MIRA INFORM REPORT

 

 

Report Date :

14.04.2012

 

IDENTIFICATION DETAILS

 

Name :

UCI FARMA INDÚSTRIA FARMACÊUTICA LTDA

 

 

Registered Office :

Rua Do Cruzeiro,374 - Vila Duzzi, 09725-310 - São Bernardo Do Campo/Sp

 

 

Country :

Brazil

 

 

Financials (as on) :

31.12.2008

 

 

Date of Incorporation :

10.01.1978

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Manufacture of Allopathic Medicines for Human Use

 

 

No. of Employees :

348

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

USD 300.000,00

Status :

Moderate

Payment Behaviour :

Unknown

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 30, 2011

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

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

 

UCI FARMA INDÚSTRIA FARMACÊUTICA LTDA

 

 

Company ADDRESSES

 

MAIN ADDRESS:

RUA DO CRUZEIRO,374 - VILA DUZZI

ZIP CODE/CITY:

09725-310 - SÃO BERNARDO DO CAMPO/SP

 

 

PHONE:

11 3165-7511

FAX:

11 4125-5253

E-MAIL:

pramuvi@uci-farma.com.br

WEB SITE:

www.uci-farma.com.br

 

BRANCHES:

 

 

 

ADDRESS:

AVENIDA BRIGADEIRO FARIA LIMA,3311 12º ANDAR - ITAIM BIBI

ZIP CODE/CITY:

04538-113 SÃO PAULO/SP

PHONE:

11 3165-7511

FAX:

11 3165-7511

 

 

LEGAL DATA

 

MAIN ACTIVITIES:

 

MANUFACTURE OF ALLOPATHIC MEDICINES FOR HUMAN USE.

 

LEGAL FORM:

LIMITED LIABILITY COMPANY

 

 

INCORPORATION DATE:

10/01/1978

REGISTER DATE:

10/01/1978

BALANCE SHEET FILING DATE:

31/12

TAX CONTRIBUTOR NUMBER(CNPJ):

48.396.378/0001-82

STATE REGISTER:

635.269.800.113

 

 

SHARE CAPITAL:

R$ 370.000,00

LAST REGISTER OF CAPITAL:

21/03/1994

 

BOARD OF DIRECTORS:

 

 

 

ELIZIO VEIGA GIRALDEZ

MANAGING PARTNER

 

 

AUTHORIZED USE OF SIGNATURE:

 

THE MANAGING PARTNER IS AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY.

 

SHAREHOLDERS / PARTNERS:

 

 

 

ELIZIO VEIGA GIRALDEZ

R$ 92.500,00

OTHERS

R$ 231.500,00

AIRTON RITONDARO SANCHEZ

R$ 46.000,00

 

AFFILIATES / SUBSIDIARIES:

 

 

 

PERCHINA PRODUTOS QUÍMICOS LTDA

100,00%

BEMASC EMPREENDIMENTOS E PARTICIPAÇÕES LTDA.

 

MIZRAIM PARTICIPAÇÕES LTDA.

 

BAURU - ALPHA PRESTACAO DE SERVICOS ADMINISTRATIVOS LTDA

 

GRIGA CONSTRUÇÕES E COMERCIO LTDA.

 

USAFARMA PRODUTOS FARMACEUTICOS LTDA.

 

PROMASA LABORATORIOS LTDA.

 

PRECIFARMA LABORATORIO FARMACEUTICO LTDA.

 

 

 

COMPANY'S BACKGROUND:

 

THE SUBJECT WAS ESTABLISHED IN 1978 AS LUCI - FARMA INDUSTRIA DE PRODUTOS FARMACÊUTICOS LTDA. TO BE ENGAGED IN THE SAID LINE OF BUSINESS. ON JANUARY 20, 1983 THE SUBJECT ADOPTED THE ABOVE MENTIONED NAME.

 

THE COMPANY OPERATES WITH THE TRADE NAME: UCI - FARMA.

 

PARTNERS:

 

ELIZIO VEIGA GIRALDEZ: BRAZILIAN, HOLDER OF DOCUMENTS CPF 45.879.447-15, RG 2651455, RESEDENTIAL ADDRESS AT AV. CHIBARAS 415, APTO 71 SÃO PAULO/SP.

 

AIRTON RITONDARO SANCHEZ: BRAZILIAN, HOLDER OF DOCUMENTS CPF 22.642.018-35, RG 108.692528, RESEDENTIAL ADDRESS AT RUA MATHIAS JOSE BINS 916, APTO 404, PORTO ALEGRE/RS.

 

ACCORDING TO MR. OSLVADO AND ANDREA, THERE IS A PROCEEDING UNDERGOING SINCE 2005, WHICH MAIN PURPOSE IS THE WITHDRAWAL OF THE PARTNERS OSVALDO MENDES CAETANO, PIETRO BENEDETTO MASCARO AND DIVA RITONDARO SANCHEZ FROM THE COMPANY'S BOARD. SUCH PROCEEDING IS STILL WAITING FOR THE JUDGE'S DECISION, THUS AT THE REGISTER OF COMPANIES THE SUBJECT'S PARTNERS ARE THOSE METIONED ABOVE. HOWEVER, UPON THE DECISION OF THE JUDGE, ACORDING TO THESES SOURCES AT THE COMPANY THE PARTNERSHIP WILL BE COMPRISED BY ONLY TWO PARTNERS WHICH ARE ELIZIO VEIGA GIRALDEZ AND AIRTON RITONDARO SANCHEZ, WHICH ARE THE SUBJECT'S CURRENT ADMINSTRATORS.

 

FURTHER DETAILS ARE SO FAR NOT KNOWN.

 

REMARKS:

--------

 

WHEN INTERVIEWED SOURCES AT THE SUBJECT STATED THAT ARE STILL WAITING FOR AUTHORIZATION FROM THE PRINCIPALS TO PROVIDE THE DATA NECESSARY TO COMPLETE THIS REPORT.

 

A REQUEST FOR FURTHER DATA HAS BEEN SENT TO THE COMPANY. PROVIDED THE DATA REQUESTED ARE RECEIVED FROM THE SUBJECT A COMPLEMENTARY REPORT WILL BE SENT TO YOUR ATTENTION.

 

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:

 

NO DETRIMENTAL FILES WERE FOUND.

 

 

FINANCIAL INFORMATION:

 

GENERAL BALANCE SHEETS AS OF 31/12/2008.

( FIGURES ARE IN REAIS ).

 

ASSETS

 

 

 

CURRENT:

31/12/2008

 

 

 

 

 

 

CASH

1.659.449,65

 

 

CLIENTS

6.442.826,53

 

 

INVENTORY

7.342.200,98

 

 

OTHER CREDITS

43.162,87

 

 

ADVANCES

574.655,54

 

 

RECOVERABLE TAXES

1.097.974,07

 

 

 

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

 

 

TOTAL CURRENT ASSETS

17.160.269,64

 

 

 

FIXED ASSETS:

 

 

 

 

 

 

 

FIXED ASSETS

1.412.256,51

 

 

INTANGIBLE

16.893.342,04

 

 

 

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

 

 

TOTAL FIXED ASSETS

18.305.598,55

 

 

 

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

 

 

TOTAL ASSETS

35.465.868,19

 

 

 

LIABILITIES:

 

 

 

CURRENT:

31/12/2008

 

 

 

 

 

 

SUPPLIERS

1.699.776,11

 

 

ACCOUNTS PAYABLE

5.723.526,05

 

 

TAXES & CONTRIBUTIONS

1.052.504,58

 

 

SOCIAL OBLIGATIONS

452.481,56

 

 

PROVISIONS/INCOME TAX

92.226,99

 

 

 

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

 

 

TOTAL CURRENT LIABILITIES

9.020.515,29

 

 

 

NET EQUITY:

 

 

 

 

 

 

 

SHARE CAPITAL

370.000,00

 

 

CAPITAL RESERVES

325.938,93

 

 

RESERVES

113.622,36

 

 

REVALUATION RESERVES

14.904.483,33

 

 

ACCRUED PROFIT (LOSS)

12.241.308,28

 

 

OTHER

-1.510.000,00

 

 

 

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

 

 

TOTAL NET EQUITY

26.445.352,90

 

 

 

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

 

 

TOTAL LIABILITIES

35.465.868,19

 

 

 

PROFIT AND LOSS ACCOUNTS AS OF 31/12/2008.

( FIGURES ARE IN REAIS ).

 

 

31/12/2008

 

 

 

 

 

 

GROSS SALES

60.987.952,42

 

 

(-) TAXES ON SALES

10.047.293,97

 

 

 

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

 

 

NET SALES

50.940.658,45

 

 

(-) COST OF SOLD GOODS

18.491.952,37

 

 

 

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

 

 

GROSS PROFIT

32.448.706,08

 

 

OPERATING REVENUE (EXPENSE)

-29.627.101,68

 

 

 

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

 

 

OPERATIONAL PROFIT (LOSS)

2.821.604,40

 

 

CONTRIBUTION/INCOME TAX

-1.056.660,89

 

 

 

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

 

 

NET PROFIT (LOSS)

1.764.943,51

 

 

 

MONTHLY SALES

 

  2009

 

 

 

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

 

 

JANUARY

R$ 4.016.634,94

 

 

FEBRUARY

R$ 4.003.498,11

 

 

MARCH

R$ 6.592.737,76

 

 

APRIL

R$ 5.030.023,34

 

 

MAY

R$ 5.536.543,56

 

 

JUNE

R$ 5.083.977,76

 

 

JULY

R$ 5.171.075,76

 

 

AUGUST

R$ 5.384.864,50

 

 

SEPTEMBER

R$ 5.993.066,18

 

 

OCTOBER

 

 

 

NOVEMBER

 

 

 

DECEMBER

 

 

 

TOTAL

R$ 46.812.421,91

 

 

 

RATIOS:

31/12/2008

 

 

 

QUICK RATIO

1,09

 

 

 

 

 

CURRENT RATIO

1,90

 

 

 

 

 

ACCOUNTS RECEIVABLE TURNOVER

7,91

TIMES

 

 

 

 

DAYS' SALES IN RECEIVABLES

45,53

DAYS

 

 

 

 

INVENTORY TURNOVER

2,52

TIMES

 

 

 

 

ACCOUNTS PAYABLE PERIOD

33,09

DAYS

 

 

 

 

RETURN ON ASSETS

1,44

TIMES

 

 

 

 

SALES TURNOVER ON NET EQUITY

1,93

TIMES

 

 

 

 

NET WORTH TIE-UP

,05

 

 

 

 

 

INDEBTEDNESS

,34

 

 

 

 

 

EQUITY RATIO

74,57

%

 

 

 

 

WORKING CAPITAL RATIO

90,24

%

 

 

 

 

GENERAL SOLVENCY

3,93

 

 

 

 

 

RETURN ON NET EQUITY

6,67

%

 

 

 

 

RETURN ON SALES (PROFIT MARGIN)

3,46

%

 

 

 

 

GROSS PROFIT MARGIN

63,70

%

 

 

 

 

OPERATIONAL RESULT

5,54

%

 

 

 

 

SALES TURNOVER ON LIABILITIES

5,65

TIMES

 

 

 

 

FOREIGN CURRENCY ON ASSETS

 

 

 

 

 

 

FOREIGN CURRENCY ON LIABILITIES

 

 

 

 

 

 

 

EXCHANGE RATE:

 

 

US$ 1,00 = R$ 1,83

 - OFFICIAL RATE ON 11/04/2012

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. IT IS NOTED HIGH LIQUIDITY RATIOS AND IMPORTANT WORKING CAPITAL, LOW LEVEL OF INDEBTEDNESS AS WELL AS GROWING SALES AND PROFITABLE RESULTS.

 

REAL ESTATE:

 

 NOT AVAILABLE

 

DETAIL OF OWNED REAL ESTATE:

 

TYPE:

OTHERS

VALUE:

R$ ,00

REMARKS:

THE PREMISES ARE OWNED. THE PREMISES COMPREHEND A PLANT A LABORATORY AND RELATED FACILITIES. TOTAL BUILD AREA IS 10.000 M2. THE ESTIMATE VALUE IS USD 5.000.000,00.

 

VEHICLES:

 

   OWNED VEHICLES ARE VALUED AT R$ 22.630,58

 

MACHINES:

 

   OWNED MACHINES AND EQUIPMENTS ARE VALUED AT R$ 2.797.195,58

 

 

INSURANCE:

 

NOT AVAILABLE.

 

 

BANKING REFERENCES:

 

 

BRANCH/PHONE:

 

BANCO BRADESCO S/A

11 4126-7000

 

BANCO DO BRASIL S/A

11 4337-7373

 

BANCO MERCANTIL DE SÃO PAULO S/A

11 5062-7811

 

 

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 OF ALLOPATHIC MEDICINES FOR HUMAN USE.

 

 

IMPORT AND EXPORT:

 

IMPORTS FROM:

INDIA, GERMANY, ITALY, SWITZERLAND, CHINA AND SPAIN.

 

   EXPORTS TO:

DOES NOT EXPORT.

 

MAIN CLIENTS:

 

 

 

 

 

DOMESTIC CLIENTS:

 

 

NOT AVAILABLE.

 

 

 

STAFF:

 

THE COMPANY HAS: 348 EMPLOYEE(S)

 

 

CONCEPT AND FULFILMENT:

 

THE SUBJECT IS A WELL-ESTABLISHED COMPANY, OPERATING SINCE 1978. SO FAR IT HAS A CLEAR TRADE HISTORY AND NORMAL PAYMENT BEHAVIOR.

 

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.

 

MAIN SUPPLIERS:

 

 

 

 

 

DOMESTIC SUPPLIERS:

 

PHONE:

ALLPLAS INDÚSTRIA E COM. PLAST. LTDA

 

11 4612-2233

CHEMYNION QUIMICA LTDA

 

11 2173-0109

MARCRON IND. GRAFICA LTDA

 

11 4392-8156

PALMARES ERVY COM. IMPORTADORA LTDA

 

11 4054-6400

PURIFARMA IND. COMERCIO LTDA

 

11 2272-5600

ROSET ARTES GRÁFICAS E EDITORA LTDA

 

11 5642-1944

VALDEQUIMICA PRODUTOS QUIMICOS LTDA

 

11 3721-6407

VEDAT TAMPAS HERMÉTICAS LTDA

 

11  494-4266

VITON BEM LTDA

 

11 5641-8224

WHEATON DO BRASIL IND. E COMÉRCIO LTDA

 

11 4351-4433

 

PAYMENT HISTORY:

 

2 SUPPLIERS REPORTED PAYMENTS:

   TOTAL AMOUNT:  R$ 6.307,00

 

AMOUNT OF INVOICES PAID: 2

TOTAL OF PROMPT PAYMENTS: 100%

HIGHEST INVOICE: R$ 4.679,00

HIGHEST CREDIT: R$ 4.679,00

 

 

FINAL OPINION:

 

THE SUBJECT IS A WELL-ESTABLISHED COMPANY IN BUSINESS FOR SEVERAL YEARS. UP TO DATE IT HAS A CLEAR TRADE HISTORY AND NORMAL PAYMENT PERFORMANCE.

 

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.

 

DESPITE THE ABSENCE OF UPDATED FINANCIAL DATA A CREDIT LIMIT OF USD 300.000,00 MAY BE CONSIDERED.

 

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.51.41

UK Pound

1

Rs.81.93

Euro

1

Rs.67.66

 

 

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.