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Report Date : |
04.07.2014 |
IDENTIFICATION DETAILS
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Name : |
B&M
IMPORTADORA S.R.L. |
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Registered Office : |
Ypane 944 Entre Lomas Valentinas Y Estero Bellaco, Lambare |
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Country : |
Paraguay |
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Financials (as on) : |
31.12.2013 |
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Year of Establishment : |
1999 |
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Legal Form : |
Liability Limited Company |
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Line of Business : |
· engaged in importing and distributing high quality products for the Pharmaceutical Industry Engaged in representing
and Distribution of Medical
Packaging, including the brands VULCAN, TRYMO and SCHOTT. Subject also Sells Cosmetic Packaging and other
accessories, among which may be mentioned double bottom pots, hair products,
applicators, dispensers, valves, pumps, triggers, caps, seals and plugs
brands such as |
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No of Employees : |
08 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 9,00,000 |
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Status : |
Satisfactory |
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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 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
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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 Risk |
A2 |
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Moderate Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderate High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
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.
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Source
: CIA |
B&M
IMPORTADORA S.R.L.
R.U.C.: 80020809-9
COMPANY ESTABLISHED
IN 1999 BEGINS OPERATIONS. FIGURES OF BALANCE SHEET ENDING 31.12.2013. NO
REGISTERED BACKGROUND. THE CONSIDERED SUITABLE FOR NEW CREDITS, ADDITIONAL
GUARANTEES.
> PRODUCTS
MISCELLANEOUS FOR THE INDUSTRY PHARMACEUTICAL.
> IMPORT
> COMERCIALIZATION
LEGAL FORM:
LIABILITY LIMITED
COMPANY
CREATED: 1999
REGISTERED RPC: 1999
DURATION: UNLIMITED
END OF FISCAL YEAR: 31.12
Credit Limit : USD
9,00,000
Accountant: SONIA
PEREZ
Legal and dependences operatives address: Ypane 944 entre Lomas Valentinas y
Estero Bellaco, Lambare, Republic of Paraguay.
Phone. 595-21 907340
907352
E.Mail: administracion@bymimportadora.com
Web: www.bymimportadora.com
PARTNER:
--------
ANDRES MOVIA ZAVALA (MANAGER)
ANA MARIA MOVIA
Using of signature: Partners.
According to
investigations conducted arises, reference activities were initiated and
implemented by this society, which is governed by legal clauses above.
This is a company that works importing and distributing high quality products
for the pharmaceutical industry since 1999.
Represents and distributes medical packaging, including the brands VULCAN,
TRYMO and SCHOTT.
Also sells cosmetic packaging and other accessories, among which may be
mentioned double bottom pots, hair products, applicators, dispensers, valves,
pumps, triggers, caps, seals and plugs brands such as:
PLASMARE, ESTAPAL, BKS, GERRESHEIMER, INDIOQUIMICA, KALPLAST, CAPSULIT, ROHA,
DANO, SGD, TECH SPRAYER, ACG, BIPHARMA &CESMART.
Provided figures of Balance sheet as 31
December 2013, expressed in Guaranies. (change: 1 Dollar: GR 4.400)
TOTAL ASSETS......................4.499.860.330
TOTAL LIABILITIES................. 595.902.791
NET WORTH..........................3.903.957.539
NET SALES..........................3.499.810.697
FINAL RESULT....................... 660.751.858
Figures of balance sheet as 31 December
2012, (expressed in u$s).
TOTAL ASSETS.................784.090
TOTAL LIABILITIES............ 30.455
NET WORTH....................753.635
NET SALES....................795.454
FINAL UTILITY................113.636 (14,28%)
ECONOMIC COMMENTARY:
---------------------
The figures stated show a strong financial-economic structure and obtaining
appropriate benefits.
Note that the business of the company so far has been normal lanes
mostrandodentro assigned stable outlook.
REAL ESTATE:
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- Ypane 944 entre Lomas Valentinas y Estero Bellaco, Lambare, Republic of
Paraguay.
Surface of 400 m2 covered.
- Avda Von Bolesky 1259 de Villa Elisa, Republic of Paraguay, surface covered
500 m2.
VEHICLES:
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2 VANS Toyota
> KALPLAST S.A.
(ARGENTINA)
> VULCAN S.A. BRASIL
Good concept.
Payments 30,60 days
Credit annuals u$s 100.000
Holder society
operates within the aforementioned items, having made an appropriate structure
in which under the direct supervision of their managers.
FOREIGN TRADE:
==============
Import from ARGENTINA, BRASIL, INDIA and CHILE.
No export.
HABITUAL SUPPLIERS:
===================
> PLASMARE S.A. (ARGENTINA)
> BSK INSUMOS INDUSTRIALES S.A. (CHILE)
> ESTAPAL S.A. (ARGENTINA)
> KALPLAST S.A. (ARGENTINA)
> VULCAN S.A. DE BRASIL
* 8 employees
Deposit: Avda Von
Bolesky 1259 de Villa Elisa, Republic of Paraguay
BANCO REGIONAL
BANCO CONTINENTAL
BBVA PARAGUAY
Branchs Lambare.
INSURANCE:
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ASEGURADORA GENERAL S.A.
LA MERIDIONAL SEGUROS S.A.
To date there is
no record negative about this company.
The general obligations are being assumed by canceling within terms that are
deemed normal and is rated favorably.
* NO BACKGROUND NEGATIVE.
The company is
suitable for new credit operations, with additional guarantees.
* SUITABLE FOR NEW CREDITS.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.72 |
|
UK Pound |
1 |
Rs.102.45 |
|
Euro |
1 |
Rs.81.54 |
INFORMATION DETAILS
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Analysis Done by
: |
SUB |
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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.