MIRA INFORM REPORT

 

 

Report No. :

341321

Report Date :

30.09.2015

 

IDENTIFICATION DETAILS

 

Name :

B&M IMPORTADORA S.R.L.

 

 

Registered Office :

Ypane 944 entre Lomas Valentinas y Estero Bellaco, Lambare, Republic of Paraguay.

 

 

Country :

Paraguay

 

 

Financials (as on) :

31.12.2014

 

 

Year of Incorporation :

1999

 

 

Legal Form :

Liability Limited Company

 

 

Line of Business :

Importing and distributing high quality products for the pharmaceutical.

 

 

No. of Employees :

8 Employees

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limits :

U$S 1200.000

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

No Complaints

 

 

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

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

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

 

 

Registered Name

 

B&M IMPORTADORA S.R.L.

 

 

Summary

 

COMPANY ESTABLISHED IN 1999 BEGINS OPERATIONS. FIGURES OF BALANCE SHEET ENDING 31.12.2014. NO REGISTERED BACKGROUND. THE CONSIDERED SUITABLE FOR NEW CREDITS, ADDITIONAL GUARANTEES.

 

 

Operations

 

> PRODUCTS MISCELLANEOUS FOR THE INDUSTRY PHARMACEUTICAL.

> IMPORT

> COMERCIALIZATION

 

 

Legal Structure

 

LEGAL FORM:                          LIABILITY LIMITED COMPANY

CREATED:                                1999

REGISTERED RPC:                  1999

DURATION:                              UNLIMITED

END OF FISCAL YEAR:            31.12

 

 

Contact

 

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

 

 

Partners

 

PARTNER:

--------

ANDRES MOVIA ZAVALA (MANAGER)

ANA MARIA MOVIA

Using of signature: Partners.

 

 

History

 

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.

 

 

Economic-Financial Position

 

Provided figures of Balance sheet as 31 December 2014, expressed in Guaranies. (change:

 

1 Dollar: GR 4.640)

TOTAL ASSETS......................5.031.546.283

TOTAL LIABILITIES................. 619.719.427

NET WORTH.........................4.411.826.856

NET SALES.........................3.330.618.050

FINAL RESULT....................... 536.369.229

 

 

Assets

 

REAL ESTATE:

------------

- 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:

---------

2 VANS Toyota

 

 

Parent/Related Companies

 

* REPROQUIM S.R.L.

 

Commercial References Consulted

 

> KALPLAST S.A. (ARGENTINA)

> VULCAN S.A. BRASIL

Good concept.

Payments 30,60 days

Credit annuals U$S 1200.000

 

 

Evolution and Results

 

Operate in the company holding the above lines, having made an appropriate structure in

which under the direct supervision of those responsible 8 employees perform.

With several years of activity in the sector has achieved the creation of good customer

base within its area of influence to qualify as stable outlook.

FOREIGN TRADE:

==============

It makes imports from ARGENTINA, INDIA and CHILE and others.

Also with Brazil.

No participation in the export market.

They cover the whole country.

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

 

 

Payment Record and Credit Risk

 

BANCO REGIONAL

BANCO CONTINENTAL

BBVA PARAGUAY

Branchs Lambare.

INSURANCE:

----------

ASEGURADORA GENERAL S.A.

LA MERIDIONAL SEGUROS S.A.

 

 

Concept

 

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 RECORDS NEGATIVE.

 

 

Final Opinion

 

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.66.18

UK Pound

1

Rs.100.46

Euro

1

Rs.74.61

 

INFORMATION DETAILS

 

Analysis Done by :

RAS

 

 

Report Prepared by :

VNT

 

               

RATING EXPLANATIONS

 

RATING

STATUS

PROPOSED CREDIT LINE

 

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

 

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

 

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

 

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

 

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.