MIRA INFORM REPORT

 

 

Report Date :           

09.12.2011

 

IDENTIFICATION DETAILS

 

Name :

SELECTCHEMIE IMPORTAÇÃO EXPORTAÇÃO E REPRESENTAÇÕES LTDA

 

 

Registered Office :

Rua Professor Aprígio Gonzaga, 675 - Vila São Pedro, Zip Code 04.303-001 - São Paulo/Sp

 

 

Country :

Brazil

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

02.01.1970

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Wholesale and Distribution of Pharmaceutical Raw Material

 

 

No. of Employees :

39 Persons

 

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 :

US$ 1.000.000,00

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

No Complaints

 

 

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 – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

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

 

SELECTCHEMIE IMPORTAÇÃO EXPORTAÇÃO E REPRESENTAÇÕES LTDA

 

 

company ADDRESSES

 

MAIN ADDRESS:

RUA PROFESSOR APRÍGIO GONZAGA, 675 - VILA SÃO PEDRO

ZIP CODE/CITY:

04.303-001 - SÃO PAULO/SP

 

 

PHONE:

11 5591-2300

FAX:

11 5581-9780

E-MAIL:

eliana_comunale@selectchemie.com.br

WEB SITE:

www.selectchemie.com.br

 

BRANCHES:

 

NO BRANCH FACILITIES ARE MAINTAINED.

 

LEGAL DATA

 

MAIN ACTIVITIES:

 

WHOLESALE AND DISTRIBUTION OF PHARMACEUTICAL RAW MATERIAL.

 

LEGAL FORM:

LIMITED LIABILITY COMPANY

 

 

INCORPORATION DATE:

02/01/1970

REGISTER DATE:

02/01/1970

BALANCE SHEET FILING DATE:

31/12

TAX CONTRIBUTOR NUMBER(CNPJ):

62.651.955/0001-66

STATE REGISTER:

108.377.442.118

 

 

SHARE CAPITAL:

R$ 2.000.000,00

 

BOARD OF DIRECTORS:

 

 

 

WALTER THURING

DIRECTOR

CHRISTIAN SAGESSER

DIRECTOR

 

 

AUTHORIZED USE OF SIGNATURE

 

THE DIRECTORS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY.

 

SHAREHOLDERS / PARTNERS:

 

 

 

SELECTCHEMIE AG (SWITZERLAND)

34,00%

WALTER THURING (BRAZILIAN)

33,50%

CHRISTIAN SAGESSER (BRAZILIAN)

32,50%

 

AFFILIATES / SUBSIDIARIES:

 

 

 

ETTINGEN CONSULTORES ASSOCIADOS S/C LTDA

 

 

 

COMPANY'S BACKGROUND

 

THE SUBJECT IS AN OLD ESTABLISHED COMPANY ENGAGED IN THE SAID LINE OF BUSINESS SINCE ITS INCORPORATION. UP TO DATE IT OPERATES WITHIN THE GENERAL SCENE REPORTED HEREIN.

 

PARTNERS:

 

SELECTCHEMIE AG IS A COMPANY LEGALLY ESTABLISHED IN ETZELSTRASSE, 42, SWITZERLAND, REPRESENTED BY ITS ATTORNEY MR. LUIS ROBERTO BUELONI SANTOS FERREIRA, BRAZILIAN, MARRIED, HOLDER OF DOCUMENTS OAB/SP 107.960 AND CPF 090.147.008-22, WHOSE OFFICE IS LOCATED AT RUA ALEXANDRE DUMAS, 1901 BLOCO B - 7O ANDAR SÃO PAULO - SP.

 

CHRISTIAN SAGESSER: BRAZILIAN, MARRIED, GRADUATED FROM LAW, RESIDENTIAL ADDRESS AT AV. CHIBARÁS, 880 APTº. 141, SÃO PAULO/SP, HOLDER OF DOCUMENTS RG Nº. 8.340.442 AND CPF 028.273.678-66

 

WALTER THURING: BRAZILIAN, MARRIED, TRADER, RESIDENTIAL ADDRESS AT RUA JOAQUIM JOSÉ ESTEVES 60, APTº. 12 EM SÃO PAULO/SP, HOLDER O DOCUMENTS RG Nº. 3.165.520 SSP/SP AND CPF 018.874.408-87;

 

FURTHER DETAILS ABOUT THE SUBJECT'S HISTORY ARE SO FAR NOT KNOWN.

 

PUBLIC INFORMATION:

 

NO DETRIMENTAL FILES WERE FOUND.

 

 

FINANCIAL INFORMATION

 

GENERAL BALANCE SHEETS AS OF 31/12/2010 AND 31/12/2009.

( FIGURES ARE IN REAIS ).

 

ASSETS

 

 

 

CURRENT:

31/12/2010

31/12/2009

 

 

 

 

 

CASH AND BANKS

8.077.871,91

8.718.839,36

 

CLIENTS

1.621.351,70

1.836.605,18

 

INVENTORY

5.661.847,56

3.899.016,74

 

ADVANCE TO SUPPLIERS

35.620,00

52.480,00

 

ADVANCE TO EMPLOYEES

37.289,71

50.989,71

 

RECOVERABLE TAXES

528.358,35

168.561,28

 

PRE PAID EXPENSES

31.167,52

21.369,01

 

IMPORTS IN PROGRESS

76.225,98

42.535,85

 

OTHER CREDITS

 

143,64

 

 

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

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

 

TOTAL CURRENT ASSETS

16.069.732,73

14.790.540,77

 

 

FIXED ASSETS:

 

 

 

 

 

 

 

FIXED ASSETS

2.361.603,64

779.491,72

 

DEFERRED

81.480,80

93.130,42

 

DEPRECIATIONS

-1.401.443,97

 

 

OTHER

-76.770,39

 

 

 

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

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

 

TOTAL FIXED ASSETS

964.870,08

872.622,14

 

 

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

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

 

TOTAL ASSETS

17.034.602,81

15.663.162,91

 

 

LIABILITIES:

 

 

 

CURRENT:

31/12/2010

31/12/2009

 

 

 

 

 

SUPPLIERS

4.414.236,76

3.419.039,26

 

LABOR OBLIGATIONS

137.531,65

252.453,13

 

TAXES & CONTRIBUTIONS

163.395,73

262.641,62

 

PROVISIONS

484.584,33

447.508,89

 

OTHER

219.277,52

141.460,14

 

 

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

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

 

TOTAL CURRENT LIABILITIES

5.419.025,99

4.523.103,04

 

 

NET EQUITY:

 

 

 

 

 

 

 

SHARE CAPITAL

2.000.000,00

2.000.000,00

 

ACCRUED PROFIT (LOSS)

8.247.059,87

6.596.603,71

 

PROFIT (LOSS) OF PERIOD

1.368.516,95

2.543.456,16

 

 

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

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

 

TOTAL NET EQUITY

11.615.576,82

11.140.059,87

 

 

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

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

 

TOTAL LIABILITIES

17.034.602,81

15.663.162,91

 

 

PROFIT AND LOSS ACCOUNTS AS OF 31/12/2010 AND 31/12/2009.

( FIGURES ARE IN REAIS ).

 

 

31/12/2010

31/12/2009

 

 

 

 

 

GROSS SALES

38.620.373,91

41.421.238,83

 

(-) TAXES ON SALES

7.132.170,76

7.732.065,75

 

 

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

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

 

NET SALES

31.488.203,15

33.689.173,08

 

(-) COST OF SOLD GOODS

21.544.653,99

23.199.782,97

 

 

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

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

 

GROSS PROFIT

9.943.549,16

10.489.390,11

 

OPERATING REVENUE (EXPENSE)

-8.931.499,36

-8.416.125,46

 

FINANCIAL REVENUE(EXPENSE)

995.490,32

1.666.867,84

 

 

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

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

 

OPERATIONAL PROFIT (LOSS)

2.007.540,12

3.740.132,49

 

NON-OPERATING RESULT

78.665,77

99.385,68

 

CONTRIBUTION/INCOME TAX

-717.688,94

-1.296.062,01

 

 

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

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

 

NET PROFIT (LOSS)

1.368.516,95

2.543.456,16

 

 

MONTHLY SALES

 

  2011

  2010

  2009

 

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

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

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

JANUARY

R$ 3.450.256,62

R$ 3.002.216,60

R$ 3.966.464,74

FEBRUARY

R$ 3.383.082,15

R$ 2.752.970,75

R$ 2.671.888,65

MARCH

R$ 3.156.696,91

R$ 3.761.929,79

R$ 3.976.464,71

APRIL

R$ 3.247.172,47

R$ 3.286.689,76

R$ 3.902.985,15

MAY

R$ 3.786.645,98

R$ 3.814.312,50

R$ 3.823.226,17

JUNE

R$ 2.927.355,88

R$ 3.530.616,15

R$ 3.392.805,93

JULY

R$ 2.999.073,93

R$ 3.009.595,67

R$ 3.487.918,83

AUGUST

R$ 3.856.345,76

R$ 3.909.949,26

R$ 3.246.617,38

SEPTEMBER

R$ 3.423.895,92

R$ 3.083.064,94

R$ 4.296.164,25

OCTOBER

R$ 3.678.013,82

R$ 3.155.738,67

R$ 3.677.224,61

NOVEMBER

R$ 3.825.072,29

R$ 3.443.422,62

R$ 2.869.585,05

DECEMBER

 

R$ 1.869.867,20

R$ 2.109.893,36

TOTAL

R$ 37.733.611,73

R$ 38.620.373,91

R$ 41.421.238,83

 

RATIOS:

31/12/2010

31/12/2009

 

 

QUICK RATIO

1,92

 

2,41

 

 

 

CURRENT RATIO

2,97

 

3,27

 

 

 

ACCOUNTS RECEIVABLE TURNOVER

19,42

TIMES

18,34

TIMES

 

 

DAYS' SALES IN RECEIVABLES

18,54

DAYS

19,63

DAYS

 

 

INVENTORY TURNOVER

3,81

TIMES

5,95

TIMES

 

 

ACCOUNTS PAYABLE PERIOD

73,76

DAYS

53,05

DAYS

 

 

RETURN ON ASSETS

1,85

TIMES

2,15

TIMES

 

 

SALES TURNOVER ON NET EQUITY

2,71

TIMES

3,02

TIMES

 

 

NET WORTH TIE-UP

,20

 

,07

 

 

 

INDEBTEDNESS

,47

 

,41

 

 

 

EQUITY RATIO

68,19

%

71,12

%

 

 

WORKING CAPITAL RATIO

196,54

%

227,00

%

 

 

GENERAL SOLVENCY

3,14

 

3,46

 

 

 

RETURN ON NET EQUITY

11,78

%

22,83

%

 

 

RETURN ON SALES (PROFIT MARGIN)

4,35

%

7,55

%

 

 

GROSS PROFIT MARGIN

31,58

%

31,14

%

 

 

OPERATIONAL RESULT

6,38

%

11,10

%

 

 

SALES TURNOVER ON LIABILITIES

5,81

TIMES

7,45

TIMES

 

 

FOREIGN CURRENCY ON ASSETS

 

 

 

 

 

 

FOREIGN CURRENCY ON LIABILITIES

 

 

 

 

 

 

 

EXCHANGE RATE:

 

 

US$ 1,00 = R$ 1,72

 - OFFICIAL RATE ON 29/11/2010

US$ 1,00 = R$ 1,74

 - OFFICIAL RATE ON 31/12/2009

US$ 1,00 = R$ 2,33

 - OFFICIAL RATE ON 31/12/2008

US$ 1,00 = R$ 1,77

 - OFFICIAL RATE ON 31/12/2007

 

COMMENTS ON THE FINANCIAL INFORMATION:

 

THE ANNUAL FIGURES AVAILABLE SHOWED A GOOD FINANCIAL STANDING. IT SHOWS HIGH LIQUIDITY RATIOS AND POSITIVE WORKING CAPITAL, AS WELL AS LOW LEVEL OF INDEBTEDNESS. IT ALSO SHOWS GROWING SALES AND PROFITABLE RESULTS.

 

 

REAL ESTATE:

OWNED PREMISES ARE VALUED AT R$ 765.610,29

 

DETAIL OF OWNED REAL ESTATE:

 

QUANTITY:

1

TYPE:

BUILDING

VALUE:

R$ 678.000,00

ADDRESS:

RUA PROFESSOR APRIGIO GONZAGA, 675, COM DOIS ANDARES

REMARKS:

US$

 

VEHICLES:

OWNED VEHICLES ARE VALUED AT R$ 571.721,76

 

MACHINES:

OWNED MACHINES AND EQUIPMENTS ARE VALUED AT R$ 86.723,58

 

 

INSURANCE

 

INSURANCE COMPANY:

REAL SEGUROS S/A

COVERAGE:

MULTRISKS

EXPIRATION:

14/03/2011

VALUE:

R$ 5.100.000,00

 

 

INSURANCE COMPANY:

ALLIANZ SEGUROS

COVERAGE:

VEHICLES

EXPIRATION:

22/01/2010

REMARKS:

REFERENCED VALUE

BANKING REFERENCES

 

 

BRANCH/PHONE:

CITY:

UNIÃO DE BANCOS BRASILEIROS S/A

SÃO JUDAS TADEU

SÃO PAULO/SP

BANCO DO BRASIL S/A

IBIRAPUERA

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").

 

 

ACTIVITIES COMMENTS

 

THE SUBJECT IS ENGAGED IN THE WHOLESALE AND DISTRIBUTION OF PHARMACEUTICAL RAW MATERIAL, CHEMICALS, VETERINARY PRODUCTS, AGRICULTURAL PRODUCTS, PARTS AND ACCESSORIES TO BE USED IN THE HANDLING OF SAID PRODUCTS.

 

IMPORT AND EXPORT:

 

IMPORTS FROM:

INDIA, HOLLAND, SWITZERLAND, GERMANY AND CHINA.

 

EXPORTS TO:

COLOMBIA AND ECUADOR.

 

MAIN CLIENTS:

 

 

 

 

 

DOMESTIC CLIENTS:

CITY:

PHONE:

ACHÉ LABORATÓS FARMACÊUTICOS LTDA

GUARULHOS/SP

11 6461-6100

BAYER S/A

SÃO PAULO/SP

11 5694-5401

CRISTÁLIA PRODS QUIMS E FARMACÊUTICOS LTDA

ITAPIRA/SP

19 3863-9500

EMS S/A

HORTOLANDIA/SP

19 3887-9945

EUROFARMA LABORATÓRIOS LTDA

SÃO PAULO/SP

11 5090-8777

GOLD NUTRITION IND COM LTDA

SÃO BERNARDO CAMPO/SP

11 3049-8976

HEXAL DO BRASIL

CAMBÉ/PR

43 3174-8012

LABORATORIO NEOQUIMICA COM IND LTDA

ANÁPOLIS/GO

62 3310-2477

LABORATÓRIO TEUTO BRASILEIRO S/A

ANÁPOLIS/GT

62 3310-2169

NOVARTIS BIOCIÊNCIAS LTDA

TABOÃO DA SERRA/SP

11 4788-9715

PRODUTOS ROCHE QUIMS E FARMACÊUTICOS S/A

RIO DE JANEIRO/RJ

21 2445-0990

 

FOREIGN CLIENTS:

COUNTRY:

 

BRISTOL MYERS SQUIBB

KM 10 VIA DAULE, GUAYAQUIL, ECUADOR

 

TECNIQUIMICAS S.A.

CALLE 23, COLOMBIA

 

 

STAFF:

 

THE COMPANY HAS: 39 EMPLOYEE(S)

 

 

CONCEPT AND FULFILMENT

 

THE SUBJECT IS AN OLD-ESTABLISHED COMPANY, OPERATING SINCE 1970. SO FAR IT HAS A CLEAR TRADE HISTORY AND NO PAYMENT PROBLEMS ARE NOTED.

 

THE SUBJECT IS NOT LOCALLY KNOWN AS A USER OF CREDIT FACILITIES. ITS MAIN ORDERS ARE PLACED WITH FOREIGN COMPANIES.

 

NEVERTHELESS, AS NO DETRIMENTAL RECORDS ARE SHOWN SUBJECT IS REPORTED TO HAVE A NORMAL PAYMENT BEHAVIOR.

 

MAIN SUPPLIERS:

 

 

 

 

 

DOMESTIC SUPPLIERS:

CITY:

PHONE:

A CASA DA LIMPEZA LTDA

SÃO PAULO/SP

11 3742-0344

CANON DO BRASIL IND E COM LTDA

SÃO PAULO/SP

11 5549-5099

GG SUPRIMENTOS P/INFORMÁTICA LTDA

SÃO PAULO/SP

11 5588-1011

INFORSHOP SUPRIMENTOS LTDA

SÃO PAULO/SP

11 5541-9595

SIXPEL INFORM E MATL. DE ESCRITÓRIO LTDA

SÃO PAULO/SP

11 6165-9100

 

FOREIGN SUPPLIERS:

COUNTRY:

 

DAITO CORPORATION

JAPAN

 

DMV INTERNATIONAL BV

HOLLAND

 

DMV INTERNATIONAL GMBH

GERMANY

 

DSM ANTI INFECTIVES BV

HOLLAND

 

NOETHEAST PHARM. I/E CORP.

CHINA

 

UCB S/A

BELGIUM

 

 

PAYMENT HISTORY:

 

NO PAYMENT RECORD IS REGISTERED.

 

 

FINAL OPINION

 

THE SUBJECT IS AN OLD AND WELL-ESTABLISHED COMPANY IN BUSINESS FOR SEVERAL YEARS. IT HAS GOOD SCALE OF ACTIVITIES, GOOD FINANCIAL STANDING, AS WELL AS A CLEAR TRADE HISTORY A GOOD REPUTATION IN THE LOCAL MARKET.

 

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

Indian Rupees

US Dollar

1

Rs.51.78

UK Pound

1

Rs.81.32

Euro

1

Rs.69.42

 

 

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.