MIRA INFORM REPORT

 

 

Report Date :

02.07.2011

 

IDENTIFICATION DETAILS

 

Name :

MAYPRO INDUSTRIES LLC

 

 

Registered Office :

2711 Centerville Road Suite 400 Wilmington,De,19808

 

 

Country :

United States

 

 

Date of Incorporation :

08.08.2006

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Wholesaler of nutritional supplements and fine chemicals.

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

USD 50,000.

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually Correct

 

 

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 – March 31st, 2011

 

Country Name

Previous Rating

(31.12.2010)

Current Rating

(31.03.2011)

United States

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

GEOPOLITICS - UNITED STATES

 

POLITICAL DATA

ECONOMIC DATA

Form of Government: Federal


Economic Risk: Nil

Currency: USD

Branch Situation: Stable

 

 

IDENTIFICATION

 

Legal Name:

MAYPRO INDUSTRIES LLC

Trade Name:

MAYPRO INDUSTRIES OF NEW YORK LLC

Legal Address

Registered Agent

2711 CENTERVILLE ROAD SUITE 400

WILMINGTON,DE,19808

Operative Address

2975, West Chester Avenue, Purchase, NY 10577, USA

Telephone:

+ 1 (914) 251 0701

File Number :

4202225

Fax:

+ 1 (914) 251-0746

Legal Form:

Limited Liability Company

Email:

Maypro@worldnet.att.net

Registered in:

Delaware

Website:

www.maypro.com

Date Created:

NA

Manager:

Steve Yamada - Owner

Date Incorporated:

August 8, 2006

Staff:

50 employees

Stock:

NA

 

 

Value:

NA

Activity:

Wholesaler of nutritional supplements and fine chemicals.

 

 

BANK

 

Name of the Bank                 U.S. BANCORP

 

 

BUSINESS

 

HISTORY

 

Founded in 1977, Maypro Industries is an ingredient marketing company with six operating subsidiary companies located in New York, Tokyo and Shanghai. In 2006, Maypro officially became a minority-owned affiliate of Marubeni Corp., a Japanese conglomerate with 124 offices worldwide.

 

PRINCIPAL ACTIVITY

 

A product line of nutritional supplements and fine chemicals.

 

The company is registered in the state of New York and incorporated in Delaware for tax purposes.

 

Products/Services description:

 

Chinese products

Export Products

Fine and Industrial Chemicals

Nutritional Supplements

Pharmaceuticals

Sales are:

 

Wholesale

Brands:

 

AHCC®

Champex™

Oligonol®

Cogni-Q™

PureSorb Co-Q-10™

VitaPQQ™

GCP®

Chitoglucan®

Bonimax®

INM-176®

PQQ™

 

Clients:

 

American Home Products

GNC

Dupont

Eli Lily

Operations area:

 

Trade references:         

National, International

Despite our long searches, we were unable to confirm the company’s trade references.

The company imports from China Japan, India, Korea, Brazil and Europe

The company export to Japan and other Asian countries

PAYMENTS

regular

 

 

 

Comments on location:

 

Single Location

Branches:

 

Los Angeles

Tokio

Shangai



Shareholders - Manager - Related Companies

 

Shareholders Parent Company(ies):

 

Steve Yamada , among the shareholders.

Since 2006, became a minority -owned affilate of Marubeni Corporation

Management:

 

Steve Yamada  Officer

Noriko Yamada Finance Executive

Tac Kurihara  Sales Executive

 

Related Companies:

 

Marubeni Corporation

 




Financials - COMMERCIAL TRENDS AND FORECAST

 

As a private company the subject does not publish any financial statements.

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.

 

Currency

DATE

 

USD

2010

 

Turnover

20 to 50 millions

 

 

 

Legal Fillings

 There is 1 UCC** files listed with the Secretary of State of New York.

 

 

Filing Number:   2010 3901034

Filing Date:        11-05-2010

Secured Party: U.S. BANCORP BUSINESS EQUIPMENT FINANCE GROUP

 

 

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

 

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.

 

 

 Final Opinion

 

This is a small company with several years of experience.

 

This company has subsidiaries in Los Angeles, Shangai and Japan.

 

We did not find any specific adverse record against the company during the investigation.

 

Its income is correct for its size.

 

We advise a credit line in the range of USD 50,000.

 

 

 

SUMMARY

 


FINANCIAL SUMMARY


DEBT COLLECTIONS AND PAYMENTS

 

Profitability

CORRECT

Public Records

NO

 

Indebtedness

CONTROLED

Payments

REGULAR

 

Cash

NORMAL

 

 

 




 

APPENDIX

 

Comments

 

The person contacted was not willing to provide her name.

The person contacted did not provide information on grounds of confidentiality.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.58

UK Pound

1

Rs.71.75

Euro

1

Rs.64.80

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

--

NB

                                       New Business

 

--

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.