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Report Date : |
31.08.2013 |
IDENTIFICATION DETAILS
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Name : |
LABORATORIOS MAR S.A. |
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Registered Office : |
Avda. Gaona 3875, Buenos Aires City, (1407) |
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Country : |
Argentina |
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Financials (as on) : |
31.03.2013 |
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Date of Incorporation : |
03.03.1999 |
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Legal Form : |
Public Limited Company |
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Line of Business : |
Processing and marketing of medical specialties for human use. |
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No. of Employees : |
35 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
66,000 USD |
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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) |
|
Argentina |
B1 |
B1 |
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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 |
argentina ECONOMIC OVERVIEW
Argentina benefits
from rich natural resources, a highly literate population, an export-oriented
agricultural sector, and a diversified industrial base. Although one of the
world's wealthiest countries 100 years ago, Argentina suffered during most of
the 20th century from recurring economic crises, persistent fiscal and current
account deficits, high inflation, mounting external debt, and capital flight. A
severe depression, growing public and external indebtedness, and an
unprecedented bank run culminated in 2001 in the most serious economic, social,
and political crisis in the country's turbulent history. Interim President
Adolfo RODRIGUEZ SAA declared a default - at the time the largest ever - on the
government's foreign debt in December of that year, and abruptly resigned only
a few days after taking office. His successor, Eduardo DUHALDE, announced an
end to the peso's decade-long 1-to-1 peg to the US dollar in early 2002. The
economy bottomed out that year, with real GDP 18% smaller than in 1998 and
almost 60% of Argentines under the poverty line. Real GDP rebounded to grow by
an average 8.5% annually over the subsequent six years, taking advantage of
previously idled industrial capacity and labor, an audacious debt restructuring
and reduced debt burden, excellent international financial conditions, and
expansionary monetary and fiscal policies. Inflation also increased, however,
during the administration of President Nestor KIRCHNER, which responded with
price restraints on businesses, as well as export taxes and restraints, and
beginning in 2007, with understating inflation data. Cristina FERNANDEZ DE
KIRCHNER succeeded her husband as President in late 2007, and the rapid
economic growth of previous years began to slow sharply the following year as
government policies held back exports and the world economy fell into
recession. The economy in 2010 rebounded strongly from the 2009 recession, but
has slowed since late 2011 even as the government continued to rely on
expansionary fiscal and monetary policies, which have kept inflation in the
double digits. The government expanded state intervention in the economy
throughout 2012. In May the Congress approved the nationalization of the oil
company YPF from Spain's Repsol. The government expanded formal and informal measures
to restrict imports during the year, including a requirement for
pre-registration and pre-approval of all imports. In July the government also
further tightened currency controls in an effort to bolster foreign reserves
and stem capital flight.
|
Source : CIA |
LABORATORIOS MAR S.A.
C.U.I.T. 30-70207068-2
BEGINNER OF ACTIVITIES. INCORPORATED IN 1999. BALANCE SHEET AS OF 31/03/2013: RESULT
POSITIVE OF REASONABLE IMPORTANCE AND ADEQUATE STRUCTURE ECONOMIC/FINANCIAL. FIT FOR OPERATIONS OF MEDIUM IMPORTANCE AND ADDITIONAL GUARANTEES.
> PROCESSING AND MARKETING OF MEDICAL SPECIALTIES FOR HUMAN USE.
LEGAL FORM: PUBLIC
LIMITED COMPANY
CREATED: 03/03/1999
REGISTERED R.P.C.:
1999
DURATION: 99
YEARS
END OF FISCAL YEAR: 31
MARCH
Credit Limit 66,000 USD
Accountant: Dario
De Valle
Legal and operative address: Avda.
Gaona 3875, Buenos Aires City, (1407) Argentina.
Phone: (54-11)
4582-5090 y 4582.2929
E.Mail: administracion@laboratoriosmar.com.ar
PRESIDENT: DIEGO
EMILIANO MARTINEZ
V.PRESIDENT: RODRIGO
OSVALDO MARTINEZ URIA
DIRECTOR: SILVINA
GABRIELA MARTINEZ URIA
Use of signature: President
and V.President.
This Board was appointed Special Meeting of July 29, 2011 Registration
1147 where he also will increase its share capital stated in the corresponding
items.
It was published in the Official Gazette of Argentina No. 32281 of
November 21, 2011.
Ordinary shares:
----------------
Subscribed and integrated $ 1.068.666.-
MARTINEZ URIA RODRIGO OSVALDO:
-------------------------------
argentino, married, born 23/1/1975, D.N.I. No. 24.424.476
MARTINEZ URIA SILVINA GABRIELA:
------------------------------
argentina, single, born 27/5/1977, D.N.I. 26.001.156
As appears from the findings that have been made, the activities in
question were initiated
and implemented by this society, which is governed by legal clauses
above.
It is known that members of this society develop other commercial
activities.
This is an Argentine laboratory from its genesis, is composed of human
beings that share
principles that require them to assume a social responsibility.
They have a social function to be met by medical laboratories.
Your organization deal with the conviction of knowing that every day,
get the best drugs in
the hands of health professionals.
Below we detail the figures of the Balance Sheet March 31, 2013
expressed in the currency of
our country.
CHANGE THE DATE OF THIS INFORMATION: 1 USD = $ 5.60 OFFICIAL
------------------------------------------------------------
TOTAL CURRENT ASSETS ......................10,862,837
TOTAL CURRENT ASSETS ...................... 2,774,009
TOTAL ASSETS ............................. 13,636,846
TOTAL CURRENT LIABILITIES ..................4,106,178
CTE TOTAL LIABILITIES ......................2,014,987
TOTAL EQUITY ...............................7,515,681
NET SALES .................................18,355,032
FINAL BALANCE ..............................3,517,308
We are in a society that has an interesting investment, with good sales
and having obtained
of the steps taken during the last exercise adequate final benefit which
can reach
satisfactory considerse. –
Continue turning the company still favorable and smoothly
REAL ESTATE:
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- Avda. Gaona 3875, Buenos Aires City, Argentina.
Surface covered of 4000 m2.
VEHICLES:
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21 vehicles, are not obtained details.
DOBFAR SPA Italy
GRAFICA TGA S.A. Argentina
HETERO DRUGS LTD. India
LABORATORIOS FRASCA S.A. Argentina.
Payments: 90 days.
Crédits: u$s 50 and 75.000
Concept: Normal
Holder society is dedicated to the preparation and marketing of medical
specialties for human use. -
Centralizes their actions in reporting the address where he has made
reasonable operational structure.
In front of their own operations are responsible, with all partners 35
employees.
His action shows no unfavorable alternatives and who were consulted
assigned stable outlook.
FOREIGN TRADE:
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From India, Swizerland, Italy, Free zone of La Plata, Province of Buenos
Aires, and Uruguay.
No export.
SOME OF YOUR PRODUCTS FOR ADULT AND PEDIATRIC:
----------------------------------------------
> AMOXI 500
> AMOXI DUO MAR
> CEFAMAR
> DICLOMAR
> METAMAR
> METAMAR RETARD, and others.
Work with the following companies:
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IOMA - IAPOS - IOSCOR - INSSSEP - OSEP - PAMI - OSPRERA
MAIN SUPPLIERS:
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DOBFAR SPA Italy
HETERO DRUGS LTD. India
GRAFICA TGA S.A. Argentina
LABORATORIOS FRASCA S.A. Argentina
* 35 EMPLOYEES.
Official address of the company:
--------------------------------
Gaona Av 3875 | C1407FIA
City of Buenos Aires | Argentina
Tel. / Fax: (54 11) 4582-5090
dptocientifico@laboratoriosmar.com.ar
- administracion@laboratoriosmar.com.ar
BANCO CREDICOOP
Suc. Villa Sahores
BANCO CIUDAD DE BUENOS AIRES
Suc. Villa del Parque
INSURANCE:
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NACION SEGUROS S.A.
CREDIT RISK JUNE 2013
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BANCO CIUDAD $ 848.400
BANCO CREDICOOP 233.100
SITUATION 1: NORMAL
No history against them.
Exercise has normal economic facilities makes use of credits according
to the operational
needs of the moment.
The cancellation is maintained within certain time limits.
* ORDERED COMPLIANCE OBLIGATIONS.
So once again we come to the conclusion that the treatment can credit
with the informed party, operating in moderate amounts and with the guarantees
of practice.
While noting its evolution and compliance.
* SUITABLE FOR NEW CREDITS.
CMA.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.57 |
|
UK Pound |
1 |
Rs.103.34 |
|
Euro |
1 |
Rs.88.16 |
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 |
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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 |
|
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 |
|
<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.