MIRA INFORM REPORT

 

 

Report Date :           

23.07.2011

 

IDENTIFICATION DETAILS

 

Name :

GDB INTERNATIONAL INC

 

 

Registered Office :

One Home News Road, New Brunswick, N.J. 08901

 

 

Country :

United States 

 

 

Year of Establishment :

1993

 

 

Legal Form :

Corporation for profit

 

 

Line of Business :

Exporters of overstock, slow moving, and discontinued inventories

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually Correct 

 

 

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

 

Country Name

Previous Rating

                   (31.12.2010)                  

Current Rating

(31.03.2011)

United States 

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 Bottom of Form

 

 

GEOPOLITICS - UNITED STATES

 

POLITICAL DATA

ECONOMIC DATA

Form of Government: Federal


Economic Risk: Nil

Currency: USD

Branch Situation: Medium

 

 

IDENTIFICATION

 

Ordered as:

GDB International Inc

Address in the order:

One Home News Row New Brunswick, NJ 08901

 

 

Legal Name:

GDB International Inc

 

 

Legal Address

One Home News Road

New Brunswick, N.J. 08901

USA

 

 

Telephone:

732-246-3001

 ID:

0100658838

Fax:

732-246-3004

Legal Form:

Corporation for profit

Email:

 albert@gdbinternational.com

Registered in:

New Jersey

Website:

www.gdbinternational.com

Date Created:

1993

Manager:

SANJEEV BAGARIA  CEO

Date Incorporated:

NA

Staff:

149

Stock:

NA

 

 

Value:

NA

Activity:

Exporters of overstock, slow moving, and discontinued inventories

 

 

BANKS

 

Name of the Bank          Bank of America

 

BUSINESS

 

HISTORY

 

Founded in 1993 and is based in New Brunswick, New Jersey.

PRINCIPAL ACTIVITY

 

Exporters of overstock, slow moving, and discontinued inventories in the US, shipping over 2,250 containers a year.

 

Their main activity involves recycling and exporting of paint, plastic, metal and paper.

 

The company export to worldwide

Trade references:             We were unable to confirm the trade references with the bank.

 

PAYMENTS

 

regular

Comments on location:

 

Based in New Jersey their  global Sales and Marketing offices are situated in Brazil, China, Columbia, Ecuador, Guatemala, India, Mexico, Russia, Turkey and in UK.

 

 

Shareholders - Manager - Related Companies

 

Shareholders Parent Company(ies):

 

Despite our efforts we were unable to confirm the company’s shareholders.

Management:

 

Sunil Bagaria  President

Muhamad Liquat Controler

 




Financials - COMMERCIAL TRENDS AND FORECAST

 

As a private company the subject does not publish any financial statements.

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.

 

Currency

DATE

USD

2010

Turnover

56,510,000

 

 

Currency

DATE

USD

2009

Turnover

55,800,000

 

 

Currency

DATE

USD

2008

Turnover

40,600,000

 

 

Legal Fillings

 There are no UCC** files listed with the Secretary of State of New Jersey.

 

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

 

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.

 Final Opinion

 

This is a medium company with 149 employees and over 18 years of operations.

 

The company’s revenue is encouraging for its size.

 

The company’s sector of activity has not recently been related to specific adverse news.

 

The structure can bear a credit line.

 

 

SUMMARY

 


FINANCIAL SUMMARY


DEBT COLLECTIONS AND PAYMENTS

Profitability

CORRECT

Public Records

NO

Indebtedness

CONTROLED

Payments

REGULAR

Cash

NORMAL

 

 

 






APPENDIX

 

Comments

 

The person contacted confirmed current registration and address.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.38

UK Pound

1

Rs.72.34

Euro

1

Rs.63.87

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

----

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%)

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.