MIRA INFORM REPORT
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Report Date : |
29.03.2011 |
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Tel. No.: |
212-3549700 |
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Fax No.: |
212-35415058 |
IDENTIFICATION DETAILS
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Name : |
AMIPI INC |
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Registered Office : |
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Country : |
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Year of Establishment : |
1974 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Retailer of Jewelry |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
20 000 USD |
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Status : |
Satisfactory |
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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 – December 31, 2010
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Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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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: |
Amipi Inc |
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Address in the order: |
15 West, |
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Legal Name: |
AMIPI INC |
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Legal Address |
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Operative Address |
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Telephone: |
+1 (212) 354-97 00 |
Document Number : |
0100015802 |
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Fax: |
+1 (212) 354-15 08 |
Legal Form: |
Corporation for Profit |
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Email: |
Registered in: |
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Website: |
Date Created: |
1974 |
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Manager: |
Amish Mehta, President |
Date Incorporated: |
NA |
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Staff: |
05 employees |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Retailer of Jewelry |
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BANKS
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Name of the Bank |
Habib American Bank |
BUSINESS
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HISTORY |
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Amipi Inc is a private company created in 1974 and based in |
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PRINCIPAL ACTIVITY |
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Amipi Inc is working as a manufacturer and retailer of diamonds. |
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Products/Services description: |
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The company offers a huge portfolio of jewelry. |
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Sales are: |
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Retail |
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Clients: |
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General Public |
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Operations area: |
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National, International |
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The company imports from |
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The company does not export |
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Trade References: |
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Despite our searches we were not able to find any company's trade
references. |
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The subject employs 05 employee(s) |
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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 |
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Comments on location: |
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The company is incorporated in |
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Shareholders - Manager - Related Companies
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Listed at the stock exchange: |
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NO |
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Shareholders Parent Company(ies): |
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Mahendra C. Mehta is the company's main shareholder. |
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Management: |
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Mahendra C. Mehta, Owner Amish M. Mehta, President Sangani, Accountant |
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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's Accountant Mr Sangani who able to provided us an
estimation of the company's turnover 2010 |
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Currency |
DATE |
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USD |
2010 |
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Turnover |
1,200,000 |
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The cash flow is |
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Currency |
DATE |
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USD |
2008 |
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Turnover |
980,000 |
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The cash flow is |
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Legal Fillings |
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There are no UCC** files listed with the
Secretary of State of New Jersey. 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 is a small company with several years
in the business. Looking at the company's turnover, we can
see that it's pretty fair for the company's size. Moreover, the profitability is correct and
the length of payment remains regular. At this time we believe that the company can bear a credit
line in the range of 20 000 USD |
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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 |
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APPENDIX
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Position |
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Accountant |
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Comments |
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He was able to confirm us the information in the report. |
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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.44.78 |
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1 |
Rs.71.64 |
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Euro |
1 |
Rs.62.96 |
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.