|
|
|
MIRA
INFORM REPORT
|
Report No. : |
516047 |
|
Report Date : |
27.06.2018 |
IDENTIFICATION DETAILS
|
Name : |
EMS SA |
|
|
|
|
Registered Office : |
Rodovia Jornalista Francisco Aguirre Proença, S/Nº KM 8 Blocos I, II E
V - Chácara Assay |
|
|
|
|
Country : |
Brazil |
|
|
|
|
Financials (as on) : |
31.12.2017 |
|
|
|
|
Date of Incorporation : |
09.01.1964 |
|
|
|
|
Legal Form : |
Privately Held Corporation |
|
|
|
|
Line of Business : |
Manufacture of pharmaceuticals |
|
|
|
|
No. of Employees : |
4866 |
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+ |
Low Risk |
Business dealings permissible with low risk
of default |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
-- |
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 (31.12.2017) |
Current Rating (01.04.2018) |
|
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. In 2017, Brazil`s GDP grew 1%, inflation fell to historic lows of 2.9%, and the Central Bank lowered benchmark interest rates from 13,75% in 2016 to 7% in 2017.
Economic reforms, proposed in 2016, aim to slow the growth of government spending and reduce barriers to foreign investment. Government spending growth pushed public debt to 73.7% of GDP at the end of 2017, up from over 50% in 2012. Policies to strengthen Brazil’s workforce and industrial sector, such as local content requirements, 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 — have limited their business opportunities, producing a ripple effect on associated businesses and contractors but creating opportunities for foreign companies to step into what had been a closed market. The following TEMER administration implemented a series of fiscal and structural reforms to restore credibility to government finances. Congress approved legislation in December 2016 to cap public spending, and in mid-2017 passed labor reforms. The government also boosted infrastructure projects, such as oil and natural gas auctions, in part to raise revenues.
Brazil is a member of the Common Market of the South (Mercosur), a trade bloc that includes Argentina, Paraguay and Uruguay - Venezuela’s membership in the organization was suspended In August 2017. After the Asian and Russian financial crises, Mercosur adopted a protectionist stance to guard against exposure to volatile foreign markets and it currently is negotiating Free Trade Agreements with the European Union and Canada.
|
Source
: CIA |
COMPANY NAME
EMS
S/A
ADDRESSES
|
MAIN ADDRESS: |
RODOVIA
JORNALISTA FRANCISCO AGUIRRE PROENÇA, S/Nº KM 8 BLOCOS I, II E V - CHÁCARA
ASSAY |
|
ZIP
CODE/CITY: |
13.186-901
- HORTOLÂNDIA/SP |
|
|
|
|
PHONE: |
19
3887-9802 |
|
E-MAIL: |
wesley.carvalho@csintegrado.com.br |
|
WEB
SITE: |
www.ems.com.br |
|
INQUIRY DETAILS: |
|
|
|
|
|
GIVEN NAME |
Rod
Jornalista Francisco Aguirre Proenca Km 08 S/N Hortolandia SP 13186-901 |
|
CORRECT
NAME |
THE CORRECT NAME IS STATED AT THE CAPTION. |
|
|
|
|
GIVEN CNPJ |
57.507.378/003-65 |
|
CORRECT
CNPJ |
THE CORRECT NUMBER IS STATED BELOW. |
|
|
|
|
BRANCHES: |
|
|
|
|
|
ADDRESS: |
AVENIDA
A, 27 A, CJ MARCOS FREIRE II - TAICOCA |
|
ZIP
CODE/CITY: |
49160-000
NOSSA SENHORA DO SOCORRO/SE |
|
CNPJ: |
57.507.378/0005-27 |
|
|
|
|
ADDRESS: |
RUA
MONSENHOR OTÁVIO DE CASTRO, 167 - VILA UNIÃO |
|
ZIP
CODE/CITY: |
60410-691
FORTALEZA/CE |
|
CNPJ: |
57.507.378/0007-99 |
|
|
|
|
ADDRESS: |
RUA
1.126, QUADRA 230, LOTE 2, CASAS 1 E 2, SETOR MARISTA |
|
ZIP
CODE/CITY: |
74175-050
GOIÂNIA/GO |
|
CNPJ: |
57.507.378/0008-70 |
|
|
|
|
ADDRESS: |
268 MUNOZ RIVERA AVE, WESTERNBANK WORLD PLAZA,
SUÍTE,808 SAN JUAN |
|
ZIP
CODE/CITY: |
PORTO
RICO, PR 00918 |
|
|
|
|
ADDRESS: |
RUA
COMENDADOR CARLO MARIO GARDANO, 450 - VILA SANTA RITA DE CÁSSIA |
|
ZIP
CODE/CITY: |
09720-470
SÃO BERNARDO DO CAMPO/SP |
|
CNPJ: |
57.507.378/0001-01 |
|
|
|
|
ADDRESS: |
AVENIDA
TORQUATO TAPAJOS, 17 SALA B - TARUMA |
|
ZIP
CODE/CITY: |
69041-025
MANAUS/AM |
|
|
|
|
ADDRESS: |
AVENIDA
TORQUATO TAPAJÓS, 17703 SALA C, ÁREA DE TRANSIÇÃO |
|
ZIP
CODE/CITY: |
69041-025
MANAUS/AM |
|
|
|
|
ADDRESS: |
LOT
POLO DE DESENVOLVIMENTO JUSCELINO KUBITSCHEK TRECH, S/N TRECHO 05, CONJ 06
LOTE 06 07 08 E 09 - SANTA MARIA |
|
ZIP
CODE/CITY: |
72549-550
BRASILIA/DF |
|
CNPJ: |
57.507.378/0006-08 |
LEGAL DATA
|
MAIN ACTIVITIES: |
|
MANUFACTURE
OF PHARMACEUTICALS. |
|
LEGAL FORM: |
PRIVATELY HELD
CORPORATION |
|
|
|
|
INCORPORATION
DATE: |
09/01/1964 |
|
REGISTER
DATE: |
09/01/1964 |
|
BALANCE
SHEET FILING DATE: |
31/12 |
|
TAX
CONTRIBUTOR NUMBER(CNPJ): |
57.507.378/0003-65 |
|
STATE
REGISTER: |
748.002.161.113 |
|
|
|
|
SHARE
CAPITAL: |
R$
221.716.502,41 |
|
LAST
REGISTER OF CAPITAL: |
26/11/2012 |
|
BOARD OF DIRECTORS: |
|
|
|
|
|
LUIZ
CARLOS BORGONOVI |
PRESIDENT
DIRECTOR |
|
ISRAEL
DOMINGOS BACAS |
DIRECTOR |
|
JULIO
CESAR BORGES |
DIRECTOR |
|
DANIEL
EDWARDO SALAZAR |
DIRECTOR |
|
CLAUDIA
ELISA DE PINHO |
DIRECTOR |
|
TOBIAS
JOHANNES HENZEL |
DIRECTOR |
AUTHORIZED USE OF SIGNATURE
|
THE DIRECTORS ARE AUTHORIZED TO SIGN ON BEHALF OF
THE COMPANY. |
|
SHAREHOLDERS / PARTNERS: |
|
|
|
|
|
NC
PARTICIPACOES S/A |
99% |
|
GERMED
FARMACÊUTICA LDA. |
1% |
|
AFFILIATES /
SUBSIDIARIES: |
|
|
|
|
|
A SCAN THROUGH OUTSIDE SOURCES SHOWED THE SUBJECT
AND/OR DIRECTORS HAS/HAVE THE FOLLOWING UNCONFIRMED HOLDINGS: |
|
|
|
|
|
NC
INVESTIMENTOS LTDA |
|
|
BOURGOGNE
ADMINISTRADORA DE BENS E PARTICIPAÇÕES LTDA |
|
|
B
CONSULTORIA EMPRESARIAL LTDA |
|
|
EMS
SIGMA PHARMA LTDA |
99,00% |
|
LEGRAND
PHARMA INDUSTRIA FARMACÊUTICA LTDA |
99,00% |
|
LUXBIOTECH
FARMACÊUTICA LTDA |
99,31% |
|
AUVERGNE
ADMINISTRADORA DE BENS E PARTICIPAÇÕES LTDA |
|
|
GRONIN
PHARMA PARTICIPAÇÕES S/A |
|
|
CLINTECH
PARTICIPAÇÕES S/A |
|
|
LCB
CONSULTORIA EMPRESARIAL LTDA |
|
|
CPM
CONCESSIONÁRIA PAULISTA DE MEDICAMENTOS S/A |
99,38% |
|
MONTERESEARCH
SRL (ITALY) |
100,00% |
|
RIO
BIO PHARMACEUTICALS, LLC (UNITED STATES) |
100,00% |
|
LUCERNE
PROMOCAO E PUBLICIDADE LTDA |
|
|
AGROPASTORIL
VITORIA LTDA |
|
COMPANY'S BACKGROUND
|
THE HISTORY OF EMS SIGMA PHARMA GROUP STARTS IN 1964, IN THE CITY OF SANTO ANDRÉ, WHEN THE PHARMACY CALLED SANTA CATARINA WAS ESTABLISHED BY EMILIANO SANCHEZ. AFTER 13 YEARS OF HARD WORK, DEDICATION AND GROWING, THE SMALL PHARMACY WAS TRANSFORMED INTO THE LABORATORY CALLED EMS. DURING THE FOLLOWING YEARS, AS PART OF THEIR EXPANSION STRATEGY, THE LABORATORIES LEGRAND AND NOVAQUÍMICA WERE PURCHASED, FURTHER TO THE EXPANSION OF THE PRODUCTS LINE AND THE SEGMENT OF ACTIVITY, COMPLETING THE COMPANY'S PORTFOLIO. CURRENTLY, THE GROUP IS COMPOSED BY THE COMPANIES EMS, LEGRAND, SIGMA PHARMA AND NATURE'S, ACTING IN THE PHARMACEUTICAL, GENERIC, CONSUME, HOSPITAL AND PERSONAL HYGIENE SEGMENTS. THE GROUP HAS AS HIGHLIGHT IT PIONEER CONDITION WITH GENERIC MEDICATIONS, BEING THE FIRST COMPANY TO RECEIVE THE APPROVAL OF ANVISA TO MANUFACTURE AND MERCHANDISE THE MEDICATION CALLED CYCLOSPORINE, WHICH IS DESTINED TO AVOID THE REJECTION OF TRANSPLANT ORGANS. ONE OF THE LARGEST COMPANIES WITH ASSETS CAPITAL BEING 100% NATIONAL, IN 39 YEARS OF ACTIVITY IN THE BRAZILIAN MARKET, REACHED THE 11TH PLACE IN THE PHARMACEUTICAL INDUSTRIES RANKING (SOURCE: IMS HEALTH, 2002). THE GROUP HAS TWO PRODUCTION UNITS LOCATED IN SÃO BERNARDO DO CAMPO AND HORTOLÂNDIA, SP, BEING THE LAST ONE THE MOST UPDATED COMPANY OF LATIN AMERICA, STRUCTURED ACCORDING TO THE STANDARDS ESTABLISHED BY THE FDA (FOOD AND DRUG ADMINISTRATION). WITH 2,800 EMPLOYEES DISTRIBUTED IN THE ADMINISTRATION, COMMERCIAL AND INDUSTRIAL AREAS, THE EMS SIGMA PHARMA GROUP MANUFACTURES AND MERCHANDISE FOR ALL THE COUNTRY MORE THAN 350 PRODUCTS, ALL OF THEM MANUFACTURED UNDER THE MOST STRICT QUALITY STANDARDS, CONTRIBUTING IN THIS WAY TO IMPROVE THE HEALTH AND QUALITY OF LIFE OF ALL BRAZILIANS ON DECEMBER 17, 2002 THE SUBJECT COMPANY CHANGED ITS CORPORATE NAME FROM EMS INDÚSTRIA FARMACÊUTICA LTDA TO THE CURRENT ONE. SHAREHOLDERS AND DIRECTORS: NC PARTICIPAÇÕES S.A., HEADQUARTERED AT HORTOLÂNDIA, ESTADO DE SÃO PAULO, À RODOVIA JORNALISTA FRANCISCO AGUIRRE PROENÇA KM 08, SALA 03, CHÁCARA ASSAY, GEP 13186-901, CHÁCARA ASSAY, REGISTRATION # CNPJ SOB O Nº 05.491.842/0001-07, AND NIRE 35.3.0019410-1, IT REPRESENTATIVE FOR YOUR PRESIDENT DIRECTOR, SR. LUIZ CARLOS BORGONOVI, BRAZILIAN, HOLDER OF DOCUMENTS RG Nº 4.801.969-0 (SSP/SP), AND CPF SOB O Nº 504.486.688-15, AND FOR YOUR VICE PRESIDENT DIRECTOR, SR. ISRAEL DOMINGOS BACAS, BRAZILIAN, HOLDER OF DOCUMENTS RG Nº 14.040.628-1 (SSP/SP), INSCRITO NO CPF SOB O Nº 048.348.648-55, WITH ADDRESS AT RODOVIA JORNALISTA FRANCISCO AGUIRRE PROENÇA KM 08, CHÁCARA ASSAY, CEP 13186-901; AND GERMED FARMACÊUTICA LDA., HEADQUARTERED AT À RUA ALTO DE MONTIJO, 13, 1º DT, EDIFÍCIO MONSANTO, 2790-012, PORTELA DE CARNAXIDE, PORTUGAL, REGISTRATION # C.R.C. DE LISBOA NUMBER 13.438, IT IS REPRESENTATIVE FOR YOUR ATTONERY MR. AUGUSTO VISEU FERNANDES, PORTUGUÊS, HOLDER OF DOCUMENTS RNE N-W137047 -S, INSCRITO NO CPF SOB O N2 114.323.658-00, WITH ADDRESS AT AVENIDA FLAMENGO N2 156, JARDIM PANORAMA, CEP 13280-000. VINHEDO/SP; LUIZ CARLOS BORGONOVI, BRAZILIAN, ENTREPRENEUR, HOLDER OF DOCUMENTS CPF: 504.486.688-15, RG/RNE: 4801969 - SP, WITH ADDRESS AT RODOVIA JORNALISTA FRANCISCO AGUIRRE PRO, S/N, KM 08, CHACARA ASSAY, HORTOLANDIA - SP, ZIP CODE 13186-901 ISRAEL DOMINGOS BACAS, BRAZILIAN, ENTREPRENEUR, HOLDER OF DOCUMENTS CPF: 048.348.648-55, RG/RNE: 140406281 - SP, WITH ADDRESS AT RODOVIA JORNALISTA FRANCISCO AGUIRRE PRO, S/N, KM 08, CHACARA ASSAY, HORTOLANDIA - SP, ZIP CODE 13186-901 JULIO CESAR BORGES, BRAZILIAN, ENTREPRENEUR, HOLDER OF DOCUMENTS CPF: 871.599.108-34, RG/RNE: 77078123 - SP, WITH ADDRESS AT RODOVIA JORNALISTA FRANCISCO AGUIRRE PRO, S/N, KM 08, CHACARA ASSAY, HORTOLANDIA - SP, ZIP CODE 13186-901 DANIEL EDWARDO SALAZAR, BRAZILIAN, ENTREPRENEUR, HOLDER OF DOCUMENTS CPF: 237.883.768-21, RG/RNE: RNEG198818G - DF, WITH ADDRESS AT RODOVIA JORNALISTA FRANCISCO AGUIRRE PRO, S/N, KM 08, CHACARA ASSAY, HORTOLANDIA - SP, ZIP CODE 13186-901 CLAUDIA ELISA DE PINHO SOARES, BRAZILIAN, ENTREPRENEUR, HOLDER OF DOCUMENTS CPF: 005.639.287-78, RG/RNE: 73761470 - RJ, WITH ADDRESS AT RODOVIA JORNALISTA FRANCISCO AGUIRRE PRO, S/N, KM 08, CHACARA ASSAY, HORTOLANDIA - SP, ZIP CODE 13186-901 TOBIAS JOHANNES HENZEL, GERMAN, ENTREPRENEUR, HOLDER OF DOCUMENTS CPF: 230.126.158-14, RG/RNE: RNEV368787X - DF, WITH ADDRESS AT RODOVIA JORNALISTA FRANCISCO AGUIRRE PRO, S/N, KM 08, CHACARA ASSAY, HORTOLANDIA - SP, ZIP CODE 13186-901 FURTHER DETAILS ABOUT THE SUBJECT'S HISTORY ARE SO FAR NOT KNOWN. |
PUBLIC RECORDS INFORMATION
|
PROTESTS: |
|
8 PROTESTS,TOTAL AMOUNT R$ 73.804,73 |
|
DATE OF
FIRST PROTEST: APRIL/2015 R$ 824,39 |
|
DATE OF
HIGHEST PROTEST: APRIL/2015 R$
4.003,31 |
|
DETAILS OF LATEST
PROTESTS: |
|
NOTARY OFFICE: |
DATE: |
VALUE: |
|
1º
CARTORIO DE SP-SUMARÉ |
14/04/2015 |
R$
824,39 |
|
1º
CARTORIO DE DF-GAMA |
13/06/2018 |
R$
414,97 |
|
2º
CARTORIO DE PE-RECIFE |
09/12/2015 |
R$
6.000,00 |
|
1º
CARTORIO DE SP-SUMARÉ |
14/04/2015 |
R$
2.444,68 |
|
1º
CARTORIO DE SP-SUMARÉ |
23/05/2018 |
R$
7.770,00 |
|
LAWSUITS: |
|
|
|
|
DATE: |
COURT OF LAW: |
|
2 |
MUNICIPAL
LAWSUITS |
14/11/14 |
VARA
DE SP-CAMPINAS |
|
3 |
EXECUTIVE
LAWSUITS |
25/03/16 |
8ª
VARA DE SP-CAMPINAS |
|
1 |
MONITORY
SUIT |
15/08/16 |
1ª
VARA DE SP-CAMPINAS |
FINANCIAL INFORMATION
|
GENERAL BALANCE SHEETS AS OF 31/12/2017, 31/12/2016
AND 31/12/2015. |
|
(FIGURES ARE IN THOUSANDS OF REAIS). |
|
ASSETS |
|
|
|
|
CURRENT: |
31/12/2017 |
31/12/2016 |
31/12/2015 |
|
|
|
|
|
|
CASH
AND BANKS |
18.068 |
12.229 |
21.188 |
|
CLIENTS |
455.895 |
487.530 |
454.097 |
|
INVENTORY |
381.596 |
430.914 |
340.915 |
|
OTHER
CREDITS |
69.008 |
56.659 |
87.045 |
|
INTERCOMPANY
CREDITS |
102.780 |
42.916 |
125.599 |
|
RECOVERABLE
TAXES |
78.680 |
36.582 |
9.147 |
|
DIVIDENDS
RECEIVABLES |
29.968 |
29.968 |
59.948 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL
CURRENT ASSETS |
1.135.995 |
1.096.798 |
1.097.939 |
|
LONG-TERM RECEIVABLES: |
|
|
|
|
|
|
|
|
|
JUDICIAL
DEPOSITS |
37.409 |
20.523 |
27.337 |
|
DEFERRED
TAXES |
85.158 |
55.952 |
46.176 |
|
INTERCOMPANY
CREDITS |
|
118.089 |
19.888 |
|
RECOVERABLE
TAXES |
6.703 |
6.703 |
6.703 |
|
INVESTMENTS |
|
3.081 |
3.098 |
|
OTHER
CREDITS |
4.996 |
5.072 |
4.996 |
|
INVESTMENTS |
|
2.884 |
2.086 |
|
INVESTMENTS |
3.372 |
|
|
|
GRANTED
LOANS |
269.961 |
|
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL
LONG-TERM RECEIVABLES |
407.599 |
212.304 |
110.284 |
|
FIXED ASSETS: |
|
|
|
|
|
|
|
|
|
INVESTMENTS |
362.018 |
262.577 |
159.548 |
|
FIXED
ASSETS |
413.684 |
12.544 |
3.629 |
|
INTANGIBLE |
14.616 |
409.376 |
395.650 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL
FIXED ASSETS |
790.318 |
684.497 |
558.827 |
|
|
================ |
================ |
================ |
|
TOTAL
ASSETS |
2.333.912 |
1.993.599 |
1.767.050 |
|
LIABILITIES: |
|
|
|
|
CURRENT: |
31/12/2017 |
31/12/2016 |
31/12/2015 |
|
|
|
|
|
|
LOANS
AND FINANCING |
61.943 |
48.897 |
48.381 |
|
SUPPLIERS |
132.756 |
188.129 |
195.193 |
|
INTERCOMPANY
DEBTS |
748.064 |
339.583 |
278.585 |
|
ACCOUNTS
PAYABLE |
110.100 |
110.834 |
61.769 |
|
INSTALLMENTS
TAXES PAYABLE |
7.927 |
7.770 |
7.244 |
|
INCOME
TAX/SOCIAL CONTRIBUTION |
|
8.610 |
5.579 |
|
TAX
LIABILITIES |
24.542 |
28.367 |
28.520 |
|
SOCIAL
/ LABOR OBLIGATIONS |
57.620 |
45.671 |
39.639 |
|
DIVIDENDS |
91.723 |
92.986 |
149.629 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL
CURRENT LIABILITIES |
1.234.675 |
870.847 |
814.539 |
|
LONG TERM LIABILITIES: |
|
|
|
|
|
|
|
|
|
LOANS
AND FINANCING |
83.975 |
111.431 |
103.406 |
|
INSTALLMENTS
TAXES PAYABLE |
21.107 |
23.295 |
23.175 |
|
PROVISION
FOR CONTINGENCIES |
114.975 |
93.325 |
46.089 |
|
DEFERRED
REVENUE |
19.032 |
19.032 |
19.032 |
|
RELATED
COMPANIES |
|
|
31.208 |
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL
LONG TERM LIABILITIES |
239.089 |
247.083 |
222.910 |
|
NET EQUITY: |
|
|
|
|
|
|
|
|
|
SHARE
CAPITAL |
221.708 |
221.708 |
221.708 |
|
CAPITAL
RESERVES |
164.019 |
164.019 |
164.019 |
|
PROFIT
RESERVES |
306.637 |
320.395 |
177.330 |
|
RESERVES/TAX
INCENTIVES |
125.206 |
125.206 |
122.203 |
|
LEGAL
RESERVES |
44.341 |
44.341 |
44.341 |
|
OTHER
COMPREHENSIVE INCOME |
-1.763 |
|
|
|
|
---------------- |
---------------- |
---------------- |
|
TOTAL
NET EQUITY |
860.148 |
875.669 |
729.601 |
|
|
================ |
================ |
================ |
|
TOTAL
LIABILITIES |
2.333.912 |
1.993.599 |
1.767.050 |
|
PROFIT AND LOSS ACCOUNTS AS OF 31/12/2017, 31/12/2016
AND 31/12/2015. |
|
(FIGURES ARE IN THOUSANDS OF REAIS). |
|
|
31/12/2017 |
31/12/2016 |
31/12/2015 |
|
|
|
|
|
|
NET
SALES |
3.290.563 |
2.698.680 |
2.112.290 |
|
(-)
COST OF SOLD GOODS |
1.782.656 |
1.419.880 |
1.087.476 |
|
|
---------------- |
---------------- |
---------------- |
|
GROSS
PROFIT |
1.507.907 |
1.278.800 |
1.024.814 |
|
OPERATING
REVENUE (EXPENSE) |
-1.075.766 |
-841.146 |
-768.871 |
|
FINANCIAL
REVENUE(EXPENSE) |
-9.489 |
-28.897 |
-53.017 |
|
|
---------------- |
---------------- |
---------------- |
|
OPERATIONAL
PROFIT (LOSS) |
422.652 |
408.757 |
202.926 |
|
CONTRIBUTION/INCOME
TAX |
-116.382 |
-100.477 |
-36.807 |
|
|
---------------- |
---------------- |
---------------- |
|
NET
PROFIT (LOSS) |
306.270 |
308.280 |
166.119 |
|
RATIOS: |
31/12/2017 |
31/12/2016 |
31/12/2015 |
|
QUICK
RATIO |
,61 |
|
,76 |
|
,93 |
|
|
CURRENT
RATIO |
,92 |
|
1,26 |
|
1,35 |
|
|
ACCOUNTS
RECEIVABLE TURNOVER |
7,22 |
TIMES |
5,54 |
TIMES |
4,65 |
TIMES |
|
DAYS'
SALES IN RECEIVABLES |
49,88 |
DAYS |
65,04 |
DAYS |
77,39 |
DAYS |
|
INVENTORY
TURNOVER |
4,67 |
TIMES |
3,30 |
TIMES |
3,19 |
TIMES |
|
ACCOUNTS
PAYABLE PERIOD |
26,81 |
DAYS |
47,70 |
DAYS |
64,62 |
DAYS |
|
RETURN
ON ASSETS |
1,41 |
TIMES |
1,35 |
TIMES |
1,20 |
TIMES |
|
SALES TURNOVER ON NET EQUITY |
3,83 |
TIMES |
3,08 |
TIMES |
2,90 |
TIMES |
|
NET
WORTH TIE-UP |
,48 |
|
,01 |
|
,01 |
|
|
INDEBTEDNESS |
1,71 |
|
1,28 |
|
1,42 |
|
|
EQUITY
RATIO |
36,85 |
% |
43,92 |
% |
41,29 |
% |
|
WORKING
CAPITAL RATIO |
-7,99 |
% |
25,95 |
% |
34,79 |
% |
|
GENERAL
SOLVENCY |
1,58 |
|
1,78 |
|
1,70 |
|
|
RETURN
ON NET EQUITY |
35,61 |
% |
35,21 |
% |
22,77 |
% |
|
RETURN ON SALES (PROFIT MARGIN) |
9,31 |
% |
11,42 |
% |
7,86 |
% |
|
GROSS
PROFIT MARGIN |
45,83 |
% |
47,39 |
% |
48,52 |
% |
|
OPERATIONAL
RESULT |
12,84 |
% |
15,15 |
% |
9,61 |
% |
|
SALES
TURNOVER ON LIABILITIES |
2,67 |
TIMES |
3,10 |
TIMES |
2,59 |
TIMES |
|
FOREIGN
CURRENCY ON ASSETS |
|
|
|
|
|
|
|
FOREIGN
CURRENCY ON LIABILITIES |
|
|
|
|
|
|
|
COMMENTS ON
THE FINANCIAL INFORMATION: |
|
FOLLOWS ATTACHED WORKSHEET WITH MAIN FINANCIAL RATIOS. THE FIGURES AVAILABLE SHOW A SATISFACTORY FINANCIAL STANDING. IT HAS LOW LIQUIDITY AND HIGH LEVEL OF INDEBTEDNESS. ON THE OTHER HAND, IT IS NOTED GROWING SALES AND GOOD PROFITABILITY. IT IS WORTH TO COMMENT THAT THE SUBJECT HAS A HIGH FINANCIAL STRENGTH AND SO FAR IT OPERATES NORMALLY BEING NOT LIKELY TO FACE FINANCIAL PROBLEMS. |
REAL ESTATE:
NOT
AVAILABLE
VEHICLES:
NOT
AVAILABLE
MACHINES:
NOT
AVAILABLE
INSURANCE:
|
NOT
AVAILABLE. |
BANKING REFERENCES
|
|
BRANCH/PHONE: |
CITY: |
|
ITAÚ
UNIBANCO S/A |
0009 / 19
3735-9709 |
CAMPINAS/SP |
|
BANCO
SANTANDER (BRASIL) 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
|
THE SUBJECT IS ENGAGED IN THE MANUFACTURE AND TRADE
OF PHARMACEUTICAL PRODUCTS. NATIONAL INDUSTRY CLASSIFICATION CODE(S) (CNAE): 21.21-1-01 - MANUFACTURE OF ALLOPATHIC MEDICAMENTS
FOR HUMAN USE; 21.21-1-03 - MANUFACTURE OF HERB MEDICAMENTS FOR
HUMAN USE; 82.11-3-00 - COMBINED OFFICE ADMINISTRATIVE SERVICE
ACTIVITIES |
|
IMPORT AND EXPORT: |
IMPORTS FROM:
|
ITALY, GERMANY, FRANCE, CANADA, INDIA AND SWEDEN. |
EXPORTS TO:
|
PORTUGAL,
GERMANY AND ENGLAND. |
|
MAIN CLIENTS: |
|
|
|
|
|
|
|
DOMESTIC CLIENTS: |
CITY: |
PHONE: |
|
DIST.DE
DROGAS NORFARMA LTDA |
ARAÇATUBA/SP |
18 623-3645 |
|
DISTR.
FARMACÊUTICA PANARELLO LTDA |
GOIÂNIA/GO |
62
3285-6611 |
|
DISTR.
MEDICAMENTOS SANTA CRUZ LTDA |
CURITIBA/PR |
41
3316-2209 |
|
DISTR.DROGAS
CENTRO OESTE LTDA. |
CAMPO
GRANDE/MS |
67 382-6188 |
|
ITA
REPRES. PRODS. FARMACÊUTICOS |
SANTA
BÁRBARA D´OESTE/SP |
19
3459-4000 |
|
JAMYR
VASCONCELOS S/A |
RIO
DE JANEIRO/RJ |
21
2472-2828 |
|
PERFORMA
DISTR. PRODS. FARMACÊUTICOS LTDA |
RIACHO
DAS PEDRAS/MG |
21
3450-1416 |
|
UNIFARMA
DISTRIBUISDORA FARMACEUTICA LTDA |
IMPERATRIZ/MA |
98
3525-3486 |
|
STAFF: |
|
|
|
THE COMPANY HAS: 4866 EMPLOYEE(S) |
CONCEPT AND FULFILMENT
|
THE SUBJECT IS AN OLD-ESTABLISHED COMPANY, OPERATING SINCE 1964 WITH A LEADING MARKET POSITION. IT HAS A HIGH AND GROWING SCALE OF ACTIVITIES AND AN EXCELLENT 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. |
|
MAIN SUPPLIERS: |
|
|
|
|
|
|
|
DOMESTIC SUPPLIERS: |
CITY: |
PHONE: |
|
ALLPLAS
INDÚSTRIA.COM.PLÁSTICOS LTDA |
CARAPICUIBA/SP |
|
|
BAFEMA
S/A INDÚSTRIA E COMÉRCI0 |
SÃO
PAULO/SP |
|
|
BOAINAIN
DIOSTR. DE ALCOOL LTDA |
OSASCO/SP |
|
|
CIA.
UNIÃO REFINADORES AÇÚCAR E CAFÉ |
SÃO
PAULO/SP |
|
|
COLORCON
DO BRASIL LTDA |
COTIA/SP |
|
|
ESQYEMA
IND.COM.EMBALAGENS LTDA |
OSASCO/SP |
|
|
FENIL
QUÍMICA LTDA |
SÃO
PAULO/SP |
|
|
HENRIFARMA
PRODS.QUI.FARM. LTDA |
SÃO
PAULO/SP |
|
|
M.
CASSAB COMERCIO E INDUSTRIA LTDA |
SÃO
PAULO/SP |
|
|
PRODUTOS
ROCHE QUÍM. FARMACÊUTICA S/A |
SÃO
PAULO/SP |
|
|
VEDAT
TAMPAS HERMETICAS LTDA |
EMBU/SP |
|
|
VITROSUL
IND.COM.VIDORS LTDA |
EMBÚ/SP |
|
|
VULCAN
MARTERIAL PLÁSTICO S/A |
RIO
DE JANEIRO/RJ |
|
|
WHEATON
DO BRASIL S/A |
SÃO
BERNARDO CAMPO/SP |
|
|
PAYMENT HISTORY: |
|
37
SUPPLIERS REPORTED PAYMENTS: |
|
TOTAL AMOUNT: R$ 8.912.256,00 |
|
|
|
AMOUNT
OF INVOICES PAID: 289 |
|
TOTAL
OF PROMPT PAYMENTS: 97,8% |
|
TOTAL
OF DELAYED PAYMENTS: 2,2% |
|
|
|
HIGHEST
INVOICE: R$ 323.522,00 |
|
HIGHEST
CREDIT: R$ 555.599,00 |
|
|
|
OUTSTANDING
INVOICES DUE WITHIN THE NEXT 60 DAYS: |
|
--------------------------- |
SUPPLIERS: |
INVOICES: |
TOTAL AMOUNT: |
|
DUE
WITHIN 30 DAYS |
4 |
5 |
R$
83.654,45 |
|
DUE
WITHIN 60 DAYS |
1 |
4 |
R$
661,16 |
|
DUE
WITHIN 90 DAYS |
1 |
1 |
R$
42.500,00 |
|
ALL
|
5 |
10 |
R$
126.815,61 |
FINAL OPINION
|
THE SUBJECT IS A WELL-ESTABLISHED COMPANY IN BUSINESS FOR SEVERAL YEARS. UP TO DATE IT HAS CLEAR TRADE HISTORY AND GOOD PAYMENT PERFORMANCE. BASED ON THE OVERALL 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 SIZE AND FINANCIAL STRENGTH. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 68.16 |
|
|
1 |
INR 90.47 |
|
Euro |
1 |
INR 79.74 |
|
BRL |
1 |
INR 18.05 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
SUJ |
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.