MIRA
INFORM REPORT
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Report Date : |
13.04.2013 |
IDENTIFICATION DETAILS
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Name : |
PHARMA EXPRESS OPERADORA LOGÍSTICA LTDA - EPP |
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Registered Office : |
Avenida Brasil Sul,4061 - Setor Sul Jamil Miguel 75124-820 - Anápolis/Go |
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Country : |
Brazil |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
16.07.2009 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Distribution of Packaging For Medicaments. |
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No. of Employees : |
11 |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 |
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Maximum Credit Limit: |
-- |
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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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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
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Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
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Brazil |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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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
PHARMA EXPRESS
OPERADORA LOGÍSTICA LTDA - EPP
ADDRESSES
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MAIN ADDRESS: |
AVENIDA BRASIL SUL,4061 - SETOR SUL JAMIL MIGUEL |
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ZIP CODE/CITY: |
75124-820 - ANÁPOLIS/GO |
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PHONE: |
62 3313-4525 |
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FAX: |
62 3313-4525 |
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E-MAIL: |
comercial@pharmexpress.com.br |
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WEB SITE: |
www.pharmexpress.com.br |
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BRANCHES: |
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NOT AVAILABLE. |
LEGAL DATA
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MAIN ACTIVITIES: |
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DISTRIBUTION OF PACKAGING FOR MEDICAMENTS. |
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LEGAL FORM: |
LIMITED
LIABILITY COMPANY |
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INCORPORATION DATE: |
16/07/2009 |
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REGISTER DATE: |
16/07/2009 |
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BALANCE SHEET FILING DATE: |
31/12 |
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TAX CONTRIBUTOR NUMBER(CNPJ): |
10.977.241/0001-49 |
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STATE REGISTER: |
10.452.919-9 |
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SHARE CAPITAL: |
R$ 550.000,00 |
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LAST REGISTER OF CAPITAL: |
06/11/2012 |
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BOARD OF
DIRECTORS: |
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WELLINGTON FERREIRA BRANQUINHO |
MANAGING PARTNER |
AUTHORIZED USE OF SIGNATURE
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THE MANAGING PARTNER IS AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
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SHAREHOLDERS /
PARTNERS: |
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WELLINGTON FERREIRA BRANQUINHO |
99% |
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OTEVALDO CANDIDO BRANQUINHO |
1% |
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AFFILIATES /
SUBSIDIARIES: |
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WBC PRESTAÇÃO DE SERVIÇOS LTDA ME |
99,00% |
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SEKOYA GROUP |
99,00% |
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GEON GRÁFICA |
50,00% |
COMPANY'S BACKGROUND
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THE SUBJECT WAS ESTABLISHED ON JULY 16, 2009 AS FARMA EXPRESS OPERADORA
LOGÍSTICA LTDA ME TO BE ENGAGED IN THE SAID LINE OF BUSINESS. ON APRIL 19,
2010 IT ADOPTED THE ABOVE-MENTIONED NAME. TRADE NAME: "PHARMA EXPRESS ". PARTNERS: WELLINGTON FERREIRA BRANQUINHO, BRAZILIAN, SINGLE, HOLDER OF
DOCUMENTS, CPF 695.495.401-20 AND RG 3.611.212 DGPC/GO, RESIDENTIAL ADDRESS
AT RUA 10, QD. 1,, LT. 3, BAIRRO JARDIM PETRÓPOLIS - ANÁPOLIS/GO; OTEVALDO CANDIDO BRANQUINHO, BRAZILIAN, MARRIED, HOLDER OF DOCUMENTS, CPF
015.062.421-20 AND RG 473.599-2ª VIA SSP/GO, RESIDENTIAL ADDRESS AT RUA 10,
QD. 1,, LT. 3, BAIRRO JARDIM PETRÓPOLIS - ANÁPOLIS/GO. FURTHER DETAILS ARE SO FAR NOT KNOWN. |
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PUBLIC
INFORMATION: |
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NO DETRIMENTAL FILES WERE FOUND. |
FINANCIAL INFORMATION
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GENERAL BALANCE SHEETS AS OF 31/12/2011. |
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( FIGURES ARE IN REAIS ). |
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ASSETS |
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CURRENT: |
31/12/2011 |
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CASH AND BANKS |
77.712,60 |
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CLIENTS |
152.690,13 |
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IMPORTS IN PROGRESS |
231.870,47 |
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ADVANCE TO SUPPLIERS |
315.189,42 |
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ADVANCE TO EMPLOYEES |
561,31 |
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INVENTORY |
1.394.383,08 |
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RECOVERABLE TAXES |
29.833,14 |
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PRE PAID EXPENSES |
12.634,00 |
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---------------- |
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TOTAL CURRENT ASSETS |
2.214.874,15 |
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FIXED ASSETS: |
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FIXED ASSETS |
151.509,49 |
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---------------- |
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TOTAL FIXED ASSETS |
151.509,49 |
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================ |
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TOTAL ASSETS |
2.366.383,64 |
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LIABILITIES: |
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CURRENT: |
31/12/2011 |
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LOANS AND FINANCING |
178.911,16 |
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SUPPLIERS |
250.102,86 |
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TRIBUTARY OBLIGATIONS |
50.553,99 |
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SOCIAL / LABOR OBLIGATIONS |
24.200,38 |
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ACCOUNTS PAYABLE |
447.470,67 |
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SALES FOR FUTURE DELIVERY |
871.619,80 |
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DEBT WITH PARTNERS |
567.315,08 |
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---------------- |
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TOTAL CURRENT LIABILITIES |
2.390.173,94 |
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NET EQUITY: |
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SHARE CAPITAL |
50.000,00 |
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ACCRUED PROFIT (LOSS) |
-73.790,30 |
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---------------- |
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TOTAL NET EQUITY |
-23.790,30 |
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================ |
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TOTAL LIABILITIES |
2.366.383,64 |
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PROFIT AND LOSS ACCOUNTS AS OF 31/12/2011. |
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( FIGURES ARE IN REAIS ). |
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31/12/2011 |
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GROSS SALES |
1.356.643,34 |
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(-) TAXES ON SALES |
258.590,72 |
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---------------- |
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NET SALES |
1.098.052,62 |
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(-) COST OF SOLD GOODS |
634.955,83 |
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---------------- |
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GROSS PROFIT |
463.096,79 |
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OPERATING REVENUE (EXPENSE) |
-517.622,75 |
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FINANCIAL REVENUE(EXPENSE) |
-18.916,18 |
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---------------- |
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OPERATIONAL PROFIT (LOSS) |
-73.442,14 |
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CONTRIBUTION/INCOME TAX |
-37.780,10 |
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---------------- |
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NET PROFIT (LOSS) |
-111.222,24 |
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MONTHLY SALES |
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2012 |
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--------------------- |
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JANUARY |
R$ 325.083,76 |
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FEBRUARY |
R$ 219.924,17 |
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MARCH |
R$ 233.681,36 |
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APRIL |
R$ 219.665,21 |
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MAY |
R$ 312.001,03 |
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JUNE |
R$ 128.827,26 |
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JULY |
R$ 193.819,24 |
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AUGUST |
R$ 194.361,14 |
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SEPTEMBER |
R$ 186.631,55 |
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OCTOBER |
R$ 174.416,71 |
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NOVEMBER |
R$ 197.774,66 |
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DECEMBER |
R$ 207.878,66 |
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TOTAL |
R$ 2.594.064,75 |
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RATIOS: |
31/12/2011 |
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QUICK RATIO |
,34 |
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CURRENT RATIO |
,93 |
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ACCOUNTS RECEIVABLE TURNOVER |
7,19 |
TIMES |
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DAYS' SALES IN RECEIVABLES |
50,06 |
DAYS |
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INVENTORY TURNOVER |
,46 |
TIMES |
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ACCOUNTS PAYABLE PERIOD |
141,80 |
DAYS |
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RETURN ON ASSETS |
,46 |
TIMES |
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SALES TURNOVER ON NET EQUITY |
-46,16 |
TIMES |
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NET WORTH TIE-UP |
-6,37 |
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INDEBTEDNESS |
-100,47 |
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EQUITY RATIO |
-1,01 |
% |
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WORKING CAPITAL RATIO |
-7,33 |
% |
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GENERAL SOLVENCY |
,99 |
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RETURN ON NET EQUITY |
467,51 |
% |
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RETURN ON SALES (PROFIT MARGIN) |
-10,13 |
% |
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GROSS PROFIT MARGIN |
42,17 |
% |
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OPERATIONAL RESULT |
-6,69 |
% |
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SALES TURNOVER ON LIABILITIES |
,46 |
TIMES |
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FOREIGN CURRENCY ON ASSETS |
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FOREIGN CURRENCY ON LIABILITIES |
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EXCHANGE RATE: |
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US$ 1,00 = R$ 1,98 |
- OFFICIAL RATE ON 10/04/2013 |
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US$ 1,00 = R$ 1,87 |
- OFFICIAL RATE ON 31/12/2011 |
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COMMENTS ON THE
FINANCIAL INFORMATION: |
|
FURTHER DETAILS ABOUT THE SUBJECT'S HISTORY IS SO FAR NOT KNOWN. THE FIGURES AVAILABLE SHOW AN UNBALANCED FINANCIAL STANDING. IT SHOWS
LOW LIQUIDITY RATIOS AND VERY HIGH LEVEL OF INDEBTEDNESS WITH NEGATIVE NET
EQUITY AS WELL AS NEGATIVE RESULTS. |
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REAL ESTATE: |
NOT AVAILABLE
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VEHICLES: |
NOT AVAILABLE
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MACHINES: |
NOT AVAILABLE
INSURANCE
|
NOT AVAILABLE. |
BANKING REFERENCES
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BRANCH/PHONE: |
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BANCO DO BRASIL S/A |
AG: 3485-1 / 62 3207-3200 |
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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
|
DISTRIBUTION OF PACKAGING FOR MEDICAMENTS. |
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IMPORT AND
EXPORT: |
IMPORTS FROM:
|
INDIA, CHINA AND AUSTRIA. TOTAL, US$ 1.000.000,00
(ANNUALLY) |
EXPORTS
TO:
|
NOT AVAILABLE. |
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MAIN CLIENTS: |
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DOMESTIC
CLIENTS: |
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ACHÉ |
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CIFARMA |
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EQUIPLEX INDUSTRIA FARMACÊUTICA |
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GEOLAB |
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NEO QUIMICA |
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TEUTO |
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STAFF: |
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THE COMPANY HAS: 11 EMPLOYEE(S) |
CONCEPT AND FULFILMENT
|
THE SUBJECT WAS
ESTABLISHED IN 2009. SO FAR IT HAS A CLEAR TRADE HISTORY AND MODEST PAYMENT
BEHAVIOR. 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. |
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MAIN SUPPLIERS: |
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DOMESTIC
SUPPLIERS: |
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BILCARE |
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CAETÉ EMBALAGENS |
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EMBALAGENS JAGUARÉ |
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GEON INDUSTRIA E COMERCIO LTDA |
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FOREIGN
SUPPLIERS: |
COUNTRY: |
|
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ACG PHARMAPACK PVT LTD |
INDIA |
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SHANDOG PHARMACEUTICAL GLASS CO LTD |
CHINA |
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STOLZLE OBERGLASS GMBH |
AUSTRIA |
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PAYMENT HISTORY: |
|
NO PAYMENT RECORD IS REGISTERED. |
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 UNFAVORABLE FINANCIAL SITUATION SHOWED IN
THE BALANCE SHEETS. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.44 |
|
|
1 |
Rs.83.77 |
|
Euro |
1 |
Rs.71.33 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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 |
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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.