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Report Date : |
12.10.2013 |
IDENTIFICATION DETAILS
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Name : |
TRICON OVERSEAS
INC. |
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Registered Office : |
East 53rd Street, Second Floor, Swiss bank Towers |
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Country : |
Panama |
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Date of Incorporation : |
31.03.2009 |
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Legal Form : |
Offshore Company |
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Line of Business : |
It has been created to carry out in Panama or in any other
country, colony or foreign lands, business activities related to: purchase, sell,
transfer, dispose, negotiate, finance, exchange, possess, manage, grant or
request loans, give or take commissions, mortgage, pledge lease, use,
enjoyment, or antichresis any kind of property whether they are real estate,
chattels, shares or rights and to enter into contracts, and carry out all
actions, commercial operations and transactions by virtue of Law. |
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No. of Employees : |
Report Date : 12.10.2013 IDENTIFICATION DETAILS Name : TRICON OVERSEAS
INC. Registered Office : East 53rd Street, Second Floor, Swiss bank Towers Country : Panama Date of Incorporation : 31.03.2009 Legal Form : Offshore Company Line of Business : It has been created to carry out in Panama or in any other
country, colony or foreign lands, business activities related to: purchase, sell,
transfer, dispose, negotiate, finance, exchange, possess, manage, grant or
request loans, give or take commissions, mortgage, pledge lease, use,
enjoyment, or antichresis any kind of property whether they are real estate,
chattels, shares or rights and to enter into contracts, and carry out all
actions, commercial operations and transactions by virtue of Law. 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, 2013 Country Name Previous Rating (31.12.2012) Current Rating (31.03.2013) Panama B1 B1 Risk Category ECGC
Classification Insignificant A1 Low A2 Moderate B1 High B2 Very High C1 Restricted C2 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 $1.2
billion and scheduled to be completed by 2014. Panama''s booming transportation
and logistics services sectors, along with aggressive infrastructure
development projects, have lead the economy to continued high growth in 2012.
Foreign investment, at around 10% of GDP in both 2011 and 2012, has continued
to be a source of growth. Strong economic performance has not translated into
broadly shared prosperity, as Panama has the second worst income distribution
in Latin America. About 30% of the population lives in poverty; however, from
2006 to 2012 poverty was reduced by 10 percentage points, while unemployment
dropped from 12% to 4.4% of the labor force in 2012. The US-Panama Trade
Promotion Agreement was approved by Congress and signed into law in October
2011, and entered into force in October 2012. Panama also achieved removal from
the Organization of Economic Development''s gray-list of tax havens by signing
various double taxation treaties with other nations Source
: CIA CORRECT COMPANY
NAME TRICON OVERSEAS INC. TAXPAYER
REGISTRATION RUC 15516331657469 MAIN ADDRESS East 53rd Street, Second Floor, Swiss bank Towers Panama DEPT/PROV/REGION/STATE Panamá COUNTRY PANAMA TELEPHONE (507) 2153150 COMMENTS This Company has been not found. It seems to be an OFFSHORE company. No telephone number was given on your order. The above address belongs to its Registered Agent. Hence, this report has been entirely prepared based on
data from public sources. EXECUTIVE
SUMMARY Date of
foundation 2009 Capital stock US$.10,000.= Dollars Chief
Executive TORRAS, IGNACIO Disposition REPORT PREPARED FROM OUTSIDE SOURCES. Number of times that this company was required: 2 LEGAL STATUS *** DATE OF
INCORPORATION 31MAR2009 PLACE OF
REGISTRY Panama NOTARY OFFICE 5th of the Circuit DURATION Perpetual REGISTRATION Card 657469, Doc 1551633, Not. Act 6136 CURRENT PAID-IN
CAPITAL US$.10,000.= Dollars CURRENT EXCHANGE
RATE (US$) B/.1.= per USD.1.00 COMMENTS Registered Agent:
ALEMAN CORDERO GALINDO & LEE FULL NAMES / COMPANY
NAME TITLE %PART. SINCE TORRAS, IGNACIO President FARRELL, RICHARD D. Director/Treasurer FRY, ANDREW Director/Secretary TORRAS, IGNACIO TITLE President NATIONALITY Panamanian ASSOCIATED AS
PER OUR DATABASE TO COMPANY TITLE TAX REG COUNTRY TRICON ENERGY INC. President 5013394317245 PANAMA FARRELL, RICHARD D. TITLE Director/Treasurer NATIONALITY Panamanian ASSOCIATED AS
PER OUR DATABASE TO COMPANY TITLE TAX REG COUNTRY TRICON ENERGY INC. Vice President/Treasurer 5013394317245 PANAMA BUSINESS HISTORY EDGARDO ELOY DIAZ and FERNANDO ANTONIO GIL signed the Articles
of Incorporation. Main activity It has been created to carry out in Panama or in any other
country, colony or foreign lands, business activities related to: purchase, sell,
transfer, dispose, negotiate, finance, exchange, possess, manage, grant or
request loans, give or take commissions, mortgage, pledge lease, use,
enjoyment, or antichresis any kind of property whether they are real estate,
chattels, shares or rights and to enter into contracts, and carry out all
actions, commercial operations and transactions by virtue of Law. LOCATION OTHER PREMISES Although the Company has established its registered
office at the domicile of ALEMAN CORDERO GALINDO & LEE., the Company
neither operates nor has offices in this country. The Registered Agent is authorized to keep and send
information to the Company. Disposition TF: REPORT PREPARED FROM OUTSIDE SOURCES. Information provided Since this is an offshore company, access to the
information relative to its activities and financials is restricted. We tried to get more information from its Registered Agent
(ALEMAN CORDERO GALINDO & LEE) but results were not successful. It is
important to comment that Registered Agents are not allowed to divulge
information about their clients under strict confidentiality agreements. Under such circumstances, we searched through different
sources to obtain information for this report. In short, Subject Company has been duly registered in
Panama but it does not have premises, offices (and usually no business) in
said country. This kind of companies have been created to take advantage
of the Panamanian tax system which exempts from taxes companies registered in
the territory and operating elsewhere. SALES US$ 0.00 () FINANCIAL
SITUATION UNDETERMINED Financial Condition of the Company is considered to be INDETERMINED
since no accounting figures were available to assess its current results. Absence or insufficient credit experience does not show
its creditworthiness. (Confidential Information) TRADE REFERENCES Comments : FOREIGN EXCHANGE RATES Currency Indian Rupees US Dollar 1 Rs.61.16 1 Rs.97.77 Euro 1 Rs.82.78 INFORMATION DETAILS Report
Prepared by : NIS 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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
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