MIRA
INFORM REPORT
|
Report Date : |
04.10.2008 |
IDENTIFICATION
DETAILS
|
Name : |
TRADEWELL
ENTERPRISES INC. |
|
|
|
|
Registered Office : |
71 West 47th Street, Suite 402,New York, NY 10036 |
|
|
|
|
Country : |
United States |
|
|
|
|
Date of Incorporation : |
13.05.2002 |
|
|
|
|
Legal Form : |
Corporation for Profit |
|
|
|
|
Line of Business : |
Wholesales Jewellery |
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 |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
GEOPOLITICS
|
POLITICAL DATA |
ECONOMIC DATA |
||
|
FORM OF GOVERNMENT ECONOMIC RISK |
Federal
|
CURRENCY BRANCH SITUATION |
USD Satisfying |
IDENTIFICATION
|
Company Name: |
Tradewell Enterprises
Inc. |
||
|
Address: |
71 West 47th
Street, Suite 402, New York,
NY 10036, USA |
||
|
Phone: Facsimile: ID: State: Managers: |
+ 1 (212) 869-5200 + 1 (212) 869-5400 2742223 New York Thaika Meeran Haroon,
President |
Date founded: |
May 13, 2002
Corporation for Profit N.A. N.A. 12 employees |
|
Legal form: |
|||
|
Stock: Value: |
|||
|
Staff: |
|||
|
Business: |
Wholesales jewellery. |
||
BANKS
HSBC
BUSINESS
Business & Operations:
Tradewell Enterprises is a private company specialized in wholesaling of
Jewellery. The company is known for cost effective and finish in jewellery with
years of experience in jewellery business in Far East.
Their experience insight help
them to penetrate the fast growing, and booming retail value region and explore
opportunities for emerging markets like Qatar and Abu Dhabi.
The company’s head office is in Hong Kong:
HONG KONG:
TRADEWELL ENTERPRISES (HK),
RM, 1101, Hart Avenue Plaza,
5-9, Hart Avenue,
T.S.T., Kowloon,
Hong Kong
The company’s also has associate offices in: Thailand and India:
THAILAND OFFICE:
TRADEWELL ENTERPRISES CO, LTD.
3707, Jewelery trade centre,
919/447, Silom Road,
Bangrak,
Bangkok - 10500
Thailand
INDIA:
M/S, PARAGON IMPEX,
A1, Dreamland Building,
Mama Parmanand Marg,
Mumbai - 400004
India
SHAREHOLDERS – SUBSIDIARIES
– MANAGERS
The director of the company
is:
Thaika Meeran Haroon,
President.
He is also one of the main
shareholders.
FINANCIALS – COMMERCIAL TRENDS
AND FORECAST
As a private company,
Tradewell Enterprises Inc. does not publish any financials.
However our source provide us with the following information :
|
Fiscal Year USD |
12/31/2007 |
|
||
|
Turnover
|
4,200,000 |
||
|
Operating
Profit |
165,000 |
||
|
Net
Income |
120,000 |
||
|
Net
Worth |
450,000 |
||
|
Liabibilities |
130,000 |
||
LEGALS
0 Suits
0 Judgments
0 Liens
0 Collection Claims
Reported
0 NSF Cheques Reported
1 UCC Filing in 2005 &
2003 by HSBC Bank USA. Collateral &
Amount: NA
RATING
Local credit bureau gave a
good credit rate.
The Company is in “good
standing”.
This means only that all
local and federal taxes were paid on due date.
Payments are made on a 45
days basis.
The cash is good.
Our final opinion:
This is small business
working worldwide.
The company presents pretty
good financial figures despite its small size.
A credit line may be
considered.
A business connection may
be conducted.
SUMMARY
|
FINANCIAL SUMMARY |
DEBT COLLECTIONS
AND PAYMENTS |
||
|
PROFITABILITY INDEBTNESS CASH |
Correct Controlled Good |
PUBLIC PAYMENTS |
No Regular |
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.46.88 |
|
UK Pound |
1 |
Rs.82.97 |
|
Euro |
1 |
Rs.64.99 |
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%)