MIRA INFORM REPORT

 

 

Report Date :

22.05.2012

 

IDENTIFICATION DETAILS

 

Name :

MARFAT MARITIME CORP.

 

 

Registered Office :

Samuel Lewis & Calle 58E,Piso 13, Torre ADR, Urb. Obarrio

 

 

Country :

Panama

 

 

Date of Incorporation :

09.05.2008

 

 

Com. Reg. No.:

File 615824, Doc.1344583; Public Deed.11342

 

 

Legal Form :

Corporation

 

 

Line of Business :

Subject has been created to carry out in the Republic of Panama or in any other country, colony or foreign territory, activities to buy, sell, transfer, arrange, negotiate, finance, possess, administer, lend or borrow money, give or take commission percentages, make use of mortgages, pledges leasing, obtain beneficial interests or antichresis, over every kind of goods whether they are movable or realty, shares or rights and to execute and carry out any and all acts, contracts, operations businesses and transactions of lawful trade

 

 

No. of Employees :

Not Available

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Offshore company

 

 

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, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

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

MARFAT MARITIME CORP.

TAXPAYER REGISTRATION

RUC 13445831615824

MAIN ADDRESS

Samuel Lewis & Calle 58E,Piso 13, Torre ADR, Urb. Obarrio

PROVINCE / DEPARTAMENT

Panamá

STATE / REGION

Panamá

COUNTRY

PANAMA

TELEPHONE

(507) 2692255/2648911/2691552

E-MAIL

info@shirleylaw.com ; info@shirleylaw.com

COMMENTS

 
This is an OFFSHORE COMPANY
 
Be advised that the above address and phone numbers belong to the Registered Agent of this Company.

 

 

SUMMARY

 

Date of foundation

2008

permanent employees

Unknown

Chief Executive

SHIRLEY & ASOCIADOS

Disposition

Excellent.- Full information and updated figures.

Payments policy

Without rating (No payment experience traced)

 

 

LEGAL BACKGROUNDS

 

LEGAL STATUS

Corporation

DATE OF INCORPORATION

09MAY2008

PLACE OF REGISTRY

Panama

NOTARY OFFICE

First of the Circuit

DURATION

Perpetual

REGISTRATION

File 615824, Doc.1344583; Public Deed.11342.

INITIAL CAPITAL

US$10,000.= Dollars

CLASS OF SHARES

Common, registered or to the bearer

SHARE VALUE

US$100.= Dollars

CURRENT EXCHANGE RATE (US$)

B/.1.= per USD.1.00

 

 

DIRECTORS - EXECUTIVES – SHAREHOLDERS

 

FULL NAMES / COMPANY NAME

TITLE

%PART.

SINCE

GAMBOA POLANCO, YARIELA

President

 

 

ALVARADO, ROXANA

Treasurer

 

 

FERNANDEZ, DAMARIS

Secretary

 

 

SHIRLEY & ASOCIADOS

Registered Agent

 

 

 

 

WHO IS WHO?

 

SHIRLEY & ASOCIADOS

NATIONALITY

Panamanian

DOMICILE

Samuel Lewis & Calle 58E, piso 13, Torre ADR, Urb. Obarrio, Panamá

TELEPHONE

2692255 - 2648911 - 2691552

BACKGROUND INFORMATION

 
Law Firm
P.O.Box 5216, Zone 5.
E-mail: info@shirleylaw.com 
 
Shirley y Asociados is a monder Law Firm that has been operating since 1962.  It is located in the Bank centre of Panama City, its offices has a high technology structure guaranteing the permanent communication with its customers. 
 
Among its legal services are:  
 
Offshore Servicios:  incorporation of companies and those from Brittish Islands, panamanian funds and trusts. 
 
Crafts Registration and Maritime Litigations
 
Intellectual Property- Brand Registratio and copyrights
 
Environment and Construction Law
 
Banking and Securities Law.

 

 

ASSOCIATED AS PER OUR DATABASE TO

COMPANY

TITLE

TAX REG

COUNTRY

PALTOCK BUSINESS S.A.

Registered Agent

7818211488377

PANAMA

AZURE PARCEL LINES CORP.

Registered Agent

3458989256906

PANAMA

BLUE AMETHYST MARITIME A.G.

Registered Agent

579658-1-1447957

PANAMA

STARBAY CORP.

Registered Agent

66159-32-363377

PANAMA

GERALDIC LTD S.A.

Registered Agent

7267941474375

PANAMA

OCEAN LINK INTERNATIONAL S.A.

Registered Agent

8325601502168

PANAMA

MARKAB TRANSPORT AND TRADING CORP.

Registered Agent

15226841651923

PANAMA

CARIBBEAN POWER TRANSMISSION S.A.

Registered Agent

1369035162332

PANAMA

C.E.P. INTERNATIONAL S.A.

Registered Agent

28783-28-232811

PANAMA

LATIN INVEST & CONSULTING S.A.

Registered Agent

1520560-1-651529

PANAMA

ESENDON GROUP INC.

Registered Agent

15355971654386

PANAMA

NORQUEST INC

Registered Agent

66224-2-363608

PANAMA

TRANCE TELECOM INC

Registered Agent

7825831487596

PANAMA

FRACCIONADORA DE OCCIDENTE S.A.

Registered Agent

1540226-1-655517

PANAMA

 

 

BUSINESS HISTORY

 

Alex Sánchez and Adelina Barria signed the Articles of Incorporation.

 

 

BUSINESS

 

Main activity

 
The Company has been registered as an IBC or Offshore Company. 
It does not carry out operations in Panama.
 
It has been created to carry out in the Republic of Panama or in any other country, colony or foreign territory, activities to buy, sell, transfer, arrange, negotiate, finance, possess, administer, lend or borrow money, give or take commission percentages, make use of mortgages, pledges leasing, obtain beneficial interests or antichresis, over every kind of goods whether they are movable or realty, shares or rights and to execute and carry out any and all acts, contracts, operations businesses and transactions of lawful trade.
 

EMPLOYEES

Unknown

LOCATION

OTHER PREMISES

 
Despite the Company has established its registered office at the domicile of its Registered Agent, it neither operates nor has offices in Panama.
The Registered Agent is responsible for keeping and sending its correspondence.
 

 

FINANCIAL INFORMATION

 

Disposition

Excellent.- Full information and updated figures.

Information provided

 
As MARFAT MARITIME CORP. is an offshore company, we could not access to the information relative to its activities and financials, even though we consulted other independent sources.
   
We tried to get more information from its Registered Agent (SHIRLEY & ASOCIADOS) but results were not successful. It is important to comment that Registered Agents are not allowed to disclose information about their clients under strict confidentiality agreements.
   
Finally, we can point out MARFAT MARITIME CORP. is an offshore and as many other companies of this class,  has been duly incorporated in the Panamanian territory to take advantages of the tax system which exempt from taxes companies registered in said country but operating elsewhere, protecting in that way the interests of the real investors.
 
Consequently, no balance sheets could be obtained.

 

 

SALES

US$ 0.00 ()

FINANCIAL SITUATION

 
NN: UNDETERMINED
Financial situation is deemed to be indeterminate since no accounting elements were available to assess this Company current result.

Insurance Comments

 
Unknown.

 

BANKING INFORMATION

 

Bank

 

 

Banks, credit entities and other sources consulted like the Panamanian Credit Association, reported that the Company does not have credit experience of any kind.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.54.68

UK Pound

1

Rs.86.52

Euro

1

Rs.69.86

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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.