MIRA
INFORM REPORT
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Report Date : |
17.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
C.G. IMPEX INC. |
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Registered Office : |
22 West 48th Street, New York,
NY 10036 |
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Country : |
United States |
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Date of Incorporation : |
30.09.1998 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Business Services |
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 : |
Regular |
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Litigation : |
Clear |
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: |
C.G. IMPEX INC. |
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Address: |
22 West 48th
Street, New York, NY
10036, USA |
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Phone: Facsimile: ID: State: Managers: |
+ 1 (212) 221-3903 NA 2302573 New York Unit Gandhi, President |
Date founded: |
Sept 30, 1998
Corporation for Profit N.A. N.A. 2 employees |
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Legal form: |
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Stock: Value: |
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Staff: |
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Business: |
Business services |
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BANKS
Chase Bank
BUSINESS
Business & Operations:
C.G. IMPEX INC. is a private company located in New York, NY. The
company’s line of business is business services.
Industry Overview:
Professional services account for a large part of the US economy,
generating about $600 billion in annual revenue for 600,000 individual firms.
The largest segments are legal services ($130 billion); engineering services
($120 billion); computer-related services ($110 billion); accounting ($60
billion); management consulting ($60 billion); advertising ($50 billion); and
scientific research ($25 billion).
Brokerage services, if added to this industry, would add another $200
billion of revenue, including securities brokerage ($80 billion); insurance
brokerage ($60 billion); and real estate brokerage ($40 billion).
Most professional firms are small. Only about 5,000 firms have annual
revenue over $10 million. The vast majority have a single office.
Demand is driven heavily by the health of the US economy and
particularly by corporate profits. While some professional services are
necessary for the normal functioning of most companies, some of the most
profitable services aren't considered essential and are often postponed when
corporate profits are low. The profitability of professional service firms is
closely tied to good marketing, because many costs are fixed. Small firms can
compete successfully with large firms in their segment if they offer special expertise.
SHAREHOLDERS – SUBSIDIARIES
– MANAGERS
The director of the company
is:
Unit Gandhi, President.
He is also one of the main
shareholders.
FINANCIALS – COMMERCIAL TRENDS
AND FORECAST
C.G. IMPEX 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 |
239,000 |
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Operating Profit |
43,000 |
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Net Income |
29,000 |
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Net Worth |
80,000 |
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Liabilities |
55,000 |
LEGALS
0 Suits
0 Judgments
0 Liens
0 Collection Claims
Reported
0 NSF Cheques Reported
0 UCC Filings
RATING
Local credit bureau gave correct credit rate.
The Company is in “good standing”.
This means that all local and federal taxes were paid on due date.
Payments are made on a 43
days basis (monitored during the past 12 months).
The cash is correct.
Our final opinion:
This is a small company
working in the US.
A credit line may be considered.
SUMMARY
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FINANCIAL SUMMARY |
DEBT COLLECTIONS AND PAYMENTS |
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PROFITABILITY INDEBTNESS CASH |
Good Controlled Correct |
PUBLIC PAYMENTS |
None Regular |
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.43.17 |
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UK Pound |
1 |
Rs.86.46 |
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Euro |
1 |
Rs.68.68 |
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%)