MIRA INFORM REPORT
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Report Date : |
29.04.2011 |
IDENTIFICATION DETAILS
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Name : |
ANBAKAM METALS LLC |
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Registered Office : |
37 Meridian Rd Ste E Edison Nj 08820 |
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Country : |
United States |
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Date of Incorporation : |
30.06.2004 |
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Com. Reg. No.: |
0400056840 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Manufacturer in ferrous, non-ferrous scrap products |
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 : |
70,000 USD |
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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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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: |
Anbakam Metals LLC |
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Address in the order: |
1200 Tices Lane Suit 201 East Brunswick NJ 08816 |
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Legal Name: |
ANBAKAM METALS LLC |
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Legal Address |
37 MERIDIAN RD STE E EDISON NJ 08820 USA (Registered Agent Address) |
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Operative Address |
1200 Tices Ln Ste 201 East Brunswick, NJ, 08816, USA |
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Telephone: |
+1 (732)-710-43 60 |
Registration Number : |
0400056840 |
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Fax: |
+1 (732)-316-18 32 |
Legal Form: |
Limited Liability Company |
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Email: |
Registered in: |
New Jersey |
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Website: |
Date Created: |
2004 |
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Manager: |
Siva Balasubramaniam, Manager |
Date Incorporated: |
June 30th 2004 |
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Staff: |
31 employees |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Manufacturer in ferrous, non-ferrous scrap products. |
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BANKS
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Name of the Bank |
HSBC BANK |
BUSINESS
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HISTORY |
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The company was incorporated in 2006 and is headquartered in East
Brunswick, NJ. |
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PRINCIPAL ACTIVITY |
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The company is a trading company with trading offices, processing facilities
and warehousing world-wide. It specializes in ferrous, non-ferrous scrap
products. |
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Products/Services description: |
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It offers products such as ferrous scrap, non-ferrous scrap, stainless
scrap, beams, angles, channels, billets, ingots and slabs. |
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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 imports from Worldwide |
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The company export to India, Vietnam, Taiwan, Malaysia, Pakistan, |
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Trade References: |
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The person contacted refused to provide the names of their suppliers
on grounds of confidentiality |
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The subject employs 31 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 subject is headquartered at 1200 Tices Ln Ste 201, East Brunswick,
NJ 08816-1335, USA. The legal address is that of registered agent. |
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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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Listed at the stock exchange: |
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NO |
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Shareholders Parent Company(ies): |
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This is a private company. Despite our long searches, we could not
identify the shareholders. |
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Management: |
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Siva Balasubramaniam, 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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However our financial sources could provide us with the following
data: |
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Currency |
DATE |
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USD |
2009 |
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Turnover |
4,600,000 |
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Currency |
DATE |
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USD |
2008 |
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Turnover |
4 300 000 |
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Operating Income |
57 000 |
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Net Income |
40 000 |
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Net worth |
150 000 |
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Liabilities |
40 000 |
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The cash flow is |
normal |
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Legal Fillings |
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There are several UCC files listed with
the Secretary of State of New Jersey. There are no legal filings listed with the
District Court. For information: 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 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 company size with a few
years in the business The company's turnover has increased in
2010 and it can be considered fair for its size. Moreover, the profitability is correct and
the length of payment remains regular. We believe that the company can bear a
credit line in the range of 70,000 USD |
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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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.33 |
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UK Pound |
1 |
Rs.74.14 |
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Euro |
1 |
Rs.65.78 |
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.