MIRA INFORM REPORT
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Report Date : |
06.07.2011 |
IDENTIFICATION DETAILS
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Name : |
HAWK IMPORTERS INC |
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Registered Office : |
801 Adlai Stevenson Drive Springfield IL 62703 |
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Country : |
United States |
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Date of Incorporation : |
21.03.2002 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Hand Tools |
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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Maximum Credit Limit : |
USD 5,000 |
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Status : |
Satisfactory |
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Payment
Behaviour : |
Usually Correct |
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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 – March 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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United States |
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: |
Hawk Importers Inc |
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Address in the order: |
2307 E, Artesia Blvd., Long Beach, CA 90805 |
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Legal Name: |
Hawk Importers Inc |
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Legal Address |
801 Adlai Stevenson Drive Springfield IL 62703 (Register agent) |
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Operative Address |
2307 E, Artesia Blvd., Long Beach, CA 90805 |
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Telephone: |
+1 (562) 259-9999 |
ID : |
53899072 |
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Fax: |
+1 (562) 259-9990 |
Legal Form: |
Corporation for Profit |
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Email: |
orders@hawkimporters.com |
Registered in: |
Illinois |
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Website: |
www.hawkimporters.com |
Date Created: |
2002 |
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Manager: |
Ram Baheti, President |
Date Incorporated: |
March 21st, 2002 |
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Staff: |
1 |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Hand Tools |
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BANKS
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Name of the Bank |
Beach Business Bank |
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Name of the Bank |
The Provident Bank |
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Name of the Bank |
National City Bank |
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Name of the Bank |
Star Bank N A |
BUSINESS
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HISTORY |
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This company was created in the year 2002. |
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PRINCIPAL ACTIVITY |
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Hawk Importers Inc is a private company located in Long Beach
California. The company is categorized under hand tools, and hardware merchant
wholesalers. |
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Sales are: |
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Wholesale |
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Clients: |
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Various industries |
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Operations area: |
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National, Local |
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The company imports from Europe, and Asia |
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The subject employs 1 employee(s) |
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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 2307 E, Artesia Blvd., Long Beach, CA
90805. |
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Comments on location: |
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The company is incorporated in Illinois; However it is headquartered
in California. |
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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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This is a privately held company. Despite our long searches it has not
been possible to identify the shareholders. |
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Management: |
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Ram Baheti, President Vandana Baheti, Manager |
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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 a male representative who refused to provide us any
financial data without knowing the name of the inquiring party. |
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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 |
260,000 |
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Legal Fillings |
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There are 11 UCC** files listed with the Secretary
of State of Illinois. 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
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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 is a small sized company with 1
employee and nine years of experience. There were no legal filings found against
the company or its legal representatives. We've contacted the company; But the
representative refused to provide us any information on grounds of
confidentiality. Our banking sources though, provided us
with the revenue for the year 2010. The company gave a correct profitability
for that year. A credit line may be considered for USD
5,000 |
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SUMMARY
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Profitability |
CORRECT |
Public Records |
NO |
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Indebtedness |
CONTROLLED |
Payments |
REGULAR |
APPENDIX
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Person Interviewed |
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Male representative |
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Comments |
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He refused to provide us any financial data without knowing the name
of the inquiring party. |
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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.50 |
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UK Pound |
1 |
Rs.71.25 |
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Euro |
1 |
Rs.64.40 |
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.