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Report No. : |
343411 |
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Report Date : |
03.10.2015 |
IDENTIFICATION DETAILS
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Name : |
AMERICAN FASHION WEAR, S.A. |
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Registered Office : |
Ave. 6, Calle 7 Y 8 , France Field, Zona Libre De Colon, Colon |
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Country : |
Panama |
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Date of Incorporation : |
04.09.2012 |
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Legal Form : |
Sociedad Anónima |
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Line of Business : |
The company is
involved in Consumer Goods Wholesale. |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
International Business Company |
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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 |
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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 |
STATUTORY
INFORMATION
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Legal Name: |
AMERICAN FASHION WEAR, S.A. |
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Trade Name: |
AMERICAN FASHION WEAR |
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ID: |
779356 |
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Date Created: |
2012 |
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Date Incorporated: |
04/09/2012 |
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Legal Address: |
Ave. 6, Calle 7 Y 8 , France Field, Zona Libre De Colon, Colon Panama |
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Operative Address: |
Ave. 6, Calle 7 Y 8 , France Field, Zona Libre De Colon, Colon Panama |
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Telephone: |
31 0 205892651 (this telephone does not belong to Panama) |
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Fax: |
NA |
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Legal Form: |
Sociedad Anónima |
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Email: |
NA |
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Registered in: |
Panama |
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Website: |
NA |
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Contact: |
PRESIDENT, BOLIVAR CORTES PEREZ |
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Staff: |
0 |
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Activity: |
Consumer goods wholesale |
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BANKS |
Banco Central de Panama |
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The company does not disclose its banking details |
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History: |
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The company was established in 2012 |
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PRINCIPAL
ACTIVITY
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The company is involved in Consumer goods wholesale. This is an International Business Company
incorporated in Panama for tax purposes. |
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Products/Services description: |
Clothes , Footwear, Dress Fabrics, Paper and paperboard, Articles of
iron or steel |
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Brands: |
NA |
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Sales are: |
Wholesale |
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Clients: |
Retailers |
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Suppliers: |
GOLDEN TOP CO LTD |
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Operations area: |
National and International |
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The company imports from |
Vietnam |
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The company exports to |
Latin America |
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The subject employs |
The subject does not operate in the country. |
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Payments: |
Unknown |
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LOCATION
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Headquarters : |
The company uses its legal address to operate within the country. |
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Comments on location: |
The Colon Free Zone is divided into two areas. One bears the same name
and it most stores and showcases are concentrated. The other, France Field,
is used as a center for storage of goods and is close to the Manzanillo
International Terminal and Colon Container Terminal ports. |
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Branches: |
There are no branches related |
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GROUP
STRUCTURE AND SUBSIDIARY COMPANIES
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Listed at the stock exchange: |
NO |
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Capital: |
Currency: shares without par value. |
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Shareholders: |
This is a private company. We could not confirm major holders. |
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Management: |
PRESIDENT, BOLIVAR CORTES PEREZ |
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FINANCIAL
INFORMATION
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This is a private company which does not make its financial public. |
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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 an International Business Company which belongs to a company located in Panama. |
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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 |
This Corporation is in Good Standing |
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INTERVIEW |
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NAME |
NA |
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POSITION |
NA |
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COMMENTS |
There are no telephone numbers connected. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.55 |
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|
1 |
Rs.99.17 |
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Euro |
1 |
Rs.73.08 |
INFORMATION DETAILS
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Analysis Done by
: |
KIN |
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Report Prepared
by : |
TPT |
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.