MIRA
INFORM REPORT
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Report Date : |
05.02.2008 |
IDENTIFICATION
DETAILS
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Name : |
TRANSNATIONAL PROCUREMENT AND LOGISTICS COMPANY |
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Registered Office : |
776 Easton Ln Elk Grove Village IL 60007 |
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Country : |
United States |
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Financials (as on) : |
31.12.2007 |
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Date of Incorporation : |
15.06.2005 |
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Legal Form : |
Corporation - Private |
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Line of Business : |
Exporter of Wood Products, Lugs and Lumber |
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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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
IDENTIFICATION & EXECUTIVE
SUMMARY
Company Name: TRANSNATIONAL PROCUREMENT AND LOGISTICS
COMPANY
Trade Name:
Address: 776 EASTON LN
City: ELK
GROVE VILLAGE
Founded (D/M/Y):
State/Province: IL
Zip Code: 60007
Sales / Revenue: -
Country: UNITED STATES
Net Income:
Telephone: 224 436-1131
Total Equity:
Facsimile: 847 895-6494
Number of Employees: 2
URL No
Website
Legal Form: Corporation - Private
Shareholder:
Business Activity: The Subject is an
exporter of wood products, lugs and lumber.
NOTE TO CLIENT
Person Contacted:
Mr. Bhavik G Patel, President, verified all the information in this report.
Special Question:
Please be advised
the Subject is located at the ordered address.
LEGAL
Legal Form: Corporation
- Private
Incorporation
State IL
Status: ACTIVE
Since (D/M/Y): 15/06/2005
The company is NOT
required to publish an annual financial report.
The Company is incorporated in the State of Illinois under the following registration:
Entity Name TRANSNATIONAL PROCUREMENT AND LOGISTICS COMPANY
File Number
64276638
Status: GOODSTANDING
Entity Type: CORPORATION
Type of Corp: DOMESTIC BCA
Incorporation Date: (Domestic) 06/15/2005
State: ILLINOIS
Register Agent:
BHAVIK G. PATEL
776 EASTON LN
ELKGROVE VILLAGE 60007
Agent Change Date 06/15/2005
Duration Date PERPETUAL
Annual Report Filing Date 04/26/2007
For Year 2007
MANAGERS / KEY PERSONNEL
Mr. Bhavik G Patel President
Mr. Gautam A Patel Secretary
AFFILIATED COMPANIES
There are no
affiliates or subsidiaries.
BANKS
Mutual Bank
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State/Province: |
IL |
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Country: |
UNITED STATES |
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Telephone: |
630 539-1270 |
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Account Manager: |
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Bank rating: |
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Account Number: |
330000993 |
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Open Since (D/M/Y): |
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Credit Facility: |
- |
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Overdraft Limit: |
- |
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Outstanding Amount: |
- |
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Bank Loans: |
- |
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Returned Checks: |
- |
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Average Account Balance: |
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The above bank requires
an authorization from the Company which was not provided by Management.
PAYMENT HISTORY
The Company is not a seeker of local trade credit and as such a significant payment record could not be develop.
No payment were found and a search of public records and bankruptcy courts revealed no derogatory
information or record of the Company filing a bankruptcy petition
FINANCIAL INFORMATION
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Year-End (D/M/Y) |
31/12/2007 |
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Income Statement |
Not Consolidated |
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Global Net Sales |
550,000 |
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Gross Profit |
100,000 |
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Operating Income |
80,000 |
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Taxes |
20,000 |
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Net Income (Loss) of the Year |
60,000 |
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Assets |
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Finished Goods |
85,000 |
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Inventories |
125,000 |
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Cash and Cash Equivalents |
10,000 |
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Total Current Assets |
220,000 |
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Total Assets |
220,000 |
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FINANCIAL INDICATORS
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Year-End (D/M/Y) |
31/12/2007 |
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Quick Ratio |
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Current Ratio |
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Return on Sales |
0.10 |
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Return on Assets |
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Return on Equity |
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Debt to Equity |
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Solvency |
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A/R Turns |
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Mr. Patel provided
the above financial information which has not been audited and are expressed in
actual USD. The total liabilities and net equity were not provided.
CURRENT OPERATIONS
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SIC Code: |
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NAICS Code: |
4213 |
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Lumber and Other Construction Materials Wholesalers |
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Number of Employees: |
2 |
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Business Activity: |
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The Subject is an exporter of wood products, lugs and lumber. |
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The heading address is the Company's sole location. |
TRADE REFERENCES
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Applichom Forest Product |
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Address: |
Bruckham, WV
(USA) |
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Amount Outstanding: |
- |
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Telephone: |
304 473-11056 |
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Amount Past Due: |
- |
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Facsimile: |
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High Credit Utilized: |
- |
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Contact: |
Penny |
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Terms: |
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Credit Limit: |
- |
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Days to Pay: |
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We left a message for a call back. |
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Royal Fumigation |
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Address: |
New Castle, DE
(USA) |
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Amount Outstanding: |
- |
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Telephone: |
302 218-4630 |
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Amount Past Due: |
- |
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Facsimile: |
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High Credit Utilized: |
- |
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Contact: |
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Terms: |
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Credit Limit: |
- |
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Days to Pay: |
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We left a voice message for a call back. |
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Illinois Log & Timber |
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Address: |
Lacom, IL |
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Amount Outstanding: |
- |
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Telephone: |
304 238-8818 |
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Amount Past Due: |
- |
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Facsimile: |
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High Credit Utilized: |
- |
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Contact: |
Leroy |
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Terms: |
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Credit Limit: |
- |
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Days to Pay: |
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We could not
contact this Company, the provided telephone number is invalid.
PUBLIC RECORD
A search of public records 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
COMMENTS
The Subject is an exporter of lugs and timber, incorporated in 2005. 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.
Mr. Patel provided operating and financial information about the Company.
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%)