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Report Date : |
16.10.2014 |
IDENTIFICATION DETAILS
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Name : |
MATERIA PRIMA FARMACEUTICA SRL |
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Registered Office : |
Calle 2da.,N°4, Los Restauradores Distrito Nacional Santo Domingo |
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Country : |
Dominican Republic |
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Date of Incorporation : |
16.06.1905 |
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Legal Form : |
Sociedad de Responsabilidad Limitada |
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Line of Business : |
· Chemical Products Industry · The company is dedicated to the import and distribution of raw material for pharmaceutical, food and veterinary products. |
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No. of Employees : |
55 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Dominican Republic |
B1 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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 |
DOMINICAN REPUBLIC - ECONOMIC OVERVIEW
The Dominican Republic has
long been viewed primarily as an exporter of sugar, coffee, and tobacco, but in
recent years the service sector has overtaken agriculture as the economy's
largest employer, due to growth in telecommunications, tourism, and free trade
zones. The economy is highly dependent upon the US, the destination for
approximately half of exports. Remittances from the US amount to about 5% of
GDP, equivalent to about a third of exports and two-thirds of tourism receipts.
The country suffers from marked income inequality; the poorest half of the
population receives less than one-fifth of GDP, while the richest 10% enjoys
nearly 40% of GDP. High unemployment and underemployment remains an important
long-term challenge. The Central America-Dominican Republic Free Trade
Agreement (CAFTA-DR) came into force in March 2007, boosting investment and
exports and reducing losses to the Asian garment industry. The Dominican
Republic's economy rebounded from the global recession in 2010-13, and the
fiscal situation is improving. A tax reform package passed in November 2012 and
a reduction in government spending helped to narrow the central government
budget deficit from 6.6% of GDP in 2012 to below 3% in 2013. A successful
government bond placement in 2013 helped finance the deficit.
|
Source
: CIA |
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Order: |
Materia Prima Farmaceutica SRL (Maprifarma S R L) |
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Address in the order: |
Calle Jatfres Esq Av Los Beibolistas (Ant Carretera Manoguayabo) Santo
Domingo Oeste P O Box 2012 |
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Legal Name: |
MATERIA PRIMA FARMACEUTICA SRL |
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Trade Name: |
MAPRIFARMA |
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RNC: |
101744111 |
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Date Created: |
1994 |
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Date Incorporated: |
16/06/1905 |
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Legal Address: |
Calle 2da.,N°4, Los Restauradores Distrito Nacional Santo Domingo, Dominican Republic |
|
Operative Address: |
Calle 2da.,N°4, Los Restauradores Distrito Nacional Santo Domingo, Dominican Republic |
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Telephone: |
1(809)-5312520 |
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Fax: |
1(809)-5312520 |
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Legal Form: |
Sociedad de Responsabilidad Limitada |
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Email: |
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Registered in: |
Dominican Republic |
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Website: |
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Manager: |
Miguel de los Santos Gutierrez Salcedo |
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Staff: |
55 |
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Activity: |
Chemical Products Industry |
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SIC Codes: |
5162 5169 |
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NAICS Codes: |
424610 424690 |
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Name of the Bank: |
BANCO POPULAR |
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The company does not make its banking information public |
The company started business in 1994
|
The company is dedicated to the import and
distribution of raw material for pharmaceutical, food and veterinary products |
|
|
Products/Services description: |
Raw Pharmaceutical Materials |
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Trademarks: |
DI LIRIO LAPICES DE LABIOS |
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Sales are: |
Wholesale |
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Clients: |
CARIBBEAN MULTI PRODUCTS INC. |
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Competitors: |
BASF Dominicana, S.A |
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Suppliers: |
ENSIENT FLAVORS MEXICO S.A. DE C.V |
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Operations area: |
National |
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The company imports from |
Mexico, USA, Colombia, South Africa |
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The company exports to |
Caribbean |
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The subject employs |
55 people |
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Payments: |
Regular |
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Headquarters : |
Calle 2da.,N°4, Los Restauradores Distrito
Nacional Santo Domingo, Dominican
Republic |
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Branches: |
The company does not have branches
registered |
|
Business Overview: |
Companies in this industry distribute
plastics materials, alkalis and chlorine, detergents and soaps, adhesives,
and industrial gases. |
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Listed at the stock exchange: |
NA |
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Capital: |
NA |
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Shareholders %: |
This is a prívate company. The main
shareholder is: Sr. Miguel de los Santos Gutierrez
Salcedo. |
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Management: |
Miguel de los Santos Gutierrez Salcedo,
Manager |
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Related Companies: |
Reactivos Analiticos DS S R L |
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This is a private company which does not
make its financial information public. We contacted the company but they
refused to confirm. The following information has been provided by outside sources. |
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Currency |
USD |
|
Year |
2013 |
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Revenue |
2 500 000 |
|
Cash Flow |
NORMAL |
No legal/criminal were connected to the
subject
MATERIA PRIMA FARMACEUTICA SRL is a Dominican Republic company dedicated
to the distribution of pharmaceutical products with 20 years of experience in
the market.
The company has a small sized structure with the support of 55
employees.
It is well established in the business and shows no negative.
|
Payments |
Regular |
|
Cash |
Normal |
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Indebtedness |
Controlled |
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INTERVIEWEE |
Mabelis Pena |
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POSITION |
Accounting |
|
COMMENTS |
She confirmed name, activity and refused to
provide more information. She asked us to send her an e-mail but never
answered our e-mails. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.11 |
|
|
1 |
Rs.98.15 |
|
Euro |
1 |
Rs.77.60 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
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|
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Report Prepared
by : |
NIT |
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 |
|
|
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 |
|
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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 |
|
|
<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.