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Report No. : |
343513 |
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Report Date : |
08.10.2015 |
IDENTIFICATION DETAILS
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Name : |
FARMACEUTICA INTERNACIONAL, S.A. DE C.V. |
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|
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Registered Office : |
Barrio La Granja, Edificio Farinter, atrás de
Corporación Flores, Comayaguela, |
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Country : |
Honduras |
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Date of Incorporation : |
1968 |
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Legal Form : |
Sociedad Anónima de Capital Variable |
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Line of Business : |
Subject is dedicated to the trade and distribution of
cosmetics, pharmaceuticals, medical equipment. |
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No. of Employee : |
1 000 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 100 000 |
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Status : |
Satisfactory |
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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) |
|
Honduras |
B2 |
B2 |
|
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 |
HONDURAS ECONOMIC OVERVIEW
Honduras, the second poorest country in Central America, suffers from extraordinarily unequal distribution of income, as well as high underemployment. While historically dependent on the export of bananas and coffee, Honduras has diversified its export base to include apparel and automobile wire harnessing. Honduras’s economy depends heavily on USTRADE and remittances. The US-Central America-Dominican Republic Free Trade Agreement (CAFTA-DR) came into force in 2006 and has helped foster foreign direct investment, but physical and political insecurity, as well as crime and perceptions of corruption, may deter potential investors; about 15% of foreign direct investment is from US firms. The economy registered modest economic growth of 2.6%-4.0% from 2010 to 2014, insufficient to improve living standards for the nearly 65% of the population in poverty. Honduras signed a three-year IMF stand-by arrangement in December 2014 that will help ease its poor fiscal position. In November 2014 along with his counterparts from El Salvador and Guatemala, President HERNANDEZ announced the “Plan of the Alliance for Prosperity in the Northern Triangle.” This plan seeks to address the challenges facing the three Northern Triangle countries, including steps the governments will take to stimulate economic growth, increase transparency and fiscal responsibility, reduce violence, modernize the justice system, improve infrastructure, and promote educational opportunities over the next several years.
|
Source
: CIA |
STATUTORY INFORMATION
|
|
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Legal Name: |
FARMACEUTICA INTERNACIONAL, S.A. DE C.V. |
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Trade Name: |
Farinter |
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RTN: |
8019003242474 |
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Date Created: |
1968 |
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Date Incorporated: |
1968 |
|
Legal Address: |
Barrio La Granja, Edificio Farinter, atrás de Corporación Flores,
Comayaguela, Honduras |
|
Operative Address: |
Barrio La Granja, Edificio Farinter, atrás de Corporación Flores,
Comayaguela, Honduras |
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Telephone: |
2225-2718 |
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Fax: |
2225-2732 |
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Legal Form: |
Sociedad Anónima de Capital Variable |
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Email: |
kfaraj@farinter.hn |
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Registered in: |
Honduras |
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Website: |
www.farinter.hn |
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Contact: |
Karim Faraj Richmawy, President |
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Staff: |
1 000 |
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Activity: |
Pharmaceutical Manufacturing Industry |
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BANKS |
Bnaco Central de Honduras |
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The company does not disclose its banking information |
History
|
|
|
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Farmaceutica Internacional, better known by its acronym FARINTER is a
corporation founded in 1968. |
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PRINCIPAL ACTIVITY
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|
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The company is dedicated to the trade and distribution of cosmetics,
pharmaceuticals, medical equipment. |
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Products/Services description: |
Cosmetics, pharmaceuticals, medical equipment. |
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Brands: |
Alcon |
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Sales are: |
Wholesale |
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Clients: |
BLAU FARMACEUTICA COLOMBIA SAS |
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Suppliers: |
EVENFLO MEXICO SA DE CV |
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Operations area: |
National and International |
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The company imports from |
Colombia, Ecuador, Mexico |
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The company exports to |
Colombia |
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The subject employs |
1 000 employees |
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Payments: |
No Complaints |
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Partners: |
Droguería Medilab & Grupo Financiero Ficohsa |
LOCATION
|
|
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Headquarters : |
Barrio La Granja, Edificio Farinter, atrás de Corporación Flores,
Comayaguela, Honduras |
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Branches: |
Col. Santa Rosa, 7 y 8 Calle, Segundo Anillo Circumvalacion, Honduras |
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Sister Companies: |
KIELSA |
GROUP
STRUCTURE AND SUBSIDIARY COMPANIES
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|
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Listed at the stock exchange: |
NO |
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Shareholders: |
This is a private company. It is controlled by: |
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Management: |
Karim Alejandro Faraj Farach, Counsel Secretary |
FINANCIAL INFORMATION
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|
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This is a private company which does not make its financials public.
The following information has been provided by the controllers of the
company: |
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2014 USD |
|
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Revenue |
70 572 000 |
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Net Income |
729 000 |
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Total Equity |
27 519 500 |
LEGAL FILINGS
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There are no legal for the subject |
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SUMMARY
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The company is dedicated to the trade and distribution of cosmetics,
pharmaceuticals, medical equipment. It has 47 years of experience in the market with a large sized
structure. It is related to other 4 companies belonging to the same group. The company is well established in the market operating with well
known suppliers and brands. |
RISK INFORMATION
|
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DEBTS |
Controlled |
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PAYMENTS |
No Complaints |
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CASH FLOW |
Normal |
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SUGGESTED CREDIT LINE |
USD 100 000 |
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STATUS |
Active |
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|
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INTERVIEW |
|
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NAME |
NA |
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POSITION |
Administrative |
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COMMENTS |
The person contacted confirmed managers, activity, brand, RTN, group
and Suppliers. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.26 |
|
|
1 |
Rs.99.53 |
|
Euro |
1 |
Rs.73.47 |
INFORMATION DETAILS
|
Analysis Done by
: |
KIN |
|
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|
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 |
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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 |
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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 |
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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 |
|
-- |
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.