MIRA INFORM REPORT
|
Report Date : |
05.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
IBEROQUIMICA FARMACÊUTICA LTDA |
|
|
|
|
Formerly Known as : |
QUIMTIA INDUSTRIA E COMERCIO DE PRODUTOS QUIMICOS LTDA |
|
|
|
|
Registered Office : |
Rua João Antonio Mecatti,1601 Galpao 04 E 05 - Jardim Planalto, Zip Code 13211-223 - Jundiaí/Sp |
|
|
|
|
Country : |
Brazil |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
26.05.2009 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
·
Engaged
in distribution of pharmaceutical
raw materials for pharmacies and pharmaceutical industries ·
Wholesaler of drugs for human use. |
|
|
|
|
No of Employees : |
32 |
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 : |
Unknown |
|
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 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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, and a rapidly
expanding middle class, 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 in 2011-13. 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.
|
Source : CIA |
Company
name
IBEROQUIMICA
FARMACÊUTICA LTDA
company
ADDRESSES
|
MAIN ADDRESS: |
RUA JOÃO ANTONIO MECATTI,1601 GALPAO 04 E 05 - JARDIM PLANALTO |
|
ZIP CODE/CITY: |
13211-223 - JUNDIAÍ/SP |
|
|
|
|
PHONE: |
11 3379-6900 |
|
FAX: |
11 3379-6900 |
|
E-MAIL: |
|
|
WEB SITE: |
|
BRANCHES: |
|
NOT AVAILABLE. |
LEGAL
DATA
|
MAIN ACTIVITIES: |
|
·
Engaged
in Distribution of Pharmaceutical Raw Materials for Pharmacies and
Pharmaceutical Industries ·
WHOLESALEr
OF DRUGS FOR HUMAN USE. |
|
LEGAL FORM: |
LIMITED
LIABILITY COMPANY |
|
|
|
|
INCORPORATION DATE: |
26/05/2009 |
|
REGISTER DATE: |
26/05/2009 |
|
BALANCE SHEET FILING DATE: |
31/12 |
|
TAX CONTRIBUTOR NUMBER(CNPJ): |
11.136.050/0001-17 |
|
STATE REGISTER: |
407.490.841.113 |
|
|
|
|
SHARE CAPITAL: |
R$ 2.104.274,00 |
|
LAST REGISTER OF CAPITAL: |
07/01/2013 |
|
BOARD OF
DIRECTORS: |
|
|
|
|
|
CARLOS ALBERTO DE SOUZA |
MANAGER |
|
CARLOS MOCHNACS DE SOUZA |
MANAGING PARTNER |
AUTHORIZED
USE OF SIGNATURE
|
THE MANAGERS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
|
SHAREHOLDERS /
PARTNERS: |
|
|
|
|
|
MIRAQUIMICA PARTICIPACOES LTDA |
R$ 2.102.170,00 |
|
CARLOS MOCHNACS DE SOUZA |
R$ 2.104,00 |
|
AFFILIATES /
SUBSIDIARIES: |
|
|
A SCAN THROUGH
OUTSIDE SOURCES SHOWED THE SUBJECT AND/OR DIRECTORS HAS/HAVE THE FOLLOWING
UNCONFIRMED HOLDINGS: |
|
|
LABORATORIO REGIUS LIMITADA -
EPP |
|
|
ROSA VERMELHA FARMACIA,
COSMETICOS E SUPL. ALIMENTARES LTDA |
|
|
JARRELL FARMACEUTICA LTDA - EPP |
|
|
C A S IMPORTACAO E EXPORTACAO
LTDA |
|
|
MIRAQUIMICA PARTICIPACOES LTDA |
|
|
BLUE EMPREENDIMENTOS E PARTICIPACOES
LTDA. |
|
COMPANY'S
BACKGROUND
|
THE SUBJECT WAS ESTABLISHED ON MAY 26, 2009 AS IBEROQUIMICA DO BRASIL
LTDA. TO BE ENGAGED IN THE SAID LINE OF BUSINESS. ON JANUARY 23, 2012 IT ALTERED
QUIMTIA INDUSTRIA E COMERCIO DE PRODUTOS QUIMICOS LTDA. JANUARY 07, 2013 IT
ADOPTED THE ABOVE MENTIONED NAME AND UP TO DATE IT IS STILL OPERATING WITHIN
THE GENERAL SCENE REPORTED HEREIN. TRADE NAME: "IBEROQUIMICA DO BRASIL" PARTNERS: MIRAQUIMICA PARTICIPACOES LTDA: HEADQUARTERED AT RUA DOUTOR JOSE
FERREIRA DE CAMARGO, 507, SALA 06, NOVA CAMPINAS, CAMPINAS - SP, REGISTRATION
# NIRE 35227020471 CARLOS MOCHNACS DE SOUZA, BRAZILIAN, HOLDER OF DOCUMENTS, CPF:
298.999.358-40, RG/RNE: 275093797 - SP, RESIDENTIAL ADDRESS AT RUA CIDADE DE
BAGDA, 942, VILA SANTA CATARINA, SAO PAULO - SP. MANAGER: CARLOS ALBERTO DE SOUZAI: BRAZILIAN, HOLDER OF DOCUMENTS CPF
089.452.768-15, RG/RNE: 46215918 - SP, RESIDENTIAL ADDRESS AT RUA CIDADE DE
BAGDA, 942, VILA SANTA CATARINA, SAO PAULO - SP. REMARKS: ON JANUARY 07, 2013 SUBJECT UNDER WENT A SPIN-OFF WITH THE TRANSFER OF
PART OF ITS ACTIVITIES TO NUVITAL NUTRIENTES LTDA (CURRENTLY QUIMTIA S.A.).
AS A RESULT THE COMPANY'S SHARE CAPITAL WAS REDUCED FROM R$ 20.160.775,00 TO
R$ 17.507.821,00. FURTHER, THE COMPANY IS UNDERGOING CHANGE IN ITS SHAREHOLDING CONTROL
AND SOON THE CURRENT PARTNERS WILL BE REPLACED AS THE COMPANY HAS BEEN SOLD
TO OTHER GROUP. THE COMPANY STATED THAT THERE IS AN AMENDMENT TO THE ARTICLES
OF INCORPORATION IN COURSE AT THE REGISTER OF COMPANIES. THEY DECLINED TO
DISCLOSE ANY FURTHER INFORMATION. FURTHER DETAILS ARE SO FAR NOT KNOWN. REMARKS: -------- WHEN CONTACTING THE SUBJECT WE INTERVIEWED MS. JAQUELINE, 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 INFORMATION: |
|
|
NO DETRIMENTAL FILES WERE FOUND. |
|
FINANCIAL
INFORMATION
|
GENERAL BALANCE SHEETS AS OF 31/12/2011 AND 31/12/2010. |
|
( FIGURES ARE IN REAIS ). |
|
ASSETS |
|
|
|
|
CURRENT: |
31/12/2011 |
31/12/2010 |
|
|
|
|
|
|
|
CASH AND BANKS |
1.851.510,00 |
585.933,00 |
|
|
CLIENTS |
3.306.171,00 |
1.549.179,00 |
|
|
INVENTORY |
5.302.479,00 |
6.603.169,00 |
|
|
RECOVERABLE TAXES |
512.466,00 |
635.510,00 |
|
|
PRE PAID EXPENSES |
32.260,00 |
76.407,00 |
|
|
OTHER CREDITS |
168.445,00 |
63.169,00 |
|
|
|
---------------- |
---------------- |
|
|
TOTAL CURRENT ASSETS |
11.173.331,00 |
9.513.367,00 |
|
|
FIXED ASSETS: |
|
|
|
|
|
|
|
|
|
FIXED ASSETS |
1.653.146,00 |
1.723.910,00 |
|
|
INTANGIBLE |
77.197,00 |
79.259,00 |
|
|
INVESTMENTS |
15.918.251,00 |
|
|
|
|
---------------- |
---------------- |
|
|
TOTAL FIXED ASSETS |
17.648.594,00 |
1.803.169,00 |
|
|
|
================ |
================ |
|
|
TOTAL ASSETS |
28.821.925,00 |
11.316.536,00 |
|
|
LIABILITIES: |
|
|
|
|
CURRENT: |
31/12/2011 |
31/12/2010 |
|
|
|
|
|
|
|
SUPPLIERS |
2.889.504,00 |
5.696.283,00 |
|
|
TAXES & CONTRIBUTIONS |
110.087,00 |
89.324,00 |
|
|
ACCOUNTS PAYABLE |
23.740,00 |
45.608,00 |
|
|
PROVISIONS |
333.316,00 |
165.829,00 |
|
|
LOANS AND FINANCING |
6.229.657,00 |
4.311.739,00 |
|
|
|
---------------- |
---------------- |
|
|
TOTAL CURRENT LIABILITIES |
9.586.304,00 |
10.308.783,00 |
|
|
LONG TERM
LIABILITIES: |
|
|
|
|
|
|
|
|
|
DEBT WITH RELATED COMPANIES |
1.264.685,00 |
1.200.496,00 |
|
|
|
---------------- |
---------------- |
|
|
TOTAL LONG TERM LIABILITIES |
1.264.685,00 |
1.200.496,00 |
|
|
NET EQUITY: |
|
|
|
|
|
|
|
|
|
SHARE CAPITAL |
20.160.775,00 |
180.775,00 |
|
|
ACCRUED PROFIT (LOSS) |
-2.189.838,00 |
-373.518,00 |
|
|
|
---------------- |
---------------- |
|
|
TOTAL NET EQUITY |
17.970.937,00 |
-192.743,00 |
|
|
|
================ |
================ |
|
|
TOTAL LIABILITIES |
28.821.926,00 |
11.316.536,00 |
|
|
PROFIT AND LOSS ACCOUNTS AS OF 31/12/2011 AND 31/12/2010. |
|
( FIGURES ARE IN REAIS ). |
|
|
31/12/2011 |
31/12/2010 |
|
|
|
|
|
|
|
GROSS SALES |
24.512.243,00 |
12.976.166,00 |
|
|
(-) TAXES ON SALES |
5.316.147,00 |
2.835.873,00 |
|
|
|
---------------- |
---------------- |
|
|
NET SALES |
19.196.096,00 |
10.140.293,00 |
|
|
(-) COST OF SOLD GOODS |
16.022.888,00 |
7.732.213,00 |
|
|
|
---------------- |
---------------- |
|
|
GROSS PROFIT |
3.173.208,00 |
2.408.080,00 |
|
|
OPERATING REVENUE (EXPENSE) |
-3.829.063,00 |
-2.958.305,00 |
|
|
FINANCIAL REVENUE(EXPENSE) |
-1.160.465,00 |
72.828,00 |
|
|
|
---------------- |
---------------- |
|
|
OPERATIONAL PROFIT (LOSS) |
-1.816.320,00 |
-477.397,00 |
|
|
CONTRIBUTION/INCOME TAX |
|
119.683,00 |
|
|
|
---------------- |
---------------- |
|
|
NET PROFIT (LOSS) |
-1.816.320,00 |
-357.714,00 |
|
|
MONTHLY SALES |
|||
|
|
2011 |
|
|
|
|
--------------------- |
|
|
|
JANUARY |
R$ 2.105.606,00 |
|
|
|
FEBRUARY |
R$ 2.085.275,00 |
|
|
|
MARCH |
R$ 1.121.479,00 |
|
|
|
APRIL |
R$ 2.028.320,00 |
|
|
|
MAY |
R$ 1.844.995,00 |
|
|
|
JUNE |
R$ 2.011.396,00 |
|
|
|
JULY |
R$ 1.585.489,00 |
|
|
|
AUGUST |
|
|
|
|
SEPTEMBER |
|
|
|
|
OCTOBER |
|
|
|
|
NOVEMBER |
|
|
|
|
DECEMBER |
|
|
|
|
TOTAL |
R$ 12.782.560,00 |
|
|
|
RATIOS: |
31/12/2011 |
31/12/2010 |
|
|
QUICK RATIO |
,61 |
|
,28 |
|
|
|
|
CURRENT RATIO |
1,17 |
|
,92 |
|
|
|
|
ACCOUNTS RECEIVABLE TURNOVER |
5,81 |
TIMES |
6,55 |
TIMES |
|
|
|
DAYS' SALES IN RECEIVABLES |
62,00 |
DAYS |
55,00 |
DAYS |
|
|
|
INVENTORY TURNOVER |
3,02 |
TIMES |
1,17 |
TIMES |
|
|
|
ACCOUNTS PAYABLE PERIOD |
64,92 |
DAYS |
265,21 |
DAYS |
|
|
|
RETURN ON ASSETS |
,67 |
TIMES |
,90 |
TIMES |
|
|
|
SALES TURNOVER ON NET EQUITY |
1,07 |
TIMES |
-52,61 |
TIMES |
|
|
|
NET WORTH TIE-UP |
,09 |
|
-8,94 |
|
|
|
|
INDEBTEDNESS |
,60 |
|
-59,71 |
|
|
|
|
EQUITY RATIO |
62,35 |
% |
-1,70 |
% |
|
|
|
WORKING CAPITAL RATIO |
16,56 |
% |
-7,72 |
% |
|
|
|
GENERAL SOLVENCY |
2,66 |
|
,98 |
|
|
|
|
RETURN ON NET EQUITY |
-10,11 |
% |
185,59 |
% |
|
|
|
RETURN ON SALES (PROFIT MARGIN) |
-9,46 |
% |
-3,53 |
% |
|
|
|
GROSS PROFIT MARGIN |
16,53 |
% |
23,75 |
% |
|
|
|
OPERATIONAL RESULT |
-9,46 |
% |
-4,71 |
% |
|
|
|
SALES TURNOVER ON LIABILITIES |
2,00 |
TIMES |
,98 |
TIMES |
|
|
|
FOREIGN CURRENCY ON ASSETS |
|
|
|
|
|
|
|
FOREIGN CURRENCY ON LIABILITIES |
|
|
|
|
|
|
|
EXCHANGE RATE: |
|
|
US$ 1,00 = R$ 2,52 |
- OFFICIAL RATE ON 25/11/2014 |
|
US$ 1,00 = R$ 1,87 |
- OFFICIAL RATE ON 31/12/2011 |
|
US$ 1,00 = R$ 1,66 |
- OFFICIAL RATE ON 31/12/2010 |
|
COMMENTS ON THE
FINANCIAL INFORMATION: |
|
FOLLOWS ATTACHED WORKSHEET WITH MAIN FINANCIAL RATIOS. THE LATEST FIGURES FOR 2011 A SATISFACTORY FINANCIAL STANDING. IT
SHOWS GOOD CURRENT RATIO AND POSITIVE WORKING CAPITAL, AS WELL AS ACCEPTABLE
LEVEL OF INDEBTEDNESS. IT ALSO SHOWED GROWING SALES BUT THE HIGH OPERATING
EXPENSES DROVE THE COMPANY TO MAKE LOSS. THE COMPANY WILL NOT SEND ANY UPDATED FINANCIAL DATA. |
|
REAL ESTATE: |
NOT AVAILABLE
|
VEHICLES: |
NOT AVAILABLE
|
MACHINES: |
NOT AVAILABLE
INSURANCE
|
NOT AVAIALBLE |
BANKING
REFERENCES
|
|
BRANCH/PHONE: |
|
|
BANCO ITAÚ S/A |
7649 / 41 3003-8813 |
|
|
BANCO SATANDER (BRASIL) S/A |
2189 / 41 3883-3135 |
|
|
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
|
·
Engaged
in Distribution of Pharmaceutical Raw Materials for Pharmacies and
Pharmaceutical Industries ·
WHOLESALEr
OF DRUGS FOR HUMAN USE. |
|
IMPORT AND
EXPORT: |
IMPORTS FROM:
|
MALAYSIA, CHINA, COLOMBIA, DENMARK, ARGENTINA AND URUGUAY. |
EXPORTS TO:
|
DOES NOT EXPORT. |
|
MAIN CLIENTS: |
|
|
|
|
|
|
|
DOMESTIC
CLIENTS: |
|
|
|
NOT AVAILABLE |
|
|
|
STAFF: |
|
|
|
THE COMPANY HAS: 32 EMPLOYEE(S) |
CONCEPT
AND FULFILMENT
|
THE SUBJECT IS A NEWLY-ESTABLISHED COMPANY, SETUP IN 2009 AND OPERATING
SINCE 2010. SO FAR IT HAS A CLEAR TRADE HISTORY AND NO PAYMENT PROBLEM IS
NOTED. 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: |
|
|
|
NOT AVAILABLE |
|
|
|
FOREIGN
SUPPLIERS: |
PHONE: |
|
AARHUSKARLSHAMN LATIN AMERICA |
+5982 3-135-135 |
|
COLORQUIMICA S/A |
(574) 3021717 EXT 1 |
|
INMOBAL NUTRER S/A |
(5411) 4370-0188 |
|
PAYMENT HISTORY: |
|
3 SUPPLIERS REPORTED PAYMENTS: |
|
TOTAL AMOUNT: R$ 82.252,00 |
|
|
|
AMOUNT OF INVOICES PAID: 21 |
|
TOTAL OF PROMPT PAYMENTS: 100% |
|
HIGHEST INVOICE: R$ 11.280,00 |
|
HIGHEST CREDIT: R$ 11.280,00 |
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 FACT THAT THE COMPANY IS UNDERGOING
RESTRUCTURING. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.88 |
|
UK Pound |
1 |
Rs.97.02 |
|
Euro |
1 |
Rs.76.13 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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.