MIRA
INFORM REPORT
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Report Date : |
21.05.2008 |
IDENTIFICATION
DETAILS
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Name : |
PANAMERICAN EXIM INC. |
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Registered Office : |
Vía Ricardo J. Alfaro, Bethania |
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Country : |
Panama |
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Date of Incorporation : |
24.11.2003 |
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Legal Form : |
Joint-Stock Company |
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Line of Business : |
Commercialization of Wood. |
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 : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
IDENTIFICATION
CORRECT COMPANY NAME : PANAMERICAN EXIM INC.
TAXPAYER REGISTRATION : RUC 5562571444245 OPERATING STATUS: Active
MAIN ADDRESS : Vía Ricardo J.
Alfaro, Bethania
CITY/PROVINCE/STATE : Panamá
COUNTRY :
PANAMA
TELEPHONE : (507)236.6900
FAX : (507)236.6910
E - MAIL : panamexim@pa.inter.net
SUMMARY
Incorporation : 2003 Operating Status : Active
Last Capital : B/.100,000.=
Balboas
Finantial Situation : UNDETERMINED
Business Trend : Undetermined
LEGAL BACKGROUNDS
LEGAL STATUS : Joint-Stock
Company
DATE OF INCORPORATION : 24NOV2003
REGISTERED IN : Panama
NOTARY OFFICE : 12th. of Panama
DURATION : Perpetual
REGISTRATION : Card 444245, Document 556257 (28.11.2003)
CURRENT PAID-IN CAPITAL : B/.100,000.=
Balboas
TYPE OF SHARES : Nominatives (100 shares)
LISTED AT STOCK EXCHANGE: No
SHARE VALUE : B/.1,000.= Balboas
CURRENT EXCHANGE RATE : B/.1.00 per USD
1.00
COMMENTS .-
According to Subject Bylaws, the President
or Secretary acts as Legal Representative and in their temporary or definitive
absences, a person designated by the Shareholders Meeting shall assume those
responsibilities.
HISTORY
Company was formed in accordance with Notarial Act 11127.
Vinod Jethani and Narendra Ramchand Agicha signed the Articles of
Incorporation.
DIRECTORS / EXECUTIVES /
SHAREHOLDERS
FULL NAMES / COMPANY NAME TITLE OWNERSHIP %
RAMCHAND SADHURAM AGICHA President Yes
NARENDRA RAMCHAND AGICHA Executive
Director Yes
DIVYA NARENDRA AGICHA Treasurer/Director Yes
PADILLA MARTINEZ, GUSTAVO Resident
Agent
WHO IS WHO ?
RAMCHAND SADHURAM AGICHA
NATIONALITY : Indian
NARENDRA RAMCHAND AGICHA
NATIONALITY : Indian
DIVYA NARENDRA AGICHA
NATIONALITY : Indian
PADILLA MARTINEZ, GUSTAVO
Associated as per our database to :
Company Title Country
CONSTRUCTORA DIOVAN SA Registered agent PANAMA
BUSINESS
MAIN ACTIVITY .-
Commercialization of wood.
FACILITIES .-
Condition : Visibly in good
condition.
Use : Head Offices.
Remarks and other Premises .-
No branches reported.
FINANCIAL INFORMATION
The Secretary of the Company with whom we
spoke (Did not reveal her name) instructed us to submit an introduction letter
attached to our information request, which we did according to her
instructions, but we still do not get any reply from the company. Therefore,
all of the information obtained for this report has been gathered through
outside sources.
FINANCIAL SITUATION : UNDETERMINED
The financial situation of the company is
considered Undetermined because of lack of elements to assess its results.
PANAMERICAN EXIM INC. is a company
established since year 2003 , but with which it seems advisable to do business
against adequate guarantees , until they prove their credit worthiness, given
litte transparency of their activities.
PAYMENTS RECORD
TRADE REFERENCES .-
COMMENTS .-
Checke with possible local suppliers but they do not have of subject as
a client on credit basis.
BANKING INFORMATION
BANKERS
Under the Bank Secrecy Act, banks in Panama are not allowed to disclose
information relative to their clients.
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%)