MIRA INFORM REPORT
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Report Date : |
17.10.2008 |
IDENTIFICATION
DETAILS
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Name : |
ESSENTIAL LIVING FOODS INC. |
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Registered Office : |
922 Colorado
Avenue, Santa Monica, CA 90410 |
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Country : |
United States |
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Date of Incorporation : |
23.11.2004 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Wholesales Organic
Groceries. |
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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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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: |
Essential Living Foods Inc. |
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Address: |
922 Colorado
Avenue, Santa Monica, CA 90410, USA |
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Phone: Facsimile: ID: State: Managers: |
+ 1 (310)
319-1555 + 1 (310) 319-1557 PO40000161674 Florida Amrit Khalsa, Chief Executive Officer |
Date founded: |
Nov 23,
2004
Corporation for Profit N.A. N.A. 10 employees |
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Legal form: |
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Stock: Value: |
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Staff: |
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Business: |
Wholesales organic groceries. |
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BANKS
US Bancorp
BUSINESS
Business & Operations:
Essential Living Foods offers pure nutritious organic foods.
The company is traveling the world year-round in search of exotic
heirloom crops emerging from indigenous cultures and unspoiled ecosystems.
Their farming partners use only techniques available in growing and
harvesting, and use the most advanced technologies in drying, packaging, and
shipping the foods.
Essential Living Foods conducts multiple, rigorous third-party tests of
the purity and nutrient levels of their foods, ensuring that they exceed even
the strictest USDA, JAS, EUREGAP and Kosher standards.
SHAREHOLDERS – SUBSIDIARIES
– MANAGERS
The director of the company
is:
Amrit Khalsa, Chief
Executive Officer.
The parent company is Beon
Holdings Inc (Santa Monica, CA).
FINANCIALS – COMMERCIAL TRENDS
AND FORECAST
As a private company,
Essential Living Foods Inc. does not
publish any financials.
However our source provide us with the following information :
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Fiscal Year USD |
12/31/2007 |
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Turnover |
2,800,000 |
LEGALS
0 Suits
0 Judgments
0 Liens
0 Collection Claims
Reported
0 NSF Cheques Reported
1 UCC Filing in 2008 by
Rudolf Steiner Foundation securing Inventory & Accounts receivables. Amount:NA
1 UCC Filing in 2007 by Five Point Capital Inc securing
Leased Equipment. Amount: NA
1 UCC Filing in 2007 by US
Bancorp securing Leased Fixtures & Equipment. Amount: NA
All previous UCC Filings
have been cleared
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.
Cash is correct.
Our final opinion:
This is a small business
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 |
Good Controlled Good |
PUBLIC PAYMENTS |
No Regular |
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ADVISED CREDIT |
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50,000 USD |
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.48.68 |
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UK Pound |
1 |
Rs.84.37 |
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Euro |
1 |
Rs.65.70 |
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%)