MIRA
INFORM REPORT
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Report Date : |
10.07.2007 |
IDENTIFICATION DETAILS
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Name : |
ANDKHUY RUGS |
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Registered Office : |
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Country : |
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Date of Incorporation : |
2003 |
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Legal Form : |
Sole
Proprietorship |
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Line of Business : |
Engaged as a
wholesaler of hand made area rugs. |
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: ANDKHUY
RUGS
Address:
City:
State/Province:
Zip Code: 94114
Country: UNITED
STATES
Telephone: 415
552-2511
Facsimile: 415
552-2514
Founded (D/M/Y): / /2003
In KUSD As of:
31/12/2006
Sales /
Revenue: 150
Net Income:
Total Equity:
Number of Employees: 1
Legal Form: Sole
Proprietorship
Website: No
website
Business Activity: The subject is engaged as a wholesaler
of hand made area rugs.
NOTE TO CLIENT
Person
Contacted: Mr. Karimi Sattar- Owner
LEGAL
Legal Form: Sole Proprietorship
Previous Legal Form:
Company is NOT
required to publish an annual financial report.
FICITIOUS NAME
REGISTRATION
Name: ANDKHUY RUGS
Address:
County:
The Firm was
established around 2003 as a sole proprietorship owned/operated by Mr Karimi
Sattar.
FILING INFORMATION
Filing Date:
04/22/2003
OWNER INFORMATION
Name: MR KARIMI
SATTAR
Managers/Key
Personnel
Mr. Karimi
Sattar Owner
AFFILIATED ENTITIES
The are no known
affiliated businesses or companies.
BANKS
Bank of
Telephone:
800-346-7693
Facsimile:
415-343-9301
Account Number:
Account Manager:
The above name was
provided by management, however a bank account number was not provided. The above bank requires an account number to
furnish a bank reference. Management has
been sent a written request for detailed bank information, if a response is
made the reference will be contacted and the report will be amended.
PAYMENT HISTORY
Andkhuy Rugs is not a
seeker of local trade credit and as such a significant payment record could not
be developed
FINANCIAL INFORMATION
FINANCIAL FIGURES
Year-End
(D/M/Y): 31/12/2006 31/12/2005 31/12/2005
Consolidated Consolidated
Sales /
Revenues 150 500 -
A written request
has been forwarded to the subject for financial statements. If he responds then the report will be amended
at that time. Management has reported
that for 2006 annual sales were US $150,000, however they were not profitable.
CURRENT OPERATIONS
NAICS Code: 421
Wholesale Trade, Durable Goods
Number of
Employees: 1
Business Activity:
The subject is
engaged as a wholesaler of hand made area rugs.
The above location
is the headquarters and sole location for the Subject.
TRADE REFERENCES
Management has
agreed to provide supplier references. If
they respond the reference will be contacted and the information will be
forwarded on immediately. Please note that it is our experience that these
requests could take several days before they respond.
PUBLIC RECORD
A Nationwide search
of search of public and bankruptcy courts revealed no Uniform Commercial Codes,
tax liens, legal actions or bankruptcy filings under the Subject's name.
GENERAL COMMENTS
Andkhuy Rugs is a
business operating as a retailer and wholesaler of hand made area rugs. The
subject is not a seeker of local trade credit, therefore no payment record
could be obtained. A search of public records and bankruptcy courts revealed no
derogatory information filed against the Company nor any bankruptcies filed by
the Company.
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%)