MIRA INFORM REPORT
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Report Date : |
02.06.2011 |
IDENTIFICATION DETAILS
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Name : |
CAVALIER CARPET INDUSTRIES LLC |
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Registered Office : |
122 Treadwell Road, Chatsworth, GA, 30705-6337 |
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Country : |
United States |
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Date of Incorporation : |
13.01.2005 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Manufacturer of carpets and rugs |
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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Maximum Credit Limit : |
USD 10,000 |
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Status : |
Small Company |
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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 |
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: |
Cavalier Carpet Industries LLC |
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Address in the order: |
122 Treadwell Rd. 30705, chatsworth |
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Legal Name: |
CAVALIER CARPET INDUSTRIES LLC |
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Legal Address |
122 TREADWELL ROAD, CHATSWORTH, GA, 30705-6337, USA |
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Mailing Address |
P.O. BOX 2661, DALTON, GEORGIA 30722, USA |
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Telephone: |
(706) 517-1010 |
ID : |
0506433 |
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Fax: |
(706) 517-1044 |
Legal Form: |
Limited Liability Company |
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Email: |
info@cavaliercarpet.com |
Registered in: |
Geogia |
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Website: |
http://cavaliercarpet.com |
Date Created: |
NA |
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Manager: |
Harold Hair, President |
Date Incorporated: |
January 13, 2005 |
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Staff: |
6 |
Stock: |
N.A. |
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Value: |
N.A. |
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Activity: |
Manufacturer of carpets and rugs. |
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BANKS
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Name of the Bank |
SUN TRUST BANK |
BUSINESS
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PRINCIPAL ACTIVITY |
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The company operates as a manufacturer of residential carpets. |
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Products/Services description: |
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Nonwoven fabric services Braided yarn or fabric services Industrial sewing services Broad woven fabrics manufacturing services Narrow woven fabrics manufacturing services Knitwear manufacturing services Cordage or rope or twine manufacturing services Dyeing or printing or finishing services |
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Sales are: |
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Wholesale |
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Clients: |
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Professionals of the industry, mainly independent retailers. |
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Operations area: |
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National, Local |
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The company does not export |
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Trade References: |
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The person contacted refused to provide the names of their suppliers
for us to check the trade references. |
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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: 122 Treadwell Road, Chatsworth, GA, 30705-6337, USA |
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Shareholders - Manager - Related Companies
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Shareholders Parent Company(ies): |
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This is a private company. Despite our long searches we could not
identify the main shareholder and the person interviewed refused to provide
us this information. |
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Management: |
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Harold Hair, President |
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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 the company but the person interviewed refused to
provide us any financial data without knowing the name of the inquiring
party. |
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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. |
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Currency |
DATE |
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USD |
2010 |
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Turnover |
610,000 |
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The cash flow is |
Normal |
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Currency |
DATE |
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USD |
2007 |
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Turnover |
589,000 |
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Operating Income |
12,000 |
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Net Income |
8,000 |
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Net worth |
45,000 |
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Bank liabilities |
20,000 |
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The cash flow is |
Good |
Legal Fillings |
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There are 3 UCC** files listed with the
Secretary of State of Georgia There are no legal filings listed with the
District Court. The last annual report was filed on
3/31/2011 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 good 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 6
employees and over 6 years of experience. Through our sources we could gather the
estimated range of revenue for 2010. Comparing with 2007, it has grown
revenues in about 3% Income is fair for its size. We suggest a credit line for USD 10,000 |
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SUMMARY
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Profitability |
CORRECT |
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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Comments |
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We have contacted the company but the person interviewed refused to
provide us any information about the subject without knowing the name of the
inquiring party. |
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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.44.89 |
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UK Pound |
1 |
Rs.73.85 |
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Euro |
1 |
Rs.64.76 |
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.