MIRA INFORM REPORT

 

 

Report Date :           

24.05.2011

 

IDENTIFICATION DETAILS

 

Name :

CORAL IMPORT AND EXPORT S.A.

 

 

Registered Office :

RUC 29860-9-235239, Colone Free Zone Cofrisa 8 Local, Colón

 

 

Country :

Panama

 

 

Date of Incorporation :

10.07.1990

 

 

Com. Reg. No.:

Card No.235239, Notarial Act No.319

 

 

Legal Form :

Joint Stock Company

 

 

Line of Business :

Subject has been established for the purpose of carrying out in the Republic of Panama or any other country, settlement or foreign territory, activities related to purchase, sell, transfer, arrange, negotiate, finance, exchange, own, manage, give or take money in loan, give and 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

 

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 :

Poor

Payment Behaviour :

Unknown

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 – 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

:

CORAL IMPORT AND EXPORT S.A.

TRADE NAME

:

N/A"

TAXPAYER REGISTRATION

:

RUC 29860-9-235239

MAIN ADDRESS

:

Colone Free Zone Cofrisa 8 local, Colón

CITY

:

Colón

DEPARTMENT/STATE

:

N/A

COUNTRY

:

PANAMA

TELEPHONE

:

N/A

FAX

:

N/A

WEB SITE

:

N/A

 

COMMENTS .-

Regarding this investigation, it should be mentioned that subject's corporate name and address are included as references as they were given.

 

The given address is incomplete and/or wrong, and a contact phone number was not given.

 

It was possible to obtain some information on subject from external sources.

 

 

SUMMARY

 

FOUNDATION               : 1990

LAST CAPITAL : US$100,000.= Dollars

SALES                         : 0.00

PAYMENTS                  : Without rating (No payment experience traced)

CHIEF EXECUTIVE        : MANNEH, JANETH

DISPOSITION               : Report prepared through third-party sources.

 

 

LEGAL BACKGROUNDS                                                                                                                                  

 

LEGAL ESTATUS

:

Joint-Stock Company

DATE OF INCORPORATION

:

10JUL1990

START OF OPERATIONS

:

N/A

REGISTERED IN

:

Panama

NOTARY OFFICE

:

2da. del Circuito

DURATION

:

Indefinite

REGISTRATION

:

Card No.235239, Notarial Act No.319

INITIAL CAPITAL

:

N/A

CURRENT PAID-IN CAPITAL

:

US$100,000.= Dollars

LAST CAPITAL INCREASE

:

N/A

SHAREHOLDERS' EQUITY

:

N/A

TYPE OF SHARES

:

Registered

LISTED AT STOCK EXCHANGE

:

No

SHARE VALUE

:

US$1,000.= Dollars

CURRENT EXCHANGE RATE

:

N/A

MEMBERSHIP

:

N/A

 

COMMENTS .-

Subject's articles of incorporation were signed by Munir Maneh Fakih and Samira Hachem de Maneh.

 

 

DIRECTORS / EXECUTIVES / SHAREHOLDERS                                                                                                                                  

 

FULL NAMES / COMPANY NAME

TITLE

MANNEH, JANETH

President

MANNEH FAKIH, NAUEF

Director

MANNEH HACHEM, TALIH

Director/Secretary

MANNEH FAKIH, MUNIR

Treasurer

LUQUE, CORONELL Y ASOCIADOS

Registered Agent

 

 

BUSINESS                                                                                                                                 

 

MAIN ACTIVITY .-

Subject has been established for the purpose of carrying out in the Republic of Panama or any other country, settlement or foreign territory, activities related to purchase, sell, transfer, arrange, negotiate, finance, exchange, own, manage, give or take money in loan, give and 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

:

Subject's articles of incorporation were signed by Munir Maneh Fakih and Samira Hachem de Maneh.

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 .-

No information on this matter was found.

 

FINANCIAL INFORMATION                                                                                                                                  

 

Interviewee(s)

:

N/A

Position(s)

:

N/A

Cooperation

:

Report prepared through third-party sources.

Information Provided

:

This report was completely developed with information that was collected from external sources, since as we got in contact with subject's Registered Agent Luque, Coronell y Asociados, it refused to provide any information on subject by saying its mission is to protect identity of its customers and not disclose any information.  We suggest to give us subject's correct address and/or contact phone number in order to continue our investigation; otherwise we consider this investigation completed.

 

 

FINANCIAL INFORMATION                                                                                                                                  

 

Interviewee(s)

:

N/A

Position(s)

:

N/A

Cooperation

:

Report prepared through third-party sources.

Information Provided

:

This report was completely developed with information that was collected from external sources, since as we got in contact with subject's Registered Agent Luque, Coronell y Asociados, it refused to provide any information on subject by saying its mission is to protect identity of its customers and not disclose any information.  We suggest to give us subject's correct address and/or contact phone number in order to continue our investigation; otherwise we consider this investigation completed.

 

 

PAYMENTS RECORD                                                                                                                                  

 

CREDIT HISTORY .-

It was not possible to know names of subject's suppliers.

 

 

BANKING INFORMATION                                                                                                                                  

 

Consulted banking entities did not provide any information under bank secrecy.

 

CREDIT OPINION                                                                                                                                  

 

Requested Credit Rating :        Credit limit

 

We could not suggest any credit amount because subject has not been located.

 

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

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.28

UK Pound

1

Rs.73.30

Euro

1

Rs.63.61

 

 

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.