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Report No. : |
331575 |
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Report Date : |
10.07.2015 |
IDENTIFICATION DETAILS
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Name : |
MATERIAS PRIMAS FARMACEUTICAS SRL |
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Registered Office : |
Calle 2da.,N°4, Los Restauradores Distrito Nacional Santo Domingo, Dominican Republic |
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Country : |
Dominica |
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Year of Establishment : |
1994 |
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Legal Form : |
Sociedad de Responsabilidad Limitada |
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Line of Business : |
Wholesalers of Chemical Industry |
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No. of Employees : |
45 |
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Dominica |
B1 |
B1 |
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Risk Category |
ECGC
Classification |
|
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 |
DOMINICA - ECONOMIC
OVERVIEW
The Dominican economy has been dependent on agriculture - primarily
bananas - in years past, but increasingly has been driven by tourism as the
government seeks to promote Dominica as an "ecotourism" destination.
Moreover, Dominica has an offshore medical education sector. In order to
diversify the island's economy, the government is also attempting to foster an
offshore financial industry and plans to sign agreements with the private
sector to develop geothermal energy resources. In 2003, the government began a
comprehensive restructuring of the economy - including the elimination of price
controls, privatization of the state banana company, and tax increases - to
address an economic and financial crisis and to meet IMF requirements. In 2009
and 2013, the economy contracted as a result of the global recession; growth
remains anemic. Although public debt levels continue to exceed pre-recession
levels, the debt burden declined from 78% of GDP in 2011 to approximately 70%
in 2012.
|
Source
: CIA |
Company Name and address
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|
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Order: |
Materia Prima Farmaceutica SRL (Maprifarma S R L)
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Address in the order: |
Carr Manoguayabo Esq Calle Jatfres Dominicana |
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Legal Name: |
MATERIAS PRIMAS FARMACEUTICAS 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: |
1994 |
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Legal Address: |
Calle 2da.,N°4, Los Restauradores Distrito
Nacional Santo Domingo, Dominican
Republic |
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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: |
45 |
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Activity: |
Chemical Wholesalers Industry |
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SIC Codes: |
5162 5169 |
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NAICS Codes: |
424610 424690 |
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BANKS
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Name of the Bank: |
BANCO POPULAR |
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The company does not make its banking information
public |
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HISTORY
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The company started business in 1994 |
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PRINCIPAL ACTIVITY
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The company is dedicated to the import and distribution
of raw material for pharmaceutical, food and veterinary products |
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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: |
Arrow Chemical
Group Corp. China 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 |
45 people |
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Payments: |
No Complaints |
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LOCATION
|
|
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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 |
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Business Overview: |
Companies in this industry distribute plastics
materials, alkalis and chlorine, detergents and soaps, adhesives, and
industrial gases. |
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GROUP STRUCTURE AND SUBSIDIARY COMPANIES
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Listed at the stock exchange: |
NA |
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Capital: |
NA |
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Shareholders %: |
This is a private company. The main shareholder
is: Sr. Miguel de los Santos Gutierrez Salcedo. |
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Management: |
Miguel de los
Santos Gutierrez Salcedo, Manager Martin Rosales, Ventas |
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Related Companies: |
Reactivos Analiticos DS S R L |
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FINANCIAL INFORMATION
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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 |
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Year |
2014 |
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Revenue |
2 000 000 |
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Cash Flow |
NORMAL |
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LEGAL FILINGS
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No legal/criminal were connected to the subject |
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SUMMARY
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MATERIA PRIMA
FARMACEUTICA SRL is a Dominican Republic company dedicated to the distribution
of pharmaceutical products with 21 years of experience in the market. |
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RISK INFORMATION
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Payments |
No Complaints |
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Cash |
Normal |
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Indebtedness |
Controlled |
CALL
|
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INTERVIEWEE |
Mabelis Pena |
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POSITION |
Accounting |
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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.63.51 |
|
|
1 |
Rs.97.85 |
|
Euro |
1 |
Rs.70.50 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
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Report Prepared
by : |
NIT |
RATING EXPLANATIONS
|
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.