MIRA INFORM REPORT
|
Report No. : |
309672 |
|
Report Date : |
03.03.2015 |
IDENTIFICATION DETAILS
|
Name : |
INTERMEIOS DISTRIBUIDORA DE INSUMOS
FARMACÊUTICOS LTDA - EPP |
|
|
|
|
Registered Office : |
AV. BRASIL,1660 - Vila Dona Maria, 75123-390 - Anapolis/Go |
|
|
|
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Country : |
Brazil |
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|
|
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Financials (as on) : |
31.12.2011 |
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|
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Date of Incorporation : |
11.04.2006 |
|
|
|
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Legal Form : |
Limited Liability Company |
|
|
|
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Line of Business : |
Subject is engaged in import, export and trade of drugs for human use,
as well as pharmaceutical supplies and storage services. |
|
|
|
|
No. of Employee : |
Not Available |
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 |
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|
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Payment Behaviour : |
Unknown |
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|
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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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Brazil |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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
INTERMEIOS
DISTRIBUIDORA DE INSUMOS FARMACÊUTICOS LTDA - EPP
ADDRESSES
|
|
MAIN ADDRESS: |
AV. BRASIL,1660 - VILA DONA MARIA |
|
ZIP CODE/CITY: |
75123-390 - ANAPOLIS/GO |
|
|
|
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PHONE: |
62 3317-5737 |
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FAX: |
62 3317-5737 |
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E-MAIL: |
info.intermeios@gmail.com |
|
WEB SITE: |
www.intermeios.com.br |
BRANCHES
|
|
NOT AVAILABLE. |
LEGAL
DATA
|
|
MAIN ACTIVITIES |
|
IMPORT, EXPORT AND TRADE OF DRUGS FOR HUMAN USE, AS WELL AS
PHARMACEUTICAL SUPPLIES AND STORAGE SERVICES. |
|
LEGAL FORM: |
LIMITED
LIABILITY COMPANY |
|
|
|
|
INCORPORATION DATE: |
11/04/2006 |
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REGISTER DATE: |
11/04/2006 |
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BALANCE SHEET FILING DATE: |
31/12 |
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TAX CONTRIBUTOR NUMBER(CNPJ): |
07.943.281/0001-65 |
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STATE REGISTER: |
10401937-9 |
|
|
|
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SHARE CAPITAL: |
R$ 450.000,00 |
|
LAST REGISTER OF CAPITAL: |
24/02/2011 |
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BOARD OF DIRECTORS:
|
|
|
|
|
|
KARTIK KIRAN PARIKH |
MANAGING PARTNER |
AUTHORIZED
USE OF SIGNATURE
|
|
THE MANAGING PARTNER IS AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
|
SHAREHOLDERS /
PARTNERS: |
|
|
|
|
|
KARTIK KIRAN PARIKH |
50,00% |
|
NISHIT PRAKASH KADAKIA |
50,00% |
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AFFILIATES /
SUBSIDIARIES: |
|
|
|
|
|
NOT AVAILABLE |
|
COMPANY'S
BACKGROUND
|
|
THE SUBJECT WAS ESTABLISHED ON APRIL 11, 2006 TO BE ENGAGED IN THE SAID
LINE OF BUSINESS. ONLY IN 2011 IT STARTED ITS OPERATIONS AND UP TO DATE IT IS
STILL OPERATING WITHIN THE GENERAL SCENE REPORTED HEREIN. THE COMPANY OPERATES WITH THE TRADE NAME "INTERMEIOS". PARTNERS: KARTIK KIRAN PARIKH, INDIAN, SINGLE, HOLDER OF DOCUMENTS, RNE V68961-9
AND CPF 700.116.041-58, RESIDENTIAL ADDRESS AT AV. BRASIL 1660, VILA DONA
MARIA - ANÁPOLIS/GO; NISHIT PRAKASH KADAKIA, INDIAN, MARRIED, HOLDER OF DOCUMENTS, PASSPORT
G2697400-INDIA AND CPF 752.176.941-49, RESIDENTIAL ADDRESS AT A-L/3 B/II,
CHANDRALOCK COMPLEX PARADISE, SECUNDERABAD (AP) - INDIA. FURTHER DETAILS ABOUT THE SUBJECT'S HISTORY IS SO FAR NOT KNOWN. REMARKS: -------- WHEN INTERVIEWED SOURCES AT THE SUBJECT STATED THAT ARE STILL WAITING FOR
AUTHORIZATION FROM THE PRINCIPALS TO PROVIDE THE DATA NECESSARY TO COMPLETE
THIS REPORT. A REQUEST FOR FURTHER DATA HAS BEEN SENT TO THE COMPANY. PROVIDED THE
DATA REQUESTED ARE RECEIVED FROM THE SUBJECT A COMPLEMENTARY REPORT WILL BE
SEND TO YOUR ATTENTION. 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. |
|
ASSETS |
|
|
|
|
CURRENT: |
31/12/2011 |
|
|
|
|
|
|
|
|
CASH |
12.961,73 |
|
|
|
BANKS |
2.846,30 |
|
|
|
CLIENTS |
116.531,31 |
|
|
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ADVANCE TO SUPPLIERS |
34.473,20 |
|
|
|
RECOVERABLE TAXES |
8.505,72 |
|
|
|
INVENTORY |
58.723,13 |
|
|
|
|
---------------- |
|
|
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TOTAL CURRENT ASSETS |
234.041,39 |
|
|
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FIXED ASSETS: |
|
|
|
|
|
|
|
|
|
FIXED ASSETS |
28.527,00 |
|
|
|
DEFERRED |
158.438,52 |
|
|
|
|
---------------- |
|
|
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TOTAL FIXED ASSETS |
186.965,52 |
|
|
|
|
================ |
|
|
|
TOTAL ASSETS |
421.006,91 |
|
|
|
LIABILITIES: |
|
|
|
|
CURRENT: |
31/12/2011 |
|
|
|
|
|
|
|
|
SUPPLIERS |
184.843,16 |
|
|
|
SALARIES PAYABLE |
721,00 |
|
|
|
SOCIAL OBLIGATIONS |
997,15 |
|
|
|
TAX LIABILITIES |
7.027,39 |
|
|
|
LOANS AND FINANCING |
70.998,44 |
|
|
|
|
---------------- |
|
|
|
TOTAL CURRENT LIABILITIES |
264.587,14 |
|
|
|
NET EQUITY: |
|
|
|
|
|
|
|
|
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SHARE CAPITAL |
437.500,00 |
|
|
|
ACCRUED PROFIT (LOSS) |
-281.080,23 |
|
|
|
|
---------------- |
|
|
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TOTAL NET EQUITY |
156.419,77 |
|
|
|
|
================ |
|
|
|
TOTAL LIABILITIES |
421.006,91 |
|
|
|
PROFIT AND LOSS ACCOUNTS AS OF 31/12/2011. |
|
( FIGURES ARE IN REAIS ). |
|
|
31/12/2011 |
|
|
|
|
|
|
|
|
GROSS SALES |
26.122,50 |
|
|
|
(-) TAXES ON SALES |
3.634,78 |
|
|
|
|
---------------- |
|
|
|
NET SALES |
22.487,72 |
|
|
|
(-) COST OF SOLD GOODS |
50.692,90 |
|
|
|
|
---------------- |
|
|
|
GROSS PROFIT |
-28.205,18 |
|
|
|
OPERATING REVENUE (EXPENSE) |
-117.987,96 |
|
|
|
FINANCIAL REVENUE(EXPENSE) |
-9.229,03 |
|
|
|
|
---------------- |
|
|
|
OPERATIONAL PROFIT (LOSS) |
-155.422,17 |
|
|
|
CONTRIBUTION/INCOME TAX |
-1.563,79 |
|
|
|
|
---------------- |
|
|
|
NET PROFIT (LOSS) |
-156.985,96 |
|
|
|
MONTHLY SALES |
|||
|
|
2013 |
2012 |
|
|
|
--------------------- |
--------------------- |
|
|
JANUARY |
R$ 205.152,50 |
R$ 35.132,00 |
|
|
FEBRUARY |
R$ 220.011,30 |
R$ 46.931,35 |
|
|
MARCH |
R$ 219.035,10 |
R$ 84.573,50 |
|
|
APRIL |
R$ 238.705,25 |
R$ 132.875,25 |
|
|
MAY |
R$ 172.511,50 |
R$ 132.571,50 |
|
|
JUNE |
R$ 220.910,50 |
R$ 158.980,50 |
|
|
JULY |
R$ 225.868,00 |
R$ 230.828,00 |
|
|
AUGUST |
R$ 264.019,50 |
R$ 246.033,25 |
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|
SEPTEMBER |
|
R$ 283.240,00 |
|
|
OCTOBER |
|
R$ 252.103,50 |
|
|
NOVEMBER |
|
R$ 210.165,65 |
|
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DECEMBER |
|
R$ 205.115,50 |
|
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TOTAL |
R$ 1.766.213,65 |
R$ 2.018.550,00 |
|
|
RATIOS: |
31/12/2011 |
|
|
|
QUICK RATIO |
,66 |
|
|
|
|
|
|
CURRENT RATIO |
,88 |
|
|
|
|
|
|
ACCOUNTS RECEIVABLE TURNOVER |
,19 |
TIMES |
|
|
|
|
|
DAYS' SALES IN RECEIVABLES |
1.865,52 |
DAYS |
|
|
|
|
|
INVENTORY TURNOVER |
,86 |
TIMES |
|
|
|
|
|
ACCOUNTS PAYABLE PERIOD |
1.312,68 |
DAYS |
|
|
|
|
|
RETURN ON ASSETS |
,05 |
TIMES |
|
|
|
|
|
SALES TURNOVER ON NET EQUITY |
,14 |
TIMES |
|
|
|
|
|
NET WORTH TIE-UP |
,18 |
|
|
|
|
|
|
INDEBTEDNESS |
1,69 |
|
|
|
|
|
|
EQUITY RATIO |
37,15 |
% |
|
|
|
|
|
WORKING CAPITAL RATIO |
-11,54 |
% |
|
|
|
|
|
GENERAL SOLVENCY |
1,59 |
|
|
|
|
|
|
RETURN ON NET EQUITY |
-100,36 |
% |
|
|
|
|
|
RETURN ON SALES (PROFIT MARGIN) |
-698,10 |
% |
|
|
|
|
|
GROSS PROFIT MARGIN |
-125,42 |
% |
|
|
|
|
|
OPERATIONAL RESULT |
-691,14 |
% |
|
|
|
|
|
SALES TURNOVER ON LIABILITIES |
,09 |
TIMES |
|
|
|
|
|
FOREIGN CURRENCY ON ASSETS |
|
|
|
|
|
|
|
FOREIGN CURRENCY ON LIABILITIES |
|
|
|
|
|
|
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EXCHANGE RATE: |
|
|
US$ 1,00 = R$ 2,87 |
- OFFICIAL RATE ON 27/02/2015 |
|
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 AN IRREGULAR FINANCIAL STANDING. IT SHOWS LOW
LIQUIDITY RATIOS AND VERY HIGH LEVEL OF INDEBTEDNESS. IN ADDITION IT IS NOTED
MODEST SALES AND NEGATIVE RESULTS. REMARK: A REQUEST FOR FURTHER FINANCIAL DATA HAS BEEN SENT TO THE COMPANY.
PROVIDED THE DATA REQUESTED ARE RECEIVED FROM THE SUBJECT A COMPLEMENTARY
REPORT WILL BE SEND TO YOUR ATTENTION. |
|
REAL ESTATE: |
NOT AVAILABLE
|
VEHICLES: |
NOT AVAILABLE
|
MACHINES: |
NOT AVAILABLE
INSURANCE
|
|
NOT AVAILABLE. |
BANKING
REFERENCES
|
|
|
BRANCH/PHONE: |
|
|
BANCO DO BRASIL S/A |
0324-7 / 62 3310-1521 |
|
|
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"). DATE RESEARCHED: FEBRUARY 27, 2015. |
ACTIVITIES
COMMENTS
|
|
IMPORT, EXPORT AND TRADE OF DRUGS FOR HUMAN USE, AS WELL AS
PHARMACEUTICAL SUPPLIES AND STORAGE SERVICES. |
|
IMPORT AND
EXPORT: |
IMPORTS FROM:
|
INDIA. |
EXPORTS TO:
|
NOT AVAILABLE. |
|
MAIN CLIENTS: |
|
|
|
|
|
|
|
DOMESTIC
CLIENTS: |
|
|
|
NOT AVAILABLE |
|
|
|
STAFF: |
|
|
|
NOT AVAILABLE. |
CONCEPT
AND FULFILMENT
|
|
THE SUBJECT WAS ESTABLISHED IN 2006. SO FAR IT HAS A CLEAR TRADE
HISTORY AND NO ADVERSE INFORMATION IS NOTED. LITTLE OR NOTHING IS LOCALLY KNOWN OF SUBJECT AS A USER OF CREDIT
FACILITIES. |
|
MAIN SUPPLIERS: |
|
|
|
|
|
|
|
DOMESTIC
SUPPLIERS: |
|
PHONE: |
|
BANDEIRANTE QUÍMICA - MURTA |
|
11 3612-5612 |
|
ECADIL_S/A |
|
19 3872-3033 |
|
NUTRIFARM DO BRASIL |
|
11 3922-2222 |
|
FOREIGN
SUPPLIERS: |
COUNTRY: |
|
|
APEX HEALTHCARE LTD |
INDIA |
|
|
INDO-MED LABORATORIES |
INDIA |
|
|
SHRUTI DRUGS PVT. LTD |
INDIA |
|
|
PAYMENT HISTORY: |
|
Unknown |
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 ABSENCE OF FURTHER FINANCIAL DATA. |
|
BALANCE SHEET
ANALYSIS |
FIGURES ARE IN
REAIS |
|
|
|
31-12-11 |
|
|
ASSETS |
|
% |
|
Current Assets |
55.59 |
|
|
Fixed Assets |
$ 186,966 |
44.41 |
|
TOTAL ASSETS |
$ 421,007 |
100.00 |
|
LIABILITIES |
|
|
|
Current Liabilities |
$ 264,587 |
62.85 |
|
Long-Term Liabilities |
$ - |
0.00 |
|
TOTAL LIABILITIES |
$ 264,587 |
62.85 |
|
Deferred Income |
$ - |
0.00 |
|
Net Equity |
$ 156,420 |
37.15 |
|
TOTAL LIABILITIES + NET EQUITY |
$ 421,007 |
100.00 |
|
PROFIT AND LOSS ACCOUNTS |
|
|
|
Net Sales |
$ 22,488 |
100.00 |
|
Costs |
$ 50,693 |
225.42 |
|
Gross Profit |
$ (28,205) |
-125.42 |
|
Operating expenses |
$ (117,988) |
-524.68 |
|
operational Result |
$ (155,422) |
-691.14 |
|
Net Profit (loss) |
$ (156,986) |
-698.10 |
|
COMPLEMENTARY DATA |
|
|
|
Inventory |
$ 58,723 |
|
|
Accounts receivable |
$ 116,531 |
|
|
Accounts Payable |
$ 184,843 |
|
|
Property, plant and equipment |
$ 28,527 |
|
|
Purchases |
$ 186,966 |
|
|
Financial Expenses |
$ (9,229) |
|
|
Foreign Currency Assets |
|
|
|
Foreign Currency Liabilities |
|
|
|
Working Capital |
$ (30,546) |
|
|
RATIOS: |
|
|
|
QUICK RATIO |
0.66 |
|
|
CURRENT RATIO |
0.88 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
0.19 |
times |
|
DAYS' SALES IN RECEIVABLES |
1,865.52 |
days |
|
INVENTORY TURNOVER |
0.86 |
times |
|
1,312.68 |
days |
|
|
RETURN ON ASSETS |
0.05 |
times |
|
SALES TURNOVER ON NET EQUIY |
0.14 |
times |
|
NET WORTH TIE-UP |
0.18 |
|
|
ENDEBTEDNESS |
1.69 |
|
|
EQUITY RATIO |
37.15 |
% |
|
WORKING CAPITAL RATIO |
(11.54) |
% |
|
GENERAL SOLVENCY |
1.59 |
|
|
RETURN ON NET EQUITY |
(100.36) |
% |
|
RETURN ON SALES (PROFIT
MARGIN) |
(698.10) |
% |
|
GROSS PROFIT MARGIN |
(125.42) |
% |
|
OPERATIONAL RESULT |
(691.14) |
% |
|
SALES TURNOVER ON LIABILITIES |
0.08 |
times |
|
FOREIGN CURRENCY ON ASSETS |
- |
% |
|
FOREIGN CURRENCY ON
LIABILITIES |
- |
% |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.82 |
|
|
1 |
Rs.95.26 |
|
Euro |
1 |
Rs.69.13 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
ASH |
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.