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Report Date : |
03.06.2013 |
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 |
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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 : |
580 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Paraguay |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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 13% level in 2010, the highest in South America, but slowed to
about 4% in 2011 as the stimulus subsided. In 2012, severe drought and
outbreaks of foot-and-mouth disease led to a drop in beef and other
agricultural exports and the economy contracted about 0.5%. Political
uncertainty, corruption, limited progress on structural reform, and deficient
infrastructure are the main obstacles to long-term growth.
Source
: CIA
VICENTE SCAVONE Y
CIA. S.A.C.I.
"LABORATORIOS LASCA"
R.U.C.: 80001446-4
CREATED IN 1959.
FOLLOWER OF ACTITIVIES. NO PROVIDED BALANCE SHEET TO THIRD PARTIES. NO NEGATIVE.
FIT FOR MODERATED CREDITS, IN HIGH AMOUNTS REQUIRE ADDITIONAL GUARANTEES.
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
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.
Continued
with the negative of not provided financial information.
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.
COMPAÑIA QUIMICA
VICENTE SCAVONE S.A.
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:
--------------
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.
* 580 EMPLOYEES.
HABITUAL SUPPLIERS:
-------------------
GRAFICA MAYO S.A.
GLAXO S.A.
PHARMA ARGENTINA S.A.
ANNUAL PRODUCTION ESTIMATED:
============================
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
Industrial
Plant: Ruta Mcal.Estigarribia
Phone: (595-21) 506889
Agencies:
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Palma
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Palma esq. 15 de Agosto.
Phone. 595.21.490.396
Lambare
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Rca. Argentina y Paz del Chaco
Phone. 595.21.332.683
Santos
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Avda General Santos esq. T.S. Mongelos
Phone. 595.21.223.894
Encarnacion 1
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Avda Bernardino caballero esq. Lomas Valentinas
Phone. 595.71.202.566
Spain
------
Avda España esq. Dr Cassianof
Phone. 595.21.611.750
Luque
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Cerro cara esq. Fulgencia Yegros
Phone. 595.21.642.639
Amancio G.
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Avda Fco de
Phone. 595.21.303.624
Encarnacion 2
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General Artigas esq. Constitucion
Phone. 595.71.208.403
Mariscal Lopez
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Avda Mariscal Lopez esq. Bno Caballero
Phone. 595.21.204.395
Argentina
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Avda Rca Argentina esq. C.Cervera
Phone. 595.21.664.943
San Lorenzo
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10 de Agosto entre Hernandarias y Santiago Silva
Phone. 595.21.586.631
Sacramento
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Avda Sacramento esq. Dr. Argaña
Phone. 595.21.297.618
E. Ayala
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Avda E. Ayala esq
Artigas esq. Entre Rios
Phone. 595.21.206.854
Artigas
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Artigas y Entre Rios
Phone. 595.21.206854
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.
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 MODERATE IMPORTANCE.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.49 |
|
|
1 |
Rs.86.01 |
|
Euro |
1 |
Rs.73.68 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
RATING EXPLANATIONS
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
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.