MIRA INFORM REPORT

 

 

Report Date :

04.12.2007

 

IDENTIFICATION DETAILS

 

Name :

FORTUNE GLOBAL TRADING LLC

 

 

Registered Office :

4418 Pine Blossom Trl, Houston, Tx 77059-3144

 

 

Country :

United States

 

 

Date of Incorporation :

06/2004

 

 

Legal Form :

Institutions

 

 

Line of Business :

Brick, Stone and related Product

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

 

 

Payment Behaviour :

No Complaints

 

 

Litigation :

Clear

 

 

 

Company Information

 

 

FORTUNE GLOBAL TRADING LLC
4418 PINE BLOSSOM TRL
HOUSTON, TX 77059-3144
(832) 476-5495

Business Identification Number:

826204941

File Established:

06/2004

SIC code: 

BRICK, STONE, AND RELATED PRODUCT - 5032

 

Executive Summary

 

 

  Intelliscore for FORTUNE GLOBAL TRADING LLC

 

 

55.93

 

 

0-32.47

32.48-58.63

58.64-70.19

70.2-77.71

77.72-100

0

 

100

 

High risk

Low risk


MEDIUM TO HIGH RISK
35% of businesses indicate a higher risk of becoming seriously delinquent than this business

Key score factors:

LACK OF RECENTLY REPORTED TRADES

SMALL, IF ANY, RATIO OF REGULAR TRADES TO TOTAL TRADES

LENGTH OF CREDIT HISTORY GREATER THAN AVERAGE

FEW, IF ANY, RECENTLY ACTIVE ACCOUNTS



  Research Tips

Additional information may be available on this business.

Other recommended searches:

Order Public Record

 

Legal Filings and Collections

Bankruptcy filings:

0

Tax lien filings:

0

Judgment filings:

0

Total collections:

0

Sum of legal filings:

$0

UCC filings: details (FILED 10/06)

1

Cautionary UCC filings present?

Yes**



Trade Information

Monthly average DBT:

0

Highest DBT previous 6 months:

0

Highest DBT previous 5 quarters:

0

Total continuous trades:

0

Current continuous trade balance:

$0

Trade balance of all trades (2):

$100

Average balance previous 5 quarters:

$0

Highest credit amount extended:

$0

6 month balance range:

$0 - $0

** Cautionary UCC Filings include one or more of the following collateral: Accounts, Accounts Receivables, Contract Rights, Hereafter Acquired Property, Inventory, Leases, Notes Receivable or Proceeds.

 

 

 

Additional Payment Experiences

 

 

Trade Payment Experiences
(Trade Lines With an (*) after date are newly reported)

Account Status
Days Beyond Terms

 

Business
Category

Date
Reported

Last
Sale

 

Payment
Terms

 

Recent
High
Credit

 

Balance

Cur

1-30

31-60

61-90

91+

Comments

+AIR TRANS

02/2005

 

 

 

<$100

<$100

100%

 

 

 

 

 

 AIR TRANS

11/2006

 

NET 30

 

 

$0

 

 

 

 

 

CUST 1 YR

 

UCC Profile

 

The UCC Filings are summarized and listed below.

 

UCC Summary

Filings

Date Range

Year

Cautionary
UCCs**

Total
Filed

Released/
Term'd

Cont

Amended/
Assigned

JUL - PRESENT

 

2007

 

 

 

 

 

JAN - JUN

 

2007

 

 

 

 

 

JUL - DEC

 

2006

1

1

1

 

1

JAN - JUN

 

2006

 

 

 

 

 

JUL - DEC

 

2005

 

 

 

 

 

PRIOR TO JUL

 

2005

 

 

 

 

 

Total

 

1

1

1

 

1

 

** Cautionary UCC Filings include one or more of the following collateral: Accounts, Accounts Receivables, Contract Rights, Hereafter Acquired Property, Inventory, Leases, Notes Receivable or Proceeds.

 

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  UCC Filings

 

UCC FILED Date: 10/24/2006

Filing Number: 0600350945

Jurisdiction: SEC OF STATE TEXAS

Secured Party: WELLS FARGO BUSINESS CREDIT, A DIVISION CO DENVER 80274 174

Collateral: HEREAFTER AQUIRED PROP, INVENTORY, UNDEFINED


UCC AMENDED Date: 07/26/2006

Filing Number: 0600252181

Original Filing Date: 10/17/2005

Original Filing Number: 0500322033

Original Filing State: TX

Jurisdiction: SEC OF STATE TEXAS

Secured Party: WELLS FARGO BANK, NATIONAL ASSOCIATION TX SAN ANTONIO 78265

Collateral: INVENTORY, EQUIP, HEREAFTER AQUIRED PROP, UNDEFINED


UCC TERMINATED Date: 11/16/2006

Filing Number: 0600378913

Original Filing Date: 10/17/2005

Original Filing Number: 0500322033

Original Filing State: TX

Jurisdiction: SEC OF STATE TEXAS

Secured Party: WELLS FARGO BANK, NATIONAL ASSOCIATION TX SAN ANTONIO 78265

Collateral:  

 

Company Background Information

 

 

  Corporate Registration

 

THE FOLLOWING INFORMATION WAS PROVIDED BY THE STATE OF TEXAS

State of Origin: TX

Current Status: Active


Business Type: Institutions - Profit

Charter Number: 0800195819

State Tax ID: 32011244194


Agent: ZAHER AKBARALI

Agent Address: 4418 PINE BLOSSOM TRL HOUSTON, TX

 

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  Additional Company Background Information

 

Key Personnel

Principal(s): 

ZAHEER AKBARALI, DIRECTOR O

 

FIDAALI MITHIBORWALA, PRESIDENT


Operating Information

Business Type: Institutions


Primary SIC Code: BRICK, STONE, AND RELATED PRODUCT - 5032


Number of Employees: 14

Sales: $150,000

 

 

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

Unfavourable & favourable factors carry similar weight in credit consideration. 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

NR

In view of the lack of information, we have no basis upon which to recommend credit dealings

No Rating

 

 

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%)

 

 

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