MIRA
INFORM REPORT
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Report Date : |
24th
January, 2007 |
IDENTIFICATION DETAILS
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Name : |
JIREH
TRADING COMPANY |
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Registered Office : |
Rue
d'Italie No. 6, P.O. Box: 1210, |
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Country : |
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Date of Incorporation : |
1994 |
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Legal Form : |
Limited
Liability Company |
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Line of Business : |
Import
and Distribute General Merchandises |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
COMPANY NAME
JIREH
TRADING COMPANY
ADDRESS
Street : Rue d'Italie No. 6
P.O. Box
: 1210
Town :
Country :
Telephone :
(228) 918 2335 (mobile)
Fax : (228) 226 3624
E-Mail : jirehtradingco@yahoo.it
SENIOR COMPANY PERSONNEL
Name Position
Michael
Kelvin Managing Director
Total
Employees : 9 (as stated by subject)
PAYMENTS
Current
trade experience of payments has not been traced.
Subject
has declined to provide financial information or to reveal any details relative
to the extent of their operations.
Our
sources report that the name "Jireh Trading Company" cannot be traced
at the local Chamber of Commerce.
No full
address or telephone or fax numbers are listed for the subject under the name
"Jireh Trading Company" and subject's name does not appear in
reference books or trade directories consulted and is unknown in the local
market.
Subject's
PO Box number "BP 1210,
Local
sources advise that subject may be a fraudulent business.
Please
note that scammers and bogus companies are common in
They
will approach "potential" supplier and place a purchase order.
They
will ask to complete a product registration form and provide false contacts of
Ministry and lawyers, using the same procedure of false physical address,
mobile and fax numbers. They will then ask you to pay the cost of registration
and send well elaborated false documents.
Scammers
and bogus companies frequently use the following tactics:
- An
individual or company receives a letter or fax from an alleged
"official" representing a foreign
government or agency.
- An
offer is made to transfer millions of dollars in "over invoiced contract"
funds into your personal bank account.
- You
are encouraged to travel overseas to complete the transaction.
- You
are requested to provide blank company letterhead forms, banking account
information, telephone/fax numbers.
- You
receive numerous documents with official looking stamps, seals and logo testifying to the authenticity of the
proposal.
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Eventually you must provide up-front or advance fees for various taxes,
attorney fees, transaction fees or bribes.
- Other
forms schemes include: c.o.d. of goods or services, real estate ventures,
purchases of crude oil at reduced prices, beneficiary of a will, recipient of
an award and paper currency conversion.
Opinion
on maximum credit : In the circumstances we recommend international suppliers
deal on a strictly cash or prepaid basis.
Trade
risk assessment: No classification
It is
normal accepted practice for international suppliers to deal on secured terms
with
PRINCIPAL BANKERS
Subject
declined to name its bankers.
FINANCIAL INFORMATION
Balance
sheets are not available and the subject interviewed declined to give any
financial information, which the subject regards as strictly confidential.
LEGAL STATUS AND HISTORY
Date
Started : 1994
C.R. No.
: not given
Capital : not given
Subject
states to be a Societe a Responsibilite Limitee (limited liability company)
with the following sole shareholder :
Michael
Kelvin 100 %
ACTIVITIES
The
Subject is involved in the following activities :
Subject
states to import and distribute general merchandises
Subject
states to import from
FACILITIES
The
Subject has the following facilities :
Subject
states to have an office located at the heading address.
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/normal. |
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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