MIRA INFORM
REPORT
|
Report Date : |
03.08.2011 |
IDENTIFICATION DETAILS
|
Name : |
CINNABAR NETWORK ASSETS INC. |
|
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|
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Registered Office : |
Calle 53 Este Marbella, Edificio Salduba Piso 3,
Quantum Plaza |
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Country : |
Panama |
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Date of Incorporation : |
05.03.2007 |
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Com. Reg. No.: |
File 558358, Vol 2007, Entry 38038 (08/03/07) |
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Legal Form : |
Not Available |
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Line of Business : |
Offshore Company |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
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|
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Payment
Behaviour : |
Unknown |
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Litigation : |
--- |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
Panama |
b1 |
b1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
IDENTIFICATION
|
CORRECT
COMPANY NAME |
:
|
CINNABAR NETWORK ASSETS INC. |
|
TRADE
NAME |
:
|
N/A" |
|
TAXPAYER
REGISTRATION |
:
|
RUC 1095733-1-558358 |
|
MAIN
ADDRESS |
:
|
Calle 53 Este Marbella,
Edificio Salduba Piso 3, Quantum Plaza |
|
POSTAL
CODE |
:
|
N/A |
|
CITY |
:
|
Panamá |
|
DEPARTMENT/STATE |
:
|
Panamá |
|
COUNTRY |
:
|
PANAMA |
|
TELEPHONE |
:
|
2692641 - 2692652 - 2692743 |
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FAX |
:
|
2638079 |
|
WEB
SITE |
:
|
N/A |
COMMENTS
.-
Both, the address as well as the telephone numbers
placed in the heading, belong to Subject's Registered Agent.
Subject is an Off-Shore firm, incorporated under the
Panamanian laws, but being able to carry out its activities abroad.
We include information gathered through third-party
sources.
SUMMARY
FOUNDATION :
2007
LAST CAPITAL :
US$10,000.= Dollars
SALES :
0.00
PAYMENTS :
Without rating (No payment experience traced)
CHIEF EXECUTIVE :
SALAZAR ZURITA, VERNON EMMANUEL
DISPOSITION :
Report prepared through third-party sources.
LEGAL
BACKGROUNDS
|
LEGAL
ESTATUS |
:
|
N/A |
|
DATE
OF INCORPORATION |
:
|
05MAR2007 |
|
START
OF OPERATIONS |
:
|
N/A |
|
REGISTERED
IN |
:
|
Panama |
|
NOTARY
OFFICE |
:
|
4, Cuarta del Circuito. |
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DURATION |
:
|
Perpetual |
|
REGISTRATION |
:
|
File 558358, Vol 2007, Entry
38038 (08/03/07) |
|
INITIAL
CAPITAL |
:
|
US$10,000.= Dollars |
|
CURRENT
PAID-IN CAPITAL |
:
|
US$10,000.= Dollars |
|
LAST
CAPITAL INCREASE |
:
|
No investment were
registered |
|
SHAREHOLDERS'
EQUITY |
:
|
N/A |
|
TYPE
OF SHARES |
:
|
N/A |
|
LISTED AT STOCK EXCHANGE |
:
|
No |
|
SHARE
VALUE |
:
|
N/A |
|
CURRENT
EXCHANGE RATE |
:
|
B/.1.= Balboa per 1 USD |
|
MEMBERSHIP |
:
|
N/A |
COMMENTS
.-
The authorized share capital amounts to ten
thousand dollars, divided into one hundred ordinary shares, with a value equal
to one hundred dollars each one, to the bearer or to the order of, changeable
ones for others to the shareholder’s decision.
The Company’s legal representation is in charge
of the Chairman or any other members named by the Board of Directors.
Information related to the Subject’s shareholders
was not found.
Information regarding its Headquarters and/or
related firms was not available.
DIRECTORS
/ EXECUTIVES / SHAREHOLDERS
|
FULL
NAMES / COMPANY NAME |
TITLE |
|
SALAZAR ZURITA, VERNON
EMMANUEL |
President |
|
TOVAR DE LEON, LILIA JUDITH |
Vice President |
|
DE LEON MELA, DELIO JOSE |
|
|
QUIJANO Y ASOCIADOS |
|
WHO
IS WHO?
DE
LEON MELA, DELIO JOSE
BACKGROUND INFORMATION .-
Law Firm established in Panama.
P.O.Box 1: 7284 Zona 5
P.O.Box 2: 0816-02884
Fax: 2638079
Associated
as per our database to :
|
Company |
Position |
Tax.
Reg. |
Country |
|
PRODUCTOS INDUSTRIAL S.A. |
|
|
PANAMA |
|
AGATE ENTERPRISES INC. |
Vice President/Treasu. |
59500-81-344497 |
PANAMA |
|
AIR TOPOGRAPH COMPANY LTD
CORP |
President |
2490151402867 |
PANAMA |
|
CONSOLIDATED NAVIGATION
CORPORATION |
Vice President |
1028189111496 |
PANAMA |
|
FITNESS MARKET S.A. |
V/P/Director/Treasurer |
896224-1-5406 |
PANAMA |
|
NAVIERA GALLEGA S.A. |
Vice President |
2718731406199 |
PANAMA |
|
DENIMTEX CORPORATION |
Vicepdte/Treas/AssSecret |
6839911465011 |
PANAMA |
|
REPRESENTACIONES DE
PRODUCTOS INDUSTRIALES S.A. |
Vice President/Treasurer |
1133629-1-567780 |
PANAMA |
|
CHEMIN LITTERAIRE S.A. |
Treasurer |
2166991397842 |
PANAMA |
|
GLOBAL CHEM TRADE CORP |
Vice President/Director |
92014-81-519139 |
PANAMA |
|
NEW EMPIRE CORP |
Vice President/Treasurer |
20594181186367 |
PANAMA |
|
SINERGIT PANAMA S.A. |
V/P-Treasurer-Under Secre |
7432041478275 |
PANAMA |
|
WOODMAN ASSOCIATES INC. |
Treasurer |
566836-1-445738 |
PANAMA |
|
MASACO COMMERCIAL INC. |
V/P-Asst.Secretary/Treas. |
|
COSTA RICA |
QUIJANO
Y ASOCIADOS
HOME ADDRESS : Calle 53 Este Marbella, Edificio Salduba Piso 3, Quantum Plaza ,
Panamá
TLF : 2692641/2692652/2692743
BACKGROUND INFORMATION .-
Law Firm established in Panama.
P.O.Box 1: 7284 Zona 5
P.O.Box 2: 0816-02884
Fax: 2638079
Associated
as per our database to :
|
Company |
Position |
Tax.
Reg. |
Country |
|
JURANIA HOLDING INC. |
|
|
PANAMA |
|
BEVICCI INC. |
Registered Agent |
76123-01-482598 |
PANAMA |
|
GLOBAL CHEM TRADE CORP |
Registered Agent |
92014-81-519139 |
PANAMA |
|
AGAVE PROMOTIONS CORP. |
Registered Agent |
19482-54-177692 |
PANAMA |
|
DENIMTEX CORPORATION |
Registered Agent |
6839911465011 |
PANAMA |
|
KIRGAN HOLDING S.A. |
Registered Agent |
36913-9-265386 |
PANAMA |
|
REPRESENTACIONES DE
PRODUCTOS INDUSTRIALES S.A. |
Registered Agent |
1133629-1-567780 |
PANAMA |
|
GENIAL SHIPPING S.A. |
Registered Agent |
4788761435395 |
PANAMA |
|
NAVIERA GALLEGA S.A. |
Registered Agent |
2718731406199 |
PANAMA |
|
GRUPO STG DE CENTRO AMERICA
INC |
Registered Agent |
8580001506603 |
PANAMA |
|
MASACO COMMERCIAL INC. |
Registered Agent |
|
COSTA RICA |
|
PROPERTY FINANCE AND BROKERS
INC |
Registered Agent |
23457-126-208198 |
PANAMA |
|
SABAN S.A. |
Registered Agent |
69739115751 |
PANAMA |
|
SUNRISE PETROLEUM CORP. |
Registered Agent |
1983-62-37144 |
PANAMA |
|
BALNIF MANAGEMENT INC. |
Registered Agent |
55314-84-333275 |
PANAMA |
|
FOSTAL TRADERS INC |
Registered Agent |
16752-119-158385 |
PANAMA |
|
WOODMAN ASSOCIATES INC. |
Registered Agent |
566836-1-445738 |
PANAMA |
|
GREENVIEW INTERNATIONAL
CORPORACION |
Registered Agent |
4323429290959 |
PANAMA |
|
ES-KO INTERNATIONAL INC. |
Registered Agent |
659-428-14672 |
PANAMA |
|
AIR TOPOGRAPH COMPANY LTD
CORP |
Registered Agent |
2490151402867 |
PANAMA |
|
KEENE INVESTMENT CORP |
Registered Agent |
11845148118227 |
PANAMA |
|
CONSOLIDATED NAVIGATION
CORPORATION |
Registered Agent |
1028189111496 |
PANAMA |
|
AGATE ENTERPRISES INC. |
Registered Agent |
59500-81-344497 |
PANAMA |
|
SIDERCHEM CORPORATION |
Registered Agent |
10959-187-111280 |
PANAMA |
|
CHEMIN LITTERAIRE S.A. |
Registered Agent |
2166991397842 |
PANAMA |
|
MONACO PROPERTIES S.A. |
Registered Agent |
16249-18-154835 |
PANAMA |
|
SITC YANTAI SHIPPING
ENTERPRISES INC |
Registered Agent |
704761-1-469607 |
PANAMA |
|
LOBLEY ASSETS INC |
Registered Agent |
14285-52-138975 |
PANAMA |
|
SITC BUSAN SHIPPING
ENTERPRISES INC |
Registered Agent |
704749-1-469601 |
PANAMA |
|
NEW EMPIRE CORP |
Registered Agent |
20594181186367 |
PANAMA |
|
RENTANDES PANAMA S.A. |
Registered Agent |
14406781635909 |
PANAMA |
|
NORTON EQUITIES S.A. |
Registered Agent |
9249191520246 |
PANAMA |
BUSINESS
HISTORY
The Company was incorporated under Deed 3207 dated
March 05th, 2007.
The Subject’s founders were JULIO ANTONIA QUIJANO
URRILA and JULIO ANTONIO QUIJANO BERBEY.
BUSINESS
MAIN
ACTIVITY .-
Offshore Company
The Company was incorporated to operate in the
Republic of Panama or any other country, colony or overseas territory to
purchase, sell, transfer, lay down, negotiate, finance, exchange, hold, manage,
borrow or loan money as commission, mortgage, pledge, rent, use, profit or
antichresis, all kind of goods, whether real properties or not, shares or
rights and enter into and execute all legal acts such as contracts, business
operations and legal trade activities.
|
%
CASH SALES/METHOD |
:
|
N/A |
|
%
CREDIT SALES/TERMS |
:
|
N/A |
|
% FOREIGN SALES (COUNTRIES) |
:
|
N/A |
|
% DOMESTIC PURCHASES |
:
|
N/A |
|
% FOREIGN PURCHASES |
:
|
The authorized share capital
amounts to ten thousand dollars, divided into one hundred ordinary shares, with
a value equal to one hundred dollars each one, to the bearer or to the order
of, changeable ones for others to the shareholder’s decision. The Company’s legal representation is in
charge of the Chairman or any other members named by the Board of
Directors. Information related to the
Subject’s shareholders was not found. Information regarding its
Headquarters and/or related firms was not available. |
|
SELLING
TERRITORY |
:
|
N/A |
|
EMPLOYEES |
:
|
N/A |
LOCATION
.-
|
Premises |
:
|
N/A |
|
Monthly
Amount |
:
|
N/A |
|
Time
Occupied |
:
|
N/A |
|
Area |
:
|
N/A |
|
Floors |
:
|
N/A |
Remarks and other Premises .-
The above-mentioned address belongs to the registered
domicile stated by the Corporation when it was incorporated in the country. At
practice, in that place operates offices of the Subject’s Registered Agent
QUIJANO & ASOCIADOS which is in charge of courier service.
FINANCIAL
INFORMATION
|
Interviewee(s) |
:
|
TERCERAS FUENTES |
|
Position(s) |
:
|
N/A |
|
Cooperation |
:
|
Report prepared through third-party
sources. |
|
Information
Provided |
:
|
Based on the investigation,
the Subject is an Offshore Company, whose information access through third
sources is quite reduced. The address
Calle 53 Este Marbella, Edificio Salduba Piso 3, Quantum Plaza, Panama;
belongs to QUIJANO & ASOCIADOS Studio’s offices, which performs in the
country as Registered Agent; we started our investigation in the firm but as
usual policies of these kind of entities, they refused to provide any kind of
information base on internal policies and in accordance with confidentiality
agreements entered into with its clients.
Regarding gathered information, CINNABAR NETWORK ASSETS INC. is a
company legally incorporated in Panama, but it doesn’t have facilities,
offices (or Business) under its name in Panama. These kinds of Companies are
created in Panama in order to take advantage of Panamanian tax system, which
doesn’t tax activities carried out on abroad. Based on our investigation, no information
related to the parent company as well as the market to which the Subject’s
operations are assigned was found. |
FINANCIAL
SITUATION : UNDETERMINED
The Subject’s Financial Situation is considered as
Undetermined due to it doesn't have enough financial elements to analyze its
results.
PAYMENTS
RECORD
CREDIT HISTORY .-
No negative background related to credit and
financial under the Subject’s name was found in local media, so its payment
performance cannot be assessed.
No background of trade performed in the country was
reported under the Subject’s name.
BANKING INFORMATION
No information related to the local accounts opened by the Subject was found.
CREDIT
OPINION
Requested
Credit : MAXIMUM
A credit opinion can not be given due to the lack
of financials and payment experience.
NOTE: The Opinion given is confidential referential
and with out liability
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.23 |
|
UK Pound |
1 |
Rs.72.09 |
|
Euro |
1 |
Rs.62.99 |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
---- |
NB |
New Business |
---- |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.