MIRA INFORM REPORT

 

 

Report No. :

348620

Report Date :

19.11.2015

           

IDENTIFICATION DETAILS

 

Name :

LABORATORIOS PORTUGAL S. R. L.

 

 

Registered Office :

Parque Industrial Río Seco, 1ra Etapa Mza A' Lt2, Cerro Colorado, Teléfono: (054) 316031, Arequipa

 

 

Country :

Peru

 

 

Date of Incorporation :

1864

 

 

Legal Form :

Sociedad de Responsabilidad Limitada

 

 

Line of Business :

  • Personal Care Products Manufacturing Industry
  • The Subject operates as a pharmaceutical manufacturing company.

 

 

No. of Employee :

356

 

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

 

Maximum Credit Limit :

USD 100 000

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 – March 31, 2015

 

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

Peru

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 


 

PERU - ECONOMIC OVERVIEW

 

Peru's economy reflects its varied topography - an arid lowland coastal region, the central high sierra of the Andes, the dense forest of the Amazon, with tropical lands bordering Colombia and Brazil. A wide range of important mineral resources are found in the mountainous and coastal areas, and Peru's coastal waters provide excellent fishing grounds. Peru is the world's second largest producer of silver and third largest producer of copper. The Peruvian economy grew by an average of 5.6% from 2009-13 with a stable exchange rate and low inflation, which in 2013 was just below the upper limit of the Central Bank target range of 1 to 3%. This growth was due partly to high international prices for Peru's metals and minerals exports, which account for almost 60% of the country's total exports. Growth slipped in 2014, due to weaker world prices for these resources. Despite Peru's strong macroeconomic performance, dependence on minerals and metals exports and imported foodstuffs makes the economy vulnerable to fluctuations in world prices. Peru's rapid expansion coupled with cash transfers and other programs have helped to reduce the national poverty rate by 28 percentage points since 2002, but inequality persists and continues to pose a challenge for the Ollanta HUMALA administration, which has championed a policy of social inclusion and a more equitable distribution of income. Poor infrastructure hinders the spread of growth to Peru's non-coastal areas. The HUMALA administration passed several economic stimulus packages in 2014 to bolster growth, including reforms to environmental regulations in order to spur investment in Peru’s lucrative mining sector, a move that was opposed by some environmental groups. Peru's free trade policy has continued under the HUMALA administration; since 2006, Peru has signed trade deals with the US, Canada, Singapore, China, Korea, Mexico, Japan, the EU, the European Free Trade Association, Chile, Thailand, Costa Rica, Panama, Venezuela, concluded negotiations with Guatemala, and begun trade talks with Honduras, El Salvador, India, Indonesia, Turkey and the Trans-Pacific Partnership. Peru also has signed a trade pact with Chile, Colombia, and Mexico, called the Pacific Alliance, that seeks integration of services, capital, investment and movement of people. Since the US-Peru Trade Promotion Agreement entered into force in February 2009, total trade between Peru and the United States has doubled.

Source : CIA

 

 

STATUTORY INFORMATION 

                                                                             

Order:

LABORATORIOS PORTUGAL S. R. L.

Address in the order:

Parque Industrial Rio Seco 1 ra etapa Mza A Lt2 Cerro Colorado Arequipa, Peru

Legal Name:

LABORATORIOS PORTUGAL SRL

Trade Name:

DROGUERIA LAB PORT

RUC:

20100204330

Date Created:

1864

Date Incorporated:

19/08/1988

Legal Address:

Parque Industrial Río Seco
1ra Etapa Mza A' Lt2
Cerro Colorado
Teléfono: (054) 316031
Arequipa – Perú

Operative Address:

Parque Industrial Río Seco
1ra Etapa Mza A' Lt2
Cerro Colorado
Teléfono: (054) 316031
Arequipa – Perú

Telephone:

(054) 316031

Fax:

(054) 316031

Legal Form:

Sociedad de Responsabilidad Limitada

Email:

mcano@laboratoriosportugal.com

Registered in:

Peru

Website:

www.laboratoriosportugal.com

Contact:

Jose Alonso Portugal Ricketts

Staff:

356

Activity:

Personal Care Products Manufacturing Industry

 

                                                                             

BANKS

           

Banco Central de Peru

The company does not disclose its banking details

 

 

History 

 

More than 148 years, it was founded Laboratorios Portugal, as part of a family business led by Don José Fermín Portugal Puertas. This organization dedicated to Trade and Industry, focused at that time on the formation of a pharmaceutical center, which was entered as JF Portugal Hijos SA, the same as expend the brand products developed by the Laboratory.

 

                                                                             

PRINCIPAL ACTIVITY

                                                                             

The company operates as a pharmaceutical manufacturing company.

 

 

Products/Services description:

Body creams
Facial creams
Reducing creams
Aromatherapy

Liquid soap
Bar soap
Sunscreens
Lipsticks
Antiperspirant powders

Gel alcohol
Insect repellent
Muscle rubs
Ointments
Removers

Colonies
Babies
Galenic
Natural and Vitamins

Brands:

Portugal
Portugal Cosmetics
Portugal Spa
Naturgen
Bahia
Vinit
Floresta
Intifem
Vitagel

Sales are:

Wholesale

Clients:

COLIN POST DBA PERUVIAN NATURALS LL
Peru

MACANUDO S.R.L.
Bolivia

SWISS HERBAL SAS
Colombia

CGS GENERAL DISTRIBUTION INC. 245
USA

Suppliers:

ANDRES PINTALUBA S A
Spain

CHEMO SA
Spain

Operations area:

National and International

The company imports from

Spain

The company exports to

USA, Costa Rica, Bolivia, Belgium and Asia

The subject employs

356 employees

Payments:

No Complaints

 

 

                                                                             

LOCATION

                                                                             

Headquarters :

Parque Industrial Río Seco
1ra Etapa Mza A' Lt2
Cerro Colorado
Teléfono: (054) 316031
Arequipa – Perú

Branches:

Commercial Office: CAL.LOS TALLADORES NRO. 402 URB. INDUSTRIAL DEL ARTESANO LIMA - LIMA - ATE -
Commercial Office: AV. DINTILHAC NRO. 175 URB. EL PANDO LIMA - LIMA - SAN MIGUEL -
Branch: CAL.MIGUEL GRAU NRO. 317 URB. LA LIBERTAD AREQUIPA - AREQUIPA - AREQUIPA -
Production Office: CAL.MIGUEL GRAU NRO. 313 URB. LA LIBERTAD AREQUIPA - AREQUIPA - CERRO COLORADO -
Production Office: MZA. A LOTE. 2 PARQ. INDUSTRIAL RIO SECO (PARQUE INDUSTRIAL RIO SECO)AREQUIPA - AREQUIPA - CERRO COLORADO -
Production Office: CAL.1 MZA. A' LOTE. 3 PARQUE IND.RIO SECO (I ETAPA)AREQUIPA - AREQUIPA - CERRO COLORADO -
Commercial Office: NRO. SN CAMPO FERIAL CERRO JULI (FIA)AREQUIPA - AREQUIPA - JACOBO HUNTER -
Storage: MZA. A LOTE. 3 Z.I. PQUE. INDUSTRIAL RIO SECO (I ETAPA)AREQUIPA - AREQUIPA - CERRO COLORADO -
Commercial Office: CAL.SAN FRANCISCO NRO. 121 AREQUIPA - AREQUIPA

Related Companies:

In May 2002, Portugal Laboratorios company expanded its natural laboratories and generic form known as Naturgen.

 

                                                                             

GROUP STRUCTURE AND SUBSIDIARY COMPANIES      

 

Listed at the stock exchange:

NO

Capital:

NA

Shareholders:

JOSE ALONSO PORTUGAL RICKETTS is the major holder.

Management:

TEJEDA GOMEZ MARIO AUGUSTO EMILIO, Legal Representative
HUAMAN DELGADO SERAPIO SAUL, Legal Representative
MAC DOWALL TALAVERA JOHN CHARLES, Legal Representative
PORTUGAL RICKETTS JOSE ALONSO, General Manager
RODRIGUEZ ZUÑIGA MILAGROS CAROLINA, Legal Representative

                                                                             

                                                                             

FINANCIAL INFORMATION   

                                                                             

 This is a private company which does not make its financial public.

                                                                             

 There are no financial connected to the subject.

 

                                                                             

LEGAL FILINGS    

                                                                             

There are no legal records for the subject

 

                                                                             

SUMMARY      

 

Laboratorios Portugal currently produces more than 300 products, online pharmaceutical (solid, semi solid and liquid), cosmetic line (between major Bay brand, Mother of Pearl cream and snail cream) line of natural products, supplements nutrition, vitamins, galenic among others.

 

The company has more than 150 years of experience in the market and has in the last years increased its exports.

 

There are no negative records.

 

                                                                             

RISK INFORMATION  

                                                                             

DEBTS

Controlled

PAYMENTS

No Complaints

CASH FLOW

Normal

SUGGESTED CREDIT LINE

USD 100 000

STATUS

This Corporation is in Good Standing

 

 

INTERVIEW

                                                                             

NAME

Roberto 

POSITION

 Administrative

COMMENTS

He confirmed address, managers, activity, staff, brands.


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.66.11

UK Pound

1

Rs.100.51

Euro

1

Rs.70.39

 

INFORMATION DETAILS

 

Analysis Done by :

RAS

 

 

Report Prepared by :

SDA

 

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.