MIRA
INFORM REPORT
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Report Date : |
22.05.2008 |
IDENTIFICATION
DETAILS
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Name : |
ARUVIL INTERNATIONAL, INC. |
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Registered Office : |
185 Madison Ave Rm 1600, New York, NY 10016-4325 |
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Country : |
Unites States |
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Date of Incorporation : |
27.10.1977 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Wholesaler of Iron, Steel
and related products. |
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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Maximum Credit Limit : |
USD 300,000 |
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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 |
300,000 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: |
ARUVIL
INTERNATIONAL, INC. |
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Address: |
185 Madison Ave Rm 1600, New York, NY
10016-4325, United
States |
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Phone: Facsimile: ID: State: Managers: |
+1 212-447-5020 +1 212-685-0547 1579367 New York Vilas Kulkarni, President |
Date founded: |
October 27,1977
N.A. 29 employees |
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Legal form: |
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Stock: Staff: |
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Business: |
Wholesaler of iron, steel and related products. |
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BANKS
ISRAEL DISCOUNT BANK OF NEW YORK.
BUSINESS
Operations:
At the above address, we find the headquarters of the company ARUVIL
INTERNATIONAL, INC.
The company also has distribution centers in California, Texas, New
Jersey and Florida.
Sales offices are located in Illinois, Virginia, Ohio, Nebraska and New
Jersey.
Activities:
ARUVIL INTERNATIONAL wholesales iron,
steel and related products.
The company offers selection color-coated items, such as fittings (steel
and aluminum), bands, castings, wire products, tension bars, and pipe and chain
link fabric.
It distributes its products across the United States.
Business
Overview:
The domestic demand for US primary ferrous metals, an indicator for
steel distributors, is forecast to increase at an annual compounded rate of 3.5
percent between 2007 and 2012.
The health of the manufacturing and construction industries drives
demand for steel. A distributor’s sales volume determines profitability because
many costs are fixed. Large distributors benefit from economies of scale in
purchasing, processing, and distribution. Small companies can compete by
specializing in particular products or offering special processing services.
SHAREHOLDERS – SUBSIDIARIES
– MANAGERS
The directors of the
company are:
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Vilas Kulkarni, President,
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Russell Jenkins, Vice
President Marketing,
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Sanjeev Parab, Controller.
They are also the main
shareholders.
FINANCIALS – COMMERCIAL TRENDS
AND FORECAST
ARUVIL INTERNATIONAL, 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 |
11,433,030 |
LEGALS
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1 Suit in 2004 by Central Transport International. Reason: NA Amount: $3,000
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0 Judgments
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1 Lien in 2008 by State of Florida . amount $3,342
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1 Lien in 2007 By State of Texas
. Amount $1,676
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0 Collection Claims
Reported
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0 NSF Cheques Reported
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1 UCC Security Filing in 2005 by Leaf Funding Inc securing Leased Computer EquipmentAmount: NA
All previous UCC Security Filings have been
cleared
PAYMENT REFERENCES
Date High Credit Now
Owing Past Due Terms Payment
Record
RATING
Local credit bureau gave a correct 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 correct.
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Payments are made on a regular basis.
Our final opinion:
This is a small company
working in the US market.
A credit line may be
considered.
SUMMARY
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FINANCIAL SUMMARY |
DEBT COLLECTIONS
AND PAYMENTS |
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PROFITABILITY INDEBTNESS CASH |
Correct Controlled Correct |
PUBLIC PAYMENTS |
See Details Above Regular |
ADVISED
CREDIT
300,000 USD
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%)