MIRA INFORM REPORT
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Report Date : |
06.05.2011 |
IDENTIFICATION DETAILS
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Name : |
EA INTERNATIONAL LIMITED |
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Registered Office : |
900 Raco Dr, Lawrenceville GA 30045 |
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Country : |
United States |
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Date of Incorporation : |
27.04.1989 |
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Legal Form : |
Limited Company |
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Line of Business : |
Custom Packaging |
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 : |
USD 120,000 |
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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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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: |
EA International Limited |
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Address in the order: |
900 Raco Drive Lawrenceville GA 30045 |
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Legal Name: |
EA International Limited |
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Legal Address |
900 Raco Dr Lawrenceville GA 30045 USA |
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Telephone: |
+1 (700) 806-9070 |
ID : |
J908685 |
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Fax: |
+1 (700) 806-9480 |
Legal Form: |
Limited Company |
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Email: |
info@eaintl.com |
Registered in: |
Georgia |
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Website: |
http://www.eaintl.com/ |
Date Created: |
NA |
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Manager: |
Lisa Lai, Chief Executive Officer |
Date Incorporated: |
April, 27th. 1989 |
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Staff: |
50 |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Custom Packaging |
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BUSINESS
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HISTORY |
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The company was incorporated for business in 1989 |
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PRINCIPAL ACTIVITY |
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Custom packaging |
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Products/Services description: |
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EA International Ltd. manufactures and markets vinyl-packaging
solutions |
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Sales are: |
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Wholesale |
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Clients: |
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Home furnishings, travel, sporting goods, electronics, cosmetics, and personal
care industries, such as: Wal-Mart JC Penney Sears (Among others) |
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Suppliers: |
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The person contacted refused to provide the name of the suppliers for
us to check trade references |
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Operations area: |
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National, International |
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The company export to worldwide, depending on the demand |
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The subject employs 50 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 the address listed above. |
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Branches: |
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The company has additional offices in Nevada, Texas, South Carolina,
New Jersey, New York, Michigan and Minnesota. |
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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This is a private company. Despite our long searches, we were unable
to identify the main shareholders. |
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Management: |
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Ms. Lisa Lai, CEO Mr. Mark Ye, CFO Ms. Gertrude Rhein, Secretary |
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 Ms. Helen, from the accounting department, 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 |
2010 |
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Turnover |
7,700,000 |
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The cash flow is |
Normal |
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Legal Fillings |
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There are 2 UCC** files listed with the
Secretary of State of Georgia. 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 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 medium sized American company
which employs 50 persons and has been incorporated for business since 1989. There were no legal filings found against the
company or its legal representatives. Despite our long searches, we were
unable to identify the main shareholders. The company has international presence,
since it has additional offices in Spain, The Netherlands, Israel, Turkey,
Pakistan, India, etc. Since this is a limited company, no action
could succeed against the owner's personal assets. A credit line may be considered for USD
120,000.- |
SUMMARY
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Profitability |
CORRECT |
Public Records |
NO |
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Indebtedness |
N.A. |
Payments |
REGULAR |
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Cash |
NORMAL |
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APPENDIX
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Person Interviewed |
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Ms. Helen |
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Position |
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Accounting department |
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Comments |
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The person contacted refused to provide us any information on grounds
of confidentiality. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.57 |
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UK Pound |
1 |
Rs.73.58 |
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Euro |
1 |
Rs.66.23 |
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.