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Report Date : |
30.11.2012 |
IDENTIFICATION DETAILS
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Name : |
ELESTE |
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Registered Office : |
Calle 16 con |
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Country : |
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Date of Incorporation : |
15.03.2010 |
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Com. Reg. No.: |
Card 694710, Deed 228 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
import and export
of clothes for women, gentlemen and children |
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No. of Employees : |
Not Available |
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 : |
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 – 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 |
ELESTE
S.A. |
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TAXPAYER REGISTRATION |
RUC
1742883-1-694710 |
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MAIN ADDRESS |
Calle
16 con Santa Isabel, Local 6, B1, Colon Zona Libre |
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PROVINCE / DEPARTAMENT |
Colón |
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COUNTRY |
PANAMA |
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TELEPHONE |
(507)
4413390 - 4413490 |
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E-MAIL |
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WEB |
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COMMENTS |
The order was requested stating address Manzana No. 6, B-1, Calle 16 Ave Sa Nta Isabel Colindante De Los, Edifi Cios 10 Y 13 Zona Libre de Colon. It is worth mentioning that the correct address is the one mentioned-above. |
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Date of foundation |
2010 |
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Capital stock |
US$500,000.= Dollars |
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Chief Executive |
HAMMOUD HAMMOUD, SALAM |
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Disposition |
Report totally prepared by outside
sources. |
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Payments policy |
Without rating (No payment experience
traced) |
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LEGAL STATUS |
Joint-Stock Company |
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DATE OF INCORPORATION |
15MAR2010 |
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PLACE OF REGISTRY |
Colon |
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NOTARY OFFICE |
1ra. del Circuito |
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REGISTRATION |
Card 694710, Deed 228 |
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CURRENT PAID-IN CAPITAL |
US$500,000.= Dollars |
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CLASS OF SHARES |
Registered |
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LISTED AT STOCK EXCHANGE |
No |
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SHARE VALUE |
US$1,000.= Dollars |
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CURRENT EXCHANGE RATE (US$) |
B/.1.= per 1 USD |
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FULL NAMES / COMPANY NAME |
TITLE |
%PART. |
SINCE |
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HAMMOUD HAMMOUD,
SALAM |
President |
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HAMMOUD HAMMOUD, NADER |
Treasurer |
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HAMMOUD HAMOUD, SAMIRA |
Secretary |
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RELATED COMPANIES TO SUBJECT COMPANY OR TO MAJORITY SHAREHOLDER |
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SIC Classification |
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Main activity |
Subject is engaged in import and export of clothes for women, gentlemen and children. Sold brand: FRESCA |
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Import |
Yes |
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Export |
Yes |
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COUNTRY |
Colombia,
Venezuela, Chile, Nicaragua, El Salvador, Cuba, Costa Rica, Belize, Trinidad
and Tobago, Haiti, Dominican Republican |
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% CASH SALES / METHOD |
50% |
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% Credit SALES / Terms |
50%
(Short term facilities) |
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% FOREIGN PURCHASES |
100% |
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SELLING TerritorY |
Domestic
and international market |
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Comments |
FRESCA is the leader brand of Indian clothes in Latin American. |
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Interviewee(s) |
Fuentes Externas |
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Disposition |
Report totally prepared by outside
sources. |
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Information provided |
This report was entirely prepared based on third parties since Mr. Nader Hammoud (Treasurer) was not interested providing information to our request under internal policies of the company. |
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SALES |
US$ 0.00 () |
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FINANCIAL SITUATION |
(NN): UNDETERMINEDSubject's Financial Situation is considered as Undetermined due to the fact that it doesn't have financial elements that allow assessing its results.It is a company established in 2010, managed and controlled by an Indian family group, experienced in the field. |
(Confidential Information)
CREDIT HISTORY
Subject's purchases
are whole carried out through suppliers from abroad.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.55.20 |
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UK Pound |
1 |
Rs.88.38 |
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Euro |
1 |
Rs.71.47 |
INFORMATION DETAILS
|
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 |
---- |
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.