MIRA INFORM REPORT

Report No. :	502987
Report Date :	12.04.2018

IDENTIFICATION DETAILS

Name :	INTERNATIONAL TRADE AND SALES, INC. (INTRASA)
Registered Office :	Provincia Panamá
Country :	Panama
Date of Incorporation :	09.06.2003
Legal Form :	Anonymous society
Line of Business :	Subject is an International Business Company incorporated in Panama for tax purposes
No. of Employees :	Not Available

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23^rd January 2017)

MIRA’s Rating :

C

Credit Rating	Explanation	Rating Comments
C	Medium High Risk	Business dealings permissible preferably on secured basis

Status :	International business company
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

Country Name	Previous Rating (30.09.2017)	Current Rating (31.12.2017)
Panama	A2	A2

Risk Category	ECGC Classification
Insignificant	A1
Low Risk	A2
Moderately Low Risk	B1
Moderate Risk	B2
Moderately High Risk	C1
High Risk	C2
Very High Risk	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 and Panama is a center for offshore banking. Panama's transportation and logistics services sectors, along with infrastructure development projects, have boosted economic growth; however, public debt surpassed $37 billion in 2016 because of excessive government spending and public works projects. The US-Panama Trade Promotion Agreement was approved by Congress and signed into law in October 2011, and entered into force in October 2012.

Future growth will be bolstered by the Panama Canal expansion project that began in 2007 and was completed in 2016 at a cost of $5.3 billion - about 10-15% of current GDP. The expansion project more than doubled the Canal's capacity, enabling it to accommodate high-capacity vessels such as tankers and neopanamax vessels that are too large to traverse the existing canal. The US and China are the top users of the Canal.

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.

Source : CIA

Statutory Information
Order	INTERNATIONAL TRADES & SALES INC.
Address in the order	Urbanizacion obarrio, calle 53 yn picardon,arngan snab plaza primer p150 local 1A Guda
Legal Name	INTERNATIONAL TRADE AND SALES, INC. (INTRASA)
Trade Name	INTERNATIONAL TRADE AND SALES, INC. (INTRASA)
ID	ID
ID Details	(MERCANTIL) Folio Nº 434809 (S)
Creation Date	2003
Incorporation Date	09/06/2003
Legal Address	PROVINCIA PANAMÁ, PANAMÁ
Operative Address	URBANIZACION OBARRIO, CALLE 53 Y AV. RICARDO ARANGO, EDIF SNOB PLAZA PRIMER PISO, PANAMA
Telephone	(507) 264-8600 (Resident Agent)
Fax	(507) 264-2434 (Resident Agent)
Legal Form	Anonymous society
E-Mail	info@cedeymen.com (Resident Agent)
Registered In	PANAMA
Website	www.cedeymen.com (Resident Agent)
Contact	ANAYANSI AVILA VASQUEZ, President and Director
Staff	0 / The company does not have any employee in Panama
Activity	IBC

Banks

There are not informed banks

History
History	INTERNATIONAL TRADE AND SALES, INC. (INTRASA) was founded in 2003.

Principal Activity

General Description

INTERNATIONAL TRADE AND SALES, INC. (INTRASA) is an International Business Company incorporated in Panama for tax purposes.

The company uses the registrant address but does not carry any operation in the country.

It is not registered in Panama as being a local business company. It is not listed with the Panama commercial pages.

Service/Product Description

NA

Sales

NA

Operations Area

International

Imports From

Colombia and Mexico

Employees

0 / The company does not have any employee in Panama

Payments With Suppliers

Unknown

Brands

There are not informed brands

Clients

There are not informed clients

Suppliers
Supplier Name	Country	Comments
C.I. Farmacapsulas S.A.	COLOMBIA	NA
Veco SA de CV	MEXICO	NA

Location
Headquarters	URBANIZACION OBARRIO, CALLE 53 Y AV. RICARDO ARANGO, EDIF SNOB PLAZA PRIMER PISO, PANAMA
Branches	The company does not have branches

Group Structure and Subdiary Companies
Listed at the stock exchange	NO
Capital	USD 10,000.00
Shareholders (%)	This is a private company which does not make its shareholders public. We could not confirm major holders.
Management	ANAYANSI AVILA VASQUEZ, President and Director ZANYA SECOND Director and Treasurer Cedeño & Méndez, Resident Agent RITZA ALMENGOR, Director and Secretary IRMA LORENA MURILLO, Subscriber MIGUEL ANGEL CEDEÑO, Subscriber
Subsidiary Companies	NA
Related Companies	NA

Financial Information
Financial Figures	The company does not make its financial statements public. Despite our long search, we could not confirm financial figures for the subject.
Import Fob Dollar There are not Import Fob Dollar informed
Export Fob Dollar There are not Export Fob Dollar informed

Legal Filings
Lawsuits	No found.
Renewals	No. Of Entry: 60735/2003 (0) Type of Entry: Registration Type of Act: PACT, Qualification Rights State: Ready for delivery as Expended Procedure No. Of Entry: 125879/2008 (0) Type of Entry: Registration Type of Act: ACT, Qualification Rights State: Ready for delivery as Expended Procedure No. Of Entry: 181745/2015 (0) Type of Entry: Registration Type of Act: Minutes of the Mercantile Society, Qualification Rights State: Delivered as Processed Out of Stock No. Of Entry: 202674/2015 (0) Type of Entry. Registration Type of Act: Minutes of the Mercantile Society, Qualification Rights Sate: Delivered as Processed Out of Stock

Summary
Summary	Founded in 2003, INTERNATIONAL TRADE AND SALES, INC. (INTRASA) is an International Business Corporation. It is registered in PANAMA for tax purposes and does not operate within the country. It is managed by a resident registration agent. This has been an ACTIVE company incorporated in PANAMA in 2003.

Risk Information
Debts	Controlled
Payments	Unknown
Cash Flow	Normal
State	ACTIVE

Interview
First Name	NA
Position	NA
Comments	Despite we tried to contact the company several times, it never answered, so we could not confirm further information.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 65.13
UK Pound	1	INR 92.51
Euro	1	INR 80.59
	1	INR

Note : Above are approximate rates obtained from sources believed to be correct

INFORMATION DETAILS

Analysis Done by :
Report Prepared by :	KET

RATING EXPLANATIONS

Credit Rating	Explanation	Rating Comments
A++	Minimum Risk	Business dealings permissible with minimum risk of default
A+	Low Risk	Business dealings permissible with low risk of default
A	Acceptable Risk	Business dealings permissible with moderate risk of default
B	Medium Risk	Business dealings permissible on a regular monitoring basis
C	Medium High Risk	Business dealings permissible preferably on secured basis
D	High Risk	Business dealing not recommended or on secured terms only
NB	New Business	No recommendation can be done due to business in infancy stage
NT	No Trace	No recommendation can be done as the business is not traceable

NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.

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 are as follows:

· Financial condition covering various ratios

· Company background and operations size

· Promoters / Management background

· Payment record

· Litigation against the subject

· Industry scenario / competitor analysis

· Supplier / Customer / Banker review (wherever available)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.