MIRA
INFORM REPORT
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Report Date : |
05.08.2011 |
IDENTIFICATION DETAILS
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Name : |
RAINBOW CHEMICALS COMPANY |
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Registered Office : |
357 Eaton St.Northfield, IL 60093, USA (Provided by the Illinois Secretary of State) |
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Country : |
United States |
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Date of Incorporation : |
03.01.1990 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
The company is a direct source of specialty chemicals and organic intermediates from Asia. |
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 : |
Unknown |
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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 – 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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Comments on data supplied: |
We couldn't verify the address due to the fact that we were unable to
reach someone with the contact information we have. |
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Legal Name: |
Rainbow Chemicals Company |
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Legal Address |
357 Eaton St.Northfield, IL 60093, USA (Provided by the Illinois
Secretary of State) |
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Telephone: |
+1 (847) 862-9300 (Automatic voicemail) |
ID : |
55822425 |
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Fax: |
+1 (847) 862-9306 |
Legal Form: |
Corporation for Profit |
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Email: |
info@rainbowchemicals.com |
Registered in: |
Illinois |
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Website: |
http://www.rainbowchemicals.com/ |
Date Created: |
- |
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Manager: |
Ajit V Mehta, President |
Date Incorporated: |
January 3rd 1990 |
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Staff: |
NA |
Stock: |
NA |
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Value: |
NA |
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Activity: |
The company is a direct source of specialty chemicals and organic
intermediates from Asia. |
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BUSINESS
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PRINCIPAL ACTIVITY |
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The company is a direct source of specialty chemicals and organic intermediates
from Asia. |
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Products/Services description: |
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The company acts on behalf of its suppliers to provide its customers
sales related services. It also offers Biological Stains and Dyes, Indicators, Specialty Colorants, Pigments and
Toners, Dyes for Plastics, Organic Intermediates, Fatty Amines and Short
Chain Amines, Specialty Chemicals and Organic Synthesis. |
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Sales are: |
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Wholesale |
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Clients: |
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Profesionals of the industry. |
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Operations area: |
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National |
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The company imports from Asia |
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LOCATION |
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Headquarters |
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The company is headquartered at 910 Skokie Blvd, Suite 112, Northbrook
IL 60062, USA (Provided by the company's website) |
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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Despite our long searches, we couldn't reach the shareholders for the
company requested. |
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Management: |
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Ajit V Mehta, President Yogesh V Mehta, Secretary (Provided by the Illinois Secretary of State) |
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Financials - COMMERCIAL TRENDS AND FORECAST
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We have tried to contact someone during business hours at the company's
with no positive results. |
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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 |
2007 |
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Turnover |
205,000 |
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Operating Income |
9,000 |
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Net Income |
4,000 |
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Net worth |
20,000 |
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Bank liabilities |
17,000 |
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Legal Fillings |
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There are several UCCs files
listed with the Secretary of State of Illinois. There are no legal filings listed with the District Court. The last annual report was filed in 2010. 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. |
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Rating
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Local credit bureau did not rate this company. 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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For the company requested, we couldn’t contact their personnel during
business hours because the phone number lead us to an automatic voicemail. The primary information was obtained through the Illinois Secretary of
State and the business website. However, the company is listed as ACTIVE in the Secretary of State. We suggest a monitoring report within 6 months, in order to check the
evolution. In the meantime, we advice working with guarantees. |
SUMMARY
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Profitability |
N.A. |
Public Records |
NO |
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Indebtedness |
N.A. |
Payments |
N.A. |
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Cash |
N.A. |
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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.44.41 |
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1 |
Rs.72.70 |
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Euro |
1 |
Rs.63.55 |
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.