MIRA
INFORM REPORT
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Report Date : |
17.10.2007 |
IDENTIFICATION DETAILS
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Name : |
Q TRADE
INTERNATIONAL CORP. |
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Registered Office : |
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Country : |
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Date of Incorporation : |
07/09/1994 |
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Legal Form : |
Corporation -
Private |
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Line of Business : |
Importer and
distributor of organic teas and herbs. |
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. |
Small |
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Status : |
Small Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
IDENTIFICATION
& EXECUTIVE SUMMARY
Company Name: Q
TRADE INTERNATIONAL CORP.
Address:
City: COTO
DE CAZA
State/Province:
Zip Code: 92679
Country: UNITED
STATES
Telephone: 949
766-0070
Facsimile: 949
766-0090
As of:
Sales / Revenue:
Net Income:
Total Equity:
Number of Employees:
9
Legal Form: Corporation
- Private
Website: www.qtradeteas.com
Business Activity: The Subject is a importer and distributor
of organic teas and herbs.
NOTE TO CLIENT
Person Contacted:
Mr. Manik Jayakumar, President.
Our contact verified
all the information in this report.
NOTE: PLEASE BE
ADVISED THAT THE REQUESTED ADDRESS
LEGAL
Legal Form: Corporation -
Private
Since (D/M/Y): 07/09/1994
State/Province of
Incorporation: CA
Status: ACTIVE
Previous Legal Form:
Company is NOT
required to publish an annual financial report.
The Company is
incorporated in the State of
Corporation
Q TRADE INTERNATIONAL CORP.
Number: C1750319
Date Filed: 9/7/1994
Status: Active
Jurisdiction:
Address
COTO DE
Agent for Service of Process
DANILO P PICAR
Managers/Key
Personnel
Mr. Manik
Jayakumar President
Mr. Richard
Guzauskas Managing Director
Mr. Royce Van
Twest Director
AFFILIATED ENTITIES
Management reports
no affiliates or subsidiaries.
BANKS
Wells Fargo Bank
Telephone: 800
325-2424
Facsimile:
Account Number:
Account Manager:
The above bank
requires an account number and authorization from the Company which Management
declined to disclose.
Thus we cannot furnish
account reference 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
The Company was
forwarded a fax requesting financial information. Currently we have not received a response.
Outside sources provided no insight into the financial condition of the
Company.
HISTORY
Established by Manik
Jayakumar in 1994. Manik, a native of
CURRENT OPERATIONS
NAICS Code: 4224
Grocery and Related Product Wholesalers
Number of
Employees: 9
Business Activity:
The Subject is a
importer and distributor of organic teas and herbs.
The Company offers
Organic, Fair Trade, and Premium teas in
The Company's
variety of tea is imported directly from sources in over thirteen countries.
The heading address
is the Company's headquarters. There is a warehouse location at the following
address:
PUBLIC RECORD
A search of public
shows no suits, judgments or liens filed against the subject. We also conducted
a nationwide search with bankruptcy courts, which have revealed no record of a
firm by this name filing for bankruptcy.
GENERAL COMMENTS
Q Trade
International Corp is an importer and distributor of organic tea and herbs,
incorporated in 1994. No payment records were found and a search of public
records and bankruptcy courts revealed no derogatory information or record of
the Company filing a bankruptcy petition.
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%)