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Report No. : |
333376 |
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Report Date : |
27.07.2015 |
IDENTIFICATION DETAILS
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Name : |
GENERATION SOLUTIONS CORP. |
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Registered Office : |
Via Ricardo J. Alfaro The Century, Ciudad De Panama |
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Country : |
Panama |
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Date of Incorporation : |
25.07.2012 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Subject is an International Business Company incorporated in Panama
for tax purposes. |
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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 |
|
|
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 : |
Moderate |
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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
|
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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Order: |
Generation
Solutions Corp |
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Address in the
order: |
Via Recardo J
Alfarothe Central Tower Piso 4 Oficina 402-62 Cuidad De Panama |
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Legal Name: |
GENERATION
SOLUTIONS CORP. |
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Trade Name: |
GENERATION
SOLUTIONS CORP. |
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ID: |
775581 |
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Date Created: |
2012 |
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Date
Incorporated: |
25/07/2012 |
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Legal Address: |
VIA RICARDO J.
ALFARO THE CENTURY, CIUDAD DE PANAMA, Panama |
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Operative
Address: |
VIA RICARDO J.
ALFARO THE CENTURY, CIUDAD DE PANAMA, Panama |
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Telephone: |
(507) 832-5567 |
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Fax: |
(507) 360-5530 |
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Legal Form: |
Corporation for
Profit |
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Email: |
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Registered in: |
Panama |
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Website: |
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Contact: |
ICAZA,
GONZALEZ-RUIZ & ALEMAN |
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Staff: |
0 |
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Activity: |
IBC |
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|
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BANKS |
Central Bank of
Panama |
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The company
maintains no credit lines with any national bank |
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History: |
|
|
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The company was
established in 2012 |
PRINCIPAL
ACTIVITY
|
|
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GENERATION
SOLUTIONS 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: |
PROMOTORA DE
ENERGIA ELECTRICA DE CARTAGENA Y COMPANIA SOCIEDAD EN COMANDITA POR ACCIONES |
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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 |
NA |
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The subject
employs |
The company does
not have any employee in Panama. |
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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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Comments: |
NA |
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Branches: |
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: |
The company is
owned by foreign shareholders. Despite our long search, we could not confirm
its major holders. |
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Management: |
PRESIDENT, LUIS
E. MONTAÑO G. |
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|
Directors |
|
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Suscribers |
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FINANCIAL
INFORMATION
|
|
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The
company does not make its financial figures public. There are
no financial connected to the subject |
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LEGAL
FILINGS
|
|
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There are no
legal for 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. It is registered
in Panama for tax purposes and does not operate within the country. It is
managed by a resident registration agent. |
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RISK
INFORMATION
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DEBTS |
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PAYMENTS |
Unknown |
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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 information on the subject ofr privacy reasons. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.89 |
|
|
1 |
Rs.99.10 |
|
Euro |
1 |
Rs.70.12 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
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|
|
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Report Prepared
by : |
SDA |
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 |
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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 |
|
<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.