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Report Date : |
07.12.2013 |
IDENTIFICATION DETAILS
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Name : |
NULI CORP. |
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Registered Office : |
Av 5 Norte Enrique Geenzier, El Cangrejo #17-140 |
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Country : |
Panama |
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Date of Incorporation : |
05.01.2012 |
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Legal Form : |
Joint-Stock Company |
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Line of Business : |
Subject Company has been registered as an Offshore Company. Subject has been created to carry out in the Republic of Panama or in
any other country, colony or foreign territory, the purchase, sale, disposal,
dealing, transfer, barter, ownership, negotiate, finance, administration,
give or borrowing money in loan, giving or taking commission, mortgage,
security, lease, use, usufruct, or receivership, any kind of property,
whether real estate or personal stock or rights, and make and accept all
kinds of deals, contracts, operations, business and transactions of lawful
commerce. |
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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, 2013
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Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
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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 estimated to be completed by 2015 at a cost of $5.3 billion - about 10-15% 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 is also constructing 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 high growth in 2012. Foreign investment, at around 10% of GDP in both 2011 and 2012, has continued to be a source of growth. 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 2012 poverty was reduced by 10 percentage points, while unemployment dropped from 12% to 4.4% of the labor force in 2012. The US-Panama Trade Promotion Agreement was approved by Congress and signed into law in October 2011, and entered into force in October 2012. Panama also achieved removal from the Organization of Economic Development''s gray-list of tax havens by signing various double taxation treaties with other nations.
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Source
: CIA |
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CORRECT COMPANY NAME |
NULI CORP. |
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TAXPAYER REGISTRATION |
RUC 22404601779640 |
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MAIN ADDRESS |
Av 5 Norte Enrique Geenzier, El Cangrejo #17-140 |
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DEPT/PROV/REGION/STATE |
Panamá |
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COUNTRY |
PANAMA |
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TELEPHONE |
(507) 4635400 |
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COMMENTS |
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Despite countless efforts made IT WAS VIRTUALY IMPOSSIBLE TO PHYSICALLY
LOCATE THE COMPANY. The address on the order corresponds to its Resident Agent DUDLEY
& ASOCIADOS The phone number on the order is not correct |
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Date of foundation |
2012 |
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Capital stock |
US$10,000.= Dollars |
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Chief Executive |
DUDLEY PORRAS, MIGUEL ANGEL |
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Disposition |
Declined. Refused to answer unpolitely. |
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Payments policy |
Without rating (No payment experience traced) |
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Credit (**) |
UNDETERMINED RISK.(Insufficient or Non existent information). |
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Number of times that this company was required: 3 |
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LEGAL STATUS |
Joint-Stock Company |
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DATE OF INCORPORATION |
05JAN2012 |
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NOTARY OFFICE |
Eleventh of Circuit |
DURATION |
Perpetual |
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REGISTRATION |
Record 779640, Document 2240460, Deed 5886 |
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CURRENT PAID-IN CAPITAL |
US$10,000.= Dollars |
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COMMENTS |
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Company was established by Deed No.5886 dated 05/01/2012. The share capital amounts to US$ 10,000. =, Divided into 100 ordinary
shares of US$ 100. = each, registered or made out to bearer. According to its statutes, the President, the Secretary or the
Treasurer will be in charge of Legal Representation. Its Resident Agent is : DUDLEY & ASOCIADOS. Law Firm Address : Av. 5 Norte Enrique Geenzier, El Cangrjo No.17-140, Panamá Tel: (507) 2653400 |
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DUDLEY PORRAS, MIGUEL ANGEL |
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TITLE |
President |
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NATIONALITY |
Panamanian |
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BACKGROUND INFORMATION |
He is referred to act as Director of the following companies: NAX INTERNATIONAL,S.A. ST STEPHENS INTERNATIONAL OF PANAMA S.A. TRANSATLANTIC TRADING AND FINANCE COMPANY INC. VEGGIE FRUITS PANAMA, S.A. PARALLEL AVIATION, S.A. WEB PROCESSING DATA INC. CURB APPEAL (PANAMA) CORP. ENDO PANAMA, S.A. MARITA HOLDINGS INC. HACIENDA LA DOöA S.A. GRUPO ANDINO, S.A. TRANSAMERICAN LEASING INC. LUGOVA MANAGEMENT INC. CAPIRITA, S.A. CAFETALES INTERNATIONAL INC. TALLER AUTOMOTRIZ PACECAR,S.A PRODUCTOS MEDICOS Y SUMINISTROS, S.A. (PROMEDICS) SKANKOL HOLDINGS, INC. RALJO FINANCE & T.,S.A. LES TOURS DE PANAMA INC. ISTHMUS TOWER, S.A. ORION TECHNOLOGIES INFORMATION S.A. PROMAGA CORPORATION. PRO-HOGAR ZONA LIBRE, S.A. BIENES RAICES OMEGA, S.A. CARLSTONE INVESTMENT INC. AGMER HOLDING CORP. WCM, INC. SOFEL CORPORATION ISG IMMOBILIEN SERVICE DEUTSCHLAND BETEILIGUNG A.G. PANAMA TECHNICAL SERVICES CORP. NOTA MARGINAL DE ADVERTENCIA CIRCLE SHIPPING CORP MADIK, S.A. DISTRIBUIDORA A & M, S.A. MARIX TRADING S.A. HANBRIDGE CORP DR. HOFER A.G. VERLIX TRADING, S.A. ASTRIL CORPORATION ENTERPRISES. CORPORATION ORIX, S.A. SULARIX, S.A. CLAUDIX COERPORATION DR. NORDMANN AG MIMSY INTERNACIONAL ,S.A SOARING EAGLE INVESTMENTS INC. RULPIK, S.A. BADIX INVESTMENTS, S.A. ALTIK CORPORATION. LOBIX, S.A. DUCRIX,S.A. SOLIUM CORP. LAMPRIX CORP. FALDOM INVESTMENTS S.A. POLCRIK, S.A. BALMARINE CORPORATION. ROLDY CORP. BALCOX CORP., S.A. DR. BERNHARD BETEILIGUNGS AG. LERNIK CORP. LOPIK, S.A. BOLIX INVESTMENTS CORP. CRUNIX, S.A. RULIX TRADING,S.A. BANIX CORPORATION. DUQUEL PROPERTIES,S.A. B & P CAPITAL CONSULTORES, S.A. MERBLIX, S.A. KURTILEX, S.A. DISTRIBUIDORA NARDIK, S.A. AVI TREUHAND AG SERVICIOS DE SISTEMAS, S.A. LIABEL S.A. WINKLER DEVELOPMENT CORP LURDIK DEVELOPMENT CORP. VOLPARK_CORPORATION S-A COMPAöIA CONTINENTAL DE INVERSIONES S.A TRIESEN DEVELOPMENT CORP COMPAöIA ORIENTAL DE SERVICIOS , S.A. INVERSIONES EJECUTIVAS, S.A. COMPAöIA EUROPEA DE FINANZAS, S.A. RIO GRANDE DEVELOPPMENT & TRADE, , CORP. GRAN CANARIA INVESTMENTS, S.A. LACROIX TRADING INC. REGIONAL INVESTMENTS INC. WILLEM CORPORATION IMPEX CARIBE, S.A. NORTH VALLEY INVESTMENTS, INC. LA VEGA VENTURES INC. -.- GRINDLEY FINANCE AND MANAGEMENT CORPORATION GALATI UNIVERSAL, S.A. DAYTON VENTURES CORP. among others |
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COMPANY |
TITLE |
TAX REG |
COUNTRY |
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G-QUILT INC. |
President |
16560981676648 |
PANAMA |
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SJÖGREEN DE
ARAMAYO, FABIOLA |
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TITLE |
Secretary |
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NATIONALITY |
Panamanian |
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BACKGROUND INFORMATION |
She is referred to act as Director of the following companies: SHANTUR INVESTMENTS INC. CENTURIAN INVESTMENT HOLDINGS INC. NAYEL HOLDINGS & INVESTMENTS CORP. GASCAR NEW MANAGEMENT INC. LURIOK CAPITAL INC. DOLMINUX CORPORATION NOVABULK SHIPPING & TRADING, S.A. |
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ASSOCIATED AS PER OUR DATABASE TO |
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As subscribers to the Corporate Agreement are
listed: Miguel Angel Dudley Porras and Fabiola Sjogreen de Aramayo.
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Main activity |
Subject Company has been registered as an Offshore Company. It has been created to carry out in the Republic of Panama or in any other
country, colony or foreign territory, the purchase, sale, disposal, dealing,
transfer, barter, ownership, negotiate, finance, administration, give or
borrowing money in loan, giving or taking commission, mortgage, security,
lease, use, usufruct, or receivership, any kind of property, whether real
estate or personal stock or rights, and make and accept all kinds of deals,
contracts, operations, business and transactions of lawful commerce. |
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Disposition |
Declined. Refused to answer unpolitely. |
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Interviewee(s) |
Third-party sources |
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Information provided |
This report has been developed entirely through external sources, since
we contacted Ms. Fabiola Aramayo at the offices of the Resident Agent, said
that if they deemed it necessary would communicate with their client and we
would get a response, however so far we have not received any reply. The Company would be an offshore established in Panama but operating
elsewhere.This kind of companies are particularly created to take advantage
of Panamanian tax system, under which no taxes are charged to companies
registered in Panama but operating outside the Panamanian territory,
protecting in that way the interests of the real investors. |
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SALES |
US$ 0.00 () |
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FINANCIAL SITUATION |
UNDETERMINED Financial situation is considered to be indeterminate since no accounting
elements were found to assess Subject Company current results. Furthermore the absence of credit history
prevents us from determining its liquidity position. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.61.67 |
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1 |
Rs.100.65 |
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Euro |
1 |
Rs.84.25 |
INFORMATION DETAILS
|
Report Prepared
by : |
NNA |
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.