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Report No. : |
345647 |
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Report Date : |
20.10.2015 |
IDENTIFICATION DETAILS
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Name : |
TECNOMYL S.A. |
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Registered Office : |
Avda. Aviadores del Chaco 3301, Asuncion, Paraguay
Republic. Surface |
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Country : |
Paraguay |
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Financials (as on) : |
31.12.2014 |
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Date of Incorporation : |
1991 |
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Legal Form : |
Liability Limited Company |
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Line of Business : |
Import, Manufacture and Commercialization of
Agrochemicals. |
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No. of Employees : |
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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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, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Paraguay |
B2 |
B2 |
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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 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.
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Source
: CIA |
TECNOMYL S.A.
R.U.C. Nº.: 80005230-7
INCORPORATED IN 1991, BEGINNER OF THE ACTIVITIES. BALANCE
SHEET AT 31/12/2013 AND 31/12/2014, IN GUARANIES. NO NEGATIVE ANTECEDENTS. APT
FOR NEW CREDITS AND ADDITIONAL GUARANTEES.
Operations
IMPORT, MANUFACTURE AND
COMMERCIALIZATION OF AGROCHEMICALS.
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By mid 1991 it was organized the company TECOMYL S.R.L.
integrated by Anibal Jose Mocchi and Jose Marcos Sarabia. |
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Of indirect means had access to the following figures of the
balance sheet as 31/12/2014 and 31/12/2013, EXPRESSED IN GUARANIES. |
Balance Sheet
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Balance Sheet/s |
31/12/2013 |
31/12/2014 |
|
Total Assets |
$ 753.539.348.697,00 |
$ 842.862.338.314,00 |
|
Current Assets |
$ 700.501.396.273,00 |
$ 733.953.175.472,00 |
|
Banks |
$ 0,00 |
$ 0,00 |
|
Accounts Receivables |
$ 0,00 |
$ 0,00 |
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Inventory |
$ 0,00 |
$ 0,00 |
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Fixed Assets |
$ 0,00 |
$ 0,00 |
|
Non-Current Assets |
$ 53.037.952.424,00 |
$ 108.909.162.842,00 |
|
Investments |
$ 0,00 |
$ 0,00 |
|
Total Liabilities |
$ 581.221.378.830,00 |
$ 612.670.167.767,00 |
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Current Liabilities |
$ 565.301.578.233,00 |
$ 488.100.708.350 ,00 |
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Non-Current Liabilities |
$ 15.919.800.597,00 |
$ 124.569.459.417,00 |
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StockHolders Equity |
$ 172.317.969.867,00 |
$230.192.170.547 ,00 |
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Net Sales |
$ 432.445.789.070,00 |
$ 523.453.881.022,00 |
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Cost of Good Sold |
$ 5.236.638.746,00 |
$ ,00 |
|
Gross Result |
$ 427.209.150.324,00 |
$ 523.453.881.022,00 |
|
Administrative Expenses |
$ 414.284.442.768,00 |
$ 475.218.470.917,00 |
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Selling Expenses |
$ 0,00 |
$ 0,00 |
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Financial Income |
$ 0,00 |
$ 0,00 |
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Other Expenses |
$ 0,00 |
$ 0,00 |
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Final Result |
$ 12.924.707.556,00 |
$ 48.235.410.105,00 |
Balance Sheet Analysis
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Indexes |
31/12/2013 |
31/12/2014 |
|
Current Ratio |
123,92 % |
150.37 % |
|
Quick Ratio |
123,92 % |
150.37 % |
|
Short Term Indebtedness |
328,06 % |
212.04 % |
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Debt to Equity Ratio |
337,30 % |
266.16 % |
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Long Term Assets to Total Assets |
7,04 % |
12.92 % |
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Fixed Assets to Equity |
0,00 % |
0 % |
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Total Assets to Total Liabilities |
129,65 % |
137.57 % |
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Debt Ratio |
77,13 % |
72.69 % |
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Equity Ratio |
22,87 % |
27.31 % |
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Investments to Assets Ratio |
0,00 % |
0 % |
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Current Investment |
92,96 % |
87.08 % |
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Stocks Aging Days |
0,00 días |
NeuN días |
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Day Sales |
0,00 días |
0,00 días |
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Trade Debtors To Assets |
0,00 % |
0,00 % |
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Total Assets Turnover |
57,39 % |
62.10% |
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Net Worth Aging |
250,96 % |
227.40% |
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Fixed Assets Aging |
Infinito % |
Infinito % |
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Gross Profit |
1,21 % |
0% |
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Financial Expenses on Sales Ratio |
0,00 % |
0,00 % |
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Commercial Exp. on Sales Ratio |
0,00 % |
0,00 % |
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Administrative Exp. on Sales Ratio |
95,80 % |
90.79% |
Assets
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BUILDINGS: - Operational and legal address: |
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AGROFERTIL S.A. AGROPECUARIA CAMPOS NUEVOS S.A. |
|
OXITENO S.A. (BRASIL) |
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Society engaged to the import, export, production and
commercialization of agrochemical products. (fungicides, herbicides and
insecticides). |
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Production plant: |
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> BANCO REGIONAL S.A. |
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It is commercially related with companies of that and other
places, among which they offer their credit support without making until the
moment objections on the modes of payment that sustains. |
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We believe that this is finally a society which continued can be
linked in new credit operations, in moderate amounts of economic level, with
the request for guarantees. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.82 |
|
UK Pound |
1 |
Rs.100.55 |
|
Euro |
1 |
Rs.73.75 |
INFORMATION DETAILS
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Analysis Done by
: |
KAR |
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Report Prepared
by : |
TRU |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
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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 |
-- |
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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.