHINA
COMPUBENZ CORP.	U.S.A.
FERRER INTERNACIONAL S.A.	SPAIN

RISK INFORMATION CENTER

DELINQUENCY (INVOICES, RECEIPTS, CHECKS)

Creditor	Date of default	Amount S/.	Amount US$	Payment Date
AFP INTEGRA S.A.		26.22	0.00
AFP INTEGRA S.A.		88.60	0.00

DELINQUENCY (PROTESTED DRAFTS, PROMISSORY NOTES)

Drawer	Document	Amount S/.	Amount US$	Protested date	Payment date
SGS REPRESENTACIONES S.A.C.		216,948.85	0.00	09/10/2009
DISTRIBUIDORA LAS PONCIONAS S.A.		2,423.05	0.00	12/01/2010
R & F PUBLICACIONES Y SERVICIOS SAC		856.29	0.00	06/05/2010
MG NATURA PERU S.A.C.		1,655.53	0.00	02/11/2010
IT SERVICE S.A.C.		0.00	3,835.00	23/09/2011
INTERBANK		14,212.43	0.00	27/04/2012
SCOTIABANK PERU S.A.A.		4,935.94	0.00	30/03/2012
IT SERVICE S.A.C.		0.00	3,835.00	23/09/2011
MG NATURA PERU S.A.C.		1,655.53	0.00	02/11/2010
R & F PUBLICACIONE SY SERVICIOS S.A.C.		856.29	0.00	06/05/2010

SUPERINTENDENCY OF BANK & INSURANCE (SBS)

Debt structure for bank. SBS Latest Consolidated Credit Report as of : 30/04/2012

Bank	Debt Rating	Current Debt
		S/.	US$
CREDITO	NORMAL	43,329,106.00
BIF	NORMAL	21,208,753.00
SANTANDER PERU	NORMAL	7,849,413.00
CONTINENTAL	NORMAL	7,760,643.00
INTERBANK	NORMAL	4,030,284.00
CITIBANK DEL PERU	NORMAL	2,618,534.00
HSBC BANK PERU	NORMAL
Total		86,796,733.00
Guarantees		29,063,086.00

CONSOLIDATED DEBT (ALL BANKS)                              ENTITIES NUMBER : 7                           30/04/2012

		Domestic Currency	Foreign Currency
LOANS	:	53,137,653.00
DISCOUNTS	:	11,194,481.00
FINANCIAL LEASING	:	2,744,857.00
CREDIT CARDS	:	15,052.00
OTHER INDIRECT CONTINGENT DEBTS	:	14,404,560.00
: FACTORING	:	5,300,130.00
		--------------------------------------------	--------------------------------------------
TOTAL DEBT	:	86,796,733.00
		=========================	=========================

Comments :

The SBS has granted subject the 100% NORMAL rating from 31/12/2007.

RATING DESCRIPTION ACCORDING TO THE SBS (Caption)
Normal	Good Finantial Situation, Prompt payments, Consistent information. Increasing Trend, Creditworthy.
Potential Problem	Satisfactory Finantial Situation but cash flow can be weak. Irregular payments. Irregular Trend.
Deficient	Fair Finantial Situation, cash problems, profits shortage, delayed and overdue payments.
Doubtful	Heavy Finantial Situation, liquidity shotage, notorious delayed payments, Judicial Collection, Bad Management.
Loss	Bad Finantial Situation, Insufficient funds, declared bankruptcy, debt default.

CREDIT HISTORY

Subject is reported with 44 protested documents during 2008-2012 (not paid on due date), 31 of them were solved and 12 are pending to solved, recent documents are shown in the respective field.
 
Besides, Subject has a debt of S/. 115 Nuevos Soles with Pension Fund Administrator - AFP Integra S. A regarding to a expired period. 
 
It is worth mentioning Subject's purchases are whole carried out through suppliers from abroad

LAWSUITS

No lawsuits against subject were found.

BANKERS

SCOTIABANK PERU S.A.A.
BANCO DE CREDITO DEL PERU
BBVA BANCO CONTINENTAL
BANCO INTERAMERICANO DE FINANZAS
CITIBANK DEL PERU S.A.
 
Subject's financial transactions are carried out through the above mentioned banks which did not provide any references under current legislation and bank secrecy principle.
 
Further, based on other sources Subject uses bank several facilities without adverse records.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.54.81
UK Pound	1	Rs.86.04
Euro	1	Rs.69.06

INFORMATION DETAILS

Report Prepared by :

PRL

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.