MIRA INFORM
REPORT
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Report Date : |
04.03.2011 |
IDENTIFICATION DETAILS
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Name : |
BONAKCHI MANAGEMENT LLC |
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Registered Office : |
DBA Cyrus Persian Rugs, |
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Country : |
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Date of Incorporation : |
30.12.2003 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Rug Dealer. |
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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Status : |
Small company |
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Payment
Behaviour : |
Regular |
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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 – June 30, 2010
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Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
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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: |
Bonakchi Management LLC |
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Address in the order: |
DBA Cyrus Persian Rugs, |
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Legal Name: |
BONAKCHI MANAGEMENT LLC (Cyrus Persian Rugs) |
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Trade Name: |
Cyrus Persian Rugs |
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Legal Address |
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Operative Address |
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Telephone: |
225 752 9787 |
ID : |
35618152 K |
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Fax: |
225 752 9787 |
Legal Form: |
Limited Liability Company |
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Email: |
Registered in: |
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Website: |
Date Created: |
NA |
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Manager: |
HAJI BONAKCHI, Owner |
Date Incorporated: |
December 30th 2003 |
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Staff: |
10 |
Stock: |
NA |
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Value: |
NA |
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Activity: |
rug dealer |
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BUSINESS
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HISTORY |
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The company was incorporated in 2003 |
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PRINCIPAL ACTIVITY |
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rug dealer |
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Products/Services description: |
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Repair and restoration, rug pads, cleaning, appraisals, rug care, rug
construction |
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The company imports from |
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The subject employs 10 employee(s) |
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PAYMENTS |
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made on a 60 days basis - monitored over the last 12 months |
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LOCATION |
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Headquarters |
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Branches: |
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Shareholders - Manager - Related Companies
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Shareholders Parent Company(ies): |
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Its a family owned business, managed by HAJI BONAKCHI |
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Management: |
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HAJI BONAKCHI, Owner and President |
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Related Companies: |
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BONAKCHI BROTHERS, L.L.C. BONAKCHI, L.L.C. BONAKCHI PROPERTIES, L.L.C. |
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 Mr BONAKCHI, 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 |
2009 |
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Turnover |
1,000,000 |
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Legal Fillings |
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There are no UCC** files listed
with the Secretary of State of Louisiana. There are no legal filings listed with the District Court. The last annual report was filed on 12/14/2010. 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 ** 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 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 A credit line may be considered for USD 15.000 |
SUMMARY
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Profitability |
CORRECT |
Public |
NO |
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Indebtedness |
CONTROLLED |
Payments |
REGULAR |
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Cash |
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APPENDIX
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Person Interviewed |
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Mr BONAKCHI |
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Comments |
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Refused to provide any info without knowing the name of inquiring
party |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.96 |
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1 |
Rs.73.37 |
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Euro |
1 |
Rs.62.33 |
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 Company |
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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.