MIRA INFORM REPORT

 

 

Report Date :           

25.06.2011

 

IDENTIFICATION DETAILS

 

Name :

GEISEL COMPANIA MARITIMA S.A.

 

 

Registered Office :

Edificio Capital Plaza, Piso 15, Paseo Roberto Motta, Costa del Este

 

 

Country :

Panama

 

 

Date of Incorporation :

05.05.1975

 

 

Com. Reg. No.:

Volume 1133, Page 144, Entry 125488 (14/04/75)

 

 

Legal Form :

Joint Stock Company

 

 

Line of Business :

Offshore Company

 

RATING & COMMENTS

 

MIRA’s Rating :

C

 

RATING

STATUS

PROPOSED CREDIT LINE

<10

C

Absolute credit risk exists. Caution needed to be exercised

Credit not recommended

 

Status :

Undetermined

 

 

Payment Behaviour :

---

 

 

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

 

 Bottom of Form

 

IDENTIFICATION                                                                                                                                 

 

CORRECT COMPANY NAME

:

GEISEL COMPANIA MARITIMA S.A.

TRADE NAME

:

N/A"

TAXPAYER REGISTRATION

:

RUC 20937-19-188756

MAIN ADDRESS

:

Edificio Capital Plaza, Piso 15, Paseo Roberto Motta, Costa del Este

CITY

:

Panamá

DEPARTMENT/STATE

:

Panamá

COUNTRY

:

PANAMA

TELEPHONE

:

3065000

FAX

:

3065005

WEB SITE

:

N/A

 

COMMENTS .-

The address: Av. Justo Arosemena y Calle 31 # 3-80, Panamá, Po Box 7412 is the previous address of subject's Registered Agent.

 

Both address and phone numbers given are of subject's Registered Agent.

 

Based on investigation, subject would be an offshore company that is legally registered in Panama, but it does not carry out any business activity in Panama.

 

Information contained in this report was collected from third-party sources and official.

 

 

SUMMARY

 

FOUNDATION               : 1975

LAST CAPITAL : US$10,000.= Dollars

SALES                         : 0.00

PAYMENTS                  :  Without rating (No payment experience traced)

CHIEF EXECUTIVE        : ABE, TETSURO

DISPOSITION               : Report prepared through third-party sources.

RATING (*)                    : NN Indeterminate / Information is insufficient.

 

 

LEGAL BACKGROUNDS                                                                                                                                 

 

LEGAL ESTATUS

:

Joint-Stock Company

DATE OF INCORPORATION

:

05MAY1975

START OF OPERATIONS

:

N/A

REGISTERED IN

:

Panama

NOTARY OFFICE

:

Quinta del Circuito.

DURATION

:

Perpetual

REGISTRATION

:

Volume 1133, Page 144, Entry 125488 (14/04/75)

INITIAL CAPITAL

:

N/A

CURRENT PAID-IN CAPITAL

:

US$10,000.= Dollars

LAST CAPITAL INCREASE

:

N/A

SHAREHOLDERS' EQUITY

:

N/A

TYPE OF SHARES

:

Registered

LISTED AT STOCK EXCHANGE

:

No

SHARE VALUE

:

US$100.= Dollars

CURRENT EXCHANGE RATE

:

B/.1.= Balboa per US$1.= Dollar

MEMBERSHIP

:

N/A

 

COMMENTS .-

It was not obtained any information on subject's shareholders.

 

It was not also obtained any historical records on subject's operations in Panama.

 

It was not obtained any information on subject's parent company or its related companies.

 

It seems like subject is linked to the Japanese company Maruta Industries Company LTD.

 

 

DIRECTORS / EXECUTIVES / SHAREHOLDERS                                                                                                                                 

 

FULL NAMES / COMPANY NAME

TITLE

ABE, TETSURO

President

ABE, YOKO

Treasurer

ABE, SHOZO

Secretary

TAPIA, LINARES Y ALFARO

Registered Agent

 

 

WHO IS WHO?                                                                                                                                 

 

TAPIA, LINARES Y ALFARO

NATIONALITY                           : Panamanian

HOME ADDRESS                      : Edificio Capital Plaza, Piso 15, Paseo Roberto Motta, Costa del Este, Panamá

TLF                                          : 3065000

 

BACKGROUND INFORMATION .-

This is a Law Firm.

Mailin Address: Apartado 0816-02984 Panamá, República de Panamá

Telephone: (507) 3065000  Telefax: (507) 3065005

E-mail: talial@talial.com

 

Previous address: Av. Justo Arosemena y Calle 31 # 3-80, Panamá.

 

TAPIA, LINARES & ALFARO, also known as TALIAL, was incorporated in 1949 by FELIPE S. TAPIA C., who in the first days of his career participated in the organization of the General Directorate of Consular and Ships. In 1958, Dr. Julio E. Linares G. joined the company after finishing his postgraduate studies in Spain and Italy. Dr. Linares, a well-known politician and lawyer, was a professor in Public International Law and Procedural Law at the University of Panama. He has also held important public positions, such as a Member of the National Assembly (1960-1964), Minister of the Treasury (1963-1964), and Minister of Foreign Affairs (1989-1993).

 

TALIAL new offices are located on a modern building on Capital Plaza, piso 15, avenida Paseo Roberto Motta, Costa del Este, which is an area of increasing growth in Panama, at few minutes from the city and the international airport of Tocumen. Its staff consists of more than 30 persons, including high trained secretaries and various assistants who help lawyers in the everyday work.

Associated as per our database to :

Company

Position

Tax. Reg.

Country

OCEANGAZ INTERNATIONAL PANAMA S.A.

Registered Agent

21658-9-194247

PANAMA

COMPAÑIA SUD AMERICANA DE VAPORES S.A.

Resident Agent

8949-24-294

PANAMA

 

 

BUSINESS HISTORY                                                                                                                                  

 

Subject was incorporated by Notarial Act No.2565, dated 05/05/1975.

Subject's articles of incorporation were signed by Felipe Santiago Tapia and Castillo Ernesto Linares.

 

 

BUSINESS                                                                                                                                 

 

MAIN ACTIVITY .-

Subject is an offshore company.

It has been established for the purpose of carrying out in the Republic of Panama or any other coutnry, settlement or foreign territory, activities related to purchase, sell, transfer, arrange, negotiate, finance, exchange, own, manage, give or take money in loan, give or take in commission, mortgage, pledge, lease, use, easement or antichresis of all kind of properties, either movable or immovable, stocks or rights, and make and carry out all acts, agreements, operations, negotiations, and transactions by virtue of law.

% CASH SALES/METHOD

:

N/A

% CREDIT SALES/TERMS

:

N/A

% FOREIGN SALES (COUNTRIES)

:

N/A

% DOMESTIC PURCHASES

:

N/A

% FOREIGN PURCHASES

:

It was not obtained any information on subject's shareholders.  It was not also obtained any historical records on subject's operations in Panama.  It was not obtained any information on subject's parent company or its related companies.  It seems like subject is linked to the Japanese company Maruta Industries Company LTD.

SELLING TERRITORY

:

N/A

EMPLOYEES

:

No reported.

 

 

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 is of the registered office fixed by the company for its incorporation in Panama. In practice, those are the offices of its Registered Agent TAPIA, LINARES Y ALFARO, which is responsible to send subject all correspondence.

 

 

FINANCIAL INFORMATION   

                                                                                                                             

Interviewee(s)

:

N/A

Position(s)

:

N/A

Cooperation

:

Report prepared through third-party sources.

Information Provided

:

Based on investigation, subject would be an offshore company. Access to information on this type of company is not easy.  The address:  Av. Justo Arosemena y Calle 31 # 3-80, Panamá, is of the previous location of offices of the firm TAPIA, LINARES Y ALFARO (now those are located on the above-mentioned address), which performs as subject's Registered Agent in Panama. We made arrangements before the company, but they refused to provide any information under internal policies and confidentiality agreements signed with its customers.  Collected information suggests that GEISEL COMPANIA MARITIMA S.A. is a company that is legally registered in Panama, but does not have any facilities or offices (usually no businessess) registered under its name. This type of companies is mainly incorporated to take advantage of the Panamanian tax system, which does not impose any taxes on activities carried out by companies registered in Panama and their commercial activites may be carried out outside the Panamanian territory.  It seems like subject is linked to the Japanese company Maruta Industries Company LTD.

 

FINANCIAL SITUATION                        :           UNDETERMINED

This company's Financial Situation is deemed to be Undetermined because it was not found any financial information to assess its results.

Subject is an offshore company.

 

 

PAYMENTS RECORD                                                                                                                                  

 

CREDIT HISTORY .-

In consulted local sources, it was not found any records on commercial credits or financing granted to subject; therefore, it is not possible to determine subject's payment performance.

 

LAWSUITS .-

It was not found any adverse records on prohibitions, lawsuits, summons, bankruptcies, auctions, cancelled accounts, delinquent operations against subject.

 

CREDIT OPINION                                                                                                                                  

 

Requested Credit :       Credit limit

 

Subject is not eligible for credits because of its situation. We recommend to take appropriate caution when dealing with subject.

 

NOTE: The Opinion given is confidential referential and with out liability

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.94

UK Pound

1

Rs.71.89

Euro

1

Rs.64.09

 

 

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%)

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.