MIRA
INFORM REPORT
|
Report Date : |
27.02.2007 |
IDENTIFICATION
DETAILS
|
Name : |
ORIENT ORIGINALS INC. |
|
|
|
|
Registered Office : |
55 EDWARD HART DRIVE, JERSEY CITY, NEW JERSEY 07305
|
|
|
|
|
Country : |
United States |
|
|
|
|
Date of Incorporation : |
1985 |
|
|
|
|
Legal Form : |
-- |
|
|
|
|
Line of Business : |
Home furnishing merchant and wholesalers. |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
IDENTIFICATION &
EXECUTIVE SUMMARY
Company Name : ORIENT ORIGINALS
INC.
Address : 55
EDWARD HART DRIVE
City :
JERSEY CITY
State/Province : NEW
JERSEY
Zip Code :
07305
Country :
UNITED STATES
Telephone : 201
332-0072
Facsimile :
201 332-2611
Founded (D/M/Y) : / /1985
As of :
--
Sales / Revenue : --
Net Income : --
Total Equity : --
Number of Employees : 30
Legal Form : --
Website :
www.orientoriginals.com
Business Activity :
Orient Originals Inc., is a home furnishing merchant and wholesalers. The
Company
also supplies household textile product
mills.
NOTE TO CLIENT
Contact Person: Mr. Rituraaj Baijal
Position: President
Mr. Rituraaj Baijal responded to most general information; however, he
declined all financial details citing confidentiality and suggested a written
request. If he responds with further
information, the report will be amended.
The information in the report was retrieved from outside sources and has
not been confirmed by management.
Special Note: The Company's
website in currently inactive.
LEGAL
Legal Form:
Previous Legal Form:
Company is NOT required to publish an annual financial report.
The Company was incorporated in New Jersey under the following
registration:
Business Name: ORIENT
ORIGINALS, INC.
Report Date: 02/26/2007
Business ID Number: 0100278408
Sequence: 1059187
Business Type: DOMESTIC
PROFIT CORPORATION
Status: REINSTATED FOR TAXES
Filing Date: 11/13/1985
Home Jurisdiction: NJ
Stock Amount: 1000
DOR Suspension Start Date: 08/13/1996
DOR Suspension End Date: 04/14/1
Tax Suspension Start Date: Tax
Suspension End Date:
Annual Report Month: 11
Last Annual Report Filed: 08/24/2005
For Last Annual
Report Paid Year: 2004
Incorporator: MAHENDRA A. GANDHI
Agent: RITURAAJ
BAIJAL
Agent Address: 55
EDWARD HART DRIVE
JERSEY CITY, NJ 07305 - 0000
Office Address Status: Deliverable
Main Business Address: 55
EDWARD HART DRIVE
JERSEY CITY, NJ 07305
Principal Business Address: 55 EDWARD HART DRIVE
JERSEY CITY, NJ 07305
Managers/Key
Personnel
Mr. Rituraaj Baijal President
AFFILIATED ENTITIES
Mr. Rituraaj Baijal stated that there are no affiliated companies or
businesses.
BANKS
NJ
Telephone:
Facsimile:
Account Number:
Account Manager:
The name of the primary bank could not be learned either directly from
management or from outside sources.
PAYMENT HISTORY
BUSINESS
DATE LAST PAYMENT CREDIT BALANCE CUR 1- 31- 61-
CATEGORY
REPTD SALE TERMS $
$ % 30
60 90 91+ COMMENTS
---------- ----- ----- ------- --------
-------- --- --- --- --- --- --------
AIR TRANS
06-11 00-00 0000000 500
200 100 0 0
0 0 CUST 4 YR
AIR TRANS
06-11 00-00 NET 30 100 0
0 0 0 0 0
CUST 2 YR
BLDG MATRL 07-01 00-00 CREDIT 6000
500 100 0 0
0 0
BUS SERVCS 07-02 00-00 VARIED 100
100 100 0 0
0 0
CHEMICALS
07-02 00-00 NET 30 100 100
0 100 0 0
0
PACKAGING
07-01 04-12 NET 30 200 0
0 0 0 0 0
CUST 3 YR
TELECOM
07-02 00-00 NET 30 100 100
100 0 0 0
0
TRUCK DLR
07-02 00-00 CONTRCT 300
0 0 0
0 0 0
COMPUTERS
04-02 00-00 NET 30 0 0 0 0 0
0 0
FREIGHT
06-09 06-04 VARIED 13100 9700
0 0 0 0 100
GENERAL
05-02 04-07 NET 30 0 0 0 0 0
0 0 CUST 13 YR
SAFTY PROD 06-03 00-00 NET 30 0
0 0 0
0 0 0 CUST 1 YR
CURRENT QUARTER 7400
1000 95 5
0 0 0
Payment Trends
INDUSTRY BUSINESS
BALANCE CUR 1- 31- 61-
DATE
CUR DBT DBT $ % 30
60 90 91+
--------
--- --- --- -------- --- --- --- --- ---
20070200 0 9 1 1000 95 5
0 0 0
20070100
0 7 0 1000 100
0 0
0 0
20061200
0 7 1 900 94 6
0 0 0
20061100
0 6 1 800 92 8
0 0 0
20061000
0 5 1 1300 96 4
0 0 0
20060900
0 6 0 1400 100
0 0
0 0
Payment History - Quarterly Averages
BALANCE CUR 1- 31- 61-
QUARTER
YEAR DBT $ % 30 60
90 91+
-------- ------ ---
-------- --- --- --- --- ---
Fourth
2006 1 900 96 4 0
0 0
Third
2006 0 1400 98 2 0
0 0
Second
2006 0 900 100 0 0 0
0
First
2006 4 900 87 7 4
2 0
Fourth
2005 2 800 89 11 0
0 0
FINANCIAL INFORMATION
Mr. Rituraaj Baijal deferred all financial details via the telephone
interview. Outside sources report
annual sales for fiscal year end 2005 to be in the US$6 million range.
CURRENT OPERATIONS
NAICS Code: 42122 Home Furnishing Wholesalers
SIC Code: 5023
Number of Employees:
30
Business Activity:
Orient Originals Inc., is a home furnishing merchant and wholesalers.
The Company also supplies household textile product mills. In addition, the
Company also manufactures cushions and pillows.
The above address is the sole location for the Company's headquarters.
PUBLIC RECORD
-----------------------------------------------------------------------------
Name Searched: ORIENT ORIGINALS
Amount: $ 1,728.30
Case Type: CERT DEBT
Creditor: STATE OF NEW JERSEY
Date: 8/30/2006
Debtor Address: ORIENT ORIGINALS INC
55 EDWARD HART DR
JERSEY CITY, NJ 07305
SSN/EIN: 02-22677141
DLN: XXXXXXXXXXXXXXX
Debtors: ORIENT ORIGINALS INC
Filing Type: TAX LIEN
Number: DJ-223650-2006
Status: OPEN
-------------------------------------------------------------------------------
A nationwide search of bankruptcy courts revealed no derogatory
information or record of the Company filing a bankruptcy petition.
GENERAL COMMENTS
Orient Originals Inc., has been engaged in business for over 25 years.
The payment history is satisfactory and there is no record of the Company
filing a bankruptcy petition. There is one legal action lodged against the
Firm, the status is uncertain as no further information is currently available
at this time.
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/normal. |
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