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Report Date : |
06.09.2012 |
IDENTIFICATION DETAILS
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Name : |
WSI INTERNATIONAL HOLDINGS S.A. |
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Registered Office : |
Edif. PH 909, Calle 50 y 74 San Francisco, P.O. Box 0816-01376 |
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Country : |
Panama |
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Date of Incorporation : |
02.05.2007 |
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Com. Reg. No.: |
Volume 2007, Entry 72888 |
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Legal Form : |
Offshore Company |
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Line of Business : |
Subject is engaged in settlement or foreign territory, activities related to purchase sell, transfer, arrange, negotiate, finance, Exchange, own, manage, give or take Money in loan, give or take in commission, mortgage, pledge, lease, use, easement, or antichresis of all kind of properties, either movable or immovable, stocks or rights, and make and carry out all acts, agreements, operations, negotiations and transactions by virtue of law. |
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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 : |
Offshore company |
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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 |
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.
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Source : CIA |
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CORRECT COMPANY NAME |
WSI
INTERNATIONAL HOLDINGS S.A. |
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TAXPAYER REGISTRATION |
RUC 11255661565556 |
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MAIN ADDRESS |
Edif. PH 909, Calle 50 y 74 San Francisco,
P.O. Box 0816-01376 |
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PROVINCE / DEPARTAMENT |
Panamá |
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COUNTRY |
PANAMA |
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TELEPHONE |
(507) |
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COMMENTS |
The above-mentioned address is of the registered office established by subject when it was incorporated in Panama. In practice, the offices of subject's Registered Agent operate here. |
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Date of foundation |
2007 |
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permanent employees |
No workers |
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Chief Executive |
SHARMA, ASHISH |
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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 |
Offshore Company |
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DATE OF INCORPORATION |
02MAY2007 |
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PLACE OF REGISTRY |
Panama |
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NOTARY OFFICE |
12th in the Circuit |
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REGISTRATION |
Volume 2007, Entry 72888 |
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INITIAL CAPITAL |
US$20,000.= Dollars |
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LISTED AT STOCK EXCHANGE |
No |
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COMMENTS |
Subject's articles of incorporation were signed by the companies:- MANAGEMENT INTERNATIONAL SERVICES CO.S.A- CORPORATE WORLD MANAGEMENT SERVICES S.A. |
- EXECUTIVES –
SHAREHOLDERS
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FULL NAMES / COMPANY NAME |
TITLE |
%PART. |
SINCE |
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SHARMA, ASHISH |
President |
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SHARMA, LALIT |
Vice President |
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HARLOW, CLARK |
Treasurer |
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HWANG, YOOSUN |
Director |
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SHARMA, BRIJ |
Director |
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RELATED COMPANIES TO SUBJECT COMPANY OR TO MAJORITY
SHAREHOLDER |
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BUSINESS |
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Main activity |
Subject is an offshore company.It has been established for the purpose of carrying out in the Republic of Panama or any other country, settlement or foreign territory, activities related to purchase sell, transfer, arrange, negotiate, finance, Exchange, own, manage, give or take Money in loan, give or take in commission, mortgage, pledge, lease, use, easement, or antichresis of all kind of properties, either movable or immovable, stocks or rights, and make and carry out all acts, agreements, operations, negotiations and transactions by virtue of law. |
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EMPLOYEES |
No workers |
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Interviewee(s) |
Third-party sources |
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Disposition |
Report totally prepared by outside
sources. |
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Information provided |
This report was developed with information that was collected from several sources because subject's Registered Agent refused to provide any kind of information. |
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SALES |
US$ 0.00 () |
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FINANCIAL SITUATION |
NN: UNDETERMINEDThis company's Financial Situation is deemed to be UNDETERMINED because it was not found any financial figures to carry out a financial analysis of its performance. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.55.89 |
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UK Pound |
1 |
Rs.88.63 |
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Euro |
1 |
Rs.70.03 |
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 |
---- |
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.