MIRA INFORM REPORT

 

 

Report Date :           

26.07.2011

 

IDENTIFICATION DETAILS

 

Name :

LITHOPLANET LLC

 

 

 

 

Registered Office :

159 Horizon Dr ,Edison  Nj  08817

 

 

 

 

Country :

United States 

 

 

 

 

Year of Establishment :

Around 2009

 

 

 

 

Legal Form :

Limited Liability Company

 

 

 

 

Line of Business :

Purchasing, Selling and Trading high quality, pre-owned printing equipment

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

 

 

Payment Behaviour :

Unknown

 

 

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

Comments on the rating:
We suggest caution
                                                                                                                       

 

GEOPOLITICS - UNITED STATES

 

POLITICAL DATA

ECONOMIC DATA

Form of Government: Federal


Economic Risk: Nil

Currency: USD

Branch Situation:  Stable

 

 

IDENTIFICATION

 

Ordered as:

Lithoplanet LLC

Address in the order:

169 Kingsherry Dr. Somerset NJ 08873

Comments on data supplied:

The address given by the client is the new location.

Legal Name:

Lithoplanet LLC

 

 

Legal Address

159 HORIZON DR 

EDISON  NJ  08817 USA

Operative Address

169 Kingsherry Dr. Somerset NJ 08873 USA

Telephone:

(732) 718-6655

ID::

0400368197

Fax:

 (732) 497-3400

Legal Form:

Limited Liability Company

Email:

info@lithoplanet.com

Registered in:

New Jersey

Website:

www.lithoplanet.com

Date Created:

Around 2009

Manager:

Francis Malapati, Member

Date Incorporated:

NA

Staff:

NA

Stock:

NA

 

 

Value:

NA

Activity:

Lithoplanet specializes in purchasing, selling and trading high quality, pre-owned printing equipment

 

 

BUSINESS

 

HISTORY

 

Lithoplanet is located in New Jersey.

PRINCIPAL ACTIVITY

 

Lithoplanet specializes in purchasing, selling and trading high quality, pre-owned printing equipment and specialize in all offset printing brands including used Komori Presses, used Heidelberg presses, used Akiyama presses, used Mitsubishi presses and used Planeta printing machines. The company also offers refurbishment and service solutions for Komori, Mitsubishi and Heidelberg offset printing presses.

Products/Services description:

 

End2End Logistics 

Refurbishing

Repo/Asset Recovery

Worldwide Re-Marketing

Operations area:

 

National

Trade References:

 

Despite our efforts we were unable to confirm any trade reference.

PAYMENTS

 

Regular

Comments on location:

 

Single Location



Shareholders - Manager - Related Companies

 

Shareholders Parent Company(ies):

 

Despite our long efforts we were unable to confirm the share holders

Management:

 

Francis Malapati, Member

 

 

Financials - COMMERCIAL TRENDS AND FORECAST

 

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

 

The company’s financial was neither released nor revealed.

 

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 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 low credit rate.

 

The company is in Good Standing. This means that all local and federal taxes were paid on due date.

 Final Opinion

 

It seems to be a new company.

 

The staff was unwilling to confirm any financial.

 

We suggest working with guarantees and monitoring.

 

 

 

 

SUMMARY

 


FINANCIAL SUMMARY


DEBT COLLECTIONS AND PAYMENTS

Profitability

N.A.

Public Records

NO

Indebtedness

N.A.

Payments

TO BE MONITORED

Cash

N.A.

 

 



APPENDIX

 

Person Interviewed

 

Mr. Banthe

Comments

 

Confirmed the new address, but did not provide information about financial.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.42

UK Pound

1

Rs.72.49

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.