MIRA INFORM
REPORT
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Report Date : |
13.01.2011 |
IDENTIFICATION DETAILS
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Name : |
LUMBER WORLD COMPANY S.A. |
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Registered Office : |
Calle 54 Este, Edificio Arrango Orillac, 3er. Piso, Panamá |
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Country : |
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Date of Incorporation : |
13.03.2007 |
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Com. Reg. No.: |
Card 559458, Vol 2007, Entry 43116 (15/03/07) |
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Legal Form : |
Joint-Stock Company |
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Line of Business : |
Subject is an Offshore Company |
RATING & COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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Status : |
Offshore Company |
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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 – June 30, 2010
|
Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
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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 |
:
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LUMBER WORLD COMPANY S.A. |
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TRADE
NAME |
:
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N/A" |
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TAXPAYER
REGISTRATION |
:
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RUC 1099894-1-559458 |
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MAIN
ADDRESS |
:
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Calle 54 Este, Edificio
Arrango Orillac, 3er. Piso |
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CITY |
:
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Panamá |
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DEPARTMENT/STATE |
:
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Panamá |
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COUNTRY |
:
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PANAMA |
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TELEPHONE |
:
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2055888 |
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FAX |
:
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2639218 |
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WEB
SITE |
:
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N/A |
COMMENTS.-
Both the address and phone numbers written in the
report identification segment, belong to Subject Company's Resident Agent in
Panama.
According to the investigation, LUMBER WORLD
COMPANY S.A. would be an offshore company, registered in the country legally,
but not engaged in any business activities in Panama.
The information herein report was gathered from
third party sources and official of consultation, only sources available.
SUMMARY
INCORPORATION :
2007
LAST CAPITAL :
US$10,000.= Dollars
SALES :
0.00
BUSINESS TREND :
Undetermined
PAYMENTS :
No payment experience traced
CHIEF EXECUTIVE :
ROCHA MIGUEL, DENISE CRISTINA
Disposition :
Report prepared through third-party sources.
LEGAL
BACKGROUNDS
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LEGAL
ESTATUS |
:
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Joint-Stock Company |
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DATE
OF INCORPORATION |
:
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13MAR2007 |
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START
OF OPERATIONS |
:
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N/A |
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REGISTERED
IN |
:
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Panama |
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NOTARY
OFFICE |
:
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Eigth of Circuit |
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DURATION |
:
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Perpetual |
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REGISTRATION |
:
|
Card 559458, Vol 2007, Entry
43116 (15/03/07) |
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INITIAL
CAPITAL |
:
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N/A |
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CURRENT
PAID-IN CAPITAL |
:
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US$10,000.= Dollars |
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LAST
CAPITAL INCREASE |
:
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No capital increase
reported. |
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SHAREHOLDERS'
EQUITY |
:
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N/A |
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TYPE
OF SHARES |
:
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Registered. |
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LISTED
AT STOCK EXCHANGE |
:
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No |
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SHARE
VALUE |
:
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US$100.= Dollars. |
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CURRENT
EXCHANGE RATE |
:
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B/.1.= Balboa per 1.=
USADollar |
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MEMBERSHIP |
:
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N/A |
COMMENTS
.-
There is no published information concerning
Subject Company's shareholders.
Historical records are not kept regarding the start
of operations developed by the company under investigation in the country.
HiSTORY
Company was established on 13/03/2007, pursuant
Notarial Instrument 2480.
Representatives of the firms ENDERS INC. and
ROCKALL INC. , signed the articles of incorporation.
DIRECTORS
/ EXECUTIVES / SHAREHOLDERS
|
FULL
NAMES / COMPANY NAME |
TITLE |
|
ROCHA MIGUEL, DENISE
CRISTINA |
President |
|
DE ANDRADE, LUIS CARLOS |
Treasurer |
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DA ROCHA MIGUEL, ANDERSON GIOVANI |
Secretary |
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MOSSACK FONSECA & CO. |
Resident Agent |
WHO
IS WHO?
MOSSACK
FONSECA & CO.
NATIONALITY : Panamanian
HOME ADDRESS : Calle 54 Este, Edificio Arrango Orillac, 3er. piso, Panamá
TLF : 2055888
BACKGROUND INFORMATION .-
P.O.Box 0832-0886 World Trade Center, Panama.
Tel: +507 205-5888 / 206-9400
Fax: +507 263-9218
Contact: Mrs. Josette Roquebert
Email: mf@mossfon.com
Law Firm. Acts as resident agent of several
companies registered in Panama.
Mossack Fonseca is a leader in Corporate services,
and Trust and Assets, with 44 offices worldwide and experience in the field
since 1977.
Associated
as per our database to :
|
Company |
Position |
Tax.
Reg. |
Country |
|
ATTENTOWN INC. |
Registered Agent |
6537111460090 |
PANAMA |
|
COMMERCIAL & INDUSTRIAL
FINANCE CORPORATION S.A. |
Registered Agent |
14168-58-138000 |
PANAMA |
|
MAYTREE OVERSEAS S.A. |
Registered Agent |
51783-11-322296 |
PANAMA |
|
ENERGY INVESTMENTS S.A. |
Resident Agent |
12370-2-122993 |
PANAMA |
|
PANAMERICAN STONE &
TRADING LTD. INC. |
Registered Agent |
27090-27-227032 |
PANAMA |
|
MARONO HOLDING S.A. |
Registered Agent |
7093791470749 |
PANAMA |
|
ARMAND CORP. |
Registered Agent |
3867441422455 |
PANAMA |
|
NORTH OIL TRADING CORP |
Registered Agent |
91651-11-518356 |
PANAMA |
|
AGREGADOS Y CONCRETOS S.A. |
Registered Agent |
934269-1-522345 |
PANAMA |
|
DEMAR INVEST S.A. |
Registered Agent |
6737871463193 |
PANAMA |
|
FUNDACION VERFEMAR |
|
529969-1-9038 |
PANAMA |
|
INT FOOD SERVICES CORP. ( EX: JCS FOOD SERVICES CORPORATION ) |
Registered Agent |
64949-54-359617 |
PANAMA |
|
AEFG S.A. |
Registered Agent |
592029-1-450226 |
PANAMA |
|
LENTOR S.A. |
Registered Agent |
1096-317-22428 |
PANAMA |
|
BUGASTO MANAGEMENT CORP |
Registered Agent |
39379-117-275353 |
PANAMA |
|
SOLAR EQUITIES INC |
Registered Agent |
812806-1-498513 |
PANAMA |
|
EXIDE INTERNATIONAL S.A. |
|
66038-24-363070 |
PANAMA |
|
Y & M INTERNATIONAL
CORP. |
Registered Agent |
53367-45-327591 |
PANAMA |
|
MALIGNE TRADING LTD INC |
Registered Agent |
45261-86-299326 |
PANAMA |
|
AGP AMERICA S.A. |
Registered Agent |
611816-1-453205 |
PANAMA |
|
CONSTELLATION CRUISE
HOLDINGS S.A. |
Registered Agent |
30991180241313 |
PANAMA |
|
ASIA STONE CORPORATION |
Registered Agent |
83622-01-502672 |
PANAMA |
|
SPELDEN MANAGEMENT S.A. |
Registered Agent |
544217-1-442243 |
PANAMA |
|
ARLBRIDGE S.A. |
Registered Agent |
8919861512920 |
PANAMA |
|
HENNAR S.A. |
Registered Agent |
288971-1-408460 |
PANAMA |
|
MENVILLE PROPERTIES INC |
Registered Agent |
1840221392776 |
PANAMA |
|
TACTICA DE PANAMA S.A. |
Registered Agent |
|
GUATEMALA |
|
MAINE DEVELOPMENT S.A. |
Registered Agent |
27143-41-406138 |
PANAMA |
|
NORCO ENTERPRISE CORPORATION |
Registered Agent |
183181-1-392650 |
PANAMA |
|
FAR VINTNERS LIMITED S.A. |
Registered Agent |
8687951508618 |
PANAMA |
|
CHARTLEY CO. S.A. |
Registered Agent |
777643487137 |
PANAMA |
|
VENUS ASSOCIATES INC. |
|
462531370467 |
PANAMA |
|
GRADO SHIPPING INC. |
Registered Agent |
8458941504456 |
PANAMA |
|
LAKESIDE CONSULTANTS S.A. |
Registered Agent |
|
DOMINICAN REP. |
|
DAEDALUS OVERSEAS INC |
Registered agent |
37684-57-268480 |
PANAMA |
|
FISCHER MARKENSCHUH
INTERNATIONAL CORPORATION |
|
1087203-1-556030 |
PANAMA |
|
TRANSAMERICA ENT
TECHNOLOGIES S.A. |
Registered Agent |
663937-1-461633 |
PANAMA |
|
BRITEX DEVELOPMENT S.A. |
Registered Agent |
5263810325253 |
PANAMA |
|
TANFORD INVESTMENTS S.A. |
Registered Agent |
937536-1-523007 |
PANAMA |
|
PORSTON INC |
Registered Agent |
26873-138-226136 |
PANAMA |
|
DUNA ENTERPRISES S.A. |
Registered Agent |
63011-2-353761 |
PANAMA |
RELATED
COMPANIES TO SUBJECT COMPANY OR TO MAJORITY SHAREHOLDER
There is not information available on the parent
company and/or related firms:
BUSINESS
MAIN
ACTIVITY .-
Offshore Company.
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, giving 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.
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%
CASH SALES/METHOD |
:
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N/A |
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%
CREDIT SALES/TERMS |
:
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N/A |
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%
FOREIGN SALES (COUNTRIES) |
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N/A |
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%
DOMESTIC PURCHASES |
:
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N/A |
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%
FOREIGN PURCHASES |
:
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There is no published information
concerning Subject Company's shareholders.
Historical records are not kept regarding the start of operations
developed by the company under investigation in the country. |
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SELLING
TERRITORY |
:
|
N/A |
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EMPLOYEES |
:
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Subject does not maintain
employees in Panama |
LOCATION
.-
|
Premises |
:
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N/A |
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Monthly
Amount |
:
|
N/A |
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Time
Occupied |
:
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N/A |
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Area |
:
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N/A |
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Floors |
:
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N/A |
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Equipment |
:
|
N/A |
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Condition |
:
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N/A |
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Use |
:
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Registeed Office. |
Remarks and other Premises .-
The caption address belongs to the legal residence
registered by Subject only for incorporation purposes in the country. We clarify
that Subject has no operating office in the country. The above addres is the
offices of its Resident Agent in Panama.
FINANCIAL
INFORMATION
|
Interviewee(s) |
:
|
N/A |
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Position(s) |
:
|
N/A |
|
Cooperation |
:
|
Report prepared through
third-party sources. |
|
Information
Provided |
:
|
As investigated, LUMBER WORLD COMPANY S.A. would
be an offshore company, a type of company on
which access to information by independent sources is rather
limited. The address of Calle 54 Este,
Edificio Arango Orillac, 3rd. Floor, belongs to the offices of the law firm
Mossack Fonseca & Co., who acts in the country as its resident agent; we
communicated with this firm but as usual with these organizations, they have
refused to assist us with any kind of information regarding their client, in
keeping with internal policies and under strict confidentiality agreements
with their client. Finally, we should
indicate that LUMBER WORLD COMPANY S.A.,
is a legally established company like many others in Panama, but which
does not do business in its name in the country. Such companies are created
primarily to take advantage of tax benefits granted by the country, which
does not impose taxes on the activities of registered companies in the
country but which business activities take place outside the territory of
Panama, in this way being tax-exempt allows a geater profitability to their
real investors abroad The search
conducted in different sources did not reveal any information of the parent
company and the market in which its operations are oriented to. |
FINANCIAL
SITUATION : Active
We consider the Financial Status of tis company as
Undetermined because of lack of financial elements to examine its results
PAYMENTS
RECORD
CREDIT HISTORY .-
Research in local market did not reveal any history
of commercial loans or financing granted to the company under investigation,
thus it is not possible to determine its payments behaviour.
LAWSUITS .-
There are not reports of any
delinquency, accounts disabled, lawsuits, meeting of creditors because of
insolvency or bankruptcy.
BANKING INFORMATION
There is no record of bank accounts opened by this company in the country.
CREDIT
OPINION
We cannot recommend this Company for a credit line.
Thus, we would suggest to deal with them only with adequate guarantees.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.16 |
|
|
1 |
Rs.70.64 |
|
Euro |
1 |
Rs.58.68 |
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 |
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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.