MIRA INFORM REPORT
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Report Date : |
09.07.2011 |
IDENTIFICATION DETAILS
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Name : |
SHABAD INTERNATIONAL, INC |
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Registered Office : |
150-20 76th Road, Flushing, New York, 11367 |
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Country : |
United States |
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Date of Incorporation : |
26.08.1991 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Trading Company |
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 : |
Small Company |
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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: |
Shabad International Inc |
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Address in the order: |
82-55 Country Pointe Circle Queens Village NY 11427 |
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Comments on data supplied: |
The staff confirmed the address listed below. |
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Legal Name: |
SHABAD INTERNATIONAL, INC |
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Legal Address |
150-20 76TH ROAD FLUSHING, NEW YORK, 11367 |
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Operative Address |
8253 Country Pointe Cir, Queens Village, NY 11427, USA |
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Telephone: |
+ 1 (718) 776-6660 |
Corporate ID : |
1661836 |
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Fax: |
+ 1 (718) 776-6555 |
Legal Form: |
Corporation for Profit |
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Email: |
NA |
Registered in: |
New York |
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Website: |
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Date Created: |
NA |
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Manager: |
Saran Mehrotra Principal |
Date Incorporated: |
AUGUST 26, 1992 |
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Staff: |
2 |
Stock: |
200 |
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Value: |
NA |
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Activity: |
Trading company |
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BANK
Name of the Bank Bank of America
BUSINESS
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HISTORY |
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Shabad International Inc. was registered in New York in 1992. This is a trading company. |
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PRINCIPAL ACTIVITY |
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The company is in the business of purchasing various commodities from
domestic resources and shipping them worldwide. Import / exporter, distributors and wholesale of construction
machinery… |
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Products/Services description: |
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The following are items that we regularly procure from recycling
facilities, processors, mills, service centers, and processors: Tin Plate Black Plate Galvanized Steel Coils Cold Rolled Steel Coils Sealed / Compressor Units Electric Motors Taint Tabor Tense Yellow "Honey" Brass - Brass scrap Shredded Scrap Iron "ISRI Spec 211" Plates and Structural HMS LMS |
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Sales are: |
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Wholesale |
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Operations area: |
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Trade references:
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National, International We were unable to confirm the company’s trade references with the
staff. |
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The company imports from Southeast Asia , Eastern Asia |
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The company export to Southeast Asia , Eastern Asia |
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PAYMENTS |
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Regular |
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Branches: |
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117-14, 122nd Place, South Ozone Park, NY 11420, USA |
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Shareholders - Manager - Related Companies
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Shareholders Parent Company(ies): |
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Despite our long searches we were unable to identify the company’s
shareholders. |
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Management: |
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Saran Mehrotra Principal |
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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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 |
$350,000 |
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Legal Fillings |
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There are no UCC** files listed with the Secretary
of State of New York. There are no legal filings listed with the
District Court. The last annual report was filed on 2010. 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 company with several years
of operation, with a working staff of 2 employees We did not find any specific adverse
record against the company during the investigation. Its income is correct for its size. Considering the company’s size and income
we suggest a small credit line. |
SUMMARY
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Profitability |
CORRECT |
Public Records |
NO |
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Indebtedness |
CONTROLLED |
Payments |
REGULAR |
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Cash |
NORMAL |
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APPENDIX
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Person Interviewed |
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Mrs Nita |
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Comments |
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Contact confirmed the address and phone numbers, but not provided
financial information. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.33 |
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UK Pound |
1 |
Rs.70.74 |
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Euro |
1 |
Rs.63.65 |
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.