MIRA INFORM REPORT

 

 

 

Report Date :

19.10.2008

 

IDENTIFICATION DETAILS

 

Name :

ELASTOMER INC.

 

 

Registered Office :

9594 Nw 41st St Ste 209, Miami, FL 33178-2909

 

 

Country :

United States

 

 

Date of Incorporation :

26.06.1997

 

 

Legal Form :

Corporation for Profit

 

 

Line of Business :

Fabric Mill

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

USD 5,000

 

 

Status :

Small Company

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

                  

ADVISED CREDIT

 

5,000 USD

 

 

GEOPOLITICS

 

 

POLITICAL DATA

 

 

ECONOMIC DATA

FORM OF GOVERNMENT

 

ECONOMIC RISK

Federal

 


None

 

CURRENCY

 

BRANCH SITUATION

 

USD

 

Satisfying

 

 

IDENTIFICATION

 

Company Name:

 
 

 Elastomer Inc.

 

 

Address:

 

 

9594 Nw 41st St Ste 209,

Miami, FL 33178-2909,

USA  

 

Phone:

 

Facsimile:

 

ID:

 

State:

 

Managers:

 

+ 1 (305) 436-8915

 

+ 1 (305) 436-8956

 

0430747

 

North Carolina

 

Prabhakar M Chandrachud, President

 

 

Date founded:

 

 

06/26/1997

 

 

Corporation for Profit

 

N.A.

 

N.A.

 

 

5 employees

 

Legal form:

 

Stock:

 

Value:

 

 

Staff:

Business: 

Fabric mill.

 

 

BANKS

 

Bank of America

 

BUSINESS

 

Business & Operations:

 

Elastomer Inc. is a private company headquartered in Miami, Florida.

 

Elastomer Inc. is a manufacturer of rubber products for:

 

-Mechanical use processed and synthetic rubber,

 

-Elastomers,

 

-Thermoset plastics,

 

-Thermoplastic plastics,

 

-Natural rubber…

 

The company is the exclusive distributer for the company Bestretch Elastomers International Limited.

 

The company is working worldwide.

 

 

SHAREHOLDERS – SUBSIDIARIES – MANAGERS

 

The director of the company is:

 

Prabhakar M Chandrachud, President.

 

He is also one of the main shareholders.

 

 

FINANCIALS – COMMERCIAL TRENDS AND FORECAST

 

As a private company, Elastomer Inc. does not publish any financials.

 

However our source provide us with the following information :

 

 

 

Fiscal Year

USD

 

12/31/2007

 

 

 

Turnover

210,000

 

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 that all local and federal taxes were paid on due date.

 

-        The cash flow is correct.

 

-        Payments are made on a regular basis.

 

Our final opinion

 

This is a small Company working on the global market.

 

The company has been on market for almost ten years but its income is pretty low.

 

A credit line may be considered.

 

 

SUMMARY

 

 

FINANCIAL SUMMARY

 

 

DEBT COLLECTIONS AND PAYMENTS

PROFITABILITY

 

INDEBTNESS

 

CASH

 

Correct

 

Controlled

 

Correct

 

PUBLIC

 

PAYMENTS

 

 

See above

 

Regular

 

 

ADVISED CREDIT

 

5,000 USD

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.48.68

UK Pound

1

Rs.84.37

Euro

1

Rs.65.70

 

 

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%)

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions