THE KRELLER BUSINESS INFORMATION GROUP, INC.

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Aron Bryan
9 years ago
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1 LEGAL The subject is a Sociedad Anonima that was established on June STRUCTURE & 15, 1962, but was not incorporated until July 2, HISTORY Number of shares: 20,000 shares Capital: USD 0.00 State: NOTARIA PRIMERA DEL CIRCUITO (PANAMA) RUC: DV 76 Listed at the stock exchange: No Shareholders Parent Company(ies) Felipe Motta Jr. MANAGEMENT The subject has the following senior company personnel: Felipe Motta, Jr. Ricardo Motta Vallarino Raul Motta Vallarino Fernando Motta Vallarino Felipe Motta Vallarino Luis Carlos Motta Vallarino Gabriel Antonio Motta Vallarino President / Director Vice-President / Director Treasurer / Director Secretary / Director Director Director Director RELATED COMPANIES The following affiliated company was reported: Affiliates/Subsidiaries: Felipe Motta (Costa Rica) 1

MANAGEMENT The subject has the following senior company personnel: Felipe Motta, Jr.

2 ACTIVITIES The subject is engaged in the import and distribution of national and foreign liquors. The company also distributes cleaning products, bathroom products, home appliances etc. Sales are: Wholesale, retail. Brands: Chivas, Johnnie Walker, Don Q, Appleton, Bacardi, Flor De Caña, además manejan otras reconocidas como Terrazas, Chandon, Marqués de Riscal, Rioja Alta, Glorioso, Vallformosa, Banfi, Calvet, Viña Mayor, Lan, Beringer, Rosemount, among others. Operations area: National. The company imports from the USA, Europe and South America. The company exports to Costa Rica. There are a total of 200 employees. LOCATIONS The subject operates from their owned administrative offices, warehouse and sales area located at the heading address. Branches: Wine Store Costa del Este Centro Comercial Plaza Costa del Este Wine Store Dorado Centro Comercial Acuarela, a un costado de Friday's Wine Store Marbella Calle 53 Urb. Marbella 2

Brands: Chivas, Johnnie Walker, Don Q, Appleton, Bacardi, Flor De Caña, además manejan otras reconocidas como Terrazas, Chandon, Marqués de Riscal, Rioja Alta, Glorioso, Vallformosa, Banfi, Calvet,

3 Wine Store Metro Mall Avenida Domingo Díaz, Vía Tocumen Wine Store David, Chiriquí Plaza Terronal SALES & FINANCE As a private company the subject does not publish any financial statements. We have contacted Administration Officer, who refused to provide us any financial data on grounds of confidentiality. However, our financial sources could provide us with the following data. Those figures are estimates provided by confidential banking and financial institutions working with the company. USD 2011 Turnover 8,980,000 Operating Income 670,000 Net Income 590,000 Net worth 3,500,000 Bank liabilities 0 USD 2010 Turnover 4,290,000 Operating Income 290,000 Net Income 213,000 Net worth 600,000 Bank liabilities 0 3

However, our financial sources could provide us with the following data.

4 USD 2009 Turnover 4,700,000 Operating Income 231,000 Net Income 186,000 Net worth 350,000 Bank liabilities 0 USD 2008 Turnover 4,200,000 Operating Income 78,000 Net Income 59,000 Net worth 130,000 Bank liabilities 50,000 This financial information could not be verified with the company or public records. PUBLIC RECORDS The sources consulted record no detrimental legal or labor court information. PAYMENTS No collections or legal actions were traced against the subject during the course of this investigation. No unfavorable information with regard to the subject's commercial reputation was reported. Payments are: made on a 50 days basis - monitored over the last 12 months. The cash flow is correct The company has more than 49 years of experience, reporting steady activity and having shown positive development. They currently have 200 employees, for which it is considered a medium size company. The company commercializes very well-known 4

PUBLIC RECORDS The sources consulted record no detrimental legal or labor court information.

5 brands in its line of business worldwide. It has a sister company in Costa Rica for better market penetration in Central America. The company has almost doubled its revenue in the last year. The profitability is normal, the indebtedness is nil, the cash is also normal, and the payments are regular. Based on the information analyzed, we recommend a credit line for the maximum amount of US$ 300,000. BANKING The subject maintains relations with the following banks: BANCO NACIONAL DE PANAMA BANCO GENERAL It is generally not the policy of local banks to provide credit status information to non-bona fide applications, and interested parties would be advised to consult first with the subject if banker's references are required. SUMMARY The subject is a Sociedad Anonima that was established on June 15, 1962, but was not incorporated until July 2, The subject is engaged in the import and distribution of national and foreign liquors. The company also distributes cleaning products, bathroom products, home appliances etc. There are a total of 200 employees. As a private company the subject does not publish any financial statements. We have contacted Administration Officer, who refused to provide us any financial data on grounds of confidentiality. However, our financial sources reported a turnover of US$ 8,980,000 for 2011 along with US$ 4,290,000 for 2010 which decreased from US$ 4,700,000 in

Based on the information analyzed, we recommend a credit line for the maximum amount of US$ 300,000.

6 No collections or legal actions were traced against the subject during the course of this investigation. No unfavorable information with regard to the subject's commercial reputation was reported. Based on the information analyzed, we recommend a credit line for the maximum amount of US$ 300,000. This information is provided at your request. It cannot be guaranteed as accurate in that, The Kreller Business Information Group, Inc., its agents or associates have no practical opportunity to audit or confirm all source data. The Kreller Business Information Group, Inc. will not be held responsible for potential or actual cases that may occur from business decisions made subsequent to the receipt of this report. 6

Based on the information analyzed, we recommend a credit line for the maximum amount of US$ 300,000. This information is provided at your request.

American Citizen Services Unit Consular Section U.S. Embassy, Panama LIST OF ATTORNEYS IN THE PANAMA CONSULAR DISTRICT

American Citizen Services Unit Consular Section U.S. Embassy, Panama Public Hours: Monday, Tuesday and Thursday: 8:00 a.m. - 12:00 p.m., 1:30 p.m. 3:30 p.m. Wednesday: 8:00 a.m. 12:00 p.m. Friday: 8:00