MIRA INFORM REPORT

Report Date :

12.05.2012

IDENTIFICATION DETAILS

Name :	PRONAQUIM S.A. DE C.V.
Registered Office :	Cerrada Calzolco 22, Col. Pedregal de Santo Domingo, Deleg. Coyoacán 04369 México DF Distrito Federal
Country :	Mexico
Date of Incorporation :	21.10.1997
Legal Form :	Stock Company of Variable Capital
Line of Business :	Importation and distribution of raw materials for the pharmaceutical, naturist, veterinary and food industries.
No. of Employees :	18

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 :	Unknown
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)
Mexico	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

PRONAQUIM S.A. DE C.V.

TRADE NAME

PRONAQUIM

TAXPAYER REGISTRATION

RFC PRO-971021-UF7

MAIN ADDRESS

Cerrada Calzolco 22, Col. Pedregal de Santo Domingo, Deleg. Coyoacán

POSTAL CODE

04369

PROVINCE / DEPARTAMENT

México DF

STATE / REGION

Distrito Federal

COUNTRY

MEXICO

TELEPHONE

(5255) 54211552 - 54211980 - 56107543

E-MAIL

ventas@pronaquim.com.mx

WEB

www.pronaquim.com.mx

COMMENTS

Notice the complete address is as above written.
 
Other e-mails:
 
- pronaquim@prodigy.net.mx
- javierecharte@pronaquim.com.mx

SUMMARY
Date of foundation	1997
Capital stock	No specified
permanent employees	18
Chief Executive	JIMENEZ RIVERA, FRANCISCO
Disposition	Poor.- Only general information without figures.
Payments policy	Usually to terms/good

LEGAL BACKGROUNDS
LEGAL STATUS	Stock Company of Variable Capital
DATE OF INCORPORATION	21OCT1997
PLACE OF REGISTRY	México DF
DURATION	99 years
CURRENT PAID-IN CAPITAL	No specified
LISTED AT STOCK EXCHANGE	No
CURRENT EXCHANGE RATE (US$)	Ps$.13.44 per US$.1.00
MEMBERSHIP	Cámara Nacional de Comercio de la Ciudad de México
COMMENTS	The Company is a member of the National Chamber of Commerce of the City Mexico. Personal information of the executives was not disclosed under confidentiality.

DIRECTORS - EXECUTIVES – SHAREHOLDERS

FULL NAMES / COMPANY NAME	TITLE	%PART.	SINCE
JIMENEZ RIVERA, FRANCISCO	General Manager
ECHARTE ESPINOSA, JAVIER	Assistant Manager
CRUZ ZUÑIGA, FLORENCIA	General Accountant

WHO IS WHO?
JIMENEZ RIVERA, FRANCISCO
NATIONALITY	Mexican
PROFESSION	Engineer by profession

BUSINESS HISTORY

PRONAQUIM SA. DE C.V. is a Mexican company founded on October 21, 1997 in the City of Mexico, intended for the importation and distribution of raw materials for the pharmaceutical industry, natural products, veterinary and food sectors.
 
It is not related to any other company.

BUSINESS

Main activity

Importation and distribution of raw materials for the pharmaceutical, naturist, veterinary and food industries.

Import

Yes

Country

Germany, Italy, China, India; direct credit at 60 days

Export

No

% CASH SALES / METHOD

10%

% Credit SALES / Terms

90% at 30 days

% DOMESTIC PURCHASES

05%

% FOREIGN PURCHASES

95%

SELLING TerritorY

Domestic market - 100%

EMPLOYEES

18

LOCATION
PREMISES	Own
FLOORS	3
AREA	500 m2
OTHER PREMISES	Head offices and warehouse operate at the above address. Premises are located at urban area of the City of Mexico. The Company has no other premises.

Comments

Main Clients: Portfolio comprises around 280 clients, among them:
 
- MORCHEMIE S.A. DE C.V.
- LABORATORIOS BEST S.A. DE C.V.
- TECNOFARMA S.A. DE C.V.
- OLNATURA S.A. DE C.V.
- PROTEÍNAS Y TECNOLOGÍA INTERNACIONAL S.A. DE C.V.-PROTEIN
among other
 
At present PRONAQUIM has over 150 products on stock to offer an immediate answer and efficient service to the requirements of its customers.
The Company represents international organizations which meet GMP's and quality standards ordered by regulating entities. 
Personnel is highly skilled, trained both in the domestic and international markets which allows to offer a reliable and efficient response to customer needs.

FINANCIAL INFORMATION

Interviewee(s)

Florencia Cruz Zúñiga

Position(s)

General Accountant

Disposition

Poor.- Only general information without figures.

Information provided

Florencia Cruz Zúñiga (General Accountant) gave the information contained in this report, except for the financial statements as she had been instructed by the Director General because of its confidential nature. Other sources were consulted but no balance sheets or estimated accounting figures were available.

SALES

US$ 0.00 ()

FINANCIAL SITUATION

NN: UNDETERMINED
Financial situation is indeterminate. Neither balance sheets nor enough trade references were found to assess this Company results at present.

Property of company comments

They include:
- Office furniture and fixtures
- Computers
- Vehicles
 

INSURANCE

COMPANY	AGAINST	EXPIRATION	AMOUNT
SEGUROS TEPEYAC SA DE CV

PAYMENTS RECORD: TRADE REFERENCES

(Confidential Information)

Supplier: MOLÉCULAS FINAS DE MÉXICO S.A. DE C.V	Tel.: (55) 25951440	Country: MEXICO
Goods/Services? : Pharmaceuticals
Highest credit? : No specified
Client since? : 1997	Terms? : 60 days	Performance? : Prompt
Comments : Monthly average: Ps$.150,000 . GOOD CLIENT
Supplier: INTERTEAM S.A. DE C.V.	Tel.: (55) 55149897	Country: MEXICO
Goods/Services? : Logistic services
Highest credit? : No specified
Client since? : Sv.years	Terms? : CASH	Performance? : No experience

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

Supplier	Country	Comment
NORTHEAST PHARM IMP. & EXP. CORP.	CHINA
FIDIA FARMACEUTI S.P.A.	ITALY
IMI CORNELIUS PHARMACEUTICALS PVT. LTD.	INDIA
AADIVIGHNE SH CHEM PRIVATE LTD.	INDIA
LEESHENG INTERNATIONAL CO., LTD.	CHINA
METROCHEM API PRIVATE LTD	INDIA

BANKING INFORMATION

Bank

BBVA BANCOMER SA

BANCO NACIONAL DE MEXICO SA

The Company holds accounts in the above banks. Futher information was not given under confidentiality policy.

GENERAL INFORMATION

REPUTATION

NOTHING AGAINST COMPANY

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.53.64
UK Pound	1	Rs.86.42
Euro	1	Rs.69.28

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.