MIRA INFORM REPORT
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Report Date : |
12.04.2011 |
IDENTIFICATION DETAILS
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Name : |
GAZELLE MARKETING INC |
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Registered Office : |
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Country : |
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Date of Incorporation : |
16.08.1985 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Plumbing and Heating Equipment and Supplies |
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 1,000,000 |
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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: |
Gazelle Marketing Inc |
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Address in the order: |
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Legal Name: |
Gazelle Marketing Inc |
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Legal Address |
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Operative Address |
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Telephone: |
+1 (763) 550-9292 |
ID : |
4Z-1096 |
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Fax: |
+1 (763) 550-9293 |
Legal Form: |
Corporation for Profit |
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Email: |
Registered in: |
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Website: |
Date Created: |
1985 |
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Manager: |
Roy Granum, President |
Date Incorporated: |
August 16th, 1985 |
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Staff: |
6 |
Stock: |
N/A |
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Value: |
N/A |
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Activity: |
Plumbing and Heating Equipment and Supplies. |
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BANKS
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Name of the Bank |
Venture Bank |
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Name of the Bank |
Jpmorgan Chase Bank |
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Name of the Bank |
First American Bank |
BUSINESS
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HISTORY |
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The company was created in the year 1985. |
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PRINCIPAL ACTIVITY |
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The company was founded in the concept of specializing in representing
manufacturers of quality industrial hoses, fittings, clamps and related
products. |
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Products/Services description: |
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Worm Gear Clamps T-Bolt Clamps Tube and Pipe Clamps Preformed Bulk Banding, Accessories, and Tools Ducting Hose |
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Sales are: |
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Wholesale |
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Brands: |
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Hosetract Dynamic Fluid Components General Cab MFG |
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Clients: |
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Various industries |
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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 export to Worldwide |
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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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There were no branches found for this company. |
Shareholders - Manager - Related Companies
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Shareholders Parent Company(ies): |
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This is a privately held company. Despite our long searches it has not
been possible to identify the shareholders. |
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Management: |
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Roy Granum, President David Hoek, General Manager |
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 Dan who confirmed all of the information showed on
this report, but 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 |
2010 |
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Turnover |
6,608,000 |
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Legal Fillings |
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There are 93 UCC** files listed with the
Secretary of State of Minnesota. 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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The company has been in business for 26
years. It has a staff of 6 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
1,000,000 |
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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Chris (Representative) Dan (accountant) |
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Comments |
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We talked to the representative first, who kindly transferred us to the
acct dept. We spoke to Dan who confirmed all of the information showed on
this report, but refused to provide us any financial data 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.44.22 |
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1 |
Rs.72.26 |
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Euro |
1 |
Rs.63.90 |
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 |
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.