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Report Date : |
08.12.2012 |
IDENTIFICATION DETAILS
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Name : |
GUAYAKI |
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Registered Office : |
Avda. Brasilia 1895 esq. Tte. Frutos, Asuncion |
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Country : |
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Financials (as on) : |
31.12.2011 |
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Year of Establishment : |
1976 |
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Legal Form : |
Public Limited Company |
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Line of Business : |
Processing and marketing of medicinal
products for human use and animal |
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No. of Employees : |
250 employees |
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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Maximum Credit Limit : |
USD 450000 |
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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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Paraguay |
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 |
Paraguay - ECONOMIC OVERVIEW
Landlocked Paraguay has a market economy distinguished by a large informal
sector, featuring re-export of imported consumer goods to neighboring
countries, as well as the activities of thousands of microenterprises and urban
street vendors. A large percentage of the population, especially in rural
areas, derives its living from agricultural activity, often on a subsistence
basis. Because of the importance of the informal sector, accurate economic
measures are difficult to obtain. On a per capita basis, real income has
stagnated at 1980 levels. The economy grew rapidly between 2003 and 2008 as
growing world demand for commodities combined with high prices and favorable
weather to support Paraguay's commodity-based export expansion. Paraguay is the
sixth largest soy producer in the world. Drought hit in 2008, reducing agricultural
exports and slowing the economy even before the onset of the global recession.
The economy fell 3.8% in 2009, as lower world demand and commodity prices
caused exports to contract. The government reacted by introducing fiscal and
monetary stimulus packages. Growth resumed at a 15% level in 2010, the highest
in South America, but slowed to 6.4% in 2011 as the stimulus subsided.
Political uncertainty, corruption, limited progress on structural reform, and
deficient infrastructure are the main obstacles to growth.
Source CIa
GUAYAKI S.A.
R.U.C. Nº 80014641-7
INCORPORATED IN 1976. BEGINNER OF ACTIVITIES. CORPORATE STOCK GS.20.000.000.000. FIGURES OF BALANCE SHEET AS OF 31/12/2011: BALANCED ECONOMIC-FINANCIAL SITUATION WITH ACCEPTABLE OPERATIVE RESULTS. GOOD CONCEPT AND NORMAL FULFILLMENT OF ITS COMMITMENTS. CREDIT TREATMENT: ACCEPTABLE BY CURRENT AMOUNTS IN THE CONDITIONS OF PRACTICE.
PROCESSING AND
MARKETING OF MEDICINAL PRODUCTS FOR HUMAN USE AND ANIMAL.
LEGAL FORM:
PUBLIC LIMITED
COMPANY
CREATED: 1976
REGISTERED RPC: 1976
DURATION: UNLIMITED
END OF FISCAL YEAR: 31.12
Accountant:
Alejandro Gonzalez.
Legal and operative address: Avda. Brasilia 1895 esq. Tte. Frutos, Asuncion,
Paraguay.
Phone: 595.21 291339/291907
E.Mail: contabilidad@guayaki.com.py
Web: www.guayaki.com.py
USD 450000
PRESIDENT:
ROLANDO JUAN
ALARCON RIOS
DIRECTORS: JUAN
MANUEL ALARCON YAMPEY
DIANA ALARCON YAMPEY
CARLOS GABRIEL ALARCON YAMPEY
Using signature: President.
ORDINARY SHARES:
----------------
Subscribed and Integrated GS. 20.000.000.-
Reference
activities were initiated in 1976 under the name of Veterinaria Guayaki S.R.L.,
, a name change in 1994 by the current, having adopted the legal form of a
limited company.
No to members of society in the development of other commercial operations.
It is a leading company in the production of pharmaceutical products for both
human health division for veterinary line. It has modern manufacturing
facilities, supported by technology and constant development, supplies the
domestic market and other Mercosur countries.
Balance Sheet at
31.12.2011, expressed in Guaranies.
Exchange: U$S 1,00 = Gs. 4.400,00
TOTAL
ASSETS 50.596.854.895
TOTAL LIABILITIES 11.694.761.394
NET WORTH
38.902.093.801
NET SALES
53.880.999.330
FINAL UTILITY 3.696.483.590
The above figures show solid economic and financial structure.
A society is given
possession of the property occupied by the production plant of
It has about 60 vehicles of different characteristics, of which no detail is
obtained.
MATERPRIM S.A.
(PARAGUAY)
VICENTE SCAVONE Y CIA S.A. (PARAGUAY)
Credits: Gs. 9.000.000.-
Payments: 30/60/90 days.
Concept: Good.
This society is
dedicated to the development of the aforementioned steps, with an adequate
operational structure, in which 250 employees play in the care of different
tasks.
Imports from Argentina, Brazil, India, China and Germany. With sales covers the
domestic market and exports effected to Bolivia and Nicaragua.
HABITUAL SUPPLIERS:
------------------
MATERPRIM S.A.
VICENTE SCAVONE S.A.
SCAVONE HERMANOS S.A.
* 250 EMPLOYEES
Plant of
production: Futsal 88 esquina M.Perez, Asuncion, Paraguay.
Payment Record and Credit Risk
BANCO CONTINENTAL
BANCO ITAU
BBVA PARAGUAY
Centralhouse
INSURANCE:
----------
IMPERIO SEGUROS S.A.
Long-trajectory
company in the country, it fulfills correctly its commercial and bank
commitments, with a good commercial concept on its market.
* WITHOUT OBJECTIONS
Keeping in mind
the important trajectory the company has, and the favourable perspectives
that its businesses show, the company is perfectly feasible for current credit
treatment.
* FIT FOR CREDITS
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.20 |
|
UK Pound |
1 |
Rs.86.99 |
|
Euro |
1 |
Rs.70.22 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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 |
|
<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.