MIRA INFORM REPORT
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Report Date : |
26.02.2011 |
IDENTIFICATION DETAILS
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Name : |
ULTIMATE INTERNATIONAL INC |
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Registered Office : |
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Country : |
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Date of Incorporation : |
11.06.1992 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Pharmaceuticals, Mail Order |
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 5,000 |
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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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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: |
Ultimate International Inc |
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Address in the order: |
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Legal Name: |
Ultimate International Inc |
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Legal Address |
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Operative Address |
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Telephone: |
+1 (561) 347-1531 |
ID : |
650365161 |
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Fax: |
- |
Legal Form: |
Corporation for Profit |
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Email: |
- |
Registered in: |
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Website: |
- |
Date Created: |
1991 |
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Manager: |
Daniel Weckering, Owner |
Date Incorporated: |
June 11th, 1992 |
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Staff: |
4 |
Stock: |
N/A |
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Value: |
N/A |
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Activity: |
Pharmaceuticals, mail order. |
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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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This company was created in the year 1991. |
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PRINCIPAL ACTIVITY |
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The company is categorized under pharmaceuticals, and mail order
retailing. |
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Sales are: |
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Wholesale, Retail |
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Clients: |
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General clientele Various industries |
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The company does not import |
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PAYMENTS |
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regular |
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LOCATION |
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Headquarters |
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This company is headquartered at |
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Branches: |
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There were no branches found for this company. |
Shareholders - Manager - Related Companies
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Shareholders Parent Company(ies): |
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The company is privately held, and has the Weckering family as the
main shareholder. |
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Management: |
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Daniel Weckering, President Kathleen Weckering, Vicepresident |
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, however the female representative that
spoke with us only confirmed the address, and dropped the call; Our agent
tried to call back again to get her name an further information about the
company, though she kept dropping the call after our agent said where were we
calling from. |
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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 |
360,000 |
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Legal Fillings |
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There are 6 UCC** files listed with the
Secretary of State of Florida. There are no legal filings listed with the
District Court. The last annual report was filed on January
18th 2011. 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 in business for 20
years. It has a staff of 4 employees which makes it a medium sized company. There were no legal filings found against
the company or its legal representatives. The company showed a good profitability
for the year 2010. A credit line may be considered for USD
5,000 |
SUMMARY
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Profitability |
CORRECT |
Public Records |
NO |
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Indebtedness |
N.A. |
Payments |
REGULAR |
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Cash |
N.A. |
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APPENDIX
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Person Interviewed |
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Female representative. |
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Comments |
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We have contacted the company, however the female representative that
spoke with us only confirmed the address, and dropped the call; Our agent tried
to call back again to get her name an further information about the company,
though she kept dropping the call after our agent said where were we calling
from. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.37 |
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1 |
Rs.73.25 |
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Euro |
1 |
Rs.62.68 |
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.