MIRA
INFORM REPORT
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Report Date : |
29.06.2007 |
IDENTIFICATION DETAILS
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Name : |
Unique Oriental
Rugs, Inc. |
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Registered Office : |
Hickory Furniture
Mart, 2220 Hwy 70 Se, Ste 450, Hickory, North Carolina - 28602 |
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Country : |
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Date of Incorporation : |
21/05/2002 |
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Legal Form : |
Corporation –
Private |
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Line of Business : |
Retails hand woven
rugs. |
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 : |
Unknown |
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Litigation : |
Clear |
IDENTIFICATION &
EXECUTIVE SUMMARY
Company Name: Unique
Oriental Rugs, Inc.
Address:
2220 HWY 70 SE
City:
State/Province:
Zip Code: 28602
Country: UNITED
STATES
Telephone: 828
267-0808
Facsimile: 828
267-0828
As of:
Sales / Revenue:
Net Income:
Total Equity:
Legal Form: Corporation
- Private
Website: No
web site available
Maj.
Shareholder: Mr. Davoud Mostafaloo
Business Activity: The Subject retails hand woven rugs.
NOTE TO CLIENT
Slm 6/28/07
IMPERATIVES
The Subject appears
to be a well established retailer of hand woven Oriental Rugs, operating since
2002. No payment record could be developed. There are no legal filings, liens,
litigation or bankruptcy against the Company. The Subject is considered
responsible for normal business transactions.
LEGAL
Legal Form: Corporation -
Private
Since (D/M/Y): 21/05/2002
State/Province of
Incorporation: NC
Status: ACTIVE
Previous Legal Form:
Company is NOT
required to publish an annual financial report.
Unique Oriental
Rugs, Inc.
SOSID: 0631856
Status:
Current-Active
Date Formed:
5/21/2002
Citizenship:
Domestic
State of
Agent Name:
Mostafaloo, Davoud
Registered Office
Address:
310 40th Ave. Dr NW
Principal Office
Address:
2220 Hwy 70se, 4th
Flr,
Stock
Class Shares
Common 100000
Managers/Key
Personnel
Mr. Davoud
Mostafaloo President
OWNERS
Mr. Davoud
Mostafaloo % Majority
AFFILIATED ENTITIES
As far as could be
determined, there are no known affiliates or subsidiaries.
BANKS
Telephone:
Facsimile:
Account Number:
Account Manager:
Banking information
could not be obtained.
PAYMENT HISTORY
The Firm is not a
large seeker of local trade credit as a significant payment record could not be
developed.
FINANCIAL INFORMATION
The Company would
not disclose any financial information when contacted. Other outside sources
could not provide any further insight into the financial condition of this
Firm.
CURRENT OPERATIONS
NAICS Code: 4422
Home Furnishings Stores
NAICS Code: 332919
NAICS Code: 212231
Business Activity:
The Subject retails
hand woven rugs.
The heading address
is the headquarter and sole location for the Company.
TRADE REFERENCES
Trade references
could not be obtained at this time.
PUBLIC RECORD
Name Searched:
UNIQUE ORIENTAL RUGS
Debtor Address:
UNIQUE ORIENTAL RUGS, INC.
Secured Parties:
FEIZY IMPORT & EXPORT COMPANY, LTD.
Filing Date:
9/5/2002
Filing Number:
20020096875G
Filing Type: INITIAL
FILING
A search of bankruptcy
courts revealed no record of a Company by this name filing for bankruptcy.
GENERAL COMMENTS
The Subject appears
to be a well established retailer of hand woven Oriental rugs, operating since
2002. No payment record could be developed. There are no legal filings, liens,
litigation or bankruptcy against the Company. The Subject is considered
responsible for normal business transactions.
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%)