MIRA INFORM REPORT

 

 

Report Date :

27.01.2012

 

IDENTIFICATION DETAILS

 

Name :

JANAMTEX INTL. Z.L. S.A.

 

 

Registered Office :

Vía Fernández de Córdoba, Zona Libre de Colón

 

 

Country :

Panama

 

 

Date of Incorporation :

01.07.1993

 

 

Com. Reg. No.:

File card 274557 (05/07/1993), File card 7119

 

 

Legal Form :

Joint-Stock Company

 

 

Line of Business :

Import and Sale of Fabrics.

 

 

No. of Employees :

Not Available

 

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 :

Unknown

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 – September 30, 2011

 

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

Panama

B1

B1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

IDENTIFICATION

 

CORRECT COMPANY NAME

JANAMTEX INTL. Z.L. S.A.

TAXPAYER REGISTRATION

RUC 39200-87-274557

MAIN ADDRESS

Vía Fernández de Córdoba, Zona Libre de Colón

PROVINCE / DEPARTAMENT

Colón/Colón

COUNTRY

PANAMA

TELEPHONE

(507) 4412624 – 4471290

COMMENTS

 
It's worth mentioning that in spite of our several investigations, we could not directly contact the Subject Company.
 
The addres in the heading is placed for reference purposes just as the report was requested and is from the Company's last registered office.
 
The request did not include any telephone number.
 
As far as we are concerned, we called repeatedly at different times to the phone numbers: 4412624 - 4471290 that appear in our files, without success; NOBODY ANSWERS.
 
Once the names of the company's directors and members were found out, we tried to locate them through the telephone directory, WITHOUT RESULTS.
 
IT IS UNKNOWN WHETHER THE COMPANY IS CURRENTLY OPERATING.

 

SUMMARY

 

Date of foundation

1993

Capital stock

US$100'000.= Dollars

Chief Executive

BUXANI, RAM WOHANLD

Disposition

Excellent.- Full information and updated figures.

Payments policy

 (No payment experience traced)

Credit (**)

Information is insufficient.

 

LEGAL BACKGROUNDS

 

LEGAL STATUS

Joint-Stock Company

DATE OF INCORPORATION

01JUL1993

PLACE OF REGISTRY

Lima

NOTARY OFFICE

3

DURATION

Perpetual

REGISTRATION

File card 274557 (05/07/1993), File card 7119

CURRENT PAID-IN CAPITAL

US$100'000.= Dollars

CLASS OF SHARES

Registered

LISTED AT STOCK EXCHANGE

No

SHARE VALUE

US$1,000.= Dollars

CURRENT EXCHANGE RATE (US$)

Balboa

COMMENTS

 
According to the Company's bylaws, the President or the Treasurer legally represent the company.

 

DIRECTORS - EXECUTIVES – SHAREHOLDERS

 

FULL NAMES / COMPANY NAME

TITLE

%PART.

SINCE

BUXANI, RAM WOHANLD

President / Secretary

 

 

BUXANI, SONAM RAM

Director / Treasurer

 

 

RIOS, RENET DE JESUS

Director / Member

 

 

BHANA URRIOLA & ASOCIADOS

Registered Agent

 

 

 

 

BUSINESS HISTORY

 

 
According to the Articles of Incorporation El Madi Jala Izzat and Luis Germán Gómez G. sign the company's charter.

 

 

BUSINESS

 

SIC Classification
2 2 - TEXTILE MILL PRODUCTS (Weaving mills, cotton, Synthetics, hosiery, woven carpets and rugs, yarn, fabrics, etc.)

Main activity

 
Import and sale of fabrics.

 

LOCATION

 

OTHER PREMISES

 
The Registered office operates at the heading address.

 

FINANCIAL INFORMATION

 

Interviewee(s)

Terceras fuentes

Disposition

Excellent.- Full information and updated figures.

Information provided

 
No personal interview for the above reasons.
 
Consequently, this report has been basically prepared through third parties.
 
It's worth pointing out that in Panama, only financial information from public companies is available. As for private companies, it can only be obtained if the companies are willing to do so.

 

 

FINANCIAL SITUATION

 
UNDETERMINED
The company's Financial Standing is considered to be Undetermined since there is no financial information that allows us to asses its results. We have no references showing its payment compliance either.

 

PAYMENTS RECORD: TRADE REFERENCES

 

(Confidential Information)

CREDIT HISTORY

No enough information could be gathered in order to establish the Company's payment compliance on credit.

 

 

BANKING INFORMATION

 

Bank

 

The names of the banks with which Subject works were not revealed.

 

 

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.50.02

UK Pound

1

Rs.78.05

Euro

1

Rs.65.13

 

 

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.