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Report No. : |
343706 |
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Report Date : |
06.10.2015 |
IDENTIFICATION DETAILS
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Name : |
TRICON OVERSEAS INC. |
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Registered Office : |
Swiss Bank Building (MMG Tower) 2nd Floor East 53rd Street, Marbella |
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Country : |
Panama |
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Date of Incorporation : |
31.03.2009 |
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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 Employees : |
Not Available |
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
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Panama |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
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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 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 2015 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 is also constructing a metro system in Panama City,
valued at $1.2 billion and scheduled to be completed by 2014. Panama's booming
transportation and logistics services sectors, along with aggressive
infrastructure development projects, have lead the economy to continued high
growth in 2012. Foreign investment, at around 10% of GDP in both 2011 and 2012,
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, while unemployment dropped from 12% to 4.5% of the labor force in 2013.
The US-Panama Trade Promotion Agreement was approved by Congress and signed
into law in October 2011, and entered into force in October 2012. Panama also
achieved removal from the Organization of Economic Development's gray-list of
tax havens by signing various double taxation treaties with other nations
|
Source
: CIA |
|
Legal
Name: |
TRICON OVERSEAS INC. |
|
ID |
657469 |
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Date
Created: |
2009 |
|
Date
Incorporated: |
March
31, 2009 |
|
Legal Address: |
Swiss Bank Building (MMG Tower) 2nd Floor
East 53rd Street, Marbella |
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Operative Address: |
NA |
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Telephone: |
(507)
269-2620 |
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Fax: |
(507)
263-5895 |
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Legal Form: |
Corporation
for Profit |
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Email: |
NA |
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Registry Office: |
Panama
|
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Website: |
NA |
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Manager: |
Ignacio
Torras |
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Staff: |
0 |
|
Activity: |
This is an International
Business Company incorporated in Panama for Tax Purposes. |
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SIC Codes: |
NA |
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NAICS Codes: |
NA |
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BANKS
|
|
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Name |
SCOTIA BANK |
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This
information was not verified by the registered agent. |
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HISTORY
|
|
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The company was incorporated in 2009. |
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PRINCIPAL
ACTIVITY
|
|
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TRICON OVERSEAS INC. is an International Business
Company incorporated in Panama for tax purposes. |
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Products/Services description: |
NA |
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It employs |
The company does not have any
employee in Panama. |
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Sales are: |
NA |
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Clients: |
NA |
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Competitors: |
NA |
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Suppliers: |
NA |
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The company imports from |
NA |
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The company exports to |
NA |
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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 uses its address for tax purposes. |
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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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Shares: |
10 000 |
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Shareholders
|
This is a private company with
foreign shareholders. Despite our long search, it could not be possible to
find its shareholder. |
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Management: |
PRESIDENT,
IGNACIO TORRAS |
|
It
is managed by the agent. |
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|
ALEMAN CORDERO GALINDO & LEE |
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Subscribers: |
EDGARDO ELOY DIAZ |
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Possible Related Company (not
confirmed): |
TRICON
OVERSEAS, INC |
FINANCIAL
INFORMATION
|
|
|
This is a private company which
does not make its financial statements public. |
|
|
USD 2013 |
|
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Operating Income |
3 200 000 |
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Net Income |
3 200 000 |
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Net Worth |
19 800 000 |
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Cash Flow |
Normal |
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LEGAL
FILINGS
|
|
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There are no legal/criminal
found for the subject |
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FINAL
REVIEW
|
|
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This is an International
Business Company which does not belong to a company located in Panama. It is
registered in Panama for tax purposes and does not operate within the
country. |
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RISK
INFORMATION
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|
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Status |
ACTIVE |
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Indebtedness |
Controlled |
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Payments |
Unknown |
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Cash |
Good |
CALL
|
|
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Interviewee |
NA |
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Position |
Agent |
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Comments |
The person contacted refused to
confirm any kind of information due to confidential reasons. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.29 |
|
|
1 |
Rs.99.31 |
|
Euro |
1 |
Rs.73.39 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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|
|
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Report Prepared
by : |
NIT |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.