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MIRA INFORM REPORT
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Report No. : |
500913 |
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Report Date : |
06.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
GEMINI INDUSTRIA DE INSUMOS FARMACEUTICOS
LTDA |
|
|
|
|
Registered Office : |
Rua VP 4D - S/Nº, Quadra,8 -A - Módulos I E Ii - Distrito Agroindustrial De Anápolis, 75132-105 - Anápolis/Go |
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Country : |
Brazil |
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Financials (as on) : |
31.12.2016 |
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Date of Incorporation : |
23.01.2009 |
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Legal Form : |
Limited Liability Company |
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|
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Line of Business : |
Manufacture, Import and Distribution of Pharmaceutical Products. |
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No. of Employees : |
160 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Good |
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Payment Behaviour : |
No Complaints |
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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
|
Country Name |
Previous
Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
Brazil |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
BRAZIL - ECONOMIC OVERVIEW
Brazil is the eighth-largest economy in the world, but is recovering from
a recession in 2015 and 2016 that ranks as the worst in the country’s history.
Falling commodity prices reduced export revenues and investment, which weakened
the Brazilian real and cut tax revenues. The weaker real made existing public
debt, which was largely denominated in foreign currency, more expensive. Lower
tax revenues strained the government budget.
Economic reforms, proposed in 2016, aim to slow the growth of government
spending and reduce barriers to foreign investment. Government spending growth
helped to push public debt to 78% of GDP at the end of 2017, up from 50% in
2012. Policies to strengthen Brazil’s workforce and industrial sector, such as
local content requirements, may have boosted employment at the expense of
investment.
Former President Dilma ROUSSEFF was impeached and convicted in August
2016 for moving funds among government budgets; the economy has also been
affected by multiple corruption scandals involving private companies and
government officials. Sanctions against the firms involved — some of the
largest in Brazil — has limited their business opportunities, producing a
ripple effect on associated businesses and contractors. In addition, investment
in these companies has declined because of the scandals.
Brazil is a member of the Common Market of the South (Mercosur), a trade
bloc including Argentina, Paraguay, Uruguay, and Venezuela. After the Asian and
Russian financial crises, Mercosur adopted a protectionist stance to guard
against exposure to the volatility of foreign markets. Brazil and its Mercosur
partners have pledged to open the bloc to more trade and investment, but
changes require approval of all five members, which makes policy adjustments
too difficult to enact.
|
Source
: CIA |
Company name
GEMINI
INDUSTRIA DE INSUMOS FARMACEUTICOS LTDA
ADDRESSES
|
|
MAIN ADDRESS: |
RUA VP 4D - S/Nº, QUADRA,8 -A - MÓDULOS I E II - DISTRITO
AGROINDUSTRIAL DE ANÁPOLIS |
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ZIP CODE/CITY: |
75132-105 - ANÁPOLIS/GO |
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PHONE: |
62 3701-5477 |
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E-MAIL: |
financeiro@purifarma.com.br |
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WEB SITE: |
www.purifarma.com.br |
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ORRECT ADDRESS: |
THE CORRECT ADDRESS IS STATED AT THE CAPTION. |
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BRANCHES: |
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ADDRESS: |
RUA FAUSTINO NEGRI,285 GALPÃO 05 - COOPERATIVA |
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ZIP CODE/CITY: |
09851-720 SÃO BERNARDO DO CAMPO/SP |
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CNPJ: |
10.690.195/0002-83 |
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|
|
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ADDRESS: |
RUA CORONEL CABRITA,137 - JARDIM DA GLÓRIA |
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ZIP CODE/CITY: |
01545-030 SÃO PAULO/SP |
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CNPJ: |
10.690.195/0003-64 |
LEGAL
DATA
|
|
MAIN ACTIVITIES: |
|
Manufacture, import and distribution of pharmaceutical products. |
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LEGAL FORM: |
Limited
Liability Company |
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|
|
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INCORPORATION DATE: |
23/01/2009 |
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REGISTER DATE: |
12/03/2009 |
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BALANCE SHEET FILING DATE: |
31/12 |
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TAX CONTRIBUTOR NUMBER(CNPJ): |
10.690.195/0001-00 |
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STATE REGISTER: |
10.450.596-6 |
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|
|
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SHARE CAPITAL: |
R$ 22.140.000,00 |
|
LAST REGISTER OF CAPITAL: |
27/07/2017 |
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BOARD OF
DIRECTORS: |
|
|
|
|
|
JÚLIO TOMIZO TANAKA |
MANAGING PARTNER |
|
VALDETE VIODRES TANAKA |
MANAGING PARTNER |
AUTHORIZED
USE OF SIGNATURE
|
|
THE MANAGING PARTNERS ARE AUTHORIZED TO SIGN ON BEHALF OF THE COMPANY. |
|
SHAREHOLDERS /
PARTNERS: |
|
|
|
|
|
JÚLIO TOMIZO TANAKA |
R$ 11.070.000,00 |
|
VALDETE VIODRES TANAKA |
R$ 11.070.000,00 |
|
AFFILIATES /
SUBSIDIARIES: |
|
|
A SCAN THROUGH OUTSIDE SOURCES SHOWED THE SUBJECT AND/OR DIRECTORS
HAS/HAVE THE FOLLOWING UNCONFIRMED HOLDINGS: |
|
|
TONICAR AUTO POSTO LTDA |
|
|
J. V. T. - CONSTRUTORA E INCORPORADORA LTDA. |
|
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LVA PARTICIPAÇÕES LTDA. |
|
|
PP LVA PARTICIPACOES LTDA |
|
|
LEPUGE INSUMOS FARMACEUTICOS LTDA |
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COMPANY'S
BACKGROUND
|
|
THE SUBJECT WAS ESTABLISHED ON JANUARY 23, 2009 TO BE ENGAGED IN THE SAID
LINE OF BUSINESS AND UP TO DATE IT IS STILL OPERATING WITHIN THE GENERAL
SCENE REPORTED HEREIN. THE COMPANY OPERATES WITH THE TRADE NAME "PURIFARMA". THE CONTACTS WITH THE SUBJECT WERE MADE THROUGH THE COMPANY OF THE
GROUP "LEPUGE INSUMOS FARMACEUTICOS LTDA" LOCATED AT RUA CORONEL
CABRITA, 131, SÃO PAULO - SP, CEP 01545-030. CNPJ 57.884.835/0002-50. PHONE
11 2067-5600. PARTNERS: JÚLIO TOMIZO TANAKA, BRAZILIAN, MARRIED, HOLDER OF DOCUMENTS, RG
11.005.913 SSP/SP AND CPF 006.297.068-24, RESIDENTIAL ADDRESS AT RUA ALAMEDA
DAS PRIMAVERAS 255, CONDOMINIO BOUGUEVILLE II - PERUÍBE/SP. VALDETE VIODRES TANAKA, BRAZILIAN, MARRIED, HOLDER OF DOCUMENTS, RG
15.652.513 SSP/SP AND CPF 075.619.338-94, RESIDENTIAL ADDRESS AT RUA ALAMEDA
DAS PRIMAVERAS 255, CONDOMINIO BOUGUEVILLE II - PERUÍBE/SP. FURTHER DETAILS ARE SO FAR NOT KNOWN. |
|
PUBLIC INFORMATION: |
|
LAWSUITS: |
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|
|
DATE: |
COURT OF LAW: |
|
1 |
FEDERAL LAWSUIT |
09/08/16 |
2ª VARA GO-ANAPOLIS |
FINANCIAL
INFORMATION
|
|
GENERAL BALANCE SHEETS AS OF 31/12/2016, 31/12/2015 AND 31/12/2014. |
|
( FIGURES ARE IN REAIS ). |
|
ASSETS |
|
|
|
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CURRENT: |
31/12/2016 |
31/12/2015 |
31/12/2014 |
|
|
|
|
|
|
CASH |
3.791,12 |
3.839,21 |
2.526,67 |
|
BANKS |
28.439,80 |
16.592,91 |
398.833,88 |
|
ADVANCES |
414.612,47 |
278.353,79 |
210.269,54 |
|
CLIENTS |
11.847.997,80 |
11.083.269,87 |
4.890.189,55 |
|
RECOVERABLE TAXES |
1.803.381,32 |
826.163,33 |
1.263.635,22 |
|
INVENTORY |
20.762.073,00 |
16.210.266,18 |
12.030.208,15 |
|
INVESTMENTS |
1.821.987,25 |
1.712.962,93 |
154.636,99 |
|
PRE PAID EXPENSES |
60.368,50 |
49.104,75 |
35.860,27 |
|
CHECKS |
|
|
7.295,09 |
|
OTHER |
|
|
96.927,67 |
|
|
---------------- |
---------------- |
---------------- |
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TOTAL CURRENT ASSETS |
36.742.651,26 |
30.180.552,97 |
19.090.383,03 |
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LONG-TERM
RECEIVABLES: |
|
|
|
|
|
|
|
|
|
ACCOUNTS RECEIVABLE |
|
3.330.000,00 |
8.960.000,00 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG-TERM RECEIVABLES |
|
3.330.000,00 |
8.960.000,00 |
|
FIXED ASSETS: |
|
|
|
|
|
|
|
|
|
FIXED ASSETS |
4.822.707,93 |
3.364.974,10 |
3.554.769,97 |
|
DEFERRED |
82.941,65 |
105.562,13 |
128.182,61 |
|
INTANGIBLE |
1.850.326,09 |
27.235,42 |
37.555,66 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL FIXED ASSETS |
6.755.975,67 |
3.497.771,65 |
3.720.508,24 |
|
|
================ |
================ |
================ |
|
TOTAL ASSETS |
43.498.626,93 |
37.008.324,62 |
31.770.891,27 |
|
LIABILITIES: |
|
|
|
|
CURRENT: |
31/12/2016 |
31/12/2015 |
31/12/2014 |
|
|
|
|
|
|
SALARIES PAYABLE |
241.783,88 |
127.419,33 |
144.070,49 |
|
SOCIAL OBLIGATIONS |
262.698,71 |
170.123,23 |
461.294,97 |
|
PROVISIONS |
531.416,48 |
110.130,14 |
|
|
TAXES & CONTRIBUTIONS |
1.529.745,66 |
972.658,55 |
767.485,70 |
|
ACCOUNTS PAYABLE |
342.564,55 |
227.310,81 |
307.903,80 |
|
SUPPLIERS |
10.852.419,08 |
11.854.037,34 |
8.213.802,78 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL CURRENT LIABILITIES |
13.760.628,36 |
13.461.679,40 |
9.894.557,74 |
|
LONG TERM
LIABILITIES: |
|
|
|
|
|
|
|
|
|
LOANS AND FINANCING |
5.227.315,96 |
3.539.421,59 |
7.522.574,13 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL LONG TERM LIABILITIES |
5.227.315,96 |
3.539.421,59 |
7.522.574,13 |
|
NET EQUITY: |
|
|
|
|
|
|
|
|
|
SHARE CAPITAL |
10.000.000,00 |
10.000.000,00 |
10.000.000,00 |
|
ACCRUED PROFIT (LOSS) |
2.363.748,82 |
109.493,69 |
845.420,61 |
|
CAPITAL RESERVES |
12.146.933,79 |
9.897.729,94 |
3.508.338,79 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL NET EQUITY |
24.510.682,61 |
20.007.223,63 |
14.353.759,40 |
|
|
================ |
================ |
================ |
|
TOTAL LIABILITIES |
43.498.626,93 |
37.008.324,62 |
31.770.891,27 |
|
PROFIT AND LOSS ACCOUNTS AS OF 31/12/2016, 31/12/2015 AND 31/12/2014. |
|
( FIGURES ARE IN REAIS ). |
|
|
31/12/2016 |
31/12/2015 |
31/12/2014 |
|
|
|
|
|
|
GROSS SALES |
114.675.634,33 |
66.409.843,02 |
52.921.499,64 |
|
(-) TAXES ON SALES |
17.004.381,73 |
10.536.085,97 |
7.748.654,63 |
|
|
---------------- |
---------------- |
---------------- |
|
NET SALES |
97.671.252,60 |
55.873.757,05 |
45.172.845,01 |
|
(-) COST OF SOLD GOODS |
68.282.438,96 |
35.665.182,22 |
29.326.749,65 |
|
|
---------------- |
---------------- |
---------------- |
|
GROSS PROFIT |
29.388.813,64 |
20.208.574,83 |
15.846.095,36 |
|
OPERATING REVENUE (EXPENSE) |
-15.259.259,49 |
-10.442.643,76 |
-10.631.189,11 |
|
FINANCIAL REVENUE(EXPENSE) |
3.667.265,88 |
3.964.023,57 |
-1.100.053,67 |
|
|
---------------- |
---------------- |
---------------- |
|
OPERATIONAL PROFIT (LOSS) |
17.796.820,03 |
13.729.954,64 |
4.114.852,58 |
|
NON-OPERATING RESULT |
|
-1.385.500,00 |
|
|
CONTRIBUTION/INCOME TAX |
-5.269.265,85 |
-1.995.519,89 |
-1.658.028,32 |
|
|
---------------- |
---------------- |
---------------- |
|
NET PROFIT (LOSS) |
12.527.554,18 |
10.348.934,75 |
2.456.824,26 |
|
MONTHLY SALES |
|||
|
|
2017 |
|
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|
--------------------- |
|
|
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JANUARY |
R$ 8.833.967,15 |
|
|
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FEBRUARY |
R$ 7.321.597,31 |
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|
|
MARCH |
R$ 8.832.457,50 |
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|
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APRIL |
R$ 6.923.844,57 |
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MAY |
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JUNE |
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JULY |
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AUGUST |
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SEPTEMBER |
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OCTOBER |
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NOVEMBER |
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DECEMBER |
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TOTAL |
R$ 31.911.866,53 |
|
|
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RATIOS: |
31/12/2016 |
31/12/2015 |
31/12/2014 |
|
QUICK RATIO |
1,16 |
|
1,04 |
|
,71 |
|
|
CURRENT RATIO |
2,67 |
|
2,24 |
|
1,93 |
|
|
ACCOUNTS RECEIVABLE TURNOVER |
8,24 |
TIMES |
5,04 |
TIMES |
9,24 |
TIMES |
|
DAYS' SALES IN RECEIVABLES |
43,67 |
DAYS |
71,41 |
DAYS |
38,97 |
DAYS |
|
INVENTORY TURNOVER |
3,29 |
TIMES |
2,20 |
TIMES |
2,44 |
TIMES |
|
ACCOUNTS PAYABLE PERIOD |
57,22 |
DAYS |
119,65 |
DAYS |
100,83 |
DAYS |
|
RETURN ON ASSETS |
2,25 |
TIMES |
1,51 |
TIMES |
1,42 |
TIMES |
|
SALES TURNOVER ON NET EQUITY |
3,98 |
TIMES |
2,79 |
TIMES |
3,15 |
TIMES |
|
NET WORTH TIE-UP |
,20 |
|
,17 |
|
,25 |
|
|
INDEBTEDNESS |
,77 |
|
,85 |
|
1,21 |
|
|
EQUITY RATIO |
56,35 |
% |
54,06 |
% |
45,18 |
% |
|
WORKING CAPITAL RATIO |
167,01 |
% |
124,20 |
% |
92,94 |
% |
|
GENERAL SOLVENCY |
2,29 |
|
2,18 |
|
1,82 |
|
|
RETURN ON NET EQUITY |
51,11 |
% |
51,73 |
% |
17,12 |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
12,83 |
% |
18,52 |
% |
5,44 |
% |
|
GROSS PROFIT MARGIN |
30,09 |
% |
36,17 |
% |
35,08 |
% |
|
OPERATIONAL RESULT |
18,22 |
% |
24,57 |
% |
9,11 |
% |
|
SALES TURNOVER ON LIABILITIES |
7,10 |
TIMES |
4,15 |
TIMES |
4,57 |
TIMES |
|
FOREIGN CURRENCY ON ASSETS |
|
|
|
|
|
|
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FOREIGN CURRENCY ON LIABILITIES |
|
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COMMENTS ON THE
FINANCIAL INFORMATION: |
|
FOLLOWS ATTACHED WORKSHEET WITH MAIN FINANCIAL RATIOS. THE FIGURES AVAILABLE SHOW A GOOD FINANCIAL STANDING. IT SHOWS GOOD
LIQUIDITY RATIOS WITH POSITIVE WORKING CAPITAL AMOUNT AND SATISFACTORY LEVEL
OF INDEBTEDNESS. IN ADDITION IT IS NOTED HIGH GROWING SALES AND
PROFITABILITY. |
|
REAL ESTATE: |
NOT AVAILABLE
|
VEHICLES: |
NOT AVAILABLE
|
MACHINES: |
NOT AVAILABLE
INSURANCE
|
|
NOT AVAILABLE. |
BANKING
REFERENCES
|
|
|
BRANCH/PHONE: |
|
|
BANCO DO BRASIL S/A |
3388-X / 62 3311-1633 |
|
|
BANCO ITAU S/A |
|
|
|
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
|
|
MANUFACTURE, IMPORT AND DISTRIBUTION OF PHARMACEUTICAL PRODUCTS. |
|
IMPORT AND
EXPORT: |
IMPORTS FROM:
|
GERMANY AND CHINA. |
EXPORTS TO:
|
DOES NOT EXPORT. |
|
MAIN CLIENTS: |
|
|
|
|
|
|
|
DOMESTIC
CLIENTS: |
|
|
|
NOT AVAILABLE. |
|
|
|
STAFF: |
|
|
|
THE COMPANY HAS: 160 EMPLOYEE(S) |
CONCEPT
AND FULFILMENT
|
|
THE SUBJECT IS A WELL-ESTABLISHED COMPANY, OPERATING SINCE 2009. SO
FAR IT HAS A CLEAR TRADE HISTORY AND NORMAL PAYMENT BEHAVIOR. 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. THE LAWSUIT REPORTED IS NOT RELATED WITH TRADE DEBT. IT IS RELATED TO
TAX DEBT THAT FOR ANY REASON THE COMPANY HAS NOT YET PAID. NEVERTHELESS WE
POINT OUT THAT THE SAID LAWSUIT DOES NOT AFFECT THE COMPANY'S TRADE
REPUTATION. |
|
MAIN SUPPLIERS: |
|
|
|
|
|
|
|
DOMESTIC
SUPPLIERS: |
|
|
|
FRIGELAR COMERCIO E DISTRIBUICAO S.A. |
|
|
|
IMPAKTO SIST LIMP DESCART LTDA |
|
|
|
REFRIGERACAO DUFRIO COMERCIO E IMPORTACAO LTDA |
|
|
|
SAETA IND COM ELETROELETRONICO LTDA |
|
|
|
VEDAPACK EMBALAGENS INDUSTRIAIS LTDA |
|
|
|
PAYMENT HISTORY: |
|
16 SUPPLIERS REPORTED PAYMENTS: |
|
TOTAL AMOUNT: R$ 866.883,00 |
|
|
|
AMOUNT OF INVOICES PAID: 178 |
|
TOTAL OF PROMPT PAYMENTS: 100% |
|
HIGHEST INVOICE: R$ 300.953,00 |
|
HIGHEST CREDIT: R$ 300.953,00 |
|
|
|
OUTSTANDING
INVOICES DUE WITHIN THE NEXT 30 DAYS: |
|
--------------------------- |
SUPPLIERS: |
INVOICES: |
TOTAL AMOUNT: |
|
DUE WITHIN 30 DAYS |
1 |
1 |
R$ 7.048,08 |
FINAL
OPINION
|
|
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. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 65.06 |
|
|
1 |
INR 91.50 |
|
Euro |
1 |
INR 79.77 |
|
BRL |
1 |
INR 19.43 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
PRI |
|
|
|
|
Report Prepared
by : |
TPT |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.