MIRA
INFORM REPORT
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Report Date : |
07.07.2007 |
IDENTIFICATION DETAILS
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Name : |
TEXTILE EQUIPMENT
SALES INC. |
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Registered Office : |
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Country : |
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Line of Business : |
It is believed that the company is engaged as a broker of new and used textile equipment. |
RATING & COMMENTS
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MIRA’s Rating : |
NR |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Undetermined |
IDENTIFICATION &
EXECUTIVE SUMMARY
Company Name: TEXTILE
EQUIPMENT SALES INC.
Trade Name(s): Textile
Trading Co
Address:
City:
State/Province:
Zip Code: 28075
Country: UNITED
STATES
Telephone: 704
455-9814
Facsimile: N/A
As of:
Sales / Revenue:
Net Income:
Total Equity:
Legal Form:
Website: No
web available
Business Activity: It is believed that the Company is
engaged as a broker of new and used textile
equipment.
NOTE TO CLIENT
Please note we were
unable to locate the Company with the information provided. See below for more
details.
The information in
the report was retrieved from outside sources and has not been confirmed.
IMPERATIVES
The North Carolina
Secretary of State Corporations Division has located a corporate registration
for Textile Equipment Sales Inc. (please see LEGAL).
We called the
Subject with the numbers provided several times. Unfortunately we were unable
to reach anyone. Messages were left. An outside source provided a cellular
telephone number; 704-455-9814 which was also contacted. This number reached
voice mail of Mr. Yaseen Valam, President.
If a response is received, an update will be provided accordingly.
We contacted several
neighbors near the location of the Subject:
Crescent Cabinets,
704-455-8108 (Left Message).
Mr. Jeff Plummer,
704-540-2964 (Left Message).
We have completed a
search with business registers and directories as well as an internet search which
failed to add any insight into the corporate structure, activities or financial
condition of the Firm.
Searching the
internet, no website was located for the Subject.
A payment record
could not be found for the Company at the provided address.
A search of public
with the North Carolina Secretary of State's Office revealed no Uniform
Commercial Codes, legal filings or other derogatory information.
This is a full
report.
LEGAL
Legal Form:
Previous Legal Form:
Company is NOT
required to publish an annual financial report.
Name: TEXTILE
EQUIPMENT SALES INC.
Name Type: Legal
SOSID: 0343116
Status:
Current-Active
Date Formed:
4/20/1994
Citizenship:
Domestic
State of
Duration: Perpetual
Registered Agent
Agent Name: Valam,
Yaseen
Principal Office
Address:
Managers/Key
Personnel
Mr. Yaseen
Valam President
CURRENT OPERATIONS
NAICS Code: 99
Unclassified Establishments
Business Activity:
It is believed that
the Company is engaged as a broker of new and used textile equipment.
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%)