MIRA INFORM REPORT

Report No. :	344818
Report Date :	17.10.2015

IDENTIFICATION DETAILS

Name :	OFIMAYOR.COM S.A.
Registered Office :	Corregimiento Ciudad De Panamá, Distrito Panamá, Provincia
Country :	Panama
Date of Incorporation :	25.03.2015
Legal Form :	Sociedad Anonima
Line of Business :	International Business Company (IBC)
No. of Employee :	Not Available

RATING & COMMENTS

MIRA’s Rating :

NB

RATING		STATUS	PROPOSED CREDIT LINE
--	NB	New Business	--

Status :	New business
Payment Behaviour :	Unknown
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

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
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
Comments :	Dear Sirs, The address provided in the order does not correspond to the company’s legal address. The Colon Free Zone is a free port located in Panama dedicated to re-exporting a wide variety of merchandise to Latin America and the Caribbean. It may be related to the company since this port is used for comercial purposes.
Legal Name:	OFIMAYOR.COM S.A.
Trade Name:	NA
ID:	155597932
Date Created:	2015
Date Incorporated:	25-Mar-15
Legal Address:	CORREGIMIENTO CIUDAD DE PANAMÁ, DISTRITO PANAMÁ, PROVINCIA PANAMÁ
Operative Address:	CORREGIMIENTO CIUDAD DE PANAMÁ, DISTRITO PANAMÁ, PROVINCIA PANAMÁ
Telephone:	NA
Fax:	NA
Legal Form:	SOCIEDAD ANONIMA
Email:	NA
Registered in:	Panama
Website:	alejandrojmm@ofimayor.com.ve
Contact:	ABRAHAM WOGINIAK, director / presidente
Staff:	0
Activity:	International Business Company (IBC)
BANKS
Banco Central de Panama
The company does not make its banking details public
History
The company was founded in 2015
PRINCIPAL ACTIVITY
This is an International Business Company incorporated in Panama for tax purposes.
The company uses the registrant address but does not carry any operations in the country.
It is not registered in Panama as being a local business company.
It is not listed with the Panama commercial pages.
Products/Services description:	NA
Brands:	NA
Sales are:	NA
Clients:	NA
Suppliers:	NA
Operations area:	NA
The company imports from	NA
The company exports to	NA
The subject employs	The subject does not operate in the country.
Payments:	Unknown
LOCATION
Headquarters :	The company uses its legal address to operate within the country.
Branches:	NA
GROUP STRUCTURE AND SUBSIDIARY COMPANIES
Listed at the stock exchange:	NO
Capital:	USD 10 000
Shareholders:	ID: J294607730
	NAME: OFIMAYOR.COM, C.A.
	ADDRESS: CALLE LIBERTAD RES TAMARINDO LOCAL 01 MARACAY ARAGUA Venezuela
	Capital: BsF. 250,000.00
	Shareholders:
	WOGINIAK, ABRAHAM 80.0 %
	MAYORGA, ALEJANDRO 20.0 %
Management:	ABRAHAM WOGINIAK, director / presidente
	ALEJANDRO MAYORGA, director / secretario
	JAISETH IRASEL MARTINEZ SOTO, suscriptor
	MARIA WOGINIAK, director / tesorero
	NATALIA KARINA VIDAL ZACHRISSON, suscriptor
	VIDAL ZACHRISSON & ASOCIADOS, agent
Agent:	VIDAL ZACHRISSON & ASOCIADOS
	CORREGIMIENTO CIUDAD DE PANAMÁ, DISTRITO PANAMÁ,
	PANAMÁ
FINANCIAL INFORMATION
The company does not make its financial figures public.
LEGAL FILINGS
There are no legal connected to the subject
SUMMARY
This is an International Business Company which belongs to a company located in Panama.
It is registered in Panama for tax purposes and does not operate within the country. It is managed by a resident registration agent.
The company has only 7 months of experience as founded in Panama. We suggest monitoring the subject for the following 12 months period.
RISK INFORMATION
DEBTS	Controlled
PAYMENTS	Unknown
CASH FLOW	Normal
STATUS	Active
INTERVIEW
NAME	NA
POSITION	Agent
COMMENTS	The agent refused to confirm any information for the subject.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.64.97
UK Pound	1	Rs.100.55
Euro	1	Rs.73.99

INFORMATION DETAILS

Analysis Done by :	KIN
Report Prepared by :	ASH

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%)

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