MIRA
INFORM REPORT
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Report Date : |
04.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
SRIJI ENTERPRISES INC. |
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Registered Office : |
95 Woodcrest Drive,
Muttontown, NY 11791 |
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Country : |
United States |
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Date of Incorporation : |
14.06.1985 |
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Legal Form : |
Corporation - Profit |
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Line of Business : |
Importer and Distributor
of Metal Specialties, including Lining for Tubes, Tanks, Containers, and
other related products |
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 15,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Company name
SRIJI ENTERPRISES INC.
Address
95 Woodcrest Drive, Muttontown, NY 11791 – USA
Telephone : 516-921-9696
Fax : 516-921-9499
Website : --
summary
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Corporate
ID# : State : Judicial
form : Date
founded : Stock : Value: Name of manager: |
New York State does not
issue organizational identification numbers New York State Corporation - Profit 06-14-1985 - - Hima Jayesh SHAH |
ACTIVITIES
& OPERATIONS
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Business Staff: |
The Company is importer
and distributor of metal specialties, including lining for tubes, tanks,
containers, and other related products. 4 |
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Operations & branches: |
At above address, we find
a private house (see photo below) |
SHAREHOLDERS & MANAGERS
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Shareholders : |
SRIJI ENTERPRISES Mr. Rajan D. SHAH 56 T V Swamy Road, Coimbatore, 641002, Tamil Nadu, India Ph: 91-422-2553589 Fx: 91-422-2552386 |
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Management : |
Hima Jayesh SHAH is the
President and CEO. As far as we know, he is
not involved in other local business. |
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Subsidiaries & Partnership : |
None |
FINANCIALS
In United States, privately
held corporations are not required to publish any financials.
On a direct call, nobody
was available to answer our questions.
We sent a fax but no answer
was received.
However, sales estimate for
year 2007 is in the range of USD 500,000=
The business is said to be
profitable.
Banks
Habib American Bank
99 Madison Avenue, New
York, NY 10016
Ph: 212-532-4444
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) : |
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COMPANY
CREDIT HISTORY
According to our credit analysts, during the last 6 months, 72% of trade
experience indicates a regular payment.
Payments of imports are currently made with an average of 20 to 30 days
beyond terms.
The Company is improving
its payments, but the cash is low, due to high inventories and bad conditions
of the market.
The bank and financial
institutions confirmed a low cash.
The risk is medium.
Our opinion:
A business connection may
be conducted but we suggest you to check regularly the way of payments.
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CREDIT REQUIRED |
MAXIMUM CREDIT |
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Maximum |
USD 15,000= |
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%)