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Report No. : |
303443 |
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Report Date : |
19.01.2015 |
IDENTIFICATION DETAILS
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Name : |
QUIMFA S.A. |
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Registered Office : |
Avda Primer Presidente 1736 Y Calle Yrendague. Asuncion, Republic of
Paraguay |
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Country : |
Paraguay |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
2012 |
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Legal Form : |
Public Limited Company |
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Line of Business : |
Subject is engaged in aims to manufacture and commercialization of
medicinal products for human use. |
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No. of Employee : |
400 |
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 : |
U$S 200.000 |
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Status : |
Satisfactory |
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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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
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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
2011-12 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 |
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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.61.89 |
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|
1 |
Rs.93.92 |
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Euro |
1 |
Rs.72.00 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared by
: |
TPT |
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.