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Report Date : |
20.01.2013 |
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 del |
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Country : |
Paraguay |
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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 |
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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 (31.03.2012) |
Current Rating (30.06.2012) |
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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 |
portugal - ECONOMIC OVERVIEW
Portugal has become a diversified and increasingly service-based
economy since joining the European Community - the EU's predecessor - in 1986.
Over the past two decades, successive governments have privatized many
state-controlled firms and liberalized key areas of the economy, including the
financial and telecommunications sectors. The country qualified for the
Economic and Monetary Union (EMU) in 1998 and began circulating the euro on 1
January 2002 along with 11 other EU members. The economy had grown by more than
the EU average for much of the 1990s, but fell back in 2001-08, and contracted
2.5% in 2009, before growing 1.3% in 2010. But GDP fell again in 2011, as the
government implemented austerity measures, including a 5% public salary cut, a
2% increase in the value-added tax, and an extraordinary tax on yearend bonuses
to comply with conditions of an EU-IMF financial rescue package agreed to in
May 2011. GDP per capita stands at roughly two-thirds of the EU-27 average. A
rigid labor market has been an obstacle to greater productivity and growth. Portugal
also has been increasingly overshadowed by lower-cost producers in Central
Europe and Asia as a destination for foreign direct investment. Portugal's low
competitiveness, low growth prospects, and high levels of public debt have made
it vulnerable to bond market turbulence. The government reduced the budget
deficit from 10.1% of GDP in 2009 to 4.5% in 2011, an achievement made possible
only by the extraordinary revenues obtained from the one-time transfer of bank
pension funds to the social security system. Investors, however, continue to
express concern about the government's ability to achieve future budget deficit
targets and obtain foreign financing to cover its sovereign debt obligations
when the EU-IMF financing program expires in 2013. Without the option for
stimulus measures, the government is focusing instead on boosting exports and
implementing labor market and other structural reforms to try to raise GDP
growth and increase Portugal's competitiveness - which, over time, may help
mitigate investor concerns.
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Source : CIA |
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.
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.
MEDICAL SPECIALTIES AND VETERINARY
PRODUCTION
MARKETING
Legal Business:
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
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.
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.
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:
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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 current amounts of important and practical
safeguards, the credit relationship with the owner continues to be viable.
* SUITABLE FOR CURRENT OPERATIONS OF IMPORTANCE.
LJM/CR.
NOTE: They were told that information is requested by PHARMAPACK ACG (INDIA)
but not provided balance sheet.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.94 |
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|
1 |
Rs.86.24 |
|
Euro |
1 |
Rs.72.20 |
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 |
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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.