MIRA INFORM REPORT

 

 

Report Date :

24.10.2008

 

 

IDENTIFICATION DETAILS

 

Correct Name :

MOUNT ROCK, INC

 

 

Formerly Known as :

CROOKED INK INC

 

 

Registered Office :

252 West 38th Street, Suite 1401, New York, NY 10018

 

 

Country :

United States

 

 

Date of Incorporation :

07.12. 2005

 

 

Legal Form :

Corporation – Profit

 

 

Line of Business :

Retail Clothing.

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Moderate

 

 

Payment Behaviour :

No Complaints

 

 

Litigation :

Clear

 


 

Company Name       

 

MOUNT ROCK, INC

Company acronym:     (formerly CROOKED INK INC)

 

 

Contact Information

 

Address

19 W. 34th Street, Suite 927

New York, NY 10001

USA

Telephone

212-920-4447 (that line does not receive incoming calls)

Fax

-

Website

-

 

 

Registration Data

 

Date of Registration

December 7, 2005

Registration number

New York State does not issue organizational ID numbers

Legal address

252 West 38th Street, Suite 1401

New York, NY 10018

USA

Legal Form

Corporation – Profit

Share Capital

-

Other Registration Data

Name change from CROOKED INK INC. on January 2008.

 

 

Shareholders with Shares

 

Shareholder Names

Share%

Azam MOHAMMED

100

 

 

Board/Executive

 

Name

Azam MOHAMMED

Position within the company

President

 

 

Name

Mirza AYUB

Position within the company

CEO

 

 

Changes in Registration Data

 

None recorded

 

Activities (realistic and officials)

 

The Company is listed as a retail clothing.

 

 

Staff

 

Number of staff employed

-

 

 

Export/Import

 

(Countries, goods and total values for the period)

 

Imports From

-

 

Exports To

-

 

 

Facilities

 

Owned Rented

Unknown at above locations.

 

Premises Size

-

 

 

Subsidiaries and Participation

 

Parent Company

-

Subsidiaries

-

Affiliates

-

 

 

Branches

 

Address

-

 

 

Bankers

 

Bank

No bank account found

 


 

Suppliers, Partners

 

Suppliers

Not known

Partners

Not known

 

 

Litigation, Remarks on Payment

 

Litigation

None Recorded

Remarks on Payment

No Complaints

 

 

Financial Information

 

Source

-

Figures are

-

Currency

-

 

 

Reporter Comments

 

Comments

That business is unknown at the locations obtained:

- 19 W. 34th Street, Suite 927, New York, NY

- 252 W. 38th Street, Suite 1401, New York, NY

 

On the Yellow Pages, we found another location

512 Fashion Avenue, New York, NY

The Company is unknown there.

 

On the White Pages, we found Azam MOHAMMED

51 8th Street, New York, NY

Ph: 212-461-6900

The phone never answers.

 

We suggest you to be extremely careful.

 

MAX CREDIT

No credit

 


 

NEWS

 

Source

Arab Steel News

Article

MPT - In November 2003, Universal Metal Coating Company awarded Danieli a contract for the turnkey supply of a 250.000 t/ year complex for the production of galvanized coils.
The project, which includes a pushing pickling line, a single-stand cold reversing mill, a continuous hot-dip galvanized line, slitting, recoiling and inspection line will be the first private sector facility for the production of galvanized coils.
Danieli will supply all the production lines as well as the necessary auxiliary facilities, such as acid regeneration plant, water treatment plant, compressed air production plant, hydrogen generation plant, electric power distribution, roll grinding shop, laboratory and production offices.
The heat treatment furnace as well as air knives and pot equipment for the galvanizing section will be provided by Danieli Kohler Centro Combustion and Danieli Automation will supply the complete automation and electrical systems.
Plant construction will start in April 2004 and production is expected to start in early 2006.

Date

03/05/08

Source

Arab Steel News

Article

UNICOIL Increase of Exports and Production in 1st Q ArabSteel - Production of Universal Metal Coating Company, Ltd (UNICOIL) during the first quarter of 2008 amounted to 49482 tons of cold-rolled products against 36291 tons during the same period in 2007. The company's production of coated and galvanized coils during the first three months of 2008 amounted to 74752 tons  against 62549 tons during the same period in 2007.
Exports of the galvanized and coated products during the first three months of 2008 amounting to 16181 tons account for 21.6% of the total production, while 37511 tons were sold to the domestic market. During the first quarter of 2008 sales to the domestic market which amounted to 25500 tons increased by about 12000 tons compared to the same period in 2007. Sales prices, whether to the domestic market or for exports, saw significant rises during the first months of 2008 compared to the same period in 2007.
According to Mr. Fahad Zamil Al-Thukair, President of the company, these rises began to appear clearly since the beginning of the third quarter of 2007 as a result of the high prices of the raw materials which saw rises ranging between 65 – 80%. According to Mr. Al-Thukair, these rises in prices taking place to the finished product came from the hot-rolled coils which, for UNICOIL, are considered raw materials in the production operations for cold-re -rolling and galvanizing. This increase came up to approximately 50% compared to 2007 and it is going on with further increases.

 

 

 

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.49.95

UK Pound

1

Rs.79.56

Euro

1

Rs.63.65

 

 

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