MIRA INFORM REPORT
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Report Date : |
17.11.2008 |
IDENTIFICATION
DETAILS
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Name : |
ORIENTAL DESIGNER RUGS, INC. |
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Registered Office : |
560-A Amsterdam Avenue, Atlanta, GA 30306 |
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Country : |
United States. |
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Financials (as on) : |
31.12.2007 |
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Date of Incorporation : |
09.03.1994 |
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Com. Reg. No.: |
K415881 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Importer and retailer of carpets and rugs. |
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 5,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but Correct |
Company
Name
ORIENTAL DESIGNER RUGS, INC.
Company
acronym
---
Contact Information
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Address |
560-A Amsterdam Avenue Atlanta, GA 30306 USA |
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Telephone |
404-881-8979 |
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Fax |
404-881-8978 |
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Website |
www.orientaldesignerrug.com |
Registration Data
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Date of Registration |
March 9, 1994 |
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Registration number |
K415881 |
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Legal address |
560-A Amsterdam Avenue Atlanta, GA 30306 USA |
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Legal Form |
Corporation – Profit |
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Share Capital |
- |
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Other Registration Data |
- |
Shareholders
with Shares
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Shareholder Names |
Share% |
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Private |
100 |
Board/Executive
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Name |
Ms. Renu GIRI |
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Position within the company |
President & CEO |
Changes in
Registration Data
None recorded
Activities
(realistic and officials)
Importer and retailer of
carpets and rugs.
Staff
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Number of staff
employed |
2 |
Export/Import
(Countries, goods and total values for the period)
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Imports From |
Far East |
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Exports To |
- |
Facilities
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Rented |
Store |
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Premises Size |
1,000 sq. feet |
Bankers
|
Bank |
Bank of America |
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Address |
Atlanta, GA |
Suppliers,
Partners
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Suppliers |
Not known |
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Partners |
Not known |
Litigation,
Remarks on Payment
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Litigation |
None Recorded |
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Remarks on Payment |
No Complaints |
Financial
Information
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Source |
Bank |
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Figures are |
Declared |
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Currency |
USD |
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Months |
Sales Figures |
Sales |
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12 |
31/12/2007 |
250,000= |
Reporter Comments
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Comments |
On a direct call, nobody accepted to answer our questions. |
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Local Reputation |
The company being investigated is believed by local reporters to be a Medium
Trade Risk and to be fair. The Company is improving its payments, but the cash is low, due to high
inventories and bad conditions of the market. 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 days
beyond terms. |
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MAX CREDIT |
USD 5,000= |
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CREDIT REQUIRED |
MAXIMUM CREDIT |
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Maximum |
USD 5,000= |
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.68 |
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UK Pound |
1 |
Rs.74.64 |
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Euro |
1 |
Rs.62.58 |
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%)