MIRA
INFORM REPORT
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Report Date : |
11.12.2008 |
IDENTIFICATION
DETAILS
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Name : |
TILE COMMERCIAL
INC. |
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Registered Office : |
Calle Aquilino de la Guardia 8, Piso 5, Edificio IGRA, Ap.Postal
87-1371, Zona 7 |
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Country : |
Panama |
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Date of Incorporation : |
12.11.1999 |
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Legal Form : |
Corporation |
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Line of Business : |
It has been established with the purpose
of carrying out in the Republic of Panama or any other country, settlement or
foreign territory, activities related to purchase, sell, transfer, arrange,
negotiate, finance, exchange, own, manage, give or take money in loan, give
or take in commission, mortgage, pledge, lease, use, easement, or antichresis
of all kind of properties, either movable or immovable, stocks or rights, and
make and carry out all acts, agreements, operations, negotiations, and
transactions by virtue of law. |
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 : |
Unknown |
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Litigation : |
Clear |
IDENTIFICATION
CORRECT COMPANY NAME : TILE COMMERCIAL
INC.
TAXPAYER REGISTRATION : RUC 451391370285 OPERATING STATUS: Active
MAIN ADDRESS : Calle Aquilino de
la Guardia 8, Piso 5, Edificio IGRA,
Ap.Postal 87-1371, Zona 7 Panamá,
CITY/PROVINCE/STATE : Panamá/Panamá
COUNTRY : PANAMA
TELEPHONE : (507)263.5555
FAX : (507)263.5555
E - MAIL : igranet@icazalaw.com
COMMENTS .-
It should be made clear that both address
and phone numbers in the identification
section are of the offices of subject's
Registered Agent.
SUMMARY
Incorporation : 1999 Operating Status : Active
Last Capital :
US$10,000.=
Dólares
Finantial Situation : UNDETERMINED
Employees : Se desconoce
Business Trend : Undetermined
LEGAL BACKGROUNDS
LEGAL STATUS : Corporation
DATE OF INCORPORATION : 12NOV1999
REGISTERED IN : Panama
NOTARY OFFICE : Third of Circuit
DURATION : Perpetual
REGISTRATION : Card 370285, Doc.45139 (17.11.99) Not.Instr. 7900
INITIAL CAPITAL : US$10,000.= Dollars
CURRENT PAID-IN CAPITAL : US$10,000.=
Dollars
LAST CAPITAL INCREASE : No increases reported
TYPE OF SHARES : Registered
SHARE VALUE : US$100.= Dollars
CURRENT EXCHANGE RATE : B/.1.= per US$1.=
Dollar
DIRECTORS / EXECUTIVES /
SHAREHOLDERS
FULL NAMES / COMPANY NAME TITLE
VALSECHI MCCIO, MILTON President
SCHELOTTO RETAMOSO,
SANDRA Treasurer/Director
ARTEAGA SAENZ, CLARA
ELENA Secretary/Director
ICAZA, GONZALEZ-RUIZ &
ALEMAN ABOGADOS Registered
Agent
WHO IS WHO ?
ICAZA,
GONZALEZ-RUIZ & ALEMAN ABOGADOS
NATIONALITY : Panamanian
HOME ADDRESS : Edificio IGRA, Piso 5, Calle Aquilino De La Guardia 8, Panamá, TLF : 2635555
E - MAIL : igranet@icazalaw.com
BACKGROUNDS .-
Acronym name: IGRA
P.O. Box: Apartado Postal 87-1371, Zona 7
Panamá
Law Firm formed by a group of well-known
lawyers.
It offers administrative service, service in
the legal area, commercial law, offshore
clients, etc.
Regarding corporate law, it provides
information related to the organization of local
and offshore companies(Panama, Anguila and
the British Virgin Islands), limited
liability companies, mixed companies, civil
corporations, and other corporate entities.
It also offers service considered
"offshore", such as the organization of private
foundations, trust funds, and registration
of yachts in Panama and in the Virgin
Islands.
Associated as per our database to :
Company Title Tax. Reg. Country
ALFA EXPORT SERVICE INC. Registered Agent 956297108093 PANAMA
BALSHAMILL SA Registered Agent PANAMA
BELLO DISTRIBUTION CORPORATION Registered Agent 749255119305 PANAMA
CAPITALES Y TENENCIAS S.A. Resident Agent PANAMA
CARRETERO INTERNATIONAL CORP Registered Agent 261578404603 PANAMA
CEK DE PANAMA SA Registered
Agent PANAMA
CHIRON INTERNACIONAL CONSULTING
INC. Resident Agent
11020281560064 PANAMA
COMERCIAL WHITEHORN S.A.
PANAMA
CORPORACION UBC INTERNACIONAL SA Registered Agent PANAMA
CUEX S.A. Resident Agent PANAMA
DISGLA HOLDING INC. Registered Agent 10871222283 PANAMA
DSM NUTRICIONAL PRODUCTS INTERAMERICA
SA Registered Agent PANAMA
GLAXOSMITHKLINE EXPORT PANAMA S.A. Registered Agent 4946733315138DV PANAMA
HOWMEDICA INTERNATIONAL S DE RL Registered Agent PANAMA
HYLAND BUSINESS CORP. Resident Agent 7933761492319 PANAMA
IMPORTADORA MADURO S.A. Registered Agent 558472101708 PANAMA
INTER NATIONWIDE COMPUTER OF PANAMA
S.A. Resident Agent 97431378161 PANAMA
INTERNATIONAL MINERAL AND METAL
RESOURCES C Registered Agent
804376142804 PANAMA
INTERWOVEN TRADING S.A. Registered Agent PANAMA
INVERSIONES FERNANDEZ ESPINA HERMANOS
SA Registered Agent 524235110920 PANAMA
KOSOVAR INVESTMENT INC Registered Agent PANAMA
KRAFT INTERTRADE CORP. Registered Agent 164603432989
PANAMA
LATIN AMERICAN KRAFT INVESTMENTS
INC Registered Agent 84490288519 PANAMA
MADRISAR COMERCIAL INC Registered Agent 6414834356983 PANAMA
MORET SA/MORIS SHREM OBARRIO Registered Agent PANAMA
NORTHERN FOREST CORPORACION Registered Agent 87827790567 PANAMA
OLYMPIC SHIPPING AND MANAGEMENT
S.A. Registered Agent PANAMA
PHARR INTERNATIONAL OF EUROPE INC Registered Agent 1238937123182 PANAMA
ROMITA LAND DEVELOPMENT INC Registered Agent PANAMA
SCHLUMBERGER LOGELCO INC. Registered agent PANAMA
SCHLUMBERGER SEACO INC. Registered agent PANAMA
SCHLUMBERGER SURENCO SA Registered Agent PANAMA
SEDCO FOREX INTERNATIONAL INC. Registered Agent PANAMA
TWIN GARDEN S.A. Registered
Agent 11257061565603 PANAMA
BUSINESS
MAIN ACTIVITY .-
Subject does not operate in Panama.
It has been established with the purpose of
carrying out in the Republic of Panama or any other country, settlement or
foreign territory, activities related to purchase, sell, transfer, arrange,
negotiate, finance, exchange, own, manage, give or take money in loan, give or
take in commission, mortgage, pledge, lease, use, easement, or antichresis of
all kind of properties, either movable or immovable, stocks or rights, and make
and carry out all acts, agreements, operations, negotiations, and transactions
by virtue of law.
EMPLOYEES : Unknown
FACILITIES .-
Use : Offices of subject's Registered Agent
Remarks and other Premises .-
Although subject's registered office is on
the offices of its Registered Agent, it neither operates nor has offices in
Panama.
It should be made clear that the Registered
Agent is in charge of sending all correspondence to subject.
FINANCIAL INFORMATION
It should be mentioned that in the offices
of the Registered Agent Icaza, González-Ruiz
& Aleman, they refused to provide any
information on subject, as they were not
authorized to do it.
Therefore, several external consultation
sources were investigated, and it was found
information contained in this report.
Based on collected information, it may be
said that this is a company that is legally
registered in Panama with main offices in
Uruguay.
Subject is one of the many companies in
Panama, in similar situation, i.e. they are
incorporated to protect investments of its
actual shareholders, as well as take
advantage of tax freedom in that country.
Therefore, as there are not available any
balance sheets or references, we are not able
to give a more precise opinion.
FINANCIAL SITUATION : UNDETERMINED
This company's Financial Situation is
considered as Undetermined because it was not
found financial information to assess its
results.
Lack of information on credit experience
does not indicate its liquidity capacity.
INSURANCE .-
Unknown.
PAYMENTS RECORD
TRADE REFERENCES .-
COMMENTS .-
Subject does not operate in Panama;
therefore, it lacks experience in local credit
matters.
BANKING INFORMATION
BANKERS
Bank
BANCO SANTANDER URUGUAY
Consulted banks, credit entities and other
consulted sources, such as Panamanian Credit
Association, did not report any experience
in banking or similar credits under
subject's name.
Regarding Banco Santander Uruguay, it should
be mentioned that under the rigorous
Uruguayan banking system, it is not allowed to
provide information on banking movements
by companies that are established in the
said country.
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.48.52 |
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UK Pound |
1 |
Rs.72.62 |
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Euro |
1 |
Rs.63.76 |
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%)