MIRA INFORM REPORT
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Report Date : |
21.04.2011 |
IDENTIFICATION DETAILS
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Name : |
LABORATÓRIO SANOBIOL LTDA |
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Registered Office : |
Rua Olinda, 184 - Capela Do Socorro |
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Country : |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
18.06.1974 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Manufacture of Pharmaceuticals and |
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 : |
US$ 1.000,000,00 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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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 – December 31, 2010
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Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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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 |
Company
name
LABORATÓRIO
SANOBIOL LTDA
Company
ADDRESSES
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MAIN ADDRESS: |
RUA |
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ZIP CODE/CITY: |
04761-020 - SĂO PAULO/SP |
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PHONE: |
11 5523-6199 |
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FAX: |
11 5686-8979 |
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E-MAIL: |
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WEB SITE: |
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BRANCHES: |
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ADDRESS: |
AVENIDA DAS QUARESMEIRAS - S/Nş. - DISTRITO INDUSTRIAL |
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ZIP CODE/CITY: |
37550-000 POUSO ALEGRE/MG |
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PHONE: |
35 3449-2600 |
LEGAL
DATA
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MAIN ACTIVITIES: |
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MANUFACTURE OF PHARMACEUTICALS AND DISPOSABLE HOSPITAL MATERIAL. |
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LEGAL FORM: |
LIMITED
LIABILITY COMPANY |
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INCORPORATION DATE: |
18/06/1974 |
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REGISTER DATE: |
18/06/1974 |
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BALANCE SHEET FILING DATE: |
31/12 |
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TAX CONTRIBUTOR NUMBER (CNPJ): |
21.561.931/0001-39 |
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STATE REGISTER: |
109.183.474.113 |
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SHARE CAPITAL: |
R$ 9.000.000,00 |
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BOARD OF
DIRECTORS: |
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HENRIQUE MONTANARI NAVAS |
ADMINISTRATIVE DIRECTOR |
AUTHORIZED
USE OF SIGNATURE
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THE DIRECTOR IS
AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
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SHAREHOLDERS /
PARTNERS: |
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MANEESH PHARMACEUTICALS PRIVATE LIMITED |
R$ 8.999.990,00 |
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VINAY RAMAKANT SAPTE |
R$ 10,00 |
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AFFILIATES /
SUBSIDIARIES: |
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MAX SOLUTION ASSISTĘNCIA TÉCNICA |
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FRANAV PARTICIPAÇŐES |
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PHOEBEL ASSISTĘNCIA TÉCNICA EM EQUIPAMENTOS INDUSTRIAIS LTDA |
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LASA INDÚSTRIA FARMACĘUTICA LTDA |
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ÁUREA IMPORTADORA E EXPORTADORA DE PRODUTOS MÉDICOS LTDA EPP |
COMPANY'S
BACKGROUND
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THE SUBJECT WAS ESTABLISHED ON JUNE 18, 1974 AS LABORATÓRIO SANOBIOL
S/A. TO BE ENGAGED IN THE SAID LINE OF BUSINESS. LATER IT ADOPTED THE
ABOVE-MENTIONED NAME. THE COMPANY OPERATES WITH THE TRADE NAME "SANOBIOL". THE PARTNERS / DIRECTOR: MANEESH PHARMACEUTICALS PRIVATE LIMITED: HEADQUARTERED AT VINAY RAMAKANT SAPTE: INDIAN, HOLDER OF DOCUMENT # CPF 744.047.841-04,
RESIDENTIAL ADDRESS AT 61, TOWER A KALPATARU RESIDENCY, KAMANI MARG, OPP.
CINE PLANET, SION, MUMBAI - 400022, MAHARASHTRA STATE, INDIA; HENRIQUE MONTANARI NAVAS: BRAZILIAN, HOLDER OF DOCUMENTS # CPF 135.192.368-45, # RG 93771770 SP,
RESIDENTIAL ADDRESS AT RUA COMENDADOR ELIAS ZARZUR, 269, SANTO AMARO, ZIP
CODE 04736-000, SĂO PAULO/SP, REPRESENTING MANEESH PHARMACEUTICALS PRIVATE
LIMITED AND VINAY RAMAKANT SAPTE. FURTHER DETAILS ABOUT THE SUBJECT'S HISTORY IS SO FAR NOT KNOWN. |
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PUBLIC
INFORMATION: |
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LAWSUITS: |
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DATE: |
COURT OF LAW: |
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1 |
FEDERAL LAWSUIT |
18/09/08 |
3Ş VARA DE SĂO PAULO/SP - FEDERAL |
FINANCIAL
INFORMATION
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GENERAL BALANCE SHEETS AS OF 31/12/2009. |
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(FIGURES ARE IN REAIS). |
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ASSETS
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CURRENT: |
31/12/2009 |
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CASH AND CASH EQUIVALENTS |
2.214.960,68 |
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CLIENTS |
8.295.176,72 |
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INVENTORY |
3.010.280,98 |
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CREDITS |
872.849,26 |
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RECOVERABLE TAXES |
899.149,19 |
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INVESTMENTS |
1.155.715,63 |
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ADVANCES |
4.285.769,02 |
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PRE PAID EXPENSES |
712.554,81 |
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---------------- |
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TOTAL CURRENT ASSETS |
21.446.456,29 |
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FIXED ASSETS: |
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INVESTMENTS |
99.013,94 |
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FIXED ASSETS |
17.454.275,89 |
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---------------- |
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TOTAL FIXED ASSETS |
17.553.289,83 |
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================ |
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TOTAL ASSETS |
38.999.746,12 |
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LIABILITIES: |
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CURRENT: |
31/12/2009 |
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LOANS AND FINANCING |
2.574.346,67 |
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SUPPLIERS |
5.689.223,04 |
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FOREIGN SUPPLIERS |
440.626,58 |
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TRIBUTARY OBLIGATIONS |
728.524,33 |
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SOCIAL OBLIGATIONS |
1.339.808,03 |
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COMMISSIONS DUE |
752.998,69 |
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FREIGHTS PAYABLE |
771.410,62 |
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OTHER |
1.299.073,91 |
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---------------- |
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TOTAL CURRENT LIABILITIES |
13.596.011,87 |
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LONG TERM
LIABILITIES: |
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LOANS AND FINANCING |
5.836.032,97 |
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---------------- |
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TOTAL LONG TERM LIABILITIES |
5.836.032,97 |
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NET EQUITY: |
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SHARE CAPITAL |
10.080.000,00 |
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CAPITAL RESERVES |
472.000,00 |
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ACCRUED PROFIT (LOSS) |
5.610.049,10 |
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PROFIT (LOSS) OF PERIOD |
3.405.652,18 |
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---------------- |
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TOTAL NET EQUITY |
19.567.701,28 |
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================ |
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TOTAL LIABILITIES |
38.999.746,12 |
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PROFIT AND LOSS ACCOUNTS AS OF 31/12/2009. |
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(FIGURES ARE IN REAIS). |
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31/12/2009 |
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GROSS SALES |
53.406.126,69 |
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(-) TAXES ON SALES |
5.891.960,59 |
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NET SALES |
47.514.166,10 |
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(-) COST OF SOLD GOODS |
30.355.840,60 |
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---------------- |
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GROSS PROFIT |
17.158.325,50 |
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OPERATING REVENUE (EXPENSE) |
-10.558.313,15 |
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FINANCIAL REVENUE (EXPENSE) |
-1.545.541,63 |
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---------------- |
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OPERATIONAL PROFIT (LOSS) |
5.054.470,72 |
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NON-OPERATING RESULT |
69.230,20 |
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CONTRIBUTION/INCOME TAX |
-1.718.048,74 |
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---------------- |
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NET PROFIT (LOSS) |
3.405.652,18 |
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MONTHLY SALES |
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2010 |
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--------------------- |
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JANUARY |
R$ 6.601.328,10 |
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FEBRUARY |
R$ 6.176.997,29 |
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MARCH |
R$ 7.506.717,28 |
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APRIL |
R$ 7.277.937,06 |
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MAY |
R$ 6.531.587,50 |
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JUNE |
R$ 5.428.249,03 |
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JULY |
R$ 4.370.022,62 |
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AUGUST |
R$ 4.468.455,20 |
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SEPTEMBER |
R$ 4.142.944,16 |
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OCTOBER |
R$ 3.575.757,84 |
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NOVEMBER |
R$ 3.587.327,64 |
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DECEMBER |
R$ 3.544.576,49 |
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TOTAL |
R$ 63.211.900,21 |
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RATIOS: |
31/12/2009 |
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QUICK RATIO |
1,36 |
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CURRENT RATIO |
1,58 |
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ACCOUNTS RECEIVABLE TURNOVER |
5,73 |
TIMES |
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DAYS' SALES IN RECEIVABLES |
62,85 |
DAYS |
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INVENTORY TURNOVER |
10,08 |
TIMES |
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ACCOUNTS PAYABLE PERIOD |
67,47 |
DAYS |
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RETURN ON ASSETS |
1,22 |
TIMES |
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SALES TURNOVER ON NET EQUITY |
2,43 |
TIMES |
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NET WORTH TIE-UP |
,89 |
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INDEBTEDNESS |
,99 |
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EQUITY RATIO |
50,17 |
% |
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WORKING CAPITAL RATIO |
57,74 |
% |
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GENERAL SOLVENCY |
2,01 |
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RETURN ON NET EQUITY |
17,40 |
% |
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RETURN ON SALES (PROFIT MARGIN) |
7,17 |
% |
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GROSS PROFIT MARGIN |
36,11 |
% |
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OPERATIONAL RESULT |
10,64 |
% |
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SALES TURNOVER ON LIABILITIES |
3,49 |
TIMES |
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FOREIGN CURRENCY ON ASSETS |
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FOREIGN CURRENCY ON LIABILITIES |
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EXCHANGE RATE: |
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US$ 1,00 = R$ 1,57 |
- OFFICIAL RATE ON 19/04/2011 |
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US$ 1,00 = R$ 1,74 |
- OFFICIAL RATE ON 31/12/2009 |
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COMMENTS ON THE
FINANCIAL INFORMATION: |
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FOLLOWS ATTACHED WORKSHEET WITH MAIN FINANCIAL RATIOS. THE FIGURES AVAILABLE SHOW A REMARKS: THE SHARE CAPITAL SHOWED IN THE BALANCE SHEET IS DIFFERENT FROM THE
REGISTERED SHARE CAPITAL. THE COMPANY STATED THAT THEY HAVE NOT REGISTERED
THE NEW SHARE CAPITAL YET. NO FURTHER DETAILS WAS DISCLOSED. |
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REAL ESTATE: |
NOT AVAILABLE.
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VEHICLES: |
NOT AVAILABLE.
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MACHINES: |
NOT AVAILABLE.
INSURANCE
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NOT AVAILABLE. |
BANKING
REFERENCES
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NOT AVAILABLE. |
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REMARKS: IN ACCORDING TO THE CENTRAL BANK OF |
ACTIVITIES
COMMENTS
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MANUFACTURE OF PHARMACEUTICALS AND DISPOSABLE HOSPITAL MATERIAL. |
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IMPORT AND
EXPORT: |
IMPORTS FROM:
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NOT AVAILABLE. |
EXPORTS TO:
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NOT AVAILABLE. |
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MAIN CLIENTS: |
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NOT AVAILABLE. |
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STAFF: |
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THE COMPANY HAS: 200 EMPLOYEES |
CONCEPT
AND FULFILMENT
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THE SUBJECT WAS ESTABLISHED IN 1974. SO FAR IT HAS A CLEAR TRADE
HISTORY AND THE COMPANY HAS TRADE RELATIONS WITH SOME LOCAL SUPPLIERS BUT UP TO
DATE ONLY SMALL PAYMENTS WERE REPORTED AND THE SUBJECT IS NOT SAID TO BE USER
OF TRADE CREDIT FACILITIES. THE LAWSUIT REPORTED IS NOT RELATED WITH TRADE DEBT. IT IS RELATED TO
TAX DEBT THAT FOR ANY REASON THE COMPANY HAS NOT YET PAID. NEVERTHELESS WE
POINT OUT THAT THE SAID LAWSUIT DOES NOT AFFECT THE COMPANY'S TRADE
REPUTATION. |
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MAIN SUPPLIERS: |
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NOT AVAILABLE. |
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PAYMENT HISTORY: |
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11 SUPPLIERS REPORTED PAYMENTS: |
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TOTAL AMOUNT: R$ 80.150,00 |
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AMOUNT OF INVOICES PAID: 51 |
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TOTAL OF PROMPT PAYMENTS: 100% |
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HIGHEST INVOICE: R$ 5.500,00 |
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HIGHEST CREDIT: R$ 5.500,00 |
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OUTSTANDING
INVOICES DUE WITHIN THE NEXT 30 DAYS: |
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--------------------------- |
SUPPLIERS: |
INVOICES: |
TOTAL AMOUNT: |
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DUE WITHIN 30 DAYS |
1 |
1 |
R$ 1.606,89 |
FINAL
OPINION
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THE SUBJECT IS A WELL-ESTABLISHED COMPANY IN BUSINESS FOR SEVERAL
YEARS. UP TO DATE IT HAS A NORMAL FINANCIAL STANDING, A CLEAR TRADE HISTORY
AND BASED ON THE GENERAL INFORMATION AVAILABLE IT IS BELIEVED THAT GOOD
TRADE RELATIONS MAY BE ESTABLISHED. CREDIT FACILITIES MAY BE EXTENDED WITHIN
TERMS AND AMOUNTS ADEQUATE TO THE COMPANY'S FINANCIAL STRENGTH. A CREDIT LIMIT OF US$ 1.000.000,00 MAY BE CONSIDERED. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs. |
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1 |
Rs. |
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Euro |
1 |
Rs. |
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 |
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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-- |
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.