MIRA INFORM REPORT

Report No. :	335270
Report Date :	07.08.2015

IDENTIFICATION DETAILS

Name :	LABEAN INTERPRISES CORP.
Registered Office :	Calles 50 y Aquilino de la Guardia, Plaza Banco General, Piso 14, Apartado Postal 0823-05789
Country :	Panama
Date of Incorporation :	14.03.2008
Legal Form :	Sociedad Anonima
Line of Business :	Subject is an International Business Company
No. of Employee :	Not Available

RATING & COMMENTS

MIRA’s Rating :

Ca

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	International business 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 31, 2015

Country Name	Previous Rating (31.12.2014)	Current Rating (31.03.2015)
Panama	A2	A2

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 Trade 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 2016 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 completed a metro system in Panama City, valued at $1.2 billion in 2014. Panama's transportation and logistics services sectors, along with infrastructure development projects, have boosted economic growth; however, public debt surpassed $17 billion in 2014 because of excessive government spending and public works projects. Foreign direct investment 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. The US-Panama Trade Promotion Agreement was approved by Congress and signed into law in October 2011, and entered into force in October 2012.

Source : CIA

STATUTORY INFORMATION
Legal Name:	LABEAN INTERPRISES CORP.
Trade Name:	LABEAN INTERPRISES CORP.
ID:	607944
Date Created:	2008
Date Incorporated:	14/03/2008
Legal Address:	Calles 50 y Aquilino de la Guardia
	Plaza Banco General, Piso 14
	Apartado Postal 0823-05789
	Panama, Republic of Panama
Operative Address:	Calles 50 y Aquilino de la Guardia
	Plaza Banco General, Piso 14
	Apartado Postal 0823-05789
	Panama, Republic of Panama
Telephone:	507-302-7494
Fax:	507-302-7497
Legal Form:	SOCIEDAD ANONIMA
Email:	panama@tridenttrust.com
Registered in:	Panama
Website:	www.tridenttrust.com
Contact:	PRESIDENT, RAMON BARREIRO
Staff:	0
Activity:	IBC
BANK DATA
Banco Central de Panama
The company does not make its banking data public
HISTORY
The company was established in 2008
PRINCIPAL ACTIVITY
LABEAN INTERPRISES CORP. is an International Business Company incorporated in Panama for tax purposes. The company uses the registrant address but does not carry any operations in the country. It is not registered in Panama as being a local business company. It is not listed with the Panama commercial pages.
Products/Services description:	NA
Brands:	NA
Clients:	Productos Farmaceuticos SA De Cv
	Mexico
Suppliers:	YANCHENG HUIDA IMP. & EXP. CO., LTD
	China
	LABORATORIOS IMPERIALES SA DE CV
	Mexico
Operations area:	National and International
The company imports from	Mexico, China, Germany
The company exports to	Ukraine, Mexico
The subject employs	0
Payments:	Unknown
LOCATION
Headquarters :	The company does not operate in the country. It would use its address for tax purposes.
Branches:	No branches

GROUP STRUCTURE AND SUBSIDIARY COMPANIES
Listed at the stock exchange:	NO
Capital:	USD 10,000.00
Shareholders %:	This is a private company. Despite our long search, we could not find our shareholders.
Management:	PRESIDENT, RAMON BARREIRO
	TREASURY, CRISTINA MORANT
	SECRETARY, MELISSA COOPER
	Directors
	RAMON BARREIRO
	CRISTINA MORANT
	MELISSA COOPER
	Subscribers
	EDGARDO ELOY DIAZ
	FERNANDO ANTONIO GIL
Agent:	C/O Tt & Asociados - Trident Trust & Asociados
FINANCIAL INFORMATION
The company does not make its financial statements public.
There are no financial connected to the subject
LEGAL FILINGS
There are no legal connected to the subject
SUMMARY
This is an International Business Company which belongs to a company located in Panama.
It is registered in Panama for tax purposes and does not operate within the country. It is managed by a resident registration agent.
RISK INFORMATION
DEBTS	Controlled
PAYMENTS	Unknown
CASH FLOW	Normal
STATUS	Active
INTERVIEW
NAME	NA
POSITION	Agent
COMMENTS	They refused to confirm information on the subject ofr privacy reasons.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.63.76
UK Pound	1	Rs.99.60
Euro	1	Rs.69.71

INFORMATION DETAILS

Analysis Done by :	DIV
Report Prepared by :	ASH

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%)

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