MIRA
INFORM REPORT
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Report Date : |
21.03.2008 |
IDENTIFICATION
DETAILS
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Name : |
TAS SERVICES |
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Registered Office : |
410 N. Civic Drive #305 Walnut Creek |
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Country : |
United States |
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Date of Incorporation : |
2006 |
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Com. Reg. No.: |
94596 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Exporter of paper. Currently, they export to turkey and Germany but
are in the process of possibly expanding to India |
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 : |
Small Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
IDENTIFICATION & EXECUTIVE
SUMMARY
Company Name: TAS
SERVICES
Trade Name:
Address: 410
N. CIVIC DRIVE #305
City: WALNUT
CREEK
Founded (D/M/Y): 2006
State/Province: CA
Zip Code: 94596
Sales / Revenue: -
Country: UNITED
STATES
Net Income:
Telephone: 818-472-8427
Total Equity:
Facsimile: 925-945-8861
Number of Employees: 1
URL www.taservices.net
Legal Form: Sole
Proprietorship
Shareholder: Mr.
Appan Thirumavigli
Business Activity: The Subject is engaged
as an exporter of paper. Currently, they export to Turkey and Germany but are
in the process of possibly expanding to India.
NOTE TO CLIENT
NOTE: The provided
address is incorrect. Please see the above heading for the correct address.
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Mr. Appan Thirumavigli,
Owner, provided the following information in this report.
LEGAL
Legal Form: Sole
Proprietorship
Status: ACTIVE
The company is NOT
required to publish an annual financial report.
The Subject is a sole proprietorship that has been in business since
2006.
MANAGERS / KEY PERSONNEL
Mr. Appan
Thirumavigli Owner
Owners
Mr. Appan Thirumavigli Majority
AFFILIATED COMPANIES
Management reports
no affiliated companies.
BANKS
State Bank of
India
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City: |
San Jose |
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State/Province: |
CA |
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Country: |
UNITED STATES |
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Telephone: |
408-938-9245 |
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Facsimile: |
408-971-1406 |
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Account Manager: |
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Bank rating: |
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Account Number: |
728300094 |
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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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A written request has been sent to the above bank. We await a response
as of this writing. |
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PAYMENT HISTORY
The firm does not appear to be a seeker of local trade credit as a significant
payment record could not be obtained and management declined to provide supplier
references.
FINANCIAL INFORMATION
Financial
information was declined by management and outside sources provided no furthr insight.
CURRENT OPERATIONS
SIC Code:
NAICS Code: 4221
Paper and Paper
Product Wholesalers
Number of Employees: 1
Business Activity:
The Subject is
engaged as an exporter of paper. Currently, they export to Turkey and Germany
but are in the process of possibly expanding to India.
The headquarters and sole location is at the heading address.
PUBLIC RECORD
A Nationwide search of public and bankruptcy courts revealed no Uniform
Commercial Codes, tax liens, legal actions or bankruptcy filings under the
Subject's name.
COMMENTS
The Subject is engaged as an exporter of paper. No payment record could be
developed and a search of public records and bankruptcy courts revealed no
derogatory information or record of the Company filing a bankruptcy petition.
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%)