MIRA
INFORM REPORT
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Report Date : |
13.07.2007 |
IDENTIFICATION DETAILS
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Name : |
SHAH TRADING
CORPORATION |
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Registered Office : |
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Country : |
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Date of Incorporation : |
23/12/1997 |
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Legal Form : |
Corporation –
Private |
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Line of Business : |
Importer and
distributor of all specialty items |
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 |
IDENTIFICATION &
EXECUTIVE SUMMARY
Company Name: SHAH
TRADING CORPORATION
Address:
City:
State/Province:
Zip Code: 60007
Country: UNITED
STATES
Telephone: 847
595-9999
Facsimile: N/A
As of:
Sales / Revenue:
Net Income:
Total Equity:
Number of Employees:
5
Legal Form: Corporation
- Private
Website: No
Website
Business Activity: The subject is engaged as a importer
and distributor of all specialty items from
NOTE TO CLIENT
Person Contacted:
Mr. Kaushik Shah, President. He verified limited information in regards to the
Company. He preferred a written request
for general information to be emailed top his personal email address,
ssugam@cs.com.
LEGAL
Legal Form: Corporation -
Private
Since (D/M/Y): 23/12/1997
State/Province of
Incorporation: IL
Status: ACTIVE
Previous Legal Form:
Company is NOT
required to publish an annual financial report.
Entity Name SHAH TRADING CORPORATION
File Number 59730142
Status GOOD STANDING
Entity Type
CORPORATION
Type of Corp
DOMESTIC BCA
Incorporation Date
(Domestic) 12/23/1997
State
Agent Name KAUSHIK M
SHAH
Agent Change Date
12/23/1997
Agent Street Address
Agent City
Agent Zip 60004
Duration Date
PERPETUAL
Annual Report Filing
Date 11/20/2006
For Year 2006
Managers/Key
Personnel
Mr. Kaushik
Shah President
AFFILIATED ENTITIES
There are no
affiliates or subsidiaries.
BANKS
IL
Telephone:
Facsimile:
Account Number:
Account Manager:
The name of the
primary bank could not be obtained either directly from management or from
outside sources.
PAYMENT HISTORY
BUSINESS
DATE LAST PAYMENT CREDIT BALANCE
CUR 1- 31- 61-
CATEGORY
REPTD
---------- ----- ----- ------- --------
-------- --- --- --- --- --- --------
FACTOR
07-06 02-12 NET 30 0 0
0 0 0
0 0 CUST
5 YR
FREIGHT
07-04 05-09 VARIED 300 0
0 0 0
0 0
PACKAGING
07-06 00-00 NET 30 0 0
0 0 0
0 0 CUST
7 YR
WAREHOUSE
07-05 07-05 VARIED 100 0
0 0 0
0 0 CUST
4 YR
AIR TRANS
05-09 05-09 100 0
0 0 0
0 0
CHEMICALS
05-10 05-09 NET 30 400 0
0 0 0
0 0
FOOD
06-08 04-07 VARIED 0 0
0 0 0
0 0 CUST
2 YR
TRANSPORTN 05-12 00-00 CONTRCT 700 700
0 0 50 0 50
CURRENT QUARTER 400 0
0 0 0
0 0
FINANCIAL INFORMATION
The Company was
forwarded a fax requesting financial information. Currently we have not
received a response. Outside sources consulted could not provide any insight
into the financial condition of the Firm.
CURRENT OPERATIONS
NAICS Code: 42
Wholesale Trade
Number of Employees
: 5
Business Activity:
The subject is
engaged as a importer and distributor of all specialty items from
Mr. Shah stated
there are no other branch locations or divisions. The heading address is their corporate
office.
PUBLIC RECORD
Name Searched: SHAH
TRADING CORPORATION
Amount: $ 8,265.69
Attorney: PRO SE
Case Name: ANITA
ASIAN FOODS
Case Number: 06M3
0002411
Creditor: SHAH
TRADING CORP
Debtors: ANITA ASIAN
FOODS
Filing Date:
9/29/2006
Type: JUDGMENT
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Name Searched: SHAH
TRADING CORPORATION
Amount: $ 8,265.69
Case Name: SHAH
TRADING CORP v. ANITA ASIAN FOODS
Case Number: 06M3
0002411
Defendant: ANITA
ASIAN FOODS
Filing Date:
9/1/2006
Plaintiff: SHAH
TRADING CORP
Type: CIVIL SUIT
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Name Searched: SHAH
TRADING CORPORATION
Party Address: 872
TYLERTON CIR
Amount: $ 8,265
Creditor: SHAH
TRADING CORP
Debtors: ANITA ASIAN
FOODS
Entered: 09/29/2006
Number: 06M3002411
Type: CIVIL JUDGMENT
--
We have also
conducted a nationwide search with bankruptcy courts, which have revealed no
record of a firm by this name filing for bankruptcy.
GENERAL COMMENTS
Shah Trading
Corporation was incorporated in 1997.
The company's line of business is wholesale groceries and no food goods
from
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%)