MIRA
INFORM REPORT
|
Report Date : |
27.10.2012 |
IDENTIFICATION DETAILS
|
Name : |
SM EMPREENDIMENTOS FARMACÊUTICOS LTDA |
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Formerly Known As : |
FAGRON DO BRASIL FARMACEUTICA LTDA |
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Registered Office : |
Rua Jurupari, 775 779 E 803 - Jardim Oriental , Zip Code 04348-070 -
São Paulo/Sp |
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Country : |
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Financials (as on) : |
31.12.2008 |
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Date of Incorporation : |
25.06.1974 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Wholesaler of chemicals |
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No. of Employees : |
150 employees |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
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 |
Brazil - ECONOMIC OVERVIEW
Characterized by large and well-developed agricultural, mining,
manufacturing, and service sectors, Brazil's economy outweighs that of all
other South American countries, and Brazil is expanding its presence in world
markets. Since 2003, Brazil has steadily improved its macroeconomic stability,
building up foreign reserves, and reducing its debt profile by shifting its
debt burden toward real denominated and domestically held instruments. In 2008,
Brazil became a net external creditor and two ratings agencies awarded
investment grade status to its debt. After strong growth in 2007 and 2008, the
onset of the global financial crisis hit Brazil in 2008. Brazil experienced two
quarters of recession, as global demand for Brazil's commodity-based exports
dwindled and external credit dried up. However, Brazil was one of the first
emerging markets to begin a recovery. In 2010, consumer and investor confidence
revived and GDP growth reached 7.5%, the highest growth rate in the past 25
years. Rising inflation led the authorities to take measures to cool the
economy; these actions and the deteriorating international economic situation
slowed growth to 2.7% for 2011 as a whole, though forecasts for 2012 growth are
somewhat higher. Despite slower growth in 2011, Brazil overtook the United
Kingdom as the world's seventh largest economy in terms of GDP. Urban
unemployment is at the historic low of 4.7% (December 2011), and Brazil's
traditionally high level of income equality has declined for each of the last
12 years. Brazil's high interest rates make it an attractive destination for
foreign investors. Large capital inflows over the past several years have
contributed to the appreciation of the currency, hurting the competitiveness of
Brazilian manufacturing and leading the government to intervene in foreign
exchanges markets and raise taxes on some foreign capital inflows. President
Dilma ROUSSEFF has retained the previous administration's commitment to
inflation targeting by the central bank, a floating exchange rate, and fiscal
restraint.
|
Source : CIA |
Company name
SM EMPREENDIMENTOS
FARMACÊUTICOS LTDA
company ADDRESSES
|
MAIN ADDRESS: |
RUA JURUPARI, 775 779 E 803 - JARDIM ORIENTAL |
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ZIP CODE/CITY: |
04348-070 - SÃO PAULO/SP |
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PHONE: |
11 5033-3700 |
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FAX: |
11 5033-3700 |
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E-MAIL: |
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WEB SITE: |
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BRANCHES: |
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ADDRESS: |
RUA LABATUT, 403 PARTE - IPIRANGA |
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ZIP CODE/CITY: |
04214-000 SÃO PAULO/SP |
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ADDRESS: |
AVENIDA DR. HUGO BEOLCHI, 445 14º ANDAR - CONCEIÇÃO |
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ZIP CODE/CITY: |
04310-030 SÃO PAULO/SP |
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ADDRESS: |
RUA JOSE MARINO FILHO, 200 |
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ZIP CODE/CITY: |
04347-180 SÃO PAULO/SP |
LEGAL DATA
|
MAIN ACTIVITIES: |
|
WHOLESALE OF CHEMICALS |
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LEGAL FORM: |
LIMITED
LIABILITY COMPANY |
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INCORPORATION DATE: |
25/06/1974 |
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REGISTER DATE: |
25/06/1974 |
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BALANCE SHEET FILING DATE: |
31/12 |
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TAX CONTRIBUTOR NUMBER(CNPJ): |
44.015.477/0001-16 |
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STATE REGISTER: |
109.235.767.110 |
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SHARE CAPITAL: |
R$ 8.475.000,00 |
|
BOARD OF
DIRECTORS: |
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|
|
|
RAFAEL PADILLA PAPACEIT |
MANAGING PARTNER |
AUTHORIZED USE OF
SIGNATURE
|
THE MANAGING PARTNER IS AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
|
SHAREHOLDERS /
PARTNERS: |
|
|
|
|
|
FAGRON EMPREENDIMENTOS E PARTICIPAÇÕES LTDA |
R$ 8.474.943,50 |
|
RAFAEL PADILLA PAPACEIT |
R$ 56,50 |
|
AFFILIATES /
SUBSIDIARIES: |
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|
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FAGRON GROUP |
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COMPANY'S BACKGROUND
|
THE SUBJECT WAS ESTABLISHED ON JUNE 25, 1974 AS DEG IMPORTAÇÃO DE
PRODUTOS QUIMICOS LTDA. TO BE ENGAGED IN THE SAID LINE OF BUSINESS. ON JANUARY
26, 2012 IT ALTERED TO FAGRON DO BRASIL FARMACEUTICA LTDA. ON AUGUST 08, 2012
IT ADOPTED THE ABOVE MENTIONED NAME AND UP TO DATE IT IS STILL OPERATING
WITHIN THE GENERAL SCENE REPORTED HEREIN. PARTNERS: RAFAEL PADILLA PAPACEIT: SPANISH, MARRIED, HOLDER OF DOCUMENTS RNE #
V729693-X AND CPF # 234.691.188-76, RESIDENTIAL ADDRESS AT RUA REVERENDO
MIGUEL RIZZO JUNIOR, 35, CASA 02, MORUMBI, ZIP CODE 05655-100, SÃO PAULO/SP. FAGRON EMPREENDIMENTOS E PARTICIPAÇÕES LTDA: HEADQUARTERED AT RUA
JURUPARI, 775/779 E 803, JARDIM ORIENTAL, ZIP CODE 04348-070, SÃO PAULO/SP,
TAXPAYER'S REGISTRATION UNDER 12.846.425/0001-03, REGISTERED AT THE STATE OF
SÃO PAULO NOTARY OFFICE UNDER # NIRE 35.224.888.284. 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 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. OUTSIDE SOURCES CONTACTED SHOWED THE FOLLOWING FINANCIAL DATA ABOUT
THIS COMPANY. NO MORE UPDATE OR COMPLETE IS AVAILABLE. |
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GENERAL BALANCE SHEETS AS OF 31/12/2008. |
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( FIGURES ARE IN REAIS ). |
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ASSETS |
|
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CURRENT: |
31/12/2008 |
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|
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|
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CASH AND BANKS |
143.653,67 |
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|
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INVENTORY |
9.704.288,62 |
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|
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RECOVERABLE TAXES |
205.562,31 |
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ADVANCES |
247.911,29 |
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|
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ACCOUNTS RECEIVABLE |
53.985,85 |
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|
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CLIENTS |
2.270.386,33 |
|
|
|
|
---------------- |
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TOTAL CURRENT ASSETS |
12.625.788,07 |
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FIXED ASSETS: |
|
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|
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|
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FIXED ASSETS |
6.810.411,24 |
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---------------- |
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TOTAL FIXED ASSETS |
6.810.411,24 |
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================ |
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TOTAL ASSETS |
19.436.199,31 |
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LIABILITIES: |
|
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CURRENT: |
31/12/2008 |
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|
|
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SUPPLIERS |
7.993.924,76 |
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LOANS AND FINANCING |
848.896,82 |
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SALARY, TAXES & CONTRIB. |
197.027,80 |
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TAXES & CONTRIBUTIONS |
825.665,72 |
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PROVISIONS |
464.626,52 |
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ACCOUNTS PAYABLE |
111.874,39 |
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SOCIAL OBLIGATIONS |
127.539,89 |
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|
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---------------- |
|
|
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TOTAL CURRENT LIABILITIES |
10.569.555,90 |
|
|
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LONG TERM
LIABILITIES: |
|
|
|
|
|
|
|
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LOANS AND FINANCING |
392.303,91 |
|
|
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SUPPLIERS |
2.238.456,28 |
|
|
|
|
---------------- |
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|
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TOTAL LONG TERM LIABILITIES |
2.630.760,19 |
|
|
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NET EQUITY: |
|
|
|
|
|
|
|
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SHARE CAPITAL |
1.500.000,00 |
|
|
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ACCRUED PROFIT (LOSS) |
-277.561,78 |
|
|
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PROFIT (LOSS) OF PERIOD |
5.013.445,00 |
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|
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---------------- |
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TOTAL NET EQUITY |
6.235.883,22 |
|
|
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================ |
|
|
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TOTAL LIABILITIES |
19.436.199,31 |
|
|
|
PROFIT AND LOSS ACCOUNTS AS OF 31/12/2008. |
|
( FIGURES ARE IN REAIS ). |
|
|
31/12/2008 |
|
|
|
|
|
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GROSS SALES |
60.433.611,03 |
|
|
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(-) TAXES ON SALES |
11.210.728,17 |
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---------------- |
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NET SALES |
49.222.882,86 |
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|
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(-) COST OF SOLD GOODS |
27.579.098,54 |
|
|
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---------------- |
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GROSS PROFIT |
21.643.784,32 |
|
|
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OPERATING REVENUE (EXPENSE) |
-12.496.793,69 |
|
|
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FINANCIAL REVENUE(EXPENSE) |
-1.371.924,32 |
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|
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|
---------------- |
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OPERATIONAL PROFIT (LOSS) |
7.775.066,31 |
|
|
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NON-OPERATING RESULT |
-144.992,78 |
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|
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CONTRIBUTION/INCOME TAX |
-2.616.628,53 |
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|
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|
---------------- |
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NET PROFIT (LOSS) |
5.013.445,00 |
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MONTHLY SALES |
|||
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|
2009 |
|
|
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|
--------------------- |
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JANUARY |
R$ 6.071.445,76 |
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FEBRUARY |
R$ 5.032.786,07 |
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|
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MARCH |
R$ 6.711.965,27 |
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|
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APRIL |
R$ 6.056.653,84 |
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|
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MAY |
R$ 6.188.719,68 |
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JUNE |
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JULY |
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AUGUST |
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SEPTEMBER |
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OCTOBER |
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NOVEMBER |
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DECEMBER |
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TOTAL |
R$ 30.061.570,62 |
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|
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RATIOS: |
31/12/2008 |
|
|
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QUICK RATIO |
,28 |
|
|
|
|
|
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CURRENT RATIO |
1,19 |
|
|
|
|
|
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ACCOUNTS RECEIVABLE TURNOVER |
21,68 |
TIMES |
|
|
|
|
|
DAYS' SALES IN RECEIVABLES |
16,60 |
DAYS |
|
|
|
|
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INVENTORY TURNOVER |
2,84 |
TIMES |
|
|
|
|
|
ACCOUNTS PAYABLE PERIOD |
104,35 |
DAYS |
|
|
|
|
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RETURN ON ASSETS |
2,53 |
TIMES |
|
|
|
|
|
SALES TURNOVER ON NET EQUITY |
7,89 |
TIMES |
|
|
|
|
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NET WORTH TIE-UP |
1,09 |
|
|
|
|
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INDEBTEDNESS |
2,12 |
|
|
|
|
|
|
EQUITY RATIO |
32,08 |
% |
|
|
|
|
|
WORKING CAPITAL RATIO |
19,45 |
% |
|
|
|
|
|
GENERAL SOLVENCY |
1,47 |
|
|
|
|
|
|
RETURN ON NET EQUITY |
80,40 |
% |
|
|
|
|
|
RETURN ON SALES (PROFIT MARGIN) |
10,19 |
% |
|
|
|
|
|
GROSS PROFIT MARGIN |
43,97 |
% |
|
|
|
|
|
OPERATIONAL RESULT |
15,80 |
% |
|
|
|
|
|
SALES TURNOVER ON LIABILITIES |
4,66 |
TIMES |
|
|
|
|
|
FOREIGN CURRENCY ON ASSETS |
|
|
|
|
|
|
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FOREIGN CURRENCY ON LIABILITIES |
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EXCHANGE RATE: |
|
|
US$ 1,00 = R$ 2,02 |
- OFFICIAL RATE ON 24/10/2012 |
|
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 SATISFACTORY FINANCIAL STANDING. THE
LEVEL OF INDEBTEDNESS REMAINS HIGH BUT IT HAS NORMAL CURRENT RATIO AND
POSITIVE WORKING CAPITAL. IN ADDITION, IT SHOWS HIGH SALES VOLUME AND GOOD
PROFITABILITY. REMARK: THE COMPANY DECLINED TO DISCLOSE UPDATED FINANCIAL DATA. |
|
REAL ESTATE: |
OWNED PREMISES ARE VALUED AT R$ 205.000,00
|
VEHICLES: |
OWNED VEHICLES ARE VALUED AT R$ 120.501,65
|
MACHINES: |
OWNED MACHINES AND EQUIPMENTS ARE VALUED AT R$ 112.819,42
INSURANCE
|
INSURANCE COMPANY: |
CIA. SEGUROS ALIANÇA DO BRASIL |
|
COVERAGE: |
FIRE |
|
|
|
|
INSURANCE COMPANY: |
PORTO SEGURO CIA. DE SEGUROS GERAIS |
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COVERAGE: |
VEHICLES |
|
|
|
|
INSURANCE COMPANY: |
ROYAL & SUN ALIANCE CIA SEGUROS |
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COVERAGE: |
DOMESTIC TRANSPORTATION |
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EXPIRATION: |
UNDETERMINED |
BANKING REFERENCES
|
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BRANCH/PHONE: |
CITY: |
|
BANCO BRADESCO S/A |
3392-8 (11 5069-4300) |
SÃO PAULO/SP |
|
BANCO DO BRASIL S/A |
3347-2 (11 5054-5454) |
SÃO PAULO/SP |
|
BANCO SANTANDER (BRASIL) S/A |
1771 |
|
|
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 IMPORT AND WHOLESALE OF CHEMICAL
PRODUCTS. |
|
IMPORT AND
EXPORT: |
IMPORTS FROM:
|
GERMANY, ARGENTINA, INDIA, KOREA, U.S.A., CHINA, SWITZERLAND, ITALY, JAPAN,
HOLLAND AND DENMARK. THE EXACT IMPORT AMOUNT WAS NOT GIVEN BUT SOURCES AT THE
COMPANY STATED THAT IMPORTS REPRESENT OVER 50% OF THE TOTAL PURCHASES |
EXPORTS TO:
|
PARAGUAY AND MEXICO. |
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MAIN CLIENTS: |
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DOMESTIC
CLIENTS: |
CITY: |
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FARMACIA BIOFORMULA IMPORTAÇÃO E EXPORTAÇÃO LTDA |
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|
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FARMACIA BUENOS AIRES LTDA |
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FARMACIA CIENTIFICA LTDA |
SÃO PAULO/SP |
|
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FARMACIA ESSENCIAL LTDA |
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FARMACIA MANIFARMA LTDA |
SÃO PAULO/SP |
|
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FARMACIA MOVIMOTO LTDA |
SALVADOR/BA |
|
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HOPITAL DAS CLINICAS |
SÃO PAULO/SP |
|
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NATURAL PHARMA PROD. FARMACÊUTICOS LTDA |
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O FUMULARIO FARMACIA DE MANIPULAÇÃO LTDA |
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PHARMACIA ESENCIAL LTDA ME |
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QUANTA FARMACIA DE MANIPULAÇÕES LTDA |
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STAFF: |
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THE COMPANY HAS: 150 EMPLOYEE(S) |
CONCEPT AND FULFILMENT
|
THE SUBJECT IS AN OLD-ESTABLISHED COMPANY OPERATING SINCE 1974 WITH A
CLEAR TRADE HISTORY. IT IS FAMILY OWNED AND BOTH THE COMPANY AND THE PRINCIPALS
ENJOY A FAVORABLE REPUTATION AMONG LOCAL TRADE SOURCES INVESTIGATED. 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: |
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|
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DOMESTIC
SUPPLIERS: |
CITY: |
PHONE: |
|
AB FARMO QUIMICA LTDA |
ANÁPOLIS/GO |
62 316-3420 |
|
AUROBINDO PHARMA PROD FARMAC LTDA |
ANÁPOLIS/GO |
11 2161-0821 |
|
BASF S/A |
SÃO BERNARDO DO CAMPO/SP |
11 4343-3341 |
|
BERACA SEBARA QUIM INGREDIENTES LTDA |
SANTA BARBARA D OESTE/SP |
19 3455-8900 |
|
CARDINAL HEALTH BRASIL 402 LTDA |
SOROCABA/SP |
15 3235-3501 |
|
CATALENTE BRASIL LTDA |
|
15 3235-3501 |
|
CHEMSPECS COMÉRCIO REPRESENTAÇÕES LTDA |
SÃO PAULO/SP |
11 3392-1455 |
|
CHEMYUNION QUIMICA LTDA |
SOROCABA/SP |
11 2173-0103 |
|
COLBRAS INDÚSTRIA E COMERCIO LTDA |
COTIA/SP |
11 3405-5856 |
|
DUPONT CIPATEX S/A |
CERQUILHO/SP |
11 4166-8538 |
|
GLOBE QUIMICA LTDA |
COSMÓPOLIS/SP |
19 3872-8743 |
|
INDUKERN DO BRASIL QUIMICA LTDA. |
|
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INDÚSTRIA QUIMICA ANASTACIO S/A |
SÃO PAULO/SP |
11 2133-6600 |
|
IQ SOLUÇÕES & QUIMICAS S/A |
SÃO PAULO/SP |
11 2195-9067 |
|
ISP DO BRASIL LTDA |
SÃO PAULO/SP |
11 3649-0476 |
|
LABORATÓRIOS PFIZER LTDA |
RIO DE JANEIRO/RJ |
21 2432-5167 |
|
LIBBS FARMACÊUTICA LTDA |
SÃO PAULO/SP |
11 3879-2500 |
|
LUBRIZOL DO BRASIL ADITIVOS LTDA |
RIO DE JANEIRO/RJ |
21 2762-5800 |
|
M CASSAB COM E INDUSTRIA LTDA |
SÃO PAULO/SP |
11 2162-7788 |
|
MAPRIC PRODS FARMACOSMÉTICOS LTDA ME |
SÃO PAULO/SP |
11 5061-5282 |
|
MERCK S/A INDS QUIMICAS |
COTIA/SP |
11 3346-8575 |
|
QUIMER COMERCIAL LTDA |
SÃO PAULO/SP |
11 2955-8800 |
|
ROUSSELOT GALETINAS DO BRASIL S/A |
AMPARO/SP |
19 3907-9003 |
|
SANRISIL S/A IMP EXPORTAÇÃO |
ITAQUAQUECETUBA/SP |
11 2161-0606 |
|
SANTOSFLORA COM DE ERVAS LTDA |
SÃO PAULO/SP |
11 6191-8787 |
|
TECNOCART EMBALAGENS LTDA |
DIADEMA/SP |
11 4056-2566 |
|
VALDEQUIMICA PRODUTOS QUIMICOS LTDA |
SÃO PAULO/SP |
11 3722-3738 |
|
FOREIGN
SUPPLIERS: |
COUNTRY: |
PHONE: |
|
AARTI DRUGS LIMITED |
INDIA |
|
|
BIESTERFELD SIEMSGLUSS INTERN. GMBH |
GERMANY |
|
|
CHANGZHOU COMWIN FINE CHEMICAL CO. |
CHINA |
|
|
CORNELIUS PHARMACEUTICALS PVT LTD |
INDIA |
+91-40-23754482 |
|
DIVIS PHARMACEUTICALS PVT LTD. |
INDIA |
|
|
FERRO IM UND EXPORT GMBH |
GERMANY |
+ 49- 40- 3068680 |
|
G & F HANSE BIOPHARMA GMBH |
GERMANY |
|
|
IFFECT CHEMPHAR CO. LTD |
CHINA |
+86- 755-83741596 |
|
IPCA LABORATORIES LIMITED |
INDIA |
91-22 28686097 |
|
IPCA LABORATORIES LIMITED |
INDIA |
|
|
LEE PHARMA PVT LTD. |
INDIA |
|
|
NINGBO FREE TRADE ZONE PANGS INT`L |
CHINA |
|
|
RHENOCHEM AG |
SWISS |
|
|
RICERA AMERICAN CORPORAITON |
USA |
+ 1-727-865-1101 |
|
SINOCHEM NINGBO LTD |
CHINA |
+86- 574-87260165 |
|
SUNJI TRADING COMPANY |
CHINA |
+86- 755-25566479 |
|
TIANJIN TIANMAO TECHNOLOGY DEVELOPMENT CORP. LTD |
CHINA |
+86-22-23709100 |
|
TRICON ENTERPRISES PVT. LTD. |
INDIA |
|
|
WHITE INTERNATIONAL LIMITED |
UNITE KINGDOM |
|
|
XI`AN HIGH-TECH INDUSTRIES CO. LTD. |
CHINA |
|
|
PAYMENT HISTORY: |
|
05 SUPPLIERS REPORTED PAYMENTS: |
|
TOTAL AMOUNT: R$ 111.049,00 |
|
|
|
AMOUNT OF INVOICES PAID: 40 |
|
TOTAL OF PROMPT PAYMENTS: 72,4% |
|
TOTAL OF DELAYED PAYMENTS: 27,6% |
|
|
|
HIGHEST INVOICE: R$ 28.096,00 |
|
HIGHEST CREDIT: R$ 28.096,00 |
|
|
FINAL OPINION
|
THE CONCERN IS AN OLD-ESTABLISHED COMPANY, IN BUSINESS SINCE 1974. SO FAR
NO COMPLAINT HAS BEEN HEARD AGAINST IT, WHAT SHOWS SUBJECT FULFILLS ITS TRADE
COMMITMENTS PROPERLY. 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. |
|
SM EMPREENDIMENTOS FARMACÊUTICOS LTDA |
|
|
|
BALANCE SHEET ANALYSIS |
FIGURES ARE IN REAIS |
|
|
|
31/12/2008 |
|
|
ASSETS |
|
% |
|
Current Assets |
64.96 |
|
|
Fixed Assets |
$ 6,810,411 |
35.04 |
|
TOTAL ASSETS |
$ 19,436,199 |
100.00 |
|
LIABILITIES |
|
|
|
Current Liabilities |
$ 10,569,556 |
54.38 |
|
Long-Term Liabilities |
$ 2,630,760 |
13.54 |
|
TOTAL LIABILITIES |
$ 13,200,316 |
67.92 |
|
Deferred Income |
$ - |
0.00 |
|
Net Equity |
$ 6,235,883 |
32.08 |
|
TOTAL LIABILITIES + NET EQUITY |
$ 19,436,199 |
100.00 |
|
PROFIT AND LOSS ACCOUNTS |
|
|
|
Net Sales |
$ 49,222,883 |
100.00 |
|
Costs |
$ 27,579,099 |
56.03 |
|
Gross Profit |
$ 21,643,784 |
43.97 |
|
Operating expenses |
$ (12,496,794) |
-25.39 |
|
operational Result |
$ 7,775,066 |
15.80 |
|
Net Profit (loss) |
$ 5,013,445 |
10.19 |
|
COMPLEMENTARY DATA |
|
|
|
Inventory |
$ 9,704,289 |
|
|
Accounts receivable |
$ 2,270,386 |
|
|
Accounts Payable |
$ 7,993,925 |
|
|
Property, plant and equipment |
$ 6,810,411 |
|
|
Purchases |
$ 6,810,411 |
|
|
Financial Expenses |
$ (1,371,924) |
|
|
Foreign Currency Assets |
|
|
|
Foreign Currency Liabilities |
|
|
|
Working Capital |
$ 2,056,232 |
|
|
RATIOS: |
|
|
|
QUICK RATIO |
0.28 |
|
|
CURRENT RATIO |
1.19 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
21.68 |
times |
|
DAYS' SALES IN RECEIVABLES |
16.60 |
days |
|
INVENTORY TURNOVER |
2.84 |
times |
|
104.35 |
days |
|
|
RETURN ON ASSETS |
2.53 |
times |
|
SALES TURNOVER ON NET EQUIY |
7.89 |
times |
|
NET WORTH TIE-UP |
1.09 |
|
|
ENDEBTEDNESS |
2.12 |
|
|
EQUITY RATIO |
32.08 |
% |
|
WORKING CAPITAL RATIO |
19.45 |
% |
|
GENERAL SOLVENCY |
1.47 |
|
|
RETURN ON NET EQUITY |
80.40 |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
10.19 |
% |
|
GROSS PROFIT MARGIN |
43.97 |
% |
|
OPERATIONAL RESULT |
15.80 |
% |
|
SALES TURNOVER ON LIABILITIES |
4.66 |
times |
|
FOREIGN CURRENCY ON ASSETS |
- |
% |
|
FOREIGN CURRENCY ON LIABILITIES |
- |
% |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.63 |
|
UK Pound |
1 |
Rs.86.18 |
|
Euro |
1 |
Rs.69.75 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.