MIRA
INFORM REPORT
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Report Date : |
16.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
NUKOTE COATING SYSTEMS INTERNATIONAL, LLC |
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Registered Office : |
14722 Spring Avenue,
Santa Fe Springs, CA 90670 |
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Country : |
United States |
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Date of Incorporation : |
04.22.2005 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Manufactures of Advanced Polymer Coating and Liner 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 50,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Company name
NUKOTE COATING SYSTEMS INTERNATIONAL, LLC
Address
14722 Spring Avenue, Santa Fe Springs, CA 90670 – USA
Telephone : 562-802-8834
Fax : 562-921-7363
Website : www.ncs-intl.net
summary
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Corporate
ID# : State : Judicial
form : Date
founded : Stock : Value: Name of manager: |
E235302005-8 Nevada LLC 04-22-2005 - - Laxmi GUPTA |
ACTIVITIES
& OPERATIONS
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Business Staff: |
Nukote Coating Systems International (NCSI) manufactures a wide range
of advanced polymer coating and liner products. Products includes PURE POLYUREAS , MODIFIED POLYUREAS, POLYURETHANES
and CERAMIC METAL POLYMERS 30 |
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Operations & branches: |
At above address, we find
a manufacture, warehouse and office, on 23,000 sq. feet, owned. Assessor ID#8069-004-035 The address given on your
request: 2250 Etropicana Avenue, Suite 19-621 Las Vegas, NV 89119 is the one of MAIL BOXES ETC… (a mail office center) |
SHAREHOLDERS & MANAGERS
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Shareholders : |
The Corporate headquarters are located: Nukote Coating Systems |
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Management : |
The managers are the
following: - S.C. BEAN - Laxmi GUPTA - Shalesh GUPTA - Graham H. HAMMETT - Michael S. OSBORNE |
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Subsidiaries & Partnership : |
Nukote Coating Systems maintains a sister company located in Shanghai
and Dafend Jiangsu, China. |
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. We sent a fax but no
answer was received. However, sales estimate
for year 2007 is in the range of USD 6,000,000= The business is said to
be profitable. |
Banks
Wells Fargo Ban
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) : |
None |
MARKET
ANALYSIS & FORECAST
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In the United States,
during the year 2007: - 76% of the corporations
in same branch were developing the business on a low risk of late payment, - 16%, on a medium risk,
and - 8% on a high risk of late payment. - 68% of them saw sales
stable versus last 3 years - 32% 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, 82% of
trade experience indicates a regular payment. Payments of imports are currently made with an average of 10 to 15
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 banks and financial
institutions confirmed a low account. 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 50,000= |
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.46.63 |
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UK Pound |
1 |
Rs.83.76 |
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Euro |
1 |
Rs.66.49 |
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%)