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Report Date : |
29.11.2012 |
IDENTIFICATION DETAILS
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Name : |
LABORATORIOS ALMOS |
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Registered Office : |
Avda. Defensores del Chaco 836, Fernando de la Mora |
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Country : |
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Date of Incorporation : |
1973 |
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Legal Form : |
Public Limited Company |
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Line of Business : |
Medical Laboratory Specialties. |
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No. of Employees : |
150 employees |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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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 (31.03.2011) |
Current Rating (30.06.2012) |
|
Paraguay |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
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
In absence of financials, no credit limit could be recommended.
LABORATORIOS ALMOS
S.A.
RUC Nº 80029411-4
BEGINNER OF ACTIVITIES. INCORPORATED IN
1973. NOT PROVIDED BALANCE SHEET. NO NEGATIVE. FIT FOR OPERATIONS OF MODERATED
IMPORTANCE AND ADDITIONAL GUARANTEES.
MEDICAL LABORATORY SPECIALTIES.
REPRESENTATIONS.
LEGAL FORM: PUBLIC LIMITED COMPANY
CREATED: 1973
REGISTERED RPC: 1973
DURATION: UNLIMITED
END OF FISCAL YEAR: 31.12
Legal
and dependences operatives centrals address:
--------------------------------------------------
Avda. Defensores del Chaco 836, Fernando de la Mora, Republic of Paraguay.
Phone. 595-21 512936
Fax. 595-21 505536
E.Mail: info@laboratoriosalmos.com.py
Web: www.laboratoriosalmos.com.py
PRESIDENT:
JULIAN
APODACA
GENERAL MANAGER: EMILIO
GUERRERO
ACCOUNTANT: RUTH PICCO
Using signature: It is in charge of the first two mentioned.
Society as a comment is the initiator of the
activities concerned. It was founded in 1973 and is dedicated to the
manufacture and distribution of pharmaceutical products.
Is currently considered one of the most prestigious laboratories operating in
the Republic of Paraguay.
Founded in 1973 in Asuncion, and began with the distribution abricacion an
interesting line of pharmaceutical products. They are leaders in the
pharmaceutical market.
Ms. Lorena Ojeda, in charge of
administration, confirm that not provided financial information to third
parties.
Inquiries made through third parties have determined that it operates within a
reasonable area of ??economic importance, with normal management to present and
obtaining compensation benefits.
They close their exercises at 31.12.
REAL
ESTATE:
------------
- Avda. Defensores del Chaco 836, Fernando de la Mora, Republic of Paraguay.
- Acceso Sur 8569 km. 20 Ypane, Paraguay.
VEHICLES:
---------
It has several vehicles of various characteristics, affected the development of
operations.
Operates within the lines above, having made
the necessary infrastructure.
With 150 employees who collaborate in the care of different tasks.
Imports from Argentina and Switzerland, while its sales are limited to the
domestic market.
HABITUAL SUPPLIERS:
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ITALQUIMICA S.A. (PARAGUAY)
REDOX S.A. (PARAGUAY)
* 150 EMPLOYEES.
Plant
of production:
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Acceso Sur 8569 km. 20 Ypane, Paraguay.
BANCO CONTINENTAL
BANCO REGIONAL
INTERBANCO
Branch. F. de la Mora.
INSURANCE:
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MAPFRE S.A.
Until present day it doesn't register
negative that could affect its concept.
* FULFILLMENT: WITHOUT OBJECTIONS
This was all that could be registered about
the company, who has a very good importance on its sector. Its credit relation
is feasible, although for amounts of moderated importance with additional
guarantees.
* FIT FOR OPERATIONS OF MODERATED IMPORTANCE.
This information is provided by Info
Group S.A., your agent. Investigation is made at your request
and the result is to be used only by you under the standing terms of your
suscription agreement and must be considered strictly confidential.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.70 |
|
|
1 |
Rs.89.34 |
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Euro |
1 |
Rs.72.35 |
INFORMATION DETAILS
|
Report
Prepared by : |
SDA |
RATING EXPLANATIONS
|
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 |
|
-- |
NB |
New Business |
-- |
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.