MIRA INFORM REPORT
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Report Date : |
24.03.2012 |
IDENTIFICATION DETAILS
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Name : |
YEM CORP. S.A. |
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Registered Office : |
Calle 57 y 58, Abel
Bravo, Edif. |
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Country : |
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Date of Incorporation : |
22.08.2007 |
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Com. Reg. No.: |
No.580342, Doc.1191675, Deed 18064 (20/08/2007) |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Import, Export, Distribution and marketing of
clothing for men, women and child |
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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 : |
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 – 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 |
YEM CORP. S.A. |
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TAXPAYER REGISTRATION |
RUC 1191675-1-580342 |
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MAIN ADDRESS |
Calle 57 y 58, Abel Bravo, Edif. Times
Square Garden Plaza, Piso 1, Urb. Obarrio, |
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PROVINCE / DEPARTAMENT |
Panamá/Panamá |
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STATE / REGION |
Panamá |
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COUNTRY |
PANAMA |
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TELEPHONE |
(507) 2046000 - 2046161 |
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E-MAIL |
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Date of foundation |
2007 |
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permanent employees |
Not specified. |
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Chief Executive |
LEE, IVETTE CAROL |
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Disposition |
Report prepared through third-party
sources. |
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Payments policy |
(No payment experience traced) |
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Credit (**) |
Indeterminate / Information is
insufficient. |
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LEGAL STATUS |
Joint-Stock Company |
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DATE OF INCORPORATION |
22AUG2007 |
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PLACE OF REGISTRY |
Panamá |
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NOTARY OFFICE |
Fifth
of Circuit. |
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DURATION |
Perpetual |
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REGISTRATION |
No.580342,
Doc.1191675, Deed 18064 (20/08/2007) |
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INITIAL CAPITAL |
B/.10,000.=
Balboas |
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LAST CAPITAL INCREASE |
No
increases registered. |
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CLASS OF SHARES |
500
shares registered |
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LISTED AT STOCK EXCHANGE |
No |
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SHARE VALUE |
B/.20.=
Balboas |
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CURRENT EXCHANGE RATE (US$) |
B/.1.=
per 1.00 USADollar |
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COMMENTS |
The legal representation shall be exercised by the President , in his absence by the secretary, or by the treasurer or by any person designated by the board. |
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FULL NAMES / COMPANY NAME |
TITLE |
%PART. |
SINCE |
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LEE, IVETTE
CAROL |
President |
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AGUILAR, EDITH MARISOL |
Director/Treasurer |
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MIRANDA, ESPERANZA ELENA |
Director/Secretary |
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MOGILEVSKY, MIJAEL |
Director |
YES |
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ESKENAZI ABADI, ALBERTO |
Director |
YES |
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YOHROS, JOSEPH RAMON |
Director |
YES |
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ESKENAZI ABADI,
ALBERTO |
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NATIONALITY |
Panamanian |
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BACKGROUND INFORMATION |
Member of the National Election Board of Panama. |
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ASSOCIATED AS PER OUR DATABASE TO |
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Signed the Articles of Incorporation:- David Alberto Davarro- Esperanza Elena Miranda.The Subject is part of the so called ESMO GROUP, which has more than a decade of solid experience in the sector, with collections of clothing and accessories for men, women and children, which can be found in upscale shops in major shopping areas of Latin America and the Caribbean. Aside from the Subject, the group consists of the following companies: |
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RELATED COMPANIES TO SUBJECT COMPANY OR TO MAJORITY SHAREHOLDER |
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Main activity |
Import, export, distribution and marketing of clothing for men, women and children, acting as authorized representatives of the brands: "U.S. POLO ASSOCIATION", "OCEAN PACIFIC - OP" , "BISOU BISOU", "SCULPTURE" (jacket, panties, shirt, ladies, shorts, bath, bath towel, jeans, pants, etc). |
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Export |
Yes |
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COUNTRY |
Canada and Colombia |
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SELLING TerritorY |
National, international |
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EMPLOYEES |
Not specified. |
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LOCATION OTHER PREMISES Tax Domicile and Administrative Offices are located at the above address Warehouse: Calle 9 de Enero, última calle antes de Manzanillo T. France Field, Colón.
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Interviewee(s) |
Third-party sources |
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Disposition |
Report prepared through third-party
sources. |
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Information provided |
Despite our insistence, Ms. Jamení Perez (Assistant Manager) stated that per decision of the main executives our request was sent to their legal department to be evaluated by their Attorney Dr. Janeth Morjain, who will respond us accordingly. Meanwhile, we have produced this report based on data obtained using fully reliable third-party sources, where it was not possible to get any financial information to enable us to have an idea about the operations volume of the investigated company. |
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SALES |
US$ 0.00 () |
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FINANCIAL SITUATION |
UNDETERMINEDWe consider the Financial Situation of the company as Undetermined because lack of financial data prevents us from assessing their current results.Based on available information we can say that Yem Corp. SA is a Panamanian corporation engaged in the import, export, distribution and marketing of clothing for men, women and children, acting as authorized representatives of recognized brands, which has allowed them to remain stable in the market since 2007. Although our investigation through the public record does not how anything against the company, still we have no more detailed information regarding the company to give a better opinion. |
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Insurance Comments |
We did not have access to this kind of information. |
PAYMENTS RECORD: TRADE REFERENCES (Confidential
Information) |
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CREDIT HISTORY We requested reference from the aforementioned suppliers, but they have not yet responded, we will insist. |
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Bank
Not ascertained.
REPUTATION
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.50.91 |
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UK Pound |
1 |
Rs.80.77 |
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Euro |
1 |
Rs.67.40 |
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.