MIRA INFORM REPORT

 

 

Report No. :

306775

Report Date :

12.02.2015

 

IDENTIFICATION DETAILS

 

Name :

SANRAJ INTERNATIONAL, S.A.

 

 

Registered Office :

Colon Free Zone / P.Io. Box 0302-00718, Colon Free Zone

 

 

Country :

Panama

 

 

Date of Incorporation :

06.04.2009

 

 

Legal Form :

Public Company

 

 

Line of Business :

Import and wholesale of textile goods.

 

 

No. of Employee :

5

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

 

 

Payment Behaviour :

Slow but correct

 

 

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

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 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

 

Legal Name:

SANRAJ INTERNATIONAL, S.A.

Trade Name:

SANRAJ INTERNATIONAL

RFC:

658183   

Date Created:

6 April 2009

Date Incorporated:

2009

Legal Address:

Colon Free Zone / P.IO. BOX 0302-00718, COLON FREE ZONE, PANAMA

Operative Address:

Colon Free Zone / P.IO. BOX 0302-00718, COLON FREE ZONE, PANAMA

Telephone:

507-6673-1058

Fax:

507-6673-1058

Legal Form:

Public Company

Email:

sanrajintl@gmail.com

Registered in:

Panama

Website:

No website

Manager:

Sanjay Kumar Pathak

Staff:

5

Activity:

Textile Goods

 

 

 

BANKS

 

  Banco Central de Panama

 

The company does not make its banking details public

 

 

 

HISTORY

 

 

The company was founded in 2009

 

 

 

PRINCIPAL ACTIVITY

 

The company is dedicated to the import and wholesale of tectile goods.

Products/Services description:

Fashion Accessories and Household, Textiles and Home Accessories

Brands:

SANRAJ

Sales are:

Wholesale

Clients:

TEXTILES FARHOOD S.A
Nicaragua

Suppliers:

Sulzro Suitings Pvt., Ltd.
India

Operations area:

National and International

The company imports from

India

The company exports to

Nicaragua

The subject employs

5 employees

Payments:

Regular

 

 

LOCATION

 

Headquarters :

Colon Free Zone / P.IO. BOX 0302-00718, COLON FREE ZONE, PANAMA

Branches:

The company does not have branches

Industry:

Companies in this sector serve as wholesale distributors of nondurable or durable goods, typically specializing by product.

For most distributors, demand is closely linked to local economic activity. The profitability of individual companies depends on efficient inventory management and order fulfillment operations. Large companies can supply customers with a wider range of goods and in more markets, but smaller distributors can compete successfully by carrying specialty products or providing add-on services.

The major segments of the US wholesale sector are distribution of nondurable goods (55 percent of industry revenue) and durable goods (45 percent). Leading categories of nondurable goods segments are groceries, petroleum products, and drugs. The largest durable goods categories are professional and commercial equipment, motor vehicles and parts, machinery, and electrical goods.

 

 

GROUP STRUCTURE AND SUBSIDIARY COMPANIES

 

Listed at the stock exchange:

NO    

Capital:

NA

Shareholders %:

This is a private company. The major holder is Sanjay Kumar Pathak.

Management:

LEONIDAS CESAR GONZALEZ MOJICA, agent
SANJAY KUMAR PATHAK, president
SANJAY KUMAR PATHAK, treasury
ARUNIMA PATHAK, secretary
RAJESHAWARI DEVI PATHAK, vocal
SANJAY KUMAR PATHAK, director
ARUNIMA PATHAK, director
RAJESHAWARI DEVI PATHAK, director
SANJAY KUMAR PATHAK, subscriber
ARUNIMA PATHAK, subscriber

Related Companies

No subsidiary companies

 

 

FINANCIAL INFORMATION

 

 

This is a private comapny which does not make its financial figures public.

 

 

LEGAL FILINGS

 

 

 

 

There are no legal connected to the subject

 

 

SUMMARY

 

 

The company is dedicated to the import and wholesale of tectile goods.

It has 6 years of experience in the market with a small sized strcuture.

It is active in business, managed by its founder and shows no negative.

There are recent records of imports, mainly from India.

 

 

RISK INFORMATION

 

 

 

DEBTS

Controlled

PAYMENTS

Regular

CASH FLOW

Normal

STATUS

Active

 

 

INTERVIEW

 

NAME

Arunima

POSITION

Administrative

COMMENTS

She confirmed address, activity. She refused to confirm any further data for confidential reasons.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.62.15

UK Pound

1

Rs.94.72

Euro

1

Rs.70.33

 

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

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

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%)

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.