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Report No. : |
353795 |
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Report Date : |
11.12.2015 |
IDENTIFICATION DETAILS
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Name : |
NULI CORP. |
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Registered Office : |
Av 5 Norte Enrique Geenzier, El Cangrejo No 17-140. Panamá, Panamá |
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Country : |
Panama |
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Date of Incorporation : |
05.01.2012 |
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Legal Form : |
Sociedad Anónima |
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Line of Business : |
IBC (International Business Company) |
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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 |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Small Company |
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Payment Behaviour : |
Slow but correct |
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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
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Panama |
A2 |
A2 |
|
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.
|
Source
: CIA |
STATUTORY INFORMATION
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|
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Legal Name: |
NULI CORP. |
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Trade Name: |
NULI CORP. |
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ID: |
779640/2240460 |
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Date Created: |
2012 |
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Date
Incorporated: |
05/01/2012 |
|
Legal Address: |
Av 5 Norte
Enrique Geenzier, El Cangrejo No 17-140. Panamá, Panamá |
|
Operative
Address: |
Av 5 Norte Enrique
Geenzier, El Cangrejo No 17-140. Panamá, Panamá |
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Telephone: |
(507) 2635400 |
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Fax: |
(507) 2693589 |
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Legal Form: |
Sociedad Anónima |
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Email: |
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Registered in: |
Panama |
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Website: |
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Contact: |
DUDLEY &
ASOCIADOS |
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Staff: |
0 |
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Activity: |
IBC
(International Business Company) |
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BANKS |
Scotiabank |
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The company does
not make its banking data public |
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History: |
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The company was
established in 2012 |
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PRINCIPAL ACTIVITY
|
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NULI CORP. 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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Sales are: |
NA |
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Clients: |
LABORATORIO PROFESIONAL FARMACEUTICO S.A. Colombia GENFAR S.A. Colombia ALLIANZ GROUP INTERNATIONAL SAS Colombia |
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Suppliers: |
NA |
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Operations area:
|
NA |
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The company
imports from |
NA |
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The company exports
to |
Colombia |
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The subject
employs |
The company does
not have any employee in Panama |
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Payments: |
Slow but correct |
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|
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LOCATION
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Headquarters : |
The company does
not operate in the country. It would use its |
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Branches: |
NA |
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Related
Companies: |
NA |
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GROUP STRUCTURE AND SUBSIDIARY COMPANIES
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|
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Listed at the
stock exchange: |
NO |
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Capital: |
USD 10,000.00 |
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Shareholders: |
This is a private
company. We could not confirm major Holders. |
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Management: |
PRESIDENT,
MIGUEL ANGEL DUDLEY PORRAS |
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Agent: |
DUDLEY &
ASOCIADOS |
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FINANCIAL INFORMATION
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This is a private
company which does not make its financials public. |
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There are no
financial for the subject |
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LEGAL FILINGS
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There are no
lega for the subject |
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SUMMARY |
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This is an International
Business Company which belongs to a |
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RISK INFORMATION
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DEBTS |
Controlled |
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PAYMENTS |
Slow but correct
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CASH
FLOW |
Normal |
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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 any data on the subject due to privacy reasons. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.79 |
|
|
1 |
Rs.101.37 |
|
Euro |
1 |
Rs.73.46 |
|
USD |
1 |
Rs.66.70 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
TRI |
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|
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Report Prepared
by : |
TPT |
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 |
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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.