MIRA INFORM
REPORT
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Report Date : |
04.06.2011 |
IDENTIFICATION DETAILS
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Name : |
BETA PHARMACEUTICAL LLC |
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Registered Office : |
1820 North Corporate Lakes Blvd., Suite 303, Weston FL 33326 |
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Country : |
United States |
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Date of Incorporation : |
18.09.2003 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Pharmaceutical
Preparation Manufacturing |
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: |
Beta
Pharmaceutical LLC |
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Address in the
order: |
1860 N Corporate Lakes Blvd Weston FL. USA |
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Legal Name: |
Beta Pharmaceutical LLC |
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Legal Address |
1820 North Corporate Lakes Blvd. Suite 303 Weston FL 33326
USA |
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Telephone: |
+1 (954)
384-8354 |
ID : |
L03000035488 |
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Fax: |
+1 (954)
384-8354 |
Legal Form: |
Limited Liability Company |
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Email: |
NA |
Registered in: |
Florida |
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Website: |
NA |
Date Created: |
NA |
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Manager: |
José Gómez,
President |
Date
Incorporated: |
September,
18th. 2003 |
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Staff: |
6 |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Pharmaceutical
Preparation Manufacturing |
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BANKS
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Name of the
Bank |
BAC FLORIDA
BANK |
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Name of the
Bank |
HELM BANK |
BUSINESS
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PRINCIPAL
ACTIVITY |
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Pharmaceutical
Preparation Manufacturing |
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Sales are: |
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Wholesale |
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Clients: |
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Professionals
of the industry |
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Suppliers: |
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The person contacted refused to provide the name of
the suppliers for us to check trade references. |
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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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The subject employs 6 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 address listed
above. |
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Branches: |
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The company has no branch locations |
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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This is a private company. Despite our long
searches, we could not identify the main shareholders. |
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Management: |
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Gomez José, President Borges Lourdes, Manager Velez Julio,
Manager |
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 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 |
700,000 |
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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 Florida. There are no legal
filings listed with the District Court. The last annual report
was filed on 04/18/2011. 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 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 6 people and has been incorporated for
business for 8 years. 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 income per
employee remains pretty fair for the company's size. Since this is a
Limited Liability Company, no action could succeed against the owner's
personal assets. A credit line may
be considered for USD 10,000.- |
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.44.85 |
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UK Pound |
1 |
Rs.73.29 |
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Euro |
1 |
Rs.64.89 |
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.