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Report Date : |
01.03.2012 |
IDENTIFICATION DETAILS
|
Name : |
GENERICOS NACIONALES, GENA S.A. |
|
|
|
|
Registered Office : |
Calle B OE7-227 y Autopista General Rumiñahui,
entre el puente 2 y 3 - Quito |
|
|
|
|
Country : |
Ecuador |
|
|
|
|
Date of Incorporation : |
17.10.2003 |
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|
|
|
Legal Form : |
Stock Company |
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|
|
|
Line of Business : |
Medicines for human use manufacture and marketing. |
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|
|
|
No. of Employees : |
42 |
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 : |
Dollars 85.000 |
|
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) |
|
Ecuador |
C1 |
C1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
GENERICOS NACIONALES,
GENA S.A.
( GENA S.A. )
Calle B OE7-227 y Autopista
General Rumiñahui, entre el puente
2 y 3 - Quito
Pichincha
ECUADOR
Telephone : 593-2-2323862, 593-2-2323863, 593-2-2323864
Fax : 593-2-2609473
E_Mail :
contabilidad@gena.com.ec; compras@gena.com.ec, fjp@gena.com.ec
Web Site : www.gena.com.ec
SUMMARY
Started : 2003
Total
Employees
: 42
Payments : Prompt
Subscribed Capital
: US$ 214.662.-
Authorized Capital
: US$ 429.324.-
Sic(s) : 2834
Line of Business: Medicines for human use manufacture and marketing.
EVALUATION
Credit Recommendation
Dollars
Conservative value :
60.000
Liberal value :
85.000
If additional information is received or present information is rectified, this
recommendation may be modified.
Financial indicators
Financial statements could not be obtained, thus financial analysis can not be
carried out
TRADE REFERENCES
Suppliers' trade references are supplied as follows:
Detail of References
Old : 2 years
Last purchase : 02-2012
Terms : cash
Payment : Prompt
Notes : checks
Credit : Open
Owes : Does not Register
Due : Does not Register
Paying Comments: Good
Purchase Aver. : (Monthly US$) 270
Last purchase amount USD 270.00
Old : 2 years
Last purchase : 02-2012
Terms : 30 days
Payment : Prompt
Notes : checks
Credit : (US$) 3.000
Owes : Does not Register
Due : Does not Register
Paying Comments: Good
Purchase Aver. : (Monthly US$) 2.500
Last purchase amount USD 248,00
Old : 5 years
Last purchase : 02-2012
Terms : 30 days
Payment : Prompt
Notes : checks
Credit : (US$) 1.500
Owes : Does not Register
Due : Does not Register
Paying Comments: Good
Purchase Aver. : (Monthly US$) 1.000
Last purchase amount USD 792,00
Detail of Former
Trade References
--------------------------------------------------------------------------------
Last
Credit Owes
Old Purch. Payment.
Notes
(US$) (US$)
--------------------------------------------------------------------------------
5 years 08-10 Prompt
checks
Open
-
New 09-10
Prompt
checks
Open None
6 years 04-09 Prompt
checks
Open None
3 years 05-09 Prompt checks
2 None
1 year 11-06 Prompt
invoice
-
-
5 years 11-06 Prompt
invoice
Open None
6 years 07-06 Prompt
checks
Open None
This company is part of
the ''White listing'' of the Internal Revenue Service
(IRS). It means that tax obligations are promptly met.
Up to January 20th 2012, subject does NOT register any delay in payment in IESS
(Ecuadorian Social Security Institution).
Detail of Bank References
Bank
: Banco Bolivariano C.A.
Credit
Card
: International Credit Card
To
expire
: US$ 8.388,91
Total debt up to January 2012 is US$ 8.388,91
Credit history
Genericos Nacionales, Gena S.A. no registra
en los ultimos 3 años antecedentes negativos en el
Sistema Financiero Nacional.
Maximum amount of indebtedness registered by the subject -, in the National
Financial System was US$ 13.716,30 in October, 2009
Average amount of indebtedness registered by the subject, in the National
Financial System:
During 2008 was US$ 1.856,24
During 2009 was US$ 4.139,92
During 2010 was US$ 4.963,67
During 2011 was US$ 5.999,42
During 2012 was US$ 7.712,04
Income tax corresponding to the last years:
Year 2010: USD 263
Year 2009: USD 3.634
Year 2008: USD 1.225
BANKS
The main banks are:
- Banco Bolivariano
C.A.
- Banco De La Produccion S.A.
- Banco Pichincha C.A.
OPERATIONS
Line of Business :
Medicines for human use manufacture and marketing.
Registered line of business in the Ecuadorian Internal
Revenue Service (SRI) is: PHARMACEUTICALS FOR HUMAN USE
MANUFACTURE AND SALE.
Registered social purpose in the Ecuadorian
Superintendencia de Compañías is: pharmaceuticals,
chemicals, vet, food, agriculture, perfumery, cosmetics
manufacture and marketing.
Classification according to commercial activity:
Sic: 2834-0000 Pharmaceutical preparations
-0201 Analgesics
-0801 Antibiotics, packaged
-0405 Syrups, pharmaceutical
-9905 Medicines, capsuled or ampuled
Sales
Sales are steady throughout the year
National sales territory
Much of the production is sold by another company
of the group.
Customers
Main customers are: Members of the group, drugstores.
laboratories,
The 10 most important customers are:
F.J.P. Fajapro Comercio Y Representaciones Cia. Ltda,
Laboratorios Bago Del
Ecuador S.A., Pharmabol S.A., Medicamenta
Ecuatoriana Sa, Unique
Star Pharm
U.S. Pharm S.A., Interpharm
Del Ecuador S.A., Genetia Pharmactive
S.A, Roche
Ecuador S.A., Farmavida S.A., Roddome Pharmaceutical S.A..
Purchases
Domestic and international purchases
Imports from Peru, Netherlands, United States, Colombia, Germany, Spain,
Argentina. India.
Main suppliers
- Ecuadomino C.A.
- Globalquimicos S.A.
- Labomersa S.A.
- Linexpress S.A.
- Maxigraf S.A.
- Merck C.A
- Metrex S.A.
- Poligraf Andina C Ltda
- Proveedora De Laboratorio Provelab Cia. Ltda.
- Proveedores Quimicos Provequim
C.A.
- Publicaciones Edifarm Sociedad Anonima
- Quifatex S.A.
- Ramirez Perilla Eduardo (Ingeme)
- Sismode Sistemas Modernos De Etiquetado C Ltda
- Wael Alam Etiquetas
Internacionales Cia. Ltda.
Employees: 42 employees
Location
- Administrative offices and factory are located
at. Calle B OE7-227 y
Autopista General Rumiñahui,
entre el puente 2 y 3 Quito Pichincha, Ecuador
Branches
Subject does not have any branch
RELATED COMPANIES
Subject is related to the following companies:
- F.J.P. Fajapro Comercio
Y Representaciones Cia. Ltda
T A X : 1791769589001
- Unique Star Pharm U.S. Pharm
S.A. T A X : 1791839080001 Quito Pichincha
INSURANCES
Insurance Company:
-Sweaden Compañia De Seguros y Reaseguros S.A.
ADMINISTRATION
General Manager : Fausto Alfonso
Mateo Jaramillo Proaño TAX:17055647040
President
: Rita Albergaria
Ochoa TAX:217051645
Finances Manager : Juan Checa
Chief of Human Resources : Miriam Ochoa
CURRICULUM
Fausto Alfonso Mateo Jaramillo Proaño
T A X
: 1705564704001
Civil status : Married
Birth date : 26/09/1958
-Ecuador
Position :
General Manager
Mercantile Register : Number 10216 of 12/09/2008
Simultaneously : Legally registered in the
Ecuadorian Internal Revenue
Service (SRI) to engage in business as individual since
October 30th 2002 Registered economic activity is:
marketer. No registered trade name.
Rita Albergaria Ochoa
T A X
: 217051645
Birth place : United States
Position :
President
Mercantile Register : Number 10215 of 12/09/2008
Maria Belen Jaramillo Ochoa
T A
X
: 1711498343001
Civil status : Married
Birth date : 17/02/1981
-Ecuador
LEGAL INFORMATION
Legal Structure : Stock Company
Constitution date : 17/10/2003
Authorization : Resolution Nº 3524
Notary : N° 14, Quito Pichincha
Term of duration : 100 Year, ended on 17/10/2103
Legal Address : Quito - Ecuador
Published in : Official Gazette
dated 09/10/2003
Current Subscribed Capital: US$ 214.662.-Divided to 214.662.- common shares
unique series amounting US$ 1.-
Authorized Current Capital: US$ 429.324.-
Subscribed & paid-in Initial Capital: US$ 800.-
Legal representation is held by General Manager.
Legal changes
By Resolution Nº 892 on 18/01/2005, notary N° 14, Quito Pichincha, published in
the Official Gazette dated 29/03/2005, last capital increase was performed by
USD 213.862. 00 of Direct Foreign Investment.
It is known that main shareholders are: Fausto
Jaramillo Proaño, Rita Ochoa and
Maria Belen Jaramillo Ochoa.
INFORMATION SOURCES
Miss. Johanna Carranza, Acquisitions Department,
declined
financial information per company's policy, however, submitted general
information.
-Other outside information sources.
Exchange rate
-Since September 9th, 2000, official currency in Ecuador
is the US$ dollar
-Until then, the currency was the sucre.
Exchange rate was s/. 25.000 X US$ 1.00
Macroeconomic Information
Interest Rate for the week
of
01/02/2012 - 29/02/2012
Ref. Active Rate
for Operations ( % ) 8,17
Ref. Passive Rate
for Operations ( % ) 4,53
Basic Rate of
Central Bank ( % )
Legal
( % ) 8,17
Maximum
conventional
( % ) 9,33
Inflation
Ratio
Accumulated
( % ) 0,57 Jan/2012
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.48.94 |
|
|
1 |
Rs.77.95 |
|
Euro |
1 |
Rs.65.94 |
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.