MIRA INFORM REPORT
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Report Date : |
10.10.2008 |
IDENTIFICATION
DETAILS
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Name : |
MACIAS IMPORTS, INC. |
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Registered Office : |
2650 W Cullerton
St, Chicago, IL 60608 |
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Country : |
United States |
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Date of Incorporation : |
06.10.2002 |
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Legal Form : |
For Profit Corporation |
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Line of Business : |
Wholesalers
of Fresh Fruits and Vegetables. |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
USD 10,000 |
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Status : |
Small Company |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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REQUIRED CREDIT |
ADVISED CREDIT |
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MAXIMUM |
10,000 USD |
GEOPOLITICS
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POLITICAL DATA |
ECONOMIC DATA |
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FORM OF GOVERNMENT ECONOMIC RISK |
Federal
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CURRENCY BRANCH SITUATION |
USD Satisfying |
IDENTIFICATION
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Company Name: |
Macias Imports, Inc. |
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Address: |
2650 W Cullerton
St, Chicago, IL
60608, U.S.A. |
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Phone: Facsimile: ID: State: Managers: |
+ 1 (312) 446-2086 NA 62268727 Illinois Jose Macias, President |
Date founded: |
06/10/2002 For Profit Corporation NA NA 3 employees |
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Legal form: |
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Stock: Value: |
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Staff: |
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Business: |
Wholesalers
of fresh fruits and vegetables. |
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BANKS
Banco Popular North America
BUSINESS
Operations:
Macias
Imports, Inc. operates as a wholesaler of fresh fruits and vegetables. The company sells internationally to
wholesalers.
Its operations are conducted from owned facilities measuring 13,000 sq.
ft.
Way of payments:
Macias
Imports, Inc. is not a large active seeker of open-term credit in the domestic
marketplace and generally pays vendors as per agreed terms.
SHAREHOLDERS – SUBSIDIARIES
– MANAGERS
The directors of the
company are:
Jose Macias,
President. He owns 100% interest.,
Carlos Macias, Vice
President.
FINANCIALS – COMMERCIAL TRENDS
AND FORECAST
Subject is a privately-held Corporation and as such is not required to
disclose financial information.
LEGALS
0 Suits
No Judgments
0 Liens
0 Collection Claims
Reported
0 NSF Cheques Reported
1 UCC Filing in 2007 by
Banco Popular North America, Rosemont, IL
PAYMENT REFERENCES
Date High Credit Now
Owing Past Due Terms Payment
Record
08/08 75,000 70,000 0 Sell by note As Agreed
06/08 50 0 0 Undisclosed As Agreed
RATING
Local credit bureau gave a correct credit rate.
The Company is in “good standing”.
This means that all local and federal taxes were paid on due date.
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The cash flow is correct.
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Payments are made on a regular basis.
Our final opinion
The company is not a large active seeker of open-term credit and
generally pays vendors as per agreed terms.
The company has a clear and positive legal record.
A Credit line may be considered.
SUMMARY
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FINANCIAL SUMMARY |
DEBT COLLECTIONS
AND PAYMENTS |
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PROFITABILITY INDEBTNESS CASH |
Correct Controlled Correct |
PUBLIC PAYMENTS |
See Details Above As Agreed |
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ADVISED CREDIT |
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10,000 EUR |
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.48.72 |
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UK Pound |
1 |
Rs.82.17 |
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Euro |
1 |
Rs.65.90 |
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%)