MIRA INFORM REPORT

 

 

Report Date :

18.09.2013

 

 

IDENTIFICATION DETAILS

 

Name :

SM EMPREENDIMENTOS FARMACÊUTICOS LTDA

 

 

Registered Office :

Rua Jurupari,775 779 E 803 - Jardim Oriental, 04348-070 - São Paulo/Sp

 

 

Country :

Brazil

 

 

Date of Incorporation :

25.06.1974

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Wholesale of Chemicals

 

 

No. of Employees :

148

 

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 – March 31st, 2013

 

Country Name

Previous Rating

(31.12.2012)

Current Rating

(31.03.2013)

 Brazil

                       A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

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% in 2011, and 1.3% in 2012. Unemployment is at historic lows and Brazil's traditionally high level of income inequality has declined for each of the last 14 years. Brazil's historically high interest rates have made 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 exchange 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. In an effort to boost growth, in 2012 the administration implemented a somewhat more expansionary monetary policy that has failed to stimulate much growth.

Source : CIA

 

 

COMPANY NAME

 

SM EMPREENDIMENTOS FARMACÊUTICOS LTDA

 

 

ADDRESSES

 

MAIN ADDRESS:

RUA JURUPARI,775 779 E 803 - JARDIM ORIENTAL

ZIP CODE/CITY:

04348-070 - SÃO PAULO/SP

 

 

PHONE:

11 5033-3700

FAX:

11 5033-3700

E-MAIL:

varlessatel@fagron.com.br

WEB SITE:

www.fagron.com.br

 

BRANCHES:

 

 

 

ADDRESS:

RUA LABATUT,403 – IPIRANGA

ZIP CODE/CITY:

04214-000 SÃO PAULO/SP

 

 

ADDRESS:

AVENIDA DR. HUGO BEOLCHI,445 14º ANDAR - CONCEIÇÃO

ZIP CODE/CITY:

04310-030 SÃO PAULO/SP

PHONE:

11 3799-2559

 

 

ADDRESS:

RUA JOSE MARINO FILHO,200

ZIP CODE/CITY:

04347-180 SÃO PAULO/SP

 

 

ADDRESS:

VIA PRIMÁRIA 5-D, S/Nº. QUADRA 10, MODULO,1 PARTE - BAIRRO DAIA

ZIP CODE/CITY:

75132-120 ANÁPOLIS/GO

PHONE:

62 4014-0700

CNPJ:

44.015.477/0006-20

 

 

ADDRESS:

RUA ESTÁCIO DE SÁ,5300 - JARDIM SANTA GENEBRA

ZIP CODE/CITY:

13080-010 CAMPINAS/SP

PHONE:

19 2101-4094

 

 

ADDRESS:

RUA AQUIDABA,1144 - LINS DE VASCONCELOS

ZIP CODE/CITY:

20720-295 RIO DE JANEIRO/RJ

CNPJ:

44.015.477/0007-01

 

 

LEGAL DATA

 

MAIN ACTIVITIES:

 

WHOLESALE OF CHEMICALS

 

 

LEGAL FORM:

LIMITED LIABILITY COMPANY

 

 

INCORPORATION DATE:

25/06/1974

REGISTER DATE:

25/06/1974

BALANCE SHEET FILING DATE:

31/12

TAX CONTRIBUTOR NUMBER(CNPJ):

44.015.477/0001-16

STATE REGISTER:

109.235.767.110

 

 

SHARE CAPITAL:

R$ 195.155.640,00

LAST REGISTER OF CAPITAL:

18/04/2013

 

BOARD OF DIRECTORS:

 

 

 

RAFAEL PADILLA PAPACEIT

DIRECTOR

IVAN JOSE MAROSTICA

DIRECTOR

GERALDINO GABRIEL NEDER

DIRECTOR

 

 

AUTHORIZED USE OF SIGNATURE

 

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

 

SHAREHOLDERS / PARTNERS:

 

 

 

FAGRON BRAZIL HOLDING B.V.

R$ 195.155.639,00

FRAGON GROUP B.V.

R$ 1,00

 

AFFILIATES / SUBSIDIARIES:

 

 

 

FAGRON GROUP

 

 

 

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 AND DIRECTORS:

 

FRAGON BRAZIL HOLDING B.V.: HEADQUARTERED AT OLDENZAAL, HOLAND;

 

FRAGON GROUP B.V.: NOT AVAILABLE;

 

IVAN JHOSE MAROSTICA: BRAZILIAN, HOLDER OF DOCUMENTS CPF 102.398.288-95 AND RG 18.832.203-6, RESIDENTIAL ADDRESS AT RUA GIUSEPE MÁXIMO SCOLFARO, S/Nº. BARÃO GERALDO, ZIP CODE 13085-550, CAMPINAS/SP;

 

RAFAEL PADILLA PAPACEIT: SPANISH, HOLDER OF DOCUMENTS CPF 234.691.188-76 AND RNE V729693-X, RESIDENTIAL ADDRESS AT RUA REVERENDO MIGUEL RIZZO JUNIOR, 35, CS 2, MORUMBI, SÃO PAULO/SP.

 

GERALDINO GABRIEL NEDER, BRAZILIAN, HOLDER OF DOCUMENTS CPF: 099.393.178-24, RG/RNE: 198915883 - SP, RESIDENTIAL ADDRESS AT RUA DAS UVAIAS,

179, AP 132, SAUDE, SAO PAULO/SP.

 

REMARKS:

 

THE COMPANY STATED THAT TOOK OVER PHARMA NOSTRA COMERCIAL LTDA., CNPJ 03.497.220/0001-60 IN JANUARY 2013. HOWEVER, THE COMPANY DID NOT PROVIDE ANY DOCUMENT TO PROVE THIS. A SEARCH THROUGH THE OFFICIAL DID NOT SHOW ANY DOCUMENT RELATED TO SUCH TAKEOVER.

 

FURTHER DETAILS ARE SO FAR NOT KNOWN.

 

WHEN CONTACTING THE SUBJECT WE INTERVIEWED MR. VARLES SATEL, 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.

(RESEARCH DATE: 12/09/2013)

 

 

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.

 

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

 

EXCHANGE RATE:

 

 

US$ 1,00 = R$ 2,27

 - OFFICIAL RATE ON 12/09/2013

 

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:

 

 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

COVERAGE:

VEHICLES

 

 

INSURANCE COMPANY:

ROYAL & SUN ALIANCE CIA SEGUROS

COVERAGE:

DOMESTIC TRANSPORTATION

EXPIRATION:

UNDETERMINED

 

 

BANKING REFERENCES

 

 

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.

 

 

MAIN CLIENTS:

 

 

 

 

 

DOMESTIC CLIENTS:

 

 

FARMACIA BIOFORMULA IMPORTAÇÃO E EXPORTAÇÃO LTDA

 

 

FARMACIA BUENOS AIRES LTDA

 

 

FARMACIA CIENTIFICA LTDA

SÃO PAULO/SP

 

FARMACIA ESSENCIAL LTDA

 

 

FARMACIA MANIFARMA LTDA

SÃO PAULO/SP

 

FARMACIA MOVIMOTO LTDA

SALVADOR/BA

 

HOPITAL DAS CLINICAS

SÃO PAULO/SP

 

NATURAL PHARMA PROD. FARMACÊUTICOS LTDA

 

 

O FUMULARIO FARMACIA DE MANIPULAÇÃO LTDA

 

 

PHARMACIA ESENCIAL LTDA ME

 

 

QUANTA FARMACIA DE MANIPULAÇÕES LTDA

 

 

 

STAFF:

 

THE COMPANY HAS: 148 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:

 

 

 

 

 

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.

 

 

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:

 

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

SWITZERLAND

 

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

UNITED KINGDOM

 

XI`AN HIGH-TECH INDUSTRIES CO. LTD.

CHINA

 

 

PAYMENT HISTORY:

 

 3 SUPPLIERS REPORTED PAYMENTS:

   TOTAL AMOUNT:  R$ 11.820,00

 

AMOUNT OF INVOICES PAID: 7

TOTAL OF PROMPT PAYMENTS: 70%

TOTAL OF DELAYED PAYMENTS: 30%

 

HIGHEST INVOICE: R$ 4.590,00

HIGHEST CREDIT: R$ 3.543,75

 

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 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.63.37

UK Pound

1

Rs.100.85

Euro

1

Rs.84.59

 

INFORMATION DETAILS

 

Report Prepared by :

NLM

 

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.