MIRA INFORM
REPORT
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Report Date : |
12.07.2011 |
IDENTIFICATION DETAILS
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Name : |
UPALL HOME FASHIONS INC |
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Registered Office : |
6000 Tarawood Drive, Orlando FL 32819 US |
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Country : |
United States |
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Date of Incorporation : |
09.06.2004 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Fabrics Supplier |
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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 : |
No Complaints |
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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: |
Upall Home Fashions Inc |
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Address in the order: |
6000 Tarawood Drive, Orlando FL32819 |
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Legal Name: |
Upall Home Fashions Inc |
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Legal Address |
6000 Tarawood Drive Orlando FL 32819 US |
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Telephone: |
+1 (407) 876-1700 |
ID : |
P04000089297 |
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Fax: |
+1 (407) 876-1766 |
Legal Form: |
Corporation for Profit |
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Email: |
Registered in: |
Florida |
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Website: |
Date Created: |
NA |
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Manager: |
Uppal, Poonam - Director |
Date Incorporated: |
June, 9th. 2004 |
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Staff: |
2 |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Fabrics supplier |
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BUSINESS
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HISTORY |
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Upall Home fashion Inc was founded by me Pam Upall |
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PRINCIPAL ACTIVITY |
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Fabrics supplier |
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Products/Services description: |
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It also provides bedding products as well as decorative pillows. It also provides its products online. |
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Sales are: |
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Retail |
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Clients: |
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General clientele |
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Suppliers: |
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The person contacted refused to provide the name of the suppliers for
us to check trade references. |
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Operations area: |
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Local |
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The company imports from India |
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The company does not export |
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The subject employs 2 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 the address listed above. |
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Branches: |
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The company has no branch locations. |
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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It is a private company. Ms. Upall is the main shareholder. |
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Management: |
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Uppal, Poonam - Director Nagarajan, Akshaya D - Director |
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 called the company several times but nobody
was able to take our call. We left several messages which kept unanswered. |
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Legal Fillings |
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There are no 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
03/17/2011. 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 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 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 people and has been incorporated for 7 years. There were no legal filings found against the
company or its legal representatives. We tried to reach the company several
times, but nobody would take our call. We also left several messages which
kept unanswered. 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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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.37 |
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UK Pound |
1 |
Rs.70.84 |
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Euro |
1 |
Rs.62.96 |
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.