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MIRA INFORM REPORT

 

 

Report Date :

21.04.2011

 

IDENTIFICATION DETAILS

 

Name :

LASA INDUSTRIA FARMACÊUTICA LTDA .

 

 

Registered Office :

RODOVIA SC 453, S/N°. KM,48 P.O. BOX 458 - BAIRRO INDUSTRIAL

 

 

Country :

Brazil

 

 

Financials (as on) :

31.12.2007

 

 

Date of Incorporation :

01.09.1981

 

 

Legal Form :

Limited Liability Company.

 

 

Line of Business :

Manufacturing of Pharmaceutical Products.

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Moderate

 

 

Payment Behaviour :

Regular

 

 

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

 

Country Name

Previous Rating

(30.09.2010)

Current Rating

(31.12.2010)

Brazil

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company name

 

LASA INDUSTRIA FARMACÊUTICA LTDA .

 

 

Company ADDRESSES

 

MAIN ADDRESS:

RODOVIA SC 453, S/N°. KM,48 P.O. BOX 458 - BAIRRO INDUSTRIAL

ZIP CODE/CITY:

89560-000 - VIDEIRA/SC

 

 

PHONE:

49 3533-4100

FAX:

49 3533-4100

E-MAIL:

ale@lasa.ind.br

WEB SITE:

www.lasa.ind.br

 

BRANCHES:

 

 

 

ADDRESS:

RUA VLP 2, MÓDULO 02, QUADRA 01-B,,0 DISTRITO AGRO INDL DE ANÁPOLIS

ZIP CODE/CITY:

75133-600 ANÁPOLIS/GO

PHONE:

62 3316-1201

FAX:

62 3316-1201

CNPJ:

75.549.436/0002-14

STATE REGISTER:

10.389.081-5

 

 

ADDRESS:

RUA OLÍMPIA,184 SALA 01 - SANTO AMARO

ZIP CODE/CITY:

04761-020 SÃO PAULO/SP

 

 

LEGAL DATA

 

MAIN ACTIVITIES:

 

MANUFACTURING OF PHARMACEUTICAL PRODUCTS.

 

LEGAL FORM:

LIMITED LIABILITY COMPANY

 

 

INCORPORATION DATE:

01/09/1981

REGISTER DATE:

01/09/1981

BALANCE SHEET FILING DATE:

31/12

TAX CONTRIBUTOR NUMBER(CNPJ):

75.549.436/0001-33

STATE REGISTER:

250.847.604

 

 

SHARE CAPITAL:

R$ 7.650.400,00

 

BOARD OF DIRECTORS:

 

 

 

JOSE ANTONIO GONÇALVES

MANAGER

AUTHORIZED USE OF SIGNATURE

 

THE DIRECTOR IS AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY.

 

SHAREHOLDERS / PARTNERS:

 

 

 

MANEESH PHARMACEUTICALS PRIVATE LIMITED

R$ 7.650.390,00

VINAY RAMAKANT SAPTE

R$ 10,00

 

AFFILIATES / SUBSIDIARIES:

 

 

 

AUREA IMPORTADORA E EXPORTADORA DE PRODUTOS MEDICOS LTDA

 

SETA SERVIÇOS ADMINISTRATIVOS LTDA ME

 

 

 

COMPANY'S BACKGROUND

 

THE SUBJECT WAS ESTABLISHED ON SEPTEMBER 01, 1981 TO BE ENGAGED IN THE SAID LINE OF BUSINESS AND UP TO DATE IT IS STILL OPERATING WITHIN THE GENERAL SCENE REPORTED HEREIN.

 

PREVIOUS LEGAL NAMES:

LABORATÓRIO SANTO ANTONIO LTDA;

LABORATÓRIO SANTO ANTONIO S/A;

LASA INDUSTRIA FARMACÊUTICA S/A.

 

THE COMPANY OPERATES WITH THE TRADE NAME: LASA

 

PARTNERS:

 

MANEESH PHARMACEUTICALS PRIVATE LIMITED. IS A LEGALLY ESTABLISHED COMPANY LOCATED IN 23-24, KALPATARU COURTS, DR. CHOITRAM GIDWANI MARG, CHEMBUR MUMBAI, 400 074, INDIA, TAXPAYER'S REGISTRATION UNDER # 07.884.814/0001-85,  REPRESENTED BY ITS ATTORNEY HENRIQUE MONTANARI NAVAS, BRAZILIAN, DIVORCED, ENGINEER, HOLDER OF DOCUMENTS CPF # 135.192.368-42, RG # 9.377.177-0 SSP/SP, RESIDENTIAL ADDRESS AT RUA COMENDADOR ELIAS ZARZUR, 269, APTO 132, SÃO PAULO/SP;

 

DIEGO ANTONIO PADOVAM: INDIAN, MARRIED, ENTREPRENEUR, HOLDER OF PASSPORT F 3364708, CPF: 744.047.841-04, RESIDENTIAL ADDRESS 61, TOWER A, KALPATARU RESIDENCY, KAMANI MARG, OPP. CINE PLANET, SION, MUMBAI - 400 022, INDIA, REPRESENTED BY ITS ATTORNEY HENRIQUE MONTANARI NAVAS.

 

FURTHER DETAILS ARE SO FAR NOT KNOWN.

 

REMARKS:

--------

 

WHEN CONTACTING THE SUBJECT WE INTERVIEWED MR. ALEXANDRE, FINANCIAL DEPARTMENT, WHO INFORMED THAT WOULD NOT DISCLOSE ANY KIND OF INFORMATION UNLESS THE INQUIRING PARTY'S NAME WAS DISCLOSED.

 

IF IT IS POSSIBLE TO DISCLOSE THE NAME OF THE INTERESTED SUPPLIER OF THE SUBJECT, WE MAY RESUME OUR CONTACTS AND TRY TO OBTAIN FURTHER INFORMATION.

 

THE DATA CONTAINED HEREIN WERE OBTAINED FROM OUTSIDE SOURCES, OUR DATABASE AND OFFICIAL. NO FURTHER DATA WAS AVAILABLE WITH SEVERAL SOURCES USUALLY INVESTIGATED.

 

 

PUBLIC RECORDS INFORMATION:

 

PROTESTS:

 

244  PROTESTS,TOTAL AMOUNT R$ 452.557,64

    DATE OF FIRST PROTEST: 01/2009  R$ 2.402,70

    DATE OF HIGHEST PROTEST: 05/2009  R$ 13.472,16

DETAILS OF LATEST PROTESTS:

 

 

NOTARY OFFICE:

DATE:

VALUE:

CARTORIO DE VIDEIRA/SC

02/09/2010

R$ 193,24

CARTORIO DE VIDEIRA/SC

27/08/2010

R$ 1.907,91

CARTORIO DE VIDEIRA/SC

27/08/2010

R$ 193,18

CARTORIO DE VIDEIRA/SC

22/05/2009

R$ 13.472,16

CARTORIO DE VIDEIRA/SC

24/04/2009

R$ 2.523,00

 

LAWSUITS:

 

 

 

DATE:

COURT OF LAW:

 

1

JUDICIAL RECOVERY ADJUDGED

12/03/09

2º VARA DE VIDEIRA/SC

 

(RESEARCH DATE: 19/04/2011)

 

 

FINANCIAL INFORMATION

 

DUE TO THE SUBJECT’S LEGAL FORM, IT IS NOT OBLIGED TO PUBLISH THE BALANCE SHEET INFORMATION. WHEN INTERVIEWING SOURCES AT THE SUBJECT COMPANY DECLINED TO PROVIDE ANY KIND OF FINANCIAL INFORMATION.

 

OUTSIDE SOURCES CONTACTED SHOWED THE FOLLOWING FINANCIAL DATA ABOUT THIS COMPANY. NO MORE UPDATE OR COMPLETE IS AVAILABLE.

 

GENERAL BALANCE SHEETS AS OF 31/12/2007.

( FIGURES ARE IN REAIS ).

 

ASSETS

 

CURRENT:

31/12/2007

 

 

CASH AND BANKS

129.499,00

CLIENTS

848.538,00

DISCOUNTED NOTES

-78.327,00

ADVANCE TO SUPPLIERS

39.096,00

RECOVERABLE TAXES

771.344,00

INVESTMENTS

27.681,00

COLLECTION CHEQUES

137.660,00

INVENTORY

3.298.584,00

OTHER CREDITS

1.020,00

PREPAID EXPENSES

14.795,00

 

----------------

TOTAL CURRENT ASSETS

5.189.890,00

 

LONG-TERM RECEIVABLES:

 

 

 

COMPULSORY LOANS

156,00

 

----------------

TOTAL LONG-TERM RECEIVABLES

156,00

 

FIXED ASSETS:

 

 

 

FIXED ASSETS

4.505.662,00

 

----------------

TOTAL FIXED ASSETS

4.505.662,00

 

================

TOTAL ASSETS

9.695.708,00

 

LIABILITIES:

 

CURRENT:

31/12/2007

 

 

SUPPLIERS

2.932.677,00

SALARIES PAYABLE

51.663,00

TAXES & CONTRIBUTIONS

527.411,00

BANKING DEBTS

681.103,00

LABOR PROVISIONS

118.998,00

OTHER DEBTS

506.803,00

 

----------------

TOTAL CURRENT LIABILITIES

4.818.655,00

 

LONG TERM LIABILITIES:

 

 

 

TAXES AND CONTRIBUTIONS

269.271,00

LOANS AND FINANCING

542.283,00

RELATED COMPANIES

1.220.001,00

 

----------------

TOTAL LONG TERM LIABILITIES

2.031.555,00

 

NET EQUITY:

 

 

 

SHARE CAPITAL

7.650.400,00

LEGAL RESERVES

10.577,00

ACCRUED PROFIT (LOSS)

-4.815.479,00

 

----------------

TOTAL NET EQUITY

2.845.498,00

 

================

TOTAL LIABILITIES

9.695.708,00

 

PROFIT AND LOSS ACCOUNTS AS OF 31/12/2007.

( FIGURES ARE IN REAIS ).

 

 

31/12/2007

 

 

GROSS SALES

8.425.967,00

(-) TAXES ON SALES

1.537.454,00

 

----------------

NET SALES

6.888.513,00

(-) COST OF SOLD GOODS

3.759.221,00

 

----------------

GROSS PROFIT

3.129.292,00

OPERATING REVENUE (EXPENSE)

-3.160.267,00

FINANCIAL REVENUE(EXPENSE)

-349.771,00

 

----------------

OPERATIONAL PROFIT (LOSS)

-380.746,00

NON-OPERATING RESULT

17.755,00

 

----------------

NET PROFIT (LOSS)

-362.991,00

 

 

RATIOS:

31/12/2007

 

 

QUICK RATIO

,39

 

CURRENT RATIO

1,08

 

ACCOUNTS RECEIVABLE TURNOVER

8,12

TIMES

DAYS' SALES IN RECEIVABLES

44,35

DAYS

INVENTORY TURNOVER

1,14

TIMES

ACCOUNTS PAYABLE PERIOD

280,85

DAYS

RETURN ON ASSETS

,71

TIMES

SALES TURNOVER ON NET EQUITY

2,42

TIMES

NET WORTH TIE-UP

1,58

 

INDEBTEDNESS

2,41

 

EQUITY RATIO

29,35

%

WORKING CAPITAL RATIO

7,70

%

GENERAL SOLVENCY

1,42

 

RETURN ON NET EQUITY

-12,76

%

RETURN ON SALES (PROFIT MARGIN)

-5,27

%

GROSS PROFIT MARGIN

45,43

%

OPERATIONAL RESULT

-5,53

%

SALES TURNOVER ON LIABILITIES

1,43

TIMES

FOREIGN CURRENCY ON ASSETS

 

 

FOREIGN CURRENCY ON LIABILITIES

 

 

 

 

 

EXCHANGE RATE:

 

 

US$ 1,00 = R$ 1,57

 - OFFICIAL RATE ON 19/04/2011

US$ 1,00 = R$ 1,77

 - OFFICIAL RATE ON 31/12/2007

US$ 1,00 = R$ 2,13

 - OFFICIAL RATE ON 31/12/2006

US$ 1,00 = R$ 2,34

 - OFFICIAL RATE ON 31/12/2005

 

COMMENTS ON THE FINANCIAL INFORMATION:

 

FOLLOWS ATTACHED WORKSHEET WITH MAIN FINANCIAL RATIOS.

 

THE FIGURES AVAILABLE SHOW AN UNBALANCED FINANCIAL STANDING. THE LEVEL OF INDEBTEDNESS IS STILL HIGH BUT THE COMPANY SHOWS ACCEPTABLE CURRENT RATIO AND POSITIVE WORKING CAPITAL AMOUNT. HOWEVER, IT SHOWED LOSS.

 

REAL ESTATE:

 

   OWNED PREMISES ARE VALUED AT R$ 2.245.000,00

 

VEHICLES:

 

   OWNED VEHICLES ARE VALUED AT R$ 49.900,00

 

MACHINES:

 

   NOT AVAILABLE

 

 

INSURANCE

 

INSURANCE COMPANY:

AGF SEGUROS

VALUE:

R$ 4.819.333,00

 

 

INSURANCE COMPANY:

SUNDRY COMPANIES

VALUE:

R$ 2.509.900,00

 

 

BANKING REFERENCES

 

 

BRANCH/PHONE:

CITY:

BANCO DO BRASIL S/A

4072-X / 49 3563-1988

CAÇADOR/SC

BANCO BRADESCO S/A

3996-0

SÃO PAULO/SP

 

REMARKS: IN BRAZIL THE BANKS ARE PROHIBITED BY LAW TO PROVIDE INFORMATION OR ANY KIND OF COMMENTS ABOUT THEIR CLIENTS. DUE TO THIS LAW PROHIBITION WE ARE UNABLE TO PROVIDE ANY BANKING DETAILS.

 

ACCORDING TO THE CENTRAL BANK OF BRAZIL OFFICIAL REPORT, THE COMPANY HAS NO RETURNED CHECKS UP TO DATE. (IN THE TERMS OF "CIRCULAR 1682 BRAZILIAN CENTRAL BANK"). DATE RESEARCHED

 

 

ACTIVITIES COMMENTS

 

 

SUBJECT IS ENGAGED IN THE MANUFACTURING OF PHARMACEUTICAL PRODUCTS.

 

 

IMPORT AND EXPORT:

 

IMPORTS FROM:

 

NOT AVAILABLE.

 

EXPORTS TO:

 

NOT AVAILABLE.

 

MAIN CLIENTS:

 

 

 

 

 

DOMESTIC CLIENTS:

CITY:

PHONE:

COMERCIAL LASA LTDA

ESTRELA/RS

51 3720-1111

DISPROFARMA LTDA

GUAJARÁ MIRIM/RO

69 3416-9701

GOIASFARMA LTDA

PALMAS/TO

63 3213-1582

MULTIMED DISTRIB MEDICAMENTOS LTDA

BLUMENAU/SC

47 3323-1818

SB COMERCIO LTDA

RIO BRANCO/AC

68 3546-3729

 

STAFF:

 

THE COMPANY HAS: 68 EMPLOYEE(S)

 

 

CONCEPT AND FULFILMENT

 

THE SUBJECT WAS ESTABLISHED IN 1981. IT HAS A TRADE HISTORY BLEMISHED BY SEVERAL PROTESTS AND EVEN A JUDICIAL RECOVERY IS ADJUDGED, SHOWING THAT AT THAT TIME THE COMPANY FAILED TO ACCOMPLISH ITS COMMITMENTS WITH SEVERAL CREDITORS / SUPPLIERS.

 

MAIN SUPPLIERS:

 

 

 

 

 

DOMESTIC SUPPLIERS:

CITY:

PHONE:

CLOSURE SYSTEMS INTERNATIONAL

SÃO PAULO/SP

55 4195-3727

GRÁFICA E EDITORA VISOGRAF LTDA

CONCÓRDIA/SC

49 3442-0514

VEDAT TAMPAS HERMETICAS LTDA

EMBÚ/SP

51 3217-1177

 

 

 

PAYMENT HISTORY:

 

3 SUPPLIERS REPORTED PAYMENTS:

   TOTAL AMOUNT:  R$ 11.102,00

 

AMOUNT OF INVOICES PAID: 9

TOTAL OF PROMPT PAYMENTS: 100%

HIGHEST INVOICE: R$ 3.554,00

HIGHEST CREDIT: R$ 3.554,00

 

 

FINAL OPINION

 

BASED ON THE GENERAL INFORMATION AVAILABLE IT IS RECOMMENDED DEALING UNDER FULLY SECURED TERMS ONLY.

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.38

UK Pound

1

Rs.72.56

Euro

1

Rs.63.92

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

--

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.