MIRA
INFORM REPORT
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Report Date : |
31.01.2008 |
IDENTIFICATION
DETAILS
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Name : |
BRANDOLIS FARMACEUTICA LTDA |
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Registered Office : |
Rua Antonio Luchiari, 807- Distr.Industrial, 13054-700 Campinas / SP |
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Country : |
Brazil |
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Financials (as on) : |
30.09.2007 |
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Date of Incorporation : |
July 15, 1987 |
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Com. Reg. No.: |
35.207.550.874 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Trade wholesale 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: BRANDOLIS FARMACEUTICA LTDA.
Trade Name: BRANDOLIS
Address: Rua
Antonio Luchiari, 807- Distr.Industrial
13054-700
Campinas / SP - Brasil
Phone: (55-19)
3765 9200
E-mail: solange.oliveira@brandolis.com.br
Web Site: www.brandolis.com.br
Legal information
Legal Status: Private Limited
Company
Incorporation
date: July 15, 1987
Register number #: 35.207.550.874
Tax contributor
(CNPJ): 57.795.114/0001-92
Registered
Capital: R$1.500.000,00
State Registration
#: 244.300.855.113
Number of
employees: 08
Branches: 01
History
Established on July 15, 1987, chartered at the State
Commerce Registration Office of São Paulo (JUCESP) under # 35.207.550.8740000,
as Brandolis Comércio e Importação Ltda. On 2000 the company changed into
Brandolis Comércio e Representação Ltda. On May 09, 1994 the subject adopted the present
registered name.
Partnership / Management:
Robinson Aparecido Brandolis (07/1987) - 98,0%
Brazilian, CPF: 401.212.758-68
Letícia Salles Brandolis Mello (01/2004) 01,0%
Brazilian, CPF:
262.741.348-16
Luiz Fernando Salles Brandolis (01/2004) - 01,0%
Brazilian, CPF:
226.542.188-05
Properties
Not informed.
Registered
line of business:
Trade wholesale pharmaceutical products,
perfumery and cosmetics.
Import
countries:
Not informed.
Export
countries:
Not informed.
Purchases:
96,0% - Domestic market
04,0% - International market
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.
Quarterly balance sheet as of 30/09/2007 –
US$1.00 = R$1,839
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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09/2007 |
2006 |
2005 |
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Current Assets |
8.273 |
8.044 |
8.146 |
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Inventory |
5.045 |
5.044 |
4.194 |
Other Assets
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3.228 |
3.000 |
3.952 |
Fixed Assets
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3.715 |
3.446 |
1.189 |
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Immovable |
3.715 |
3.446 |
1.189 |
Total Assets
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11.988 |
11.490 |
9.335 |
Liabilities
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09/2007 |
2006 |
2005 |
Current Liabilities
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4.877 |
4.432 |
2.312 |
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Suppliers |
3.047 |
3.282 |
2.116 |
Other liabilities
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1.830 |
1.150 |
196 |
Net Equity
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7.111 |
7.058 |
7.017 |
Capital
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1.500 |
1.500 |
1.500 |
Accumulated
Profit (Loss)
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5.611 |
5.558 |
5.517 |
Total Liabilities
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11.988 |
11.490 |
9.335 |
Income Statement
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09/2007 |
2006 |
2005 |
Annual Net Sales
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7.038 |
11.213 |
15.565 |
Gross Income
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3.036 |
4.043 |
3.889 |
Operating Income
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597 |
1.406 |
1.674 |
Net Income
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$268 |
$1.050 |
$1.153 |
Financial Analysis
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09/2007 |
2006 |
2005 |
Current Ratio
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1,69 |
1,81 |
3,51 |
Current Debt Ratio
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0,68 |
0,62 |
0,33 |
Total Debt Ratio
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1,68 |
1,62 |
1,33 |
Working Capital
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$3.396 |
$3.612 |
$5.828 |
(Dollar
rate US$1.00 = R$1,741 on 14/01/2008).
Banking
Banco Itaú S/A. -
branch 0009
Banco do Brasil S/A. - branch 3360
Banco Nossa Caixa S/A. - branch 0003
Remark: banking comments could not be
obtained due to legal restrictions from the Brazilian Law.
Up to January 14, 2008 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.
78 – Invoices:
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Information
on purchases: |
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DEC/2007 |
Last: |
R$48
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Average: |
R$10.549
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Information
on invoicing: |
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NOV/2007 |
Highest: |
R$110.549
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Average: |
R$13.362
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Information on accumulation:
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NOV/2007 |
Highest: |
R$110.549
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Average: |
R$18.529
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93% - Prompt payments
02% - Delays from 08 up to 15 days
05% - With superior delays to 60 days
Trade References
Main
Suppliers:
Totvs S/A.
Indukern do Brasil Química Ltda.
Mewrse Artigos para Laboratórios Ltda.
Interchange Veterinária Indústria e Comércio
Ltda.
Main
clients:
Fatec S/A.
Cargill Nutrição Animal
Agroceres nutrição Aninal Ltda.
Royton Química Farmacêutica Ltda.
San Lac Tecnologia Nutrição e Saúde Animal
Ltda.
Public Records Information
No negative information was found.
Remarks
Contacted Mrs.
Solange Oliveira / Import until the moment we don't have an answer, in case it
supplies us the information we will send again ourselves a complete report.
The information in this report were obtained from outside
sources and public records consulted.
Final Opinion
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%)