MIRA INFORM REPORT
|
Report Date : |
09.05.2011 |
IDENTIFICATION DETAILS
|
Name : |
ALPHA CHEM INC |
|
|
|
|
Registered Office : |
31 Middle Dunstable Rd,
Nashua NH 03062 |
|
|
|
|
Country : |
United States |
|
|
|
|
Date of Incorporation : |
02.12.2005 |
|
|
|
|
Legal Form : |
Corporation for Profit |
|
|
|
|
Line of Business : |
Chemicals,
Pharmaceuticals, Pigments and Allied Products supplier |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 25,000 |
|
Status : |
Small Company |
|
Payment
Behaviour : |
Regular |
|
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
|
Currency: USD |
IDENTIFICATION
|
Ordered as: |
Alpha Chem Inc |
||
|
Address in the order: |
31 Middle Dunstable Road,
Nashua, NH 03062 |
||
|
|
|
||
|
Legal Name: |
Alpha Chem Inc |
||
|
|
|
||
|
Legal Address |
31 Middle Dunstable Rd Nashua NH 03062 |
||
|
|
|
||
|
Telephone: |
(781) 863-7290 |
ID : |
548237 |
|
Fax: |
(781) 863-7290 |
Legal Form: |
Corporation for Profit |
|
Email: |
NA |
Registered in: |
New Hampshire |
|
Website: |
NA |
Date Created: |
NA |
|
Manager: |
Prashant Shridharani, President |
Date Incorporated: |
December, 2nd. 2005 |
|
Staff: |
2 |
Stock: |
NA |
|
|
|
Value: |
NA |
|
Activity: |
Chemicals,
Pharmaceuticals, Pigments and Allied Products supplier. |
||
BANKS
|
Name of the Bank |
CITIZENS BANK NEW HAMPSHIRE |
BUSINESS
|
PRINCIPAL ACTIVITY |
|
|
|
Chemicals,
Pharmaceuticals, Pigments and Allied Products supplier |
|
Products/Services description: |
|
|
|
The company is engaged in
providing the following products: Adipic Acid Castor Oil (Refined, Hydrogenated
and Pale Pressed) Guar Gum (Various Grades) Menthol Camphor Sulfolane Pigments |
|
Sales are: |
|
|
|
Wholesale |
|
Clients: |
|
|
|
Professionals of the industry |
|
Suppliers: |
|
|
|
The person contacted refused
to provide the name of the suppliers for us to check trade references. |
|
Operations area: |
|
|
|
National |
|
The subject employs 2
employee(s) |
|
|
PAYMENTS |
|
|
|
regular |
|
LOCATION |
|
|
Headquarters |
|
|
|
The company is headquartered
at the address listed above. |
Shareholders - Manager - Related Companies
|
Listed at the stock
exchange: |
|
|
|
NO |
|
Shareholders Parent Company(ies): |
|
|
|
This is a private company.
Mr. Prashant Shridharani is the main shareholder |
|
Management: |
|
|
|
Prashant Shridharani, President |
Financials - COMMERCIAL TRENDS AND
FORECAST
|
As a private company the
subject does not publish any financial statements. |
|
We have contacted the
operator of the company, who refused to provide us any financial data
without knowing the name of the inquiring party. |
|
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. |
|
Currency |
DATE |
|
USD |
2010 |
|
Turnover |
1,500,000 |
|
The cash flow is |
Normal |
|
|
|
There are is one UCC** file listed
with the Secretary of State of New Hampshire. There are no legal filings listed with the District Court. The last annual report was filed on 1/18/2011. 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
|
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. |
|
|
Final Opinion |
|
|
|
This is a small sized American company which employs 2 persons and has
been incorporated for business since 2005. There were no legal filings found against the company or its legal
representative. The income per employee remains pretty good for the company's size. A credit line may be considered for USD 25,000.- |
SUMMARY
|
|
|
||
|
Profitability |
CORRECT |
Public Records |
NO |
|
Indebtedness |
N.A. |
Payments |
REGULAR |
|
Cash |
NORMAL |
|
|
APPENDIX
|
Position |
|
|
|
Operator |
|
Comments |
|
|
|
The person contacted
refused to provide us any information on grounds of confidentiality. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.78 |
|
UK Pound |
1 |
Rs.73.43 |
|
Euro |
1 |
Rs.65.27 |
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 |
|
---- |
NB |
New Business |
---- |
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.