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Report Date : |
07.05.2014 |
IDENTIFICATION DETAILS
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Name : |
SANRAJ
INTERNATIONAL S.A. |
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Registered Office : |
San Francisco, Calle 73, Edif. Mandarín Bay |
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Country : |
Panama |
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Date of Incorporation : |
25.03.2009 |
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Com. Reg. No.: |
No.658183, Doc. 1556015 (06/04/09), Deed 437. |
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Legal Form : |
Joint-Stock Company |
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Line of Business : |
importer and trader of items of clothing and textiles for home. |
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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 : |
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 31, 2014
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Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
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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 Risk |
A2 |
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Moderate Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderate High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
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 one-fourth of the population lives
in poverty; however, from 2006 to 2012 poverty was reduced by 10 percentage
points, while unemployment dropped from 12% to 4.5% of the labor force in 2013.
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 |
IDENTIFICATION
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CORRECT COMPANY NAME |
SANRAJ
INTERNATIONAL S.A. |
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TAXPAYER REGISTRATION |
RUC 15560151658183 |
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MAIN ADDRESS |
San Francisco, Calle 73, Edif. Mandarín
Bay, |
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DEPT/PROV/REGION/STATE |
Panamá / Panamá |
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COUNTRY |
PANAMA |
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TELEPHONE |
(507) 66731058 |
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CORPORATE E-MAIL |
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NOTE
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The address on your order belongs to one of
Subject's branches; hence, the correct address of Subject’s head offices is
mentioned in our report. |
EXECUTIVE
SUMMARY
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Date of foundation |
2009 |
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Chief Executive |
KUMAR PATHAK, SANJAY |
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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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REPUTATION
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NOTHING AGAINST COMPANY |
LEGAL
STRUCTURE
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LEGAL STATUS |
Joint-Stock Company |
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DATE OF INCORPORATION |
25MAR2009 |
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PLACE OF REGISTRY |
Panama |
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NOTARY OFFICE |
No.1: First of the Circuit |
DURATION |
Perpetual |
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REGISTRATION |
No.658183, Doc. 1556015 (06/04/09), Deed
437. |
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INITIAL CAPITAL |
B/.10,000.= Balboas |
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CURRENT EXCHANGE RATE (US$) |
B/.1.= Balboa per US$1.= Dollar |
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COMMENTS |
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The Legal Representation is performed by the President, in his absence by the Secretary or the person appointed by the board of directors. |
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DIRECTORS
EXECUTIVES – SHAREHOLDERS |
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WHO
IS WHO?
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KUMAR PATHAK,
SANJAY |
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TITLE |
President |
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NATIONALITY |
Indian |
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PROFESSION |
Businessman |
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BACKGROUND INFORMATION |
In addition to be the President, he is also the Treasurer in SANRAJ INTERNATIONAL S.A. |
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PATHAK, ARUNIMA |
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TITLE |
Secretary |
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NATIONALITY |
Indian |
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BACKGROUND INFORMATION |
In addition to be the Secretary, he is part of the board of directors of SANRAJ INTERNATIONAL S.A. |
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DEVI PATHAK,
RAJESHAWARI |
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TITLE |
Member |
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NATIONALITY |
Indian |
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BACKGROUND INFORMATION |
In addition to be a Member, he is part of the board of directors of SANRAJ INTERNATIONAL S.A. |
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GONZALEZ MOJICA,
LEONIDAS CESAR |
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TITLE |
Registered Agent |
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NATIONALITY |
Panamanian |
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PROFESSION |
Lawyer |
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BACKGROUND INFORMATION |
Registered Agent |
BUSINESS
HISTORY
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Subject's articles of incorporation were signed by:- SANJAY KUMAR PATHAK- ARUNIMA PATHAK |
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BUSINESS
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SIC Classification |
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Main activity |
Subject is engaged in import and trading of items of clothing and textiles for home. |
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Import |
Yes |
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Comments |
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It was not possible to know the number of subject's workers. |
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FINANCIAL
INFORMATION
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Disposition |
Declined. Refused to answer impolitely. |
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Interviewee(s) |
Sanjay Kumar. |
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Position(s) |
President |
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Information provided |
He mentioned in a very rude manner that he was not interested in disclosing information considered confidential and added literally that he had no time to listen explanations, and even he refused to acept our data form to be analyzed.According to precedent, it is known that he is very suspicious and unwilling to disclose information on the company.Given these circumstances, this report was developed with information that was collected from external sources and our files, where it was not found any balance sheets or estimated figures.It should be emphasized that in Panama it is only possible to obtain financial information on public companies. Private companies are not obliged to provide their financial information, so it is only possible to obtain this information if the companies provide it voluntarily. |
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SALES |
US$ 0.00 () |
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FINANCIAL SITUATION |
UNDETERMINEDThis company's Financial Situation is deemed to be UNDETERMINED because it was not found any Financial Statements to carry out a proper analysis of its performance over the last fiscal year. There are no trade references, which does enable to determine its payment performance. Reticence in providing information under confidentiality policies makes sources to be unavailable. Public and private sources did not provide any information. This company is not quite transparent; therefore, caution is recommended. |
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Main fixed assets of the company (general detail) |
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It was not obtained information on insurances. |
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TRADE REFERENCES, CREDIT BUREAU,
LAWSUITS, BANKS
(Confidential Information) |
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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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We consulted various possible suppliers, but we could not obtain any references. |
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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.60.20 |
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UK Pound |
1 |
Rs.101.68 |
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Euro |
1 |
Rs.83.55 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
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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.