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Report No. : |
325339 |
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Report Date : |
06.06.2015 |
IDENTIFICATION DETAILS
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Name : |
UNIDYE S.A |
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Registered Office : |
54th Street, P.O. Box 0832-0886, W.T.C. Panama, Republic of Panama |
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Country : |
Panama |
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Date of Incorporation : |
20.12.2013 |
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Legal Form : |
Sociedad Anónima |
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Line of Business : |
Wholesale of Chemicals. |
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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 |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 – December 31, 2014
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Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
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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 |
Company Name and address
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Legal Name: |
UNIDYE S.A. |
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Trade Name: |
NA |
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ID: |
821767 |
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Date Created: |
2013 |
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Date Incorporated: |
20/12/2013 |
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Legal Address: |
54th Street, P.O.
Box 0832-0886, W.T.C. |
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Operative Address: |
54th Street, P.O.
Box 0832-0886, W.T.C. |
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Telephone: |
507 205-5888 /
206-9400 |
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Fax: |
507 263-9218 |
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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: |
PRESIDENT, RICARDO
SAMANIEGO |
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Staff: |
0 |
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Activity: |
Chemical Wholesale |
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BANK DATA
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BANAMEX |
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The company
does not make its banking data public |
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HISTORY
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The company started
business in Panama in 2013 |
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PRINCIPAL ACTIVITY |
The company is dedicated
to the import and wholesale of chemical products mainly used for the textile
industry |
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Products/Services
description: |
Chemical Porducts |
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Brands: |
UNIDYE |
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Clients: |
Cecolor Medellin
S.A.S |
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Suppliers: |
NA |
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Operations area: |
National and
International |
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The company imports
from |
Taiwan |
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The company exports
to |
Latin America |
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The subject employs
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0 |
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Payments: |
Regular |
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LOCATION
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Headquarters : |
54th Street, P.O.
Box 0832-0886, W.T.C. |
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Comments: |
The company uses
its agent address to operate in Panama. However, it does not have any
employees operating in the country. |
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Branches: |
The company does
not have branches |
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Industry: |
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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 10,000.00 |
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Shareholders %: |
This is a private
company with foreign shareholders. |
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Management: |
PRESIDENT, RICARDO
SAMANIEGO |
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Subscribers: |
DUBRO LIMITED S.A. |
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Related Companies: |
No related
companies |
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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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UNIDYE is a
Panamanian company with only 2 years of experience as established in Panama. It is owned by
foreign shareholders, with the aim of importing and exporting to Latin
America. It does not operate
within the country manufacturing but uses its legal address to realice
commercial transactions, this may be highly related to the country’s
currency. |
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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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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. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
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US Dollar |
1 |
Rs.63.90 |
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|
1 |
Rs.97.98 |
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Euro |
1 |
Rs.71.82 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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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.