MIRA INFORM REPORT
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Report Date : |
13.04.2011 |
IDENTIFICATION DETAILS
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Name : |
SOPHIA FOODS INC |
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Registered Office : |
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Country : |
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Date of Incorporation : |
31.07.1995 |
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Com. Reg. No.: |
1943754 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Importer and Wholesaler Groceries |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 35,000. |
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Status : |
Small Company |
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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: |
Sophia Foods Inc |
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Address in the order: |
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Comments on data supplied: |
Dear client, We have found no companies at the address provided. Please, find below
the company's correct legal address. |
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Legal Name: |
SOPHIA FOODS INC |
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Legal Address |
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Telephone: |
+1 718-272-1110 |
Registration Number : |
1943754 |
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Fax: |
+1 718-272-1230 |
Legal Form: |
Corporation for Profit |
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Email: |
Registered in: |
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Website: |
http://www.mindpit.com
/projects/wholesalefood/contact_us.php |
Date Created: |
NA |
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Manager: |
Daniel Abitbul, President |
Date Incorporated: |
JULY 31st., 1995 |
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Staff: |
15 |
Stock: |
N.A |
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Value: |
N.A |
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Activity: |
Importer and wholesaler groceries |
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BANKS
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Name of the Bank |
NORTH FORK BANK |
BUSINESS
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HISTORY |
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The company was incorporated for business in 1995 |
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PRINCIPAL ACTIVITY |
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The subject company is an importer and wholesaler of food. |
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Products/Services description: |
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The company imports products such as pasta, cookies, oils, coffees,
and much more. |
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Sales are: |
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Wholesale |
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Brands: |
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Bauli, Balconi, Cedrinca, Costa D’Oro, Crich, Maltagliati |
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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 |
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The company imports from |
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The subject employs 15 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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At the above address we can find a |
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Branches: |
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The company reports no branch locations |
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 subject company is privately held. Daniel Abitbul is the owner. |
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Management: |
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- Daniel Abitbul, President |
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 operator of the company, 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 |
2009 |
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Turnover |
2,300,000 |
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The cash flow is |
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Legal Fillings |
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There are 2 UCC** files listed with the Secretary
of State of New York. 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 operations for 15
years. It has 15 employees, for this reason it is considered as a small sized
company. There were no legal filings found against
the company or its legal representative. The income per employee remains pretty
fair for the company's size. A credit line may be considered for USD
35,000. |
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 us any information 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.