MIRA INFORM REPORT

 

 

Report Date :

11.07.2012

 

IDENTIFICATION DETAILS

 

Name :

ALFIL ANDINA S.A.C.

 

 

Registered Office :

De Las Artes Norte 855, San Borja, Lima,41

 

 

Country :

Peru

 

 

Financials (as on) :

31.12.2011

 

 

Date of Incorporation :

03.02.1997

 

 

Com. Reg. No.:

Index Card 138393, Entry 117

 

 

Legal Form :

Closely-held Corporation

 

 

Line of Business :

Commission representatives and distributors of chemicals for the pharmaceutical, veterinary and cosmetics industry

 

 

No. of Employees :

12 (Administrative)

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

Payment Behaviour :

Slow

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 31st, 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

ALFIL ANDINA S.A.C.

TAXPAYER REGISTRATION

RUC 20340838514

MAIN ADDRESS

De Las Artes Norte 855, San Borja

POSTAL CODE

Lima,41

PROVINCE / DEPARTAMENT

Lima / Lima

STATE / REGION

Lima

COUNTRY

PERU

TELEPHONE

(511) 2070730 - 2263763

E-MAIL

oscar@alfilandina.com

WEB

www.alfilandina.com

 

 

SUMMARY

 

Date of foundation

1997

Capital stock

S/.307,726.= Nuevos Soles

Shareholders' equity

61,847.58 Nuevos Soles (31DEC2011)

Annual revenues

US$ 529,418.85 Nuevos Soles (31DEC2011)

Profits (loss)

15,051.00 Nuevos Soles (31DEC2011)

permanent employees

12 (Administrative)

Chief Executive

CHIRINOS MIRANDA, OSCAR JORGE

Disposition

Excellent.- Full information and updated figures.

Payments policy

Delays but within sector norms

 

 

 

LEGAL BACKGROUNDS

 

LEGAL STATUS

Closely-held Corporation

DATE OF INCORPORATION

03FEB1997

STARTING DATE

04/02/1997

PLACE OF REGISTRY

Lima

NOTARY OFFICE

Germán Nuñez Palomino

DURATION

Indefinite.

REGISTRATION

Index Card 138393, Entry 117

INITIAL CAPITAL

S/ 3,500.= Nuevos Soles

CURRENT PAID-IN CAPITAL

S/.307,726.= Nuevos Soles

LAST CAPITAL INCREASE

31/12/2007.

SHAREHOLDERS EQUITY

61,847.58 Nuevos Soles (31DEC2011)

CLASS OF SHARES

Registered.

LISTED AT STOCK EXCHANGE

No

SHARE VALUE

S/.30.= Nuevos Soles

CURRENT EXCHANGE RATE (US$)

S/.2.65 per USD1

 

DIRECTORS - EXECUTIVES – SHAREHOLDERS

 

FULL NAMES / COMPANY NAME

TITLE

%PART.

SINCE

CHIRINOS MIRANDA, OSCAR JORGE

General Manager

99%

 

MIGUEL HERVIAS, MIGUEL

General Coordinator

 

 

CHIRINOS MIRANDA, HORTENCIA

Shareholder

1%

 

 

 

WHO IS WHO?

 

CHIRINOS MIRANDA, OSCAR JORGE

NATIONALITY

Peruvian

D.O.B.

12FEB1956

ID

DNI 25621085

PROFESSION

Economist

TAX ID

10256210857

BACKGROUND INFORMATION

 
Backgrounds:  He has 35 years experience in supplying pharmaceutical raw materials. Worked for the firm Síntesis Química SA as Central Manager, for 21 years.
 
Personal property:
(01) Automobile SUBARU, of year 2002
(01) Van TOYOTA, no further details available

 

 

 

 

CHIRINOS MIRANDA, HORTENCIA

NATIONALITY

Peruvian

D.O.B.

09AUG1950

ID

DNI 09074930

TAX ID

10090749302

 

 

 

 

 

RELATED COMPANIES TO SUBJECT COMPANY OR TO MAJORITY SHAREHOLDER

 

COMPANY NAME

COUNTRY

TAX REG.

RELATION %

ALFIL ANDINA EXPORT S.A.C.

PERU

20515674714

Related

ALFL ANDINA ECUADOR

ECUADOR

 

Related

 

BUSINESS

 

SIC Classification
5 1 - WHOLESALE TRADE-NON-DURABLE GOODS. (Papers, Perfumes, drugs, hardware, Groceries, apparel, food, dairy products, beverages.)

Main activity

 
Commission representatives and distributors of chemicals for the pharmaceutical, veterinary and cosmetics industry
 
Authorized representatives of the firms:  SUSAN FARENA (Spain), DR. REDDYS (India), TRANSOPHARM (Germany), BUCKTON SCOTT (United Kingdom).

Import

Yes

Country

India

ANNUAL Imports In US$ (CIF)

YEAR

AMOUNT

2012

41,629.00

2011

79,188.00

2010

33,358.00

2009

30,223.00

2008

47,273.00

2007

39,120.00

2006

21,928.00

2005

16,522.00

2004

44,228.00

Export

Yes

COUNTRY

Brazil

Annual exports in US$ (FOB)

YEAR

AMOUNT

2012

13,949.00

2011

13,949.00

% CASH SALES / METHOD

10%

% Credit SALES / Terms

90% (drafts 60 and 120 days)

% Ventas exterior (Paises)

5%

% FOREIGN PURCHASES

100% (10% Cash and 90% Credit at 120 days)

SELLING TerritorY

Domestic and international markets

EMPLOYEES

12 (Administrative)

LOCATION

PREMISES

Rented

VALORIZED IN

US$1,400.=

TIME OCCUPIED

2008

FLOORS

1

AREA

180 m2

OTHER PREMISES

 
The address of heading corresponds to Company's Headquarters and Tax Domicile.
 
Previously had as tax domicile the following addresses:
- Calle Carlos Ferreyros 120, Int. 203B, Urb. Corpac, San Isidro/Lima,27 (Discontinued 26/05/2008)
- Av. Javier Prado Este 3040, Int.504, C.C. Plaza, San Borja/Lima,41 (Discontinued 17/08/2004)
- Calle Tres 293, Urb. Los Huertos de San Antonio, Surco/Lima,33 (Discontinued 07/08/2001)
- Calle Scipion Llona 233, Miraflores/Lima,18 (Discontinued 24/03/2000)
 
Use storage services of Hersil Laboratories SA

Comments

 
Subject is a representative of the firms DOCTOR REDIS from India and BUCKTON SCOTT LTD. from England.

 

 

FINANCIAL INFORMATION

 

Interviewee(s)

Oscar Jorge Chirinos Miranda

Position(s)

General Manager

Disposition

Excellent.- Full information and updated figures.

Information provided

 
The person interviewed confirmed, revised and increased commercial information. Regarding our request for financial statements, he gave out the main figures of the latest Balance Sheet available as of 31/12/2011 (12 months) expressed in Nuevos Soles, compared with those of previous year. Says that by 2012 estimate to increase sales by 10% over 2011 sales.
 
Simultaneously, we consulted public sources where we found some additional data of interest.

 

BALANCE SHEET

Balance sheet date

31DEC2011

31DEC2010

 

 

Type of balance sheet

Annual

Annual

 

 

Period

12 Months

12 Months

 

 

Currency

Nuevos Soles

Nuevos Soles

 

 

Exchange rate per US$

2.6

2.8

 

 

A S S E T S

 

 

 

 

Cash/bank

16,462.04

 

 

 

Receivables

1,618,204.98

 

 

 

Inventory

420,439.69

 

 

 

Current Assetsd

2,055,106.71

1,483,280.00

 

 

Fixed

6,129.01

5,585.00

 

 

Others

297,717.84

254,628.00

 

 

Total Assets

2,358,953.56

1,743,493.00

 

 

L I A B I L I T I E S

 

 

 

 

Bank/Suppliers

2,061,843.31

 

 

 

Others

99,558.73

 

 

 

Current liabilities

2,161,402.04

1,569,142.00

 

 

Long term

0.00

 

 

 

Others

135,703.94

120,377.00

 

 

TOTAL LIABILITIES

2,297,105.98

1,689,519.00

 

 

S H A R E H O L D E R S'  E Q U I T Y

 

 

 

 

Capital

307,725.78

 

 

 

Profits (Loss)

15,050.51

 

 

 

Others

-260,928.71

 

 

 

Total shareholders equity

61,847.58

53,974.00

 

 

Total Liab. / Sh. equity

2,358,953.56

1,743,493.00

 

 

Sales

1,376,489.00

1,291,271.00

 

 

Profit (Loss)

15,051.00

15,611.00

 

 

 

R A T I O

 

Liquidity ratio

0.95

Current assets / Current liabilities

Debt-to-equity ratio

2.86 %

(Shareholders' equity / Current liabilities %)

Profitability margin

1.09 %

(Profits / Sales %)

Working capital

-106,295.33

(Current assets - Current liabilities)

FINANCIAL SITUATION

 
B: FAIR
According to the latest financial statement submitted to us and / or general business conditions, we estimate the financial position of the company is FAIR on the grounds that:
- It shows a very weak liquidity ratio.
- It has a debt higher than equity 
- The operational results are very limited.
-The solvency of the owners is compromised.
 
In local trade quarters Subject has been reported prompt fulfillment of payments.
 
However, by other sources of consultation have learnt of neglect in the payment of their contributions to a pension fund administrator.

Property of company comments

 
Consist of:
11 Computers
6 Printers
1 Van KIA Sorrento
1 car MAZDA
12 Desks
1 Laptop

 

TRADE REFERENCES, CREDIT BUREAU, LAWSUITS, BANKS


(Confidential Information)

TRADE REFERENCES

Supplier: ADUATEC SRL

Tel.: (511) 4240620

Country: PERU

Goods/Services? : Customs services

 

 

Highest credit? : NC Unlimited

 

 

Client since? : 2001

Terms? : 30 days

Performance? : Prompt

Supplier: DHL PERÚ S.A.

Tel.: (511) 5754433

Country: PERU

Goods/Services? : Courier service

 

 

Highest credit? : US$ 2,000

 

 

Client since? : 2005

Terms? : 30 days

Performance? : Prompt

Supplier: FEDEX EXPRESS

Tel.: (511) 5176050

Country: PERU

Goods/Services? : Courier service

 

 

Highest credit? : NC No specified

 

 

Client since? : 2008

Terms? : Cash

Performance? : No experience

Supplier: CORREO PRIVADO S.A.C.

Tel.: (511) 6195900

Country: PERU

Highest credit? : n/a

 

 

Comments : Do not give reference on clients.

Supplier: HERSIL LABORATORIOS

Tel.: (511) 7133333

Country: PERU

Highest credit? : n/a

 

 

Comments : Do not give client references

Supplier: NEXTEL PERÚ SA

Tel.: (511) 6111111

Country: PERU

Highest credit? : n/a

 

 

Comments : Do not give client references.

 

 

Note : Other suppliers did not provide information or could not be consulted

 

Supplier

Country

Comment

BUCKTON SCOTT LTDA.

UNITED KINGDOM

 

BUCKTON MINI CHEM LTD.

 

 

SUAN FARMA S.A.

SPAIN

 

DR. REDDY'S LABORATORIES

INDIA

 

 

 

SUPERINTENDENCY OF BANK & INSURANCE (SBS)

 

Debt structure for bank. SBS Latest Consolidated Credit Report as of : 31/05/2012

 

Bank

Debt Rating

Current Debt

S/.

US$

CREDITO

NORMAL

47,730.00

 

Total

47,730.00

 

 

CONSOLIDATED DEBT (ALL BANKS)                              ENTITIES NUMBER : 1                           31/05/2012

 

 

 

Domestic Currency

Foreign Currency

CREDIT CARDS

:

47,676.00

 

 

:

54.00

 

 

 

--------------------------------------------

--------------------------------------------

TOTAL DEBT

:

47,730.00

 

 

 

=========================

=========================

 

 

Comments :

The SBS gives 100% NORMAL rating from 31/12/2009.

 

 

 

CREDIT HISTORY

No of protested documents, checking account closed, canceled credit card or outstanding tax debts found.
 
However, it has been reported legal debt collection for S/. 1,220.39 Nuevos Soles, in favour of AFP Integra SA (Pension fund administrator) for debt in arrears 7 periods (2010-11, 2010-12, 2011-01, 2011-02, 2011-08, 2012-01, 2012-03).

 

 

BANKERS

 

BANCO INTERAMERICANO DE FINANZAS - BANBIF  Acct.Mgr: Laura Reátegui. Tel: 999026136
BANCO DE CREDITO DEL PERU - BCP Acct.Mgr: Karla Pérez. Tel: (511) 6253300
 
The subject is a customer of those banks, which when consulted told us that in compliance with current legal regulations, can not provide information on their customer movements out of respect to banking secrecy.
 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.81

UK Pound

1

Rs.86.53

Euro

1

Rs.68.58

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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.