MIRA INFORM
REPORT
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Report Date : |
19.02.2011 |
IDENTIFICATION DETAILS
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Correct Name : |
JKM TRADING COMPANY |
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Registered Office : |
441 Highway 28 Bypass Abbeville, SC 29620 |
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Country : |
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Date of Incorporation : |
24.04.1989 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Household Textile Product Mills |
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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Status : |
Satisfactory |
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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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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: |
Pro Towels Etc |
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Address in the order: |
441 Highway 28 Bypass Abbeville, SC 29620 |
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Comments on data supplied: |
Dear client, Your order was on: Pro Towels Etc 441 Highway 28 Bypass Abbeville, SC 29620 When we contacted the company, Robin told our agent that the company’s
legal name is JKM TRADING COMPANY, doing business as Pro Towels Etc. We therefore made the report on JKM Trading Company. |
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Legal Name: |
JKM TRADING COMPANY (Pro Towels
Etc) |
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Trade Name: |
Pro Towels Etc |
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Legal Address |
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Telephone: |
(864) 459-1000 / (412)
447-0012 |
ID : |
1509499 |
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Fax: |
(864) 459-1000 |
Legal Form: |
Corporation for Profit |
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Email: |
Registered in: |
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Website: |
Date Created: |
- |
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Manager: |
Stuart J Nord, President |
Date Incorporated: |
April 24, 1989 |
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Staff: |
125 |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Household Textile Product Mills |
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BANKS
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Name of the Bank |
S&T BANK |
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BUSINESS |
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PRINCIPAL ACTIVITY |
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The company manufactures hand and golf towels, beach towels, and
blankets. |
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Products/Services description: |
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It offers golf and sport, stadium and rally, fitness, beach, fiber,
and woven towels. The company also provides baby products, such as baby
blankets, snap closure and pull over bibs, and hooded towels. In addition, it offers blankets, robes, and spa products. |
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Operations area: |
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National, Local |
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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 |
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Branches: |
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The company has a plant at 441 HIGHWAY 28 BYP Abbeville, |
Shareholders - Manager - Related Companies
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Shareholders Parent Company(ies): |
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The company is privately held. It is owned and operated by the Nord
family. |
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Management: |
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Stuart J Nord, President Linda Nord, Secretary Kevin A Nord, Treasurer And Vice President |
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 Robin who refused to provide us any financial data on
grounds of confidentiality. |
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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 |
2010 |
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Turnover |
9,500,000 |
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Legal Fillings |
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There are 45 UCC** files listed with the Secretary of State of
Pennsylvania. 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 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 company has been incorporated for business for 21 years; it has a
staff of 125 employees which makes it a medium sized company. A credit line may be considered for USD 150,000. |
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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APPENDIX
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Person Interviewed |
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Robin |
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Comments |
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She told our agent that the legal name of the company is JKM TRADING
INC, doing business as Pro Towels Inc. However refused to provide further
information on grounds of confidentiality. Unfortunately we could not verify
this information. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.18 |
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1 |
Rs.73.04 |
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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 Company |
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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.