MIRA
INFORM REPORT
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Report Date : |
15.10.2008 |
IDENTIFICATION
DETAILS
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Name : |
PRINCESS
INTERNATIONAL INC. |
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Registered Office : |
13570 Pumice Street, Norwalk, CA
90650 |
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Country : |
United States |
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Date of Incorporation : |
24.05. 2000 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Wholesales Groceries. |
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 |
ADVISED CREDIT
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: |
Princess International Inc. |
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Address: |
13570 Pumice
Street, Norwalk, CA 90650, USA |
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Phone: Facsimile: ID: State: Managers: |
+ 1 (562)
407-0646 + 1 (626) 441-4533 C2235722 California Jude Perera,
Chief Executive Officer |
Date founded: |
May 24, 2000
Corporation for Profit N.A. N.A. 5
employees |
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Legal form: |
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Stock: Value: |
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Staff: |
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Business: |
Wholesales groceries. |
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BANKS
Bank of America
BUSINESS
Business & Operations:
Princess International, Inc. is a private company located in Norwalk,
California.
Princess International, Inc's line of business is wholesaler of
groceries.
This is a small and pretty new business.
Industry Overview:
The US wholesale food distribution industry includes about 38,000 companies
with combined annual revenue of around $550 billion. Major companies include
SYSCO, US Foodservice, SUPERVALU, and McLane Company. The industry is
moderately concentrated: the 50 largest distributors hold about 50 percent of
the total market.
This industry doesn't include revenue from retail or manufacturing
operations.
Demand is driven largely by demographic shifts, particularly trends in
population and age, working women, race and ethnicity, household size, and
levels of disposable income. The profitability of individual companies depends
on a good product mix and efficient operations. Large distributors are
advantaged by bulk purchasing and economies of scale in distribution. Smaller
companies can compete effectively by specializing in organic, natural, or
kosher products or focusing on a geographical area. Average annual revenue per
worker for a typical company is $675,000.
SHAREHOLDERS – SUBSIDIARIES
– MANAGERS
The director of the company
is:
Jude Perera, Chief
Executive Officer.
He is also one of the main
shareholders.
FINANCIALS – COMMERCIAL TRENDS
AND FORECAST
As a private company,
Princess International Inc. does not publish any financials.
However our source provide us Wit the following information :
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Fiscal Year USD |
12/31/2007 |
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Turnover
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360,000 |
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LEGALS
0 Suits
0 Judgments
0 Liens
0 Collection Claims
Reported
0 NSF Cheques Reported
0 UCC Filings
RATING
Local credit bureau gave a
correct 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
regular basis.
The cash is correct.
Our final opinion:
This is a small company
working worldwide.
A credit line may be
considered.
A business connection may
be conducted.
SUMMARY
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FINANCIAL SUMMARY |
DEBT COLLECTIONS
AND PAYMENTS |
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PROFITABILITY INDEBTNESS CASH |
Correct Nil Correct |
PUBLIC PAYMENTS |
No Regular |
ADVISED CREDIT
10,000 USD
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.48.43 |
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UK Pound |
1 |
Rs.84.54 |
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Euro |
1 |
Rs.65.91 |
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%)