MIRA INFORM REPORT
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Report Date : |
02.08.2011 |
IDENTIFICATION DETAILS
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Name : |
AMERICAN MULTIPLASTICS INC |
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Registered Office : |
19915 Cypresswood Sq Spring, TX 7373-3300 |
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Country : |
United States |
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Date of Incorporation : |
10.01.2005 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
The company is a total packaging solutions company |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Moderate |
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Payment
Behaviour : |
Unknown |
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Litigation : |
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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 – March 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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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 Multi Plastics Inc |
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Address in the order: |
19915 Cypresswood Square Spring Texas 77373 |
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Legal Name: |
AMERICAN MULTIPLASTICS INC |
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Legal Address |
19915 Cypresswood Sq Spring, TX 7373-3300, USA |
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Telephone: |
+1 (281) 651 9028 |
ID : |
0800437734 |
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Fax: |
+1 (281) 355 8155 |
Legal Form: |
Corporation for Profit |
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Email: |
Registered in: |
Texas |
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Website: |
Date Created: |
2004 |
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Manager: |
Hitesh K Shah, president |
Date Incorporated: |
January 10th, 2005 |
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Staff: |
2 |
Stock: |
NA |
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Value: |
NA |
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Activity: |
The company is a total packaging solutions
company. |
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BUSINESS
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HISTORY |
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The company was created in 2004. |
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PRINCIPAL ACTIVITY |
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Total packaging solutions company. |
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Products/Services description: |
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The company supplies all types of plastic films, vinyls, styrenes and
laminated paper for the entire range of packaging industry such as flexible packaging,
POP displays, folding cartons and gift wraps. |
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Sales are: |
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Wholesale |
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Clients: |
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Industries such as flexible packaging, laminations, insulation, tags
& labels, wire & cable, gift wrap, folding cartons, graphics, print
& media and other applications |
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Operations area: |
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National, International |
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The company export to Latin America, Europe and Asia |
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Competitors: |
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Kr Plastic, Inc. Plastics Film in Austin, TX |
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The subject employs 2 employee(s) |
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LOCATION |
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Headquarters |
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The company is headquartered at 19915 Cypresswood Square Spring, TX
77373, USA |
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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Hitesh K Shah, President. However, we were unable to confirm this because the person contacted
at the company refused to provide that information on grounds of
confidentiality. |
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Management: |
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Hitesh K Shah, president Sanjeev Mehta, 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 Hithesh K Shah, who refused
to provide us any financial data on grounds of confidentiality. |
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Comments on the financial data: Our financial
sources provided us with the estimated annual revenue of $400,000-. However, taking
into consideration that the company has not filled their annual report we
cannot confirm this. |
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Legal Fillings |
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There are no UCCs files listed with the Secretary of State of Texas. 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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AMERICAN MULTIPLASTICS INC is a small sized
US company as it currently has a staff of 2 employees. It was incorporated
for business in January 2005. Therefore, it has more than 5 years of
experience. It works in the packaging industry as a supplier
within the United States and it also exports its materials to other parts of
the world. There were no legal filings found against
the company or its legal representatives. However, there is no current payment
experience. Due to the fact that the company is NOT IN
GOOD STANDING in the Texas Secretary of State records, we strongly recommend
working with GUARANTEES. Also, we suggest a follow up within 6
months to check the company´s financial status. |
SUMMARY
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Profitability |
N.A. |
Public Records |
N.A. |
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Indebtedness |
N.A. |
Payments |
N.A. |
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Cash |
N.A. |
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APPENDIX
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Person Interviewed |
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Hithesh K Shah |
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Position |
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President |
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Comments |
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We have contacted Hithesh K Shah and he refused to give out any
information regarding the company without knowing the name of the inquiring
party. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.05 |
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UK Pound |
1 |
Rs.72.40 |
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Euro |
1 |
Rs.63.46 |
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.