MIRA INFORM REPORT
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Report Date : |
30.06.2011 |
IDENTIFICATION DETAILS
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Name : |
VALENTINE TEXTILES INC |
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Registered Office : |
305 E 9th St #226, Los Angeles, Ca 90015-1852 |
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Country : |
United States |
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Date of Incorporation : |
16.02.2000 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Textiles Wholesalers. |
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 5,000 |
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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: |
Valentine Tex Inc |
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Address in the order: |
306-E, 9th Street, Suite 408, 220-227 Los Angeles C.A. 90015 |
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Legal Name: |
VALENTINE TEXTILES INC |
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Legal Address |
305 E 9TH ST #226, LOS ANGELES, CA 90015-1852, USA |
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Telephone: |
(213) 622-4737 / 4784 /4786 / 4684 |
ID : |
C2218814 |
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Fax: |
(213) 688-0848 |
Legal Form: |
Corporation for Profit |
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Email: |
NA |
Registered in: |
California |
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Website: |
NA |
Date Created: |
NA |
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Manager: |
Farajollah K Yaghoubian, President |
Date Incorporated: |
February 16, 2000 |
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Staff: |
5 (approx) |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Textiles Wholesalers. |
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BANKS
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Name of the Bank |
CITIBANK |
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Name of the Bank |
HANMI BANK |
BUSINESS
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PRINCIPAL ACTIVITY |
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The company operates as a textiles wholesaler. It specializes in the sewing, needlework and piece goods. |
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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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The company imports from Persia |
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The company does not export |
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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 headquaqrtered at: 305 E 9TH ST #226, LOS ANGELES, CA 90015-1852, USA |
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Shareholders - Manager - Related Companies
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Shareholders Parent Company(ies): |
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This is a private company. Farajollah K Yaghoubian appears to be the
owner and main shareholder but the person interviewed refused to verify this. |
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Management: |
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Farajollah K Yaghoubian, President Jack Yaghouvian, Chief Executive Officer |
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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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Comments on the financial data: The revenue of the company is in the range
of USD 500,000 - 1 million. |
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Legal Fillings |
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There is 1 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 5 employees and over 11 years of experience. It is based in California and it focuses
on the local market. The person interviewed refused to provide
us any information about the subject on grounds of confidentiality. Nevertheless through our sources we could
gather the estimated range of revenue. Income is fair for its size. There is
recent payment history. Payments are regular. We suggest a credit line for USD 5,000 |
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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. |
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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.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.