MIRA
INFORM REPORT
|
Report Date : |
13.12.2008 |
IDENTIFICATION
DETAILS
|
Name : |
WORLDWIDE MATERIALS
SOURCING, L.L.C. |
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Registered Office : |
8700 Cunningham, Houston, TX 77041 |
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Country : |
United States |
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Date of Incorporation : |
08.05. 2000 |
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Com. Reg. No.: |
706809922 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Distributor of Oil Field Equipment. |
RATING &
COMMENTS
|
MIRA’s Rating : |
B |
|
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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Maximum Credit Limit : |
USD 50,000 |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Company
Name
WORLDWIDE MATERIALS
SOURCING, L.L.C.
Company acronym: --
Contact Information
|
Address |
8700 Cunningham Houston, TX 77041 USA |
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Telephone |
713-937-8470 |
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Fax |
713-937-8574 |
Registration Data
|
Date of Registration |
May 8, 2000 |
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Registration number |
706809922 |
|
Legal address |
8700 Cunningham Houston, TX 77041 USA |
|
Legal Form |
LLC |
Shareholders
with Shares
|
Shareholder Names |
Share% |
|
Vidya S. PURANIK 4423 Knightsbridge, Sugar Land, TX 77479 |
N/A |
|
Subhari S. PURANIK 4423 Knightsbridge, Sugar Land, TX 77479 |
N/A |
Board/Executive
|
Name |
Vidya S. PURANIK |
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Position within the company |
Director |
|
Name |
Subhari S. PURANIK |
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Position within the company |
Director |
Changes in
Registration Data
None recorded
Activities
(realistic and officials)
Distributor of oil field equipment.
Staff
|
Number of staff employed |
4 |
Export/Import
(Countries, goods and total values for the period)
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Imports From |
Europe, Far East |
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Exports To |
Worldwide |
Facilities
|
Rented |
office |
Bankers
|
Bank |
Bank of America |
Suppliers,
Partners
|
Suppliers |
Not known |
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Partners |
Not known |
Litigation,
Remarks on Payment
|
Litigation |
None Recorded |
|
Remarks on Payment |
No Complaints |
Financial
Information
|
Source |
Bank |
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Figures are |
Estimate |
|
Currency |
USD |
|
Months |
Sales Figures |
Sales |
|
12 |
31/12/2007 |
1,000,000= |
Reporter Comments
|
Comments |
Same management controls WORLDWIDE
OILFIELD MACHINE, INC. incorporated in Texas on April 24, 1980 – ID#
0051618000. |
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Local Reputation |
The company being investigated is believed by local reporters to be a Medium Trade Risk and to be
fair. 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 10 days
beyond terms. |
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MAX CREDIT |
USD 50,000= |
|
CREDIT REQUIRED |
MAXIMUM CREDIT |
|
Maximum |
USD 50,000= |
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.47.94 |
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UK Pound |
1 |
Rs.72.07 |
|
Euro |
1 |
Rs.64.70 |
RATING
EXPLANATIONS
|
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%)