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Report Date : |
22.05.2014 |
IDENTIFICATION DETAILS
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Name : |
POLI EMBALAJES S.A. |
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Registered Office : |
Ruta Internacional |
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Country : |
Paraguay |
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Financials (as on) : |
31.12.2013 |
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Year of Establishment : |
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 : |
140 |
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 (30.09.2013) |
Current Rating (01.12.2013) |
|
Paraguay |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
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 |
POLI EMBALAJES S.A.
R.U.C.: 800706072
HOME OF ACTIVITIES IN 2012. GENERAL GOOD PERFORMANCE. FIGURES OF BALANCE
SHEET AS 31/12/2013. NORMAL OPERATING DEVELOPMENT. NO NEGATIVE REGISTERED. IS
APT FOR NEW CREDITS MODERATED
> 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. PEDRO ACUÑA
Operative address: Ruta Internacional
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.
Figures of Balance Sheet as 31/12/2013:
TOTAL ASSETS .......................U$S 3.818.961
TOTAL LIABILITIES...................U$S 1.997.521
TOTAL NET WORTH.....................U$S 1.821.340
TOTAL LIABILITIES...................U$S 3.818.961
NET SALES...........................U$S 3.012.866
FINAL RESULT........................U$S 778.103
VEHICLES:
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Vans Toyota model 2013.
REAL ESTATE:
------------
Rent propertly, surface covered of
> ALFABRAS CIA LTDA. BRASIL
> ENVAPAR S.A. PARAGUAY
Payments: 30,60 and 90 days.
Credits: u$s 300.000.
Concept: Normal.
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
> ENVAPAR S.A. PARAGUAY
* 140 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 new credit operation and with guarantees of practice.
* IS SUITABLE FOR NEW CREDIT MODERATE.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 58.77 |
|
|
1 |
Rs. 99.01 |
|
Euro |
1 |
Rs. 80.56 |
INFORMATION DETAILS
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Analysis Done by
: |
RSM |
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Report Prepared
by : |
DPT |
RATING EXPLANATIONS
|
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 |
|
-- |
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.