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Report Date : |
11.01.2014 |
IDENTIFICATION DETAILS
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Name : |
HEISECKE Y CIA. S.A.C.I. |
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Registered Office : |
Peru 140 Esquina Mariscal Lopez, Asuncion |
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Country : |
Paraguay |
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Date of Incorporation : |
1935 |
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Legal Form : |
Public Limited Company Commercial Industrial |
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Line of Business : |
Medicinal Products for Human Use and Cosmetics Processing |
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No. of Employees : |
300 |
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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
Paraguay |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
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.
|
Source
: CIA |
In absence of financials, no credit limit could be recommended.
HEISECKE Y CIA. S.A.C.I.
R.U.C. 80001770-6
CREATED IN 1935. BEGINNER OF ACTIVITIES. FIGURES OF BALANCE SHEET AS 31/12/2012.
NO REGISTERED NEGATIVE. APT FOR CREDITS WITH ADDITIONAL GUARANTEES.
MEDICINAL PRODUCTS FOR HUMAN USE AND COSMETICS PROCESSING
Legal Form: Public
Limited Company Commercial Industrial
Created: 1935
Duration: Unlimited
End of fiscal year: 31/12
Accountant: Jaime Caballero
Operative address: Peru 140
Esquina Mariscal Lopez, Asuncion, Republic of Paraguay.
Phone: 595
21 200055
E-mail: info@hcgrupo.com
Web: www.hcgrupo.com
* President:
HEISECKE RAFAEL
* Director: HEISECKE ADRIANA
* Director: CERVANT DIDIER
Using of signature: President.
The company was created in 1935 by its initiators, dedicated to the
production of medicinal products for human and cosmetic use.
This related with the following companies:
* BELLCOS BOLIVIA S.A.
* BELLCOS PARAGUAY S.A.
It is also known as GRUPO HEISECKE.
Figures of Balance Sheet as 31/12/2012, expressed in Guaranies:
Change: 1 u$s : GR 4224
TOTAL ASSETS GR 30.347.000
TOTAL LIABILITIES GR 9.028.000
TOTAL SALES GR 27.568.000
FINAL RESULT GR 5.094.000
REAL ESTATE:
------------
- Senador M. Flecha y Valois Rivarola - Luque, Republic of Paraguay. Industrial
Plant with
VEHICLES:
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8 vehicles.
* BELLCOS BOLIVIA S.A.
* BELLCOS PARAGUAY S.A.
Dedicated to the production, import and marketing of medicinal products
for human use and cosmetics in general.
Includes the manufacture of liquids, suspensions, creams, ointments, tablets,
capsules, ovules and beta-lactams antibiotics.
Specializing in the construction and consolidation of first-line BRANDS aimed
at market leadership. In addition to its own brands, the Group has the
exclusive distribution of some of the divisions and laboratories world's
leading companies such as L'Oréal, Glaxo Smith Kline and Heymann.
The main lines of own production are pharmaceutical and dietary. In addition,
the modern equipment of an industrial facility, recently renovated, can provide
development services, production and packing to others, inside and outside the
country.
The company holds the exclusive distribution of L'OREAL marks throughout the
territory of Bolivia.
FOREIGN TRADE:
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Import from: CHILE, BRAZIL, PERU, ARGENTINA, CHINE and others countries. No
export.
MAIN SUPPLIERS:
---------------
EMPACO S.A.
RODHOPLAST S.A.
FOSCO S.A.
CLIENTS:
--------
GRAMON
DALLAS
NEUROGEN
KEMIA
AVANCE PHARMA
* 300 Employees
* Industrial Plant:
------------------
Senador M. Flecha y Valois Rivarola - Luque,
Paraguay.
* BOLIVIA:
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- Santa Cruz de la Sierra
Clotilde Velasco Nº 4700
Teléf. : +591-3-3453500/1
Fax : +591-3-3453502
- La Paz
Av. Arce Nº 2312
Telefax: +591-2 24 44 079
- Cochabamba
Av. Uyuni Nº 529
Telefax: +591-4 44 89 200
* BANCO SUDAMERIS Suc. Casa Central
* BANCO ITAU Suc. Casa Central
* BBVA PARAGUAY Suc. Casa Central
INSURANCE:
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Complies neatly with commitments. Good concept to the present.
Suitable to operate with credits, requesting guarantees that are usual
requirement.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.94 |
|
|
1 |
Rs.102.06 |
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Euro |
1 |
Rs.84.31 |
INFORMATION DETAILS
|
Report Prepared
by : |
NNA |
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 |
|
<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.