MIRA
INFORM REPORT
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Report Date : |
23.05.2008 |
IDENTIFICATION
DETAILS
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Name : |
INDUS TRADE &
TECHNOLOGY, LLC. |
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Registered Office : |
1200 Tices lane Suite 106 East Brunswick, NJ 08816 |
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Country : |
United States |
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Date of Incorporation : |
21.07. 2003 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Importer and Wholesaler of Granite Slabs and Tiles. |
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 30,000 |
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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 |
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 100 = EUR 64 Declining |
IDENTIFICATION
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Company Name: |
Indus Trade & Technology, LLC. |
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Address: |
1200 Tices lane
Suite 106 East Brunswick, NJ 08816 USA |
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Phone: Facsimile: ID: State: Managers: |
732-418-9536 732-418-9537 0600050217 New Jersey Surendra Kankariya |
Date founded: |
July 21, 2003
Limited Liability Company N.A. Employees: 7 |
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Legal form: |
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Stock: Staff: |
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Business: |
Importer and wholesaler
of granite slabs and tiles. |
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BANKS
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PNC BANK
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BANK OF AMERICA
BUSINESS
Operations:
At the above address, we find the headquarters of the company Indus
Trade & Technology, LLC.
The company also has branches across the USA.
Activity:
Indus Trade & Technology is a premier importer of granite slabs and
tiles.
The company imports its products from India, South America and Europe.
It distributes its products via independent distributors across twenty
states in the US and Canada. Its main customers are builders, contractors and
fabricators.
SHAREHOLDERS – SUBSIDIARIES
– MANAGERS
The director of the company
is:
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Mr. Surendra Kankariya,
Director.
He is also the main
shareholder.
FINANCIALS – COMMERCIAL TRENDS
AND FORECAST
Indus Trade & Technology 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 |
1,100,000 |
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Operating profit |
77,000 |
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Net income |
64,000 |
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Net worth |
100,000 |
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Liabilities |
60,000 |
LEGALS
0 Suits
0 Judgments
0 Liens
0 Collection Claims
Reported
0 NSF Cheques Reported
0 UCC Filings
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 42 days nets as monitored during the past 12 months.
Our final opinion:
This is a small company
working on the North American 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 |
Medium Controlled Correct |
PUBLIC PAYMENTS |
See Details Above Regular |
ADVISED
CREDIT
30,000 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%)