MIRA INFORM REPORT

 

 

Report Date :

07.01.2012

 

IDENTIFICATION DETAILS

 

Name :

GLENMARK FARMACÊUTICA LTDA.

 

 

Registered Office :

Rua Frei Liberato De Gries,548 - Jardim Arpoador 05.572-210 - São Paulo/Sp

 

 

Country :

Brazil

 

 

Date of Incorporation :

26.08.1980

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Manufacture of chemicals and pharmaceuticals.

 

 

No. of Employees :

260

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

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 30, 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

 

GLENMARK FARMACÊUTICA LTDA.

 

 

ADDRESSES

 

MAIN ADDRESS:

RUA FREI LIBERATO DE GRIES,548 - JARDIM ARPOADOR

ZIP CODE/CITY:

05.572-210 - SÃO PAULO/SP

 

 

PHONE:

11 5504-2700

FAX:

11 5504-2700

E-MAIL:

marceloa@glenmarkpharma.com

 

BRANCHES:

 

 

 

ADDRESS:

RUA ASSAHY,33 - RUDGE RAMOS

ZIP CODE/CITY:

09633-010 SÃO BERNARDO DO CAMPO/SP

PHONE:

11 4366-8800

FAX:

11 4366-8800

CNPJ:

44.363.661/0003-19

STATE REGISTER:

635.550.369.116

 

 

ADDRESS:

RODOVIA D. PEDRO I, KMS,82 E 83, EDIFÍCIO B, MÓDULOS 03 E 04 - PONTE ALTA

ZIP CODE/CITY:

12952-260 ATIBAIA/SP

 

 

ADDRESS:

RUA EDGAR MARCHIORI,255 SETOR GLENMAR - DISTRITO INDUSTRIAL

ZIP CODE/CITY:

13280-000 VINHEDO/SP

 

 

LEGAL DATA

 

MAIN ACTIVITIES:

 

MANUFACTURE OF CHEMICALS AND PHARMACEUTICALS.

 

LEGAL FORM:

LIMITED LIABILITY COMPANY

 

 

INCORPORATION DATE:

26/08/1980

REGISTER DATE:

26/08/1980

BALANCE SHEET FILING DATE:

31/12

TAX CONTRIBUTOR NUMBER(CNPJ):

44.363.661/0001-57

STATE REGISTER:

149.692.175.110

 

 

SHARE CAPITAL:

R$ 232.412.056,00

 

BOARD OF DIRECTORS:

 

 

 

PAULO TADEU DE RESENDE

DIRECTOR

ALEXANDRE PIRES LUTTERBACH

DIRECTOR

ANGELICA NAVICKAS

FINANCIAL DIRECTOR

CARLOS GRZELAK JUNIOR

DIRECTOR

 

 

AUTHORIZED USE OF SIGNATURE

 

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

 

SHAREHOLDERS / PARTNERS:

 

 

 

GLENMARK HOLDING S.A (SWITZERLAND)

R$ 232.412.055,00

GLENMARK PHARMACEUTICALS S.A (SWITZERLAND)

R$ 1,00

 

AFFILIATES / SUBSIDIARIES:

 

 

 

GLENMARK GROUP

 

 

 

COMPANY'S BACKGROUND

 

THE SUBJECT WAS ESTABLISHED ON AUGUST 26, 1980 AS LABORATÓRIOS KLINGER DO BRASIL LTDA., TO BE ENGAGED IN THE SAID LINE OF BUSINESS.

 

ON JULY 13, 2005 TOOK OVER THE COMPANY GLENMARK FARMACÊUTICA LTDA., CNPJ 05.994.966/0001-05 AND ADOPTED THE ABOVE MENTIONED NAME.

 

 

PARTNERS:

 

GLENMARK HOLDINGS S.A.: HEADQUARTERED AT CHEMIN DE LA COMBETA, 5, CH 2300, LA CHAUX-DE-FONDS, REGISTRATION # NOT AVAILABLE;

 

GLENMARK HOLDINGS S.A.: HEADQUARTERED AT NEUCHATEL, SUIÇA, RUE DE LA MALADIERE 23, 2000, ND FLOOR, SWISSCOM BUILDING.

 

FURTHER DETAILS ARE SO FAR NOT KNOWN.

 

REMARKS:

--------

 

WHEN CONTACTING THE SUBJECT WE INTERVIEWED MR. MARCELO AMARAL, FINANCIAL DEPARTMENT, WHO INFORMED THAT WOULD NOT DISCLOSE ANY KIND OF INFORMATION UNLESS THE INQUIRING PARTY'S NAME WAS DISCLOSED.

 

IF IT IS POSSIBLE TO DISCLOSE THE NAME OF THE INTERESTED SUPPLIER OF THE SUBJECT, WE MAY RESUME OUR CONTACTS AND TRY TO OBTAIN FURTHER INFORMATION.

 

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

 

DUE TO THE SUBJECT'S LEGAL FORM, IT IS NOT OBLIGED TO PUBLISH THE BALANCE SHEET INFORMATION. WHEN INTERVIEWING SOURCES AT THE SUBJECT COMPANY DECLINED TO PROVIDE ANY KIND OF FINANCIAL INFORMATION AS THEY ARE STILL NOT AUTHORIZED TO DO SO.

 

OUR INVESTIGATION THROUGH THE OUTSIDE SOURCES SHOWED NO FINANCIAL DATA ABOUT THE SUBJECT.

 

EXCHANGE RATE:

 

 

US$ 1,00 = R$ 1,83

 - OFFICIAL RATE ON 05/01/2012

 

COMMENTS ON THE FINANCIAL INFORMATION:

 

IN THE ABSENCE OF FINANCIAL INFORMATION NO COMMENTS CAN BE MADE ABOUT THE SUBJECT’S CURRENT FINANCIAL STANDING.

 

REAL ESTATE:

 

   NOT AVAILABLE

 

VEHICLES:

 

   NOT AVAILABLE

 

MACHINES:

 

   NOT AVAILABLE

 

 

INSURANCE

 

NOT AVAILABLE.

 

BANKING REFERENCES

 

 

BRANCH/PHONE:

CITY:

BANCO BRADESCO S/A

3380-4 / 11 5508-3647

SÃO PAULO/SP

HSBC BANK BRASIL S/A

1852 / 11 3847-9678

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

 

MANUFACTURE, SALE, TRANSPORTATION, WHAREHOUSING, DISTRIBUTION, IMPORT AND EXPORT OF CHEMICAL AND PHARMACEUTICAL RAW MATERIALS, DIETARY PRODUCTS, HYGIENE ARTICLES, PRESERVATIVES, COSMETICS, FOOD PRODUCTS, PREPARED FEEDS AND FOOD COMPLEMENTS.

 

IMPORT AND EXPORT:

 

   IMPORTS FROM:

MEXICO, ARGENTINA, INDIA, GERMANY AND CHINA.

 

   EXPORTS TO:

INDIA AND MEXICO.

 

MAIN CLIENTS:

 

 

 

 

 

DOMESTIC CLIENTS:

 

 

NOT AVAILABLE

 

 

 

STAFF:

 

THE COMPANY HAS: 260 EMPLOYEE(S)

 

 

CONCEPT AND FULFILMENT

 

THE SUBJECT IS A WELL-ESTABLISHED COMPANY, OPERATING SINCE 1980. SO FAR IT HAS A CLEAR TRADE HISTORY AND NORMAL PAYMENT BEHAVIOUR.

 

THE COMPANY HAS TRADE RELATIONS WITH SOME LOCAL SUPPLIERS BUT UP TO DATE ONLY SMALL PAYMENTS WERE REPORTED AND THE SUBJECT IS NOT SAID TO BE USER OF TRADE CREDIT FACILITIES.

 

MAIN SUPPLIERS:

 

 

 

 

 

DOMESTIC SUPPLIERS:

 

PHONE:

ARTE PLASTICOS LTDA

 

21 2472-1515

BRONZEARTE INDUSTRIA E COMERCIO LTDA

 

 

GONÇALVES S/A.

 

11 4689-4700

J DIONISIO VEICULOS LTDA

 

 

LIBAN COMERCIO DE VEICULOS E PECAS LTDA

 

 

PEDRAGON AUTOS LTDA.

 

 

SIMPALA VEICULOS S.A.

 

 

SLOTER IND DE EMBALAGENS LTDA

 

11 4791-2020

 

PAYMENT HISTORY:

 

11 SUPPLIERS REPORTED PAYMENTS:

   TOTAL AMOUNT:  R$ 15.272,00

 

AMOUNT OF INVOICES PAID: 35

TOTAL OF PROMPT PAYMENTS: 89,6%

TOTAL OF DELAYED PAYMENTS: 10,4%

 

HIGHEST INVOICE: R$ 1.458,00

HIGHEST CREDIT: R$ 33.048,00

 

OUTSTANDING INVOICES DUE WITHIN THE NEXT 30 DAYS:

 

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

SUPPLIERS:

INVOICES:

TOTAL AMOUNT:

DUE WITHIN 30 DAYS

1

1

R$ 33.048,00

 

 

FINAL OPINION

 

BASED ON THE OVERALL DATA AVAILABLE THE SUBJECT MAY BE CONSIDERED FOR NORMAL BUSINESS COMMITMENTS. CREDIT FACILITIES HOWEVER SHOULD BE GRANTED ON FULLY SECURED TERMS ONLY DUE TO THE ABSENCE OF FINANCIAL DATA.

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.52.78

UK Pound

1

Rs.81.79

Euro

1

Rs.67.46

 

 

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.