|
Report Date : |
17.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
MEDLEY INDUSTRIA FARMACEUTICA LTDA |
|
|
|
|
Registered Office : |
Rua Macedo Costa,55 - Jardim Santa Genebra 13080-180 - Campinas/Sp |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
30.01.1996 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Processing, Industrialization, Commercialization, Import and Export of
Chemical and Pharmaceutical Products in General, Rendering of Services for
Third Parties. |
|
|
|
|
No. of Employees : |
1300 |
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 |
|
Maximum Credit Limit: |
USD 300.000,00 |
|
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.
Country Risk Classification List – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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% 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 |
MEDLEY INDUSTRIA
FARMACEUTICA LTDA
|
MAIN ADDRESS: |
RUA MACEDO COSTA,55 - JARDIM SANTA GENEBRA |
|
ZIP CODE/CITY: |
13080-180 - CAMPINAS/SP |
|
|
|
|
PHONE: |
19 2117-8222 |
|
FAX: |
19 2117-8407 |
|
E-MAIL: |
paulo.correia@medley.com.br |
|
WEB SITE: |
www.medley.com.br |
|
BRANCHES: |
|
|
|
|
|
ADDRESS: |
RDOVIA ANHANGUERA, S/Nº. KM,107 |
|
ZIP CODE/CITY: |
13180-030 SUMARÉ/SP |
|
PHONE: |
19 3864-1441 |
|
CNPJ: |
50.929.710/0002-50 |
|
STATE REGISTER: |
671.079.928.119 |
|
|
|
|
ADDRESS: |
LOTES 01 A 10, CONJUNTO 06, TRECHO 5, POLO DESENVOLVIMENTO,0 ECONÔMICO
JK - SANTA MARIA |
|
ZIP CODE/CITY: |
72549-550 BRASÍLIA/DF |
|
CNPJ: |
50.929.710/0003-30 |
|
STATE REGISTER: |
0742568300220 |
|
|
|
|
ADDRESS: |
AVENIDA PORTUGAL,1100 PARTE A 44 - ITAQUI |
|
ZIP CODE/CITY: |
06696-060 ITAPEVI/SP |
|
MAIN ACTIVITIES: |
|
PROCESSING, INDUSTRIALIZATION, COMMERCIALIZATION, IMPORT AND EXPORT OF
CHEMICAL AND PHARMACEUTICAL PRODUCTS IN GENERAL, RENDERING OF SERVICES FOR
THIRD PARTIES. |
|
LEGAL FORM: |
LIMITED
LIABILITY COMPANY |
|
|
|
|
INCORPORATION DATE: |
30/01/1996 |
|
REGISTER DATE: |
30/01/1996 |
|
BALANCE SHEET FILING DATE: |
31/12 |
|
TAX CONTRIBUTOR NUMBER(CNPJ): |
50.929.710/0001-79 |
|
STATE REGISTER: |
244.412.101.116 |
|
|
|
|
SHARE CAPITAL: |
R$ 150.001.000,00 |
|
LAST REGISTER OF CAPITAL: |
23/11/2010 |
|
BOARD OF
DIRECTORS: |
|
|
|
|
|
IVAN PEDRO GONÇALVES DE BARROS |
FINANCIAL DIRECTOR |
|
KERGINALDO CORREIA DE MELO JUNIOR |
INDUSTRIAL DIRECTOR |
|
EVANDRO LUIS REZERA |
FINANCIAL DIRECTOR |
|
ROSILANE OLIVEIRA PURCETI |
DIRECTOR |
|
THE DIRECTORS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
|
SHAREHOLDERS /
PARTNERS: |
|
|
|
|
|
SANOFI-AVENTIS COMERCIAL E LOGISTICA LTDA |
R$ 150.000.999,00 |
|
SANOFI-AVENTIS FARMACEUTICA LTDA |
R$ 1,00 |
|
AFFILIATES /
SUBSIDIARIES: |
|
|
A SCAN THROUGH OUTSIDE SOURCES SHOWED THE SUBJECT AND/OR DIRECTORS
HAS/HAVE THE FOLLOWING UNCONFIRMED HOLDINGS: |
|
|
OFIMEX FARMACÊUTICA LTDA. |
|
|
MEDLEY COMERCIAL E LOGISTICA LTDA. |
|
|
SANOFI PASTEUR LTDA |
|
|
THE SUBJECT WAS ESTABLISHED ON, JANUARY 30, 1996 AS LABORATÓRIO ROICY
DO BRASIL INDUSTRIA QUIMICA E FARMACÊUTICA LTDA. TO BE ENGAGED IN THE SAID LINE
OF BUSINESS. ON JANUARY 30, 1996 IT ALTERED TO MEDLEY S/A INDUSTRIA
FARMACEUTICA. IN JANUARY 2010 IT WAS TRANSFORMED INTO LIMITED LIABILITY
COMPANY UNDER THE ABOVE MENTIONED NAME. ON DECEMBER 29, 2009 SUBJECT TOOK OVER ITS PREVIOUS CONTROLLING COMPANY
SANOFI-AVENTIS INDUSTRIAL E PARTICIPAÇÕES LTDA. THE SUBJECT IS THE THIRD LARGEST PHARMACEUTICAL INDUSTRY IN BRAZIL.
THE GOOD PERFORMANCE IS MAINLY DUE TO SUCCESS IN THE GENERICS MARKET, WHOSE
LEADERSHIP HAS MAINTAINED SINCE 2002. WITH TWO INDUSTRIAL UNITS IN CAMPINAS / SP AND SUMARÉ / SP, A MEDLEY
PRODUCING TABLETS, CAPSULES, DRAG, LIQUIDS, OINTMENTS, CREAMS AND
SUSPENSIONS. MEDLEY BELONGS TO THE COMPANY SANOFI-AVENTIS GROUP. THE COMPANY IS THE
GENERIC MARKET LEADER IN BRAZIL SINCE 2002, WITH A PORTFOLIO OF 127 PRODUCTS.
WITH THE ACQUISITION OF MEDLEY IN APRIL THE GROUP SANOFI-AVENTIS
EMPLOYS OVER 3.800 PEOPLE AND IT HAS A LOCAL PRODUCTION CAPACITY OVER 300
MILLION UNITS/YEAR. TRADE NAME: MEDLEY CERTIFICATIONS: ISO 9000 ISSO 14000 OHSAS18000 THE PARTNERS: SANOFI-AVENTIS COMERCIAL E LOGISTICA LTDA: HEADQUARTERED AT ESTRADA
CRUZ GRANDE, 1700, PARTE 2, LOUVEIRA/SP, ZIP CODE 13290-000, REGISTERED AT
THE STATE OF SÃO PAULO NOTARY OFFICE UNDER NIRE35.215.290.088TAXPAYER'S
REGISTRATION UNDER CNPJ 13.094.578/0001-04; SANOFI-AVENTIS FARMACEUTICA LTDA: HEADQUARTERED AT AV. MAJOR SYLVIO DE
MAGALHÃES PADILHA, 5200, CONJUNTOS 31 E 32, MORUMBI, ZIP CODE 05693-000, SÃO
PAULO/SP, REGISTERED AT THE STATE OF SÃO PAULO NOTARY OFFICE UNDER NIRE 35.215.228.846, TAXPAYER'S
REGISTRATION UNDER CNPJ 02.685.377/0001-57, REPRESENTED BY ITS ATTORNEY. MR.
MARCOS GAGHENINI: BRAZILIAN, HOLDER OF DOCUMENTS CPF 004.260.438-98 AND RG
6720578, RESIDENTIAL ADDRESS AT AVENIDA MAJOR SYLVIO DE MAGALHÃES PADILHA, 5200,
EDIFICIO ATLANTA, ZIP CODE 05693-000, SÃO PAULO/SP; FURTHER DETAILS ARE SO FAR NOT KNOWN. WHEN CONTACTING THE SUBJECT WE INTERVIEWED MR. PAULO, 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: |
|
PROTESTS: |
|
16 PROTESTS,TOTAL AMOUNT R$
33.789,45 |
|
DATE OF FIRST PROTEST:
16/10/2013 R$ 3.200,00 |
|
DATE OF HIGHEST PROTEST:
17/12/2013 R$ 18.829,31 |
|
DETAILS OF LATEST PROTESTS: |
|
NOTARY OFFICE: |
DATE: |
VALUE: |
|
2º CARTÓRIO DE SP-CAMPINAS |
28/01/2014 |
R$ 134,13 |
|
2º CARTÓRIO DE DF-GAMA |
08/01/2014 |
R$ 253,11 |
|
3º CARTÓRIO DE CAMPINAS/SP |
23/01/2014 |
R$ 1.687,28 |
|
1º CARTÓRIO DE CAMPINAS/SP |
17/01/2014 |
R$ 519,48 |
|
8º CARTÓRIO DE DF/GAMA |
07/01/2014 |
R$ 180,00 |
|
LAWSUITS: |
|
|
|
|
DATE: |
COURT OF LAW: |
|
1 |
BANKRUPTCY PETITION |
03/04/09 |
8º VARA DE SP-CAMPINAS |
|
2 |
STATE LAWSUITS |
16/07/12 |
VARA DE SP-CAMPINAS |
|
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$ 2,40 |
- OFFICIAL RATE ON 12/02/2014 |
|
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$ 60.000.000,00
|
VEHICLES: |
OWNED VEHICLES ARE VALUED AT R$ 1.369.082,42
|
MACHINES: |
OWNED MACHINES AND EQUIPMENTS ARE VALUED AT R$ 29.381.895,71
|
INSURANCE COMPANY: |
ITAU SEGUROS S/A |
|
COVERAGE: |
FIRE AND EXPLOSÃO |
|
VALUE: |
R$ 228.330.000,00 |
|
|
|
|
INSURANCE COMPANY: |
ITAU SEGUROS S/A |
|
COVERAGE: |
ELECTRIC DAMAGES AND WINDSTORM |
|
VALUE: |
R$ 10.000.000,00 |
|
|
|
|
INSURANCE COMPANY: |
ITAU SEGUROS S/A |
|
COVERAGE: |
THEFT |
|
VALUE: |
R$ 61.300.000,00 |
|
|
BRANCH/PHONE: |
|
|
BANCO SAFRA S/A |
19 3707-6517 |
|
|
BANCO REAL (SANTANDER) S/A |
19 3735-2415 |
|
|
BANCO ITAÚ S/A |
19 3707-5503 |
|
|
BANCO BBM |
11 3704-0625 |
|
|
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 PROCESSING, INDUSTRIALIZATION,
COMMERCIALIZATION, IMPORT AND EXPORT OF CHEMICAL AND PHARMACEUTICAL PRODUCTS IN
GENERAL, RENDERING OF SERVICES ON THE ACCOUNT OF OTHERS. |
|
IMPORT AND
EXPORT: |
IMPORTS FROM:
|
SPAIN, INDIA, MEXICO, DENMARK AND GERMANY. |
EXPORTS TO:
|
MEXICO. |
|
MAIN CLIENTS: |
|
|
|
|
|
|
|
DOMESTIC
CLIENTS: |
|
PHONE: |
|
ATHOS FARMA S/A |
|
31 3228-1318 |
|
AUDIFAR COMERCIAL LTDA |
|
11 6423-3251 |
|
DIMED DISTR. MEDICAMENTOS LTDA |
|
51 3223-2977 |
|
DISTR. FCÊUTICA PANARELLO LTDA |
|
62 3257-7050 |
|
DISTR. MEDIC. STA. CRUZ LTDA |
|
41 316-2214 |
|
DROGARIA SÃO PAULO S/A |
|
11 3347-2885 |
|
ITA REPRES. PROD. FCÊUTICOS LTDA |
|
27 3326-2033 |
|
JAMYR VASCONCELOS S/A |
|
21 2472-2831 |
|
MERCANTIL FARMED LTDA |
|
11 3839-5680 |
|
MERCANTIL FARMED LTDA |
|
11 3839-5680 |
|
PROFARMA DISTR. PROD FCÊUTICOS LTDA |
|
21 2494-7300 |
|
REYDROGAS COMERCIAL LTDA |
|
62 846-2800 |
|
SAGRA PRODS FARMACÊUTICOS LTDA |
|
16 2101-9238 |
|
SERVIMED COMERCIAL LTDA |
|
14 2106-2000 |
|
STAFF: |
|
|
|
THE COMPANY HAS: 1300 EMPLOYEE(S) |
|
THE SUBJECT IS A WELL-ESTABLISHED COMPANY. IT OPERATES WITH HIGH SCALE
OF ACTIVITIES. BOTH THE COMPANY AND ITS PRINCIPALS HAVE A GOOD TRADE
REPUTATION. 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. THE LAWSUITS REPORTED ARE NOT RELATED WITH TRADE DEBTS. THEY ARE
RELATED TO TAX DEBTS THAT FOR ANY REASON THE COMPANY HAS NOT YET PAID.
NEVERTHELESS WE POINT OUT THAT THE SAID LAWSUITS DO NOT AFFECT THE COMPANY'S
TRADE REPUTATION. OUR INVESTIGATION THROUGH THE PUBLIC RECORDS SHOWED SOME DETRIMENTAL
FILES REGISTERED AGAINST THE SUBJECT BUT DUE TO THE SUBJECT'S HIGH FINANCIAL
STRENGTH AND HIGH SCALE OF OPERATIONS THE DETRIMENTAL FILES DO NOT AFFECT ITS
TRADE REPUTATION. THE BANKRUPTCY PETITION HAS BEEN FILED BY A CREDITOR IN ORDER TO FORCE
THE SUBJECT TO PAY THE OWNED DEBT. SUCH PETITION IS THE RESULT OF A
DISAGREEMENT RATHER THAN TO FINANCIAL HARDSHIP. AS SUBJECT HAS VERY HIGH
FINANCIAL POWER IT IS VERY UNLIKELY THE JUDGE APPROVE SUCH BANKRUPTCY
PETITION. |
|
MAIN SUPPLIERS: |
|
|
|
|
|
|
|
DOMESTIC
SUPPLIERS: |
|
PHONE: |
|
ABBOTT LABORATÓRIOS DO BRASIL LTDA |
|
11 5536-7234 |
|
BAFEMA S/A IND. COMERCIO |
|
11 5524-1901 |
|
BAYER S/A |
|
11 5694-5908 |
|
COREMAL COMERCIO E REPRESENTACOES MAIA LTDA |
|
|
|
FAPATI IND. COM. MAT. PLAST. LTDA |
|
11 3658-8875 |
|
INDUKERN DO BRASIL QUIMICA LTDA |
|
|
|
J DIONISIO VEICULOS LTDA |
|
|
|
MAKENI CHEMICALS COMERCIO E INDUSTRIA DE PRODUTOS QUIMICOS L |
|
|
|
MERCK S/A |
|
11 3346-8576 |
|
NORTEC NORDESTE DESENV. LTDA |
|
21 3651-7316 |
|
PLASTWAL IND. PLAST. LTDA |
|
11 4613-7611 |
|
QUIMICA AMPARO LTDA |
|
|
|
SANT-GOBAIN VIDROS S/A |
|
11 3874-7551 |
|
WHEATON DO BRASIL S/A |
|
11 4355-1989 |
|
FOREIGN
SUPPLIERS: |
COUNTRY: |
PHONE: |
|
CIPLA LIMITED |
INDIA |
91- 2230-82891 |
|
ISDIN S/A |
SPAN |
34- 932-402020 |
|
MPI FARMACÊUTICA GMBH |
GERMANY |
49- 4030-37240 |
|
NOVO NORDISK A/S |
DENMARK |
45- 4444-8888 |
|
SYMBIÓTICA |
MALAYSIA |
604 - 4253499 |
|
PAYMENT HISTORY: |
|
6 SUPPLIERS REPORTED PAYMENTS: |
|
TOTAL AMOUNT: R$ 310.118,00 |
|
|
|
AMOUNT OF INVOICES PAID: 11 |
|
TOTAL OF PROMPT PAYMENTS: 100% |
|
HIGHEST INVOICE: R$ 122.465,00 |
|
THE SUBJECT IS A WELL-ESTABLISHED COMPANY. IT HAS
A HIGH SCALE OF ACTIVITIES AND A GOOD TRADE REPUTATION. 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. DESPITE THE ABSENCE FINANCIAL STANDING SHOWED AN INITIAL CREDIT LIMIT
OF USD 300.000,00 MAY BE CONSIDERED. FOR HIGHER AMOUNTS IT WOULD BE
RECOMMENDED DEMANDING A COLLATERAL OF THE SHAREHOLDERS. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.28 |
|
|
1 |
Rs.103.67 |
|
Euro |
1 |
Rs.85.18 |
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.