MIRA
INFORM REPORT
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Report Date : |
19.11.2007 |
IDENTIFICATION
DETAILS
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Name : |
VISION INTERNATIONAL, INC. |
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Registered Office : |
2865 North Berkeley Lake Rd Ste 10, Duluth, Ga - 30096 |
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Country : |
United States |
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Date of Incorporation : |
29/06/1981 |
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Legal Form : |
Corporation - Private |
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Line of Business : |
Importer and wholesaler of home textile. |
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 : |
Exists |
IDENTIFICATION & EXECUTIVE
SUMMARY
Company Name: VISION
INTERNATIONAL, INC.
Trade Name:
Address: 2865
NORTH BERKELEY LAKE RD STE 10
City: DULUTH
State/Province: GA
Zip Code: 30096
Country: UNITED
STATES
Telephone: 770
418-1833
Facsimile: 770
717-9894
Founded (D/M/Y):
In K USD as of : 31/12/2006
Sales / Revenue: 13,000
Net Income: -
Total Equity: -
Number of Employees: 8
URL N/A
Legal Form: Corporation
- Private
Shareholder:
Business Activity: The
Firm is an importer and wholesaler of home textile.
NOTE TO CLIENT
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UPDATED : THE FOLLOWING INFORMATION WAS FORWARD BY THE FIRM VIA FAX AND
VOICE MAIL.
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LEGAL
Legal Form: Corporation
- Private
Incorporation State GA
Status: ACTIVE
Since (D/M/Y): 29/06/1981
The company is NOT required to publish an annual financial report.
The Firm is registered in Georgia under the following:
Name Name Type
VISION INTERNATIONAL, INC. Current Name
Control No.: J107604
Status: Active/Compliance
Entity Creation Date: 6/29/1981
Jurisdiction: GEORGIA
Principal Office Address: 4385 INTERNATIONAL BLVD, NORCROSS GA 30093
Registered Agent
Agent Name: REHAN SAYEED
Office Address: 4385 International Blvd, Norcross GA 30093
Agent County: Gwinnett
MANAGERS / KEY PERSONNEL
Mr. Rehan Sayeed Chief
Executive Officer
Mr. Qayum Mohammed Chief
Financial Officer
Mr. Sayeed Salman Chief
Operating Officer
AFFILIATED COMPANIES
There are no subsidiaries, divisions or other affiliated companies.
BANKS
Management declined to provide the name of the Firm's primary bank and
outside sources provided no additional information.
PAYMENT HISTORY
BUSINESS DATE LAST PAYMENT CREDIT BALANCE CUR 1- 31- 61-
CATEGORY REPTD SALE TERMS $ $ % 30 60 90 91+ COMMENTS
---------- ----- ----- ------- -------- -------- --- --- --- --- --- --------
ADVERTISNG 07-09 00-00 NET 30 0 0 0 0 0 0 0 CUST 3 YR
TRUCK DLR 07-09 00-00 CONTRCT 2300 0 0 0 0 0 0
AIR TRANS 06-11 00-00 NET 30 1600 200 51 0 49 0 0 COLLECTION
CURRENT QUARTER 2300 0 0 0 0 0 0
Payment Trends
INDUSTRY BUSINESS BALANCE CUR 1- 31- 61-
DATE CUR DBT DBT $ % 30 60 90 91+
-------- --- --- --- -------- --- --- --- --- ---
20070900 0 6 15 1100 0 100 0 0 0
20070800 0 6 0 2300 100 0 0 0 0
20070700 0 6 0 0 0 0 0 0 0
20070600 0 7 18 100 26 50 24 0 0
20070500 0 6 4 100 76 24 0 0 0
20070400 0 6 15 100 67 0 33 0 0
Payment History - Quarterly Averages
BALANCE CUR 1- 31- 61-
QUARTER YEAR DBT $ % 30 60 90 91+
-------- ------ --- -------- --- --- --- --- ---
Second 2007 0 0 0 0 0 0 0
First 2007 21 200 35 33 25 7 0
Fourth 2006 54 600 13 7 23 57 0
Third 2006 0 0 0 0 0 0 0
Second 2006 27 200 9 48 43 0 0
FINANCIAL INFORMATION
Fiscal Year End : In K USD
Year-End (D/M/Y) 31/12/2006
Income Statement Consolidated
Global Net Sales 13,000
FINANCIAL INDICATORS
Management did not provide financial statements, however a sales figure
for year end (12/31) 2006 was provided. The figure is in US$ millions.
CURRENT OPERATIONS
SIC Code:
NAICS Code: 421
Wholesale
Trade, Durable Goods
Number of Employees: 8
Business Activity:
The Firm is an importer and wholesaler of home textile.
The Firm imports a wide variety of home textiles such as curtails,
blankets, sheets and other linens. The Firm also offers apparel such as pants,
shirts, jeans and underwear.
The heading address is the Firm's sole location and consists of 27,000
square feet of rented office and warehouse facilities.
PUBLIC RECORD
Name Searched: VISION INTERNATIONAL INC
Debtor Address: VISION INTERNATIONAL, INC.
4385 INTERNATIONAL BLVD.
NORCROSS, GA 30093
Secured Parties: THE SUMMIT NATIONAL BANK
Filing Date: 9/1/2006
Filing Number: 06706009091
Filing Type: INITIAL FILING
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No unsettled tax liens or bankruptcy petitions were traced to the Firm, however there are legal actions filed against the Firm in public records. The status is uncertain as no further information is currently available.
COMMENTS
The Firm is a well established importer and wholesaler of home textiles. The payment record is satisfactory. No bankruptcy petitions were traced to the Firm. There were 2 very small tax liens
(both under $500) filed against
the Firm in public records, however it is believed that they have been paid and released. The status is uncertain as no further information is currently available. The
Firm is considered responsible for normal trade relations.
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. |
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%)