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Report No. : |
336109 |
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Report Date : |
17.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
LABORATORIOS ITALDOM SRL |
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|
|
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Registered Office : |
Zona Industrial de Herrera – 11005 Santo Domingo Oeste |
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Country : |
República Dominicana |
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Date of Incorporation : |
1994 |
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|
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Legal Form : |
Sociedad Anónima |
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|
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Line of Business : |
Import and distribution of pharmaceutical products. |
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|
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No. of Employee : |
21 |
RATING & COMMENTS
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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 |
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|
|
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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 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
República Dominicana |
A2 |
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 |
REPÚBLICA
DOMINICANA 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 mining sector has also played a greater role in the export market since late 2012 with the commencement of the extraction phase of the Pueblo Viejo Gold and Silver mine. The economy is highly dependent upon the US, the destination for approximately half of exports. Remittances from the US amount to about 7% 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 2010-14, 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 2.7% in 2014. A successful government bond placement in 2013 and 2014 helped finance the deficit. A liability management operation in January 2015, in which the government paid down over $4 billion of the country’s Petrocaribe debt, at a discount of 52% with proceeds from the sale of $2.5 billion in global bonds, reduced the country’s debt load by approximately by 3.3% of GDP.
|
Source
: CIA |
STATUTORY
INFORMATION
|
|
|
Legal Name: |
LABORATORIOS
ITALDOM SRL |
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Trade Name: |
LABORATORIO
ITALDOM |
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RNC: |
101652381 |
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Date Created: |
1994 |
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Date
Incorporated: |
1994 |
|
Legal Address: |
Calle 1era No. 4
esq. Juan Ballenilla Urbanización Cinthya |
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Operative
Address: |
Calle 1era No. 4
esq. Juan Ballenilla Urbanización Cinthya |
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Telephone: |
1 (809) 534-3540
/ (809) 531-8145 |
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Fax: |
1 (809) 531-8146 |
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Legal Form: |
Sociedad Anónima |
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Email: |
NA |
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Registered in: |
Dominican
Republic |
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Website: |
|
|
Contact: |
Ivan Mazzamuto,
General Manager |
|
Staff: |
21 |
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Activity: |
Pharmaceutical
Industry Wholesale |
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|
|
|
BANKS |
Banco Central de
la República Dominicana |
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|
|
|
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The company does
not disclose its banking data |
History
|
|
|
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The company was
founded in 1994 |
PRINCIPAL
ACTIVITY
|
|
|
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The company is
dedicated to the import and distribution of pharmaceutical products. |
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Products/Services
description: |
Blisters, alveoli
(niches) for eggs, suppositories and pods |
|
Brands: |
NA |
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Sales are: |
Wholesale |
|
Clients: |
LABORATORIOS
BETA SA |
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Suppliers: |
NA |
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Operations area:
|
National and International |
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The company
imports from |
It mainly
imports from India and Italy. |
|
The company
exports to |
Latin America |
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The subject
employs |
21 employees |
|
Payments: |
Regular-30 days
payment terms |
LOCATION
|
|
|
Headquarters : |
Calle 1era No. 4
esq. Juan Ballenilla Urbanización Cinthya |
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Branches: |
The company does
not have branches |
GROUP STRUCTURE AND SUBSIDIARY COMPANIES
|
|
|
Listed at the stock
exchange: |
NO |
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Capital: |
NA |
|
Shareholders: |
The company is
owned by Italian shareholders. |
|
Management: |
Ivan Mazzamuto,
General Manager |
|
Related
Companies: |
No related companies |
FINANCIAL
INFORMATION
|
|
|
|
This is a
private company which does not make its financial public. The following
information has been provided by private sources. |
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|
|
|
USD 2014 |
|
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Revenue |
500 000 |
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Cash Flow |
Normal |
LEGAL
FILINGS
|
|
|
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There are no
legal connected to the subject |
SUMMARY
|
|
|
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The company is
dedicated to the import and distribution of pharmaceutical products. The company has 19
years of experience in the market with a small sized structure. Its sales are
médium for its size, but fair for the country’s industry. It mainly
imports from Italy, where its shareholders are, and India. There are no
negative records connected to the subject. |
RISK
INFORMATION
|
|
|
DEBTS |
Controlled |
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PAYMENTS |
Regular |
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CASH FLOW |
Normal |
|
STATUS |
This Corporation
is in Good Standing |
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|
|
|
INTERVIEW |
|
|
NAME |
Rodolfo Suero |
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POSITION |
Accountant |
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COMMENTS |
He confirmed address,
managers, owners, staff, activity, RNC, financial figures. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.12 |
|
|
1 |
Rs.101.62 |
|
Euro |
1 |
Rs.72.56 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
ANK |
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.