MIRA
INFORM REPORT
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Report Date : |
30.06.2011 |
IDENTIFICATION DETAILS
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Name : |
BEN TEXTILES INC |
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Registered Office : |
515 E 9th St Unit B, Los Angeles, CA 90015 |
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Country : |
United States |
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Date of Incorporation : |
07.01.2002 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Wholesale Linens |
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 8,000 |
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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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Comments on data supplied: |
Dear Client, we have found the company registered and listed as
operating at the address listed below. We called the company and the person
interviewed did not recognize the address provided in the order. |
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Legal Name: |
BEN TEXTILES INC |
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Legal Address |
515 E 9TH ST UNIT B, LOS ANGELES, CA 90015, USA |
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Telephone: |
(213) 624-3143 |
ID : |
C2374677 |
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Fax: |
(213) 624-3143 |
Legal Form: |
Corporation for Profit |
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Email: |
NA |
Registered in: |
California |
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Website: |
NA |
Date Created: |
1990 |
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Manager: |
Shawn Yashar, President |
Date Incorporated: |
January 7, 2002 |
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Staff: |
2 |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Wholesale Linens |
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BANKS
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Name of the Bank |
Hanmi Bank |
BUSINESS
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HISTORY |
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The company was established in 1990. |
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PRINCIPAL ACTIVITY |
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The company is involved in the wholesale of linens. It offers service and fabrics. |
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Products/Services description: |
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Lamour Satin Bridal Satin Crepe Back Satins Charmeuse Satins Chiffons Two-tone Chiffons Sheer Voiles Pintucks Plain Taffetas Embroidered Taffetas Organzas Basic Polyester for tablecloths Organza Embroideries and much more |
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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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Operations area: |
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National, Local |
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Trade References: |
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The person contacted refused to provide us the names of their
suppliers for us to check trade references. |
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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: 515 E 9TH ST UNIT B, LOS ANGELES, CA 90015, USA |
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Comments on location: |
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The person interviewed did not recognize the address provided in the order
and he confirmed that the company operates at the address listed above. |
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Branches: |
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This is the only location that the company operates. |
Shareholders - Manager - Related Companies
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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 and the person interviewed refused to provide
us this information on grounds of confidentiality. |
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Management: |
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Shawn Yashar, President Ben Yasharpour, 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 company but the person interviewed refused to
provide us any financial data on grounds of confidentiality. |
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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 |
420,000 |
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The cash flow is |
Normal |
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Legal Fillings |
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There are no 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
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Local credit bureau gave a low 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 company, with an estimated of 2 employees and 21
years of experience. It is based in California and it focuses mainly in the local market. We could not gather any financial information from the subject
directly. Nevertheless, through our sources we could gather the estimated
data for 2010. Income is good for its size. Payments are regular. We suggest a credit line for USD 8,000 |
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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Comments |
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We have contacted the company but the person interviewed refused to
provide us any financial data 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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1 |
Rs.71.91 |
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Euro |
1 |
Rs.64.60 |
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.