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MIRA INFORM
REPORT
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Report Date : |
02.06.2011 |
IDENTIFICATION DETAILS
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Name : |
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Registered Office : |
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Country : |
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Date of Incorporation : |
03.04.2001 |
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Com. Reg. No.: |
0100846921 |
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Legal Form : |
Corporation –
Profit |
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Line of Business : |
Multi-Utility
Service Organization |
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 100,000 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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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 |
Company
Name
Company
acronym
GLOBAL
Contact Information
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Address |
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Telephone |
908-769-9500 |
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Fax |
908-769-0045 |
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Website |
www.globalamericanline.com |
Registration Data
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Date of Registration |
April 3rd,
2001 |
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Registration number |
0100846921 |
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Legal address |
207 Timber Oaks |
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Legal Form |
Corporation –
Profit |
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Share Capital |
200 shares common,
no par value |
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Other Registration
Data |
- |
Shareholders
with Shares
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Shareholder Names |
Share% |
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This is a privately held and managed company. |
- |
Board/Executive
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Name |
Mohamed
ABOUELMAATI |
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Position within the company |
President |
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Name |
Syed HUSSAINI |
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Position within the company |
Vice President |
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Name |
Hamid HUSSAINI |
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Position within the company |
CEO |
Changes in
Registration Data
None recorded
Activities
(realistic and officials)
GAL is a
comprehensive, multi-utility service organization that offers integrated
Freight Logistical solutions for Sea & Air cargoes viz., Int’l Freight
Forwarding, Warehousing & Distribution, Customs Clearing/Forwarding &
Export & Import Consulting Under One Roof.
GAL was founded by professionals with over two decades experience in Shipping
& Transportation Industry to provide professional & quality solutions
to various Exporters/ Importers / Freight Forwarders / Customs brokers.
Staff
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Number of staff employed |
50 |
Export/Import
(Countries, goods and total values for the period)
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Imports From |
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Exports To |
- |
Facilities
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On lease |
Office |
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Premises Size |
- |
Subsidiaries
and Participation
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Parent Company |
- |
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Subsidiaries |
- |
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Affiliates |
- |
Branches
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Address |
13850 Gulf
Freeway, Tel: 281-484-3230 Fax: 281-484-3835 Incorporated as a
branch on September 23rd, 2008 |
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Bankers
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Bank |
Citibank |
Suppliers,
Partners
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Suppliers |
Not known |
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Partners |
Not known |
Litigation,
Remarks on Payment
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Litigation |
None Recorded |
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Remarks on Payment |
No Complaints |
Financial
Information
No financials
available.
Reporter Comments
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Comments |
On a direct call,
nobody accepted to answer our questions. |
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Local Reputation |
The company being investigated is believed by local reporters to be a Medium
Trade Risk. Our credit
analysts noted that in the last 6 months, 82% of trade experience indicates a
regular payment. Payments are
currently made with a 15 days beyond terms. |
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MAX CREDIT |
USD 100,000 |
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.