MIRA INFORM REPORT
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Report Date : |
07.06.2011 |
IDENTIFICATION DETAILS
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Name : |
LIAISON STAINLESS INC |
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Registered Office : |
4900 Berkeley Oak Circle,
Norcross GA 30092 |
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Country : |
United States |
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Date of Incorporation : |
14.02.2006 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Importer of stainless
steel from various manufacturers in the world |
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 15,000. |
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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: |
Liaison Stainless Inc USA |
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Address in the order: |
4900 Berkeley Oak Circle
Morcross GA 30092 |
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Legal Name: |
Liaison Stainless INC |
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Legal Address |
4900 Berkeley Oak Circle Norcross GA 30092 USA |
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Telephone: |
+1 (770) 755-1991 |
ID : |
0610680 |
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Fax: |
+1 (770) 446-8677 |
Legal Form: |
Corporation for Profit |
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Email: |
Registered in: |
Georgia |
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Website: |
Date Created: |
NA |
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Manager: |
Dhruv Jangla, CEO |
Date Incorporated: |
February, 14th. 2006 |
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Staff: |
3 |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Importer of stainless
steel from various manufacturers in the world |
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BUSINESS
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PRINCIPAL ACTIVITY |
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Importer of stainless
steel from various manufacturers in the world |
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Products/Services description: |
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The company is engaged in
providing the following products: Cold Finished Bars Cold Drawn Wires Wire Rods |
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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 imports from worldwide, depending on the demand |
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The subject employs 3
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. Mr. Dhruv Jangla is the main shareholder. |
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Management: |
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Dhruv Jangla, CEO - CFO - Secretary |
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 |
1,000,000 (estimates) |
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The cash flow is |
Normal |
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Legal Fillings |
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There is one UCC** file 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 2/5/2011. 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 3 people and has
been incorporated for business for 5 years. There were no legal filings found against the company or its legal
representatives. The income per employee remains pretty fair for the company's size. A credit line may be considered for USD 15,000.- |
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.44.72 |
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UK Pound |
1 |
Rs.73.46 |
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Euro |
1 |
Rs.65.47 |
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.