MIRA INFORM REPORT

 

 

Report Date :           

25.06.2011

 

IDENTIFICATION DETAILS

 

Name :

CMN INTERNATIONAL LLC

 

 

Registered Office :

2001 Omega Rd Ste 203, San Ramon, Ca 94583,

 

 

Country :

United States 

 

 

Date of Incorporation :

27.09.2002

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Home Furnishing Line

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

USD 500,000

Status :

Satisfactory

Payment Behaviour :

Usually Correct 

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

 

Country Name

Previous Rating

                   (31.12.2010)                  

Current Rating

(31.03.2011)

United States 

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 Bottom of Form

GEOPOLITICS - UNITED STATES

 

POLITICAL DATA

ECONOMIC DATA

Form of Government: Federal


Economic Risk: Nil

Currency: USD

Branch Situation: Stable

 

 

IDENTIFICATION

 

Ordered as:

CMN International LLC

Address in the order:

2001 Omega Road Suite #203 San Ramon CA 94583

Comments on data supplied:

Dear Client, the address provided in the order is that of the registered agent address. However, according to the web page the company is in fact headquartered at the address listed below. We could not confirm this information as the person interviewed refused to provide us any kind of information on grounds of confidentiality.

Legal Name:

CMN INTERNATIONAL LLC

Legal Address

2001 OMEGA RD STE 203, SAN RAMON, CA 94583, USA

Operative Address

43 QUAIL COURT, SUITE 111,

WALNUT CREEK, CA 94596, USA

Telephone:

(925) 362-4222 / 979-9700

ID :

200227310077

Fax:

(925) 979-9707

Legal Form:

Limited Liability Company

Email:

info@cmninternational.com

Registered in:

California

Website:

http://www.cmninternational.com

Date Created:

NA

Manager:

Cary Nostrant, Manager

Date Incorporated:

September 27, 2002

Staff:

20

Stock:

NA

 

 

Value:

NA

Activity:

Home Furnishing Line

 

BANKS

 

Name of the Bank

STATE BANK OF INDIA (CALIFORNIA)

 

 

BUSINESS

 

PRINCIPAL ACTIVITY

 

The company distributes home furnishing products.

It operates as an importer and distributor.

 

Products/Services description:

 

Sheets

Bed Linen

Comforter Covers

Duvets

Blankets

Comforters

Sales are:

 

Wholesale

Brands:

 

It ownes its private labels:

Merlot Collection

Royal Bordeaux

Chateu Living

 

It also operates with several retailer owned private label brands.

Clients:

 

Professionals of the industry.

Operations area:

 

National, International

The company imports from worldwide, mainly India.

The company export to Canada

Trade References:

 

We could not contact any representative of the subject that could provide us the names of their suppliers for us to check trade references.

 

PAYMENTS

 

regular

LOCATION

Headquarters

 

The company is headquartered at:

43 Quail Court, Suite 111, Walnut Creek, CA 94596, USA

Branches:

 

It also operates other locations as showrooms in California and
New York.



Shareholders - Manager - Related Companies

 

Shareholders Parent Company(ies):

 

This is a private company. Despite our long searches we could not identify the main shareholders and we cold not contact any representative that could provide us this information.

Management:

 

Deepak Mehrotra, Vice President Marketing

Cary Nostrant, Manager

Related Companies:

 

CMN Textile India Pvt. Ltd.




Financials - COMMERCIAL TRENDS AND FORECAST

 

As a private company the subject does not publish any financial statements.

We have contacted the company but we were transferred into the General Voicemail of the Accounts Payable Department. We left a message explaining the reason for our calling and providing our contact information but nobody has called us back yet.

 

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.

 

 

Currency

DATE

USD

2010

Turnover

20,000,000

The cash flow is

Normal

 

 

Legal Fillings

There are 3 UCC** files listed with the Secretary of State of California.

 

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

 

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.

 

 Final Opinion

 

This is a small sized company, with 20 employees and 9 years of experience.

 

It is headquartered in California, with an additional showroom in New York and direct relations with India.

 

Through our sources we could gather the estimated range of revenue for 2010. Income is very good for its size and it could be related to the fact that the company is involved in trading.

 

We suggest a credit line for USD 500,000



SUMMARY

 


FINANCIAL SUMMARY


DEBT COLLECTIONS AND PAYMENTS

Profitability

N.A.

Public Records

NO

 

Indebtedness

N.A.

Payments

REGULAR

 

Cash

CORRECT

 

 

 



APPENDIX

 

Comments

 

We have contacted the company but we were transferred into the General Voicemail of the Accounts Payable Department. We left a message explaining the reason for our calling and providing our contact information but nobody has called us back yet.


FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.94

UK Pound

1

Rs.71.89

Euro

1

Rs.64.09

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

----

NB

New Business

----

 

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%)

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.