MIRA INFORM REPORT
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Report Date : |
16.02.2011 |
IDENTIFICATION DETAILS
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Correct Name : |
CINMAR LLC |
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Registered Office : |
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Country : |
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Date of Incorporation : |
18.08.1995 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Home and gift merchandise |
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 – June 30, 2010
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Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
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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: |
Cinmar AP |
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Address in the order: |
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Comments on data supplied: |
Your order was on: Cinmar-A/P We couldn't find the company registered in the Secretary of State of
Ohio under this name. For the address provided, we have found the company "CINMAR,
LLC." registered in the Secretary of State of Ohio, and incorporated in
the Secretary of State of Delaware. We called the company in order to verify the information found, and
they confirmed that the current legal name is "CINMAR, LLC.", and
that they are headquartered at the address provided. The previous name of the company was CINMAR LP. |
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Legal Name: |
Cinmar LLC |
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Legal Address |
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Operative Address |
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Telephone: |
(513) 603-1000 |
ID : |
2535143 |
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Fax: |
(513) 603-1000 |
Legal Form: |
Limited Liability Company |
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Email: |
NA |
Registered in: |
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Website: |
Date Created: |
1991 |
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Manager: |
Mr. Paul Tarvin, Founder |
Date Incorporated: |
August, 18th. 1995 |
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Staff: |
130 |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Home and gift merchandise |
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BANKS
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Name of the Bank |
BANK OF |
BUSINESS
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HISTORY |
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The company was founded in 1991. Its previous legal name was CINMAR,
L.P. |
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PRINCIPAL ACTIVITY |
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Home and gift merchandise |
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Products/Services description: |
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The company, a direct marketing company, operates as a catalog and
online retailer of home and gift merchandise. It offers holiday decoration products,
bed and bath products, outdoor decorations and accessories, outdoor
furniture, entertainment and electronic products, kitchen gourmet products,
indoor decorations and furnishings, and home care and maintenance products.
The company also offers its products through retail stores. |
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Sales are: |
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Retail |
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Clients: |
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General clientele |
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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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The subject employs 130 employee(s) |
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LOCATION |
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Headquarters |
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The company is headquartered at: |
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Comments on location: |
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The company was incorporated in |
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 operates as a subsidiary of
Cornerstone Brands, Inc. |
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Management: |
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Paul Tarvin, Founder |
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 operator of the
company who refused to provide us any financial data without knowing the
name of the inquiring party. |
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Legal Fillings |
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There are several UCC** files listed with
the Secretary of State of Ohio. 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 Low 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 sized American company
which employs 130 persons and has 19 years of experience in the market. There were no legal filings found on the
company or its representative. For the company requested, we don't have
any financial information, nor do we have any payment experience. Therefore, we suggest 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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APPENDIX
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Position |
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Operator |
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Comments |
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The person contacted refused to provide any information on grounds of
confidentiality. However, she agreed to provide us with the correct name of the company
and its location. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.50 |
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1 |
Rs.73.07 |
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Euro |
1 |
Rs.61.63 |
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 |
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.