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Report No. : |
334853 |
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Report Date : |
17.08.2015 |
IDENTIFICATION DETAILS
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Name : |
VICENTE SCAVONE Y CIA. S.A.C.I. |
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Registered Office : |
Pastora Céspedes y Don Vicente Scavone, San Lorenzo, República del |
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Country : |
Paraguay |
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Date of Incorporation : |
15.10.1959 |
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Legal Form : |
Limited Company |
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Line of Business : |
Marketing
& Production of Medical Specialties
And Veterinary |
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No. of Employee : |
605 |
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 : |
Slow but correct |
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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, 2015
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Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
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Paraguay |
B2 |
B2 |
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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 in 2011-13 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 2014, 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 |
VICENTE SCAVONE Y
CIA. S.A.C.I.
"LABORATORIOS LASCA"
R.U.C.: 80001446-4
CREATED IN 1959. FOLLOWER OF ACTITIVIES. CONTINUED WITH THE POLICY OF
NOT PROVIDED BALANCE SHEET TO THIRD PARTIES. NO NEGATIVE.
MEDICAL SPECIALTIES AND VETERINARY
PRODUCTION
MARKETING
Legal Business:
Limited Company
Incorporated: 15/10/1959
Registered R.P.C.: Cdad.de Asunción
Duration: Unlimited
End of fiscal yr: 31/12
Accountant: Daniel Gomez.
Headquarters and administration: Pastora Céspedes y Don Vicente Scavone, San
Lorenzo, República del Paraguay.
Tel.: (595-21) 522322
E-mail: dgomez@lasca.com.py
E-mail: ventas@lasca.com.py
Website: www.lasca.com.py
President:
SCAVONE GIAGNI PASCUAL MANUEL
Vicepresident: SCAVONE GIAGNI AUGUSTO JOSE
The aforementioned are responsible for the management and administration of the
company, in its capacity as manager with the indiscriminate use of the
corporate signature.
The capital of the company was established in the amount of Gs. 5,000,000,000 has been fully subscribed and held by transcending that it is contributed mainly by members of his "staff" management.
SCAVONE GIAGNI PASCUAL MANUEL:
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Paraguay home, adult, DI.No. 62898, established professional Biochemical
established Km 10 Route Mcal.Estigarribia, San Lorenzo.
SCAAVONE GIAGNI AUGUSTO JOSE:
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of the same nationality and marital status, DI.No. 76045, established
established in Spain 667, Asunción.
Based on information available in our power,
is able to demonstrate that its intended purpose during the year 1935 Mr. Vicente
Scavone was established in that place, in order to found the Laboratory
"flake" in which produced the first drug of Paraguayan origin.
His tenure lasted until 1959, which was organized as a continuation of firm
owner, for the purposes intended, was established in the directions that have
been cited in due course.
While not rich in details about the particular
is to our knowledge which is linked to the firm CIA.QUIMICA VICENTE
SCAVONE S.A. on which no details are obtained.
Continued with the policy of not provided financial information.
BUILDINGS:
---------
Being as we are told, it is for the property all the property he holds in his
efforts, which have significant value realization.
Unable to contact the appropriate documentation to verify if they are exempt
from charges.
COMPAÑIA QUIMICA VICENTE SCAVONE S.A.
The specific purposes of the owner
concerning the production and marketing of medicines for human and veterinary
use, having annexed the sale of scientific instruments.
First-level sector peers, has to do with an important infrastructure, which is
represented largely by the laboratory with that account, which is equipped with
advanced technology and attention and direction which managers are responsible
together with a number of employees.
FOREIGN TRADE:
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Specific imports from Brazil, Argentina, India and several European countries,
carrying out exports of its products to Argentina, Brazil, Uruguay, Bolivia,
Chile, Ecuador and Central American countries.
* 605 EMPLOYEES.
HABITUAL SUPPLIERS:
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GRAFICA MAYO S.A.
GLAXO S.A.
PHARMA ARGENTINA S.A.
ANNUAL PRODUCTION ESTIMATED:
============================
UNITS
COMPRIMIDOS 47.429.755
COMPRIMIDOS RECUBIERTOS 42.060.993
CAPSULAS
18.300.000
INYECTABLES
5.030.081
CAPSULAS BETALACTAMICOS 5.000.784
COMPRMIDOS RECUBIERTOS
BETALACTAMICOS 4.190.000
JARABES Y SUSPENSIONES
LIQUIDAS
2.117.537
GOTAS Y AMP.BBB 1.345.102
INYECTABLES LIQUIDOS
FRASCOS CARPULES 843.366
LIOFILIZADOS
558.122
SEMISOLIDOS
473.320
COLIRIOS
412.410
Industrial Plant: Ruta Mcal.Estigarribia
Phone: (595-21) 506889
Agencies:
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Palma
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Palma esq. 15 de Agosto.
Phone. 595.21.490.396
Lambare
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Rca. Argentina y Paz del Chaco
Phone. 595.21.332.683
Santos
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Avda General Santos esq. T.S. Mongelos
Phone. 595.21.223.894
Encarnacion 1
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Avda Bernardino caballero esq. Lomas Valentinas
Phone. 595.71.202.566
Spain
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Avda España esq. Dr Cassianof
Phone. 595.21.611.750
Luque
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Cerro cara esq. Fulgencia Yegros
Phone. 595.21.642.639
Amancio G.
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Avda Fco de
Phone. 595.21.303.624
Encarnacion 2
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General Artigas esq. Constitucion
Phone. 595.71.208.403
Mariscal Lopez
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Avda Mariscal Lopez esq. Bno Caballero
Phone. 595.21.204.395
Argentina
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Avda Rca Argentina esq. C.Cervera
Phone. 595.21.664.943
San Lorenzo
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10 de Agosto entre Hernandarias y Santiago Silva
Phone. 595.21.586.631
Sacramento
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Avda Sacramento esq. Dr. Argaña
Phone. 595.21.297.618
E. Ayala
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Avda E. Ayala esq
Artigas esq. Entre Rios
Phone. 595.21.206.854
Artigas
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Artigas y Entre Rios
Phone. 595.21.206854
BANCO CONTINENTAL S.A.
Principal office
INSURANCE:
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MAPFRE S.A.
Is a business connection to the firms and other places, many of which we
have assigned facilities of varying importance and in terms customary in the
sector, without objections until payment methods it supports.
* COMPLIANCE: NO OBJECTIONS DETECTABLE.
So then, much lamenting the behavior of
society remain reluctant to provide information, we understand that out of it,
the company is doing well, with favorable references to third parties.
The lack of more elements that help form a concept on rubrada, lead us to
recommend whether to operate, but with the due caution.
We understand that credit cautiously treatment is feasible.
* OPERATE IN MODERATE AMOUNTS AND WITH CAUTION.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.64.92 |
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|
1 |
Rs.101.44 |
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Euro |
1 |
Rs.72.26 |
INFORMATION DETAILS
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Analysis Done by
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DIV |
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Report Prepared
by : |
SDA |
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.