MIRA INFORM REPORT

 

 

Report Date :

11.04.2014

 

IDENTIFICATION DETAILS

 

Name :

PROPAL S.R.L.

 

 

Registered Office :

Concepcion Nº 7899 casi esquina Boqueron, Fernando de la Mora, Republic of

 

 

Country :

Paraguay

 

 

Date of Incorporation :

1992

 

 

Legal Form :

Public liability company

 

 

Line of Business :

Subject is engaged in aluminium processing and manufacturing aluminum trays for gastronomy.

 

 

No. of Employees

10

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

Payment Behaviour :

No complaints

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 – december 01, 2013

 

Country Name

Previous Rating

(30.09.2013)

Current Rating

(01.12.2013)

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 in 2011-12 as the stimulus subsided and severe drought and outbreaks of foot-and-mouth disease led to a drop in beef and other agricultural exports. The economy took another leap in 2013, largely due to strong export growth. Political uncertainty, corruption, limited progress on structural reform, and deficient infrastructure are the main obstacles to long-term growth

 

Source : CIA

 

NOTE

 

In absence of financials, no credit limit could be recommended.

 

 

Company name and address

 

 

PROPAL S.R.L.

R.U.C. 80010092-1

 

 

Summary 

 

BEGINNER OF ACTIVITIES. INCORPORATED IN 1992. NOT PROVIDED FINANCIAL INFORMATION TO THIRD PARTIES. NO NEGATIVE. FIT FOR OPERATIONS OF CURRENT IMPORTANCE AND ADDITIONAL GUARANTEES.

 

 

Operations 

 

ALUMINIUM PROCESSING AND MANUFACTURING ALUMINUM TRAYS FOR GASTRONOMY.

 

 

Legal Structure 

 

Legal form:             Public liability company
Created:                 1992
Regestired RPC:    1992
Duration:                 Unlimited
End of fiscal year:    31/12

 

 

Contact 

 

Mrs. Marcos Garcia Rios - of administration.

Administration and Operative address: Concepcion Nº 7899 casi esquina Boqueron, Fernando de la Mora, Republic of Paraguay.

Phones: 0595 21 506619/509720/422349

E-mail: propalsrl@tigo.com.py

Before he had located Mayor Martinez 2286, Asuncion, Paraguay.

 

 

 

 Partners

 

PARTNERS:
---------

   EDITH LOURDES FERNANDEZ

Using signature: It is the responsibility of the partners individually and indistinct in character Managers.

PEDRO PABLO GUILLERMO partner BENITEZ, died on 03.29.2014, and the integrated succession Lourdes Fernandez Edith (wife) and children (data not expanded).

 

 

Personal Information 

 

EDITH LOURDES FERNANDEZ
-----------------------
Paraguayan, married, born in 1964.

 

 

History 

 

It has been determined through the inquiries that have been made, that the activities in question were initiated and implemented by this society, that governs their actions to address reporting.

This is an industry that is dedicated to the manufacture of aluminum products, especially in trays for gastronomy.

You are not registered with development partners from other commercial activities.

 

 

Economic-Financial Position 

 

In our society dependencies agent was attended by Mr. Marcos Garcia Rios, who stood manifiestoque by determination of the board, no accounting information of any kind is provided.

They close their financial years to December 31 of each year.

Viewed Local media report that the holder unfolds within a commercially important medium sphere with obtaining reasonable profits without irregularities detected to present alternatives that may affect its development.

 

 

Assets 

 

REAL ESTATE:
-----------
A society is given the possession of the property sits where its operating units of 295 m2 and located in Ciudad Fernando de la Mora 2000 m2.

The property referred to as a whole have significant value realization.

 

 

Commercial References Consulted 

 

* BILCAR S.A. (PARAGUAY)
* BARRIER SOLUTIONS (ARGENTINA)
* PLASCAL LTDA. (BRASIL)
* PAPEI JARAGUA S.A. (BRASIL)
* AKAPOL S.A. (ARGENTINA)

30/60/90 installment purchase days.
What amounts to approx 100,000 usd per year.
Concpeto without comment.

 

 

Evolution and Results 

 

This society is dedicated to the development of the above mentioned steps, with the appropriate operational structure.

With sales covers the national market, making imports from Argentina, Brazil and India.

Leading operations are their own responsibility, with 10 employees who collaborate.

MAIN SUPPLIERS:
--------------
* BILCAR S.A. (PARAGUAY)
* BARRIER SOLUTIONS (ARGENTINA)
* PLASCAL LTDA. (BRASIL)
* PAPEI JARAGUA S.A. (BRASIL)
* AKAPOL S.A. (ARGENTINA)

* 10 employees

 

 

Payment Record and Credit Risk 

 

BANCO REGIONAL             CTA. 4100197020
BANCO ITAU

 

 

Concept 

 

To date the company has been serving holder commitments within normal limits which are judged and is referenced on good terms in the operating means they are accustomed.

* Without objection.

 

 Final Opinion 

 

It is considered that this society is finally fit to be related to new credit operations, in moderate amounts in the conditions of usual practice.

In higher amounts it is advisable to request consideration of the guarantees suitable to provide adequate coverage to the operation.

 


 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.60.21

UK Pound

1

Rs.101.05

Euro

1

Rs.83.33

 

INFORMATION DETAILS

 

Analysis Done by :

SUB

 

 

Report Prepared by :

NIS

 

               

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

 

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

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.