MIRA
INFORM REPORT
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Report Date : |
17.02.2011 |
IDENTIFICATION DETAILS
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Name : |
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Registered Office : |
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Country : |
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Date of Incorporation : |
12.09.2006 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Slab and Tile Supplier |
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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Maximum Credit Limit : |
USD 15,000 |
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Status : |
Small Company |
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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 – June 30, 2010
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Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
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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 Economic Risk: Nil |
Currency: USD |
IDENTIFICATION
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Legal Name: |
Alliance Minerals North America LLC |
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Legal Address |
1575 NW 106th Street - Clive, IA 50325 - USA |
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Telephone: |
(515) 779-8306 |
ID : |
333434 |
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Fax: |
(515) 779-8306 |
Legal Form: |
Limited Liability Company |
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Email: |
devans@allianceminerals.com |
Registered in: |
Iowa |
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Website: |
http://www.allianceminerals.com/ |
Date Created: |
2006 |
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Manager: |
Arthur V. Neis, President |
Date Incorporated: |
September, 12th. 2006 |
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Staff: |
10 |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Slab and tile supplier |
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BANKS
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Name of the Bank |
NORTHWEST BANK |
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Name of the Bank |
WELLS FARGO BANK, N.A. |
BUSINESS
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HISTORY |
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The company was founded in 2006 |
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PRINCIPAL ACTIVITY |
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Slab and tile supplier |
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Products/Services
description: |
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The company is engaged in providing these products: -Slab (granite, marble, quartzite) -Tile (granite, limestone, marble, quartzite, slate) |
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Sales
are: |
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Wholesale |
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Clients: |
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Professionals of the industry |
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Suppliers: |
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The person contacted refused to provide the name of the
suppliers for us to check trade references. |
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Operations
area: |
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National |
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The subject employs 10 employee(s) |
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LOCATION
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Headquarters |
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The company is headquartered at: 1575 NW 106TH ST - CLIVE,
IA, 50325 - 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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This is a private company, which is a subsidiary of
"Gimpex Ltd.", an Indian company. |
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Management: |
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Arthur Neis, President |
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Related
Companies: |
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Alliance Minerals PVT LTD (India) Vietnam Alliance Minerals LTD (Vietnam) Alliance Minerals PTE LTD (Singapore) |
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. Darrell, from the accounting
department, who refused to provide us any financial data 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 |
1,000,000 |
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The cash flow is |
Normal |
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Legal Fillings
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There are 3 UCC** files
listed with the Secretary of State of Iowa. 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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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 sized American company which employs 10 persons
and has 4 years of experience in the market. There were no legal filings found against the company or
its representatives. A credit line may be consider for USD 15,000.- |
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. Darrell |
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Position |
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Accounting department |
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Comments |
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The person contacted refused to provide us any information
on grounds of confidentiality.- |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.45 |
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1 |
Rs.72.90 |
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Euro |
1 |
Rs.61.43 |
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.