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Report Date : |
29.11.2012 |
IDENTIFICATION DETAILS
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Name : |
VICENTE SCAVONE Y CIA. S.A.C.I. |
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Registered Office : |
Pastora Céspedes y Don Vicente Scavone, San Lorenzo, República |
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Country : |
Paraguay |
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Date of Incorporation : |
15.10.1959 |
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Legal Form : |
Public Limited Company |
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Line of Business : |
Medical Specialties And Veterinary |
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No. of Employees : |
550 |
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 : |
Unknown |
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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 |
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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
In absence of financials, no credit limit could be recommended.
VICENTE SCAVONE Y
CIA. S.A.C.I.
"LABORATORIOS LASCA"
R.U.C.: 80001446-4
THE SHAPING OF THE COMPANY LEGAL OWNER OF THE YEAR 1959 DATA BEING IN
PRACTICE ACTIVITIES UNDER THE SUCCESSOR OF ITS DEVELOPMENT. CONTINUED WITH THE
NEGATIVE OF NOT PROVIDED FINANCIAL INFORMATION. HISTORY HAS NO ADVERSE. BE
CONSIDERED FOR MODERATE SUITABLE FOR SUMS OF IMPORTANCE TO ADDITIONAL
SAFEGUARDS.
MEDICAL SPECIALTIES AND VETERINARY
PRODUCTION
MARKETING
Legal Business: Public Limited Company
Incorporated: 15/10/1959
Registered R.P.C.: Cdad.de
Asunción
Duration: Unlimited
End of fiscal yr: 31/12
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
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.
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.
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.
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.
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.
BUILDINGS:
---------
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.
CIA.QUIMICA VICENTE SCAVONE S.A. (Linked)
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.
FOREIGN TRADE:
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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:
----------------
GRAFICA MAYO S.A.
GLAXO S.A.
PHARMA ARGENTINA S.A.
Estimated annual production:
----------------------------
UNITS
COMPRIMIDOS
47.429.755
COMPRIMIDOS RECUBIERTOS 42.060.993
CAPSULAS
18.300.000
INYECTABLES
5.030.081
CAPSULAS BETALACTAMICOS 5.000.784
COMPRMIDOS RECUBIERTOS
BETALACTAMICOS
4.190.000
JARABES Y SUSPENSIONES
LIQUIDAS
2.117.537
GOTAS Y AMP.BBB
1.345.102
INYECTABLES LIQUIDOS
FRASCOS CARPULES
843.366
LIOFILIZADOS
558.122
SEMISOLIDOS
473.320
COLIRIOS
412.410
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
BANCO CONTINENTAL S.A.
Principal office
INSURANCE:
-------
MAPFRE S.A.
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.
In view revealed in the course of this
review, it is understood that moderate amounts of important and practical
safeguards, the credit relationship with the owner continues to be viable.
* SUITABLE FOR OPERATIONS OF CREDITS.
JMC
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
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>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 |
-- |
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.