MIRA
INFORM REPORT
|
Report Date : |
04.11.2008 |
IDENTIFICATION
DETAILS
|
Correct Name : |
THE MORGAN MINT, INC. |
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Registered Office : |
801 Springdale Drive, Suite 200 Exton, PA 19341 |
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Country : |
United States |
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Date of Incorporation : |
16.03. 1987 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Offers Icon Design Services for Automobile and Military Industries. |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 150,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Company
Name
THE MORGAN MINT, INC.
Company acronym:
FRANKLIN
MINT
Contact Information
|
Address |
801 Springdale Drive, Suite 200 Exton, PA 19341 USA |
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Telephone |
610-884-4800 |
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Fax |
610-884-3880 |
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Website |
www.franklinmint.com |
Registration Data
|
Date of Registration |
March 16, 1987 |
|
Registration number |
New York State does not issue organizational ID Numbers |
|
Legal address |
290 Duffy Avenue Hicksville, NY 11801 USA |
|
Legal Form |
Corporation – Profit |
Shareholders
with Shares
|
Shareholder Names |
Share% |
|
Moshe MALAMUD |
n/a |
Board/Executive
|
Name |
Moshe A. MALAMUD |
|
Position within the company |
Chairman |
|
Name |
Steven SISSKIND |
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Position within the company |
CEO |
Changes in
Registration Data
None recorded
Activities
(realistic and officials)
Founded in 1964, The Franklin Mint is a private company that offers a wide
range of services. It offers icon design services for automobile and military
industries.
The company provides icon design services for various makes of vehicles
that include Chrysler, Lincoln and Ford. It also offers various accessories for
home decoration that include mugs, egg baskets, decorative plates, hourglasses
and spyglasses. The Franklin Mint sells jewelries, including bracelets, rings,
necklaces, earrings, and wrist and pocket watches.
The company additionally sells sculptures, deluxe games, precision
die-cast models, display cases, coins, displays, and vinyl and porcelain dolls.
It offers an online product catalogue to customers.
Staff
|
Number of staff employed |
40 |
Export/Import
(Countries, goods and total values for the period)
|
Imports From |
Europe, Far East |
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Exports To |
None |
Facilities
|
Rented |
Office and warehouse |
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Premises Size |
2,000 sq. feet |
Suppliers,
Partners
|
Suppliers |
Not known |
|
Partners |
Not known |
Litigation,
Remarks on Payment
|
Litigation |
None Recorded |
|
Remarks on Payment |
No Complaints |
Financial
Information
|
Source |
Bank |
|
Figures are |
Estimate |
|
Currency |
USD |
|
Months |
Sales Figures |
Sales |
|
12 |
31/12/2007 |
6,300,000 |
Reporter Comments
|
Comments |
On a direct call, nobody was available to answer
our questions. |
|
Local Reputation |
The company being investigated is believed by local reporters to be a Medium Trade Risk and to be
fair. According to our credit analysts, during the last 6 months, 86% of
trade experience indicates a regular payment. Payments of imports are currently made with an average of 10 to 15
days beyond terms. The market is growing slowly waiting for Thanksgiving Day. |
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MAX CREDIT |
USD 150,000= |
|
CREDIT REQUIRED |
MAXIMUM CREDIT |
|
Maximum |
USD 150,000= |
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.48.62 |
|
UK Pound |
1 |
Rs.76.71 |
|
Euro |
1 |
Rs.61.30 |
RATING
EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>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%)