MIRA INFORM
REPORT
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Report Date : |
13.05.2011 |
IDENTIFICATION DETAILS
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Name : |
VICENTE SCAVONE Y CIA. S.A.C.I. LABORATORIOS
LASCA |
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Registered Office : |
Pastora Céspedes y Don Vicente Scavone, San
Lorenzo, República del |
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Country : |
Paraguary |
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Date of Incorporation : |
15.10.1959 |
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Legal Form : |
Limited Company |
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Line of Business : |
Marketing and Production of MEDICAL SPECIALTIES AND VETERINARY |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment
Behaviour : |
Usually Correct |
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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, 2010
|
Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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Paraguary |
b1 |
b1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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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 |
Registered
Name
VICENTE SCAVONE Y CIA. S.A.C.I. "LABORATORIOS LASCA"
R.U.C.: 80001446-4
Summary
THE SHAPING OF THE COMPANY LEGAL OWNER OF
THE YEAR 1959 DATA BEING IN PRACTICE ACTIVITIES UNDER THE SUCCESSOR OF ITS
DEVELOPMENT. NO STANDARD FOR FINANCIAL DATA GIVEN TO THIRD PARTIES. HISTORY HAS
NO ADVERSE. BE CONSIDERED FOR PRUDENTIAL SUITABLE FOR SUMS OF IMPORTANCE TO
ADDITIONAL SAFEGUARDS.
Operations
MEDICAL SPECIALTIES AND VETERINARY
PRODUCTION
MARKETING
Legal
Structure
Legal Business:
Limited Company
Incorporated: 15/10/1959
Registered R.P.C.: Cdad.de Asunción
Duration:
Unlimited
End of fiscal yr: 31/12
Contact
Accountant: Daniel
Gomez.
Headquarters and administration: Pastora Céspedes y Don Vicente Scavone, San
Lorenzo, República del Paraguay.
Tel.: (595-21) 522322
E-mail: dgomez@lasca.com.py
E-mail: ventas@lasca.com.py
Website: www.lasca.com.py
Industrial Plant: Ruta Mcal.Estigarribia 294, Km.10 San Lorenzo, República del
Paraguay.
Tel.: (595-21) 506889
Partners
President:
SCAVONE GIAGNI PASCUAL MANUEL
Vicepresident: SCAVONE GIAGNI AUGUSTO JOSE
The aforementioned are responsible for the management and administration of the
company, in its capacity as manager with the indiscriminate use of the
corporate signature.
Corporate
Stock
The capital of the company was established
in the amount of Gs. 5,000,000,000 has been fully subscribed and held by
transcending that it is contributed mainly by members of his "staff"
management.
Personal
Information
SCAVONE GIAGNI PASCUAL
MANUEL:
Paraguay home, adult, DI.No. 62898, established professional Biochemical
established Km 10 Route Mcal.Estigarribia, San Lorenzo.
SCAAVONE
GIAGNI AUGUSTO JOSE:
of the same nationality and marital status, DI.No. 76045, established
established in Spain 667, Asunción.
History
Based on information available in our power,
is able to demonstrate that its intended purpose during the year 1935 Mr.
Vicente Scavone was established in that place, in order to found the Laboratory
"flake" in which produced the first drug of Paraguayan origin.
His tenure lasted until 1959, which was organized as a continuation of firm
owner, for the purposes intended, was established in the directions that have
been cited in due course.
While not rich in details about the particular
is to our knowledge which is linked to the firm CIA.QUIMICA VICENTE SCAVONE
S.A. on which no details are obtained.
Economic-Financial
Position
Opportunity has been in contact with the
accountant Daniel Gomez, who has required the provision of accounting
information designed to clarify the current financial position of the rubra.
And referring the same superior orders, has refused to meet our demand strict
form, which is why we had to resort to usually well informed sources.
These efforts have proved totally unsuccessful, and was not found among the
respondents who were issued with certainty on the matter, although he is quoted
as a company considered "cutting edge" in the industry.
Assets
BUILDINGS:
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Being as we are told, it is for the property all the property he holds in his
efforts, which have significant value realization.
Unable to contact the appropriate documentation to verify if they are exempt
from charges.
Parent/Related
Companies
CIA.QUIMICA VICENTE SCAVONE S.A. (Linked)
Evolution
and Results
The specific purposes of the owner
concerning the production and marketing of medicines for human and veterinary
use, having annexed the sale of scientific instruments.
First-level sector peers, has to do with an
important infrastructure, which is represented largely by the laboratory with
that account, which is equipped with advanced technology and attention and
direction which managers are responsible together with a number of employees.
Specific imports from Brazil, Argentina, India and several European countries,
carrying out exports of its products to Argentina, Brazil, Uruguay, Bolivia,
Chile, Ecuador and Central American countries.
* 550 EMPLOYEES.
LOCAL SUPPLIERS:
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GRAFICA MAYO S.A.
GLAXO S.A.
PHARMA ARGENTINA S.A.
Branches
AG.CENTRO - ASUNCION:
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Pte.Franco 570 e/14 de Mayo y 15 de Agosto
AG.CORONEL OVIEDO:
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14 de Mayo 179 e/Fabian Ojeda y Gral.Diaz
AG.ENCARNACION:
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Ruta 14 y Avda.Irrazabal
AG.CDAD.DEL ESTE:
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Km.6 Villa Elvira
AG.PEDRO JUAN CABALLERO:
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Mcal.López e/Gral.Ros y Humaitá
Payment
Record and Credit Risk
BANCO CONTINENTAL S.A.
Principal office
INSURANCE:
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MAPFRE S.A.
Concept
Is a business
connection to the firms and other places, many of which we have assigned
facilities of varying importance and in terms customary in the sector, without
objections until payment methods it supports.
* COMPLIANCE: NO OBJECTIONS DETECTABLE.
Final
Opinion
In view revealed in the
course of this review, it is understood that current amounts of important and
practical safeguards, the credit relationship with the owner continues to be
viable.
* SUITABLE FOR CURRENT OPERATIONS OF IMPORTANCE.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.79 |
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UK Pound |
1 |
Rs.73.19 |
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Euro |
1 |
Rs.63.59 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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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.