MIRA INFORM REPORT
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Report Date : |
09.04.2011 |
IDENTIFICATION DETAILS
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Name : |
PHOENIX AROMAS&ESSENTIAL OILS HOLDINGS
INC |
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Formerly Known As : |
Phoenix Aromas & Essential Oils, Inc. |
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Registered Office : |
42 Broadway, |
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Country : |
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Date of Incorporation : |
16.05.1994 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Supplies flavor and fragrance materials |
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: 100 USD = 81.70 EUR |
IDENTIFICATION
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Ordered as: |
Phoenix Aromas&Esential Oils Inc |
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Address in the order: |
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Legal Name: |
PHOENIX AROMAS&ESSENTIAL OILS HOLDINGS INC |
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Legal Address |
42 Broadway, |
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Operative Address |
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Telephone: |
+1 (201) 784-6100 |
ID : |
1820812 |
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Fax: |
+1 (201) 784-8566 |
Legal Form: |
Corporation for Profit |
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Email: |
Registered in: |
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Website: |
Date Created: |
1994 |
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Manager: |
Jean Paul Berveriste, President |
Date Incorporated: |
MAY 16, 1994 |
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Staff: |
18 |
Stock: |
200 |
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Value: |
No Par Value |
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Activity: |
Supplies flavor and fragrance materials |
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BANKS
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Name of the Bank |
REGIONS BANK |
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Name of the Bank |
WELLS FARGO BANK, N.A. |
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Name of the Bank |
JPMORGAN CHASE BANK, NA |
BUSINESS
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HISTORY |
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The company was created in 1994. It was formerly known as Phoenix Aromas & Essential Oils, Inc. In NOV 18, 2009 the company changed its name to Phoenix Aromas &
Essential Oils Holdings, Inc. |
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PRINCIPAL ACTIVITY |
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Supplies flavor and fragrance materials |
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Products/Services description: |
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It offers various essential oils, aroma chemicals, natural aroma
chemicals, and absolutes and oleoresins. It provides essential oils and aroma chemicals to the flavor and
fragrance trade, including finished food and beverage companies as well as
consumer goods companies. |
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Sales are: |
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Wholesale |
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Clients: |
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Professionals of the industry |
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Suppliers: |
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The person contacted refused to provide the name of the suppliers for
us to check trade references |
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Operations area: |
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National, International, Local |
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The company imports from |
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The subject employs 18 employee(s) |
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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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Surface area: |
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30,000 sq ft of warehouse |
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Comments on location: |
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The company is incorporated in |
Shareholders - Manager - Related Companies
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Listed at the stock exchange: |
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NO |
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Shareholders Parent Company(ies): |
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The company is privately held. Jean Paul Berveriste is the main
shareholder. |
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Management: |
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Jean Paul Berveriste, President Rhonda Chiacchiaro, Finance Controller |
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 the company but they who refused to provide us any
financial data on grounds of confidentiality. |
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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 |
2009 |
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Turnover |
3,300,000 |
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The cash flow is |
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Legal Fillings |
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There are several UCC** files listed with
the Secretary of State of 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. The company is in Good Standing. This
means that all local and federal taxes were paid on due date. |
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Final Opinion |
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This is a small sized There were no legal filings found against
the company or its legal representatives. The income per employee is pretty fair for
the company's size. A credit line may be consider for USD
50,000 |
SUMMARY
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Profitability |
CORRECT |
Public
Records |
NO |
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Indebtedness |
N.A. |
Payments |
REGULAR |
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Cash |
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APPENDIX
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Position |
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Operator |
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Comments |
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The person contacted refused to provide any information of the company
on grounds of confidentiality. |
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.