MIRA
INFORM REPORT
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Report Date : |
11.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
RELIABLE PRODUCTS INC |
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Registered Office : |
16904 Juanita
Drive #207, Kenmore , WA 98028 |
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Country : |
United States |
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Date of Incorporation : |
24.07.2003 |
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Legal Form : |
Corporation for
Profit |
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Line of Business : |
Wholesales Dried Foods |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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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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Status : |
Moderate |
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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 |
GUARANTEES |
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: |
RELIABLE PRODUCTS INC. |
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Address:
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16904 Juanita
Drive #207 Kenmore ,
WA 98028 USA |
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Phone:
Facsimile:
ID: State:
Managers: |
+ 1 (425) 489-8969 NA 602313798 Washington Ashish Lakhani, President |
Date
founded: |
July 24,2003
Corporation for
Profit N.A. N.A. 1 employees |
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Legal
form: |
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Stock:
Value: |
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Staff: |
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Business: |
Wholesales Dried
Foods |
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BANKS
Bank
of America
BUSINESS
Business &
Operations:
Reliable Products Inc is a wholesaler of dried foods located in
Washington.
The company offers a variety of items in the range of special fragrance
and pharmaceutical. These are:
- CAPSAICIN, NATURAL,
- ETHYL MALTOL, FCC (VELTOL PLUS),
- MALTOL, FCC (VELTOL)
- MALTOL, NATURAL
- METHYL CYCLOPENTENOLONE, FCC,
- RASPBERRY KETONE, FCC,
-SUCRALOSE, FCC,
-BISACODYL,
- MAGNESIUM SALICYLATE.
SHAREHOLDERS – SUBSIDIARIES
– MANAGERS
The
director of the company is:
Ashish Lakhani, President.
He
is also one of the shareholder.
FINANCIALS – COMMERCIAL TRENDS
AND FORECAST
Reliable products 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 |
- |
LEGALS
0 Suits
0 Judgments
0 Liens
0 Collection Claims Reported
0 NSF Cheques Reported
0 UCC Filings
RATING
Local credit bureau gave a low credit rate.
The Company is in “good standing”.
This means that all local and federal taxes were paid on due date.
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The cash flow is low.
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Payments are made on a regular basis.
Our final opinion
This is an impersonal 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 |
Low Controlled Low |
PUBLIC PAYMENTS |
None Regular |
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ADVISED CREDIT |
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GUARANTEES |
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%)