MIRA INFORM REPORT
|
Report Date : |
11.05.2011 |
IDENTIFICATION DETAILS
|
Name : |
MTAR LLC |
|
|
|
|
Registered Office : |
5640 Suwanee Rd, Fairway, KS 66205 |
|
|
|
|
Country : |
United States |
|
|
|
|
Date of Incorporation : |
16.05.2002 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Clothing Manufacturing |
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 : |
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: |
MTAR LLC |
||
|
Address in the order: |
1111 Mian ST Unit 625 Kansas City MQ 64105 |
||
|
|
|
||
|
Legal Name: |
MTAR LLC |
||
|
|
|
||
|
Legal Address |
5640 SUWANEE RD, FAIRWAY, KS 66205, USA (incorporators) |
||
|
Operative Address |
1111 MAIN ST STE 625, KANSAS CITY, MO 64105 (headquarters) |
||
|
Telephone: |
(816) 842-3300 |
ID : |
3322153 |
|
Fax: |
(816) 842-3301 |
Legal Form: |
Limited Liability Company |
|
Email: |
tnana@mac.com |
Registered in: |
Kansas |
|
Website: |
NA |
Date Created: |
2002 |
|
Manager: |
Josh Nana, CEO |
Date Incorporated: |
May 16th, 2002 |
|
Staff: |
2 |
Stock: |
NA |
|
|
|
Value: |
NA |
|
Activity: |
Clothing Manufacturing |
||
BUSINESS
|
HISTORY |
|
|
|
The company was created in 2002. |
|
PRINCIPAL ACTIVITY |
|
|
|
The company is engaged in clothing manufacturing. |
|
Sales are: |
|
|
|
Retail |
|
Clients: |
|
|
|
General clientele |
|
Operations area: |
|
|
|
Local |
|
The subject employs 2 employee(s) |
|
|
PAYMENTS |
|
|
|
regular |
|
LOCATION |
|
|
Headquarters |
|
|
|
The legal address of the company is that of the registrant officer:
5640 Suwanee Rd, Fairway, KS 66205, USA However, it is headquartered at: 1111 Main St Ste 625 Kansas City, MO
64105, USA |
Shareholders - Manager - Related Companies
|
Listed at the stock exchange: |
|
|
|
NO |
|
Shareholders Parent Company(ies): |
|
|
|
The company is privately held. The major shareholder is the Nana family. |
|
Management: |
|
|
|
Josh Nana, CEO |
Financials - COMMERCIAL TRENDS AND FORECAST
|
As a private company the subject does not publish any financial
statements. |
|
We have contacted Josh Nana, CEO, 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 |
220,000 |
|
The cash flow is |
normal |
|
Legal Fillings |
|
There are no UCC** files listed with the
Secretary of State of Kansas. There are no legal filings listed with the
District Court. The last annual report was filed on
12/2009. 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
|
The company is not in Good Standing. This
means that some local and federal taxes were not paid on due date. |
|
|
Final Opinion |
|
|
|
This is a small sized American company. It
employs 2 people and has been in business for 8 years. The company`s status is
"DELINQUENT" in the Secretary of State of Kansas. According to the
company`s CEO, the status is such because they forgot to file the annual
report. However, we have contacted the company and
verified that it is active and doing business. Therefore, we suggest extreme caution. We strongly suggest working with
GUARANTEES and a follow-up report within the next 6 months. |
SUMMARY
|
|
|
||
|
Profitability |
CORRECT |
Public Records |
NO |
|
Indebtedness |
CONTROLLED |
Payments |
REGULAR |
|
Cash |
NORMAL |
|
|
APPENDIX
|
Person Interviewed |
|
|
|
Josh Nana |
|
Position |
|
|
|
CEO |
|
Comments |
|
|
|
The person contacted did not know that the company appeared as
"DELINQUENT" in the Secretary of State of Kansas. He told us that they have not filed the last annual report. He also stated that the company is currently active and doing business
and that he is the CEO of the company, and provided a contact e-mail. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.73 |
|
UK Pound |
1 |
Rs.73.21 |
|
Euro |
1 |
Rs.63.90 |
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.