MIRA
INFORM REPORT
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Report Date : |
04.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
CASA OSAKA INTERNACIONAL S.A. |
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Registered Office : |
Calle 15 Av.
Roosevelt, Zona Libre de Colón/Colón, Apartado 0302-00527 |
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Country : |
Panama |
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Date of Incorporation : |
22.04.1977 |
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Legal Form : |
Joint-Stock
Company |
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Line of Business : |
Import and export
of textile products (tablecloth, sheets and bedspreads, towels and kitchen
accessories). |
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 |
IDENTIFICATION
CORRECT COMPANY NAME : CASA OSAKA INTERNACIONAL S.A.
TRADE NAME : "CASA OSAKA INTERNACIONAL S.A."
TAXPAYER REGISTRATION : RUC 5513012334
OPERATING STATUS : Active
MAIN ADDRESS : Calle 15 Av. Roosevelt
CITY/PROVINCE/STATE : Zona Libre de Colón/Colón, Apartado 0302-00527
COUNTRY : PANAMA
TELEPHONE : (507)441.3641
FAX : (507)441.4766
E - MAIL : leow@casaosaka.com
COMMENTS .-
Other e-mail : victor@casaosaka.com
SUMMARY
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Incorporation :
1977
Operating Status : Active
Last Capital : US$970,000.= Dólares
Financial Situation : UNDETERMINED
Employees : 43
CR-Rating : Satisfactory
Payments : P7 Little credit experience
available
Business Trend : Undetermined
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QUALIFICATION
RATING : Satisfactory
PAYMENTS : Little credit experience available
LEGAL BACKGROUNDS
LEGAL STATUS : Joint-Stock Company
DATE OF INCORPORATION : 22APR1977
REGISTERED IN : City of Panama
NOTARY OFFICE : Fourth of Panama
DURATION : Perpetual
REGISTRATION : Card 12334, Volume 127, Entry 5465
INITIAL CAPITAL : B/.500,000.= Balboas
CURRENT PAID-IN CAPITAL :
US$970,000.= Dollars
LISTED AT STOCK EXCHANGE :
No
CURRENT EXCHANGE RATE : B/.1.= per USD1
COMMENTS .-
Shareholders
structure was not specified.
DIRECTORS / EXECUTIVES /
SHAREHOLDERS
FULL NAMES / COMPANY NAME TITLE
COHEN MUGRABI,
VICTOR DAVID
President
COHEN MUGRABI, DANNI
DAVID Vice
President
COHEN MUGRABI, LEO
DAVID Treasurer
DE WATEMBERG,
MARCELA C. Member
WATEMBERG, LEO
Member/General Manager
WHO IS WHO ?
COHEN MUGRABI, VICTOR DAVID
NATIONALITY : Panamanian
BORN : 18OCT1971
DOC. OF IDENT. : CI 3-108-425
COHEN MUGRABI, DANNI DAVID
NATIONALITY : Panamanian
BORN : 26FEB1973
DOC. OF IDENT. : CI 3-100-680
Associated as per our database to :
Company Title Tax. Reg. Country
OFFICE EXPRESS
SA Secretary 50526176318568 PANAMA
COHEN MUGRABI, LEO DAVID
NATIONALITY : Panamanian
BORN : 14JUN1968
DOC. OF IDENT. : CI 3-99-847
DE WATEMBERG, MARCELA C.
NATIONALITY : Panamanian
BORN : 18OCT1971
DOC. OF IDENT. : 3-108-426
WATEMBERG, LEO
NATIONALITY : Colombian BORN : 13OCT1956
DOC. OF IDENT. : E-8-83946
RELATED COMPANY(IES)
Subject is related
to the following firms:
COMPANY NAME COUNTRY RELATION
CASA OSAKA MULTIPLAZA
SA PANAMA Related
CASA OSAKA PANAMA
SA PANAMA Related
CASA OSAKA SA PANAMA Related
BUSINESS
MAIN ACTIVITY .-
Import and export of
textile products (tablecloth, sheets and bedspreads, towels and kitchen
accessories).
Trademarks:
"BREVILE", "CASSERINA".
IMPORT : Yes Spain, USA, India, China and Australia
EXPORT : Yes Colombia, Venezuela, Ecuador and Central
America
% CASH SALES/METHOD : Yes
% CREDIT SALES/TERMS : Yes
SELLING TERRITORY : Domestic and international markets
EMPLOYEES : 43
FACILITIES .-
Premises : Rented
Use : Headquarters, commercial offices, warehouses
Remarks and other
Premises .-
No other facilities
were found.
FINANCIAL INFORMATION
We contacted to
Aracelma Ariano (Accounting Secretary) who agreed to reveal general
information, except for the financial statements due to their strictly
confidencial nature.
It is worth
mentioning that in Panama you could only get financial information from public
companies. Contrarily, private companies are not required to publish its
financials, being able to do it voluntarily.
FINANCIAL
SITUATION : UNDETERMINED
Financial standing
is deemed to be indeterminate as no updated accounting elements were available
to assess Subject results.
No adverse
backgrounds have been reported during the time Subject has been operating.
PROPERTIES OF
THE COMPANY .-
They include:
Building
Warehouses
Trucks (2)
Buses (2)
INSURANCE .-
Company Against Amount Validity _
UNISEGUROS, ASEG.
NACIONAL UNIDA S.A. No specified
No specified Unknown
PAYMENTS RECORD
TRADE
REFERENCES .-
Line of
Credit_ Monthly
Average _ Terms(days)) Performance?
Time _ Products/Services Supplier
1 US$
6-8,000.= CAD No experience
2002 Customs services Domestic
2 US$ 1,300 US$ 500.= Check/60 day Prompt +5 years Office supplies Domestic
COMMENTS .-
Due to the nature of
Subject's activities, most of its purchases are made abroad.
LIST OF DOMESTIC SUPPLIERS
Suppliers listed
Alphabetically. There is not
relationship as for the order above
Supplier
Telephone _
Fursys (507)
2637131
OD. Panamá (507)
2710071
Qingdao Tinda
Clothes
Tak Fat
Yukkinxiang
Kantong
LAWSUITS ? .-
No legal actions
have been filed against Subject.
BANKING INFORMATION
BANKERS
Bank Contact Telephone
CAPITAL BANK Juan Carlos Aizpuria (507) 2097000
GLOBAL BANK Osvaldo Borrel (507)
4330804
BANCO GENERAL José Manuel Grimaldo (507) 4311130
Subject holds
accounts in said entities. No more details were given in this regard due to the
Bank Secrecy Act.
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%)