|
Report Date : |
11.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
VITAPAN INDÚSTRIA FARMACÊUTICA LTDA |
|
|
|
|
Registered Office : |
Vpr 1, Quadra 2a, Módulo,1 – Daia 75132-020 - Anápolis/Go |
|
|
|
|
Country : |
Brazil |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
02.09.1977 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacturing and Trade of Pharmaceutical Products for Human Usage. |
|
|
|
|
No. of Employees : |
280 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Brazil |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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 |
VITAPAN INDÚSTRIA
FARMACÊUTICA LTDA
|
MAIN ADDRESS: |
VPR 1, QUADRA 2A, MÓDULO,1 - DAIA |
|
ZIP CODE/CITY: |
75132-020 - ANÁPOLIS/GO |
|
|
|
|
PHONE: |
62 3902-6100 |
|
FAX: |
62 3902-6129 |
|
E-MAIL: |
gsuprimentos@vitapan.com.br / suprimentos@vitapan.com.br |
|
WEB SITE: |
www.vitapan.com.br |
|
BRANCHES: |
NOT AVAILABLE.
|
MAIN ACTIVITIES: |
|
PHARMACEUTICAL INDUSTRY. |
|
LEGAL FORM: |
LIMITED
LIABILITY COMPANY |
|
|
|
|
INCORPORATION DATE: |
02/09/1977 |
|
REGISTER DATE: |
02/09/1977 |
|
BALANCE SHEET FILING DATE: |
31/12 |
|
TAX CONTRIBUTOR NUMBER(CNPJ): |
30.222.814/0001-31 |
|
STATE REGISTER: |
10.197.801-4 |
|
|
|
|
SHARE CAPITAL: |
R$ 5.200.000,00 |
|
BOARD OF DIRECTORS:
|
|
|
|
|
|
ANDREA APRIGIO DE SOUZA |
MANAGER |
|
ADRIANO APRIGIO DE SOUZA |
MANAGER |
|
THE MANAGERS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
|
SHAREHOLDERS /
PARTNERS: |
|
|
|
|
|
ANDREA APRIGIO DE SOUZA |
95,0% |
|
ADRIANO APRIGIO DE SOUZA |
5,00% |
|
AFFILIATES /
SUBSIDIARIES: |
|
|
|
|
|
APRIGIO CONSTRUTORA E INCORPORADORA LTDA |
|
|
ICF - INST. DE CIÊNCIAS FARMAC. DE ESTUDOS E PESQUISAS LTDA |
|
|
REDE BRASILTUR DE TELEVISÃO LTDA |
|
|
RÁDIO GOIÁS SUL FM LTDA ME |
|
THE SUBJECT WAS ESTABLISHED ON SEPTEMBER 02, 1977 AS INSTITUTO
TERAPÊUTICO VITAPAN LTDA TO BE ENGAGED IN THE SAID LINE OF BUSINESS. ON SEPTEMBER
10, 1991 IT ADOPTED THE ABOVE-MENTIONED NAME.
THE COMPANY OPERATES WITH THE TRADE NAME OF "VITAPAN"
PARTNERS:
ADRIANO APRIGIO DE SOUZA, BRAZILIAN, MARRIED, HOLDER OF DOCUMENTS, RG 2.640.123
SSP/GO E CPF 498.273.161-68, RESIDENTIAL ADDRESS AT RUA JOSÉ RODRIGUES, QUADRA
48, LOTE 12, APART. 1.602, EDIFÍCIO RESIDENCIAL FIRENZE, BAIRRO JUNDIAÍ -
ANÁPOLIS/GO;
ANDRÉA APRIGIO DE SOUZA, BRAZILIAN, MARRIED, HOLDER OF DOCUMENTS, RG
2.874.239 SSP/GO E CPF 644.628.971-53, RESIDENTIAL ADDRESS AT AVENIDA 136, Nº
555, APART. 500, EDIFÍCIO RESIDENCIAL EXCALIBUR, SETOR MARISTA - GOIÂNIA/GO.
FURTHER DETAILS ARE SO FAR NOT KNOWN.
PUBLIC
INFORMATION:
NO DETRIMENTAL FILES WERE FOUND.
|
GENERAL BALANCE
SHEETS AS OF 31/12/2011, 31/12/2010 AND 31/12/2009. |
|
( FIGURES ARE IN
REAIS ). |
|
ASSETS |
|
|
|
|
CURRENT: |
31/12/2011 |
31/12/2010 |
31/12/2009 |
|
|
|
|
|
|
CASH AND BANKS |
940.969,24 |
43.910,00 |
31.750,00 |
|
CLIENTS |
6.129.896,57 |
6.100.843,00 |
5.398.061,00 |
|
OTHER CREDITS |
23.068,75 |
24.881,00 |
32.165,00 |
|
ADVANCE TO SUPPLIERS |
679.450,79 |
446.342,00 |
550.064,00 |
|
RECOVERABLE TAXES |
151.178,89 |
83.666,00 |
155.599,00 |
|
INVENTORY |
2.391.741,18 |
2.511.181,00 |
3.084.739,00 |
|
PRE PAID EXPENSES |
66.844,20 |
30.498,00 |
76.973,00 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT ASSETS |
10.383.149,62 |
9.241.321,00 |
9.329.351,00 |
|
LONG-TERM
RECEIVABLES: |
|
|
|
|
|
|
|
|
|
TAX BENEFITS |
|
10.360,00 |
9.173,00 |
|
RECOVERABLE TAXES |
47.697,27 |
22.887,00 |
34.849,00 |
|
JUDICIAL DEPOSITS |
|
60.783,00 |
70.758,00 |
|
MUTUAL CONTRACT |
|
155.021,00 |
|
|
OTHER CREDITS |
103.078,35 |
75.000,00 |
65.000,00 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG-TERM RECEIVABLES |
150.775,62 |
324.051,00 |
179.780,00 |
|
FIXED ASSETS: |
|
|
|
|
|
|
|
|
|
INVESTMENTS |
1.070,70 |
1.071,00 |
1.071,00 |
|
FIXED ASSETS |
7.605.145,76 |
6.983.009,00 |
7.570.482,00 |
|
DEFERRED |
|
|
25.859,00 |
|
INTANGIBLE |
664.835,03 |
639.941,00 |
362.526,00 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL FIXED ASSETS |
8.271.051,49 |
7.624.021,00 |
7.959.938,00 |
|
OFF-BALANCE
ACCOUNTS |
536.231,59 |
|
|
|
|
================ |
================ |
================ |
|
TOTAL ASSETS |
19.341.208,32 |
17.189.393,00 |
17.469.069,00 |
|
LIABILITIES: |
|
|
|
|
CURRENT: |
31/12/2011 |
31/12/2010 |
31/12/2009 |
|
|
|
|
|
|
SUPPLIERS |
1.136.655,02 |
1.244.468,00 |
1.221.930,00 |
|
LOANS AND FINANCING |
349.143,67 |
1.803.969,00 |
3.552.394,00 |
|
SOCIAL / LABOR OBLIGATIONS |
995.120,56 |
953.921,00 |
808.173,00 |
|
TRIBUTARY OBLIGATIONS |
307.355,74 |
487.278,00 |
283.370,00 |
|
OTHER DEBTS |
95.361,94 |
6.123,00 |
80.250,00 |
|
INSTALLMENTS TAXES PAYABLE |
45.646,36 |
|
|
|
PROFIT SHARING |
690.363,77 |
|
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT LIABILITIES |
3.619.647,06 |
4.495.759,00 |
5.946.117,00 |
|
LONG TERM
LIABILITIES: |
|
|
|
|
|
|
|
|
|
LOANS AND FINANCING |
921.686,29 |
276.960,00 |
308.911,00 |
|
TRIBUTARY OBLIGATIONS |
|
2.656,00 |
140.228,00 |
|
TAX INCENTIVES |
|
260.819,00 |
204.248,00 |
|
OTHER |
|
|
134.335,00 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG TERM LIABILITIES |
921.686,29 |
540.435,00 |
787.722,00 |
|
NET EQUITY: |
|
|
|
|
|
|
|
|
|
SHARE CAPITAL |
5.200.000,00 |
5.200.000,00 |
5.200.000,00 |
|
RESERVES/TAX INCENTIVES |
8.503.059,65 |
7.208.402,00 |
5.952.835,00 |
|
ACCRUED PROFIT (LOSS) |
560.583,73 |
-255.203,00 |
-417.605,00 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL NET EQUITY |
14.263.643,38 |
12.153.199,00 |
10.735.230,00 |
|
OFF-BALANCE
ACCOUNTS |
536.231,59 |
|
|
|
|
================ |
================ |
================ |
|
TOTAL LIABILITIES |
19.341.208,32 |
17.189.393,00 |
17.469.069,00 |
|
PROFIT AND LOSS
ACCOUNTS AS OF 31/12/2011, 31/12/2010 AND 31/12/2009. |
|
( FIGURES ARE IN
REAIS ). |
|
|
31/12/2011 |
31/12/2010 |
31/12/2009 |
|
|
|
|
|
|
GROSS SALES |
33.620.878,83 |
31.383.794,00 |
25.507.565,00 |
|
(-) TAXES ON SALES |
5.377.044,00 |
4.836.213,00 |
3.939.190,00 |
|
|
---------------- |
---------------- |
---------------- |
|
NET SALES |
28.243.834,83 |
26.547.581,00 |
21.568.375,00 |
|
(-) COST OF SOLD GOODS |
18.208.709,73 |
18.798.100,00 |
16.477.775,00 |
|
|
---------------- |
---------------- |
---------------- |
|
GROSS PROFIT |
10.035.125,10 |
7.749.481,00 |
5.090.600,00 |
|
OPERATING REVENUE (EXPENSE) |
-7.598.008,53 |
-5.948.253,00 |
-5.119.513,00 |
|
FINANCIAL REVENUE(EXPENSE) |
375.262,16 |
-724.669,00 |
-712.950,00 |
|
|
---------------- |
---------------- |
---------------- |
|
OPERATIONAL PROFIT (LOSS) |
2.812.378,73 |
1.076.559,00 |
-741.863,00 |
|
CONTRIBUTION/INCOME TAX |
-751.154,88 |
-259.554,00 |
-2.139,00 |
|
|
---------------- |
---------------- |
---------------- |
|
NET PROFIT (LOSS) |
2.061.223,85 |
817.005,00 |
-744.002,00 |
|
MONTHLY SALES |
|||
|
|
2011 |
|
|
|
|
--------------------- |
|
|
|
JANUARY |
R$ 2.549.404,20 |
|
|
|
FEBRUARY |
R$ 2.314.882,84 |
|
|
|
MARCH |
R$ 4.023.255,86 |
|
|
|
APRIL |
R$ 2.619.463,50 |
|
|
|
MAY |
R$ 3.014.322,32 |
|
|
|
JUNE |
R$ 2.646.800,63 |
|
|
|
JULY |
R$ 2.903.900,16 |
|
|
|
AUGUST |
R$ 2.859.801,41 |
|
|
|
SEPTEMBER |
R$ 2.858.423,81 |
|
|
|
OCTOBER |
R$ 2.476.281,78 |
|
|
|
NOVEMBER |
R$ 2.506.302,84 |
|
|
|
DECEMBER |
R$ 2.848.039,48 |
|
|
|
TOTAL |
R$ 33.620.878,83 |
|
|
|
RATIOS: |
31/12/2011 |
31/12/2010 |
31/12/2009 |
|
QUICK RATIO |
2,21 |
|
1,50 |
|
1,05 |
|
|
CURRENT RATIO |
2,87 |
|
2,06 |
|
1,57 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
4,61 |
TIMES |
4,35 |
TIMES |
4,00 |
TIMES |
|
DAYS' SALES IN RECEIVABLES |
78,13 |
DAYS |
82,73 |
DAYS |
90,10 |
DAYS |
|
INVENTORY TURNOVER |
7,61 |
TIMES |
7,49 |
TIMES |
5,34 |
TIMES |
|
ACCOUNTS PAYABLE PERIOD |
22,47 |
DAYS |
23,83 |
DAYS |
26,70 |
DAYS |
|
RETURN ON ASSETS |
1,46 |
TIMES |
1,54 |
TIMES |
1,23 |
TIMES |
|
SALES TURNOVER ON NET EQUITY |
1,98 |
TIMES |
2,18 |
TIMES |
2,01 |
TIMES |
|
NET WORTH TIE-UP |
,53 |
|
,57 |
|
,71 |
|
|
INDEBTEDNESS |
,32 |
|
,41 |
|
,63 |
|
|
EQUITY RATIO |
73,75 |
% |
70,70 |
% |
61,45 |
% |
|
WORKING CAPITAL RATIO |
186,86 |
% |
105,56 |
% |
56,90 |
% |
|
GENERAL SOLVENCY |
4,26 |
|
3,41 |
|
2,59 |
|
|
RETURN ON NET EQUITY |
14,45 |
% |
6,72 |
% |
-6,93 |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
7,30 |
% |
3,08 |
% |
-3,45 |
% |
|
GROSS PROFIT MARGIN |
35,53 |
% |
29,19 |
% |
23,60 |
% |
|
OPERATIONAL RESULT |
9,96 |
% |
4,06 |
% |
-3,44 |
% |
|
SALES TURNOVER ON LIABILITIES |
7,80 |
TIMES |
5,91 |
TIMES |
3,63 |
TIMES |
|
FOREIGN CURRENCY ON ASSETS |
|
|
|
|
|
|
|
FOREIGN CURRENCY ON LIABILITIES |
|
|
|
|
|
|
|
EXCHANGE RATE: |
|
|
US$ 1,00 = R$ 2,03 |
- OFFICIAL RATE ON 07/01/2013 |
|
US$ 1,00 = R$ 1,87 |
- OFFICIAL RATE ON 31/12/2011 |
|
US$ 1,00 = R$ 1,66 |
- OFFICIAL RATE ON 31/12/2010 |
|
US$ 1,00 = R$ 1,74 |
- OFFICIAL RATE ON 31/12/2009 |
COMMENTS ON THE
FINANCIAL INFORMATION:
FOLLOWS ATTACHED WORKSHEET WITH MAIN FINANCIAL RATIOS.
THE FIGURES AVAILABLE SHOW A GOOD FINANCIAL STANDING. IT SHOWS HIGH
LIQUIDITY RATIOS WITH POSITIVE WORKING CAPITAL AMOUNT AND LOW LEVEL OF
INDEBTEDNESS. IN ADDITION IT IS NOTED GROWING SALES AND PROFITABILITY.
REMARK:
THE 2011 FIGURES IS AN INTERIM BALANCE SHEET.
REAL ESTATE:
NOT AVAILABLE
VEHICLES:
NOT AVAILABLE
MACHINES:
NOT AVAILABLE
NOT AVAILABLE.
|
|
BRANCH/PHONE: |
|
|
BANCO BRADESCO S/A |
AG: 3684-6 / 62 3324-0541 |
|
|
BANCO DO BRASIL S/A |
AG: 3388-X / 62 3310-1640 |
|
|
BANCO ITAÚ S/A |
AG: 4393 / 62 4093-4714 |
|
|
CAIXA ECONOMICA FEDERAL |
AG: 2289 / 62 4014-1800 |
|
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").
SUBJECT IS ENGAGED IN THE MANUFACTURING AND TRADE OF PHARMACEUTICAL
PRODUCTS FOR HUMAN USAGE.
IMPORT AND EXPORT:
IMPORTS FROM:
GERMANY, INDIA AND ITALY.
EXPORTS TO:
NOT AVAILABLE.
|
MAIN CLIENTS: |
|
|
|
|
|
|
|
DOMESTIC
CLIENTS: |
|
PHONE: |
|
ADEVAIR GROTO |
|
65 3426-1998 |
|
CERVOSUL DISTRIBUIDORA FARMACÊUTICA LTDA |
|
51 3230-4000 |
|
COMERCIAL CIRÚRGICA RIO CLARENSE |
|
19 3522-5800 |
|
DIST. BRINGELL |
|
92 2126-4000 |
|
DISTRIBUIDORA NAVARRO |
|
11 3990-0881 |
|
DROGAFONTE LTDA |
|
81 3428-1819 |
|
GAUCHA FARMA MEDICAMENTOS LTDA |
|
51 3382-2000 |
|
HEALTHECNICA PRODS. HOSP. LTDA |
|
11 3871-0326 |
|
MEGA MED 1600 |
|
21 2751-4701 |
|
MEIRELLES FARMA |
|
84 3223-1410 |
|
STAFF: |
|
|
|
THE COMPANY HAS: 280 EMPLOYEE(S) |
|
THE SUBJECT IS A WELL-ESTABLISHED COMPANY, OPERATING SINCE 1977 WITH A GROWING SCALE OF ACTIVITIES. SO FAR IT HAS A CLEAR TRADE HISTORY AND GOOD PAYMENT BEHAVIOUR.
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. |
PAYMENT HISTORY:
|
4 SUPPLIERS REPORTED PAYMENTS: |
|
TOTAL AMOUNT: R$ 193.631,00 |
|
|
|
AMOUNT OF INVOICES PAID: 132 |
|
TOTAL OF PROMPT PAYMENTS: 99,3% |
|
TOTAL OF DELAYED PAYMENTS: 0,7% |
|
|
|
HIGHEST INVOICE: R$ 5.339,00 |
|
HIGHEST CREDIT: R$ 5.339,00 |
|
|
|
OUTSTANDING INVOICES DUE WITHIN THE NEXT 30 DAYS: |
|
--------------------------- |
SUPPLIERS: |
INVOICES: |
TOTAL AMOUNT: |
|
DUE WITHIN 30 DAYS |
2 |
3 |
R$ 3.500,79 |
THE SUBJECT IS A WELL-ESTABLISHED COMPANY IN BUSINESS FOR SEVERAL YEARS.
UP TO DATE IT HAS A CLEAR TRADE HISTORY AND GOOD PAYMENT BEHAVIOUR.
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.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.63 |
|
UK Pound |
1 |
Rs.87.50 |
|
Euro |
1 |
Rs.71.32 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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.