MIRA
INFORM REPORT
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Report Date : |
24.07.2007 |
IDENTIFICATION DETAILS
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Name : |
STONE GALLERY INTERNATIONAL CORP. |
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Registered Office : |
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Country : |
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Date of Incorporation : |
27/12/2006 |
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Legal Form : |
Corporation – Private |
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Line of Business : |
Engaged as an importer and wholesaler of granite. |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
New Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
IDENTIFICATION &
EXECUTIVE SUMMARY
Company Name: STONE GALLERY INTERNATIONAL CORP.
Address:
City:
State/Province:
Zip Code: 60143
Country: UNITED STATES
Telephone: 630 438-5100
Facsimile: 630 438-5101
As of:
Sales / Revenue:
Net Income:
Total Equity:
Number of Employees: 10
Legal Form: Corporation - Private
Website: No website available
Maj. Shareholder: Mr. Salvatore, LoDuca
Business Activity: The Company
is engaged as an importer and wholesaler of granite.
NOTE TO CLIENT
Person Contacted: Mr. Salvatore LoDuca, President.
LEGAL
Legal Form: Corporation
- Private
Since (D/M/Y): 27/12/2006
State/Province of Incorporation: IL
Status: ACTIVE
Previous Legal Form:
Company is NOT required to publish an annual financial report.
Entity Name STONE GALLERY INTERNATIONAL
CORPORATION
File Number 65266202
Status GOOD STANDING
Entity Type CORPORATION
Type of Corp DOMESTIC BCA
Incorporation Date 12/27/2006
State
Agent Name SALVATORE
LODUCA
Agent Change Date 12/27/2006
Agent Street Address 115
Agent Zip 60191
Duration Date PERPETUAL
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STOCK INFORMATION
Common Stock:
Dollar Value:
Authorized Shares: 10,000
Stock Issued: 1,000
Par Value: $0
Voting Rights: YES
Convertible: NO
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TAX INFORMATION
Corporate Tax Details:
Total Capital: $1,000
Managers/Key
Personnel
Mr. Salvatore, LoDuca
President
OWNERS
Mr. Salvatore, LoDuca % Majority
AFFILIATED ENTITIES
There are no affiliates, divisions or subsidiaries.
BANKS
Midwest Bank
Telephone: 630 516-3971
Facsimile: 630 516-9192
Account Number:
Account Manager:
The above bank requires an account number and authorization which
management declined to disclose. Thus, we cannot furnish account information.
PAYMENT HISTORY
The Company is not a seeker of local trade credit and as such a
significant payment record could not be developed.
FINANCIAL INFORMATION
Mr. Salvatore, LoDuca indicated the Company has not completed a full
fiscal cycle nor could he provide projected figures.
CURRENT OPERATIONS
NAICS Code: 421 Wholesale Trade, Durable Goods
Number of Employees:
10
Business Activity:
The Company is engaged as an importer and wholesaler of granite.
Applications include countertops, wall coverings, decorative pieces,
signage etc.
The heading address is the Company's headquarters and sole location
where it oversees day-to-day operations. The property is on a lease to own
basis, consisting of 20,000 square feet of office, showroom and warehouse
facilities.
TRADE REFERENCES
Supplier references were declined by management.
PUBLIC RECORD
A search of public in
GENERAL COMMENTS
STONE GALLERY INTRNATIONAL CORP. is relatively new company, incorporated
in December 2006. The Firm is engaged as an importer and wholesaler of granite.
The Subject is not a large seeker of local trade credit as a significant
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%)