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Report Date : |
03.08.2013 |
IDENTIFICATION DETAILS
|
Name : |
ROYAL SANTE DEPOT
PHARMACEUTIQUE ROYAL S P R L |
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|
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Registered Office : |
Depot
Pharmaceutique, Royal SPRL 20 A U Lomani Lubumbashi Katanga |
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Country : |
Congo |
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Date of Incorporation : |
01.01.2001 |
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Legal Form : |
Societe Privee Anonyme
Responsabilite Limitee. |
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Line of Business : |
Subject operate as
dealers in pharmaceuticals and allied products |
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|
No. of Employees : |
35 employees |
RATING & COMMENTS
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MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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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 – March, 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Congo |
B2 |
B2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Congo - ECONOMIC OVERVIEW
The economy of the Democratic Republic of the Congo - a
nation endowed with vast natural resource wealth - is slowly recovering after
decades of decline. Systemic corruption since independence in 1960, combined
with country-wide instability and conflict that began in the mid-90s has
dramatically reduced national output and government revenue and increased
external debt. With the installation of a transitional government in 2003 after
peace accords, economic conditions slowly began to improve as the transitional
government reopened relations with international financial institutions and
international donors, and President KABILA began implementing reforms. Progress
has been slow to reach the interior of the country although clear changes are
evident in Kinshasa and Lubumbashi. An uncertain legal framework, corruption,
and a lack of transparency in government policy are long-term problems for the
mining sector and for the economy as a whole. Much economic activity still
occurs in the informal sector and is not reflected in GDP data. Renewed
activity in the mining sector, the source of most export income, has boosted
Kinshasa's fiscal position and GDP growth in recent years. The global recession
cut economic growth in 2009 to less than half its 2008 level, but growth
returned to around 7% per year in 2010-12. The DRC signed a Poverty Reduction
and Growth Facility with the IMF in 2009 and received $12 billion in
multilateral and bilateral debt relief in 2010, but the IMF at the end of 2012
suspended the last three payments under the loan facility - worth $240 million
- because of concerns about the lack of transparency in mining contracts. In
2012 the DRC updated its business laws by adhering to OHADA, the Organization
for the Harmonization of Business Law in Africa. The country marked its tenth
consecutive year of positive economic expansion in 2012.
|
Source
: CIA |
|
Registered Name: |
ROYAL SANTE DEPOT
PHARMACEUTIQUE ROYAL S P R L |
|
Requested Name: |
ROYAL SANTE |
|
Other Names: |
None |
|
Physical Address: |
Depot
Pharmaceutique, Royal SPRL 20 A U Lomani Lubumbashi Katanga |
|
Postal Address: |
20
A U Lomani Lubumbashi |
|
|
Katanga |
|
Country: |
DRCongo |
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Phone: |
243-824471111/819786515 |
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Fax: |
243-819786515 |
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Email: |
sshajiyani@yahoo.com |
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Website: |
None |
|
Legal Form: |
Societe Privee Anonyme
Responsabilite Limitee. |
|
|
Date Incorporated: |
1-Jan-2001 |
|
|
Reg. Number: |
DRC |
|
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Nominal Capital |
CFA.
10,000,000 |
|
|
Subscribed Capital |
CFA.
10,000,000 |
|
|
Subscribed Capital is Subscribed in the following form: |
||
|
|
Position |
Shares |
|
Mr. Yogendrasinh Jadeja |
Director |
|
|
Mr. Salim hajiyani |
Director |
|
|
None |
Parent company. |
|
None |
Subsidiary company. |
|
None |
Affiliated company. |
|
None |
Shareholder of subject
firm. |
|
None |
Branches of the firm |
|
Registered to operate as
dealers in pharmaceuticals and allied products |
|
|
Imports: |
Asia |
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Exports: |
Asia |
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Trademarks: |
None |
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Terms of sale: |
Cash (30%) and 25-90 days (70%), invoices. |
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|
|
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Main Customers: |
Hospitals, Medical firms and organizations |
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Employees: |
35 employees. |
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Vehicles: |
Several motor vehicles. |
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Territory of sales: |
DRC |
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Location: |
Rented premises, 5,000 square feet, |
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_______________________________________________________________________ |
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AUDITORS AND INSURANCE |
|
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Auditors: |
Information not
available. |
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Insurance Brokers: |
Information not
available. |
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Currency Reported: |
West African Franc (CFA.) |
|
|
Approx. Ex. Rate: |
1 US Dollar = 96.82 West
African Franc |
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Fiscal Year End: |
December 31, 2012 |
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Inflation: |
According to information given by independent sources, the inflation
at December 31st, 2012 was of 13%. |
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||
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Financial Information not
Submitted |
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Profit and Loss
(expressed in CFA.) |
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|
|
|
2012 |
|
Sales |
|
520,000,000 |
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Bank Name: |
CITIBANK |
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Branch: |
DRC |
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Comments: |
None |
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Experiences: |
Good |
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NOTARIAL BONDS |
None |
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This information was
obtained from outside sources other than the subject company itself and
confirmed the above subject. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.80 |
|
|
1 |
Rs.91.95 |
|
Euro |
1 |
Rs.80.36 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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.