MIRA
INFORM REPORT
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Report Date : |
22.07.2011 |
IDENTIFICATION DETAILS
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Name : |
LBJ RUGS LLC |
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Registered Office : |
3434 W Reno Oklahoma City, OK 73107 |
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Country : |
United States |
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Date of Incorporation : |
01.08.1996 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Floor Covering Stores |
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 : |
Regular |
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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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Legal Name: |
LBJ Rugs LLC |
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Trade Name: |
Bijan Rug Gallery |
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Legal Address |
3434 W Reno Oklahoma City, OK 73107 (Register agent) |
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Operative Address |
3802 Western Dr Oklahoma City, OK 73107 |
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Telephone: |
+1 (405) 951-1400 |
ID : |
3500571165 |
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Fax: |
+1 (405) 947-4050 |
Legal Form: |
Limited Liability Company |
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Email: |
info@lbjrugs.com |
Registered in: |
Oklahoma |
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Website: |
www.lbjrugs.com |
Date Created: |
1996 |
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Manager: |
Joe Majma, Member |
Date Incorporated: |
agoust 1st, 1996 |
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Staff: |
45 |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Floor Covering Stores |
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BANKS
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Name of the Bank |
Bank Of Oklahoma N A |
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Name of the Bank |
Boatmen's National Bank Of Oklahoma |
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Name of the Bank |
Bank Of America |
BUSINESS
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HISTORY |
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This company was created in the year 1996. |
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PRINCIPAL ACTIVITY |
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The company operates as a Floor Covering importer, retailer and
wholesaler. |
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Products/Services description: |
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Nourison Area Rugs Nourison Rug Area Rugs Shag Area Rugs Oriental Rug. Among others. |
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Sales are: |
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Wholesale, Retail |
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Clients: |
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General clientele Various industries |
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The company imports from Asia mainly from Pakistan and India. |
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The company does not export |
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The subject employs 45 employee(s) |
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Comments on staff: |
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The company has a staff of 10 employees at the company's headquarters. |
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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 3802 Western Dr Oklahoma City, OK
73107. |
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Comments on location: |
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Our agent talked to the owner; He confirmed that the company's legal
address is also a branch for the company. He stated though, that the company's
headquarters is located in the address mentioned above. |
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Branches: |
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The company has another branch located in: 3434 W Reno Oklahoma City, OK 73107 |
Shareholders - Manager - Related Companies
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Shareholders Parent Company(ies): |
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This company is privately held and has Joe Majma among the main
shareholders. |
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Management: |
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Joe Majma, Member Bill Mathis, Member Larry Mathis, Member |
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 Joe Majma who refused to provide us any financial
data on grounds of confidentiality. |
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Legal Fillings |
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There are 13 UCC** files listed
with the Secretary of State of Oklahoma. 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 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 company with 10 employees and 15 years of
experience. THere were no legal filings found against the company or its legal
representatives. We've contacted the company but the owner refused to provide us any
financial information on grounds of confidentiality. There was no financial information found for this company. Therefore, we can only suggest workintg with GUARANTEES. |
SUMMARY
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Profitability |
LOW |
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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Joe Majma |
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Position |
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Owner |
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Comments |
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He kindly confirmed basic information, such as the company's address and
its branch, the bank that they worked with, and the staff. However, he
refused to provide us any financial information, stating that he's not
willing to do business with anyone else and claiming he didn't apply for any
credit. |
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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1 |
Rs.71.89 |
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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 |
-- |
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.