MIRA
INFORM REPORT
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Report Date : |
14.08.2007 |
IDENTIFICATION DETAILS
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Name : |
H.R.K. GROUP, INC. |
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Registered Office : |
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Country : |
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Date of Incorporation : |
13/01/2005 |
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Legal Form : |
Private Company |
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Line of Business : |
Wholesaler of
stationery, office supplies, stainless steel, water coolers and other related
items. |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Small Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
IDENTIFICATION &
EXECUTIVE SUMMARY
Company Name: H.R.K.
GROUP, INC.
Address:
City:
State/Province:
Zip Code: 90058
Country: UNITED
STATES
Telephone: 714
931-5788
Facsimile: 323
826-9509
As of:
Sales / Revenue:
Net Income:
Total Equity:
Number of Employees:
2
Legal Form: Private
Company
Website: hrkgroupinc.com
Business Activity: The subject is a wholesaler of
stationery, office supplies, stainless steel, water coolers,
and other
related items.
NOTE TO CLIENT
Person Contacted:
Mr. Hardik Kachadiya, President
NOTE: REGARDING THE
REQUESTED ADDRESS
LEGAL
Legal Form: Private
Company
Since (D/M/Y): 13/01/2005
State/Province of
Incorporation: CA
Status: ACTIVE
Previous Legal Form:
Company is NOT
required to publish an annual financial report.
The Company is
incorporated in the State of
H.R.K. GROUP, INC.
Number: C2717575
Date Filed: 1/13/2005
Status: active
Jurisdiction:
Address
Agent for Service of Process
HARDIK R KACHHADIYA
Managers/Key
Personnel
Mr. Hardik
Kachadiya President
AFFILIATED ENTITIES
Management reports
no affiliates or subsidiaries.
BANKS
CA
Telephone:
Facsimile:
Account Number:
Account Manager:
The name of the
primary bank could not be obtained.
PAYMENT HISTORY
The Company is not a
seeker of local trade credit and as such a significant payment record could not
be developed.
FINANCIAL INFORMATION
The Company was
forwarded a fax requesting financial information. Currently we have not received a response.
Outside sources provided no insight into the financial condition of the
Company.
CURRENT OPERATIONS
NAICS Code: 4221
Paper and Paper Product Wholesalers
Number of Employees
: 2
Business Activity:
The subject is a
wholesaler of stationery, office supplies, stainless steel, water coolers, and
other related items.
The heading address
is the Company's headquarters and consists of 1,000 square feet of leased
space.
PUBLIC RECORD
A search of public shows
no suits, judgments or liens filed against the subject. We also conducted a
nationwide search with bankruptcy courts, which have revealed no record of a
firm by this name filing for bankruptcy.
GENERAL COMMENTS
H.R.K. GROUP, INC
was incorporated in 2005. The Subject is
a wholesale Stationery, Office Supply, Stainless Steel, Water Cooler, and
General Merchandise. No payment records were found and a search of public
records and bankruptcy courts revealed no derogatory information or record of
the Company filing a bankruptcy petition.
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 |
Unfavourable & favourable factors carry similar weight in credit
consideration. 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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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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%)