MIRA INFORM
REPORT
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Report Date : |
05.04.2012 |
IDENTIFICATION DETAILS
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Name : |
AGP AMERICA S.A. |
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Registered Office : |
Calle 54 Este, Edificio Arango Orillac, 2do. Piso, Panamá |
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Country : |
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Date of Incorporation : |
04.05.2004 |
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Com. Reg. No.: |
File card 453205, Document 611816/Deed
2543 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Subject is an off shore company |
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No. of Employees
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Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
No operating office in Panama |
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Payment
Behaviour : |
Unknown |
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Litigation : |
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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 |
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CORRECT COMPANY NAME |
AGP AMERICA S.A. |
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TAXPAYER REGISTRATION |
RUC 611816-1-453205 |
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MAIN ADDRESS |
Calle 54 Este, Edificio Arango Orillac,
2do. Piso |
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PROVINCE / DEPARTAMENT |
Panamá/Panamá |
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COUNTRY |
PANAMA |
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TELEPHONE |
(507) 2642322/2638899 |
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COMMENTS |
We must clarify that both the address and the phone numbers shown in the identification item belong to the office of the Registered Agent from AGP AMERICA S.A., a company legally registered in Panama whose operations are based abroad. |
Date of foundation 2004
Chief Executive MOSSACK FONSECA
& CO.
Payments policy Without rating (No
payment experience traced)
Credit (**) Indeterminate /
Information is insufficient.
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LEGAL STATUS |
Joint-Stock Company |
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DATE OF INCORPORATION |
04MAY2004 |
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PLACE OF REGISTRY |
Panama |
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NOTARY OFFICE |
5 |
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DURATION |
Indefinite period |
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REGISTRATION |
File card 453205, Document 611816/Deed
2543 |
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INITIAL CAPITAL |
US$10,000,000.= Dollars |
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CLASS OF SHARES |
Registered |
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SHARE VALUE |
US$100.= Dollars |
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CURRENT EXCHANGE RATE (US$) |
B/.1.= per USD1 |
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COMMENTS |
According to the company's by-laws, the President is the legal representative. That position can also be performed by the Treasurer or the Secretary when the President is absent or any other person from the Board of Directors appointed for that purposed. |
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FULL NAMES / COMPANY NAME |
TITLE |
%PART. |
SINCE |
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AREVALO DILLON, ORLANDO ARTURO |
President/Manager |
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RUIZ TORRES, ENRIQUE |
Treasurer/MD |
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VELLEMAN NUDELMAN, JACK ALAN |
Managing Director/Secret. |
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RAMIREZ CH., LINA |
Alternate Director |
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MOSSACK FONSECA
& CO. |
Registered Agent |
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AREVALO DILLON,
ORLANDO ARTURO |
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ASSOCIATED AS PER OUR DATABASE TO |
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RUIZ TORRES,
ENRIQUE |
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ASSOCIATED AS PER OUR DATABASE TO |
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VELLEMAN
NUDELMAN, JACK ALAN |
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NATIONALITY |
Guatemalan |
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ASSOCIATED AS PER OUR DATABASE TO |
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MOSSACK FONSECA
& CO. |
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NATIONALITY |
Panamanian |
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DOMICILE |
Calle 54 Este Marbella, Edificio Mossfon,
Panamá |
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TELEPHONE |
2055888 - 2637327 - 2069400 |
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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.comMOSSACK FONSECA & CO. was founded in 1977 as a l law firm in the Republic of Panama, one of the international financial centers with the longest track record. As from that year, we have established offices holding licenses that allows it to offer services like incorporation of companies/registered agent, in the Bahamas, British Virgin Islands, Samoa (in the South Pacific), Seychelles (in the Indian Ocean) and British Anguilla. Besides, we offer a complete range of legal services, including private foundations, registration of ships and yachtes, naval mortgage, aircrafts and brands, request of licenses, disputes, industrial property and royalties, and other legal services.The international group Mossack Fonseca & Co. also has a well structured network of several subsidiaries and representative offices in the main financial capital cities in Europe, North America, Latin America, Africa and the East. Our team, which is made up of 420 persons, includes lawyers, tax consultants, business administrators and accountants. These multilingual experts cooperate together to offer a swift and efficient service to our clients. |
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ASSOCIATED AS PER OUR DATABASE TO |
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BUSINESS HISTORY
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Dulca Inc and Winsley Inc. are listed as subscribers to the articles of incorporation. |
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BUSINESS |
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Main activity |
It is an OFF SHORE company.It has been registered in order to be engaged in purchasing, selling, transferring, arranging, negotiating, financing, swapping, owning, managing, lending or borrowing money, giving or taking on a commission basis, mortgage, pledge, leasing, usage, usufruct or antichresis, any kind of property, either movable or immovable property, shares or rights, as well as entering into any act, contract, and legal business transaction in the Republic of Panama or any other country, foreign territory or district. |
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Information provided |
We must point out that in the office of the Registered Agent MOSSACK FONSECA & CO., the personnel refused to provide any Subject-related information, arguing that according to the company's policy, its clients' identity must be protected.Therefore, the information included in this report was basically obtained from reliable official and external sources. |
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SALES |
US$ 0.00 () |
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FINANCIAL SITUATION |
UNDETERMINEDThe company's Financial Situation is considered to be Undetermined since there are no financial elements allowing to analyze its results. In brief, we must point out that MOSSACK FONSECA & CO. is a company legally registered in Panama, but has no facilities or offices, and generally, no business under its name in Panama. This type of company is basically established to take advantage of the Panamanian tax regime, which does not levy business activities from companies registered in Panama and whose business activities are carried out outside Panama. |
(Confidential
Information)
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CREDIT HISTORY It does not
operate in Panama, thereby it has no local credit experience. |
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The banking and financial entities
contacted like the Panamanian Credit Association did not report Subject to
have any credit or bank experience. |
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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.51.05 |
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UK Pound |
1 |
Rs.81.09 |
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Euro |
1 |
Rs.67.39 |
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.