MIRA
INFORM REPORT
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Report Date : |
06.07.2007 |
IDENTIFICATION DETAILS
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Name : |
PRINCESS
INTERNATIONAL INC. |
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Registered Office : |
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Country : |
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Date of Incorporation : |
24/05/2000 |
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Legal Form : |
Corporation –
Private |
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Line of Business : |
Wholesaler of
general merchandise. |
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/normal. |
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: PRINCESS
INTERNATIONAL INC.
Address:
City:
State/Province:
Zip Code: 90650
Country: UNITED
STATES
Telephone: 562
407-0646
Facsimile: 626
422-8512
As of:
Sales / Revenue:
Net Income:
Total Equity:
Number of Employees:
3
Legal Form: Corporation
- Private
Website: N/A
Business Activity: The Firm is a wholesaler of general
merchandise.
NOTE TO CLIENT
Messages were left in
the general mailbox and a written request was faxed to management. If pertinent
information is returned, the report will be amended. All information in the
report is from outside sources and is unconfirmed by management.
LEGAL
Legal Form: Corporation -
Private
Since (D/M/Y): 24/05/2000
State/Province of
Incorporation: CA
Status: ACTIVE
Previous Legal Form:
Company is NOT
required to publish an annual financial report.
Corporation: PRINCESS INTERNATIONAL, INC.
Number: C2235722
Date Filed: 5/24/2000
Status: Active
Jurisdiction:
Address:
Agent for Service of Process
JUDE V PERERA
Managers/Key
Personnel
Mr. Dharshika
Dharmapala President
AFFILIATED ENTITIES
There are no known
affiliates or subsidiaries at this time.
BANKS
Bank Of
Telephone: 800-346-7693
Facsimile:
206-585-5455
Account Number:
Account Manager:
The bank requires an
account number to give financial information which was not supplied by
management.
PAYMENT HISTORY
The Firm is not a large
seeker of local trade credit as a payment record could not be developed.
FINANCIAL INFORMATION
Financial details
could not be obtained from management at this time. An outside source reports
annual sales to be in the US$175,000 range, however this could not be confirmed
with management.
CURRENT OPERATIONS
NAICS Code: 42
Wholesale Trade
Number of Employees
: 3
Business Activity:
The Firm is a
wholesaler of general merchandise.
The Firm offers a
variety of items including: furniture, jewelry, apparel, and cleaning products.
The Firm also provides rugs, linens, and household accessories.
The provided address
is the Firm's sole location and consists of 1,207 square feet of leased office
and warehouse space.
PUBLIC RECORD
No Uniform
Commercial Codes, tax liens or bankruptcy petitions were traced to the Firm.
GENERAL COMMENTS
The Firm
incorporated in 2000, engaged as an importer and wholesaler of miscellaneous products.
It is not a large seeker of local trade credit and as such a payment record
could not be developed. No derogatory
information was traced to the Firm.
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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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%)