MIRA
INFORM REPORT
|
Report Date : |
20.01.2011 |
IDENTIFICATION DETAILS
|
Name : |
HYPERMARCAS SA |
|
|
|
|
Registered Office : |
Avenida Presidente Juscelino Kubitschek, 1217 - Casa 7 - |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
30.09.2010 |
|
|
|
|
Date of Incorporation : |
26.11.1998 |
|
|
|
|
Legal Form : |
Publicly Held Corporation |
|
|
|
|
Line of Business : |
Developing, Manufacturing and Distributing Pharmaceutical, Beauty and
Personal Care and Home Care Products. |
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$ 5.000.000,00 |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
Slow but Correct |
|
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 – June 30, 2010
|
Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
|
|
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company name
HYPERMARCAS S/A
ADDRESSES
|
MAIN ADDRESS: |
AVENIDA PRESIDENTE JUSCELINO KUBITSCHEK, 1217 - CASA 7 - |
|
ZIP CODE/CITY: |
00965-642 - SÃO PAULO/SP |
|
|
|
|
PHONE: |
11 2482-8200 |
|
FAX: |
11 3627-4200 |
|
WEB SITE: |
www.hypermarcas.com.br |
|
BRANCHES: |
|
|
|
|
|
ADDRESS: |
RUA CASTORINA BITENCOURT ALVES, 349 - QUADRA C 20 - LOTE 01E - BLOCO C
- 1º ANDAR - |
|
ZIP CODE/CITY: |
74810-370 GOIÂNIA/GO |
|
CNPJ: |
02.932.074/0002-72 |
|
|
|
|
ADDRESS: |
V PR-1 - QUADRA 2-A – MÓDULO 4 - DIST. AGROINDUSTRIAL DE ANÁPOLIS |
|
ZIP CODE/CITY: |
75132-020 ANÁPOLIS/GO |
|
CNPJ: |
02.932.074/0032-98 |
|
STATE REGISTER: |
10.206.379-6 |
|
|
|
|
ADDRESS: |
RUA CÉSAR AUGUSTO D’ALÇOQUIO, 4760 - SALSEIROS |
|
ZIP CODE/CITY: |
88311-500 ITAJAÍ/SC |
|
CNPJ: |
02.932.074/0007-87 |
|
|
|
|
ADDRESS: |
RUA LINEU ANTERINO MARIANO, 621 - SALA A - DISTRITO INDUSTRIAL |
|
ZIP CODE/CITY: |
38402-346 UBERLÂNDIA/MG |
|
CNPJ: |
02.932.074/0008-68 |
|
|
|
|
ADDRESS: |
AVENIDA FERNANDO CERQUEIRA CÉSAR |
|
ZIP CODE/CITY: |
06465-090 BARUERI/SP |
|
CNPJ: |
02.932.074/0003-53 |
|
|
|
|
ADDRESS: |
RUA JOSÉ |
|
ZIP CODE/CITY: |
91140-310 PORTO ALEGRE/RS |
|
CNPJ: |
02.932.074/0016-78 |
|
|
|
|
ADDRESS: |
AVENIDA AFONSO PENA, 1515 - CHÁCARA RETIRO |
|
ZIP CODE/CITY: |
74685-020 GOIÂNIA/GO |
|
PHONE: |
62 3326-3900 |
|
CNPJ: |
02.932.074/0014-06 |
|
STATE REGISTER: |
10.312.287-7 |
|
THE COMPANY ALSO HAS OTHER BRANCHES LOCATED IN: |
LEGAL DATA
|
MAIN ACTIVITIES: |
|
DEVELOPING, MANUFACTURING AND DISTRIBUTING PHARMACEUTICAL, BEAUTY AND
PERSONAL CARE AND HOME CARE PRODUCTS. |
|
LEGAL FORM: |
PUBLICLY
HELD CORPORATION |
|
|
|
|
INCORPORATION DATE: |
19/11/1998 |
|
REGISTER DATE: |
26/11/1998 |
|
BALANCE SHEET FILING DATE: |
31/12 |
|
TAX CONTRIBUTOR NUMBER (CNPJ): |
02.932.074/0001-91 |
|
STATE REGISTER: |
148.393.012.119 |
|
|
|
|
SHARE CAPITAL: |
R$
3.321.194.807,34 |
|
LAST REGISTER OF CAPITAL: |
06/09/2010 |
|
BOARD OF
DIRECTORS: |
|
|
|
|
|
NELSON JOSÉ DE MELLO |
PRESIDENT DIRECTOR |
|
CLAUDIO |
SUPERVISING DIRECTOR |
|
CARLOS ROBERTO SCORSI |
OPERATIONS DIRECTOR |
|
MARTIM PRADO MATTOS |
INVESTORS RELATIONS DIRECTOR |
|
ANTONIO CARLOS VANZELOTTI |
DIRECTOR |
|
GABRIELA BUENO GARCIA |
DIRECTOR |
AUTHORIZED USE OF SIGNATURE
|
THE DIRECTORS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
|
SHAREHOLDERS /
PARTNERS: |
|
|
|
|
|
IGARAPAVA PARTICIPAÇÕES |
26,13% |
|
MAIOREM |
17,04% |
|
OTHERS |
56,83% |
|
AFFILIATES /
SUBSIDIARIES: |
|
|
|
|
|
COSMED INDÚSTRIA DE COSMÉTICOS E MEDICAMENTOS |
100,0% |
|
MY AGÊNCIA DE PROPAGANDA LTDA. |
100,0% |
|
VERSOIX PARTICIPAÇÕES LTDA. |
100,0% |
|
LUPER INDÚSTRIA FARMACÊUTICA LTDA. |
100,0% |
|
FACILIT ODONTOLÓGICA E PERFUMARIA LTDA. |
100,0% |
|
SAPEKA INDÚSTRIA E COMÉRCIO DE FRALDAS DESCARTÁVEIS S.A |
100,0% |
COMPANY'S BACKGROUND
|
THE SUBJECT WAS ESTABLISHED ON NOVEMBER 19, 1998 AS PRATIKA INDUSTRIAL
LTDA TO BE ENGAGED IN THE SAID LINE OF BUSINESS. ON FEBRUARY 10, 2003 IT
ALTERED TO ASSOLAN INDUSTRIAL LTDA. LATER IS ALTERED TO ABOVE-MENTIONED NAME AND
UP TO DATE IT IS STILL OPERATING WITHIN THE GENERAL SCENE REPORTED HEREIN. THE PARDELLI FAMILY STARTED AT THE BEGINNING OF 1930 TO IMPORT THE
FIRST STEEL SCRUB SPONGE TO THE FIRST STEEL SCRUB SPONGE WITH THE TRADING STYLE NAME ASSOLAN
APPEARED IN 1958. IN 1996 THE COMPANY PARDELLI WAS TAKEN OVER BY GRUPO
ARISCO, PASSING THROUGH ANOTHER 2 MERGERS UNTIL DECEMBER 2001 WHEN THE
HOLDING COMPANY MONTE CRISTALINA FROM ALVES DE QUEIROZ GROUP TOOKOVER THE
COMPANY. THE MERGER OF THESE 2 COMPANIES CREATED A NEW COMPANY CALLED ASSOLAN
INDUSTRIAL LTDA. IN FEBRUARY 2004, HYPERMARCAS ACQUIRED CASTRO VERDE PARTICIPAÇÕES
LTDA. IN FEBRUARY 2005, HYPERMARCAS ACQUIRED QUIMIVALE INDUSTRIAL LTDA., OR
QUIMIVALE, AND DISTRIBUIDORA CLEAN LTDA., OR DISTRIBUIDORA CLEAN, THEREBY
ENTERING THE POWDER LAUNDRY DETERGENT MARKET. IN MARCH 2006, HYPERMARCAS ACQUIRED THE FOOD BUSINESS DIVISION OF
BESSAN INDÚSTRIA E COMÉRCIO DE ALIMENTOS IN JULY 2006, MONTE CRISTALINA ACQUIRED 50.0% OF THE SHARES OF ÉH
COSMÉTICOS, WHICH OPERATED IN THE HAIR CARE PRODUCT MARKET AND HAS SOLD PRODUCTS
THAT INCLUDE SHAMPOOS, CONDITIONERS AND STYLING CREAMS MARKETED UNDER THE
BRAND NAME ÉH! SINCE 2006. BISA PARTICIPAÇÕES LTDA., A HOLDING COMPANY HELD
BY CRISTIANA ARCANGELI, OWNED THE REMAINING 50.0% OF ÉH COSMÉTICOS. ON MARCH
30, 2007, WE ENTERED INTO AN AGREEMENT WITH MONTE CRISTALINA PURSUANT TO
WHICH WE ACQUIRED MONTE CRISTALINA'S INTEREST IN ÉH COSMÉTICOS. ON JANUARY
30, 2008, HYPERMARCAS ACQUIRED THE REMAINING 50.0% OF THE SHARES OF ÉH
COSMÉTICOS FROM CRISTIANA ARCANGELI. THE TRANSFER OF THE SHARES BECAME
EFFECTIVE ON MARCH 31, 2008.IN MARCH 2007, HYPERMARCAS INDUSTRIAL LTDA., A
COMPANY INCORPORATED IN 2006, WAS MERGED INTO ASSOLAN INDUSTRIAL. AFTER THE
MERGER, ASSOLAN CHANGED ITS CORPORATE NAME TO HYPERMARCAS LTDA.
SUBSEQUENTLY,HYPERMARCAS LTDA. WAS TRANSFORMED INTO A CORPORATION AND CHANGED
ITS NAME TO HYPERMARCAS IN MARCH, 2007, IN ORDER TO CONSOLIDATE ITS MARKET SHARE IN THE
HOUSEHOLD CLEANING SEGMENT, HYPERMARCAS ACQUIRED 90% OF THE CAPITAL STOCK OF
SULQUÍMICA, WHICH OWNED THE BRANDS MAT INSET, BOA NOITE, AND NO INSET, AND
ITS SUBSIDIARY FLUSS INDÚSTRIA E COMÉRCIO LTDA., OR FLUSS, WHICH OWNED THE
BRANDS FLUSS AND SANI FLEUR. HYPERMARCAS ACQUIRED THE REMAINING 10% OF
SULQUÍMICA'S CAPITAL STOCK IN SEPTEMBER 2007. DURING THE FIRST QUARTER OF 2007, HYPERMARCAS ALSO ACQUIRED FINN,
WHICH OWNED THE FINN BRAND OF SUGAR SUBSTITUTES,AND OTHER RELATED ASSETS,
FROM BOEHRINGER INGELHEIM DO BRASIL QUÍMICA AND FARMACÊUTICA LTDA., OR
BOEHRINGER INGELHEIM, ALLOWING THE COMPANY´S EXPANSION INTO ACTIVITIES IN
HEALTH PRODUCTS WITHIN ITS FOOD SEGMENT. ON JUNE 1, 2007, ERCHES PARTICIPAÇÕES LTDA., OR ERCHES, A COMPANY
CONTROLLED BY MAIOREM SOCIEDADANÓNIMA DE CAPITAL VARIABLE, OR MAIOREM,
SUBSCRIBED FOR 46,332,562 OF OUR COMMON SHARES FOR A TOTAL AMOUNT OF APPROXIMATELY
R$482.2 MILLION. IN AN EXTRAORDINARY GENERAL SHAREHOLDERS' MEETING ON JUNE 4,
2007, WHOSE RESOLUTIONS WERE RATIFIED IN AN EXTRAORDINARY GENERAL
SHAREHOLDERS' MEETING ON SEPTEMBER 18, 2007, THE MERGER OF ERCHES INTO
HYPERMARCAS WAS APPROVED, INCREASING ITS CAPITAL STOCK TO R$410.7 MILLION,
REPRESENTED BY 122,857,610 COMMON SHARES, AND CONSEQUENTLY MAKING MAIOREM ONE
OF HYPERMARCAS CONTROLLING SHAREHOLDERS. ON JUNE 1, 2007, WITH THE OBJECTIVE OF ACQUIRING A SIGNIFICANT SHARE
IN THE OTC MEDICATIONS MARKET AND INCREASING ITS MARKET SHARE IN THE
COSMETICS AND PERSONAL CARE AND FOOD PRODUCT SEGMENTS, HYPERMARCAS USED THE
PROCEEDS RAISED FROM THE ERCHES TRANSACTION TO PAY FOR THE CASH PORTION OF
THE DM ACQUISITION PURCHASE PRICE, WHICH OWNED, AMONG OTHER THINGS, THE
APRACUR, ATROVERAN, AVANÇO, BENEGRIP, BIOTÔNICO FONTOURA, CENOURA &
BRONZE, DORIL, ENGOV, EPOCLER, ESTOMAZIL, GELOL, LACTOPURGA, MELHORAL,
MERTHIOLATI, MONANGE, PAIXÃO, RASTRO, TRÊS MARCHAND, AND ZERO CAL BRANDS,
ALONG WITH MY AGÊNCIA DE PROPAGANDA LTDA., DM'S IN-HOUSE MARKETING AND
ADVERTISING AGENCY. ON JUNE 1ST, 2008, THE "ACORDO DE INCORPORAÇÃO DE AÇÕES"
(THE AGREEMENT) AND THE "PROTOCOLO E JUSTIFICAÇÃO DE INCORPORAÇÃO DE
AÇÕES" (THE PROTOCOL), WHICH FORESEEN THE TERMS AND CONDITIONS OF THE
SHARES MERGER CONDITIONS ISSUED BY FARMASA BY HYPERMARCAS. ACCORDING TO THE PROTOCOL, ONCE THE TRANSACTION IS ACCOMPLISHED, THE
CORPORATE CAPITAL OF HYPERMARCAS, IN THE AMOUNT OF R$ 718,731,368.97 SHALL BE
INCREASED TO R$ R$1,592,177,247.57, BY MEANS OF THE ISSUANCE OF 39,720,140
NEW COMMON SHARES, WHICH SHALL BE SUBSCRIBED BY FARMASA'S SHAREHOLDERS. THE
CURRENT SHAREHOLDERS OF FARMASA SHALL BE A PART OF THE CONTROL BLOCK OF
HYPERMARCAS. THE NEW SHARES OF THE CORPORATE CAPITAL OF THE COMPANY, ISSUED
DUE TO THE MERGER OF SHARES, SHALL HAVE THE SAME RIGHTS GRANTED TO THE
EXISTENT SHARES, INCLUDING THE FULL PARTICIPATION IN THE RESULTS REGARDING
THE FISCAL YEAR OF 2008. WITH THE APPROVAL OF THE MERGER OF SHARES, HYPERMARCAS SHALL NOT
MERGE, IN SUCH MOMENT, THE ASSETS, RIGHTS, DUTIES, OBLIGATIONS AND
RESPONSIBILITIES OF FARMASA, WHICH, AS HYPERMARCAS' WHOLLY OWNED SUBSIDIARY,
SHALL KEEP ITS OWN LEGAL ENTITY. THE INFORMED TRANSACTION REAFFIRMS HYPERMARCAS' EXPANSION PROCESS AND
CONSOLIDATES HYPERMARCAS' ACTING IN THE OTC MEDICINE SECTOR (WHICH ARE NOT
SUBJECT TO PRESCRIPTION). PREVIOUS CORPORATE NAME: HYPERMARCAS INDUSTRIAL LTDA. ON DECEMBER 29, 2008 THE COMPANY TOOK OVER CEIL COMÉRCIO E DISTRIBUIDORA
LTDA., CNPJ 63.091.516/0001-09, ÉH COSMÉTICOS S.A., CNPJ 07.810.102/0001-11
AND LABORATÓRIO AMERICANO DE FARMACOTERAPIA S.A. CNPJ 61.150.819/0001-20. IN NOVEMBER 2009, THE COMPANY POM POM PRODUTOS HIGIÊNICOS LTDA. WAS
ACQUIRED FOR THE AMOUNT OF R$ 300 MILLION, RESULTING IN GOODWILL OF
APPROXIMATELY R$ 328 MILLION. POM POM WAS MERGED INTO THE COMPANY IN DECEMBER
2009. INAL - IN DECEMBER 2009, INDÚSTRIA NACIONAL DE ARTEFATOS DE LÁTEX
(INAL) WAS ACQUIRED FOR THE AMOUNT OF R$ 212,619, RESULTING IN GOODWILL OF
APPROXIMATELY R$ 201,483.000,00. INAL WAS MERGED INTO THE COMPANY IN DECEMBER
2009. NEO QUÍMICA - ON DECEMBER 1, 2009, THE COMPANY ACQUIRED ALL OF THE
SHARES OF HYPERNOVA. THIS COMPANY WAS USED AS A "VEHICLE" IN THE
ACQUISITION OF LABORATÓRIO NEO QUÍMICA COMÉRCIO E INDÚSTRIA S.A., ACCORDING
TO THE SHARE MERGER AGREEMENT DATED DECEMBER 6, 2009, AIMING AT THE MERGER OF
ALL SHARES OF NEO QUÍMICA INTO HYPERMARCAS. THE TOTAL AMOUNT OF THE TRANSACTION WAS R$ 1,368,926, AND A PORTION OF
THIS AMOUNT COMPRISED 35,000,000 COMMON SHARES, AFTER SHARE SPLIT, ISSUED BY
HYPERMARCAS TO THE FORMER STOCKHOLDERS OF NEO QUÍMICA, CORRESPONDING TO 7.3%
OF THE CAPITAL, RESULTING IN A CAPITAL INCREASE OF R$ 681,625. SAID
TRANSACTION RESULTED IN GOODWILL OF R$ 1,163,738. ON DECEMBER 31, 2009 SUBJECT TOOK OVER THE COMPANIES HYPERNOVA AND
LABORATÓRIO NEO QUÍMICA COMÉRCIO E INDÚSTRIA S.A. IN MARCH 2010 SUBJECT SIGNED A MEMORANDUM OF UNDERSTANDING FOR THE
ACQUISITION OF SAPEKA – INDÚSTRIA E COMÉRCIO DE FRALDAS DESCARTÁVEIS LTDA.,
WHICH MANUFACTURES AND SELLS DISPOSABLE DIAPERS UNDER THE BRANDS SAPEKA,
FLUFFY, MATURIDADE, ÚNICA AND LEVE. IN MARCH 2010 SUBJECT SIGNED A MEMORANDUM OF UNDERSTANDING FOR THE
ACQUISITION OF IN MARCH 2010 SUBJECT SIGNED A MEMORANDUM OF UNDERSTANDING FOR THE
ACQUISITION OF FACILIT, A COMPANY THAT MANUFACTURES AND SELLS TOOTH BRUSHES,
DENTAL FLOSS, ORAL ANTISEPTIC, AMONG OTHERS PRODUCTS, UNDER THE BRAND
SANIFILL, THUS ENTERING IN THE ORAL CARE SEGMENT. ON MARCH 05, 2010, SUBJECT SIGNED A MEMORANDUM OF UNDERSTANDING, WHICH
FORESEES THE TERMS AND CONDITIONS OF THE ACQUISITION, BY HYPERMARCAS, OF 100%
OF THE QUOTAS REPRESENTING THE CORPORATE CAPITAL OF FACILIT ODONTOLÓGICA E
PERFUMARIA LTDA. (THE "FACILIT"), A BUCAL HYGIENE COMPANY, WHICH
BUSINESS CONSISTS IN THE MANUFACTURE AND TRADING OF ORAL HYGIENE ITEMS,
INCLUDING TOOTHBRUSH, DENTAL FLOSS AND ORAL ANTISEPTIC, AMONG OTHERS, UNDER
THE TRADEMARK "SANIFILL" ON MARCH 08, 2010, SUBJECT SIGNED A MEMORANDUM OF UNDERSTANDING WHICH
FORESEES THE TERMS AND CONDITIONS OF THE ACQUISITION, BY HYPERMARCAS, OF 100%
OF THE QUOTAS REPRESENTING THE CORPORATE CAPITAL OF LUPER INDÚSTRIA
FARMACÊUTICA LTDA. (THE "LUPER"), WHICH BUSINESS CONSISTS IN THE
MANUFACTURE AND TRADING OF MEDICATIONS SOLD UNDER THE TRADEMARKS
"GASTROL", "VIRILON", "DRAMAVIT",
"BLUMEL" AND "SENARETI", AMONG OTHERS. IN APRIL 2010 IT ACQUIRED ALL OF THE CAPITAL STOCK OF LUPER INDÚSTRIA
FARMACÊUTICA LTDA., A PHARMACEUTICAL COMPANY THAT MANUFACTURES AND SELLS
PRODUCTS UNDER THE BRANDS GASTROL, VIRILON, DRAMAVIT, BLUMEL AND SENARETI,
AMONG OTHERS, COMPLEMENTING OUR PORTFOLIO OF OTC PRODUCTS AND BRANDED
GENERICS. ON MAY 04, 2010 THE COMPANY CELEBRATED THE CONTRACT OF SALE AND
PURCHASE OF SHARES, AND OTHER AGREEMENTS THROUGH WHICH WERE TRANSFERRED TO
THE COMPANY SHARES REPRESENTING 59.5% OF THE SHARE CAPITAL OF SAPEKA –
INDÚSTRIA E COMÉRCIO DE FRALDAS DESCARTÁVEIS LTDA. ON MAY 18, 2010 THE COMPANY ACQUIRED THE TOTALITY OF THE SHARES OF
FACILIT. ON SEPTEMBER 6, 2010, THE COMPANY INCORPORATED THE SHARES REPRESENTING
40.5% OF THE CAPITAL OF SAPEKA. ON JUNE 9, 2010 . AS A RESULT OF ACQUISITION
OF SHARES SAPEKA BECAME A WHOLLY OWNED SUBSIDIARY OF THE COMPANY. FURTHER DETAILS ARE SO FAR NOT KNOWN. |
|
PUBLIC
INFORMATION: |
|
PROTESTS: |
|
5 PROTESTS, TOTAL AMOUNT R$ 5.584,88 |
|
DETAILS OF LATEST PROTESTS: |
|
NOTARY OFFICE: |
DATE: |
VALUE: |
|
CARTÓRIO DE JUNDIAÍ/SP |
01/2011 |
R$ 232,86 |
|
3º CARTÓRIO DE ITAJAÍ/SC |
09/2010 |
R$ 1.925,07 |
|
CARTÓRIO DE JUNDIAÍ/SP |
01/2011 |
R$ 141,69 |
|
CARTÓRIO DE JUNDIAÍ/SP |
01/2011 |
R$ 3.004,38 |
|
CARTÓRIO DE JUNDIAÍ/SP |
01/2011 |
R$ 280,88 |
|
LAWSUITS: |
|
|
|
|
DATE: |
COURT OF LAW: |
|
2 |
EXECUTIVE LAWSUITS |
15/12/09 |
5ª VARA DE ARAÇATUBA/SP |
|
4 |
FEDERAL LAWSUITS |
06/12/07 |
10ª VARA DE GOIÂNIA/GO |
FINANCIAL INFORMATION
|
GENERAL BALANCE SHEETS AS OF 30/09/2010, 31/12/2009 AND 31/12/2008. |
|
(FIGURES ARE IN THOUSANDS OF REAIS). |
|
ASSETS |
|
|
|
|
CURRENT: |
30/09/2010 |
31/12/2009 |
31/12/2008 |
|
|
|
|
|
|
CASH AND BANKS |
1.921.898 |
499.137 |
149.705 |
|
CLIENTS |
722.503 |
723.567 |
484.233 |
|
INVENTORY |
318.571 |
236.554 |
195.604 |
|
ADVANCES |
12.601 |
14.172 |
22.339 |
|
RECOVERABLE TAXES |
344.153 |
197.808 |
74.571 |
|
PRE PAID EXPENSES |
68.397 |
37.155 |
7.680 |
|
OTHER CREDITS |
7.210 |
5.844 |
642 |
|
TAX CREDITS |
101.701 |
18.588 |
79.236 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT ASSETS |
3.497.034 |
1.732.825 |
1.014.010 |
|
LONG-TERM
RECEIVABLES: |
|
|
|
|
|
|
|
|
|
INTERCOMPANY CREDITS |
7.739 |
287 |
51 |
|
RECOVERABLE TAXES |
785 |
772 |
1.327 |
|
JUDICIAL DEPOSITS |
15.484 |
10.683 |
8.129 |
|
PRE PAID EXPENSES |
1.430 |
5.445 |
5.585 |
|
TRIBUTARY CREDITS |
276.495 |
276.494 |
215.843 |
|
INVESTMENTS |
25.465 |
16.187 |
7.729 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG-TERM RECEIVABLES |
327.398 |
309.868 |
238.664 |
|
FIXED ASSETS: |
|
|
|
|
|
|
|
|
|
INVESTMENTS |
1.156.022 |
132.933 |
68.580 |
|
FIXED ASSETS |
226.039 |
222.870 |
132.189 |
|
DEFERRED |
329 |
550 |
973 |
|
INTANGIBLE |
3.791.351 |
3.784.051 |
2.090.349 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL FIXED ASSETS |
5.173.741 |
4.140.404 |
2.292.091 |
|
|
================ |
================ |
================ |
|
TOTAL ASSETS |
8.998.173 |
6.183.097 |
3.544.765 |
|
LI |
|
|
|
|
CURRENT: |
30/09/2010 |
31/12/2009 |
31/12/2008 |
|
|
|
|
|
|
SUPPLIERS |
128.881 |
131.843 |
98.553 |
|
LOANS AND FINANCING |
209.864 |
394.228 |
244.154 |
|
LABOR OBLIGATIONS |
51.927 |
37.211 |
25.542 |
|
TAXES & CONTRIBUTIONS |
18.014 |
17.232 |
27.613 |
|
ACCOUNTS PAYABLE |
137.379 |
124.339 |
131.786 |
|
NOTES PAYABLE |
598.838 |
492.308 |
114.944 |
|
DIVIDENDS |
|
27.685 |
|
|
DEBENTURES |
21.877 |
|
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT LI |
1.166.780 |
1.224.846 |
642.592 |
|
LONG TERM LI |
|
|
|
|
|
|
|
|
|
LOANS AND FINANCING |
414.067 |
379.870 |
194.642 |
|
OTHER |
17.063 |
29.563 |
16.397 |
|
DEBENTURES |
1.045.751 |
|
|
|
PROVISION FOR CONTINGENCIES |
19.187 |
25.284 |
11.941 |
|
TAXES AND CONTRIBUTIONS |
335.306 |
157.236 |
5.689 |
|
NOTES PAYABLE |
961.518 |
928.642 |
756.976 |
|
RELATED COMPANIES |
98 |
346 |
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG TERM LI |
2.792.990 |
1.520.941 |
985.645 |
|
NET EQUITY: |
|
|
|
|
|
|
|
|
|
SHARE CAPITAL |
3.321.195 |
2.555.552 |
1.592.177 |
|
CAPITAL RESERVES |
1.405.758 |
792.877 |
521.158 |
|
PROFIT RESERVES |
116.566 |
88.881 |
|
|
ACCRUED PROFIT (LOSS) |
194.884 |
|
-196.807 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL NET EQUITY |
5.038.403 |
3.437.310 |
1.916.528 |
|
|
================ |
================ |
================ |
|
TOTAL LI |
8.998.173 |
6.183.097 |
3.544.765 |
|
PROFIT AND LOSS ACCOUNTS AS OF 30/09/2010, 31/12/2009 AND 31/12/2008. |
|
(FIGURES ARE IN THOUSANDS OF REAIS). |
|
|
30/09/2010 |
31/12/2009 |
31/12/2008 |
|
|
|
|
|
|
GROSS SALES |
2.536.639 |
2.630.916 |
1.596.816 |
|
(-) TAXES ON SALES |
451.079 |
560.154 |
370.511 |
|
|
---------------- |
---------------- |
---------------- |
|
NET SALES |
2.085.560 |
2.070.762 |
1.226.305 |
|
(-) COST OF SOLD GOODS |
886.121 |
920.705 |
482.064 |
|
|
---------------- |
---------------- |
---------------- |
|
GROSS PROFIT |
1.199.439 |
1.150.057 |
744.241 |
|
OPERATING REVENUE (EXPENSE) |
-776.822 |
-680.766 |
-804.397 |
|
FINANCIAL REVENUE (EXPENSE) |
-120.834 |
13.028 |
-264.019 |
|
|
---------------- |
---------------- |
---------------- |
|
OPERATIONAL PROFIT (LOSS) |
301.783 |
482.319 |
-324.175 |
|
CONTRIBUTION/INCOME TAX |
-106.899 |
-168.946 |
116.299 |
|
|
---------------- |
---------------- |
---------------- |
|
NET PROFIT (LOSS) |
194.884 |
313.373 |
-207.876 |
|
RATIOS: |
30/09/2010 |
31/12/2009 |
31/12/2008 |
|
QUICK RATIO |
2,72 |
|
1,22 |
|
1,27 |
|
|
CURRENT RATIO |
3,00 |
|
1,41 |
|
1,58 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
2,89 |
TIMES |
2,86 |
TIMES |
2,53 |
TIMES |
|
DAYS' SALES IN RECEIVABLES |
93,54 |
DAYS |
125,79 |
DAYS |
142,15 |
DAYS |
|
INVENTORY TURNOVER |
2,78 |
TIMES |
3,89 |
TIMES |
2,46 |
TIMES |
|
ACCOUNTS PAYABLE PERIOD |
39,27 |
DAYS |
51,55 |
DAYS |
73,60 |
DAYS |
|
RETURN ON ASSETS |
,23 |
TIMES |
,33 |
TIMES |
,35 |
TIMES |
|
SALES TURNOVER ON NET EQUITY |
,41 |
TIMES |
,60 |
TIMES |
,64 |
TIMES |
|
NET WORTH TIE-UP |
,04 |
|
,06 |
|
,07 |
|
|
INDEBTEDNESS |
,79 |
|
,80 |
|
,85 |
|
|
EQUITY RATIO |
55,99 |
% |
55,59 |
% |
54,07 |
% |
|
WORKING CAPITAL RATIO |
199,72 |
% |
41,47 |
% |
57,80 |
% |
|
GENERAL SOLVENCY |
2,27 |
|
2,25 |
|
2,18 |
|
|
RETURN ON NET EQUITY |
3,87 |
% |
9,12 |
% |
-10,85 |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
9,34 |
% |
15,13 |
% |
-16,95 |
% |
|
GROSS PROFIT MARGIN |
57,51 |
% |
55,54 |
% |
60,69 |
% |
|
OPERATIONAL RESULT |
14,47 |
% |
23,29 |
% |
-26,44 |
% |
|
SALES TURNOVER ON LI |
1,79 |
TIMES |
1,69 |
TIMES |
1,91 |
TIMES |
|
FOREIGN CURRENCY ON ASSETS |
|
|
|
|
|
|
|
FOREIGN CURRENCY ON LI |
|
|
|
|
|
|
|
EXCHANGE RATE: |
|
|
US$ 1,00 = R$ 1,67 |
- OFFICIAL RATE ON 18/01/2011 |
|
US$ 1,00 = R$ 1,69 |
- OFFICIAL RATE ON 30/09/2010 |
|
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 ANNUAL FIGURES AVAILABLE SHOW A THE QUARTERLY FIGURES FOR SEPTEMBER 2010 SHOW MAINTENANCE IN THE
FINANCIALS. THE INDEBTEDNESS KEEPS ACCEPTABLE AND THE LIQUIDITY IMPROVED. IN
ADDITION IT IS NOTED GROWING SALES TREND AND THE OPERATIONS ARE PROFITABLE. REMARKS: THE STRONG SALES GROWTH WAS DRIVEN BY ACQUISITIONS AND MERGERS. |
|
REAL ESTATE: |
OWNED PREMISES ARE VALUED AT R$
77.800.000,00
|
VEHICLES: |
OWNED VEHICLES ARE VALUED AT R$
445.000,00
|
MACHINES: |
OWNED MACHINES AND EQUIPMENTS
ARE VALUED AT R$ 97.080.000,00
INSURANCE
|
AS AT SEPTEMBER 30, 2010 THE INSURANCE COVERAGE WAS BREAKDOWN AS
FOLLOWS: FIRE, RAY AND EXPLOSION OF ANY KIND - R$ 948.129.000,00; MAXIMUM INDEMNITY VALUE - R$ R$ 948.129.000,00; WINSTORM/SMOKE - R$ 271.300.000,00; ELECTRICAL DAMAGES - R$ 49.320.000,00. |
BANKING REFERENCES
|
|
BRANCH/PHONE: |
CITY: |
|
BANCO SAFRA S/A |
0018 / 11 3178-2200 |
SÃO PAULO/SP |
|
BANCO DO BRASIL S/A |
3388-X / 62 3216-5456 |
GOIÂNIA/GO |
|
BANCO BRADESCO S/A |
237 / 62 3291-1844 |
GOIÂNIA/GO |
|
REMARKS: IN ACCORDING TO THE CENTRAL BANK OF |
ACTIVITIES COMMENTS
|
CORPORATE PROFILE: HYPERMARCAS ONE OF THE LARGEST CONSUMER GOODS COMPANIES FUNDED WITH BRAZILIAN
CAPITAL AND THE LARGEST AND MOST DIVERSIFIED PORTFOLIO OF BRANDS, INCLUDING A
NUMBER OF LEADING BRANDS IN THEIR RESPECTIVE MARKETS. WE OPERATE IN FOUR
MARKET SEGMENTS, DEVELOPING, MANUFACTURING AND DISTRIBUTING PRODUCTS THAT
BELONG TO A TRADITIONAL AND WELL-ESTABLISHED PORTFOLIO OF BRANDS: PHARMACEUTICAL: OVER-THE-COUNTER MEDICATIONS (OTC), PRESCRIBED
MEDICATIONS (RX) AND GENERICS - BENEGRIP, ENGOV, RINOSSORO, DORIL, TAMARINE,
ATROVERAN; BEAUTY AND PERSONAL CARE: MONANGE, PAIXÃO, RISQUÉ, BOZZANO, JONTEX,
OLLA, CENOURA & BRONZE; FOOD PRODUCTS: FINN, ZERO CAL, SALSARETTI; E HOME CARE PRODUCTS: ASSOLAN E MAT INSET. IT HAS SALES AND DISTRIBUTION SYSTEM THAT COVERS ALL REGIONS IN IT OPERATES 19 PLANTS IN NINE INDUSTRIAL COMPLEXES LOCATED IN THE
STATES OF GOIÁS, SANTA CATARINA AND CURRENTLY IT HAS 28 ACQUISITIONS BEEN COMPLETED SINCE THE OPERATIONS
STARTED. |
|
IMPORT AND
EXPORT: |
IMPORTS FROM:
|
|
EXPORTS TO:
|
MERCOSUR AND |
|
MAIN CLIENTS: |
|
|
|
|
|
|
|
DOMESTIC
CLIENTS: |
CITY: |
PHONE: |
|
CARREFOUR COMÉRCIO E INDÚSTRIA LTDA |
SÃO PAULO/SP |
11 3755-2600 |
|
CIA. BRASILEIRA DE DISTRIBUIÇÃO (PÃO DE AÇÚCAR) |
SÃO PAULO/SP |
11 3886-0471 |
|
STAFF: |
|
|
|
THE COMPANY HAS: 4.000 EMPLOYEES |
CONCEPT AND FULFILMENT
|
THE SUBJECT IS A WELL-ESTABLISHED COMPANY WHICH WAS ESTABLISHED 1998. SO
FAR IT OPERATES WITH HIGH SCALE OF ACTIVITIES, 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 PROTESTS FOUND ARE CONSIDERED IRRELEVANT. |
|
MAIN SUPPLIERS: |
|
|
|
|
|
|
|
DOMESTIC
SUPPLIERS: |
CITY: |
PHONE: |
|
AUTOMOTION IND. COM. IMP. EXP. LTDA |
|
15 3363-9900 |
|
BELGO BEKAERT NORDESTE S/A |
FEIRA DE SANTANA/BA |
31 3329-2243 |
|
GRAFIGEL EMBALAGENS LTDA |
GRANJA SANTOS/GO |
62 3271-3760 |
|
IMPRESSORA PARANAENSE S/A |
|
11 6982-9328 |
|
ITAP BEMIS LTDA |
|
11 5516-2232 |
|
KLABIN |
LAGES/SC |
11 3046-5810 |
|
SYMRISE AROMAS |
|
11 5694-6113 |
|
VICUNHA TÊXTIL S/A |
AMERICANA/SP |
19 3471-2007 |
|
PAYMENT HISTORY: |
|
61 SUPPLIERS REPORTED PAYMENTS: |
|
TOTAL AMOUNT: R$ 2.614.851,00 |
|
|
|
AMOUNT OF INVOICES PAID: 419 |
|
TOTAL OF PROMPT PAYMENTS: 80,5% |
|
TOTAL OF DELAYED PAYMENTS: 19,5% |
|
|
|
HIGHEST INVOICE: R$ 295.090,00 |
|
HIGHEST CREDIT: R$ 295.090,00 |
|
|
|
OUTSTANDING
INVOICES DUE WITHIN THE NEXT 91 DAYS: |
|
--------------------------- |
SUPPLIERS: |
INVOICES: |
TOTAL AMOUNT: |
|
DUE WITHIN 91 DAYS |
1 |
3 |
R$ 45.730,00 |
|
DUE WITHIN 90 DAYS |
2 |
9 |
R$ 60.449,00 |
|
DUE WITHIN 60 DAYS |
2 |
9 |
R$ 426.645,00 |
|
DUE WITHIN 30 DAYS |
9 |
19 |
R$ 259.745,00 |
|
ALL |
11 |
40 |
R$ 792.571,00 |
FINAL OPINION
|
THE SUBJECT IS A WELL-ESTABLISHED COMPANY WHICH 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 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. THE COMPANY HAS HIGH FINANCIAL POWER AND IS CONSIDERED FULLY
CREDITWORTHY FOR AN INITIAL CREDIT LIMIT OF US$ 5.000.000,00. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.38 |
|
|
1 |
Rs.72.71 |
|
Euro |
1 |
Rs.61.15 |
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.