MIRA INFORM REPORT
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Report Date : |
27.04.2011 |
IDENTIFICATION DETAILS
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Name : |
AMERICAN FOOD & BEVERAGE CORPORATION |
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Registered Office : |
25 Truman Drive, Edison, Nj
08817 |
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Country : |
United States |
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Date of Incorporation : |
24.06.2008 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Grocery Merchant Wholesalers |
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: |
American Food And Beverage |
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Address in the order: |
Main Warehouse 625 Jersey Ave New Brunswick NJ08520 New Jersey |
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Comments on data supplied: |
Please note that the address provided is that of a warehouse of the
company. The headquarters address is listed below. |
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Legal Name: |
AMERICAN FOOD & BEVERAGE CORPORATION |
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Legal Address |
25 TRUMAN DRIVE, EDISON, NJ 08817, USA |
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Telephone: |
(732) 249-7500 |
ID : |
0400237764 |
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Fax: |
(732) 985-3445 |
Legal Form: |
Corporation for Profit |
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Email: |
NA |
Registered in: |
New Jersey |
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Website: |
NA |
Date Created: |
2008 |
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Manager: |
Marian Meshrekey, President |
Date Incorporated: |
June 24th, 2008 |
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Staff: |
29 |
Stock: |
100 |
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Value: |
No par value |
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Activity: |
Grocery Merchant Wholesalers |
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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 2008. |
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PRINCIPAL ACTIVITY |
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The company is engaged in Grocery Merchant Wholesaling. |
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Products/Services description: |
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The company distributes groceries, such as Food and Beverages. |
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Sales are: |
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Wholesale |
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Operations area: |
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National |
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The company imports from worldwide |
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The company does not export |
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The subject employs 29 employee(s) |
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PAYMENTS |
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made on a 30 days basis - monitored over the last 12 months |
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LOCATION |
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Headquarters |
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The company is headquartered at: 25 TRUMAN DRIVE, EDISON, NJ 08817,
USA |
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Branches: |
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625 Jersey Ave, New Brunswick NJ08520, New Jersey, USA |
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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. Marian Meshrekey is the major shareholder of the company. |
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Management: |
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Marian Meshrekey, President |
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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 Mr. John, Accounting Department, who provided
us with the following data: |
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Currency |
DATE |
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USD |
2009 |
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Turnover |
8,000,000 |
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The cash flow is |
normal |
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Legal Fillings |
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There are no UCC** files listed with the
Secretary of State of New Jersey. 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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The company is not in Good Standing. This
means that some local and federal taxes were not paid on due date. |
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Final Opinion |
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This is a small sized American company. It
employs 29 people and has been in business for 2 years. The company`s status in de Secretary of
State of New Jersey is: "REVOKED FOR NOT FILING ANNUAL REPORT FOR 2
CONSECUTIVE YEARS". However, they told us that they have filed the
reports 3 weeks ago. We can state that the company is currently
doing business. However, due to its status, we strongly
suggest working with GUARANTEES and a follow-up within the next 6 months. |
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SUMMARY
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Profitability |
CORRECT |
Public Records |
NO |
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Indebtedness |
CONTROLLED |
Payments |
REGULAR |
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Cash |
NORMAL |
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APPENDIX
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Person Interviewed |
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Mr. John |
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Position |
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Accounting Department |
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Comments |
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The person contacted provided us the following information: Address Creation date President`s name Shareholder Number of employees Exports Imports Payment tu suppliers Estimated annual revenue He also stated that the company has filed the annual reports 3 week
ago. |
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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.59 |
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UK Pound |
1 |
Rs.73.44 |
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Euro |
1 |
Rs.64.81 |
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 |
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NB |
New Business |
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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.