MIRA INFORM REPORT
|
Report Date : |
15.11.2008 |
IDENTIFICATION
DETAILS
|
Name : |
BATHS FROM THE PAST, INC. |
|
|
|
|
Registered Office : |
83 East Water
Street Rockland, MA 02370 |
|
|
|
|
Country : |
United States |
|
|
|
|
Date of Incorporation : |
25.07.2000 |
|
|
|
|
Com. Reg. No.: |
000715208 |
|
|
|
|
Legal Form : |
Corporation -
Profit |
|
|
|
|
Line of Business : |
Importer and distributor of old-style plumbing fixtures,
including showers systems and enclosures, tube fillers, faucets, and related
products. |
RATING &
COMMENTS
|
MIRA’s Rating : |
C |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
Status : |
Officially Dissolved |
|
|
|
|
Payment Behaviour : |
Slow but Correct |
|
|
|
|
Litigation : |
Clear |
Company
Name
BATHS FROM THE PAST, INC.
Company
acronym
--
Contact Information
|
Address |
83 East Water
Street Rockland, MA 02370 USA |
|
Telephone |
781-871-8530 |
|
Fax |
781-871-8533 |
|
Website |
www.bathsfromthepast.com |
Registration Data
|
Date of Registration |
07-25-2000 |
|
Registration number |
000715208 |
|
Legal address |
83 East Water
Street Rockland, MA 02370 USA |
|
Legal Form |
Corporation -
Profit |
|
Share Capital |
- |
|
Other Registration
Data |
The Company was administratively
dissolved by the Secretary of State on 05-31-2007, but is still active |
Shareholders
with Shares
|
Shareholder Names |
Share% |
|
Peter Heinz JOUCHMANS |
n/a |
Board/Executive
|
Name |
Peter Heinz JOUCHMANS |
|
Position within the company |
President & CEO |
Changes in
Registration Data
None recorded
Activities
(realistic and officials)
The Company is
importer and distributor of old-style plumbing fixtures, including showers systems
and enclosures, tube fillers, faucets, and related products.
Staff
|
Number of staff employed |
6 |
Export/Import
(Countries, goods and total values for the period)
|
Imports From |
Europe |
|
Exports To |
- |
Facilities
|
Rented |
Showroom,
warehouse and office |
|
Premises Size |
2,000 sq. feet |
Subsidiaries
and Participation
|
Parent Company |
- |
|
Subsidiaries |
- |
|
Affiliates |
- |
Branches
|
Address |
- |
Bankers
|
Bank |
Rockland Trust Co. |
|
Address |
288 Union St,
Rockland, MA 02370 |
|
Telephone |
(781) 878-6100 |
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 |
1,000,000 |
Reporter Comments
|
Comments |
On a direct call, the manager declared that the
Company is still active and he was not aware of any dissolution. |
|
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, 88% of trade experience indicates
a regular payment. Payments of
imports are currently made with an average of 10 to 15 days beyond terms. Due to the fact
that officially, the Company is dissolved, we suggest you to be careful. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.46 |
|
UK Pound |
1 |
Rs.73.17 |
|
Euro |
1 |
Rs.62.96 |
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 |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)