|
Report Date : |
19.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
SANOFI-AVENTIS DE COLOMBIA SA |
|
|
|
|
Registered Office : |
Carrera 9 No. 30-29, Urbanizacion Industrial Los Mangos |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
18.08.1999 |
|
|
|
|
Legal Form : |
Stock Company |
|
|
|
|
Line of Business : |
|
|
|
|
|
No. of Employees : |
400 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No complaints |
|
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 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
|
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Colombia's consistently sound
economic policies and aggressive promotion of free trade agreements in recent
years have bolstered its ability to weather external shocks. Real GDP has grown
more than 4% per year for the past three years, continuing almost a decade of
strong economic performance. All three major ratings agencies have upgraded
Colombia's government debt to investment grade. Nevertheless, Colombia depends
heavily on energy and mining exports, making it vulnerable to a drop in
commodity prices. Colombia is the world's fourth largest coal exporter and
Latin America’s fourth largest oil producer. Economic development is stymied
by inadequate infrastructure and an uncertain security situation. Moreover, the
unemployment rate of 9.7% in 2013 is still one of Latin America's highest. The
SANTOS Administration's foreign policy has focused on bolstering Colombia's
commercial ties and boosting investment at home. Colombia has signed or is
negotiating Free Trade Agreements (FTA) with more than a dozen countries; the
US-Colombia FTA went into force on May 2012. Colombia is also a founding member
of the Pacific Alliance - a regional grouping formed in 2012 by Chile,
Colombia, Mexico, and Peru to promote regional trade and economic integration.
In 2013, Colombia began its ascension process to the OECD. The annual level of
foreign direct investment - notably in the oil and gas sectors - reached a
record high of $16.8 billion in 2013, an increase of 7% over 2012. Inequality,
poverty, and narcotrafficking remain significant challenges, and Colombia's
infrastructure requires major improvements to sustain economic expansion.
|
Source
: CIA |
|
COMPANY NAME |
SANOFI-AVENTIS DE COLOMBIA SA |
|
TAX ID TYPE |
NIT |
|
TAX ID NUMBER |
830010337-0 |
|
CURRENT STATUS |
Active |
|
MAIN ADDRESS |
Carrera 9 No. 30-29, Urbanizacion Industrial Los Mangos |
|
CITY/PROVINCE/STATE |
Cali |
|
PHONE NUMBER(S) |
(57-1) 621.4400 / 593.6049 |
|
FAX NUMBER |
(57-1) 621.8400 / 744.4233 |
|
|
jesus.cubidas@sanofi.com |
|
WEB SITE |
www.sanofi.com |
|
COMMENTS OF IDENTIFICATION.- |
The report was ordered as: SANOFI AVENTIS DE COLOMBIA SA. Please be advised that the correct form of company name is as shown in caption. Also, this report was requested with address: Cra 9 # 30-29, Cali. Please be noticed that the correct and complete form of this address is as mentioned above. |
LEGAL ASPECTS
|
|
|
LEGAL STATUS |
Stock Company |
|
INCORPORATION DATE |
18/08/1999 |
|
REGISTERED IN |
Bogota DC |
|
DURATION |
Unlimited |
|
BACKGROUND (HISTORY).- |
|
|
The subject originally operated with company name: SANOFI-AVENTIS PHARMA SA, which merged with SANOFI SYNTHELABO DE COLOMBIA SA in August 2006. Then, it changed its company name to the current one. |
|
|
COMMENTS RELATED
COMPANIES |
|
|
The subject is member of SANOFI-AVENTIS group, with headquarters at Av. Francia 174, Paris, France; which is the third world pharmaceutical group and the number one in Europe with 25,000 million Euros in sales and a part of 5.6% of the market. This group has 113,719 employees established in 100 countries around the world and is composed of the following firms: |
|
|
BOARD OF DIRECTORS-EXECUTIVES-SHAREHOLDERS |
||
|
NAME |
JOB TITLE |
% STAKE |
|
BOTERO CAICEDO, MAURICIO |
General Manager/Legal Rep. |
|
|
CUBIDES BALLESTEROS, JESUS HERNANDO |
Legal Representative 1st Substitute |
|
|
SALAZAR ARIAS, RICARDO EMILIO |
Legal Representative 2nd Substitute |
|
|
QUINTERO AREAS,
SANDRA MILENA |
Statutory Auditor |
|
|
VALDERRAMA TAPIERO, NATALIA ANDREA |
Deputy Statutory Auditor |
|
|
CASTILLO MORENO, GEOVANNI |
Accountant |
|
|
AVENTIS HOLDING INC. |
Shareholder |
|
|
WHO IS WHO? |
|
AVENTIS HOLDING INC. |
|
COLOMBIA, . |
No negative information found.
|
PAID-UP CAPITAL |
Ps$14,627,751,000.00 Pesos |
|
LAST CAPITAL INCREASE |
Year 2008 |
|
NET WORTH |
Ps$238,939,318,000.00 (as of 31/12/2013) |
|
TYPE OF SHARES |
Registered stock |
|
LISTED AT STOCK EXCHANGE |
NO |
|
SHARE VALUE |
Ps$100.00 Pesos |
PAYMENT INFORMATION
|
IMPORTS |
|
|
YEAR |
2014 (January - November) |
|
AMOUNT |
US$ 114,595,017.22 |
|
OPERATIONS |
733 |
|
|
|
|
YEAR |
2013 |
|
AMOUNT |
US$ 86,615,470.58 |
|
OPERATIONS |
1190 |
|
|
|
|
YEAR |
2012 |
|
AMOUNT |
US$ 77,449,209.00 |
|
COUNTRIES |
France, Germany, Brazil, USA, Mexico |
|
OPERATIONS |
1067 |
|
|
|
|
YEAR |
2011 |
|
AMOUNT |
US$ 59,712,471.30 |
|
COUNTRIES |
France, Germany, Brazil, USA, Mexico, United Kingdom, India, China |
|
OPERATIONS |
1155 |
|
EXPORTS |
|
|
YEAR |
2014 (January - November) |
|
AMOUNT |
US$ 8,716,435.06 |
|
COUNTRIES |
Panama,
Venezuela, Ecuador, Peru, Chile, Uruguay, Guatemala, El Salvador |
|
OPERATIONS |
182 |
|
|
|
|
YEAR |
2013 |
|
AMOUNT |
US$ 10,522,951.98 |
|
COUNTRIES |
Panama, Venezuela, Ecuador, Peru, Chile, Uruguay, Guatemala, El Salvador |
|
OPERATIONS |
222 |
|
|
|
|
YEAR |
2012 |
|
AMOUNT |
US$ 11,053,674.64 |
|
COUNTRIES |
Panama, Venezuela, Ecuador, Peru, Chile, Uruguay, Guatemala, El Salvador |
|
OPERATIONS |
271 |
|
|
|
|
YEAR |
2011 |
|
AMOUNT |
US$ 10,294,816.62 |
|
COUNTRIES |
Panama, Venezuela, Ecuador, Peru, Chile |
|
OPERATIONS |
237 |
|
PAYMENTS |
|
|
TRADE REFERENCES |
|
|
TYPE OF SUPPLIER |
NATIONAL |
|
CREDIT FACILITIES |
Ps$200,000,000.00 Pesos |
|
SUPPLIER FROM |
Over 10 years ago |
|
DEADLINES |
Terms at 60 days |
|
PRODUCTS SOLD |
Printing services |
|
RATING |
PROMPT |
|
COMMENTS.- |
Payment method: bank transfer |
|
|
|
|
TYPE OF SUPPLIER |
NATIONAL |
|
CREDIT FACILITIES |
Unspecified |
|
SUPPLIER FROM |
Several years ago |
|
DEADLINES |
Terms at 30 days |
|
PRODUCTS SOLD |
Pharmaceutical and chemical products |
|
COMMENTS.- |
Payment method: bank transfer |
|
LOCAL SUPPLIERS |
||
|
Name |
Contact |
Telephone |
|
IMPRESOS RICHARD LTDA |
Sonia Gomez |
(57-2) 485.1683 |
|
MERCK SA |
Hernan Rodriguez |
(57-1) 425.4770 |
|
FOREIGN SUPPLIERS |
|||
|
Name |
Contact |
Telephone/fax |
Country |
|
BRISTOL-MYERS SQUIBB COMPANY |
|
|
U.S.A. |
|
IPCA LABORATORIES LIMITED |
|
|
INDIA |
|
RELATED COMPANIES |
||
|
NAME |
TAX ID. NUMBER |
COUNTRY |
|
AVENTIS CHINA INVESTEMENT CO. LTD. |
|
CHINA |
|
AVENTIS PASTEIR
SA |
|
ARGENTINA |
|
SANOFI AVENTIS
DE CHILE SA |
92.251.000-8 |
CHILE |
|
SANOFI PASTEUR BIOLOGICAL PRODUCTS CO. |
|
CHINA |
|
SANOFI PASTEUR CHILE |
|
CHILE |
|
SANOFI PASTEUR GMBH |
|
CZECH REPUBLIC |
|
SANOFI PASTEUR GMBH |
|
BULGARIA |
|
SANOFI PASTEUR
GMBH |
|
HUNGARY |
|
SANOFI PASTEUR INDIA PVT LTD |
|
INDIA |
|
SANOFI PASTEUR
LTD. |
|
KOREA |
|
SANOFI PASTEUR
LTD. |
|
CANADA |
|
SANOFI PASTEUR
LTDA |
|
BRAZIL |
|
SANOFI PASTEUR
MSD GMBH |
|
AUSTRIA |
|
SANOFI PASTEUR
MSD GMBH |
|
GERMANY |
|
SANOFI PASTEUR
MSD LTD. |
|
IRELAND |
|
SANOFI PASTEUR
MSD LTD. |
|
GREAT BRITAIN |
|
SANOFI PASTEUR
MSD NV |
|
ICELAND |
|
SANOFI PASTEUR
MSD NV |
|
BELGIUM |
|
SANOFI PASTEUR
MSD NV |
|
FINLAND |
|
SANOFI PASTEUR
MSD SPA |
|
ITALY |
|
SANOFI PASTEUR PTY LTD. |
|
AUSTRALIA |
|
SANOFI PASTEUR
SA |
830014061 |
COLOMBIA |
|
SANOFI PASTEUR
SANOFI PASTEUR |
|
INDONESIA |
|
SANOFI PASTEUR
SANOFI PASTEUR |
|
HONG KONG |
|
SANOFI-AVENTIS
ARGENTINA SA |
30-50144541-6 |
ARGENTINA |
|
SANOFI-AVENTIS
SA |
2375365-K |
GUATEMALA |
|
SANOFI-AVENTIS
SA DE CV |
APH-951123-3R9 |
MEXICO |
|
COMMENTS ON LEGAL ASPECTS .- |
||
|
The subject's Check Digit (DV) number is: 0 The DV number is a digit added to the Tax Id. (NIT), a key number to be used in the detection of errors and its possible correction, granted by the Superintendency of Companies. The subject is member of the Unique Business Registry (RUE), with the following data: - Commercial Registry No.: 669736 - File No.: 28355 - Registration date: 19951024 - Registration state: ACTIVE The subject is member of the Chamber of Commerce of Bogota (CCB). |
||
|
FINANCIAL
INFORMATION |
|
CONTENT.- |
|
We had an interview with Mr. Geovanni Castillo (Accountant), who provided commercial information about the subject, except the financial figures on grounds of confidentiality. Through outside sources, we obtained the subject's Balance Sheet as of 31/12/2013 (12 months), expressed in Colombian Pesos, as follows: |
|
GENERAL BALANCE
SHEET |
|||
|
Balance Date |
31/12/2013 |
|
|
|
Currency |
Peso |
|
|
|
Exchange Rate |
1,917.40 |
|
|
|
.Current Total |
240,690,064,000.00 |
|
|
|
.Net Fixed |
60,134,728,000.00 |
|
|
|
.Total Assets |
300,824,792,000.00 |
|
|
|
.Total Current Liabilities |
57,125,855,000.00 |
|
|
|
.Long Term Accounts |
4,759,619,000.00 |
|
|
|
Total Liabilities |
61,885,474,000.00 |
|
|
|
Total Equity |
238,939,318,000.00 |
|
|
|
Total Liabilities and Equity |
300,824,792,000.00 |
|
|
|
PROFIT AND LOSS
ACCOUNT |
|||
|
Balance Date |
31/12/2013 |
|
|
|
Currency |
Peso |
|
|
|
Exchange Rate |
1,917.40 |
|
|
|
Net Sales |
485,830,080,000.00 |
|
|
|
Net Income(Net Loss) |
63,596,062,000.00 |
|
|
|
RATIOS FINANCIAL |
|||
|
PERIOD |
2,013.00 |
|
|
|
.NET WORKING CAPITAL |
183,564,209,000.00 |
|
|
|
.LIQUIDITY RATIO |
4.21 |
|
|
|
.CONTENTS OF THE ACID TEST |
0.00 |
|
|
|
.INDEBTEDNESS |
4.86 |
|
|
|
.LIABILITIES, CAPITAL |
0.00 |
|
|
|
.TOTAL ASSET TURNOVER |
1.61 |
|
|
|
.RETURN ON EQUITY |
0.00 |
|
|
|
.NET RETURN ON SALES |
0.00 |
|
|
|
FINANCIAL
COMMENTS.- |
|||
|
The subject is an industrial company with a long experience in the market, which has been operating normally. Nothing negative learned, which makes us estimate it conducts operations normally. Besides, its products enjoys good acceptance at national market. COUNTRY CONTEXT - COLOMBIA: The below Country comments were obtained from a highly regarded public source that issues economic comments on all of World's countries. Taxes: · Colombian income tax: 38.5% on the net profit-business:. · Tax agreements with the Andean Community and Spain which allow residents in this countries to have a special tax treatment. · Alphabetic currency code for every country, established by the International Organization for Standardization (ISO) 4217: Colombian Peso (COP) Main economic indicators: · External debt: US$85.83 billion (31 December 2013 est.) · International reserves: US$43.74 billion (31 December 2013 est.) · Inflation rate : 2.2% (2013 est.) · GDP growth rate: 4.2% (2013 est.) · Annual GDP per capita: US$11,100 (2013 est.) GDP - composition, by sector of origin: agriculture: 6.6% industry: 37.8% services: 55.6% (2013 est.) · Labour force of 23.08 million people (2013 est.) divided by: agriculture: 17% industry: 21% services: 62% Unemployment rate: 9.7% (2013 est.) Productive sectors: Agriculture - products: coffee, cut flowers, bananas, rice, tobacco, corn, sugarcane, cocoa beans, oilseed, vegetables; shrimp; forest products Industries: textiles, food processing, oil, clothing and footwear, beverages, chemicals, cement; gold, coal, emeralds Foreign trade: Exports: $58.7 billion (2013 est.) country comparison to the world: 56 $59.85 billion (2012 est.) Exports - commodities: petroleum, coal, emeralds, coffee, nickel, cut flowers, bananas, apparel Exports - partners: US 36.6%, China 5.5%, Spain 4.8%, Panama 4.7%, Venezuela 4.4%, Netherlands 4.1% Imports: $53.5 billion (2013 est.) country comparison to the world: 54 $54.64 billion (2012 est.) Imports - commodities: industrial equipment, transportation equipment, consumer goods, chemicals, paper products, fuels, electricity Imports - partners: US 24.2%, China 16.3%, Mexico 10.9%, Brazil 4.8% Country risks: Commercial Country Risk: MEDIUM Political Country Risk: LOW |
|||
|
DETAILS OF FIXED
ASSETS.- |
|||
|
The subject owns the following assets valued at Ps$8,352,309,000.00 Pesos: - Fleet of vehicles - Machinery and equipment - Office equipment, filings, computer equipment, copy machines, calculators, etc |
|||
|
INSURANCE.- |
|||
|
No insurance policies found through outside sources. |
|||
|
RATE OF EXCHANGE |
US$1.00 = Ps$2,458.00 |
|
OPERATIONS |
|
|
SECTOR |
1.-INDUSTRY |
|
ACTIVITY |
PHARMACEUTICAL PRODUCTS |
|
ISIC CATEGORY |
D-MANUFACTURING INDUSTRIES (ELABORATION, MANUFACTURING, PRODUCTION, PUBLISHING, CASTING, CONSTRUCTION) |
|
ISIC CLASS |
2423-Manufacture of Pharmaceutical, Botanical Products and Medicinal Substances |
|
MAIN ACTIVITY |
Manufacture, import, export of pharmaceutical products for human consumption. |
|
% CASH SALES/PAYMENT METHOD |
50% |
|
% CREDIT SALES/TERMS |
50% (Invoice/ 30 days) |
|
TERRITORY OF SALES |
90% (Domestic market) |
|
% FOREIGN SALES |
10% |
|
N. OF EMPLOYEES |
400 approximately |
|
LOCATION |
|
ADMINISTRATIVE OFFICE, WAREHOUSE, PRODUCTION FACILITY: At heading address, in a residential zone of the city of easy access. Spacious premises. In good repair. TAX ADDRESS, ADMINISTRATIVE OFFICES: Transversal 23 No. 97-73, Piso 9, Edificio City Business, Bogota, Colombia. |
|
COMMENTS OF
OPERATIONS.- |
|
Sales are made 100% directly. At heading address, we could observe a large stock of merchandise and a good flow of clients. Its products are traded throughout Colombia. Some of their segments are private and public companies from different sectors. Among their clients, we can mention large corporations, small and medium-sized companies. Main competitors are: - PRODUCTOS ROCHE SA - NOVARTIS DE COLOMBIA SA - MERCK COLOMBIA SA - BAYER SA - BOEHRINGER INGELHEIM SA - BRISTOL MYERS SQUIBB SA - GRUNENTHAL COLOMBIANA SA Workshift: Monday to Friday from 9:00 am to 18:00 pm. Saturday from 09:00 am to 14:00 pm. |
|
BANKERS / REFERENCE |
||||
|
Bank Name |
Account Number |
Account Officer |
Telephone |
Country |
|
BANCOLOMBIA SA |
|
|
|
COLOMBIA |
|
BBVA COLOMBIA SA |
|
|
|
COLOMBIA |
|
BANCO DE BOGOTA
SA |
|
|
|
COLOMBIA |
|
BANCO SANTANDER COLOMBIA SA |
|
|
|
COLOMBIA |
|
CITIBANK COLOMBIA SA |
|
|
|
COLOMBIA |
|
BANK COMENTS |
||||
|
The above banks do not furnish information about clients by preserving confidentiality of bank-client information. |
||||
|
CENTRAL RISK |
||||
|
Having consulted legal bulletins, fillings and other specialized publishings, no that may affect its trade reputation were found. |
||||
N/a
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.32 |
|
|
1 |
Rs.98.68 |
|
Euro |
1 |
Rs.78.11 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
NIS |
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.