MIRA INFORM
REPORT
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Report Date : |
07.01.2011 |
IDENTIFICATION DETAILS
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Correct Name : |
TEXTPERTS, INC. |
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Registered Office : |
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Country : |
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Date of Incorporation : |
03.10.2002 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Cotton Merchants |
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: |
Textperts |
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Address in the order: |
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Legal Name: |
Textperts, Inc. |
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Legal Address |
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Operative Address |
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Telephone: |
(909) 463-2822 |
ID : |
C2471581 |
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Fax: |
(909) 463-2822 |
Legal Form: |
Corporation for Profit |
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Email: |
NA |
Registered in: |
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Website: |
NA |
Date Created: |
1999 |
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Manager: |
Amir Latif, Owner |
Date Incorporated: |
October, 3rd. 2002 |
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Staff: |
2 |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Cotton merchants |
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BANKS
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Name of the Bank |
WACHOVIA BANK |
BUSINESS
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HISTORY |
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The company was created in 1999 |
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PRINCIPAL ACTIVITY |
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Cotton salers |
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Sales are: |
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Wholesale |
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Operations area: |
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National, Local |
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The subject employs 2 employee(s) |
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PAYMENTS |
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made on a 60 days basis - monitored over the last 12 months |
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LOCATION |
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Headquarters |
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The legal address of the company is However, it is headquartered at: |
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. Mr. Amir Latif is the main shareholder of the company. |
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Management: |
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- Amir Latif, Owner |
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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Our financial sources could provide us with the following data
(estimates): |
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Currency |
DATE |
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USD |
2009 |
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Turnover |
800,000 |
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The cash flow is |
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Comments on the financial data: We couldn’t
verify the information with the company, since nobody answers the telephone
number we found |
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Legal Fillings |
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There are no UCC** files listed with the
Secretary of State of California. 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 small sized American company
which employs 2 persons and has 11 years of experience in the market. A search on the address returned this telephone
number (909) 463-2822. We called that number several times, but we received
no answer, so we left a message in order to check the information obtained.
According to the voicemail, the phone number would be related to Mr. Latif
Amir, the owner of the company. We weren't able to check the information
found with the company since we couldn't reach any member from it. 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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Comments |
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We called the company several times, but we weren't able to reach any member
in order to verify the information we found. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.31 |
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1 |
Rs.70.26 |
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Euro |
1 |
Rs.59.56 |
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.