MIRA
INFORM REPORT
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Report Date : |
25.08.2008 |
IDENTIFICATION
DETAILS
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Name : |
PAZ INGREDIENTS INCORPORATED |
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Registered Office : |
33828 Sea Bright Drive, Dana Point, CA 92629 |
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Country : |
United States |
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Date of Incorporation : |
02.25.1999 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Wholesaler of Dairy Products and Specially Cheese. |
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 15,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Company name
PAZ INGREDIENTS INCORPORATED
Address
33828 Sea Bright
Drive, Dana Point, CA 92629 - USA
Telephone : 949-443-2384
Fax : 949-443-2385
Website : --
summary
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Corporate
ID# : State : Judicial
form : Date
founded : Stock : Value: Name of manager: |
C2155394 California Corporation – Profit 02-25-1999 - - Mark PAZ |
ACTIVITIES & OPERATIONS
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Business Staff: |
The Company is wholesaler of dairy products and specially cheese. Imports from Europe and sells to retailers and distributors in
California. 3 |
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Operations & branches: |
At above address, we find a warehouse and office, on lease. |
SHAREHOLDERS & MANAGERS
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Shareholders : |
Mark PAZ is the owner. |
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Management : |
Mark PAZ is the President and CEO As far as we know, he is they are not involved in other local
business. |
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Subsidiaries
& Partnership : |
None |
FINANCIALS
In United States, privately held corporations are not required to
publish any financials.
On a direct call, a Secretary controlled the present report but deferred
any financials.
However, sales estimate for year 2007 is in the range of USD 550,000=
The business is profitable.
Banks
Wells Fargo Bank
LEGAL FILINGS
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Legal
filings & complaints : |
As of today date, there is no legal filings pending with the District Courts. |
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Secured
debts summary (UCC) : |
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MARKET ANALYSIS & FORECAST
In the State of California, during the year 2007:
- 88% of the corporations in same branch were developing the business on
a low risk of late payment,
- 4%, on a medium risk, and
- 8% on a high risk of late
payment.
- 76% of them saw sales stable versus last 3 years
- 4% declining
- 20% growing.
A high percentage of late payment may indicate that companies in this
industry are experiencing cash flow problems, that suppliers generally accept
late payment as part of doing business, or that on-time payment is not
customary in this industry.
Companies entering such markets should not expect to be paid on time.
The market appears to be stable.
COMPANY CREDIT HISTORY
According to our credit analysts, during the last 6 months, 93% of trade
experience indicates a regular payment.
Payments of imports are currently made with an average of 3 to 5 days
beyond terms.
The Company maintains a regular business.
The banks and financial institutions confirmed a regular account.
The risk is low.
Our opinion:
A business connection may be conducted.
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CREDIT REQUIRED |
MAXIMUM CREDIT |
OUR CREDIT RATE |
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Maximum |
USD 15,000= |
Acceptable |
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.43.38 |
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UK Pound |
1 |
Rs.81.34 |
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Euro |
1 |
Rs.64.55 |
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%)