MIRA INFORM REPORT
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Report Date : |
03.06.2011 |
IDENTIFICATION DETAILS
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Name : |
AMPAK COMPANY INC |
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Registered Office : |
1890 Palmer Ave. Suite 301, Larchmont, NY, 10538 |
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Country : |
United States |
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Date of Incorporation : |
09.07.1984 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
wholesale distribution of raw materials |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 150,000. |
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Status : |
Satisfactory |
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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: |
Ampak Company Inc |
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Address in the order: |
1890, Palmer Ave Suite
301, Larchmont New York 105538 |
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Legal Name: |
AMPAK COMPANY INC |
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Legal Address |
1890 Palmer Ave. Suite 301, Larchmont, NY, 10538, USA |
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Telephone: |
+1 (914)-833-7070 |
ID : |
928918 |
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Fax: |
+1 (914)-833-7878 |
Legal Form: |
Corporation for Profit |
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Email: |
info@ampakcompany.com |
Registered in: |
New York |
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Website: |
Date Created: |
1978 |
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Manager: |
Amarish Parikh, President |
Date Incorporated: |
July 09th, 1984 |
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Staff: |
8 |
Stock: |
200 |
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Value: |
No par value |
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Activity: |
Ampak Company, Inc. engages
in the wholesale distribution of raw materials. |
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BANKS
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Name of the Bank |
BANK OF AMERICA |
BUSINESS
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HISTORY |
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Ampak Company,Inc, is a
private company created in 1978 and incorporated in New York in 1984. |
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PRINCIPAL ACTIVITY |
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Ampak Company,Inc is
working as a wholesaler and distributor of raw materials for OTC, RX, Food
Products, Personal Care and Nutritional products. |
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Products/Services description: |
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•Food Beverage &
Nutritional •Pharmaceutical •Cosmetic & Personal
Care |
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Sales are: |
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Wholesale |
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Clients: |
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Food and beverage,
nutritional, pharmaceutical, and cosmetic and personal care industries. |
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Suppliers: |
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The person contacted refused
to provide us the name of the suppliers for us to check trade references. |
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Operations area: |
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National, International |
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The company imports from Asia mainly |
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The company export to Worldwide, depending on the demand |
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The subject employs 8
employee(s) |
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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 the above address. |
Shareholders - Manager - Related Companies
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Listed at the stock exchange: |
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NO |
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Shareholders Parent Company(ies): |
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The subject company is
privately held. Despite our long searches, we could not identify the main
shareholders. |
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Management: |
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- Amarish Parikh,
President - Steve Mullins, VP of Business
Development - Amisha Desai, Marketing - Ami Gandhi,
Import/Export Division - Shayla Sweeting,
Controller - John Kain, Account
Executive |
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Related Companies: |
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- ACI Marketing LLC |
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
operator of the company, who refused to provide us any financial data
without knowing the name of the inquiring party. |
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However, a previous agent
was able to gather the following information: |
Currency |
DATE |
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USD |
2009 |
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Turnover |
8,500,000 |
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Operating Income |
325,000 |
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Net Income |
201,000 |
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Net worth |
2,500,000 |
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Liabilities |
650,000 |
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The cash flow is |
Normal |
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Legal Fillings |
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There are 2 UCC** files listed
with the Secretary of State of New York. 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 Correct 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 American company which employs 8 people and has 39
years of experience in the market. There were no legal filings found against the company or its legal
representatives. Despite our long searches, we could not identify the main
shareholders. The subject is established. A credit line may be considered for USD 150,000. |
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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Position |
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Operator |
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Comments |
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The person contacted
refused to provide us any information on grounds of confidentiality. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.94 |
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UK Pound |
1 |
Rs.73.46 |
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Euro |
1 |
Rs.64.58 |
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.