MIRA INFORM REPORT
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Report Date : |
17.11.2008 |
IDENTIFICATION DETAILS
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Name : |
FEIZY IMPORT AND EXPORT COMPANY LTD |
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Registered Office : |
1949 Stemmons Freeway, |
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Country : |
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Financials (as on) : |
31.12.2007 |
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Date of Incorporation : |
2.11. 2001 |
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Com. Reg. No.: |
0800024859 |
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Legal Form : |
Corporation - Profit |
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Line of Business : |
Importer and distributor
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 800,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but Correct |
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Litigation : |
Clear |
Company
Name
FEIZY IMPORT AND EXPORT COMPANY LTD
Company
acronym
---
Contact Information
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Address |
1949 Stemmons Freeway Dallas, TX 75207 USA |
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Telephone |
214-747-6000 |
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Fax |
214-760-0521 |
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Website |
www.feizy.com |
Registration Data
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Date of Registration |
November 2nd, 2001 |
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Registration number |
0800024859 |
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Legal address |
1949 Stemmons Freeway Dallas, TX 75207 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% |
|
John H.
FEIZY |
n/a |
Board/Executive
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Name |
John H. FEIZY |
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Position within the company |
President and CEO |
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Name |
Ms. Linda ACKER |
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Position within the company |
COO |
Changes in
Registration Data
None recorded
Activities
(realistic and officials)
The Company is importer and distributor of carpets and rugs.
Sells to retailers in the U.S.
Staff
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Number of staff
employed |
175 |
Export/Import
(Countries, goods and total values for the period)
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Imports From |
India, Pakistan, Turkey… |
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Exports To |
- |
Facilities
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Owned |
Showroom, warehouse and office |
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Premises Size |
2,000 sq. feet |
Subsidiaries
and Participation
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Parent Company |
- |
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Subsidiaries |
- |
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Sister Companies |
FEIZY RUGS OF TEXAS LTD |
Branches
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Address |
102 World Trade Center B-165 Las Vegas World Market Center 145 Market Square |
Bankers
|
Bank |
Bank of America |
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Branch |
Dallas, TX |
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 |
33,915,000= |
Reporter Comments
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Comments |
On a direct call, a
salesperson controlled the present report. |
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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. According to our credit analysts, during the last 6 months, 93% of
trade experience indicates a regular payment. Payments of imports are currently made with an average of 5 days
beyond terms. |
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MAX CREDIT |
USD 800,000= |
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CREDIT REQUIRED |
MAXIMUM CREDIT |
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Maximum |
USD 800,000= |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.74 |
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UK Pound |
1 |
Rs.74.37 |
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Euro |
1 |
Rs.62.78 |
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%)