MIRA INFORM REPORT
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Report Date : |
07.12.2011 |
IDENTIFICATION DETAILS
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Name : |
CINNABAR NETWORK ASSETS INC. |
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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 : |
Offshore Company |
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Line of Business : |
Subject is engaged in purchase, sell, transfer, dispose, negotiate,
finance, exchange, possess, manage, grant or request loans, give or take
commissions, mortgage, pledge lease, use, enjoyment, or antichresis any kind
of property whether they are real estate, chattels, shares or rights and to
enter into contracts, and carry out all actions, commercial operations and
transactions by virtue of Law |
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No. of Employees
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Not Available |
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 |
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 |
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 – September 30th, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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Panama |
b1 |
b1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
IDENTIFICATION
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CORRECT COMPANY NAME |
CINNABAR NETWORK
ASSETS INC. |
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TAXPAYER REGISTRATION |
RUC 1095733-1-558358 |
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MAIN ADDRESS |
Calle 53 Este Marbella, Edificio Salduba
Piso 3, Quantum Plaza |
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CITY / PROVINCE |
Panamá |
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DEPARTAMENT / STATE |
Panamá |
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COUNTRY |
PANAMA |
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TELEPHONE |
(507) 2692641 |
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FAX |
(507) 2638079 |
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COMMENTS |
Be advised both the above address and the telephone numbers belong to the offices of the Registered Agent.CINNABAR NETWORK ASSETS INC. is an Offshore Company, duly registered in the country but does not carry operations in Panama.The information contained in this report was collected from third-party sources. |
SUMMARY
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Date of foundation |
2007 |
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Capital stock |
US$10,000.= Dollars |
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permanent employees |
No specified |
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Chief Executive |
SALAZAR ZURITA, VERNON EMMANUEL |
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Disposition |
Report prepared through third-party
sources. |
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Payments policy |
Without rating (No payment experience
traced) |
LEGAL BACKGROUNDS
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LEGAL STATUS |
Offshore Company |
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DATE OF INCORPORATION |
05MAR2007 |
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PLACE OF REGISTRY |
Panama |
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NOTARY OFFICE |
4th
of the Circuit |
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DURATION |
Perpetual |
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REGISTRATION |
File
558358, Vol 2007, Entry 38038 (08/03/07) |
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INITIAL CAPITAL |
US$.10,000.=
Dollars |
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CURRENT PAID-IN CAPITAL |
US$10,000.=
Dollars |
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LAST CAPITAL INCREASE |
No
increase reported |
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CLASS OF SHARES |
Common |
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LISTED AT STOCK EXCHANGE |
No |
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SHARE VALUE |
US$100.= Dollars |
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CURRENT EXCHANGE RATE (US$) |
B/.1.00 per USD1.00 |
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COMMENTS |
The authorized share capital amounts to ten thousand dollars, divided into one hundred common shares, with a value equal to one hundred dollars each one, to the bearer or registered, changeable each other at shareholder’s decision. The President acts as Legal Representative or any other member designated by the Board of Directors.Found no information about the shareholders.There was not historical records concerning the starting of activities of the Company.No information was available either about the Parent Company and/or the related companies. |
DIRECTORS - EXECUTIVES –
SHAREHOLDERS
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WHO IS WHO?
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SALAZAR ZURITA,
VERNON EMMANUEL |
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SEX |
Male |
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ASSOCIATED AS PER OUR DATABASE TO |
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DE LEON MELA,
DELIO JOSE |
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SEX |
Male |
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ASSOCIATED AS PER OUR DATABASE TO |
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QUIJANO Y
ASOCIADOS |
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NATIONALITY |
Panamanian |
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DOMICILE |
Calle 53 Este Marbella, Edificio Salduba
Piso 3, Quantum Plaza , Panamá |
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TELEPHONE |
2692641 - 2692652 - 2692743 |
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BACKGROUND INFORMATION |
Law Firm established in Panama.P.O.Box 1: 7284 Zona 5P.O.Box 2: 0816-02884Fax: 2638079 |
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ASSOCIATED AS PER OUR DATABASE TO |
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BUSINESS HISTORY
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The Company was incorporated in compliance with Notarial Act 3207 dated March 5th, 2007.Julio Antonia Quijano Urrila and Julio Antonio Quijano Berbey signed the Articles of Incorporation. |
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BUSINESS
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Main activity |
Offshore CompanyIt has been created to carry out in Panama or in any other country, colony or foreign lands, business activities related to: purchase, sell, transfer, dispose, negotiate, finance, exchange, possess, manage, grant or request loans, give or take commissions, mortgage, pledge lease, use, enjoyment, or antichresis any kind of property whether they are real estate, chattels, shares or rights and to enter into contracts, and carry out all actions, commercial operations and transactions by virtue of Law. |
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Import |
No |
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Export |
No |
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EMPLOYEES |
No specified |
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FINANCIAL INFORMATION
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Interviewee(s) |
OUTSIDE SOURCES |
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Disposition |
Report prepared through third-party
sources. |
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Information provided |
This report has been prepared based on data collected from third-party sources and official records.Found no premises of the Company in the country. The above address belongs to the Registered Agent.According to a search made, no information was obtained regarding activities carried out by the Company in the country.At the offices of the Registered Agent, QUIJANO & ASOCIADOS, we tried to get information but results were not successful. It is important to comment that Registered Agents are not allowed to disclose information about their clients under strict confidentiality agreements. Discretion is advised in case of doing business with the Company. Since no historical records about its operations are available, international commercial activities can neither be determined nor guaranteed. |
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FINANCIAL SITUATION |
UNDETERMINEDFinancial situation of the Company is indeterminate since no accounting elements were available to assess its current results |
BANKING INFORMATION
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No bank accounts have been found in the
country. |
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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.51.39 |
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UK Pound |
1 |
Rs.80.20 |
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Euro |
1 |
Rs.68.92 |
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 |
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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NB |
New Business |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.