MIRA
INFORM REPORT
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Report Date : |
08.01.2008 |
IDENTIFICATION
DETAILS
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Name : |
OURO FINO SAÚDE ANIMAL LTDA |
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Registered Office : |
Via Anhanguera SSP 330,S/Nº KM 298– Distr. Industrial 14140-000 –
Cravinhos/SP |
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Country : |
Brazil |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
June 01, 1987 |
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Com. Reg. No.: |
35.207.505.216 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Industry of Veterinarian Products |
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 : |
Regular |
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Litigation : |
Clear |
Company name
OURO FINO SAÚDE ANIMAL LTDA
Trade Name
OURO FINO
Economical Group
OURO FINO EMPREENDIMENTOS
Address
Via Anhanguera SSP 330,S/Nº KM 298– Distr.
Industrial
14140-000 – Cravinhos/SP – Brasil
Phone: (55-16)3518-2000
/ 3951-5070
Fax: (55-16)3518-2000
E-mail: valter.santos@ourofinovet.com.br
Web Site: www.ofdomi.com.br
/ www.ourofinovet.com.br
Legal information
Legal Status: Private Limited Company
Incorporation date: June 01, 1987
Register number: 35.207.505.216
Tax contributor (CNPJ): 57.624.462/0001-05
Registered capital: R$18.180.000,00
State Registration #: 279.074.337.117
Number of employees: 365
Ribeirão Preto/SP, México
Branches: Ribeirão Preto/SP
Rua Dr. Edgard Cajado, 226 – Campos Elíseos
14080-460 – Ribeirão Preto/SP – Brasil
Rua Vicente Golfeto, 29/79 – Campos Elíseos
14080-470 – Ribeirão Preto/SP – Brasil
History
Established on June 01, 1987, chartered at the State Commerce Registration Office of São Paulo (JUCESP) under # 35.207.505.216, as Produtos Veterinários Ouro Fino Ltda. On September 17, 2004 it changed to the present one.
The Group Ouro Fino, 100% Brazilian, acting
since 1987 when it began its activities in the production and commercialization
of pharmaceutical products for animal health. With administrative and
productive facilities in Ribeirão Preto (SP), Cravinhos (SP) and a branch in
Mexico, the group is one of the main exporters of this line of business.
The company cut your patrimony,
destined part for Logistíca Ouro Fino Ltda.
Shareholders
Partnership
Ouro Fino Participações e Empreendimentos
S/A. -
99,8%
(Joined 10/2004),Brazil, CNPJ:07.065.512/0001-85
Jardel Massari - 0,1%
(Joined
06/1987),Brazilian, Married, CPF 263.940.816-04
Norival Bonamichi - (Joined 06/1987) - 0,1%
(Joined 06/1987),Brazilian, Married, CPF 263.572.166-15
Managers:
Jardel Massari
Brazilian, Married, CPF 263.940.816-04
Norival Bonamichi
Brazilian, Married, CPF 263.572.166-15
Fábio Lopes Junior
Brazilian, Married, CPF 252.784.768-42
Dolivar Coraucci Neto
Brazilian, Married, CPF 252.784.768-42
Properties
Own building, total area: 121.448.278m², built up area: 25.000m², valued at R$20.000.000,00
Other
properties, valued at R$480.192,00
Registered
line of business:
Industry of Veterinarian Products
Main Products:
21% - cypermil pour on
15% - invermectin
15% - ricobendazole
11% - abamectin
Purchases:
62% - domestic market
38% - international market
Sales:
99% - domestic market
01% - international market
Import countries: China, Germany
Related Companies
Stock Participation:
LOGÍSTICA OURO FINO LTDA -
CNPJ:04.771.902/0001-82
- Ouro Fino Part.e
Empreendimentos S/A.- 99,5%
OURO FINO DOMISSANITÁRIOS LTDA. - CNPJ:05.978.046/0001-01
- Ouro Fino Part.e
Empreendimentos S/A.- 99,0%
MINAS LOGÍSTICA OURO FINO LTDA. -
CNPJ:07.167.393/0001-71
- Ouro Fino Part.e
Empreendimentos S/A.- 99,0%
CENTRO OESTE LOGÍSTICA OURO FINO LTDA. - CNPJ:07.181.400/0001-90
- Ouro Fino Part.e
Empreendimentos S/A.- 99,0%
OURO FINO AGROSCIENCES LTDA. -
CNPJ:05.480.599/0001-21
- Ouro Fino Part.e Empreendimentos S/A.- 85,%
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.
Interim balance sheet as of 31/10/2007 – US$1.00 = R$1,746
Balance sheet information for fiscal year
ending:
31/12/2006 – US$1.00 = R$2,138
31/12/2005 – US$1.00 = R$2,341
Figures are in (Thousands of) Reais R$:
Assets
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10/2007 |
2006 |
2005 |
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Current Assets |
40.534 |
36.697 |
28.496 |
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Inventory |
17.268 |
12.975 |
11.916 |
Other Assets
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23.266 |
23.722 |
16.580 |
Long Term
Assets
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14.037 |
8.305 |
726 |
Fixed
Assets
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53.188 |
43.408 |
42.266 |
Investment
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901 |
140 |
118 |
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Immovable |
51.373 |
43.265 |
42.128 |
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Deferred |
914 |
(85) |
20 |
Total
Assets
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107.759 |
88.410 |
71.488 |
Liabilities
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10/2007 |
2006 |
2005 |
Current
Liabilities
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22.309 |
19.529 |
42.799 |
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Suppliers |
5.975 |
5.778 |
4.971 |
Other liabilities
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16.334 |
13.751 |
37.828 |
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Long Term Liabilities |
66.463 |
49.806 |
12.066 |
Net Equity
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18.987 |
19.075 |
16.623 |
Total
Liabilities
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107.759 |
88.410 |
71.488 |
Income Statement
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10/2007 |
2006 |
2005 |
Annual Net
Sales
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61.060 |
67.599 |
56.548 |
Gross
Income
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20.669 |
20.079 |
13.212 |
Operating
Income
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275 |
3.278 |
250 |
Net Income
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110 |
2.451 |
(656) |
Financial Analysis
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10/2007 |
2006 |
2005 |
Current Ratio
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1,81 |
1,87 |
0,66 |
Current Debt Ratio
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1,17 |
1,02 |
2,57 |
Total Debt Ratio
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5,67 |
4,63 |
4,30 |
Working Capital
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$18.225 |
$17.168 |
$(14.303) |
(Dollar rate US$1.00 = R$1,757 on 04/01/2007).
Banking
Banco do Brasil S/A -
branch.3370
Banco ABN Amro Real S/A -
branch 0742
Unibanco União dos Bancos Brasileiros S/A - branch 0036
Banco Bradesco S/A - branch.
0444
Banco Itaú S/A -
branch. 0332
Remark:
banking
comments could not be obtained due to legal restrictions from the Brazilian
Law.
Up to date no returned checks were found either in the name of the company or partners.
Insurance
Coverage Multi-risks
Value: R$63.000.000,00
Expiration: April,
2008
Payment Information
788 - Invoices
Information on purchases:
DEC/2007 Last: R$15.016 Average: R$8.524
Information on invoicing:
OCT/2007 Highest: R$340.000 Average: R$26.639
Information on accumulation:
OCT/2007 Highest: R$343.938 Average: R$34.048
99% - Prompt payments
01% - Delays from 08 up to 15 days
Trade References
Main
Suppliers - Brasil:
Sonoco For Plas S/A.
Cia. Metalurgica Prada
Box Print Grupograf Ltda.
Galena Química e Farmacêutica Ltda.
Cacr Engenharia e Instalações Ltda.
West Pharmaceutical Services do Brasil Ltda.
Trox do Brasil Difusão de Ar Acústica
Filtragem
Main
Suppliers abroad:
Xiamen Mchem Import & Export Ltd - China
Handelsgesellschaft Detlef Von Appen Mbh - Germany
Main
clients:
Sadia S/A.
Vallee S/A.
Laboratório Bio Vet S/A.
Perdigão Agroindustrial S/A
Minas Logística Ouro Fino Ltda.
Cooperativa Truticola Erechim Ltda
Cooperativa dos Cafeicultores e
Citricultores
Cooperativa dos Agricultores da Região de
Orlândia
Elize Chemical Comercial Importação e
Representação Ltda.
Public Information
Up to date, no negative information was
found.
Remarks
The information in this report were obtained from outside sources and public records consulted.
Final Opinion
Additional information:
Subject informed that changed its corporate name to OURO FINO SAÚDE ANIMAL LTDA and its head office to the city of Cravinhos, state of São Paulo, in order to adapt to the new Brazilian code of civil procedure.
We believe it may be possible to have trade relation with the subject company with amounts that fit to its economic-financial resources, under usual terms. When higher amounts are involved we recommend dealing under secured terms.
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%)