MIRA INFORM REPORT

 

 

 

Report Date :

01.12.2008

 

IDENTIFICATION DETAILS

 

Name :

SUNSHINE SWEETS & GROCERIES, LLC

 

 

Registered Office :

5424 56th Commerce Park Tampa, FL 33610

 

 

Country :

United States

 

 

Date of Incorporation :

30.09.2005

 

 

Legal Form :

L05000096140

 

 

Line of Business :

Importer and Wholesaler of Candy and Confectionery.

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

USD 20,000

 

 

Status :

Small Company

 

 

Payment Behaviour :

No Complaints

 

 

Litigation :

Clear

 

 

 

Company Name        

 

SUNSHINE SWEETS & GROCERIES, LLC

Company acronym:     --

 

 

Contact Information

 

Address

5424 56th Commerce Park

Tampa, FL 33610

USA

Telephone

813-630-2700

Fax

813-630-2775

 

Registration Data

 

Date of Registration

09-30-2005

Registration number

L05000096140

Legal address

5424 56th Commerce Park

Tampa, FL 33610

USA

Legal Form

LLC

 

 

Shareholders with Shares

 

Shareholder Names

Share%

Abdul Raouf DABUS

100

 

Board/Executive

 

Name

Abdul Raouf DABUS

Position within the company

Manager

 

He is also the manager of:

 

JAVA FOOD BAZAAR LLC

4702 E. Busch Blvd, Suite 105, Tampa FL 33167

Incorporated on 04-24-2007 under ID# L07000043605

 

JAVA SWEETS & DELI LLC

4702 E. Busch Blvd, Suite 105, Tampa FL 33167

Incorporated on 04-24-2007 under ID# L07000043624

 

JAVA TOBACCO LLC

5424 56th Commerce Park, Tampa, FL 33610

Incorporated on 04-07-2008 under ID# L08000035047

 

 

Changes in Registration Data

 

None recorded

 

 

Activities (realistic and officials)

 

The Company is importer and wholesaler of candy and confectionery.

 

 

Staff

 

Number of staff employed

5

 

 

Export/Import

(Countries, goods and total values for the period)

 

Imports From

Europe, Far East

 

Exports To

-

 

 

Facilities

 

Rented

Warehouse and office

 

Premises Size

2,000 sq. feet

 

 

 

Bankers

 

Bank

Bank of America

Branch

Tampa, FL

 

 

Suppliers, Partners

 

Suppliers

Not known

Partners

Not known

 

 

Litigation, Remarks on Payment

 

Litigation

None Recorded

Remarks on Payment

No Complaints

 

 

Financial Information

 

Source

Bank

Figures are

Estimate

Currency

USD

 

 

Months

 

Sales Figures

 

Sales

 

12

 

31/12/2007

 

1,000,000=

 

Reporter Comments

 

Comments

On a direct call, nobody accepted to answer our questions.

Local Reputation

The company being investigated is believed by local reporters to be a Medium Trade Risk.

 

According to our credit analysts, during the last 6 months, 86% of trade experience indicates a regular payment.

Payments of imports are currently made with an average of 5 to 10   days beyond terms.

 

 

MAX CREDIT

USD 20,000=

 

 

 

CREDIT REQUIRED

 

MAXIMUM CREDIT

 

Maximum

 

 

USD 20,000=

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.50.09

UK Pound

1

Rs.76.68

Euro

1

Rs.63.48

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average.

 

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

NR

In view of the lack of information, we have no basis upon which to recommend credit dealings

No Rating

 

 

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%)

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions