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Report Date : |
05.06.2012 |
IDENTIFICATION DETAILS
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Name : |
CENTRO TEXTIL INTERNACIONAL ZONA LIBRE S.A. |
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Registered Office : |
Calle 15 y C, Edif. Dismered, Zona libre de Colón, Zona libre de Colón / Colón |
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Country : |
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Date of Incorporation : |
10.03.1989 |
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Legal Form : |
Joint-Stock Company |
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Line of Business : |
Import and marketing of apparel
fabrics for men, women and children |
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No. of Employees : |
30 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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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 – March 31st, 2012
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Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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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 |
CENTRO
TEXTIL INTERNACIONAL ZONA LIBRE S.A. |
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TRADE NAME |
CENTEX |
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TAXPAYER REGISTRATION |
RUC
256802219880 |
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MAIN ADDRESS |
Calle
15 y C, Edif. Dismered, Zona libre de Colón |
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PROVINCE / DEPARTAMENT |
Zona
libre de Colón / Colón |
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COUNTRY |
PANAMA |
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TELEPHONE |
(507) 4410139 - 4416749 |
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E-MAIL |
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Date of foundation |
1989 |
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Capital stock |
No specified |
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permanent employees |
30 |
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Chief Executive |
SEGEBRE SEGEBRE, ALBERTO |
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Disposition |
Poor.- Only general information without
figures. |
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Payments policy |
Usually to terms/good |
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LEGAL STATUS |
Joint-Stock Company |
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DATE OF INCORPORATION |
10MAR1989 |
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PLACE OF REGISTRY |
Panama |
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DURATION |
Perpetual |
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REGISTRATION |
Card 219880, Volume 196, Entry 3120
(10/03/1999) |
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INITIAL CAPITAL |
US$10,000.= Dollars |
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CURRENT PAID-IN CAPITAL |
No specified |
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CLASS OF SHARES |
Registered |
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LISTED AT STOCK EXCHANGE |
No |
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CURRENT EXCHANGE RATE (US$) |
B/.1.= per US$1.= Dollar |
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COMMENTS |
Information on subject's shareholding structure was not specified. |
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SEGEBRE ATALA,
JERRY |
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NATIONALITY |
Panamanian |
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D.O.B. |
1974 |
Subject was incorporated on 10/03/1999 by Notarial Act No.2432.Its articles of incorporation were signed by Emil Nimer Nimer and Henry Mitry Massu Massu.By Document, dated 25/06/2005, before the First Notary Office of Panama Circuit, subject took over by merger the company CENTRO TEXTIL S.A., which was dissolved without going through a liquidation process. This act was registered in the Registry of Companies under No.811378 (11/07/2005).The Subject was not found to be related with any other company. |
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Main activity |
Import and marketing of apparel fabrics for men, women and children. |
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Import |
Yes |
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Country |
China, India and Malaysia. |
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Export |
Yes |
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COUNTRY |
In the Caribbean, Central and South
America |
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% DOMESTIC PURCHASES |
1% |
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% FOREIGN PURCHASES |
99% |
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SELLING TerritorY |
Domestic and international market |
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EMPLOYEES |
30 |
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LOCATION
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Interviewee(s) |
Mr. Alberto Segebre. |
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Position(s) |
Executive Chairman |
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Disposition |
Poor.- Only general information without
figures. |
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Information provided |
The interviewed person was suspicious and said he considered irrelevant to divulge information because CENTEX is a company with wide experience, recognized in the market, emphasizing that our investigation caused him surprise.Thus we have prepared this report based on data obtained entirely through third parties and public official sources, where it was not possible to secure balance sheets and/or referential financial figures of this company for assessment. |
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SALES |
US$ 0.00 () |
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FINANCIAL SITUATION |
NN: UNDETERMINEDThe Subject's Financial Position is considered UNDETERMINED, since there is no financial figures allowing a financial analysis of the results in its last fiscal year. However, based on available evidence we can say that this is a medium sized family owned company with over 20 years of experience since its incorporation, and which enjoys a good business reputation. No adverse found. |
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Insurance Comments |
It was not obtained any information on insurance policies. |
(Confidential
Information)
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Note : Other
suppliers did not provide information or could not be consulted |
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CREDIT HISTORY No negative records found in the different sources researched. |
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LAWSUITS |
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Bank
· GENERAL S.A.
BANCAFE
The subject is a customer of those banks, which when consulted told us that in compliance with current legal regulations, can not provide data on their customer movements out of respect to banking secrecy.
NOTHING AGAINST COMPANY
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.55.52 |
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UK Pound |
1 |
Rs.85.29 |
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Euro |
1 |
Rs.68.86 |
INFORMATION DETAILS
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Report Prepared
by : |
MNL |
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.