» PROFARMA - Exports

» Pre-Shipment

» Purpose

Finance, under the pre-shipment phase, the production of products inserted within the industrial health complex, destined to exports.



» Clients

Indirect Operations: exporting company of any size, incorporated under Brazilian laws, with headquarters and administration done in the Country and that holds production activities in Brazil of products inserted within the industrial health complex.

Direct Operations: exporting company of any size, incorporated under Brazilian laws, with headquarters and administration done in the Country and that holds production activities in Brazil of products inserted within the industrial health complex, given that its incorporation and operation have celebrated more than five (5) years at the time of addressing the Previous Consultation to BNDES. 



» Types of Financial support

Direct and indirect  (For direct operations, the minimum operation amount is US$ 200 thousand).



» Supportable items

Pharmaceutical chain: medications; antibiotics; chemical intermediaries, active principles; vitamins; pharmaceutical mixtures; extracts;

Hospital-medical chain: Medical-dentistry devices; machines and hospital instruments and laboratory instruments; hospital-medical consumption material. 

The items must be found in the List of Financeable Products under the Support Lines to Exports.



» Financing Conditions


» Interest Rate

For direct support: Financial Cost + BNDES Fee
For indirect support: Financial Cost + BNDES Fee + Accredited Financial Institution Fee

Financial Cost
Long Term Interest Rate - TJLP.

Note: MPMEs may choose Libor financial cost + currency exchange fluctuation.

BNDES Fees
Micro, small and medium-size companies [MPME]: 1% per year;
Large companies: 2% per year

Accredited Financial Institution Fee
Negotiated between the accredited financial institution and the client.


» BNDES Participation

Up to 100% of the Exporting FOB amount, excluding the sales agent commission and eventual advancements of any financial resources.



» Financing Total Period

 Up to 36 months, counting from the 15th day following month to the financing contract's signatures.

The Shipment Total Period will end on the last day of the month immediately prior to the ending of the Financing Total Period.



» Amortization System

In single installment mode or up to 18 monthly and successive installment payments, given that the last installment payment will expire in the last month of the Financing Total Period, with payments held always on the 15th of the expiring months.

The single installment or the first amortization installment must mandatorily take place, at least, during the third month, counting from the 15th of the subsequent month to the date of the financing contract signature.



» Collaterals

Direct Operations: see Collaterals.

Indirect Operations: The operation guarantees will be negotiated between the Accredited Financial Institution and the Beneficiary, observing the rules and regulations applicable by the Central Bank of Brazil.



» Proof of Exports

In order to bring proof to export operations sales contract, exportation records, invoice and sales invoice will be required, alternatively or cumulatively, at BNDES' discretion, besides currency exchange contracts associated to the financed amount and other documents to be defined during the operation approval period. Also, at BNDES' discretion, the proof of exports may be done through accessing the ALICE System of the Foreign Trade Office of the Ministry of Industry and Foreign Trade Development.



» Additional Procedures

In direct operations for the segment of pharmaceutical active principles, the presenting of the Drug, Master File - DMF will be required.

In direct operations, for the hospital-medical chain, the company must prove it has exported more than two hundred thousand dollars (US$ 200,000) in financeable products, in the 24 months prior to the date of sending the Previous Consultation to BNDES.

In direct operations, at the time of sending the Previous Consultation to BNDES and during the operation effectiveness period, the Beneficiary must present financial statements audited by external independent auditor registered in the Securities and Exchange Commission [CVM].

The remaining conditions are those under the Pre-Shipment BNDES-exim Financing Line (Circular Letter no. 174, dated 04.22.2002, and subsequent amendments). 



» Addressing

The financing request must be formalized through the Previous Consultation letters (which may be directly presented to BNDES by the interested party or through the accredited financial institution).

See: Pre-Shipment operational forms and regulations.



» Post-Shipment

» Purpose

Support the commercialization abroad of medical and dentistry devices and machines developed in Brazil and associated services, under the refinancing modality, through the discounting of credit bonds or the cession of credit rights related to the Beneficiary's exportations (suppliers credit).



» Clients

Exporting company of any size, incorporated under Brazilian laws, with headquarters and administration done in the Country and that holds production and commercialization activities of medical and/or dentistry devices and machines in Brazil.



» Types of financial support

Direct



» Financing Conditions

» BNDES Participation

Up to 100% of the exportation amount, excluding the sales agent commission and eventual advancements of any financial resources.



» Refinancing Total Period

Renegotiated according to the items financed during the operation.



» Interest Rate

LIBOR correspondent to the operation total period + Basic BNDES Fee equal or higher than point five percent per annum (0.5% per annum).



» Addressing

Those in effect for the Post-Shipment BNDES-exim Financing Line.



» Collaterals

Those in effect for the Post-Shipment BNDES-exim Financing Line.



» Additional Procedures

The financing request must be formalized through the addressing of Previous Consultation letter to BNDES.

The Beneficiary must be a company incorporated and operational for more than 5 years, and must show proof of having exported more than two hundred thousand dollars (US$ 200,000) in medical and dentistry equipments in the 24 months prior to the date of sending the Previous Consultation letter to BNDES;

The operation amount must be at least two hundred thousand dollars (US$ 200,000);

At the time of sending the Previous Consultation to BNDES and during the operation effectiveness period, the Beneficiary must present financial statements audited by external independent auditor registered in the Securities and Exchange Commission [CVM].

The remaining conditions are those under the Post-Shipment BNDES-exim Financing Line (Circular Letter no. 176, dated 09.12.2002, and subsequent amendments).


See:

PROFARMA
PROFARMA-Production 
PROFARMA-Exports
PROFARMA-Innovation 
PROFARMA-Restructuring   
PROFARMA-Public Producers.