MIRA
INFORM REPORT
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Report Date : |
22.05.2008 |
IDENTIFICATION
DETAILS
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Name : |
CHESAPEAKE MERCHANDISING, INC. |
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Registered Office : |
367 Main St Suite 200 Gaithersburg, MD 20878 |
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Country : |
United States |
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Date of Incorporation : |
05.04.1995 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Imports Textiles. |
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 : |
Slow |
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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 100 = EUR 64 Satisfying |
IDENTIFICATION
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Company Name: |
Chesapeake Merchandising, Inc. |
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Address: |
367 Main St Suite 200 Gaithersburg,
MD 20878 USA |
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Phone: Facsimile: ID: State: Managers: |
+1 240-632-0100 +1 240-632-1454 D04130753 Maryland Dan Arora , President |
Date founded: |
05/04/1995
N.A. Employees 4 |
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Legal form: |
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Stock: Staff: |
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Business: |
Imports Textiles. |
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BANK
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CHEVY CHASE BANK.
BUSINESS
Operations:
At the above address, we find the headquarters of the company Chesapeake
Merchandising, Inc.
The company also has a showroom in New York, and offices in New Delhi in
India.
Business:
Chesapeake Merchandising imports and distributes textiles.
Its products range includes:
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Bath Rugs,
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Accent Rugs,
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Area Rugs,
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Natural Fibres,
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Table Linen,
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Bed Spreads.
The company works on the US market.
SHAREHOLDERS – SUBSIDIARIES
– MANAGERS
The director of the company
is:
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Dan Arora , President
He is also the main
shareholder.
FINANCIALS – COMMERCIAL TRENDS
AND FORECAST
Chesapeake Merchandising 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 |
569,000 |
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Operating profit |
1,500 |
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Net income |
0 |
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Net worth |
30,000 |
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Liabilities |
60,000 |
LEGALS
0 Suits
0 Judgments
0 Liens
0 Collection Claims
Reported
0 NSF Cheques Reported
1 UCC Security Filing in 2006
by Branch Banking & Trust Company securing All Assets. Amount:NA
PAYMENT REFERENCES
Date High Credit Now
Owing Past Due Terms Payment
Record
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.
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The cash flow is medium.
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Payments are made on 50 days nets as monitored during the past 12
months.
Our final opinion:
The cash is said to be
medium and the profitability is nil. In addition with that, payments are longs.
We advise dealing with
guarantees.
SUMMARY
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FINANCIAL SUMMARY |
DEBT COLLECTIONS
AND PAYMENTS |
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PROFITABILITY INDEBTNESS CASH |
Nil Heavy Medium |
PUBLIC PAYMENTS |
See Details Above Long |
ADVISED
CREDIT
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%)