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Report Date : |
09.11.2012 |
IDENTIFICATION DETAILS
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Name : |
LABORATORIO VIDA LABOVIDA S.A. |
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Registered Office : |
Av. Juan Tanca
Marengo, Manzana B, Solar 4, Cdla. Santa Adriana, Edificio, Labovida, Frente
al Colegio Americano. - |
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Country : |
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Date of Incorporation : |
31.07.1997 |
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Legal Form : |
Stock Company |
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Line of Business : |
Manufacturer of generic pharmaceutical products for human use. |
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No. of Employees : |
130 employees |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
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C1 |
C1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
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Source : CIA |
LABORATORIO VIDA
LABOVIDA S.A. ( LABOVIDA S.A. )
Av. Juan Tanca Marengo, Manzana B, Solar 4, Cdla. Santa Adriana,
Edificio
Labovida, Frente al Colegio Americano. - Guayaquil
Guayas
ECUADOR
Telephone : 593-4-6009158, 593-4-6009159
E_Mail : wendymelanye@hotmail.com
Web Site : www.grupolabovida.com
T A X : 0991410465001
Started : 1997
Total Employees : 130
Payments : Prompt
Subscribed Capital : US$ 10.000.-
Sic(s) : 2833
Line of Business: Production
of pharmaceuticals
Financial statements could not be obtained, thus financial analysis can
not be carried out
According to the Superintendence of Companies the most important figures
as of
December 31st, 2010 are:
Sales US$ 2.015.723
Assets US$ 817.219
Liabilities US$ 611.101
Equity US$ 206.118
Profit US$ 32.376
COMMERCIAL
INFORMATION
Commercial Bulletin : As at
31/08/2012 subject does not register protested
checks
in the national central of risk
Suppliers' trade references are supplied as follows:
Detail of References
Old : 8 years
Last purchase : 10-2012
Terms : 30-60
days
Payment : Prompt
Notes : checks
Credit : (US$)
30.000
Owes : -
Due : Does not
Register
Paying Comments: Excellent
Purchase Aver. : (Monthly US$) 20.000
Last purchase value US$ 15.000,00
Old : 5 years
Last purchase : 10-2012
Terms : 30-45
days
Payment : Prompt
Notes : checks
Credit : Open
Owes : -
Due : Does not
Register
Paying Comments: Excellent
Purchase Aver. : (Monthly US$) 2.000
Last purchase value US$ 600,00
Detail of Former Trade References
--------------------------------------------------------------------------------
Last
Credit Owes
Old Purch.
Payment. Notes (US$) (US$)
--------------------------------------------------------------------------------
6 years 09-11 Cash
bank transfer
- None
7 years 10-11 Prompt
checks
20.000 None
4 years 11-11 Prompt
checks Open
None
Since 2007 01-11
Prompt checks Open None
Since 2004 02-11
Prompt checks 20.000 -
This company is NOT part of the ''White Listing'' of the Internal Revenue
Service (IRS). It means that
pending tax obligations should be settled up in
the next months 3 months
Detail of Bank
References
Below are listed the top five banks in which this company has credits in
the
National Financial System.
Bank : Banco Bolivariano C.A.
To expire :
US$ 664,67
Bank :
Banco de Guayaquil S.A.
To expire :
US$ 9.736,05
Bank :
Banco General Rumiñahui S. A.
To expire : US$ 143.635,80
Bank :
Banco Internacional S.A.
To expire :
US$ 218.813,01
Bank :
Banco Pichincha C.A.
To expire :
US$ 183.395,23
Total debt as of August 2012 is US$ 769.040,00
Credit history
Laboratorio Vida (Labovida) S.A. has a registered credit in the National
Financial System in February, 2010, with 2 months of overdue term for USD
2.969,85 at Banco Pichincha C.A.
Maximum amount of indebtedness registered by the subject -, in the
National Financial System was US$ 769.040,00 in August, 2012
Average amount of indebtedness registered by the subject, in the
National Financial System:
During 2012 was US$ 485.412,07
During 2011 was US$ 188.772,70
During 2010 was US$ 95.783,80
During 2009 was US$ 90.304,22
Indebtedness with 2 months past due.
Date amount
in US$
November, 2009
2.969,85
February, 2010
2.969,85
Income tax corresponding to the last years:
Year 2011: USD 11.476
Year 2010: USD 10.792
Year 2009: USD 10.061
The main banks are:
- Banco Bolivariano C.A.
- Banco de Guayaquil S.A.
- Banco General Rumiñahui S. A.
- Banco Internacional S.A.
- Banco Pichincha C.A.
Line of Business : Manufacture of generic pharmaceutical products for
human use.
Economic activity registered at Internal Revenue Service
(IRS) is:
MANUFACTURE OF PHARMACEUTICAL PRODUCTS FOR HUMAN
USE, THEY COULD BE GENERIC OR
WITH A TRADE MARK. FOR SALE TO
THE GENERAL
PUBLIC OR RULED BY THE AUTHORITIES.
Corporate
purpose registered at Superintendency of
companies is:
Development and exploitation of medical
pharmaceutical
and surgical products.
Classification according to commercial activity:
Sic: 2833-0000 Medicinals and botanicals
Sales
Sales are steady throughout the year
National sales territory
Customers
Main customers are: Private hospitals, line of business' distributors,
drugstores, hospitals.
Purchases
Domestic and international purchases
Imports from Colombia, Venezuela, Brazil, Switzerland, Italy, Spain,
China.
Main suppliers
- Crecicorp S.A.
- Ecoenvases C. Ltda.
- Ecudos S.A.
- Farmayala Pharmaceutical Company S.A. (FPC)
- Latienvases S.A.
- Proveedores Quimicos Provequim C.A.
- Quifatex S.A.
- Resiquim S. A.
- Solvesa Ecuador S.A.
Employees: 130 employees
According to the latest report made in November 2011, this company had
116
employees; at present it hired 14 employees more.
Location
- Administrative offices, and
factory are located at Av. Juan Tanca Marengo,
Manzana B, Solar 4, Cdla. Santa
Adriana, Edificio Labovida, Frente al Colegio
Americano. Guayaquil Guayas,
Ecuador
Branches
- Isla San Cristobal 1038 y Rio
Coca Quito Pichincha Ecuador
- The registered branch is a
sales office located in Quito, and it was
confirmed that there is another
branch in Cuenca but its address is unknown
Subject is related to the following companies:
- Distribuidora Aguilar S.A.
Aguidasa T A X : 0991409416001
- Laboratorios Danivet S.A. T A X
: 0991413839001
Insurance Company:
-Hispana de Seguros S.A.
Risks : All risks.
Objetive : Assets in
general.
General Manager : Monica
Teodora Aviles Aviles TAX:0912081007001
Executive President : Julio
Alberto Aguilar Maldonado TAX:0907998579001
Finances Manager : Karina
Guaman
General Manager : Wendy
Perez
Assistant
CURRICULUM
Monica Teodora Aviles Aviles
T A X :
0912081007001
Civil status : Married
Birth date : 28/02/1968 -Ecuador
Position : General
Manager
Mercantile Register : Number 16916 of 20/09/2011
Simultaneously : Legally
registered at IRS to carry out business by his own
account
since June 27th of 2002. Her registered economic
activity is:
Sale of food and beverages in caffe shops. No
trade name
Curriculum : Spouse of
the Executive President
Julio Alberto Aguilar Maldonado
T A X : 0907998579001
Civil status : Married
Birth date : 29/04/1963
-Ecuador
Position : Executive
President
Mercantile Register : Number 16805 of 19/09/2011
Previously : He was
legally registered at IRS to carry out personal
business
since 15-12-1993 until 31-10-2004.. His
registered
economic activity was: Commercial Service and
intermediation Activities. His trade name was Aguicon.
Legal Structure : Stock Company
Constitution date : 31/07/1997
Authorization : Resolution Nº 2953
Notary : N° 7, Guayaquil Guayas
Term of duration : 50 Year, ended on 31/07/2047
Legal Address : Guayaquil - Ecuador
Published in : Official Gazette dated 25/08/1997
Current Subscribed Capital: US$ 10.000.-Divided to 10.000.- common
shares unique
series
amounting US$ 1.-
Subscribed & paid-in Initial Capital: US$ 4.000.-
Shareholders :
- 99,96% 0907998579001 Julio
Alberto Aguilar Maldonado
- 0,02% Julio Josue Aguilar
Mayea
- 0,02% Sthefany Elizabeth
Aguilar Mayea
Legal representation is held by Executive President and General Manager.
Legal changes
By Resolution Nº 5875 on 01/07/2004, notary N° 1, Guayaquil Guayas,
published in
the Official Gazette dated 30/10/2004, last capital increase was
performed USD
6.000,00 of National Investment
On 03/12/2009, Was disolved By resolution Nº 7626 dated on 03/12/2009,
the
Superintendency of Companies decided to declare in dissolution to the
company
Laboratorio Vida (Labovida) S.A.,according the Art. 361, numeral 8 of
the
Companies ' Law, which says: "In the collective companies, in
commandite and
limited by shares, by reduction of the number of partners to less than
the legal
minimum , and new partners were not added or the type of company was not
changed
in the term of three months, the remaining owner will continue being
responsible
by the social liabilities acquired"
Rescind:
By resolution Nº 473 dated 25/01/2010, the Superintendency of Companies
decided:
Rescind the resolution Nº 7626 dated 03/12/2009, because the company has
overcome the causal of dissolution
Initial capital stock (constitution) in Sucres was S/ 100.000.000
Registered commercial name: Labovida S.A.
INFORMATION
SOURCES
On 26/10/2012 Miss. Wendy Perez, General Manager Assistant, declined financial
information as she is not authorized to provide it, 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
INTERPRETATION OF
PAYMENT SCORING
The Scoring is arranged as follows: 0 to 40 Delays, 41 to 60 Slow, 61 to
80
Moderate, 81 to 100 Prompt
Macroeconomic
Information
Interest Rate for the week
01/10/2012 - 07/10/2012
Ref. Active Rate for Operations ( % ) 8,17
Ref. Passive Rate for Operations ( % ) 4,53
Basic Rate of Central Bank ( % ) 0,20
Legal ( % ) 8,17
Maximum conventional ( % ) 9,33
Inflation Ratio
Yearly Inflation ( % ) 5,22 Sep/2012
Monthly Inflation ( % ) 1,12 Sep/2012
Accumulated ( % ) 4,12 Sep/2012
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.44 |
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UK Pound |
1 |
Rs.87.00 |
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Euro |
1 |
Rs.69.43 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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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.