MIRA INFORM REPORT
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Report Date : |
22.07.2011 |
IDENTIFICATION DETAILS
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Name : |
AMNEAL PHARMACEUTICALS OF NEW YORK, LLC |
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Registered Office : |
2711 Centerville Road Suite 400,
Wilmington, De 19808 |
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Country : |
United States |
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Date of Incorporation : |
14.04.2008 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Develops, manufactures,
and distributes generic
pharmaceuticals |
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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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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 |
Comments on the rating:
A Credit line maybe considered
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: |
Amneal Pharmaceuticals of NY LLC |
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Address in the order: |
360 Moreland Road, Commack NY 11725 |
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Comments on data supplied: |
The address given by the client is a
branch. The Headquarter and legal
addresses are listed below. |
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Legal Name: |
AMNEAL PHARMACEUTICALS OF NEW YORK, LLC |
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Legal Address |
2711 CENTERVILLE ROAD SUITE 400 WILMINGTON, DE 19808, USA |
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Operative Address |
85 Adams Avenue Hauppauge, New York 11788, USA |
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Telephone: |
631.952.0214 |
File Number : |
4533207 |
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Fax: |
631.952.0214 |
Legal Form: |
Limited Liability Company |
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Email: |
Sales@amneal.com |
Registered in: |
Delaware |
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Website: |
http://www.amneal.com |
Date Created: |
NA |
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Manager: |
Chirag Patel President |
Date Incorporated: |
04/14/2008 |
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Staff: |
352 |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Develops, manufactures, and distributes generic
pharmaceuticals. |
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BANKS
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Name of the Bank |
STATE BANK OF INDIA |
BUSINESS
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HISTORY |
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Amneal Pharmaceuticals of New York was founded in 2008, based in New
York. |
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PRINCIPAL ACTIVITY |
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Producing Over-the-Counter,
private label, oral solid pills to manufacturing and distributing a diverse,
sophisticated array of prescription pharmaceutical products that serve a wide
range of therapeutic categories in multiple dosage forms |
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Products/Services description: |
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Amneal products currently span the following therapeutic categories:
•Analgesic •Anti-Anxiety •Antiarrhythmic •Antibacterial •Antibiotic •Anticonvulsant/Antiepileptic •Antihistamine •Antihyperglycemic •Anti-depressant •Anti-Inflamm•Cholinergic Agonist •Cough Suppressant •Decongestant •Hormone Replacement •H2-Blocker/Anti-Acid •Laxative •Muscle Relaxant •Urinary Antiseptic •Vitamin Supplementatory |
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Sales are: |
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Wholesale |
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Operations area: |
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National, International |
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Trade References: |
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Despite our long search we were not able to identify the company’s
trade references. |
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The subject employs 352 employee(s) |
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PAYMENTS |
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regular |
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Comments on location: |
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They have several branches and state of the art Research &
Development locations in New York and India.
It is headquarted in Hauppauge NY. |
Shareholders - Manager - Related Companies
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Shareholders Parent Company(ies): |
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Operates as a subsidiary of Amneal Pharmaceuticals, L.L.C.(FOUNDED IN 1998) Headed by Chirag Patel |
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Management: |
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Chirag Patel Member and
President Chintu Patel Chief Executive
Officer Jim Luce VP Marketing and Sales
Staff Sanji Patel Sr Vp
Operations |
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Related Companies: |
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Amneal Pharmaceuticals Co. India |
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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The company’s financials were neither
confirmed or released. |
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Legal Fillings |
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There are several UCC** files
listed with the Secretary of State of New York. Filing Number: 1002180089721 Filing Date: 02-18-2010 Secured Party: STATE BANK OF INDIA
Filing Number: 2010 0542054 Filing Date: 02-18-2010 Secured Party: STATE BANK OF
INDIA Filing Number: 2009 1827416 Filing Date: 06-09-2009 Secured Party: STATE BANK OF
INDIA Filing Number: 2010 4307801 Filing Date: 12-08-2010 Secured Party: RAYMOND LEASING
CORPORATION Filing Number: 2010 3464926 Filing Date: 10-05-2010 Secured Party: RAYMOND LEASING
CORPORATION There are no legal filings listed with the District Court. not able to confirm The last annual report . 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 medium company with 352
employees. We did not find any specific adverse
record against the company during the investigation. The staff was not cooperative on the
company’s financials. A business connection can be conducted
with a follow up. |
SUMMARY
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Profitability |
NA |
Public Records |
NO |
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Indebtedness |
NA |
Payments |
REGULAR |
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Cash |
NA |
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APPENDIX
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Comments |
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The lady confirmed the address given by the client, but did not
provided any financial information in grounds of confidentiality. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.43 |
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UK Pound |
1 |
Rs.71.90 |
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Euro |
1 |
Rs.63.41 |
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.