MIRA INFORM REPORT
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Report Date : |
13.08.2008 |
IDENTIFICATION
DETAILS
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Name : |
UNIVERSAL METALS, INC. |
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Registered Office : |
98 Cutter Mill Road, Suite 428 N, Great Neck
NY, 11022 |
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Country : |
United States |
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Date of Incorporation : |
21.02.1997 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Manufactures primary
metal products. |
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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Maximum Credit Limit : |
USD 140,000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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REQUIRED CREDIT |
ADVISED CREDIT |
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MAXIMUM |
140,000 USD |
GEOPOLITICS
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POLITICAL DATA |
ECONOMIC DATA |
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FORM OF GOVERNMENT ECONOMIC RISK |
Federal
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CURRENCY BRANCH SITUATION |
USD Satisfying |
IDENTIFICATION
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Company Name: |
UNIVERSAL
METALS, INC. |
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Address: |
98 Cutter Mill Road, Suite 428 N, Great Neck
NY, 11022, USA |
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Phone: Facsimile: ID: State: Managers: |
+ 1 (516) 829-0896 + 1 (516) 829-0955 2115526 New York Pushpa Kochar, President |
Date founded: |
Feb 21, 1997
Corporation for Profit N.A. N.A. 5 employees |
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Legal form: |
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Stock: Value: |
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Staff: |
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Business: |
Manufactures primary metal products. |
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BANKS
Bank of India
BUSINESS
Operations:
Universal Metals Inc. is a private company located in Great Neck, New
York. Universal Metals Inc's line of business is manufacturer of primary metal
products.
Industry Overview:
Major products of the US manufacturing sector include transportation
equipment, computers, electronics, food, chemicals, machinery, and products
made of metal, plastic, and paper. Annual revenue for manufacturers of cars and
planes is about $600 billion; computers and electronics, $450 billion; food,
$425 billion; chemicals, $425 billion; machinery, $300 billion; metal products,
$250 billion; plastics, $165 billion; and paper, $150 billion. Annual revenue
of manufacturers equals that of the wholesale trade sector, and is four times
larger than healthcare and construction. The net output of the manufacturing
sector is about $1.5 trillion, or 16 percent of the US gross domestic product.
Manufacture usually involves transforming raw materials, including unfinished
products and components, into altered configurations, using energy, machines,
and labor. Raw materials may be minerals or other mined materials (iron ore,
petroleum feedstock); materials grown as crops (cotton, rubber, foods); or
materials that have already been processed (steel bars, plastic pellets,
electronic components, car subassemblies). The processes of transformation are
conducted with varying degrees of efficiency by different companies. Because of
relatively high US labor costs, manufacturers of labor-intensive products often
locate manufacturing plants in less-expensive countries.
SHAREHOLDERS – SUBSIDIARIES
– MANAGERS
The director of the company
is:
Pushpa Kochar, President.
He is also one of the main
shareholders.
FINANCIALS – COMMERCIAL TRENDS
AND FORECAST
Universal Metals Inc. does not publish
any financial statement.
However
our financial sources could provide us with the following information:
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Fiscal Year In USD |
12/31/2007 |
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Turnover |
7,000,000 |
LEGALS
0 Suits
0 Judgments
0 Liens
0 Collection Claims
Reported
0 NSF Cheques Reported
0 UCC Filings
RATING
Local credit bureau gave a correct credit rate.
The Company is in “good standing”.
This means that all local and federal taxes were paid on due date.
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The cash flow is correct.
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Payments are made on a regular basis.
Our final opinion:
This is a small company
working in worldwide.
A credit line may be
considered.
SUMMARY
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FINANCIAL SUMMARY |
DEBT COLLECTIONS
AND PAYMENTS |
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PROFITABILITY INDEBTNESS CASH |
Correct Controlled Correct |
PUBLIC PAYMENTS |
See above Regular |
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ADVISED CREDIT |
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140,000 USD |
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.42.67 |
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UK Pound |
1 |
Rs.80.92 |
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Euro |
1 |
Rs.63.71 |
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%)