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Report No. : |
337377 |
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Report Date : |
26.08.2015 |
IDENTIFICATION DETAILS
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Name : |
OILFIELD INTERNATIONAL EQUIPMENT AND SUPPLIES, INC. |
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Registered Office : |
11th Floor, Avenida Federico Boyd 51 |
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Country : |
Panama |
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Date of Incorporation : |
24.03.1982 |
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Legal Form : |
Incorporated Company |
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Line of Business : |
International Business Company. |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
International Business 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 31, 2015
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Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
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Panama |
A2 |
A2 |
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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 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.
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Source
: CIA |
STATUTORY
INFORMATION
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Order: |
OILFIELD INTERNATIONAL EQUIPMENT & SUPPLIES INC |
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Address in the order: |
Panama |
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Legal Name: |
OILFIELD INTERNATIONAL EQUIPMENT AND SUPPLIES, INC. |
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Trade Name: |
OIES |
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ID: |
87215 |
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Date Created: |
1982 |
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Date Incorporated: |
24-03-1982 |
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Legal Address: |
11th floor, Avenida Federico Boyd 51, Panamá |
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Operative Address: |
11th floor, Avenida Federico Boyd 51, Panamá |
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Telephone: |
507 303-0303 |
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Fax: |
507 303-0303 |
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Legal Form: |
Incorporated Company |
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Email: |
NA |
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Registered in: |
Panama |
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Website: |
www.gala.com.pa |
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Contact: |
HANY BANNA |
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Staff: |
0 |
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Activity: |
IBC |
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BANK
DATA
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Banco Central de Panama The company does not make its banking data public |
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HISTORY
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The company was established in 1982. |
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PRINCIPAL
ACTIVITY
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OILFIELD INTERNATIONAL
EQUIPMENT & SUPPLIES INC is an
International Business Company incorporated in Panama for tax purposes. |
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Products/Services description: |
NA |
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Brands: |
NA |
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Clients: |
NA |
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Suppliers: |
NA |
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Operations area: |
National and International |
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The company imports from |
NA |
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The company exports to |
NA |
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The subject employs |
0 |
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Payments: |
Unknown |
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LOCATION
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Headquarters : |
The company does not operate in the country. It would use
its address for tax purposes. |
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Branches: |
No branches |
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GROUP STRUCTURE AND SUBSIDIARY COMPANIES
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Listed at the stock exchange: |
NO |
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Capital: |
USD 7,000,000.00 |
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Shareholders %: |
This is a private company. It would be related to: OILFIELD INTERNATIONAL EQUIPMENT & SUPPLIES INC. Near Round About 10, Schlumberger Building Free Zone Area Dubai, Dubai, United Arab Emirates |
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Management: |
PRESIDENT, HANY
BANNA TREASURY, HATEM
SAMRA SECRETARIO EILEEN
HARDELL SUB-SECRETARY, IVANA
VUCKOVIC VICE-PRESIDENT, GLEN
SANSOM SUB-SECRETARY, AZLINA
JAAFAR SUB-SECRETARY, PAUL
ARCHER SUB-SECRETARY, LUIS
EDUARDO CESPEDES VICE-PRESIDENT, YASSER
ALLAM SUB-SECRETARY, LENY
AZMALINA ABDUL AZIZ SUB-SECRETARY, VIVEN
SIEW MIE CHAN Directors YASSER ALLAM HANY BANNA GLEN SANSOM Suscribers MARIO JULIO GALINDO
HEURTEMATTE RICARDO ALBERTO ARIAS |
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Agent: |
GALINDO, ARIAS Y LOPEZ. |
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FINANCIAL
INFORMATION
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The company does not make its financial statements public.
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There are no financial connected to the subject |
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LEGAL
FILINGS
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There are no legal connected to the subject |
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SUMMARY
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This is an International Business Company which belongs to
a company located in Panama.
The company has 33 years of incorporation in Panama with
high capital integrated. |
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RISK
INFORMATION
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DEBTS |
Controlled |
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PAYMENTS |
Unknown |
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CASH FLOW |
Normal |
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SUGGESTED CREDIT LINE |
USD 250 000 |
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STATUS |
Active |
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INTERVIEW
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NAME |
NA |
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POSITION |
Agent |
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COMMENTS |
They refused to confirm information on the subject of
privacy reasons. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
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US Dollar |
1 |
Rs.66.71 |
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|
1 |
Rs.105.10 |
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Euro |
1 |
Rs.77.11 |
INFORMATION DETAILS
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Analysis Done by
: |
RAS |
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Report Prepared
by : |
NIT |
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.