MIRA
INFORM REPORT
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Report Date : |
05.08.2008 |
IDENTIFICATION
DETAILS
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Name : |
RHEIN GROUP S.A. |
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Registered Office : |
Calle Elvira Mendez y 52, Edificio El Dorado, Piso 2 |
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Country : |
Panama |
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Date of Incorporation : |
24.05.2005 |
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Legal Form : |
Joint-Stock Company |
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Line of Business : |
It has been created to carry out in the Republic of Panama or in any other
country, colony or foreign territory, the purchase, sale, disposal, dealing,
transfer, barter, ownership, negotiate, finance, administration, give or
borrowing money in loan, living or taking commission, mortgage, security,
lease, use, usufruct, or receivership, any kind of property, whether real
estate or personal stock or rights, and make and accept all kinds of deals,
contracts, operations, business and transactions of lawful commerce. |
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 |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
IDENTIFICATION
CORRECT COMPANY NAME : RHEIN GROUP S.A.
TAXPAYER REGISTRATION : RUC 78405-01-489038
MAIN ADDRESS :
Calle
Elvira Mendez y 52, Edificio El Dorado, Piso 2
CITY/PROVINCE/STATE :
Panamá
/ Panamá
COUNTRY :
PANAMA
TELEPHONE : (507)264.2330
COMMENTS .-
Clarify the address and
telephone number belong to the office of the Resident Agent of RHEIN GROUP
S.A., company legally registered in Panama but operating abroad (undisclosed
headquarters).
The Resident Agent forwards all
correspondence or mail to the Subject.
LEGAL BACKGROUNDS
LEGAL STATUS : Joint-Stock
Company
DATE OF INCORPORATION : 24MAY2005
REGISTERED IN : Panama.
NOTARY OFFICE : Second of the Circuit
DURATION : Perpetual
REGISTRATION :
Card
489038, Document 784050
INITIAL CAPITAL : US$10,000.=
Dollars
TYPE OF SHARES : Nominatives or
bearer
CURRENT EXCHANGE RATE : B/.1.= per 1.= US Dollar
COMMENTS .-
Legal Representation is held by the President,
and in absence the Treasurer or the Secretary can exercise said functions or
any other person designated for such purpose by the Board of Directors.
HISTORY
Company incorporated pursuant to Deed No. 5452. As subscribers of the articles
of incorporation are listed: Richard Alphonse Ballard Vargas and Joaquín César
Benavides Arosemena.
DIRECTORS / EXECUTIVES /
SHAREHOLDERS
FULL NAMES / COMPANY NAME TITLE
ORTEGA, HERIBERTO President/Director
BARRIA, ALVARO Treasurer/Director
UREÑA, VIELKA TORIBIO DE Director/Secretary
BALLARD & BALLARD Resident Agent
WHO IS WHO ?
BALLARD & BALLARD
NATIONALITY : Panamanian
HOME ADDRESS : Edificio El
Dorado, Calles 52 y Elvira Méndez, Panamá TLF : 2642330
BACKGROUNDS .-
Law firm.
BUSINESS
MAIN ACTIVITY .-
Subject Company has been registered as an
IBC or Offshore Company. It does not carry out operations in Panama.
It has been created to carry out in the Republic of Panama or in any
other country, colony or foreign territory, the purchase, sale, disposal, dealing,
transfer, barter, ownership, negotiate, finance, administration, give or
borrowing money in loan, living or taking commission, mortgage, security,
lease, use, usufruct, or receivership, any kind of property, whether real
estate or personal stock or rights, and make and accept all kinds of deals,
contracts, operations, business and transactions of lawful commerce.
FACILITIES .-
Use : At caption address we find the offices of
the law firm BALLARD & BALLARD.
Remarks and other Premises .-
Although the legal domicile of this company
is at this address, it does not operate and does not have offices in Panama.
The Resident Agent takes care of forwarding all correspondence to subject.
FINANCIAL INFORMATION
According to informed by subject's resident
agent, Ballard & Ballard, Subject is legally registered in Panama with head
offices abroad but they claim they can not provide more information as it is
their policy to protect the identity of their clients.
Information contained on report was obtained
in outside sources.
Subject is under the same condition as many
companies that are established in Panama founded in order to protect their
shareholders' investments and, to avail of tax exemption laws in that country.
The total investor's anonymity and business secrecy is granted by Panamanian
legislation
Subject's annual business volume is not
disclosed by its Resident Agent.
As a private and offshore business there is
no financial published.
PAYMENTS RECORD
TRADE REFERENCES .-
COMMENTS .-
In virtue of the nature of its business operations, subject is
completely unknown a user of local trade credit.
BANKING INFORMATION
BANKERS
Banks, credit institutions and other sources consulted as the Panamanian
Credit
Association do not report credit or banking experience of any kind with
subject.
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.42.40 |
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UK Pound |
1 |
Rs.83.57 |
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Euro |
1 |
Rs.66.02 |
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 |
Unfavourable & favourable factors carry similar weight in credit
consideration. 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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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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%)