|
Report Date : |
04.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
NATULAB LABORATÓRIO S/A |
|
|
|
|
Registered Office : |
Rua H,2 Galpão Iii - Bairro Urbis II, 44574-150 - Santo Antonio DE Jesus/BA |
|
|
|
|
Country : |
Brazil |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
30.03.1998 |
|
|
|
|
Legal Form : |
Privately Held Corporation |
|
|
|
|
Line of Business : |
Manufacturer of pharmaceuticals |
|
|
|
|
No of Employees : |
780 |
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 1.000.000,00 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow But Correct |
|
|
|
|
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 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Brazil |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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 |
NATULAB LABORATÓRIO
S/A
|
MAIN ADDRESS: |
RUA H,2 GALPÃO III - BAIRRO URBIS II |
|
ZIP CODE/CITY: |
44574-150 - SANTO ANTONIO DE JESUS/BA |
|
|
|
|
PHONE: |
75 3311-5579 |
|
E-MAIL: |
|
|
WEB SITE: |
|
BRANCHES: |
|
NOT AVAILABLE. |
|
MAIN ACTIVITIES: |
|
MANUFACURE OF PHARMACEUTICALS. |
|
LEGAL FORM: |
PRIVATELY
HELD CORPORATION |
|
|
|
|
INCORPORATION DATE: |
30/03/1998 |
|
REGISTER DATE: |
30/03/1998 |
|
BALANCE SHEET FILING DATE: |
31/12 |
|
TAX CONTRIBUTOR NUMBER(CNPJ): |
02.456.955/0001-83 |
|
STATE REGISTER: |
48.969.842 |
|
|
|
|
SHARE CAPITAL: |
R$ 94.697.988,00 |
|
BOARD OF
DIRECTORS: |
|
|
|
|
|
MARCONI TRINDADE SAMPAIO |
PRESIDENT DIRECTOR |
|
CLAUDIO DA SILVA NEVES |
FINANCIAL DIRECTOR |
|
ROGER BATISTA ASSIS VIANA |
ADMINISTRATIVE DIRECTOR |
|
NORBERTO WHITAKER SOBRAL JANNUZZI |
COMMERCIAL DIRECTOR |
|
THE DIRECTORS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
|
SHAREHOLDERS / PARTNERS: |
|
|
|
|
|
ARRIBA PARTICIPAÇÕES S/A |
55,47% |
|
SONIA LAURA TRINDADE SAMPAIO |
9,12% |
|
OTHERS |
35,41% |
|
AFFILIATES /
SUBSIDIARIES: |
|
|
|
|
|
GRANJAS CANAA LTDA |
|
|
BRAZILIAN FIREWORKS INDUSTRIAL LTDA ME |
|
|
FAMILY EMPREENDIMENTOS E PARTICIPAÇÕES
LTDA |
|
|
MILTON DE OLIVEIRA SAMPAIO |
|
|
NATULAB TECN E SERV ESPECIALIZADOS LTDA |
|
|
TRANSAÚDE GESTÃO DE SERVIÇOS LTDA |
|
|
DOTE GESTÃO DE EVENTOS LTDA ME |
|
|
CONTACT ASSESSORIA - PREST SERV DE CALL CENTER SÃO PAULO LTD |
|
|
CAU CENTRAL DE ATENDIMENTO A USUÁRIOS LTDA |
|
|
SEMPREUTIL COM E DISTRIBUIÇÃO LTDA EPP |
|
|
CARVÃO ITÚ LTDA |
|
|
MARFIM PARTICIPAÇÕES PATRIMONIAIS LTDA |
|
|
R. PIRES IND E COM DE ALIMENTOS LTDA |
|
|
PRAIA DO SOL EMPREEND CONS E PARTICIPAÇÕES LTDA |
|
|
AUXILIUM ENG CONS ADM PRISIONAL LTDA |
|
|
PALADIUM EMPREEND E PARTICIPAÇÕES LTDA ME |
|
|
DIRIGIR CLÍNICA MEDICA S/C LTDA |
|
|
SALIMAR EMPREENDIMENTOS MARINHOS LTDA |
|
|
PROMOEVENT PROMOÇÕES E EVENTOS LTDA |
|
|
CIVILIZAÇÃO COMERCIO E SERVIÇOS LTDA |
|
|
PETNOR IND E COMERCIO DE EMBALAGENS LTDA |
|
|
MILTON DE OLIVEIRA SAMPAIO JUNIOR ME |
|
|
A SCAN THROUGH OUTSIDE SOURCES SHOWED THE SUBJECT AND/OR |
|
|
DIRECTORS HAS THE FOLLOWING UNCONFIRMED HOLDINGS: |
|
|
THE SUBJECT WAS ESTABLISHED ON MARCH 30, 1998 AS NATULAB LAORATÓRIO LTDA.
TO BE ENGAGED IN THE SAID LINE OF BUSINESS. ON JUNE 30, 2004 IT ALTERED TO
NATULAB LABORATORIO FARMACÊUTICO LTDA. ON DECEMBER 12, 2007 IT ADOPTED THE
ABOVE-MENTIONED NAME. TRADE NAME: "NATULAB LABORATÓRIO FARMACÊUTICO". FURTHER DETAILS ARE SO FAR NOT KNOWN. |
|
PUBLIC
INFORMATION: |
|
LAWSUITS: |
|
|
|
|
DATE: |
COURT OF LAW: |
|
1 |
FEDERAL LAWSUIT |
20/09/13 |
20ª VARA DE SALVADOR/BA |
|
GENERAL BALANCE SHEETS AS OF 31/12/2013, 31/12/2012 AND 31/12/2011. |
|
( FIGURES ARE IN THOUSANDS OF REAIS ). |
|
ASSETS |
|
|
|
|
CURRENT: |
31/12/2013 |
31/12/2012 |
31/12/2011 |
|
|
|
|
|
|
CASH AND CASH EQUIVALENTS |
2.736 |
2.085 |
1.065 |
|
INVESTMENTS |
|
17 |
221 |
|
CLIENTS |
35.029 |
27.911 |
16.992 |
|
INVENTORY |
22.066 |
12.538 |
7.643 |
|
RECOVERABLE TAXES |
1.174 |
1.041 |
488 |
|
OTHER |
2.440 |
1.888 |
644 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT ASSETS |
63.445 |
45.480 |
27.053 |
|
LONG-TERM
RECEIVABLES: |
|
|
|
|
|
|
|
|
|
NOTES RECEIVABLE |
451 |
407 |
237 |
|
CREDIT WITH RELTD COMPANIES |
3.011 |
1.079 |
1.434 |
|
OTHER CREDITS |
590 |
590 |
135 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG-TERM RECEIVABLES |
4.052 |
2.076 |
1.806 |
|
FIXED ASSETS: |
|
|
|
|
|
|
|
|
|
FIXED ASSETS |
44.718 |
23.507 |
16.473 |
|
INTANGIBLE |
16.558 |
23.538 |
19.933 |
|
INVESTMENTS |
19.894 |
14.506 |
6.637 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL FIXED ASSETS |
81.170 |
61.551 |
43.043 |
|
|
============== |
============== |
=============== |
|
TOTAL ASSETS |
148.667 |
109.107 |
71.902 |
|
LIABILITIES: |
|
|
|
|
CURRENT: |
31/12/2013 |
31/12/2012 |
31/12/2011 |
|
|
|
|
|
|
SUPPLIERS |
13.586 |
6.534 |
3.525 |
|
LOANS AND FINANCING |
17.536 |
17.607 |
10.282 |
|
SOCIAL / LABOR OBLIGATIONS |
3.035 |
2.409 |
1.469 |
|
TRIBUTARY OBLIGATIONS |
1.917 |
2.528 |
2.481 |
|
INCOME TAX/SOCIAL CONTRIBUTION |
136 |
1.132 |
165 |
|
LABOR PROVISIONS |
4.508 |
3.102 |
1.872 |
|
PROFIT SHARING |
421 |
402 |
511 |
|
OTHER |
752 |
122 |
168 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT LIABILITIES |
41.891 |
33.836 |
20.473 |
|
LONG TERM
LIABILITIES: |
|
|
|
|
|
|
|
|
|
LOANS AND FINANCING |
11.212 |
14.382 |
9.485 |
|
TRIBUTARY OBLIGATIONS |
12.607 |
9.674 |
8.863 |
|
PROFIT SHARING |
1.200 |
870 |
814 |
|
DIVIDENDS PAYABLE |
|
2.672 |
785 |
|
DEFERRED TAXES |
570 |
570 |
384 |
|
DEBT WITH RELATED COMPANIES |
15 |
332 |
1.340 |
|
ACCOUNTS PAYABLE |
462 |
418 |
458 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG TERM LIABILITIES |
26.066 |
28.918 |
22.129 |
|
NET EQUITY: |
|
|
|
|
|
|
|
|
|
SHARE CAPITAL |
90.240 |
30.460 |
15.962 |
|
TREASURY SHARES |
-300 |
-300 |
-1.373 |
|
OTHER COMPREHENSIVE INCOME |
816 |
816 |
816 |
|
OTHER |
-12.822 |
-1.172 |
|
|
PROFIT RESERVES |
2.776 |
16.549 |
13.895 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL NET EQUITY |
80.710 |
46.353 |
29.300 |
|
|
============== |
=============== |
=============== |
|
TOTAL LIABILITIES |
148.667 |
109.107 |
71.902 |
|
PROFIT AND LOSS ACCOUNTS AS OF 31/12/2013, 31/12/2012 AND 31/12/2011. |
|
( FIGURES ARE IN THOUSANDS OF REAIS ). |
|
|
31/12/2013 |
31/12/2012 |
31/12/2011 |
|
|
|
|
|
|
NET SALES |
111.179 |
87.301 |
50.814 |
|
(-) COST OF SOLD GOODS |
50.954 |
40.477 |
24.283 |
|
|
---------------- |
---------------- |
---------------- |
|
GROSS PROFIT |
60.225 |
46.824 |
26.531 |
|
OPERATING REVENUE (EXPENSE) |
-51.221 |
-22.174 |
-14.015 |
|
FINANCIAL REVENUE(EXPENSE) |
-7.954 |
-5.886 |
-6.236 |
|
|
---------------- |
---------------- |
---------------- |
|
OPERATIONAL PROFIT (LOSS) |
1.050 |
18.764 |
6.280 |
|
CONTRIBUTION/INCOME TAX |
|
-1.153 |
-165 |
|
|
---------------- |
---------------- |
---------------- |
|
NET PROFIT (LOSS) |
1.050 |
17.611 |
6.115 |
|
RATIOS: |
31/12/2013 |
31/12/2012 |
31/12/2011 |
|
QUICK RATIO |
,99 |
|
,97 |
|
,95 |
|
|
CURRENT RATIO |
1,51 |
|
1,34 |
|
1,32 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
3,17 |
TIMES |
3,13 |
TIMES |
2,99 |
TIMES |
|
DAYS' SALES IN RECEIVABLES |
113,42 |
DAYS |
115,10 |
DAYS |
120,38 |
DAYS |
|
INVENTORY TURNOVER |
2,31 |
TIMES |
3,23 |
TIMES |
3,18 |
TIMES |
|
ACCOUNTS PAYABLE PERIOD |
95,99 |
DAYS |
58,11 |
DAYS |
52,26 |
DAYS |
|
RETURN ON ASSETS |
,75 |
TIMES |
,80 |
TIMES |
,71 |
TIMES |
|
SALES TURNOVER ON NET EQUITY |
1,38 |
TIMES |
1,88 |
TIMES |
1,73 |
TIMES |
|
NET WORTH TIE-UP |
,55 |
|
,51 |
|
,56 |
|
|
INDEBTEDNESS |
,84 |
|
1,35 |
|
1,45 |
|
|
EQUITY RATIO |
54,29 |
% |
42,48 |
% |
40,75 |
% |
|
WORKING CAPITAL RATIO |
51,45 |
% |
34,41 |
% |
32,14 |
% |
|
GENERAL SOLVENCY |
2,19 |
|
1,74 |
|
1,69 |
|
|
RETURN ON NET EQUITY |
1,30 |
% |
37,99 |
% |
20,87 |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
,94 |
% |
20,17 |
% |
12,03 |
% |
|
GROSS PROFIT MARGIN |
54,17 |
% |
53,64 |
% |
52,21 |
% |
|
OPERATIONAL RESULT |
,94 |
% |
21,49 |
% |
12,36 |
% |
|
SALES TURNOVER ON LIABILITIES |
2,65 |
TIMES |
2,58 |
TIMES |
2,48 |
TIMES |
|
FOREIGN CURRENCY ON ASSETS |
|
|
|
|
|
|
|
FOREIGN CURRENCY ON LIABILITIES |
|
|
|
|
|
|
|
EXCHANGE RATE: |
|
|
US$ 1,00 = R$ 2,22 |
- OFFICIAL RATE ON 29/05/2014 |
|
US$ 1,00 = R$ 2,34 |
- OFFICIAL RATE
ON 31/12/2013 |
|
US$ 1,00 = R$ 2,04 |
- OFFICIAL RATE ON 31/12/2012 |
|
US$ 1,00 = R$ 1,87 |
- OFFICIAL RATE ON 31/12/2011 |
|
COMMENTS ON THE
FINANCIAL INFORMATION: |
|
FOLLOWS ATTACHED WORKSHEET WITH MAIN FINANCIAL RATIOS THE FIGURES AVAILABLE SHOW A FAIR FINANCIAL STANDING. THE LEVEL OF
INDEBTEDNESS IS HIGH BUT IT HAS GOOD CURRENT RATIO AND POSITIVE WORKING
CAPITAL, CONSIDERED SUFFICIENT TO COVER THE SHORT TERM DEBTS. IT ALSO SHOWS
GROWING SALES AND MADE PROFIT. |
|
REAL ESTATE: |
OWNED PREMISES ARE VALUED AT R$ 639.000,00
|
VEHICLES: |
NOT AVAILABLE
|
MACHINES: |
NOT AVAILABLE
NOT AVAILABLE
|
|
BRANCH/PHONE: |
|
|
BANCO DO BRASIL S/A |
0563-0 / 75 3631-4333 |
|
|
BANCO BRADESCO S/A |
1425-7 / 71 3355-6453 |
|
|
BANCO MERCANTIL S/A |
0094 / 71 4009-7500 |
|
|
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"). |
|
MANUFACURE OF PHARMACEUTICALS. |
|
IMPORT AND
EXPORT: |
IMPORTS FROM:
|
NOT AVAILABLE. |
EXPORTS TO:
|
NOT AVAILABLE. |
|
MAIN CLIENTS: |
|
|
|
|
|
|
|
DOMESTIC
CLIENTS: |
|
|
|
MEDCHAP DISTRIBUIDORA DE MEDICAMENTOS CHAPECÓ LTDA |
|
|
|
MS FARMA COMERCIAL LTDA |
|
|
|
MSR FARMA COMERCIAL LTDA |
|
|
|
RAIMUNDO FLORINDO DE CASTRO |
|
|
|
STAFF: |
|
|
|
THE COMPANY HAS: 780 EMPLOYEE(S) |
|
THE SUBJECT IS A WELL-ESTABLISHED COMPANY, OPERATING SINCE 1998. SO FAR
IT HAS A CLEAR TRADE HISTORY AND GOOD PAYMENT BEHAVIOR. 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: |
|
PHONE: |
|
AB PLAST PLÁSTICOS LTDA |
|
47 3451-9103 |
|
ADRIANO & ANDRE LUIZ DE CASTRO ARAUJO LTDA ME |
|
|
|
ADRIVAN |
|
11 6163-6210 |
|
ALCAN PACKAGING DO BRASIL LTDA |
|
|
|
ANASTÁCIO |
|
11 3578-3671 |
|
CAMURI COM EMB DOCES LTDA |
|
75 3602-9686 |
|
CIA INDUSTRIAL DE VIDROS - CIV |
|
81 3272-4486 |
|
COMAPEL |
|
75 3631-8000 |
|
CONSERLI |
|
11 6953-7623 |
|
COSMOQUIMICA |
|
11 9772-4937 |
|
EMBAHIA IND COM DE PLASTICOS LTDA |
|
71 594-9661 |
|
ETICOLA |
|
75 3623-1888 |
|
HEAT LABEL |
|
11 2441-0210 |
|
INDUKERN |
|
11 3689-7666 |
|
INJETPLAST |
|
82 522-3122 |
|
LABSYNTH |
|
11 4072-6103 |
|
STARPACK |
|
11 2875-5712 |
|
VEDAT |
|
11 2133-1212 |
|
PAYMENT HISTORY: |
|
13 SUPPLIERS REPORTED PAYMENTS: |
|
TOTAL AMOUNT: R$ 1.155.033,00 |
|
|
|
AMOUNT OF INVOICES PAID: 206 |
|
TOTAL OF PROMPT PAYMENTS: 87,9% |
|
TOTAL OF DELAYED PAYMENTS: 12,1% |
|
|
|
HIGHEST INVOICE: R$ 50.872,00 |
|
HIGHEST CREDIT: R$ 50.872,00 |
THE SUBJECT IS A WELL-ESTABLISHED COMPANY IN BUSINESS FOR SEVERAL YEARS. UP TO DATE IT HAS A CLEAR TRADE HISTORY AND NORMAL PAYMENT BEHAVIOR.
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.
AN INITIAL CREDIT LIMIT OF USD 1.000.000,00 MAY BE CONSIDERED.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 59.21 |
|
|
1 |
Rs. 99.16 |
|
Euro |
1 |
Rs. 80.56 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
DPT |
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.