MIRA INFORM REPORT
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Report Date : |
21.04.2011 |
IDENTIFICATION DETAILS
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Name : |
MORE MPG PLUS INC |
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Registered Office : |
21803 Quincy Str NeCedar, MN, 55011 |
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Country : |
United States |
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Date of Incorporation : |
18.02.2009 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Manufacturer and seller of Switches and DEFIES for HHO users |
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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Status : |
Moderate |
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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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United States |
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: |
More MFG Plus Inc |
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Address in the order: |
21803 Quincy ST Necedar Minnesota 55011, U.S. |
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Legal Name: |
More MPG Plus Inc |
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Legal Address |
21803 Quincy Str NeCedar, MN, 55011, U.S. |
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Telephone: |
+1 (763) 434-7541 // +1 (612)
816-7731 |
ID: |
3217048-2 |
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Fax: |
+1 (763)4347541 |
Legal Form: |
Corporation for Profit |
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Email: |
Registered in: |
Minnesota |
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Website: |
Date Created: |
2009 |
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Manager: |
Stephen Lutz, Founder and CEO |
Date Incorporated: |
February 18, 2009 |
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Staff: |
14 |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Manufacturer and seller of Switches and DEFIES for HHO users |
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BANKS
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Name of the Bank |
Bank of America |
BUSINESS
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HISTORY |
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The company was created in the year 2009. |
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PRINCIPAL ACTIVITY |
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The company is dedicated to providing a quality-built, convenient and
safe HHO system to help achieve better gas mileage for vehicles. |
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Products/Services description: |
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HHO Generators: KEX180XDC3-59-R (Extreme 180) KEX180X2DC3-59-R (Extreme 180 X2) KEX180X3DC3-59-R (Extreme 180 X3) KEX180X4DC3-59-R (Extreme 180 X4) DEFIEs: DEFIE-001 (Single Sensor DEFIE) Voltage Sensitive Switches: VSS-002 (Voltage Sensitive Switch 002) |
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Sales are: |
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Wholesale |
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Clients: |
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Various industries |
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Operations area: |
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National, International |
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The company does not import |
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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 in 21803 Quincy Str Necedar, MN, 55011,
U.S. |
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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Stephen Lutz, Founder and CEO |
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 refused
to provide us any financial data on grounds of confidentiality. |
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Legal Fillings |
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There are no UCCs 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 United States citizens and permanent residents are prohibited from doing
business. ** 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 United States of America. 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 Low 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 company has been incorporated for
business for 1 year; it has a staff of 14 employees which makes it a small
sized company. There were no legal filings found against the
company or its legal representatives and we did found payment experience. No financial data was found. According to the fact that the company has
been doing business for such a short time we suggest working with GUARANTEES. |
SUMMARY
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Profitability |
N.A. |
Public Records |
NO |
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Indebtedness |
N.A. |
Payments |
REGULAR |
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Cash |
N.A. |
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APPENDIX
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Person Interviewed |
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Sheryl |
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Comments |
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We contacted the company but Sheryl refused to provide us any kind of
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.44.38 |
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UK Pound |
1 |
Rs.72.56 |
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Euro |
1 |
Rs.63.92 |
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.