MIRA INFORM REPORT

 

 

Report Date :           

12.03.2011

 

Additional Information:

The Secretary of State of NJ is experiencing technical problems, we were not able to confirm the incorporation of the company, which may modify our credit qualification.

 

IDENTIFICATION DETAILS

 

Name :

ABALINE SUPPLY COMPANY (ALBALINE SUPPLY)

 

 

Registered Office :

Abaline Supply, 600 Markley Street, Port Reading, New Jersey 07064

 

 

Country :

United States 

 

 

Date of Incorporation :

Not Available

 

 

Legal Form :

Corporation for Profit

 

 

Line of Business :

Care facilities and home health care

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

 

 

Payment Behaviour :

Unknown

 

 

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 – December 31, 2010

 

Country Name

Previous Rating

                   (30.09.2010)                  

Current Rating

(31.12.2010)

United States 

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

GEOPOLITICS - UNITED STATES

 

POLITICAL DATA

ECONOMIC DATA

Form of Government: Federal


Economic Risk: Nil

Currency: USD

Branch Situation: Stable

 

 

IDENTIFICATION

 

Ordered as:

Abaline Supply Company

Address in the order:

600 Markley Street, Port Reading NJ 07064

 

 

Legal Name:

Abaline Supply Company (Albaline Supply)

Trade Name:

Abaline Supply

Legal Address

Abaline Supply, 600 Markley Street, Port Reading, New Jersey 07064, USA.

 

Operative Address

Abaline Supply, 600 Markley Street, Port Reading, New Jersey 07064, USA.

 

Telephone:

+1 (732) 582-0200

ID :

NA

Fax:

800-788-7799

Legal Form:

Corporation for Profit

Email:

info@abalinesupply.com

Registered in:

NA

Website:

http://www.abalinesupply.com

Date Created:

NA

Manager:

NA

Date Incorporated:

NA

Staff:

NA

Stock:

NA

 

 

Value:

NA

Activity:

Care facilities and home health care.

 

 

BUSINESS

 

PRINCIPAL ACTIVITY

 

The company specializes in a full line of health care, disposable and institutional products.

Products/Services description:

 

Facility Maintenance & Safety Supply

Chemicals & Janitorial Supply

Paper & Dispensers

Floor & Carpet Care

Bags & Can Liners

Mops, Brooms & Brushes

Sales are:

 

Wholesale

Brands:

 

3m Corporation

Acme United Corporation

Ansell

Brooklace

Bolt

Brother

Operations area:

 

National, Local

Trade References:

 

The person contacted refused to provide the names of their suppliers  for us to check the trade references

PAYMENTS

 

regular

LOCATION

Headquarters

 

The company is headquartered at Abaline Supply, 600 Markley Street, Port Reading, NJ 07064, USA.

 

 

 

Financials - COMMERCIAL TRENDS AND FORECAST

 

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

We have contacted the company but refused to provide us any financial data on grounds of confidentiality.

Legal Fillings

 There are no UCC** files found.

 

 

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.

 Final Opinion

 

Despite our long researches we were unable to gather more information about the company.

Even though we called several times to the company, the receptionist kept dropping the call.

 

We have no financial transactions for this company.

 

SUMMARY

 


FINANCIAL SUMMARY


DEBT COLLECTIONS AND PAYMENTS

Profitability

N.A.

Public Records

NO

Indebtedness

N.A.

Payments

N.A.

Cash

N.A.

 

 

 

 

APPENDIX

 

Person Interviewed

 

Receptionist

Comments

 

Even though we called several times, the receptionist kept dropping the call.

We were unable to confirm if the company is incorporated in any state of the United States of America. However, we did found its website on the internet verifying its existence.

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.21

UK Pound

1

Rs.72.55

Euro

1

Rs.62.43

 

 

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

 

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.