MIRA INFORM REPORT
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Report Date : |
09.04.2011 |
IDENTIFICATION DETAILS
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Correct Name : |
PDK WORLDWIDE ENTERPRISES INC |
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Registered Office : |
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Country : |
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Date of Incorporation : |
01.03.1995 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Textile Industry |
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 : |
Regular |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 31, 2010
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Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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a1 |
a1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
GEOPOLITICS
- UNITED STATES
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POLITICAL DATA |
ECONOMIC DATA |
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Form of Government: Federal
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Currency: USD |
IDENTIFICATION
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Ordered as: |
PDK Worldwide |
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Address in the order: |
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Comments on data supplied: |
Dear client: The address you provided us that of a non incorporated business unit.
We have learned that the company is located in |
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Legal Name: |
PDK
Worldwide Enterprises INC |
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Legal Address |
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Operative Address |
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Telephone: |
+1 (508) 676-2155 |
ID : |
043281328 |
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Fax: |
+1 (508) 676-2157 |
Legal Form: |
Corporation for Profit |
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Email: |
Registered in: |
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Website: |
Date Created: |
1993 |
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Manager: |
Paul Zheng, Owner |
Date Incorporated: |
March 1st, 1995 |
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Staff: |
26 |
Stock: |
N/A |
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Value: |
N/A |
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Activity: |
Textile industry |
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BANKS
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Name of the Bank |
Bank Of |
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Name of the Bank |
Bankboston, N. A |
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Name of the Bank |
Flagship Bank |
BUSINESS
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HISTORY |
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The company was created in the year 1993. |
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PRINCIPAL ACTIVITY |
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The company engages as a manufacturer and importer of top quality
home. |
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Products/Services description: |
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Blankets Handcrafted quilts Comforters Bedding ensembles |
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Sales are: |
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Retail |
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Brands: |
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South Studio Collection Picket fence Country Living The Quilt Rack Past time |
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Clients: |
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General clientele |
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Suppliers: |
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South Studio Collection Picket fence Country Living The Quilt Rack Past time |
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Operations area: |
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National, Local |
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The company imports from Worldwide |
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The company does not export |
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PAYMENTS |
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regular |
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LOCATION |
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Headquarters |
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The company is headquartered at |
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Branches: |
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The company has a showroom located in: |
Shareholders - Manager - Related Companies
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Shareholders Parent Company(ies): |
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The company is privately held and has Paul Zheng as the main shareholder. |
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Management: |
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Paul Zheng, Owner Katherine Zheng, Accountant |
Financials - COMMERCIAL TRENDS AND FORECAST
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As a private company the subject does not publish any financial
statements. |
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We have contacted a representative who refused to provide us any
financial data without knowing the name of the inquiring party. |
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However our financial sources could provide us with the following
data. Those figures are estimates provided by confidential banking and
financial institutions working with the company. |
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Currency |
DATE |
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USD |
2010 |
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Turnover |
3,100,000 |
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Legal Fillings |
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There are 10 UCC** files listed with the
Secretary of State of Massachusetts. There are no legal filings listed with the
District Court. THE COMPANY IS NOT LISTED ON THE OFAC
LIST.* For information: * The Specially Designated Nationals (SDN)
List is a publication of OFAC which lists individuals and organizations with
whom ** The Uniform Commercial Code (UCC) is
one of a number of uniform acts that have been promulgated in conjunction
with efforts to harmonize the law of sales and other commercial transactions
in all 50 states within the The UCC deals primarily with transactions
involving personal property (movable property), not real property (immovable
property). It allows a creditor to notify other
creditors about a debtor’s assets used as collateral for a secured
transaction by filing a public notice (financing statement) with a particular
filing office. The Uniform Commercial Code Bureau files
and maintains on financial obligations (including IRS liens) incurred by
individuals (in business as a sole proprietor), business entities and
corporations. |
Rating
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Local credit bureau gave a Correct credit
rate. |
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Final Opinion |
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The company has been in business for 18 years.
It has a staff of 26 employees which makes it a medium sized company. There were no legal filings found against
the company or its legal representatives. The company gave a correct profitability
for the year 2010. A credit line may be considered for USD
50,000 |
SUMMARY
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Profitability |
CORRECT |
Public Records |
NO |
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Indebtedness |
CONTROLLED |
Payments |
REGULAR |
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Cash |
N.A. |
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APPENDIX
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Person Interviewed |
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Male representative |
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Comments |
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He refused to provide us any financial data without knowing the name
of the inquiring party. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.04 |
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1 |
Rs.72.20 |
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Euro |
1 |
Rs.63.40 |
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 |
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 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.