MIRA
INFORM REPORT
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Report Date : |
20.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
EARTH STONE & TILE INC. |
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Registered Office : |
145 Division Street,
Elizabeth, NJ 07201 |
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Country : |
United States |
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Date of Incorporation : |
02.01. 2002 |
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Legal Form : |
Corporation – Profit |
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Line of Business : |
Imports and Distributes of High Quality Natural Stone |
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 20,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Company name
EARTH STONE & TILE INC.
Address
145 Division Street, Elizabeth, NJ 07201 – USA
Telephone : 908-352-4777
Fax : 908-352-2233
Website : www.earthstoneinc.com
summary
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Corporate
ID# : State : Judicial
form : Date
founded : Stock : Value: Name of manager: |
0100867774 New Jersey Corporation – Profit January 2nd,
2002 200 shares common No par value Deepak BHALLA |
ACTIVITIES
& OPERATIONS
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Business Staff: |
Earth Stone & Tile imports and distributes high quality natural
stone such as granite, marble, slate, travertine, limestone, onyx and others in the form
of polished tiles and slabs in New Jersey and its surrounding areas. 5 |
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Operations & branches: |
At above address, we find
a showroom, warehouse and office, on lease. |
SHAREHOLDERS & MANAGERS
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Shareholders : |
This is a family owned and managed company. |
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Management : |
Deepak BHALLA is the
President and CEO. He is also the Member and
Manager of: Divine Earth Creations,
LLC New Jersey ID# 0600308047 Sudhir WADHERA is
Secretary. |
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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 700,000=
The business is said to be
profitable.
Banks
Bank of America
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) : |
There are 2 UCC files listed with the Secretary of State of New Jersey
under ID# 23091818 and 21203817 |
MARKET
ANALYSIS & FORECAST
In the State of New Jersey,
during the year 2007:
- 88% of the corporations
in same branch were developing the business on a low risk of late payment,
- 12%, on a medium risk,
and
- 8% on a high risk of late payment.
- 28% of them saw sales
stable versus last 3 years
- 72% 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
COMPANY
CREDIT HISTORY
According to our credit analysts, during the last 6 months, 93% of trade
experience indicates a regular payment.
Payments of imports are currently made with an average of 2 to 5 days
beyond terms.
The Company maintains a
regular business.
The banks and financial
institutions confirmed a correct credit history.
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 20,000= |
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.46.32 |
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UK Pound |
1 |
Rs.83.57 |
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Euro |
1 |
Rs.65.90 |
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%)