MIRA
INFORM REPORT
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Report Date : |
29.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
GALENA QUIMICA E FARMACEUTICA LTDA |
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Registered Office : |
Rua Pedro Stancato, 860 – Campos dos Amarais, 13082-380 –
Campinas / SP |
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Country : |
Brasil |
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Financials (as on) : |
2005 |
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Date of Incorporation : |
14.04.1987 |
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Com. Reg. No.: |
35.207.449.774 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Wholesale trade of pharmaceutical products, perfumery and
cosmetics |
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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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
Head information
Company name: GALENA
QUIMICA E FARMACEUTICA LTDA.
Trade Name: GALENA
Economical Group: GALILEU
EMPREENDIMENTOS
Address: Rua
Pedro Stancato, 860 – Campos dos Amarais, 13082-380 – Campinas / SP - Brasil
Phone: (55-11)
3746-7700
Fax: (55-11)
3246-3079
E-mail: mauricio.pisselli@galena.com.br
Web Site: www.galena.com.br
Legal information
Legal Status: Private
Limited Company
Incorporation date: April
14, 1987
Register number #: 35.207.449.774
Tax contributor (CNPJ): 57.442.774/0001-90
Registered Capital: R$6.200.000,00
State Registration #: 244.296.468.112
Number of employees: 154
Branches: 07
in the cities; Anapolis, Campinas, Cariacica, São Paulo and Vitoria.
History
Established on April 14, 1987, chartered at the State Commerce
Registration Office of São Paulo (JUCESP) under #35.207.449.774, with the
registered name of Galena Distribuidora de Produtos Químicos e Farmacêuticos
Ltda. On May 15,1990 the subject changed to the present registered name.
Shareholders/Partnership:
Galileu Empreendimentos Comerciais Ltda -
76,4%
(Joined 02/2002) Brazil, CPNJ 02.417.926/0001-02
Ranan Katz -
11,8%
(Joined 04/1987) Brazilian, Single, CPF 065.071.268-45
Agenor Giuliette Junior -
11,8%
(Joined 04/1987) Brazilian, Married, CPF 024.918.018-92
Management:
Agenor Giuliette Junior -
President Director
Brazilian, Married, CPF 024.918.018-92
Ranan Katz -
Vice President
Brazilian, Single, CPF 065.071.268-45
Tobias Antônio Bueno - Director Superintendente
Brazilian, Marriedo, CPF 867.303.808-10
Properties
Not informed.
Registered line of business:
Wholesale trade of pharmaceutical products, perfumery and cosmetics
Main Products:
Pharmaceutical products
Import countries:
Not informed.
Export countries:
Not informed.
Related Companies
Stock participation:
Not informed.
Financial Data
According to the Brazilian Law Private Limited Companies are not obliged
to file financial accounts for public inspection.
The following financial statement was obtained through outside sources
consulted.
Balance sheet information for fiscal year ending:
31/12/2005 – US$1.00 = R$2,341
31/12/2004 – US$1.00 = R$2,654
Figures are in (Thousands of) Reais R$:
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Assets |
2005 |
2004 |
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Current Assets |
37.098 |
46.816 |
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Inventory |
19.608 |
25.617 |
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Other Assets |
17.490 |
21.199 |
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Long Term Assets |
71 |
0 |
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Fixed Assets |
5.136 |
3.847 |
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Investment |
275 |
275 |
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Immovable |
4.375 |
3.086 |
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Deferred |
486 |
486 |
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Total Assets |
42.305 |
50.663 |
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Liabilities |
2005 |
2004 |
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Current Liabilities |
15.336 |
21.664 |
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Suppliers |
6.541 |
16.472 |
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Other liabilities |
8.795 |
5.192 |
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Long Term Liabilities |
15.622 |
22.609 |
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Net Equity |
11.347 |
6.390 |
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Capital |
6.200 |
6.200 |
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Reserves |
3.044 |
3.044 |
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Total Liabilities |
42.305 |
50.663 |
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Income Statement |
2005 |
2004 |
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Annual Net Sales |
83.832 |
100.548 |
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Gross Income |
28.693 |
24.672 |
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Operating Income |
5.671 |
443 |
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Net Income |
4.958 |
153 |
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Financial Analysis |
2005 |
2004 |
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Current Ratio |
2,41 |
2,16 |
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Current Debt Ratio |
1,35 |
3,39 |
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Total Debt Ratio |
3,72 |
7,90 |
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Working Capital |
$21.762 |
$25.152 |
Dollar rate US$1.00 = R$1,767
Remark: It was not possible to find the update financial statement
through outside sources consulted.
Banking
Remark: banking comments could not be obtained due to legal restrictions
from the Brazilian Law.
No returned checks were found either in the name of the company or
partners.
Insurance
Not informed.
Payment information
*Information obtained from outside sources and
public consulted.
206 Invoices:
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Information on purchases: |
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DEC/2007 |
Last: |
R$2.000 |
Average: |
R$6.029 |
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Information on invoicing: |
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NOV/2007 |
Highest: |
R$40.864 |
Average: |
R$7.242 |
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Information on accumulation: |
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NOV/2007 |
Highest: |
R$40.864 |
Average: |
R$7.590 |
96% - Prompt payments
04% - Delays from 08 up to 15 days
Trade References
Main Suppliers:
Globe Química Ltda
Cardinal Health Brasil 402 Ltda
Colbras Indústria e Comércio Ltda
Cosmotec Especialidades Cosméticas Ltda
Main clients:
Avon Cosméticos Ltda.
Yago Greghi & Cia. Ltda.
Drogaria Telefarma Ltda.
Phd Farmácia de Manipulação Ltda.
Natrium Farmácia de Manipulação Ltda.
Public Records Information
Negative information was found:
02 protested bills:
18/Dec/2007 - R$10.200,00 – Campinas / SP
18/Dec/2007 - R$10.200,00 – Campinas / SP
01 Executive Lawsuit:
26/Jul/2006 – R$10.000,00 – São Paulo / SP
Remarks
Contacted Mr. Mauricio Pisselli, we requested the balance sheet of 2006
however until the moment we didn't receive an answer.
The information in this report were obtained from outside sources and
public records consulted.
Final Opinion
By virtue of the lack of updated financial data, we don't have concrete
base to base our opinion in order to do credit rating.
RATING
EXPLANATIONS
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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 |
Unfavourable & favourable factors carry similar weight in credit consideration.
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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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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%)