MIRA
INFORM REPORT
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Report Date : |
09.08.2011 |
IDENTIFICATION DETAILS
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Name : |
ALNOR OIL COMPANY INC |
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Registered Office : |
874 Walker Road, Suite C, Dover, Kent, De, 19904 |
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Country : |
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Date of Incorporation : |
30.01.1997 |
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Legal Form : |
Corporation for Profit. |
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Line of Business : |
Supplier of Imported and Domestic Vegetable Oils. |
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 : |
1,000,000 USD |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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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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Legal Name: |
ALNOR OIL COMPANY INC |
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Legal Address |
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Operative Address |
70 E SUNRISE HIGHWAY STE 418, |
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Telephone: |
+1 (516) 561-61 46 |
Document Number : |
2712441 |
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Fax: |
+1 (516) 561-61 23 |
Legal Form: |
Corporation for Profit |
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Email: |
NA |
Registered in: |
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Website: |
NA |
Date Created: |
1968 |
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Manager: |
Marjorie Klayman, President |
Date Incorporated: |
January 30th,1997 |
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Staff: |
09 employees |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Supplier of imported and domestic
vegetable oils. |
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BANKS
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Name of the Bank |
HSBC BANK |
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Location |
1 HSBC CTR FL 29TH, |
BUSINESS
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HISTORY |
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ALNOR OIL COMPANY, INC is a private company created in 1968 by |
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PRINCIPAL ACTIVITY |
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ALNOR OIL COMPANY, INC is working as a supplier of imported and
domestic vegetable oils. |
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Products/Services description: |
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The company is providing: - Castor Oil & Castor Products - Drying Oils - Fatty Acids - Lauric Oils - Palm Oils - Unsaturated Vegetable Oils |
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Sales are: |
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Wholesale |
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Clients: |
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Industrial companies, retailers |
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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 Worldwide |
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Trade References: |
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Despite our searches we were not able to find any company's trade
references |
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The subject employs 09 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 company is headquartered at 70 E SUNRISE HIGHWAY STE 418, |
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Comments on location: |
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The company is incorporated in |
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Branches: |
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The company has locations around the |
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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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Management: |
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Marjorie Klayman, PRESIDENT Gordon Kaplan, VICE PRESIDENT & TREASURER Ray Linke, SALES MANAGER, CASTOR DEPARTMENT Joan Bassi, MANAGER, DRYING OILS DEPARTMENT Charlie Castellana, TRAFFIC MANAGER |
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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 the company's president who refused to provide
us any financial without knowing the name of the inquiring party. |
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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 |
2009 |
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Turnover |
40,000,000 |
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The cash flow is |
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Legal Fillings |
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There are several UCC files listed with the Secretary of State of New
York. 1.Filing Number: 6113437
8 Filing Date: 03-27-2006 Filing Jurisdiction: Filing Location: SECRETARY OF
STATE/UCC DIVISION FEDERAL & DUKE OF Filing History: FILING TYPE FILING DATE INITIAL FILING 03-27-2006 CONTINUATION 11-10-2010 Secured Party: HSBC BANK Secured Party Address: 1 HSBC CTR
FL 29TH BUFFALO NY 14203- 2801 Secured Party: HSBC BANK Secured Party Address: 1 HSBC CTR
FL 29TH BUFFALO NY 14203- 2801 Debtor: ALNOR OIL COMPANY, INC. Debtor Address: 70 Debtor: ALNOR OIL COMPANY, INC. Debtor Address: 70 Collateral Description: 03/27/2006
6113437 8 - ACCOUNTS RECEIVABLE;INVENTORY Collateral Count: 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 ** 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 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 good 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 medium company size with several years in the business. Looking at the company's financials, we can see that the turnover is
above average for its size. The company's income is pretty satisfying . Moreover the profitability is correct and the length of payment
remains regular. At this time, we believe that the company can bear a credit line in
the range of 1,000,000 USD |
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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 |
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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.44.96 |
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1 |
Rs.73.94 |
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Euro |
1 |
Rs.64.56 |
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.