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Report No. : |
306420 |
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Report Date : |
04.02.2015 |
IDENTIFICATION DETAILS
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Name : |
NULI CORP |
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Registered Office : |
AVE 5 Norte, Enrique Genzier No. 17-140 EL, Cangrejo |
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Country : |
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Date of Incorporation : |
05.09.2012 |
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Legal Form : |
International Business Company |
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Line of Business : |
This is an International Business Company [IBC] [We tried to confirm / obtain the detailed activity but the same is not
available from any sources] |
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No. of Employee : |
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Panama |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
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 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.
|
Source
: CIA |
STATUTORY INFORMATION |
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Legal Name: |
NULI CORP |
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Trade Name: |
NA |
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ID |
779640 |
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Date Created: |
2012 |
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Date
Incorporated: |
5 September 2012 |
|
Legal Address: |
AVE 5 Norte, Enrique
Genzier No. 17-140 EL, Cangrejo, Panama |
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Operative
Address: |
AVE 5 Norte,
Enrique Genzier No. 17-140 EL, Cangrejo, Panama |
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Telephone: |
(507) 2635400 |
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Fax: |
(507) 2693589 |
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Legal Form: |
International
Business Company |
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Email: |
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Registry Office:
|
Panama |
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Website: |
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Manager: |
DUDLEY &
ASOCIADOS |
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Staff: |
0 |
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Activity: |
This is an
International Business Company (IBC) |
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SIC Codes: |
NA |
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NAICS Codes: |
NA |
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BANKS |
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Name |
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This information
was not verified by the registered agent. |
HISTORY |
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The company was
incorporated 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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It employs |
The company does
not have any employee in Panama. |
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Sales are: |
NA |
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Clients: |
ALLIANZ GROUP
INTERNATIONAL LTDA |
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Competitors: |
NA |
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Suppliers: |
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The company
imports from |
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The company
exports to |
NA |
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Payments: |
NA |
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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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Size: |
NA |
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Property: |
NA |
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Branches: |
NA |
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Business
Overview: |
NA |
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GROUP STRUCTURE AND SUBSIDIARY COMPANIES |
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Listed at the
stock exchange: |
NO |
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Capital: |
NA |
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Shareholders |
The company is owned
by foreign shareholders. It may be related to: |
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Management: |
It is administrated
by the registered agent. |
|
|
FELIX GORDON,
Treasury |
FINANCIAL INFORMATION |
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This is a private
company which does not make its financial statements public. |
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The following
information has been provided by our private sources. |
|
USD 2013 |
|
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Turnover |
0 |
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Operating Income |
2 800 000 |
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Net Income |
700 000 |
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Net Worth |
4 200 000 |
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Bank Liabilities |
0 |
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Cash Flow |
Normal |
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LEGAL FILINGS |
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There are no
adverse legal information connected to the company. |
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FINAL REVIEW |
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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 |
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Indebtedness |
Controlled |
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Payments |
Unknown |
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Cash |
Normal |
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CALL |
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Interviewee |
Agent |
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Position |
Attorney |
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Comments |
The person
contacted refused to confirm data about this company. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.74 |
|
|
1 |
Rs.92.71 |
|
Euro |
1 |
Rs.69.94 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
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|
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Report Prepared
by : |
ANK |
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 |
|
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)
or its officials.