MIRA
INFORM REPORT
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Report Date : |
02.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
PRECISE KIT PROMOTIONS, INC. |
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Formerly Known as : |
PRECISE PROMOTIONS, INC. |
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Registered Office : |
10 S. Franklin Turnpike,
Suite 100, Ramsey, NJ 07446 |
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Country : |
United States |
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Date of Incorporation : |
22.01.1971 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Importer and Wholesaler
Distributor of Quality Kits, Gifts etc |
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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Maximum Credit Limit : |
USD 500,000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Company name
PRECISE KIT PROMOTIONS, INC.
Address
10 s. Franklin Turnpike, Suite 100, Ramsey, NJ 07446 –
USA
Telephone : 201-327-5010
Fax : 201-327-5211
Website : www.precisekit.com
summary
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Corporate
ID# : State : Judicial
form : Date
founded : Stock : Value: Name of manager: |
7152926000 New Jersey Corporation – Profit 01-22-1971 10,000 shares common No par value Steven GOULD |
ACTIVITIES
& OPERATIONS
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History: Business Staff: |
Name changed from PRECISE
PROMOTIONS, INC. Importer and wholesaler
distributor of quality kits, gifts and
supplies, including: - Quality of life Gift Pacs for our military stationed around the
world acrylic blankets, Flood
Clean-up Kits, Hygiene kits, Mass care
upplies with logo
imprint, Response Trailers and
generators, 14 |
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Operations & branches: |
At above address, we find
a showroom and office, on 2,400 sq. feet, leased. The Company maintains a
branch located: 1821 Broad St # 1, Utica, NY 13501 Ph : 315) 797-0276 |
SHAREHOLDERS & MANAGERS
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Shareholders : |
This is a family owned and managed company. |
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Management : |
Steven GOULD is the
President and CEO Evan GOULD is Vice
President. As far as we know, he is
they are not involved in other local business. |
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Subsidiaries & Partnership : |
None |
FINANCIALS
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In United States, privately
held corporations are not required to publish any financials. On a direct call, nobody
accepted to answer our questions. Sales declared for year
2007 is USD 25,754,000= The business is
profitable. |
Banks
First Union National Bank
LEGAL FILINGS
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Legal filings
& complaints : |
As of today date, there
is no legal filings pending with the District Courts. |
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Secured debts
summary (UCC) : |
File number: 2068488 Date filed: June 19,2006 Secured Party: First
Union National Bank 190 River Road,
Summit, NJ 08901 |
MARKET
ANALYSIS & FORECAST
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In the United States,
during the year 2007: - 92% of the corporations
in same branch were developing the business on a medium risk of late payment, - 8% on a high risk of late payment. - 16% of them saw sales
stable versus last 3 years - 84% declining A high percentage of late
payment may indicate that companies in this industry are experiencing cash flow
problems, that suppliers generally accept late payment as part of doing
business, or that on-time payment is not customary in this industry. Companies entering such
markets should not expect to be paid on time. The market appears to be
slow. |
COMPANY
CREDIT HISTORY
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According to our credit analysts, during the last 6 months, 92% of
trade experience indicates a regular payment. Payments of imports are currently made with an average of 5 to 10 days
beyond terms. The Company is improving its
payments, but the cash remains low, due to high inventories and bad
conditions of the market. However, the Company
maintains a regular business. The risk is low. Our opinion: A business connection may
be conducted. |
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CREDIT REQUIRED |
MAXIMUM CREDIT |
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Maximum |
USD 500,000= |
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.37 |
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UK Pound |
1 |
Rs.78.09 |
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Euro |
1 |
Rs.63.41 |
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%)