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Report Date : |
21.12.2013 |
IDENTIFICATION DETAILS
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Name : |
PFIZER S.R.L. |
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Registered Office : |
Virrey Loreto No.2477, Buenos Aires City |
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Country : |
Argentina |
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Financials (as on) : |
30.11.2010 |
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Date of Incorporation : |
23.09.1998 |
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Legal Form : |
Liability Limited Company |
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Line of Business : |
Engaged in production, processing, industrialization, import, export
of drugs and chemical, biological and medicinal products. |
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No. of Employees : |
650 |
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 : |
USD 30,00,000 |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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 – September 30th, 2013
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Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
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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.
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Source : CIA |
PFIZER S.R.L.
CUIT.Nº.: 30-50351851-8
FOLLOWER OF ACTIVITIES, INCORPORATED IN 1998.
NO FINANCIAL DATA PROVIDED ONLY TO BANKS AND TAX COMPTROLLERS, BALANCE SHEET AS
30/11/2010 LAST KNOWN. NO NEGATIVE REGISTERED. APT FOR CURRENT CREDITS
AND ADDITIONAL GUARANTEES.
> DRUGS FOR HUMAN USE
> PHARMACEUTICALS
> COMERCIALIZATION
> DISTRIBUTION
Legal form:
Liability limited
company
Created: 23/09/1998
Registered R.P.C.: 09/10/1998
Duratiòn: 99 years
Credit Limit USD 30,00,000
End of fiscal year: 30/11
Afip 20 de Defensa 135 de Subsuelo en la
Ciudad de Buenos Aires.
Accountant: Javier de Lerma
Legal, administratión and sales: Virrey Loreto No.2477, Buenos Aires City,
Repúblic of Argentina.
Phone: (54-11) 4788-7000
E.Mail: urabaa@pfizer.com
Website: www.pfizer.com.ar
General manager: ANNIE MARIE JOSE FRANCINE NIJS
Manager: MARIA COSTANZA LOSADA
The first of those is responsible for the management and administration of the
company, in its capacity as manager, with the use of the firm name
individually.
SOCIAL CAPITAL $ 568.088.680.-
Is hereby given that by Reunion of members held on 20/09/2012, and under
excision - fusion of Pfizer SRL and Alpharma of Argentina SRL, was resolved to
reduce the share capital of the socuedad in the sum of $ 27,364,005. ie the sum
of $ 595,452,680 to the sum of $ 568,088,680, and to amend Article 5 of the
social contract. Maria Fernanda Molina, authorized by Reunion Pfizer SRL
Partner 20/09/20125 date.
Official Gazette of the Republic Argentina - No. 32524 of 16/11/2012
It is able to demonstrate that the
activities outlined were initiated years ago by business name PFIZER ARGENTINA SACI, as a subsidiary of a foreign
company, operating under the legal status until 1954.
At that time and in order to continue with the efforts that the company was
developing, is organized as a continuation PFIZER SA, incorporated on
25/08/1954 and registered with the Public Registry of Commerce on 06/04/1956.
By then the company was established with central offices located in street
Viceroy Loreto 2477, Capital Federal, and laboratories Avda John Mc Keen 3501,
Moreno (BA), Avda Circunvalacion s / n º, City Bell (BA) and The Talas, Pdo.
Berisso (BA).
For minutes of the Extraordinary General Assembly of 23/09/1998 deed No. 693
resolved to transform that company into Limited Liability going to operate
under the current name of PFIZER SRL, aiming at the production, processing,
industrialization, import, export of drugs and chemical, biological and
medicinal products.
As of 21/11/2007 it was informed that membership meeting held on 28/09/2007,
SEARLE ARGENTINA SRL, working its dissolution without liquidation adding that
in that year the company had absorbed Pharmacia ARGENTINA SA
Was also related to PFIZER HEALTH AB SUCURSAL ARGENTINA, located in N.
Avda.Leandro 928 7th of.721 Alem, Buenos Aires. This company by decision of the
Board of the Parent Company of 22/11/2005, resolved to liquidate.
The company with over 15 years of experience is present in 180 countries and
has more than 11,000 total empeados whose common feature is to accept the
challenge of providing solutions to what the needs of those suffering from
disease.
Every day, 40 million people worldwide are treated with medication Pfitzer.
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Balance
Sheet |
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Balance Sheet Analysis |
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REAL ESTATE:
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- Virrey Loreto No.2477, Buenos Aires City, Repúblic of Argentina.
- Carlos Berg 3669 (CP. C1437 BEM),
Buenos Aires City, Repúblic of Argentina. Whit surface of 14.500 m2.
SMURFIT KAPPA S.A.
Credits: $ 1.500.000
Payments: 30/60/90/120 days
Concept: good.
The joint review is dedicated to the
manufacture and marketing of human medicines and pharmaceuticals.
For normal development of such efforts has made ??an important art
infrastructure, counting his time with the tech support from its parent.
The plant has an installed production capacity in three shifts to produce
annually about 700 million tablets, 75 million capsules, 20 million bottles and
envelopes and put about 65 million units of finished product.
65% of the units are manufactured for the local market, 25% of exports to the
Mercosur countries and the remaining 10% to local services for third parties.
The plant has a production surfaceof 14500 m2 and has ample opportunities for
expansion.
It is widely entrenched in the local market and its products are renowned,
being considered stable outlook.
FOREIGN TRADE:
--------------
In the last twelve months, it has made specific imports by u$s. 5.363.826
according to the following detail:
PUERTO RICO 1.228.228
EEUU 1.131.462
BRASIL 678.875
OTHERS 2.325.261
SUPPLIERS:
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CARTOCOR S.A.
SMURFIT KAPPA S.A.
* 650 employees
- Plant of production:
Carlos Berg 3669 (CP. C1437 BEM), Ciudad de Buenos Aires, República Argentina.
- Others address:
Avda. Diaz Velez 5044, Ciudad de Buenos Aires.
Carlos Berg 3635, Ciudad de Buenos Aires
Tte. Gral. J.D.Peron 4151, Ciudad de Buenos Aires
Avda. Cordoba 1889, Ciudad de Buenos Aires
Dr. Juan F. Aranguren 2701, Ciudad de Buenos Aires
San Blas 5543, Ciudad de Buenos Aires
Dr. Juan Finochietto 849, Ciudad de Buenos Aires
Colon 1161, Tres Arroyos, Buenos Aires
Balcarce 558, Toay, La Pampa
B.Mitre 50, Santa Rosa, La Pampa
Sarmiento 311, Trenque Lauquen, Buenos Aires.
2 de Abril s/nº, Trujuy, Buenos Aires
Avda. Rivadavia 26, Tandil, Buenos Aires.
Maipu 584, Tandil, Buenos Aires.
Fugl 855, Tandil, Buenos Aires
Mariano Moreno 2433, Bella Vista, Buenos Aires.
Ernesto Grant 235, Moron, Buenos Aires
Cangallo826, Temperley, Buenos Aires
Sitio de Montevideo 53, Lanus, Buenos Aires.
CITIBANK N.A.
Centralhouse
CREDIT RISK OCTOBER 2013
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AMERICAN EXPRESS $ 2.224.200
Situation 1: normal.
INSURANCE:
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MAPFRE CIA.DE SEGUROS GENERALES S.A.
It is commercially related to companies of
this one and other places, good part of which offer its credit support without
making until the moment objections on the modes of payment that it sustains.
* FULFILLMENT: NOT OBJECTED.
The lack of negative antecedents makes
viable the credit relation with the company, by current credits and additional
guarantees.
* APT FOR CREDITS
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.62.24 |
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UK Pound |
1 |
Rs.101.81 |
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Euro |
1 |
Rs.84.88 |
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.