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Report Date : |
05.02.2014 |
IDENTIFICATION DETAILS
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Name : |
POLI EMBALAJES |
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Registered Office : |
Ruta Internacional 7 Km. 12,500 Complejo Algesa, Ciudad del Este |
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Country : |
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Year of Establishments: |
2012 |
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Legal Form : |
Public Limited Company |
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Line of Business : |
manufacturer of plastic bags. |
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No. of Employees : |
150 |
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 – december 01, 2013
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Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
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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 |
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.
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Source : CIA |
POLI EMBALAJES
S.A.
RUC: 800706072
HOME OF ACTIVITIES IN 2012. GENERAL GOOD
PERFORMANCE. NORMAL OPERATING DEVELOPMENT.
PROVIDE MONTHLY SALES. PREDISPOSITION GOOD AND COMPLIANCE. SIGNATURE IS APT FOR
NEW CREDITS.
> PLASTIC INDUSTRY
> FACTORY PLASTIC BAGS
LEGAL FORM:
PUBLIC
LIMITED COMPANY
CREATED: 2012
REGISTERED R.MERCANTIL: 2012
END OF FISCAL YEAR: 31.12.
DURATION: UNLIMITED
MR. MANOEL FRANCISCO CARLOTO
Operative address: Ruta Internacional 7 Km. 12,500 Complejo Algesa, Ciudad del
Este, Republic of Paraguay.
Phone: 595.61.580057
Cellular: 595. 982722650
E-mail: poliembalajes@hotmail.com
PRESIDENT:
IGNACIO PROCOPIO
DIRECTOR: MANOEL FRANCISCO
CARLOTTO
Using of signature: President.
In the year 2012 kicked off with this
activity, leading her out in the direction indicated in advance.
Concerns the plastic industry, the largest item being the manufacture of
plastic bags.
They are not recorded other commercial activity.
Not provided copies of your exercises.
Provided monthly sales u$s 325.000.-
VEHICLES:
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Vans Toyota model 2013.
REAL ESTATE:
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Rent propertly, surface covered of 2.500 m2.
Manufacture of plastic bags.
Adequate facilities occupy well presented with good stock of merchandise and
commodities.
Import from Brasil and India. Export to Brasil.
During the short time that they have been forming activity adequate customer
base being satisfactory results to date.
SUPPLIERS:
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> CASA DE LOS COMPRESORES S.A. PARAGUAY
> PROCOPIO INDUSTRIA Y COMERCIO LTDA. BRASIL
> ALFABRAS CIA LTDA. BRASIL
* 150 EMPLOYEES
> BANCO GNB PARAGUAY Branch CIUDAD
DEL ESTE.
INSURANCE:
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> GNB SEGUROS S.A.
They use various credit facilities.
Referring to the cancellation of obligations it is normal
No concrete evidence of delays in payment of all debts.
* GOOD CONCEPT
So we come to the conclusion that it is
feasible to establish a credit operation, working within a conservative basis
and with guarantees of practice.
* SIGNATURE IS SUITABLE FOR NEW CREDIT TRANSACTIONS.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.62.68 |
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|
1 |
Rs.101.98 |
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Euro |
1 |
Rs.84.78 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
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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 |
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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.