MIRA INFORM REPORT
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Report Date : |
02.03.2011 |
IDENTIFICATION DETAILS
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Name : |
CASCADE STAR INC |
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Registered Office : |
60, South Spokane, St SIG 101, |
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Country : |
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Date of Incorporation : |
19.09.2005 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Jewelry Wholesaler, Small Jewelry Retailers |
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: |
Cascade Star Inc |
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Address in the order: |
60, South Spokane, St SIG 101, |
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Legal Name: |
Cascade Star Inc |
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Legal Address |
60, South Spokane, St SIG 101, |
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Operative Address |
60, South Spokane, St SIG 101, |
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Telephone: |
+1 (206) 682-1442 |
ID : |
602540632 |
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Fax: |
+1 (888) 699-0801 |
Legal Form: |
Corporation for Profit |
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Email: |
Registered in: |
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Website: |
Date Created: |
2005 |
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Manager: |
Mayur Sheth, CEO |
Date Incorporated: |
September 19th, 2005 |
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Staff: |
4 |
Stock: |
N/A |
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Value: |
N/A |
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Activity: |
Jewelry wholesaler, small jewelry retailers. |
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BANKS
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Name of the Bank |
HERITAGE BANK |
BUSINESS
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HISTORY |
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This company was created in the year |
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PRINCIPAL ACTIVITY |
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The company operates as a jewelry wholesaler and retailer. |
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Products/Services description: |
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Jewelry Manufacturing Silver Charms Silver Jewelry Findings Diamonds Earings Necklaces |
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Sales are: |
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Wholesale, Retail |
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Clients: |
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General clientele Various industries Jewelry stores |
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The company imports from Europe, Asia and |
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The company does not export |
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PAYMENTS |
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regular |
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LOCATION |
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Headquarters |
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This company is headquartered at 60, South Spokane, St SIG 101, |
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Branches: |
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There were no branches found for this company. |
Shareholders - Manager - Related Companies
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Shareholders Parent Company(ies): |
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This is a privately held company. Despite our long searches it has not
been possible to identify the shareholders. |
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Management: |
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Mayur Sheth, CEO Rushabh Sheth, CFO Alan Clever, 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 Gary who agreed to provide us with basic information
about the company. however he refused to provide us or confirm any financial
figures due to confidentiality reasons. |
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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 |
720,000 |
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Legal Fillings |
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There is one UCC** files listed with the
Secretary of State of Washington. 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 ** 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 company has been in business for 6
years. It has a staff of 4 employees which makes it a small sized company. There were no legal filings found against the
company or its legal representatives. The company gave a correct profitability
for the year 2010. |
SUMMARY
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Profitability |
CORRECT |
Public Records |
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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Position |
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Representative |
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Comments |
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He agreed to provide us with basic information about the company. However
he refused to provide us or confirm any financial figures due to
confidentiality reasons. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.12 |
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1 |
Rs.73.43 |
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Euro |
1 |
Rs.62.32 |
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 |
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.