MIRA
INFORM REPORT
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Report Date : |
24.03.2007 |
IDENTIFICATION
DETAILS
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Name : |
GANDI
INNOVATIONS LLC |
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Registered Office : |
941 Isom Road, San Antonio, Texas 78261 |
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Country : |
United
States |
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Financials (as on) : |
31/12/2005
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Date of Incorporation : |
28/11/2000 |
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Legal Form : |
Limited
Liability Company |
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Line of Business : |
Manufacturers
of wide, large, inkjet, digital printers |
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: GANDI INNOVATIONS LLC
Address: 941 ISOM ROAD
City: SAN ANTONIO
State/Province: TEXAS
Zip Code: 78261
Country: UNITED STATES
Telephone: 210 344-9566
Facsimile: 210 344-9569
Legal Form: Limited Liability Company
Website: www.gandinnovations.com
As of: 31/12/2005
Sales / Revenue: 180,000,000
Net Income:
Total Equity:
Number of Employees: 300
Business Activity: Manufacturer
of wide, large, inkjet, digital printers.
NOTE TO CLIENT
PERSON CONTACTED: Ms.
Lydia Garay - Controller
NOTE: REGARDING REQUEST FOR A REPORT ON
GANDINNOVATIONS LOCATED AT 101 COMAC
STREET, RONKONKOMA, NY 11779. PLEASE BE ADVISED THAT THE CORRECT LEGAL
NAME FOR THIS FIRM IS GANDI INNOVATIONS INC.
The
provided address; 101 COMAC STREET, RONKONKOMA, NY 11779 is the Firms' new
manufacturing facility. We have provided a report on the headquarter address in
San Antonio, Texas.
CREDIT RECOMMENDATION: 150,000 CHF
The
amount noted may be within the Firm's capabilities, however in absence of
financial statements the Firm's condition could not be evaluated at this time.
Based on payment record, longevity and operating history, we believe the Firm
to be responsible for the amount up to and including 80,000 CHF. Should
management provide further financial information, then the report will be
amended and the recommendation revisited at that time.
LEGAL
Legal Form: Limited Liability Company
Since (D/M/Y):
28/11/2000
State/Province of Incorporation: TX
Status: ACTIVE
Previous Legal Form:
Company is NOT required to publish an annual financial report.
TEXAS SECRETARY OF STATE
Company Information:
GANDI INNOVATIONS LLC
941 ISOM RD
SAN ANTONIO, TX 78216-4136
Status: IN GOOD STANDING NOT FOR DISSOLUTION
OR WITHDRAWAL through May 15, 2006
Registered Agent: YAN YAN
70 EL PASO
SAN ANTONIO, TX 78204
State of Incorporation: TX
File Number: 0707889522
Charter/COA Date: November 28, 2000
Charter/COA Type: Charter
Taxpayer Number: 17429818325
Managers / Key Personnel
Mr. James Gandy
President
Subsidiaries include
Gandinnovations Canada
1636 Shawson Drive
Mississauga, Ontario, Canada
L4W 1N7
Tel: +1.905.564.6006
Fax: +1.905.564.9333
Gandinnovations S.A. De C.V.
Calzada De La Viga # 1989
Col. Prado Churubusco
C.P. 04230
Delegacion Coyoacan, Mexico D.F.
Tel: +52.55.55.82.68.08
Fax: +52.55.55.82.68.75
Gandinnovations bvba
Wayenborgstraat 19
2800 Mechelen
Belgium
Tel: +32 (0)15 - 460204
Fax: +32 (0)15 - 460205
Gandinnovations India
A-701,Nityanand Apts,
Behind Sri Krishna Avenue,
Kajupada, Borivali(E)
Mumbai, India 400 066
Home: 91(022)2897-0464
Fax: 91(022)2897-8242
Superwide Digital FZCO
E1-110 Eastwing DAFZA
P.O.Box 36159
Dubai, UAE
Tel: 971(04)299-6969
Fax: 971(04)299-4119
Superwide Persia
No. 23, 7th Floor
Sepidar Bld, Kavosifar st
Dr Beheshti Ave
Tehran - Iran
Tel: +98 (21) 875 70 77 8
Fax: +98 (21) 875 24 26
BANKS
Wells Fargo Bank
CA
Telephone:
Facsimile:
Account Number:
Account Manager:
The bank requires account numbers and signatures which could not
be obtained from management at this time.
PAYMENT HISTORY
BUSINESS DATE LAST PAYMENT CREDIT BALANCE CUR 1- 31- 61-
CATEGORY REPTD SALE TERMS $
$ % 30
60 90 91+ COMMENTS
---------- ----- ----- ------- --------
-------- --- --- --- --- --- --------
AIR TRANS 06-06 06-06 0000000 12300
12300 100 0 0
0 0 CUST 6 YR
BUS SERVCS 06-03 06-03 NET 30 0
0 0 0
0 0 0
BUS SERVCS 06-07 00-00 VARIED 100
0 0 0
0 0 0
FREIGHT 06-06 06-04 VARIED
2000 0 0
0 0 0 0
PACKAGING 06-06 00-00 NET 30
500 0 0
0 0 0 0 CUST
3 YR
TEMP HELP 06-06 00-00 NET 7 0 0 0 0 0
0 0
AIR TRANS 05-12 00-00 NET 30 0 0 0 0 0
0 0 CUST 1 YR
ELEC MFG 04-03 03-10 NET 30
100 0 0
0 0 0 0
FRGHT FWRD 05-09 00-00 NET 30 100
100 0 100 0
0 0
MISC MANUF 05-11 00-00 VARIED 3100
3100 0 0
0 0 100
ADMIN 05-05 00-00 CREDIT
0 0 0
0 0 0 0 CUST 37 YR
CURRENT QUARTER 14900 12300
100 0 0 0
0
Payment Trends
INDUSTRY BUSINESS
BALANCE CUR 1- 31- 61-
DATE CUR DBT DBT $ % 30
60 90 91+
-------- --- --- --- -------- --- --- --- --- ---
20060700 0 7 0 12400 100 0 0
0 0
20060600 0 6 0 14800 100
0 0
0 0
20060500 0 6 0 14700 100 0 0
0 0
20060400 0 6 0 12200 100 0 0
0 0
20060300 0 6 0 12300 99 1
0 0 0
20060200 0 6 0 100 100 0
0 0 0
Payment History - Quarterly Averages
BALANCE
CUR 1- 31- 61-
QUARTER
YEAR DBT $ % 30 60
90 91+
-------- ------ --- -------- --- --- --- --- ---
Second
2006 0
12600 100 0 0
0 0
First
2006 0 8300 99 1 0
0 0
Fourth
2005 0 0 0 0 0
0 0
Third
2005 0 0 0 0 0
0 0
Second
2005 0 0 0 0 0
0 0
FINANCIAL INFORMATION
FINANCIAL
FIGURES
Year-End
(D/M/Y): 31/12/2005 31/12/2005 31/12/2005
Consolidated
Sales /
Revenues 180,000,000 - -
Ms.
Lydia Garay declined to provide financial statements. A written inquiry was
also declined, therefore the Firm's condition could not be evaluated.
NOTE:
Due to the configuration of our systems, all sales must be viewed as consolidated.
The sales should be considered individual.
CURRENT OPERATIONS
NAICS
Code: 32311 Printing
Number
of Employees: 300
Business
Activity:
Manufacturer
of wide, large, inkjet, digital printers.
The
Company also offer components and accessories for the printers. They wholesale their products
internationally.
The
heading address is the corporate headquarters for the Company. There are several other locations:
101
COMAC STREET
RONKONKOMA,
NY 11779
TEL: 631
981-2019
FAX: 631
697-5780
PUBLIC RECORD
A
nationwide search of public and bankruptcy courts shows no Uniform Commercial
Codes, tax liens, legal actions or bankruptcy filings under the Subject's name.
GENERAL COMMENTS
Gandi Innovations
LLC is engaged as a manufacturer of wide, digital, inkjet printers. They
wholesale their products throughout the world. Their payment history generally
satisfactory. No other derogatory information was found.
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%)