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Report No. : |
349917 |
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Report Date : |
20.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
UNIVERSAL ZONA LIBRE, S.A. |
|
|
|
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Registered Office : |
Local 3 Calle 15, Avenida D, Edificio Parvani, 320047 |
|
|
|
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Country : |
Panama |
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|
|
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Date of Incorporation : |
26.12.2000 |
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|
|
|
Legal Form : |
Sociedad Anónima |
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|
|
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Line of Business : |
Wholesale of personal and home products. |
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|
|
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No. of Employee : |
23 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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|
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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 |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
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
|
|
|
Legal Name: |
UNIVERSAL ZONA
LIBRE, S.A. |
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Trade Name: |
Universal
ZL |
|
ID: |
393284 |
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Date Created: |
2000 |
|
Date
Incorporated: |
26/12/2000 |
|
Legal Address: |
Local 3 Calle
15, Avenida D, Edificio Parvani, 320047 Panama |
|
Operative
Address: |
Local 3 Calle
15, Avenida D, Edificio Parvani, 320047 Panama |
|
Telephone: |
(507) 433-0239 /
433-0238 |
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Fax: |
(507) 447-0411 |
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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: |
No website |
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Contact: |
PRESIDENT, SARITA
KUMAR MIRPURI DE CHABLANI |
|
Staff: |
23 |
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Activity: |
Wholesale
Industry |
|
|
|
|
Banks: |
Banco Central de
Panama |
|
|
|
|
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The company does
not make its banking data public |
History
|
|
|
|
The company was
founded in 2000 |
PRINCIPAL
ACTIVITY
|
|
|
|
The company is
dedicated to the wholesale of personal and home products. |
|
Products/Services
description: |
Fans, Ornaments,
Hair. Ornaments. Accessories, dry goods in general |
|
Brands: |
UNIVERSAL ZL |
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Sales are: |
Wholesale |
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Clients: |
INDUSTRIAS INCA
S.A. |
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Suppliers: |
India, Asia |
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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 |
Colombia,
Ecuador |
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The subject
employs |
23 employees |
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Payments: |
Unknown |
LOCATION
|
|
|
Headquarters : |
Local 3 Calle
15, Avenida D, Edificio Parvani, 320047 Panama |
|
Branches: |
The company does
not have branches |
|
Related
Companies: |
There are no
related companies |
GROUP STRUCTURE AND SUBSIDIARY COMPANIES
|
|
|
Listed at the
stock exchange: |
NO |
|
Capital: |
USD 1,000,000.00 |
|
Shareholders: |
SARITA KUMAR
MIRPURI DE CHABLANI |
|
Management: |
PRESIDENT,
SARITA KUMAR MIRPURI DE CHABLANI |
FINANCIAL
INFORMATION
|
|
|
|
The company does
not make its financial statements public. |
|
|
|
|
|
There are no
financial figures connected to the subject. |
LEGAL
FILINGS
|
|
|
|
There are no
legal connected to the subject |
SUMMARY
|
|
|
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The company is
dedicated to the wholesale of personal and home products. |
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 |
|
|
|
|
INTERVIEW |
|
|
NAME |
Gregorio
Portugal |
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POSITION |
Administrative |
|
COMMENTS |
He confirmed staff,
address, managers, and activity. He refused to confirm more data due to
privacy reasons. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.11 |
|
|
1 |
Rs.101.03 |
|
Euro |
1 |
Rs.70.71 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAS |
|
|
|
|
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.