MIRA
INFORM REPORT
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Report Date : |
14.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
TRICON ENERGY INC. |
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Registered Office : |
Edificio Torre Swiss Bank, Piso 2, Calle 53 Este, Urb.Marbella |
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Country : |
Panama |
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Date of Incorporation : |
1996 |
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Legal Form : |
Joint-Stock Company |
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Line of Business : |
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 : |
Unknown |
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Litigation : |
Clear |
IDENTIFICATION
CORRECT COMPANY NAME : TRICON ENERGY INC.
MAIN ADDRESS : Edificio Torre
Swiss Bank, Piso 2, Calle 53 Este,
Urb.Marbella
CITY/PROVINCE/STATE : Panamá/Panamá
COUNTRY : PANAMA
TELEPHONE : (507)269.2620/264.3111
COMMENTS .-
Verified the address provided belongs to the
law firm ALEMAN, CORDERO, GALINDO & LEE,
Resident Agents of TRICON ENERGY INC., a
firm legally registered in Panama but with
operations abroad (the exact country was not
specified).
SUMMARY
Incorporation : 1996
Finantial Situation : UNDETERMINED
Employees : Se desconoce
Business Trend : Undetermined
LEGAL BACKGROUNDS
LEGAL STATUS : Joint-Stock Company
DATE OF INCORPORATION : 19JUN1996
REGISTERED IN : Panama
NOTARY OFFICE : Fifth of Circuit
DURATION : Indefinite
REGISTRATION : Registration Card 317245/ Deed 5305
INITIAL CAPITAL : US$10,000.= Dollars
SHARE VALUE : US$1.= Dollar
CURRENT EXCHANGE RATE : B/.1.00 per 1.00
US Dollar
COMMENTS .-
As founders of the company are listed: Andre
Maximino Sánchez and Marco Antonio Muñoz,
according to the partnership deed of the
Subject.
DIRECTORS / EXECUTIVES /
SHAREHOLDERS
FULL NAMES /
COMPANY NAME TITLE
TORRAS, IGNACIO President
FARRELL, RICHAD D. Vice
President/Treasurer
MCNEAR, JEFFREY Vice President/Secretary
ALEMAN, CORDERO, GALINDO & LEE Resident Agent
WHO IS WHO ?
ALEMAN, CORDERO,
GALINDO & LEE
NATIONALITY : Panamanian
HOME ADDRESS : Edificio Torre Swiss Bank, Piso 2, Calle 53 Este, Urb.Marbella TLF : 2692620
E - MAIL : alcogal@algocal.com
BACKGROUNDS .-
Law Firm.
Fax: 264.3133, PO BOX 6-1014 El Dorado
Other e-mail: maritania.ag@eurasiagroup.ch
Associated as per
our database to :
Company Title Tax. Reg. Country
ABACUS INTERNATIONAL SA Registered Agent 3394812629123 PANAMA
ABC COMPANY SA Registered Agent 78825-61-490498
PANAMA
ALCANCE GLOBAL S.A. 78714-31-490149 PANAMA
BRIDGET TRANSPORTATION SA Registered Agent 7659101483922 PANAMA
BROSTELLA S.A. Registered Agent PANAMA
C.I. ARAGON SA Registered Agent PANAMA
CENTRO DE AGENCIAS S.A. Resident Agent 27530860860 PANAMA
CORPORACION IMPA DOEL S.A. Registered Agent 196847222 PANAMA
EVERGREEN INTERNATIONAL SA Registered Agent PANAMA
INDUSTRIAS DE NATA S.A. Registered Agent 36756079787 PANAMA
JENDEL OVERSEAS SA Registered Agent PANAMA
LEVEX CORP. Registered Agent 9443301524447 PANAMA
MARITANIA: GROUP INTERNATIONAL
AKTIENGESELL Registered
Agent 5367358328579 PANAMA
MEDAK INTERNATIONAL S.A. Resident Agent PANAMA
NOVATRON ZONA LIBRE S.A. Registered Agent 16996-58-160442 PANAMA
PAPER FINANCE CORP SA Registered Agent 44431124295776 PANAMA
PRAESIMPEX SA Registered Agent PANAMA
PROMED OVERSEAS S.A. Registered Agent 99523-21-535048 PANAMA
SANTEX OVERSEAS S.A.
909939-1-516869 PANAMA
SHIPERA S.A. Registered Agent 8660821507999
PANAMA
STP TRADING LTD SA Registered Agent PANAMA
TALIMOS LTD. INC. Registered Agent 9205171519265
PANAMA
TOURION CORP. 2822811407584 PANAMA
WEB2YOO INC Registered Agent PANAMA
WIMMER OVERSEAS CORP Registered Agent 5222944333061 PANAMA
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.
EMPLOYEES : Unknown
FACILITIES .-
Use : Office of the law firm ALEMAN, CORDERO,
GALINDO & LEE.
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.
FINANCIAL INFORMATION
Be advised the investigation was conducted
in its totality through outside sources, because in the offices of the Resident
Agent they have refused to provide us any kina of information in regards to the
Subject, indicating it is their job to protect the identity of their clients
and not to reveal their true location.
FINANCIAL
SITUATION : UNDETERMINED
The financial situation of the Company is considered to be Indeterminate
because of lack of accounting elements to assess its results.
TRICON ENERGY, INC. is a company legally incorporated in Panama, but
which does not have operations nor offices in its name in the country. It is
one of the many companies created in Panama to take advantage of tax exemption
laws available in the territory for offshore enterprises that incorporate
there. The total investor's anonymity and business secrecy is granted by
Panamanian legislation.
As a private an offshore business there is
no financials published.
PROPERTIES OF THE
COMPANY .-
According to there is a mortgage on the company's assets up to the sum
of US$2,500,000.= in favour of MEESPIERSON N.V., as shown in the Reel 58665,
Frame 11 of the (Mercantile) Microfilms Section since 06.03.1998.
Besides mortgage on company's assets was granted in favour of BHF-BANK
AKTIENGESELLS- CHAFT, not exceeding the seven millions, according to Reel
58683, Frame 33 since 09.03.1998; there is another mortgage on the company's
assets in favour of RZB FINANCE LLC., not exceeding the sum of US$5,000,000.=,
according to Reel 58683, Frame 78 of the (Mercantile) Microfilms Section since
09.03.1998.
PAYMENTS RECORD
TRADE REFERENCES
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COMMENTS .-
The Subject does not operate in Panama,
reason why it lacks local trade credit
experience.
BANKING INFORMATION
BANKERS
Banks, credit institutions and other
consulted sources as the Panamanian Credit
Association do not report any type of credit
experience with this Company or banking
transactions of any kind
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%)