MIRA
INFORM REPORT
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Report Date : |
29.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
ASIA PAPER RESOURCES INC. |
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Registered Office : |
120 Windsor Gate Drive New Hyde Park
NY 11040 |
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Country : |
United States |
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Date of Incorporation : |
01.07.2000 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Wholesales Photocopy
Paper |
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 |
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REQUIRED CREDIT |
ADVISED CREDIT |
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MAXIMUM |
30,000 USD |
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: |
ASIA PAPER
RESOURCES INC. |
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Address: |
120 Windsor Gate
Drive New Hyde
Park NY 11040 USA |
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Phone: Facsimile: ID: State: Managers: |
+ 1 (516) 365-3409 + 1 (516) 403-1861 2458873 New York Narinder Tandon,
President |
Date founded: |
01/07/2000
Corporation for Profit N.A. N.A. 8 employees |
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Legal form: |
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Stock: Value: |
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Staff: |
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Business: |
Wholesales photocopy paper |
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BANKS
Chase Bank
BUSINESS
Business & Operations:
Asia Paper Resources Inc. is a buyer and
seller of printing, publishing and packaging paper.
The company also trade in Stocklot and prime excess paper. Asia Paper Resources Inc. is selling of up
market women’s apparel manufacturered in their contracted manufacturing units
in Asia.
Asia Paper Resources Inc’s head office is
located in New York.
Industry Overview:
About 4,000 companies
manufacture paper products in the US, with combined annual product revenue of $160
billion. Large companies include International Paper, Kimberly-Clark,
Georgia-Pacific, Avery Dennison, and MeadWestvaco. The industry is only
moderately concentrated as a whole, but is highly concentrated in specific
product segments, where the largest 50 companies often hold close to 70 percent
of the market. A typical manufacturer of paper products has 150 employees, a
single plant, and $40 million of annual sales.
Demand is driven by general
commercial activity and population growth. The profitability of individual
companies depends on efficient operations, as products are sold mainly based on
price. Big companies have advantages in distribution and can supply large
customers. There are few economies of scale in manufacturing; large and small
producers operate the same kinds of plants--large producers just have more of
them. Small companies can compete successfully by making specialty products or
serving a small geographical market. The industry is capital-intensive: average
annual revenue per worker is close to $300,000, although the figure varies by
product segment.
Major product categories
are paperboard containers, coated papers, tissue products, stationery, and
paper bags. Paperboard containers include single-layer boxes and multi-layer
corrugated boxes and account for about 30 percent of industry revenue. Coated
papers account for 15 percent of revenue, tissue products for 5 percent,
stationery for 5 percent. Tens of thousands of different paper products are
produced, but most manufacturers concentrate on a very limited product line.
SHAREHOLDERS – SUBSIDIARIES
– MANAGERS
The director of the company
is:
Narinder Tandon, President.
He is also one of the main
shareholders.
FINANCIALS – COMMERCIAL TRENDS
AND FORECAST
Asia Paper Resources 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 |
1,300,000 |
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Operating Profit |
76,000 |
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Net Income |
54,000 |
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Net Worth |
100,000 |
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Liabilities |
40,000 |
LEGALS
0 Suits
0 Judgments
0 Liens
0 Collection Claims
Reported
0 NSF Cheques Reported
0 UCC Filings
RATING
Local credit bureau gave a medium 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
regular basis (monitored during the past 12 months).
The cash is good.
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 |
Medium Controlled Good |
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.42.47 |
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UK Pound |
1 |
Rs.84.00 |
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Euro |
1 |
Rs.66.14 |
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%)