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Report No. : |
327182 |
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Report Date : |
18.06.2015 |
IDENTIFICATION DETAILS
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Name : |
INVERSIONES
NAGRANI S.A. |
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Registered Office : |
Santa Maria
Business District, Panama City |
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Country : |
Panama |
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Date of Incorporation : |
14.07.2008 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Subject is wholesaler
of diamonds and fine jewelry |
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No. of Employee : |
18 |
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 : |
Small Company |
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Payment Behaviour : |
No complaints |
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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 |
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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 |
STATUTORY INFORMATION
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|
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Legal Name: |
INVERSIONES NAGRANI S.A. |
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Trade Name: |
AA DIAMONZ |
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ID: |
624725 |
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Date Created: |
2008 |
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Date Incorporated: |
Date 14 July 2008 |
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Legal Address: |
Santa Maria Business District |
|
Panama City |
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|
Panama |
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Operative Address: |
Santa Maria Business District |
|
Panama City |
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|
Panama |
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Telephone: |
507-3074929 |
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Fax: |
507-3074929 |
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Legal Form: |
Joint Stock Company |
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Email: |
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Registered in: |
Panama |
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Website: |
www,aadiamondz.com |
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Contact: |
Anesh Nagrani |
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Staff: |
18 |
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Activity: |
Jewelry Industry |
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BANK DATA
Banco Central de Panama The company does not make its banking data public |
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HISTORY
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The company was established in 2008. |
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It is now operating at the PDE Building: |
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05-Jun-15 |
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The World Jewerly Hub (WJH) and Panama Diamond
Exchange (PDE) participated for the first time in JCK Jewelry Week 2015 Las
Vegas, US. |
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The fair, which ended on June 1, was attended by
various companies based in Panama, and that part of WJH and PDE, as Atit
Diamond Corporation, Ofer Mizrahi Diamonds Panama, Panamis Diamonds, Niru,
Tuvachi Diamonds Int ., Shlophili, PSD Diamond, MP Diamonds, De Viany
Jewelers, Yakubov Group Panama, Panama Dali Group Corp, Art Metal Fusion,
Akerman Diamond and AA Diamondz. |
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PRINCIPAL ACTIVITY
Wholesaler of diamonds and fine jewelry with certificate
of authenticity, and cultured pearls in 925 Italian. |
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Products/Services description: |
Gold jewelery with diamonds, pearls culivadas |
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Brands: |
AA DIAMONDZ |
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Clients: |
General Clientele |
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Suppliers: |
NA |
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Operations area: |
National and International |
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The company imports from |
Asia |
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The company exports to |
America |
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The subject employs |
18 employees |
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Payments: |
No Compílanos |
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LOCATION
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Headquarters : |
Edificio Panamá Diamond Exchange, office 111. |
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Santa María Business District,
Llano Bonito, Juan Díaz. |
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Panamá, República de Panamá. |
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Comments: |
The company is located at the World Jewerly Hub, PDE
Building. |
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Branches: |
The company does not have branches |
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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 %: |
This is a private company. Major holder is Anesh
Nagrani |
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Management: |
PRESIDENT, ANESH NAGRANI |
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TREASURY, SYDIA DEL CARMEN PRECIADO MARTINEZ |
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SECRETARY, DELIA DE LAS MERCEDES ORTEGA LEE |
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DIRECTORS: |
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ANESH NAGRANI |
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DELIA DE LAS MERCEDES ORTEGA LEE |
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SYDIA DEL CARMEN ORECIADO MARTINEZ |
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SUBSCRIBERS: |
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DEIBY CHIRU MARIOTA |
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SYDIA PRECIADO MARTINEZ |
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Related Companies: |
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PANCANAL TOURS,S.A. |
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ID: 651924 |
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Directors/ Officers |
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JUAN OSPINA, agent |
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ANESH NAGRANI, presidente |
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AJITKUMAR NAGRANI, tesorero |
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DELIA DE LAS MERCEDES ORTEGA
LEE, secretario |
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ANESH NAGRANI, director |
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DELIA DE LAS MERCEDES ORTEGA
LEE, director |
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AJITKUMAR NAGRANI, director |
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ANESH NAGRANI, subscriber |
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AJITKUMAR NAGRANI, subscriber |
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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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This is a jewelry store located at the PDE Building.
The building opened its doors in 2014 and is formed by various jewelry
suppliers. The company has various stores and is also connected
to DG Joyeros. There are no negative records for the subject, however;
we suggest monitoring the company for the following 12 months to check its
progress at this address. |
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RISK INFORMATION
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DEBTS |
Controlled |
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PAYMENTS |
No Compílanos |
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CASH FLOW |
Normal |
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SUGGESTED CREDIT LINE |
USD 20 000 |
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STATUS |
Active |
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INTERVIEW |
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NAME |
ANESH NAGRANI |
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POSITION |
Owner |
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COMMENTS |
He confirmed address, legal name, activity and
imports. He said he could not provide more information without knowing the
name of the inquiring party |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.11 |
|
|
1 |
Rs.100.32 |
|
Euro |
1 |
Rs.72.17 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
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|
|
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Report Prepared
by : |
ASH |
RATING EXPLANATIONS
|
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 |
|
<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.