MIRA
INFORM REPORT
|
Report Date : |
30.08.2011 |
IDENTIFICATION DETAILS
|
Name : |
CIMED INDÚSTRIA DE MEDICAMENTOS LTDA |
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Registered Office : |
Rua Engenheiro Prudente,121 - |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
22.10.1998 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Manufacture and |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1.000.000,00 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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|
A1 |
A1 |
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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
CIMED INDÚSTRIA DE MEDICAMENTOS LTDA
ADDRESSES
|
MAIN
ADDRESS: |
RUA ENGENHEIRO PRUDENTE,121 - |
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ZIP CODE/CITY: |
01550-000 - SÃO PAULO/SP |
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PHONE: |
11 3218-1577 |
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FAX: |
11 3218-1577 |
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E-MAIL: |
executivo.gerencia@grupocimed.com.br |
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WEB SITE: |
www.cimed.ind.br |
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BRANCHES: |
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ADDRESS: |
AVENIDA ANGÉLICA,2248 - 5º, 6º E 7º ANDARES - CONSOLAÇÃO |
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ZIP CODE/CITY: |
01228-200 SÃO PAULO/SP |
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PHONE: |
11 3544-7200 |
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FAX: |
11 3544-7242 |
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CNPJ: |
02.814.497/0003-79 |
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ADDRESS: |
RUA CORONEL ARMANDO RUBENS STORINO,2750 - UNIDADE
INDUSTRIAL I - BAIRRO DO ALGODÃO |
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ZIP CODE/CITY: |
37550-000 POUSO ALEGRE/MG |
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PHONE: |
35 2102-2000 |
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ADDRESS: |
RUA GONZALES PECOTCHE,284 - ARISTOCRATA |
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ZIP CODE/CITY: |
83030-200 SÃO JOSÉ DOS PINHAIS/PR |
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CNPJ: |
02.814.497/0004-50 |
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ADDRESS: |
RODOVIA SC 401 - KM 5 - Nº.,4756 - |
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ZIP CODE/CITY: |
88032-005 FLORIANÓPOLIS/SC |
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CNPJ: |
02.814.497/0005-30 |
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ADDRESS: |
AVENIDA MARGINAL PROJETADA,1652 GALPÃO 08 - JARDIM MUTINGA
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ZIP CODE/CITY: |
06463-400 BARUERI/SP |
LEGAL DATa
MAIN ACTIVITIES:
MANUFACTURE AND
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LEGAL FORM: |
LIMITED LIABILITY COMPANY |
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INCORPORATION DATE: |
22/10/1998 |
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REGISTER DATE: |
22/10/1998 |
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BALANCE SHEET FILING DATE: |
31/12 |
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TAX CONTRIBUTOR NUMBER(CNPJ): |
02.814.497/0001-07 |
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STATE REGISTER: |
115.980.771.110 |
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SHARE CAPITAL: |
R$ 34.038.000,00 |
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LAST REGISTER OF CAPITAL: |
30/05/2008 |
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BOARD
OF DIRECTORS: |
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JOÃO DE CASTRO MARQUES |
MANAGING PARTNER |
|
JOÃO ADIBE ZACHARIAS MARQUES |
MANAGING PARTNER |
|
KARLA MARQUES FELMANAS |
MANAGING PARTNER |
|
MARIANA ZACHARIAS MARQUES BARBOSA |
MANAGING PARTNER |
AUTHORIZED USE OF
SIGNATURE
THE MANAGING PARTNERS ARE AUTHORIZED TO SIGN ON BEHALF OF
THE COMPANY.
|
SHAREHOLDERS
/ PARTNERS: |
|
|
|
|
|
JOÃO DE CASTRO MARQUES |
R$ 19.888.403,00 |
|
JOÃO ADIBE ZACHARIAS MARQUES |
R$ 9.050.704,00 |
|
KARLA MARQUES FELMANAS |
R$ 4.081.157,00 |
|
MARIANA ZACHARIAS MARQUES BARBOSA |
R$ 1.017.736,00 |
|
AFFILIATES
/ SUBSIDIARIES: |
|
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|
|
|
NECKERMAN INDÚSTRIA FARMACÊUTICA LTDA |
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ADIBE & CASTRO LTDA |
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INSTITUTO CLAUDIA MARQUES DE PESQUISA E DESENVOLVIMENTO
LTDA |
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DISPROFAR COMÉRCIO LTDA |
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DISTRIBUIDORA DE MEDICAMENTOS CASTRO & MARQUES LTDA |
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ABRANGE MERCANTIL FARMACÊUTICA LTDA |
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NUTRACOM INDUSTRIA E COMERCIO LTDA |
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KMG DISTRIBUIDORA FARMACÊUTICA LTDA |
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KMG FARMA LTDA |
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PREDILETA DISTRIBUIDORA MEDICAMENTOS LTDA (PB) |
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PREDILETA DISTRIBUIDORA MEDICAMENTOS LTDA (RN) |
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PREDILETA GOIÁS DISTRIBUIDORA DE MEDICAMENTOS LTDA |
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PREDILETA MARANHÃO DISTRIBUIDORA DE MEDICAMENTOS LTDA |
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PREDILETA PARÁ DISTRIBUIDORA DE MEDICAMENTOS LTDA |
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PREDILETA |
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PREDILETA |
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SIFARMA SIMILARES FARMACÊUTICOS LTDA |
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COMPANY'S BACKGROUND
THE SUBJECT WAS ESTABLISHED ON OCTOBER 22, 1998 AS CIMED
INDÚSTRIA DE MEDICAMENTOS S/A TO BE ENGAGED IN THE SAID LINE OF BUSINESS. LATER
IT ADOPTED THE ABOVE MENTIONED NAME.
TRADE NAME: "CIMED".
PARTNERS:
JOÃO DE CASTRO MARQUES: BRAZILIAN, MARRIED, HOLDER OF
DOCUMENTS RG 3718471 SP, CPF 232.877.308-780, RESIDENTIAL ADDRESS AT RUA
ENGENHEIRO EDGARD EGIDIO DE SOUSA 303, APTO 31, PACAEMBU, ZIP CODE 01233-020,
SÃO PAULO/SP;
JOÃO ADIBE ZACHARIAS MARQUES: BRAZILIAN, MARRIED, HOLDER OF
DOCUMENTS RG 14600581 SP, CPF 129.633.008-75, RESIDENTIAL ADDRESS AT RODOVIA
HAROLDO SOARES GLAVAN 4450, CASA 05, CACUPE, ZIP CODE 88050-005,
FLORIANOPOLIS/SC;
KARLA MARQUES FELMANAS: BRAZILIAN, DIVORCED, HOLDER OF
DOCUMENTS RG 14.600.582-X SP, CPF 128.260.488-05, RESIDENTIAL ADDRESS AT RUA
MELO MORAIS FILHO 169, JARDIM GUEDALA, ZIP CODE 05610-040, SÃO PAULO/SP;
MARIANA ZACHARIAS MARQUES BARBOSA: BRAZILIAN, MARRIED,
HOLDER OF DOCUMENTS RG 18.190-178-X SP, CPF 166.310.298-80, RESIDENTIAL ADDRESS
AT RUA DR. SERAFICO DE ASSIS CARVALHO 103, APTO 74, JARDIM LEONOR, ZIP CODE
05614-040, SÃO PAULO/SP;
FURTHER DETAILS ABOUT THE SUBJECT'S HISTORY ARE SO FAR NOT
KNOWN.
PUBLIC
RECORDS INFORMATION:
PROTESTS:
1 PROTEST,TOTAL
AMOUNT R$ 700,01
DETAILS
OF LATEST PROTESTS:
|
NOTARY OFFICE: |
DATE: |
VALUE: |
|
2º CARTÓRIO DE SC-FLORIANÓPOLIS |
05/2011 |
R$ 3.700,01 |
|
LAWSUITS: |
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|
|
|
DATE: |
COURT OF LAW: |
|
2 |
FEDERAL LAWSUITS |
28/09/06 |
3ª VARA DE SP-FEDERAL |
|
1 |
STATE LAWSUIT |
01/02/10 |
4ª VARA DE MG-POUSO ALEGRE |
FINANCIAL INFORMATION
GENERAL
BALANCE SHEETS AS OF 31/12/2010, 31/12/2009 AND 31/12/2008.
(
FIGURES ARE IN REAIS ).
|
ASSETS
|
|
|
|
|
CURRENT: |
31/12/2010 |
31/12/2009 |
31/12/2008 |
|
|
|
|
|
|
CASH AND CASH EQUIVALENTS |
1.193.225,43 |
1.271.837,17 |
988.895,13 |
|
CLIENTS |
65.694.627,78 |
46.681.363,85 |
48.861.115,27 |
|
INVENTORY |
12.725.886,72 |
20.818.200,10 |
24.908.880,06 |
|
RECOVERABLE TAXES |
1.182.370,67 |
917.284,14 |
236.270,94 |
|
PRE PAID EXPENSES |
216.099,35 |
157.517,07 |
140.856,35 |
|
OTHER CREDITS |
1.919.626,77 |
1.303.720,02 |
1.814.785,23 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT ASSETS |
82.931.836,72 |
71.149.922,35 |
76.950.802,98 |
|
LONG-TERM
RECEIVABLES: |
|
|
|
|
|
|
|
|
|
CREDITS |
369.392,74 |
221.901,25 |
178.913,94 |
|
RECOVERABLE TAXES |
39.469,69 |
141.980,86 |
217.068,40 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG-TERM RECEIVABLES |
408.862,43 |
363.882,11 |
395.982,34 |
|
FIXED
ASSETS: |
|
|
|
|
|
|
|
|
|
INVESTMENTS |
13.497.737,14 |
11.548.186,91 |
11.514.632,24 |
|
FIXED ASSETS |
42.724.851,45 |
19.519.213,22 |
13.447.143,45 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL FIXED ASSETS |
56.222.588,59 |
31.067.400,13 |
24.961.775,69 |
|
|
================ |
================ |
================ |
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TOTAL ASSETS |
139.563.287,74 |
102.581.204,59 |
102.308.561,01 |
|
LIABILITIES: |
|
|
|
|
CURRENT:
|
31/12/2010 |
31/12/2009 |
31/12/2008 |
|
|
|
|
|
|
SUPPLIERS |
6.062.990,33 |
3.177.025,48 |
5.270.039,92 |
|
FOREIGN SUPPLIERS |
3.223.837,35 |
1.256.005,16 |
9.328.957,14 |
|
BANKING DEBTS |
35.281.343,68 |
18.877.357,16 |
28.888.233,15 |
|
TAXES & CONTRIBUTIONS |
3.006.163,88 |
2.708.875,31 |
1.884.635,40 |
|
SALARIES PAYABLE |
4.324.416,65 |
3.306.389,28 |
3.834.739,23 |
|
INTERCOMPANY DEBTS |
5.094.997,22 |
1.198.706,09 |
12.653.918,01 |
|
COMMISSIONS DUE |
765.310,18 |
684.337,41 |
|
|
OTHER DEBTS |
2.294.650,00 |
450.000,00 |
1.355.831,51 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT LIABILITIES |
60.053.709,29 |
31.658.695,89 |
63.216.354,36 |
|
LONG
TERM LIABILITIES: |
|
|
|
|
|
|
|
|
|
LOANS AND FINANCING |
18.266.112,31 |
7.204.408,85 |
6.954.017,66 |
|
TAXES AND CONTRIBUTIONS |
1.538.430,76 |
1.510.461,45 |
1.744.921,24 |
|
DEBT WITH PARTNERS |
9.164.587,08 |
14.371.404,27 |
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG TERM LIABILITIES |
28.969.130,15 |
23.086.274,57 |
8.698.938,90 |
|
NET EQUITY: |
|
|
|
|
|
|
|
|
|
SHARE CAPITAL |
34.038.000,00 |
34.038.000,00 |
24.620.000,00 |
|
ACCRUED PROFIT (LOSS) |
|
11.967.608,33 |
9.402.932,54 |
|
PROFIT SHARING |
-367.714,93 |
-2.650.975,24 |
-2.505.519,95 |
|
PROFIT (LOSS) OF PERIOD |
|
4.481.601,04 |
-1.124.144,84 |
|
PROFIT RESERVES |
16.870.163,23 |
|
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL NET EQUITY |
50.540.448,30 |
47.836.234,13 |
30.393.267,75 |
|
|
================ |
================ |
================ |
|
TOTAL LIABILITIES |
139.563.287,74 |
102.581.204,59 |
102.308.561,01 |
PROFIT
AND LOSS ACCOUNTS AS OF 31/12/2010, 31/12/2009 AND 31/12/2008.
(
FIGURES ARE IN REAIS ).
|
|
31/12/2010 |
31/12/2009 |
31/12/2008 |
|
|
|
|
|
|
GROSS SALES |
219.971.792,86 |
182.899.773,33 |
175.405.890,34 |
|
(-) TAXES ON SALES |
48.322.343,43 |
42.480.914,34 |
36.056.489,71 |
|
|
---------------- |
---------------- |
---------------- |
|
NET SALES |
171.649.449,43 |
140.418.858,99 |
139.349.400,63 |
|
(-) COST OF SOLD GOODS |
94.224.504,03 |
66.578.326,04 |
75.301.063,48 |
|
|
---------------- |
---------------- |
---------------- |
|
GROSS PROFIT |
77.424.945,40 |
73.840.532,95 |
64.048.337,15 |
|
OPERATING REVENUE (EXPENSE) |
-62.161.209,86 |
-60.919.786,08 |
-57.695.716,63 |
|
FINANCIAL REVENUE(EXPENSE) |
-13.070.604,80 |
-8.425.680,44 |
-6.978.429,96 |
|
|
---------------- |
---------------- |
---------------- |
|
OPERATIONAL PROFIT (LOSS) |
2.193.130,74 |
4.495.066,43 |
-625.809,44 |
|
NON-OPERATING RESULT |
878.798,36 |
-13.465,39 |
-498.335,40 |
|
|
---------------- |
---------------- |
---------------- |
|
NET PROFIT (LOSS) |
3.071.929,10 |
4.481.601,04 |
-1.124.144,84 |
|
MONTHLY
SALES |
|||
|
|
2011 |
|
|
|
|
--------------------- |
|
|
|
JANUARY |
R$
5.431.546,00 |
|
|
|
FEBRUARY |
R$
8.757.202,00 |
|
|
|
MARCH |
R$
26.889.489,00 |
|
|
|
APRIL |
R$
25.353.803,00 |
|
|
|
MAY |
R$
26.644.211,00 |
|
|
|
JUNE |
|
|
|
|
JULY |
|
|
|
|
AUGUST |
|
|
|
|
SEPTEMBER |
|
|
|
|
OCTOBER |
|
|
|
|
NOVEMBER |
|
|
|
|
DECEMBER |
|
|
|
|
TOTAL |
R$
93.076.251,00 |
|
|
|
RATIOS: |
31/12/2010 |
31/12/2009 |
31/12/2008 |
|
QUICK RATIO |
1,17 |
|
1,59 |
|
,82 |
|
|
CURRENT RATIO |
1,38 |
|
2,25 |
|
1,22 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
2,61 |
TIMES |
3,01 |
TIMES |
2,85 |
TIMES |
|
DAYS' SALES IN RECEIVABLES |
137,78 |
DAYS |
119,68 |
DAYS |
126,23 |
DAYS |
|
INVENTORY TURNOVER |
7,40 |
TIMES |
3,20 |
TIMES |
3,02 |
TIMES |
|
ACCOUNTS PAYABLE PERIOD |
23,16 |
DAYS |
17,18 |
DAYS |
25,20 |
DAYS |
|
RETURN ON ASSETS |
1,23 |
TIMES |
1,37 |
TIMES |
1,36 |
TIMES |
|
SALES TURNOVER ON NET EQUITY |
3,40 |
TIMES |
2,94 |
TIMES |
4,58 |
TIMES |
|
NET WORTH TIE-UP |
,85 |
|
,41 |
|
,44 |
|
|
INDEBTEDNESS |
1,76 |
|
1,14 |
|
2,37 |
|
|
EQUITY RATIO |
36,21 |
% |
46,63 |
% |
29,71 |
% |
|
WORKING CAPITAL RATIO |
38,10 |
% |
124,74 |
% |
21,73 |
% |
|
GENERAL SOLVENCY |
1,57 |
|
1,87 |
|
1,42 |
|
|
RETURN ON NET EQUITY |
6,08 |
% |
9,37 |
% |
-3,70 |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
1,79 |
% |
3,19 |
% |
-,81 |
% |
|
GROSS PROFIT MARGIN |
45,11 |
% |
52,59 |
% |
45,96 |
% |
|
OPERATIONAL RESULT |
1,28 |
% |
3,20 |
% |
-,45 |
% |
|
SALES TURNOVER ON LIABILITIES |
2,86 |
TIMES |
4,44 |
TIMES |
2,20 |
TIMES |
|
FOREIGN CURRENCY ON ASSETS |
|
|
|
|
|
|
|
FOREIGN CURRENCY ON LIABILITIES |
|
|
|
|
|
|
|
EXCHANGE RATE: |
|
|
US$ 1,00 = R$ 1,61 |
- OFFICIAL RATE ON
26/08/2011 |
|
US$ 1,00 = R$ 1,66 |
- OFFICIAL RATE ON
31/12/2010 |
|
US$ 1,00 = R$ 1,74 |
- OFFICIAL RATE ON
31/12/2009 |
|
US$ 1,00 = R$ 2,33 |
- OFFICIAL RATE ON
31/12/2008 |
|
COMMENTS ON THE
FINANCIAL INFORMATION |
|
FOLLOWS ATTACHED WORKSHEET WITH MAIN FINANCIAL RATIOS. THE FIGURES AVAILABLE SHOW A SATISFACTORY FINANCIAL
STANDING. THE LEVEL OF INDEBTEDNESS IS HIGH AND MAINLY IS COMPRISED BY
FINANCIAL DEBTS. DESPITE THIS IT HAS GOOD LIQUIDITY RATIOS AND WORKING
CAPITAL, CONSIDERED SUFFICIENT TO COVER THE SHORT-TERM LIABILITIES. IT SHOWS
HIGH AND GROWING SALES AND MADE PROFIT. |
REAL
ESTATE:
THE PARTNERS OWN REAL ESTATE VALUED AT R$ 2.399.175,00
VEHICLES:
NOT AVAILABLE
MACHINES:
NOT AVAILABLE
INSURANCE
NOT AVAILABLE.
BANKING REFERENCES
|
|
BRANCH/PHONE: |
|
|
BANCO DO BRASIL S/A |
3322 / 11 2065-4055 |
|
|
BANCO BRADESCO S/A |
0138 / 11 2178-4280 |
|
|
BANCO ITAÚ S/A |
0676 / 11 3708-2687 |
|
REMARKS: IN
ACCORDING TO THE CENTRAL BANK OF
ACTIVITIES COMMENTS
SUBJECT IS ENGAGED IN THE MANUFACTURE AND
IMPORT
AND EXPORT:
IMPORTS
FROM:
UNITED
EXPORTS TO:
NOT AVAILABLE.
|
MAIN CLIENTS: |
|
|
|
|
|
|
|
DOMESTIC CLIENTS: |
|
|
|
DEMAC PRODUTOS FARMACÊUTICOS LTDA |
|
|
|
DROG MAIS ECONÔMICA LTDA |
|
|
|
EMPREENDIMENTOS PAGUE MENOS |
|
|
|
STAFF: |
|
|
|
THE COMPANY HAS: 1315 EMPLOYEE(S) |
CONCEPT AND FULFILMENT
THE SUBJECT IS A WELL-ESTABLISHED COMPANY OPERATING SINCE
1998. SO FAR IT HAS A CLEAR TRADE HISTORY AND GOOD PAYMENT BEHAVIOUR.
THE COMPANY HAS TRADE RELATIONS WITH SEVERAL SUPPLIERS IN
THE LAWSUITS REPORTED ARE NOT RELATED WITH TRADE DEBTS. THEY
ARE RELATED TO TAX DEBTS THAT FOR ANY REASON THE COMPANY HAS NOT YET PAID.
NEVERTHELESS WE POINT OUT THAT THE SAID LAWSUITS DO NOT AFFECT THE COMPANY'S
TRADE REPUTATION.
THE PROTEST FOUND IS CONSIDERED IRRELEVANT.
|
MAIN
SUPPLIERS: |
|
|
|
|
|
|
|
DOMESTIC SUPPLIERS: |
|
|
|
ART PACK EMBALAGENS LTDA |
|
|
|
BRASÍLIA MÁQUINAS E FERRAMENTAS LTDA |
|
11
6097-8500 |
|
C A S IMP. EXP. LTDA |
|
11
5677-9696 |
|
DAMATEC CORREIAS INDUSTRIAIS LTDA |
|
11
6421-7752 |
|
IMPACTA S/A. INDÚSTRIA E COMÉRCIO |
|
|
|
INDURKERN DO BRASIL QUÍMICA LTDA |
|
11
3689-7676 |
|
M CASSAB COMÉRCIO E INDÚSTRIA LTDA |
|
11
5522-7788 |
|
ORBIS INDUSTRIAL |
|
|
|
OWENS |
|
|
|
RINEPLAST PLASTICOS |
|
|
|
SHELLMAR EMBALAGEM MODER LTDA |
|
11
4128-5200 |
|
SOUFER INDUSTRIAL LTDA |
|
19
3634-3600 |
|
VALDEQUÍMICA PRODUTOS QUÍMICOS LTDA |
|
11
3721-6407 |
|
PAYMENT
HISTORY: |
|
17 SUPPLIERS REPORTED PAYMENTS: |
|
TOTAL
AMOUNT: R$ 1.200.401,00 |
|
|
|
AMOUNT OF INVOICES PAID: 392 |
|
TOTAL OF PROMPT PAYMENTS: 98,6% |
|
TOTAL OF DELAYED PAYMENTS: 1,4% |
|
|
|
HIGHEST INVOICE: R$ 41.585,00 |
|
HIGHEST CREDIT: R$ 41.585,00 |
FINAL OPINION
THE SUBJECT HAS BEEN IN BUSINESS SINCE 1998. UP TO DATE IT
HAS A CLEAR TRADE HISTORY AND GOOD PAYMENT BEHAVIOUR.
BASED ON THE GENERAL INFORMATION AVAILABLE ITS 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 USD 1.000.000,00 MAY BE CONSIDERED.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.87 |
|
|
1 |
Rs.75.14 |
|
Euro |
1 |
Rs.66.67 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.