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MIRA INFORM REPORT
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Report No. : |
487124 |
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Report Date : |
20.01.2018 |
IDENTIFICATION DETAILS
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Name : |
MATERIAS PRIMAS FARMACEUTICAS SRL |
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Registered Office : |
C/Jatfres Esq Beisbolista, Santo Domingo, Distrito
Nacional, frente a la ferretería La Innovación |
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Country : |
Dominican Republic |
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Date of Incorporation : |
1994 |
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Legal Form : |
Sociedad de Responsabilidad Limitada |
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Line of Business : |
Import And Distribution Of Raw Material For Pharmaceutical, Food And
Veterinary Products |
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No. of Employees : |
45 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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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
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Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
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Dominican Republic |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
DOMINICAN REPUBLIC
- ECONOMIC OVERVIEW
The Dominican Republic was for most of its history primarily 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 construction, 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, one of the largest gold mines in the world. 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, a large informal sector, and underemployment remain important long-term challenges.
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 Central America-Dominican Republic Free Trade Agreement came into force in March 2007, boosting investment and manufacturing exports.
The Dominican Republic's economy rebounded from the global recession in 2010-16, and the fiscal situation is improving. A tax reform package passed in November 2012, a reduction in government spending, and lower energy costs helped to narrow the central government budget deficit from 6.6% of GDP in 2012 to 2.6% in 2016. 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 4% of GDP. Since 2015 the Dominican Republic has posted the fastest economic growth in Latin America.
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Source
: CIA |
STATUTORY
INFORMATION
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Legal
Name: |
MATERIAS PRIMAS FARMACEUTICAS SRL |
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Trade
Name: |
MAPRIFARMA SRL |
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RNC: |
101744111 |
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Date
Created: |
1994 |
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Date
Incorporated: |
1997 |
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Legal
Address: |
C/Jatfres Esq Beisbolista Santo Domingo, Distrito Nacional, frente a la ferretería
La Innovación República Dominicana |
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Operative
Address: |
C/Jatfres Esq Beisbolista Santo Domingo, Distrito Nacional, frente a la
ferretería La Innovación República Dominicana |
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Telephone:
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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 Gutierrez, President |
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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 |
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:
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BASF Dominicana, S.A |
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Suppliers:
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Clariant (Mexico) S.A. De C.V. Mexico Schott Envases Farmaceuticos S.A. Colombia Arrow Chemical Group Corp. China K.D. Feddersen GmbH & Co. KG Germany |
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Operations
area: |
National |
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The
company imports from |
Mexico, USA, Colombia, South Africa, Germany, China |
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The
company exports to |
Caribbean |
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The
subject employs |
45 people |
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Payments:
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No Complaints |
LOCATION
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Headquarters
: |
C/Jatfres Esq Beisbolista Santo Domingo, Distrito Nacional, frente a la
ferretería La Innovación República Dominicana |
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Branches:
Related Companies: |
The company does not have branches registered Reactivos Analíticos D.S., SRL C/Jatfres Esq Beisbolista Santo Domingo, Distrito Nacional República Dominicana |
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Business
Overview: |
Companies in this industry distribute plastics materials,
alkalis and chlorine, detergents and soaps, adhesives, and industrial gases. |
GROUP
STRUCTURE AND SUBSIDIARY COMPANIES
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Listed at the stock exchange: |
NA |
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Capital:
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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:
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Miguel Gutierrez, President Ana Zunilda Veras, Vicepresident Mabelle Peña, Accoutant Yolibel Rodriguez, Administrative |
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Related
Companies: |
Reactivos Analiticos DS S R L |
FINANCIAL
INFORMATION
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This is a private company which does not make its financial information
public. The following information has been provided by outside sources. |
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Currency |
USD |
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Year |
2016 |
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Revenue |
2 500
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 |
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 |
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CALL |
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INTERVIEWEE |
Elizabeth Ascensio |
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POSITION |
Administrative |
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COMMENTS |
She confirmed RNC, name, staff number, managers,
ownership, experience, complete address and activity. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 63.72 |
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1 |
INR 88.64 |
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Euro |
1 |
INR 78.14 |
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DOP |
1 |
INR 1.31 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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DIV |
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Report Prepared
by : |
KET |
RATING EXPLANATIONS
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with moderate
risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on secured
terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
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Promoters
/ Management background
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Payment
record
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Litigation
against the subject
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Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.