MIRA
INFORM REPORT
|
Report Date : |
10.04.2012 |
IDENTIFICATION DETAILS
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Name : |
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Formerly Known As : |
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Registered Office : |
Rod Jornalista Francisco Aguirre
Proenca, S/Nº Km 08 Bloco
I, Ii E V - Chacara Assay |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
09.01.1964 |
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Legal Form : |
Privately Held Corporation |
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Line of Business : |
Manufacturer Of Pharmaceuticals |
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No. of Employees : |
4600 |
RATING & COMMENTS
|
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 : |
USD 5.000.000,00 |
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Status : |
Good |
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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, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
Brazil |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
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
EMS S/A
company ADDRESSES
|
MAIN ADDRESS: |
ROD JORNALISTA FRANCISCO AGUIRRE PROENCA, S/Nº KM 08 BLOCO I, II E V -
CHACARA ASSAY |
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ZIP CODE/CITY: |
13.186-901 - HORTOLANDIA/SP |
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PHONE: |
19 3887-9800 |
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FAX: |
19 3887-9504 |
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E-MAIL: |
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WEB SITE: |
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BRANCHES: |
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ADDRESS: |
AVENIDA A,27 A, CJ MARCOS FREIRE II - TAICOCA |
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ZIP CODE/CITY: |
49160-000 NOSSA SENHORA DO SOCORRO/SE |
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CNPJ: |
57.507.378/0005-27 |
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ADDRESS: |
SAA NORTE, QUADRA 02,960 |
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ZIP CODE/CITY: |
70632-200 BRASÍLIA/DF |
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PHONE: |
61 3363-4309 |
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CNPJ: |
57.507.378/0006-08 |
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ADDRESS: |
RUA MONSENHOR OTÁVIO DE CASTRO,167 - VILA UNIÃO |
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ZIP CODE/CITY: |
60410-691 FORTALEZA/CE |
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CNPJ: |
57.507.378/0007-99 |
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ADDRESS: |
RUA 1.126, QUADRA 230, LOTE 2, CASAS 1 E 2,0 - SETOR MARISTA |
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ZIP CODE/CITY: |
74175-050 GOIÂNIA/GO |
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CNPJ: |
57.507.378/0008-70 |
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ADDRESS: |
RUA COM CARLO MARIO GARDANO,450 - CENTRO |
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ZIP CODE/CITY: |
09.720-47 SAO BERNARDO DO CAMPO/SP |
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PHONE: |
11 2104-1677 |
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CNPJ: |
57.507.378/0001-01 |
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STATE REGISTER: |
635.038.454.114 |
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ADDRESS: |
268 MUNOZ RIVERA AVE, WESTERNBANK WORLD PLAZA, SUÍTE,808 - SAN JUAN |
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ZIP CODE/CITY: |
PORTO RICO, PR 00918 |
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ADDRESS: |
RUA COMENDADOR CARLO MARIO GARDANO,450 - VILA SANTA RITA DE CÁSSIA |
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ZIP CODE/CITY: |
09720-470 SÃO BERNARDO DO CAMPO/SP |
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CNPJ: |
57.507.378/0001-01 |
LEGAL DATA
|
MAIN ACTIVITIES: |
|
MANUFACTURE OF PHARMACEUTICALS. |
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LEGAL FORM: |
PRIVATELY
HELD CORPORATION |
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INCORPORATION DATE: |
09/01/1964 |
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REGISTER DATE: |
09/01/1964 |
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BALANCE SHEET FILING DATE: |
31/12 |
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TAX CONTRIBUTOR NUMBER(CNPJ): |
57.507.378/0003-65 |
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STATE REGISTER: |
748.002.161.113 |
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SHARE CAPITAL: |
R$
221.716.503,42 |
|
LAST REGISTER OF CAPITAL: |
12/08/2010 |
|
BOARD OF
DIRECTORS: |
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|
|
|
|
LUIZ CARLOS BORGONOVI |
PRESIDENT DIRECTOR |
|
WALDIR ESCHBERGER JUNIOR |
VICE-PRESIDENT DIRECTOR |
|
CLARICE MITIE SANO YUI |
VICE-PRESIDENT DIRECTOR |
|
ISRAEL DOMINGUES BACCA |
VICE-PRESIDENT DIRECTOR |
|
JOSE CARLOS JORGE LIMA BUECHEM |
VICE-PRESIDENT DIRECTOR |
|
VINZENZ PLORER |
VICE-PRESIDENT DIRECTOR |
AUTHORIZED USE OF SIGNATURE
|
THE DIRECTORS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
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SHAREHOLDERS /
PARTNERS: |
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|
|
EMS PARTICIPAÇÕES S/A |
99,99% |
|
GERMED FARMACEUTICA LTDA |
0,01% |
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AFFILIATES /
SUBSIDIARIES: |
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|
|
|
LEGRAND PHARMA INDUSTRIA FARMACÊUTICA LTDA |
99,00% |
|
TOPZ INDUSTRIA E COMERCIO DE COSMÉTICOS LTDA |
99,00% |
|
GERMED FARMACÊUTICA LTDA |
99,00% |
|
EMS SIGMA FARMA LTDA |
99,00% |
|
SIGMA FARMA EMS, LLC |
100,00% |
COMPANY'S BACKGROUND
|
THE HISTORY OF EMS SIGMA PHARMA GROUP STARTS IN DURING THE FOLLOWING YEARS, AS PART OF THEIR EXPANSION STRATEGY, THE
LABORATORIES LEGRAND AND NOVAQUÍMICA WERE PURCHASED, FURTHER TO THE EXPANSION
OF THE PRODUCTS LINE AND THE SEGMENT OF ACTIVITY, COMPLETING THE COMPANY'S
PORTFOLIO. CURRENTLY, THE GROUP IS COMPOSED BY THE COMPANIES EMS, LEGRAND, SIGMA
PHARMA AND NATURE'S, ACTING IN THE PHARMACEUTICAL, GENERIC, CONSUME, HOSPITAL
AND PERSONAL HYGIENE SEGMENTS. THE GROUP HAS AS HIGHLIGHT IT PIONEER
CONDITION WITH GENERIC MEDICATIONS, BEING THE FIRST COMPANY TO RECEIVE THE
APPROVAL OF ANVISA TO MANUFACTURE AND MERCHANDISE THE MEDICATION CALLED
CYCLOSPORINE, WHICH IS DESTINED TO AVOID THE REJECTION OF TRANSPLANT ORGANS. ONE OF THE LARGEST COMPANIES WITH ASSETS CAPITAL BEING 100% NATIONAL,
IN 39 YEARS OF ACTIVITY IN THE BRAZILIAN MARKET, REACHED THE 11TH PLACE IN
THE PHARMACEUTICAL INDUSTRIES RANKING (SOURCE: IMS HEALTH, 2002). THE GROUP HAS TWO PRODUCTION UNITS LOCATED IN SÃO BERNARDO DO CAMPO
AND HORTOLÂNDIA, SP, BEING THE LAST ONE THE MOST UPDATED COMPANY OF LATIN
AMERICA, STRUCTURED ACCORDING TO THE STANDARDS ESTABLISHED BY THE FDA (FOOD
AND DRUG ADMINISTRATION). WITH 2,800 EMPLOYEES DISTRIBUTED IN THE ADMINISTRATION, COMMERCIAL AND
INDUSTRIAL AREAS, THE EMS SIGMA PHARMA GROUP MANUFACTURES AND MERCHANDISE FOR
ALL THE COUNTRY MORE THAN 350 PRODUCTS, ALL OF THEM MANUFACTURED UNDER THE
MOST STRICT QUALITY STANDARDS, CONTRIBUTING IN THIS WAY TO IMPROVE THE HEALTH
AND QUALITY OF LIFE OF ALL BRAZILIANS ON DECEMBER 17, 2002 THE SUBJECT COMPANY CHANGED ITS CORPORATE NAME
FROM EMS INDÚSTRIA FARMACÊUTICA LTDA TO THE CURRENT ONE. FURTHER DETAILS ABOUT THE SUBJECT'S HISTORY ARE SO FAR NOT KNOWN. |
|
PUBLIC RECORDS
INFORMATION: |
|
PROTESTS: |
|
1 PROTEST,TOTAL AMOUNT R$
3.630,00 |
|
DETAILS OF LATEST PROTESTS: |
|
NOTARY OFFICE: |
DATE: |
VALUE: |
|
1º CARTORIO DE SUMARE/SP |
18/10/2011 |
R$ 3.630,00 |
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LAWSUITS: |
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DATE: |
COURT OF LAW: |
|
6 |
STATE LAWSUITS |
25/10/11 |
1ª VARA DE SP-HORTOLÂNDIA |
FINANCIAL INFORMATION
|
GENERAL BALANCE SHEETS AS OF 31/12/2010, 31/12/2009 AND 31/12/2008. |
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( FIGURES ARE IN THOUSANDS OF REAIS ). |
|
ASSETS |
|
|
|
|
CURRENT: |
31/12/2010 |
31/12/2009 |
31/12/2008 |
|
|
|
|
|
|
CASH AND BANKS |
10.338 |
25.783 |
22.070 |
|
CLIENTS |
309.885 |
240.525 |
196.032 |
|
INVENTORY |
147.183 |
139.565 |
144.952 |
|
OTHER CREDITS |
2.711 |
3.919 |
5.039 |
|
INTERCOMPANY CREDITS |
109.063 |
9.187 |
31.745 |
|
RECOVERABLE TAXES |
11.778 |
21.004 |
31.553 |
|
DEFERRED TAXES |
|
54.495 |
83.891 |
|
INVESTMENTS |
|
6.848 |
4.086 |
|
|
---------------- |
---------------- |
---------------- |
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TOTAL CURRENT ASSETS |
590.958 |
501.326 |
519.368 |
|
LONG-TERM
RECEIVABLES: |
|
|
|
|
|
|
|
|
|
JUDICIAL DEPOSITS |
8.241 |
6.331 |
|
|
DEFERRED TAXES |
35.208 |
18.472 |
43.212 |
|
INTERCOMPANY CREDITS |
79.464 |
233.231 |
171.518 |
|
RECOVERABLE TAXES |
3.058 |
3.058 |
4.729 |
|
INVESTMENTS |
14.846 |
12.754 |
|
|
OTHER CREDITS |
2.640 |
2.900 |
1.702 |
|
|
---------------- |
---------------- |
---------------- |
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TOTAL LONG-TERM RECEIVABLES |
143.457 |
276.746 |
221.161 |
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FIXED ASSETS: |
|
|
|
|
|
|
|
|
|
INVESTMENTS |
39.744 |
24.947 |
38.768 |
|
FIXED ASSETS |
132.263 |
133.498 |
138.261 |
|
INTANGIBLE |
3.038 |
5.869 |
7.787 |
|
DEFERRED |
|
|
26.103 |
|
|
---------------- |
---------------- |
---------------- |
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TOTAL FIXED ASSETS |
175.045 |
164.314 |
210.919 |
|
|
================ |
================ |
================ |
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TOTAL ASSETS |
909.460 |
942.386 |
951.448 |
|
LIABILITIES: |
|
|
|
|
CURRENT: |
31/12/2010 |
31/12/2009 |
31/12/2008 |
|
|
|
|
|
|
LOANS AND FINANCING |
32.365 |
16.821 |
15.821 |
|
SUPPLIERS |
64.529 |
43.540 |
93.967 |
|
INTERCOMPANY DEBTS |
4.731 |
1.648 |
1.086 |
|
ACCOUNTS PAYABLE |
8.549 |
7.625 |
6.886 |
|
PROVISIONS |
|
3.086 |
1.827 |
|
INSTALLMENTS TAXES PAYABLE |
12.469 |
12.197 |
7.885 |
|
INCOME TAX/SOCIAL CONTRIBUTION |
24.970 |
|
|
|
TAX LIABILITIES |
10.822 |
11.659 |
12.317 |
|
SOCIAL / LABOR OBLIGATIONS |
23.015 |
15.576 |
11.282 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT LIABILITIES |
181.450 |
112.152 |
151.071 |
|
LONG TERM
LIABILITIES: |
|
|
|
|
|
|
|
|
|
LOANS AND FINANCING |
123.961 |
126.120 |
133.098 |
|
INSTALLMENTS TAXES PAYABLE |
21.398 |
28.005 |
30.838 |
|
PROVISION FOR CONTINGENCIES |
58.313 |
54.328 |
47.833 |
|
DEFERRED TAXES |
429 |
|
18.690 |
|
OTHER |
2.561 |
5.408 |
6.831 |
|
DEFERRED REVENUE |
79.691 |
72.996 |
|
|
|
---------------- |
---------------- |
---------------- |
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TOTAL LONG TERM LIABILITIES |
286.353 |
286.857 |
237.290 |
|
NET EQUITY: |
|
|
|
|
|
|
|
|
|
SHARE CAPITAL |
221.708 |
221.717 |
120.073 |
|
CAPITAL RESERVES |
164.019 |
164.019 |
265.663 |
|
PROFIT RESERVES |
55.930 |
157.641 |
177.352 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL NET EQUITY |
441.657 |
543.377 |
563.088 |
|
|
================ |
================ |
================ |
|
TOTAL LIABILITIES |
909.460 |
942.386 |
951.449 |
|
PROFIT AND LOSS ACCOUNTS AS OF 31/12/2010, 31/12/2009 AND 31/12/2008. |
|
( FIGURES ARE IN THOUSANDS OF REAIS ). |
|
|
31/12/2010 |
31/12/2009 |
31/12/2008 |
|
|
|
|
|
|
GROSS SALES |
|
|
1.002.017 |
|
(-) TAXES ON SALES |
|
|
172.235 |
|
|
---------------- |
---------------- |
---------------- |
|
NET SALES |
1.213.283 |
1.036.807 |
829.782 |
|
(-) COST OF SOLD GOODS |
444.871 |
440.225 |
394.200 |
|
|
---------------- |
---------------- |
---------------- |
|
GROSS PROFIT |
768.412 |
596.582 |
435.582 |
|
OPERATING REVENUE (EXPENSE) |
-433.523 |
-368.082 |
-241.141 |
|
FINANCIAL REVENUE(EXPENSE) |
-8.271 |
3.584 |
-25.175 |
|
|
---------------- |
---------------- |
---------------- |
|
OPERATIONAL PROFIT (LOSS) |
326.618 |
232.084 |
169.266 |
|
CONTRIBUTION/INCOME TAX |
-91.937 |
-67.038 |
-96.384 |
|
|
---------------- |
---------------- |
---------------- |
|
NET PROFIT (LOSS) |
234.681 |
165.046 |
72.882 |
|
RATIOS: |
31/12/2010 |
31/12/2009 |
31/12/2008 |
|
QUICK RATIO |
2,45 |
|
3,23 |
|
2,48 |
|
|
CURRENT RATIO |
3,26 |
|
4,47 |
|
3,44 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
3,92 |
TIMES |
4,31 |
TIMES |
4,23 |
TIMES |
|
DAYS' SALES IN RECEIVABLES |
91,95 |
DAYS |
83,52 |
DAYS |
85,05 |
DAYS |
|
INVENTORY TURNOVER |
3,02 |
TIMES |
3,15 |
TIMES |
2,72 |
TIMES |
|
ACCOUNTS PAYABLE PERIOD |
52,22 |
DAYS |
35,61 |
DAYS |
85,81 |
DAYS |
|
RETURN ON ASSETS |
1,33 |
TIMES |
1,10 |
TIMES |
,87 |
TIMES |
|
SALES TURNOVER ON NET EQUITY |
2,75 |
TIMES |
1,91 |
TIMES |
1,47 |
TIMES |
|
NET WORTH TIE-UP |
,30 |
|
,25 |
|
,25 |
|
|
INDEBTEDNESS |
1,06 |
|
,73 |
|
,69 |
|
|
EQUITY RATIO |
48,56 |
% |
57,66 |
% |
59,18 |
% |
|
WORKING CAPITAL RATIO |
225,69 |
% |
347,01 |
% |
243,79 |
% |
|
GENERAL SOLVENCY |
1,94 |
|
2,36 |
|
2,45 |
|
|
RETURN ON NET EQUITY |
53,14 |
% |
30,37 |
% |
12,94 |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
19,34 |
% |
15,92 |
% |
8,78 |
% |
|
GROSS PROFIT MARGIN |
63,33 |
% |
57,54 |
% |
52,49 |
% |
|
OPERATIONAL RESULT |
26,92 |
% |
22,38 |
% |
20,40 |
% |
|
SALES TURNOVER ON LIABILITIES |
6,69 |
TIMES |
9,24 |
TIMES |
5,49 |
TIMES |
|
FOREIGN CURRENCY ON ASSETS |
|
|
|
|
|
|
|
FOREIGN CURRENCY ON LIABILITIES |
|
|
|
|
|
|
|
EXCHANGE RATE: |
|
|
US$ 1,00 = R$ 1,83 |
- OFFICIAL RATE ON 04/04/2012 |
|
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 GOOD FINANCIAL STANDING. THE LEVEL OF
INDEBTEDNESS IS HIGH BUT IT HAS HIGH LIQUIDITY RATIOS AND IMPORTANT WORKING
CAPITAL. IT ALSO SHOWS HIGH AND GROWING SALES AND PROFITABILITY. IT IS WORTH TO COMMENT THAT THE SUBJECT HAS A HIGH FINANCIAL STRENGTH
AND SO FAR IT OPERATES NORMALLY BEING NOT LIKELY TO FACE FINANCIAL PROBLEMS. |
|
REAL ESTATE: |
OWNED PREMISES ARE VALUED AT R$ 727.800,00
|
DETAIL OF OWNED
REAL ESTATE: |
|
QUANTITY: |
1 |
|
TYPE: |
OTHERS |
|
VALUE: |
R$ 110.400,00 |
|
ADDRESS: |
AV. ARTHUR DE QUEIROZ S/N - CASA BRANCA |
|
|
|
|
QUANTITY: |
1 |
|
TYPE: |
BUILDING |
|
VALUE: |
R$ 736.000,00 |
|
ADDRESS: |
AV. ARTHUR DE QUEIROZ, 905/915 - CASA BRANCA, |
|
VEHICLES: |
NOT AVAILABLE
|
MACHINES: |
NOT AVAILABLE
INSURANCE
|
INSURANCE COMPANY: |
MINAS-BRASIL SEGURADORA |
|
COVERAGE: |
ALL RISKS |
|
VALUE: |
R$ 18.567.680,00 |
BANKING REFERENCES
|
|
BRANCH/PHONE: |
CITY: |
|
BANCO ITAÚ S/A |
0009 / 19 3735-9709 |
CAMPINAS/SP |
|
BANCO DO BRASIL S/A |
2900-9 / 19 3794-9023 |
CAMPINAS/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 MANUFACTURE AND TRADE OF PHARMACEUTICAL
PRODUCTS. |
|
IMPORT AND
EXPORT: |
IMPORTS FROM:
|
ITALY, GERMANY, FRANCE, CANADA, INDIA AND SWEDEN. |
EXPORTS TO:
|
DOES NOT EXPORT. |
|
MAIN CLIENTS: |
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|
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DOMESTIC
CLIENTS: |
CITY: |
PHONE: |
|
DIST.DE DROGAS NORFARMA LTDA |
ARAÇATUBA/SP |
18 623-3645 |
|
DISTR. FARMACÊUTICA PANARELLO LTDA |
GOIÂNIA/GO |
62 3285-6611 |
|
DISTR. MEDICAMENTOS SANTA CRUZ LTDA |
CURITIBA/PR |
41 3316-2209 |
|
DISTR.DROGAS CENTRO OESTE LTDA. |
CAMPO GRANDE/MS |
67 382-6188 |
|
ITA REPRES. PRODS. FARMACÊUTICOS |
SANTA BÁRBARA D’OESTE/SP |
19 3459-4000 |
|
JAMYR VASCONCELOS S/A |
RIO DE JANEIRO/RJ |
21 2472-2828 |
|
PERFORMA DISTR. PRODS. FARMACÊUTICOS LTDA |
RIACHO DAS PEDRAS/MG |
21 3450-1416 |
|
UNIFARMA DISTRIBUISDORA FARMACEUTICA LTDA |
IMPERATRIZ/MA |
98 3525-3486 |
|
STAFF: |
|
|
|
THE COMPANY HAS: 4600 EMPLOYEE(S) |
CONCEPT AND FULFILMENT
|
THE SUBJECT IS AN OLD-ESTABLISHED COMPANY, OPERATING SINCE 1964 WITH A
LEADING MARKET POSITION. IT HAS A HIGH AND GROWING SCALE OF ACTIVITIES AND AN
EXCELLENT TRADE REPUTATION. THE COMPANY HAS TRADE RELATIONS WITH SEVERAL SUPPLIERS IN BRAZIL. THE
SUPPLIERS EXTEND CREDIT FACILITIES TO THE SUBJECT IN TERMS AND AMOUNTS
ACCORDING TO THE COMPANY'S NEEDS AND SO FAR NO PAYMENT PROBLEMS ARE NOTED. 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 IS IRRELEVANT. |
|
MAIN SUPPLIERS: |
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|
DOMESTIC
SUPPLIERS: |
CITY: |
PHONE: |
|
ALLPLAS INDÚSTRIA.COM.PLÁSTICOS LTDA |
CARAPICUIBA/SP |
11 429-7443 |
|
BAFEMA S/A INDÚSTRIA E COMÉRCI0 |
SÃO PAULO/SP |
11 246-4088 |
|
BOAINAIN DIOSTR. DE ALCOOL LTDA |
OSASCO/SP |
11 703-7111 |
|
CIA. UNIÃO REFINADORES AÇÚCAR E CAFÉ |
SÃO PAULO/SP |
11 291-6111 |
|
COLORCON DO BRASIL LTDA |
COTIA/SP |
11 4617-8640 |
|
ESQYEMA IND.COM.EMBALAGENS LTDA |
OSASCO/SP |
11 703-1577 |
|
FENIL QUÍMICA LTDA |
SÃO PAULO/SP |
11 548-9332 |
|
HENRIFARMA PRODS.QUI.FARM. LTDA |
SÃO PAULO/SP |
11 549-9933 |
|
M. CASSAB COMERCIO E INDUSTRIA LTDA |
SÃO PAULO/SP |
11 2162-7788 |
|
PRODUTOS ROCHE QUÍM. FARMACÊUTICA S/A |
SÃO PAULO/SP |
11 268-7022 |
|
VEDAT TAMPAS HERMETICAS LTDA |
EMBU/SP |
11 2133-1212 |
|
VITROSUL IND.COM.VIDORS LTDA |
EMBÚ/SP |
11 494-6877 |
|
VULCAN MARTERIAL PLÁSTICO S/A |
RIO DE JANEIRO/RJ |
21 3362-2037 |
|
WHEATON DO BRASIL S/A |
SÃO BERNARDO CAMPO/SP |
11 451-4433 |
|
PAYMENT HISTORY: |
|
16 SUPPLIERS REPORTED PAYMENTS: |
|
TOTAL AMOUNT: R$ 4.598.320,00 |
|
|
|
AMOUNT OF INVOICES PAID: 140 |
|
TOTAL OF PROMPT PAYMENTS: 99,8% |
|
TOTAL OF DELAYED PAYMENTS: 0,2% |
|
|
|
HIGHEST INVOICE: R$ 361.462,00 |
|
HIGHEST CREDIT: R$ 361.462,00 |
|
|
|
OUTSTANDING
INVOICES DUE WITHIN THE NEXT 30 DAYS: |
|
--------------------------- |
SUPPLIERS: |
INVOICES: |
TOTAL AMOUNT: |
|
DUE WITHIN 30 DAYS |
2 |
2 |
R$ 119.975,39,00 |
FINAL OPINION
|
THE SUBJECT IS A WELL-ESTABLISHED COMPANY IN BUSINESS FOR SEVERAL YEARS.
UP TO DATE IT HAS CLEAR TRADE HISTORY AND GOOD PAYMENT PERFORMANCE. BASED ON THE OVERALL 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 SIZE AND FINANCIAL STRENGTH. AN INITIAL CREDIT LIMIT OF USD 5.000.000,00 CAN BE CONSIDERED. HIGHER
AMOUNTS CAN BE GRANTED DEPENDING ON THE IMPORTANCE OF THE OPERATIONS TO BE
ESTABLISHED WITH THE SUBJECT. |
|
|
|
|
|
|
|
|
|
BALANCE SHEET ANALYSIS |
FIGURES ARE IN THOUSANDS
OF REAIS |
|
|
|
||
|
|
31-12-10 |
|
31-12-09 |
|
31-12-08 |
|
|
ASSETS |
|
% |
|
% |
|
% |
|
Current Assets |
64.98 |
$ 501,326 |
53.20 |
$
519,368 |
54.59 |
|
|
Fixed Assets |
$ 175,045 |
19.25 |
$ 164,314 |
17.44 |
$
210,919 |
22.17 |
|
TOTAL ASSETS |
$ 909,460 |
100.00 |
$ 942,386 |
100.00 |
$
951,448 |
100.00 |
|
LIABILITIES |
|
|
|
|
|
|
|
Current Liabilities |
$ 181,450 |
19.95 |
$ 112,152 |
11.90 |
$
151,071 |
15.88 |
|
Long-Term Liabilities |
$ 286,353 |
31.49 |
$ 286,857 |
30.44 |
$
237,290 |
24.94 |
|
TOTAL LIABILITIES |
$ 467,803 |
51.44 |
$ 399,009 |
42.34 |
$
388,361 |
40.82 |
|
Deferred Income |
$ -
|
0.00 |
$ - |
0.00 |
$ - |
0.00 |
|
Net Equity |
$ 441,657 |
48.56 |
$ 543,377 |
57.66 |
$
563,088 |
59.18 |
|
TOTAL LIABILITIES + NET EQUITY |
$ 909,460 |
100.00 |
$ 942,386 |
100.00 |
$
951,449 |
100.00 |
|
PROFIT AND LOSS ACCOUNTS |
|
|
|
|
|
|
|
Net Sales |
$ 1,213,283 |
100.00 |
$
1,036,807 |
100.00 |
$
829,782 |
100.00 |
|
Costs |
$ 444,871 |
36.67 |
$ 440,225 |
42.46 |
$
394,200 |
47.51 |
|
Gross Profit |
$ 768,412 |
63.33 |
$ 596,582 |
57.54 |
$
435,582 |
52.49 |
|
Operating expenses |
$ (433,523) |
-35.73 |
$ (368,082) |
-35.50 |
$
(241,141) |
-29.06 |
|
operational Result |
$ 326,618 |
26.92 |
$
232,084 |
22.38 |
$
169,266 |
20.40 |
|
Net Profit (loss) |
$ 234,681 |
19.34 |
$ 165,046 |
15.92 |
$ 72,882 |
8.78 |
|
COMPLEMENTARY DATA |
|
|
|
|
|
|
|
Inventory |
$ 147,183 |
|
$ 139,565 |
|
$
144,952 |
|
|
Accounts receivable |
$ 309,885 |
|
$ 240,525 |
|
$
196,032 |
|
|
Accounts Payable |
$ 64,529 |
|
$ 43,540 |
|
$ 93,967 |
|
|
Property, plant and equipment |
$ 132,263 |
|
$ 133,498 |
|
$
138,261 |
|
|
Purchases |
$ 175,045 |
|
$ 164,314 |
|
$
210,919 |
|
|
Financial Expenses |
$ (8,271) |
|
$ 3,584 |
|
$ (25,175) |
|
|
Foreign Currency Assets |
|
|
|
|
|
|
|
Foreign Currency Liabilities |
|
|
|
|
|
|
|
Working Capital |
$ 409,508 |
|
$ 389,174 |
|
$
368,297 |
|
|
RATIOS: |
|
|
|
|
|
|
|
QUICK RATIO |
2.45 |
|
3.23 |
|
2.48 |
|
|
CURRENT RATIO |
3.26 |
|
4.47 |
|
3.44 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
3.92 |
times |
4.31 |
times |
4.23 |
times |
|
DAYS' SALES IN RECEIVABLES |
91.95 |
days |
83.52 |
days |
85.05 |
days |
|
INVENTORY TURNOVER |
3.02 |
times |
3.15 |
times |
2.72 |
times |
|
52.22 |
days |
35.61 |
days |
85.81 |
days |
|
|
RETURN ON ASSETS |
1.33 |
times |
1.10 |
times |
0.87 |
times |
|
SALES TURNOVER ON NET EQUIY |
2.75 |
times |
1.91 |
times |
1.47 |
times |
|
NET WORTH TIE-UP |
0.30 |
|
0.25 |
|
0.25 |
|
|
ENDEBTEDNESS |
1.06 |
|
0.73 |
|
0.69 |
|
|
EQUITY RATIO |
48.56 |
% |
57.66 |
% |
59.18 |
% |
|
WORKING CAPITAL RATIO |
225.69 |
% |
347.01 |
% |
243.79 |
% |
|
GENERAL SOLVENCY |
1.94 |
|
2.36 |
|
2.45 |
|
|
RETURN ON NET EQUITY |
53.14 |
% |
30.37 |
% |
12.94 |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
19.34 |
% |
15.92 |
% |
8.78 |
% |
|
GROSS PROFIT MARGIN |
63.33 |
% |
57.54 |
% |
52.49 |
% |
|
OPERATIONAL RESULT |
26.92 |
% |
22.38 |
% |
20.40 |
% |
|
SALES TURNOVER ON LIABILITIES |
6.69 |
times |
9.24 |
times |
5.49 |
times |
|
FOREIGN CURRENCY ON ASSETS |
- |
% |
- |
% |
- |
% |
|
FOREIGN CURRENCY ON LIABILITIES |
- |
% |
- |
% |
- |
% |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.28 |
|
UK Pound |
1 |
Rs.81.38 |
|
Euro |
1 |
Rs.67.01 |
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.