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Report Date : |
10.11.2012 |
IDENTIFICATION DETAILS
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Name : |
MUKHI IMPEX S.A. |
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Registered Office : |
Panafoto, frente a Audio
Centro, al lado de Formula Export, Zona Libre de Colon |
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Country : |
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Date of Incorporation : |
03.04.1990 |
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Legal Form : |
Joint-Stock Company |
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LINE OF BUSINESS : |
IMPORT AND TRADING OF HOUSEHOLD APPLIANCES, SUCH AS IRONS,
DRYERS, GAS LIGHTERS, REFRIGERATORS, ETC |
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No. of Employees : |
10 |
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RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 – June 30th, 2012
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Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
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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 |
PANAMA - ECONOMIC OVERVIEW
Panama's dollar-based economy rests primarily on a
well-developed services sector that accounts for more than three-quarters of
GDP. Services include operating the Panama Canal, logistics, banking, the Colon
Free Zone, insurance, container ports, flagship registry, and tourism. Economic
growth will be bolstered by the Panama Canal expansion project that began in
2007 and is scheduled to be completed by 2014 at a cost of $5.3 billion - about
10% of current GDP. The expansion project will more than double the Canal''s
capacity, enabling it to accommodate ships that are too large to traverse the
existing canal. The United States and China are the top users of the Canal.
Panama also plans to construct a metro system in Panama City, valued at $1.2
billion and scheduled to be completed by 2014. Panama''s booming transportation
and logistics services sectors, along with aggressive infrastructure
development projects, have lead the economy to continued growth in 2011. Strong
economic performance has not translated into broadly shared prosperity, as
Panama has the second worst income distribution in Latin America. About 30% of
the population lives in poverty; however, from 2006 to 2010 poverty was reduced
by 10 percentage points, while unemployment dropped from 12% to less than 3% of
the labor force in 2011. A US-Panama Trade Promotion Agreement was approved by
Congress and signed into law in October 2011. Seeking removal from the
Organization of Economic Development''s gray-list of tax havens, Panama has
also recently signed various double taxation treaties with other nations.
Source
: CIA
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CORRECT COMPANY NAME |
MUKHI IMPEX S.A. |
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TAXPAYER REGISTRATION |
RUC 287522232698 |
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MAIN ADDRESS |
Panafoto, frente a Audio Centro,
al lado de Formula Export, Zona Libre de Colon |
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PROVINCE / DEPARTAMENT |
Colón |
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STATE / REGION |
Colón |
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COUNTRY |
PANAMA |
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TELEPHONE |
(507) 4453093 - 4311145 |
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contabilidad@mukhiimpex.com |
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SUMMARY
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LEGAL STATUS |
Joint-Stock Company |
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DATE OF INCORPORATION |
03APR1990 |
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PLACE OF REGISTRY |
Panama |
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NOTARY OFFICE |
4th in the Circuit |
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DURATION |
Perpetual |
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REGISTRATION |
Deed 2446, Vol. 201, Entry
2060, File card 232698 |
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CURRENT PAID-IN CAPITAL |
US$2,760,000.= Dollars |
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CLASS OF SHARES |
Common |
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LISTED AT STOCK EXCHANGE |
No |
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SHARE VALUE |
US$2,760.= Dollars |
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CURRENT EXCHANGE RATE (US$) |
B/. 1.= per USD1 |
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COMMENTS |
The Executive President was Mr.
ATMARAN MUKHI, MOHANDAS who died in 2011. Currently, nobody holds that
position. |
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FULL NAMES /
COMPANY NAME |
TITLE |
%PART. |
SINCE |
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MUKHI,
MAHESH |
Vice President |
Yes |
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MUKHI, RAVEEMA |
Financial Manager |
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MUKHI, KAMAL |
Secretary/Admin. Manager |
Yes |
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WHO IS WHO?
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MUKHI, MAHESH |
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NATIONALITY |
Indonesian |
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MUKHI, KAMAL |
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NATIONALITY |
Indonesian |
BUSINESS HISTORY
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Francisco Carreira Pitti and
Leonor Isabel Arauz Silva signed the articles of incorporation. No related companies have been
found. |
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BUSINESS |
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Main activity |
Import and trading of household appliances, such as irons, dryers, gas lighters, refrigerators, etc. |
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Import |
Yes |
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Country |
India |
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Export |
Yes |
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COUNTRY |
Colombia |
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SELLING TerritorY |
Domestic market (Colon Free Trade Zone) |
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EMPLOYEES |
10 |
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Comments |
Sales are mainly aimed at wholesalers and retailers. |
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FINANCIAL INFORMATION
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Interviewee(s) |
Third-party Sources |
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Disposition |
Refused to give information (politely). |
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Information provided |
In view of the refusal to provide any information, this report has been prepared based on data gathered through public sources and our files, where neither updated balance sheets nor benchmark accounting figures could be obtained. |
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SALES |
US$ 0.00 () |
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FINANCIAL SITUATION |
NN: UNDETERMINED As no financial statements from the last fiscal year could be obtained, Subject is under an undetermined credit risk. There are no further references either that allow us to reliably determine the company's payment habits either. |
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Insurance Comments |
No insurance-related information could be obtained. |
TRADE REFERENCES, CREDIT BUREAU, LAWSUITS, BANKS
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TRADE REFERENCES |
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Note : Other suppliers did not provide information or could not be consulted |
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BANKERS - BANCO NACIONAL DE PANAMA - BANCO DEL ISTMO |
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GENERAL INFORMATION
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REPUTATION |
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NOTHING AGAINST COMPANY |
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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.54.34 |
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1 |
Rs.86.97 |
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Euro |
1 |
Rs.69.43 |
INFORMATION DETAILS
|
Report
Prepared by : |
SDA |
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 |
-- |
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.