MIRA
INFORM REPORT
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Report Date : |
07.06.2007 |
IDENTIFICATION DETAILS
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Name : |
PRINCE METALS LLC |
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Registered Office : |
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Country : |
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Date of Incorporation : |
21/07/2006 |
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Legal Form : |
Limited Liability
Company |
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Line of Business : |
Exporter of steel
& scrap metal. |
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 : |
New & Small Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
IDENTIFICATION &
EXECUTIVE SUMMARY
Company Name: PRINCE
METALS LLC
Address:
City: ROSENBURG
State/Province:
Zip Code:
Country: UNITED
STATES
Telephone: 832
595-2500
Facsimile: 832
595-2501
As of:
Sales / Revenue:
Net Income:
Total Equity:
Number of Employees:
4
Legal Form: Limited
Liability Company
Website: No
website available
Business Activity: The Company engages as an exporter of
steel & scrap metal.
NOTE TO CLIENT
PERSON CONTACTED:
Mr. Mike Daradia,
Manager.
--
Mr. Daradia provided
the information found in this report. He declined the release of references or
financial information over the telephone.
A written request has been forwarded to his attention via fax. If a
response is received in the near future, we will forward an updated report at
that time.
LEGAL
Legal Form: Limited Liability
Company
Since (D/M/Y): 21/07/2006
State/Province of
Incorporation:
Status: ACTIVE
Previous Legal Form:
Company is NOT
required to publish an annual financial report.
Company
Information: PRINCE METALS LLC
Registration
Status: IN
GOOD STANDING NOT FOR DISSOLUTION OR
WITHDRAWAL through December 3, 2007
Registered
Agent: FIROZALI ROOPANI
File Number: 0800683937
Charter/COA
Date: July 21, 2006
Charter/COA
Type: Charter
Taxpayer
Number: 12052587941
Managers/Key
Personnel
Mr. Barketali
Roopani Managing Partner
Mr. Firozali
Roopani Partner
Mr. Mehdi
Sadruddin Partner
Mr. Mike
Daradia Manager
AFFILIATED ENTITIES
The Subject does not
report any affiliated companies or subsidiaries.
BANKS
Telephone:
Facsimile:
Account Number:
Account Manager:
A bank reference
could not be obtained.
PAYMENT HISTORY
A payment history
was not available for review at this time.
FINANCIAL INFORMATION
Financial
information could not be obtained at this time.
CURRENT OPERATIONS
NAICS Code: 42199
Other Miscellaneous Durable Goods Wholesalers
SIC Code: 5099
Number of
Employees: 4
Business Activity:
The Company engages
as an exporter of steel & scrap
metal.
The heading address
is the Company headquarters and sole location and serves as an administrative
office, warehouse, and distribution facility. The property is leased by the
Company.
PUBLIC RECORD
A search of public
failed to reveal any Uniform Commercial Codes, tax liens, legal actions, or bankruptcy
petitions at this time.
GENERAL COMMENTS
Prince Metals LLC,
incorporated in 2006 in
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%)